were you ever in doubt that mitsubishi would show up with that money?t was a terrifying period of time. the series of events was there was the hman brothers famous weekend, followed by a call i got from the federal reserve, saying--we had worked on-- we collectively had worked on the wrong thing; we needed to focus on aig and asked me to get back down to the federal reserve that sunday evening. they said aig would be out of money by wednesday. in fact, it was tuesday when they were out of money, and that's the point at which morgan stanley was running into its own very severe liquidity crisis. john mack had us run multiple teams. we had the mitsubishi team, we had a liquidity team, we had a couple of other strategic ideas, and, frankly, we weren't confident that we would get across the finish line with mitsubishi. there we plenty of times along the way where it was unclear whether we would make it through the weekend. i remember one, in particular, where i was on the phone with the treasury and did not think we would make it through the weekend, and for

david: it turned out to be a good investment for mitsubishi, because you're stuck is flourishing.hat happened do you think wall street learned any lessons? do you think this could happen again where you have a norma's liquidity problems and wall street -- enormous liquidity problems? john: the business of wall street has not changed much, but the scrutiny on capital is very focused. i think the fed does a much better job of paying attention to the liquidity of these investment banks. i think wards of directors have elevated -- boards of directors have elevated risk management. going through the near-death experience we went through and other firms did die, unfortunately lehman brothers. boards focus on risk management. it is not about what deal you did. it is about liquidity and solvency. david: after this happened and morgan stanley comes back and has done quite well, you decide to retire. you handed the reins over to james gorman who had not been a lifer at morgan stanley. in fact, he came from merrill lynch. he was a consultant. it was that controversial to give it to him? john

david: it turned out to be a good investment for mitsubishi because your stock has flourished since thendo you think wall street learned any lessons or do you think this could happen again where you have enormous illiquidity problems or liquidity problems and that wall street has changed very much? john: i think the business of wall street has not changed that much, but the scrutiny on capital and capital solvency is very focused, and i think the fed does a much better job in paying attention to the liquidity of these investment banks. i think boards have elevated investment to another level that never existed when i was there. going through the near-death experience we went through -- other firms in some cases actually died, like unfortunately lehman brothers. boards focus on risk management. it is not about what deal you did. it is not about we are going to open another branch office. it is about liquidity and solvency. david: after this happened and morgan stanley comes back and is doing well, you decide to retire, and you handed the reins over to james gorman who had not been a lifer

well, this imprint gives us, well, yes, our city is full of suvs mitsubishi volvo mercedes lexus suv, i saw everything out of dozens, when i was driving to work alone, even the bastard cut me, only mine was in the yard of mazurin's partner, every second suv. let's check the wheels of the karadam car, suddenly a miracle will happen. and your magical defect will be on his wheel. this is unlikely. i 'll call the ants now. let him issue a warrant to inspect the karat car, and you single out one of your forensic eagles. let them fly to check everything, as it should, huh? orlyk criminologists are busy, so i'll go myself. maybe only a miracle will be able to join? life is such that we cannot understand it. and the trouble is for anyone, the door can knock if you are nearby. and he helped without asking for a reward. so you followed the call hearts. not afraid to lose you. it 's never too late to take a step to live like it's always too easy to remain silent and pass by, arguing behind someone's back. how many of us have so many different destinies , the path will never be easy. take a look

my boyfriend and his director of the company called and financed the desire to buy a car mitsubishi l200hbor's wife accidentally met him and started a conversation about the fact that we need a car. he gave the number phone number of the baltic fund where his daughter works and after 3-4 days the car was already iveco truck was at the border my wife posted on facebook that we need cars for the unit and in the course of a week they collected something like 140 or 160,000 hryvnias for these funds bought a mercedes ml which is also now the first time since independence, ukrainians have started to read more books of their native nightingale, this is the results of the research of the institute of books for the past year from their side and the espresso book award, the readers' choice, for the fifth consecutive season, attracts young and old compatriots to read ukrainian books, as a result more than seven thousand readers took part in voting for their favorite book. unfortunately , people do not read much, so i would say that such contests attract people to libraries to read, to study our lan

toyotaairs and continental have suspended investments or reduced the activities of bmw groups, mitsubishilvo, suzuki, caterpillar. japanese kawasaki among the hotel chains decided to stay well-known brands such as radisson interstate bellman and fletcher continue to operate hotels of the hilton chain even though corporate offices are closed supports ukrainians is winding down investment projects in russia, but the hyatt network has not stopped working there in the field of electronics, there are definitely about 70 brands left among them philips, xiaomi, yamaha is burning, casio and fujifilm seem to be reducing investments huawei and lenovo and samsung and bosch are reducing their activities, not poor russians will wear clothes from giorgio armani guess gucci diesel lacoste and trussardi remain in the entertainment market online casino 1xbet pornhub and warner brothers also still work brands avon and mary kay new yorker and collins in aikiki and tom ford, gillette big, and zippo are reducing but not ceasing business, gap house brands, crop and mango in the financial sector have remained w

like it already did it with the return crossover mitsubishi outlander 200 will be unified with the nissansoline diesel versions of engines are expected, as well as a hybrid premiere is scheduled for the next 2023 , and our third hero has gone far from the usual image of a utilitarian electric pickup car. the rd-6 radar from the sub-brand lived is designed for young, advanced outdoor enthusiasts. it has a lot of luggage compartments, a charging pad for gadgets and household appliances and a line of branded accessories, including even surfboards. the electric motor is one with a capacity of 272 horsepower, the battery allows speaks on a single charge up to 600 km later, under the radar brand, it will release a whole line of electrical equipment, including suvs and an atv. well, rd6 promise to officially present in the fourth quarter of this year more good and different pickup trucks, as they say , manufacturers need a time-tested one. workhorse, please want a premium model no question. and even advanced fans of electric cars will find something of their own. ideal product she is now in a st

manufacturers toyotair and continental have suspended investments or reduced their activities, bmw group, mitsubishi, suzuki, caterpillar, i love and michelin in the military industry cooperation with the terrorist country is continued by the well-known american brand safety and the japanese kawasaki, among the high-end networks , well-known brands such as radisson have decided to remain interstate bellement and fletcher hotels continue to operate hilton hotels, although the corporate offices are closed, supports ukrainians, curtails investment projects in russia, but the hyatt chain has not stopped working there in the field of electronics, there are definitely about 70 brands left, among them philips, xiaomi, renny, yamaha, casio and fujifilm seem to be reducing investments in huawei and lenovo and samsung and bosch are reducing their activities, not poor russians will wear clothes from giorgio armani guess gucci diesel lacoste and trousers in the entertainment market remains online 1xbet casino pornhub and warner brothers are also still operating avon and mary kay new yorker and collins waikiki a

toyota has left now from the russian federation, nissan and mitsubishi toyota are one of the largest manufacturers of weapons, this is both a rocket and the space industry, this is an opportunity for our industry. look for those partnerships where we share values, unlike china, and where we can get technology. well, japan will be is going to increase its defense budget by three times . therefore, we need to think about the prospects and the recovery plan - this is the same as the plan of military effort with all the... we will definitely get in touch with taiwan and you will tell us what the situation is like there, how will you communicate , maybe in south korea already well, we will definitely find you there already near southeast asia and promise us thank you thank you very much very nice gubko people's deputy of ukraine of the 8th convocation chairman of the board of the public association, the network for the protection of national interests, she is now in warsaw, served in the united states, is now going to southeast asia, there, taiwan, and then south korea, and so on. it is v

here is volodya goryachiy klyuch outbid buyer mitsubishi buyer of cars outbid, vova also succeeded. belkin's phone number solid cars separately sets of wheels. only according to rough estimates for 2015, at least 45 cars with this information were sold from belkin's account. we again went to vladimir belkin, but he simply explained that few people in a small town know how to use the internet. i advertised these are friends. so you're just from friends? yes, just friends. yes, they asked me for internet. i kind of, well, am friends with this and posted it, just in a friendly way of course, there are no laws prohibiting the resale of a car in our country, and resellers. even experienced ones, theoretically, can also get into an unpleasant situation with credit cars. but vladimir belkin is already preparing a retaliatory step, he wants to initiate a criminal case against the second owners of the problem and toyota, because, as it turned out, they knew exactly about the loan, they warned that the question was also dealt with by law enforcement officers. pavel kuznetsov natalya popova an

was to eliminate competition at home between japanese companies like fujitsu, hitachi, toshiba, mitsubishiment behind them to pet all of japanese attack against ibm. but despite its size, some argue the company's no longer innovative. argue the company's no longer innovative-— innovative. the unique advantage _ innovative. the unique advantage is _ innovative. the unique - advantage is a relationship with government. without that, they are not. if this is a really open, free market, they should be eliminated ten or 20 years ago. in should be eliminated ten or 20 years age-— years ago. in the uk fu'itsu is one of years ago. in the uk fu'itsu is of the i years ago. in the uk fujitsu is one of the government's - years ago. in the uk fujitsu is one of the government's top i one of the government's top five it contractors. the government _ five it contractors. the government is - five it contractors. the government is tending | five it contractors. the i government is tending to five it contractors. tue: government is tending to go five it contractors. tta: government is tending to go for large

space, credit suisse considering a deal potentially with mitsubishi ufj around its portfolio of loansstateside story remains in focus as bailey up to that all-important restructuring plan in over a week's time. francine: the dollar inching up as investors weigh up earnings prospects against rising rates. began continues to tumble to 150 a dollar as banks look for any sign of intervention. we are now joined by john hardy, head of fx strategy at saxo bank , we could speak for three hours on sterling but we are going to talk a little bit about yen. we are back to the inflation fighting conundrum, or could we see a massive things again -- mess of things again? john: sterling looks relatively stable, the recent volatility with the response and the removal of the chancellor with a strong message, we will unlikely see the return of the volatility since the incident. but the external deficits and those drivers are not going away anytime soon. if you tell me we are going to solve the energy situation for the u.k. europe, sterling could stabilize versus the dollar but i am afraid the dollar has

as it has already done with the crossover mitsubishi outlander, the two hundred will be unified withmiere is scheduled for the next 2023 , and our third hero has gone far from the usual image of an electric pickup truck. the rd-6 radar from the sub-brand lived is designed for young, advanced outdoor enthusiasts. it has a lot of luggage compartments, a charging pad for gadgets and household appliances and a line of branded accessories, including even surfboards , an electric motor with one power, 272 horsepower, the battery allows it to speak up to 600 on a single charge. km subsequently, under the radar brand, it will release a whole line of electrical equipment, including suvs and an atv. well, rd6 promise to officially present in the fourth quarter of this year more good and different pickup trucks, as they say , manufacturers need a time-tested one. workhorse, please want a premium model no question. and even advanced fans of electric cars will find something of their own. and then the perfect product. you are in a hysterical state eat your daughter will eat a dietary egg in her n

mitsubishi's financial group will look at expanding its u.s. business.an's biggest lender is also betting bundles for the swiss banks global loans in various sectors. credit suisse is racing to raise funds with over one week to go until the unveiling of a critical turnaround plan. and asml says its fourth-quarter sales would likely be higher than analyst estimates as demand remains strong for chipmaking machines. they were a boost to the dutch company, who finds itself with growing tensions between washington and beijing. that is your bloomberg this is flash. alix: let's get more on asml. we are joined from amsterdam. i was surprised at how well the outlook was and how much earnings did hold up. i was under the impression that the global macro environment would be tough, and the u.s. and china trade relations when it comes to chips would be rough. what did we learn? >> asml had a strong quarter on the back of continued strong demand. we saw that sales expectations for the fourth quarter and this quarter eat analyst estimates. a.s. -- beat analyst estimat

apparently some guys went into a mitsubishi dealership over in jamaica, queens. to 20 cars over the next couple of days they stole 20 cars. the worry from the police is think are going to use these 20 cars as get away vehicles to ride around the city doing gunpoint robberies at smoke shops and on street corners so if a car pulls up to you on a street in new york city, you don't know if that car is stolen. you don't know if that guy has a gun 20 cars are missing and positive they are going to be used for a crime wave are just thinking it's bad it's not really bad. station cleaner says it's sad. it's the new normal. he has worked there for 15 years. he says i have worked here half my life. if it's not a subway surfer, it's a fight. if it's not a fight it's a stabbing or shooting. you can decide how want to believe. >> i hear you. >> just the facts, ma'am. >> brian: 26 minutes after the hour. still ahead a crisis coreup. the white house reportedly pressured the democratic mayor of el paso to declare a state of emergency over immigration to not declare a state of eme

mitsubishi financials is considering loan acquisitions from credit suisse.iggest lender in japan is considering the global loans in various sectors and suites is looking to raise funds with just over a week to go until the unveiling of a critical turnaround plan. the global smartphone market has its worst third quarter since 2014. economic headwinds are pushing consumers to delay personal electronics and shipments of smart phones fell 9% in the three months -- in the last months which is a decline that has lasted most of this year. global news, 24 hours a day and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am lisa mateo this is , bloomberg. ♪ - in the last two years, we quadrupled our team and the pace we're growing, i couldn't keep up without ziprecruiter. they do the legwork and they get my job posting in front of the right candidates. i love invite to apply. i instantly see great candidates and i can invite them to apply. we have hired across all departments, engineering, marketing, hardware, fi

and so that we can say is not mitsubishi demling a robot that lets a user see and control pressure toick something up so things don't get crushed. so it's very easy to ponder are easy to it could open up new work from home jobs. my swing may just break day. i just soon showing off convergence technologies, which can compare body movements. the proper form he >> thousands of tiny lasers to really precisely a monitor where her son is is this sign collects data on who saw the ad identifying your age and gender to get it right. >> it's called the site field and they promise it's >> and then finally, some stuff is just fun like this. 360 degree. virtual reality set up from 4 you want to do. >> sometimes the innovations are small. like a foot pedal for hands. free hand sanitizer, japan just reopened to visitors last week. so they're still taking lots of precautions. but everyone i spoke to here said they're very excited to be back in person. want to see some more. my finds from here at seatec twenty-twenty to find me on instagram. i am at rich on tech in tokyo, japan. i'm rich demuro and yo

and so that we can say is not to mitsubishi demling a robot that lets a user see and control pressurehed. so it's very easy to ponder are easy to it could open up new work from home jobs. my swing may just break day. i just soon showing off convergence technologies, which can compare body movements. the proper form he >> thousands of tiny lasers to really precisely a monitor where her son is is this sign collects data on who saw the ad identifying your age and gender to get it right. >> it's called the site field and they promise it's >> and then finally, some stuff is just fun like this. 360 degree. virtual reality set up from 4 you want to do. >> sometimes the innovations are small. like a foot pedal for hands. free hand sanitizer, japan just reopened to visitors last week. so they're still taking lots of precautions. but everyone i spoke to here said they're very excited to be back in person. i want to see some more. my finds from here at seatec twenty-twenty to find me on instagram. i am at rich on tech in tokyo, japan. i'm rich demuro and you are tech smart, pulas jobs. always tr

and so that we can say is not only sources mitsubishi demling a robot that lets a user see and controlssure to pick something up so things don't get crushed. so it's very easy to ponder are easy to with it. could open up new work from home jobs. my swing may just break day. i know it's that just soon showing off convergence technologies, which can compare body movements the proper form. he >> thousands of tiny lasers to really nicely a monitor where her son is is this sign collects data on who saw the ad identifying your age and gender to get it right. >> it's called the site field and they promise it's >> and nothing. finally, some stuff is just fun like this. 360 degree. virtual reality set up from 4 you want to do. >> sometimes the innovations are small. like a foot pedal for hands. free hand sanitizer, japan just reopened to visitors last week. so they're still taking lots of precautions. but everyone i spoke to here said they're very excited to be back in person. i want to see some more. my finds from here at seatec twenty-twenty to find me on instagram. i am at rich on tech in to

we've got mitsubishi ufg financial down about 1%.ixed bag of results as we mentioned from the likes offer wells, citi, jpmorgan, morgan stanley, everybody higher, except morgan, now down 5%. well, all of these names, if they beat, still was overshadow ed by the fact just about all of them saw profits fall year-over-year, with more financial titans on deck to release quarterly reports next week let's break it down with rbc capital markets u.s. bank equity strategy head of banks gerard cassidy. great to see you, gerard. which one of these four that came out today do you like the most and what is the problem with morgan as you see it? >> sure, well thank you for having me on the show, and i think one of the big trends that we saw before the big banks, citigroup as well as jpmorgan chase, we started with wells fargo, and pnc, and u.s. bancorp , you didn't see it with morgan stanley, but the big start to the banks is the rise in short-term interest rates, and the impact that's having on their net interest margins. these margins are growin

was to eliminate competition at home betweenjapanese companies like fujitsu, hitachi, toshiba, mitsubishihe company is longer innovative. their unique advantage is the relationship with the government. without that, they are not competitive at all. if this is a really open, free market, they should be eliminated 20 years ago. in the uk, fujitsu is one of the government�*s top five it contractors. the government tends to go for a small number of very large contracts. that favoured very large suppliers, often international firms like fujitsu. fujitsu officials in tokyo declined our interview request, saying that it�*s a matter for its uk subsidiary. fujitsu uk has said it has been cooperating with the current inquiry and is committed to providing the fullest and most transparent information. as the company comes under scrutiny in the wake of the post office scandal, the question will be what the challenges facing it globally will mean for its future. chris trousdale was one of the country�*s youngest sub—postmasters when he was prosecuted by the post office and advised to plead guilty to fa

. >> the chinese are leaving we're talking to mitsubishi. >> i got to go get me a japanese translatorell tim guyger to [ bleep ] me i'm trying to save my company. >> it features john mack john mack out with a new book titled "up close and all in", lessons from a wall street warrior. we talked about those moments during the 2008 financial crisis >> tim said, look, i want you to call jamie dimon, he'll buy your firm and i said, well, look, i believe the japanese are going to come in and put money into it he said, you can't wait for that i want you to make the call. he kept pushing me and i finally said, i won't do it. i'll take the firm down first and i hung up on him and literally my board [ bleep ] their pants on that move and i tell you, i can't -- i don't know what caused me to do it i just thought it was just the wrong thing to do. >> there's a moment in the story in september of 2008 where your secretary is telling you that tim is on the telephone and you told her what? >> she came and said tim guyger is on the phone and wants to talk to you. i said, tell him i'll call him back sh