monitoring lehman brothers during this time? >> they were on premises. [ticking] okay buddy what's your favorite kind of cheerios? honey nut. but... chocolate is my other favorite... but apple cinnamon is my favorite too... and fruity... oh yeah, and frosted! okay, but...what's you're most favorite of all? hmm... the kind i have with you. me too. well, a mortgage shouldn't be a problem your credit is in pretty good shape. >>pretty good? i know i have a 798 fico score thanks to the tools and help on experian.com. kaboom... well, i just have a few other questions. >>chuck, the only other question you need to ask is, "what else can you do for me?" i'll just take a water... get your credit swagger on. become a member of experian credit tracker and find out your fico score powered by experian. fico scores are used in 90% of credit decisions. in a work, work, work world... take time for sunday. just know that your truck... has a little thing for monday. i've been called a control freak... i like to think of myself as more of a control... enthusiast. mmm, a perf

lehman brothers lehman brothers will sit -- lebron jams is sitting out.e only player more popular than curry with 13,000 more votes in the why up coming nba all-star game. >>> and you heard announcers say you can almost feel the hit through the tv. now you can. >> and being able to feel vibrations when anybody is hit with the board. >> the technology the san jose sharks are using to bring the intensity of the hockey game down to the living room couch. >> and what goes on behind the walls is something a few people know about here in the bay area. coming up, we go above the construction site and get a great view of the project. >> and from exotic to electric, the most anticipated cars at the silicon valley auto show this weekend. . >>> people across -- across the bay area are taking a moment to say thank you to the men and women who protect our communities. one police department is taking a different spin on law enforcement appreciation day. >> take the time to thank our community for their support and appreciation that they have shown us through all time a

this is going to be lehman brothers to the square. no one wants to destroy or to jeopardize the future of the eurozone eurozone g is emerging from a five-year depression. the business community is desperate for improvement. >> one thing i expect from the new government is to leave alone and do my job. >> reporter: she said the government's regulations are punishing. and even worse, they change all the time. >> nobody can foresee, nobody can do a business plan, nobody can budget. and nobody can operate. >> reporter: it's an environment that needs to improve if the country is ever going to recover economical. "nightly business report," athens greece. >> how will the future of europe affect u.s. monetary policy when the federal reserve begins its two-day policy meeting tomorrow? let's find out from a guy who's been there, former president of the dallas federal reserve. bosh welcome back to "nightly business report." how is the weather in dallas? is it good? >> 70 degrees and sunny. >> all right. well you know in new york, it's all about

arguably not a lehman brothers event, but a serious event.h a point i think it just means people get a little bit more nervous. i doubt there would be any major impact on the market. >> srennivasan: all right, john authers of "the financial times" thank you very much. >> thank you. >> sreenivasan: as we mentioned earlier, president obama is in india for talks with prime minister narendra modi. modi was elected last may after promising an ambitious program to modernize that nation's economy. before becoming prime minister, modi led the state of gujarat in western india for more than a decade. recently, special correspondent fred de sam lazaro traveled there to see how that area is faring. fred's reporting is a partnership with the under-told stories project at st. mary's university of minnesota. >> reporter: gujarat was the home of mahatma gandhi. thousands come to pay homage-- the ordinary and the famous. this video is from the youtube channel of india's new leader as he hosted china's president at gandhi's ashram. narendra modi invokes the f

[ticking] >> anton valukas was the man in charge of investigating the collapse of lehman brothers, the

david: larry mcdonald, on the show quite a bit, former vp at lehman brothers, he said that the dollar is going to come down, he's going against the trend. because he said the fed wants it to come down, they would inflation. i don't want inflation, i don't want to see my savings chipped away at by inflation. what gave the fed the right to call for inflation? i thought the middle class was hurting bad enough as it is. >> the fed thinks the dual mandate gives them the right to promote inflation. the issue is there are plusses and minuses to strong dollar. plusses and minuses to weak dollar. i'm in favor of letting the currency do what it needs to do and not have the fed pick winners and losers. there is going to be investment that is going to be predicated on the future of where the dollar is going to go. and i don't want the fed saying -- david: a planned economy is happening from the white house. >> great point. david: they're all trying to plan the economy. i thought we got rid of that in 1990 when we finally got rid of the soviet union. coming up, we're going to tell you about the pr

needs to be addressed because societies are funded in a short term and when rates move up, think lehman brothers lot of money but if you can't get to it quick, if the market is going to penalize you because rates are moving up that has huge implications. let's look at the u.s. versus yesterday on 2s, 5s, 10s, 30s, down three basis points on 2s, down 8, down 9, down 9. this yield curve is flattening but flattening in a different way. it's flattening with all rates going down. how extreme has this been? okay. let's just look at year to date it's the end of january one month. look at settlement on december 31st versus current rates on 2s we are down 19, on 5s down 47, on 10s and 30s down about 50 basis points each. the reason this is different is, because our flattening yield curve is giving us great insights as to what investors think about the fed. what do they think about the fed? not very much is going to happen. because what they are doing is, in essence, the flattening yield curve is pushing buys into the long end. by flattening it when it's going down, it's a whole lot different scenario tha

for example, after the lehman brothers, and so on.rienced probably the fastest growth of dark -- a stark contrast to the mobile financial crisis. we spent some of the fastest growth in those years. because of the under deliver rich nature of the financial -- underdeliverage nature of the financial -- a very fast-growing capital market with the stock exchange with 50 companies that has attracted a lot of foreign investment, especially from new frontier. >> ok. thank you. >> and identified palestine as a market in the index. >> thank you for joining us. good luck with international -- german of the bank of -- chairman of the bank of palestine. >> joining us -- join us on twitter. russians hit by ruble crisis. drops swiss holidays are holidays at home. -- for holidays at home. >> you click on it. communication skills. analytical thinking. ability to work collaboratively. not sure about that for you. strategic thinking. >> that's you. >> we will take a short break. ♪ >> 6:50 a.m. in london. welcome back. we've been talking about luxury. c

i think the last time the shanghai composite dropped this much was during the lehman brothers days. maybe just to recap for our viewers, we had the csr suspending three brokerages from loaning money to clients. brokers should not lend to they try to draw a line in the sand. the csr has defended their actions. they are not trying to hurt equity trading. the investors interpretation of what they did, they are doing investors.tect they want to support the healthy growth of market trading. it goes both ways. turns, it is not exactly fun. >> that is exactly what happened to them when the swiss franc went this way and a bunch of clients lost a lot of money. million dollars. >> they got a lifeline, though, which helps. 60%ier on in this rally, up last year, the already warned of the risks associated with stock investing. do they want to improve how brokers educate their clients? they had a reason to be concerned. the amount of outstanding margin loans used to buy shares on chinese exchanges, 177 billion. as of january 16 this year. last year, it was only at 64 billion. next chart is even m

>> he said normally when we have a great recession that -- like lehman brothers precipitated congressig stimulus plan. you get infrastructure, hiring a lot of things. we did not get that this time, leaving the fed the only game in town. he said ultimately they had to do something, but he would have stopped at 1%. he would not have gone down to effectively zero. for two reasons -- first, you are penalizing savers. the united states has effectively a zero savings rate. if you give some incentives to states, you will get more savings. he said the big impact has been in the real economy is expressed by corporate executives. so normally when you start to see the economy pickup, you cpap ask -- you see spending. buybacks was the better investment when rates were low. you should see more hiring by corporations. instead, according to bill, we see an increase in dividends. >> ok, i want to continue this conversation with bill gross. >> fascinating guy. >> david kelly, the chief global strategist, and jpmorgan funds joining the conversation. let's get your take. you have been listening on what

pre-lehman brothers the yen was around $1.20 and no one was talking about how weak it was. >> what isour manufacturing plant looking like? a lot of manufacturers new to the game from overseas getting into production over here. tell you the producing -- toyota producing arrear for decades and decades. >> we are exporting to over 40 different countries. just about every model made in the u.s. is now x ported somewhere else. obviously the production capacity is right around 2 million. as we see the market continuing to improve long term, we have to make new -- with to make decisions about whether to we bring in more products from around the world or expand in north america. >> volkswagen that in her heels in terms of total production numbers. seems to be very important to them. how important to you to maintain the crown of the world's biggest car producer? >> it is not. it is a benchmark i guess. away for you to measure how well customers are accepting of the product. but in the end, the number will be what it is. >> i imagine there are benefits that come with scale but also drawbacks fo

this one was lehman brothers. [laughter] .. >> it was agreed to not move forward. so all of a sudden i understood that one the company was actually serious about this, and it gave this particular engineer sort of a moral question to ask to help guide his or her -- in this case a guy -- his actions. >> yeah. no, i mean there's so many amazing don't be evil stories. my favorite was not kind of ars culture meeting, we were going through brainstorming, they'd pulled a bunch of old-timers. don't be evil, and i think it was, like, number six, and someone said is, well, you can't have a negative corporate value. can you reframe it positively? we were like -- >> only -- >> -- you could. we were like, yeah, do good, it's not as catchy as don't be evil. >> well, we had other ones like you can have fun without wearing a suit. >> yeah. [laughter] >> and the first one was focus on -- >> the user. >> focus on the user. and i think one of the things that helped, and it's worked -- and we talk a lot about this in the book -- is that when you have a framing principle like that, it

when the crisis ensued, we had a large book of derivatives with lehman brothers. what happened? we rewrote those derivatives. it cost us less than $20 million. that is one day's profit at metlife. >> would you be willing in the negotiation with the fsoc to give anything up in order to avoid the designation? >> i don't think that is the question. the question under dodd-frank is if you do not think you are significant, you have the right to appeal. we are taking the right and the path given to us saying we think they got it wrong. >> let's say it you lose. for those who want to invest in metlife, what is your business going to look like? >> what is it going to cost you? >> before i took action in metlife, what is your business going to look like? >> as a regulator, i looked at the impact upon the company being regulated. fsoc does not know the impact because the fed has not yet written the rules. i think it makes more sense to wait for the rules to be written. i cannot answer in terms of what does it mean to us because the rules are not yet written. >> surely you can ballpark the

didn't quite realize what he would go through with the career he had, having been associated with lehman brothers. and i think there was bad blood from the lack of endorsement. and in particular onromann romney remember hd that and it's hard to state the outlook on romney's political rear as a driving force in his decision making. here's jeb bush. he said mitt is a patriot and join many in hoping his days of serving our nation and our party are not over. another reaction here from another republican candidate is scott walker. the governor of wisconsin. he said on twitter yesterday, had a great conversation with mitt romney. he's a good man. thanked him for his interest in opening the door for a fresh leader in america. mitt romney had dinner with chris christie. katie, you know romney very well. you worked on his campaign. the role he's going to play going forward in the nominating process. and where do you think mitt romney ends up when he looks at the field? who does he like in the field, you think? >> i would expect mitt will be focused on building the party and very focused on defeating hilla

lehman brothers' failure was the spark for the 2008. n't see how it's possible or desirable to get every institution to the size of lehman. so i prefer tough regulation and some measures that restrict some of what they do which has the effect of reducing higher capital standards has the affect of probably constraining their growth and maybe reducing them. but i don't know how -- i don't know what size you would say was desirable, who would decide that and how you would get there. >> hey, larrer rick, goldman sacks just this week called for the breakup of jpmorgan chase, saying it is the old -- the parts are worth more than the sum at this point. interestingly, you think it would be the free market that will break up the big panks as valuations become clearer? >> it could be. that was a very interesting same they made. i agree with barney, if you bra he can them up who is going to break them up? ultimately, i don't want the government to make that decision. i want the private sector markets to make that decision. whether it ever gets made

it's all about having too much leverage just like lehman brothers does.hange markets operating fantastically today it's just people got overlevered. >> including a lot of retail investors. glenn stevens, our thanks to you, ceo of gain capital. catch brian kelly at "fast money" on 5:00. they will be talking to jens nordvig. you won't want to miss that. coming up, oil rallying above $48 a barrel. our next guest says now is the time to cash in on crude. he's calling for $80 oil by the end of the year. that's next. then investors running into bonds this year. is the bond boom back? that's coming up later on "the closing bell." you're watching cnbc, first in business worldwide. >>> the wild moves in the stock market this week have been nothing compared to the roller coaster ride in oil. jackie deangelis at the nymex wrapping up the week for us. >> good afternoon to you. i was bitter about missing yesterday. i'll tell you what happened after i tell you how we finished the week. a 5.3% bump up stemming seven weeks of losses for crude but only up less than 1% on

it gives authority to the federal reserve and other regulators to actually, bear stearns and lehman brothers, nobody at the time new who had the authority to work the businesses out. it is now clear. it created the soup -- the consumer finance protection bureau, a terrific organization out there making sure toxic mortgages never gets old to young families again. it brought this incredibly large and complicated derivatives market into a regulated environment. those are monumental and positive achievements and will make for a safer financial services market. now again, where i disagree with rodney here is, like every other form of regulation, you name it whether we're talking about speed limits or whether you wear your seatbelts, or the air quality or the water quality you find a balance which protects the american public, but which allows this is to grow and innovate and in this case provide credit to folks who want to buys -- by their houses, and finding that balance will not happen if we say we will not engage in a debate about exactly how we regulate the derivatives market. we need to enga

was -- did you read the piece over the weekend that suggested, someone was saying this would be lehman brothers squared for the greeks. >> if he's on he's on. i like the equation that he sent us because he had the term -- i was going to talk about the markets and use some of his concerns. because what went from all these positive things if you look more closely at what a lot of these things mean like the drop in oil prices you look at what that means when you take and connect all the dots or look at what's happening in china, driving by the huge ghost towers and stadiums where no one plays, it's a lot to worry about in the year. >> going from positivity to negativity. we are just starting. >> the beginning of the year don't we get to do that? now we are wondering, what will 2015 bring? because it's weird because it's arbitrary to just put a cutting point on 2014. >> you have to measure it from somewhere. >> given what's happening with the euro below $1.20, oil breaking under $50. >> nine-year low for the euro. i mean things that make you start to wonder and reassessing value. >> and the oil pri

it gives authority to the federal reserve and other regulators to actually, bear stearns and lehman brothersdy at the time new who had the authority to work the businesses out. it is now clear. it created the soup -- the consumer finance protection bureau, a terrific organization out there making sure toxic mortgages never gets old to young families again. it brought this incredibly large and complicated derivatives market into a regulated environment. those are monumental and positive achievements and will make for a safer financial services market. now again, where i disagree with rodney here is, like every other form of regulation, you name it whether we're talking about speed limits or whether you wear your seatbelts, or the air quality or the water quality you find a balance which protects the american public, but which allows this is to grow and innovate and in this case provide credit to folks who want to buys -- by their houses, and finding that balance will not happen if we say we will not engage in a debate about exactly how we regulate the derivatives market. we need to engage in

. >> didn't jeb work for lehman brothers. >> barclays. >> and he has a long list of things he does as well. >> i think they cancel each other out in some ways. i don't know. >> i think to willie's point, if you are chris christie or anybody -- scott walker or anybody else you look at these two guy, both of whom do have a lot of donors who like them do have a lot of establishment figures who like them, but you look at the way that the dynamics of the party are right now and if you're a chris christie or again, scott walker bobby jindal anybody else, either within of these guys is a prohibitive front-runner, wow, that clears the field. there's still obviously a lot of republicans who are going to be looking for someone who represents something new. >> i want to bring julie pace in. i'm just wondering though, also, with hillary clinton you have the reactions that we have been sort of weighing here over the past few months to mitt romney jeb bush hillary clinton, and everyone's kind of getting tired of them or thinking the book rollout didn't work out well. i feel like when these people c