Saudi Arabia Mohammed Bin Salman has Tough week, US’s Block of Arms Sales Shows Tide is Turning Against The Rogue Prince
The Dow had its worst Christmas Eve ever, dropping 653 points to close at 21,792 — and all 11 of the S&P 500 sectors are now in negative territory in 2018, Bloomberg reports.
Why it matters: Treasu
Treasury Secretary Steven Mnuchin
Flashback: 82 days ago, the Dow closed at a record high — 26,828 — on a day where this newsletter focused on the Khashoggi coverup and the power shift driven by #MeToo.
Driving the news: “Mnuchin convened a call [today] with top regulatory officials … to discuss coordination efforts to assure normal market operations. Regulators on the call said that markets were functioning normally…” [WSJ]