morgan stanley that is more than 15% below tangible book value and tangible so it's undervalued. they don't own your car loan or mortgage. they may have asset-backed securities with mortgages underlying them but it's a well managed risk-aversed company the baby is being thrown out with the bath water. >> tom: compare that with a bank that issues a lot of those loans where think the concerns are justified bank of america the lowest since spring of 2009. >> there's a lot of hair around that one as we say. bank of america has a lot of mortgages. they're trying to integrate merril lynch and you want to be patient but morgan stanley you can jump in feet first. >> tom: we've got viewer questions. stand by the first one from doug and says intel with the recent goldman sachs downgrade do you think it's a buy it's paying more money to shareholders and back in may goldman sachs called it a sell. do you agree? >> i disagree intel is a sell. intel is an excellent well-managed company. you have the dividend yield and the concern is more short-term. it has to do with inventtory starting to inc

morgan stanley increased its outlook and price target. the company will be splitting off its coal unit and selling other assets, so morgan stanley figures it will pay a special dividend of up to $20 per share. packaging stocks were in focus after last night's hostile buyout bid from international paper for temple inland. temple inland shot up 40%, but still below i.p.'s buyout offer of $30.60 per share. temple inland's board adopted an anti-takeover stock plan today. i.p. shares were also up on the strategy. meatwestvaco, another packaging maker, saw buyers leading the s&p materials sector with this 3.4% rally. the stock was at a 52-week high just last month, and is up 47% over the past year. it wasn't alone in the industry. packaging corp of america rallied 6%; boise was up more than 5.5%; and weyerhaeuser jumped 5%. all of these have been trending lower, and today's buying came on heavier than usual volume. three dow industrial stocks hit new two-year lows today. bank of america continues sinking, down another 1.7%. cisco stock dropped

citi added more than 3%, and morgan stanley rose almost 5%. citi settled a deal of its own involving citi's custody of assets of lehman brothers international. morgan stanley stock was up despite a "bloomberg" report the bank's bond-trading group lost millions in a wrong-way inflation trade. all of this spilled over into mortgage bond insurers too. analysts think m.b.i.a. may be in line for some money. it's stock jumped almost 11%. assured guaranty settled with bank of america this spring. its shares rose 7% and radian rallied more than 5.5%. another in line for the settlement money may be life insurer met-life. investment bank sterne agee thinks met-life could get $200 million. shares were up more than 3% on stronger volume. this is met-life's highest share price of the month. we saw a big late-day relief rally in shares of visa and mastercard. as we mentioned earlier, the federal reserve proposed allowing banks charge 21 cents to retailers to accept debit cards. that was higher than first proposed, helping spark this rally. both mastercard a

goldman sachs morgan stanley citi group and some others with deregulating the very very first move to deregulate the only market the oil futures market in one thousand nine hundred thirty eight and you know the infamous enron loophole they actually helped write so i think it would be appropriate to call the koch loophole in two thousand so if you look at the history and look at the players involved coke is a central player in the oil speculation market they're not the only one but according to their own documents other one the top five speculators in the world just to establish this for viewers so they understand we're talking about the different can you lay out the difference between a bona fide hedge hedge or you know somebody who's actually buying or selling oil or food or whatever it is some commodity because they're going to sell it or use it or the producer of the game consume it and a speculative headroom. sure for the past hundred years or so there's been an interest market and that's started in the agricultural. markets because farmers didn't know you know because of weather

the guy at my regular investment firm, morgan stanley, all they would say to me is, i tell you, he is a great stock analyst. tavis: since you are doing these four specials every year for cnn, why not ask bernie madoff? >> we have been trying. tavis: so, you do want to talk to him. >> i had lunch with his lawyer. we have permission from the prison. this is ok. if he says okay, we can bring a camera. tavis: another question that i have been dying to know is what you would say to him. you would be the guy to get the interview. what do you ask anthony wiener? >> i never thought about an interview when i went in to do it. people don't believe it, i would turn to the camera and say, my guest is tavis smiley, i don't know what i'm going to ask. abaco on the premise that i now know that there are high school pictures of him. -- i now know on the premise that there are high school pictures of him. when you are leading a kind of double life, let's say that your not having a physical affair, what is that like every day? you are on my show, congressman, and you were talking about relief for the v

an earlier speaker mentioned the similarities to morgan stanley. i would plead for a pension deal for my trees. they are over 30 years old, and they deserve some attention in their own age. -- old age. >> could i have the overhead? my name is michael nulty. i am the executive director for alliance for a better district 6. we recently sent a letter to capt. garrity, who is on the tenderloin committee. we only have a problem with nuisance trees. there seems to be no actual way to get rid of the trees. the captain has contacted dpw and asked that the removal of these trees the dawn. what happens is, when these trees are replaced, like on the corner of turner and taylor, there was no community input. they were basically dumped their from polk street. i am going to read the letter. these seven trees make it extremely easy for loader verse, intoxicated persons to drink and dope dealers to loiter and in danger those who walked down the street and lastly, make excellent trash cans and garbage cans for rats. district 6 is important. we thank you for your at

morgan stanley thinks trans- atlantic may get a higher price than the $51-per-share offer. trans-atlantic was up 9.5%. closing oer $48. allied world fell 4.5%. graham packaging has a competing buyout offer. a new zealand private equity firm has offered $25 per share. that's over the price on the table from consumer packaging maker silgan. one to consider there. other companies receiving buyout offers? a $464 million deal for business services firm m&f worldwide. wireless technology firm e.m.s. technologies has been offered $33 per share by honeywell. info-tech firm ness will go private for $7.75 per share, and tech equipment maker gerber has agreed to an $11-per-share buyout offer. ford stock saw volume double today as it dropped 1.6%. it's been trending lower lately. an ohio jury ruled ford should pay $2 billion to thousands of auto dealers in a fight over an incentive program for heavy trucks. ford pledged to appeal the verdict. and that's tonight's "market focus." >> tom: the nba finals between name and dallas some of the best t.v. ratings in more than a decade. tonight'

positive view of economic data from china and swedish heavyweights are leading the gains after morgan stanley lifted its price targets on the global industrial group saying it provides the best risk reward among capital goods plus call shares when three point eight percent higher shares a pretty small group not care. over two percent after the company said it is reached a deal with apple and that one can dispute and here in russia the test in my eyes it's heading higher this hour let's have a look at some individual share moves on the now is a better bank is lower despite announcing that profits more than doubled in the first five months of the year energy mages are among the biggest losers despite the relatively strong oil price coking coal producers is down on news of a production hold one of its mines. now russia's equity markets are in for a subdued couple of weeks but. capital believes fertilizer stocks could see some interest. if you think. mostly with three to six months perspective probably your focus on fertilizer soroka. within the reason of. emanate capitalists to essentially poor

positive view of economic data from china so it is heavyweights are leading the game stopped morgan stanley lifted its price targets on the global industrial group saying it provides the best dressed with more to come on capital goods after skype call shares went up over three percent shares a finnish mobile group not good job two point two percent after the company said it had reached a deal with apple apple and their paper this is scary russell they are testing my six are in positive territory and the trade. let's have a look at some of the individual shambles its bad bank is high after announcing that its profits more than doubled in the first five months of the year energy majors are among the biggest losers despite the relatively strong but coking coal producer spots case down on news of a production hold at one of its mines. and russia's equity markets are in for a subdued couple of weeks but. capital believes fertilizer stocks could see some interest if you think. mostly three to six months perspective but probably a focus on fertilizer soroka. within the reason of emanating capitali

morgan stanley added the stock to its best ideas list. the investment bank thinks amazon's potential to gain market share is underestimated by investors. it has a $254 price target. tonight is amazon's first close over $200 per share since mid- may. meantime, best buy stock sank more than 3.5%. corporate bond rating firm fitch cut best buy's credit rating. citing best buy's weak same store sales and heavy competition, fitch puts best buy's credit rating at just above junk status. after the close, nike reported quarterly earnings well ahead of estimates. running strong, with sales surged in two of its largest markets, north america and china. nike shares were up a fraction before this news and rallied by more than 4% after the close. this drop in march came when it had disappointing quarterly results thanks to higher commodity and labor costs. it raised prices in response. sales came along as well. several drug stocks were moving today. amyline and mannkind rallied 7% and 4% respectively thanks to positive research data about their separat

of the commentators in china as well so it is heavyweights are having leading the game's up to morgan stanley lifted its price targets of the global industrial group saying it provides the past christmas morning on capital goods question as when three point eight percent. she has a finish what about two point two percent after the company said it has reached a deal with apple at will and their pay dispute. added here in russia markets closed keeping taxes likely lower quality has dropped just a lot and in my eyes a close point fourteen percent now let's have a look at some of the debates will share moves spragg finished high altitude after announcing that profits more than doubled in the first five months of the year energy mages among the biggest losers despite their word to be strong well priced coking coal producer and the lower on news of a production hold at one of its clients. the markets are in for a subdued couple of weeks but. capital believes fertilizer stocks could see some interest if you take. three to six months perspective but probably a focus on fertilizer soroka. within the r

the commentators from china as well so it is heavyweights are heading leaving the games up to morgan stanley lifted its price targets on the global and dust will group saying it provides the past with the warning on capital goods as copper shares when three point eight percent. as a finish model give not catch up to a point three percent after the company said it has reached a deal with all of their people disappear. right here in russia markets closed both sexes slightly lower quality has dropped just a notch and of course point fourteen percent now let's have a look at some of the fatal shot moves spragg punished high out after announcing that profits more than doubled in the first five months of the year energy majors among the biggest losers despite there were to be strong well priced poking co-producer of parts and the lower use of a production hold and one of its winds. were selected the markets are in first couple of weeks but like seems cost of capital believes fertilizer stocks could see some interest if you take. three to six months perspective but probably a focus on trying to low

group we have the goldman sachs private exchange rate the morgan stanley one and these things are an almost taken over the global economy and that's why you see such high energy prices and actually booed and natural gas prices all over the world now we talk about we talk about the koch brothers talk about goldman sachs are there also the other big five well companies or it doesn't have to be five of the biggest oil companies in the world and in the us are they involved in the speculation as well. yeah that's the really interesting thing when you get into these these really big companies they start medical metamorph are out there sizing and changing you know where you have what companies that are acting like big banks where they're using their privileged position in the market to make speculative bets on the price of oil in the short term in the long term and you have big banks acting like oil companies you have. a citi group bind up. pipelines buying up tankers even buying up their fire east just so they can get an edge on the speculative game it's fascinating to me and i think a lot

european equity markets are in the black swedish heavyweights are leading the game's up to morgan stanley lifted its price targets on the global industrial group shares of renewable energy corporations seven point four percent and also low of u.b.s. upgraded the firm to neutral from sell shares of finnish mobile group nokia jumped over two percent after the companies that it has reached a deal with apple that will end their paper dispute and here in russia markets closed with both fixes slightly lower the ati has dropped just a notch and the markets just lost points fourteen percent. now let's have a look at some of the individual share moves spread bank pretty high after announcing that profits more than doubled in the past five months but yet energy mage's among the biggest losers despite the relatively strong wall price coking coal producers and lower on news of a production hold and one of its mines. which is equity markets are in for a subdued couple of weeks but. capital believes fertilizer stocks could see some interest. if you take. say three to six months perspective would probab

unemployment rate up from nine to nine point one percent and according to some estimates an analyst at morgan stanley up to half of those jobs last month could have come from mcdonald's also a distressing housing report from economists earlier this week or has economists rather saying that residential real estate has essentially double dipped the u.s. debt ceiling hasn't been raised an issue. and moody's as a result issued a warning on the country's credit rating as a result and president obama today right there in the face of these dismal numbers gave a speech at a chrysler plant to celebrate the resurgence of the auto industry saying in the economy there are going to be bumps on the road to recovery but is this more than a bump is it time for a major rethinking of the u.s. economy take a look at this chart there are a lot of numbers here but what you really need to know is that that red line is unemployment in this recession and all those other lines are unemployment in every other recession that the united states has experienced so this is by far the worst since world war two earlier i spoke to pe

is doing why there are a couple big companies but they lease out tank farms to go in and sachs morgan stanley large banks large oil companies and then these groups also trade oil and it's very good to have a supply ship re-enter as well trading in the paper market but if you can put them together there you have a lot of doubts covered and that's what a lot of these groups do now you talk about the eighty three period of deregulation there was of course another major wave of deregulation i believe it was in two thousand when the commodity futures modernization act was passed and how did this transform the market with this codified congress literally voted at to take away any anti-fraud powers that might have been implied by the regulator of the oil market so that they could not do very much about the kind of trading that was go. going on off exchanges well the exchanges do set the global transparent global price most of the training actually takes place off exchange and they just use the price set on the exchange as a way of you know pegging like they're doing but at the end of the day of the