Goldman Sachs is now recommending owning service-related stocks rather than stocks that produce goods because they are less likely to be impacted by the trade war with China. Scott Gamm has the details from the floor of the New York Stock Exchange.
Sarah: Deutsche Bank was one of the only large western banks to continue to lend to Trump following bankruptcies of his casinos and other businesses in the 1990s. The German bank in recent years has loaned Trump about $300 million. The lawmakers also are seeking details on who was involved in a money laundering case in Russia that resulted in a $630 million US fine against the bank in January 2017, the source added. Growing scrutiny over Deutsche Bank's relationship with Trump adds to the list of concerns facing the bank.