there were sharp losses in early trading, although banking stocks have since rebounded slightly. ubs is currently up 3.5% let s take a look now at how the markets are performing more broadly. trading began in the us an hour ago. we can see the dow is up, the snp 500 also on 5.2%. in asia and in europe, there was some initial fright taken by investors, particularly because certain bondholders in credit suisse have lost all the value of their investment, but by the middle of the trading day most european indices were trading positively again. now, one aspect of the deal was that any investor holding additional tieri bonds, or ati bonds, in credit suisse will get nothing. that s more than 15 billion euros written off. it spooked the whole ati bond market which is worth more than 200 billion euros. let s discuss this in more details with dan kemp, global chief investment officer at morningstar investment management. why is the burning of these bondholders so controversial? that
the financial markets react to the emergency takeover of switzerland s second biggest bank. in 20 years as the us led coalition invaded iraq to topple saddam hussein, we take a look at the legacy. the un secretary general antonio guterres has hailed a major new report on climate change as a survival guide for humanity . climate scientists from intergovernmental panel on climate change said clean energy and technology can be exploited to avoid the growing climate disaster. but they also warned a key global temperature goal will probably be missed. they say the world is expected to warm above one point five degrees centigrade by the early 2030s. secretary general antonio guterres has been speaking at the launch of the ipcc report and said everyone needs to work together quickly to achieve the climate change goals.. today i am presenting a plan to supercharge efforts. it starts with parties immediately hitting the fast forward button on the net zero deadlines to get to global z
nearly a mile wide and stayed on the ground for more than an hour. leaving nothing but destruction in its wake. bill: it touched down near rolling fork, mississippi. a town of 2,000 people. that community is wiped off the map. sandra: houses reduced to rubble. some ripped off their foundations. the storm had winds reaching 170 miles-per-hour. that s strong enough to send cars and power lines flying through the air. bill: satellite images. on the left a picture of rolling before the storm hit. on the right is what happened after ward. an elementary school, trees, homes, cars, all of them are now gone. sandra: leveled. a church left unrecognizable with the steeple blown off. the scope of destruction is hard to fathom even for those who lived through it. it was dark. call for help. it was quiet. to hear those little kids hollering help. it s devastating. i look around town and i m saying i know we can rebuild, but what do you do with the devastation? what do you do w
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