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The wait for Dow 20K drags on, Apple's iPhone turns 10 and the Detroit Auto Show revs up

Yahoo Finance

Stocks started the day mixed as the wait for Dow 20K drags on and investors get ready for the beginning of fourth-quarter earnings season.

Here are some of the other stories the Yahoo Finance team is covering for you today.

Trump cloud hangs over Detroit
Fiat Chrysler (FCAU) may be trying to avoid a fight with Donald Trump as the Detroit Auto Show gets underway. The company announced it will invest $1 billion to upgrade plants in Ohio and Michigan, creating 2,000 new jobs. The news comes after Ford (F) scrapped plans to build a plant in Mexico and said it will invest $700 million in a factory in Michigan instead. Meanwhile, General Motors (GM) CEO Mary Barra says her company will not move small-car production to the US from Mexico in the wake of Trump’s criticism of the automaker’s imports. How will Trump respond?

McDonald’s sells in China
McDonald’s (MCD) is selling 20-year rights for 80% of its business in China and Hong Kong to investors led by state-owned Chinese conglomerate CITIC and Carlyle Group. The deal is valued at about $2.1 billion. Why is the fast-food giant giving up control in the world’s second-biggest economy?

Apple’s iPhone turns 10
It was a decade ago today that Steve Jobs introduced the world to Apple’s first iPhone, launching what would become one of the most iconic products in history, with more than one billion units sold so far. Apple fans are now waiting for the iPhone 8, which many expect this fall. How can new CEO Tim Cook keep growing as iPhone sales slow?