and viacom sees the full-year '11 and '12 estimates being raised at deutsche bank.hat's good for 1%. they think the stock is inexpensive. let's get to david faber now for the latest from him. >> thanks, matt. i do notice viacom sort of challenging the tape there against news corp down and disney down -- excuse me, news corp is up a bit, but certainly, viacom the biggest winner among the big media companies. i wanted to start off, if i can, with greece. when i left before vacation last week, of course, we had told you, you know, greece is still out there, still hadn't figured anything out. well, last week, they seemed to have figured something out, right? the eu and the imf, germany came around, they agreed to a deal. it hasn't done anything, though, for greece's borrowing costs. that's somewhat interesting. will it have broader effects? at this point, no, it doesn't seem to be, but it is certainly worth noting that the ten-year in greece, the ten-year greek yield right now up another eight basis points to 6.52%. that's a five-week high. you've got their two-year yie

>> speaking of science, deutsche bank estimates $2.2 billion could be put back into the hedge fund. is it too early to call a hedge fund recovery? you are watching cnbc, first in business worldwide. >>> welcome back. executives across the spectrum of the business world are at the white house today. the president and firstlay di are hosting a forum on giving employees more flexibility in the workplace. am mon the attendees is an cnbc exclusive, it is the president and ceo of campbell soup company. thank you for being with us. tell us about today's white house event? >> well, it is exciting and pulling together people from all walking of life to advocate for creating flexibility for women, and girls and families to productively contribute to success in society in the government and also in the workplace. >> how can you do that? >> well, the most important thing that we can do is to bring it to people's attention that there is a need for more flexibility, and create awareness on the issue, and then secondary, we need to -- there are a number of wonderful success stories around it, and

he's a trader at deutsch bank, still is right now, there's rumors he might legal. he's told by colleagues that housing is going to go up. he risk his career to bet housing and subprime mortgages and to pull the trade off. in my view, these guys are the climbing up a mountain. they are going to the top. and paulson make it is to top and a few other come close. but not all do. some slide back down. why some succeeded and why some didn't, it's a fascination. that's why i wrote the book. why it was these guys and not the experts. that sort of kind of drives the book, as well as the dynamic about writing about winners. i thought it would be more enjoyable to write about and read about the individuals who figured this out. we can learn from these people as well, as opposed to those who learn the mistake. that's another reason why i threw myself into the book and project. i still find it kind of fascinating. first thing is why the experts didn't see it. that kind of runs through the whole book. it's a fascinating period of time in our financial system and in our nation. i

guy that takes the most risk in my book is the guy greg leamond because he was within a bank working at deutsche jenna bank. people thought he was crazy and made fun of him. they called him a fool because he was worried about housing and he was buying these credit defaults swaps. people were working with him, the senior people in his bosses, they all said the you can do a little of that the check back with us a daily and we want to hear about this trade in don't take add to manage risk and he ended up doing some things just to make money to keep his bosses have visavie to keep the strain on but if it had worked the would have been known as the fool who bet against housing. don't you know that the fed can always cut rates. don't you know that you are taking a real career risk and he did it and stuck to his guns. if he hadn't done this trade even still be making a few million a. housing collapse, perfect storm, and there were too many mistakes. the people that boy came up with this explanation perfect storm. so greg could have sent analysts are the worry. north he takes the biggest risks to me at

financial watchdog, the financial services authority or the fsa has raided the london headquarters of deutsche bank and bnp peraribasparibas. the raids involved more than 140 fsa officers and 16 residential and commercial locations. they led to the arrests of six people and the seizure of documents, as well. the fsa suspects that the people were involved in a, quote, sophisticated and long running insider trading ring, nicole. >> the san francisco fed president janet yellen says with unemployment high, the fed is no no hurry to raise interest rates. there may be a bump in the jobs market, but only expects unemployment to be at 8% by the end of the year. >> when the time has come, am i going to support raising interest rates? you bet. i don't want to see inflation kick up and we have to take the punch bowl away. >> yellen says that she's open to serving as fed vice chairman if asked by the president. the white house said last month that she's a leading candidate to replace done al kahn who is retiring in june. christine. >> nicole, the three-day rio tinto trial in shanghai has come to an end, even t

i mean, one thing i would say is, our health care group at deutsche bank did a survey of the buy sided basically found that 80% of investors expect that health care reform would pass in this form. and therefore theoretically are probably positioned for it anyway. i think this is pretty well baked in the cake in terms of stock prices. ironically some of the hardesest sectors like managed care may benefit just because, you know, the news is now out, and we no longer have this cloud of uncertainty hanging over the company. >> so what's your favorite stock now? >> so i think, you know, speaking for the health care group, i would say that, you know, the hospitals clearly are beneficiaries here. because they have a big, bad debt problem. and that goes away with this funding. the two that our hospitals analysts likes are tenet and community health. tenet is a turnaround story. community health is a consolidator in, you know, market that's right for further m & a. and managed care, two favorites would be wellpoint and aetna. covered by scott bidele. they're less exposed to the reforms or lowe

news on the arrests in one of the biggest insider trading cases in london, and we saw arrests at deutsche bank and other places. all of that and more coming up to you from london. >> here is how we finished the day from wall street. the dow ending at 52 points down, and again, economic news not necessarily the best. we had durable goods reports in and poor performance numbers in terms of housing that contributed to the downside that we saw in addition to portugal and down 52 points and nasdaq down 16 and s&p 500 trading down .05%. and bob pisani is our eye on the new york stock exchange and big day? >> well, we had two problems. first, the stocks struggled. as the rats pulled up, we had bond rates moving up. we had trying to figure out if it was a trend of the rates moving up or temporary blip. other problem, weaker home sales down four months in a row now and that is a bit of a disappointment. we need to see that pick up. looking at the positives and the negatives, because we are at an inflection point where data could go either way. we have positive earnings and retail sales and corporate bo

one of the sec regulators was spent at deutsche bank. he prosecuted white-collar crime in new york.rience is mostly in public service. you always wonder if the regulators are here to get a high-paying job afterwards or is the real world experience helpful tax many people leave the sec after a few years to get into the private sector. kusami pointed out to me that he left the job but being a top lawyer is a good job. the revolving door is a problem. in his case, it is not as worrisome as others. host: has that phenomenon been brought up to members of congress? are the critical of that? guest: congress has its own revolving door problem. they are critical of that. it is relieve the securities industry. it is a revolving door. just like the criminal prosecutors become criminal defense lawyers, you are never allowed to work on a case that you have been involved with on the other side. it is hard to stop that completely. very few would join the agency if they could not work in the private industry afterwards. host: democrats line, go ahead caller: the revolving door is absolutely astound

deutsch bank did a study of outstanding commercial paper. an instant part will come due by 2013. half of it is under water. as you know, a lot of mid- and small-sized banks and regulators aren't helping much, especially on the performing assets. we have performing asset where is people are making their payments, making their tax payments, making their insurance payments, they're current. and yet, the bank's bringing them in because of appraised values and telling them to come in with a significant capital call. can which they can't do in this credit market. and what the banks are doing are taking back the property. putting it on the loan loss side of the ledger taking credit away from these banks because they don't have the money. so, what can we do? this won't -- from my perspective wouldn't cost the government anything if banks have discretionary on performing assets. these are performing assets. why aren't the banks given discretion to footnote that these assets and they are assets, are current and can be treated as an asset rather than a liability on the balance sneet. >> you