paul reilly is ceo of the company. and paul, talk about market conditions because it looks like the drop in the market affected you guys? >> yeah, part of the headwinds was the start of last quarter. we built assets in advance and in the end of september we are down 4%. we don't focus on the quarter. at the end of the quarter, we have record over half a trillion and record bank loins and reallocating the deutsche bank advisers this year but it was a tough quarter relative to our normal expectations. >> what about the asset management business, everybody on the street is chasing. but there were flags this season maybe it is not as stable and profitable going forward as everybody thought. what are you going to do if that tough, competitive environment persists? >> we've been through marketdown turns before. it is our 112th quarter of profitable. we made money in every quarter of '08 and '09. it is just more fun in up markets. our management was up this quarter in revenue and profits. and frankly, we didn't have much equi

paul kramer loves this guy. look at this move. strong take, three-point play. reilly vaughan, the big man can play defense even out front. look at him up top with the steal. and he knows what to do with it. the flush. and moeller over elder 56-48. >> we make the jump across the river to kentucky for more rival basketball. newport catholic squaring off with cub cast. >> the buckeye charity classic children's fund. >> battle for bragging rights. andy pumps once, drop that jumper. big >> cub cats come away with the win. all right. mason has been tearing through the greater miami conference at the top of the standings with an 8-0 record going into last night. >> a win would improve their conference record to 7-2. >> it was a big one. mason visiting oak hills. the highlanders with the rock. why not go back inside the battle. look at the spin move. the game is tied at 33. time running out. desperation shot for mason. cameron beats the buzzer. they storm. mason with the win. >> the succeed has been vocal about doing something they haven't managed to do in five years. winning

paul kramer loves this guy. look at this move. three-point play. next reilly. look at him up top with the steal. he knows what to do with it. the flush. 56-48. >> we make the jump to kentucky for rival basketball. newport catholic squaring off -- >> that's part of the buckeye charity classic. the ruth meyer children's fund. >> the lucky 13 wearing luke and then andy pumped once, dribbled right and dropped that jumper. he gets it delivered, the hoop and the foul. >> yes it is. cub cats coming away with the win. 58-43. mason has been tearing through the greater miami conference at the to want of the standing with an 8-0 record going into last night. >> a win would improve their conference record to 7-2. >> mason visiting oak hills. the highlanders with the rock. it's getting late. kyle of mason driving. he hits the bucket. mason would come back to take the lead. why not go back inside the battle? look at the spin move. the game is tied at 33. time is running out. cameron shieder got it off the glass. he beats the buzzer. they storm the court. the mason student section go wild. mason with the win 3

paul kramer loves this guy. look at this move. three-point play. next, reilly, the big man can play defense even out front. steal. he knows what to do with it. the flush. and molar over elder 56-48. >> we make the jump to kentucky for more rival basketball. newport catholic squaring off with cub cast. >> the charity classic benefits a special cause. ben wire demanded the ball insign. >> it is cub cat coming away with the win. 58-48. all right mason has been tearing through the greater miami conference at the top of the standings with an 8-0 record going into last night. >> they are playing catch-up. a win would improve their conference record to 7-2. >> it was a big one. mason visiting oak hills. the highlanders with the rock and ryan battle for two -- the lead, up four. he's hammered, he gets the bucket. mason would come back to take the lead. oak hills down two. look at the spin move. the game is tied at 33. time running out. desperation shot for mason. cameron got it off the glass. he beats the buzzer, yes they storm the court. the mason student section goin

paul all taking the stage. but there' s a notable absence. the gop front-runner is standing firm saying he won' t be there. donald trump appeared on fox reilly avoiding the host' calls for trump to join the trump says he' s unhappy with the way fox news has treated him moderator megyn kelley. his closest rival ted cruz quick >> donald is a fragile soul. and who knows what could happen? his air -- his hair could stand on end. erika: trump will instead hold wounded veterans. the debate starts at 9:00. newscenter 5' s phil lipof will be reporting in iowa for the lead-up to the caucuses. phil' s reports begin tonight on newscenter 5 at 4:30. randy: a deal to end the fight over a proposed casino in everett. and it will mean a big chunk of change for boston taxpayers. the city of boston will drop all efforts to kill the wynn casino in everett. boston is concerned over the impact the casino will have on traffic especially in sullivan square. in exchange wynn will pay the city $2 million in compensation for the next 15 years. $25 infrastructure upgrades in sullivan square wynn will aim to spend 20 -- $20 million a year doing business with boston com

paul all taking the stage. but there' s a notable absence. the gop front-runner is standing firm saying he won' t be there. donald trump appeared on fox news last night with bill o' reilly avoiding the host' s calls for trump to join the debate. trump says he' s unhappy with the way fox news has treated him with sarcasm and questions from moderator megyn kelley. his closest rival ted cruz quick to poke fun. she might ask a main question in who knows what could happen? his hair could stand on end. erika: trump will instead hold an event in iowa tonight for wounded veterans. the debate starts at 9:00. in the democratic race bernie sanders and hillary clinton are doing a full-court-press in iowa today just days before voting begins. sanders met with president obama at the white house yesterday but the meeting was not an endorsement of any kind. afterwards sanders called it productive. >> the president and i discussed a number of issues, foreign-policy issues, domestic bit of politics. erika: at the same time clinton was already back in iowa campaigning at a bowling alley. most polls put clinton and newscenter 5' s phil lipof is in he' ll be reporting live on the lead-up to