we will get insight from hank greenberg. and also phil miller joins in on whether the stock market is a buy. the vti crude is still near $30 a barrel. we will tell you why some analysts are forecasting a 50% rise by the end of the year. we get inventories out in about half an hour. yahoo! ceo marissa mayer unveiling another turnaround plan, this one involving job cuts and the possible sale of the company -- of the company. a closer look. let's head straight to the markets desk where julie hyman has breaking economic numbers for us on the services side of this economy. the non-isn manufacturing index for january. julie: the nonmanufacturing index coming out at 53.5, worse than the 55.1 economists had been estimated. we saw a revision higher in december to 55.8. this number is an important one. the largest part of the u.s. economy. we have seen stocks turn lower in the past -- i should say in the first 30 minutes of the session we have seen it give up gains. it is the fourth consecutive month we have seen manufacturing decline

that is something hank greenberg address and he was more aggressive about that,, sonali. hank: it seems to me that aig should be contesting the designation. they are half the size that they were. why are they being held to a size that no longer at? betty: is that a real possibility, really something they could do? sonali: something metlife is doing right now, not only did they say they are contesting the government, they also announced a plan to separate the business the00 field for -- separate business of 240 going dollars worth of assets. ge is shutting its business, too. aig has always said we don't know what the capital rules all. regulated by any state anyways. -- and byeign company foreign countries so it is not a big difference with the system. betty: does aig have anything to say about carl icahn's comments? sonali: they posted new materials supporting the current plan. the chairman supported the current plan again. we will see how this plays out. the main reason we think icahn is doing this is that next friday he has to enhance his slate of her actors and we will

hank greenberg says the markets don't make any sense to him right now and it feels like they are rollinge former chairman and ceo of aig. are about an hour away from the close of trade and it has been a wild day so far. the bulls have the markets.

hank greenberg says the markets don't make any sense to him right now and it feels like they are rolling the dice. the former chairman and ceo of aig. are about an hour away from the close of trade and it has been a wild day so far. the bulls have the markets. >> this is where we stand with about an hour to go left in trading. the dow is up by 1.1% but it had been down by as much as 195 points. take a look at the dow intraday right now. you can see the volatility that has been happening over the course of today. we fell down 195 points. only toed the flat line rise right now. oil has been rising in tandem. more than 500 million barrels. you would think that oil would be falling. this is really puzzling. there is also talked that there might be some currency impacts that are affecting crude right now. this is down the most in seven years against other major currencies. new data showed the service industries. betty: indeed, the service is so big in our economy. the nasdaq is the laggard here among the averages. part of ato do in cutting thehey are pc estimates for all of 2016. they said th

and then i resigned, and hank greenberg was about to buy the franchise in california, and the conditions of the purchase or so difficult that he backed out of it. so i was out of a job. and in 1960 i went looking for a job. and i was offered three jobs. one was to broadcast the redskins in cincinnati. i was also offered a job to be a sportscaster on seven and 11 years, or whatever time it would come on, i also offered a job to work the white sox games. and that was on radio with bob ellison. speaker you took the white sox job. >> yes. "the tim mccarver show" you can went to the winter meetings, broadcast job while jean, the rafter, went to the winter meetings trying to sell the broadcasting rights and ended up buying the club. >> that's right. that was the whole thing. expansion. and of course, i met him all the time playing golf. in burbank. and he was a real baseball fan. and there so many great stories about him. "the tim mccarver show" before we start your mets career back in 1962 where you work for 16 years, let's rewind your life, if we could. two before the war. growing up in sant

we will get insight from hank greenberg.r the stock market is a buy. the vti crude is still near $30 a barrel. we will tell you why some analysts are forecasting a 50% rise by the end of the year. we get inventories out in about half an hour. yahoo! ceo marissa mayer unveiling another turnaround plan, this one involving job cuts and the possible sale of the company -- of the company. a closer look.

from deutsche bank ceo saying, we are really good, rocksolid, we heard that from hank greenberg two days kicked, so how bad are the banks in terms of their own balance sheets? david stockman: it is hard to know because they don't disclose. i know deutsche bank has a 2 trillion balance sheet and they have tangible equity of 66 billion, so that is 3%. they are leveraged 30 to one in terms of tangible equity. let's world around in the 2 trillion, nobody knows, but i did inc. the banks have unloaded the worst of their stuff and it is in mutual funds, etf's, non-bank and financial institutions like all these companies that have come up overnight to make auto loans by selling junk bonds. assetsie: so these bad that the banks had on their books, they are elsewhere and they are now in the hands of mutual funds, mom-and-pop. david stockman: those are worse, run is moref the dangerous than banks. back then, main street banks did not have to market most of their assets and there was never a run on mainstream banks but just at the wall street hedge funds posing as banks that should have been liquida