No fear on Wall Street; Australian airlines CEO has pie on face; Google takes on Uber's self-driving business

Profitable Moment   Pie in the face for airlines CEO  CEOs have to put up with a lot. Tough economic times. Strikes. Take overs, truculent shareholders. Few face what Alan Joyce, the CEO of Qantas has just suffered when a lemon meringue pie was squashed into his face as he gave a speech in Perth. The assailant was a suited elderly gent. So far, we have not been given any reason for this culinary assault. Pie attacks aren't new. Media mogul Rupert Murdoch was famously attacked with a pie while giving evidence to a British House of Commons Committee during the hacking scandal. His then wife, Wendy Deng, famously retaliated with a right hook to the assailant. It's tempting to see this as a funny event. That's a mistake. The Joyce incident was serious not because his dignity was hurt – he handled it with customary Irish wit. No, because it could have been a more dangerous attack than a lemon meringue pie.  By all means argue, shout, swear, hurl abuse…But no CEO doing his job, good or bad, should have to put up with being pied in such a way.  -Richard.Quest@cnn.com  What's new... what's next   By Matt Egan, Patrick Gillespie, Julia Horowitz  and Paul R. La Monica of CNNMoney 1. Wall Street's fear gauge slips to 23-year low Volatility has vanished on Wall Street. The VIX has plunged to the lowest level since December 1993. To put that into context, that was the month President Clinton signed NAFTA into law. The lack of turbulence is a relief to many investors still scarred by the 2008 financial crisis. But others worry that easy-money from central bankers has lulled Wall Street into a false sense of security. "Too little vol is too much of a good thing," said SocGen's Kit Juckes. 2. Snapchat gets ready for first 'earnings' report Snap Inc.'s big post-IPO stock gains have quickly disappeared. Analysts are skeptical that Snap, which is expected to post a loss when it releases its first quarterly report on Wednesday, can gain a lot more users now that Facebook and Instagram are copying many of Snapchat's features. But Snapchat is also changing to be more like Facebook. It is now letting recipients of Snaps view the message as long as they'd like. Snap just introduced lopping videos too. 3. Trump wants to revive 1933 banking law Nearly 20 years after being killed by Congress, Glass-Steagall is making a comeback. One problem: no one knows what a revival of the Depression-era banking law should look like. The original law banned traditional banks from doing the riskier work of investment banks. Glass-Steagall's repeal cleared the way for the creation of mega banks like Citigroup. Now, Trump is looking at a "21st Century Glass-Stegall." But there's confusion over what that means, in part because there are multiple proposals floating around. 4. School lunch shaming: The hidden debt crisis It's the American debt crisis no one's talking about. Across the US, 76% of school districts have kids with lunch debt -- and teachers and cafeteria workers describe the consequences as heartbreaking. When a student doesn't have enough money for lunch, cafeteria staff in many districts have to take away a child's tray of hot food and replace it with a brown paper bag with a cold cheese sandwich and small milk. Some schools take away their lunch entirely. 5. Quick Takes: How Google is taking on Uber's self-driving car business The atomic clock is the latest tool for high-frequency traders Newspapers are struggling in many places. But they're thriving in India Looking for a job? The US has 5.7 million openings The French election was an important test of Facebook's fake news crackdown 6. What's next: Draghi delivers speech: European Central Bank President Mario Draghi is scheduled to speak about the ECB's monetary policy (read: negative interest rates) Wednesday at 7 a.m. ET.  Tax reform speech could move markets: House Speaker Paul Ryan is scheduled to give a speech on tax reform Wednesday. It's the key issue that's keeping US markets in suspense.  Other big earnings: 21st Century Fox (read: Fox News scandals) reports Wednesday. Takata, Wendy's and Whole Foods also report their financials for the first quarter.   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