What you need to know on Wall Street today

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July 5, 2017 6:07 PM

Hello. Here's what you need to know on Wall Street today.

Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours.

Does Minneapolis Fed president have any dovish allies on the Fed's Open Market Committee who are skeptical of further interest-rate increases, or is he all alone in dissenting against more hikes this year?

That's the main question investors will be looking to answer as they rifle through minutes from the central bank's June meeting, due out Wednesday at 2 p.m. ET. Check back here for the latest from the Fed minutes.

In markets news, Worldpay shares dropped sharply after it agreed to a £9.1 billion deal with Vantiv. One of the market's hottest trades just had its biggest day yet. And war with traders over the future of bank stocks

Deutsche Bank has made another big hire focused on dealmaking in the tech sector. The hedge fund famous for betting against the 'London Whale' is closing its London office. A new survey shows a lot of young Wall Streeters want out. And the world's oldest bank has a plan to leave the "emergency room" and return to profit.

Everyone is focusing on five things they can't control, according to Jefferies. A former banker who raked in $100 million for Morgan Stanley is fighting for his bonus check. And hedge fund titan Ken Griffin described the "incredibly humiliating" moment his firm nearly went under.

biggest bitcoin exchanges has been hackedAmazon and Google share priceswere wrongly reported down more than 80% after test data went live.

Exxon got stuck in the middle as Russia-US relations broke down — and needs a solution soon.

It looks like demand for Teslas has peaked, according to Goldman Sachs. Tesla's stock price is down nearly 5% on the day.

Lastly, here's what it's like to spend July 4th in the most expensive vacation town in America.

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