So, it turns out that all of the Brexit-style market freefalling was reserved for overnight trading. US markets actually closed up yesterday after modest opening losses – WSJ

And, some thoughts on why – NYTimes

What does it all mean for business?  The prime guesses include far fewer business regs, for one [NYTimes and WSJ], quicker action on rates from the Fed [NYTimes], mega-deficit spending [NYTimes], and a mixed bag for banks [NYTimes], though truth be told, Trump’s shifting positions on these and other issues make the future awfully uncertain all around – WSJ

Yahoo’s hacker problems may go beyond the disclosure and impact on the Verizon deal.  As in, they may be current – WSJ

PHH will pony up $28 million to NY’s Dep’t of Financial Services to end a probe into its mortgage origination and servicing practices – Law360

London-based trader Navinder Sarao has pleaded guilty in federal court in Chicago to spoofing charges in connection to the 2010 Flash Crash after being extradited by the UK on Monday – WSJ and Law360

The DOL has already employed its recent win in a DC federal court on the propriety of its fiduciary rule, citing the decision to a Texas federal judge hearing a challenge to the rule by trade groups that include the US Chamber of Commerce – Law360

Narwhals: not a mystical unicorn of the seas.  However, pretty impressive nonetheless considering their ability to see with sound – NYTimes