Your daily dose of financial news The Brief – 6.6.16

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Some thoughts about why the relatively dismal May employment numbers (just 38k jobs added) isn’t really as bad as it would seem on first glance – NYTimes and Marketplace

Whatever the explanation, the numbers were likely enough to put off the Fed from a once-increasingly on-the-table June rate hike – NYTimes and WSJ and Bloomberg

The Times continues its mandatory arbitration clause series with a Street Scene edition looking at the Finra arbitration requirements built in to the majority of Wall Street employment contracts and the “additional dollop of what seems like bias” that seems inherent in dispute resolution in that forum – NYTimes

Bank of America, Deutsche Bank, and Credit Suisse, among others, are at the heart of new class antitrust allegations over purported manipulated trades in the $9 trillion agency bond market in a SDNY suit filed last Friday – Law360

It’s “Muni Mania” for investors these days, and the elusive search for better yields is at the core of the rush – WSJ

Breakingviews gives us a bit of a feel-good take on shareholder initiatives, arguing that while it’s easy to be jaded (especially when some votes aren’t binding), the democratic process can demonstrably influence corporate direction – NYTimes

Credit Suisse’s newish CEO Tidjane Thiam is facing a mass exodus of bankers who have used their ire over the chief for cutting their pay and blaming them for the $6 billion in losses the bank’s endured under Thiam’s watch as an impetus to hit the road – NYTimes

The SEC’s taking aim at leveraged ETFs as part of its effort to “rein in the riskiest activities of mutual funds” – WSJ

Law360 highlights 6 high court cases that the business world should be watching over the course of the next month – Law360

Keep an eye out for pigs taking to the air, because JPMorgan’s gone [business] cas on us – WSJ and NYTimes

If all goes to plan, the moon will soon (2017 at the earliest) be open to the public thanks to a little-known space startup called Moon Express and its plans to send unmanned missions and payloads beyond near-earth orbit – WSJ

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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