there is at the head of the river of corruption is the four the four horses of the paper apocalypse barclays h.s.b.c. lloyds and royal bank of scotland those are the four horsemen of the paper apocalypse david cameron they're coming to town and you're there in your shabby burberry outfit by the wayside by the roadside going you know i'm david kay we're only yeah i'm a lot you need to get serious my man bro if you understand that you know just forget about the plugs worry about the frickin hole accost coming down the pike from the banks there's. well once they're in opposition then i'm sure you'll see some concern from the likes of david cameron about the banks for yobs but right now in opposition is labor ed miliband to demand f a x. faster on mis sold swaps ed miliband is going to ask the financial services authority otherwise known as the financial conduct authority why more is not being done to help the victims of swaps didn't mention about the fact that we should seek retribution against the banks there's a missile the swaps it is to go deeper further harder ed miliband give up his misse

barclays lloyds banking royal bank of scotland who are most of them are owned by the people themselves the people are financing their own self in a link oh my god this is the lowest. so back to this article in the daily mail since two thousand and one the banks have ruthlessly mis sold complex loan deals to entrepreneurs who did not understand what they were doing that was according to the financial services authority the four banks they named barclays lloyds h.s.b.c. r.b.s. now they go on to say many small businesses who wanted to take out a loan were told they could only get one if they also took out an interest rate agreement right so those four banks they go to the small to medium enterprises they get them to buy into a structured credit product a credit default swap the risk the big risk is of interest rates go down adventurous rates go down then they have a discourse of billions and in many cases go bankrupt simultaneously bank of england mervyn king engages in quantitative easing whose sole purpose is to manipulate interest rates down zero who is mervyn king work for those four

morgan city bank barclays key pm g. bank of america right well they're one of the things for example one of the twenty one things they got into the at the finance act was that essentially they're only going to be taxed on seventy percent of their income over one hundred thousand euros right well this is a great thing when you have a fascist corporatist model like merica the u.k. now arlen is that you could just make up laws as you go along change laws willy nilly apply telex laws as are convenient the local population like the iroquois or the sioux are going to be pushed off their land they'll get in those coffin boats and sail off somewhere to try to get a job but the economy as we know in ireland is finished it's now the official global headquarters for the club talk or say irish people you might as well go down to i have to see right now in line up for some of those food stamps from j.p. morgan absolutely. stacey newman thanks so much for being on the kaiser report thinking about it don't go away stay right there in

barclays has been reporting its numbers today. let's move on and take a look at some of the green we're seeing on the charts. travel and leisure moving to the upside. we've had the likes of claridge reporting today. oil and gas getting a bit of a move today. moving on to the uk market. this market was up about 1% by the close of trade yesterday. we've got a very different trading pattern this morning. we're down just about a tenth of a percent so. a negative start for the uk market. let's take a look at the early reaction. negative reaction to the numbers that came up. this company has been focusing on changing the business model around focusing on the retail high street side of the business, away from investment banking. there's also been announcements about further probes into practices at the bank by some of the u.s. divisions, including the department of justice and the s.e.c. he's been following it. i was looking tecum net interest in business banking, world and investment banking. to me, this would seem to support it because

morgan city state street barclays bank of america bank of ireland k p m g ernst and young p.w. c. lloyds clearing house is code for slush fund number one and number two. let me explain what's going on here as as you know there is tremendous pressure now on wall street and the city of london to shut down these huge loopholes and regulatory laxity so what these folks are going to do obviously is move the game to dublin and to move the game to our own so that ireland will become the epicenter of the global bank fraud market within twenty four months thus shifting the attention away from say of martin wheatley here the new regulator in london though saying we're cleaning up london you see we close these loopholes we're taking a stance against libel or manipulation meanwhile all that stuff is going to move ride over to dublin i this new group of course j.p. morgan one of the architects because that's what they do they they create improvised exploding financial devices and weapons of mass financial destruction the financial terrorist look up the dictionary there is jim and i'm specter a

barclays raising their target to $175.e were just talking about, with any company that produces a product where you can eat the bowl itself -- >> it's a winner in your book. lumber liquidators. been a heck of a stock this year. >> shame on us for missing these name as we talk about all these housing halo stocks. the stock is up more than 200% year to date. up 12% date. beating estimates, raising full year estimates. sales rose nearly 19%. what's interesting, lumber liquidators noting more people are moving away from diy to difm. >> do it for me. >> this is one of the reasons why home depot has not been particularly successful. it is not a diy society. it is a difm society. sears another one we're watching, on the rise as well. we picked some winners today. >> this is an apple halo stock. because of strength of iphone 5 sales. also as we talked about yesterday, the ipad mini launch. raised their target on cirrus from this name doesn't get a lot of attention but in that apple halo. by the way, that stock is up 156%! >> that

see him at the barclays center in brooklyn november 10th. russell peters, everyone.ince. ♪ ♪ ♪ [ female announcer ] prepare yourself for the feeling of more water without using more water. with the unique wave pattern of delta h2okinetic technology. another way delta is more than just a shower. see what delta can do. [ male announcer ] every time you say no to a cigarette you celebrate a little win. nicorette gum helps calm your cravings and makes you less irritable. quit one cigarette at a time. and makes you less irritable. go out tonight - be social! then stay in tomorrow. make a date with your flat screen. olive garden's new dinner today, dinner tomorrow. two dinners for two nights, just $12.95. choose one of five entrees tonight, like new mezzaluna ravioli. served with unlimited soup or salad and breadsticks. then choose a second entrÉe to take home for tomorrow all for just $12.95. this has "movie night" written all over it. new dinner today, dinner tomorrow go before it's gone! go olive garden. for their "destination wedding." double miles you can "actually" u

. >>> barclays with two new investigations in the u.s. as the bank unveiled a 23% drop in profit. >>> barclays shares trading lower after the bank demands two new investigations. pre-tax figures down 23% to just above one billion pounds. mainly related to charges for missed payment protection policies. revenues below estimates at 6.8 billion pounds. the bank says as well the department of justice and securities and exchange commission have launched two probes into the third party relationship the barclays may have used to win or retain business in the united states. >> staying with financials, the days of 20% profit growth for china's big four banks may be a thing of the past. new estimates show growth could rise by as little as 5% this year as the central bank's mid year rate cuts kick in. smaller lenders could get hit even larger as interest margins shrink. a consortium has decided to walk away after iron ore spurned its $1.2 billion offer. it's giving up further talks after the company called their bid opportunistic. >>> sci-fi nerds d

barclays is not best of breed. tell you it's better than it used to be. i personally prefer to own domestic banks. i don't want as much exposure from europe as i do almost any major domestic bank. ralph in alaska, ralph? >> caller: yes, boo-yah, jim. >> boo-yah. >> caller: thanks very much for the great show. >> thank you. >> caller: srpt? >> look, it's a highly speculative situation. the stock tripled the day they got the good news. it's been coming down ever since. you have to pick your spot where it's going to bottom. maybe it's in the hands of the technicians. i do believe the company is going to be a partner with a larger company. i would prefer to see it in the 20s. that's where i would pull the trigger. bob in massachusetts, bob? >> caller: yes, boo-yah, mr. cramer! >> boo-yah to you. >> caller: my stock is clmt. >> i know, i know, i should be interested in those kind of things. i'm going to send you to a better one in the industry. i'm going to send you to linn energy. more reliable, better. >> buy, buy, bu

barclays has three great businesses. but even on my recommendation, it's probably still going to be sitting on its book. it reflects the risks that exist there. >> you did disagree, which always makes for great tv. we'll have you back on together at some point. di thanks, david and chris. shops closed down in tehran on wednesday as iranian authorities used aggressive tactics to disburse thousands of protestors. the demonstrations the first time in 30 years that the merchant class publicly turned against the government. ahmadinejad has blamed international sanctions for the country's devaluation, but hillary clinton says the government only has itself to blame. we also have results coming out of the spanish auction, as well. spain selling 210 million euros for the 2017 bond, the longer bond selling 1.9, just shy of 2 billion euros of the october 2015 bond, as well. the bid to cover on the 2014 coming in at 2. so up on that front. the 2015 auction bid to cover ratio, 2. bid to cover rising for that one, as well. just waiti

we have a new stadium in new york, barclays center in brooklyn. it's a high-tech stadium.z has been holding court in there putting on his concert. for his last show saturday night he did something very cool, very unexpected. he took the subway to the show. can you imagine jay-z rolled into the canal street station at around 6:15. of course, there were cops around him. he had his own security. he chatted with a woman on the subway. he gets to the barclays center to do the big show and during the show, beyonce, his gorgeous successful wife comes out and they do their successful 203 "crazy in love." i think it's cool that he kept it real. a nice touch, a little humanity. a little cool. >> in our next installment of "stars:they're just like us." >>> ben affleck took his daughters to mcdonald's over the weekend but accidently sideswiped a car. he took the mirror off a park car an left this note. hi, knocked off your mirror, very sorry, will cover everything and signed it ben and his phone number. >> i wonder if he left his real number like the number to his lawyer or -- >> i'm

liz: barclays likes the drug sector. barclays raising the price target on five companies. slightly down, but the rest moving higher. nicole: eli lilly you were showing earlier the cancer drug, these names in particular jumping with several

>> barclays center just opened for the brooklyn nets. denver stapleton airport major metropolitan cities would like to reinvigorate their area, they come here to cleveland. the chairman and the ceo join me live exclusively will give you an outlook on commercial real estate, what is happening in the renters market when it comes to apartments and what are the new big projects? and they're stock up over the past year. open for business here in cleveland, ohio. [ mujahid ] there was a little bit of trepidation, not quite knowing what the next phase was going to be, you know, because you been, you know, this is what you had been doing. you know, working, working, working, working, working, working. and now you're talking about, well you know, i won't be, and i get the chance to spend more time with my wife and my kids. it's my world. that's my world. ♪ cheryl: we all know times square with a renovated theaters and huge hotels, but it wasn't always that way. crime and pornography shops used to be the way of the world, but cleveland real estate

the barclays arena says they are experimenting with different forms of security.em with it. security is a business, and the same way in certain schools or certain areas, that there could be more propensity to an issue, and i don't think it's even a black/white issue. i think it's a youth issue. i have a feeling at the meadowlands, if you had a technoconcert versus a crosby stills nash concert would you have more security. this is reality. this is not a moral judgment. this is a business security decision. >> star? >> i was there at the jay-z concert and the went through the metal detectors. one, it didn't bother me in the least. would i prefer to have the metal detectors be consistent because there is a double standard. >> yes, there is. >> the question is whether or not the brooklyn barclays center had any reason to believe that there might be additional reason for security or were they just racially profiling? as a brooklyn prosecutor, i might have gotten a report beforehand that they might have needed additional security. if not, i don't think they should have

again, regulators accusing barclays and traders of manipulating the california energy markets. the beat goes on. this is like covering the cop shop. up next, the eastern seaboard slowly pulling itself back together in the wake of hurricane sandy. some of the artists of people a small business owners and of people who put their lives into their company now staring a devastating losses. he with resources and tips for rebuilding, ceo of the take business services. thanks for coming on. give me a sense of how many people who have small businesses might have been impacted here. >> clearly in the northeast region business has gone significantly impacted, and businesses in a lot of different areas, health-related, service related to manufacturing. the ability to get into the facility, get your employees there on time to really directly affected by the weather as well as the assessment of the damage that the storm to to the business. gerri: and a lot of times these people don't have the resources as a big company. i want to walk through your tips on what small business owners should be

barclays has announced a reshuffle at it invest him banking arm. rich ritchey says the management changes were designed to provide what he call as greater degree of regional leadership and coordination. >>> and wall street itself has cut around half a million jobs since the financial crisis in 2008. many believe layoff ax will continue to fall. what's your view of what's happening in that sector? >> i think the regulated sector will continue to lose jobs. you can't have an industry where they'll simultaneously facing increased costs and constraints on income and expect them to add jobs. i think the financial services industry is as you characterize it and correctly so will probably add jobs going forward. there is still the need for financial sophistication to channel savings in to proceed duct it difference uses and we need the best and brightest if we're going to succeed at that. >> patrick, more to come from you. also still to come on cnbc, while the banking sector is shedding jobs, one area has seen consistent growth, restaurants. last month mo

. >> jimmy: jay-z's coming to the barclays center -- >> i mean, the stadium looks great.ess i just did. but i see him looking at this whole season as an audition. >> jimmy: it is, yeah. it is, to see which way you're going to go. >> it's an audition. my son has already gone to brooklyn. he wants the nets. >> jimmy: he does? >> yeah, i think so. we're going to watch. >> jimmy: yeah. because it's exciting, now. >> it is. >> jimmy: and i think they're playing the knicks first game, next thursday. so it's like, "we'll see what happens." >> but you've already made up your mind. >> jimmy: i've got the outfits. i got hats. i got jerseys. i've got -- i'm going to dress up. >> why aren't you -- i think you should spend all next week in only nets paraphernalia. [ laughter ] that's what you should do. the whole week. >> jimmy: you ought to see my arms. i can't do it. it's just pretty embarrassing. let's talk about yr movie "sinister." now, you guys want to see a scary, freaky movie this halloween if you go see "sinister." congratulations on this. >> thank you. >> jimmy: it's been a

are you saying that companies like goldman sachs and morgan stanley and barclays have as much to do with the price of oil going up as exxon or shell? >> oh, absolutely, yes. i tease people sometimes that-- you know, people say, "well, who's the largest oil company in america?" and they'll always say, "well, exxon mobil or chevron or b.p." but i'll say, "no, morgan stanley." [ticking] >> coming up... >> is there price manipulation going on? >> i-i can't say, and the reason i can't say is because nobody knows. our federal regulators don't have access to the data. they don't know who holds what positions. >> why don't they know? >> why don't they know? >> yeah. >> because federal law doesn't give them the jurisdiction to find out. >> that story and more when 60 minutes on cnbc returns. [ticking] ♪ [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisl

skip mcgee, the most senior alum in the ranks at barclays. be the chairman at the banking committee starting the first quarter of next year. he ee here's the interesting thing. in the wake of that scandal, a lot of traders were speculating over -- traders and we should say traders and general public alike whether barclays would want to spin out its investment bank with the announcement of a ceo last month there was speculation whether that would be something he would look to do and i'm told nothing imminent is happening but this is really viewed as a reinforcement of the bank and a sng of these investments so if down the line they decide to spin this out, they lo have a very independent operating committee in place. i don't know how traders feel about it. but they're definitely getting a bid today. >> do you want to get a quick trade? >> we'll figure it out. i think they've had a lot of negative news here. but use your head to protect yourself. xlf. >> good stuff. >>> meantime americans put the brakes on spending in september. retailers said

weekend for barbra streisand, taking advantage of the biggest and newest borough, the newest home, the barclayr, two shows, one last night, she is 70 now. and the new york times says her voice is still "singularly compelling" you know what they say about people who need people. and last night she seemed to enjoy the love of the crowd >>> and among the most quoted moments of the debate last night, switching the distinctive hair of the duo last night, just like it was striking a week ago with romney and obama. when we come back, a rallying cry, and a new movement to make sure mom stays in the picture. >>> finally tonight, she is just one mom among millions in this country, and yet something she said, something she wrote about, something she noticed in her own family has the attention of a lot of other mothers and fathers in the u.s. specifically, she noted she was not in any family photos with her kids. and her coming to grips as to why, sure has resonated with us. rehema ellis has more. >> reporter: like many mothers, allison tate, a mother of four, was everywhere in their lives, but nowhere in

is not a reality for locked out nhl players the islanders will move 26 miles to the brand new ba barclays center. >>> nfl has embraced pink throughout october for breast cancer awareness month. sunday night refs will throw pink flags from an 8-year-old boy who wrote a letter to roger goodell. >>> diego mardona was one of the greatest soccer players when he helped argentina. these days he looks a little different. he's 51 put still put on a show in a soccer stadium in india yesterday. dancing for the crowd. voted the top soccer player of the 20th century still has mad soccer skills. >>> for a look at the weather, bill karins continuing to track sandy. >> i had someone ask me, what are the odds if sandy surprises us and heads out to sea, i would say 20%. locked in 80% this storm will make a direct impact and make landfall from the mid-atlantic to northeast. the latest predictions taking the storm parallel into the southeast coast. not a direct impact from carolinas down to florida but from chesapeake up through new england late monday into tuesday is when the storm could move over the top o

barclays lowering its price target to $22 a share.media stocks as a pack are underperform being the major indices. facebook down 3%. some bearish sell side notes to hit the tape. oppenheimer wrifting wall street estimates remain too high for 2013 after looking at that recent com score data. zynga getting a downgrade at piper jaffray. we do have a bright spot but it is not in tech. costco, earnings jumped by 27%. fueled by stronger membership revenue. that's the best performing stock on the nasdaq 100. >> seema, thank you. >>> gold prices closed just moments ago. sharon epperson is track being the action at the nymex. >> we're right here at $1,765 an ounce. basically flat on session for gold after gold had been down for three consecutive sessions. we're consolidating because traders say monetary easing has already been priced in. traders are kind of buying on the dips here and perhaps still being bullish longer term seeing prices perhaps go to that $1,800 level. but right now consolidating around some of these key levels. dollar has be

the first game ever, the new barclays krecenter in brooklyn. look who's there?st possession of the game, wizards going to work. inside, the old fella, oklafor. he lost 12 pounds because of food poisoning. wizards down by three. wizards going the other way, mack to crawford over to another new wizard, trevor ariza. the wizards within one. under six to go. brooklyn up by 7. they haven't had a pro-team in brooklyn since 1957. the wizards fall 98-88. head coach randy whitman looking forward to his team getting back to full strength. >> we fought on the boards, you know, we ended up getting beat by four. we're playing a little undermanned right now. but, hey, withe're stepping up battling. we do those kinds of things and hopefully you get some more guys back. >> i know it's painful, but it is our duty to show game 2 of the nlcs. >> oh, really? >> have to do it. bottom of the 1, first batter. that one is kbon. second lead off in the post-season for the giant's center fielder. bottom of the four, he's doing some more damage. finds the gap in left center. misplays the b

players, the new york islanders have announced the team is going to move 26 miles to the brand-new barclays center in brooklyn as soon as 2015. >>> the nfl has embraced pink all throughout october for breast cancer awareness month, and during sunday night's jets/dolphins game, referees will be throwing pink penalty flags instead of yellow. this was an idea dreamed up by an 11-year-old boy from new jersey. good idea. >>> diego maradona was one of of the greatest soccer players of all time when he helped argentina win world cup championship. well, these days, maradona looks quite different at age 51, as he put on a show at a soccer stadium in india yesterday, dancing for the crowd. the man voted the top soccer player of the 20th century, he still has some mad soccer skills, so no complaints there from him. >>> just ahead, the world's oldest facebook user and you're into the going to believe how rich certain dearly departed celebs are. plus, actor tom cruise goes nuclear against the tabloids. we'll have details for you next. you're watching "early today." >>> welcome back to "early today." of

barclay's raising it's price target.ltiple players looking to bring new treatments to this lucrative market. >> thanks a lot. softbank acquiring 70% of sprint today for $20 billion. it's the largest ever foreign acquisition by a japanese company. joining us this morning, craig move fmoffet has an underperfor on sprint with a $3 price target. >> good to be back. >> i know you tried to write about this over the weekend when not a lot was known. given the press conference today, anything change, your rating or your target? >> well, i can't speak about ratings and targets, but let me just explain what the deal is here because, a, it's complicated for people and i think people are confused about the fact they're looking at sprint trading at $5.74 i think it is at the moment with a $7.30 tender offer here. in effect what you're looking at is issuing some new shares for equity for $8 billion, and so the share price has to be or is, in fact, a weighted average at this point of 45% -- sorry, 55% at $7.30, and then the ri ma remai

. >> rose: these are the accusations about barclays. >> more than accusation, there was a settlement on it. and a lot of stuff on other bank, don't just pick on barclays t was a lot of other banks. >> rose: that they manipulated the libor rate. >> very much so. and we also know that you can look at these rates and they remain steady. and meanwhile you look at the credi default swap which is a measure of how risk the bank is and the value of a bank's debt which represents again a measure of riskiness at the bank. and it's going up and down and the market saying this bank is very risky. and they claim they can borrow at the same rate that they borrowed when they were healthy. nonsense. this is a phony number. and yet we have 350 trillion dollars of derivatives, contracts based on this phony number is so what i mean is we don't really know, there's just so much lack of transparency in our financial system that it's very hard to get a good assessment of how strong it is. >> but i thought the banks took stress tests and did other things to measure whether they had sufficient capital requi