What you need to know on Wall Street today – Business Insider

Donald TrumpPresident Donald Trump pauses to listen to a question after signing a memorandum calling for a trade investigation of China, Monday, Aug. 14, 2017, in the Diplomatic Reception Room at the White House in Washington. AP Photo/Alex Brandon

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

President Donald Trump’s manufacturing council of business leaders has lost four of its members amid fallout from Trump’s handling of the white-nationalist protests in Charlottesville, Virginia, over the weekend.

Merck CEO Kenneth Frazier, the only black business leader in the group, resigned after Trump initially failed to explicitly denounce white nationalists. Later Monday, Under Armour CEO Kevin Plank joined Frazier in leaving the council

That same night, Intel CEO Brian Krzanich released a statement saying he too was stepping down from the council. And on Tuesday, Scott Paul from the Alliance for American Manufacturing announced that he would step down.

Here’s the latest: 

In related news, several CEOs are voicing the same complaint about one of Trump’s biggest brags.

In Wall Street news, Deutsche Bank just named a new CEO for the US. Massive quant hedge funds run by AQR and Two Sigma are losing to humansHot fintech startup Personal Capital has amassed nearly $5 billion from people willing to hand over their bank logins

And VanEck filed to launch a  Bitcoin ETF a day after a senior exec at the $25 billion fund called it “a fad.”

In deal news:

In markets news, stocks are looking unstoppable, according to Business Insider’s Joe Ciolli. 

Lastly, the CEO of jobs site Glassdoor shared his number one tip for job-seekers.

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