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Deal reshaping the storied Investment Bank, Morgan StanleyCeo 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 n ....
Oil did crack below 39 the s p 500 suffering its worst twoday slide in 4 1 2 years and stocks look to bounce slightly before the open. It is a new era for Disney Bob Iger has stepped down with a lot of questions, of course, why now . Techs tanking in correction territory with high names like alphabet, apple, amazon losing a combined 4 million on consecutive sessions the state department wiped out 1. 7 trillion in gains markets down 6 and jim, 7 on the s p, you think might be time to do something. Its interesting. You have to buy something. The cluster they find in america, i say it that way, got the green light to say it from the cdc and possibility of an ebola situation, remember, we lost someone in texas. That was a problem in texas. Would Something Like that here be shocking . We lost 14,000 people from the regular flu and perhaps the new flu and respiratory illness, its ....
Weekly gain. Virus figures, coronavirus cases surging again, wall street still headed for strong gains for the week, s p and dow up more than 1 the past five sessions. The company beat on earnings, suspended its 2020 forecast on coronavirus uncertainty, and as well were going to be talking with the ceo of roku later this morning which also reported numbers. And jedi blocked, a federal judge haunting microsofts pentagon cloud contract after an amazon suit. For the second straight day the number of confirmed cases of coronavirus shot higher. Chinese authorities reported 5,000 new cases and 120 more deaths the death toll stands at nearly 1,400 and total cases into the range of 64,000. As increasingly guys, the conversations turning to diagnostics as opposed to the spread itself. Right there have been a number of articles that are very subjective about whats happened some of them say that, look, it could be a 24day incubation, so what they thought they were letting people go and some of it ....
Open, wall street looks to close out a recordsetting week. Peacock joins the streaming wars, how comcasts forthcoming platform looks to separate itself from the streaming flock. Joining the four comma club, alphabet more than 1 trillion all together more than 17 of the s p 500. Stocks looking to hit new record highs upbeat news on the economy as Housing Starts rise in december to their highest level since 06 up 16. The and just to put that into perspective we are looking for an increase of 0. 4 amazing, and of course the commentary from tepper and druckenmiller over the past half hour has done a lot. Its fed in the same direction. Well pick apart if weather was a factor in the Housing Starts and the rest but that is when the equity futures took another leg higher when the numbers were reported comes after we got other good housing data its become very hard to decide that the ....
This is not a drill. Gwyneth paltrow will join us after announcing her new show with netflix power lunch starts right now and welcome to power lunch. Lets take a look at the markets now. The dow well off the lows of the day. Still just barely in negative territory but earlier, down more than 200 points. The s p and nasdaq have now turned positive and check out shares of alphabet up 2 jumping to a high after Pivotal Research calls the tech giant a buy. Lets get started with bob pisani at the New York Stock Exchange for more on whats moving those markets e today this is different than friday, contessa again supporting the idea of these kind of events while emotionally disruptive have limited economic impact. Thats what the market is saying so like friday, the low is at the open heres friday and heres today theres the lows friday though, we saw a move to the upside in ....