wen got an e-mail on citigroup. dean wrote us, with citigroup approaching $5 a share, where do you see this stock in five to 10 years. how about a price target? >> this could be easily a $30 stock in five years. citigroup is a great one to own. there is no more competition like there was. and the banks are stronger than they were before the credit crisis. and citigroup expanding in china, india, and africa ka. you want to own it if you have a five-year timeline. >> tom: "why don't you ask ms. kramer about one of her previous recommendations, tell vin, t-e-l-v-i-n. >> it's a spanish company, but they do remote meters. it is the easy pass, the fun pass. this is a company that has commercial applications. t.l.b.t.isn't is a good one to own. >> tom: hil hilary, do you own everything we mentioned tonight? >> yes. >> tom: you can send us an e-mail at "street critique".com. and we'll feature some your questions next week. our guest this evening on street critique is hilary kramer, gamechangerstocks.com. >> susie: here's wh

. >> susie: a big earnings miss from citigroup and investors dumped the stock. the bank's shares fell more than 6%. the financial services giant earned four cents in the fourth quarter. it's a big improvement over last year's loss, but four cents below expectations. strong growth in citi's overseas consumer banking couldn't offset weak stock and bond trading for institutional clients. just last week, citi shares closed at a 52-week high of $5.15. that $5 level is considered important because many institutional investors can't hold stocks that trade below it. despite the latest misstep by citi, standard & poor's analyst erik oja rates the stock a "buy." >> we have a $6 target price for one year from now. and our $6 target price is based on 13.3 times our estimate for 2011, which is 45 cents per share. so, we think that citigroup right now can continue to go up. >> susie: oja says stock and bond trading revenue is a highly volatile area of business, and he does not expect it to be a long-term problem for citi. tom, citi and apple weren't the only big names reporti

percent rally in the emerging markets index the cme but according to a forecast by banking major citigroup russia has been raised to overweight from neutral for the first time since october while brazil moved the other way citigroup signed their russian markets low price to earnings ratio as being particularly attractive while brazil is hampered by rising foreign costs and political uncertainty. let's hear a quick look at how the markets are performing so far i usually stocks are trading in the blood boosting your equity gains and portugal's successful bond auction wednesday japan's nikkei touched a new eight month high supported by an easing of european debt concerns and begins recent weakness against europe indexes now up point six percent with the top gainers being among banks and real estate hong kong shares extending their gains but stocks exposed to european markets such as h.s.b.c. and fashion retailer asprey being among the leaders. and here in russia the r.t.s. has started a strange obsession in the black mice it says just about to open the figures that you see on the screen out o

rally in the emerging markets index this year that's according to a forecast by banking major at citigroup russia has been raised to outwait overweight from neutral for the first time since october while brazil moved the other way citigroup cites their russian markets low price to earnings ratio as being particularly attractive that's wild resilience hampered by rising costs and political uncertainty. let's have a quick look at the markets and asian markets are trading in the black boosted by a new york equity gains and portugal successful board optional wednesday japan's nikkei touched a new eight month high supported by an easing over european debt concerns and the against recent weakness against the euro index is now up point six percent but the top gate is being a mom banks and real estate hong kong shares are extending their gains with stocks exposed to european markets such as his p.c. and fashion retail asprey being among the leaders. despite only two days of trading after a long new year holidays they were still stock markets outperforming rival emerging markets chief strategist at

delta down 2.5% and citigroup down 4%. despite that looking at the stock market running into positive territory. the dow is higher by 23 points. nasdaq is down by 1 concern over apple. and the s&p 500 down by one, as well. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> well, despite uncertainty about jobs' health, apple is marching on. it's nearing 10 billion apps downloaded for the ipod touch, iphone and ipad. the lucky person who downloads that 10 billionth app will win a $10,000 gift card at the itunes store. >>> a southern california city is considering using facebook to deter drunk drivers. huntington beach is number one in california for alcohol- related traffic deaths for cities of similar size. now a city councilman wants police to post mug shots on facebook of anyone arrested more than once for driving under the influence. but police are recision resisting. >> reporter: more privacy concerns again on facebook. the palo alto-based social network site tweaked its privacy settings and security expert

the biggest is citigroup where we agreed to convert from preferred stock to common stock. that turned out very well since we will realize a $12 billion profit on our overall investment. most of the others have been very small. we try to work with the banks. we have a process of monitoring our investment and monitoring of these banks. occasionally because the bank is troubled, the choice is if we don't do anything, we might lose our investment soap because the bank might be seized. can we agree to some terms that help them attract new capital and therefore realize as much as we can? >> that is one of the issues that struck my interest. part of your participation to them is creating an awareness on others that the enticing other private investors to make capital investments to help with that bag. one thing that concerned me in the report was a suggestion that simultaneously some of these banks may be having trouble for a variety of reasons including the potential that they could be looked at for fraudulent activities. what is your policy to report that to the ig who sought 2

also the government owned 8 billion approximate shares of citigroup officially and hired 12 minority and women owned firms to work with those disposing of assets and ten minority firms involved in the general motors ipo and now we are working on a ayachi. again, none of this could have been possible without the legislation passed by the financial service tener and implemented. so again, thank you very much. now despite these initial successes, congresswoman waters were not satisfied. you see, the only covered 700 billion of the $12.6 trillion u.s. government allowed late so they passed section of 342 of the dodd-frank wall street protection act to cover the rest of the mauney. justin did january 21st of this year section 342 covers all of the agencies and departments of the federal government that are involved in the business of the economic recovery. specifically the treasury department and the fdic from each of the federal reserve banks, the national credit union administration and the security exchange commission among others. each of these agencies and departments must and can of

. >>> meanwhile, expectations are high for citigroup's fourth quarter report card today.ast month the government sold off the bulk of its stake in the bailed out bank and citi shares have climbed 55% over the last year. >>> in the wake of widespread publicity over its recent investment in facebook, goldman sachs is barring u.s. investors from getting in on a private offering for the social networking site. goldman is reportedly concerned about violating strict securities and exchange commission guidelines about the amount of publicity allowed in private offerings. >>> a former swiss bank employee handed over data to wikileaks julian assange yesterday. proof he claims that some 2,000 people, including 40 "pillars of society" are guilty of tax evasion and possible criminal activity. >>> airbus has landed the title of world's largest plane maker for the third year in a row. taking in 574 aircraft orders last year versus rival boeing's 530. >>> keep an eye on delta today, along with most u.s. airlines. delta is expected to report a profitable fourth quarter. >>> finally, swis

citigroup's weaker than expected earnings dragged its shares 6% lower.nwhile, the "wall street journal" report, citi is on the verge of hiring john haver as president and coo. >>> a long-awaited decision from federal regulators cleared the way for comcast to purchase a majority stake in nbc universal from ge, the current owner of this network. a deal is expected to close by the end of the month. keep an eye on goldman sachs. the investment bank reports earnings before the bell this morning, and finally, you won't believe who is behind apple's most popular free app, bubble ball, which has been downloaded two million times. a 14-year-old utah boy who says he is already working on mother one. makes me feel like a slacker. coming up, an nba stunner. a college win are at the horn, and an equipment problem on the tennis court you probably don't see every day. plus, atlanta's josh smith shows the boys from south beach a thing or two. your early morning sports is straight ahead. >>> active winter weather continues across the country. your forecast is coming up.

citigroup missed earnings predictions while goldman sachs came in ahead. wells fargo matched estimates. general electric, the parent company of the company that produces this program came in ahead of analysts estimates. it was also announced that ceo jeffrey immelt will chair president obama's new economic advisory panel. >>> jon corzine occupies a unique perch from which to view the country and the economy. he joined a legendary wall street firm, served as senator and is current ceo of mf global. good to have you on the program. >> good to be here. >> thanks for joining us today. president obama's meeting with chinese president hu and the american business leaders. are these meetings in your view largely ceremonial meetings with greater opportunities or are we actually getting things done? >> i think the culmination of a lot of hard work that prepares readers for more ceremonial conclusion of the work that is ongoing. but they're absolutely necessary. the fact is that china's economy is a driving force across the globe. it is a rising force in geopolitic

stocks shrugged off disappointing numbers from citigroup. the dow rose to 11,837, the nasdaq to 2765. restaurants could benefit as food prices at stores rise. higher supermarket costs are driving people to restaurants. which saw business drop during the recession. americans prepare 72% of meals at home but spend nearly half of their food dollars at restaurants. supermarkets are faster to pass on changes to consumers than restaurants which tend to lock in prices for key items. you can pay for cash, credit or your phone. starbucks is rolling out mobile payments starting today. you download an app for the iphone or blackberry and it displays the bar code to scan. starbucks is working on a similar app for droid phones. back to you. >> american airlines and priceline.com struck a deal following a dispute between american and several other websites including orbits which refused to use the airline's direct link. american airlines wants sellers to use the link. no word on when the priceline will start listing the tickets but good news for american.

meanwhile, the treasury today said it will auction warrants in citigroup, boston private financial and wintrust financial during the first quarter. that will effectively end the government's stake in those firms. still ahead, what's behind the gold rush? gold is up 60% over the past two years. how it began and what's ahead. bloomberg's cam simpson joins us. >> susie: get ready for a pick up in bank lending. the nation's bankers are predicting consumer lending will rise 2.7% in 2011 and business lending by more than 4%. that forecast released today by the american bankers association sounds good, but not good enough considering huge profit gains at the nation's banks. wells fargo economist scott anderson says the disconnect is all about demand. >> even though businesses are raking in record profits, not a lot of them are expanding their employment and business spending and that's been an impediment to stronger loan growth. i think that will start to ease in 2011, more than what we saw last year. >> susie: many banks say they'll be lending more to small businesses. loans to firms with fe

continues its winning streak taking from tuesday its shares up three point two percent off to enlist at citigroup looked at the courts raising all the stuff to find from hold you case for it see it's getting hotter percent of texas posting strong gains a one point three percent. and here in russia the r.t.s. and the mice it's a trading in the black both i giving more than one of the hospice sent. telecom has jumped eleven percent on the my successor good nafta guys sound off on to exchange their ten percent stakes in national telecommunications push as in the us telecom the price of oil continues to advise produce a straw snafus month that lead us aldersgate of almost two percent this hour there also has the terms to pre-crisis levels and a smaller trading media story why on the expectations the company will live up to six point two percent of its stock to around at around two hundred fifty dollars per share. and russian coking coal company group has announced initial public offerings in london and moscow aims to offer a quarter of a stock and raise as much as five hundred million dollars coke sa

citigroup was the winning bid. whenever selling bonds competitively, the bidder has to buy everything or nothing. it goes to the lower bidder and the best deal for the rate payer. jpmorgan we also visited with earlier this morning. they have been very aggressive in bidding. they bought over $1 billion of our bonds over the next -- over the last 18 months. this was the most savings for the repairs, coming in at 4.5% annual true interest rate. the calendar for the water bond -- i mentioned we have sold $2.70 billion to date. what this means just on wsip, the water system improvement project -- we have locked in place six great costs that are paying -- that are saving the ratepayer $3.60 million. if we add on to that the refunding we have done on water, waste water, and the waste water bonds were sold last summer, we have locked in place a total of $450 million of savings lower than what we had projected. here is our right modeling long term. that is really helping us cover a lot of the shortfall in revenues where we

winning streak taken from tuesday and shares are up three point four percent now after analyst said citigroup lifted the recommendation to buy from home . in the united states stocks are following european equity higher over a positive reaction to the closely watched portugal's debt collection and strong import price data the dow is gaining well point eight percent at the moment nasdaq point six percent financials are among the top performers with j.p. morgan chase and bank of america advancing two point four one point seven percent respectively. here in russia trading ended already on wednesday the r.d.s. an m i six continued to rally supported by gains in europe and the united states as you saw in the high oil price news on mergers and acquisitions activity in that respect we're moving the markets mostly telecom jumped over nine percent in the end some parts of the day it was eleven percent higher as it would have to go as a rate brooke offered to exchange their ten percent stakes international telecommunications shares in the senate on the price of oil continue to advance helping producers

continues its winning streak taken from tuesday its shares are up three point two percent citigroup lifted the group's rating on the stock to boy from board. here in russia reality is that my stocks are continuing to rally support about gains in europe and this will price indices have jumped around three percent all in all this week and the so expecting this trend to continue although short term correction could follow rules gazprom is burbank of both bouncing back after a sell off on tuesday in the most blue chips are rising take a look at that in more detail telecom has jumped over eleven percent on the my sex as a good letter goes and a raise broke offer to exchange that ten percent stakes in national telecommunications shares and the price of oil continues to advance helping producers rosneft is among the leaders and is gaining two point seven percent this elnora's nickel as we turned to pre-crisis.

today wall street's very latest on the housing market and another round of corporate earnings with citigroup apple among the big names to report. apple set to announce a stunning 50% jump in quarterly earnings, but the company could still see its stock slip over the health concerns of steve jobs. >>> facebook may have another privacy controversy on its hands. the social networking giant is giving app developers access to 500 million users' personal information. users do have to grant permission by clicking okay, but it's likely that many have done so without even knowing it. facebook has been increasingly criticized in recent years for how it handles the privacy of its account holders. >>> most major u.s. airlines are expected to report big profits later on today. it's estimated that the top five airlines earned a combined $3.4 billion last year. in 2009, they had combined losses of over $4 billion. the reason? a limited number of seats that pushed up fares, improved demand and stable fuel prices. >>> and for those whose morning jolt needs more kick, starbucks is supersizing. behold the tren

. >>> the fcc's internal watchdog is investigating allegations the agency gave two citigroup executives break. the executives avoided civil fraud charges back in july, as part of a $75 million settlement for misleading investors. >>> overseas stocks are higher across the board this morning. tokyo's nikkei average ticked up two points today. hong kong's hang seng rose 1.5%. in london, the ftse opened higher. on wall street, the dow gained 34 points yesterday. the nasdaq added nine points. >>> general motors wants to change the way it pays unionized workers. the automaker wants their pay to be tied to performance, the same way it is for salaried workers. contract talks begin this summer. >>> well, the wait is almost over for verizon subscribers who have been holding out for the iphone. the carrier announced tuesday that it will finally begin selling apple's iphone 4 on february 10th. abc tech contributor, becky worley, says there's no guarantee the device will work any better on verizon's network than at&t's. >> i say, wait and see how verizon handles the load. and there are a lot of othe

its winning streak taken from tuesday its shares are up well around three percent after analyst at citigroup lifted the recommendation to buy from told. us stocks followed european equity high over a positive reaction to a closely watched portugal's debt of strong import price data the dow gained around heart of percent the sell of nasdaq is slightly lower than that financials are among the top performers with j.p. morgan chase and bank of america advancing two point one and one point seven percent respectively here in russia final minutes of trading the r.t.s. m i six to continue to rally supported by gains in europe and a high oil price the embassies of jumped more than three percent this week already analysts to expect this trend to continue although a short term correction could of course fall after the strong gains gas problems burbank are both bouncing back as are most of your chips this hour in more detail. eleven percent on the my six eleven half as garden braybrook offering to exchange their ten percent stakes in national telecommunications for shares in telecom and this merger deal

winning streak taking from tuesday its shares are up twenty point two percent off the endless to citigroup lift at the court's rating on the stock to buy from hold you guys who say he's gaining hundred percent on the debts is posting strong gains of one point three percent. and here in russia there.

troops sent off to analysts at citigroup lifted the crew's rating on the stock to buy from hold if you guys foot seas gave the last one hundred cents on the texas post in strong gains a one point three percent. dent here in russia there are tears in my eyes it's all continued to rally supported by gains in the euro bantay of the world price gas from one zero bond policy back after a sell off on tuesday most chips are rising. across telecom has jumped over eleven percent on my successor good enough to guess on the brave group exchange that ten percent stakes in the national telecommunications for shares and also telecom the price of oil continues to advance helping producers afters among the lead just sanders gaining a two percent this hour michael has returned to pre-crisis levels and is not trading near historic high on expectations the company will back up to six point two percent of its stock with around two hundred fifty dollars per share. russian coking coal company has announced in the public offerings in london moscow performances to offer a quarter of a stall can raise as much

holdings have jumped two point six percent off to citigroup upgraded the investment bank to hold from by citing strong new management and expectations for stronger growth from asian operations the dax is just marginally harve point two percent shares siemens giving two percent in germany after the electronics and engineering group's chief financial officer said the company will report higher fiscal first quarter earnings and sales. ok and here in russia the markets have reopened after a ten day break for new year some making only modest gains on the back of the strong but well priced the r.t.s. is up a third of the senate and m i six is trading point three five.

taken from choose day its shares are up three point eight percent at the close after and this is citigroup lifted the group's recommendation to buy from home. and here in russia the ideas in my six continued to rally supported by gains in europe and high oil price news on mergers and acquisition activity we're moving the markets mostly secular more detail growth telecom jumped over nine percent on the my second of course as i would have to go as an re broke offer to exchange the ten percent stake in national telecommunications for shares in most ethical the price of oil continued to advance helping producers was among the leaders in gate three point seven percent today there is no call returned to pre-crisis levels and was trading near historic highs and expectations that the company would be buying back six point two percent of its own stock at around two hundred fifty dollars a share. even though it's only the second day of trading for the russian stock market since the new year holiday it's already one of the best performers compared to other emerging markets chief strategist at own cap

plant in partnership with property owners, neighborhood associations, preservation organizations, citigroup, and city commissions. there is a thick% max requirement, which would come from the general fund appropriated to the planning department that is currently being used on market octavia historic survey designation work, and we are available for any questions you may have. supervisor maxwell: colleagues, any questions on this item? public comment on this item? seeing none, public comment is closed. without objection, we will move this forward. hearing item 5. >> item 5, hearing on the status of the academy of art university's noncompliance standing with the city's institutional master plan requirement. supervisor maxwell: there is someone here from planning that will present on this item. thank you. >> thank you. good afternoon, supervisors. the director apologizes. he was not able to stay for this item. i'm staff with the planning department. when we last appeared before your committee, there was a great deal of interest in the academy of art's property, specifically the residential pro

expect reports from apple, citigroup, delta, ibm and ebay. last week strong profits from jpmorgan chase and intel pushed stocks higher. the dow rose 55 points while the nasdaq climbed 20. we'll see how well the housing market is doing with reports this week on home construction and existing home sales. wall street will also get fresh figures on weekly jobless claims. last week claims rose after retailers let go of temporary holiday oh. and it was bittersweet for this chocolate factory as cadbury made its last chocolate bar in england. it was an emotional day as factory shut its doors after 92 years. american food giant kraft bought cadbury last year. it will continue to make chocolate with the cadbury name, but from a factory in poland. and that's your moneywatch. for more, head to cbsmoneywatch.com. in new york, i'm alexis christoforous. >>> don't you think it's time for an "early edition" road trip? >> i think so. >> that's my hand saying yes! >> a trip to mexico or canada could be cheaper for travelers flying out of sfo. sfo proposes to ch

rally in their emerging markets and experts here that's according to a forecast by banking major citigroup russia has been raised to overweight from neutral for the first time since october while brazil moved the other way to the group cites the russian market slope rise to earnings ratio has been particularly attractive that's wild brazil is hampered by rising foreign court sent political uncertainty. let's look at how the markets are performing so far asian markets are trading in the blood boosted by new york equity gains and portugal's successful bond auction on wednesday japan's nikkei touched a new eight month high supported by an easing over european debt concerns and the recent weakness against the euro the index is now up point six percent with the top gain as being the month banks and real estate hong kong shares are extending their gains with stocks exposed to european markets such as h.s.b.c. and fashion retailer as being among the leaders. despite only two days of trading after a long new year holiday is that russian stock markets are outperforming rival abortion markets chief

three point two percent and citigroup lift at the current rating on the stock to find can hold you . footsie is getting less than half a percent of the taxes posted strong gains of one point three percent. and here in russia the r.t.s. and the most exotic continue to rally support of buy games in europe around by oil price. both bouncing back on tuesday most troops are rising. so back to the main news headlines. crew in exist period and passenger pressure bad weather around the planet sarah broad if that is the main causes behind the plane crash which killed polish president lech kaczynski details emerge of the interstate aviation committee presented its report on april disaster to poland. and the world's most notorious detention zen's it wants them obey has turned nine years old despite a form of those to close it down the prison still holds almost two hundred inmates in legal limbo. and eyes the saga is how he ended the last of five icebound ships with three hundred people on board is being led to safety by ice breakers after almost two weeks and stranded off russia's skates. i wan

whoever is holding those papers can buy citigroup common stock at a previously set price. treasury officials say with the sale the taxpayers receive $12.3 billion in profit from the bailout. >>> germany is suspending payment to an international health fund as it investigate allegations of corruption. a high percentage of contract money is eaten up by corruption. the lobe fund fights aids, tuberculosis and a lara -- malaria. >>> former minnesota governor jesse ventura is suing the tsa. he has a titanium hip replacement and it forces him to undergo regular patdowns. he said it's a violation of his fourth amendment. he's not asking for money. he just want has court order that would stop the screenings. >>> life expectancy in the u.s. is down, but one researcher in the bay air -- area is trying to change. that americans can expect to die younger than people in other industrialized countries. it also said we are the most obese people on earth. they are trying to figure out if low stress, good diet and physical activity can improve it. >> you'll be able to fight off the infectio

its winning streak taken from tuesday its shares are up more than three percent after analysts at citigroup lifted the group's rating on the stock to buy from paul . continuing to rally supported by gains in europe and a higher oil price and things have jumped more than three percent for the r.c. as you can see expect this trend to continue although a short term correction of course could follow after these steady growth gas brahmans burbank bouncing back after a sell off on tuesday and most blue chips actually rise.

dow getting help from some e arnings reports coming in, citigroup being one of them. premarket, it was looking to open about $17. come back a little bit. now, today, of course is the first trading day since steve jobs revealed that he's taking another medical leave of absence and will be out of work this time indefinitely. that's raising new concerns about the health of the 55-year- old ceo. in recent years he's battled pancreatic cancer and undergone a liver transplant. there is a lot of speculation as well this morning, among t radersers, investors and analysts about how well he will fare -- how well they will fare without steve jobs. he's been battling health problems and the last time he went on medical leave was 2009. he's the pitchman, he is there every time it the company launches a new development. back to dave. >> thank you, pam. >>> 7:31. well, this morning, police in oakland are searching for suspects in three separate s hootings. it happened during the martin luther king holiday. investigator the say the violence started around 4::00 p.m. yesterday. one ma

that you're committing fraud which is why my contention you're committing fraud has to be barclays citigroup j.p. morgan goldman sachs you commit fraud on a daily basis it's a law against you not being prosecuted doesn't make it right it just means you have a weak prosecution in place you still committing fraud and you're causing inflation markets around the world people to die every day you're killing people from starvation you are murdering people right now and you have the temerity to say that you deserve a bonus well he's saying it like this to be fair when the chief executives of the major banks sacrificed their contractual entitlements to bonuses over the past. a couple of years or gave the cash to terri not one jot of praise or even understanding came their way well what about us sacrificing our human rights our constitutional rights are rights to. a monetary system that isn't destroyed by these very same bankers and to be free of debt that they impose on us whether we want it or not even the people who were not in debt had these bankers debts thrust upon them via the this clip takhar