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from outlining stimulus plans. they will likely tighten financial conditions by raising short-term interest rates and reducing the amount of outstanding bank reserves. dubai world, owners of palm islands in dubai reportedly intends to ask creditors for a six-month standstill on $22 billion in debt this month. this while it completes restructuring. the request for a freeze would cover a bond repayment of $89 million. they requested a standstill on a billion in debt. that s cnbc, first in business worldwide. david, back to you. welcome back, everybody. i m david shuster. a major snowstorm continuing to sock the east coast of the country and it s not over yet, not over any time soon. from baltimore to new york, blizzard warnings in effect. snowfall intense and strong winds continue to be relentless. highways and airports are shut down. residents urged to stay home and get off the roads.