the leaders morgan stanley.n stanley has a very i see relationship with the nasdaq following facebook. that thing blew up. in particular bob greifeld and morgan stanley ceo james gorman have a frosty relationship. if you are going to gain that, give odds now, given the fact that morgan stanley is the lead underwriter for the ipo of facebook and bob greifeld and bormann do not get along i know that for a fact you got to say nyse-listed has the lead as of now. doesn't mean it won't change but got to give them the odds on favorite. liz: you have not mentioned jack, the founder and head of ali baba? he has a relationship -- i don't know if he does but yahoo! owns a stake in ali baba. yahoo! was on the nasdaq and there are all kinds of tentacles and degrees of separation. can't turn to morgan stanley and say i don't care what you think. is a personality to be with the nasdaq. >> i can tell you usually that is why they won those in the past because all the tech firms have generally been there but things are different

morgan stanley.tiful double-bottom. a nice trim line over the last year and a half. and we're toying with the prospects of finally getting out of this range it's been in. and here, too, a lot of asymmetry relative to the market. finally, here's kohl's. and kohl's has been sideways for five years. here's the absolute chart. this is incredible. basically, a major asset, without any character or said differently equilibrium. and all periods of equilibrium comes to a an end. the standoff is going to be up. and a breakout from what has been a five-year going nowhere kind of situation. >> carter, for the first two, are you saying they're buys? or relative to the s&p, a trade only? >> all three buys, absolute but relative. we think the market has limited upside, if any at all. it's asymmetry. you trade off -- eke out gains in the s&p? sure. but youç trade off downside ri. the individual securities, have limited downside risk and all sorts of upside, if they play catchup. >> quick question on kohl's. you sa

it was a double for morgan stanley. double the amount of buy backs, double the amount of dividend increase. it's just right along the path that we thought for morgan stanley. half the company is wealth management. those advisers are engage with the customers. more activity. the other half of the company is an optimization story. they shunk the fixed income business at the same time. >> mike, is there anything -- citi is negative news yesterday i think is going to prompt a move. a lot of talk t from the bullish side on citi is there's going to be a break-up in the company. you touched on that. the whole banking sector after starting off strong this morning has rollinged over. i'm wondering, do you see anything in the positive -- rolled over on the day, that is. do you see anything on the positive numbers on the morgan stanleys and jpmorgans beneath the headlines that should be cause for concern? >> the big positive in the banking industry is that the capital ratios, equity to asset is at the highest level in eight decade

well, when morgan stanley took a closer look, they didn't like what they were seeing. hence, the downgrade. the title of their report, and i quote, "sales expansion, yet heavier investment ahead downgrade." morgue al arian stanley acknowledges that they are growing like a weed. that's the revenues. they say the sales growth will be more than offset by the company's aggressive investments, which will result in lower than expected margins. let me walk through part of the record. bidu will continue to invest aggressively and infrastructure, rnd, and promotion. the management guided from no profit growth this year, implying the full year margin will drop another 11 to 12 points. wow. the morgan stanley downgrade is all about their profitability. not revenue growth. how the company is going to have to spend too much, and, therefore, won't be able to grow near term earnings as fast as they had thought. legitimate concern. now, what about the upgrade for the super bullish 238 upgrade target? $68 above where it went out tonight. this one is all about bidu's rapidly growing mobi

adam parker with us from morgan stanley as well.e, if i look at this debate, to me it is the haves and have-nots. you have some have-nots in houston. what do republicans get wrong about the affordable care act debate? >> i will tell you, it is always arbitrary when you look at the fact that people have medicare at age 65 and they can have some of the best medical care in the world, but somebody just a few months before or a few months younger has the same condition and they can be condemned to death or bankruptcy. that was the problem of the system. personally, i have a problem with the affordable care act. >> what is your problem with it? >> we are running immense deficits. before you start expanding benefits, then we need to start paying for some of the benefits that we are ready have. >> within this, dr. harris, the idea of fiscal responsibility, the budget is improving, isn't it? >> we cannot hardly call hatchling dollar deficit and improvement -- half chilean dollar deficit and improvement. we've had $10 billion in subsidies th

aggressive buying in morgan stanley today. but it was across the board for the last several sessions that we've seen banks being accumulated. morgan stanley, most of us don't think of it as much of a bank. but they were part of the stress test. and they are one of the beneficiaries of rates going up because you took smith barney and morgan stanley. their brokerage unit. that makes them more like a bank. >> let's talk about zions, though. the stock up over 3% today. you say on the back of this, they're going to give it all back. if you look in the after-hours, i don't think it's giving it all back. i think it's down less than 1%. if this stock opens higher on the day tomorrow, i think the trajectory is probably higher for a bank you have a significant short interest. in terms of how it's trading today. how you want to construe this news as being. it's not that negative. this stock could open higher in the day. >> to your point, the regional banks have traded well. there's been upside activity. the kre hit a 52-week high today.

morgan stanley, same, jpmorgan, two things. a good sign for stocks overall.financials leave. two, any left in the bargain? bring in jeff, aside move to the other b. banks. any stocks you still think are underguided? >> generally the financial space, yeah, a decent run, but the economy's getting better. that's good for banking and finance. then they should be leading pt the names i like in large cap space lead off with jpmorgankind of underperformed year to date, but that's really due to all the headlines and kind of things we will to deal with last year in the litigation front. as i look to this yeeshar, i th earnings will be a lot higher, better than people are expected. obviously things good in the economy are good for jpmorgan. i look at that stock as trading just over eight times next year's earnings. investment banks, goldman, morgan stanley, tradingç just north of 9. typical bank north of 12. a big valuation discount. the fundamental performance of jpmorgan will prove strongly this year to see that multiple expand. >> kind of a transition year. right?

look at mary at this was a solicitor in advance for morgan stanley and he was brought in to advise morgan stanley on this transaction market so he was acting effectively as a major retreat into this transaction to one line shown things position the position he held a ninety two has cf teases us with a hearing in this finance the transaction was unusual on a number of fronts not least because i'm his involvement he said typically when people buy shares in listed company. they don't involve the actual issue of this year so it was unusual and i don't have the power of attorney over the shares. he also spoke about the involvement of the irish financial drag making nature and he said and i quote he said he seemed to have sort of salt this transaction to happen. he said he might speak to rake in nature to see if they were comfortable with the transaction but he said he would often see ranking nature take parker seemed to suggest that the transaction should take place he said that was something he hadn't seen before. he also said that the irish regulator had agrees to take a color or make a call

morgan stanley doubled its dividend and announced a new buyback of shares, as well. the first time it's done that since it finished the purchase of morgan stanley smith barney. and wells fargo, a buyback of shares. a slight increase for wells fargo. we want to look at the bank of america chart. while the buyback is news there. we can't look at the tape without mentioning that it did just ink a $9.3 billion settlement over bad mortgages that countrywide and merrill lynch sold to fannie and freddie. that's part of the contribution of the traders at bank of america. the one that everybody will be talking about is citigroup. for the second time, getting a rejection from the fed. this time on the fed calls, qualitative issues. it says that the capital planning process wasn't up to snuff. it didn't do a good job of engaging its risks in its global business unit. it saw a $6.4 billion buyback. because of that rejection, now, it's going to hold the status quo, $1.2 billion in buyback this next year. that's the same it's been since former ceo, vikram pandit, had in 2011. the

when rates go up is it the for morgan stanley? adam: you are on my wheel house. i manage the bank for 20 years and was part of the alto committee. what happens is interest rates as they drop are positive when we are dealing with losses. your customers need to pay their payments each month so what you're getting past the first part of the recovery which is the loss that we have gone through the banks are trading at discounts with big loan-loss is. interest rates are favorable in that scenario. rates get too low so on your balance sheet you have a flat yield curve lending is out here at a certain point, your deposits on the shorter end and that squeeze happened when rates get so low you can get below zero so you can't keep lowering deposits too far. >> why is morgan stanley, a brokerage firm, different types of markets, why do they think it is great to have low rates? that is the excess money every brokerage account has. >> deposits coming at the brokerage houses, a minimal rate. you need higher interest rate to make some spread over the funding costs. >> put your

adam: that was the name and morgan stanley.dam: we asked folks what it would take to keep this housing recovery as the market picked up. i got a response from philip rich edson who says jobs, full time job employment, thank you for responding. do corporations have a right to religious freedom? that is the battle playing out at the supreme court. we will take you there live, kathleen sebelius vs hobby lobby. >> seasonal softness isn't the bottom. our next guest on why he says it is the unconventional housing recovery that is troubling him. adam: tweet us that cheryl casone, what you think would jump-start housing. cheryl: home prices and new home sales dipping, winter weather and higher mortgage rates continuing to drag on the sector. tim route is joining me. we should let you know our twitter question of the day is the following. you have two more lackluster housing reports. what is it going to take for housing to pick up at this point like it did last year? >> your guest or the person writing in mail that. jobs a lot of proble

that's our morgan stanley. >> joe, talk about that. the bad weather. that has people trying to figure out how much is bad numbers simply one off, and how much is a decline? . >> three off. really bad weather in december, january and february. and i have been a big bull on growth. i agree with adam's assessment of stouks and how they will behave. the argument about weather. evident in employment data. theorists ask people, did you have a job? yes. did you go to work because of bad weather? no. did you work part time because of bad weather? yes. in fact, in february, almost 7 million people could not work full time because of the weather. so this isn't joe lovorna giving an excuse, data suggests weather was a factor which means there should be a big snap back at some point in the spring. >> just in terms of the bull run. how long would you expect? five years, getting long in the tooth? >> we at morgan stanley have been wondering if the cycle could last as long as 2020 this time. you didn't have a strong recovery off the bottom. more of a muted recovery.

actually i think morgan stanley who compiled the list is probably the best investment. but it's a very helpful sign that markets are strong because who wants to take over a company if you could see it sell off and get it cheaper than it is now? scott: unlike alan i actually did my homework. you can tell by his answer that he didn't and that's why he's dressed in black and he's the undertaker. but because of the knuckmancare i.e, obamacare i think that ultimately some of these insurance companies will be benefactors. i like cigna and aetna alan: private market insuranceeverybody believes in it. scott: at some point in time down the road these insurance companies will benefit so i like those too. angie: topic number 2pay grade. which high paying company is a stock buy? scott: my 2 i picked were google and visa. i'm a big user of both unfortunately with the visa but i like those 2 companies. visa counteracted some of the negative feelings about the company with even more payso i like to think it's all about the money. alan: i like yahoo. yahoo has had a little bit of a pul

chief executive officer don matrix spoke at morgan stanley tech conference monday announcing plans to launch pablo programs for its real money poker game in addition, checked for coming months announcing move mobile versions of the popular game, words with friends, mount gox -- zynga poker as he pushes his turnaround plan. the company has been criticized for failing to move to mobile fast enough. don't let today's action full year, the stock is down 40% over the last three years and there's the three year chart on zynga. for all of you car enthusiasts out there, here is something that will send your hearts racing. i hope adam shapiro is watching. lamborghini has unveiled its new model at the geneva international motor show. that is today. this is a big deal for member jeannie because the carmaker is only -- they make two cars. it will succeed. lamborghini -- in the automaker's line up. the car is a hit. it has won a thousand free orders during the month-long world wide private tour. there would be vip clients. which country will have the most need for speed? and a first on fox busines

the head of wealth management at morgan stanley.wants a stay at morgan stanley, he thinks he is possibly in line. possibly a lot of people talk about greg fleming going to black rock if he somehow retires or goes to work in washington and becomes treasury secretary, but this is really interesting from the carlisle standpoint what we see is a major private equity firm going out trying to woo top people from wall street. because like never before the private equity firms are now in pursuit of wall street type business more than ever before. when you have all these regulations of the banks and wall street firms company lines of business these banks are hamstrung, they are too systemically important. they have not come under the same regulation. so carlisle, blackstone, they can lend money and they need the wall street people with the expertise. that is what this is all about. he was the cfo of jpmorgan. this is signaling something terribly and wall street the private equity firms more than ever before to me this is an excellent nation

we heard also from a witness from morgan stanley to tilt investments by kite that the transactions on behalf of the entire spanking she liked thousand and eight when thomas gave evidence from none to get the deal link to expecting this from morgan stanley to the saints marcia or no dumping cute long before women in the highlands on have reported being victims of violence according to figures in the new eu study shows the third of women across the european unit suffered sexual or physical violence shocking figures not least because they show that much violence against women goes on report. he always knew that the reported figures as in trying to take this it's nice to have a case is being taken to court everybody knew that those figures were adjusted to the iceberg. so decided the expertise in on us. the survey talks to fifteen hundred women aren't that found that one in four had suffered sexual and physical violence at the hands of a partner are non partner. the physical violence range from being pushed ourselves to hair pulling to being the birds stopped our shop. being pushed oursel

he told them he had no tea tent or documents to the celtics and the lads morgan stanley to make sure all of a cute area climates but complied with he says he raise the issue of whether or not that i'm spending money in relation to the tn to the baggage area car she was concerned because they did not want i go to increase its exposure to the quinn group. when o'donnell rte news at dublin circuit criminal court the point of earnings chief executive reaching the chair was painted a totally new ration package of eight hundred and forty three thousand euro last year the figure published in the company's annual report is unchanged from the previous twelve month periods. mr boucher continue to wait sixty seven thousand your office curry and the new standard oven and put it on or she have confirmed that they are making contingency arrangements. the present four hour stoppage by step to shut you up for this friday the sentiment proposed cuts in pension benefits due to a seven hundred and eighteen million euros. dr says in the aviation pension scheme both the gaa and ryanair hot sauce an injun

morgan stanley in particular. but bank of america, merrill does well as well. >> old tech breaking out this week is significant. you've got pretty good gains, murph, across the board and microsoft, some of these others so-called old school tech that are looking new again to some investors. >> absolutely. and microsoft, pete's been on this one. he said it would get over 40. that to me is the really interesting one here because they have been able to reinvent themselves. the stock was down in the high 20s not too long ago. coming out with forget the ceo. actually looking like a brand new company here. i'm going give in to pete on this. i think he has been right so far. but i think a lot of old tech names are going to work. one that hasn't yet and i don't know if it's really old tech but call it middle age tech, is apple. when n. all this rally that we've seen you haven't seen apple do anything. >> questions about the growth. >> right. >> at apple going forward. >> whether or not they're going to use the money in the

cheryl: rack space's stock jump after upgrade from morgan stanley. "wall street journal" says rack space's sales should benefit on focus of cloud computing software after a dismal 12 months. "after the bell" starts right now. david: time to break down today's market action. we have paradise asset management chief investment officer who says u.s. equities are overvalued. jonathan brodsky will tell vest why they should reallocate gains and larry shover joining you from the consider me. larry i want to start with you. as i mentioned before volume not very strong today. is there lack of conviction in this rally? >> i think so. very, very lumpy day. we hid hard out of the gain, a strong, robust opening today and gave way to general apathy and indifference to the market. seems right now we're in this range of 1840 to 1880 and traders are no different than the fox people watching television right now. we want to know what is it going to take to get out of this range of 1840 to 1880. given that it makes people not trade this market. they're on the sidelines.

, morgan stanley, and deutsche bank.lions in fees. >> exactly what is ali baba? >> it is the blank of china. it is the google of china, the amazon of china, the paypal of china. in many ways it is the twitter of china. they have a big collection of e-commerce websites. 28 partner companies. their payment unit alone is 800 million registered users. they dominate the postal service. 70% of chinese packages are reportedly mailed from ali baba. >> it really is china. and it wants to ipo here. the founder, jack mark, what do we know about him -- jack ma, what do we know about him? >> he started as a teacher and he kind of some of onto the internet while helping as a translator, helping some business people get a deal done. he learned english while listening to voice of america. he does mass weddings for his employees once a year. he is an interesting character. and he has an interesting view toward corporate governance. at one point, he tried to take the business out of ali baba when yahoo! was trying to threaten to sell thei

morgan stanley sees a risk of deflation at 35%. the offers say that the president risks making the same mistake as the bank of japan decades ago. top u.s. and russian diplomats meet today to discuss the tensions one day after vladimir himn said that he saw him no immediate need to invade the ukraine. spoke on the phone with envelope merkel -- angela merkel for one hour yesterday. tosia is considering a loan pay the natural gas exporter and the gas supplied to the ukraine remains at the center of the economic relationship between the countries. ryan chilcote takes a closer look. square, thendence speaker calls on the men in the crowd to sign up for the army to take on russian forces and the expectation here is that the next front may not involve troops at all. the ukraine relies on russia for most of the energy and relies on national cat -- natural gas. could punish the ukraine by cutting the gas off altogether. gas, russia turns off the what would you do? turn it thery to other way. gas.a cannot misuse square, on independence they

morgan stanley and regions financial. >> yeah. morgan stanley we have a buy on that.did fairly well in the stress test. admittedly a little below our expectations. what we have with morgan stanley is a revaluation story, as the company's becoming more and more wealth management driv and less and less trading driven. over time there is a multiple expansion story there. we still need a lot of work to get excess capital out of the company and turn around the trading operations, but we think more than any bank, really, of the universal banks, they've transformed best and ultimately we think regulators will like to strategy. in terms of regions, tom koevs that here at mccrory. we view that as a turnaround story. a lot on the expense side, also we don't think they get credit for how asset sensitive they are. should interest rates rise in 2015 heading into 2016, that couple with express reduction should be a strong capital for the shares. >> appreciate you coming on. >>> switch gears from banks to retail. shares of lululemon rallying up 5% after putting mixed quarter results

goldman and morgan stanley, we should note, had no cross border assets there. citigroup had the highest at $10.3 billion. $6.5 billion of that is in direct loans to consumers. they have 45 branches across russia and the only american consumer bank to operate there, it has no consumer presence in the ukraine but did warn in its recent annual report that volatility could put some of its $600 million in third party assets at risk. a spokesman would not comment beyond that disclosure. last week, jpmorgan's ceo jamie dimon said the single biggest risk facing his bank is geopolitics. there has been no actual change in business for the banks but that could be different for the rest of the american economy. >> we could feel that here in the u.s. economy in a few different ways. obviously rising gas prices along with energy prices on the rise in general. already trading near the highs of the year, partly on concerns about supply disruptions with russia and ukraine. higher grain prices as well or even food prices. ukraine, remember, is a major exporter of wheat and corn.

sherman williams timely upgrade yesterday by morgan stanley.hese stocks are not expensive. >> did you really just get off a plane? >> yeah. >> i don't believe it. i don't believe it. you slept in your own bed last night. no way it could possibly happen. >> no, i was on seat 4-d. the rest of the team was in the back somewhere. i don't know where they were. steerage, they were in steerage. it's like the -- not the titanic, because we got home. >>> coming up sally smith with her game plan about big business in march madness, but first -- >> starbucks! >> what a moment that was. starbucks and oprah making a brewing connection. see what the company's ceo howard schultz told jim about that. >>> let's take another look at the futures a day after the fed. still an implied open that looks negative. down 50 for the dow. the s&p and the nasdaq look like they will be negative off the open as well. more "squawk on the street" live from post nine at the new york stock exchange when we come back. about life insurance. but when we start worrying about tomorrow

morgan stanley also getting a positive read from the federal reserve. no major surprises?ow, you saw that bank of america and goldman sachs had to resubmit their amounts, shave them slightly. i think the fed was pretty tough on the largest banks. >> robert albertson, wholistic view, obviously the point of this exercise is to see if the banks are on solid enough footing can handle severe turmoil. last week's test combined with this week's test, are you satisfied they're in a stronger place? >> the overall the message is these are battleship and maybe two or three have to close a few more portals. i can understand the short-term implications for those who didn't quite pass. you have to put it in perspective. we have a 30%, 35% higher capital base. we have trillion dollars of losses written off. we've got now five stress tests they've gone through. $200 billion at least in terms of litigation costs and reserves. by the way, that's bigger than the t.a.r.p. was back in 2009. and asset growth is very slow. so considering all that, i think this -- you know, the general message is

my stocks are apple, costco, lows, morgan stanley and wells fargo. >> interesting.lls fargo continues no doubt inspired wii warren buffet. we have got apple which is a tech company. costco is a retailer. morgan stanley is financial. lows and costco, two fine retailers but we can't have that. what is our de facto default play when we see these two? of course, it's bristol meyers. we continue -- oh, no! that is the end of our special tuesday edition of wednesday's midiversified. stay with cramer. so i c an reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. [ chainsaw whirring ] humans -- sometimes life trips us up. sometimes we trip ourselves up. and although the mistakes may seem to just keep com

my stocks are apple, costco, lows, morgan stanley and wells fargo. >> interesting. love for wells fargo continues no doubt inspired by warren buffet. we have got apple which is a tech company. costco is a retailer. morgan stanley is financial. lows and costco, two fine retailers but we can't have that. what is our de facto default play when we see these two? of course, it's bristol meyers. we continue -- oh, no! that is the end of our special tuesday edition of wednesday's am i diversified. stay with cramer. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> i can't believe i get to sit down with nordstro

morgan stanley is one of the underwriters. barclays is one of the underwriters.y it if you're a retail investor. hedge funds are in here because they see trading opportunity. coupon is below 10% which i don't think you can get compensated enough for. do what you want. buyer beware. adam: a bridge in brooklyn. charlie gasparino, thank you very much. >>> going hog-wild, traders are saying record-setting pig prices. we head to the pits to see who is bringing home home the bacon. cheryl: you got to know to hold them or in this case know when to say when. the $5,000 hangover is coming up in your west coast minute. ♪ in the new new york, we don't back down. we only know one direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com cheryl: time for

ron is long-time broker formerly of morgan stanley. we all know what she is is. on steroids. adam: a little shorter. >> right. maybe not the muscullr, but in terms of policy, she's a dove. i don't think, the markets like this stuff. at some point i think logic dictates when you print -- adam: four trillion on the balance sheet. >> if you put something, make enough of something, the price goes down because you know, there is more, more quantity than people buying and that is what we're doing with our dollar right now. cheryl: it will be interesting to see how she respond to reporter questions. she will be asked about everything. it will be no-holds barred. >> eminently qualified. she was more qualified on paper than summers if you look at her background. she is really a lefty. she believes in the heavy hand of monetary policy to cure all evils and ills. adam: you get last word. i wonder when you call their sources, how you react, the dreaded word this is charlie gasparino. >> the sources don't mind talking to me. it is other people. cheryl: thank you, charlie. her

we are joined by an economist from morgan stanley with a huge research note.be surprised if they saw your note on gdp. is it a bad thing to have a two percent economy? >> growth over time creates wealth. gdp, it is a bad thing. >> is a bad thing. -- it is a bad thing. is there a policy prescription to get back up to 2.5%? >> the first thing you have to ask yourself is how we get to two percent or three percent 10 years ago. we had a severe financial crisis. we had equally performing economy and physical capital stock. we are growing more slowly. some things we can change and some are harder to deal with. our population growth is slowing. we are getting older and demographics suggest that there is a secular downtrend. >> that is why we go to morgan stanley and we are finding out that we are all getting older. >> we are. i would like you to connect the dots to inflation. the efforts to boost inflation have fallen short and it has not gotten there. part of it is that stabilization. wife that that -- why is that bad? >> the federal fund rate and the nominal policy

sort of activity you see the rush for these fees, this is why i like companies like goldman and morgan stanley because they're going to earn whopping amounts of banking fees from these sorts of transactions. i would stay away from them unless you're getting the opportunity to flip them, frankly. more importantly, on the competitive position that people have in momentum stocks, if you look at netflix or amazon and closed your eyes and held them since their ipo, you did super, super well. so you have to just focus on what you think is high quality. for myself right now on the momentum side it's google and facebook. those are two names i still think ask support the valuations that they have. >> this question on ipos. you've got relatively small floats going out. the expectation of secondaries coming down the line. lock ups expiring and big floods of stock coming on the market. how concerns is that? jim cramer would say that one of the biggest risks to the ipos is this run-up and the rush for the exits eventually down the road. it's the insiders sell that starts the tide going the wrong way. >> ri

any thoughts on morgan stanley? >> i actually don't follow morgan stanley closely.ere. that was a few days ago. i see him as the best bank analyst out there. this is his top pick, it's actually very intriguing to me. sorry, don't have an answer. >> the flipside is that he said he was going to go to the citi meeting. and you're a shareholder of citi. he was skeptical of that story. do you think you should re-evaluate your position here? >> it's not an either/or, though. we can do both. >> this one's for dan. listen up, dan. heavy call buying in china mobile today. particularly the january 2015 expiration at $45 and $50. any thought? >> this is tim's playground here. this stock is down 13.5%. trading at multiyear lows here. if you're in a market where there's a lot of uncertainty and playing in the most uncertain playground, it makes sense to define your risk. you think about what the buyers were paying for the calls to have that risk, i think it makes a lot of sense in a name like this. >> tim? >> yes. >> help with vodafone, please. nice and polite. >> after the pull

so we took gains in morgan stanley but we actually just bought goldman sachs today. we have owned bank of america. we like jpmorgan. i think those are good. i think the insurers have actually lagged like hartford and aig. interesting name at this point. the industrials, they, too, have lagged in general but i would look to a honeywell which just reiterated numbers yesterday and is trading at a discount to the group and emerson also has been trading at a discount. i think there are pockets in each sector that you could be buying. i think you have to be doing very much stock-spescific homework. >> the theme of our show today is trying to find value in the markets and speaking of that a little bit later woo we're going to hear from another baron's tom 100 financial adviser. it's great to have this gentleman with us. he's going to say that you should be buying up what the rally has left behind. he's going to tell you exactly where to look and what he likes right now. we're excited to have that later in the show. >>> it is hard to believe it's been five years since the ma

. >> when morgan stanley and i believe it -- when they put the piece out on batteries, gig watt factory. now, it the doors have blown off. you're not looking it as a technology company. you're looking at battery supply company and an auto company. you're able to call it something else and you're able to put better valuation on it. >> i believe there's a space outside in times square. >>> next up, a look at what's happened at coach today. jumping after a report was released, that revenue will be above the street consensus. let's bring in matt jacob, why are you much more confident than the street? >> hi, thanks for having me. our research indicates although coach continues to lose share as it has over the last couple of years, this trend isn't as bad as the negative expectations that the street has for the company. >> which do you prefer, kors or coach? >> think kors is also tracking ahead of expectations and we're certainly more positive on them longer term, kors continues to take shares in space. kors is taking shares directly from coach. >> question, coach to me is a company in tran

chief asia economist morgan stanley. on success, a special report. ♪ fort is a busy week ahead u.s. policymakers. they will meet for the first time under new chairman janet yellen. lawmakers may be out of town this week, but we still have a big week of washington news. yellen's first press conference on wednesday after the federal open market meeting concludes. she has pledged to continue the fed paper as long as the economy continues to strengthen. point tos say signs seesmo see producing -- smo -- fmoc. we will hear more from the fed on thursday to assess whether the nation's largest banks can weather another financial crisis . such prospects will be far from investors mind as we hear from meg whitman, ceo of a stronger hewlett-packard. we will await earnings from the likes of oracle, fedex, general mills, nike. all stocks are expected to report higher earnings per share. as those companies turn in their scorecards, the u.s. or release them received a few grades of its own with existing home sales , leading indicators.

case is 8% earnings growth for s&p because you have generally an improving economy and that's morgan stanley. >> joe, let's talk about that. the bad weather we've seen has people trying to figure out how much of the bad numbers are simply a one-off. how much of this is a serious decline in the economy? >> i would say a three-off because we had very bad weather in december and january and february. i've been a big bull on growth and agree with adam's assessments of stocks and how they'll behave. the issue or argument we make about weather, there are series that actually ask people, did you have a job? yes. did you go to work because of bad weather? >> no. did you work part-time because of bad weather? >> yes, in fact, in february, almost 7 million people could not work full-time because of the weather. this isn't joel will lavorgna g you an excuse. weather was a factor which means there should be a snap back at some point in the spring. >> in terms of this bull run, how long would you expect? five years getting long in the tooth. >> we've been debating whether it could last as long as 2020 th

. >> morgan stanley -- prudential and morgan stanley.with financials. >> morgan stanley my charitable trust sold too early. had a big run but i think jpmorgan goes to 60. >> morgan stanley approaching a $65 billion market value now. there was a point at which morgan stanley was bite-sized. if there had been the ability for consolidation conceivably it could have been the victim of it. of course, there is no consolidation when it comes to financial services. i'm not sure when, if ever, we'll get back to that idea. the bigger getting even bigger is not a thought that many would embrace. >> they have not shrunk to grow. they have taken over to grow. and david's right. the concentration alexander hamill would be rolling over in his grave but, of course, he went to his grave because of a duel. >> not far from here. >> grew up in elizabeth, new jersey. >> but he's right up the road in terms of where he's buried. he's right here. >> bair and hamill and i learned this on jury duty, the judge took us aside. a little civics lesson. i thought it wa

morgan stanley is betting on merger and acquisition madness. the investment bank has revealed the stocks that are on it's radar as possible takeover targets. it expects 44 companies have a good chance of being acquired in the next year. separated into eight different sectors, some of the notable stocks include newfield exploration, dreamworks, and wellpoint. it is expected that 20-14 will be a huge year for tech acquisitions. coming up.. the nasdaq takes a turn for the worse. what's causing tech stocks to lose power? we'll find out later in chart talk. plus... tax strategies for retirees. the advantages you might not be aware of, and should know before april 15th. that's next with bill moller! so how are your taxes coming along. hmm i see. you know - in large measure, your income taxes are based on, you income. but if you're retired, that's a different matter, and you actually have some control over what you pay the irs. christine benz is director of personal finance for morningstar.com. retirees don't have one income stream, they have several.

sharma from morgan stanley will join us. let's get the front pages. >> we have to start with what is going on in russia. europe has raised the ante, toughening sanctions against ukraine. they are targeting the inner circle. they have added 12 names to the list of those who are hit with travel bans. they had imposed sanctions on 20 business leaders. americae eu following or is america following germany? rovthe question is, as kaspa has pointed out, when are you going to cut out these billionaires? >> why do we want to target capitalists in russia? >> the elites prop up putin. they have also imposed entry bans on u.s. politicians in russia. some went to twitter with a hashtag. i guess this means my spring break in siberia is off. >> if these guys are running for reelection, they are like please, please. put me on this list. >> he also says he will never into his efforts on behalf of freedom. he was snarky. >> it reminds us of what mitt romney says. he said russia was the number one threat. >> what is the endgame on the sanctio

when i look at morgan stanley's speedway system some of the y think it is questionable? i think it is in their roles and what banks have done all the time is figure out what the roles are and push the envelope. that is an arbitrage opportunity. >> i agree. and the system is set up -- the big banks and the dark pools have an incentive to get the maximum number of participants and volume in their pool for profit so they can advertise. high-frequency traders want to get in those pools and moved substantially off of these exchanges or in concert with the activity on the exchanges because everyone wants to talk to the order. everybody wants to touch the juice. they wanted to touch the juice when goldman bought -- and they wanted to in 1982 and they want to touch the juice now. but this system is set up to perfectly and efficiently in an automated way make sure that they touch every bit of juice here click here is the devil advocate question. -- >> is the devils advocate question. if the system is designed to facilitate the maximum number of intermediaries him a wise achieved

this goes back to something we haven't morgan stanley.program to encourage women to come back to the labor force. it is a professional internship to get the area back on a resume. >> are you part of this project? are you still working 90 hours a week? i have been asking vincent reinhart, our chief economist. working of women are long weeks. they slog it out and eventually get ahead. some women are making choices where they do not want to do that. a company's willingness to say, ok, maybe you will take a couple years to scale at when you have kids, that may be the key to having that diverse work or. let me make this point as well. men have increasingly been making that decision. it is not necessary to spend 90 hours in the office. they are making more choices as well to focus on the family. >> we had becky stevenson on bloomberg television. economist -- an acclaimed economist was here. i see more balance in the professional economics. more than i thought it you're my world. -- years of my world. know how many future ceos are in the pipelin

department of defense, the los angeles police department, and big banks such as jpmorgan and morgan stanley. palantere has already raised close to $1 billion. its revenues are estimated to be close to 500 million. and analysts peg its valuation at more than $9 billion. >> they've made it really easy for enterprises to get their arms around all this information, whether it's structured data or unstructured information, e-mails, memos, voice, video. and it's very simple for a company just to get their arms around their information and put it all together. >> reporter: palantere has attracted prominent silicon valley players such as peter teal whose stake in the company is said to be worth almost $1 billion as well as famed investor stanley drunkenmiller and cia's inqutel venture fund. sources say it has no plans to go public anytime soon. part of the reason palantere might not be in any rush, business is booming. >> they have plenty of money, plenty of revenue, and why go through all the scrutiny that comes with the public company? they've got very sensitive projects as well for the governmen

morgan stanley raised from overweight to equal weight. shares were up 4.5% today to $46.69. >> our market monitor says individual stock selection is a much more significant factor in portfolio performance this year than it was in 2013 when virtually every stock in the s&p 500 and the dow went up. he's jordan posner with matrix asset advisers. welcome, jordan, nice to have you here. so what type of stocks do you find still have value? we've talked earlier to russ kostrich. he said they're favoring the larger cap stocks. does that fit in with your portfolio selection? >> well, we're a large cap stock manager. so we're always looking for stocks within the large cap sector. what's interesting is that what we're finding most attractive are stocks in the financials, the industrials and the energy sectors. and that's because we're expecting that the general economic activity in the u.s. and actually worldwide will improve throughout the year. and these three sectors should have pretty good participation in that recovery, and the stocks we think

. >> one bank out there, morgan stanley, saying it could rise.res were down yesterday. 30 six quarters of improving like to like sales. comparable sales, down 2.1%. mother's day is going to hit the numbers. growing at the slowest rate since 2005. that is a concern. the outlook is challenging. there is a slight tracking of saying,s from sainsbury we will outperform our peers. he's quitting while he is ahead. but king is going to wave goodbye. how dare you disparage manchester, england? [laughter] >> sorry. it is amazing that with our differentiated offer we will outperform our peers. that means that if they start a price war -- >> they say it is the margin that matters not be operating margin. >> those are very technical point. >> thank you. on the move is up next. >> welcome to "on the move. so i'm francine lacqua. our markets team has everything covered from companies to currencies. here are caroline hyde and jonathan ferro. off with the futures. a little disappointing today. putin isn't exactly doing what we expected today. gone away.as not it

the boeing company morgan stanley and it only took the time the meeting because these companies were able to provide in flight and the plenary session plan the rule consultant shippers of long term policy making the nineteen eighties china began opening up to international voices in the two companies could be filled in total lack of trust and comfort. many top international consulting company and accomplished academic worth the wait to take influential roles in thai difficulties for state owned enterprises and provincial governments in china. every child is known for taking on tight and infrastructure projects and making the report for entry ino the project. which i think you'd like an agent and have been able to add a dollar the reviews of the candy company to the big red creek about a hundred feet. you don't gotta love it. enter dr team they work in a pocket from falling through comic. a pakistani areas which are by week eight million us dollars and the clock. derek affected every thirty to forty five million dollars to two year mark the head of the tv that the whispers to enter ch

their names announced six months later he said mr drum toast and taking advice by investment bank morgan stanley the financial regulation and center pipe would be delighted to conceal the stupid topic said he was to tell the course the good news. he was asked by guard the how the theft but that by sending money pit the transaction is to tactics to deal with the short of a salt kosher and above board he said mr dramas going to do one of the most he looked at d is an rn and a team looking to done something illegal or note on rte news the dublin circuit criminal court. this is a six one was from the canteen to take. i mean i want. topical stories and celebrity interviews. well claire someone seeks the quirky stories around the country. the. great kids late lunch on weekdays at two pm. it makes the world it is. i can. new weights effects if you lean crawling and can tackle the hot topics it became like feedback from viewers. keeping them on their toes and stuff in the fun fair debate. as of today just in the police in retirement beach florida have just released a video of the canadian uk with j at t

discussing the ikea with citigroup credit suisse deutsche about goldman sachs group jpmorgan and morgan stanley. according to experts the majority of these banks will play an important role in the underwriting persons. as with the support of thirty year analysts expect from the bottom of the group which is based on the show is valid at least one hundred and twenty billion dollars during the ipo can expect to raise more than fifteen billion dollars. consumer prices in the eurozone and history of this year rose by zero point seven percent the adults parents and experts of years that note. and it was expected that an average inflation would remain in the previous level of syrup twenty percent. think of reconstruction and development begins issuing bonds denominated in search of crossing the mighty as the fat fast music is the fourth day of the existing two year bond to me now that it's merely life for almost twenty nine million dollars. the interest free loan of artists make the three month certificate of deposit rates of the national bank of georgia the bonds will be distributed on to mean certai