Dollar at lowest level since Trump election; Arab Qatar blockade is a nightmare for many; $350 million missing at Chinese firm with missing execs

What's new... what's next   By Matt Egan, Patrick Gillespie, Julia Horowitz and Paul R. La Monica of CNNMoney 1. U.S. dollar at lowest level of the Trump era The almighty dollar? Not so much. The greenback hit a seven-month low Tuesday and has now given up all its gains since Trump was elected president. Concerns about the U.S. economy losing momentum and worries about whether Trump will be able to get his pro-growth plans, such as tax reform and stimulus via a boost in infrastructure spending, through Congress are hurting the dollar. But the dollar's Trump slump has led to a bump for gold and Bitcoin. 2. Philippines stops sending workers to Qatar As Qatar faces a diplomatic crisis with its neighbors, the Philippines announced that it will stop sending its workers there until things calm down. Although Qatar has a population of 2.2 million, most of the people there are foreign nationals imported to work there, often under harsh work conditions. Other nations reactions are mixed but some foreign workers, such as Nepali truck drivers in Qater, are losing their jobs because the Qatari-Saudi border is shut down. The diplomatic nightmare is also impacting Qatar Airways.  3. South Africa sinks into 1st recession since '09 Africa's No. 2 economy is in trouble. South Africa unexpectedly contracted by 0.7% during the first quarter, landing the nation in its first recession since the end of the global financial crisis. The downturn, driven by weakness in trade and manufacturing, underscores the political instability rocking South Africa. Uncertainty was heightened in April when President Jacob Zuma ousted respected finance minister Pravin Gordhan.  4. This Chinese firm is missing $350 million The strange case of a major Chinese dairy firm keeps getting stranger. China Huishan Dairy has announced that it's missing most of its cash -- about $357 million -- following the disappearance of a top finance executive. The company filed a missing person report for the exec in April after its stock nosedived as much as 91%. The future continues to look sour. 5. Quick Takes: An Indian billionaire plans to open a massive coal mine in Australia Want a job? The U.S. has 6 million job openings, a record high British Airways' nightmare after someone turned off the wrong switch Ivanka Trump gets a big vote of confidence in her paid parental leave proposal  Indian firm slashes H-1B visa applications Trump's family business is launching a mid-scale hotel chain in Mississippi 6. What's next: House budget hearing: Trump's promise for massive tax cuts will be in focus on Wednesday morning. The House budget committee is scheduled to hold a 10 a.m. ET hearing on the economic benefits of "pro-growth policies."  Jack Daniel's and suits: Brown-Forman, the wine and spirits maker, is scheduled to post quarterly earnings before Wednesday's opening bell. Later in the day results are on tap from Tailored Brands, the owner of Men's Wearhouse and Jos A. Bank.  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