Morning six-pack: What we're reading Tuesday
Happy Tuesday. Baby, it's cold outside.
Pity the poor souls who had to drive to work today—especially those of us who pretty much have to cross the entirety of Jersey to get here. Tuesday marked the 1,000th day in a row that gas prices were over three bucks a gallon. (247wallst)
Unless, of course, she's not. The one thing that could stand in Yellen's way is that President Barack Obama may not want to look like he's bowing to those within his own party who torpedoed the Larry Summers pick. (Politico)
Whether it's Yellen or Don Kohn or Tim Geithner or some other compromise pick, the new Fed chair will have to grapple with an economy that is, at record numbers, of the rich, by the rich and for the rich. (Economic Populist)
Elsewhere, valuations on Chinese internet companies are surging even as the government—wait for it—is cracking down on online agitators. (Quartz)
And, finally...beware the bank loan funds. CNBC.com's Constance Gustske explains.
_ By CNBC's Jeff Cox. Follow him
@JeffCoxCNBCcom on Twitter.