morgan and other banks now a judge in new york recently dismissed a lawsuit against the collegial of wall street jamie diamond and his corrupt organization j.p. morgan for silver price manipulation in dismissing the case the judge did not say that the litigants had demonstrated that j.p. morgan could manipulate prices or they prove that they could manipulate prices and i showed them quite clearly have a company like prices but. the judge was saying that they had no incentive to manipulate prices so therefore there were they were innocent if the judge was presented with evidence of j.p. morgan manipulating prices he saw their thumbprints on the evil legal activity they had the knife in the back of the little old lady and doors twisting it and blood was gushing out over all and the judge said well maybe so but i don't see why they would do it so the medicine your thoughts now i'm not surprised max i maintained from the beginning of this debate about the manipulation and all the effort that's been done by several in the particularly in the silver side get as well they've done excellent

morgan chase was dismissed on friday of last week in manhattan and in the ruling on friday judge the only response of the united states district court in manhattan while acknowledging that her decision quote might be on expected granted the banks motion to dismiss federal antitrust claims and partly dismissed the plaintiff claims of commodities manipulation she also dismissed racketeering and state law claims and she dismissed the rico case because she said quote rico cannot be used in cases involving securities based on a provision of the private securities litigation reform act adopted in one thousand nine hundred five to curb abusive lawsuits abusive lawsuits against banks write down that one of these laws were passed after the same as a loan of the eighty's that whole scam where they stole billions from savings and loans they changed the laws so that when they did the same thing they couldn't be prosecuted and that's an example of it the most surprising thing about the statement is that a she said something to the effect of people would be surprised at the outcome of my ruling th

morgan a j.p. morgan asset transfer and i think when you look at it j.p. morgan. john corazon in my opinion has done j.p. morgan no favors in this m.f. global incident and a strong argument can be made that j.p. morgan was deceived by m.f. global executives all right now the m.f. global trustee just filed a lawsuit against john corps on what well this is where the criminal investigation mark hopefully the lawsuit brings out some of the criminality i delivered evidence and testimony to m.f. global executives and much of what i have put in front of people has yet to come out some of it's in the public domain which really sort of speaks to journalism you know there is evidence in the public domain in the national futures association actually referenced in a in a public document there's enough criminal evidence in the public domain to warrant a clear and robust investigation and the whole thing has been a little confusing to me i don't understand how a you know an investor. of officials could be quoted as saying the case is cold before they had investigated the primar

com david welcome back to the kaiser report max it's great to be back all right david morgan what's happening with silver what's happening the silver liberation army wants to know what's going on. well max we've had a very trying to year consolidation period since we hit the maximum price in this bull market so far around forty dollars in the end of april two thousand and eleven and looking at the long term chart before the show and you know we got to the twenty one dollar level in zero eight no we had the financial crisis of zero eight we got under ten and it took about two years for the silver to get back up to the twenty dollars level again i equate it to a similar process here we ran up from like nineteen all the way to forty eight in a few months it was a very very wonderful time for silver investors and then we peaked we had margin increases about four or five times the market finally was broken down and we've been in consolidation ever since and i guess been about two years i am still very bullish max and i think also that we're probably near the end of the bottom a process h

morgan and f. global and it appears to me that there was deception involved and there was downright defiance i have never seen the laws and the commodity industry been so disregarded for an individual or for company to receive warnings and there are documented numerous warnings that were received relative to this one particular j.p. morgan and j.p. morgan asset transfer and i think when you look at it j.p. morgan of course i mean has done j.p. morgan no favors in this global incident and a strong argument can be made that a p. morgan was deceived by. global executives all right now the m.f. global trustee just filed a lawsuit against john corps zein what well this is even aware of the criminal investigation mark hopefully the lawsuit brings out some of the criminality i delivered evidence of testimony to m.f. global executives and much of what i have put front of people has yet to come out some of it's in the public domain which really sort of speaks to journalism you know there is evidence in the

morgan and j.p. morgan asset transfer and i think when you look at it j.p. morgan. you know john corazon in my opinion has done. j.p. morgan no favors in this m.f. global incident and a strong argument can be made that j.p. morgan was deceived by m.f. global executives all right now the m.f. global trustee just filed a lawsuit against john corps zein what well this is even aware of the criminal investigation mark hopefully the lawsuit brings out some of the criminality i delivered evidence and testimony to m.f. global executives and much of what i have put in front of people has yet to come out some of it's in the public domain which really sort of speaks to journalism you know there is evidence in the public domain and the national futures association actually referenced it in a in a public document there's enough criminal evidence in the public domain to warrant a clear and robust investigation and the whole thing has been a little confusing to me i don't understand how a you know an investigative officials can be quoted as saying the case is cold before they had

morgan. >> it has rising earnings. >> elizabeth: mike you like it?almost all of their stores are in texas. i don't like that and they are having trouble collecting from the coust mergs. receivers are rising. >> elizabeth: mike? >> i go with ibm. they have done a great job by

the fabulous chairman and ceo of kinder morgan. rich, welcome back to "mad mone money". >> thank you, jim. >> this was the most bullish i've ever heard you on natural gas. you were not tinged by any sort of belief that it was not going to happen. this conference call, you were just plainout upbeat. >> well, i think it is. as i've said so many times before, and you and i have talked, the nice thing about natural gas is, it's domestic, it's cheap, it's abundant, it's here to stay, and we have, conservatively, i think over a 100-year supply. and i think you're going to see it increasingly viewed as the fossil fuel of the future. and i think it has a great future and if you look at our footprint, we have 70,000 miles of natural gas pipelines, almost 80,000 post copeno in all kinds of pipelines. so i think we're well positioned, as are some other companies, to take advantage of this tremendous uptick in natural gas usage. >> now, how did you know -- i mean, you're the guys who have already built -- you're building railroads. how did you

kinder morgan reported a good quarter last night. in-line earnings, better than expected revenues, up year over year thanks to higher volumes in its interstate pipeline business. plus, of course, they raised the quarterly distribution by a penny, now that you get that 5.77% yield. six consecutive quarters of higher payouts. this is the best-run company in the industry by the smartest person in the oil patch. the great rich kinder. and the stock is up 70% since i first started recommending this back in 2007. however, if you reinvest your distributions, it's 153% return. that is the power of long-term horizon, and i think the run can be far from over. let's check in with rich kinder, who pays himself $1 a year, by the way. the fabulous chairman and ceo of kinder morgan. find out more about the quarter's prospects. rich, welcome back to "mad money". >> thank you, jim. glad to be here. >> this was the most bullish i've ever heard you on natural gas. you were not tinged by any sort of belief that it was not going to happen. this conferenc

morgan. >> the cigarette maker is a best performing stock. paying five percent dividends. >> bill you like it. >> i am recommending the medical stock. i think it is sending business my way. >> hospital supply. >> yes, they make disposables that go in hospitals. >> it is susceptible to obama care regution. - regulation. >> that's it. thanks for watching. senator rand paul joining eric boling on cashin now. >> big brother helping to bust the boaston bombers and now new calls for more security cameras over america to help save us from another attack. is more surveillance japidizing our rights. >> are you okay for surveillance caras. >> hell yeah. >> the more the better. >> tell save liveless. >> more the better. >> keep us safe. >> it is better to keep us safe. whatever we have to do to keep the public safe. >> it is moreonstitutional not to have them but happy they were caught. >> what are lawmakers going to

morgan and wells fargo, on monday, it's city group and wednesday, bank of america. are we going to hear the same story, the same themes from the banks in. >> you bet, these two set the scene, because they are the two belt weather stocks. next week we will hear great trading and good investment banking but the spreads are down, mortgage banking is is down. >> looking at the recommendations, the bank stocks that you are recommending right now, you have city and wells far he go. let's start with city. investors had to be patient for a long type. how much longer do they have to wait if you buy the stock at $44 a share? i think you still have to be patient. it's the biggest restructuring story in the u.s. economy. we do think they will continue to post good progress on the restructuring, number one. and number two the mortgage banking is is not a big revenue item for citi. >> tell us the thinking with welli in s far go. long-term, you think it's a good buy? >> long-term, everyone is worried about the short-term mortgage banking numbers as you talk about. that was 19 of t

morgan because of the corruption between them and the u.s. government and their ninety trillion derivatives off balance sheet pile of debts and other flora and fauna of financial chicane. they're able to simply sell silver short sell silver naked short in the silver market in the silver futures market and put a lid or a ceiling on silver so reading trouble breaking through that civil ceiling however with good coin sense of j.p. morgan zavala since the government's not involved everything we see in the world is going wrong is now being reflected in big going going higher your thoughts. yes well as soon as. the soon after set of the man deposits on the back of the bitcoin because a lot played in value to about seven point two trillion dollars which is equal to all the currency in existence and that's why because of the ease of mobility of those currencies of the coin currency it will be preferred over the others right so the current market cap if you will a bit go and they number because in circulation times the current price is roughly a billi

morgan by silver talk a talk us through this bit coy. story about how you and it can be used as a medium of exchange but with the appropriate patient of software they can be used to make promises that if you could you could have a promise of a bit point in the future and not require any banking system at all. just be totally distributed ok well let's talk about the crash a p. morgan by silver campaign because the idea there was that j.p. morgan was short billions of pounds of silver if you took physical delivery of silver you would force them to cover their shorts and impair their balance sheet and blow them to smithereens now the issue there is that j.p. morgan because of the corruption between them and the u.s. government and their ninety trillion derivatives off balance sheet pile of debts and other flora and fauna of financial chicanery they're able to simply sell silver short sell silver naked short in the silver market in the silver futures market and put a lid or a ceiling on silver so reading trouble breaking through that civil c

morgan goldman and they feed him fish every day of the legal trading but he's got a lot of money in his pocket and he's to convert it into something that won't crash when the bubble he's inflating crashes so he buys a picasso some people buy gold silver bitcoin things that have intrinsic value real value and he's smart in that he's parting the money he steals and let me say i'm using this word literally steals as an eric holder would prosecute him if eric holder wasn't in stevie cohen's pocket looking as botox he put that money into something that's going to maintain its value i salute you stevie cohen of all the terrorists out there you are the primo to lock down the primo terrorist you're doing a fantastic job ok but i want to compare this to the american dream why it is like the dream it's called the dream rev picasso's now he was that he bought it from steve wynn the vegas casino magnate and he was due to buy a few years ago in two thousand and six for one hundred thirty nine million dollars which is sixteen million less than one hundred fifty five million isn't well what happened t

morgan to j.p. morgan asset transfer and i think when you look at it j.p. morgan. you know john corazon in my opinion has done j.p. . again no favors in this m.f. global incident and a strong argument can be made that j.p. morgan was deceived by a global executives all right now the m.f. global trustee just filed a lawsuit against john corps zein what well this is even aware of the criminal investigation mark hopefully the lawsuit brings out some of the criminality i delivered evidence and testimony to m.f. global executives and much of what i have put in front of people has yet to come out some of it's in the public domain which really sort of speaks to journalism you know there is evidence in the public domain and the national futures association actually referenced it in a in a public document there's enough criminal evidence in the public domain to warrant a clear and robust investigation and the whole thing has been to look infused into me i don't understand how a you know an investigative a fish can be quoted as saying the case is cold before they had investi

tracy morgan. check out ticketmaster.com for tracy morgan's show.ghly anticipated new album, "monomania," on may 7th. tonight, they are here to premier the title track from it, which is available on itunes right now. please welcome deerhunter! [ cheers and applause ] ♪ ♪ my only boy couldn't leave his lady well come on boy ♪ ♪ let me tell you that if you want to be with me ♪ ♪ i can be your home away ♪ ♪ come on god hear my sick prayer ♪ ♪ if you can't send me an angel if you can't send me an angel ♪ ♪ send me something else instead ♪ ♪ send my heart to the sea oh the empty sea well there's a light ♪ ♪ in the core and there's nothing left no more no more no ♪ ♪ if you can't choose me if you can't see well there's ♪ ♪ a light in my heart and it won't be there tomorrow there is a man ♪ ♪ there is a mystery whore and in my dying days i could never be sure well never mind ♪ ♪ and then they take me away and then they take you away ♪ ♪ they'll never take me away and in my head ♪ ♪ there is something rotting dead i can't compete ♪ ♪ with her let me be rele

and she shot officer morgan.nd they did escape. >> not wearing a bulletproof vest, officer morgan was killed. >> it was probably around about 9:30, quarter till 10:00. and we were just listening on the radio, which a whole lot wasn't coming over. but we all started realizing there was something majorly wrong. i was shocked. usually we don't show our feelings here at work. but on that day on august 9th, we -- not too many people had control. >> hyatte and his wife, jennifer, were apprehended 36 hours later and charged with first-degree murder. >> when officer morgan left here that day with the inmate, never thought that they wouldn't come back. but that's one thing that we do, our staff. they put their life on the line every day. >> anything can go on. ambushes can be set up. what happened to cotton, the unexpected, can really go down at any time. >> prison officials believe hyatte used a smuggled cell phone to orchestrate the deadly ambush. cell phones are now considered dangerous contraband at brushy mountain. >

morgan. both stocks are lower following earnings and we have becky to pretend it's the boyfriend shirt. >> in case brent muss berger is watching, that's all she's got. just that jacket. make sure you join us on monday. "squawk on the street" is next. >> and good friday morning. welcome to "squawk on the street." i'm scott walker and jim cramer live from the new york stock exchange. carl quintanilla is on assignment this morning. we do have breaking news we want to begin with. it has been reported that jc penney has hired blackstone for $1 million. blackstone is talking to banks to make a $500 million or greater five-year term loan to jc penney secured by inventory. blackstone is talking to three private equity firms who expressed interest in making an investment in the company. given where the stock price is currently trading it's unlikely that the company would look to raise equity now. it's my understanding that the time to raise equity would be later in the year once jc penney has time to

you talked about jp morgan. you get a chance to get into those names. i talked about, judge, about trash. they're buying trash today. they're buying coal names, buying gold, buying silver. that's where the institutions are committing new capital today. they're not chasing the things that were up big. they're instead buying the cheapest, you know, house on the block if you will. >> all right. our next guest is not surprised by today's pullback. in fact, he was preparing for it. remember this? >> i'm short the s&p 500. i don't think the economy looks as good as everybody's saying. i mean, shorting the s&p, i actually think you could probably short housing here. >> we're going to get you and dougie cass a cell for your bear suits. >> i'm worried one of our members who's an obvious bear is going to need a hug. >> that was brian kelly a week ago on halftime, joins us now on the phone. thoughts in a call you had there. how to you feel today? >> caller: well, i still want hugs, absolutely, but i think, you know, if you look at what happened today, you have to

. >> jon: morgan freeman. >> legend. >> jon: legend! whatever he's in a movie i always feel like "oh, everything will turn out." >> yeah. >> jon: because i feel like morgan freeman wouldn't let bad things happen. (laughter) >> no, no. >> jon: he's that type of dude. >> he's got that kind of presence. i've been wanting to work with him forever. >> jon: this is the first time? >> first time. and i admire his work so much. did you ever see "street smart"? >> no. >> incredible. it's his first -- >> jon: forget about "oblivion." "street smart." oh, that's right, i'm supposed to be promoting "oblivion." >> jon: "street smart" with morgan freeman. it's on netflix. (laughter) but he can do everything. >> i blew that, didn't i? >> jon: not at all. and everything that he does -- there's a quality to it, a humanity to it. he's one of those guys you always feel like there's a humanity to each character he brings. >> no matter what the character, good guy or bad guy. he's just that voice, too. and i think -- i don't want to give it away -- >> jon: g

morgan since obama calls it well managed for wall street bank how many croyde makes well managed it's really really bad they had entire teams of untrained college students who were known within j.p. morgan chase as the burger king kids because they'd get takeout hamburgers and sit down and generate these false statements in order to facilitate foreclosures that was done thousands. upon thousands of times you worked. street give us some insights they'd sell them some trashy investment and then they'd hang up in the expression was i ripped his face off this is their own customers when the oliver stone movie wall street was made and the main hero who you may remember gordon gekko played by michael douglas oliver stone wrote him up as a billiard villain but he was a very popular figure on wall street to the guys there he was a hero and when i did stock real estate speculation. you got ninety percent of the american public out there with little or no net worth i create nothing. i. will blood job over a thousand top because in the ninety's during the last bank crisis. how many buying cars s

. >>> morgan stanley takes its turn on reporting today. we'll have expert analysis out of cincinnati. >>> and president putin threatening to fire ministers for failing to support the faltering russian economy. geoff cutmore is still live at the 2013 russian forum. he'll speak with the former president of the czech republic when we come back. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business >>> welcome back to the program. here is a look at how stock res trading, to the up side. we are seeing increases throughout the trading session. yesterday was a different story. we started out okay and rapidly sold off. germany in particular was weak. eegan jones d

so this is morgan hill. it's a rollover accident and we understand the car is on its one of our live traffic sensors in the area still picking up 65 miles per hour. most of the activity is off to the shoulder. mass transit, we are just hearing about some ace train number three delays. there was some earlier freight train traffic so got kind of a late start out of stockton. so again, just about 10 minutes behind schedule but bart, muni and caltrain are all reporting no delay. that is your traffic. back to you guys >> thank you. >>> and if you shop in san mateo county, say good-bye to single use plastic bags. a ban goes into effect today in most areas of the county. kpix 5 reporter cate caugiran is in menlo park this morning with details on how that ban works. good morning. >> reporter: good morning, michelle. we would like to mention that this ban starts off on earth day. so it's an appropriate move for san mateo county especially here in menlo park, where city leaders say people 7 million plastic bags each y

loan growth - jp morgan, i mentioned - is slowing down. and the margins remain tight for all of these banks. on the positive side, the capital markets, business trading, investment advisory, all of that is doing very well. so that bodes well for pure play investment banks and should be a recurring theme in the coming weeks. - good to have you on the show. that is sheraz mian of zacks. have a good day. - thank you. up next, in the wake of yesterday's panic sellng, is it time to jump in and buy, or better to stay away? matt shapiro has some thoughts after this. i wanted to be in the military since i was a kid. i served a total of 16 years. and at 19 years old, that's the first time i ever saw somebody die. coming back, i was raging. i started having pretty horrible nightmares. i started drinking a lot. i guess i never recognized it in myself. it all starts with going to the va. there's a whole community of veterans that just want to help you out. it's for the guys who couldn't come back, you owe it to them to live well. because they're not h

he has finally absorbed the morgan keegan accusation.t does he really think about today's number, how it affects his business, his stock of 23% year over year. all of that and much more, including a tampa business that is clinging to the hopes of one particular team that made all the way to the final four. they are called majestic. bake the jerseys. they make mlb jerseys and all kinds of t-shirts. stay tuned. it is the final four story of the year. it is the story from tampa. ♪ @ liz: welcome back. we are live on the raymond james trading floor. it is also, in a way, a museum. pieces of art are displayed throughout the building. they have turned this place and a virtual museum. one of the largest collections of contemporary and native collections of art. let it all the way to china and the new york stock exchange. nicole: by the way, it is very cool. i like that aren't there. we are looking at the chinese airline. look at what is happening. found a purse. people are now more nervous. we see these down arrows. liz: thank you. paul ri

the president of morgan stanley wealth management. and vice chairman of morgan stanley. individuals and those who have sets of 100,000 to invest. it probably tells you about where people have been looking and trying to put a lot of money what they're feeling about things. >> we periodically go out and talk to investors and we call these pulse checks to see how people are feeling. as you said, we talked to 1,000 investors with liquid assets 100,000. and a third more than a million dollars. investors on balance are more optimistic. they are starting to invest more in assets and instruments where they're reaching for yield, equities, et cetera. they remain more cautious than they might typically be at this point in the cycle with the kind of market we have had. >> probably not surprising when you realize what we have been through in 2008 that people are gun shy. the problem is if they haven't commit thad have they missed out on a big part of this run or do you think there's more room? >> the other thing i would say is u.s. mutual funds have turned positive in 2013 as well.