5 Things You Need to Know to Start Your Day

A rare moment for US jobs data arrives, Goldman Sachs is fined $3 million for a mistake and Binance `VIP’ clients are revealed. — Kristine A [View in browser]( [Bloomberg]( A rare moment for US jobs data arrives, Goldman Sachs is fined $3 million for a mistake and Binance `VIP’ clients are revealed. — [Kristine Aquino]( Jobs puzzle This week will bring about a rarely-seen economic event:[the release of a US payrolls report on a public holiday.]( Consensus says the US added 235,000 jobs in March, and the unemployment rate stayed at a historically low 3.5%. The figures, due on Friday, will mark a [full year]( of payrolls reports since the Federal Reserve’s liftoff interest rate hike last March. “Try to imagine hedging a book Thursday at the close for a Friday when the US Treasury market is the only one open for business with Europe closed both for Good Friday and Easter Monday...The algos will have a field day,’’ Andrew Brenner, the head of international fixed-income at NatAlliance Securities, wrote in a note. Goldman fined [Goldman Sachs was fined $3 million]( by the Financial Industry Regulatory Authority — or Finra — for mistakenly marking tens of millions of stock orders as long instead of short. Goldman mismarked 60 million short-sale orders as “long” from 2015 to 2018, leading to 12,335 short orders being executed while a short-sale circuit-breaker was in effect, the regulator said. Goldman didn’t admit to or deny Finra’s findings, and a spokeswoman for the bank declined to comment. The $3 million will be be split between Finra and a number of stock exchanges. Binance `VIPs’ Jane Street Group, Tower Research Capital and Radix Trading are the [three unidentified trading firms cited as “VIP” clients of Binance]( in the Commodity Futures Trading Commission’s lawsuit against the cryptocurrency exchange, according to people with direct knowledge of the matter. The CFTC last week accused Binance of “sham” compliance with US derivatives regulations, and cited the three US quant firms anonymously as examples of how US clients accessed the platform. The regulator didn’t accuse them of wrongdoing. Coming up… At 8:30 a.m. New York time, we’ll get initial jobless claims data alongside Canadian March unemployment figures. St. Louis Fed President James Bullard will discuss the outlook for the US economy and monetary policy at a 10 a.m. event. The US will sell $60 billion of four-week notes and $50 billion of eight-week securities at 11:30 a.m. Baker Hughes will release US rig count data at 1 p.m. Earnings include Constellation Brands and Levi Strauss. Cautious markets S&P 500 and Nasdaq 100 futures edged lower as of 5:37 a.m. The Bloomberg Dollar Index climbed toward the highs of the day, pressuring most Group-of-10 currencies. Treasury yields fell across the curve, mirroring moves in global bond markets. Oil and gold fell, and Bitcoin slid for a second-straight day. What we’ve been reading Here’s what caught our eye over the past 24 hours: - [BlackRock hired to sell $114 billion]( of Signature Bank, SVB securities - [Switzerland will cancel or cut bonuses]( for top Credit Suisse execs - [Signs of green shoots]( in the UK economy sparks optimism  - [Google and Amazon are struggling to lay off](workers in Europe - [A former California military base](’s slow transformation into housing - How one gambler figured out [how to beat rouletteÂ]( And finally, here’s what Joe’s interested in this morning Earlier this week, the DOJ [filed charges]( against a startup founder who was once named to a Forbes "30 under 30" list. This is... not the first time this has happened with someone on these lists. Anyway, I'll get back to that in a second. [On the new episode of the Odd Lots podcast](, we talk to the famed trader and author Nassim Taleb about what various groups of people -- Bitcoiners, VCs, vaccine skeptics etc. -- get wrong in his opinion about what it means to be antifragile. The Fooled By Randomness author is always an interesting character, but part of what makes his current arc intriguing is how he seems to have turned on many of the people who once looked up to his philosophy. Anyway, at one point we talked about the downfall of SBF, and he called out what he sees as a "entire collection of young individuals who think that the past does not exist" and how dangerous youth and inexperience can be in finance in particular. "When I was a trader in my twenties, I picked the brain of every older trader who had survived. And that was not just me," he says on the episode. To do anything in finance well, he argues, there are things you need to internalize through time, that can't be understood just by looking at numbers or papers. And so perhaps with all of these young innovator lists that are out there. Maybe they're fine. But perhaps finance -- where lack of experience and "innovation" can be so disastrous -- is one category that needs to go. Check out the full episode on [Apple](, [Spotify]( or elsewhere. Follow Bloomberg's Joe Weisenthal on Twitter [@TheStalwart](. Follow Us Like getting this newsletter? [Subscribe to Bloomberg.com]( for unlimited access to trusted, data-driven journalism and subscriber-only insights. Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. [Learn more](. Want to sponsor this newsletter? [Get in touch here](. 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