following reports that former CEO Markus Braun was arrested on suspicion of false accounting. The German fintech company slid 56% at intraday lows on Monday after saying that $2 billion worth of missing cash likely didn't exist.
Futures contracts for major indexes initially on Monday evening after the White House trade adviser Peter Navarrothe US's trade agreement with China was"over." He cited"the lack of trust we now have in the Chinese Communist Party" and blamed the country for the coronavirus pandemic. Dow futures tanked roughly 400 points following Navarro's interview.
The trade adviser quickly walked back his comments, saying they were taken"wildly out of context" and"had nothing at all to do with the phase-one trade deal." President Donald Trump that the agreement was"fully intact." The comments helped erase futures-market losses, and the gains carried over into regular trading.
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