Jan 18, 2017

Trump's Goldman Sachs surge

Evan Vucci, Richard Drew / AP

Trump is adding to his Goldman crew, per Axios' Mike Allen. Jim Donovan is Trump's first choice for undersecretary of domestic finance. The others:

  1. Dina Powell, head of philanthropic investing at Goldman, will be Trump's economic assistant.
  2. Steven Mnunchin, former partner at the firm, will be Treasury secretary.
  3. Gary Cohn, former Goldman Sachs President, was named to the top White House economic post.
  4. Stephen Bannon, former M&A banker, will be chief strategist.
  5. Jay Clayton, who advised Goldman during the recession, was nominated as SEC chairman.
  6. Anthony Scaramucci, who began his career at Goldman, will be Trump's top advisor and White House liaison.

Trump's election win has also helped bolster Goldman shares, which have flirted with an all-time high as investors anticipate laxer financial regulation, lower taxes and pro-growth policies, according to the WSJ.

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Stocks fall 4% as sell-off worsens

A trader on the floor of the New York Stock Exchange. Photo: Johannes Eisele/AFP via Getty Images

Stocks fell more than 4% on Thursday, extending the market’s worst week since the financial crisis in 2008 following a spike in coronavirus cases around the world.

The big picture: All three indices closed in correction territory on Thursday, down over 10% from their recent record-highs amid a global market rout.

Coronavirus updates: California monitors 8,400 potential cases

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

33 people in California have tested positive for the coronavirus, and health officials are monitoring 8,400 people who have recently returned from "points of concern," Gov. Gavin Newsom said Thursday.

The big picture: COVID-19 has killed more than 2,800 people and infected over 82,000 others in some 50 countries and territories. The novel coronavirus is now affecting every continent but Antarctica, and the WHO said Wednesday the number of new cases reported outside China has exceeded those inside the country for the first time.

Go deeperArrowUpdated 1 hour ago - Health

Watchdog opens probe into VA secretary over handling of sexual assault claim

VA Secretary Robert Wilkie on Fox Business Network’s "The Evening Edit" on Jan. 7. Photo: Steven Ferdman/Getty Images

The Department of Veterans Affairs Inspector General Michael Missal said Thursday he had opened an investigation into VA Secretary Robert Wilkie after lawmakers demanded an inquiry into his handling of a sexual misconduct report, the Washington Post reports.

Context: Wilkie allegedly "worked to discredit" the credibility of Democratic aide and veteran Andrea Goldstein after she reported last fall "that a man groped and propositioned her in the main lobby of the agency's D.C. Medical Center," a senior VA official told the Post.