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Senate holding hearing for intel chief Friday amid calls to protect national security

Senate Republicans are heeding calls to protect national security, agreeing to hold a confirmation hearing Friday for Joe Biden's nominee for director of national intelligence.

Why it matters: The president-elect's transition team has argued swift confirmation hearings — especially for its national security nominees — are crucial following last week's attack on the Capitol, threats of violence surrounding next week's inauguration and global political tensions.


The details: The hearing will take place at noon via WebEx. It will occur virtually, since senators are in recess until Jan. 19.

The backdrop: The nominee for ODNI, Avril Haines, served as CIA deputy director from 2013 to 2015, and deputy national security adviser from 2015 to 2017.

  • She has a long history of working on critical cybersecurity and digital challenges facing the intelligence community.

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Voters in Minnesota, Georgia, Wisconsin, Conneticut and Vermont cast ballots

Primary elections are being held on Tuesday in Minnesota, Georgia, Connecticut, Vermont and Wisconsin.

The big picture: Georgia and Wisconsin both struggled to hold primaries during the coronavirus pandemic, but are doing so again — testing their voting systems ahead of the general election. Rep. Ilhan Omar (D-Minn.) is facing a strong challenger as she fights for her political career. In Georgia, a Republican primary runoff pits a QAnon supporter against a hardline conservative.

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Fox News cancels Lou Dobbs’ show

Fox News has cancelled its business network's “Lou Dobbs Tonight" and will air the program's final show on Friday night, the LA Times first reported.

Why it matters: Dobbs, Trump’s favorite TV host, helped promote the baseless assertions of widespread voter fraud in the 2020 election. Conservative-leaning media companies, including Fox, are in the throes of navigating a post-Trump landscape.

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Economic fears during the COVID comeback have been largely transitory

Although the U.S. economy is well into a recovery from the depths of the COVID-19 crisis, there’s been plenty of news along the way that could have battered markets or led to a more sustained correction. But so far, that hasn’t happened.

Why it matters: The equity market still has almost blind faith that the Federal Reserve will bail it out in a time of crisis, and, increasingly in the belief that the current bout of inflation will be largely temporary.

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Autonomous trucks wow Wall Street

Autonomous trucking is a hot commodity as investors once dazzled by self-driving cars are now pouring truckloads of money into automated logistics.

The big picture: It's still not clear when robotaxis might be ready for large-scale deployment. Meanwhile, the explosion of e-commerce since the pandemic has created an increased demand for shipping.

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