companies such as morgan stanley and goldman sachs are creating new platforms for clients who want to invest not just for profits but also for the greater good of society earlier this month. morgan stanley wants to work and family institute for sustainable investing the firm plans to make one billion dollars available to improve affordable housing units. the bank is also looking to attract ten billion dollars in client assets to fund projects that are supposed to have beneficial outcomes for the ceo of morgan stanley's new division audrey choice as it's imperative for wall street to lend a helping hand for markets have actually been creeping very important will play in brussels and a large local talent is the alpha. as we look ahead to the globe marketing course on killing people on the planet and the explosive nice is that gonna come with that in terms of food housing education health care. we really believe that government when he came knocking this town has a wild recently goldman sachs launched a two hundred and fifty million dollars social impact fund to invest in projects that i

and you've overseen that at morgan stanley. you've gone from many of the riskier businesses, you're now focused on the steadier revenues there. i mean, do you think that is going to be the key to future success of stability? >> well, i think the financial system is essential and that's why we've had the regulatory changes that we've had. how each firm adjusts their business model is up to their capabilities, they're assets and so on. for us, it was an easy call. we were already very large in the wealth management states. but we saw an opportunity to become a very, very significant part of the -- to provide balance. we were very large in security advisory, m&a, equities in fixed income trading, but we wanted to focus on our client activities. >> too big to fail? >> well, that depends on the country and the markets and the institution. but i think if you look at the regulatory changes that have taken place, it has dramatically changed the outlook for financial institutions and their health and regulators should be complemented on

. >> sony, an upgrade to equal weight at morgan stanley. >> i put it in there because i have to do the end conversion. i figured you could help us out with this. cramer said on "squawk on the street," they raised their rating on stoneny, but they lowered their target to 2,000 yen. like 20 bucks? >> yeah, approximately. >> yeah, from 2100 yen. there you go. so they still see a little bit of upside if you convert that to dollars. ps4, the playstation 4, is out tomorrow. >>> we've also got finish line upgraded. the target was also boosted. >> to 32 from 26 bucks. that's about 20% more than the current price there.

i would in a sense, debank goldman sachs and morgan stanley. i would make sure we enforce our deposit ceiling caps. bringing those caps down to foster the formation of more mid-sized banks that really are better positioned in many cases to compete for the local businesses demands for loans and other services. >> you know virtually nobody in the finance industry is saying what you're saying. why do you think you're coming at this in a different way? >> 23 years of experience gives a bit of a vantage point and seeing the industry consolidate

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take pkg ;01 ;22 ;34 ;50 1;58 hugo manzano/asesor financiero internacional- morgan stanley :34 barryley :50 hugo manzano/asesor financiero internacional- morgan stanley 1:58 cesar ---un nuevo estudio est cesar ---un nuevo estudio est causando polemica en todo estados unidos.. pitch - blanca ---una ---un nuevo estudio est causando polemica en todo estados unidos.. pitch - blanca ---una reconocida organizacion alega que a pesar de informar a los jovenes sobre las enfermedades de transmision sexual, la mayoria de ellos no toma las precauciones necesarias para protegerse. ---teresa alonso nos amplia. take pkg 0:01 0:14 0:42 0:59 pkg segun un nuevo estudio realizado por la universidad de indiana las parejas no hablan sobre las enfermedades de transmision sexual este estudio aborda tambien la necesidad de que haya mas campaÑas de salud publica para promover este tipo de conversacion es.... si ya estamos con una persona debemos ser honestos con nosotros mismos si tengo la confianza de estar ern la cam contigo tengo que tener el amor a mi misma o a mi mismo de preguntarte sobre tu vida pasad

customers goldman, a morgan stanley, flipped it back to us to stabilize the price. that is why it was delayed 45 minutes. they said it would go out at 1015. they had to delay to make sure the price came down it was a little character intuitive the you don't want something that is so realistic -- and unrealistic with the opening at 80 or 60 you wanted where they had it at 45 the underwriters like dash 40. so now here is the of question. the flippers are probably out the back the stocks they sold the stock no detail comes where do they pushed the stock? nobody knows where. dagen: the allocation was less than $0.1 of retail. >> that is interesting if it is less and then do they buy %-they don't want people selling into the ipo. if the sellers are out, remember, wall street builds in the cellars. it sounds to intuitive but twitter doesn't want there first day to trade at $80 a share. dagen: they left all the money on the table. >> then they lose money if they trade at 80 with a market cap of a million dollars it is the money-losing operation then with the retail. dagen:

. >> morgan stanley forecasting similar numbers with expectationings for sony to sell around 3 million units by the end of the year and sony held a pretty dominant lead in terms of hardware units shipped to retailers this year. sony has a lot riding on the launch. >> i think sony, you know, if it wants to get back to make it's own predictions for where it will be in a couple years for profitability, the ps 4 platform has to succeed. >> reporter: sony, once seen as the premiere name in consumer electronics lost luster. the stock is down 50% over the past decade with companies like samsung and apple dominating the space, but this year, shares have bounced back tacking on about 65% since january. goals, like the team at morgan stanley pin their hope on structuring of the company with the pc and tv segment. a strong showing from the ps 4 could go a long way in helping sony win back consumers. josh lipton for "nightly business report" san francisco. >>> elsewhere, one week after twitter's successful initial public stock offering, options on shares of the micro blogging site began trading to

morgan stanley's big charitable trust name, i was saying, why aren't we bigger morgan stanley, we should in california? >> caller: boo-yah, jim. is it time to take a little exxon off the top? >> i've got to tell you, there's going to be a continuing run in exxon now that warren buffett took a $40 million share straight. you're going to hear nothing but how great exxon is because you have a big buyback and warren buffett likes it. wait three days and then sell sell sell. hope in new york? >> caller: hey, how are you? >> all right, how are you? >> caller: good, thank you. what do you think about phnd after tanking on earnings and bouncing back big? buy or sell? >> i have had such bad luck with the laser stories. the laser health stories. i'm going to stay away from this one. it's too difficult for me. i've made too many mistakes in that particular patch of medicine and lasers. francis in michigan. >> caller: boo-yah! thanks for taking my call. from the great city of pataski in northern michigan, i want to know what you think of gentex corporation. they do a lot with johnson controls. >> hu

stephen roach, former chairman of morgan stanley asia. welcome back to the halftime show. >> good to see you. >> you bring good insight on the topic. what are we going to hear out of china? >> you have the right story focusing on the chinese consumer. there are two pieces to the puzzle. one providing opportunities for jobs and urbanization but really changing behavior incentives to inject dna into chinese families to prevent them from saving excess and spending. and that means building out a soeshl sa social safety net. i'm hopeful we see major announcements. >> how successful do you believe that china can be? over what period of time can we really expect real results in moving away from an export and investment-driven economy into a consumption based one. >> i think they're going to surprise everybody by moving aggressively. consumption share of gdp is 35%. our is double that. they've got a lot of low hanging fruit in terms of creating jobs in an embryonic services sector, raising incomes to urbanization. if we don't do the safety net, r

michael shipper here is with morgan stanley here to tell us what they have done locally to help out. good evening. >> good evening. hi, juliette. you know, one of our benefits of doing business in the oakland community has been hooking up and having a partnership with the alameda county community food bank. we have had a lot of sorting at the facilities with our employees there. tonight we have a special presentation. >> reporter: you're hiding something there. it's a check presentation for -- i'll let you announce the amount from the morgan stanley foundation. >> we are happy to present this check to the alameda county community food bank for $50,000 on behalf of morgan stanley and all our employees in the oakland community. >> reporter: that's wonderful. $50,000. tell me what the food bank -- how will this help feed family? >> we're completely thrilled. this will provide $200,000 worth of food in our community. we couldn't be happier. thank you for sharing with us. >> reporter: if you would like more information, go to our website, find out where and how to donate at bay area whole

rest well to discuss that i'm now joined by richard sharma who leads the emerging market team at morgan stanley mr sharma thank you very much for your time now if you break out nations took the world by storm and became a best seller almost overnight but i think one of the reasons why it was such a success is because people tend to react to it in a very emotional and almost political way some people in the brics countries to get as your prediction of the almost immediate demise and some people in the west took it as a promise of that almost immediate recovery but i guess you didn't mean either of that's right i think my point was to sort of speak about the world as i see it and i spoke about some of these brics countries on an individual basis and as i was traveling to videos places from brazil to india i was getting a sense that a sense of complacency is setting in after agreed to a good last decade and then it was bound to lead to a slowdown in reforms and so therefore the good traits of these economies will bound to slow down or to live up to the hyped up expectations so it really is. a very

rest well to discuss that i'm now joined by richard sharma who leads the emerging market team at morgan stanley mr sharma's think you very much for your time now if you break out nations took the world by storm and became a best seller almost overnight but i think one of the. why it was such a success is because people tend to react to it in a very emotional and almost political way some people in the brics countries too good as in your prediction of the almost immediate demise and some people in the west took it as a promise of that almost immediate recovery but i guess you didn't mean either of that's right i think my point was to sort of speak about the world as i see it and i spoke about some of these brics countries and on an individual basis and as i was traveling to various places from brazil to india i was getting a sense that a sense of complacency is setting in after agreed last decade and that it was bound to lead to a slowdown in reforms and so therefore the good traits of these economies will bound to slow down and not to live up to the hyped up expectations so it really is . a ver

jpmorgan stock today in frankfurt just down 0.3%. >>> also in the sector, morgan stanley says it mayirm has worked on before the financial crisis. morgan says the potential suit relates to $3.7 billion in mortgage securities that the bank sponsored or underwrote between 2005 and '7which were then bought by aig. morgan stanley says it suffered losses on seven trading days during the third quarter, down from 12 in the second. morgan stanley stock flat in frankfurt. >>> and new yorkers are heading to the polls this morning to vote for a new mayor. this is mike bloomberg's bids farewell to 12 years on the job. bill deblasio is widely expected to defight his republican rival, joe lehotta. what's at stake for the big apple under a new leader? catherine joins us from brooklyn, new york. what are the polls they say leading up to this? >> ross, yes, good morning. from brooklyn, new york, as far as the voters go, they describe the mood as something to be excited about. as you mentioned, mayor michael bloomberg, he's been the mayor. voters elected into office. in 2001, we will have a new mayor,

a reason morgan stanley thinks thinks sales on clothes will be down this season. >>> the president has personally apologized for those that lost their health insurance coverage. we'll talk about it all with the fox all stars. keep it here. farmer: hello, i'm an idaho potato farmer. and our giant idaho potato truck is still missing. so my dog and i we're going to go find it. it's out there somewhere spreading the good word about idaho potatoes and raising money for meals on wheels. but we'd really like our truck back, so if you see it, let us know, would you? thanks. what? >>> i am sorry they are finding themselves in this situation based on assurances they got from me. we've got to work 45hard to kno that we hear them. we're going to do everything we can to help folks that find themselves in a tough decision. >> president barack obama on nbc apologizing moments ago. he made it clear that he wasn't clear. williams comes with the hill. communist charles krauthammer who's got a book out second only to bill o'reilly on the best sellers list next week. >> you're doing great. >> let's talk a

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tracy: this comes out of morgan stanley australia.ns that all, it is one that is on the austrian stock exchange. >> a big write-off in july to monitor and 65 million, and is ceo just left in september. you know, that is a whole other interested story. let's go back to this notion. and i know that they point to europe, one could argue it is back in balance. >> that is exactly it. subsidizing pulling out. basically low-quality, large quantities. that is actually good because europe has been sitting on this ocean of wine for a while. you go back six of seven years. the eu paying subsidies to turn wine waste into industrial alcohol which is not a place where you want to be. production and consumption is down and then you have the new world, one thing that is interesting about the morgan stanley report that leads of 2013 production which goes wildly up again. you know, the highest reduction in six years over on the world. the u.s. is out. chile and argentina are both up dramatically. and so it is not really looked like a big shortage to me

morgan stanley calling in its forecast, weak sales this christmas. organ says go all the way back to 2008, that's how bad this christmas shopping season will be. and remember back then, not many people were spending that much money because it was the start of the financial crisis, they say it's going to be just as bad this year. interesting that one. we've got a minute till the opening bell, so come on in, larry levin in chicago. on friday morning, larry said we hit 16,000 today, monday. you've got it right. okay, take your bow and then tell us what's driving the market? >> driving the market, stuart, more of the same. that's why i knew 16,000 would be today. 1800 in the s&p today because of the fed, the fed isn't going away anytime soon and janet yellen didn't give us indication what she knows what the word tapering is and sit on our hands as far as the longs are concerned. stuart: that was sarcasm. she doesn't know what tapering is. are we in the situation, bad news on the economy is good news for stock investors. >> absolutely, bad economic data, b

morgan stanley is predicting a global wine shortage by some 300 million cases.lobal consumption of wine and declining productionment growers group, however, say that while 20123's harvest was weak, 2013 looks to be back on track. and we should toast to the production which will pick up the slack. that will do it for us today. next week, dna tests that could save your life. but how much do you want to know about your medical future. keep it right here where we are on the money. i'll see you again next weekend. female narrator: the mattress price wars are ending soon the mattress price wars are ending soon at sleep train. we've challenged the manufacturers to offer even lower prices. now it's posturepedic versus beautyrest with big savings of up to $400 off. serta icomfort and tempur-pedic go head-to-head with three years' interest-free financing, plus free same-day delivery, setup, and removal of your old set. when brands compete, you save. mattress price wars ends soon at sleep train. ♪ your ticket to a better night's sleep ♪ >> imagine a store with no signs in

i like morgan stanley, goldman., the question really is and on its portfolio of these names and wedding time play itself out and see which companies break out first. liz: and dissing you on 20 the 30 different banks, right? >> yes to my own roughly 30 names of a large cap fund. liz: 30 names. is that the best way? etf has really revolutionize the way people invest because they don't want to put all the money and one single man because that's very dangerous. the etf model or your funding model is an opportunity to have exposure of that. >> well, i think the value of a portfolio comes and goes. right now it's a good time that a portfolio of names. when the group is on the performing it is very easy for portfolio managers to step out of the names and not take that down side hit. if you go back to my had a 60% cash in my portfolio. i saw what was happening. of course car it was easy to outperform the index fund. liz: j.p. morgan is in in the you like. you mentioned city, j.p. morgan, goldman. it's moving just slightly l

morgan stanley is predicting a global wine shortage by some 300 million cases.d be the worst shortfall in worse to 50 years due to rising global con sujs op wine and declining production. growers groups say while 2012 harvest was week, 2013 looks to be back on track. wine lovers should toast. we'll be watching that story. that will do it for us today. next week, dna tests that could save your life. how much do you want to know about your medical future? keep it right here where we are "on the money." have a great week. >>> good morning. inside the rampage. a new federal criminal complaint lays out what happened when the gunman opened fire at los angeles international airport. this as the slain tsa officer's wife speaks out. >> he was a very good person. he took pride in his duty for the american public. >>> show of force. extra-tight security as some 45,000 athletes prepare to run in today's new york city marathon since the first time since both superstorm sandy and the boston bombing. >>> and what the hail? a fantastic finish at the end of the nebraska/northwes

joining us to talk more about it is david darst from morgan stanley woelt management. see you. would you put your money to work in this market right now? >> gingerly. you want to be selective. the market run up is 25%. banks are up 35%. transportation up 32%. small cap up 32%. japanese market up 40%. last week we added 2% to europe. 3% to u.s. large cap growth stocks. and 1% more to japan, maria. so, we would be very judicious, cautious, in adding here and selective, yes. >> david, i'm being half facetious about this question, but is there a reason to analyze this market beyond thinking about fed policy? i mean, once you know that the fed is not likely to taper any time soon, is there anything else that matters when it comes to buying this stock market? >> bill, i think the consumer is really the key here. next week, as you know, we get on wednesday the retail sales numbers. they're supposed to be down 0.1%. they've had a very hard time since july. up 0.6%. august, up 0.4%. septemb >> but cisco was horrible, down tremendously one day this week and the rest of the marke

morgan stanley giving the overall sector a neutral view.ed earn, they like the names higher. aetna, cigna, unitedhealth. >> we were talking about this stock just a moment ago. philip morris getting a downgrade to mutual by goldman sac sachs. >> it was removed from their conviction bicyclist earlier this week. they said cigarette volumes should drop 3%. goldman didn't say that. by the way, this was on their conviction bicyclist. the stock is basically down 4% over the past 12 months. if that's your conviction buy, you need better conviction buys. that's a bad call. >> clovis oncology, getting a decent target price boost. >> yeah, it's our under-the-radar mover. stock's up. it's obviously an oncology company, a biotech. swan increasing their target. the stock's at $56.72, that's a 70% upside from here. i'd like to get the analyst on to find out why you need to boost the target when you're still $20 away from your original target price. either way, wildly bullish on clovis oncology. they made a deal for a new drug. >> that is an informal invit

an upgrade to an overweight to equal weight at morgan stanley. they think the u.s.to improve their margins. kind of quietly u.s. steel up over 24% in the past month. by the way, in the same call morgan stanley downgraded nue to an equal weight. >> this is a big one, qualcomm, a lift from goldman sachs. >> i heard jim and carl talking about it. jim had funny comments about the super duper conviction buy list. qualcomm was added to goldman sachs's conviction buy list. they said expanding margins should allow qualcomm to accelerate earnings growth. a market laggard, it's up but less mandy than the nasdaq or the dow on the year. kind of a disappointment to some. >> an under the radar pick, one of the nyse's newest ipos and so many ipos to choose from but we chose this one. extended stay america. hotel chain. >> hey, listen, people are staying in the stock right now, up 16.5% on its first day. began trading on the nyse. opened at $22.75. stock right now at $23.28. if you got in congratulations. hotel stocks overall have been decent this year. wind ham worldwide and marri

analysts at morgan stanley forecast that holiday sales will go up, but only by 1.6%. that's two percentage points lower over the increase the year before. that would make for the slowest holiday sales growth in five years. because of that they predict the holiday season will be the most promotional one we've seen since the dark days of the recession in 2008. we'll see good deals this holiday season but that may not be enough of a good deal for the broader economy. today on twitter and facebook we've been asking you will you spend more or less this holiday season versus last year? jesse said plan to spend half of what we spent last year. didn't budget last year. this year we set the budget in january. anand another sweet, i'm spendig more this year because i finally graduated from college. contact us or leave us a comment at facebook. >>> sales soared in a toy study called kit and caboodle. the reason why has to do with a blockbuster item called the rainbow loom. customers online and in the store will get a 20% discount there is a lot on the line because november and d

what's the morgan stanley view? >> our view is it will be mid 2015.bably be one of the inflation knockouts that goes for the threshold being met. >> that is good comfort being in the middle of pack, though. i like that. >>> now, after beating apple to the smart watch segment, shares of samsung's gag axy are in question. chery has more for us from seoul. >> samsung electronics came up with that figure, 800,000 units in two months. but i would like you and our viewers to put that in relative terms. take the galaxy note, which is the only smartphone model at this point that's compatible with galaxy gear and that's selling by 10 million units per month. that is according to asset securities. there's a discrepancy in these figures and consumers reception. .i also love this piece by "the wall street journal." samsung says it shipped, not sold, 800,000 s-smart watches. so when asked by the journal, samsung acknowledged that this figure is not actually the number of galaxy gears sold to consumers, but rather shipped out to retailers or carriers. so, ross, i g

morgan stanley says this could be the worst year for retailers since 2008. thanks to a perfect economic storm, consumer confidence is low, that was worsened by the recent government stalemate and shutdown. and there's one week less of shopping between thanksgiving and christmas. >>> wells fargo, the latest bank to settle government claims over the sale of bad mortgages just ahead of the financial crisis. the san francisco-based bank paid less than $1 billion in penalties in the case. that's a relatively small cost compared to other banks dealing with similar claims. >>> kraft foods is removing the yellow dye in its mac and cheese products that are marketed to kids. it does not affect the plain elbow macaroni and cheese. the company denies the decision has anything to do with a highly-publicized online campaign about the health risks of yellow dyes. instead, a spokeswoman says they're just making the food healthier. >>> expect to see long lines outside the apple stores this morning when the tech giant's new ipad air goes on sale. the full-sized tablet feature

jp. >> morgan stanley, i'm sorry.re were a lot of things they probably said morgan stanley, we're big, but we want facebook and we'll do whatever you say. i think this was goldman sachs saying twit, this is how it gets done. >> david, great to have you on the show. and let's hit the big story this hour. and that is triple-digit losses on the dow. you know, bob, we actually opened in the green, and we're continuing to lose steam here. the nasdaq in particular which has been the outperformer so far this year has been really starting to underperform. what's going on? >> well, what's going on is there's a slight change in the way the market is trading. so, for example, hedge funds, active traders. going into this week have been long beta names. so beta names are the teslas of the world, the chinese internets of the world, the facebooks of the world. you know them. the stocks that trade heavy volume every day and have wide price swings on a daily basis. they've been long data, and they've been short defensive names. so sho

. >> downgraded from underweight to equal weight at morgan stanley. >> stock down to $15.88.arget price at 13. that's about 2 and change almost 3 bucks actually below where the current price is. they said they like the story long term. stock's come too far too fast. saying sell n individual ya because our price target is below. >> american electric power, pop from morgan stanley. >> up 1%, upgraded to overweight from an equal weight. their target on aep to 52 from 44. see about four -- 375 upside or so. the stock has had a good run the last couple months. >> we've got a big landowner getting an upgrade. >> not a name we talk about very much. it's jacksonville, florida, based, seventh largest private landowner in america, own about 2.2 million acres, upgraded with a price target of 52, that stock at 44. they see a pretty good amount of upside left. the stock had a huge drop. >> look at that. last couple weeks. >> last couple weeks. they're trying to come to the defense of rayioner, a forest company. if you believe in housing and lumber, that's the story there. 130,000 people a

morgan stanley is here with a bubble warning on the auto industry. that and much more is coming up on "the half." with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> welcome back to post 9. first solar is leading higher today after the company reported a solid quarter that beat expectations. the company is up more than 90% on the year, and it certainly is not the only solar stock on a major tear. would you take a look at the gains? holy cow! sunpower, solar city, seen monster rallies. i mean, throw it out there. fundamentals, guys, or bubble, pete? >> i think there are bubbles inside of that category you're looking at, but first solar is not on

david darst of morgan stanley wealth management. >> hi, david, my dear friend. >> you're more weepier is. >> your fans, she's more beautiful in person, you've asked me this question, than on television. >> so are you, by the way. >> she's is wonderful to her staff. she follows john wesley's rule, you want to basically do all the good you can in all the ways you can, in all the means you can, in all the places can you, to all the people can for efrl as long as you can. that's you, maria. >> thank you so much. i'm coming back, you know. i'm not going to far. i'll be back soon. >> do you like the market here? >> we like the market here. >> open -- >> we're ten points away from nasdaq 10,000. >> we've been saying all year, it wants to lift, it wants to move higher. that's a great sendoff to maria. but with god. the market is in a go with god mode right now. >> melt-up into year end? >> basically looks that way. >> even if interest rates continue higher, long yields continue to inch higher and the stock market is still going up? >> it's up 100 base points it's at 275 right now. the fed sai

morgan stanley predicted the worst shopping season since 2008. that was the predict for this season. jcpenney's and macy's will open on thanksgiving this year instead of waiting for the next day which is black friday. >> head to the sierra. boreal mountain resort is opening lifts again tomorrow from 10 to 2. it opened at noon today for the first time this season. it's the 50 time in five years they didn't open in october, but only missed it by a day. >> we are so excited to be the first over here in california. they will be out here today. >> not a whole lot of snow, but it was enough for skiers to enjoy. >> if you are not shredding tomorrow, you can hang out in the bay area and chill out with jeff ranieri and the gang. >> why not? if you can find me, hang out. let's take a look at that weekend. colder systems and windy weather over the next couple of days. they managed that and track with the rainfall which is part of the north. we will get that colder air back behind the and we will see that wind increase. saturday does look like the event day

. >>> build out insurance aig may file a lawsuit against morgan stanley over 3.7 billion in mortgage backed securities it bought. they are trying to settle outside of court but regulatory filings show a lawsuit from aig may becoming soon. >>> talks between another major bank, jp morgan chase and the justice department appears to be back on again. disagreements over a 13 billion-dollar settlement hit a snag over a separate multi billion-dollar settlement, the deal reached with fredy may and fannie mac. >>> johnson & johnson and the hedge fund sac capital would pay 4 billion-dollar to settle long-running crime anytime investigates but the government didn't charge individuals in either case and that has some in the world of business and law questioning whether companies can commit crimes if their executives don't. james steward, columnist at the new york times weighed in that debate and joins us now. jim, welcome, good to see you. >> thanks, tyler. good to be here. >> can you have criminality on a corporate levels? >> you can. they can act together to commit a crime in a way that any in

morgan stanley released predictions of a wine shortage. the short fall is due to bad weather and fewer vineyards. but wine makers say they have already seen above average yields. >> i think over all california in general is doing pretty good. >> last year we produced about 1600 cases. this year we are producing about 2100 cases. >> many of the wine makers in this region agree demand is up but so far production is keeping pace. they say fear of a shortage could be based in europe. >>> time is 4:51. coming up a push to shut down an east bay bar. what has so many oakland residents on high alert and the reason the bars owner says closing its doors isn't the answer. >>> and new information about the is mission in space. >>> welcome back to the ktvu channel 2 morning news. some people who live near oakland's piedmont avenue are calling on the city to close down a bar after two shootings in one week. neighbors say a man was shot saturday after getting into a close fight on piedmont. a customer was also shot last weekend while walking to his car.

and we also do know not just from the retail federation but from morgan stanley, this will be the slowest holiday -- let me finish. you're asking me to do the math, and i'm doing the math for you. >> to contribute it to health care is wrong. >> i know already, not factoring that in, charlie, it's the slowest holiday season in five years. >> but what does that have to do with health care? >>> ben stein hit the nail on the head. there's a malaise. that's the bottom line. there's a malaise, and we know it. this is 1979, 1980 all over again. so it does not help. that's why i said there are a lot of nails in this coffin. that's why i said it was the final one. >> except that there's not massive inflation. there isn't an energy crisis. i mean, you know, you can -- again, i think you're presuming your own political interest in wanting that malaise to happen. >> i don't want it to happen. i want the economy to do great. i want the stock market to go straight up, and i want to make a lot of money. for my life, if the economy was booming, i would be so happy. and i think everybody here would be. i

jpmorgan up 1%, morgan stanley, new high by the way, highest levels since february of 2011, and bankellon a i new high as well. what's going on here? why are they downgrading them by one notch? actually doing this because the previous ratings were based on government support, bailout support, more regulation, right? you have dodd-frank. now what is actually going to happen is these banks are going to have to count on themselves. i don't know what you want to call it, but they're going to have to shoulder more of the responsibility, and with that, that's why they're doing this downgrade. back to you. connell: thank you, nicole. all right. with the housing market continuing to recover, the commercial real estate market also heating up which we're going to talk about for the next few minutes. it's number four, the emerging trends in real estate markets to watch lists for real estate investment and development. dagen: and closing over 50 deals on new york's top hot spots, president of hicken real estate and -- picken real estate and danielle has a new tv show as well. when did it, when d

morgan stanley crushed earnings and is a great turnaround story. the other name i really like is michael kors. they are just absolutely crushing coach right now. if you're in the mid-tier or high-end luxury brands then i like michael kors a lot. > >what are you staying away from? > >coach. and i would be staying away from tech. i think apple, facebook, twitter, google are all probably dead money for the next few months. > >good to have you on the show. have a great trading day. > >thanks for having me. there is a significant push throughout american business to hire veterans.edward jones and other financial firms have programs to recruit men and women who've compeleted their service to our country.but as our cover story explains, it is a mission that still has challenges on both sides of the job interview. rob smith of mandeville, louisiana served in iraq and in dozens of other countries. after twenty years in the marines, he came home to his family and became one of the first veterans to enter a program sponsored by financial firm edward jones to

moody's lowered debt ratings by a notch to jp mrgan chase, goldman sachs, morgan stanley, and bank of new york mellon. moody's confirmed ratings for citigroup, bank of america, state street and wells fargo. moodys says all 8 banks are rated as investment grade and have a stable outlook. president obama is calling on his supporters today. following a rocky start to the massive insurance overhaul, the president said he'll hold a conference call with supporters today to discuss immigration reform, healthcare and more. meanwhile, both sides of the aisle are looking for a fix in light of the recent changes to obamacare. friday, the president met with insurance executives to brainstorm ways to fix the current situation. the president met with insurance executives to brainstorm ways to improve the current situation. " because of choice and competition, a whole lot of americans who've always seen health insurance out of reach are going to be in a position to purchase it. and because of the law, we're also going to be able to provide them help even if they are still having trouble purchasing t

rest well to discuss that i'm now joined by richard sharma who leads the emerging market team at morgan stanley mr sharma thank you very much for your time now if you break out nations took the world by storm it became a best seller almost overnight but i think one of the reasons why it was such a success is because people tend to react to it in a very emotional and almost political way some people in the brics countries stupid as your prediction of the almost immediate demise and some people in the west who could as a promise of that almost immediate recovery but i guess you didn't mean either of that's right i think my point was to sort of speak about the world as i see it and i spoke about some old. brics countries do on an individual basis and as i was traveling to various places from brazil to india i was getting a sense that a sense of complacency is setting in after agreed they could last decade and that it was bound to lead to a slowdown in reforms and so therefore the good traits of these economies were bound to slow down and not to live up to the hyped up expectations so it really is