Does. We have a lot to talk to about. 50 brands. We have to get to the top headlines. Releases this morning, General Electric and Morgan Stanley. Scarlet fu is going to run through the numbers for us. Let us start with Morgan Stanley. Likes tumbled 70 jpmorgan, Morgan Stanley has a set aside money for litigation expenses. That worked out to 1. 2 billion. Legacyelated to the problems of Mortgage Backed securities. We dive into the numbers, half it beat analyst estimates. Revenue topped estimates and was pretty much in line with what analysts were looking for. James gorman has been deemphasizing analyst estimates. Investorse part that and james gorman are focused on with Morgan Stanley beefing up its brokerage business. 19 pretax profit margin. Another software watching is ge. Ge shares have turned lower in the premarket. This is after the earningsper share matched analyst estimates. There is a track record of matching or just eating beating. Revenues are slightly higher than analysts we
This morning defended the way hisses change defended the outage. He added that he was, quote, proud of the fact that we had an orderly close. Guys, heres how its playing on the front page of paper it is people have not seen. Nasdaq in fresh market failure is the way the journal puts it across the top of the fold. Nasdaq paralyzed by technical breakdown is the ft. And then, jim, usa today, wall street yawns as nasdaq goes dark. I thought that was the most cogent of all. No one really cared. Bob said everything was good. They did a great job. Its fine. I want to let people know we speak with people around here. They all scoffed and laughed at that. Bob said what he did. I felt what i felt which was that the lack of communication was terrible. I had the unfortunate moment where i had to be on air and had to try to speculate. The way you cut back on speculation is to come out and say, guys, heres what we think is happening. We were all stuck trying to speculate because the communication wa
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