PM Theresa May’s call for a snap election looked a lot better a few weeks ago than it does on the morning after.  But regardless of the outcome (hung parliament, anyone?), the pound sterling sure took it on the chin – NYTimes and WSJ and Bloomberg

With the traditional retail sector looking gloomier than ever, the family behind the still-bright Nordstrom chain is considering taking the company private again – NYTimes and WSJ and Bloomberg

The House’s Dodd-Frank-erasing Financial Choice Act passed the House yesterday, but it’s expected to face an uphill battle in the Senate, where Republicans lack the necessary votes to get it to the White House – NYTimes and WSJ and Law360

Law360 offers us some heavy-hitter analysis of the High Court’s recent Kokesh ruling that limited the SEC’s claw-back powers – Law360

Streetwise weighs in on Santander’s recent bailout of rival Banco Popular and sees contingent convertible (CoCo) bonds at Popular at the heart of the bank’s failure—itself a troubling sign for a product intended to prevent such a fate  – WSJ

Alibaba’s expecting a banner year in revenue—a sign of good things to come not just for the e-commerce giant but a strong indication of a powerful China (especially online) – NYTimes

Let’s not exaggerate here.  Eight days straight of flying across the US isn’t exactly Oregon Trail stuff (nary a dysentery death in sight), but it’s still a fascinating look at the current state of air travel in the US – NYTimes

Have a great weekend.