morgan stanley. not rebalancing your portfolio. pursuing your passion, not reacting to market downturns. focused on what you love, not how your money will last through retirement. let us help you with those decisions, and get on with your life. we make it easier to plan for retirement with day one target date funds from prudential. look forward to your 401k plan. the strikingly designed lexus nx turbo and hybrid. lease the 2017 nx turbo for $299 a month for 36 months. experience amazing at your lexus dealer. >>> welcome back to "the half. dr. j., telestrator up here. doc, what have you got for us? >> make it quick today, judge. we've got qualcomm up 24 cents on the day they step in and buy a ton, just a big block right away today as you can see stock around 51.31 right here take a look at this block, about 14,000 of these calls goes across they're the december 57.50s with the stock under $52. because it's out that far in the future, i'm in these calls i'm probably be in them for one to two months and i love the trade. a stock that

morgan stanley.s stock has been breaking out, setting higher highs and higher lows and it is really breaking out this is a good company to own. >> western digital, stock up on the announcement that toshiba is going with the bain group. i bought a little more it is very small frankly, it is low conviction. i don't know how they work with the pricing. >> sarat >> i am looking at the slf this is going to have a lot of liquidity. i think they are going to move up you want to own financials going to the next quarter. >> jon najarian. >> verizon unusual activity this thing has been on a rocket ride >> that does it for us the fed decision is looming. so is power lunch. it starts now. >> looming, that's a good word for it i'm michelle caruso-cabrera on the menu the $4 trillion question what will janet yellen say about unwinding the fed's massive balance sheet? a rate decision and the statement dropping an hour from now. hurricane maria ripping through the island of puerto rico causing widespread flooding. >>

morgan stanley. >>> welcome back to the "halftime report." a disappointing summer box office ending with the worst labor day weekend in nearly 20 years. julia boorstin live in l.a. with that story what a brutal summer it's been, julia. >> reporter: it certainly was a brutal summer, scott and it ended with labor day weekend not a single new wide release from the studios the north american box office declined about 25% in the weekend, ending the worst summer since 2006, dragging the year-to-date total box office down over 6%, according to comscore but now hopes are high for a turnaround in september, which is typically the slowest month of the year. stephen king's "it" from warner brothers has the hagighest-ever pre-sale for a horror flick and for a pre-season release this year amc shares are down 57%, imax down 25%, and cinemark off 11%. now, today, though, the sector is moving higher on mta partners upgrading regal to buy, predicting they'll grow 9% next year the studios are under less pressure than the theater chains, because overseas, the b

fromis andrew sheets morgan stanley. stay with bloomberg television.you have mark barton. i am off to digital radio with caroline has. these equity markets are trying to reconcile the mood between putin and mr. moon from south korea live at the prospect of what will come from the president of the united they it's a little bit later on today. and his conversations with the leader of china as moon and address theto three issues. this is bloomberg. ♪ so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. ♪ >> soviet alert. >> it is very possible our rate hikes are leading to slower job growth, leading to more people on the sideline. as well as lower inflation. >> florida braces fo

kimberly greenberger of morgan stanley. pete, i go to you.in this got in a couple months or so >> i've been in and out of it. i just got in most recently a couple of weeks ago with some unusual activity that was out in october. but mel, she hit every one of the points when you look at margin spapgs, very sbref top and bottom line, everything was great. ecommerce, up 30%. they are really doing exactly as they set out to do and what they laid out there, which is, we are going to be innovating, they have new product lines all the time and we're seeing that growth in the menswear when you look at men's pants up 23%. this is a small part hoff what was lululemon, i understand that, but that's where we're seeing some of that growth there's plenty of room for expansion there. there are a lot of reasons why, you can almost tell there's a tone there that she's talking about or thinking about, maybe moving that price target higher, based upon everything that was reported this quarter and probably in the next >> she was very encouraged, she said what was

ellen zentner with us for morgan stanley.ls. it is like america extended in hydrocarbons. where do hydrocarbons in america fit into our gdp? interesting because when oil prices and gasoline prices started plummeting in late 2014, economists were out there saying -- who cares? energy infrastructure in the u.s. is about 1% of gdp. what happened, though, it ended up being a big impact on the economy because it is a much larger share of the s&p. energy companies lost in the s&p ended up feeding through -- use of energy within our economy, and there were surprises when we were down to $29 a barrel. ellen: there were. over time, about a mid-1990's, we cut the amount of energy to produce one dollar gdp by about half. it is important to an overall time ---- diminish over this is a special example of where the benefits to consumers in the short run did not outweigh the hit that we were seeing through the industry, because it has been the fastest growing industry, the fastest-growing piece of investment, for 10 years. it was a really b

morgan stanley analysts say the fundamental outlook is challenging. had pointed out that free cash flow in 2017 remains elusive. vonnie: what about the competitors like avis? toa lot of the notes pointed -- if you look at the industry as a whole, there are problems that are widespread, like the evaluations of used cars and how much to depreciate them. that is an industrywide issue. also concerns about the value and car pricing. if you look at avis, first and second quarter, they have had the same concerns. cost of the fleet, rightsizing. it is a mixed they sure between video quick syncretic -- idiot -- idiosyncratic concerns. news, a dutch lender, the dutch state is to sell a 7% stake in them through a placing, which progresses the process of returning the bank to full time position. this is an ongoing process. in june, it sold an additional 7%. or one ofupon a time the world's biggest lenders and has three focused the business on domestic lending in the wake of its near collapse during the financial crisis. it was bailed out by the dutch state. in ju

still with us, ruchir sharma morgan stanley. of england, the central banks seem to be heading in the same direction. backing off the easing or tightening. is that where they should be heading? >> i think so. the big internal debate possibly happening at many central banks showing up in the minutes is the fact that the need to pay more attention to financial stability. the mandate of central banks has largely been inflation targeting. you've seen the attitude that if inflation is under control, they can keep providing stimulus and easy monetary policy. now i think there is increased recognition that as there is risk to the economy from asset prices going up too high rather than just consumer prices going , the world has changed. 30 years ago, we had the 1987 stock market crash where you had the massive decline in one day but the real economy did not suffer much. today, that is unlikely to happen. here is why. the size of the financial half the sizeis of the underlying real economy. 30 years ago, they were nearly the same. today,

morgan stanley. track tuned handling, and aggressive styling. the bold lexus is.ease the 2017 is turbo for $299 a month for 36 months. experience amazing at your lexus dealer. . >>> heard a lot of good ideas today, the one which was most excited with -- it broke out today. it tend to fly, because the numbers are going to be there. i promise you i'm finding just for right here on "mad money." i'm jomcramerer andi will see you tomorrow >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ first up are heather murphy-monteith and andy hurwitz, with the next hot thing in dance clubs. hello. i am heather murphy-monteith. and my name is andy hurwitz. we are here today to offer you 10% equity in our company

morgan stanley equity analyst.ton takes wall street for a ride every time there is a new policy development. jeffrey solomon says m&a should not be affected by the daily drama on the hill. from new york, this is bloomberg. ♪ julia: this is "bloomberg markets." i'm julia chatterley. scarlet: i'm scarlet fu. julia: developments in washington have sparks wins in markets, investors react to drama from the administration and gridlock on capitol hill. spoke exclusively to bloomberg about the effect of washington on m&a. i keep onthe things happening in d.c., you get policy pronouncements, you think you get a direction and then people run in that direction, and then something ships. i think that has some folks unseated. m&a volumes are still pretty good. if you're looking at a good strategic transaction, over the next several years, you will make a big impact in your organization, you should not be distracted by political swings on a daily basis. >> you have a lot of roots in biotech. this is a tweet from president trump

morgan stanley is a great for f. if you step back, the industry went through dramatic growth.our market share peaked at 19%. industry revenues have been cut in half. our response to that decline was two things. we focused on clients, maintained our presence. we also took resources at a fixed income. cut risk related assets by close to 50%. .e reduced the balance sheet we were able to do that during the decline. was that enabled us to do reallocate capital across the firm. we also returned $35 billion to shareholders. 40% of our market cap. what we created was operating leverage. i had $2 billion of revenue opportunities i would share those with you, but the billion dollars with our operating leverage as part of the $5 billion, it is significant. seeing --ave city bank of america in an interview says it seems to be holding up well. what is your outlook for this quarter? a lot of the same market environment characteristics are the same in the third quarter as they have been for the first half of the year. i would describe the performance as solid three and revenues of 12%. fic.r

morgan stanley. directv has been rated #1 in customer satisfaction over cable for 17 years running.ut some people still like cable. just like some people like banging their head on a low ceiling. drinking spoiled milk. camping in poison ivy. getting a papercut. and having their arm trapped in a vending machine. but for everyone else, there's directv. for #1 rated customer satisfaction over cable switch to directv. call 1-800-directv. >>> new only took your cue from the broad numbers, you might think the economy was just plain stalled here or worse. for example we got retail sales numbers over -- fail by 1.2% then the federal reserve issued a production that was clearly wanton, it was a .9% dip do these numbers really tell you the whole story? some of the figures were impacted by hurricane harvey when there's no disasters i find these numbers at best ned l sm and at worse incomprehensive which is why i prefer what's known as a bottom's up approach, where you listen to the numbers themselves to get a better economy. this week -- technicals around the world came on "mad money" and told

he was at the new york fed and morgan stanley. >> at the board of governors from 2006-2011. ben bernanke ring the financial crisis because he had wall street experience. warsh is not far from a standard banker but has like differences in policy -- slight differences in policy prescriptions, does not like policy rules like detail the rules, does not think they are accurate enough. he wants a range for inflation rather than a point target and thanks for the past couple of years, within an acceptable range. aboutd him about him -- how they measure inflation and he had critical remarks about the cpi numbers. >> the core cpe, the preferred is aboutf inflation proxy for the underlying strength in the economy, not a perfect proxy for what policy should be. and not a good proxy for the abroad case of financial stability. -- how wouldon is he go over at the fed because he is not an economist, he is a lawyer, serving on the board of governors. not an economist. it may be more difficult for him to lead the fed. he has angered some people at the fed which are criticisms of the way the b

>> morgan stanley is a great firm. i have no insight into what they are doing.t we are doing. in thick, if you step back, and we talked about this at the presentation, the industry went through dramatic growth from 2005-2009. heat -- r mark to share at 19%.et share peaked industry revenues were cut in half. our response to that decline was two things. one, we focus on our minds and -- focus on our clients and maintained presence. but we also took resources out of fixed income, at capital, close to 50%. re-reduced the balance sheet. we were able to do that during that decline. what that enabled us to do is reallocate capital across the firm, but we also returned $35 billion to shareholders in the past five years. that is 40% of our market cap. what we created was tremendous marketing leverage. with ouron dollars operating leverage, as parties -- as part of the $5 billion, it is quite significant. scarlet: coming up, more exclusive interviews including a conversation with the alibaba founder. plus deep dive into the auto , a industry's electric future. voice conce

morgan stanley. w...i was always searching for ways to manage my symptoms.lized managing was all i was doing. when i finally told my doctor, he said humira was for people like me who have tried other medications,... but still experience the symptoms of moderate to severe crohn's disease. in clinical studies, the majority of patients on humira saw significant symptom relief... ...and many achieved remission. humira can lower your ability to fight infections... ...including tuberculosis. serious, sometimes fatal infections and cancers,... including lymphoma, have happened; as have blood, liver, and nervous system problems, serious allergic reactions,... ...and new or worsening heart failure. before treatment, get tested for tb. tell your doctor if you've been to areas where certain fungal infections are common, and if you've had tb,... ...hepatitis b, are prone to infections, ...or have flu-like symptoms or sores. don't start humira if you have an infection. if you're still just managing your symptoms, ask your gastroenterologist about humira. with humira, rem

>> morgan stanley is a great firm. i don't have any insight into what they are doing. are doing. in fic, if you step back, and we talked about this at the presentation, the industry went through dramatic growth from 2005 to 2009. in 2009, our market share peaked at 19%. industry revenues were cut in half. our response to that decline was two things. one, we focused on our clients and maintained presence. but we also took resources out of fixed income, at capital, -- cut capital close to 50%. we reduced the balance sheet. we were able to do that during that decline. what that enabled us to do is reallocate capital across the firm, but we also returned $35 billion to shareholders in the past five years. that is 40% of our market cap. what we created was tremendous operating leverage. if i had $2 billion of revenue opportunity i would share those , with you, but the billion dollars with our operating leverage, as part of the $5 billion, it is quite significant. scarlet: coming up, more exclusive interviews including a conversation with alibaba founder jack ma. plus, a dee

morgan stanley. price targets back to you. >> thank you so much for watching.at 5:00. go the meantime don't anywhere. >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. >>> on big down days, we often wonder what the heck happened to our stocks

ubs and morgan stanley could be net winners.ere is a halloween in the middle. i think it is revolutionary. francine: doesn't accelerate m&a and push away talented young researchers? huw: any uncertainty will dissuade new talent. the signal is talent is moving around. y -- the next two years will get away from this uncertainty. francine: thank you. let's get to the bloomberg business flash. taylor: alibaba co-founder jack ma said the alternative to globalized trade is not pretty. he gave an exclusive interview to bloomberg. alibaba march the 18th anniversary since it's founding. years is enough for us to improve globalized trade, and when global trade stocks, growth stops. thatr: you can watch tonight at 5:30 p.m. in new york. that is your business flash. francine: thank you so much. let's continue the conversation with paul donovan and huw van steenis. paul, you have interesting research about the impacts technology companies are having on our economy. paul: there is something strange going on. in the last decade, we have seen a

the highest came in today from morgan stanley. the valuation at $253 a share. $176. in other words, this is what analysts are forecasting for the future side of apple as it continues to benefit them some of these new product introductions. david: julie, they do so much. as we had to break, i want to bring up the apple event on the bloomberg. we have a lot of manpower out in cupertino right now. the head of retail is currently on stage at the apple event. be sure to check out the event live on the bloomberg. coming up, we will speak with an apple executive. we will see if they can score a major comeback against the likes of alexa and quintana. -- and cortana. this is bloomberg. ♪ ♪ david: on bloomberg radio and bloomberg television, this is "bloomberg markets.' we are continuing our special coverage of the apple event in cupertino, california. apple's leadership in the tech space is on display. one declaring area where they have lost their lead against rivals is in a.i. assistance. joining us now to discuss from ceo johnisco is a.i. burkey, a former apple ceo. c

david westin spoke to a central banker attending the morgan stanley conference in frankfurt and askedbout regulation in the finance sector. >> it depends on the size of the banks. the top level banks need that regulation. we need to learn the lessons from the crisis. if you get to very small banks, i still believe the capital and liquidity rules are correct. what we may do a little less with is the amount and frequency of notification to the supervisors. for example, if you were to cut off banks below a balance sheet of 3 billion euros, in germany you would reach 82% of the banks with 14% of aggregate assets, so small risk with a large number of banks. i am thinking of some relief in the administrative issues and costs of the banks rather than changing the regulations per se. you don't need to notify the supervisor about each and every single data and high-frequency as much as large banks do. david: i'm not going to ask about interest rate setting, but in general, are smaller banks under pressure in germany because you have this low, even negative, interest rate situation? >> actually

morgan stanley steve strike err might want to send out the veteran phil mickelson as the captain pick see if he clinches the winner tomorrow in. >> why not. >> 47 or 46. >> here is the mess that si woo kim could be making for himself here. just on the muck there, the black muck just down by the water, bones. >> yeah. and you know, i came up for firl once in a situation like process o this. his caddie can take off the his shoes and give to the player. that's an option if you want to take it. maybe he should have taken it off. >> last wall why not. get in there with everything you got. >> yeah. >> this is not for the faint of heart. >> it will come out like a bunker shot. it's >> hit really well. >> just missed that by a foot. good shot. >> relatively clean. he has a few -- >> there wasn't much came out. >> like i said. >> just water, no mud. >> i think he abbreviated the follow through to avoid a mess on the sweater. so we think lahiri is next to play, bones? >> we do. it sure looks like that. it's definitely going to be anirban. he is talking it over with his caddie. but it looks like

morgan stanley so being cool comes naturally. hmm. i can't decide if this place is swag or bling.ls. word. ladies, you know when you switch, you get my bomb-diggity discounts automatically. ♪ no duh, right? [ chuckles ] sir, you forgot -- keep it. you're gonna need it when i make it precipitate. what, what? what? what, what? rethink your allergy pills. flonase sensimist allergy relief helps block 6 key inflammatory substances with a gentle mist. most allergy pills only block one. and 6 is greater than one. flonase sensimist. ♪ on a hotel just go to priceline. they add thousands of new deals every day at up to 60% off. that's how kaley and i got to share this trip together at this amazing hotel. yeah ash and i share everything - dresses, makeup, water bottles... we do? mmhmm. we share secrets, shoes, toothbrushes... what? yeah i forgot mine so i've been using yours. seriously? what's the big deal? i mean, we even dated the same guy. who?! uh, go to priceline and get the hotel deals you won't find anywhere else. >>> now to a cnn exclusive. we're getting a first look at the letter th

morgan stanley. price targets back to you. >> thank you so much for watching. see you tomorrow again at 5:00. go the meantime don't anywhere. >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. >>> on big down days, we often wonder what the heck happened to our stocks how did they get hit so hard when nothing happened? the absurdity of all it can seem preposterous, totally frustrating. market wide selloff makes you feel like the business of stocks at best stupid, at worst corrupt and it drives you away from the entire asset class i wish i could tell you that there's some hidden logic that makes these declines seem reasonable but your inclinations are right. the action often

i'm thinking of morgan stanley in particular of course.guys in terms of trading -- and the question but they also navigating that new environment and taking on new risk? >> morgan stanley is a great firm. don't have any insight into what they are doing. i can only talk about what we're doing as a third. if you step back -- we talk about these of the presentation -- you can go through dramatic growth in 2009. market share peak at 19%. industry revenues have essentially been cut in half. our response to that decline was two things. the risk-weighted assets -- we were able to do that during that decline. what that enabled us to do was reallocate capital across the firm. we also returned 35 billion dollars to shareholders. that's 30% of our market price. will we created was tremendous offering leverage. if i had to billion dollars of revenue i would share those with you, but the $1 billion without operating leverage -- leverage as part of the $5 billion is quite significant. >> that was goldman sachs president harvey schwartz. another big inte

hugo boss among the biggest losers after morgan stanley downgraded the retailer saying boss faces pressuret's market driven as opposed to brand driven that stock down 3.5% high again, also lower today after mexico announced it had sold a 5.25% stake in the dutch brewer valued at $3 billion, this as femsa tries to focus its shift to domestic investments. heineken down about 3.7% in today's trade. melissa, back to you >> all right, thank you. >>> still to come, why the former wells fargo ceo says the fed should stop worrying and learn to love low inflation. first, we are watching shares of tesla under pressure after jeffries initiated coverage at an underperform rating saying its business model can be scaled not as profitably. price target right now, 0.26 "squawk alley" will be right back stay tuned we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. this is not a cloud. this is a tomato tracked from farm to table on a blockchain, helping keep shoppers safe. this is a financial tra

what is morgan stanley see for the jobs report for september when you factor in the hurricane? >> the run rate was 180. tend to overestimate the impact to headline jobs. the bars very high for being counted as unemployed. your hours may be cut. as are probably not counted unemployed. there is no hit to headline perils. mapmates are all over the from -100,000 to an estimate of over 200,000. it is going to be all over the place, which tells you know when knows what to anticipate on the payroll report. markets understand are going to be hurricane effects and any data is going to be dismissed. i may as well stay home that morning. >> thank you very much, chief economist at morgan stanley. we going back from cleveland to new york. >> a great interview. and fed chair janet yellen is said to speak on it late in monetary policy tomorrow. let's could she checked on bloomberg first word news with emma chandra. >> the rhetoric escalated further today with a direct warplanes by. north korea's prime minister. >> since the u.s. has made a declaration of war we will have every right to make t

morgan stanley. has gotten to know our business so well that is feels like he's a part of our team.one call, he sets me up with tailored products and services. and when my advisor is focused on my tech, i can focus on my small business. ♪ a dell advisor can help you choose the right products with powerful intel® core™ processors. ♪ listen up, heart disease.) you too, unnecessary er visits. and hey, unmanaged depression, don't get too comfortable. we're talking to you, cost inefficiencies and data without insights. and fragmented care- stop getting in the way of patient recovery and pay attention. every single one of you is on our list. for those who won't rest until the world is healthier, neither will we. optum. how well gets done. aggressive styling, so you can break away from everyone else. the bold lexus is. experience amazing. not rebalancing your portfolio. pursuing your passion, not reacting to market downturns. focused on what you love, not how your money will last through retirement. let us help you with those decisions, and get on with your life. we make it easier to plan

morgan stanley. they save us from gettingones? and getting tired of places like this. phones changed everything - shouldn't the way pay for them change too? introducing xfinity mobile. where you can pay for data by the gig, and share it across all of your lines. no one else lets you do that. see how much you can save when you pay by the gig. xfinity mobile. it's a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com. >>> good morning story continuing to develop. hurricane irma pummelling the caribbean and setting course for florida we're live on the ground with the latest on evacuations and preparations. >>> americans exposed this data breach is massive. is that a big enough word for it 143 million. equifax could be putting your personal information at risk. >>> and the pharma bro is in trouble. why prosecutors wanted a judge to revoke the bond of martin shkreli. it's friday, september 8, 2017, "squawk box" begins right now. >>> live from new york where business never sleeps, this is "squawk box.

morgan stanley neither admitted or denied the claim. court found pfizer's copycat drug.70 million -- won $70 million. available -- fx plus will be available to customers. that is your bloomberg business flash. >> time for the stock of the hour. out from media is up nearly 15%. may be showing figure market moves to come. oliver renick joins us now. it'll say something to be doing with the npa. oliver: it is a big source of money. that is an important company. outfront media is a big advertiser for transient rep. over 20% of the revenue in the past year. they have basically deal of the mta to do advertising for a contract. isnda but that does this, it a huge amount of eyes. traffic publicly transit authority in the u.s.. this is news today that they will have the opportunity to extend the contract that they have already had. this is important. terminal show in the -- the big macro idea. this company is actually the biggest gainer in the valley stock category -- value stock category. here wherelook right we have these bars, we did this function earlier. what it is showing y

bloomberg's david westin spoke to a central banker attending the morgan stanley conference in frankfurtsked him about the importance of regulation in the finance sector. >> it depends on the size of the banks. the top level of the banks need that sort of regulation. we need to learn the lessons of the crisis. if you get to very small banks, i still believe the capital and liquidity rules are correct. what we may do a little less with is the amount and frequency of notification to the supervisors. for example, if you were to cut off banks below a balance sheet of 3 billion euros, in germany you would reach 82% of the banks with only 14% of the aggregate assets. a rather small risk with a large number of banks. i am thinking of some relief in the administrative issues and administrative costs of the banks rather than changing the regulations per se. so, you do not need to notify the supervisor about each and every single data and high-frequency as much as large banks need to do. david: i'm not going to ask about interest rate setting, by the ecb, but, in general, are smaller banks under a

morgan stanley. when only the best will do... one of a kind tempur-pedic delivers.ur material precisely conforms to your weight, shape and temperature. it provides up to twice as much pressure relieving power, so you won't toss and turn. and tempur-pedic is the best at minimizing motion transfer from your partner. you'll wake up, feeling like a champion. now through september 17th, save up to $500 on select adjustable sets. find your exclusive retailer at tempurpedic.com tais really quite simple.est it comes in the mail, you pull out the tube and you spit in it, which is something southern girls are taught you're not supposed to do. you seal it and send it back and then you wait for your results. it's that simple. a trip back to the dthe doctor's office, mean just for a shot. but why go back there, when you can stay home... ...with neulasta onpro? strong chemo can put you at risk of serious infection. neulasta helps reduce infection risk by boosting your white blood cell count, which strengthens your immune system. in a key study, neulasta reduced the risk of infect

industrial prices are rising and morgan stanley has upgraded its pbi.a: thank you, juliette saly in singapore. hurricane irma smashed into florida with water and violent winds, wreaking havoc from miami to the western coast. the storm left 3 million people without power and millions temporarily displaced. hurricane irma finally it made landfall in florida on sunday as a category four storm packing winds as strong as 130 miles per hour. it crossed the florida keys this morning and officials described the situation as a humanitarian crisis. the storm is moving up the west coast, threatening naples, fort myers, st. petersburg, and tampa, with hurricane force has high storms surge as 50 feet. i spoke with the mayor -- 15 feet. i spoke with the mayor. >> we are a low-lying community on the water. 3 in tampa bay, my office would be underwater. that's what we train for. >> it is tempting to describe the storm in superlatives terms at it might be the costliest in it u.s. history. florida may be spared the worst. >> the bad news is that this is a big monster, bu

morgan stanley >>> breaking news this morning.y carried out its sixth nuclear weapons test. a 6.3 explosion was detected around midnight eastern time near north korea's testing site. they claimed it was a successful hydrogen bomb test adding it was true to the plan for building a nuclear force. china denounced the test but the chinese president made no mention of north korea when he spoke earlier today at a summit. let's go to china. nbc kir si mons is there. what is the reaction to this test? >> i think everybody suspected that this test was coming. it was fairly widely known that the north koreas were preparing to carry out a sixth nuclear test. i think the optics are stunning to see the chinese president here in the city at the start of a major economic con presence and see president putin flying in for that and see their conference overshadowed by the test. that will deeply annoy them. the two leaders have made clear they're against u.s. intervening. that's because china shares a border and so does russia. they're worried abou

morgan stanley is now checked. >> so every time you go to every store now, they ask you if you want toeir cards. i guess if you go to whole foods. >> do you want to be a prime >> second stock, i got two bioteches. >> bmrn, they call a long-term biotech of the most critical portfolio in industry. it is expected to be approved of next may of next year of the new drugs. >> it has not been participating in the biotech surge that we have seen late >> hertz, hurricanes can be the positive impact in the near terms. these factors will abate long-terms >> yeah, it does hurt. final stock is ultra genyx, it is based in nevada, california >> leading candidates to treat ultra genyx. face two trial, facing strong political benefits so $62 target is less than that, well, about 18% upside based on the move today for ultragenyx. thank you, guys. >> the stock that hits hard is equifax. equifax's ceo says to testify on october 3rd and the chairman of the committee is going to join us on "power lunch." find out what he wants to know what it called mean for the trucking industry of tesla >> the second hour

which was the move since 2016, mainly on a re-rating, cut to underweight from equal weight at morgan stanley you, nejra cehic. goldman sachs saying copper will come down a little bit. copper to drop over the six -- next to 12 months. certainlyf late, other metals, as well. this at a time when treasury yields have been going south. the fate of the currency in bond markets will hinge on a slew of central bank policy meetings. that is pretty clear. you get a lot of fed speak today. of otherhole lot speakers. the euro is likely to get jostled. the ecb trying to figure out the timeline for ending its policy program, mario draghi said officials will discuss tweaks in the autumn. define autumn. is this september autumn? we will find out, i am thinking more october. there is a meeting this thursday. draghi talkoes about changing the policy mix without the euro going through the roof? scott: the market is trying to the euro appreciation 14% this year, how will the ecb deal with that in its policy mix. the stronger euro would suggest the stronger need for a withdrawing monetary policy. it is important

morgan stanley had a bullish comments that tesla could spike.k at this, this two day chart. look at that plunge, down 75%. this, after the company's alzheimer's disease drug failed. yesterday, this and been out greater than $1 billion market cap. now, less than. scarlet: pretty ugly. julia: let's take a quick look at what is going on, you can see a couple basis points for the u.s. and 10 year. one simple basis point. a different following trump's announcement there and be an announcement wednesday on tax reform. we're looking at a two-year auction. 1.46, the highest since october 2008. a quick check on what is going on as far as europe is concerned, a cross-reference in terms of germany, 41 basis points for the 10 year yield for .he bond -- bund a bit of cautiousness surrounding your. 117.58, around 118 now. a lot of questions being asked if this is braced lower. we saw janet yellen speaking, we do not want to be too cautious about the lack of inflation. but there are the german election results. i also want to show you my chart, because i do no

some of the biggest names in banking are assessing the damage, wells fargo, morgan stanley, deloitte all trying to figure out when they can get back up and running. >> i'm trying to find out when i can tell mea co-workers we can go back to work. >> reporter: one of his biggest clients is uber in latin america, and he's chomping at the bit to get back in the building. >> armand is chomping at the bit to get back to life. >> i'm hoping the road will be clear and we can hopefully get down there. i don't know what will happen when we get to florida city. >> reporter: contessa brewer, miami. >>> insurance stocks, you guessed it, rose today after a brutal week last week. e popular insurance etf ticker kie finished 2% higher today, and a smaller home but the sector isn't out of the woods just yet. morgan brennan explains. >> reporter: the impact will not be as great as feared. >> you went from an expect athat the industry could have saul about $15 billion of losses just from this event to now today we're looking at around $40 billion of losses. the fact that the storm veered toward the west

morgan stanley. [he has a new business teaching lessons.ney wanted to know how his business was doing... ...so he got quickbooks. it organizes all his accounts, so he can see his bottom line. ahhh...that's a profit. know where you stand instantly. visit quickbooks-dot-com. ♪ ♪ let your data live wherever it needs to, but see it all in one view. the ibm cloud. the cloud for enterprise. yours. >>> hello, everyone. i'm sue herera here's your cnbc news update for this hour. president trump threatening to annihilate north korea if that country fails to abandon its pursuit of nuclear weapons he delivered the warning during his first address to the u.n. general assembly >> the united states has great strength and patience. but if it is forced to defend itself for its allies we will have no choice but to totally destroy north korea. rocket man is on a suicide mission for himself and for his regime >>> parts of long island, new york are gearing up for the effects of hurricane jose. the storm is expected to remain off the northeastern coast but forec

to ruchir sharma of morgan stanley. this is bloomberg. ♪ so new touch screens... and biometrics.yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. m jessica summers. former president obama as issued a statement to president trump, about ending the dreamer program. he said, to target hopeful young strivers who grew up to wrong, because they have done nothing wrong. british rime minister theresa may will try to force the pace of the brexit negotiations. the u.k. wants to move on to the issue of trade, while the eu wants to settle other issues first, such as how much the u.k. will pay as an exit fee. statements out of the trump administration's could be paving the way for a walk away from the iran nuclear deal. u.n. ambassador nikki haley says iran has violated the deal. pre

we are here with morgan stanley chief global strategist ruchir sharma.m wary of drawing too many conclusions, because this is a really catch-up trade. copper and other commodities have lagged over the last several years. and there are some supply issues with copper, in particular. so i think this is a big catch-up trade that is going on. there is optimism about chinese growth, but chinese growth seems to have peaked in july and we are seeing a level off, and it. it is not falling off of a cliff, or anything, but it is leveling off. i think chinese growth explains some of the optimism, but there is a bigger story here. it is as much of a catch-up story, after such a long. of underperformance. joe: a lot of people are using the word goldilocks to describe e.m. right now. growth looks good. monetary policy positions are not especially tight. nothing is causing major central banks to tighten. and we had that huge e.m. rally this year. is the rainy thing you can see that would derail that come in the short-term? ruchir: no. a lot of this is explained by two f

morgan stanley. for over 100 years like kraft has,natural cheese you learn a lot about what people want. honey, do we have like a super creamy cheese with taco spice already in it? oh, thanks. bon appe-cheese! okay... believe the health we aof our water sourcesany is essential to the health of our communities. which is why we're helping to replenish the mighty rio grande as well as over 30 watersheds across the country. we're also leading water projects in more than 100 communities. and for every drop we use... we're working to give one back. because our products rely on the same thing as we all do... clean water. and we care about it like our business depends on it. hi. so i just got off the phone with our allstate agent, and i know that we have accident forgiveness. so the incredibly minor accident that i had tonight... four weeks without the car. okay, yep. good night. with accident forgiveness, your rates won't go up just because of an accident. switching to allstate is worth it. it's me? alright emma, i know it's not your favorite but it's time for your medicine, okay? you ready? o

we were talking to adam jonas and morgan stanley and he said this is mother nature's cash for clunkersgram >> yes >> it's a huge transfer of wealth from insurers to the consumer and in turn to the auto industry >> but the secular head winds mike and carter said, the secular head winds that excited prior to this hurricane, they are not going away they will abate for a brief period of time and you hate trading things on the back of a disaster like this, but this is going to be a one time maybe one quarter, two quarter phenomenon. yet those head winds will still exist, so, look, again, these stocks have gone down for a reason i think if you get a bounce, you sell them. >> this cash for clunkers represents a at best, 5% of new car sales annually in north america and about a third of a percent of the fleet under the best of circumstances. so, you know, a lot of that fleet. people keep talk iing about that rolling off. 11.5% is the average age for the cars we've got so there's a lot of things you could say would be the reason for a new auto cycle >> carter, why don't you show us >> exactly w

morgan stanley at planters, we put fresh roawhich has its drawbacks.an, guys, know anything about this missing inventory? wasn't me! the cheeks don't lie, chet... irresistibly planters. new deep hydrating eye gel with hyaluronic acid born to outperform the #1... prestige eye cream for better hydration. and your best look yet. olay eyes collection. ageless. and when youod sugar is a replace one meal... choices. ...or snack a day with glucerna... ...made with carbsteady... ...to help minimize blood sugar spikes... ...you can really feel it. now with 30% less carbs and sugars. glucerna. >>> if the refineries are down for weeks or even months, we could see them go up from another $3.00. >> another wallop from hurricane harvey. 15% to 20% of the nation's refineries are not functioning. the average national is $2.59, a 23 cent increase in a week. in addition, shortages, long lines and disbelief. >> just noticed it, they are up 50 cents from a couple days ago. >> it's ridiculous. i was in sticker shock. >> experts say they could surge more in some areas with the short supplies. mandatory evac

percent chance that briggs it will not happen that's the view of economists at the investment bank morgan stanley. and say that while public opinion still broadly supports leaving the eu. it's possible the negotiators won't be able to find a deal in time. that would be welcome news for the few dozen forget demonstrators who gathered in brussels this tuesday consider protesting their outside eu institutions. green while britain's brags it ago shader briefed parliament on the ongoing divorce proceedings. that he expects the dispute over the uk's who breaks it bill to settle its financial obligations to brussels he expects that won't be resolved anytime soon. my expectation is that the money argument will go home for the full duration negotiation. now the famous european ally nothing's agreed live things agreed that will apply here absolutely as anywhere else. but allah discussions this week have demonstrated yet again. unexposed yet again to the u. k.'s approach is substantially more flexible and pragmatic i'm. sir this year. assuming. certainly a lot more to come on that night briggs it bill asses

morgan stanley what should i watch? show me sports. it's so fluffy! look at that fluffy unicorn!s so fluffy i'm gonna die! your voice is awesome. the x1 voice remote. xfinity. the future of awesome. >>> welcome back. showing the moment an suv crashed through a laundromat on sunday. several people were pinned inside that laundromat. six people in all were injured. witnesses say he hit the gas instead of the brake. police did not charnl the driver, saying it appeared to be an accident. pretty accident at that. all right. tragedy at the popular burning manifest val in nevada over the weekend. a 41-year-old man is dead after leaping into the flames at one of the event ceremonies on saturday. aaron joel mitchell broke through the security perimeter. firefighters on the scene started chasing him, but he were they were unable to actually stop him. testifies eventually pulled from the flames and airlifted to a burn treatment center where he died on sunday. authorities, they are investigating. >>> one of the country's biggest fuel suppliers says it plans to reopen a critical pipeline toda

have a good week michael zezas at morgan stanley. >>> when we come back, opecs and others gathering inhat it means for oil prices straight ahead where to get in... where to get out. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. tcan help protect you from the unpredictable. and the distracted. its cameras, radar and sensors can help prevent just about any surprise. well, almost. lease the gle350 for $609 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. >>> let's get to the cme in chicago, check in with rick and the santelli exchange. good morning, rick. >> good morning. thank you, carl. you know, once again, a great guest for the times that we're going through right now, all tough do is look at treasuries and see that north korea and the issues there having an impact and like to welcome a special guest, william reince. bill, thank you for taking the time, sir. >> thanks. glad to be

morgan stanley >>> 10:30 now on this sunday morning september 10th 2017. special edition of "today." we've been tracking, trying to track hurricane irma, wobbling a little bit, moving east to west. it's a massive storm. it did make its official landfall in the u.s. the lower keys. that happened a little more than an hour ago. >> 7:30. we've been all morning long. >> we've been showing you monster winds at 100 miles an hour. category 4 storm and not showing signs of slowing down. >> conditions getting