i found bill through merrill lynch. i was walking through telling everyone i wanted to be a hedge fund manager. the guy was like, i know a guy who used to be a hedge fund manager. i came out to the class and i was like, i started learning a lot more, i started learning about how to evaluate companies, how to present companies, ended up giving me an internship at thomson-reuters and he also influenced me. he was a big part in influencing my taking the gmat exam, in the 96 percentile. -- 96th percentile. it means if 100 people took the test, i did better than 96% of them. 96 of them. [applause] i wanted to also throw in there, a 10% of the people in the united states go to business school. that is the top 96 -- 4% of 10%, you see what i am saying? i am cool with math. bill has been instrumental in telling me -- not telling me but advising me of what business school to apply to so i am applying to stanford, harvard, it may have heard of them. and warden. i grew up in hunters point. that is right. i think this program like

gold is moving right now as merrill lynch's commodities chief says it could go to $2,000 an ounce if the fed plays the stimulus game again. >>> issue number two, talking stimulus. talking cuts. talking taxes. in washington, are the political leaders really hearing the cries of american business as we linger on the precipice of that fiscal cliff? >>> and do you feel like the fish at the -- look at that. at the end of that rod sometimes. the lohman or woman on the economic food chain. today, tips on how to swim clear of the sharks and how to keep off man's hook. sue is out. simon's in at the new york stock exchange. >> a catch. we start off with that fish and avoiding the sharks here on wall street. getting to kenny in a minute. first bob on what's now a sixth poor day for the bulls here. >> the problem is very simple. earnings. when's going on in china. we have the big international names to the downside. the energy stocks, take a look. financials and material stocks taking a hit. remember, this week, concerns of cartier, about the slowdown in china. today, marriott talked about thing

merrill lynch.eople buying the stock and the options just purely based on the expected outcome of a court case or a settlement. do you believe that mbia will win the case with bank of america or settle? >> yes, i do. and in fact, any day now we may be hearing the outcome from the article 78 proceeding one of the cases in which bank of america is suing mbia. we believe that mbia will prevail in the case. frankly, i wouldn't want to be short the stock when that headline comes out and ultimately we believe there's a settlement because it's in the best interest of b of a to do so. >> all right, mark, thank you so much. >> certainly. >>> still ahead, the 401k plans the best buy for retirement savin savings? >>> and then back to the story we talked about, the $30 million ferrari that crashed the way in to the disaster -- >> kids starving out there. this is making you weep? >> well, listen. thanks a lot. i get your point. you're right. okay? i'm an incensive jerk. you know what? still newsworthy headline.

that's merrill lynch. we take it on ours.his summer put your family in an exceptionally engineered mercedes-benz now for an exceptional price during the summer event. but hurry, this offer ends july 31st. >>> coming up at the top of the hour. the had the of a leading business organization is slamming president obama's comments that entrepreneurs owe success to the government. >>> and ceo of an electric utility southern company outlines the fallout america will feel if congress doesn't act soon. >>> an intel ceo will be here to break down the company's earnings moments after they're released. first, back to brian shactman. >> thanks. we're watching shares of facebook as we always do. a capstone analyst said they're losing users in the u.s. and europe. we're seeing a late day rally especially in the 2:00 eastern hour, "street signs" down only a quarte quarter. >> street talk time on "street signs". >> the teen retailer, home of the $9 graphic t-shirt. from an overweight to underwait. hardly a ringing endorsement. aeropo sta aer

she's the best moment to moment present, sam watersston came up with that about merrill. she's present and not only acting but reacting to what you're doing. that's the key. too many actors act in front of a mirror, i'm ready for my close-up, i'm right here. the closer it gets, the more you make it about the other person. >> i have two contemporary questions to ask you, one for you jeff, there was a remake of "dump and dumber" apparently coming out. >> what have you heard? >> that jim carrey buggered off. >> i know the four of us would want to do it. especially jim. jim's wanted to do it a year and half. we've hit some bumps in the road. my hope is while i completely agree with jim's stance on it, he's frustrated and throwing up his hands, my hope is there's a happy ending and we get to do it. >> you did gross $250 million? >> million or billion? it has the potential to be seen by a couple of people, put it that way. >> i will ask you about facebook. whether you own any of the stock? >> you know, i didn't, and i should have -- really, i should have bought one share of sto

a passionate belief, and the foundation on which merrill lynch has been built.r financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. you walk into a conventional mattress store, it's really not about you. they say, "well, if you wanted a firm bed you can lie on one of those. we provide the exact individualization that your body needs. oh, wow, that feels really good! take it up one notch. oh gosh, yes. once you experience it, there's no going back. now, save $500 on our p6 bed set. and hurry in for the final closeout of our 2011 flexfit adjustable base. only at the sleep number store, where queen mattresses start at just $699. ♪ ♪ ♪ [ male announcer ] what's the point of an epa estimated 42 miles per gallon if the miles aren't interesting? the lexus ct hybrid. this is the pursuit of perfection. this is new york state. we built the first railway

at merrill lynch, we understand the importance of your goals.nancial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. rr and a reminder, your coverage live details. time for the tinl frad. >> pharma names have been doing well. >> yahoo! >> she stole it out from under your. >> i would say pfizer then.

lobby really all about nicholas merrill executive director of the calyx institute joins us now welcome nicholas so we have the most powerful cyber forces banding together what do you make of this new. i'm cautiously adopting wait and see attitude because i'm trying to adopt in the interest of fairness an attitude of. a feeling like it's important not to prejudge their efforts before they really get off the ground. however i think it's kind of important to note that there is a kind of an obvious potential conflict of interests their. sense of the interests of these companies may not always coincide with the interests of the users so i think you know a note of caution should be taken and nicholas can you elaborate at that on that how would the interests of the company is be at odds with the interests of the users at times sure you know in certain cases the interests of the companies and the interests of the users may align but there are sort of. a problem sometimes particularly where these companies sometimes are founded on business models which are based on compiling databases on user a

. ♪ a passionate belief, and the foundation on which merrill lynch has been built.our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >> you own this is stock. >> i do not own it yet. >> full disclosure. >> first move tomorrow when we come back. [ male announcer ] feeling like a shadow of your former self? c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ laughs ] hey! tdd# 1-800-345-2550 we're hitting new hi

that's merrill lynch.eforet >>> just before the break we asked which airline stock has risen the most so far this year? yet blue, southwest, or united continental? now the payoff, united continental that has climbed about 30% year to date. >> u.s. markets down sharply at this hour as you see the industrials down about half a percent. the s&p down about one fifth of one percent. those losses accelerated around 2:00 p.m. eastern. richard bernstein is joining us now. they said things today have worsened in terms of sentiment, what's your take on the fed today? >> i don't think the fed had to do qe 3 because we have a 150 ten year. if they want lower interest rates, i think europe has gotten them for us. but the other thing though in terms of the action you're seeing today, is people time and time again are waiting for the government whether it be monetary fiscal policy to bring us back to where we were. that's not going to happen. we're on the downside of a credit bubble. any time you see monetary and fiscal

a passionate belief, and the foundation on which merrill lynch has been built.advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> welcome back, stocks ending the week on earnings that are failing to impress. american century investments managed $120 billion in assets. joining me now from lake tahoe with the annual celebrity golf tournament is under way is jonathan thomas. it is pouring cats and dogs here in new york, i'm looking at your shot, and i realize it's a tough job, but somebody has to do it. >> i appreciate the sympathy, it's great to do it. we're head quarters in kansas city where it's over 100 degrees there too. >> tell me about investor sentiment. last time we spoke, europe's debt crisis, the presidential election a few months away, and it seems this uncertainty is continuing. how are you advising clients? are you still seeing that risk

that's merrill lynch. this is new york state.the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. >>> welcome back to >>> welcome back to "squawk on the street." third hour, rick santelli here with my special guest. bob mauer and we worked together in the early '90s. he worked for peregrine financial group. he's with mandue ka trading. welcome, bob. let's go through a chronology of what happened. you have maybe a little less than $3 million of funds through a couple hundred plus customers. >> that's correct. >> and you're pretty much aware of what was -- what has happened. but you told me off camera you didn't really sense anything was really wrong until monday. >> exactly. monday was when we got the first sense. i went home friday afternoon, business as usual. e

that's merrill lynch. c'mon, michael! get in the game!e announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ laughs ] hey! >> just before the break as part of the dividend, we asked which stock increased the most so far this year. a state, family dollar, or time warner cable. now the payoff. time warner cable that shot up about 30% year to date. >> this market continues to rally into the close, the dow a few points short of going positive for the week. the nasdaq on track to wrap up a tough week. we have a round up of today's big movers now with seema mody. >> tech stocks have been declining, but the s&p technology is under performing the s&p 500

we have skidmore, merrill, and -- helping us do this.e end of this summer, they will present that master plan to us for consideration. when you plan for success, you will be successful. that is what we have learned very simply in our city. i am excited to do that. i am excited to start out that planning and make sure that gets done. we share in the same level of excitement. how about that perfect game? that started excitement. [applause] how about the the excitement from the u.s. open? how about the summit we're having this weekend. happy pride month in san francisco. to continue that, and to build for the future with all of the success we have with our giants, with all of the offense that we create, with the offense that we just had with this fantastic icon, the year for our golden gate bridge. we have a few more things to celebrate in the future. what do you think about the warriors coming back to san francisco? we will have the nba working with us not just for great venues for basketball team, will also have another iconic as a new --

at merrill lynch, we understand the importance of your goals. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. are always on the move. so they can't get to the bank to deposit a check. instead, they use citibank mobile check deposit. it's easy. they just snap a pic... ♪ hit send... and their checks are deposited right to their account. well almost all of their checks. stand back. seriously? [ male announcer ] citibank mobile check deposit. easier banking. every step of the way. >>> recently we're seeing more black eyes on wall street. during the delivering alpha conference yesterday, pree preet bharara explained how bad he thinks it is. >> every time you have a case of insider trading, you're showing people's confidence in that belief is misplaced, and it's especially disheartening given the variety of cases brou

the city in its haste to get rid of the mural, it is a wonderful merrill and i have shown pictures here before, simply did not follow the law which requires notice to be given to the artist or if the artist has died, to his heirs or personal representatives said they might have an opportunity to remove and save the work of fine arts. in speaking with people about this mural, people will say, was there not a process? that led to the decision? with regard to getting rid of the mural and replacing it with two murals that are brand new. we say yes, there was a process. it was not democratic and riddled with illegalities. the sunshine task force has found in six hearings on six separate complaints unanimous decisions that there were illegalities throughout the process of decision making and for example, when library users association asks supervisor campos for his mural file, so that we can understand better what has happened, this is -- these are some examples of what we got. heavily redacted pages and pages redacting names, redacting addresses, e-mail, phone number, and so on including --

we're also grateful to mark richardson and merrill corporation who contributed the printing of our luncheon program and menu, and i want to personally thank our friends at the recorder and "the daily journal" for their pro bono support in leading us up to today. i also want to thank the committee that worked on this and the honorary committee, all those people contributed to is. and now the only reason you really want to hear about from me is that i'm the guy that gets to give away presents. for the first time this year, we have compliments of our former chair, ken gurnsey, a silicon valley jawbone jam box. i don't know what it is. but i've been told by people who do that it's really wonderful. so what i'm going to do is draw -- hopefully you can put your name in here. i'm going to draw a name with the person whose name i draw simply stand up and raise your runners come out and present you with your present. here it is. wow, it's heavy. it's got a picture of a boom box on it and the cover says "that was then." this is now." and this is now goes to danielle johnston from nixon peabody. where

that's merrill lynch. this is new york state.first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. >>> in honor of our top states for business coverage on cnbc today, we asked you before the break, which state has had the worst stock performance of the s&p over the last year, based on the companies that are based there? it's kansas. kansas. that is due primarily, herb, to sprint, down 40% in the past 52 weeks. you can see the other worst stock performing states. it's going to be on closing bell in an hour, 42 minutes, 51 seconds. after cut iting, the stock was fire earlier this year and was an all time high in march. herb, you have time for one line. >> they just didn't sell enough robots mostly for knee surgeries.

at merrill lynch, we understand the importance of your goals.ncial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. ♪ i want to go ♪ i want to win [ breathes deeply ] ♪ this is where the dream begins ♪ ♪ i want to grow ♪ i want to try ♪ i can almost touch the sky [ male announcer ] even the planet has an olympic dream. dow is proud to support that dream by helping provide greener, more sustainable solutions from the olympic village to the stadium. solutionism. the new optimism.™ ♪ this dream >>> so we're asking, do you think a new round of stimulus for the u.s. would have meaningful benefits? 22% of you said yes. 78% said no. very interesting. the yahoo! finance poll in conjunction with cnbc. now, to mandy drury. we'll see what's coming up on streets signs at 2:00 p.m. eastern time. >> lots of things. yahoo!'s marissa mayer joining t

ich merrill lynch has been built.ial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> just a programming note, we are waiting for mitt romney to make statements in new hampshire on the aurora shooting. we will break that to you live. let's talk about the markets as we wait on mitt romney. soft revenues continue to be a theme across big technology earnings this week. sales are either disappointing or barely in line with street estimates. does this mean you should look at all sectors? dan, should we avoid all big tech for the second half? >> you can't make a blanket statement like that. >> i just did. >> i think the thing is that you have to be careful about the market in general. my feeling is that the market falls off between now and the end of the year so you need to get very selective in terms of wha

that's merrill lynch. i don't have to use gas. am probably going to the gas station about once a month. drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ so what i'm saying is, people like options. when you take geico, you can call them anytime you feel like saving money. it don't matter, day or night. use your computer, your smartphone, your tablet, whatever. the point is, you have options. oh, how convenient. hey. crab cakes, what are you looking at? geico. fifteen minutes could save you fifteen percent or more on car insurance. >>> >>> after alcoa beat the street, what kind of earning season do you expect? here's what america said in the finance.yahoo.com poll. f 15% said it will be strong. 52% said mediocre a

at merrill lynch, we understand the importance of your goals.our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> welcome back, yesterday senator schumer told ben bernanke in testimony to get to work on more economic stimulus, but today mr. bernanke herd a different tune during his testimony. hampton pierce was there and has details. >> he wrapped up two days of congressional testimony fending of criticism to help aid the economic recovery and telling lawmakers the fed can only do so much. >> i don't think it's the case there has been no progress. we had in the last quarter of '08 and first quarter of '09, we had a collapse in the economy, the employment rate went about 10%. it's true that the recovery has been slower than we would have liked, but clearly we have made progress on unemployment and job creation. bernanke

a passionate belief, and the foundation on which merrill lynch has been built.from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. . >>> today on power lunch we'll hear from one of the senators who questioned fed chairman bernanke. does he think more easing is on the way and is it the right way to get the economy moving again? a move in the auto sector could mean new plants and new production lines. find is what it may mean for american car workers and high and dry, the cost of the midwest drought is sky rocketing. see if any relief is in sight today on "power lunch" at the top of the hour. back to a guy never high and dry, scott and the fast half team. >> we'll see you top of the hour. citigroup cutting estimates on four of the nation's biggest retailers citing slower consumer spending and as the back to school shopping season begins. debbie weinswig is on the fast l

that's merrill lynch. an accident doesn't have to slow you down... car replacement, available only from liberty mutual insurance, if your car is totaled, we give you the money to buy a car that's one model-year newer... with 15,000 fewer miles on it. there's no other auto insurance product like it. better car replacement, available only from liberty mutual. it's a better policy that gets you a better car. call... or visit one of our local offices today, and we'll provide the coverage you need at the right price. liberty mutual auto insurance, responsibility -- what's your policy? >>> when it comes to living social, will they or won't they go public? recently they told a british paper that the company is likely to launch an initial public offering next year. is that a good move giving the rival woes of groupon and facebook and down more than 25% respectively since the debuts on wall street. let's go to living social ceo, julie, over to you. >> thanks, appreciate it. tim thanks so much for talking with us today. give us some clarity, the big question,

a passionate belief, and the foundation on which merrill lynch has been built.financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. brynjolfsson. we are about halfway through the trading day. here are our top three trades. nokia, cutting the price of its flagship smartphone to $50 from $100. >> continued fallout. no one is buying it, next you'll see $29.99, then for free. nokia in all sorts of trouble. >> jcpenney in trouble after retail sales dropping for the third straight month. short this has to be music to your eyes. >> retail sales weren't good. specifically for jcpenney comps down 19%, will be down the same amount. you can only have five years of comps going down 19%. that's a little bit of a joke. you also had really good news here. the bad news is it's surfaced martha stewart could terminate their contract if they wanted. all the brands

a passionate belief, and the foundation on which merrill lynch has been built. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. syou know, i've helped a lot off people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing)

the department of labor reports that merrill lynch and 11,000 jobs last month, -- maryland lost 11,000 jobs last month. the silver lining, the agency result -- revise the main findings say 2900 jobs were cut rather than 7500 as reported. the federal government is comparing the student loan crisis to the subprime mortgage crisis which caused so many people to lose their homes. students of more than $150 billion in outstanding private loans. tim has details on attempts to fix the problem. >> these students are tying up some loose ends. they are signing up for classes and trying to figure out how they will pay their college bills. >> the lot of students are having trouble paying off their private loans. >> more and more schools are urging them to weigh their options. >> the federal loans almost always offer much lower interest rates and private loans. >> the u.s. department of education is looking to help ease the pain. it is recommending lenders do more to involve schools in the process. take a look at how they may be discharged bankruptcy and to make sure that consumers understand the t

there was a passionate believer in keeping all three sites of the branch library merrill, which the library city want to point out. it features working women, children, the u.n. at symbol, and history, all of which will be gone from the planned replacement. that was originally part of the community process that supervisor campos set up jointly in a letter with the mayor, and which we have had serious problems with. when we tried to find agendas, minutes, public meeting announcements, or recorded votes, we found none. when we asked for the supervisor pedophile, we got hundreds of pages that looked like this -- supervisor's mural file, we got hundreds of pages that looked like this, blacked out, in violation of the sunshine ordinance. it appears there was a two- tiered system. the folks who were cherry pick four key meetings and those who were not. those who heard earlier about wordings for the agreement that was ultimately signed, and those who did not. >> -- president chiu: thank you. next speaker. >> good afternoon. i come before you today because of the increased homicide rate we are now

we spoke with eathan harris at bank of america merrill lynch. >> little bit of better news relative to what we've been hearing in recent weeks. however, the economy is clearly slowing down. we expect growth to slow to just 1.3% in the third quarter and 1% in the 4th quarter as the problems in europe and the u.s. fiscal cliff weigh on the econo economy. so, we are clearly in a decelerating trend for the u.s. economy. well clearly europe is hurting not just u.s. growth but global growth. some of it is due to weaker trade. but really, the bigger story here is about confidence. it is about businesses and households getting worried about europe and the impact on their stock portfolio. so europe is a big factor in the recent slowing in the u.s. economy. it is going to continue going forward. the fed reserve an offset some of this pain by additional easing policies, but really there is not a plot policy-makes can do affecting the u.s. municipal leaders in eastern china have reacted to a not in my backyard movement. they have prompted to scrap a plan to dump industrial waste into the sea. offi

penalty but not unprecedented sanctions in the wake of the jerry sandusky's sex scandal president mark merrillannounced today that is the winter 1998 to 2011 were vacated. joe paternalism is 111 wins from his record there were fined $60 million ban from ball games for four years and lives 40 scholarships over that for years stretch. brandon bell was just one for 20 on the giants this road trip said today he he's at the bench while public sandoval played first base in the offense bulls on without a win since june can you believe that? tonight against padres he struck at 6 and seven innings the bottom of the first when marquardt same rod brandon crawford or did he? the first colony cats in overturning its and the giants in a fortunate thing they buster posey was three before the game the 14th time at&t park history in the right hand a bit of batter hit a homerun. giants win seven to one and one-half game ahead of the dodgers west. to about the headline of your post today. once high gains burnt to a crisp things to koko's mockup yesterday in the a's would be in the playoffs it's an awfully fun cl

we all know merrill primary will be much higher turnout if it is held in november. we all know this. we also know that if the runoff involves the mayor's race, a december runoff will have an even higher turnout than november. supervisors on both sides acknowledge this and have done so publicly in this room. why are we still considering a mate only september proposal? -- a mirror only september proposal? why not switch it to december? september is the opposite. for example, why is it that the voter turnout numbers for september municipal elections are not being looked at or discussed? other cities use september. the numbers are very low, on the order of 20%. if the proponents disagree, why haven't been mentioned in the turnout numbers? if the september primary will be on the ballot, voters deserve to have the options. it would not be fair to put only the september proposal on the ballot because voters would be forced to vote for a low turnout primaries. it does not have to be that way. why not give voters a choice? but both on the ballot and let the voters decide if

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and the foundation on which merrill lynch has been built.our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. i bought the car because of its efficiency. i bought the car because i could eliminate gas from my budget. i don't spend money on gasoline. it's been 4,000 miles since my last trip to the gas station. it's pretty great. i get a bunch of kids waving at me... giving me the thumbs up. it's always a gratifying experience. it makes me feel good about my car. i absolutely love my chevy volt. ♪ [ male announcer ] feeling like a shadow of your former self? c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or

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she then designed trading software for deutsche bank and merrill lynch. >> there's an incentive to make as much money as you can for the firm. and in some senses, i think, for the traders, they think, "hey, i earned a billion dollars this year. i deserve some small percentage of that." what i think is incorrect about that is the behavior that that incentivizes is, "i'm gonna go for broke. i'm gonna try and make as much money as i can. and if it blows up three years from now, that's not gonna affect the bonus i make today." >> yahoo, 250 to buy, and i'm selling hewlett-packard about 200... >> narrator: the incentives are powerful. a young trader at a big wall street bank can make around $150,000 a year. >> all right, let's put all hands on deck. i'm tempin' up these mus... >> narrator: but based on performance, that number can rise quickly. star traders make huge sums. >> martin smith: how much are you making if you're a star trader? >> for a star trader, you could, after ten years, reach pay above $5 million or $10 million for the star performers. that wasn't the average. >> smith: $10