morgan stanley ceo james gorman facing scrutiny today at his shareholder meeting. and one week from today is the big one. that huge vote that potentially could separate for jamie dimon the chairman and ceo-ship there at jpmorgan chase. >> and what the bank is doing leading up to that too. >>> and the white house battling scandal politics. eric holder ordering an investigation into whether criminal activity took place at the irs. there's also the scandals involving benghazi and seizing phone records of reporters, namely the associated press. it seems the list goes on. but if all of this is consuming washington, is there any oxygen left for things like tax reform and immigration legislation? is that good or bad for business? a live report on all of that from washington. >> feels like election year. >>> here's how we stand. it was off to the races from the get-go this morning. we've hovered near these highs of the day for much of the afternoon. dow was up a hundred points a to the high of the day. up 83 right now at 15,178. the nasdaq is trading higher, even though, i

gorman say they are targeting a return on equity of trouble spo f.i.c. business is a long-term work in progress. kidder, the director, added that the bank is looking to scale this business to its customers' needs, not to the size of rivals like jpmorgan. other highlights from the meeting, all director are with his reelected by a high margin, all the proposals passed. there were no shareholder proposals. gorman also talked about the regulatory environment, saying that any higher capital requirements would inhibit the economy, because it would inhibit lending. he said that regulators should fin working on dodd frank before they start adding new capital rules. he ended with a note -- or didn't end with a note, but also talked about the pending completion of the acquisition of the rest of the wealth management business, which the fed has approved. he says ones the final process has been done, he goes, it will be a significant event for morgan stanley. back to you, sue. >> we have breaking news now. steve liesman's got it for us. what's up, steve? >> thanks v

little church that we'll try to reuse better took of the buildings that were saved from demolition, gorman said the developer who wanted to tear that down offered them what would be $420,000 today and if you gave him a dem ligs permit and he said, well, you can see we're not supporting it, but yet grouped -- our neighborhood didn't have groups that would take money. so i'll come back another time with more of this information. >> thank you. >> is there any addition until public comment? >> okay. public comments are closed. commissioner hes, it will place you under your regular calendar and that's previously announced and we'll take item number 8. 2009, point 885, 2009, point 886 for the california pacific medical center. long range development plan project. which consists of items 8 a, b, c, d, e, f, g, hi, j, k, l, m and n. to adopt findings under the california environmental quality act request for general plan amendments for the saint like campus and for the cathedral hill and minding a minding with consistence with 101.1 request for planning code text an amendments and map amendments f

>> reporter: something especially palpable in this mom from keller, texas, named brenda gorman.nda and her husband, gary, already had one adopted child, eliana, when they decided to add to the nest. through an international adoption agency, they got matched with a 4-year-old orphan girl from the congo named zia. everything was all set until a few months ago when zia was diagnosed with a rare and very grave heart condition. bad news from the agency came with a question. >> do you still want her? and i was silent for the longest time, and i felt like i was going to throw up. i said, are you kidding me? she's our baby. she's our baby. she was our baby the moment we looked at her. >> reporter: last month, they arrived in the states and went straight to children's medical center in dallas, where doctors got their first look inside the little girl. that's a heart? >> mm-hm. >> reporter: that's a human heart? >> well, that's her heart. >> reporter: neither of those big bumps at the bottom are supposed to be there. >> they said they had never seen it before. >> reporter: the next few we

gorman has promised a turned around. the business is still struggling.ure gorman's compensation. they're divided on whether shareholders should afrof the pay plan at goldman sachs. as far as stocks are concerned, goldman is down a percent in frankfurt. morgan straply st flat. marty, thanks so much indeed for coming. what do you think they should do in terms of compensation and performance? is the balance wrong? >> well, as you look at it, there's been a severe shock to the system that some of these banks had to absorb. if you look at jpmorgan and wells fargo, they've come out the other side. we've had others, still having to regenerate their earnings in relation to where they were prior to this crisis. morgan stanley, if they're looking at consolidating, these are things that will eventually improve their returns and they'll be able to reduce their cost of equity and that's how they're going to continue to recreate shareholder value here. >> so when you look at the price of the stock, what are you recommending? >> we're wanting to see more progress on th

we looked upon gorman as a man who walked with god and his course was a demonstration of the existence of a personal god and that of the people that know him of the divide eminence and complete dependence of all the universe on him as the creator and father of whom we live. his reaction in the universe is a manifestation of his presence. man is revealed as his son. browser a common fatherhood be embraced the common brotherhood. the conclusions that follow were logical and inescapable. it set man often a separate kingdom from all other creatures in the universe and makes them a true son of god. this is a warrant for man's freedom with a demonstration of his quality it does not assume all are equal in degree but in kind. without precept rest a foundation for democracy that cannot be shaken. this is a theme coolidge would return to over and over again draw his presidency in career before our purposes garmin taught as save religious base for a republican governor reasoning as we have a common father could -- father in god the father only a republican government is possible that man should

lisa masterson and nancy gorman. you have a long family history of cancer.s gene mutation and elected to have your uterus, ovaries and double mastectomy done and must have been an unbearable choice. >> it was, indeed, a really hard choice to make. those are what defines us as women in many ways. our breasts and our ovaries. my risk of cancer up to 87% of breast cancer and 67% of ovarian cancer and i didn't want to live with that fear or burden over my shoulder and made the choices to have the surgeries and i've never turned become and i have two young girls and i'm able to tell them that mommy's going to be around for a very long time. >> which is, i know, something that miss jolie was also talking about. her mother died young of this. and dr. lisa, though, when you read angelina jolie's op-ed, it says more people should be tested and more insurance companies should pay for it. she said it cost up to $3,000 for a test for the gene and then in a situation like anna or angelina and the chances 87%, the choice might be -- i don't want to say simple because it's

tom gorman of dorsey and whitney says the lack of privacy is the price we pay for living in the digitals if you're paying for technology you should expect to have some privacy. they are former s.e.c. attorneys who used the bloomberg terminal when they worked for the agency. good to see you, gentlemen. thanks for joining us. tom, in the wake of the bloomberg breach you say we shouldn't expect to have any privacy in this digital age? >> no. i think that we -- i think that when you -- in the digital age that you lose som privacy. think about it in simple terms. you take a walk up the street. people see you. you don't have an expectation of privacy that nobody's going to see you. that opportunity medoesn't mean where you're going, what you think, what your plans are. here the question goes deeper. you sign on to the internet. you lose some privacy. no doubt about it. that's the price you pay for the digital age. but that doesn't mean that when you contract with a service, that they have the right to take what you think, what you do, where you're going and pass it out. that's what's happenin

reporter: something especially palpable in this mom from keller, texas, named brenda gorman.o add to the nest. through an international adoption agency, they got matched with a four-year-old orphan girl from the congo named zia. everything was all set until a few months ago when zia was diagnosed with a rare and very grave heart condition. bad news from... that news from the agency came with a question. >> do you still want her? and i was silent for the longest time. i felt like i was going to throw up. i said, are you kidding me? she's our baby. she's our baby. she was our baby the moment we looked at her. >> reporter: last month they arrived in the states and went straight to children's medical center in dallas where doctors got their first look inside the little girl. >> that's a heart? that's a human heart. >> well, that's her heart. reporter: neither of those big bumps at the bottom are supposed to be there. >> they said they had never seen it before. >> reporter: the next few weeks were full of pokes and products and all kinds of procedures. most kids would have been tr

gorman did take questions.ome commodities and currencies business which has struggled lately calling it a work in progress and one that is undergoing what he classified as a long-term turnaround. >> as you mentioned, david, i'm joined by mike mayo. thanks for joining us. you had the chance to add the lead director bob kidder about how they were approaching return on equity. did you hear what you wanted to hear from him? >> first, i was very encouraged and this was the first annual meeting that i know of among the banks where you had not only the chairman and ceo talk, but you also had the lead director bob kidder speak and the head of the governance and management committee erskine bowles. fantastic. three directors speaking at the annual meeting. >> the new main information is that the company says they'll have a 10% roe by 2014. that might have been implicit before, but now it's explicit. so now we can come back to next year's annual meeting and say if you're not getting that roe, why not? you can hold them m

he was ceo of morgan stanley or might be chairman at the time he officially passed it off to james gorman. brought general petraeus to talk to the troops. would give them rousing explanation of what it is like to be in battle. he talked from what i understand, the capital markets, what it means to raise money in the capital markets. how important it is for the country to have vibrant capital markets businesses turn to basically expand and get capital. he really impressed people there. from what we understand right now the transition that general petraeus is trying to make now as a private citizen is in wall street but what we are told that the fox business network that several major financial firms are talking to him. one firm he is in advance talks with. it is kkr, the private equity firm. we are told he is close to hen very kravitz. that is where john mack is right now. these are described to us as advanced negotiations. they could fall apart. this guy is a wanted man. a lot of people like his knowledge. he knows everybody across the globe. brilliant general. -plori: give him that money