james gorman has had the vision erik:.oday is to -- today is the day to celebrate white shoes and white sox? stephanie: you gave james gorman credit partially because his background is a consultant? if you look at firms like deutsche bank, firms that are run by people who come from the fixed income markets who are so wedded to that sales and trading community, maybe they cannot see the forest for the trees and james gorman comes in and says, let's look at this whole picture. mike: you know the adage about consultants is they know how to advise the running of the business but they cannot run a business. i'm not generalizing for all mackenzie consultants. in the case of james gorman, he is gotten right people in place to show the best year-over-year growth in capital markets. they're tied with goldman sachs. they did not dial-up risk from the fourth quarter area the value at risk stayed the same as in the fourth quarter. they are heading on all cylinders and they have more expenses leaving to come best expense savings to com

could be later. >> james gorman appreciate your time. >> thanks. >> james gorman chairman and ceo of you. >> thank you david. coming up when hosting company go daddy looking to clean up its image. we'll talk to ceo three weeks after its big ipo. your mom's got your back. your friends have your back. your dog's definitely got your back. but who's got your back when you need legal help? we do. we're legalzoom, and over the last 10 years, we've helped millions of people protect their families and run their businesses. we have the right people on-hand to answer your questions backed by a trusted network of attorneys. so visit us today for legal help you can count on. legalzoom. legal help is here. >>> today, the fast food stock that could be a tasty pick ahead of earnings. plus we go globe trotting to find the world's most attractive stock market right now. catch it on tradingnation.cnbc.com. le announcer ] your love for trading never stops. so if you get a trade idea about, say organic food stocks schwab can help. with a trading specialist just a tap away. what's on your mind lisa? i'd

here is ceo james gorman on the earnings call. james gorman: we continue to execute against the benchmarks previously established to and will remain focused on them for the duration of 2015. cory: he has been relying more and advising what we clients. well, the fugitive who claims he has been owning half of facebook has been denied his claim of half of phase. whatsapp now has 800 million users. it now has more users than any other messaging app including facebook messenger, but cash not so much. joining us now is the author of the facebook effect. david kirkpatrick joins us. david, i say they don't make any money there is a little bit of revenue from some android products, but i have to believe that there is a secret master strategy to monetize whatsapp and facebook. what do you think? >> i would doubt that there is secret master strategy, i think there is a confidence that it will be highly monetize a ball. -- monetizable. now that whatsapp is carrying phone messaging, they can start charging the way guy does. -- skype does. they

liz: nothing wrong with james gorman getting a raise. charlie: we think he's a great ceo.ing from the financial crisis the last couple of years. no doubt about that. there he is with his lovely wife who i met too. liz: she australian? charlie: no, she's australian like him. one thing going on, i'm not making a criti critique of james because i like him. there is a civil war. a toxic environment that engulfed morgan stanley particularly in the aftermath of him getting that raise. he's making 20 million this year. one of his number two, tom kelleher who runs the institutional side of the business walked away with a 2 million-dollar loyalty bonus. all while the brokers are seeing their comp -- a new comp structure. which is essentially cutting their comp. they are now making less money. or they have to jump through more hurdles to make as much money as they made last year. these are complicated formulas. i won't sit here and describe them to you. there is a formula for broker comp. and they're mad. what we're hearing from major brokers. (?) there could be a major exodus leavi

. >>> profit was up 60% james gorman calling it the firm as strongest quarter in many years. morgan that stanley also becomed you its quarterly dividend. return on equity does exceed double digits that excluding a dba and net discrete tax benefit. looking through the report or at least through the press release about the report equity sales 2.3 billion up from 1.7 billion a year ago reflecting what morgan stanley said is strong performance, advisory revenues as you might effect were up shatterly to 471 million from 336 million one year ago. and wealth management, somewhere so much of this company's future current and future performance is based, had a strong quarter. net interest income in particular 689 million, higher deposit, and loan balances client assets now 803 billion, that's up 11%. overall a strong quarter for morgan stanley, the stock which does appear to be poised for at least a higher open this morning. you can see it there perhaps as much as 2 or so%. you can look through all these press releases all you want even the 10-q. you will never get a full idea of how

it's kind of unusual frankly, to hear a ceo bs bold as james gorman was about his view.y ceos will say the house view and say, my economists say so and so. alistair: to be fair, i don't begin with particularly brave three months ago to say a fed rate hike will be happening this year. i don't agree with our economists a lot of the time either. and the good news is, she married doesn't pay me to agree with them. -- my company doesn't pay me to agree with them. despite all the movements in the data, for the very good reason that none of us can be sure until there is a persuasive argument to come down from somewhere else. and at the moment, i don't think that exists. it could be june or it could be december. there is that much uncertainty about it. clearly they will be a big impact on the emerging markets when this does take lace. -- take place. and a lot could happen between now and then, because clearly inflation pressure is nonexistent. growth in the u.s., low at the moment, but that could be a seasonal thing. we could see a big uptick as business gets going in the northe

who is going to succeed james gorman when he retires?>> could a $2 million bonus means there is a horse race where one horse is raining? charlie gasparino on the jockeying for the top spot at morgan stanley. >>> and check this out, we are tracking live an order we placed with momofuku milk bar. that's our green room live. we have kevin tracking it right now. i don't know where it stands at the moment. it's supposed to be delivered within the hour. it is a fancy pants birthday cake, and we're all going to dig in if it gets here. we're profiling the company post mates that will deliver anything to you any time you wish, 24/7. we have the ceo coming up. ♪ at mfs, we believe in the power of active management. every day, our teams collaborate around the world, to actively uncover, discuss and debate investment opportunities. which leads to better decisions for our clients. it's a uniquely collaborative approach you won't find anywhere else. put our global active management expertise to work for you. mfs. there is no expertise without collabor

but can you comment on the mindset that you see among new executives like james gorman? came out of the merrill lynch r.e.m. which i did. we were together for a time. the key thing for all of us is to wrap it up. wall street, main street and in terms of ethic gathering, that's the theme. think of the cake right? the cake itself is wealth management and fees and assets. the frosting is the institutional business now. what got us in trouble in the 1990's and 2000's is we try to make the cake -- tom: we're all frosting. brian: the opposite way around. and that's a stronger case. tom: but that 22% for gobble wall street down the road on wealth management is extraordinary. we'll come back on the state of wall street and also of course, brian belski on valuations within the equity markets. thanks for julie hyman for that look at morgan stanley. let's and a data check here. equities bonds, currencies and commodity. futures up 11. churning to the two-year yield to get an economic data is to a housing set of data. and nymex is stunning. the ruble is stronger. canadian dollar is st

ceo james gorman has set the bank is committed to selling this business to cut capital and improve theeturns. the bank had a deal in late 2013 to sell the unit but it fell apart because the u.s. bank -- stan druckenmiller is anticipating surprises. and improving chinese economy, rising oil prices and a hands-off approach to interest rates by the fed. he made the prediction in an interview. druckenmiller does not like the look of the greek debt crisis. >> the banks do not own greek debt anymore. draghi has q e. e at his disposal. if there is contagion, he can contain it. i do not get this theory about how greece flushes itself down the toilet and puts itself through misery and everyone else does that to. a more rational response is to go to reform and become more embedded in europe. betty: i thought misery loves company. you can see stephanie ruhle's interview on "market makers." last year, i got a personal tour of one of the storied hotels in new york city. the regency, home of the wall street power breakfast. their im with jonathan tisch. jonathan tisch runs the regency as chairman of

bill: that is what james gorman said.phanie: we will be back. ♪ announcer: live from bloomberg headquarters in new york. this is "market makers," with erik schatzker in stephanie ruhle. stephanie: "market makers" is back. i'm stephanie ruhle. look who's here. bill: bill cohan in for erik schatzker. stephanie: there is still very little inflation in the u.s. economy. the price index that is tied to consumer spending rose 2/10 of a percent last month. if you strip out the volatile food and energy components prices are up 1.3% over the year . those first quarter gdp numbers did not seem to bother the fed. policymakers ended their two-day meeting by leaving open the chance of an interest rate hike for the second half of the year. the economy was at a virtual standstill during the first three months. fed chair janet yellen and her colleagues blamed the slump on what they call transitory factors. my partner erik schatzker spoke to bill gross of janus capital. >> i think it is often june. some would say if we get a strong employ

it is all part of james gorman's shift, his priority shift to move away from fixed income and focus morecan be 22 to 25%. morgan stanley is being rewarded for that fight now in the early cure. i also want to bring up fx high. this tracks chinese stocks and is recouping some of friday's 4% slump. that was sparked by regulators changing margin debt rules china even the sting of that. that chemo before the chinese market opened. one percentage point to 18.5 percent. this is the second reduction this year. a lot of economists see more easing to come. and kuban having its biggest gain in two months. it is selling a controlling stake. ill get 285 million dollars in cash and a pretext gain of 195 million. what will it use the cash for? stock buybacks. if you look at how the stock has done in the past year it has gone nowhere. not a lot of movement for groupon. betty: thank you scarlett. secretary of state john kerry got the spotlight during the iranian talks. the secretary is a nuclear physicist who is now providing a critical role in in selling the steel to congress. he is standing by with our

the investment bank gave its ceo james gorman the biggest pay raise among wall street executive officers. his salary was a 25% to $22.5 million. seems like he deserves it -- don't we all deserve $22.5 million? shares of morgan stanley were up 80% the last three years. what wasn't up 80% the last three years? the market has triple. nice job. brendan: i never know how to talk about these stories. the story crosses the terminal and i only think one thing there is another person who makes a lot more money than i do. alex: the companies as they are not considering this $2.6 billion settlement when they are calculating this day. they are saying look, the shares of more than 20% a year for the past three years. seems like the guy is doing a good job. comparably, it seems like he is the next with some of his contemporaries. matt: keeping up with the index, almost. nice job. at least almost keeping up with the index. we are all his friends -- brendan: no, listen, congratulations. he didn't fall off of a bus. matt: number six is bourbon. it is experiencing open while its scottish rival whiskey, is

awareness day, coming up in health check ali gorman tells us when signs that disorder is spotted in children. and the mysteries surrounding autism. music: etta james "at last" (plays throughout) ♪♪ sometimes, at last doesn't happen at first. ♪♪ ♪♪ your dad just kissed my mom. ♪♪ turning two worlds into one takes love. ♪♪ helping protect that world takes state farm. >>> we have breaking news from burlington city, four people appear to be okay after their scull tipped over, the rescue has taken place and the accident is reported near the unit block of york street just after 4:30 this afternoon the scull flipped over and this rescue operation appears to be successful tonight. >>> in other news investigator found a tablet inside of a home of the copilot, andreas lubitz and that he may have been trying to crash the plane for days, he researched suicide methods as well as cockpit door security measure, the second black box was recovered revealing more about the tragic crash we'll have more coming up on "action news" at 5:30. time for health check now a new study finds no connection between the rising suicide rate and deployment. ali gorman joins us now