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Wall Street outpaces Silicon Valley on gender equality

Rebecca Zisser/ Axios

J.P. Morgan CEO Jamie Dimon today said in a CNBC interview that he believes that Wall Street is ahead of Silicon Valley in terms of gender equality. And he's right, based on an Axios analysis of corporate diversity reports for a selection of the country's largest banks and technology companies.

Headline numbers: America's top banks have higher percentages of female employees than do technology companies, by a 48.4% to 33.2% margin.

Still not much to brag about: Both industries still feature few women in leadership positions, with Wall Street eking out a meager 25.5% to 24.8% "win" over tech.

Other findings: In terms of racial diversity, the results are mixed. Wall Street has higher percentages of black and Latino employees, but a much smaller percentage of Asian employees. Tech has more Latino and Asian employees in leadership positions than does Wall Street, which has a slightly higher percentage of black employees in leadership.

Methodology: Axios examined the most recent company-published data from the six largest American banks by market cap (Bank of America, Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley and Wells Fargo) and its five largest tech companies (Apple, Amazon, Facebook, Google and Microsoft), with Uber also added for the sake of including a top startup. For gender breakdowns, we tried to use global numbers where available. Uber was the only included company that did not break out senior leadership demographics.

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Where Trump's steel and aluminum trade war will hit first

Note: Includes only products under the "Iron & Steel & Ferroalloy" and "Alumina & Aluminum & Processing" NAICS commodity classifications. Data: Census Bureau; Chart: Chris Canipe and Lazaro Gamio / Axios

The Trump administration has begun imposing tariffs on imports of steel and aluminum, but several countries are exempted temporarily until May 1, as shown in the chart above. The administration may still apply quotas on exempted countries to prevent a flood of foreign steel and aluminum in the U.S. market, per the White House.

Why it matters: After railroading past a number of his advisors, Trump announced the tariffs on imports of steel (at 25%) and aluminum (at 10%) earlier this month, citing national security concerns. But with the exemption noted above, the tariffs won't carry major bite, at least to start.

Alexi McCammond 5 hours ago
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Trump signs spending bill despite veto threat

Photo: Mark Wilson/Getty Images

President Trump announced that he has signed the $1.3 trillion spending bill that passed Congress last night "as a matter of national security," citing the bill's increase in defense spending, even though he threatened to veto earlier today. "My highest duty is to keep America safe," Trump said. He said he's disappointed in most of the bill.

Key quote: "I will never sign another bill like this again. I'm not going to do it again. Nobody read it. It's only hours old."