What you need to know right now

You could hear it in every earnings call, and see it in every analyst note. There's a lot going on in the world, and one group of traders stands to benefit.

From JPMorgan to Morgan Stanley, Goldman Sachs to Citigroup, executives highlighted their macro trading businesses, the units that help clients bet on moves in interest rates and in the foreign exchange market — the financial instruments most sensitive to shifting political winds and economic uncertainty.

Speaking of which,

TRUMP: "This American carnage stops here"
Boeing, Chevron, and other huge companies are spending $90 million on Trump's inauguration
The stock market is booming, but Trump can't take all the credit
Trump is creating a huge problem for the future of the auto industry
BREMMER: "The Pax Americana ... is over"
GEORGE SOROS: Trump is a con man and he will fail
LARRY FINK: "We are going to be living a world of a strong dollar"
Democrats are wearing "Protect Our Care" pins at the inauguration to protest the repeal of Obamacare
President Obama made one of history's greatest stock market calls in March 2009
Here's how much debt the US government added under President Obama

In other news, Wall Street has found a company that Donald Trump would love to beat up on.

The giant Walgreens-Ride Aid merger could be in trouble, and their stocks plunged. And Bristol-Myers shares are sliding after some bad news on its lung cancer drug.

A top investment expert at a $487 billion fund talked to us about her outlook for 2017, Europe and Trump. And we talked to one of Wall Street's top Japan experts about the BOJ, Abenomics, and the future of the yen.

Donald Trump's Treasury Secretary nominee Steven Mnuchin had his confirmation hearing on Thursday. Here are the headlines:

Trump's Treasury pick failed to disclose $100 million in assets — until the last minute
MNUCHIN: The US may need 'a 21st century version' of Glass-Steagall'
A Democratic Senator grilled Mnuchin over Trump's debt to foreign countries
Mnuchin has a history with Sears that shows why going from business to government is a minefield
" rel="noFollow"This is the seventh time I've asked": Republican senator grills Trump Treasury pick over foreclosure profits

In tech news, the world's largest asset manager is loading up on Apple. And

bunch of architects want to build a $26 billion underwater city in Tokyo.

A manager at a one-time $8 billion hedge fund has been reportedly found guilty of securities fraud - A one-time portfolio manager at a New York hedge fund that shuttered last year amid an insider trading scandal has been found guilty of federal securities fraud

MORGAN STANLEY: A 'correlation crash' is happening in the markets -

A big part of the American Dream is dying -

JPMorgan hikes Jamie Dimon's pay to $28 million -

CASHIN: The stock market may be about to enter "weeks, or even months of struggling" -

HSBC is cutting about 100 senior bankers around the world - H

Trump's infrastructure plan probably won't provide a big boost to metals -

Former Chancellor George Osborne just got a job at the world's biggest asset manager -

Japan is the cheapest stock market in the developed world - Last year, the markets were distinguished by a lack of persistence. In many respects, investor behavior in the second half of the year was the mirror image of the first six months. However, one element remained consistent, at least among U.S. investors: a preference for domestic over international equities.

What you need to know right now

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