what do they expect from greg smith? lots of media.ernally inside goldman sachs they are telling me we get no comments from these two but they are telling me he is doing anderson cooper and a big 60 minutes profile. [talking over each other] charlie: he will make it the first week. the question is how much more do he have? he has no fact checking. he has not come back and said the response to x why is the which is interesting. [talking over each other] charlie: describe a corporate culture and have specific anecdotes' you should really go back and check those with the people you are writing about which makes me tank if this is much more of greg smith's meandering about what is wrong with goldman, goldman is worried about a bad time for them. it is a good time for them. stock is starting to improve, will lead is out there stating his case. jamie dimon getting in trouble and he is much more comfortable with questions right now. and he is much more comfortable. i have met the guy. [talking over each other] charlie: so much different from

you know the name greg smith maybe? we've talked about him a lot.f you don't, he was the guy who wrote that infamous op-ed in "the new york times" on goldman sachs saying i quit because i couldn't deal with it anymore. >> crummy culture. liz: okay. now the former disgruntled employee getting ready to publish a tell-all book? i'm shocked. >> you knew that. what are you talking about? i think he got a, what, $1.5 million advance for this thing? he wrote it fairly quickly, right? the op-ed which got the book deal, i believe, came out in march, right? he cranked it out. he's right on schedule. it's interesting, he's going to come out with this book a week after goldman announces third quarter earnings on the 16th, this is what i hear. and here's what we know from inside goldman zacks because there's something interesting going on. roy blank fine has been on a charm initiative. he's been making the public rounds in sort of managed settings. clearly, what goldman's doing right now is trying to refurbish the firm's image coming off a couple tough years, ma

that right there when i was discussed voices of future russia my question to you familiar with greg smith resignation letter to the new york times from goldman sachs in the letter he briefly describes the money is more important than clients in the bank business and do you think that that's the case with capitalism in american other parts of the world people put money ahead of the consumer i'm sorry this is a case of the failed model of the investment banking because if they wanted more money i would think you're very close so. i think it's to move on i think we need to move away about from a dozen banks i agree i mean that's just one element the discussion we should be having is how do we should we shape. capitalism to fulfill the needs of a constraint planet not an environmental discussion where the greatest proportion of the population are going to be living in the asian pacific my argument is the current month of externalizing cost and pricing things down will not deliver on that prosperity which we want to share it's not about c.s.r. it's not about investment banks it's a much wider

market watcher greg smith says this to be a case of them returning the favor.fit with mitt he has the power to prove it. >> well, sure the one thing that makes sense is another round of quantitative is not going to make use of two rounds. >> remind folks comes into the market doing the evening stuff buys any note treasury paper gets behind scarfs it up tries to keep rates low. they love it generally and expect it again. >> that's exactly right, neil. what happens is mr. bern neighboring key's own words it forces investors to go into the marketplace. you will see a pop in the stock market. most people don't realize the stock market is not the economy. but they look at the stock market if it's doing well my 401 k is doing well. mr. obama must be doing a great job. it's the only thing that makes sense now, neil. as you said fox business did a great job reporting on this. mr. romney is not going to have mr. bern neighboring key ser-- e serve another term. mr. bernanke has two reasons to do this to ghetto bam marie elected number two to get him a new job. we don't h

greg smith accused the firm of routinely ripping off clients. goldman said there is no substance to high school his assertions and that book will be out in about a month and of course lots of questions about should question focus on this, should we not. so -- >> for as much as he looked like blankfein, you would think blankfein would have seen hip and said, you know it this guy looks like me. i'm going to bring him up through the ranks faster. never happened, hoe. mayor blook bufl, sugary drink crackdown will go to it a vote today. i know you can buy two of them, but just can't get it all in one container. a board of health meeting starts at 10:00. this will solve a lot of our problems, really. the proposal would bar sales of sugar heavy drinks in more than 16 ounce cups in restaurants, movie theaters and some other settings. and we've talked to some people that have businesses in new york. they don't know whether they can do coffee or tea, they don't know what applies, what doesn't. but just nice to see the nanny state alive and well in the big

greg. i want to thank them very much for coming. >> mark smith murdered his girlfriend jenny crompton when8 years old. through the program he was first confronted by his victim's mother and stepfather several years earlier. >> i was a mess. jenny had been gone eight years and i was still barely functioning. and i was full of anger and i was full of pain. and my other children were suffering. >> i had numerous recurring dreams, kind of nightmares that i had a lot of anger. and i wanted to definitely take it out on him. >> the meeting lasted five hours. >> we brought with us, do you remember, some pictures of you guys when you were dating and then i also had this photograph of jenny that -- on the emergency room table. i remember we kind of pulled out the nice pictures and mark was smiling and kind of talking about them and then pulled out this other picture. and i know that mark, you didn't want to look at it. and i was so angry, i just wanted to keep shoving it in front of your face. >> i found her. i was the one police took and shoved into a cell for several hours. i let mark know about t

smith and two other individuals were all murdered. stephen worked tirelessly to help the libyan people against qadhafi. now libyans are worried about the violence spreading elsewhere. we have greg live with more. reporter: we are getting more information about the tragic event as the day goes on. along with the libya ambassador, chris stephens and sean smith, two other americans killed. their identities are yet to be made public. believed to be a security issue, they were killed at or around the u.s. consulate in the eastern part of libya. it was a tumultuous event in libya. we have run into a lot in this region, according to the secretary, secretary clinton, he was committed to american values and interests. it is believed by islamists and others, it started off as a protest. it got a lot of traction in the internet throughout the region. then things got very violent. he was hit by machine-gun fire, it is believed the ambassador was killed and others were killed as they were fleeing in a vehicle. libyan officials today saying that they would apologize. one has strong allegiance with al qaeda. we are active in this turbulent post- qadhafi area. this is helping the investigation

. >>> morgan stanley and smith barney and being renamed morgan stanley wealth management. mary thompson sat down for an exclusive interview with gregng on the company's launch of its new ad campaign. >> this is the largest ever integration of two brokerages and it's been ripe with complaints. in an exclusive interview, fleming acknowledges the problems, but remains confident he can keep key brokers in the fold. i've spoken to a number of people and there were a lot of complaints about this integration in large part because of the problems associated with the new technology that was introduced. are those problems behind you right now? >> so takes new car. it doesn't have a lot of the bells and whistles that it needs. there are things like the longer statement, things that haven't worked as quickly as they need to for clients and for financial advisers. we're very aware of that and we're very focused now on making sure that we add all of those features back to this new car and not all of it will happen in the first month or three months, but over time will add more and are more of these features so that it has the functionality that

greg, thank you. we're getting more information on the americans murdered at the consulate in benghazi. aside from ambassador christopher stevens and sean smith, a foreign service information officer, we've learned the identity of the third of the four americans killed in the embassy attack in libya. according to "the boston globe." glen doherty was a former navy seal his sister said. he was working for private security company and had been working security detail protecting the ambassador. record he hadly he spent seven years in the navy where he served in iraq and afghanistan. glen doherty was 42 years old. jenna: u.s. beefing up military presence off the libyan coast, ordering two destroyers into the region. the uss mcfall is set to arrive within days. both ships are armed with tomahawk cruise missiles that can be fired at targets on land. the navy is calling this a precautionary step. the ships are not operating under a specific mission but we're keeping an eye on that. we're learning more about the groups that may or may not have been behind those attacks across the middle east. in libya fox news confirming that u.s. intelligence is focu

smith barney becomes morgan stanley wealth management. in an exclusive interview with mary thompson -- oh, no, you had an exclusive interview with greg fleming. talked about the new campaign. welcome. nice to see you this morning. >> thank you. >> we had you on earlier talking about sports. >> we did. so now i'm back to talk about business. >> you can do it all. >> you can me, i'll go cover a hurricane, too. politics is still -- i wouldn't -- >> i don't really understand that. you're at a business channel for god sakes. >> let's talk business. after a three year effort, greg fleming who runs morgan stanley's wealth management group says the campaign, ad campaign, is to show clients and brokerses that they are all part of the same team. it's a team fleming wants playing on the same field as soon as poblg. morgan stanley has until june of 2015 to buy the 35% of the brokerage it doesn't already own from citi. it's unlikely to wait that long. what advantage would it be for you if you were able to acquire the remainder of it sooner? >> i think the time frame that james is focused on is sooner than 2015. maybe next year. the issue for us on someth

smith barney name from its retail brokerage. as seen in the full page spread of the "wall street journal." our mary thompson sat down with gregns retail and high-end, all wealth management. mary, you had a lot on the agenda, didn't you? >> that's right. we also took the time to speak to him about facebook. of course, it was a high-profile ipo and his troops were on the front lines during that public offering with morgan stanley as the lead underwriter with 17,000 brokers flemming manages dealing directly with the disappointed investors. fleming dealing with the frustrated brokers. he said the consistent ipo was far from a high point for the firm. talking about execution, you know, the facebook debacle for lack of a better term, i guess -- >> we would give you a different term. >> how much did that hurt you? how much did your clients say, whoa, this was not handled well, we are not sure that we want to, you know, give you more money at this point until we're sure that everything is handled correctly? >> well, again, the relationship -- i talked to a number of clients on that. if a client steps into an ipo at one price, then th