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the united states and around the world. i m christine romans. this is early start a busy morning. we begin with breaking news. a short time ago, a federal appeals court took action to keep the abortion pill mifepristone on the market. the court blocked the parts of a texas judge order that would have suspended fda approval of the drug. now the fda approval will stay in effect, while the court considers an expedited appeal. but important here, the fifth circuit appeals court is leaving in place parts of the ruling that will, in effect, make the pill harder to get. the fda tried to ease access in recent years by allowing the drug to be mailed and by approving a generic version. for now, those changes that make it easier for people to get the drug. those changes remain suspended. this medication has been approved as safe and effective for uses an abortion pill for more than two decades. but it s possible removal from pharmacies could affect every american senior medical co ....
Safety trade. i mean, look, too, so it s a game of high stakes poker and the streets basically reading this, the feds handcuffed in terms of more rate hikes, and ultimately, they re going to have to cut probably or this year that s great for risk assets and also tax um bear than feared. i mean, fundamentals have held up. i ll court soft and no landing. that s why big tack in my opinion continues being the green light tone. these names is cost cutting part of the story because i ve just sort of anecdotally. watch when you hear of job cuts at a company. suddenly the stock goes up. i mean, the street likes to see that no doubt i mean, these companies were spending money like 19 eighties rock stars and you look at names like meta. amazon microsoft that really in the kids too low in terms of, you know, once that starts to happen, street loves it. music to the ears. you re starting to see cost cutting continue to happen. that s good for margins , and that s part of why tech continues to move ....
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Today, hitting a new record of 1,829. up about 30 bucks right now as people put on the safety trade. really another very tumultuous day in the markets here. we still have time before the close. we re looking at the dow right now. down about 3.7%. nasdaq down almost 5% on the day. oil falling as well. about 6%. back to you. melissa, thank you. with the uprising in government crackdown in syria, now claiming almost 2,000 lives including at least 18 people just yesterday, president obama has issued a long-awaited call for syrian president bashar assad to step down. president obama said assad has been imprisoning, slaughtering and torturing his own people. secretary of state hillary clinton has this to say earlier. the people of syria deserve a government that respects their dignity, protects their rights and lives up to their aspirations. assad is standing in their way. ....