deutsche bank is not unique in this regard. european banks face all of these known unknowns. >> that's true, but deutsche bank seem to have trouble in spades. probably more than other banks because it is germany's icon. but also because it was involved in so many of the derivatives trading, the bad real estate, the currency trading, the libor scandal. they had their fingers in everything. they are undercapitalized. it was tough for them to deal with all of these things all at once. >> let's do a data check to get started. futures, negative one. the euro, a little stronger over the past 24 hours. it is a quiet screen. on to the next one. boy, have we been on a roller coaster ride over the last number of days. the currencies get our attention. weaker ruble, stronger brazilian rial.- let's go to what really matters. 2:00 p.m., janet yellen and company will announce, michael mckee, among others, saying it is not a big deal. here's the blowout. the fed being accommodated. this is a punch bowl going up, up, and away. into balanceg ove

the challenge for deutsche bank and other banks in a similar situation, no one quite knows what theirigation cost is going to be. they said they are in talks with officials about settling the libor claims but that doesn't get to this issue of what happened with currency potential manipulation. what is going on with the stress test and mortgage backed securities? there are so many other legal challenges for this bank. they may be setting aside more. commodities and currencies, they came in about 1.4 billion. you look at where they have been in the past couple quarters, it has gone up and down. that wasn't as bad as some had been expecting. may be news there as well. >> the stock down 0.85% for deutsche bank. let's move it on, a very busy morning. another round of oil results today. the theme is the same. profit hit by lower prices. caroline, let's look at today's numbers first. similard statoil, story? >> exactly the same. oil prices in a bear market. they are more than 20% off their highs back in june. if you are producing oil, it is heading the bottom line. profitability down 2%. the

>> a new man at deutsche bank. new net loss. >> counting the cost and the market on the pilot strike. >> decision day at the fed. of qe mean?he end >> a commercial cargo rocket it explodedlies and on takeoff. >> hello and welcome to countdown. >> welcome to the program. >> a big day for earnings. they are crossing the bloomberg terminals. company earnings have narrowly missed estimates. income is 9.1 billion krone. below estimates, the big story. they lost him to be e.g. and that was unexpected. and are a smaller rival have been for the better part of a decade. they start looking for a successor and the company thousand maintain the strategy of cutting costs to raise shareholder returns. projectioned earlier targets and started implementing the efficiency program with cash 2016.perations by is output for the quarter of 1.79 6estimates million. oil production targets have missed, as well. with theur interview ceo for the time being while they look for another one. he will be joining us. they will discuss the earning

i want to get you flashes on deutsche bank. reuters quoting sources saying deutche bank performed well in the third quarter, especially in investment banking. it goes on to say, the sources at reuters, say deutsche bank in the third quarter burdened by provisioning for legal and regulatory matters. they have reached out to deutsche bank for a comment but they have declined. deutsche bank shares are higher in intraday trade. >>> and shares of hewlett-packard are trading sharply higher in frankfurt. the tech giant is reportedly going to break into two companies in the latest attempt to improve its fortunes. the announcement could come tomorrow as h.p. will spinoff the printer and p.c. business from the hardware and corporate services unit through a tax redistribution of shares next year. meg whitman will be chair of h.p. inc. and the other will be called hewlett pack enterprise. the spinoff is a major trend in the technology industry that broke last week. we heard about e-bay and their plans to spinoff paypal and we saw e-bay shar

deutsche bank are still to the surprise third quarter of 92 million euros. a modest rise in investment banking phased to upset the impact of the higher litigation costs which have now topped 3 billion euros. germany is the largest lender. they expect headwinds to persist and that's the reason why the stock is trading lower, 0.6%. let's have a look at facebook. the company reported quarterly earnings and revenue that fit expectations. but the stock tanked yesterday in extended trading after the social media giant issued a disappointing outlook with a -- with a worrying announcement regarding the cost. facebook is down 6.4% this morning in frankfurt. >>> and moving to the italian markets, with still the focus on bmps, the italian treasury says it would not -- a request to delay the repayment of the state aid. the bank's chairman says it may have to make the move after becoming the most high profile -- of the banking stress tests. they said they could not rule out a merger. shares of dnps higher by 1.7%. steve. >> all right. a couple of days ago to corporate bon

one of the top stories in europe is deutsche bank, which has posted a surprise third quarter loss of 92 million euros. a modest rise in investment banking sales to offset the impact of high litigation costs. a massive ongone story for banks both in europe and the u.s. ongoing litigation expenses. as you can see, it's down the best part of 6% over three months and down about 0.5% so far today. seema, what are we expected in the u.s.? >> a mixed day of trade right now when you look at u.s. futures ahead of that. an important fed decision on interest rates. yesterday we did see a big rally in stocks with the dow closing back above 17,000. apple, qualcomm, broadcom and hp all trading at new highs. how do you make money in these markets? here is what some of the experts have been telling us this morning. >> we really like theield curve extension. people rolling along the curve to pick up yields. >> we're going to see a lot of improvement and the capitalization in the next couple of years. we like volkswagen. >> the value next year, 13.31 from the current. that begs on the chinese and india

. >> deutsche bank has swung to a 94 million euro loss in the third quarter. on litigation charges. germany's lender set aside almost 900 million euros. hansng us with more is nichols. let's start with numbers. 94 billion euros in the third-quarter loss. compared to what they had last year this quarter, 40 one million gain. it is not all bad news. their pretax profit was up 200 66 million euros. compared to around 12 mean euro before. "on the markets trading and equity trading, they did better. bank andine -- on equity trading, they did better. they have the idea that they will have another 1.1 billion litigation charge. when you look at fixed income commodities, this is where a lot .f banks have bread and butter deutsche bank is no different. they came in at 1.4 billion, date 1.8 billion the previous quarter. let's compare deutsche bank to competitors. staggering.are strate america, five .6 billion dollars. goldman sachs, just shy of $200 million. at $1.13 billion. they are talking to authorities about settling the libor charge. we still do not know about the currency manipulation

deutsche bank is down 1.4%. 24 .98 on deutsche bank. dollar down. be careful. are net short. they have changed their position on the aussie dollar. 1%. r down by 3/10 of nothing the fed has said has the anything to give to dollar. the dollar is down. that is giving a little to the aussie dollar. the yen has been down. scared, thateling is your haven trade. hedge fund managers reducing their bearish bets. conversation. don't capitulate on dollar longs and really hold onto them. look for better opportunities to reenter the dollar yen trade. opportunity to reestablish your position. >> great work. ftse 100 lower, down by 42 points. the dax down. 01% drop at the open. we are looking at pershing square. stocks down 2.4%. point 31 right now. we will be talking to the -- .4 .31 right now. we will be talking to the head of that. right now. 24.31 for joining us this morning. last week very busy week. clients were calling you up. what is the big question? ask the question is is this just a correction. -- >> the question is is this just a correction. or is it something mo

cere >> the deutsche bank relationship can be up in the air. oversees japan's softbank.interesting to see how he goes from here. they have not worked with him since 1998. cheap, but that he's he tries to cut down their commission and he has backed out on several deals. it could be good for shareholders. number seven, jack ma goes hollywood. making a studio, planning to acquire online content. talking to everyone from lions gate to disney to time warner and more. we've seen these hollywood blockbusters like transformers hit it really big in china. chinese consumers love these big hollywood.lms from >> this was the path they were always wanting to take. they want to be all things to all chinese people. boxesave these top set where you can show their online content. they are looking to tap into this market. los angeles and hollywood does very well how to separate people from their money. there have been movies made people that show up in town and have a big checkbook. >> are you a transformer kind of guy? comes to the u.s., we have mark zuckerberg heading to china. visiting

deutsch bank $1.25 by the middle of next year. .oining the bandwagon >> e.u. milan today to discuss jobs in the euro area. one-fifth of people out of work. matteo renzi says he has a plan to overhaul the country's labor issue. >> we will go to the discussion with our european partners with a plan of structural reforms that is the most ambitious ever conceived in italy with a time frame for implementation never seen in europe. >> forces broken out across southeast turkey. the advance of -- a 10:00 p.m. local time cur fefment w has been imposed. >> a 6.6 magnitude quake in china killed one and injured over 700 people as well as destroying almost 7,000 homes. >> chicken nuggets are causing a little stir in china. the parent company of k.f.c. and talk owe bell has missed profit estimates. probably because i haven't been eating it. it's struggling to survive a second food safety scare for a little more. think of those iconic brands. it's about food safety, but that's what has gone to the top of the agenda? >> yes. the issue is, if you think the chicken in your chic

four of them are still working for deutsche bank, including the co-ceo's. the most senior guys. they took the action because of the bank's widening legal bills. they have been battling several thelems in europe and in u.s., including allegations that they are manipulating benchmarks for interest rates. >> the bonuses actually go back to 2011. >> absolutely. and wells fargo will be reporting on the 14th. we will head to that without guest host. >> bill isaac's joins us, the former fdic chairman, and geoffrey dennis is not scathing on washington. he looks at emerging markets. there seems to be a correlation going on. do you see a new, more urgent linkage between commodities and currencies that can lead to trouble for equity markets echo >> with emerging markets you are having that trouble already. we had a huge selloff in september. all the gains we had yesterday, only about 10% at one point, have pretty much disappeared. >> does that follow into the major markets? >> i don't think so. given the economic challenges in europe and japan, the weaker currencies are helping. of course,

. >> deutsche bank were like -- i think deutsche bank thought we were like the department of justicels you in, guys, shuffle the deck here. no. they say here's the number. the negotiations i heard, they go like, hey, listen that guy paid $15 billion. we wanted $17 billion. we're the u.s. government, we don't do that type of thing. >> banks set up good? >> we need rates higher. >> part of the visa/mastercard rally, you need a faux financial. who said faux, faux, faux, remember? >> moses malone. >> come on, man. >> i'm with you. >> you're good. >> a gain of 141 points. dow jones industrial average right now is at 17,336. >> do you think that is legitimate given the fact the fed played a role. should we do a fed-adjusted that the dow is at 12,348? should the fed adjust the dow? >> or because people own stocks we use the real dow, not the fed-adjusted dow? i rest my case. >> case made. >> thank you. >> not at an all-time intraday high. 17,350 is where we need to top the all-time intraday high. there is a lot of green. >> even the baddies are moving up. facebook. >> twitter up 1.5%. >> re

first we have deutsche bank upgrading mgm resorts to buy from hold. >> a lot of the stocks are going to be down today. mgm down 1.3%. the target was raised from $30 to $29. this was a $28 stock in march. deutsche bank says strength in vegas will count your weakness. >>> we have goldman with a buy. >> 12 month at $166. the stock at $140. that is about 16% upside. the analyst note says something about a multilayered product cycle story. >> did someone at pr write that? >> clearly. the bottom line is they are positive on the stock. >> that is the bottom line. number three, jeffreys upgrading noodles and company to a buy. >> the target goes to 24 from 22. what analysts are saying is that growth expectations have been smartly reset. if sales can improve we are back to the price. this is a hot stock. the ipo back down to around 48% year to date. coming to the rescue. >> a company that our good friend herb has commented on. he will be joining us in a second. our under radar name of the day is crown holdings. let's take a look at what it is up to. >> down 0.1%. we always dig out an under the

deutsche bank. commerzbank trades in germany. all down 2% or 3%. markets are losing confidence in what the ecb has to offer. the ability of european officials to enact structural changes. it's been very slow, particularly in the southern country. dealing with deflation issues all around. lower global pros, lower commodity prices. i watch etfs. look at tips. treasury inflation protected securities. people are worried about inflation. they buy this. if not, you see what's going on. this has been down. there's been very heavy outflows from this particular etf for the last several weeks. really for a month. you can see demand has been declining for that. if you look at the growth areas. we've been talking about the russell 2000. if you look at the russell growth component. there it is on the white line there versus the s&p 500. the last month the russell growth component has been noticeably underperforming the rest of the overall market. there is your slow growth concerns weighing on things. s&p, no place to put money. stocks up, bonds up. we are up 6%

deutsche bank downgraded by what? $3 from 105.aven't had that big zing until the christmas season. >> they quoted you in the downgrade. >> they say limited catalysts. >> i would agree. we know the watch. whether or not you believe in the watch. >> christmas sales of the new iphone. that is limited catalyst. >> i think it is relatively limited if the numbers start fading at all. that is the reason that deutsche is nervous. >> the moment you can't afford to miss from the halftime report plus final trades. big rally on our hands. dow retaking 17,000. we are back. whenwork with equity experts who work with regional experts who work with portfolio management experts that's when expertise happens. mfs. because there is no expertise without collaboration. i'm spending too much time hiring and not enough time in my kitchen. [ female announcer ] need to hire fast? go to ziprecruiter.com and post your job to over 30 of the web's leading job boards with a single click; then simply select the best candidates from one easy to review list. you

the ecb stress test, earnings from deutsche bank, from barclays. our creditme analyst.the service, barclays looked like an ok set of figures. profit rose in the third quarter. adjusted pretax profit 1.5 9 billion pounds. is all as well as it seems? i believe the bank is in transformation. recent. was very we need to give them a couple of quarters. the market looks a little bit soft in comparison to yesterday. we have to look at the small print. >> some of the banks talked positively about the very end of this quarter had boosted their trading revenues. any evidence that has happened? >> actually not. if you look quarter on quarter, year on year, they are a little bit down. that is in line with what we were expecting. >> they set aside 500 million pounds to settle probes in the .urrency markets, pbi when is it going to end? all this litigation. toit probably is not going end for another couple years at least. >> more money put aside as well? , how muche a figure barclays is going to have to face in litigation cost? >> on the pbi side, 900 million last quarter. this quart

for companies like deutsche bank and commerce bank and not great news for companies like lloyd's.e'll have the bank of england's own stress test and i will be an issue. i do think want to look at europe and say, a lot of the really -- maybe unjustified. i look at the economic numbers, that of europe and they are not quite as bad. morning, with an equal amount of skepticism. over the past 12 months, the banks have taken it seriously. they have raised -- when we got? 60 billion euros. the banks took it seriously. beyond that, you look at the assessment, the nonperforming loans, it does not point to a very healthy banking sector, does it? >> no. greece last week, fully anticipated the good news today. and since would've not resolved numbers, although euro bank has clearly itself in the position where it is not to the very sears. some banks have profits. talkingsings, women about -- we have been talking about the short interest. some were bidding the share prices and they have a closing out. settles, there will be real winners and real losers. ing is a winner. i am backing -- there ar

economist at deutsche bank. thank you for being here today. i want to talk about what happened over the last week. we had all of these worries about ebola, europe and rebecca, none seem ito have gone away an our perception seems to have changed. >> i think we have a better perception of them. and a few data points on earnings and economic data to reinforce the idea we're not falling off the cliff. there's no sense of equities doing a real selloff after what we have already seen after a risk of a global recession. we've seen u.s. jobless claims mortgage refinancing, mortgage applications, consumer confidence, the list goes on suggesting the u.s. is doing quite well and europe is slowing but. >> did your chick outlook change week to week. >> i'm bullish. a lot of good data. consumer sentiment last year, low historically but edged higher. shows households aren't that worried about what is happening, for the economic situation. to me everything looks decent. growth could be 4% for q 3. maybe 4% this quarter. nothing's really changed. >> maybe our

but in 2010, i worked at deutsche bank when it was the behemoth. them $4 billion, they doubled down and sold it to blackstone. >> i will find out if it is still the hot place. coming up, the boomerang kid. the one who returns home and ends up sleeping in their old twin sized head. what does that mean for the mattress business? ♪ >> having trouble sleeping with all the money you are losing in the market? we are going to talk about mattresses. cerda international, the american top mattress maker is wanting you to think high tech. isn somebody says to me it time to get more social in your bedroom, i am clearly jumping to the wrong conclusions. >> or the right ones? >> first of all, good morning. thank you for having me. when you look at the betting providingit is about food clothing and shelter. >> you worked in the kitchen appliance industry? >> for 25 years. and i am able now asserted to be able to fulfill a another basic need and everyone's life, which is a good night sleep, health and wellness. e think what the gidget industry has done is turn it

. >> number eight is las vegas sands after deutsche bank downgraded them to a whole.itive advantages are easing says deutsche bank with a price target of six to five dollars per share which is falling in the premarket, down more than 20% so far this year. >> number seven, the european union opened an investigation trade practices and luxembourg as they focus on a deal with the government alleging that the company cut a deal to unfairly shift profits. and avoid higher taxes. >> it looks like investors are not too worried about the stock. >> they should be happy about it. it saves the company money. stock getting a pop this morning is rio tinto. this is after the company rejected a merger attempt from glencore which would have created the world's largest mining company. glencore has reached out to the rio tinto largest shareholder in a potential deal next year. glencore has said the talks are on ice the ticket would now that the deal has gone public, it's likely the price would go up. the ceo of glencore is not likely to overpay. and biteto sweep in rio tinto cheap beca

will leave the bank, and the head of investment bank and deutsche bank figures this. here to partner. lots of change going on. >> sure. goldman sachs is probably leading the industry as far as rationalizing and automating as much as possible. remember, the banks, jpmorgan, goldman sachs and others complained about the regulations that regulars have imposed around them, making it difficult to make markets. if you can't make markets, you don't and people -- you don't need people. you become a flow business, flow requires fewer folks, the computerization to fixed income trading business is happening, and if that is the future, there is no question you will need fewer people and you want pay them as much. years ago talking on a utility banks, are we back to a chemical bank -- >> they would love to be chemical bank -- >> bill, the money question is can they be both? back to daysre not where somebody like jpmorgan chase is many heading or chemical, even though that is part of their dna. they will do lending, yes, but they will do other things. i've said before on the show, w

. >> prosecutors contemplate a move against deutsche bank. k times" says the was may push the banks to plead guilty after accusations of interest-rate rigging. they also say at least one paper likely charge of currency minute relation. prosecutors are looking at whether deutsche bank -- libor. morgan chased j.p. come also made attempts as were but apparently, they were unsuccessful according to "wall street journal." several institutions said they saw traffic from computer , but did- addresses not believe their systems had been breached. the cyberattacks on targeting jpmorgan of change the wake second of think about hacking in general. this is according to a former homeland security secretary. he is now the chairman of the chamber of commerce national security task force who was interviewed by our very own tim fox. >> i think there is been a significant sea change in the attitude of a lot of the executives. i think it is understandable. i thing many of begun to understand we have a lot of electrons flowing all around the world. that can access

deutsche bank is said to be the most impacted with a fine of $6.5 billion. barclays and u.b.s.potential fines of $4 billion as authorities across the globe crack down on allegations. mark carney, governor of bank of england it is a central bag had to shut down the system that handles 575 billion pounds of daily payments. the mechanism was suspended at 6:00 a.m. yesterday and remained offline for hours. they will investigate the cause of this disruption. now of course we covered apple's big beat after the close of trading yesterday. whose 'll talk about the designs power apple's products, that is is arm. their third quarter earnings beat. joining us for more on his company's results, simon. great to have you here. the shares up. a nice picture for you. i'm going to try to turn things around. what have we got this morning? >> 9% royalties growth. the c.f.o. talking about getting back to 15%. when are we going to get there? >> we anticipated the second half being strong thearn first half. royalties are 11% year-on-year. getting back to the levels we expected right at the stoofert

most people will focus on this one and the enormous balance sheet of deutsche bank. absolutely enormous balance sheet. the shares today are down 27% over the last 12 months. trading at a significant discount price compared to the broader market. and there are concerns about things that weren't in the stress test, including litigation. that annetta brought up in her questioning to the press conference in the ecb. commerce bank upward 29% over the past year as well. steve, do you still have issues or concerns about the valuations of assets on the book and the size of the balance sheet about the german banks? and more broadly, and especially, in relation to what you mentioned earlier, rwa, you don't like the evaluation. >> i don't like it in a risk sense. it's a little like value at risk which is fine until it blows up in your face. so i'm concerned about the total in europe. if you take instead capital to the balance sheet, then the european banks are still thin capitalized. >> weighted assets, but the latter is used by the americans, yeah? >> indeed. >> after this and

deutsche bank added the stock to it short-term buy list.eneric drug maker boosted its outlook for the year. they had a better-than-expected quarter thanks to multiple drug launches. we are on the market again in 30 minutes. more "bottom line," on the other side of this break. ♪ . . >> welcome back to the second half-hour of bottom line on bloomberg television. i am mark crumpton in new york. thank you for staying with us. israel wants to aggressively transform the way early stage startups are getting funded. just a good let angel investors write off 100% of -- bill would let angel investors write off 100% of their investment. they began by discussing the outlook for israel's start up industry. >> israel's high-tech market is at its all-time best. we have a number of companies at an all-time high. we have 1000 new start up companies in israel every year. in all categories. everything from securities to consumer companies, everything. i think the world is really noticing what is happening in israel. is chasing start up companies for funding b

the deutsche bank with increased volatility helps the deutsche bores to more than double its profits in the third quarter. it benefited from a lack of litigation costs after previously being up to 112 million euros, for possibly violating u.s. sanctions against iran. the stock is resting positively up 2.3%. also in focus today, mann almost flat. the german engineering company has lowered its full year profit forecasts. the group says it now expects the operating margin to come in slightly above last year's 3%. first quarter underlying earnings dipped by 82 million euros for the quarter. >>> and also trading lower, 1% lower, celesio facing unfavorable conditions in germany, france and brazil. falling slightly from 2013. >>> italian markets, difficult session yesterday, of course, the banking sector had a very negative impact on the italian index. the ftse mib is bouncing back today in line with the rest of the indices in europe. the banking sector, net profit fell 6.4% in the first three months of its financial years. the investment banks, one of capital gains boosted the previous yea

deutsche bank ceo voicing concern that european banks have slimmed down to the point that there is not of credit available. one thing they did agree on is that the u.s. is the best house on the block, the economy is recovering, the consumer will begin to spend even in the face of rising rates which morgan stanley ceo said should not be a concern. here is what he said. >> this dog will hunt. and it's time that we got out of the scar tissue of the crisis and started dealing with the facts. and so i think that's my view on the u.s. economy. rates are going up in 2015. 2015 has 12 months in it. at the earliest it will probably go up in march, at the latest probably september or october. we are talking about six months. does it really matter that much. >> and, of course, the conclusion that he drew was rates are going to rise, get used to it. dimen voiced his bullishness for the u.s. the moderator asked if he was considering running in 2016. he currently said no. they did talk about regulation, of course, there is a lot still happening on that front. they said there is a lot of progress tha

. >> i didn't know it was panera bread, i thought it was deutsch bank. they're in trouble. there is a huge opportunity in the stock i just don't know where it will be. >> drop for trinity, dan? >> this one takes lawyers to figure out. the stock is down at one point almost 40% in a month. they lost a lawsuit today. the stock was down almost 10% today, i think this one will get washed out and it will be closer to 30. that could be a good spot to step in. >> fire breathing spiders, a salt lake city man built a display guaranteed to get his neighbors fired up. it took him two years to construct the eight legs creature that will remain on display through thanksgiving. >> do you who sings this song? it is "boris the spider" by the who. >> you are a fountain of useless knowledge. time for a-game segment where we take a closer look at alternative investment strategies. here to give us the best currency play social security cathy lien, it is great to see you again. >> great to be on. what are we to assume here for the dollar? >> for the most part the trade still centers around diver

i saw deutsche bank downgraded today. i say i like the trajectory of the earnings.homas in florida. >> how are you doing? >> i'm doing well. how about you? >> caller: doing great. my question is about kndi. >> go back to low teens and went up again and now we have no opinion on kndi because we like alibaba. we like vip shop. cynthia in colorado. >> caller: hi, jim from winter park, colorado. my stock is franks international. >> oil and gas. when we talked earlier about another company it just really doesn't matter. this group is for sale under liquidation. it is too difficult to be able to call bottom just yet. i am an understanding individual about the way the market talks about stocks and thinks about stocks as i said at the top of the show. as i wrote all week you can't trust the holders of these stocks. that is why they are going down. it is the holder's weakness and not the company. that is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. >>> what do people turn to when the market gets hammered? i just turn to beer. a

>> thenÑi there's deutsche bank it's good to be the king, buy.w1 specific classw3 -5buuzi] like outperform tit "keep calm and play on," outperform. and let's not forget jpmorgan which told you, king wasçó lead in mobile gaming with candy tale and rapid growth on the farm, initiate at overweight. holy cow. i'll grant you3w some ofçó thes titles earn >ints for being wrong,xd sickeningly wrong. howú(@' so many analysts turn out so mistakençó about axd sto especially one with a negative first day. the mistake almost all made was zynga, the stock became public atrauz end of 2011 and '10 and crashed and burned the next year the stc $2 and change. i think that ceo's good but no the thesis from these analysts with simple. king digital was a lot cheaper than czynga was and kingc digital's numbers lookedçó bett than zynga's, too.çó here's the problem with this kind of analysis.çó it was a total disaster, i mean, like so what? if your bullish thesis is a stock has better valuation than stocks of the era, that's not a reason to d?je9ñ it's merely theÑi ultimate exame of damning with faint praise.a5 he

that probably will start to do well, it is not heavily followed, it will get a few upgrades, but deutsche banky upgradeed it last time they downgradeed it was two 2013, barclays downgradeed it in 2010, and this month upgradeed it. and they report next friday, i like it hillary? >> this is a sweet spot, there is value, there is growtt, and technical support this is a buy. charles: matt? >> i like it too, if it can meet its numbers of earnings a share, you watch that $72 level, if it breaks there,. charles: on the down side, a stop loss? >> yes. >> i am more cautious. it has been shifting its plant to low-cost countries, that usually cheapens the products. charles: all right. there are opportunities, construct, and technology, and transportation, what about blue chips? we'll all here to help make you money. so ally bank really has no hi fees on savings accounts? at's right. 's ju that m worrieabout you know "hidden things..." okok, why's that? noiddefees, from the bank wherno branch equs grearates. she inspires you. noueion out that. but your erectile unction - that could be a questi of blood fl

nonetheless, a downgrade from deutsche bank moving apple shares after hours.n we come back, an organic food fight, the ceo of sprouts farmers market here to tell us how increase organic food competition from walmart, of all competitors, as well as other stores and higher food prices, how is that impacting his business? jane wells will give us the answer. >>> then gonna tune into the future of tv. why your flat screen tv may look like an ancient relic in 25 years. oh oh. how much money do you have in your pocket right now? i have $40, $21. could something that small make an impact on something as big as your retirement? i don't think so. well if you start putting that towards your retirement every week and let it grow over time, for twenty to thirty years, that retirement challenge might not seem so big after all. ♪ sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. >>> the organic food

deutsche bank saying sell, sell, sell baxter, adding it to their short-term sell list.hey think earnings expectations are too high. stock down 5% over the past month. >> and paychex. >> upgraded to a buy. they see nice froth ahead. the target $49, still a buy rating nonetheless. >> this is a company you know well, baby product company graco. >> it is, because i have a month-old kid at home. this is the paint company. >> oh, you know, this is what -- i'm sorry. i was thinking it wasn't a publicly traded company. >> this is the paint company based in minneapolis, minnesota. oppenheimer opting to buy, their target $79. they see growth ahead. they had to sell a division under an ftc order. they bought a company and the ftc said no, no, no, you're way too big. i appreciate it. i have a one-month hold at home. next time we'll do huggies. >> next up, henry schein. >> i'm not endorsing huggies, pampers just as good. >> you'll take anything. >> henry schein upped to a buy from neutral. the target about $131. about 15% upside seen. >>> and the under the radar name day of the date

on this day goldman sachs and deutsche bank cuuout looks for 2015. breaking down the goldman sachs call in particular where they see west texas at $75, rather than $90. that was their previous assessment. taking down price targets on some of the names as well. while they still have buy ratings on eog and range resources, they put some sell ratings out there particularly on laredo and parsley and downgrading names like anadarko and continental but the big picture here everything that we've seen moving, oil including, global demand story that has been weakening. also the fact that we're producing it right here at home, strong dollar, alllof this is really factored in. this group is the weakest group and has been the second half of the year in particular. back to you. melissa: nicole, thank you so much. hillary clinton is backtracking today after fiery comments on friday when she said businesses do not create jobs. clinton said she was referring to corporate tax breaks. don't know how that works but anyway. capital strategy. cheri jacobus is here with c

deutsche bank just added to their short term buy list.en a great performer obviously until recently with the rest of the space. but you have to play from the long side. >> what is your feeling on transports? >> i don't like them. look at what happened with the cruise lines. nobody really -- everyone is putting it on hold. is it a buying opportunity? i think you have to wait until we get through october quite frankly. >> more options action every friday. check out options action.cnbc.com. let's get to some tweets today. it was a very big market day. so i know you have a lot of questions. first one, karen, are you still long cumulus. >> sadly the answer is yes. i hope i'm alone there. this ironically today, it didn't seem to go down any more on a relative basis. but it's really been a terrible trade. i am long, hothough. i think it will continue to generate cash, pay down debt. we'll see november 7. go ahead and put your bag right here. have a nice flight! traveling can feel like one big mystery. you're never quite sure what is coming your

we have guys like deutsche bank at the top. barclays at 3%. what was the data? adp coming in 213 versus 209. construction spending down 0.8%. ism is down but that was still a pretty healthy number. there was some concern that maybe the markets got this wrong even though it was below expectations. steven stanley saying there is no way to look at this report as anything but robust in an absolute sense. although below expectations this is not a weak report or mediocre one. adp 213 as we said. we are on a pace for 200,000 what we are looking for for the friday number. it would be wrong to say the market didn't react to some of the weak overseas data. when i look at the concerns on the market i think it is not so much the u.s. which is still on a 3% trek for the third quarter but what is happening in europe and china and asia right now along with ebola are affecting u.s. stocks here. >> when i see a german bond market below 1% for the first time ever i know a few things the printing press is probably going to kick in but what they are saying is that europe is sick. i

during the one-year anniversary of the ipo and deutsche bank predicting revenues could double by 2017 to a nice pop today. putting cofounder jack dorsey in a pleasant mood. he owns 22 million shares many he has raked in nearly $21 million today. hashtag jack of all trades. possibly losing money through culinary kindness? new york chef has released his official recipe for the coveted pastry. why? meaning you can bake them at home. it will take three full days to make it to perfection. it takes time. profiting, putting willie nelson's signature braids up for auction and they fetched $37,000. in fairness there's probably at least a dime bag worth of weed in there. the ipo market is on a hot streak going to renaissance capital. initial public offerings up 56% from last year. what about an ipo for a movie star like brad pitt? one company says tremendous potential for this market. the cofounder and ceo is here. thank you for joining us. you have already done this for athletes. explain to me how it works. >> we acquire the cash stream. in the case of professional football player like vernon

deutsche bank the first ones to give access to the shares actually in china. there is csi which is a direct play on some of the internet stocks there. >> my favorite show. you love it. >> thanks very much. >> sue, down to you. >> you are on a roll today. >>> investors waiting for clarity and keep in mind we have the fed minutes coming out at 2:00 p.m. eastern time. and then earnings season kicks off after the market closes. with me on the floor is portfolio manager with lk balanced fund. and we also have fred dixon, senior vice president and chief investment strategist. i am going to turn to you first. it does feel as though just in the last couple of weeks volatility is up, global fears are up and we are now getting significantly poor data out of europe. >> the markets are nervous. as earnings start to come out caution will go away and people will start to relax and realize the u.s. economy is doing fine. companies we expect to report fairly good earnings. >> do you expect it to be a good earnings season? >> we expect reasonably good earnings. 70% to 80% of t

aig upgraded to buy from hold at deutsche bank saying the insurance giant is on pace to return $25 billionshareholders. solid earnings from hasbro. >>> sap shares in the red today in a big way. the german software giant cutting the forecast, customer shifting faster than expected to products using the cloud. let's take a look at the metals markets which are closing now. gold is trading on the upside by a fraction of a percent about $6 on the trading day. in terms of other metals fixed performance with copper to the negative side on today's trading session. >>> the bond market now, rick santelli tracking the action, cme. >> it isn't an aggressive monday. we have had a tight range, 216 to 221 in ten year note yields. the chart you can see we are fit real nice in the upperward part of friday's range. 219 is unchanged and the stock market is close, striking distance on change so relationship is in tact today. let's look for clues as to next moves and see if anything is changing. if we look at august 1 start you can see it is at 1.33. high water mark close to 1.60. 1998 you can see we weren't a

deutsche bank remains among the bullish at 4%. goldman sachs at 3.2%. action economics at 2.8%. this is a follow on from a 4 plus percentage point quarter. retail sales minus 0.3. the core sales unchanged and wholesale prices declining. there is optimism about holiday spending. morgan stanley saying consumer in better shape for the holidays. $129 billion additional in people's pockets this holiday season with 40 billion perhaps on top of that from lower gasoline prices. >> very quickly, on retail sales including gasoline prices, doesn't it? >> that is one piece we expected. what we didn't get was broad based decline in furniture, clothing, things like that. the consumer took a break in september. most economists expect it to come back through the end of the year. >>> oil bouncing back after plunging earlier. i'm sorry? we are thinking we are going to go to jackie. we are not going to do that. brent crude at nearly four year lows. west texas crude close to breaking $80 anbaral. we will follow the slide. art cashin and sue mentioning if west texas crude breaks 80 it could get very

negotiations between deutsche bank and the trade drivers union have broken down.d a 5% pay increase. up next, we are looking at changes atop of the e.t.f. we're going to be live in paris. jean bernard levy looks set to take over as c.e.o. we'll have more on that story. and we're going to take a spin in audi's self-driving concept car. it's fast. note ♪ >> welcome back. we're live on bloomberg tv. we're here in london. i'm guy johnson, and these are the bloomberg top headlines. shares in shimpe slumping today. abbvie is considering scrapping its plan to buy a company after the u.s. treasury department announced changes to tax laws, which effectively make the inversions which abbvie were so interested in less attractive. u.k. unemployment outdraw more forecasts. wage growth picked up a touch. that's the second month running. jobless rates fell from 6.2% to 6%. and a second healthcare worker has tested positive for ebola in texas. the worker was one of the people who took care of thomas eric duncan, who property settlemented away. the worker reported a fever yesterda

deutsche bank posted a loss in the third quarter after setting aside $1.1 billion for litigation expensesccused of rigging interest rates in currency markets and are being investigated for doing business u.s.countries subjected to sanctions. let's count you down to the open with the top 10 headlines hitting our radar before the bell today. matt miller joins me. number 10. we go overseas. yesterday, alibaba muscled ahead of walmart. here is the new king of the corporate world. >> almost. >> i would say a prince. the reason they moved ahead yesterday is that tim cook said they might get married. he could not say enough positive things about jack ma. he loves doing business in partnering with people like that. those two both gained strength. >> it is only a matter of time. there is a target price of $110 by the end of this year. they are in hollywood, they are looking to make deals. good fore is pretty china e-commerce. >> i'm going to say i love jack ma and both of your share prices go up. taco bell is launching a new mobile app. what is really cool about it is you basically can order and p

the bigger question is how financial giants like deutsche bank, do.of two weeks to submit a capital plan and six to nine months to implement it. mentioned, we will get results on this sunday on that stress test. ofmonday, all three these veteran wall street sted in aust inve peer-to-peer lending company. that is monday at 8:00 a.m. eastern. have a great weekend. ♪ is 56 minutes past the hour which means that bloomberg television is on the markets. 30 minutes into the trading day, let's get you caught up on were here stocks are trading. we are seeing straight green on the boards. ebola concerns weighing in on investor sentiment. for its500 is headed biggest rally since the very first week of january 2013. they have posted quarterly profits that beat analyst estimates. we will show you the picture for treasuries, rising yields on the 10 year. will stick with bonds, last week, call it a wake-up call for investors who had gotten used to pretty much these muted christ's lengths as volatility surged to the highest level in more than a year. that volatility

deutsche bank upgrades alcoa.e most analysts have really not distinguished themselves during this period. >> jim, we've got to go. i look at you, someone told me that high-def was not my friend. were we worried about that when we -- i don't care. i think you look fine. you know what i mean? >> that is the nicest thing -- i need that after the eagles lost. taking that to the bank. >> you look likewise, how you look to me, wise, experienced, someone who has been around the block a few times, someone who has seen it all happen in the past and me, too, right? >> handsome. >> nobody like you. >> rugged? >> yeah, just the way it should be. >> i'm embracing this high-def, i don't care what people say. >> huntley/brinkley, that's us. >> do you know who huntley/brinkley are? >> no idea. >> no idea. >> i -- >> starting in your movie or show, whatever you're doing. congratulations on your show, your movie, "fiddler on the roof" i guess you're in that, too. it doesn't get better. >> thank you. >> doesn't get better. >> if you

you go down from the deutsche banks, too big to fail. lloyd's and rbs is a different group. >> there have been bank rescues. they have not hit the headlines because e.c.b. has stepped in. i think the unintended bank failure is the problem and tom's right. something happens too quickly to stop. >> in observing all this it's like all these years and we're still talking about banks yet it's people on main street that are hurting. >> the u.s. cleared the system not perfectly, imperfectly with this litigation. futures, olivia negative 11 and negative 12. >> still a lot to come. next on "surveillance" more students are trying to expand their options why applying to multiple schools. this is "bloomberg surveillance." ♪ >> it is ooh non-volatile view. on this perfect friday morning. it has been a beautiful autumn here so far in new york city. we welcome all of you worldwide to new york city and "bloomberg surveillance." let's get to our single best chart on the pain and agony of tuition. tuition. here's olivia. >> the bottom line tom is students

. >> 70 senior executives at deutsche bank having their first -- >> how much money is that really?t is a joke. you did try. traders investing in stocks and bonds, that is a meaningless leadership move, if you ask me. >> if they were to change the incentive, so few talented people want to be sitting on the sell side this time. if they were to change the -- ersation arrangements >> and go back to when it was a private partnership and there was real capital on the line? there are a lot of people who wanted to work on wall street when it was a series of private art and are ships. now their public companies. they are not going to back to being private partnerships. you can mimic the days of private partnerships. >> except you don't have the upside. >> sure you do. you don't have the upside of going public. hello. so what? >> that is why you go to work at goldman. >> that is not true. that is not true. you want to work at goldman because you can make more money doing that than any other thing you can do without risking your own capital. time to have more of your own skin in the game agai

deutsche bank says budget cuts will be limited because if u.s. trailers and exploration companies will be de-risking their efforts, they will shift their rigs from costlier and more experimental prospects. investorking with an who has bet big on these refiners. he estimates at the break even point for the stock and sha le formation is probably $50 when it comes to wti, but he said it would have to stay there before you see companies shutting off their valves and he does not think that is likely because there is so much for extend costs that oil would really need to stay at that level. it could go down to that level, but it won't necessarily stay there for that long, bet ty. much, scarleto fu, our chief markets correspondent. this hour,shaking tesla motors a ceo elon musk. shares of tesla fell 6% of the close after the "wall street shares" said that declined twice 6%, though that -- declined 26%, but only was u.s. sales. meanwhile, musk is offering new lease terms, a new lease offer will lower monthly payments by up to 25%. musk says this -- unhap

jpmorgan put away a billion dollars, deutsche bank has put citigroup --ion, this is nothing comparedpeit is chump change. we thought the mortgage settlements were going to be huge, $41 billion. but for citigroup and i think the biggest trouble might be the fact that this is the second time this year they have had to restate profits. it is interesting that with citigroup, you can track that to some of the other banks like jpmorgan or bank of america or where it seems like in the third-quarter results they have ready much, as big as those numbers are, finally putting away their legacy. >> it is a shakedown obviously. we all know that. >> they were one of the worst hit. >> twitter naming a new head of product. musical chairs at twitter. look at all of the twitter turnover. >> head of consumer engineering, vp of engineering, what is going on? timeey are having a hard figuring out how to monetize their users. what new products they can bring on to ticket vintage of what .any of us see as a newsfeed >> they need to hire someone from facebook. >> what is interesting is that is the consumer

involving one of america's giant bank combines jpmorgan chase, and they used the beach head at morgon to burrow into the digital vaults of other institutions. among them deutscheangs and bank of america and five others like hs b.c. and citigroup reported they were attacked by the same virtual vandals that penetrated jpmorgan were fiddling with the locks at their place. the size of the breach and ambition is troubling, and this had a national security aspects as tensions over the russian invasion of ukraine rose, officials up to the president watched closely, suspecting a russian hand behind the computer attack. >> reporter: that old saying may tell you cash is king. the crown july -- jewel is plastic, visa, mastercard, american express and discover reported 546 million cards in use. the sensis card said the number tops a billion. how safe is your number, money and personal information. hackers and leaves never sleep. >> it's the result of unrelenting criminal activity, which so far we have not found an effective way to deter. it's too easy for the bad guys to do this and get away with it. >> the data breach is among the biggest, compromising the accounts of 76