that is sending bleach a bank really does not need. -- the deutsche bank does not need. >> investmentankers round off the bank's new board. frankfurt's twin towers are ready for the transition. but it would have liked to see tha's new their start. >> son's soccer news. the chappie and leagues quarterfinals turned up interesting pairings. munich faces more side. madrid against another team. chelsea against lisbon. the biggest one, melos facing barcelona. stay with us. we will be back in a moment. we will tell you why actor george clooney was taken into police custody. >> and we will get to the opening of the new formula one racing season. all that and more. stay with us. ♪ ♪ >> welcome back. agencies are warning of the next major food crisis looming in africa. this time in a western region. >> unicef says 1.5 million people can be affected across a wide area that stretches from the west to chad in the east. poor rainfall, failed harvests, and low levels of food stores are to blame. >> matters will get worse from the end of this month as the dry season begins to take hold. and as usual,

i think deutsche bank is right.tive catalysts this year as they explore for oil all over the world. the recent track record is phenomenal. top it all off, they're paying you to wait for these catalysts with that juicy 4% yield versus what you get in bonds. the yield may not be as good. but neither of them comes close to statoil in terms of drilling catalysts, in terms of finding oil. as for goldman's sell call, here's the thing. goldman seems very bullish about the european-integrated oils in general, but there are certain conventions that analysts have to follow that you may not know at home. i'm from this world so let me tell you. see, goldman can't just say that all of the big european oil plays are buys. that's not what they're allowed to do. they've got to pick their favorites and least favorites like being graded at school. they've got to give you buys, holds and sells even if the overall sector is great. i happen to think they're wrong to like statoil least. even if they weren't, what goldman is saying is the

ed loose who is the chief commentator of the financial times who will moderator and cohead of deutsche bank, and the former managing director of pim co. and a senior fellow at the new america foundation and eve smith, publisher of naked capitalism. we not only have copies of the atlantic for you to pick up outside, it's a great issue to get as james said, but thanks to the financial times and i belief in magnanimity, we have the ft out there, ed is an author of a forthcoming book called "time to start thinking: america in the age of decent," that shows where his thinking is going no mat where are the nasdaq is, ed, the floor is yours. >> not sure this is working, thanks steve, amazing audience here, which amounts to about 1% of your friends on facebook, i think you are a world record there a side from lady gaga. i'll not reintroduce our friends because steve just has and you have the bios we have an hour and a quarter to ask what caused this crisis in capitalism and how to fix it. i'm sure that it's too long. it's all very straight forward, but i will therefore get straight to the question

trading on these parts and many of the many millions of dollars were never collected at alex brown deutsche bank from the profiteering that went on from this it's an inside information is legal so you know maybe maybe they should take more pride in their prowess as traders and step forward and let people know that they're such good traders if they're going to have insider trading lars why can't people be more braggadocio about their success trading on inside information your thoughts well i think the inconvenience the fear is that the trades are the worse nor are organized enough. and this is basically the official story the terror attacks came from somewhere in the orient and were no affair. or home turf in the usa and so. right yes hard to determine exactly where the planning for the attacks came from but clearly there was enough insider information inside the us ahead of the attacks to at the very least they could have prevented the attacks and clearly somebody in washington felt it was in their interest to profit from the attacks put they put that ahead of the interest of those who suffered

we saw do, newspaper or ra and deutsche bank raising on gdp. ws on bank of japan. they did not raise rates, said the global economy was improving. we've also got german confidence a little bit better. little builts of nuggets, i think we're a bit positive today. again how to resolve this whole issue. >> someone pointed out to me in the past six months. 75 instances of easing among central banks around the world. that's been a lot of easing. >> a lot of help. >> when the bank of japan said they were not going to expand their quantitative easing program, the nikkei was up 1.5%. immediately dropped. and ended up on the day. but dropped on the same disappointment we get here, no qe-3, some people will sell off on that. i take growth over qe-3 or any kind any time. >> thanks, bob. meantime comes on a big day for the bond market. rick santelli in chicago. rick? >> well you know, as we approach 210 top of the range for ten-year notes i have my cpa, certified financial planner, bill herr. we always like to talk taxes. that's your cup of tea as we get re

i'm not sure if i want to own the stock at deutsche bank. not settling enough to own a european bank. i have a lot of problems, i don't need to own d.b. i think it's a good bank, and that is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's be

deutsche bank has changed the legal status so can avoid new rules. reports say deutsche restructured the unit in february, so it's no long area bank holding company. it would require u.s. arms of foreign banks to meet the same levels as american banks. reports say the change could have forced deutsche bank to inject up to $20 billion. >> president obama will continue to defend its energy policies today. he speaks in curbing, oklahoma, home to the big crude storage facility just before noon eastern. the president is expected to announce plans to expedite permits to build the southern leg of the controversial keystone pipeline. that would alleviate choke points from refines along the u.s. gulf coast. >> and coming up next, fedex is due to post earnings before the bell. can it deliver a strong profit? we'll preview the trading day on wall street. >>> fairly junior soldiers are adding a new layer of insecurity to the country which is one of the african nations. and this having an impact on randgold because the company has about 07% abo70% of its operatip

banks. >> gold has been a hot commodity in this uncertain environment, and deutsche obama is looking to cash in on at the bank -- due to bond -- deutsche bank. the vault is due to be built somewhere on the streets of the british capital london. it will be the center of the global world trade. >> to the markets now. stock markets retreated from our recent strong outlook on the chinese economy, because the demand for iron ore was slowing. here is our summary from our correspondent at the frankfurt stock exchange. >> the higher oil price on the agenda and china -- worries about the growth of china, especially in the chinese auto market, which is so important, especially for german companies, and so there was no wonder the german car numbers -- german car companies were among the biggest losers. still, the dax at the end of the day, well over 7000 points. a good start into the new year 2012. and the optimism drove the dax over 12,000 points with many people still here. >> was take a closer look at market numbers now. in frankfurt, the dax closed up down almost 1%. across the atlantic, the dow jo

i think european banks and i'm short deutsche banks, european banks are starting to once again flash serious warning signs. >> as we head to break, look at the vix touching above 17. there it is. a sizable gain at that today. at least approaching 17. highs of the day up for volatility index today. next up, driving consumer demand in the face of rising gas prices with mindy grossman and we're trading big movers in today's session and steve liesman in the wings with his all-america survey as well. more halftime report is on the way. looking for a better place to put your cash? here's one you may not have thought of: fidelity. now you don't have to go to a bank to get the things you want from a bank. like no-fee atms -- all over the world. free checkwriting and mobile deposits. now, depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidelity. ♪ [ male announcer ] for our families..

the high conviction list at deutsch bank. stock hits 600. at what point do you become less bullish?ontinual increase in the shares. >> the stock his a huge move and it's vertical. i think the thing to look at after product cycles, what was mentioned earlier. you have to keep on coming up with products. it's obviously ipad and the new ipad or ipad 3. we think in the fall time frame, there will be a new iphone. this stock as much as it's run, we will likely continue to work. >> at what does it have to reach where you take it and say it's getting expensive for my taste? >> i think -- >> what's the number. >> it's hard to say. the reason why it's hard is the numbers keep on moving higher. the street can under estimate the earnings potential of apple. it may look expensive, but they launched a new product. the brand-new product cycle. 20 to 30%. the stock looks cheap. people thought it was fully baked. 450, but they had the product cycles. now they have the new ipad. iphone 4 s, that's really a product cycle-driven story and that's the catalyst that can cause the stock to go either way.

p pete has done work on the economy. >> the idea that deutsche bank thinks -- >> looks like it's addingz, give me your final trade. >> take profits on banks. bac has failed three times against ten. >> patty edwards? >> buy position in phillips van heusen. report after the close today. >> qualcomm hasn't been this high -- buy it.

deutsche bank took it off its list and it came lower. speaking of technology, we're going to give you the name of one tech cash cow that has almost no debt on its balance sheet. and we'll find out if that criteria alone adds up to a winning combination. that's coming up this hour in "closing bell." >> here's a look at how we finished the day on wall street. dow jones industrial average closing higher. the nasdaq and s&p 500 moved higher without the help of apple. nasdaq higher by more than 15 points. a gain of half a percent. the s&p 500, over 1400. we did it, 1,402. without the help of apple. a gain of more than 8 points. two-thirds of a percent. bob pisani is our eye on the floor of the new york stock exchange. bob? >> michelle, we did it again. we got over 1400. i think the main reason is because we were quiet on the ten-year. i think the main reason we had it very quiet today, look at that, no real movement. concerns on inflation and ppi tomorrow, we'll get the cpi. if that's quiet, maybe this will quiet down a little. because of tha

that's when deutsche bank removed it from its conviction buy.g a little cash off the table they say. cisco, also down today. as it acquires its biggest acquisition in years. a video conferencing company, or video software company for tv. that was set to go public. we did have the stock going public today, mt com. they are a chip maker. the stock up more than 10%. not a bad debut on a day when apple's actually down. back to you guys over at the nyse spl bertha, thank you very much. with 17 minutes left in the trading session, check on the nasdaq composite, hitting its best level since november of 2000. on the back of the evidence that the u.s. economy is strengthening. up to 3,056. was up 19 at the day's high. the fear index, the volatility index essentially flat on this day. down 1.25% right now. still hovering in the 15 range. it hasn't settled above 20 since back on march the 6th here. >> the huge move in bonds earlier this week startled a lot of folks. big rise in interest rates. is it going to keep going. some big firms are throwing caution

it is usually bank of america or deutsche bank buying for their investors. their investors are benefiting from the mutual funds and retirement funds that they manage. that is different from a negotiated sale, which has a subscription where you are reaching out to settle the business locally for individual investors. >> as a comparison, a% are purchased by individuals. >> is that right? >> 80% in the hopes that it will find some use. thank you. >> thank you. commissioner? >> i would just like to thank you for getting the materials out. we have received the package. we got it on thursday. it is a tremendous help, especially for something like this, where the due diligence was so high. thank you for that extra time, and thank you to the secretary as well for making that happen. any further questions from the commission? any public comment? seeing no one, could i have a motion? >> moved. >> moved and seconded. all of those in favor? opposed? the item carries. madam secretary, please call item 11. >> item 11. authorize the general manager of the san francisco pub

i want to own the stock at deutsche bank.ill not settling enough to own a european bank. i think it's a good bank, and that is the conclusion of the lightning round. >> the lightning round is sfonsorred by td ameritrade. on december 21st, polar shifts will reverse the earth's gravitational pull and hurtle us all into space, which would render retirement planning unnecessary. but say the sun rises on december 22nd and you still need to retire, td ameritrade's investment consultants can help you build a plan that fits your life. we'll even throw in up to $600 when you open a new account or roll over an old 401(k). so who's in control now, mayans? ♪ accentuate the positive >> when the masht guests you lemon, make lemonade. i'm all about being a happy guy. i take a page from johnny measures other the really hideous days we need to accentuate the positive, eliminate the negative, stay away from mr. in xeen. that's why after the horrible mauling we took today, i want to talk about a potential turn in one of the most hated groups ou

first chief executor of hong kong on april 23rd the club is hosting a lunch for the president deutsche bank. invitations will be going out shortly. again, mr. secretary, thank you for your insights and we appreciate you being here. [ applause ] enjoy your dinner. >>> the supreme court this week is hearing constitutional challenge to the president's health care law. the court is releasing audio of the oral argument each day and as soon as we get the audio we're bringing it to you here on c-span 3. that is at about 1:00 p.m. eastern tuesday and wednesday. >>> starting april 1st see the winners in this year's student cam video documentary competition on the theme the constitution and you. as middle and high school students showed which part of the tunings was important to them and why. mornings at 6:50 eastern on c-span and meet the students who created them during "washington journal" each day. for a preview check studentca studentcam.org and congratulations to all no participate m.d. this year's competition. >>> in march of 1979 c-span began televising the u.s. house of representatives to ho

the chief economist at deutsche bank and given chicago he is the chief economist for russia and c.i.s. at renaissance capital we also have been heiress he is the editor in chief of business new europe as well as he is the chief strategist at oakridge but first let's have a look at how russia's new president may transform the country's economy. in four years time russia is expected to break into the ranks of the top five economies in the world with annual g.d.p. growth reaching up to seven percent however it's contingent on a thriving and innovative business sector the demand putin who is set to return to the post of russia's president this may winning more than sixty three percent of the votes has vowed to make this vision of economic transformation areality the foundations of basic economic policy have their roots in the shop royson will or will prices that coincided with the demand putin's first presidential term however moves to stimulate private business and lessen the economy's dependence on commodities especially oil and gas became a challenge to intern thousand and four the cur

the bureau who worked in various capacities at deutsche bank, mckenzie and capital one and has intimate knowledge of the market. >> can i get that number from you? >> we would be happy to provide that. >> appreciate it. >> with regards to that, i know there is a movement i've seen that some folks are trying to have mr. martin eeks, do you know mr. eeks by any chance? >> i have not met him, but i've heard quite a bit about him. >> they're trying to recommend him i believe for a position with your agency. are you considering that at all? >> that's news to me, sir. >> okay. i'm just curious. the reason i ask is because he has been rather outspoken with regards to his opinion of oversight with regard to the financial services industry. in fact, in 2010 i think at duke university, he made a statement that we have hired 50 lawyers, ph.ds and mba to basically terrorize the financial services industry. that gives me great pause when anybody like that is being recommended to your agency, if they have the attitude going in that they're there to terrorize the industry they have oversight over. wha

deutsche bank increased their own price target on the stock to 68 euros. an interesting one and what is really important is to put it into context. of course 1.3 million cars sound a lot before take them in to repair is one thing. it's more or less what they sold in 2011. however, in terms of what is really happening, the fault was reported with nine individual cars and they're doing a preemptive step by recalling these cars and trying to look at it of course for free. it should be done in about half an hour's time. but takes minor problem as an actual level. the other thing, of course 1.3 mill pion potentially at risk. only about a month ago, bmw was fined about $3 million, which is peanuts for a company like that, but it is the actual effect. they were fined because they didn't report early enough potential faults. so at the moment, the cost factor is up, bmw is up, the traders are in there and analysts still convinced about the stock. >> was the five and six series? what were the years in. >> between 2003 and 2010. so i'm sure you're driving a 2012 bmw.

peter, you're an ex-ofishow before you joined deutsche bank.cribed as the ultimate cause as opposed to the proximate cause, the imbalance and overconsumption. is that a factor? >> let's go back maybe a little further and look at a slightly larger picture. go back maybe to the early 1980s where the fed was fighting a major inflation. the last time we had a near great recession, with unemployment getting up well into the double digits, the recession to bring down inflation. that started off a two and a half decade bull market for bonds and stocks. inflation came down over time. the fed was successful with volcker and then greenspan taking the helm and bringing inflation down and engineering the agreed mott racing, -- the grate moderation, lasted for 25 years, a period in which inflation came down but risk general live came down as well, and at this time, we also had a bull run in the housing market. we had policies put in place to encourage home ownership and there was a belief that home prices never cash -- would never drop. this was a factor th

. >> deutsche bank meeting with management just met.'re talking about a dramatic share from down to 1.79 to say 1.2 billion shares. that would be remarkable. is that the government's stock coming out? how is that going to happen? if you just continue to buy back over time, you can't shrink it in 2012 like that. >> well, we paid down the spv, special purpose vehicle. let's be clear. we paid $8.4 billion in march plus the $6 billion which the treasury raised. so the fact is we've paid the government back almost $15 billion in one month. that frees up collateral. so we have the aia shares are now free. >> they might release that lock up. >> if the fed decides to sell off made lane three, like it did made lane two, that comes to us. that's 15. we have the aircraft leasing company we'd like to take public. and then you get over 22 billion and the special purpose vehicle we just paid a billion and a half for has a billion and a half in it in cash, that's from the sale to met life that we're waiting for the escrow period to expire. so, all tog

let's join ben pace right now at deutsche bank. along with rebecca patterson, cnbc contributor. and it is good to see you both. >> good to see you. >> let's first talk about the jobs numbers. what are you expecting, what do you think the reaction of the market will be? >> our investment bank is looking for 220,000. so we're a little bit above consensus. >> big number. >> big number, but consensus is 210. i think the weekly jobless claims and other labor data we've gotten in recent weeks is supporting that. we feel pretty good it's going to be a decent number tomorrow. >> do you think the market rallies on that number? >> modestly, probably. just out of relief. but given the rally we've had over the last couple months, i'm not expecting a huge reaction to it. people are also going to be watching greece. >> ben, what do you think? >> nobody really predicts revisions, but it's subject to revision type of number. and employment is such a lagging indicator, too. i think it's going to be over 200. watch the revisions. i think we're pretty much in good shape from an economic perspectiv

deutsche bank says rising rents and falling home prices, tax breaks and low mortgage rates making itattractive to buy than rent. >>> new chapter for encyclopedia britannica, discontinuing its print version to be online only no more copies under the 2010 version now in print is sold out. huge day for stocks yesterday nasdaq hit 3,000 for the first time in more than 11 years. the dow rising to its highest level since 2007 after jpmorgan chase announced it was raising dividends signaling it passed the government's latest stress test. 15 of the 19 largest banks have enough cash to buy back stock even if facing a new recession. citigroup, sun trust, allied financial and metlife among the companies that failed to meet the fed's standards. burger king out with its own st. patrick's day promotion free fries with a special green sauce made by heinz. i'm jane king. >>> san francisco's famed fairmont hotel has a new owner. a real estate developer will pay 200 million dollars for the 591 room luxury hotel in nob hill. the previous owner had plans to concert the property into a highrise residenti

deutsche bank, $135,000, and barclay's $133,000.tever will they do with cash bonuses that small. i don't know. let's try to find out. bloomberg news had a terrific article with people on wall street crying and crying, how am i going to pay my bills. here is richard shiner, he has $500,000 monthly parking bill. $7,500 a year in golf club fees and gun club fees and $17,000 a year bill in dog care. every time someone walks his dog, they charge $17. i wouldn't have a dog. $17. i would be like, no, i'll walk it. but how am i going to pay for all this. the bonuses are going down 14% please. but it's worse, he said he saved up money so he might be all right. let go to andrew shiv schiff. he said the $350,000 he earns doesn't cover his fame's private school tuition a kent, connecticut sum rental and an upgrade they would like for their 1200-square-foot duplex. he complains it doesn't have a proper dishwasher. it's $1.5 million house. and here i got a way to fix your problems. drop your summer rental in connecticut. i know, it's crazy "dawg,

the deutsche bank is estimating that everyone's that height is costing households or $1.4 billion a yearjaqueline: here is a live look outside, our last bit of daylight as the sun goes down. it has been sunny and warm out there today. the warming trend will continue into the weekend. the weekend will be even warmer tomorrow temperatures in the '70s in some places. close to the coastline it looks like temperatures will stick into the '60s. a look at satellite and radar, warm and dry air pushing the storm track to the north. you can see erupting around. that is what is driving our wind pattern. >>pam: tornadoes slamming large parts of the south and midwest. the entire stretch from alabama to indiana and points each. grant lodes is monitoring this developing story in our newsroom. >>grant: another round of killer tornadoes just tearing through several states. this is the destruction. at least 14 people have now died. emergency officials are almost certain that the death toll will continue to rise. but this is in addition to 13 people who died on wednesday. people are confirmed dead in ohio,

deutsche bank changed the legal stat its u.s. subsidiary.ch restructured the unit in february so it's no longer a bank holding company a provision of dodd frank requiring foreign banks to meet the same capital and american banks requiring a cash injection, and goldman sachs going muppet hunting ordered a company-wide review of e-mails looking for derogatory terms used when referring to clients after a scathing "new york times" op-ed and resignation letter in which he said five goldman people called clients muppets. >>> deep dive into the 2012 race for the big money. >>> we're back in 30 seconds. >>> back in the watergate days, following the money. add shadow cast by super pacs. mitt romney raise $12 million. and spent twice what it brought in, still has $10 million on hand. what's striking about that super pac number is this, half the february funding came from one man. texas home builder bob perry. more on him in a minute. if the name doesn't ring a bell, the key to sending swift boat ads from kerry. and a top echelon joining billionaires f

deutsch bank says everyone cent costs americans $1.4 billion a year.a political season that talks about inequality, steven leeb says higher prices at the pump will make that problem worse. >> there are a massive number of people in this country, i would guess around 40% now, that are really making choices involving food versus gasoline. >>> the price of oil has risen 15% since the start of the year, and you might think that would spell economic disaster for countries dependent on oil imports for their industrial and energy needs. here in asia, for example, japan and south korea are completely dependent on oil imports. an oil price spike doesn't necessarily mean financial gloom for this region, at least as of yet. >> let's look to japan first and find out about this fact. all of japan's 54 nuclear reactors which it relies on for electricity will likely be off stream. this is still the fallout from the march 11 quake and tsunami which happened pretty much one year ago. despite this, analysts agree that today's higher oil prices will have a very minor imp