SNAPSHOT - Financial Crisis - 2115 GMT

NEWS

- Obama says crafting a two-year plan to fight an economic
crisis of "historic proportions"

- Plan would aim to save or create 2.5 million jobs by January
2011

- Leaders from Asia, Americas pledge to push global trade
talks and reform global lending institutions

- Chinese President Hu says would work alongside international
community to strengthen cooperation, protect markets

- Bush urges other leaders at a summit in Lima, Peru, not to
let the global financial crisis push world away from free trade

- Billionaire investor George Soros says U.S. economy needs
additional $300 billion-$600 billion in support funds

- U.S. automaker General Motors Corp (GM.N) said considering
"all options" including bankruptcy

- Citigroup Inc (C.N) in talks with the U.S. government amid
doubts about its ability to survive

- German chancellor says she expects first few months of next
year to bear more bad news for Europe's largest economy

- Thousands of Icelanders demonstrate in Reykjavik, demand
resignation of prime minister, central bank governor

MARKETS

- U.S. stocks rally on reports of Geithner nomination, Dow
.DJI and the S&P .SPX up more than 6 pct

- Oil rises from a 3-1/2-year low. Exxon Mobil (XOM.N) up
more than 10 pct

- European stocks slip in a broad selloff, dropping for
seventh time in nine sessions. Pharmaceuticals the biggest drag

- Nikkei share average .N225 hits a three-week low,
bounces back to close 2.7 percent higher

- Dollar surges vs yen, bond yields rise off historic lows

QUOTES

"If we don't act swiftly and boldly, most experts now believe
that we could lose millions of jobs next year." - Democratic
President-elect Barack Obama in a weekly radio address.

"China is within the scope of its abilities taking major
efforts to address the financial crisis." - Chinese leader Hu
Jintao in a speech to business leaders.

"The duration of the crisis depends on the success of his
(Obama's) policies." - Billionaire investor George Soros quoted in
Der Spiegel.

"I think (Geithner) is a brilliant pick, for no other reason
than that it creates continuity in the middle of one of the
greatest crises to ever face this country." - William O'Donnell,
head of U.S. interest rate strategy at UBS Securities LLC in
Stamford, Connecticut.

"Fear is going to take over. We have a new president and the
faster we can get the policies out there and tell us where we're
going to go and what this administration is going to do, the
better off we're going to be." - former GE chief Jack Welch.

EVENTS

Monday, Nov 24

WASHINGTON - National Association of Realtors releases U.S.
existing home sales for October at 1500 GMT.

WASHINGTON - IMF releases Asia and Pacific regional economic
outlook at 1500 GMT.