Pelosi Sets Vote on Trump Removal News House Bill to Demand Penceinvoke25th Amendment, with a Business&Finance Threatofimpeachment
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P2JW011000-6-A00100-17FFFF5178F ADVERTISEMENT There’salwaysmoretodiscover about ETFs. Take acloserlook on page R8. ****** MONDAY,JANUARY11, 2021 ~VOL. CCLXXVII NO.8 WSJ.com HHHH $4.00 Last week: DJIA 31097.97 À 491.49 1.6% NASDAQ 13201.98 À 2.4% STOXX 600 411.17 À 3.0% 10-YR. TREASURY g 1 25/32 , yield 1.105% OIL $52.24 À $3.72 EURO $1.2220 YEN 103.96 What’s Pelosi Sets Vote on Trump Removal News House bill to demand Penceinvoke25th Amendment, with a Business&Finance threatofimpeachment mazon, Walmart and WASHINGTON—House Aother companies are Speaker NancyPelosi said the using artificial intelligence House will movetoimpeach to decide whether it makes President Trump as soon as economic sense to process this week if Vice President Mike areturn of merchandise. A1 Penceand the cabinet don’t act to strip him of his powers over U.S. investors have the riot at the U.S. Capitol. borne the brunt of aTrump executive order that was meant to hit the Chinese By Andrew Restuccia, military by curtailing ac- Brent Kendall and Siobhan Hughes cess to American dollars. B1 GES Beijing hit back against IMA Mrs. Pelosi, in aletterto recent U.S. curbs targeting GETTY House colleagues,wrote that Chinese companies, saying SE/ DemocratsonMondaywill first it plans to ban Chinese firms introducearesolution calling and citizens from complying forthe vicepresident to use with foreign laws and sanc- ANCE-PRES the25th Amendment to the tions it deems unjustified. A18 FR Constitution to removeMr. Investorsare showing signs ENCE Trump from office. Theresolu- of increasing exuberance, AG tion would come to avoteby S/ reflecting optimism about a Tuesday. If it is approved and vaccine-fueled global recovery Mr.Pencedoesn’t act to re- and the changed economics of O-REYNOLD moveMr. Trump from office the post-coronavirus world. B1 within 24 hours, the House will proceed to impeachment, Mrs. Achip shortage that has CABALLER Pelosi wrote. disrupted vehicle produc- PleaseturntopageA6 tion elsewhere is reaching the U.S., stifling output for ANDREW Capitol Police stand at attention during the funeral procession Sunday for their colleague, Brian Sicknick, who died Thurs- Companies suspend political major car companies. B1 day night from injuries he suffered while responding to the pro-Trump mob who attacked the Capitol on Wednesday. funding.......................................... A4 Chinese electric-vehicle startup NIO unveiled its fourth production model as it prepares for a chal- One Man’sDescent IntoMob Big Tech Firms Flex lenge from Tesla. B3 Boeing faces legal and businesschallenges even after That Breached the Capitol Muscle With Bans its$2.5billion agreement to end acriminal investigation intothe 737MAX debacle. B3 BY SARAH E. NEEDLEMAN Apple Inc., Amazon.com Inc. Doug Sweet’s arrest in the Washington riot has roots in unfounded AND GEORGIA WELLS andAlphabet Inc.’sGoogle also World-Wide took steps to boot Parler,aso- conspiracies and Confederate memorial protests Silicon Valley’s moves to cial-media app and website eject President Trump from so- that has growninpopularity Speaker Pelosi said the BY MICHAEL M. PHILLIPS AND JENNIFER lEVITZ beat Donald Trump in the 2020 presidential cial media represent adisplay among conservatives—and House will move to im- election. of powerthe companies have which some riotershad used to peach Trump this week if GWYNN’SISLAND,Va.—On Doug Sweet’s It didn’t matterthat no evidenceofwide- avoided making fornearly four promoteWednesday’sattack at Pence and the president’s firsttrip to the U.S. Capitol, as a13-year-old spread election fraud emerged, or that more years. NowTwitterInc., Face- the U.S. Capitol, according to cabinet don’t act to strip in 1975, he tilted his head back,gazed up at than 50 legal claims filed by the Trump cam- book Inc.and othersmust screenshotsviewedbyThe him of his powers over the the glistening whitedome and thought it was paign have been dismissed by courts. reckon with what comes next. Wall Street Journal. riot at the U.S. Capitol. A1 the most awesome thing he had ever seen. Mr.Sweet put his faith in Mr.Trump and In aspan of afew days, Theactions against Mr. On his second trip to the Capitol, he his allies,who forweeks had implored fol- Twitterand Facebook—Mr. Trump,aRepublican, and Par- Silicon Valley’s moves to joined a mob of Trump supporters who lowers to rise up against the outcome of a Trump’smain social-media ler illustratemorestarkly than eject Trump from social media smashed their way into the seat of the U.S. national election they said wasrigged. megaphones—took action to si- ever thecompanies’ influence represent adisplayofpower Congress, and finished his visit handcuffed “He said, `Hey,Ineed my digital soldiers lencethe president’spersonal over conversation online—and the companies have avoided facedown on the floor. to showuponJanuary6,’” Mr.Sweet says of accountsoronline communities PleaseturntopageA4 making fornearly four years. The45-year journey between those two the president. “And we all did.” devoted to him, citing rules Now they must reckon visitswas marked by bright idealism and Themob that stormed the Capitol last prohibiting content that incites Apple, Amazon move to with what comes next. A1 belief in dark conspiracies,byasolitaryex- PleaseturntopageA8 violence. They were joined by marginalize Parler................... A4 Apple and Amazon istenceand anewfound fraternity with companies such as Snap Inc. Airbnb underscores reach of halted support for Parler, those convinced thereisnoway JoeBiden Rioters came from all walksoflife......................... A6 and Reddit Inc. law shielding web firms....... B1 dealing a major blow to a social-media service that has soared in popularity among conservatives. A4 Maradona’s Search JPMorgaN is pausing all Under Way corporate political-action- Death Brings committeedonations to Re- For Jet’s publicans and Democratsfor More Devotion six months afterlast week’s Wreckage riot at the Capitol. A4 iii Indonesian navy divers White House officials Soccer star’s on Sunday hold pushed Atlanta’s top fed- GES wreckage from a eral prosecutor to resign IMA disciples worship Sriwijaya Air flight before the Georgia runoffs carrying 62 people because Trump was upset GETTY in his ‘church’ SE/ that crashed into the he wasn’t doing enough to Java Sea shortly after probe unproven claims of BY RYAN DUBE takeoff on Saturday. election fraud. A7 ANCE-PRES Authorities said they Authorities believe they In cultures where soccer is FR believe they have have identified the loca- almost areligion, it doesn’t ENCE identified the location tion of the two black boxes take a leap of faith to join Ar- AG of the two so-called of the Sriwijaya Air jet that gentina’sChurch of Maradona, Y/ black boxes from the crashed into the Java Sea, which has elevated DiegoMar- BERR Boeing 737-500 jet. carrying 62 people. A10 adona from soccerlegend to ADEK A10 higher power. Over two decades,church JOURNAL REPORT followers have spread to Bra- Investing in Funds:Our zil, Mexico, Spain, Italy and mind games with money. beyond, one founder said, and R1-8 RetailersSay Skip Returns of Unwanted Items they nownumber in the tens of thousands. Mr. Maradona’s CONTENTS Outlook....................... A2 death in November from car- BY SUZANNE KAPNER cheaper to refund the pur- said Amit Sharma,chief execu- by mail,” Ms.Anderson, 38 Arts in Review... A13 Personal Journal A11-12 BusinessNews.......B3 Sports....................... A14 diac arrest wasablowtofans, AND PAUl ZIOBRO chase priceand let customers tiveofNarvar Inc., which pro- yearsold, said. “It’sahassle to Crossword.............. A14 Technology............... B4 especially those who deemed keep the products. cesses returns for retailers. pack up the boxand drop it at HeardonStreet..... B8 U.S. News............. A2-9 the socceridol worthyofwor- Retailershaveanew mes- Therelatively newap- Lorie Anderson of Vancou- the post officeorUPS.This Markets...................... B8 Weather................... A14 ship. sagefor consumerslooking to proach, popularized by Ama- ver, Wash., waspleasantly sur- wasone lessthing Ihad to Opinion.............. A15-17 World News... A10,18 “Wetalked, we cried, we return an item: Keep it. zonand afew other chains,is prised when she tried to re- worry about.” told stories,” said Iván Amazon.comInc., Walmart being adopted morebroadly turn online purchases of ATargetCorp.spokes- > Rodríguez,a31-year-old in Inc. and other companies are during the Covid-19 pandemic, makeup at Target and batter- woman said the retailer gives Buenos Aires who represents using artificial intelligence to as a surge in online shopping ies from Walmart. The chains customersrefunds and encour- the church in the Argentine decide whether it makes eco- forces companies to rethink issued her arefund but told ages them to donate or keep capital. “You feel more united nomicsense to processare- howthey handle returns.“We her to keep the items. theiteminasmall number of with people who have the turn. Forinexpensiveitems or are getting so many inquiries “They were inexpensive, cases in which the company s 2021 Dow Jones & Company, Inc. All Rights Reserved same devotion for Diego.” large ones that would incur about this that you will see it and it wouldn’t makemuch fi- deems that option is easier PleaseturntopageA10 hefty shipping fees,itisoften take off in coming months,” nancial sense to return them PleaseturntopageA2 P2JW011000-0-A00200-1--------XA A2 | Monday, January 11, 2021 THE WALL STREET JOURNAL. U.S. NEWS THE OUTLOOK | By Eric Morath ECONOMIC Year Is Poised forRecordJob Growth CALENDAR Monday: China’s consumer prices are expected to have TheU.S. Nonfarm payrolls,December to December change said the economywill be strong hiring and changes to been unchanged from a year economyis 2021 forecast: about four million jobs short the labor force. earlier in December. Prices fell in 7.5 million poised to add 6.7million of itspre-pandemic level. He expectslabor-force par- November, due to a pullback in morejobs this “We’vepermanently lost ticipation—the shareof pork prices amid increased sup- year than any 5.0 some businesses and are Americans working or look- ply.