After 56 years of playing football in San Diego, the Chargers are officially moving to Los Angeles. Nothing crazy about that – except for the fact that the St. Louis Rams just moved to L.A one year ago. Now, a city which just two years ago had no professional football teams will suddenly have two. Why would the Chargers move to a city which already has a football team?

Read The Capitalist’s Take Here

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CHINA CHECKS TRUMP; ONE CHINA NOT A BARGAINING CHIP

China’s Foreign Ministry firmly pushed back Saturday against President-elect Donald Trump’s suggestion that the “One China” policy on Taiwan is negotiable, calling it the “political foundation” of the relationship between the US and China. China views Taiwan as a renegade province and, since 1979, the US has acknowledged Beijing’s claim that Taiwan is part of China, with US-China relations governed by a set of protocols known as the “One China” policy.

Read More at CNN Here

Read More at Bloomberg Here

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SPACES FINALLY LAUNCHES FIRST ROCKET SINCE FALL EXPLOSION

SpaceX launched 10 satellites to orbit today (Jan. 14) in a rousing return-to-flight mission that also included a rocket landing on a ship at sea. SpaceX’s two-stage Falcon 9 rocket lifted off from a launch pad just a few hundred meters from the scenic California coastline here today at 12:54 p.m. EST, carrying 10 communications satellites to low-Earth orbit for the Virginia-based company Iridium. After a week of heavy rain and strong winds, only a few clouds obscured the view of the rocket as it climbed skyward.

Read More at Space.com Here

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Closing Bell

– Friday, January 13th

Markets Steady, Dow Dips After Bank Majors Report

Big Insider Trades

– Live Nation Entertainment, Inc. (LYV) President Michael Raplino Sells $3.8m

-Retractable Technologies, Inc. (RVP) CEO Thomas Shaw Buys $1.78m