Stocks decline on Tuesday morning as U.K. Prime Minister Theresa May outlines long-awaited plans for Britain's exit from the European Union.
The Skybridge Capital fund of hedge funds founder will serve in the White House under President-elect Donald Trump.
Donald Trump is already moving markets -- with his tweets. As the president-elect reveals plans for his first 100 days, big U.S. banks could get a windfall from heightened trading.
Like JPMorgan Chase and Bank of America, Morgan Stanley benefited from a surge in global trading as Trump's policy pledges prompted speculation that inflation will pick up speed.