morgan stanley goldman -- >> we will see. i'm sure either one of them obviously would love to have it. i think a lot of people assume the nasdaq. but nothing's been said. >> we'll hear from julia later. >> exactly. what we've seen is a turn-around in about the last hour or so. financials actually leading the sectors that are moving higher. if we can bring that up. well, maybe not. financials, tech, utilities -- here we go. financials, technology, which has really been the outstanding sector today, to the upside, i guess you could call it. utilities have been under pressure throughout the session. the gdp number certainly was a surprise to many that it was weaker. the final sales weaker than expected. it could suggest weaker demand for utilities down the road. morgan stanley and goldman sachs, these are the two banks that will have the lead roles with the facebook ipo. you can see a little bit of -- actually, yeah, basically moving almost in tandem there when the news was announced right about 2:00 p.m. or so. goldman's expect

what does it mean for morgan stanley? kayla pointed out and reporting on the fact that they have been the lead on some of the internet ipos and goldman sachs reportedly is going to get a piece of the deal as well. >> goldman is very tied to facebook. so everybody expected that they would play some role in the deal, but morgan stanley is really been the breakout winner for all the big internet ipos. so far we've seen, you know, a deal after deal after deal getting the lead role. and this is a huge boost for their business. just having their name on facebook, i don't think they'll make that much money off the deal, but it's like a giant, you know, advertisement to every other tech company. we're the guys to go with. facebook chose us. it will bring them lots of business not just from this deal but from all the deals that follow that. >> kayla, can you comment on that? you were on "power lunch" and talked about what it means to morgan stanley. and you also brought up the fact that it's not just about the money that they will

morgan stanley fairing the best only off a percent.ack in a moment. [ male announcer ] let's level the playing field. take the privileged investing tools of wall street and make them simple, intuitive, and available to all. distill all that data. make information instinctual, visual. introducing trade architect, td ameritrade's empowering web-based trading platform. take control of your portfolio today. trade commission-free for 60 days, and we'll throw in up $600 when you open an account. my high school science teacher made me what i am today. our science teacher helped us build it. ♪ now i'm a geologist at chevron, and i get to help science teachers. it has four servo motors and a wireless microcontroller. over the last three years we've put nearly 100 million dollars into american education. that's thousands of kids learning to love science. ♪ isn't that cool? and that's pretty cool. ♪ >>> time for three in 30. three stock stories in 30 seconds. housing names mostly weaker today but not necessarily derailing the year-to-date gains.

but if you look at morgan stanley, that's the one that moved to the buy list. they've got that revenue that's coming from the retail side now pushing toward 40%. it's that smith barney application that i think because of that, if the market performs well, morgan stanley will definitely perform well as well. if not, morgan stanley is going to plummet. >> let me throw something out to the group. is one thing hindering the banks? how far can they go, at least in the near term? >> you've had a lot of people in that sell to the rips by the dips school, judge, who have done just that and profited in the first 20 days of january. but i would point out that morgan stanley is the underwriter for this facebook thing they're talking about. >> reportedly. >> reportedly. i believe they are, judge, and i could give you some inside tips on that. goldman sachs is going to be there as well. i think that's huge. for them to enforce what they already are as far as the lead technology firm as far as these underwritings is huge for them, it's great for that base he talks about with

in weekly jobless claims shares of morgan stanley will six percent the banks want to fourth quarter loss of two hundred twenty seven million dollars or fifteen cents a share as revenue fell twenty six percent. in europe stocks are largely highwood banks leading the gains investors are closely watching the ongoing debt talks in greece with largely smoothed out options for france and spain media reports indicated that the two parties could reach a debt deal in the coming days ahead here in russia stocks advanced for the fourth day on thursday as boyle climbed in new york the r.t.s. and it nearly a percent in the black why six point six percent higher and now let's look at the biggest movers on the rise x. financials on the rise with russia's biggest lenders burbank gaining over one percent every energy majors advances world shares of trying to gain one point seven almost one point eight percent of the congress and daily reported that the company is interested in the. pipelines and croatia and electricity producing. its power company is merging its energy assets with gazprom. from. tod

stocks are trading high boosted by well received results from bank of america and morgan stanley and a drop in weekly jobless claims shares of morgan stanley rose six percent of the start of the trading session the bank swung to a fourth quarter loss of two hundred twenty seven million dollars or fifteen cents a share revenue fell twenty six percent and you have stocks are largely high up with banks needing the games investors are closely watching the ongoing debt talks in greece with last week moved at auctions france and spain media reports indicated that the two parties could reach a debt swap deal and the coming days. here in russia. for the fourth day on thursday as or climate in new york ended nearly eight percent in the black in the was a point six percent higher than the close now let's see the biggest movers on the rise exponentially as we're on the rise with russia's biggest lenders bad bank gaining over one percent energy majors advance as well shares of transnet gained one point seven percent after commerce daily reported that the company is interested in building pipelin

morgan stanley stock is not even at the highs of the day. the market not giving it any facebook ipo bump. i heard you talking earlier that maybe they were going to hammer down the price. so maybe not a windfall of profit for the banks on this deal. >> yeah. they're definitely going to hammer down the price on this. if you were facebook, you would too. if you could get something that's a record low for a corporate issuer, i'm sure you would. goldman stock is moving a lot. haven't seen other news out there involving goldman, but the journal headlines saying goldman likely to play a large role. they had a few mishaps earlier last year when they had a few flubs during the private placement that they did with dst. the company not happy about the negative press by not being able to place their facebook shares with u.s. clients. it will be interesting to see if morgan stanley does get that so-called lead left position. but the price is going to be low. it's not going to be a huge windfall, just for the pride. >> kayla tausche, thank you very much.

of morgan san franciscoly -- morgan stanley. to any winner, and you glommed on to the one guy who did not and does not. why? >>guest: i go to china often as you know. and i got do know the governor there. as ambassador. and i spent more time with him. and i would say three or four months later he and his wife were in town and wanted it sit down with me to get my support, so my wife and i sat down with them, and we enjoyed spending some time with them, and we had dinner, we liked what he had to say, so at a lot of levels, we like what he stood for. you go back to what he did in utah as governor and how he created jobs and what he did with taxes, his views are balanced. >>neil: we had a club for growth. they are not balanced. he is a spender and not the guy club for growth type guy would like. >>guest: i am giving you my view. and my view is, he is balanced. you saw him on debate on sunday, some of the questions were asked the way he handled it and one of the things that resonated with the ought -- audience was the comment about t

morgan stanley is among those banks reporting earning next week. some questions about its exposure in europe. the focus on europe intensified today with the action by standard & poor's to cut the debt ratings of several governments. one beneficiary is the u.s. dollar. the euro currency fell in anticipation of the ratings cuts, dropping to $1.26 per euro. that's the lowest price against the dollar since august 2010. also benefiting from the european worries? bond investors. bond prices rallied, pushing down yield. the benchmark 10-year government note saw its yield fall to 1.87%. that puts it close to its mid- december low. still below 2%. but again, we did not see a corresponding rally in gold. gold can be a traditional safe haven for investors in times of distress, but not today. gold fell by almost $17 an ounce. since september, gold has seen a series of lower highs. weakness in the international market for a different kind of metal has hit coal mining stocks. after increasing production of coal used for making steel last year, patriot coal will

morgan stanley did last quarter, but it lost less money than feared. the firm was able to reduce its exposure to european government debt by 40% since the end of last month. that may have helped today's 5% rally. there have been concerns since last summer about morgan stanley's portfolio of derivatives tied to european government ious. financial earnings weren't the only thing driving trading today. in fact, the consumer sector led the market higher today, thanks to troubled retailer sears. shares shot up almost 10% today, continuing the sharp rally since hitting $29 per share just two weeks ago. tonight, they're over $43. there are reports c.i.t. may resume making loans for sears suppliers, a key source of credit for those companies. the strongest s&p 500 stock was computer network firm f-5. shares jumped more than 10%, thanks to better than expected earnings and a strong outlook. finally, the utility sector was the weakest today as natural gas prices continue cooling off, falling another 6% plus today. it's the eighth straight session of falling pric

b of a returned a profit while morgan stanley's loss was less than was forecast. >>> photography icon eastman kodak tpaoáeuld files for chapter 11 bankruptcy protection and it is looking to raise cash and continue to conduct normal business operations. that's the goal. kodak was forced to file for bankruptcy after it was unable to find a buyer for 1100 of its digital imaging patents. the former blue chip company has secured a billion dollars in financing to keep it afloat as it moves through chapter 11. >>> a move is underway to bring a bag tax to virginia. two state lawmakers want people in the commonwealth to pay 20 cents for every plastic bag they use. one of the sponsors of mt. vernon says the fee is not meant to raise money but to cut down on pollution. three similar bills died in the house last year. now, d.c. and montgomery county both have bag taxes. theirs are just 5 cents per bag. >>> vegetables, fresh fruit and low calorie meals are part of school lunches in one los angeles area school system. >> we'll have more on that story plus your weather first in two minutes. >>> it i

that morgan stanley leads the offering, that the price ranges between $38 and $40 a share. and that the new york stock exchange will win the battle to actually list the shares of facebook. remember, privco lists the private companies. this isn't public. sometimes these calculations can be up. this is what privco does expect. facebook has 3.25 diluted shares. that price range between $38 to $40 a share would give you a valuation of between $89.3 billion and $9 billion. i want to call your attention to some key facebook dates here. of course, on sunday, this is january 29th, we have cheryl sandberg, the coo of facebook, speaking on a panel in davos on the 15th of february, the third quarter financial numbers, facebook will be forced to use fourth quarter numbers in their ipo. julia boorstin just reported the full year 2011 fiscal numbers for facebook. her sources told her that they are still working through the q-4 audit. so might take some time to work through some of those q-4 numbers. but they have until the 15th of february to use their q-3 numbers. also, look at may 15th

of morgan stanley where the state fund has agreed to buy the largest mall in russia's north capsules and pages back deals while there are one point one billion dollars according to sources close to the transaction the galleria mall originally cost three hundred eighty million dollars to build i was opened two years ago morgan stanley will buy it from a group of investors from kazakhstan who refused to be identified if the shopping wilsons of changes how successfully they would do would be the largest don't last as we are the same ok. or have to go there myself but i'll be back here fifty five minutes more business news join me them. for me. video. welcome back. to the u.n. a new resolution on syria on all sides to halt the violence. will discuss the text later on tuesday the troubled country remains deadlocked conflict. iran says it won't retaliate for the death of one of its nuclear scientists israel the speaker of the iranian parliament to use the country of terrorism training its desperately trying to stop terror runs nuclear program. and occupy activists gathering to date. concre

a morgan stanley real estate fund has agreed to buy the largest mall in russia's northern capital st petersburg the deals worth around one point one billion dollars according to sources close to the to the deal and the galleria mall was opened two years ago morgan stanley will buy it from a group of investors from kazakhstan if a shopping center changes hands excessively the deal would be the largest and russia's real estate market. that's all for now i join me in about fifteen minutes with more here on business. you're. used to day violence is once again flared up. and these are the images the world has been seeing from the streets of canada. showing up for a shelter on the day. here with r t m one from moscow our top stories russia launches its latest bid to rally the un around a resolution to bring peace to syria as the country sinks deeper into violence moscow says the draft is balanced and rules out foreign military intervention or calling for syria's warring sides to lay down arms. iran makes arrest or last week's nuclear scientists murder it won't confirm who is being held by

a morgan stanley real estate fund has agreed to buy the largest mall in russia's north capsules and pages back to do as well around one point one billion dollars according to sources close to the transaction the galleria mall or originally cost three hundred eighty million dollars to build and was opened two years ago morgan stanley will buy from a group of investors from kazakhstan who refused to be identified if the shopping will sense it changes how successfully they would do would be the largest in losses when the same ok. i'll have to go there myself but i'll be back here fifty five minutes more business news joining them. the official ante up location. i pod touch from the. video on demand i'll teach my old girls and r.s.s. feeds with the palm of your. questions. about come back or mind. fresh air and bails to the u.n. a new resolution on syria one on all sides to halt the violence. will discuss the text later on tuesday the troubled country remains deadlocked conflict. iran says it was retaliating for the death of one of its nuclear scientists change lanes on israel the speaker of

a morgan stanley real estate fund has agreed to buy the largest mall in russia's northern capital st petersburg deals worth around one point one billion dollars according to sources close to the to the deal the more was open two years ago morgan stanley will buy from a group of investors from kazakhstan if the shopping centers changes hands successfully the deal be the largest in russia's real estate market. well that's all for now but don't forget you can always find most always just log on to our website. slash business. wealthy british style. sometimes that's right sometimes we don't target. markets why not. come to. find out what's really happening to the global economy with much stronger for a no holds barred look at the global financial headlines tune into kinds of reports . here with r t live from moscow our top stories russia launches its latest bid to rally the un around a resolution to bring peace to syria as the country sings taper into violet's moscow says the draft is balanced and rules out foreign military intervention calling for syria's wearing sides to lay down arms.

a morgan stanley real estate fund has agreed to buy the largest mall in washes northern capital pieces about the deals worth around one point one billion dollars according to sources close to the transaction the galleria mall or originally called three hundred eighty million dollars to build and was open two years ago morgan stanley will buy from a group of investors from kazakhstan who refuse to be identified if the shopping center changes hands except the deal would be the longest in russia's real estate market. ok. i'll be back with thirty five minutes mall business. wealthy british style some time to see the tires on. the. market why not. come to. find out what's really happening to the global economy with much stronger for a no holds barred look at the global financial headlines into a report on our. talk about her mind and out of our top stories pressure on veils to the u.n. a new resolution on syria according to all sides to hold the products council members will discuss the text later on tuesday troubled countries deadlocked in a conflict. iran says it won't retaliate when. dea

and morgan stanley where the state fund has agreed to buy the largest mall in russia's northern capital some pieces back the deals worth around one point one billion dollars according to sources close to the transaction the galleria mall originally cost three hundred eighty million dollars to build and was opened two years ago morgan stanley will buy it from a group of investors from that star who refused to be identified as the shopping center changes how successfully they do would be the largest too much as a way to start market. makes me want to go shopping to join me fifty five minutes i'll be back with more business news. wealthy british style. markets why not. find out what's really happening to the global economy with much stronger for a no holds barred look at the global financial headlines kaiser reports. you're watching ought to be part of the headlines. crush on bale's to the u.n. the u.s. mission on syria calling on all sides to hold the balance council members discuss the text then tone tuesday troubled country remains deadlocked in conflicts. iran says it won't retard the

they were all looking at their blackberries, and could see the price of goldman sachs or morgan stanley dropping by the hour. and somehow they thought that was thermostat telling them that the economy was coming unraveled. i don't believe that was right. i think what was going o simply a huge correction that was overdue on wall street. the big leverage hedge funds on wall street that called themselves investment banks weren't really investment banks. they were just big trading operations using 30, 40 to one leverage. and it was that that was being corrected. but they used the occasion of the wall street banking crisis to create the impression that this was the beginning of a kind of black hole the whole economy was going to drop into. i think that was wrong. and it was that fear that led congress to do anything they wanted. you know, the congress gave them a blank check. >> not at first, don't you remember, congress first refused to approve the bailout, right? >> and then, the stock market dropped 600 points because all of the speculators on wall street all of a sudden began to think, "

eight mines in four countries with the all the projects in the early stages of development a morgan stanley wrist a fund has agreed to buy the largest mall in russia's northern capital some pages about the deals worth around one point one billion dollars according to sources close to the transaction the galleria mobile cost three hundred eighty million dollars to build and two years ago morgan stanley will buy it from a group of investors from paddocks done who refused to be identified if the shopping center changes hands successfully the deal would be the largest in russia's real estate market and that's often i'll be back in about fifty five minutes with more for you. thank you. in. brighton if you move soon from plans to. start on t.v. dot com. welcome back reminder of our top stories rush to the u.n. a new resolution on syria calling on all sides to hope with violence council members will discuss the text then two on tuesday the troubled country remains deadlocked in violence. iran says it won't retaliate for the death of one of its nuclear scientists which it claims on israel speak of

morgan stanley the lead underwriter on that one. it does get filed tomorrow. >> it's interesting when you look at the deliver offerings as they did in the old ipo days. it's not the globe.com which was 600% on the first day. >> forgot about that one. >> which you want to short just because it came out richly and then threw up in everybody's face. it's hard near the valuation whether how much pop there's going to be in the stock. there's going to be a lot of excitement whether or not it can support the valuation is another question. $50 billion in december of 2010. >> karen, are you going to look at the perspectives? >> i'll look. the valuation isn't how big is the cap? it's what kind of multiples are we looking at. it's a lot of money, but i don't know if it's expensive. >> isn't it 100 times earnings? >> i don't know. but can i make one last point on amazon? >> yeah. >> i wanted to point out walmart ten years ago traded within a buck of where it is now. they were the juggernaut as they still are in the retail space. now they earned

morgan stanley could do more layoffs, another 3,500 the next year.difficult time on wall street. you might hate the fat cats say what you want but the people that will pay i tell you, it is people if new york city, people in new york state, because they provide huge amounts of revenue in new york city and new state. pebble on public assistance will pay, and have to cut back. the city and state is in more difficult times. >>neil: thank you, charlie. you think it is just republican governors facing the union wrath? think again. to walk like one. when you walk 10,000 steps a day, it's the same as walking a professional golf course. humana. proud supporter of health and well-being. >>neil: 401(k) a-okay for you but not for unions? governor cuomo says that has to change, a 401(k) option. >> why wouldn't you want give the person the option? it better suits my financial situation and it is cheaper for government. why won't you do it does will physical he says the move could save the state nearly $80 billion over 30 years but unions are fighting it. and high

i think morgan stanley is a very inexpensive stock and a buy here. it said it was going to do. remember when jeff bezos, the ceo, said he had to spent to win? lighten up,

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ok thank you very much indeed thank you for inside that was a joke you know chief economist at morgan stanley a russia you have time to so have a look at the market see what's going on how all of this news is affecting the stocks in the europe a region i carry while stocks are higher actually that's despite the world bank news that we've just been discussing here and that's when i was showering reports that greece is nearing a debt deal with private creditors and here in moscow is take a look at how these us stocks are fairing ok we're covering some losses right now it's got all the shockley day of trade here in the russian capital but my thoughts on the i'll just lay off an hour in the black and take a look at how some of those individual getting on russia's top company rolls nast has now it's back into the red despite those strong prizes russia's largest lender spat bike is in the black it's going to change your fortunes that because it was in days in the red is in the black now and let's also take a look at the on a russia that is firmly in the black as a well. i can say phenomenal busines

to several billion dollars so we're talking about serious and big investments on a clerk of a morgan stanley real estate fund has agreed to buy the largest mall in russia's northern capital st petersburg deals worth of on one point one billion dollars that's according to sources close to the transaction and the galleria mall was opened two years ago morgan stanley will buy from a group of investors from kazakhstan the deal could be the largest in russia as we just take mark. well that's all the business news for now but join me in about fifteen minutes from our. there are those you desperately needed to survive. or kong is the time to give money to one look i just want goldman the fish. and the suppresses the prize the rights of the people. first miracles of. those who don't get their share of the trades. just by downloading got to god awful article in today's new and don't last but not the one that upset people need to know about it i mean not look anything from the company from. those who suck it out to prosper. inside the seeds of fame. probably not from. some. nice licensing. no one can

and reached three and a half percent to discuss this i'm joined by jacob now chief economist at morgan stanley russia have a ca and ok on the back of that then what what is the growth outlook for russia so i think it's pretty good and in fact i always think it's better than the world bank does i think growth which was four point two percent on the preliminary estimate last year will accelerate in russia next year the world bank thinks it will slow down the three reasons for this the first is that russia had a very deep recession in two thousand to know him and a slow recovery and i think that we really entered. kind of blooded recovery from a succession recession with a cyclical upturn in the middle of last year with consumption and investment growing strongly so the economy has an underlying them into the second thing is last year where she ran a fiscal surplus this year the government is going to run a small preschool deficit and it's spending money to cut payroll taxes to increase public sector wages and increase military pensions. that will support consumption in the first half of the dia

today the "wall street journal" and the financial times both reported that morgan stanley would limit its cash bonuses to $125,000 and defer some compensation to 2012. we look at this with william cohan, author of "house of cards," a book about the collapse of bear stearns. he once worked as a managing director at j.p. morgan chase. and brian foley, a compensation consultant who works with fortune 500 firms including investment banks. for the record, we called the industry's trade group, but they declined our invitation. gentlemen, welcome to you both. william cohen, to you first. these earl yes reports that bonuses are dropping, how widespread is this? and why do you think it's happening? >> well, i think it's very widespread, judy. when you have an industry leader like morgan stanley capping out their what seems to most people like a lot of money but to wall street types unfortunately not, capping out their cash pay at $125,000, that becomes an industry standard and the kind of benchmark that other people hit because, as we well know, the industry uses consultants to measure what ev

morgan stanley has the edge that. is an edge for morgan stanley. they're going tout their retail. this should abe populist type deal. >> that is kiss shifting gears today's numbers flat. good news from labor market wasn't enough to mask disappointing profit forecasts for retailers. and and the separation would allow barns and noble to focus more on brick and mortar stores which makeup its core business. at bloomberg studios, i'm emily chang. >> thank you very much. >> and there this is winter, temperatures near 70 and it's beautiful, gorgeous out there. no rain in sight. and we're going through changes and a we'll talk about that in just a moment. and live picture now and is is high surf advisory going into affect at 6:00 tonight and continuing until 6:00 p.m. tomorrow. so here are the records. these are highs so far. oakland 67 degrees. that is a new record tied at previous record. up to 70 degrees in livermore today, mild, 69 degrees in santa rosa. 64 in yu kaia and napa. inland east bay, and there is certainly above normal for this time of the year. numbers now into 50s and 60s

the base case according to morgan stanley is to sell 26 million. and a $550 million target. >> both are bullish. it's the downstream plays i think will get you the most bang for your buck. it seems for whatever reason to have trouble in march and july and most recently post apple earnings. i would say this. the stock's had a tremendous run since september. take profits here in qualcomm if you are long. when i say cheaper i mean 450s. if you don't like that idea, buy it on a break. in no man's land. >> playing the apple supply chain isn't always emerging. they squeeze the crap out of every supplier that they have. you know what i mean? so at the end of the day, a lot of times we saw broadcom pronounce better than expected revenues in september. they sell into the iphone 4s. they had a good sense what their units were going to look like. when they report tomorrow, you could see those better than expected revenues on weaker earnings. >> on one of the conference calls today, isn't the expectation for china already baked into the stock? i mean, is this

morgan stanley shares climbed after reporting it lost less than expected last quarter. southwest airlines topped estimates despite higher fuel costs. general motors is once again the world's top selling automaker overtaking toyota by selling 9 million vehicles last year. rupert murdoch's empire will pay at its now defunct news of the world tabloid. actor jude law and his ex-wife and his assistant are among those receiving settlements. >>> the florida department of law enforcement is raising eyebrows as they are shells out 300 bucks to get employees testy to test a breathalyzer. we did that with exstrong coffee. kind of sad. >>> coming up a tragedy in free style skiing. yet another college basketball upset. a shoot-out goal in hockey you have to see to believe. lebron and the heat break away from the outmatched l.a. lakers. your early morning sports headlines are straight ahead. >>> in the weekend forecast, it is highlighted by snow no new england and a wet forecast for the west. that's coming you're watching "early today." >>> good morning. if you're just waking up, thi

and other financial stocks like morgan stanley. >>> investment bank goldman sachs net income declined8% in the fourth quarter but the company still made a billion dollars and beat analyst estimates. eb ebay's net income in the fourth quarter was almost $2 billion and helped by higher revenue on the sale of its remaining interest in skype. factory output surged in december by the most in the year. stronger demands for business equipment and business and energy. foreign demands for u.s. treasury debt rose in november to the highest level ever. total foreign holdings increased to 4.75 trillion dollars. the international monetary fund plans to raise an extra ks 500 billion so it can issue new loans. the imf says the euro zone nations may need to borrow a trill dollars in the coming years. eastman kodak filed for bankruptcy. the company has had years of falling sales and the decline of its film business. air fares are going up yet again. delta air lines increased fares by $4 to $10 across much of the u.s. a florida cop has been chosen as the best chocolate in america. this is the sixth yea