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What you need to know on Wall Street today

Finance Insider is Business Insider's midday summary of the top stories of the past 24 hours.

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The first round of the French election is over, and investors can start moving on.

With 97% of the results reported, centrist Emmanuel Macron was ahead with 23.9% of the vote, followed by Marine Le Pen, the far-right candidate, with 21.4%.

  • Global markets ripped higher
  • European stocks had a huge day
  • The euro surged
  • Bank stocks are taking off
  • Gold is getting crushed
  • The market's fear index is plunging at the fastest pace since Trump's election
  • DEUTSCHE BANK: Stop looking at France and concentrate on another huge risk to the EU — Italy
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JPMorgan just announced a big shakeup in its trading business. And we asked six Wall Street recruiters about the hottest trends in hiring.

In other news, Starbucks is entering a new era — and four jokes reveal the biggest problems haunting its business.

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Sears just lost its CFO for the second time in six months ahead of a looming financial deadline. The company's turnaround timeline is shrinking — and it could be next in line to declare bankruptcy.

The lawyer for the man dragged off a United flight "like a sack of potatoes" wants the company to pay. In related news, airlines are destroying a main pillar of the stock market rally.

A city in Illinois realized it was spending a lot of money on one drug, so it sued the maker.

The success of Tesla's Model 3 hinges on a risky assembly-line strategy. And this chart explains why Tesla has been making history.

Lastly, the team behind the best restaurant in the world is opening a new fast-casual concept in New York City.

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Canada is launching an experiment that will give 4,000 people free money until 2020 - Finland, The Netherlands, and San Francisco, California have already shown their interest in giving people a regular monthly allowance — a system known as basic income.

A Tesla bull makes his case: "We think it's real .... it's a good car. That's not a fluke" - Business Insider's Matthew DeBord sat down with Morgan Stanley auto and mobility analyst Adam Jonas for Episode 3 of The Bottom Line with Henry Blodget.

Ford, GM, and FCA are reporting earnings this week — here's what to expect - General Motors, Ford, and Fiat Chrysler Automobiles will all report first-quarter earnings this week.

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We took a helicopter to dinner at the Rockefeller Estate with the most powerful business players you've never heard of - Last Thursday evening, some of the world's most innovative minds joined each other for dinner at one of the country's most storied old-money estates.

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