Macron's victory; Buffett on India; Kushner's sister in China

Profitable Moment   Anti-EU sentiment dead? Not so fast The CAC 40 in Paris fell nearly 1% today. The euro also gave back some of its recent gains. All in all, it's a somewhat odd reaction considering the pro-EU candidate Emmanuel Macron won the presidential election by a landslide!     Of course, it was a classic case of 'buy on the rumour, sell on the news.' The markets had already rallied on the prospect of Macron winning. Today it was merely giving back some of the gains.   But Angela Merkel's party just won big in a regional election in Germany as well. She is now set to consolidate her power and could win a fourth term as Chancellor. And still, the euro can't rally further.   It would be a mistake to think that the euro's woes are over. The Brexit negotiations could go badly wrong; and there are parliamentary elections in Italy in the next 12 months. The anti-European M5S party is leading in some Italian polls. If they do well, that would re-ignite questions about the euro's stability. So breathe a sigh of relief following the results in Paris. Just don't put those indigestion tablets away yet! -Richard.Quest@cnn.com  What's new... what's next   By Matt Egan, Julia Horowitz, Patrick Gillespie and Paul R. La Monica of CNNMoney 1. Kushner family to China: invest & immigrate! Nicole Kushner Meyer is the sister of Jared Kushner, who is one of the top advisers to President Trump and husband to Ivanka Trump. Over the weekend, she advised a group of wealthy Chinese individuals to invest $500,000 in the U.S. in exchange for a visa. Meyer even mentioned her brother at the event in Beijing on Saturday, meant to promote a property being developed by the Kushner's family business. While Meyer's suggestion was legal, it raised all kinds of ethical red flags.   2. Why hasn't Warren Buffett invested in India? Warren Buffett admits he "blew it" by missing out on Google and Amazon. The Oracle of Omaha also acknowledged that Wells Fargo, Berkshire's biggest holding, made a "huge, huge, huge error" by failing to act on early warnings about fake accounts. Is Buffett also making a mistake by not investing in India? He said the potential in India is "incredible." But he complained of "restrictive laws" that prevent foreign firms from fully owning companies in India. 3. Russia blocks popular Chinese app WeChat China's WeChat, backed by tech conglomerate Tencent, is no longer available in Russia. It's the latest sign of a crackdown by Moscow against some foreign websites. Tencent said it's in discussions with "relevant authorities" in Russia about the situation. But Russia, ironically enough, is increasingly taking a page from China's playbook and blocking sites it views as a potential political threat. Japan's Line and Microsoft-owned LinkedIn have been banned in Russia too. 4. Coach buying Kate Spade in $2.4 billion deal Coach has bagged itself a deal. The luxury handbag maker announced plans to scoop up competitor Kate Spade for $18.50 per share -- a nearly 30% increase from where the stock was trading prior to sale rumors. Coach said it expects the deal to close by the end of the third quarter and plans to preserve Kate Spade's "brand independence."  5. Quick Takes: Republican push to repeal the Affordable Care Act jeopardizes health care jobs Puerto Rico's economic misery -- surging unemployment and billions in debt Delta cancels media event as PR problems for it and other airlines grow OPEC has run out of options to prop up crude prices. How low can oil go? Macy's, Kohl's and JCPenney hope to prove traditional retailers aren't dead yet Here's why the stock market has been stuck in a rut for the past two weeks 6. What's next: Are more Americans quitting? Hiring regained momentum in April as the US unemployment rate fell to a decade-low of 4.4%. Another way to measure the strength of the job market is to look at whether workers are confident enough to quit their job, typically to accept a better offer. Keep an eye on the "quit rate" in the JOLTS report, which is due out at 10 a.m. ET on Tuesday. SeaWorld still slumping? SeaWorld has had a rough four years as a public company. Concerns about SeaWorld's treatment of animals, triggered by the "Blackfish" documentary that aired on CNN, have hurt its attendance figures and stock price. Investors are hoping for evidence of a turnaround when SeaWorld reports earnings Tuesday morning. Disney, Murdoch, Priceline & more: Bob Iger will be in the spotlight Tuesday afternoon as Walt Disney's results are on tap. Look for Disney to offer more details about the health of ESPN and its theme parks. Earnings are also due out from TripAdvisor, Nvidia, Priceline as well as News Corp., the publishing arm of Rupert Murdoch's media empire that owns the Wall Street Journal and the New York Post.   Make this newsletter better. Please send us your feedback to CNNMoneyfeedback@turner.com Share Tweet Forward Sign up for CNN Money's morning markets newsletter: Before the Bell Sign up for CNN Money's closing markets newsletter: Markets Now Copyright © 2017 Cable News Network, LP, LLLP. A Time Warner Company. All Rights Reserved., All rights reserved. You're receiving this newsletter because you opted in at cnn.com or cnnmoney.com. Our mailing address is: Cable News Network, LP, LLLP. A Time Warner Company. All Rights Reserved. One CNN Center Atlanta, GA 30303 Add us to your address book unsubscribe from this list    update subscription preferences