Luke Vargas

That was the journal's Rolf Winkler.

According to one supply chain analyst report, Apple may choose not to raise prices for next year's iPhone 18 lineup and instead take a hit to its gross profit margins.

And earnings season is rolling on today, with the latest reports from oil majors Chevron and ExxonMobil this morning, along with American Express and Verizon.

And we'll also get a reading on monthly supplier inflation with December's producer price index due at 8.30 a.m.

Eastern.

Coming up, the rest of the day's news, including a deal in Washington to avoid a potential government shutdown.

And we'll look at the Americans driving Costco tourism abroad.

Those stories and more after the break.

President Trump and Senate Democrats say they've reached a deal to avert a partial government shutdown and temporarily fund the Department of Homeland Security.

Our Washington coverage chief, Damian Paletta, says the deal would see the Senate quickly pass a handful of spending bills that have already cleared the House, but only a two-week stopgap funding extension for DHS.

President Trump is increasing pressure on U.S.

allies pursuing closer ties with China, calling out an ongoing trip by British Prime Minister Keir Starmer to Beijing aimed at increasing business between the countries.

Starmer's talks with Chinese leader Xi Jinping follow Canadian Prime Minister Mark Carney's own trip to China, where the countries agreed to reduce tariffs on Chinese-made EVs and Canadian agricultural products.

That triggered Trump to threaten 100 percent tariffs against all Canadian imports in the event of a free trade agreement between China and Canada, something Carney said he's not pursuing.

Last night, Trump also warned that he might decertify Canadian-made aircraft and apply 50 percent tariffs on imports in retaliation for what he described as the country's refusal to certify U.S.-made Gulfstream jets.

Panama's Supreme Court has annulled the contract for Hong Kong company C.K.

Hutchison to operate two ports at either end of the Panama Canal.

Hutchison can't appeal a Supreme Court ruling, but it can request clarifications that could delay the termination of its operating license.

The ruling hands President Trump a victory for his security ambitions in the

Meanwhile, the Trump administration has moved to reopen commercial airspace over Venezuela and ease some sanctions on its battered oil industry.