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Deal reshaping the storied Investment Bank, Morgan Stanley Ceo 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...

Good thursday morning. Welcome to squawk alley. I am Carly Fiorina with Morgan Brennan and jon fortt. A busy day of earnings, some tech, some not to sort through today, microsoft, paypal, ebay and others on the tape two biggest movers going the opposite way, tesla is surging, twitter is tanking Julia Boorstin and phil will he be lebeau is with us. This is a stock having a rough day, one of the worst days ever as a public company, on pace for the worst month since july, 2018 shares down almost 19 lower despite growing the user base to 145 million active users. The reason it is tanking, revenue ...

Been following this pandemic and how its affecting people since it started. Gadis going to stay with us throughout the hour. Hes at a grab and go center in Los Angeles County where the School District is handing out meals to families in need and today gadi, as i understand it, theyre going to be handing out their 10 millionth meal. What are you hearing from families in line there . Reporter 10 million meals, absolutely incredible out here. And this is the moment that everybody waits for. Right now, 8 00, 8 01 and they just opened up the gate. So im going to show you whats going on over here. T...

Is trending down, there is some cautions. The mayor today announcing all parades, concerts, rallies and large gatherings planned for june june are now canceled. Looking across the landscape, zero states at this hour meet the president s criteria to reopen the country. Testing is a big piece of those white house reopen guidelines. Governors complain of a giant testing gap between capacity and capability. They say that means until it is closed, they are just not ready for a reopening. There are a few governors, though, easing restrictions, creating tension with local officials and Public Health ...

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