6.97

As in the Chinese yuan fell to 6.97 vs the dollar, its weakest ever, but then reversed as the Tweeter-in-Chief suggested a potential breakthrough on trade after a phone call with President Xi.
#GuessWhoWatchesMarkets

26

As in tax refunds next year could jump 26% because withholding tables this year don’t fully reflects changes enacted by tax reform, according to Morgan Stanley.
#YesPlease

53

As in 53% of ETFs have seen outflows over the past 3 months, the most since 2014 (Bianco Research).
#WayTooManyBears

“Big bank stock valuations have been driven down to recession levels by fear of a slowdown.” 
–Morgan Stanley Head of Bank Research, Betsy Graseck

#AgreedAndItsAbsurd

“We don’t know who is responsible… everyone has their own theories. Doing business with Saudi Arabia is not something I’m ashamed of.”
–BlackRock CEO Larry Fink responding to questions about the firm’s longstanding relationship with the Kingdom, given uncertainty around Jamal Khashoggi’s death. 
#ThreadingTheNeedle 

“We are going through an effort to right-size our business and allocate resources to future growth areas.”
–NBCUniversal spokesperson commenting on 50 layoffs in the advertising department as ad buying becomes increasingly automated.

#JobsForRobots