A number of americans filing for unemployment drops but millions face eviction after coronavirus safeguards come to an end. Counting the vote because parliamentary elections are poll that could cement the president s grip on power. French president emmanuel support during a visit to lebanons capital 2 days after it was devastated by a huge explosion a dire humanitarian situation is developing as International Relief teams arrive in the crisis hit city and 138 people died in the disaster was 80 still missing and 5000 have been injured so no one has the latest from beirut. Search and rescue teams are still digging through the rubble at beirut port the site of massive explosions that damaged or destroyed much of the lebanese capital families are desperate for news about their loved ones dozens are missing there is pain and grief zainab fears she will never see her husband allie again. Theres a still are still i dont know where he is i havent heard from him since 6 pm monday i want to know
Others warnings of continued outbreak headwinds plus mobile merger revision, why softbank is cutting its stake in the Overall Company that will be created between sprint and tmobile, and why its so much more likely to happen and shares of deere are up, reporting abunexpected rise in profits, shows an early sign of stabilization for the farm sector coronavirus worries putting stocks on track for a negative week theres a spike in new cases both in and outside of china you got cocacola joining the list of Companies Impacted by the outbreak, saying it expects it will cut quarter earnings by one to two cents a share they coupled that with a 2. 5 div hike and we heard from lulu, daimler and others as the list is getting longer and will get longer from here one of the things people took the cue was from proctor said it was going to hurt us, the stock was up and climbed form the rest of the sector. Why dont we tell the truth . A little too premature, they all presume it will be solved within a
Deal reshaping the storied Investment Bank, Morgan Stanley Ceo James Gorman will join us in the next hour. A mega merger, increases the projection of expenses saved and the guidance which well get into, as well. Giving up control of victorias secret selling a 55 stake to siycamore and stepping down. Well start with the deal of the day. Morgan stanley agreeing to acquire etrade valued at 13 billion. 58. 74 a share three months after schwab and Td Ameritrade announced a merger deal a lot of discussion of why not robin hood an enwhat it means for the sort of the framing of their Wealth Management business, jim. It is kind of amazing about 5 million accounts, maybe more robin hood with 10 million accounts in no time they were land speed record for accounts their success is driving everything they have the millennials. They have a different orientation. They have the easiest site to use. All hand held. Theyre racking up customers i have had robin on a couple times. Theyre the biggest threat
Akwy sessiak ak akwywy situation of etrade. Will has the highlights. Hey, carl as you said, just last hour we were talking with james gorman, the ceo, and said he first got attracted to etrade back in 2002 when he was still at merrill. He said the conversations this time got real in december. Heres what he had to say about that 13 billion price tag i never worry about strategy. Im never trying to copy what somebody else is doing we have to do whats right for Morgan Stanley you have to be opportunistic, move and move quickly. We put in a very full, i think appropriately, a bid for a Great Company with an iconic brand if we tried to to do it on the cheap, that would have created turmoil. You get the job done thats what we did this is what he said about the rationale for the deal we bring in a group of technologists that i think will drive Technology Platforms even further than that weve been able to do they have Online Banking we can roll that to premium clients. We have a lot of young c
Clearing out, and overall thats a nice day, and that will keep the temperatures down as we reach into the low 80s, and there will be upper 80s but this is nothing compared to the way we started this week, so i think we will enjoy it. Mike, why is the bay bridge commute so light . Yeah, holding study, kari. You have a preview and its a lighter flow over here. The metering lights are on. The traffic held up in this Contra Costa County, theres a break there for the crash, and we have all the traffic feeding in off of pittsburg, and its slowing through walnut creek. The other crashes are cleared to the shoulders. 6 01 right now. New details. Bart could soon become safer. We are joined live at the warren station in fremont. The agency Just Announced they hired a lot more Police Officers, i understand. Reporter correct. Bart tells us they hired 40 new Police Officers so far this year alone, and to give you perspective thats the same number of new officers from the previous two years combined