Your Daily Dose of Financial News

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Some analysis of Friday’s less-than-booming jobs report – NYTimes and Bloomberg

And a look at Fed Chair Powell’s first major remarks on the state of the economy and the potential effects a trade war would have on the Fed’s plans to boost interest rates – NYTimes and Bloomberg

Both of which helped push stocks off a cliff on Friday and were a likely motivator for Treasury Secretary Mnuchin’s assurances this weekend that the administration’s much-buzzed-about China penalties are far from final – WSJ

Deutsche Bank’s non-John Cryan future will likely be in the hands of retail-banking chief Christian Sewing – WSJ and Bloomberg

By all accounts, Zuck is cramming for his two days of appearances on the Hill this week and sparing no expense in the process – NYTimes and WSJ

The Journal puts our current trade deficit and threatened skirmish with China in context by invoking the 80s, where the US’s big trade fight was with Japan, and noting that the two eras “are as striking for their differences as they are for their similarities.” Plus, no “Mr. Mom” or “Gung Ho” yet – WSJ

The SEC, armed with a fresh court order, is freezing nearly $30 million in trading “proceeds allegedly gained through the illegal sales of unregistered shares of Longfin Corp.,” a fintech firm who saw its stock soar last year after it announced it was acquiring a purported cryptocurrency business – Law360

We’ve heard an awful lot about the omnipresent security state in China but precious little about the pervasiveness of Big Brother in India, where Aadhaar—the gov’t’s ID system of “unprecedented scope”—looks to collect and connect data for all of the country’s 1.3 billion residents – NYTimes

SDNY Judge Naomi Buchwald has approved roughly $340 million in settlements from HSBC and Deutsche Bank to resolve accusations that they manipulated Libor – Law360

If Wells Fargo has its way, a post-sham-accounts comeback could come in the auto products and services area—particularly in the “aftermarket products” realm – WSJ

Love this look from the Times’ Travel section at what our choices of souvenirs say about us (and about our ancestors) – NYTimes

MDR