i spend about six years on wall street, 1st with merrill lynch, then i worked directly for the new york city comptroller's office where my role was to help coordinate many of the tasks and the city to issue bonds and notes. i've also worked as a financing professional for private companies, also for startups. i've negotiated contracts and settlement agreements and save companies millions of dollars. i want to continue to serve the public. for the past couple of years, i have been on the board directors for the child welfare league of america and i have been share of the audit committee. we have had a clean audits in spite of challenging financial times. this is a very important organization to the country and i continue to serve actively. we have three meetings per year and monthly meetings on the phone. since moving to the area, i am a regular volunteer for the bay area outreach program. they are over in the east bay. they provide various sports and fitness programs for disabled folks. lastly, as an individual i hate to waste money and i hate to see money wasted. i think that my skills

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 -- wheha

goldman along with citi were downgraded by the banking analyst at bank of america- merrill lynch over worries about weak first quarter earnings. here's the past 90 sessions for j.p. morgan. it fell 1% today, but this week, it was the worst dow industrial component, falling 2.5% since last friday. meantime, drug giant pfizer was the best dow stock this week. despite this fractional loss today, the stock was up 4% this week and hit a new 52-week high yesterday as big healthcare has staged a comeback. in fact, the healthcare sector was the best performing sector today. following-up on the employment services stocks we mentioned last night. some of the gains ahead of the jobs data did not hold. robert half, s.f.n. and manpower dropped by at least 1% each. online jobs site monster worldwide saw stiffer selling off more than 6%. this is the past 90 sessions. this drop in january came when monster missed earnings estimates and had a disappointing outlook. today, investment bank william blair cut its opinion over worries about monster losing market share. alcatel-lucent continues its recent c

start with oil prices are up yet again the turmoil in middle east showing no signs of abating merrill lynch is up his forecast for brant crude saying prices could briefly top one hundred forty dollars per barrel in the second quarter. in the u.s. markets are trading in a negative territory as high oil prices are worrying investors about the pace of economic recovery nasdaq down point seven percent the guardians down point. here is europe where stocks are about to close and they're lower this average americans iraq is the biggest news in london as england bans tobacco displays from what world . markets we've just seen some like half an hour ago seeing the markets closed they closed negatively off for a long weekend this was the first trading session the market was correcting after a strong previous week so you look at some of the individual shares which bought the trend banks they were on the rise supported by positive results from bank of america's bank was gaining one half a cent at the close bank was the worst. second tier banks added seven point seven percent in just one session low in n

more than two and a half dollars the rest texas crude is down sixty cents brant is up because merrill lynch has talked to its forecast of crude prices saying brant crude briefly top one hundred forty dollars a barrel in the second quarter meanwhile exxon mobil c.e.o. says prices at the current level are not yet hurting the economy but some u.s. investors do not agree they are chilled by the current oil prices that we're seeing right now after especially true for the nasdaq it's down point four percent dow jones like the one. in russia wednesday's trade ended in the red that's our through our long weekend the market was correcting following a strong previous week but banking stocks were bucking the trend they were on the right supported by for the results from bank of america is burbank up one point three percent of the close bank was the video added seven point seven percent for that the second tier still lower nickel and copper futures are weighing on north nickel shares going down one percent and track yeah it's preferred shares gained eleven percent over the session the stock spiked thir

merrill lynch has upped its forecast of crude prices saying they could reach the top one hundred and fourteen dollars per barrel in the second quarter that's what brant. they cost of insuring russian dead against a fault is what going to its lowest level in more than two years high oil prices are helping the world's largest energy exporter cut this year's record boring plants this is called credit default swaps slipped to one hundred twenty three in the last two weeks the biggest drop of any nation investors confidence in russia's ability to repay that is growing after the conflict in libya threatened or oil supplies from the region quarter of the russian budget comes from oil and gas and high prices help trim the planned by around seventeen billion dollars. european central bank may be making a grave mistake by tightening its monetary policy that's according to new real roubini the notorious economist known as dr do he claims high interest rates may theorist he hits very for all european countries struggling to restore export competitiveness however a chief economist from my three y

of course and prices are up yet again with the turmoil middle east showing no sign of abating merrill lynch is up his forecast for crude brant prices saying they could briefly top one hundred fourteen dollars per barrel in the second it's up now this is causing investor sentiment to shift into negative territory in the united states and other markets because markets opened as you can see there in the red now jones down point three percent nasdaq point seven percent that's on the second anniversary of the bull market. european stocks are also lower british american tobacco is the biggest loser in london down more than three percent as england fans to battle displays twenty twelve shops. here in russia final minutes of trading for the nice takes on the r.t.s. sees the low of my sex down half a percent the r.t.s. one percent doubt the market is correcting following a strong previous week and taking on the negative sentiment from other markets banks are on the rise however with her back up point three percent supported by positive results of bank of america but low and nickel and copper futures

west texas crude going down ten cents but brant is up two and the coffee dollars this is because merrill lynch is out its forecast for this crude blend say that brant could briefly top one hundred fourteen dollars per barrel in the second hence the brine. in the united states also somewhat of a change of picture but it's more or less plats mixed right now the dax managing to regain point two percent and actually you go up. high oil prices still worrying high tech traders on the nasdaq it's down point three percent in europe markets closed in the red one of the biggest losers in london was british american tobacco this is as england bans tobacco displays from twenty twelve. in russia the first session of the week after a long holiday ended in the red but the nice managed to almost all of its losses take a look at some of the individual stocks banks were on the rise of quarter by positive results from bank of america a bank is gaining one point three percent on the my six bank was getting a second tier stock added seven point seven percent lower nickel and copper futures were weighing on metal s

brant take a look at that to our dollars out west texas down ten thousand brant is up because merrill lynch has upped its forecast for the year crude saying it could briefly talk one hundred forty dollars per barrel in the second quarter and therefore the buying take a look at the stock markets in the united states now they are trading still mixed this is. uncertainty about how high oil prices that we're seeing right now will be affecting u.s. economy in europe trading ended for wednesday in the red british american tobacco was one of the biggest losers in london as england banned about who displays from twenty two. here in russia the first session of the week after a long weekend ended in the red the market was correcting following the strong previous week so you look at some of those individual shares banks were on the rise however supported by positive results from bank of america was gaining one point three percent at the close nor think it was down one percent on lower metals prices but the outstanding performance of the session was near after its preferred shares gained eleven percent

east showing no sign of abating well brant is up two with a half of dollars there that's because merrill lynch is out its forecast for the crude saying that brant could briefly top one hundred forty dollars per barrel in the second quarter meanwhile exxon mobil c.e.o. says prices of the current level are not yet hurting the economy but investors seem to disagree in the united states u.s. markets are sure are going off especially on the high tech nasdaq and dow jones is up just point one percent right now. in russia wednesday's session ended in negative territory though the nice legs are managed to pare most of its losses by the end of the session it was the first trading session of the week because of a long public holiday second some of the individual stocks bucking the trend with banks they were supported by positive results from bank of america's burbank was getting one point three percent at the close on the my sex bank was the idea second tier stock it added seven point seven percent lower nickel and copper futures were weighing on metal stocks with north nickel shelling over three quarte

people like bank of america merrill lynch is a good client. talk about the middle east and how that will affect oil prices. >> how many people are there out there like you? >> it is a growth field that can out of nothing. ia ia ian bremer but the small boutique ted people like me, there are 20 or 30 of the out there. it is becoming a thing because you don't have to argue to businesses and government. we take the knowledge we have in the think tank that monetize it. then you can speak the truth. you are wealthy and you can be honest and i would never go back to a think tank that was part of the bavaria do you live in? >> i live in rosenberg which is in northwest bavaria. i am gone about half the time. i have about 20 people working with me directly and indirectly. you can manage quality with that low number. i don't have to check the footnotes. that is what i rely on. >> are you married? >> i am about to be. i will be married to a pretty german girl, hello eva. that is the reason i welcome back is because i love them what languages do you speak

rental company reports its three largers shareholders, two private equity firms and bank of america merrill lynch are selling 50 million shares to gold man sax. that came yesterday after the closing bell. the stock will open down about 5%. >>> all right. time now 5:22. time magazine named several politicians who excel at a new skill. and san francisco congresswoman nancy pelosi makes the top ten. >>> also why many oakland police officers are ready to find a new job in another city. >>> good morning. traffic is moving well on the san mateo bridge, but nearby there is a ramp that's closed partially because of a big rig accident. >>> good morning. few high clouds around. lows are in the 40s. low, mid to a few upper. end up with high clouds but sun, clouds and temperatures continue their upward trend today. low to mid-60s and a few upper 60s and few low 70s. >>> oakland police chief scheduled a news conference for 11:00 this morning. the chief is expected to publicly respond to the growing number of complaints of low morale in its department. some veterans officers say it's now hit rock bottom. the p

merrill lynch is a very good client, where i talk about the arising in the middle east and how it will affect oil prices, prince. brian: how many people like you are out there? >> it's a growth field. it came out of nothing. people like ian bremer and the u -- eurasia group. but the small boutique type people like me, 20 or 30 of them out there, varying degrees of being good or bad but it's becoming a thing because you don't have to argue to businesses and governments in the world that you don't know very much about. you take the knowledge of a think tank and monetize it. you can be both wealthier and more honest. brian: you live in behave aria. what part? >> i live in the north. i have to be near an airport because approximate i'm gone about half the time. the good thing about the low number is i can manage quality. i don't have to question them, check the footnotes and make sure the english makes sen. that's what i rely on. brian: are you married? >> i'm about to be to a very pretty german girl. hello, air ofa. i'm madly in love and that's another reason i probably won't come back. b

host: valerie, republican in merrill lynch republic -- and in maryland. good morning.ler: good morning. i think i agree with the guy who called about the speculator is. they play a big part in the market, but they speculate what they are going to foresee in the future. that is the part they played. there are three main parts to the oil game. i listened to palin the other night. she is telling us -- in our arctic circle we have 500 billion barrels of oil to be drilled. the government has locked up their lands and they will not unlock them. where does the government think that they get the priority to tell us what to do with our lands? this belongs to us. this does not belong to them. let them drill. host: ok, let's take a look at some more of the news. "the new york times" has a piece from $4 billion -- "the new york times" has a piece from tripoli. host: our question for you this morning -- should president obama open the strategic oil reserves? we're looking at some stories of what is happening in the middle east and north africa and what is happening here in terms of

if they ever failed, but we know in the past -- remember merrill lynch? washington mutual went down, j.p. morgan bought them. they are so big, could the government ever let them fail? that we have added to the problem. automobile companies are important to us, lots of jobs. we decided to go into them. now, do we have other non- financial businesses that potentially could think they are too big to fail? once you have an organization that things they are too big to fail, it is not just the taxpayers to bail them out. but once this happens, they adopt the following policy, which is, i am going to take a lot of risk and get a higher return. because if i hit, i make a fortune. if i miss, the cover but will bail me out. host: the oversight panel oversaw $700 billion. how complicated was this effort? walk us through their process. guest: there were 30 reports that came out. i am going to blink on a number, but there were some of the hearings. on c-span 3 right now, they are running one of our hearings. if you listen to that for 50 minutes, you get an idea of how

are you aware of the analysis done by bank of america and merrill lynch? they came to a different conclusion. how about citibank? they came to a different conclusion than you. wells fargo called the rules a light touch. raymond james also disagrees with your analysis. it seems to me that you are somewhat of an out wire -- out liar as to whether this stifles growth in the field. dr. greenstein, you have looked at the literature on this and did a literature. you. -- to the literature review. what was your consensus on the fcc order? >> it largely does not change the practice of most eyas peace -- isp's. >> i appreciate your company and the competition it provides in areas that needed. i notice hard for entrepreneurs to come to the committee and provide testimony and engage in policy matters. i appreciate the fact that you are here. i am confused by some things you have said. you have expressed support for open internet principles, specifically in comments you made in response to the second round of funding. you stated that rapid dsl fully endorsed the commen