Businesses can't sever ties with Trump fast enough

Deutsche Bank will no longer do business with President Donald Trump. CNN's Christine Romans takes a look at the corporate backlash following the deadly riot at the US Capitol.

Posted: Jan 12, 2021 10:16 PM
Updated: Jan 13, 2021 8:00 PM


Editor's Note: A version of this story appeared in CNN Business' Nightcap newsletter. To get it in your inbox, sign up for free, here.

In today's business news: The Trump business backlash continues, there's a Keurig for ice cream and Las Vegas can't catch a break. Let's get into it.

TRUMP BACKLASH

What a week. In just seven days, the Trump brand has gone from divisive to radioactive. Businesses can't sever ties fast enough and mainstream platforms have silenced the president's accounts. And today, Trump became the only president in American history to be impeached twice.

Here are the latest developments on the business fallout:

NEW YORK 

Officials in New York City announced plans to end the Trump Organization's contracts to operate the Trump Golf Links at Ferry Point, the Central Park Carousel and the Wollman and Lasker ice skating rinks.

'The attacks on our Capitol killed a police officer, left four rioters dead, exposed lawmakers to Covid-19 and threatened the constitutional transfer of power,' the city said. 'They were a national abomination. We're reviewing whether legal grounds exist in light of these new circumstances to terminate concessions with the Trump Organization.'

AIRBNB

In a major escalation of its security efforts, Airbnb is canceling all short-term reservations in the Washington, DC, area next week for Joe Biden's inauguration.

The company said the shift was informed by feedback from its hosts as well as government officials. Airbnb did not say if it would implement any restrictions in state capitals, where the FBI has warned armed protests are being planned.

YOUTUBE

Google-owned YouTube suspended Trump's channel for at least one week, and potentially longer. YouTube had been a holdout — it was the last major social platform to take action against the president in the wake of the Capitol siege. Twitter has banned Trump permanently, and Facebook and Instagram have suspended him indefinitely.

KEN LANGONE

The billionaire GOP donor and Home Depot co-founder said he feels betrayed by the Republicans who attempted to overturn the election. Langone, who voted for Trump in 2016 and gave him credit for improving the economy, said the president 'exhausted everything.' 'Biden is the president,' Langone said on CNBC.

For all the latest on the impeachment effort, follow my colleagues at CNN Politics.

QUOTE OF THE DAY

'This case is about Parler's demonstrated unwillingness and inability to remove ... content that threatens the public safety such as by inciting and planning the rape, torture, and assassination of named public officials and private citizens.'

-- Amazon fired back in its legal battle with Parler, the social media platform favored by the far-right that was booted from Amazon's web-hosting service over the weekend. Amazon is arguing that Parler breached the terms of its contract and that Parler's removal from AWS's hosting platform was a 'last resort.'

HOW ABOUT A TREAT?  

That was a lot of heavy news, let's check in with the lovely nerds over at CES to see what kooky futuristic gadgets they've got to lighten the mood...

Hallelujah. The greatest minds of my generation have finally delivered: The world now has a Keurig for ice cream. It's called ColdSnap, it costs $1,000 and it gives you soft serve on demand, so it's pretty much up there with the Model T and the iPhone in terms of innovation if you ask me.

My colleague Samantha Murphy Kelly has all the details on this heaven-sent doodad.

Speaking of the Consumer Electronics Show...

In a normal January, CES brings in about $169 million in direct spending to Las Vegas. But this year, CES is all virtual, dealing yet another blow to America's hardest-hit metro economy. Alicia Wallace dives into the crisis in Vegas.

NUMBER OF THE DAY

20%

Homeowners are rushing to refinance their mortgages, with applications surging 20% last week. Mortgage rates have been at all-time lows in recent months, but some fear rock-bottom rates won't last.

WHAT ELSE IS GOING ON

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Alabama Coronavirus Cases

Cases: 436087

Reported Deaths: 6486
CountyCasesDeaths
Jefferson63969994
Mobile31211565
Madison27851208
Tuscaloosa21233271
Montgomery19698326
Shelby19093130
Baldwin16981188
Lee13036105
Morgan12526134
Etowah11987179
Calhoun11441206
Marshall10357123
Houston8886158
Limestone827876
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Elmore8120104
DeKalb7828103
Lauderdale7798103
St. Clair7763125
Talladega6394111
Walker6002177
Jackson594644
Colbert545276
Blount543986
Autauga532761
Coffee456762
Dale406883
Franklin372448
Russell349212
Chilton342873
Covington336068
Escambia330144
Dallas312096
Tallapoosa3120107
Chambers301170
Clarke293336
Pike261131
Marion251558
Lawrence250752
Winston232742
Bibb221248
Geneva208746
Marengo206529
Pickens199031
Hale182742
Barbour179337
Fayette177029
Butler172459
Cherokee164330
Henry158224
Monroe151320
Randolph144336
Washington140127
Clay129146
Crenshaw122944
Macon120937
Cleburne120724
Lamar119721
Lowndes113736
Wilcox106622
Bullock102228
Perry99118
Conecuh96821
Sumter90026
Greene76823
Coosa63215
Choctaw51724
Out of AL00
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Tennessee Coronavirus Cases

Cases: 701847

Reported Deaths: 8777
CountyCasesDeaths
Shelby779711168
Davidson72385688
Knox39701432
Hamilton35466337
Rutherford33860294
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Williamson21906144
Sumner18644232
Out of TN1615282
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Wilson14728164
Sullivan12893218
Blount12267132
Washington12102203
Maury11179128
Bradley1108895
Sevier10704120
Putnam10116151
Madison9273183
Robertson782687
Hamblen7172117
Anderson6947114
Greene6719115
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Macon293251
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Henry266958
Overton258846
DeKalb246342
McNairy245442
Haywood243747
Smith234230
Marion233932
Trousdale230315
Scott228832
Hickman227835
Claiborne224932
Fentress215734
Grainger214339
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Morgan193916
Crockett182438
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Bledsoe177011
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Sequatchie140319
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