Jobs report Friday again. Here are the 5 Things the Journal told you to watch – WSJ (and NYTimes)
The Upshot’s not saying that a 2016 recession is inevitable, but if it does happen, this may be the path that takes us there – NYTimes
Here’s a fascinating look at “just how much some investors are willing to give up to gain a piece of the hottest start-up.” The start-up: Uber. The investors: Morgan Stanley’s well-heeled set. What they gave up: any financial details about Uber (and direct equity in Uber) – NYTimes
Big-three ratings agency Moody’s has slipped the bonds of a federal whistleblower FCA suit in which a former managing director claimed it “gamed its ratings of troubled mortgage securities,” as SDNY Judge William Pauley dismissed the case for a failure to show that Moody’s “caused false claims to be made to the government” – Law360
The Journal reports that capital controls—“long shunned by economists”—are making something of an intellectual comeback as a potential solution for the “inherent volatility of global capital flows” – WSJ
Turns out that “relentlessly rising” U.S. Dollar is a bit more fickle than originally thought – Bloomberg
UK traders are about to face new high-speed trading accountability rules, courtesy of Britain’s Financial Conduct Authority – NYTimes and Law360
Senators Leahy and Franken introduced a bill yesterday aimed at strictly limiting the use of arbitration—a requirement embedded in “tens of millions of contracts” often intended to prevent consumers from joining class-action lawsuits. The effort is expected to face “intense opposition” – NYTimes
Speaking of Congress, let’s give Martin Shkreli credit where it’s due—he achieved the near impossible by so frustrating lawmakers with his refusal to testify that the verbal beating he took extended across the aisle. He celebrated this feat by taking to Twitter after the hearing to call his questioners “imbeciles” – NYTimes and WSJ
Seems like an appropriate time for a long-read on the “unstoppable . . . machine” that is the NFL—which, despite its (or maybe because of?) scandal and drama and brutality, raked in $12.4 billion in total revenue in 2015 and seems only to grow in popularity – NYTimes
Have a good weekend