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What you need to know on Wall Street today

Published by Business Insider on Mon, 01 May 2017


Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours.For all the talk of robots replacing humans on the job, in schoolsand even in bed, students at Everett Community College in Washington State are preparing for a robot future.A steady stream of laid-off workers have come to the college for retraining, says Ryan Davis, the college's dean since 2013. Many are in the school's technology and robotics programs, and the school's proximity to a large Boeing facility makes the aerospace program a popular one.The notion that workers' skills can suddenly become obsolete highlights a lively debate over how much and how fast technology will take over the workplace.Against that backdrop, a number of policy solutions, many still controversial, have begun to circulate.There's a bunch of news in the world of politics, economics, trade and taxes. Here are the headlines:Congress has reached a budget deal to fund the federal government through SeptemberCOMMERCE SECRETARY: Trump won't trade American jobs for China's help on North KoreaTrump is claiming credit for something China did years before he was electedMNUCHIN TELLS WALL STREET: "You should all thank me for your bank stocks doing better"LOPEZ: Trump has turned his back on the one thing that makes the world rich and happyDA COSTA: A red flag is popping up that should make the Fed stop raising interest ratesManufacturing sector grows slower than expected in AprilAn American jobs threat worse than coal is coming to your hometownByron Wien explains simply why America's wealth inequality is getting worseIn markets news, one of the biggest pillars of the stock bull market is crumbling.And a star Wall Street fund manager is getting it all wrongThe Children's Investment Fund, a $14.5 billion hedge fund based in London, has gotten off to a strong start to the year. Chris Hohn, the head of the fund, told investors thatan acquisition byInterContinental Exchange (ICE) ofthe London Stock Exchange would make a lot of sense.And a hedge fund is making a big bet on J. Crew, and it could determine whether it avoids bankruptcy.Online lending has reached a tipping point, according to Charlie Moore at Global Debt Registry.In autos, GM isn't worried about Tesla's Model 3.Carlos Ghosn saved Nissan ' here's his plan to do it again at Mitsubishi. AndIndian's Springfield and Chieftain are driving a new American motorcycle rivalry with Harley-Davidson.There's a bunch of tech, media and telecoms news. Here's what you need to know:What to expect from Apple's upcoming earningsFacebook hits an all-time highAlphabet's chairman charged the company $1.9 million for use of private planes last yearCloudera founder: Why investors are "thrilled" my company is worth $2 billion less after our IPOGoogle's CEO got a massive raise last yearDish Network loses twice as many subscribers as expectedOne slice of the market threatens to ruin the S&P 500's clean earnings sheetTwenty-First Century Fox in talks with Blackstone to buy TribuneTwitter is surging after announcing it's teaming up with Bloomberg on a streaming news serviceLastly, aphotographer spent 25 years documenting rich people ' here's what she learned.SEE ALSO:The 27 most important finance books ever writtenJoin the conversation about this storyNOW WATCH: SCOTT GALLOWAY: Investing in Snap is something 'no one responsible should ever do
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