want to buy shares before the ride becomes public question mark morgan stanley offering that chance to the top clients. the stock comes with a warning. uber will want to avoid the fate of twitter and gopro. shares hitting fresh lows today. is it a over for the companies? a look on the trade for the nasdaq having its best day in four months. energy, health care, and of course tech is leading the rally. ♪ betty: good afternoon. welcome back. time for a quick check of the markets before we get to our bloomberg is this flash. -- markets right now bloomberg business flash. the markets right now up over 300 points right now. energy, oil prices also closing at pretty much the high of the session. -- andces and the sox energy stocks, the s&p is also gaining ground and the s&p is at the high of the session. we are just about 45 minutes away from the closing bell. at some of the biggest business stories in the news right now. firstng to export the liquefied national gash -- natural gas a delay from its preview -- previous estimate. recently discovered instrumentation issues will take a few weeks

will that work out well for morgan stanley western mark all: i think it will.ob bringing in the wealth management. we think the wealth management working out. the risingissue is cost, regulatory cost. witha three or 25% range positives hilton footprint this is not much better than been giving out for. betty: i want to turn to bank of america. i'm looking at some of the numbers. credit losses increased. that had to do with some write-offs on energy. they could be building up reserves for their energy investments. you think that's going to become a bigger headwind as we see oil prices tumble? paul: i do not cover bank of america. think it's going to be an issue. mostly for the money center banks and a smaller regional banks in the south. before the financial crisis, there was an understanding of what a bank was, bigger and bigger. there was confusion about what a bank is supposed to be. have we moved past that? two sets of thanks. it's more complicated to analyze and put into a box. we have the best loan growth since 2007. now we are ahead of. the fundamental bus

markings putting kids at a risk for overdose. >> amy: as oil gets cheaper, analysts predict that business also suffer. morgan stanley warns if the chinese currency keeps going down in value, oil prices could go as low as $20 a barrel. some could be so cheap that some companies may struggle to stay afloat. >> amy: a proposed project said to include six new themes taking guests to classic american time periods. no other concrete details released. we have a renderings. it could include roller coasters and maybe even water rided. no word on when construction will begin. we'll keep you posted on fun spots future plans. >> john: if you live near one of the great lakes, you probably don't want to walk park too close to the water. an entire car frozen in snow and ice. it turned into an ice sculpture. it was hit by rain, snow, and the freezing temperatures. no word on how long it'll take the owner to melt the ice and get the car up and running again. probably a while. it's not going to get real warm up there until june. >> amy: and there's a big old sheet of ice there. >> john: i was at a race with people from the lake erie

his morgan stanley seeing a delay to central-bank action western mark --?is a lot of gloom out there. one positive thing we can see developing, if that is not want to hike again until june this year. the rate market has been pricing down that passive hike. if we saw the fed come out and articulate that more explicitly, that is something that could be positive. francine: will be able to be the risk of deflation? >> it's already running close to 2% in the u.s. in the eurozone, it's bottomed. in japan, it's been taking up. that's not the major risk we face. tom: this is been great. thank you so much. we have another hour coming up. tom: let's talk about it. the london school of economics will be with us. it's lovely that he has his gap. adam pozen will join us. stay with us. ♪ we live in a pick and choose world. choose, choose, choose. but at bedtime? ...why settle for this? enter sleep number, and the lowest prices of the season. sleepiq technology tells you how well you slept and what adjustments you can make. you like the bed soft. he's more hardcore. so yo

mark down in estimates for the fourth quarter. q4 down 0.2%. the range 0.1% to 2.3%. morgan stanley was 0.1% growth. it's the fourth markdown in a row. 22 data points go into the rapid update. 8 have been negative and just one to the upside. we started the quarter with a 2.5% estimate from economists. so more than a percentage point of growth has evaporated. the opposite though happening with jobs. three-month average now 284,000. that's up from 218,000. we got a big number today, 292. october, november revisions to the upside. unemployment rate unchanged at 5%. labor force participation ticking up a bit but no wage growth to speak of unchanged. are the jobs number wrong? is the growth number wrong? how should investors figure it out? jpmorgan says when confronted with such a sharp divergence between the labor market and gdp data we tend to see the labor market data as more informative for future developments. two fed officials have now spoken since the jobs report came out this morning. both say the fed is on track to hike rates four times if the data cooperate. john williams says that's consistent

benched mark the price of oil around $38 a barrel but if we are looking at what we are hearing today and knowing the price of oil is around $31 a barrel some predict organizations and morgan stanleyill fall and this will be incredibly different for the government to meet obligations and the promises it has made to nigerians and looking at borrowing money but wouldn't be able to borrow the kind of amount involved for the kind of project they want to carry out so it's critically important to countries like nigeria or opec to sit down and perhaps rethink how they can try to bolster the price of oil again so this country has the income it so desperately needs. >> we will leave it there, thanks very much indeed, the latest from abuja in nigeria. ordered opposition national assembly to remove three politicians and ruled acts passed by the assembly will be void until an investigation is carried out, and the party accuses the three of irregularities from last month's election and more from caracus. >> reporter: any decision the national assembly takes or has take then the past will be considered null. the supreme court considers the national assembly to be in contempt of court after the

morgan stanley lowering the price target from $22 to $18, saying time spent per user has declined 20%. and rbc's mark ma heeny predicts the twitter monthly active users could decline this year. before jack dorsey returned as permanent ceo, there was speculation that tech giants such as google or microsoft might buy twitter. since dorsey took on the job july 1st, twitter has lost about half its value. the stock is down about 28% from its ipo's price, sparking talk that the company could be an acquisition target. twitter, there's no controlling shareholder, which means there's no protection against the hostile acquisition, or activist investor. kelly, certainly one to watch. >> did anything ever happen with that 10,000 character rumor that was going around? >> well, it was effectively confirmed by jack dorsey after their many reports about it. jack dorsey posted a rather long and somewhat confusing tweet basically saying that this is the kind of thing that they're very much interested in doing, and moving away from these restrictions that are potentially restricting. >> his tweet was still 140 characte

mark told us that in an interview last week. phil, thank you very much. >>> under armour shares getting slammed here. want to point this out after a downgrade. morgan stanley the sports apparel company to underweight, taking the price target down to $62 per share. we are just under 70 now. they took that down from 103. j. sole is the analyst at morgan stanley saying the company is losing market share and average selling prices are falling partly due to the warmer weather, and also saying that under armour may be "reaching maturity in u.s. apparel faster than previously thought." this is a stock that has shot up 70% in two years. basically gone in a straight line up until last fall. since last fall it's off more than 20% over the last few months, underperforming the s&p and larger rival nike, which is doing extremely well right now. however, we should mention not everyone is upbeat. under armour ceo kevin plank was in ces atlas vegas to unveil health box, which includes a band, heart monitor and wifi scale. under armour has made strides in connected fitness. analysts are applauding this move saying the bad news has already been baked in the stock in term s

morgan stanley falling to its lowest since october. nextll report its earnings tuesday. alix: i want to check in on the first word news this afternoon. mark crumpton has more. says vice president biden no apology was given or needed after two u.s. but stripped into iranian waters. iran released the sailors today after holding them on an island base in the persian gulf. the u.s. and the rents one of the boats had mechanical problems. the incident was handled in a routine way. >> there is nothing to apologize for. with thehave a problem boat, you apologize for the boat having a problem? no. this was standard nautical practice. mark: john kerry issued a thank you after the americans were free. turkey's police have arrested one person in connection with the deadly suicide bombing in istanbul. germans and russians made up the largest number of visitors to turkey last year. russian tour operators have been told to stop selling vacations to turkey. president obama hitting the road a day after his final state of the union address. today, he visits a high school teacher in omaha, nebraska. she wrote the president one year ago, expressing concern a

mark. we're currently off by 6% and certainly the acceleration to the downside is not letting up at all. brent is at $31.41 with morgan stanley saying a rapid appreciation in the u.s. dollar could take it down to as low as $20 a barrel. so that very bearish call certainly not helping the crude market today. "power lunch" is back in two. we'll keep on watching stocks and crude on this sell-off day. when a moment turns romantic why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any symptom