Something we havent seen for the dow and s p in more than a ho month and a half to wilfred frost who has breaking news. Hi, morgan. Yes, james gorman the chairman and ceo of Morgan Stanley sent a note out to colleagues that were seen by myself and the content confirmed by a spokesperson at Morgan Stanley, in it he said, quote, 90 of our employees are working from home. As a result the normal bonds created by every day interactions with colleagues have been impacted and im hoping my perspective on the firm and crisis will be helpful and you have all seen the Federal Reserve actions are extraordinary but given the circumstances necessary markets cannot function without liquidity and they have taken real steps to address this critical issue he went on to say, slowly, governments across the world are putting aside their politics to arrive at blockbuster support and stimulus packages. Way too many people have lost their jobs overnight and it is central for government to act as aggressive as
Democracy. Next, the first public hearing for the impeachment inquiry into president by the House Oversight and Accountability Committee led by kentucky representative james palmer meant for nearly six hours House Republicans at the inquiry is focused on whether biden was involved in or benefited from his familys foreign business dealings. [background noises] [background noises] [inaudible conversations] [inaudible conversations] which members are waving . [background noises] a committee on oversight and accountability will come to order. I want to welcome everyone here today. Without objection the chair may declare a racist at any time. The first order of business is to welcome the return of eight eightmember to the committee. We went to welcome from michigan to the committee congresswoman has been a member of the house. [applause] since 2019. Before that she served 15 years the Michigan House of representatives but she is a familiar face to this committee as she spent her first two t
Independents, 202 7488002. Virginia and new jersey residents, if you want to call us and let us know your thoughts , 202 7488003. You can also post on twitter or our facebook page, at facebook. Com cspan. Here are the front pages from virginia and new jersey. Only thelighted not governors races but also the races in the house of delegates there and the Bourbon County record this morning a new era for new jersey, the subhead of one story saying the democrat stands as the antichristie. Take a look at the exit polling that out of the states, specific we political specifically politico looking at the exit polling. Among 57 of the voters who disapproved of the president s , they beat him 87 to 11 . Nearly half of virginia voters, 47 strongly disapprove of trump, and northam 195 of that vote. In other words, nearly 45 of the votes cast were from strong race. Disapprove half of virginia voters said trump was a reason for their vote, with twice as many saying there were voting to oppose trump
Markets that could be headed for a collision course bonds and stocks both surging together stock s hover near record highs. Check out the etf that tracks the bond market. Its highest level, in fact, since the election how long can they rally continue which will be the first two break . Does one have to break, guy . I dont know if one has to break. The bond traders will say theyre the smartest guys and gals in the room the bond market always knows sthichk t something the equity market doesnt know this time last year, yields 10. 6 , everybody looking for the downfall of the stock market, probably myself, included, by the way. All weve done is rallied ever since. Although the bond market is clearly telling you something, i think about the economy,stock markets playing a different game look at the transports within a whisper of the alltime high russell, same thing. Financials held a level weve talked about for a long time in the form of the xlf, 23 so unless im thissing something, which co
All right, well, lets be smart about it. Ooh i thought you were mildred. Where have you been . I have a life. Thats where ive been. A life im clearly unaware of. Where have you been staying . Oh, no. Seriously. Seriously, i thought youve been staying with megan these last few weeks. We have decidedly not gotten that structured in the expansion of our complexity. Do you need something . Ive got a class in five minutes. Are you sleeping in the steam tunnels . Only as a fallback. A fallback to what . Larry, why dont you come stay over our place . You know youre welcome. I thank you, sincerely. You and your father, your generosity, its gone beyond what any friend could expect. Yes, im so generous. Look, just come over. Come over. Stay with us. I cant afford the distraction. The distraction of what . Distraction of a place to live . Of sharing a bathtub. Bathtub . Yes. See, if im so much as around a bathtub, i cant seem to stay out of it. Which is no problem if im alone. But you have one ba