you had morgan stanley cut to an underweight.e lowest was down to a price target of $50 a share. this is bracing for further press the kleins. if you come into my terminal here, we have charted the major performance of these banks over the last six months. you can see wells fargo is turquoise. down here i can point with my mouth in blue. you can see a little bit of an increase here in january. we had earnings coming out with relative outperformance relative to citigroup and goldman. take a look at what is happening. today that is dragging it down. you have only an 8% gain versus some of the other banks that are dropping anywhere from 15% to 30%. vonnie: no one likes handcuffs being put on and say you can't grow, but in a way, this could be a gift for wells fargo. now i can concentrate on that site fix everything else about its operations. might it be a time to get in? taylor: some analysts were saying that the financial burden was not that bad. interestingly enough on the deregulation side because the fed acted so quickly, now yo

bear real is the lead botanist in the stanley brothers' lab. this is charlotte's web?ght. >> what do you do with this heart? >> right now, we make our whole plant extract with the plant. we cultivate it in the field. we grow it until it flowers. we harvest it dry and bring it back to the lab to do an extraction on it that turns into our charlotte's web oil. >> would you call that a marijuana plant or a hemp plant? >> a hemp plant. >> reporter: distinction that the stanley brothers and everyone that works for them makes between hemp and marijuana is important to understand. a botanist would tell you the plants are the same, but according to the federal farm bill of 2014, a plant with less than .3% of thc, the ingredient that gets high, is hemp. >> so, this is all hemp. it has lower than .3% thc. >> lower than .3? >> .3. that's right. but it has a naturally very high amount of cbd. >> reporter: cbd is the chemical compound some believe helps people with epilepsy. when you look at this plant, what do you see? >> i see beauty. i see wonderment. i see incredible opportunity

lonnie wong explains tells us about stanley's goals - as he takes on his new role.ren stanley is the man at the top of an 11,000 person agency with 7,500 sworn officers. he is the first african american appointed to the post and comes after years of experience in charge of just about every section of the chp including commander of the chp academy. now 56 year old warren stanley is the man at the top of an 11,000 person agency with 7,500 sworn officers. he is the first african american appointed to the post and comes after years of experience in charge of just about every section of the chp including commander of the chp academy.growing up in a small farming town 45 miles outside fresno, the chp was often the only law officers around...growing up as a young child i always liked helping people..i just wanted to graduate from the academy and get out on the road and help people...the agency now is more than just patroling roads and highwaysover the years they've taken on security and crowd control duties at the state capitol...enduring recent claims that they've taken t

earnings growth morgan stanley has a bit of a differing opinion. they talk about, you're going to get good gains through the first quarter. and then all bets are off after that >> you know, the effective tax rate and whether you should be overrated u.s. domestic versus europe is really the call of the day. i say there's nothing wrong owning u.s. stocks and there's lots of opportunity in the mid-cap space to see the change in earnings but to ignore europe, the black rock call, is wrong. make the nestle, let's assume you think the u.s. dollar's bottomed out half these companies have their companies in the united states why wouldn't you want to own them when you have a currency going back up if you have growth if black rock makes a call against europe, they have to make a call. i'm putting every dollar domestic i buy europe as well i want to own nestle and american british tobacco because the earnings momentum is just as interesting as what we have going on in the united states. and their dividends are succulent. >> okay, so then, josh, how do we figu

their forecast to 130 and a high target for morgan stanley. the bond sell-off continues, $258 billion of supply coming on this week and felt in the tenure 2.9% is how we trade in crude and up modestly. david? david: for now what's making headlines, we have kayley here with the first word. kayley: president trump has set aside long-standing differences with former republican presidential candidate mitch romney. the president endorsed his run for a u.s. senate seat in utah. romney has been critical of the president but lens are trying to hold on to their majority in the senate. meanwhile, president trump is open to tightening background checks for gun buyers. the white house said the president talked with republican senator john cornyn about his bill to improve compliance with the background checks. the republicans long proposed bills but is finding a way to curb gun violence after last week's shooting. teresa may's team has a plan to halt brexit payments in the european union back slides on a trade deal. according to those familiar with the mat

roberts kron 4 county stanley in marin behaving badly people behaving badly in marin county stanleyberts kron 4 county stanley in marin county stanley roberts kron 4 news we begin with a developing story that surfaced earlier tonight--- earlier surfaced story that developing with a we begin news news we begin with a developing story that surfaced earlier tonight--- giants great and hall of famer orlando cepeda...rushed to a bay area hospital. this is according to multiple reports. at this time-- it's not yet known why he's receiving medical attention...nor do we have any details regarding an illness. the 80-year- old... one of the most legendary players in not only giants history, but in all of major league baseball. the man known as 'baby bull'.known for being a consistent power-hitting 1st baseman...and was key in the club's bid for the national league pennant in 1962. the 11-time all-star has a statue in front of at&t par. we'll continue to keep you updated as we receive more information on air and on kron4.com. this news comes on the same day the 2018 giants welcome the full squ

how could somebody named stanley give birth to barack obama?ham sounds like a familiar name, and i don't know why i would know who made george washington's wooden teeth. that doesn't seem like a familiar name to me, 'cause i thought that was a myth. i'm gonna go with gave birth to barack obama, c, but i don't know why. does he really have wooden teeth? >> you have to lock it in. >> oh, sorry, final answer, c. [tense music] ♪ gave birth to barack obama is right. >> what does that mean? >> obama's mom was named after her father. the "a" stands for ann. [cheers and applause] >> i was a political science major. i should know if george washington had wooden teeth. >> hey, you got it right. you're still in the game. $20,000. now a shot at a $30,000 question. here it is. [dramatic musical sting] ♪

to sort it out, we welcome my comments, and stephen stanley -- mike holland and stephen stanley.a bad dream that went away, or are there aftermath to this we should take care of? >> i think we are in an economic environment that is different. we have gone a decade where the fed was super easy, no questions, and inflation was viewed as low, and now i think there are some questions about tolation and it is likely accelerate. the fed is likely to continue hiking rates and the markets have come to that realization. it doesn't mean that stocks have to reprice by 10% to 30% because the economy is in good shape, but it does suggest we will get more volatility. lisa: to that point, what does this new potential economic ,eality mean for markets? mike what is your take? we are seeing a jump on yield dropped almost three months in tandem thomas are you are seeing the rebound everywhere. mike: there's no new news in the interest rate discussion we have now. lisa: you want to make some? [laughter] mike: yeah, they're going up more than anyone suspects. lisa: what should we pay attention to? m

stanley: remember this: cannot change the laws of god. 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] ( robin ) when a spare the air day is in effect, it's illegal to burn things in a fireplace - woodstove or outdoor fire pit. but the national park service is taking the rule a step further. kron 4's stanley roberst explains in this edition of people behaving badly. something is missing from ocean beach i think it's appropriate i mean the whole fire thing is getting out of handfrom november through february all the fire pits have been removed from ocean beach it's part of spare the air it's also done to cut down on a problem which has plagued the beach for years this sign says it all, no xmas tree burning , recycle yes burn no although the sign has been hijacked and used as a shield from the wind nats: ambiance so all the fire pits have been removed to keep people from burning anything including christmas trees i d

draws more than 850 people to the stanley middle school gymnasium... with the line to get in -- stretching outside the door.nancy morgan/mother- "i'm concerned about the powerless feeling that i have about, not just school violence, but violence -- gun violence in general." nancy morgan and her husband's two older boys studied at lafayette schools. nancy morgan/mother- "i think that assault-style weapons need to be banned." they are in california... but representative mark desaulnier (duh-sohn-yay)... the host of this town hall... says not at the federal level... which falls on the lap of congress.mark desaulnier/con gressman- "in the three years that i've been there, there've been over 300 gun violence bills introduced -- none of them have had a hearing or a vote. so, we need to have a hearing and a vote." during the 90-minute gathering... several in the audience had a chance to speak and ask questions... or, just make statements. some taking shots at president donald trump and his ideas on how to make schools safer.no name/speaker- "arming teachers i

more colton bush he was in a vehicle with several others when he was shot in the head by gerald stanley stanley said his family and property were under attack and the gun had misfired when he tried to frighten those in the car for his trial defense lawyers rejected all potential jurors with indigenous backgrounds it took just fifteen hours for an all white jury to acquit stanley of second degree murder. protests erupted across the country last saturday against a verdict many saw as racially motivated indigenous activists say the criminal courts routinely deny them justice both as victims of violence and as defendants. their son all over again to say that his life has no meaning and this is allowed and then what does it mean for the rest of us like do we need to keep worrying that our lives are in danger by people who have racist ideas about members of bushies family headed to auto to press for change to the justice system after two days of meetings the family says the government is listening to them and they're keeping up pressure for action not just words of comfort as a family we want

stanley roberts shows us in this edition of people behaving badly.es to be to be found on along the richardson bay shore line in marin county and these are venetian blinds you know what you do with those you ever seen when they puts slats inside chain link fences so when i said treasures, i was being facetious what you can find are thing that shouldn't be on the shoreline this is a photo of syringes that were found under highway 101 by a retiree who spends a lot of time on the shoreline getting exercise and cleaning the beach he declined to show his face on camera but he agreed to take me on tour he told me how this area is being trashed and when i say trashed i mean whole bags of trash like the one in this photo he snapped but he goes further there is a whole contingent of people that live on their boats who as you would say they behave badly, by throwing their garbage and worse of all their sewage and needles into the bay but from this vantage point you don't really see many boats which could be cause the problem so i placed a call to the marin cou

with us as well -- of morgan stanley.e want to know what the internal out 5, 6, 7, 8 years does with of the wall of money that continues to change assets, do you assume irr has to come down? klaus: we have seen funds reacting to this. number one, they have set up more low return funds and you have seen this across big asset managers. secondly, it has come down, but all the funds are getting more fundstive we have seems -- where they buy us at in france today and in germany. we have seen funds trying to be nominative and find the right assets. tom: what is the effect of the wall of private money and supposedly information smarter money? what is it doing to the public markets? seen the return of public to privates. for example, if you go to last year, 6 out of 10 in europe, some of you remember starter -- we have seen net a couple of years ago taken private. much lookingpretty for bigger assets and newer opportunities and therefore, the public market is a good target. in zurichriend is today. -- is moving his platform from

it was held at stanley middle school in lafayette. >> it was a packed room. >> reporter: nearly 1000 people crowded into the auditorium at stanley middle school in lafayette this morning to discuss the deadly florida shooting and what can be done to keep our kids safe.>> it is awful to worry about somebody coming into a school and shooting at your kids. the fact that that happens is horrifying. >> reporter: it was organized by a congressman who says gun regulations would reduce violence, if only congress were willing to act. >> universal background checks would get rid of the loophole. number two, putting the assault weapons ban back in place nationally. >> reporter: the aftermath of shootings often unfold to a well-known pattern. initially there is support, but it usually ends with an action on the part of lawmakers. attendees at tonight's meeting say they hope this time will be different. >> i am very hopeful. the young people are coming out. they are going to take steps, that i is a adult should do the same thing. >> reporter: the price of inaction, he says, is simply too high. >>

morgan stanley is buying the yield on the debt.in reflation and rates getting out of control is utilities and the bond proxies. they have underperformed dramatically. technology stocks have outperformed which it makes sense. if you think rates are blowing through 3% on a 10 year, at some point that is going to have a gating factor on the high multiple areas. our downgrade was predicated on semiconductors than the big cap grow stocks. -- gross stocks. francine: windy by the vix? -- when do you buy the vix? mike: we want to be patient. we are not in a rush to buy this particular debt. we said that because first, the volatility that picked up on thursday and friday was a result of the rate move reaching a point where it was having a gating factor. we saw throughout work that was going to create pressure on monday and tuesday. we saw the implications of that overnight on monday was some of those strategies liquidated or moved toward liquidation which caused selling. there is a bit of a regime shift going on p we call it reflation to in

last year late in the year the morgan stanley state was disclosed in shares popped higher.ck about $10,000. they have been very early on the bitcoin, crypto train. the ceo said they have an excepting bitcoin as a payment for the e-commerce business. they also have a little bit of an i-banking venture. david: given the problems bitcoin has had, it come way down. shery: 10,000 today. the volatility will be tied to bitcoin? abigail: you are right about that. on one hand and his e-commerce business that some are saying maybe they will sell that offer about $2 billion. than they have this medici ventures. if we hopped to the bloomberg and take a look at 3900, we can see just how right you are. in white we are looking at overstock.com. last year, flatlining with bitcoin. late in the year bitcoin took off. overstock.com took off. and it is almost a proxy or trading vehicle for crypto and bitcoin. bitcoin does look like it have been more upside, let's say 11,000. the technicals are pretty bearish over the longer term. it could really pull back. shery: no wonder we are getting the h

our objective is to win the stanley cup. we are not going to do something that gives us a little better shot this year, maybe 2% better shot this year that will hurt us down the road. we're sticking to what we planned four years ago and we're not deviating. >> flyers didn't make any trades but they did pick up a player, signing 36-year-old defenseman on waivers from the senators and he brings playoff experience to the flyers winning two stanley cups with the blackhawks. >>> phillies named aaron nola as the starter. he spoke about getting that opportunity for the very first time. >> it's exciting, an honor to be named that. it's one game. there are a lot of other games i want to pitch throughout the season. >> he earned it. unequivocally the right choice, an absolute gamer and grinder and stud and we're proud to handcuff hahave him on our roster. >> sixers may have a new familiar face on the roster. hawks officially named ilyasova. he will sign with sixers. he played 56 games last season and asked what his return would mean f

morgan stanley saying the off.ure we have seen is time to look into treasury again. three --uld end around 325 by year end. this is showing you the speculation and if you had to what you can see on the side, we have record wages against the 10 year treasury. we are seeing now is some parent shortt risk, cutting it by just over 59,000. -- could since november. mixed messages over where, but parente names over positions. a >> the president is ready to impose the stiffest tariffs on steel imports according to bloomberg reporting. of course, that would be a move that china. . wanted to take a step back this is china's steel output of the total. you could see that through the mid-90's. 2001 and youin could see that since then it has the kind and since then it has hovered around 48%. 11 president has until april and we will discuss this in other potential terms later. you know what is doing really good? .ech stocks the selloff we saw in early february erased. nyse index and includes things like baidu. they all capture this global behemoth tech stock. that is at a new high.

morgan stanley warning the biggest test of the market is yet to come. unveils newer charges in the russia probe. president trump actively defined this weekend saying friday indictment -- friday's indictment vindicates him. we are already 30 minutes into the u.s. trading session. abigail doolittle is here. an interesting few weeks of our in 2018. abigail: looking at mixed trading action for the major averages. week, the major averages having their best weekly performance in years. with, a bit of a pause investors looking for direction and consolidation here. the dow down .6% at session lows. the nasdaq ever so slightly higher. the dow being weighed on by the shares of walmart. let's look at shares of walmart and home depot. walmart down 9%. the company put up a disappointing fourth-quarter this, theirhind e-commerce efforts with jet.com not doing so well. they don't know the full effects of the tax overhaul. overall, a disappointing quarter for walmart. home depot has been higher, up 2%. they put up a solid quarter. the earnings guidance for the full yea

stanley: absolutely.along with inflation are one of the two most politically sensitive statistics that exist. if interest rates spike as mick mulvaney said yesterday might happen, then you probably find there would be less satisfaction in republican epic -- economic midterms,at the democrats will do even better than they are expected to do. interest rates have a definite impact on what people think about the current administration. nejra: let me just bring you back in here, if we get this world of higher interest rates in the u.s. and a ballooning u.s. deficit, what does that mean for the rest of the world economically? harm: there's plenty of supply out there. let me add another component. i said earlier the president's budget assumes goldilocks and there are two ways we can deviate in my view. one is we adjusted the -- the recovery continues but at a more normal pace. potential growth is something like -- let's call it 2%, so deficit will be higher than projected. we are actually seeing a more material

stanley: remember this: cannot change the laws of god.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. (jrstone) are you ready for the big game tomorrow? well minneapolis is. as one of the most high-profile and densely-crowded events in the world...security is of utmost importance. security crews will be on the ground and in the air. the u-s customs and border protection will be in a blackhawk helicoptor patrolling the sky.(kris grogan/ us customs and border protection): "these security events is what we do. we just did the state of the union the other day, and we do the super bowl every single year. this is our mission. our mission is to intercept things coming into the united states, and the good thing for this is, our border is only 32 miles radius around the stadium for this operation." grogan says it is important for them to make sure people feel safe at the big game. (jrstone) super bowl sunday is more than jus

the congressman is holding a town hall tomorrow at lafayette stanley middle school. while the event in florida prompted tomorrow's meeting a discussion on the broader issue was already in the works but he says he is impressed by the outspoken students that survived that florida attack. >> you know these young people make a difference. their passion, their absolute authenticity. and it's just, we have gone through this since columbine, so many of these. >> tomorrow's town hall is open to the public. gun violence researchers will be on hand again. that meeting is at stanley middle school starting at 11:00 in the morning. >> let's go to the olympics. the flame still burning strong. a live look at olympic park in south korea. the winter games may be winding down but the excitement certainly isn't. many people still buzzing about ladies figure skating last night. a fierce competition on the ice for the olympic athletes from russia. a mentor and her protege battled it out in a free skate. karen chen finished 11 overall and mirai nagasu is facing backlash after comments. >>

haxie: stanley claims it was an accident. and aboriginal activists say the racial makeup of the jury in question highlights a fundamental problem with the court system, which allows defense teams to manipulate the makeup of juries in their favor. and mail" has an editorial that demands what it calls a meaningful response from the federal government. stanley was tried by a jury on which there were no indigenous people, even though they make up 16% of the local population. responding to that acquittal, president justin trudeau said that canada has seen outcomes like this too many times. "we can do better," he said. his justice minister made similar comments to the editorial board at "the toronto sun." they say this sets a dangerous precedent. not only have they undermined the independence of canada's judicial system. they also, we read, prejudiced proceedings in any possible retrial, serving neither justice nor the cause. --helle: returning to france in july, 1970 six, a criminal gang carried out what has been called the robber

police say the suspect -- stanley troy friesen -- met with a woman he had been chatting with online there friesen identified himself as a police officer... and told the woman he wanted to have sex with her. police arrested friesen in tracy. ( darya ) happening now... police in union city are looking for this girl. she is 12-year-old tni janay grice. her father dropped her off at alvarado middle school yesterday morning and she has not been seen since. school officials say they do not know if she made it to any of her classes. she is 5 foot 3 inches tall... 110 pounds with black hair and brown eyes.wears glasses.this girl police give them a call. ( james ) a tree that came crashing down on a home on the peninsula left more than a hundred people without power. it happened on the border of san carlos and redwood city. the tree smashed through a fence and into a backyard tearing down a powerline. power has since been restored to those homes... but one family is left with the tree in their yard.. and powerlines still hanging.