Charlie Rose, PBS interviewer and co-anchor of CBS This Morning, stands accused of sexual harassment by eight women.
The Washington Post reports that the allegations include “lewd phone calls, walking around naked in their presence, or groping their breasts, buttocks, and genital areas.”
The accusers include employees and aspiring employees of Charlie Rose, the bare-bones, black-backgrounded, hour-long PBS interview program hearkening back to James Day’s Conversations from public television’s early years.
Of the two dozen or so Rose employees interviewed for the story, the Post says more than half either witnessed outright harassment or behavior that made them uncomfortable. A common interaction saw Rose giving shoulder rubs to the young women dubbed “Charlie’s Angels,” the story alleges. Rose’s bathroom behavior, which allegedly involved summoning underlings to him as he bathed, became so well-known by the women that they gave it a nickname: “the shower trick.”
Another anonymous woman describes Rose as repeatedly putting his hands down her pants.
Shortly after the release of the explosive Post report on Monday afternoon, CBS suspended Rose, who contributes to 60 Minutes and has occasionally anchored the evening news in addition to his other duties, and PBS announced an immediate halt to the distribution of Rose’s interview program.
U.S. stocks were falling again on Friday as the Dow Jones industrial average headed for its worst week since October 2008.
The Dow fell as much as 350 points — or 1.1 percent — around 12:15 p.m. ET, bringing its weekly loss to 7.7 percent. The S&P 500 dropped 1 percent to its lowest level since October while the Nasdaq composite fell as much as 1.25 percent, joining the Dow and S&P 500 in correction territory.
Click here for the latest index numbers in this volatile session.
The Dow dropped 1,032 points Thursday, its second drop of that magnitude this week.
The recent turmoil in equities began last Friday, when the Dow fell 666 points after a better-than-expected jobs report ignited inflation fears. That fall was exacerbated Monday after the yield on the benchmark 10-year Treasury note hit a 4-year high, sending the Dow tumbling another 1,175 points as investors grew more nervous about an overheating economy.
Trouble with securities called exchange-traded notes that decline in value when volatility increases likely helped create more turmoil in the markets this week. The Cboe Volatility index (VIX) — the market’s best fear gauge — was higher around the 30 level after jumping as high as 50 earlier in the week.
At the end of January, the VIX was below 14.
Yields then backed off their multi-year highs, giving the Dow a 560-point bounce on Tuesday and relative stability on Wednesday. But between another round of strong economic news, hawkish comments from the Bank of England and an expensive government funding bill, yields rallied again, sparking Thursday’s sell-off.