Daily Rewind: That Monday fog

Congratulations, you survived another Monday. And tbh, this one felt particularly grueling. While you were nodding off 😴 in your cubicle, here’s what happened in the business world:

Shannon Gupta
CNN MoneyStream
2 min readMar 27, 2017

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  1. President Trump’s stock market rally takes a beating. Wall Street is nervous after Trump failed to repeal and replace Obamacare last week. The Dow closed down 46 points, it’s eighth-straight down day in a row. That’s the longest slide in 6 years. The slump reflects growing worry among investors that Trump’s other bold promises, like sweeping tax reform and infrastructure spending, could also fall through. Read more from CNNMoney’s Matt Egan.
  2. Uber’s self-driving cars are back in San Francisco. The company’s self-driving cars hit the road again today, 3 months after regulators halted the program. San Francisco blocked the program in December after Uber failed to apply for permits. The announcement follows a weekend crash in Arizona that grounded Uber’s test cars in Pittsburgh and Arizona. Uber says it expects those vehicles to be back on the road again soon. The company began testing self-driving cars in Arizona after San Francisco’s initial decision. Read more from CNN Tech’s Selena Larson.
  3. “Fearless Girl” will stare down the Wall Street bull for another year. The popular statue was supposed to come down on April 2, but thanks to worldwide support and a growing online petition, she’ll be standing strong until Feb. 2018. The statue was erected earlier this month across from Wall Street’s iconic charging bull. She was installed by State Street Global Advisors to advocate for getting more women on corporate boards. NYC Mayor Bill de Blasio says “Fearless Girl has fueled powerful conversations about women in leadership,” but critics argue the statue is more of a corporate marketing ploy than a message of female empowerment. Read more from CNNMoney’s Danielle Wiener-Bronner.

💡 The CEO of Newsela, Matthew Gross, is curating The Big Idea stream this week. See what he’s reading in the CNN MoneyStream app! 📰👀

Want more solid reads? Check these stories out:

Canada’s pot stocks are surging over reports of a legalization date (Bloomberg)

Senate to question Trump’s son-in-law Jared Kushner in Russia probe (NYT)

Bill Gross settles suit against Pimco for $81 million — and a nameplate (CNBC)

That’s all for today. You may now *officially* say goodbye to this hilariously dreadful Monday 👋. We’ll see you on the other side.

Thoughts? Feelings? Glaring typos? Let us know. CNNMoneystreamfeedback@turner.com.

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Shannon Gupta
CNN MoneyStream

CNN journalist, 🐶🐱 mom & proud @Columbiajourn alumna. Email me: shannon.gupta@cnn.com.