The scales of power could be changing thanks to Trump

The U.S. Consumer Financial Protection Bureau could find its powers scaled back by President-elect Donald Trump and a Republican-led congress.

The bureau was established after the financial crisis to be a watchdog on banks, insurance companies and mortgage businesses.

Some critics say the CFPB has too much power and is not accountable to anyone else.

No vacancy signs are becoming a thing of the past.

Bloomberg reports the signs are now about as useful as a printed map.

Travelers would prefer to use a smartphone app to book rooms instead of zooming down the highway looking for signs.

The Dow posted its best week last week since 2011.

For the week, the Dow rose around 5 point 4 percent.

Analysts say the Republican sweep across Washington should pave the way for tax reform at both the individual and corporate level.

New SUVs will be the stars this week as the press preview of the Los Angeles auto show kicks off.

With gas prices tame and growth in truck sales far outdistancing those of cars in recent years, automakers can’t roll out new or updated SUVs fast enough.

SUVs are generally far more profitable for cars because they generally sell for higher prices, without costing a lot more to manufacture.

Millions of dual smoke and carbon monoxide detector alarms are being recalled because they may fail to warn users that their batteries have reached their limit, making users think incorrectly that the detectors still work.

The detectors have manufacture dates between June 1, 2004, and December 31, 2010.

For more business headlines from the Nasdaq, watch Daybreak Monday through Friday.

Categories: Daybreak, Morning Business Report

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