morgan stanley does more equity trading than others, so there equities are good. alix: goldman sachs, the highlight for them was their investment banking revenue, but morgan stanley showing no signs of letting up. is 1.55 compared to an estimate of 1.3, so they are beating there. alix: joining us are alison williams, and on the phone is can leon. he is a buy rating on morgan stanley with a price target of 59. you are big takeaway? is an: i would say ficc little bit of a surprise, but no surprise coming in strong. we expected markets to help their execution, and it looks like they are right on plan. that is a key goal for them that is coming in better than expected. asset price helped, but i am sure we will hear on the call, they have been moving accounts more toward the feedback-based model. these are very strong. i think we will hear more about that. i do not see anything on the tax .ate, the go forward tax rate it will be key as well as the indirect benefits. a lot of what we heard from management

also talking the morgan stanley's earnings. it's been a good quarter for the bank. we will dive into the takeaways as they record record was management fees. amazon has their odalys for potential cities for hq to 220. we are looking at those on the list and what it may mean economic before those areas. 30 minutes into the u.s. trading session. it is a mixed session. there is a little movement. julie: we are getting more micro-focused on earnings, that could be one of the reasons we are seeing a mixed picture here, a positive upward momentum we had recently. be one of the reasons we are seeing a pause. stocks have gotten too overheated levels, according to several measures. one of them is the 14-weak relative strength index. we have a chart of it here for the s&p 500. line,y, this of her red when this goes over that redline it indicate stocks are overbought. on the bottom you have a green line that indicates oversold typically. so we have a record level for this 14-weak indicator. if you look at the 14-day rsi come it shows the highest since 1971. momentum indicators

morgan stanley with more bad news on trading revenue. but optimism about the taxty: jn this thursday. cut. rippling -- spotify rippling -- spotify revealing plans for new listening options, for radio and podcast. ♪ yvonne: it is a showdown in the podcasting world. also a showdown in washington. we are going to be getting the vote. essentially we heard earlier today that the senate does not have enough votes to pass a continuing resolution. looks like we are closer to a government shutdown. i want to pull up this chart, which raises another issue. it i separates, but related to this continuing resolution vote. issue, which is the debt ceiling. that deadline is coming up. it is a bit of a moving target. expectations are we are going to hit that debt ceiling and need to lift it in march. that is being reflected in treasury markets, where traders t-billsing short-term due in march. yvonne: it's interesting you up, because there is difference between a shutdown anticrisis. we are only talking about -- there is a difference between a shutdown

search for livingston stanley found him into g.g. on lake tanganyika in what is now western tanzania the explorer was ill and virtually destitute and refused stanley's peace to leave africa the pair travelled together as far as tambura from their livingston insisted on traveling south again hoping he might get finding mysterious hidden sources of the rivers flow into another. in the year eight hundred seventy four another expedition set out with food and medicine for livingston it was new to morning that the group met livingston's african servants now carrying his embalmed body towards the coast. it instant had died on the first of may eight hundred seventy three in the village of cheek tumble where his heart was removed and buried the rest of his body was taken to london and finally buried in state in westminster abbey. the scorpion there. superstars and they've been rocking fans the world over for more than fifteen years on stage in the museum. and in the documentary for ever and today. the scorpions a special on. topics war next o

morgan stanley >>> welcome back i'm wilfred frost.re mixed at this hour all three were lower now the dow and s&p are slightly higher the nasdaq is lower. big gains yesterday. joining me now is kathy lian from bk asset management kathy, given these ongoing highs we're seeing in the stock market and encouraging economic data and prospect for more rate hikes, why has the dollar been so soft? >> there's a lot of reasons why. but today in particular the clock is ticking washington has a friday deadline in order to approve that stop gap measure, and investors are nervous that won't happen. if you take a step back, it's a whole host of factors from the central bank unwinding some stimulus to central banks like china talking about the possibility of halting or slowing treasuries china was not the only country to lower purchases japan did as well. so i think we're moving in an environment where investors are selling bonds. and that's putting pressure on the greenback. there's greater opportunities abroad provided by the risk appetite environme

have you ever thought about all those years ago that if your people had just killed stanley?dy else would have come. >> somebody else would have come. >> ordinarily, a large tiger fish like this one, it's going to the market, considered way too valuable to eat. but today -- guests. >> it's a mean-looking fish. >> she used to sell fish in the market. >> the congolese standard, liboke. it can be pretty much anything wrapped in a banana leaf and steamed. >> typical tradition. >> excellent meal. a lot of work. though it doesn't look like they are having an entirely miserable time of it, the water looks good. on a good day, how many of these? >> on a good day, 50. >> 50? >> bad --they just -- one basket like this, they have about ten big fish, but the situation changes. the tourists used to come and see how the fishermen catch fish. >> hundreds used to come, yes? things get a little better here, maybe they come back. >> i hope so. >> i hope so, too. ♪ >> after leopold, the belgian government took over and pretty much continued as before. an apartheid-like system of what's mine is

emily: that was morgan stanley ceo james gorman.q ceo adena friedman joined in class technical capability. emily: that was morgan stanley ceo james gorman. nasdaq ceo adena friedman joined bloomberg from davos, speaking to erik schatzker about the company working on cryptocurrency futures. take a listen. adena: we have been working with the industry and with a great adena: we have been working with the industry and with a great partner to look at whether or not it's the right thing for us to do. and i think that we are still evaluating that. we have been talking with the industry to say, is this something -- we have two bitcoin futures out there. is there something different, a different construct? would that be of interest to you? would there be demand? if you're going to create a product, you want to know that people are going to use it and use it to differently than how it's being used today. we have to self-certify as a futures exchange for this. we would use our slices to do that, but we have to make sure, from a risk managemen

where is morgan stanley seeing weakness now?n terms of the market overall, has been a lot of debt buildup. it is really these high-yield bonds they are most concerned about that will have a lot of damage, because debt levels are so high and so sustained. mark: interesting call on the stock market as well. investors should prepare for at least one correction. it ain't going to be easy to make money this year, is it? dani: it will not be easy this year or next year. they did not make a call for when they believe a recession is coming, but they said it would be a shallow recession, 20% to 25% decline in the market. that is certainly painful. mark: when we have not even seen a 3% move for over a year or something. dani: that would be quite jarring, especially when you think of strategies that are reliant on low volatility. that is not necessarily short volatility, but trades that do well when volatility is low, so we'll imagine all of a sudden we get a few corrections as morgan stanley is predicting. a lot of money will start shifti

morgan stanley fourth quarter prospects beat estimates.an sachs in clearing institutional clients. pay $109 intoo the rigging of currency rates. help againstto former traders. the investigation is already led chargesonviction of against another. taking it back to the market. that height and the learning u.s. budget deficit. tell us what is going on. land #-- no man's >> certainly through follows last year. i think for people to get jitters in terms of the stock 2.75., certainly above sayow we've had some people leave had 2.63. i think it is more of a range. >> what is driving this do you think? the government shutdown is one knowns.nknown his inflation going to come back in a big way this year? >> you look at it from two perspectives. we have come from a goldilocks environment. people are now saying it will remain strong and the second is with jobs going up. that is getting trickier now. short-term yields are going higher. obviously, that could lead to a tipping point. >> what about the supply dynamics? you are seeing these yields not too

what we you be watching for from morgan stanley? sachs did for fixed income trading, the does this could be a quarter where morgan stanley which has pulled back from bond trading, could surpass goldman sachs in terms of that revenue gain from trading bonds and currencies and fx. goldman yesterday posted $1 billion and the estimate i have here that we collected from our 1.026 billionr dollars at morgan stanley, so that could definitely be a beat and something i will be watching. tom: the single best chart, which really does not show what we see within wealth management and this does not include morgan stanley, but includes other banks. jpmorgan and belt -- wells fargo as excellent, citigroup and underperformer. while's management has been a major triumph of mr. gorman. is it still a business? laura: that is the other thing we should be paying attention to. this is where citigroup used on smith barney, morgan stanley purchased it, and they have been seeing record pretax earnings. billion,urpass $4.22 that would be the fourth quarter o

he spent eight seasons in philadelphia leading the team to a stanley cup appearance in 1997. >> this is something, these are one of the days you take for the rest of your life. the special moments. yeah, it is just an extremely special moment. >> yes,e motional there talking about it. >> yes. >> thanks, buddy. >> up next the impressive display, helping fire up eagles fans for sunday's

(grant) and this time...stanley and this time...stanley just stumbled upon a bulk pick-up issue. bulky item pick up problems while driving home i noticed this pile of debris located on the corner of fifth and king street, in san francisco while i was there i watched where is all this stuff coming from . big item pickup for tomorrow morning . more stuff being added to the pile .. a pile which covered the entire sidewalk and spilled into the street i also noticed a do not leave bulky items here sign hanging from a tree by a piece of string . this was all outside of the arterra condominium complex the pile had everything in it including the bathroom sink fast forward to the next day i return only to find the pile still therethese always some kind of trash there from the apartments and all that it always a mess so start making phone calls .while i was waiting i noticed more items being added to the pile at one point workers from the department of public works were passing by so i flagged them down .. they started documenting the site it turns out the someone in the complex on january

investors are morgan stanley, for example. it came in at a lower cost and earlier than interest rate. people weren't expecting it to be this early this year. positively, and it sent out a very positive sign to the market. jp morgan said he removed the company right now. it was a large overhang. >> tesla is again pushed back production targets for its all-important model three after shipping fewer cars than expected in the last quarter.

pero, desde la muerte de stanley, zÁrate fue arrestado ya ha pasado 919 dÍas tras las rejas en esperagos. >> estamos seguro que el gobierno estÁ usando sus poderes sin ningÚn tipo de Ética porque sÓlo quieren hacer daÑo al seÑor garcÍa zÁrate porque es inmigrante indocumentado. no estamos en acuerdo con el veredicto y entonces estÁn tomando cargos federales. reportera: los dos cargos federales son por ser un delincuente en posesiÓn del arma de fuego y ser un inmigrante indocumentado en posesiÓn de un arma de fuego. algo que su abogado considera que es una reacciÓn racista por parte de la administraciÓn de trompo porque zÁrate no fue encontrado culpable por homicidio. da vergüenza que el gobierno federal, la administraciÓn de trump y vergüenza los tÉrminosde hacer un juicio vengativo . zÁrate continuará tras las rejas hasta recibir una sentencia federal y despuÉs de Ésta, su abogado asegurÓ que estarÁ en peligro de una deportaciÓn. segÚn el nuevo abogado de zÁrate, el juicio federal comenzarÁ entre lunes y martes de la prÓxima semana. luz peÑa, noticias univisiÓn 14. ♪ palmira: y llegÓ

live from davos, we hear from james gorman, ceo of morgan stanley. and the dollar continues to weaken and treasury secretary mnuchin says that is a good thing -- at least when it comes to trade. welcome to bloomberg daybreak on this wednesday, january 24, i'm david westin. theill get you a check on market with taylor riggs. taylor: the biggest story of the day arguably is the weaker dollar. here is the bbdxy index, lower after steve mnuchin said a weaker dollar was good for american trade. bearing the biggest front is the yen, the strongest relative versus the dollar going back four months. futures are upp after poking record gains yesterday. david: thank you, taylor. ge just reported earnings for the fourth quarter with a slight miss on adjusted earnings per share, and a big charge in a loss overall to the quarter. the stock is trading higher in the market, up over 1% as you can see there. heart,me karen it will -- who covers g4s. -- ge for us. so it comes back to power. margin, 2.8h a 3% percent, which was totally surprising. sales were down 15%, r

kicking things off, quarterly numbers from alcoa and big banks including morgan stanley.thursday or all eyes will be on chinese growth numbers for the december quarter, and 6.8 is them that it number for analysts. attention is back on the us at the end of the week. friday is the deadline for the spending bill from congress to avert a government shut down one day after the first anniversary of donald trump's official start at the white house. asian analyst david ho from the motley fool says he expects a gradual slowdown in chinese growth rates. it doesn't mean time is slowing down, it is growing not as fast as it did previously and many think

morgan stanley is expected to be named as a global coordinator.he banks are tentatively valuing the company and 1.5$1 trillion trillion dollars. mandates could be finalized this week. oprah winfrey says she has no plans to run for u.s. president after a rousing speech at the golden globes fueled rumors about her interest in the nation's high office. after i accepting the lifetime achievement award, she said she did not plan to run. speculation helped drive up shares in weight watchers, in which winfrey has a 10% stake. thailand's prime minister has avoided media questioning. that if theyorters had any questions on politics or conflict, they should ask "this guy." he powered a military coup and has previously threatened to execute journalists who criticized his government. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm jessica summers. this is bloomberg. yvonne: we are just breaking some lines here. samsung electronics for quarter profit coming through. it was amiss when it came to th

stanley roberts will likely be there to bust you.stone) and this time...stanley just stumbled upon a big time pick-up issue. while driving home i noticed this pile of debris located on the corner of fifth and king street, in san francisco while i was there i watched where is all this stuff coming from . big item pickup for tomorrow morning .more stuff being added to the pile .. a pile which covered the entire sidewalk and spilled into the street i also noticed a do not leave bulky items here sign hanging from a tree by a piece of string . this was all outside of the arterra condominium complex the pile had everything in it including the bathroom sink fast forward to the next day i return only to find the pile still therethese always some kind of trash there from the apartments and all that it always a mess so start making phone calls .while i was waiting i noticed more items being added to the pile at one point workers from the department of public works were passing by so i flagged them down .. they started documenting the site it t

morgan stanley does not cover whizz but it may be a big arnie potential.tively new and labor costs are lower. its greens very well, along with easyjet. interesting space to keep an eye on, or sure. vonnie: abigail doolittle with our stock of the hour. mark: time for the bloomberg business flash, look at some of the biggest business stories in the news right now. national has agreed to pay $3.3 billion to buy a business from liberty mutual. lincoln sells annuities and other retirement products. the liberty business sells insurance through employers. deputy with a $900 million taken berkshire hathaway. they discussed the holdings with the insurance executive, name the vice chairman, of buffett company earlier this month. there was a rough holiday for british retailers. retail sales fell in december. the yearly gain of 1.9% was the smallest in four years. all of that is further evidence of inflation and shaky consumer confidence are hitting british stores. that is your latest bloomberg business flash. some stock could double it was not as complex, according t

el aplauso para mi paul stanley. oye, sí, en hoy no te dejan hablar, aquí di algo...raron antes. vítor: oye, qué tienes una agencia de modelos. invítame a algún casting, yo soy re-bueno para escoger. imagínate yo de modelo acá, música de modelo. sí tengo la percha, ¿no? ¿te gustaría? sí se la mató al kikín fonseca, ¿verdad? faisy: bueno, es que el porte es diferente. vítor: perdón, pero hasta en los perros hay razas. ellos vienen representando a la familia cervantes. ahí está, qué guapas, qué guapa, ay, perdón, güey, chale, dije se vino sin maquilarse, perdón, eras machín, discúlpame. bueno, me voy del otro lado, aquí sí son mujeres, qué mujeres, no cualquiera, qué mujeres. señora, no se vaya a poner celosa, deje que su marido se eche un taco de ojo, mire nada más. empezando con una gran actriz, también la hemos visto en teatro, cine, tv, ana patricia rojo. ay, ana patricia rojo, de veras, qué te digo que no te hayan dicho antes, ya los piropos se te gastaron en toda tu vida, ¿verdad? ¿digo algo bonito? a ver, dice así, te tengo preparado algo ahorita. ¿sí estás ahí,

morgan stanley like you do sometimes, grandpa? and puffed...hen you have copd, it can be hard to breathe. it can be hard to get air out, which can make it hard to get air in. so i talked to my doctor. she said... symbicort could help you breathe better, starting within 5 minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. symbicort helps provide significant improvement of your lung function. symbicort is for copd, including chronic bronchitis and emphysema. it should not be taken more than twice a day. symbicort contains formoterol. medicines like formoterol increase the risk of death from asthma problems. symbicort may increase your risk of lung infections, osteoporosis, and some eye problems. you should tell your doctor if you have a heart condition or high blood pressure before taking it. symbicort could mean a day with better breathing. watch out, piggies! get symbicort free for up to one year. visit saveonsymbicort.com today to learn more. if you can't afford your medication, astrazeneca may be able to help. when this

stanley roberts explains. you got me stanley! are you doing (hysterical laughter) you know better right (hahahaha) he know better he does that all the time ahh does he?if you build it they will go around case in point pier 39 parking entrance on beach street in san francisco you are permitted to turn right but not left nats: ambiancein fact there is a barricade and a no left turn into garage sigh, and since it's a commercial district u-turns are also not permitted infact just 250 feet away is the entrance where left turns are permitted.nats: ambiance so based on all the information i just supplied there is absolutely no reason whey anyone needs to turn left . so let the games begin nats: ambiance what is it about a barricade that makes people want to go around it lets ask see that sign right there you just turned in front of what does that say no left turn into garage (wasn't the car in front of me doing this) yea you followed him that why that's the way were doing see the sign no left turn see those barricades so apparently if o

at morganthat stanley, and we saw that at goldman sachs.trading needs is volatility in the problem is that we need to fix up and volatility. the ball with that is that these banks also had very good capital markets activities. and they had very good investment banking. down ifthose will trend we lost the volatility. so you have to be careful what you ask for in banking. shery: what about loan growth credit? credit is benign. we saw a reasonable growth in credit. how much growth we can get -- because will the tax bill orually spur loan growth will it just be confusing? the bottom line is we don't know yet. banks showed reasonable but not stellar loan growth. there's optimism, that it is to be determined on loan growth. it seems like you had a bit of a flurry of deals for a little while, some consolidation on the lower market cap buying. that came to a hold. what happens next? for deals.et up we have an industry that has a lot of capital because of tax reform. we have high tax -- stock prices . all that suggests that deals are on the offing.

the shares for morgan stanley are rising. you are going to break down the results next.s is bloomberg. ♪ ♪ scarlet: this is bloomberg markets. time for the bloomberg business flash. a check of the biggest business stories in the news right now. american airlines hiring hourly shuttles. willompetitive route provide for business travelers. free beer and wine will be offered in the main cabin. 15 flights will be running every weekday from chicago and laguardia starting april 4. goldmantanley joining sachs on bitcoin futures. he tells bloomberg the firm has been doing tour he meetings on ways to engage cryptocurrencies. they are the only wall street banks offer and that service to clients. that is your bloomberg business flash update. julia: let's talk more about bitcoin. he said the revolution will go on. back in 1900,that when my son said to me, you really should i it going. said, young man, what you know about financial industries that can never work? around the hard way that he was right. i caught up last year inserted to rethink this. with the amazing financial revoluti

stanley roberts explains. you got me stanley!are you doing (hysterical laughter) you know better right (hahahaha) he know better he does that all the time ahh does he?if you build it they will go around case in point pier 39 parking entrance on beach street in san francisco you are permitted to turn right but not left nats: ambiancein fact there is a barricade and a no left turn into garage sigh, and since it's a commercial district u-turns are also not permitted infact just 250 feet away is the entrance where left turns are permitted.nats: ambiance so based on all the information i just supplied there is absolutely no reason whey anyone needs to turn left . so let the games begin nats: ambiance what is it about a barricade that makes people want to go around it lets ask see that sign right there you just turned in front of what does that say no left turn into garage (wasn't the car in front of me doing this) yea you followed him that why that's the way were doing see the sign no left turn see those barricades so apparently if on

morgan stanley was fine. there's something that needs to be fixed at goldman sachs because it doesn't seem to be a problem with morgan stanley and in fact now, morgan stanley's commodity business is now perceived to be better than goldman sachs, which again, for many, many years, they were the new england patriots >> this stock a no touch now or what is it how would you characterize it? >> i think it's cheap. you look at the trading, which is what everybody's focused on that's not good to joe's point that's terrible. as buenos airad as we've seen if we look at the investment banking side, that's up 40 plus percent, $2 billion. not a bad number, scott. given the earnings they were able to report which they crushed on top of what we're see i, the larnger piece, maybe they're focusing on that too much because i think going forward, there's going to be improvements there i can't imagine it getting worse in that category >> now you'd like to have a guy like nick saban go after these guy, judge, for this reason. so

stanley: remember this: cannot change the laws of god.hat, that's like he has increased the strength of the foundation of your life and your faith in him. [music] live look outside...sutro tower. dave spahr is here with your weather forecast. (dave)dry and cool conditions today will become replaced by wet weather this evening and overnight as a cold front moves southeastward over the area. briefly gusty winds will accompany this front. rain will gradually dissipate as the front moves south. the weather pattern will remain active this week, with more rain likely by midweek. ( marty ) ( marty ) ( marty ) in san francisco, there is a constant battle to find a parking space. stanley roberts finds that some people could actually be paying twice for the privilege of parking in front of their home. over on vienna street in san francisco is this white curb which reads don't block the driveway or your vehicle will be towed nats: ambiance it looks menacing enough, if fact it almost looks official . if you cruise around the city you may see all type

stanley: remember this: cannot change the laws of god.ited you in some form of adversity and he brings you through that, that's like he has increased the strength of the foundation of your life and your faith in him. (jrstone) time now is 10:30....welcome back to the kron4 news. i'm j.r. stone. (justine) and i'm justine waldman. a small east bay community is worried about a methadone clinic in their neighborhood. over 14- hundred people in el sobrante signed a petition opposing the move.(j.r.) kron4's jeff pierce talked to community leaders and has the latest. this is the unicorporated community of el sobrante where the city of richmond wants to relocate their city's methadone clinic. on saturday el sobrante residents staged a protest of the proposed move at richmond civic plaza. residents voiced their concerns about the move to their community.the patients won't be supported properly.we don't have a police department, we don't have public transportation for these patients we don't have supporting community resources like other medical fa

stephanie, that is a bunch of total and complete nonsense. >> stanley, you're a lawyer. you were involved in watergate, but i want you to put aside the legal part of this. are there other similarities, whether it is questioning a president's mental fitness, whether it's his fitness for office, whether it's a white house in chaos, where you draw parallels to watergate? >> i don't think so much watergate because there wasn't an issue of mental acuity on the part of president nixon, but you've had this problem arise, the question arise, not a problem, but the question arise with fdr before the 25th amendment when he was sick and his wife essentially took over the office for a while. ronald reagan had a period of time towards the end, dwight eisenhower might have. it's not so clear whether there were questions about his own acuity. never has america take ton driving out a president based upon assumptions or as karen said, weeg being unwary. if we drove a president out of the office because of the way he tweets it would be a true constitutional crisis of some kind. >> you're

and then stanley horn wrote a wrote a book in the 1950's. conley, autumn of glory in the 1970's, and wiley sword confederacy's last raw, which was -- hurrah, which was in the early 1990's. if you would read these four books, which you really shouldn't -- only people like me should because i am going to write one -- it is like i was telling you about the tv channels and the networks. the same event can be told differently. and every author, it is like every 20 years somebody wrote a book on the same subject. keepsl of a sudden hood getting -- it becomes more harsh on hood. it starts out with thomas hay just basically discussing hood as any -- as an army commander who partook in a campaign and was defeated. all the way to wiley sword which was, you know, quite more than that. i have always said, why, why would anybody in these towns and in these areas actually name landmarks after a drug addicted, womanizing, backstabbing, murderous fool? -- inre is, there was virginia and in georgia, it is not surprising that they would name something after h

"oracle shares up nearly 3% after an upgrade to overweight at morgan stanley. that firm turning positive after nearly two years we've made it our call of the day. steph and pete, you both own it. steph, you first they give you five reasons why the stock continues to go higher. >> i hope they are right this has been a very frustrating stock, very frustrating. the last three quarters were very disappointing, so i can see why the stock has pulled back for sure now that said, okay, the valuation is pretty attractive they do benefit from tax they do benefit from cash repatriation. >> yeah. >> maybe, maybe cloud can actually do better i know their license business is actually poised to do better but this is a show-me story and won't get away from any of us until they report a really clean quart we are good guidance just about every other tech company has done so, and these guys have had such a struggle. >> that's what morgan stanley thinks. >> the stock performed in line with the market last year. >> yeah, it has, but it's not -- it's relative to microsoft, i mean, w

morgan stanley when it might be time to buy or sell?ith fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. >>> welcome back, time for final trade. >> winchell financial, now you're going to be the models coming in, don't be afraid it's going higher. >>> sears holdings, comp store sales were down between 16 and 17%, there's no words to describe that. the stock is up today on short covering it's your time to get out. >> kodak coins, and i would hedge them with polaroid coins i want people to key an eye on the commodities indices, specifically the gsci is already broken out i think you can see the bloomberg modsity index brea out within the next day or so. this is a very interesting air. >> am i cudicus. >> haspro. >> sisterius, surgical equipment, used to pay 38% tax you notice paying 21 thank you, president trump have a good time at ceo s. >>> thanks, scotts very interest, rates are on the rise china doing something that may change th

morgan stanley commenting that the improvement in sales came as a positive surprise.ability on the 2018 order in t -- intake, u.s. remains strong. it is up 3.5%, hitting its highest since last year. roche down after the cfo said he sees pressure on profitability as the company loses some exclusivity on certain drugs. pressure, as is bp, taking a 1.7 billion dollar charge on the deepwater horizon closure. this is fullyys manageable within the existing financial framework, but still a loss on bp, down a little more than 1%. thanks for that. ahead of this weekend's first anniversary of donald trump presidency, republican leaders in washington are said to be weighing a stopgap spending bill extension to february 16. so the government doesn't have to stop -- shutdown at this time. they don't believe they have time to complete a fiscal year this friday'sby deadline. "the washington post" reports the chances of an imminent shutdown under -- are increasing. still with us, luke hickmore. the private and often takes credit for the stock rally. do you think this is a trump rally

stanley: remember this: cannot change the laws of god. when he has visited you in some form of adversity and he brings you through that, that's like he has increased the strength of the foundation of your life and your faith in him. [music] disaster.. to help residents recover from the thomas fire in santa barbara and >>> new tonight on the fire watch, president trump has declared a disaster to help residents recover from the thomas fire in santa barbara and ventura counties, money will soon be available through fema, it broke out december 4, and became california's largest fire ever, burned more than 281,000 acres, it is 92% contained tonight.>>> cats love eating fish, but check out these pictures, a mountain line club that burned its pause, now has fish skin covering its pause, the so-called biologic bandage, dramatically speeds up the healing time, it will be headed to is you are sanctuary once it is all better. -- to a zoo or sanctuary. >>> a massive die off four years ago. >> increased sightings throughout southern california, starfi

how is morgan stanley as long as we're talking -- >> morgan stanley is good.n you look back at these, actually there was no one -- i can even make a case for goldman, that is not cheap and better than the average stock in the market because of the tax reform and because the possibility of the yield curve changing and just more spending money for people and i think that some of these stocks have become political the fact that the banks are doing well after being companies viewed as being not great actors during the previous era is still stinging these guys. i listened to an excellent report about credit conditions being tight. that's going to change the idea they sell between 10 and 14 times earnings makes no sense. they are growth companies. >> okay, great we'll talk more about the full year market potential and what happens this weekend are you nervous yet or you're good >> i'm plenty nervous. these guys have a good "d. "d" wins ball games. >> when is it? like sunday night. >> 6:38. >> i think you'll be on a plane. he's doing the eagles -- flies e fly eagles

. >> morgan stanley topping estimates with brokerage profits sending a new high for a fourth straightuarter. >> this is the one area they miss with six income training, i would say if investors would go to dictate area for them to invest, that would be the one and still in life with her annual target so morgan stanley is executing on plan, they're coming and within that night to the 11% range and that is the key ones i think investors are really going to focus on how much health we're getting from the market and where we go from here. >> we are seeing the morgan stanley is the power of their diversification and the strategic decision they made to whaty push forward in management and that business is over 40% of earnings and that should only increase from here. so you are seeing the diversification benefits and this is the corner where we can a fixed income trading backdrop is going to be difficult and they still and of having a good result because of management is a much bigger driver today. so i do think that there executing and it is the strategic push toward wealth management. >> c

stanley: remember this: cannot change the laws of god. when he has visited you in some form of adversity and he brings you through that, that's like he has increased the strength of the foundation of your life and your faith in him. [music] ,$8drw nats movie >>> tonight after half a century, a hollywood legend are is making a comeback. >> is that filbert street? i'm not sure. you're looking at the birth of the ultimate hollywood car chase during the thrill rides of the streets of san francisco. in the 1968 classic bullet. do you remember that? the bad guys for almost ten minutes on screen. but after the movie, the cardis appeared. there was no trace of it until now. >> it was never meant to be a secret, it was just our car. >> it's been sitting in a barn for i don't know how many years. her late husband bought the mustang for $6,000 in 1974. later the family refused to sell it back to steve. well he wrote them a letter, i will buy it at any price. he wouldn't sell it to them, and ford unveiled the original bullet car at the car maker's au

stanley.tside. even there, it is a little bit different. we're still not saying women inside of wall street banks being comfortable enough to speak up publicly and name powerful bankers and have them lose their jobs. you know what, we are still married couple of months -- it was only in october that weinstein was pushed up. maybe will see changes in 2018. scarlet: thank you so much. you can read max's entire story in bloomberg businessweek. uncertain futures as the dreamers weight in limbo. john kasich of ohio has offered solutions of his own. we will hear from him next. this is bloomberg. ♪ scarlet: what'd you miss? john kasich joins forces with bush, saying if we believe america is made stronger by families, let us strength and families who choose to call america home. the federal government should not become the instrument for attacking them. john kasich spoke with david westin and sherry ahn on balance the power and asked about the approach he would take. >> these young people are right on

shellett, , lisa morgan stanley. also with us, michael mckey, economics and policy correspondent for bloomberg news. treasury secretary said that the tax cuts will be good for the economy. jobs.ll create he gave a shoutout to al-mart for their announcement to raise minimum wage and saying it dds to the money companies that have given people wage increases. do you see that filtering economy?o the a lot of people say that companies like wal-mart needed to make this move of the tax cut. >> yeah, but our nterpretation is that it accelerates the potential for boom or bust in this cycle. what it does is it pulls forward some of that consumer nto paychecks that may get consumed. focusing on how uch of the enthusiasm around christmas retail sales was funded on credit cards. been prespent their rojected tax savings and this euphoria we're seeing is in the numbers. so there's nothing left. > i'm curious about implementation. there were questions about whether it would be messy. rushed?ing compared to past tax changes -- >> wea

(pam) and stanley roberts shows us how bad it is ... from the so - called..rashleaves, twigs, used motor oil, shoes yes i said shoesnats: ambiance those are all the things one might find after the first flush, the first flush is what happens after the first big rain session nats ambiance often when you see a storm drain like this one in belmont next to it you see this sign , it reads no dumping, flows to the bay which means it hits the bay areas streams like this blue rubber glove then its makes it way to the san francisco bay nats: ambiance ok let's do the math , according to save the bay a cigarette butt . that can take 2 to 5 years to breakdown nats ambiance what about the rubber sole of a boot? well that can take from 50 to 80 years to breakdown nats: ambiance a soda can .. 200 to 500 hundred years .nats: ambiance a plastic jug ir water bottle . are you ready for this 1 million years .for every action there is an equal and opposite reaction . the action is dropping some trash on the street thinking someone will clean it up the opposite reaction is that sa

we are talking about a euphoria according to market stanley -- morgan stanley. bear market? something we've been talking about as we've gone through the program. to what extent is that move going to drive equity markets? twohe currency markets, day of this story. this is the strength of the japanese currency. up for a second day. just scaled-back one of their regular operations. that has got people scratching their heads as to just when the boj is going to move away from its ultra-loose monetary policy. 0.75%,up around extending gains after touching three-year highs yesterday. the question is whether the bond markets are telling us something that is of consequence for the equity markets. the bond traders are nervous. perhaps a little bit uneasy. you've got jeffrey gundlach calling as the market in u.s. treasuries breaks. last year he called 3%. 12 months on, he's back with his bearish growth. view.job is to have a bill gross' view is that the longer term trend is breaking higher. to that end, you are going to see a move. you are just seeing a repercussion. go to

stanley roberts explains in this edition of people behaving badly.ed this pile of debris located on the corner of fifth and king street, in san francisco while i was there i watched where is all this stuff coming from . big item pickup for tomorrow morning .more stuff being added to the pile .. a pile which covered the entire sidewalk and spilled into the street i also noticed a do not leave bulky items here sign hanging from a tree by a piece of string . this was all outside of the arterra condominium complex the pile had everything in it including the bathroom sink fast forward to the next day i return only to find the pile still therethese always some kind of trash there from the apartments and all that it always a mess so start making phone calls .while i was waiting i noticed more items being added to the pile at one point workers from the department of public works were passing by so i flagged them down .. they started documenting the site it turns out the someone in the complex on january 4th scheduled a bulk item pickup for the morning i retu

stanley edward a gifted student who dreamed to go to college. he died of brain cancer in 2002 at age 14. his mother and father kept his moth's live by raising money for cancer research and college scholarships. >> we just want to thank everyone who has come out today, on this, blistering cold day, to celebrate his legacy, and to start the new year off right. >> after the event, runners gathered inside to collect prize and meet withstandly's family. foundation has raised more than 200 you this dollars since its inception. >>> well, township tradition returns, thanks to the bitter blast, our vittoria woodill is live in abington montgomery county. she left nick's house to show you frigid fun that they have all been waiting for, tori. >> reporter: yes, i was just asking how long have you been out here. >> two or three hours. >> reporter: two or three hours. my no business to fall off a few minutes. manual is smart one. he has been out here a few minutes. happy new year, everybody. can we say happy new year to everybody. >> happy new year. >> we are

morgan stanley wraps up earning season for big banks, so far results have been strong despite headwinds tax reform one-time charges, et cetera, we will bring you the numbers when morgan reports, right now stock is flat when it goes to the numbers. bitcoin bounces back and bitcoin is up about 11,000 right now posing a 20% gain from the lows overnight and hear from expert in investing in bitcoin, one of the lead investors, he will join us shortly. new 10-dollar and under section. now am done going after the big budget stores, we are going to take you there, tell you what to find. first, though, the top stories half an hour, house makers expect today grill chief of staff today over the agency's handling of hillary clinton e-mail scandal among the questions for jim, why former fbi director jim comey did not recommend charges against clinton. >> we already know this case was handled differently from any other case at the fbi agents could remember. now, part of that is that you're dealing with a presidential candidate and we want to make sure that that was the only reason that it was done dif

and we sent our very own stanley roberts to the city of san bruno... it's 7 am in the morning in sand i'm at the shops at tanforan. where the target parking lot is already starting to fill up nats: ambiance you see carnats: ambiance after car nats: ambiance after car rolling in looking for a parking spot! is it because of a huge sale at target . nope , if that were the case there would be hordes of people outside the door waiting to get in .but there must be some kind of special going on.. so i asked someone and her response cause it's freeoh because it free and who doesn't like free ninty nine . but the reason why i'm here is because a viewer sent me a letter not an email an actual letter if you still remember those the viewer was upset because when he needed to shop at target the parking lot was always full. hours before target even opened and he was forced to park way in the backnats: ambiancethe reason . well let's watch this guy with tie purple tie he just parked and now he is off . no, not to go shopping in fact here he is heading in the opposite direction of the mall so where

reccomdations was a tractor maybe the city of saratoga can use the tractor calming method in saratoga stanleyrts kron 4 news the warriors defense must have been blinded by the utah jazz's uniforms tonight... the jazz's rainbow uniforms are supposed to represent different parts of utah... okay... the warriors lone bright spot... klay thompson... 27 points and 3-5 on threes... but the jazz were on fire... joe ingles... knocks down one of his 6 three-pointers... the jazz shot 50-percent from behing the arc donovan mitchell... went for 20 points... as the jazz go up 15 in the 3rd quarter and ricky rubio... 23 poiints and 11 rubio... 23 and ricky quarterthe 3rd jazz go up 15 in points... as the went for 20 kron 4 news slow down.drivers to getting method of getting drivers to slow down. the backroads of nats: ambiance where paying attention can keep you from getting hit by a bus nats: ambiance you need to watch out for the deer and the narrow roads.nats: ambiance in fact they recommend you navigate some of the roads at 22 miles per hour sound of car skidding wait does this sign really say 22 miles

great passion was filmed in london he was fortunate to team up with the stablished film composer stanley myers. what interests me most is telling a story with music that's why film and me fit very well i didn't want to write a symphony i didn't want to do any pop by the love film. composing the music for a man established in hollywood. after that success similar move to l.a. and became one of the most in demand film composers at the age of thirty seven he received the ultimate accolade an oscar for the soundtrack to the line. there. comes a similar collect sounds he combines world music classical and electronic music to create individual soundscapes for horror. comedy. or action there are certain directors he works with regularly but christopher nolan . similar has worked on more than one hundred fifty films including the monumental score for ridley scott's epic gladiator in which he admits to parity wagner. cognition lot of i don't want to keep doing the same thing that i have to jump from an action film to a comedy or to something small collider for that gives me the ideas the differen