it's 72 feet high, 160 feet long, and it's made by mitsubishi.ster, general manager of mitsubishi's electronic diamond vision systems. mark, thanks so much for being here. how do you build such a thing and how do you assemble it here? >> this was an incredible project for us. thanks for having me here, darren. we started this about two years ago with this project and the design and engineering. we built it some right up in pittsburgh, pennsylvania, at warrendale, our factory there, and the rest came from nagasaki japan. en exciting project. it took us six months to do the entire installation and about six months to fabricate the screens. >> okay. so i have to ask you about this. in the preseason people know titans punter who is now former titan punter a.j. hit the video board and there was a whole controversy. they decided they weren't going to raise up the video board at all. >> right. >> a lot of mitsubishi mentions. how was that for you guys? >> you know, we enjoyed all of the publicity around that. obviously it allowed a lot of people around

it is going to build electric vehicles with mitsubishi confirming an earlier press report. the cars will be faced on an existing mitsubishi model and will be put in the market under the peugeot citron. production should start in october next year and that could be the first step towards a greater cooperation between the two companies. renault is up nearly 5%. also in focus today, eads. we are expecting later this morning or this afternoon the ruling from the world strait trade organization regarding the government subsidies in europe. the ceo of eads says airbus has a very strong case, denying reports from the wall street journal saying that this ruling was lickly to conclude that the subsidies from european government for airbus were illegal. also gave some indication about levels for airbus this year. as many plains as in 2008, which is a positive statement. the stock is up for 2% right now. adam, let's have a look now at the asian markets. >> thank you very much, stephane. the asian markets ended the friday session pretty mixed. . for japan, that market may have lifted.

the mitsubishi deal certainly helped a great deal, but there were almost there and now of course they are far from that edge. they're not taking nearly as much risk at this point, but it's certainly a mixed bag. he took on too much risk and, you know, a long time rival of goldman sach's, i don't think anyone would argue the distance between the two has not increased as goldman has done so much more on the environment. >> given that gorman has no track record as a trader, do you think that morgan stanley is going to not be able to take on more risk? >> i think the bigger sque whether this transforms the company frankly into something that ice different. i think gorman is really a brokerage guy. they have a nice bench but it's not a huge bench. and the investment banking and trading is probably going to -- it's going to take a different dynamic. and i don't think we may be speaking about morgan stanley necessarily in the same breath as goldman sachs historically. >> so morgan stanley going to merge with somebody? >> who knows. all these guys are in play. and as david was saying so well,

mitsubishi ufg, looking strong. moving on to the brokerages, we had a solid session for them, as well. after the bell, we had news out that daiwa securities is ending its relationship with sumito financial. sumitomo is going to provide loevens to daiwa in order r in order to take them out. overall, it was a positive session. good morning, mike. >> good afternoon, adam. u.s. investors will get a pair of economic reports before the opening bell. weekly jobless claims are out at 8:30 new york time. also at 8:30, july trade deficit numbers he will be released. the gap is expected to have widened. dennis lockhart will be in florida at 12:30 in the afternoon to be in the u.s. and the global economy and at 4:30 in the afternoon, fed vice chairman donald kohn will take place in a panel discussion in washington. and treasury secretary tim geithner will go before the comingal panel overseeing the t.a.r.p., testify background the government appears handling of the $700 billion financial bailout program. speaking of geithner, h

so mack did a good job getting $9 billion from mitsubishi. will it be there, not be there? >> afraid they would welch. >> he was loud and vociferous people were trying to destroy the firm. it should not be destroyed. he did st. patrick's up to the plate and say that the best he's going to be remembered for is saving the firm. that's going to come with the caveat the timing on getting into these areas was totally wrong and you almost got yourself -- >> wasn't as big in buying and packaging as lehman, not as big as bear stearns, merrill, but that was right up there. that was a decision made like so many other firms inability to understand the full risk being taken on. they didn't buy all the worst mortgages. we've done a lot of work on this but they bought plenty of them. they were huge creating mortgage-backed securities and took losses like so many others and didn't avoid them as did goldman sachs. morgan stanley would put goldman sachs in their sights and say we're equal, in a competition that will continue for some time. now it seems as though that has changed. goldman is

feels great about the work he did during the credit crisis, notably securing a investment from mitsubishi, helping to stem what had been a dangerous flag for morgan stock. still ill-timed decisions by mac like increasing the exposure to mortgages and hedge funds ahead of the crisis, some say those are marks on his career. melissa, back to you. >> mary thompson, thanks so much. let's bring in david faber. thanks so much for coming out here and joining us. how do you think history will judge john mac. >> he's been around for a long time. i remember him as a lieutenant at morgan stanley, well regarded in the investment basicing world, but you have to say it's a mixed record, given the stresses that morgan stanley has gone through in the last few years. could he have done a better job in terms of mitigating the risk when it plunged headlong into the mortgage market like so many competent torts. but not nearly less enough. and, of course, took significant logging as a result. that being said, the firm is still here. when many thought a little less than a year ago that might not be the case. so

higher oil price boosted oil and gas companies which gained nearly 4% and trading houses mitsubishi both rose over 1%. the market is mindful of the launch of japan's new government scheduled next week. the democratic party of japan finally reached an agreement with two smaller parties to form a coalition today and now is set to move towards transition. the two parties, though small in size, has a grip on the dpj. the dpj can't command the majority in the upper out house without their alliance. that's all for the nikkei report. >> thank you very much. >> still to come on "worldwide exchange," the fed's beige book is out today at 2:00 new york time. will it shape the u.s. trading day? before that, here is a look at how the u.s. futures are shaping up and they're pointing to a fractionally lower open. >>> welcome back to cnbc's "worldwide exchange." here are some of the top stories would he we're watching from around the world. new york attorney general andrew cuomo may charge for executives of bonuses that it charged before the company's merger. cuomo is using b of a as using a defense to

. >>> and it's been a year since mitsubishi ufc rescued morgan stanley. northan stanley stock has recovered from $6 to nearly $30. the partnership has opened doors for mufg abroad. but for mufg, the key goal of integrating the two brokerage units in japan has yet to bear fruit. that was the nikkei business report for today. >> thank you very much for that, ken moriyasu at the nikkei. >> still to come on "worldwide exchange," what would you do with extra $50 million? that's what about 300 directors and executives at credit suisse are asking themselves this morning. we'll bring you the detail of why, right after the break. tdd#: 1-800-345-2550 if i'm breathing, i'm thinking about trading. tdd#: 1-800-345-2550 i always have my eye out for a stock on the move. tdd#: 1-800-345-2550 doesn't matter if a company sells computer chips tdd#: 1-800-345-2550 or, i don't know, fish and chips. tdd#: 1-800-345-2550 i'll look at all kinds of stocks before i settle on one. tdd#: 1-800-345-2550 if i think i'm onto something i'll check it out, tdd#: 1-800-345-2550 you know,

this work he did during the credit crisis, notably securing a $9 billion investment from japan's mitsubishi last september, critics say ill timed decisions like ramping up risk in proprietary trading and expanding exposure to mortgages on the eve of credit crisis are blemishes on mack's career. you want to stay tuned on cnbc because mr. mack will be our guest on "power lunch" at 1:00 eastern time today. back to you. >> thank you, mary. we will all want to see john mack this afternoon. now, let's go back to the fabled one, david faber. good morning. >> good morning, erin. well-done last night. following up on mary briefly and then getting to fedex as well because that's a developing story this morning. it will be interesting to see, of course, what morgan stanley looks like in the future. you know b, as mary said in that report, it has not performed as well as some of its rivals. chief amongst them, goldman sachs because of taking risk down. but ultimately time will tell. here we are one year after lehman brothers went bankrupt and the -- well, just the huge tomult in the market after that a