Today's Headlines

Bloomberg:

• China Needs to Quicken AI Adoption in the Real Economy, Xi Says.

• McDonald's(MCD) Says It's Solved the Industry’s Delivery Problem of Keeping Fries Hot.

• Digital Coins Tumble in January Amid Facebook, Tether Concerns. (video) Bitcoin is down about 29 percent this month, trading at $10,172 as of 8:35 in London, according to composite pricing compiled by Bloomberg. Rival coins Ripple and Litecoin have respectively slid about 45 percent and 29 percent, while Ethereum has managed a 47 percent increase. The four coins were little changed on Wednesday. “The regulatory oversight and the clampdown is really coming to the fore right now,” Stephen Innes, head of trading for Asia Pacific at Oanda, said by phone from Singapore. “I don’t think we’ve seen the last of it.”

Wall Street Journal:

• Trump’s Offer to Democrats. His agenda has plenty of room for bipartisan compromise.

• Fed Holds Rates Steady, Sees ‘Solid’ Economic Gains. The central bank signals no changes to its policy path.

• How J.D. Power Was Acquired by a Chinese Company Shrouded in Mystery. Hong Kong’s XIO Group, which acquired the U.S. auto-rating firm in 2016, is now embroiled in a dispute about the source of XIO’s funding.

• Food Distributors Sue Tyson, Pilgrim’s Pride and Others Alleging Collusion on Chicken Prices. Sysco, US Foods say chicken companies coordinated poultry supplies.

• Big Oil Returns to Drilling—but on a Budget. New projects around the world could double in 2018 but there aren’t many behemoths, as the global industry focuses on moderation.

Fox News:

• FBI has 'grave concerns' about 'omissions' in surveillance memo. (video)

CNBC:

• Fed leaves rates unchanged but gives more aggressive inflation expectations. (video)

• Here's what changed in the new Fed statement.

• Yellen leaving Fed Saturday, Powell to be sworn in Monday.

• US oil production tops 10 million barrels a day for first time since 1970.

• Wall Street is giddy over EA’s(EA) surging microtransaction profits, despite ‘horrific’ ‘Star Wars’ game sales.

• With stores going dark, Whole Foods(WFM) looks to fill retail's gaps.

• Expect to see commodities rise because the dollar will keep falling, analysts say.

• Boeing(BA) stock hits all-time after the company says it expects to crush record jet deliveries this year. (video)

Zero Hedge:

• Andrew McCabe Under Active DOJ Investigation For Sitting On Weiner Laptop Emails.

• Congressman Jason Lewis Hospitalized Following Deadly Train Collision.

• Are Volatility Traders Going Overboard?

• Betting On A Hawkish Farewell Party By Yellen? Not So Fast.

• WTI Algos Confused After Huge Crude Build, Production Spike. (graph)

• 'Soft' Survey Data Dumps In January, Chicago PMI Fades From 7-Year High. (graph)

• Trump's First Year Saw Americans' Compensation Rise At Fastest Pace Since 2008. (graph)

• Second "Trump Dossier" Emerges One Day After FISA Memo Vote.

• Germany To Stop Taking Migrants From Italy And Greece.

• ADP Shows Big Job Gains In January In "Excruciatingly Tight Labor Market". (graph