Morgan Stanley Expected to Cut 700 Jobs by Year-End

July 19 (Bloomberg) -- Bloomberg's Betty Liu and Dominic Chu report that Morgan Stanley’s headcount will fall by more than 700 by the end of this year, Chief Financial Officer Ruth Porat said. Morgan Stanley has already cut 3,272 jobs since the start of 2012 and the firm expects that number to climb to 4,000 by the end of the year. They speak on Bloomberg Television's "In The Loop."
Investors Should Buy Stocks on These Pullbacks: Wren
45:00 - Wells Fargo Advisors Senior Global Equity Strategist Scott Wren discusses the selloff in the U.S. markets, U.S. interest rates and how he's advising his clients. He speaks to Bloomberg's Angie Lau on "First Up." (Source: Bloomberg)
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