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Good morning.

From the Newsroom of the Financial Times.

Today is Wednesday, January 9th,

and this is your FT news briefing.

Here now, it's the President.

My fellow Americans.

Tonight, I am speaking to you because there is a growing humanitarian and security crisis at

our southern border.

That's U.S. President Donald Trump in a national address on Tuesday night. He claimed there's a crisis at the US-Mexico border,

that the FT's Jude Weber is here to tell us the reality of the situation there.

But first we'll be looking at where World Bank President

Jim Yong Kim is headed, yet another defeat for Theresa May's Brexit deal in the

House of Commons, and new sanctions on Iran by the EU.

I'm Eric Krupky and here's the news you need to start your day.

World Bank President Jim Yon Kim will leave his position to join a New York-based private equity fund called global infrastructure partners.

The fund invests in wind farms, transport, and the water and waste industries. Mr. Kim served as World Bank President since

2012 and he'll officially exit on February 1st. He'll have a one-year cooling off period where he won't be able to do

business with the World Bank.

Mr. Kim's move to Wall Street stunned staff and directors.

The World Bank's main concern is to insulate Mr. Kim from possible conflicts of interest.

...