Mid-day Update

Trump has signed an order withdrawing the U.S. from the Trans-Pacific Partnership, and will reportedly renegotiate NAFTA. We'll talk about some other international trade moves we can expect from the administration. Also in Trump-related news: a lawsuit that accuses Trump of violating the U.S. Constitution and Trump's new choice for agriculture secretary.

Turns out we may not see any tax cuts any time soon. Christopher Low, the chief economist at FT Financial, has spoken to some Capitol Hill insiders who are convinced taxes won't be slashed at all in 2017. Part of the reason: the new administration's focus on dismantling the Affordable Care Act. Next, we'll look at the flurry of regulatory reform happening amid the transition of power.

Financial crises tend to come around every seven years — which means one may be overdue. We'll look at how Trump's treasury secretary pick, Steven Mnuchin, would handle a Great Recession. Next, we'll explore how Dubai is using the sport of squash to cultivate relationships with major financial institutions.

Trump's nominee for Secretary of Commerce, billionaire investor Wilbur Ross, has a lot of opinions on trade. Philip Levy, from the Chicago Council on Global Affairs, breaks down what the department actually does when it comes to that issue. Next, we'll talk about Trump's relationship with our currency and the markets. The U.S. dollar fell to its lowest level in weeks after he said it was too strong. Is volatility something we need to get used to? Plus: a look at Woody Harrelson's plan to direct and star in a livestreamed film called "Lost in London."

As part of a nationwide expansion, Wal-Mart is adding 10,000 jobs this year. But in 2016, the retail giant announced thousands of cuts. With all of this job shuffling, what should we make of this announcement? Also on today's show: a new report from Oxfam that reveals eight of the world's richest men are wealthier than 3.5 billion of the world's poorest people, and a look at how social media is changing the way activists coordinate.

The British pound's sizable fall on Monday; pushback against the World Economic Forum; and the rise of food insecurity on college campuses.

After the election, some of the biggest banks were able to pull in a lot of money. We'll dive into the latest market trends. Next, we'll explore complaints from the EPA that some of Fiat Chrysler's vehicles are responsible for illegal pollution. Finally, we'll talk with some political outsiders who are vying for a position in the Trump administration.

We'll look at the markets this morning, a day after Trump's first press conference since the summer. Next, we'll preview highlights from our interview with outgoing Treasury Secretary Jack Lew, which includes his thoughts on Wall Street and the Consumer Financial Protection Bureau. Finally, we'll look at the Sundance Film Festival's new climate change category.

If the Dow crosses 20,000, it will...not be that big of a deal. Washington Post columnist Allan Sloan joined us to talk about why exactly that threshold doesn't hold any financial significance. Plus: A look at why Norway is turning off analog FM radio today.

President-elect Trump has tapped his son-in-law, Jared Kushner, to become a senior White House adviser. But Lyndon B. Johnson signed a federal anti-nepotism law back in the '60s. Will it prevent Kushner from nabbing the position? Historian Joshua Zeitz breaks down how the law came about and whether it contains any loopholes. Next, we'll look at the limited-edition sneaker market, where sellers can make thousands in just weeks.