Need to Know: Morgan Stanley’s CEO blasts Soros’s crisis talk as ‘ridiculous’ — here’s why

It’s the last day of May, and the S&P 500 looks on its way to notching its biggest monthly jump since January.

That’s as long as the renewed trade spat with Europe, or some other brouhaha, doesn’t send stocks off the rails.

Earnings for a bunch of retailers will be a factor today, and traders are still keeping an eye on Italy and Spain’s political messes.

But Morgan Stanley CEO James Gorman is suggesting not worrying about the European Union or the eurozone too much, as he delivers our call of the day.

The bank boss is dismissing billionaire investor George Soros’s warning earlier this week that the EU “is in an existential crisis.

>>> Original Source <<<