President Donald Trump will reportedly take aim at financial regulations on Friday, ordering a review of and possible changes to the Dodd-Frank Wall Street reform law, and suspending a conflict-of-interest rule for retirement advisors before it goes into effect this spring, according to several media reports which cite White House sources.
President Trump is also set to meet with several chief executives Friday, including the heads of General Motors (GM) - Get Report , IBM (IBM) - Get Report and JP Morgan Chase (JPM) - Get Report . The Wall Street Journal said that they will discuss issues including regulation, women in the workforce, tax and trade, and infrastructure.
Despite a record holiday season, Amazon (AMZN) - Get Report didn't meet investor expectations. It missed analysts' projections on revenue. Amazon's cloud computing business is the most profitable division and is growing quickly.
The first jobs report of 2017 will be released Friday. Economists surveyed by Bloomberg expect that 175,000 jobs were added and the jobless rate will hold steady at 4.7%.