ruth: so, 2015, morgan stanley was in a really good spot. i was with bill campbell, an iconic leader in silicon valley. he has been written about as the trillion dollar coach. he coached steve jobs, larry, sundar, sergey, so, it's a privilege to sit with him. at the time i said, i'm ready for the next chapter, but the one thing i am not going to do is be cfo again. we spent two hours in his living room. at the end he said, i heard you clearly, not cfo. and i said, exactly. he said, i've got the best idea, cfo of google. [laughter] and of course, i immediately said, well, i hadn't thought of that one, that one is interesting. david: did you tell him you could not work with private equity people as closely as you had been? ruth: i know, sometimes in hardship in life is worthwhile. david: are we going to have driverless cars in our lifetime? ruth: you can hail a waymo in san francisco, hop in, and get where you want to go. it's pretty remarkable. ♪ david: so what's it like moving from the east coast, where everything is finance and money, to th

and you could have been the ceo of morgan stanley. why would you leave the important world of finance for something less significant, like technology? why would you do that? [laughter] ruth: you know, kind of right time, right place. when i was the cfo of morgan stanley, i started january 1, 2010 in acquisition when james gorman took over as ceo. and i think he's an all-star ceo. absolutely amazing, great partner. and when we started, it was 2010, so after the financial crisis, but morgan stanley was still very challenged. moody's was going to downgrade the bank at one point. it was kind of shaky. and i think that he and we together -- the team led this extraordinary recovery and it got to the point in 2015 where i was ready for the next chapter. and i got this call. google, it seemed ok. so, made that move. david: before we get to google, you were at morgan stanley when the great financial crisis of 2007, 2008 occurred. it is said that people thought morgan stanley and goldman sachs and everyone else was going to go under. were you l

and you could have been the ceo of morgan stanley. why would you leave the important world of finance for something less significant like technology. [laughter] ruth: right time, right place. i took over when james gorman was ceo. absolutely amazing, great partner. when we started it was 2010 so after the financial crisis but morgan stanley was still very challenged. moody's was going to downgrade the bank. at one point it was shaky. i think the team lead this extraordinary recovery and it got to the point in 2015 where i was ready for the next chapter and i got this call. it seemed ok. i made that move. david: you were at morgan stanley when the great meltdown, the great financial crisis of 2007/2008 occurred. people thought morgan stanley and goldman sachs was going to go under. were you living through that and did you think morgan stanley was going to make it at that time? ruth: there were days i did not, it was bad. probably the most meaningful times of my career was when it hank called and said, and need advice, i need some banke

so, actually, i did one trade today, i got out of morgan stanley and increased my citibank bet. so, we're -- five weeks away, i guess, from earnings, and this one being the cheapest on the book metric makes it interesting to me, and i like -- >> five weeks from earnings again? >> yeah. >> i didn't mean to interrupt you, but i had to. >> just in the tail end -- >> time for banks again, guy. just like that. >> a lot of those -- they'll be reporting friday july 13th is probably -- or, the 12th, actually. >> okay. >> july 12th is when we start again? >> bank earnings again. it was april 12th when they all started. >> so -- diminishing your morgan stanley position -- >> to zero. >> yeah. which is, what? >> it was -- i had done nicely, remember they had that investigation and that seemed like a compliance nightmare and i thought it was going to weigh on them a lot and yet they put out good numbers, asset management business is doing nicely, and i also think that there is a tailwind in the amount of capital market business that there will be, and so -- >> that sounds like the bullish c

coming up next, morgan stanley's head of m&a joins me next in an exclusive interview.t's up next, this is bloomberg. ♪ i can't believe you corporate types are still calling each other rock stars. you're a rock star. we're all rock stars. oooo look look at my data driven insights, i'm a rock star. great job putting finance and hr on one platform with workday. thank you! guys, can you keep it down. i'm working. you people are (guitar noises). hand over the air guitar. i've got another one. thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh sonali: this is bloomberg markets. it's time for the wall street beat. we are looking a deal activity which has remained strong despite the higher for longer interest rate narrative tom miles is the morgan stanley head of m&a in the americas and joins us now. even though you've seen some activity wi

with e*trade from morgan stanley, we're ready for whatever gets served up.otta work on your trash talk. i'd rather work on saving for retirement. or college, since you like to get schooled. that's a pretty good burn, right? this isn't charmin! no wonder i don't feel as clean. here's charmin ultra strong. ahhh! my bottom's been saved! with its diamond weave texture, charmin ultra strong cleans better with fewer sheets and less effort. enjoy the go with charmin. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. >>> he's going to catch it. that ball deep in the left field. >> it was a rather rough outing for yankees ace garret cole in the second start of the season last night visiting the cross town mets in queens. the re

morgan stanley.harlotte yang is here to tell us why the outlook is brighter. >> trading at a record high. we have more bullish notes coming from morgan stanley. most of them have raised the price tax but morgan stanley is about the strong demand from companies. citigroup seeing stronger earnings driven by the stronger demand. they also expect tsmc to raise its capex. david: citi or morgan stanley raised it by 10%? another stock we are tracking. >> a symbolic moment for the company also known as foxconn. the founder said in 2016 he would not retire until the stock valuation reached this level. it has been struggling because investors are not that excited. but the ai services exciting everybody. david: could hear a tire at this point? another conversation. charlotte yang, our asia equities reporter. plenty more here on "bloomberg markets: asia." you are watching bloomberg. ♪ david: here are some stories we are following around the world. lied merck putin will visit north korea this week. the kremlin sa

with e*trade from morgan stanley, we're ready for whatever gets served up. work on your trash talk. i'd rather work on saving for retirement. or college, since you like to get schooled. that's a pretty good burn, right? >>> welcome back. the country's former top infectious disease doctor, dr. anthony fauci, faced a barrage of attacks from republican lawmakers yesterday during a hearing on capitol hill. for the first time since retiring last year, dr. fauci testified publicly before the house select committee on the coronavirus pandemic, and he spent most of the hearing fending off conspiracy theories. >> do you agree there was a push to down-play the lab leak theory? >> not on part my part. >> really. >> really. >> i think most of the country would find that amazing. >> look at the facts. i've kept an open mind throughout the entire process. i don't think the concept of there being a lab leak is inherently a conspiracy theory. what is conspiracy the distortions of that particular subject, like it was a lab leak and i was parachuted into the cia like jason bo

(grunting) at morgan stanley, old school hard work meets bold new thinking.8 years old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities and relentlessly working with you to make them real. old school grit. new world ideas. morgan stanley. >>> lightning round is sponsored by charles schwab, trade brilliantly. >>> it is time for the lightning round. and the lightning round is over. let's start with rick in georgia. rick. >> yes, jim. this is rick. my stock is the symbol obf >> you could hold it but i feel really good about central. >> how are you doing? i have booyah in your honor. my stock is $14 a share in january of 2020 and $450 a share in march. they cut the dividend in half with decreases shortly. the share price is over $15 a share with the dividend over 8%. does this have room to run? energy transfer. >> all of the things you describe are what made me dislike it. they rebuilt and you have a winner there now. they done a very good job. let's go to sebastian and florida. >> hey, jim. i have been holding snpi

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and morgan stanley will launch an a.i.cial advisors. debrief will do the so called grunt work, the program takes notes on client meetings so it doesn't have to be done by hand anymore. and google is using facial recognition technology at one of its campuses in washington. security cameras will compare facial data to employee id badges to keep the unauthorized people and contractors out. it's a test but it obviously raises surveillance and privacy concerns and apparently, maria, you cannot opt out. so if you need to get into those offerses they're scanning your -- offices they're scanning your face. maria: i don't like that. what about you, how do you feel pout that. >> i feel like it's inevidence. they have people they want to protect. they have documents and technology they want to protect from getting into the wrong hands. i don't think we can avoid it. maria: what do you say in terms of facial recognition technology? >> i think they're overstepping a little bit. maria: me too. >> seems like a privacy concern, security c

e*trade from morgan stanley >>> that is what a campaign is about.'re running against a very highly seasoned political professional, people that believe the debates belong to them. people that believe the presidency belongs to them and not the american people, and people whose leader, george bush, quote, he would do anything to get re-elected. >> james carville and who the debates belong to. you remember that? >> oh, sure, i remember all of it. at least i didn't have sideburns back then. >> so the debate is the biggest moment other than maybe naming the running mate that actually gets everybody in. and nowadays people on their phones and you could not follow the news. when trump names a running mate you're going to look up and see who it is. he's trying to wrest control of the week maybe floating the announcement ahead of thursday's debate like north dakota doug burgum and senator j.d. vance. we should mention trump is not considering his own past vp mike pence who then outgoing president trump threatened for following the law after their loss. and w

e*trade from morgan stanley >> announcer: the market zone is sponsored by e-trade from morgan stanley>>> we're now in the closing bell market zone. mike santoli here to break down the crucial moments of the trading day. pippa stevens on the sell-off in solar stocks today. most of the big banks, they'll announce plans for excess capital after the bell today. leslie picker is following the money for us as well. mike, we're going to pull the curtain down on the first half of the year. pretty good one for stocks at the index level. >> very good one. i think if you extrapolate, you say what tends to happen next, after you have the first half like this. it almost all tilts to a positive bias, we can say that for sure. you can also say the end of the first quarter, i'm very mindful of the experience at the end of the first quarter is very celebratory. that's a little more overbought. we were all in, we had had the momentum break, you know, nvidia peaked a few weeks earlier. we were heading into an earnings season that was going to be good and it was good. and you still had a little bit of ch

morgan stanley writing in a note that the new phase of tech diffusion in retail is under way and thatr, naming seven companies where ai will drive faster growth and on-air margin expansion. joining me now to discuss is simeon gutman an analyst at morgan stanley it's great to have you here. >> thanks for having me, kelly. >> i don't want to say retail is the new tech or semis, but you start talking about this profit margin expansion you'll catch people's attention what exactly do you foresee? >> first, it's okay if you want to say retail is the new tech. that's good. it's been a decade, margin erosion and it's a lot of investment in e-commerce retail is getting its groove back and it's for those who have been taking share and seeing the pendulum shift back and margins are coming back for those that are winning and a lot of it is tech-enabled and they're seeing those things >> are you seeing companies that you see in the immediate near-term, 200 basis points of profit margin expansion? >> walmart is the one that comes to mind first. 200, let's just say will be a slower process a couple

amd dropping 4.5% after a downgrade at morgan stanley.lysts cutting its rating to equal weight, saying the a.i. bar is very high. software stocks getting hit. snowflake, workday, trade desk all lower. katie, what did you make of this action? >> you know, with nvidia, i think it's widely known that a split does not improve the value of the stock, right? but i understand how it does effect the sort of impression of it being cheaper, and to me, you know, it could foster a little additional momentum behind nvidia, just from a sentiment perspective. but nvidia has been such the driver of this market, and if we do see it enter a consolidation fe phase, there are some indications of that, you know, we feel like that's going to be a big drag on the broader market, and near-term, the uptrend is very, very strong there, there is still good long-term momentum, but for nvidia, it worries me that there's so much hyper focus on it. >> yeah, the morgan stanley note was interesting. the analyst said, if you want to invest in picks and shovels, everybody

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e*trade from morgan stanley >> announcer: the market zone is sponsored by e-trade from morgan stanleyy with no account minimums. >>> now in the "closing bell" market zone, kate rooney is tracking what's driving gamestop shares lower into the close. plus, pippa stevens with a look at the selloff in solar stocks today and diana has the set-up after the bell. gamestop got their hopes up and had them dashed again. >> it was uneventful for the reddit crowd. it was actually gamestop's second attempt at an annual meeting. it was scheduled for last week and got bumped today after the website crashed due to unprecedented demand from online participants. today, relatively uneventful. ceo ryan cohen said gamestop plans to operate the smaller network of stores and talked about a strong balance sheet. company has been capitalizing on this meme stock rally. there were no specific new updatesaround the turnaround plan there, the stock down more than 12% today after that meeting. it's been on this wild ride since, of course, the return of keith gill, roaring kitty, to social media. ryan cohen, in his

morgan stanley. (♪♪) iconic brands speak for themselves.are so excited to welcome you to our community. today is all about you. (♪♪) (♪♪) >>> welcome back, big tech closing the first half, nasdaq 100 is on pace for its best movant year, and three of the mega caps hitting record highs to the, joining me now for a look at the second half setup is doug clinton of deepwater asset management, good to have you back. >> good to be back, scott. >> nvidia is dominating the conversation, i'm sure people are getting tired of talking about it, but it's impossible to avoid. what do we make of the price stock action of late, what does it tell you? >> it's a healthy reaction to what has been a powerbolic move, look at the stock up over 100% year to date and it's now one of those trillion dollar companies you just talked about, scott, i think it's healthy that we're seeing these drawdowns of 10, 15%. look back at the dotcom movement, another era where we did have this technologically driven bull market, several periods where the market pulled back 10, 15,

i think you alluded to it with the morgan stanley etrade platform.ction or investigative action at the s.e.c., i think we're aways from that. >> you think we're awaying from that. there are fewer short selling firms out there than there were previously, but you're saying there's something going on. why get involved in this if you're a short selling firm? >> i would guess a lot of these professional short sellers are not playing around with game stop right now. i don't know that for a fact, but they've been burned before on this name and meme stocks as the audience well knows, so i have a feeling they're probably steering clear of this name if they can, especially with the huge run-up, which would have caused a giant short squeeze. but, yeah, i think short sellers have always had this sort of frustration and pessimism of others in the market and certainly companies being shorted. they have faced regulatory scrutiny in the past. it can be very expensive, even devastating if you get a short squeeze, in other words, the stock shares run up and you have t

our report shows morgan stanley reports gill was placing the bids.his is someone who gained $30 million trading a few years ago and now we see the gains in the hundreds of millions of dollars. it really is remarkable. one sign of concern is a lot of people do follow him into these trades and when i interview individual investors in 2021 compared to 2022, i learned many did end up losing money. >> gunjan, thank you very much. one more quick look at the futures. mixed all morning long. take a look right now. s&p has been flat. the dow off its lowes. that will do it for us on "worldwide exchange." we have "squawk box" starting right now. >>> good morning. breaking overnight. a deal by regulators paving the way for anti-trust probes into nvidia, microsoft and openai. that report comes less than a day after that nvidia joined microsoft in the $3 trillion club and the world's two most valuable companies. one and two. >>> 11th hour reversal by new york governor kathy hochul over the pricing plan. it's thursday, june 6th, 2024 and "squawk box" begins right n

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e-trade from morgan stanley with powerful, easy to use tools, power e-trade makes complex trading easier. reactor fast moving markets with dynamic charting and to futures ladder, the lets you place latin or reverse orders. so you won't miss an opportunity e-trade from morgan stanley manu raju on capitol hill. >> this is sienna this morning, jury selection is underway and hunter biden's felony gun trial in delaware. this is the first time the adult child of a sitting president of the united states has gone on trial. hunter biden is accused of illegally purchasing and possessing a gun back in 28 18 while abusing drugs. he's pleaded not guilty joining us now, former assistant special watergate prosecutor, nick ackerman, and former federal prosecutor, renato mariotti. renato what are the main things you'll be watching as this trial begins? >> well, one thing i'm going to be interested in is what is the defense's narrative here it's very challenging to convince the jury in this circumstance. he didn't purchase a gun or that you weren't abusing drugs at that time? >> i i think that they're goi

morgan stanley looking to a possible ban on gill.made, but discussions have been ongoing since gill resurfaced roughly three weeks ago. as for the broader market, the new york stock exchange is back at 1% after the swing of berkshire hathaway and chipotle. some have berkshire down at 90% at one point. that glitch was the second in less than a week that impacted pricing data for the dow and s&p for more than an hour. joining me on the cnbc news line is former s.e.c. commissioner and cnbc contributor jay clayton. jay, great to have you on the show. >> thanks, frank. >> let's start off with the market glitches. how serious is this? a technical problem or investor confidence? we mentioned the berkshire hathaway trades were canceled. basically unwound. >> frank, you have to take every one of the glitches seriously. we do. we have a number of regulations. there is an s.e.c. regulation that goes to these critical systems and exchanges and clearinghouses and the like. rigorous oversight on the electronic systems. you have to take these serio

. ♪ (grunting) at morgan stanley, old school hard work meets bold new thinking.ughter) at 88 years old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities and relentlessly working with you to make them real. old school grit. new world ideas. morgan stanley. david: how many employees does novartis have now? 76,000 is a lot of employees. do you frequently get a chance to meet them in some organization somewhere, some meeting? how do you deal with all those employees? vas: the most valuable thing i find is toarnd the world et people, have town halls and interactions. before we spent off these businesses we had 135 thousand people. there is nothing that can replace showing of face-to-face and describing why we do what we do. david: as the ceo of novartis do you tell your subordinates these are the areas i think we should work on and see if you could come up with a pharmaceutical product in that area or do they come to you and say we have a prospect here? vas: i have a philosophy that we call on bost. we want our people to

morgan stanley we're trying to save the planet with nuggets because we need the planet and we also needuggets impossible. >> we're setting the meat problem with more meat you. will mate to find inner peace we remain >> just shy i hanako montgomery in tokyo and this is cnn close captioning brought to you by ruler law. >> i kind of brands up to 70% off retail at rue la la.com, at rubella you never faithful sees the deals on top before there soft.

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morgan stanley.ive shot of the principal room. >> time for our daily wall street we conversation. media executive and bain capital said to be teaming up to by the parent company of paramount. they are considering offering more than $2 billion for national amusements. we have erik, professor at the university of michigan ross school of business as well as wall street weeks david westin. this is a messy one. david: you need a scorecard. erik, first of all, we hear about edgar from bain. how many people are bidding and maybe more important, what are they bidding for? >> they are bidding ultimately for paramount. it is a complicated ownership structure that we can get back to. how you get ownership of paramount. but that is what they're trying to get. paramount is not just paramount movies. it is also cbs and a bunch of cable things. who exactly actively bidding? we are not totally sure but so far we have had guy vance, which is david allison of oracle fame, apollo made sort of a run at it. there was tal

with e*trade from morgan stanley, we're ready for whatever gets served up.er work on saving for retirement. or college, since you like to get schooled. that's a pretty good burn, right? got him. good game. thanks for coming to our clinic, first one's free. >>> into the market zone we go. cnbc senior markets commentator mike santoli and joe ter nova, both here to break down crucial final moments of the trading day. m i'll get your take on what we've seen today. interesting reversal. nice move in the dow. what did you see? >> whipsaw. definitely an unwind of what we've seen being the extreme. we have near record levels of divergence within the indexes. you've this this real upside stampede of leverage trade upon leverage trade and the winners. it's trying to relieve those extremes, the market is, through rotation rather than just everything goes down. because that's been one of the questions out there. we haven't settled it, but for now it's been this move from stuff that got super stretched and overheat into things that hadn't worked. energy up 2% and energy

we also reached out to morgan stanley and etrade, scott.ent yet but we'll keep you posted. >> let me ask you a question, kate. has the page that you say has been going around on social media, allegedly, i suppose, an etrade page, has that been verified by any of the parties involved that it's legit? >> it has not, scott. but this report does, if true, lend some credibility to the fact that he may, indeed, have an etrade account. if they're able to look him up and say, we are considering pulling his account down. so we have not verified that independently, other news outlets have not, but it did spark some of the trading we have seen in gamestop and some of the excitement. so newsworthy in that sense. the screen shot was up for debate. really interesting they're calling out here on etrade that this screen shot caught their attention and now considering pulling his account. so it seems base on this, in some ways, confirms he is etrade client and does maybe have that massive amount of call options in that position in game stop. >> yeah. we'll

with e*trade from morgan stanley, we're ready for whatever gets served up.k on your trash talk. i'd rather work on saving for retirement. or college, since you like to get schooled. that's a pretty good burn, right? got him. good game. thanks for coming to our clinic, first one's free. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. >>> nvidia shares are selling off again today after snapping an eight-week win streak, now down nearly 15% from the recent high dan chung joins me at post 9 welcome back i'm sure you like everybody else is getting asked 1,000 times a day about nvidia and what to make about it. >> seems to be all we can talk about. i will just note that a great company like nvidia is going to have a lot of

with e*trade from morgan stanley, we're ready for whatever gets served up.e, you gotta work on your trash talk. i'd rather work on saving for retirement. or college, since you like to get schooled. that's a pretty good burn, right? got him. good game. thanks for coming to our clinic, first one's free. norman, bad news... thanks for coming i never graduated from med school. what? -but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds up to a gig on the go. plus, buy one unlimited line and get one free for a year. i gotta get this deal... i know... faster wifi and savings? ...i don't want to miss that. that's amazing doc. mobile savings are calling. visit xfinitymobile.com to learn more. doc? >>> we are back. chicago fed president austan goolsbee saying last hour this week's cpi data brought him, quote, relief, and that he would feel, quote, very good to see a few more months of data like this one. for more let's bring in cnbc senior economics reporter steve liesman. steve, it's good to have you on after

morgan stanley says, yes, it should accelerate the replacement cycle. it is unlikely to drive the replacement cycle. it is split here. >> accelerate is one thing. create additional. so accelerate maybe. >> everybody thought there was somewhat of an upgrade cycle in place. will there be additional? >> i don't think so. i was underwhelmed as well. the only thing i can imagine -- the only thing that makes sense to me, we had a hardware multiple and software multiple. now we have a hardware multiple, software multiple and i guess an a.i. multiple, which maybe is what -- i mean at 30 -- i don't know, 31, 32 times with a reasonably sized hardware element multiple, you need a good multiple on the rest of the business. i guess that's what it is. i have a tiny position, but i don't know, i wasn't so excited by that yesterday. particularly the siri part. i got it in for siri, but i didn't think that was great. >> i think gene is more excited about 2% growth going to 10 and 12%. so i think that's what is really moving the needle and to guy's point, services, that

its price target was upgraded by city and morgan stanley but we are seeing an outlier in the chinese equities and on the hang seng as well. the concerns given the mixed data coming out of the chinese economy yesterday dogging investor sentiment along with what we are hearing about trades bets with the u.s. and europe. those are the risks for equity investors playing into what we see on the mainland and in hong kong with tech coming under pressure. we got a decision from the rba today. we will keep an eye out on what we get from michelle bullard. leaving rates unchanged as expected. if you look through the statement, it also says it is not ruling anything in or out. what was interesting was the last paragraph -- it suggests that reiteration that rate hikes are on the table. we are seeing a hawkish reaction. the yields on the traded bonds are moving more than prior to the decision. the aussie saw a bit of a gain. still sitting flat against the greenback. this is not unexpected given the resilience of the dollar. the u.s. dollar -- we are also watching out for messaging from the bank of

secrets and spies, a nuclear game sunday at ten on cnn at morgan stanley old school hardware meets bold new thinking at 88-years-old, we still see the world with a wonder of new eyes helping you discover untapped possibility and relentlessly working with you to make them real old-school grid, new world ideas morgan stanley liberty mutual customize my car insurance and i saved hundreds with all the money i saved thought i'd by still say honey oh, look, no line at the hotdog stand only pay for what you need simply safe, your safety is the only thing that matters. >> we designed smarter ways to detect motion for fast emergency response we create hd cameras so you can see what's happening in your home from anywhere. all powered by fast protect technology exclusively from simply say for faster police response. now install our advanced system your way. >> have a pro set it up, or easily do it yourself. there's no safe like simply safe you're calling some people find there's at an early age others later in life are calling was to build trucks. and that's why trucks or what we do we put our eve

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@morgan stanley which it introduced back in september and it's called "an enormous productivity quantumt its already got competition. brightwave a.i. is a brand new research assistant for financial professionals. brightwave doesn't just save you work. it checks its work. the start-up announcing today it completed a $6 million seed funding round led by vc group backed by steve coen's .72 ventures. pretty exciting. co-founder and ceo mike conover joins me now in a fox business exclusive. how does it work? that fascinated me, mike. >> well these systems are incredibly powerful, and we have created technology that is able to reflect on intermediate work products just like a human analyst would. it generates findings and research insights and then self- assesses. do i believe this? what else would i need to know in order to harden my conviction in this investment thesis? it's an incredible technology and we're excited to be building it and on a mission to transform the way humans understand the world around them. liz: industry-specific a.i. is really the next evolution in all of this , so yo

. >> we've got nothing to worry about with e-trade for morgan stanley were ready for whatever gets served up. >> do you get to work? we trust on rather work on saving for retirement. >> will college. since we'd like to get schooled. >> that's pretty good burn, right. got game thanks for coming to our clinic first one's free at morgan stanley old school hardware meets bold new thinking at 88-years-old, we still see the world with a wonder of new eyes helping. >> you discover untapped possibilities and relentlessly working with you to make them real old-school grid, new world ideas. morgan stanley itch, scratch must not stop the ip sanity with cortisone tan fur bug bites, poison an iv and other honoring their sacrifice while attempting to safeguard peace for the future. >> president biden in france commemorating the 80th anniversary of d-day, while potentially critical moments loom in the middle east and ukraine. and new charges for a suspect it did serial killer prosecutors charging rex heuermann in the deaths of two more women. but the latest development could change the police timeline o

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morgan stanley, juneteenth, celebrating freedom and legacy. >> wednesday, june 1910 on cnn president biden ramps up his trip to france today, he was honored by the french president with an official state visit on saturday at the point of the visit was to show the close partnership between the two countries on global security issues and easing of past trade tensions that later today, before today returned to the states president biden and the first lady are expected to lay a wreath at the end marne american cemetery that is a cemetery that donald trump notably skipped visiting when he was president back in 2018 a cnn senior white house correspondent, kayla tausche, as live in perez. >> hi there, kayla. what else did president biden have to say about his trip good morning amara and victor last night, president biden thanked france for helping secure u.s. >> freedom in 17, 76 and said the us was returning the favor 170 years later at the end of world war to president biden also reiterating a mess such that he has had all week here in france that we're at an inflection point in history a

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the stock reiterated overweight at morgan stanley. $155 price target. so far this year. a big interview coming up in the next hour with ceo michael dell on "money movers." also watch shares of auto desk. activist investor starboard value has taken a stake in the name. much more on that story and what investor wants and how the company is responding in just a little bit with the stock up almost 4%. carl, it's not going to compare to last week when we had cpi and the fed, but there are important data points this week. retail sales is going to be a highlight about tomorrow, industrial production as well. the market closed on wednesday here in the u.s. for juneteenth, but we will get british inflation, jobless claims on thursday, takes on even more importance after we got an elevated read on the number of americans filing for unemployment claims this week. see if that trend continues. and then home sales data. what i will also be watching is central banks around the world, just because the fed is out of the way, we also have australia, bank of england, minu