The recent turmoil in banks is "a heavy blow to confidence," Morgan Stanley Global Balanced Funds co-CIO Jim Caron says. Speaking during an interview with Jonathan Ferro on "Bloomberg The Open," Caron also discusses his views on the current state of financial markets. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en