Bloomberg asked three of Wall Street’s most respected visionaries, individuals who have spent their careers on the cutting edge of the financial industry, what they see as the greatest risks of the coming decade. Their answers were chilling. —David E. Rovella

Here are today’s top stories 

Six of the biggest money managers donated to Republican lawmakers who objected to certifying President-elect Joe Biden’s 2020 election victory. Political action committees of BlackRock, Vanguard Group, JPMorgan, Fidelity Investments, State Street and Bank of New York Mellon contributed to one or more of those legislators in election cycles since 2016. 

Deutsche Bank and Signature Bank, two of President Donald Trump’s favored lenders, are pulling away from him in the wake of last week’s attack on the U.S. Capitol. Trump owes Deutsche Bank more than $300 million. New York City is also considering pulling its contracts with the Trump’s businesses.

The U.S. House of Representatives is set to issue an ultimatum to Vice President Mike Pence, demanding he invoke his authority under the Constitution to remove Trump from office as a prelude to an expected second impeachment. Trump on Tuesday expressed no regret for urging supporters including white supremacists to march on the Capitol and took no responsibility for the resulting attack on Congress and killing of a police officer. Even his fellow Republicans are beginning to turn on him in his final days. The Washington Post and the New York Times reported that internal FBI documents reveal the agency had prior knowledge of the potential for violence in Washington last week, despite official FBI statements afterwards that it did not. On Tuesday, Justice Department officials sought to address the growing controversy over what the FBI knew and when. Here is the latest on the transition.

Police patrol the U.S. Capitol building.

Photographer: Lev Radin/Pacific Press/LightRocket/Getty Images

Covid-19 deaths in America are likely to climb by at least another 80,000 in the next four weeks as the federal government and states fumble through the vaccine rollout. The U.S., which is imposing new test restrictions on international travelers, will continue to add more than 3,000 deaths a day, pushing the cumulative toll to almost 460,000. This week, Arizona set a new Covid-19 death record and New York lowered the age for vaccine recipients. In the U.K., the race between vaccination and mutation carries a sobering lesson for Europe and the world. Here is the latest on the pandemic.

General Motors CEO Mary Barra is finally delivering the share-price gains that have eluded her, thanks to the company’s plans for electric-vehicles. GM shares closed 45% above its post-bankruptcy initial public offering price. In the broader market, stocks rose and the dollar weakened on Tuesday. Here is your markets wrap.

For a stark illustration of how dominant amateur investors have become, check out the proportion of volume happening in the tiniest stocks. A handful of penny stocks just made up one-fifth of all U.S. volume.

Lockheed Martin’s F-35 remains marred by 871 software and hardware deficiencies that could undercut readiness, missions or maintenance, according to the Pentagon. The assessment outlining the seemingly intractable roster of flaws provides the incoming Biden administration with a primer on the perpetually troubled $398 billion program.

South Korean Air Force F-35 jets at the Seoul International Aerospace & Defense Exhibition in Seongnam, South Korea, in 2019.

Photographer: SeongJoon Cho/Bloomberg

What you’ll need to know tomorrow 

• How China won Trump’s trade war and made America pay for it.
• Michigan plans to prosecute its former governor in Flint water probe.
• More Democrats have Covid-19 after Republicans refused masks.
• Traders are piling into these hawkish Fed bets, but there’s a catch.
• Bloomberg vaccine tracker shows where shots are going out fastest.
• U.S. population growth is at its slowest since World War II.
• This is what happens when Elon Musk sends an unclear tweet.

What you’ll want to read tonight in Businessweek

Florida Prepares for a Wall Street Makeover

Construction cranes pirouette above the skyline in Miami. Porsches are selling briskly in Coral Gables. Over in Palm Beach, the Gucci set is counting new neighbors. The scent of fresh money hangs over Florida these days: it’s all because the masters of the universe are coming to build Wall Street South.

Downtown Miami.

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