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due to Trump's call to set the credit card annual interest rate cap at 10% and maintain it for one year, U.S. credit card issuing company stocks fell in pre-market trading. American Express stock fell 3.6%, Synchrony Financial stock dropped 8.8%, and Capital One Financial stock declined 7.7%.

 the Dubai financial regulatory authority has banned the use of privacy tokens in the Dubai International Financial Centre due to anti-money laundering and sanctions compliance risks. This ban is part of a comprehensive update to its cryptocurrency rules by the Dubai financial regulatory authority, which also includes shifting token approval responsibilities to companies and tightening the definition of stablecoins. The updated crypto token regulatory framework will take effect on January 12, positioning the Dubai Financial Services Authority as a regulator focused no longer on approving individual crypto assets but on enforcing global compliance standards.

 Goldman Sachs Chief Economist Jan Hatzius: The latest news about Federal Reserve Chairman Powell being under criminal investigation will intensify concerns about the Fed's independence. My expectation is that the FOMC will continue to make interest rate decisions based on its statutory duties and economic data.