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AM Business Notebook

>>No Trading On Wall Street In Observance Of MLK Day 

(New York, NY)  --  There's no trading today on Wall Street, with both the stock and bond markets closed for Martin Luther King Jr. Day.  Schools and government offices are also closed today and there will be no mail delivery.  Trading picks back up on Tuesday after Wall Street closed higher Friday to cap a positive week.  Despite ongoing recession fears, at the closing bell, the Dow Jones Industrial Average rose 112 points to 34-302.  The S&P 500 climbed 16 points to 39-99.  The Nasdaq gained 78 points to 11-079.

>>Warnock: Lawmakers Shouldn't "Play Chicken" With U.S. Economy

(Atlanta, GA)  --  Senator Raphael Warnock says that lawmakers shouldn't "play chicken" with the U.S. economy.  Appearing on ABC's This Week, the Georgia Democrat's comments come as Congress works to avoid a national debt default.  Warnock noted that the COVID-19 pandemic has"created a lot of challenges for American families" and warned any shocks caused by defaulting would disproportionally affects those already struggling the most.  He cautioned, "This is not a game. This is peoples' lives." 

>>World Economic Forum Getting Underway In Davos

(Davos)  --  The World Economic Forum is getting underway in Davos, Switzerland.  Organizers are expecting an estimated 27-hundred leaders from 130 countries to be on hand.  That's in addition to hundreds of high-profile public figures.  The annual conference runs through the 20th.    

>>SpaceX Set Successfully Launches Falcon Heavy Rocket 

(Kennedy Space Center, FL)  --  SpaceX is celebrating another successful launch of its most powerful rocket, the Falcon Heavy.  It blasted off Sunday evening from Florida's Kennedy Space Center, following a 24-hour delay.  Powered by three Falcon 9 boosters, the 230-foot rocket carried a pair of communications satellites into orbit on a classified military mission.

>>Voting On UAW President Underway

(Detroit, MI)  --  Voting is underway to determine who will lead the United Auto Workers union.  Current UAW President Ray Curry is facing off against Shawn Fain who is part of the Stellantis Department within the UAW.  In recent days both candidates have called each other out as being "out of touch" when discussing the future of the union.  This is the first direct election by union members in the history of the organization.  Members have until February 28th to return their ballots and vote tabulation begins March 1st.

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