 A trader wears a hat displaying the name of U.S. President Donald Trump while working on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Jan. 20, 2017. U.S. stocks rose as an increase in crude oil spurred gains in energy companies, while investors await Donald Trump's inauguration as the nation's 45th president. Consumer staples shares climbed as Procter & Gamble Co. reported quarterly earnings that topped estimates. Photographer: Michael Nagle/Bloomberg By Matt O'Brien President Trump has a unique talent: convincing people he won't rip them off. There's just one problem. Whether you're talking about his bondholders or his shareholders or his contractors or the students at his university, it's fair to say that Trump has a long record of disappointing everyone who puts their trust in him. It's the same schtick every time. He promises to make "every dream you ever dreamed ... come true" — that's what he said during the campaign — but that is the case only if all your dreams involve getting less money than you thought you would or getting a degree that isn't worth a thing. And now Wall Street is finding that out. Read the rest on Wonkblog.
Chart of the day Republican U.S. lawmakers are significantly more likely than their Democratic colleagues to "go negative" and attack their political opponents in official statements, according to a first-of-its kind Pew Research Center analysis of congressional press releases and Facebook posts. But whether that negativity is a reflection of a Democratic president during the 16-month analysis period beginning in January 2015, or of a more fundamental difference between Republican and Democratic messaging strategies remains unclear. Christopher Ingraham has more. 
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