Trump's tweets turn market — IBM eyes new NYC office — Bankruptcy consulting booms

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President Donald Trump sent US markets into a nosedive Tuesday afternoon after tweeting that he was calling off negotiations with Democrats on a coronavirus relief bill until after the election.

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IBM loves NYC

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The future of office space in New York is very much up in the air, as companies reconsider their digs. But at least one segment has proved fruitful for the market: big tech. Daniel Geiger has the scoop on IBM releasing a request for proposals to the NYC real estate market for an office as big as 500,000 square feet. IBM follows Facebook and Amazon in looking to lock up office space in New York while others contemplate exits.

Daniel's got some great color on what IBM's plans for the space and what it means for the wider industry.

Click here to read the entire story.

'We're recruiting like crazy:' AlixPartners is seeking new hires as restructuring work ramps up. The firm's turnaround group leaders lay out the growth opportunities and how it's adapting to virtual war rooms.

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Speaking of bright spots in bleak times, business has been booming for the bankruptcy industry. Samantha Stokes spoke to the co-leaders at AlixPartners, a restructuring-focused management consultant, about how the firm has adapted to the uptick in business. Read more here.

5 top law firms like White & Case and Mayer Brown run through their summer associate recruitment plans, from using '3D resumes' to expanding the schools they're considering candidates from

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Wondering how law firms are recruiting their summer associates for next year? Yoonji Han has got you covered with a breakdown of the hiring plans for five law firms. Read more here. Odd lots: Charles Schwab and TD Ameritrade's mega-deal is complete, and branches are expected to shutter — here's where they have the most overlap (BI)

Wall Street's Most Exclusive Club Is Getting Smaller. The Perks Are Getting Better. (WSJ)

Former Bridgewater Co-CEO Eileen Murray Settles Pay Dispute With Hedge Fund (WSJ)