morgan stanley will get $1.1 billion from bond insurer mbia. in exchange, morgan will drop its lawsuit against mbia over loan guarantees on commercial and residential real estate. the legal fight has dragged on for two years. mbia will drop its lawsuit arguing morgan stanley misrepresented millions of dollars worth of mortgages. >> susie: it's time to think about year-end tax planning. all this week, kevin mccormally editorial director at "kiplinger's personal finance," joins us with tips to help you cut your tax bill. with the spirit of giving in mind, tonight's "tax tips" has a charitable solution that serves your portfolio and the greater good. >> i'm sure you know that what you give to qualified charities can be written off on your tax return if you itemize deductions. but if you're planning a substantial year-end gift, let me say this-- put away your checkbook. i'm not playing the grinch, i'm saying there's a better way. donate appreciated property, like stock or mutual fund shares or real estate, instead of cash. as long as you've owned th

but morgan stanley says the financial advisors division is expected to escape the pink slips. >> tom: stocks snapped a three day losing streak as the latest and stronger economic data from the u.s. offset the ever-present worries about europe. right out of the gate this morning, stocks were able to find more buyers than seller. but the buying interest faded throughout the session. the high for the s&p 500 today came in the first hour of trading. the index ended with a fractional gain. at one point, the dow jones industrial average had a triple- digit gain. but again, the gains faded in the afternoon when the international monetary fund called the global economic outlook quite gloomy. that forecast may help explain the defensive nature of the best sectors today. utilities, health care and consumer staples certainly fit that description. these three led the market gainers, rising at least 1%. the utility sector has been a beneficiary of low interest rates and the volatile markets. this exchange traded fund includes the big power company stocks. this year, it's up 12%. with today's bette

morgan stanley we need more bankers like we. the bad congressman peter king tomorrow as chairman of the house homeland security committee will hold his fourth hearing on the threat of american muslims this time he's focusing on muslims in the military defending his position to target american muslims king said there is an attempt by islamists to join the military and infiltrate the military and it's more of a threat than the. ridge american is aware of right now let's see what are the congressmen of the past warned the evil forces were infiltrating our military oh yeah joe mccarthy maybe peter king should take a look back in history and see what happened to joe mccarthy and maybe think twice about his witch hunt against american muslims and the very very ugly the police of the city of london last week the london police sent out a flyer to local businesses and titled terrorism extremism update the flyer included information regarding the threat of terrorism noting that the threat is substantial including on the list threats of th

this and other major economic news of the week i'm joined now by jacob now she is a columnist at morgan stanley russia thank you for coming to the program so industrial orders in europe are showing heavy falls but we see a company a different picture here in russia why well i think partly because russia is a big country and so it can make its own economic fortune to a certain extent so you had a deep crisis in russia in two thousand and nine really eight percent fall in g.d.p. and since then we've had a slow recovery so you got a lot of spare capacity out there and as unemployment's come down and consumers have got more confident they've been borrowing more they've been spending more and companies have started to invest more so you have these domestic processes that are starting to drive the economy forward and we think with that can continue unless something cuts across it like the all price fall in for instance which would which russia is dependent on that's right it's a very heavy level of the pendants but i think that's really why i'm forecasting for a half percent growth this year five per

match the foreign companies but in any case the russian conceivable benefit ok check now from morgan stanley thank you very much for your analysis and that's all we have time for now europe today join me in less than fifteen minutes for another business update here on r.t. . more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. china operations are on the day. nation three are going to take three. or four charges.

financial stocks lower, the likes of bank of america, merrill lynch, which was down around 4% morgan stanley and citigroup trading lower. a lot of focus there on the euro and you mentioned some levels earlier. let's have another look at the currency levels this tuesday morning in japan. you can see they're 77.99-04. holding steady there. we will see how it develops through the day. >> ramin, we have a holiday shortened week in japan. what should we watch for after markets close thursday. >> a lot on the agenda. bank of japan has a two day policy meeting, and trade balance figures for jap for november. and let's not forget in october, dipped into the red first time in two months. thursday, ai auto production numbers for november and that flooding in thailand. we will see if those effects come into the numbers as well. still quite a lot for investors to take in despite the paramount news out of north korea and of course the eurozone debt issues. back to you. >> thanks a lot, ramin. ramin mellegard from the tokyo stock exchange. >>> olympus is planning to raise about $1.3 billion to boost its c

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morgan stanley, citigroup, bank of america and jpmorgan chase all fell. techs dropped after intel lowered expectations following similar moves last week by texas instruments. resource stocks tumbled. oil fell and copper prices plummeted to a near two-week low. elsewhere, diamond foods plunged on an investigation into its payments to walnut farmers. vulcon materials rocketed after martin marietta bid to buy the company for $4.7 billion in stock. turns out home sales data was inflated for years. figures will be lowered all the way back to 2007. it's estimated the national association of realtors overstated 2010 home sales by at least 15%. and finally, a rare 1787 gold brasher de plume, first dollar coin minted by a goldsmith who was george washington's neighbor has been sold for $7.4 million. >>> coming up, pink slip day in the nfl. and fan lights the red light in hockey. plus, the seahawks butt heads with the rams in monday night football. your early morning sports headlines are straight ahead. >>> the cold and the rainy storm system in the desert southwes

morgan stanley, j.p. morgan and citigroup each rallied at least 4%. with this week's central bank action making it cheaper for european banks to borrow dollars, banking stocks saw some sharp rallies. let's break out j.p. morgan and look at just the past 30 session. with today's jump and wednesday's big rally, the stock is at a two and a half week high. just this week, shares rocketed up 13.5% from $28.50 to over $32 per share. research in motion has been struggling, competing against the iphone and the ipad. it's tablet computer, the playbook has not sold well. so rimm is marking down the value of its playbook inventory, taking a $485 million non cash charge. it also cut its earnings and revenue outlook, warning of a drop in the shipment of its blackberry device. shares of research in motion continue sliding, down almost 10% today. volume was triple its usual rate. over the past year, shares have lost almost three quarters of their value. the lines continue blurring between phone companies and cable companies. today, verizon wireless agreed to pay $3.

morgan stanley particularly exposed to europe tumbled. jpmorgan chase slid the worse of any stock on the dow. euro anxiety had investors overlooking good news at home. unemployment claims dropped and wholesale companies increased inventory to expectation of stronger sales. on the downside, household wealth fell for a second straight quarter. mcdonald's, the dow's only gainer, rose on strong same story global revenue. costco fell on disappointing earnings. watch texas instruments today. after hours, ti cut quarterly outlook. wells fargo is paying $148 million to settle claims it overcharged on state and local government investments. and finally, coca-cola moved its secret formula for the first time since 1925, from a bank vault to a new exhibit at the company's downtown atlanta museum. but the 1886 formula itself remains hidden from view. so, you're out of luck there. >>> coming up, albert says so long to st. louis. the nba says no way. and a very embarrassing moment at baseball's winter meetings. plus, big ben takes a licking but comes ba

morgan stanley will fire 1,600 to cut costs. fitch cut long-term ratings on barclay's and credit suisse by two notches, and bank of america, bnp paribas, goldman sacs and citigroup. a surprise resignation by cablevision top executive sparked speculation it may be a takeover target. one analyst calls it, quote, one of the biggest bombshells in recent industry history. the average 30-year fixed mortgage rate has matched its record low. today is quadruple witching day. equity options expire, as do stock index futures, stock index options and individual stock futures. the stock to watch today is zynga. its ipo priced at $10 a share. finally, the $116 million taken in by christie's elizabeth taylor jewelry auction makes it the most valuable private jewel collection ever sold. >>> coming up, another serious concussion injury in hockey and sports mixing with politics. plus, a falcon can easily overpower a jaguar. at least on the football field. your early morning sports headlines are straight ahead. >>> in the weather this upcoming wee

morgan stanley, akamai zooming on purchasing a competitor. tibco. american greetings doven. bed bath & beyond slid after warning its earnings might miss. made johnson fell. no proof of the link between the formula and the death of a newborn missouri boy. >>> days before christmas, best buy is playing the grinch, alerting some customers they won't fill their online orders. they won't specify how many orders or which are out of stock. >>> bad news for christmas kissers out there. mistletoe is almost impossible to find because of a texas drought. it's so scarce you may have trouble finding fake mistletoe. that surely won't stop you from your new year's kisses, i'm sure. >>> coming up, the indianapolis colts come up big. plus, boise state led it right from the opening kick off. your first look at sports is straight ahead. you are watching "first look" on msnbc. when you pour chunky beef with country vegetables soup over it... you can do dinner. four minutes, around four bucks. campbell's chunky. it's amazing what soup can do. four minutes, around four bucks. i was in south korea

morgan stanley spiked 11%. citigroup almost 9%. jpmorgan chase, 8%. bank of america, 7%. all those gains came in spite of standard & poor's cutting credit rating on several u.s. banks late tuesday. >>> copper and oil rose sharply as energy, materials and industrial sectors dependent on economic strength roared. u.s. steel shot up 15%. ak steel 13%. alpha natural resources rose 15%. and peabodie energy soared 14%. >>> further boosting investor spirits, data showing clear signs of economic recovery. the private sector added the most jobs in nearly a year in november. november midwest business activity grew faeser than expected. october contracts to buy homes jumped to a high for the year. november was the best month for auto sales in more than two years. >>> elsewhere, reports say private equity firms blackstone and baincapital have teamed up to bid for yahoo. >>> the salvation army's red kettle has gone high tech. a holiday donation tradition since 1891, now you can host your own red kettle online raising donations from family and friends. making it a little easier for you

morgan stanley spiked 11%. almost 9, jp morgan chase almost 7, all the gains came in spite of standard and poor's cutting credit ratings on major banks on tuesday. >>> copper and oil rose tuesday. u.s. steel shot up 15%. ak steel 13, alpha natural resources. further boosting investor spirits? data showing clear signs of economic recovery. the private sector added the most jobs in nearly a year. midwest business acty grew faster than expected. october's contracts to buy home jumped to a high for the year. november was the best month for auto sales in more than two years. elsewhere, reports say private equity firms blackstone and bain capital have teamed up with a china company to bid for yahoo. >>> and finally, the salvation army's red kettle has gone high tech. a holiday donation tradition since 1891, now you can host your own red kettle online raising donations from family and friends. >>> well, the homecoming for thousands of military vets returning home from iraq and afghanistan has turned out to be bittersw

bank of america led the dow, morgan stanley led all bank stocks. akamai technologies led tech, zooming on plans to purchase a competitor, tip co surged. american greetings tumbled on a profit dive and higher expenses for 2012. bed bath and beyond slid after warning earnings might miss. mead johnson fell hard on johnson pulling infant formula nationwide. just days before christmas, best buy is playing the grinch. alerting some customers it won't fill their online orders. best buy won't specify how many orders or which products are out of stock. finally, bad news for christmas kissers. mistletoe is almost impossible to find this year because of a texas drought and bad weather elsewhere. it's so scarce, you may even have trouble finding fake mistletoe but i'm confident you'll have no problems still having your christmas kiss. >>> well, the indianapolis colts come up big and last-second heroics on the ice. boise state lets it rip right from the opening kickoff. your early morning sports headlines are straight ahead. >>> we're not looking at too much in

bank of america led the dow, morgan stanley led all bank stocks. akamai technologies led tech, zooming on plans to purchase a competitor, tip co surged. american greetings tumbled on a profit dive and higher expenses for 2012. bed bath and beyond slid after warning earnings might miss. immediate johnson fell hard on johnson pulling infant formula nationwide. just days before christmas, best buy is playing the grinch. alerting some customers it won't fill their online orders. best buy won't specify how many orders or which products are out of stock. finally, bad news for christmas kissers. mistletoe is almost impossible to find this year because of a texas drought and bad weather elsewhere. it's so scarce, you may even have trouble finding fake mistletoe but i'm confident you'll have no problems still having your christmas kiss. >>> well, the indianapolis colts come up big and last-second heroics on the ice. boise state lets it rip right from the opening kickoff. your early morning sports headlines are straight ahead. >>> we're not looking at too mu

morgan stanley saying rolling lay-offs began december 15th. the company sites economic reasons for the cuts amid the sharp drop in investment banking and trading revenues across wall street. people just can't seem to get enough of the lambeau leap and those foam cheese head hats. the green bay backers are releasing 30,000 more shares of stock in the team after seeing incredible demand for an initial offering three weeks ago. that allotment of 250,000 shares the nearly gone, even though the shares cost $250 each and they have virtually no resale value. i'd say those packer fans really love their team. guys, back over to you. >> okay. thanks, julia. >>> some sad news to report. the bay area lost a devoted citizen watch dog, a man who had been keeping an eye on city officials long before their were blogs or even the internet. >> i counted 18 uniform officers. i have somebody counting the cars outside and all those sorts of things. the important thing is that that sends a message. >> san gee hond had been a fixture at oakland city hall for more th

morgan stanley was higher by almost 7%. citigroup finished up by almost 6%. j.p. lly was the best among dow industrial stocks. today's rally came on the back of banking stocks. the financial sector led today's market, up better than 2%. technology and materials ended with gains of over 1% each. among the financial fuel? insurer met-life, up more than 3.5% to a six-week high. while met-life's fourth quarter outlook was disappointing, it predicts earnings to grow as much as 7% next year. the growth will be driven by retirement products in the u.s. as well as its international business. the tech sector was helped today by a monday merger in the cloud computing space. germany business software giant s.a.p. is spending $3.4 billion in cash to buy successfactors, based in california. it's the latest deal of a big tech firm picking up a company concentrated in cloud computing, which is on-demand computing services. the deal sends s.a.p. stock down 2%, but successfactors leapt 51%. shares closed just shy of the buyout price of $40 per share. other names in cloud computing

but financial stocks really dragging the markets lower, stocks like citigroup and stoergensh -- morgan stanleydown 6%. the main concern is r. there's still some concern about north korea. but there's ongoing stress about the economic outlook for rump. right frow you -- right now, the dow is 105. nasdaq down 31. subpoena down 14 -- s&p down 14. >>> facebook is facing a lawsuit regarding the features that shows their friends what the friends "like." they claim this violates the law and allows them to use -- there's no way to show when they are being used in an ad. facebook asked the judge to dismiss what could become a class-action lawsuit but the suit was refused. >>> a saudi arabian man is investing $300 million in twitter. prince alwaleed bin talal says he has an interest in investing in "promising, high-growth businesses with a global impact." alwaleed bin talal graduated from atherton's menlo college and is one of the richest men in the world. his investment is also a major shareholder in citigroup and has made a large investment in ap small more than 100 people were treat pod a -- >>> appl

sears and k mart hiring more than 1,000 people. 60 locally and morgan stanley smith also has more than,000 openings. in our area, they looking for 20 people for jobs like financial advisers. other places include service master, chicco, new york life insurance and tango transport. >>> as you can see here from our set, there are lots of businesses and houses in our area are starting to decorate for the holidays and it seems christmas tree lots are popping up on every corner. >> i'm lindsey mastis in silver spring and the people selling christmas trees this year say tonight is going to be busy. friday is payday for a lot of people and because it's the first weekend in december, it's expected to be busy. >> every year we come to the same spot so that we can look for our tree from last year. every year the tree grows a little bigger. >> these trees were brought in from western virginia and being sold for profit. >> this is good for the economy right now. >> in rockville, volunteer firefighters are hoping to make money for their station. >> we have all the money, all the profits go toward ne

morgan stanley was the strongest financial stock in the s&p 500 with a 4.6% gain today. heavier volume with this buying interest. as optimism has grown about a burr even -- a european fix, shares have ralied to their highest since halloween. the big board -- the german buyer ted said it remains committed, but not at any price. a big jump for martha stewart living, jumping to 25 fold. j. c. penney bought almost a 17% stake in the company as it looks for way to turn around its department store sales. erika miller will have more on this deal in a moment. jcp paid 3.50 a share for its stake, share price rallying well above that. the stock saw a more muted reaction, gaining a fraction. struggling retailer talbot's shot up almost 70% after receiving a buyout offer, valuing the company at 3 per share, the stock closing out today at 2.65. mcclatchy predicted to bounce back. u.s.a. today owner began net ralied, thanks oh its own upbeat forecast. some broad based selling, especially in softs and grains. cocoa futures finished at a three-year low. >> susie: as tom mentioned, martha