What you need to know on Wall Street today

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August 16, 2017 6:32 PM

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

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Where to start?

President Trump on Wednesday announced that he was scrapping his strategy and manufacturing councils, after members of the Strategy and Policy forum reportedly decided to disband the group. The manufacturing council had suffered an exodus of members stepping down, meanwhile.

Here's what's happened in the last 24-hours:

"Not all of those people were neo-Nazis": Trump blames both sides in Charlottesville protests and melts down at the "alt-left"
The head of America's largest labor union left Trump's manufacturing council on Tuesday citing a "President who tolerates bigotry and domestic terrorism"
On Wednesday, 3M CEO Inge Thulin also announced his decision to step down from the council.
Walmart's CEO slammed Trump for failing to "unequivocally" reject white supremacists
Trump then tweeted that he is scrapping his business councils after the massive exodus of executives
Trump's top economic adviser, Gary Cohn, is reportedly "disgusted" and "appalled" with Trump's Charlottesville response
Trump attacked Amazon, saying it's "doing great damage to tax paying retailers"

In other news, t

It's time to worry about China's "dangerous" debt, according to the IMF. And now's the time to revisit China's clearest warning to Trump since his election, according to Business Insider's Linette Lopez.

Lastly, Aston Martin just delivered its first luxury boat — and it looks amazing.

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