Tenyear 91 basis points one more way in which the economy in this case has confounded some and the markets had it right yeah. There wasnt a day that we came in and we heard from very big people, rich people, Hedge Fund Managers saying this is ridiculous its fanciful, that the rally itself was uninformed. I admit, look, there were parts of me that said are you kidding me, every morning the airlines will be up big when very few people are flying . It turns out that the hiring took place in the areas that we felt were most devastated. Retail, travel, leisure. And its remarkable because when youre looking for 20 and you have all your scripts all set to talk about the beginning of the next great depression, and then you get the actual numbers, it kind of knocks your socks off. You struggle to think why did we hear so much woe is me the other side says we heard it because 13 is still unfathomable, but its certainly more fathomable than 20 so, i dont know its good. It is good. The president r
Little bit. We are seeing btps with a little but of a bid today. Euro with an offer. It is interesting that stocks are higher and the dollar is higher as well. Crude is also tracking a little bit higher. We are trading on the global 27. 95. K at european markets probably in a bit of a Holding Pattern right now. We are going to carry on the conversation on what is happening with some of these big global banks that are reporting numbers. James gorman of Morgan Stanley was the latest entry into the story today. We will be hearing from mr. Gorman very shortly. This is bloomberg. Welcome to our Bloomberg Television and radio audiences, live from new york city. Im erik schatzker. Morgan stanley reported earnings this morning, and it was mostly a strong performance, given the extraordinary period weve lived through, the volatility in march. With us for an interview is none other than the firms chairman and ceo, james gorman. Thank you for joining us. James thank you for having us. Erik you ha
Money at the problem and it solves one part of the problem. We are seeing an absolute synonymy of selling. Hitting every single asset class out there. Asia is down between five and 10 . You are getting Circuit Breakers triggered in korea and the philippines. Yvonne this is what makes things a little bit more real for people. We have dealt with this before with sars. But outside the region, this is uncharted territory. Trudeau nowhie testing positive for coronavirus. The pga is canceling its players championship. The ncaa is canceling march madness. Things are starting to disrupt daily lives. David absolutely. Lets have a look at your movers right now. Not that it matters. Our team crunched the data. The stocks that are getting sold off the heaviest right now have the week balance sheets. That is way you dont want to be. Youre getting more cyclicals as well getting pummeled. It is a day that you dont normally see. We will leave it there for now. The coronavirus handed wall street its wo
Cspan, your unfiltered view of government. Created by campell and 97 and brought to you today by your television provider. The former wells fargo executive testified themselves as the consumer abuses that led to the executives earnings. Members of the House Financial Services committee question the witnesses on their actions at wells fargo and why no one has been prosecuted for the consumer abuses. This is just over two and a half hours. Thank you. This hearing is entitled Holding Wells Fargo Accountable examining the roll of board of directors and that the greatest patterns of consumer abuses. Today, we received testimony from elisabeth and mr. James quigley who until earlier this weeks are as chair of the board of directors of wells fargo and companys Walls Fargo Bank respectively. Both have resigned as our call for the resignations following the release of us phasing majority statute on wells fargos compliance failures in their individual failures as Board Members. Resignations do n
Leave the next government. At least 20 people are killed and hundreds injured as albania suffers its worst earthquake in decades all. Pan facing had calls from protesters and criticism from the chief rabbi but the u. K. s Opposition Leader insists there is no place for anti semitism in his party. Along with the sports where the 24th arabian gulf cop has kicked off in this years edition having extra political significance for the blockading nations of saudi arabia bahrain and the u. A. E. Only. Crowds of people accusing un peacekeepers of failing to protect them from rebel attacks are still out on the streets in eastern democratic republic of congo there are defined. A curfew imposed after a 2nd day of protests there has been a standoff between hundreds of protesters and un forces just outside the town of benny 2 people were killed on tuesday one as protesters tried to march towards an airport where the peacekeepers of based people are angry at u. N. Forces saying that they failed to pr