after my second story, i started getting offers from goldman sachs, merrill lynch. i said, i wanted to do work that was meaningful to me, so ended up working in the prison system at rikers island. i know all of that was in so many ways possible because of the work that you did. i just want to say that i honor you, respect, love everything that you have done, all the roads that you have paid to allow me to do the best things that i have done. [applause] >> 44 years apart these two stories happens. clearly, life is not the same. so i went to ask you, miss coleman, what has changed since your time? and, bryonn, after that, what has not changed? when you listen to this story 44 years later for what you sat down and fought for, what has changed? >> well, that is a difficult question. i have to say, depending on what part of the country you come from -- when i have visited and montgomery, people ask, what did they get out of the civil rights movement? one thing. the street that i lived on, instead of calling it east dixie drive, they called it claudia colvin drive. [appla

morgan chase and bank of america's merrill lynch unit. and both of those stocks were also down sharply today. >> there wasn't much that was not down sharply today. all of the 10 major s&p stock sectors were in negative territory by the closing bell. let's go ahead and get folks updated with tonight's "market focus." >> tom: stock investors were greeted with a stiff sell-off after the long president's day weekend. stock prices dropped, volatility jumped, and bond interest rates fell as prices rose. let's start with today's trading of the s&p 500. we spent the entire day in negative territory as stock prices continued falling through the afternoon. since december 1, the index has seen an almost uninterrupted bull run, representing a 14% jump before today's sell-off. today's drop in stocks brought with it a pop in fear. the chicago board options exchange volatility index measures market near-term expectations. a falling fear index corresponded to the stock rally. the jump today brings it to its highest level of the year. with the stock weakn

richard saltzman, then a merrill lynch executive, was in charge. he says, without cooper, the deal would never have happened. >> the concept existed, but it was really untested. and milton became the evangelist, if you will, and the spokesperson for this being the new paradigm, the new model, and arguably a better mousetrap for investors than how, historically, they had invested in real estate. >> susie: it took two weeks, but the kimco stock offering sold out, raising $120 million. a short time later, kimco reported better than expected earnings, and its stock price took off. >> what we did-- our projections were very conservative. and there were articles that kimco's mantra was "under- promise and over-perform," because the earnings that were projected in the prospectus were less than the actual results. >> susie: and author ralph block says under-promising was a smart move. >> he didn't want to be a cheerleader for his company, and so, he would try to be realistic. but he knew that, based on the strength of his organization, they were likely to

still, analysts at morgan stanley and bank of america merrill lynch downgraded their ratings though. leading consumer stocks was casino operator wynn resorts. strong business in las vegas and continued growth in macau china fueled its latest quarter. the stock responded with a 7% jump up to a new 52 week high. as we previewed last night, nokia's big strategic shift was announced today. it will use microsoft windows for its smartphone software. nokia will also feature microsoft's bing internet search service. and nokia will reorganize itself into two divisions-- mobile phones and smart devices. nokia continued to sink though off another 14% today, in the past two sessions, it has lost a fifth of its value. this is a 90 session chart. three other movers-- clorox hit a new high after it was disclosed investor carl icahn has a stake. conoco rallied after boosting its dividend and stock buyback plan. and the rally continues at j.d.s. uniphase at a new five year high. it was a brisk pace of initial public offerings this week. the biggest came today with energy company kinder morgan raising

but engineering inside like group inmarsat is up more than three percent after an upgrade from merrill lynch to russia now and yes a new me picture there they ended tuesday session kneedeep in the red correcting as crude continuous decline to around eighty seven dollars a barrel and there's now flow of capital is quite significant from russia this week as was last week more detail into stocks now knows nichols adding to monday's sharp losses a day after a suspended the stock buyback amid a shareholder dispute while the weak crude prices pulling down the energy sector of course down one point eight percent first drop in three days and bt being is down heavily four point six percent actually the record news of the day as investors are dropping. the stock huge uncertainty over the upcoming s.p.o. price john heinz or from citibank says as a number of issues giving the market a pause for thought. first of all crude continue to slide from ninety dollars last week it touched dollars plus per barrel bread was even higher above one hundred dollars second we have chinese raising interest rates today w

science my group inmarsat we'll see was up more than frayne a half percent after an upgrade of merrill lynch and in russia markets ended today's session in the red correcting as crude continued his decline to well below eighty seven dollars a barrel right now and also our flow of capital is quite significant in russia. and some of the stocks norilsk nickel is adding to monday's sharp losses a day after a suspended stock buyback and to shareholders who down two percent of the vote while the week crude price was pulling down the energy sector all in one point eight percent the first drop in three days between the world's biggest loser down four point six percent as investors were dropping the stock due to uncertainty over the upcoming second very public offering price john oliver from citi bank says there's a number of issues giving the market a pause for thought a moment. first of all we had crude continue to slide from night. last week it touched ninety dollars plus per barrel brand was even higher above one hundred dollars second we have chinese raising interest rates today which is not tak

the first big sale and rushes out a vicious privatization program the roadshow is organized by merrill lynch bank and b.c.b. capital and will be held in the united states europe and moscow analysts name middle eastern sovereign wealth funds among the potential buyers with the stake metals the daily also reports that about half of the ten percent stake may be acquired by italian and group generally. the price of brant crude oil went beyond one hundred dollars mark this market this latest rise was reportedly due to the tensions in egypt. christophe chief economist and vice president of b.p. says the growth was mainly due to tightening oil markets. what has happened already over the last few months with more stable supply and more demand the majority. but it was invisible and the reason for this is we had so much floating storage oil stored over the sea that us disappeared didn't show up in official statistics no it was december of your purchase of just to see the initial report and all of the end of the third is the summary of that is that by the beginning of this year we will have to see will

it's the first big sale and russia's ambitious privatization program the roadshow is organized by merrill lynch deutsche bank and b.c.b. capital will be held in the united states britain scandinavian states germany and moscow and named middle eastern sovereign wealth funds among the potential buyers for the stake with mr daly also reports that about half of the ten percent stake may be acquired by italian insurance group generally. the price for brant crude oil went beyond the hundred dollars the one hundred dollars mark this month this latest wise was reportedly due to the tensions in egypt over christophe chief economist vice president of b.p. says the overall price growth was due to tightening oil markets. what has happened already over the last few months because stable supply and growing demand the majority. but it was invisible the reason for this is we had so much floating storage oil stored over the sea that us disappeared didn't show up in official statistics no it was just some of the official statistics you see the interview was going down at the end of that and that is the summary o

impact an already fragile economic system and if you look at the chart this is from bank of america merrill lynch and it shows you the annual days off from work in the u.s. because of weather related events and as you see in the last two years there's been a surge the law of diminishing returns to put it in economic terms in other words the continuation of a busted model this post adam smith the in the classical economic model is run its course it doesn't work anymore because the resources are running out and the one major economy that escaped the economic disaster. australia that's correct well they are being particularly hit hard by the ecological disasters sweeping the world australia unveils flood recovery tax through this is from a few weeks ago where we had the flooding disasters which have shut down you know all the coal mining industry there and also quite a bit of cotton a straw it has now unveiled a flood tax on higher earners following a warning from prime minister julia gillard that the delusional cost. five point six billion australian dollars or half a percent of g.d.p. well yeah th

engineering and satellite group inmarsat you'll see more than half the center for an upgrade from merrill lynch and russia's markets ended tuesday's session in the red correcting as crude continued to decline to around four hundred eighty seven dollars a barrel and of course outflow of capital was quite significant in russia nor cynical was adding to the. and big sharp losses a day after it suspended a stock buyback amid a ship you knew while the crude price was pulling the energy sector down. being the example one point eight percent down at the close was the biggest loser down four point six percent as investors dropped their stock due to uncertainty over the upcoming s.p.o. price john heilemann from citi bank says there's a number of issues given the market. first of all we had crude continue to slide from ninety dollars last week it touched ninety dollars plus per barrel brant was even higher above one hundred dollars second we have chinese raising interest rates today which is not taken well by the market and third we have a number of stock place was going out of russia right now. it's dif

all that is needed is a bank of america or merrill lynch debit or credit card.ight museums are participating including the young museum. if you plan to go, call ahead for hours and know that some of the participating museums are not open on sundays. >>> also free today, the san francisco giants 2011 fanfest! you can go there to at&t park. this is a live look outside the park, where it's already busy. look at the black and orange! you will get a chance to see your favorite place, get autographs and see the world series trophy. single game tickets go on sale in just a few minutes. you can see the crowd lining up there. >> may not reach 70 in san francisco today but 70s if other parts of bay area? >> oh, it will be common today in many spots. your last chance to get the forecast here, we're starting off cool this morning and low 50s. 57 degrees through 11:00. we'll warm to 62 at 1:00. by the end of the day another five degrees of warming, 67. the breeze picks up and the winds will be increasing. especially the hills for the afternoon. your 5-day forecast, temperatu

and merrill lynch passed away at the was a new president of abc news who didn't like carole simpson quitehat the people were saying they started saying things like she doesn't know how to ad lib, she doesn't add lib well. on an ad libbing this full hour with you. don't you think -- >> host: it's very impressive. >> guest: don't you think i can add licht? and i was getting slow on the delivery and suggesting age. you can't see it because of the ada law, age discrimination act. said it was things like that, just she's not feeling well. i had traveled in from washington every weekend start the day after having, you know, traveled. but as soon as the red light came on, i was fine. tommy chaim life and i'm ready to go. but it was very hurtful that i had fought racism, sexism, and here was coming ageism in of the subtle comments about my performance. as they offered me -- they said they wanted to bring in new talent along and prepare them for the network. i had on the show for 15 years which is a long-running tv, but i felt they wouldn't have told peter jennings that, he had been doing it for 2

but they were not the cause offi the big financial losses that happened at merrill lynch, at citigroup that began the cascade that led to the bailouts in september. >> could you comment on the lack of knowledge or understanding in be aig? you touched on it, but i recall the hearing we had here, and treasury and many others came, and they asked, first, for 50 billion, that's all they needed. 80 billion, that's all they needed.it then they came back two days later, they needed 50 billion, and they kept coming back showing that they clearly did not understand the exposure or the problem. there was no understanding. and the head of aig didn't understand the one, the exposure for the 79 billion in credit protection. and furthermore, the office of thrift supervision -- even the default swap salesmen at aig did not know about the terms that he was selling with. and no one seemed to understandi anything about it except for the counterparties when they starte calling it in.tand can you discuss the extent ofpa lack ofrt knowledge by regulato. by leaders, by salespersons, by everyone contributed

that's a fiscal issue, but they were not the cause of the big financial losses that happened at merrill lynch and citigroup that began the cascade that led to the bailouts in september. >> could you comment on the lack of foj knowledge or understandit aig. you touched on it. i remember the hearing we had here, they came and asked for 50 billion that's all they needed. 80 billion. they kept coming back showing they clearly did not understand the exposure or the problem. there was no understanding, and the head of aig didn't understand the exposure for the 79 billion in credit protection, and furthermore, the office of thrift supervision didn't understand -- even the chief credit default swap salesman at aig did not know about the terms he was selling with, and no one seemed to understand anything about it, except for the counter parties when they started calling it in. can you discuss the extent that this lack of knowledge by regulators, by leaders, by sales persons, by everyone contributed to this? i believe it's astonishing. some we saying buy the product, others were saying -- within the sa