President Donald Trump said he will make a "major" announcement about the border and ongoing government shutdown, amid reports that the White House could make a major concession on its immigration hardline.
The White House says Trump canceled the trip "out of consideration" for 800,000 workers not receiving pay because of the partial shutdown.
The company has long argued its cash burn is a long-term investment because it ultimately owns the rights to the original content produced.
Sources told Bloomberg that CEO Tim Cook told employees about the slowdown a day after he sent a letter to investors warning of lackluster sales, particularly in China.
The company said it sees "extraordinarily difficult challenges ahead" and therefore needs to "become a leaner company."
The retailer said it will provide more information on store closures when it reports fourth-quarter results on Feb. 28.
Many business leaders have said an extended U.S.-China trade war would negatively impact business, or at the very least reduce visibility.
The companies said they will collaborate on a number of projects, which will also aim to reduce health-care costs. The partnership would increase access to Verily's technology by deploying them at Walgreens' physical pharmacies.
The Federal Open Market Committee released its quarterly economic forecast, which includes the so-called dot plot of where members anticipate interest rates to head.
The president's decision follows a week of speculation about who would succeed Kelly. The retired general is set to leave by year's end.
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