. >> morgan stanley holding its annual meeting today. today investors approve the compensation plan. bank analyst mike follows them among others. morgan stanley is his topic. big brother banking, what do you mean by that? why is morgan stanley's position the best. >> big brother banking is the environment we're in. the government is more involved in the affairs of banks than ever before. get who got the memo early? morgan stanley. they changed their business model more than any of the top ten banks. they're 1/2 wealth brokerage, whatever you want to call it. they rank number one year to date in mergers. >> when you look at their revenue stream versus a more typical bank, what multiple do you assign to those two different businesses? >> there are more conservative banks than morgan stanley. in the last five years they revamped their business. the other side of the company, the traditional investment bank, they eliminated the proprietary trading. prime brokerage is back where it was several years ago. you know, if you just take the wealth

steve roach with us, decade at morgan stanley.he guy who morgan stanley economics, is the retail model broken for wall street? you have lower yields, can't make money on bonds. will you see the institutional on the retail world split apart? >> i sure hope not, top, because my former firm has made a big bet -- >> james gorman has made ia huge bet on this. >> i think what most would concede, if retail is going to add value, it will be through strategic advice rather than plain vanilla-type transactions. i think financial advisors are definitely moving in the direction of offering far more than just the ability to execute a trade at the lowest possible price. it is a different -- >> creating trust, etc. >> trust, or follow management, planning, longer-term help -- i recommend anybody on global wall street review this article. superb article about the actual decision tree of how people leave a morgan stanley -- >> part of it is the technology that has made possible because smaller firms have access to the same platforms as the big wal

ellen zentner of morgan stanley says maybe. guy like calderon will spend money? >> we are seeing positive signs that is strengthening. i would call it a small uptick in aggregate growth. there is a lot of need for companies to invest after years of not doing it. companies need to see stronger theegate demand. it is typical relationship in the business cycle. high tech is an area where we have seen plenty of cap x. about the other questions about cisco? no comeback recently, popping nicely, back up to the mid 20's range. out the other day for ibm, that was a lead brick for the investor community. what do we question about the future of the stuff you make? >> i agree that the overall economy in the u.s. has been on a slow recovery. >> absolutely. >> and i think that businesses are being a bit cautious, but we need that stimulus. we want to make sure we are investing in the opportunities for growth, but we are also .ooking for tax reform from the perspective of allowing global companies to operate in an environment where they gene

, this has been a good call by morgan stanley.this point investors will take what they can get. what monahan is saying is user growth remains a problem, yes, but he thinks twitter will meet expectations over the next couple quarters. it's not exactly a wild push of confidence, mandy, but he's been underweighting it and he's been right. yelp up 1.5%. but they have a $69 target. it's about 30% upside to the current price. they like their competitive positioning. it all provides nice visibility are to the investor despite morgan stanley being bullish, keep in mind the average price target is $86.50. >> fedex getting a downgrade at barclays at equal rate. that fedex is going to start to charge by next january by package size and not just weight. >> it's a big story. a giant thing of dog food, it may be light. >> imagine toilet paper in a massive box but very light. you'll have to pay, i think, 37% more on average for a big box like that. >> yeah. and so the call is what a difference a year makes. the stock had had been on fire. barcla

a very bearish outlook for morgan stanley on tablet, fesk. you need to hear what's going on in sales on devices like ipads. a special report coming up. the quarterbacks for ipad sales going forward. hope you saw it this morning. tim geithner unplugged. more of cnbc's interview with the former treasury second coming up. what does he say to people who still insist the bank bailouts was unnecessary. tim geithner with very honest and straightforward answers as he spoke to our own andrew ross sorkin. coming up on "closing bell." looking forward to that very much. >> final hour, continuing the snapback that began on friday if you want to step all the way back. dow adding 115 points, shy of 16,500. s&p 500, the nasdaq is the real talk, up 27 points, 1.8% and there's the s&p. adding 17 points or 1% today, a strong start. >> 1.8 on the nasdaq. joining us. we have kathy wood, ron weiner and hank smith, steve saks from pro share advise errs and our own rick santelli joining us as well. lately people have been rooking to the defensive issues, the value p

morgan stanley as an advisor to tyson, and morgan stanley was working on a deal for jbs.t has been suspended, according to people familiar with the deal. a little bit of consequences for actions. >> all right, the pork wars. thank you. 26 past the hour, bloomberg is on the markets. matt miller has the details. today,ing in the markets the fifth day that we have seen green on the board in the past six. the s&p, the tao, and the nasdaq with some gains. s&p up some 15 now. the nasdaq up more than .3%. individual movers we are watching the measures of softbank and sprint. the ceo of softbank is seeking the u.s., for telecommunications company, and consolidating with sprint for access to about 50 million subscribers in the u.s. the company plans to upgrade its u.s. networks. the ceo has made no secret in his interest in acquiring t-mobile to challenge market leaders verizon and at&t. t-mobile is owned by deutsche telekom. rumors have been going on for about 15 years. on the markets again in 30 minutes. ♪ >> welcome back to the second half-hour of "bottom-line line" on bloomber

morgan stanley did not distinguish it is policy between a science indication of interest and a conditional request to buy. first, to the lead story of the day -- shares of twitter are plunging as the lockout time expires today. about 480 million shares became eligible for sale, more than quadrupling the amount available for trading and the shares are falling, even as many insiders pledge not to sell. this coming week, after twitter reported rising revenue growth, but lackluster user growth all stop joining me in the studio is cory johnson johnson and with us via skype is crawford del pratt. even the volume is high. what's going on? >> people are selling. ifwill never really know it's company employees or everyone else. the people are getting out of this stock quickly. it suggests the company has been waiting for the chance to dump their shares and they are doing it now. they think today's rice is as good as they are going to see for a while. >> i agree with what cory is saying. you've got people who have been locked up and looking at the first possible liquidity event and want to take adva

think morgan stanley's sell side research can match with david einhorn does?ing well financially. ollie am saying is i know that this health care cloud. it is not a pie in the sky. million exchanges a week. >> has ea get inside hospitals, that is david -- how do you get inside hospitals? that is david's concern. >> we already have hospital nnounced we just a a new service. it is worth noting that the hospital chains, like the largest nonprofit catholic chain in the country, has chosen us for billing and set to doctors if you want to keep the enterprise software you can. six out of seven have switched to a athena even though they have new enterprise software. enterprise software is not a competitor, it is a previous era substitute. as the cloud rises, you throughout software. >> do you see a few networking in a hospital alongside epic, for example? >> we are doing it today, a children's hospital in california, they are on the athena ipad. >> do you see yourself -- >> they can see everything in epic from athena. >> could you partner with other? -- with epic? >>

everybody saying it's the end of the morgan stanley era and they hung in and bounced back.ted was, number one, it really happened in the facebook deal which now looks like it was prized pretty well. secondly, the amazing depth they have and the decades they've been slogging away in silicon valley, bringing apple, cisco, google. >> this is michael grimes. >> yes. >> now 47 in the article, his team in particular on the west coast. >> he's been at morgan stanley for over 20 years. his team also, they have decades of experience. they know everyone, know that industry inside and out and have the personal contacts and they just put their heads down and kept slogging away. they did critical deals after facebook that went under the radar but were successful. >> they are underwriting alibaba. are you a fan on what you know so far? >> i'm a big fan of alibaba we'll see where the pricing is, but, you know, i think lately in the tech sell-off, investors have been not distinguishing between the companies that have solid revenue and real earnings and growth from those that are very, very

morgan stanley, bank of america, we've got a lot of big banks.azard and rothschild, what is going on? why do we see citi, the barclays of the world higher up? do a lot ofuse they business. goldman sachs is almost always at the top. they have a huge and in a effort. a lot of banks give loans. they say i will be one of your advisors on this, including me as your advisor even though i am here because i'm lending you money. >> do you think we will see more of this? what is the realistic trend? toi think it will continue trend toward more clients to firms like ours that are independent and have no products to sell. we are not trying to sell you anything. we're trying to help you get the best deal. >> a little more old-fashioned, more like a lawyer. quickly, i know we'll have more time, but to me ask you about what is going on in m&a right now. we are seeing a lot of deal activity. why is that? >> it has been a six-year drought in terms of m&a. crisis andinancial cash has been there, all of those reasons he should have been picking up, finally it is. p

the also morgan stanley sitting nice, all moves people along with it. most of the active traders that i have been speaking with, sue, having flattening out their hard to make money when you're many ten point, do you ten points over a several-day period. you can't do it, so a lot have flattened their position out. when you move to new highs, suddenly four days on the up side, i did it, i was wrong again. >> and then they scramble to get in. you think they know better, that they're the smart money, but a lot of guys are just trend following. you don't make money for a month and a half, you say i'm not risking it anymore, and now the market moves against you. >> it's been a difficult year so far for those extremely successful last year. thanks, bob. appreciate it. >>> let's take a look at the metals market. we're starting to close on the trading day. the gold market is basically on the down side, down better than 2% right now on the close, or $25 on the trading session. we also have more than a 1.5% decline in silver, it's actually now 1.75% decline. we do

when it happens, morgan stanley, mastercard, maybe jpmorgan, they'll be in the portfolio. >> a more defensive position. we can agree on that. >> absolutely. >> mike murphy on friday. >> yes. >> had this toy say. >> let's hear it. >> about you. >> joe's in the lead, can't take that away. phenomenal job. however, this is about trading, not going to cash. joe, when the heat turns up a little and you have to reallocate that money it's going to get interesting and i'll be right behind you trying to take over. >> so my comment to that would be this -- first of all, when it comes to trading, okay? pete's a better trader than me. mike's a better trader than me. i look more in terms of managing money. i thank mike for saying i'm doing a phenomenal job, but if you want some trash, i'm not worried about mike. i'm worried about pete. >> he's got nothing to worry about with me. >> look at the portfolios. pete hasn't made any moves. i know pete's holdings. okay? i know mike's holdings. i'm more concerned with pete. >> you're looking for -- >> if the market keeps going up he's going to catch me quickly. >>

it's up slightly. >> morgan stanley's target for pfizer is $35.ut 15% upside from here and slightly higher than the average wall street target of 34.17. it call comes after pfizer dropped their massive bid. pfizer stock down about 5% this month. >> next up, another big name company. this is conocophillips getting an upgrade. >> this is sandisk. there is conocophillips. up to 79.77, but gugenheim says it's worth a lot more. about ten bucks of upside in cop. they met with management last week and gained some positives on what we've heard. >> target increased over 22% at ubs. >> trading up one-half of one percent, but ubs' target, $110. raising estimates as well, reflecting higher average selling prices, also, higher gross margins. their rating obviously is a buy. if you had a $110 target, you better have it as a buy rating. >> not unheard of. stock number four and to the focus -- >> big southeastern bank based in georgia. target, 29.50. about seven bucks of upside. about 30%. >> and last but not least, a really under the radar name, williams sonoma.

the san antonio-based i-t company hired morgan stanley to explore linking with other tech companies to compete with amazon and google. the result could be a partnership or acquisition from a larger competitor. cheseapeake energy plans to spin off its oilfield services unit. the new york times reports-- it would give chesapeake a $1 billion break on its in debt. the new oilfield services company would be called seventy seven energy. the spin- off should be complete by the end june. the plan was greeted with about a 4% sell-off. world wrestling entertainment shares were slammed on its new contract with nbc universal. the stock was down 43% at friday's close. the deal keeps hit shows "raw" and "smackdown" on nbc and raises the price from $90 million to $150 million annually. but analysts expected a better deal, saying new tv deals around the globe are worth $200 million. after a miserable winter and cool spring.. americans are breaking out this memorial day. triple a predicts-- the roads and the skies will be busier than usual with 36 million travelers... "we're seeing increases on the ro

screwed over the shareholders and used the bailout to basically bail out morgan stanley, goldman sachs and all these other firms that were on the brink. it's great stuff in his deposition about how morgan stanley was, quote unquote, freaking out it was about to go under and goldman sachs was worried it was about to go under unless something major was done with aig and some of the other banks. goldman sachs has spent the past five or six years trying to say it wasn't bailed out, didn't need the money, it was completely hedged, there was no problems there. these depositions by geithner show just the opposite. >> what are you doing in vegas? >> what happens in vegas stays in vegas, neil. >> fair enough. fair enough. >> i'm covering a great hedge fund conference. it is the best three days of finance and other stuff that you can imagine. >> great breakfast buffet. >> you don't want to know the other stuff. >> no, i don't. because i know you. charlie, have fun. thank you very much, my friend. >> all right. >>> no one is better connected. in the meantime, what is worse than a tax cheat at the

morgan stanley that did the survey when they asked the question the insurers said it's the rules such as how they structure prices and so forth. look david, when you have senator harry reid taking to the senate floor to say that the people complaining about the service under obamacare are liars. that's when you really know the policy. >> or the people talking about obamacare are racist. >> right. they can't defend the numbers so they're throwing out names. >> issabrina. >> it's not rocket science. when you provide something for free for everyone it can't work. we're going to have longer lines and corruption and rationed care. i was at the pediatrician with one of my children yesterday. i said my throat hurt too. he said i'd love to check you out. but i can't because i don't have a chart for you. i don't have a way of billing the insurance company. this is all going to get worse was his point. there's going to be fewer people going into the medical field because of this. there's going to be a lot of losses. >> go ahead, rich. rick unger is right on the technical differences between the

they hired morgan stanley. this is not one i would chase right now.l a whole heck of a lot off the highs. kind of a very c commodity space. >> pepsico. >> hard to say why this popped. >> get it, pop? >> the bottom line is there's no growth in this company. if you're going to buy pepsi, you're hoping for multiple expansion in the market. hard to come up with now. >> we've also got jcpenney back from the dead. up 16% today alone following its earnings report. we wanted to take a look at what other stocks may be on the brink of a turnaround and might be worth digging up from the grave. dan, i want to start with you. >> we were just talking about cisco. this is one where after three consecutive disappointing quarters, they put up a quarter that on the surface is better than expected. if they can do it again in august, i think the stock sees new 52 week highs. >> it would be twitter. down 50%. >>er to date. use a 29.5 stock. i don't know if this would be a fireman trade or a death trade at this point. >> i think what dan said about cisco applies to ibm act

gary ka min ski the vice chairman of wealth management at morgan stanley. newberger lehman man. you have a perspective on lehman brothers. a number of high-profile people over the past month that have left that firm. >> well, left barclays. >> left barclays. >> who took -- >> my question is, is the old lehman, that is over with? what's going to happen to barclays now? >> yes. the lehman legacy, other than maybe two senior people, i think eric feld is one of the last senior people -- >> skid magee yesterday. paul parker left. >> the legacy of lehman brothers and what was acquired that weekend of 2009 is now basically gone. i mean basically if you want to go back and look at the history, barclays will say they did buy lehman cheap, did get the real estate on sixth avenue but -- >> do they get the investment banking business? >> the re-aug is developing right now. they're shrinking the business to grow. >>s who's going to take that business? is there somebody -- natural person out there sp. >> the business is not taken unfortunately. >> look at the lead tables

. >>> and shares fell after morgan stanley issued a warning about the teen retailer.hat is where we begin the focus. the firm's analyst questions the company's ability to stay in business even through next year since it has been burning through cash amid mounting losses, late yesterday, the retailer reported the sixth straight quarterly loss and issued a weak outlook. the stock fell 20% to $3.40, that won't even buy a t-shirt. and shares of aruba reporting estimates topping consensus, analysts at j.p. morgan said the gross margins were below estimates and the firm reiterated its underweight rating on that stock. aruba down to $17.89. >>> shares of ctc therapeutic fell after they recommended the conditional marketing of the md disease. that lets people with the disease get treatment, the stock surged to $23.30. >>> and google reporting a deal to buy sky box imaging for a million, sky box specializes in recording landscape pictures and video. shares of google were up to 563.80. >>> and our market expecting noise and volatility. he is don wardell. good to have you with u

. >>> rack space shares also jumped on a bloomberg report that they hired morgan stanley to evaluate the provider. they may be looking to team up with bigger technology companies, the stocks spiked up more than 7% to $30.6. >>> kohl's saw profits drop as the retailer recorded lower sales. same store sales also fell missing analyst estimates. the company did reas firm the previous full year guidance, shares fell to $52.21. >>> and shares of eli lily fell after the blockbuster lung cancer drug ruling, the court ruled they can launch a generic drug. the stock was 58.21. >>> a handful of biotech stocks ahead. the year's biggest event for developments in the big money field of cancer research and medication. meg terrell joining us with more on the newest drugs creating buzz and which companies are watching. >> hey, tyler, so one of the big themes we've seen in years past and we'll continue to see is drugs that harness the muren system to fight cancer. now one of the drugs including astrazeneca, merck and roche, you saw some of that last night. another big theme this year is one we've seen

the companies include goldman sachs, pepsico, and morgan stanley. >>> the spread of polio is declaredemergency. pakistan, syria, and cameroon have allowed the paralyzing virus to spread to fragile countries. >>> pepsico is joining coca-cola to help remove vegetable oil from the rest of its drinks. it was linked to flame retardants. >>> at a white house event marking cinco de mayo, president obama told advocates they should press republicans to push immigration laws. and marked the holiday by re-enacting the victory over france in 1862. >>> all right. just ahead, we'll talk to alice about the start of the 2014 primary season today and the tea party's chances this time around. i'm their mom at the playground and i'm his mom at the dog park. the kids get trail mix, and here's what you get after a full day of chasing that cute little poodle from down the street. mm hmm delicious milo's kitchen chicken meatballs. they look homemade, which he likes almost as much as making new friends yes, i'll call her. aww, ladies' man. milo's kitchen. made in the usa with chicken or beef as the number on

morgan stanley weighing in on the issue and they are advising their clients go along dollar gainst the offshore nimb rinimbe. let's get more from our regional chief investment officer. >> he is a trooper this morning. >> we had david talking about the situation with the latest pmi reading. on top of that, the previous month being revised down. you can see an improving trend but it is not certain to be read like that. >> the chinese economy is struggling. i think that is for sure. you can look at a number of areas. manufacturing space has overcapacity. the most concern part is the real estate sector which has been a major driver for the chinese economy. but if you look at what is it seems to china, be coming in reverse. ,> we have some breaking news to the australian capital. we have the men who has been leading part of this. just on the malaysian side, this is about the search for flight 370, nearly a month since it disappeared off the radar. the coordinator from our joint coordinating committee. have been five vice ministers participating in this meeting along with a number of officia

she used to work at morgan stanley, goldman sachs, and now she is the founder and chef at mah-ze-dahrgo from bagels to baked goods. how did you make the transition from wall street to starting your own business? >> i did not leave wall street. i started a very local and luxury brand. all of the skills i had is a banker, i transitioned into what i wanted to do on my own. >> were you scared? >> no. i wanted to face the fear, and go on it head on. goes away pretty quickly. >> what characterizes mah-ze-dahr bakery? is ae word mah-ze-dahr word from the urdu language. these the word to describe magic or essence of something that gives it its life. u.k. star pastry and there will be something special about it, and it will be magic. it brings you back again and again. that is the mah-ze-dahr. our recipes come from all over the world, and most of things i haveof them are things created with mike scioscia. we like to think about things as an elevated quiet lechery that you have every day. >> there are a lot of businesses that you could have gone into as a result of your previous experience. wha

john mack, former head of morgan stanley said to his successor, the government is your number one clientow. that is the problem that the obama administration has put on the fannal system. they have -- enveloped it now, they are overregulating. >> that's right. we are not just talking about history here. this is current events. this is going forward. the -- the too big to fail in the government stands ready to rescue large banks is still with us. in the book, mr. geithner says that a problem with dodd-frank is it still does not allow enough bailout authority as much as firepower as he would like the government to have. now they are proceeding to name other banks systemically important. this idea continues. >> they are also still banking on the -- regulators, prepare us and prevent the next crisis when, of course, geithner acknowledges that he couldn't predict the last one. >> right. that's the idea of the consumer financial protection bureau. but -- you know, also, he -- talks about how ending too big to fail is a possibility in his mind. government's job is to just stand by and always pu

morgan stanley expects selling in taiwan after the regulator band one regulator -- one trader working-related derivatives. china's index came in at 54.8 last month, up slightly from 54.5 in march. that is after manufacturing came in below expectations last week. we will get another view on the economy later this morning when hsbc releases its latest survey on china. china's slowdown is affecting economies near and far, and we will get an idea on how much when indonesia releases gdp data later today. jakarta is looking for overseas investors to offset the china effect. let's get more from our southeast correspondent. she reported extensively from jakarta. how much money does the government need? 300 $50 million. that is what they are hoping to raise. the plan is to increase funding provided by states by companies by at least 60%. that will hopefully kickstart projects across the country. we are talking about roads, power plants, airports, trains. it is a well-known story. indonesia is acting for -- infrastructure lags behind its neighbors. now, it is looking to its neighbors to help fu

. >> morgan stanley's chief u.s.e we should be investing. >> miking kors seeing a boost in revenue but its a struggling stock. we'll break down the fourth-quarter results. >> live from the first ever code conference in ranch cho pal los ver des california. our heavy hitter carl quintanilla is there with driverless cars. thank goodness there's not driverless shows. >> it has been an amazing day one of the code conference. the driverless car out of google. satya nadella demonstrating that real-time language translator out of skype. today's the day it's going to get interesting. some of the speakers coming up later this morning here in rancho pal less ver daes, travis kalanick, jimmy i owe vin and massa son. an here on cnbc our boss, the chairman and ceo of comcast, brian roberts, a day after "the new york times" editorial board comes out against that would-be merger or takeover of time warner cable. we'll talk to brian how he's trying to sell that deal. that's coming up later on. the driverless car, phil lebeau will ta

credit suisse, morgan stanley, -- anyway. banks could receive about equal share of the economics. anbaba is providing incentive fee for those banks to work in favor of alibaba as opposed to their institutional [indiscernible] they can get the more money? >> they can get the more money. one third more of the total fee will go toward the performance the which incentivizes them to keep up the hard work during the ipo process. this is something that is more common in hong kong than the u.s. it is a baby have chosen to do to make sure that they are bankers -- their bankers are working in favor of them. >> yahoo! has 22 point three baba.t -- 22.2% of ali they're going to receive the shares. do they have to sell them? what happens to that stock? >> we are told yahoo! will sell on top of its stake in alibaba. it looks like on the filing and from what our sources are telling us, they will sell shares to the ipo and use the proceeds according to filing for general working purposes. that could be anything from expanding headcount to acr

they are said to have removed morgan stanley as lead underwriter after learning the bank helped tyson makes the offer. two days ago pilgrim's pride made their own bid. ford said it is recalling 1.1 million sport utility vehicles to fix sensor electronic flaws. 915,000er recall covers ford escapes. that is a look at your top headlines. back to you. foods.s begin with tyson it's offer to buy hillshire brands trumps a competing bid from pilgrim's pride. joining me, chris leonard, the author of "the meat racket." akshay, i want to begin with you. what are the strategic benefits for tyson's to make a bid for hillshire brands. me on.k you for having it makes sense for tyson for a couple of reasons. they are diversified proteins manufactured. they produce chicken and pork products. those are raw materials for hillshire. there'll be some cost synergies they are. tyson under new management recently has embarked on a value added growth strategy. they want to build their brand and business. shire,ing he'lill it furthers that agenda. this management team which took over five years ago has cleaned

a provider of computer services hired morgan stanley to seek out strategic options.ally that will include a sale. amazon and google cut prices on competing products at a faster pace than they had anticipated. we will be on the markets once again in 30 minutes. we will also have our weekly etf update, a look at the greatest and latest in that space. e" aftermore "bottom line the break. ♪ >> welcome back to the second half-hour of "bottom line" on bloomberg television. i'm mark crumpton in new york. thanks for staying with us. evacuation orders have been lifted in an area near the everal wildfires in southern california. crews the containment lines and hope that cooler temperatures will help them make progress. a flareup in a san diego server prompted over 18,000 new evacuation notices -- san diego suburb prompted over 18,000 new evacuation notices. the forecast today calls for temperatures to peak around 90 degrees with lighter winds. chaied lobster seafood n is being sold. sales for revlon lost or were -- forne percent last red lobster were down nine percent last qua

. >> adam parker of morgan stanley and alan krueger. we have power on set today. don't we?rt is due in an hour. ♪ >> good morning, everyone. i'm tom keene. with me, adam johnson and scarlet fu. ukraine.of chancellor merkel and the president later this morning from the white house. what do we have next? >> betty liu is here. she is going to take us to the jobs number. who do you have to round up the discussion on it? trusthave a big brain with us this money. alan krueger is going to be joining us when those numbers break. , his reaction to the jobs data. be in oner is going to the conversation as well. finally, jason furman. he will give us the white house view on the future of jobs. >> the guy before him was hit or miss. >> i know. what happened to him? >> we found him! >> i'm a huge fan of jason furman. >> he is going to give his own view. >> come on, alan. at 8 a.m. tarting new york city's bike sharing program is looking for an investor so it can expand. i'll to bicycle share has been term withing a equinox. bikes and6000 city talk of expanding it. it launched last year a

and i spoke to andy share an independent economist and former asia pacific chief of morgan stanley he says china and russia are at the end of the day trying to break away from western influence. obviously ways of this context of the u.s. as asian pivot i think that. china like or russia is trying to become less dependent on the united states obviously with china's rise is there will be some tahsin not just in the neighborhood at the wrong the wall it's possible i think that is seeing leaving the bad ground but i think it's more important to makes economic sense for for these two countries not just in the. social you know it's a very important data for these two countries to trust each other because energy. is very vital it is the two countries have to commit. large amounts of money together so i have vested interests in the simulation ship. russia says it hopes to drastically increase scientific and technological cooperation with china in the coming years a neighbor which has undergone an extraordinary modernization over just the past few decades easy going to spin off now explains ju

they trying to persuade giants alcoa, goldman sachs, pepsi, morgan stanley, conn conoco phis and others, latest salvo from obama administration is violence and eastern ukraine, overnight clashs in city. claiming lives of at least 4 ukrainian soldiers up to 30 pro russian separatists, secretary of state kerry pronounces himself quote, nothing less than disappointed with russia. vowing to impose more sanctions against russ succeed in derails a nationwide elect schedule for may 25. in ukraine. that tactic, criticized by democratic chairman and rangeing republican senators on the foreign relations committee, today. >> if we don't use this call break on sanctions in the way to prevent further incurring to the ukraine, we will find ourselves ewing those sanctions as an aftermath as we did in crimea. >> sometimes i think only strategy that administration has is getting people who talk about ukraine to look in the mirror, make sure they practice sounding tough. lou: nato commander, general philip moments ago announceed that nato may be forced to permanently station troops in eastern europe, as

morgan stanley called for a higher euro, never got it.t is the beginning of a bigger move. >> the expectations for next month, how high are they? we read a lot of resource. >> they better not disappoint. >> mario draghi talking about heightened expectations. he is a big part of that. when he says, expect some action in june, the market expects some action in june. >> let's hope he can rally all the members of the european central bank to one single cause. thanks for that roundup. we are waiting for that final roundup in eurozone purchasing managers index. the composite is expected to dip slightly. still expanding at 53.9. that is the view, just down from 54. you will see the move there. mark barton is back with "the pulse at the top of the hour. stay with bloomberg. ♪ >> spotlight on st. petersburg. russia's biggest business summit kicks off. we are live with the chief executive of the country's biggest stock exchange and largest carmaker. >> cashing in on the u.k. housing boom. >> stock starts trading today as china's answer to amazon ra

trying to persuade ocala ocala, morgan stanley, a chronicle phillips and others to boycott the state petersburg conference. with the violence in eastern ukraine build with the overnight clashes with klay being at least for ukrainian soldiers answer purchase. secretary of state carry calls itself nothing less than an russia and bows to report to impose more sanctions if bulletin's succeed to do real a nationwide elections scheduled on may 25th. that tactic was criticized by the democratic chairman and ranking republican senators today. >> if we don't use this calibration on sanctions to prevent further encouragement into the ukraine we will find ourselves using them as the aftermath as we did with crimea. >> sometimes i think the of the strategy the administration has to talk to people to talk about ukraine is they looked in the mayor to talk tough. lou: just moments ago it was announced nato made be forced to permanently stationed troops as a deterrent to russian aggression. we have a first glimpse what the house committee will look like. seven republicans, five democrats make up the

and cloud computing company rackspace has hired morgan stanley to explore strategic options. could mean a sale to a larger company, a going private transaction, or any type of option, really. shares have slumped 22% this year. the u.s. air force says it is spending $60 million to hire 100 people working on certifying elon musk's spacex satellite. to our lead story, uber in talks to raise a new round of funding, nearly tripling the valuation from its last private deal last year according to people with knowledge of the matter who say that uber is talking about raising less than $1 billion and a new private equity round. if it goes through, it would join an elite club of startups valued at that really giant level for private companies, including airbnb and dropbox. this is a really big number. this is the stage at which a private company would go public. >> several rounds ago. you have seen a trend of companies staying private for longer because they have somebody options for capital available to them. uber is looking at private investors. they have options to raise debt as fou

saying theyompanies will attend our caterpillar, boeing, morgan stanley and goldman sachs.hat is at stake for those who stay home and for those who go? >> the saint petersburg economic forum is a very important bellwether to see where our foreign investor's ideas and where did they see investment in russia moving forward? a certain amount of u.s. firms were expected to stay home from the same petersburg economic u.s., but there are many and european firms phil going. the guest list is fairly substantial, some of the largest firms in the world going in which president putin himself will be hosting these business leaders and investment firms. there is increased tension on the rhetorical side against the eu and the businessmen are not showing they are not that unfriendly toward russia at the time. good to see you again and get your perspective. thank you for your time. up next, fcc chairman tom wheeler is in the hot the this week as commissioners plan to vote on net neutrality. will the open internet rule? we will get the lay of the land when "autumn wind" continues. wind" con

charlie: i am meeting tonight, spent some time over at morgan stanley, same thing. gary was the one who told me to pay attention. he is one of the smartest guys around. liz: tomorrow michael steinberg is going to have to go to court to get sentence. charlie: i feel bad for him. you'ryou are right, you're absoy right. follow the rules. listen, i just don't think it is the worst problem in the world. liz: i like that. come back soon, we miss you. charlie: i will be back monday. liz: the u.s. auto giant announced it is recalling 2.7 million new cars and trucks. fixing brake lights, power brakes, jeff flock in chicago picking through this one now i am wondering brake lights are very important but are they so nervous and gun shy they are just recalling anything? >> it is hundreds of complaints and dozens of crashes, so it is not nothing. and again another day, another recall. 2.9 million worldwide if you total them all up. 11 million recalls, the biggest one is the one you just mentioned, the one with the taillights, it is 2004, 2012 malibu and some other cars they don't

there will not be single underwriter but all the particular firms, morgan stanley, jpmorgan and goldman sachs are buying stable agent, the firm that stablizes price. they get bragging rights and for all intents and purposes book runner and will probably get fees. melissa: charlie gasparino, thank you very much. we have the other big story of the day which is jobs. u.s. adds 220,000 jobs beating expectations but looking deeper into the numbers the news may not be as good as it seems of let's bring in the rest of the panel. we have rbs chief economist extraordinaire, michelle gerard and kong mist extraordinaire because i want to be here peter morici and chris is here on set. you're extraordinary in off yourself. michelle, give me the numbers. >> it is great news so it suggests that there is bit of hiring more this year than we saw last year. i think 288 is probably not the new hire being pace. melissa: 228, oh, 288, sorry. misprint in my story. go ahead. >> but the trend is probably closer to the low 200s. i think like i said what we saw, that we probably had hiring that got delayed becau

they trying to persuade giants alcoa, goldman sachs, pepsi, morgan stanley, conn

difficult time meeting demand for the new iphone 6 when it hits stores in the summer according to morgan stanley an lists who visited technology component supplyers. the splayers expect the sales to be 20 percent greater than the 5s for the biggest debut yet on an iphone. >> heading for the coast is the advise? >> today. it and a "spare the air" day to limit your driving but if that is the only way to stay cool...absolutely. but tomorrow the coast will be danger with rip currents and swells. what can you do tomorrow? go to the mall? call your neighbor that has air conditioning. whatever. a neighbor with a pool. it is all quiet this morning. no moisture out there. no clouds. no marine layer. still cool. 49 in san ramon. low-to-mid fists for the rest of the valley. pittsburg is 63. we are 60 in san francisco. 48, though, in santa rosa. 46 at half moon bay. mid-to-upper 50's throughout the bay shoreline to 58 in san jose right now this is how it looks from sutro tower, a beautiful picture of morning sun and shadows on the marin headlands with sun and record highs and poor air quality is likely and

. >> morgan stanley in agreement. >> and pricing for online orders while amazon adds 15 cities to its sunday delivery program. is yours on the list? >> a busy day after janet yellen speaking. and jean-claude trichet will be a guest here. >> the guy has become a cheerleader in chief. he's done a lot of good for those who favor growth but there hasn't been growth yet and i think that the austerity park worked but when does growth kick in? one of the reasons why i think the interest rates are so low is because of yields all over the world. i personally think that we should be issuing bonds in this country. the feds should stop selling them. there's a bond shortage but we're not getting the growth that i want to see. i feel for him. >> german industrial production a miss today. french industrial production a miss. >> a lot of the american companies are saying that it looks like we could get 0 to 2% growth over there. zero is not growth. how do you have zero growth? it's like negative yardage. >> or negative growth, which we have said many times on cnbc. that is a phrase that's been uttere