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
States to withhold unemployment claims data. It is friday, march 20, 2020 good morning welcome. Im Morgan Brennan live at cnbc headquarters we begin with breaking news. Yesterdays gains. Futures pointing to a higher open with the dow pointing to open up over 844 s p posed to open at 98 and the nasdaq now up 358. This is after the futures market opened last night in the red weve seen a reversal there. It is the first day of a less than 1 move in trading in 14 trading sessions so it gives you an idea of how much volatility has ebbed. The s p ending up about half a percent above 2,400. Similar for the dow, which closed back about 20,000 barring any historic move, the dow does remain on pace for the worst Weekly Performance since the financial crisis when it fell more than 18 in a single week s p and nasdaq tracking for the worse week since february. All three still trading well below 20 from recent 52week highs we reached just last month. Taking a look at the bond market we are seeing inv
Community has not shown the necessary reaction to have targets attacks until now the actions of half taught and his supporters are an open violation of the Un Security Councils reason lucians. Has more now from berlin. Well some of the bilateral beatings on the sidelines of the conference. Taking place now under way one of those key moments will be a meeting between the russian president putin for the reporting of the turkish president because of. The true leaders took the center stage of the talks here in berlin because ultimately according to many sources the of the ones to shape the future of libya. In other news has been more violence on the streets of hong kong after prodemocracy demonstrators attempted to march through the city in defiance of a ban riot police fired tear gas at protesters in arrested several people thousands had gathered in the center of the city for the demonstration or thought is had approved the rally as long as participants stayed in one location but police w
Countrys news media and their discourse of denial. The Global Warming use the area in australia the murdoch empire is taking some heat for its coverage of the wildfires there and the practical joke on a Foreign Correspondent fell for for a worthy cause weve been told that this is quite a dangerous thing thats been known to attack people who go to drop me or consider what it must be like to be in charge of communications for the iranian government right now or what its like to be iranian trying to sort fact from political fiction 2 weeks ago an american drone strike killed the countrys most important military figure general custom soleimani that provided tehran with an opening a chance to rewrite the political narrative to steer iranians away from protesting over an oppressive government and the state of their economy to rally them to back their islamic leaders against the americans and for a few days that seemed to be working then that passenger plane. It was shot down over tehran and
Iran. Crying ok thats the one thing that i. Could trust to. Make life happy but this is how i make it fun and i think if i had to crowd the revolutionary guard to. Hello im Richard Burton youre at the listening post here are some of the media stories that were covering this week iran the showdown with the u. S. And how the accidental downing of a passenger aircraft has changed the narrative there portugal and racist the countrys news media and their discourse of denial of the Global Warming use the area in australia the murdoch empire is taking some heat for its coverage of the wildfires there and the practical joke on a Foreign Correspondent felt for for a worthy cause weve been told that this is quite dangerous to do this be known to. People who go to drop me or consider what it must be like to be in charge of communications for the iranian government right now or what its like to be iranian trying to sort fact from political fiction 2 weeks ago an american drone strike killed the co