rosalind chin joins us. good morning. >> hi.'s look at some of the pieces in the case because it can be, ken. the two brothers who ran the second most valuable property company was found to corrupt hongd to kong's number two official. you can see pictures there. he was the chief secretary. it is the second highest position in government. it is something comparable to the vice president or prime minister. away orf executive gets is away, the chief minister steps in, such a high position. it was high profile in hong kong and gathered a lot of public interest. these are the two men. thomas kwok was found guilty of conspiring to pay hui 1.1 million u.s. dollars to get favorable properties. he has been sentenced to five years in jail. was found guilty of five out of a charges include conspiracy to accept money in bribes during his time as chief secretary. and later as a member of the government advisory board. thomas, these are both men in their 60's. both facing even five years in jail is a lot of time for these men. this is what th

rosalind jenna has been following the story from the very start.udience, who are we talking about and what did they do? [applause] we -- >> we are talking about hui, who had the second-highest position in the government. kwok, one of the billionaires running the second-most valuable property developer. also oneraymond kwok, file and a cochairman. -- on file and a cochairman. al and a cochairman. the car was over whether it was bribes. ial was over whether it was bribes. was found guilty of one charge of conspiring to commit misconduct in public office amounting to a payment of 85 billion hong kong dollars, about $1 million u.s.. hui wouldo that remain favorably disposable chief secretary. ui was found guilty for conspiracy and each charge carries a penalty of up to seven years. they could be looking at some time behind joe for this. these men are in their 60's -- behind jail for this. these men are in their 60's. -- they sayhomas that thomas kwok will appeal and that raymond kwok walked free. >> this is a win for the anticorruption agency in hong k

we'll check in with rosalind chin who is on the ground with the latest. behind me, members of the police tactical unit are making in theork of the things 11 weeks. you can see they are dismantling there were substantial supplies here and this area that we are standing and now had a where you can come and say part of the protest. so, this is what is going on now. on this area and you will see police lined up. garbage picking up the street >> on the thank you very much we head to the break, we will leave you with some of that. on the move is back in two minutes. >> welcome back to on the move. let's get some companies we are let's get the details from hans nichols and berlin. what have we learned? >> this is the shop and we have learned they are under investigation and looking into whether or not they use g the currencyridg rate. this is barclays and deutsche bank. we do not know whether the algorithms on either side are talking to each other and this comes on the heels of a big investigation on currency rigging. a billion-dollar settlement they had a coupl

rosalind outside of the high court with more on this. what can you tell us?he jury expected to go off in a little while to begin their deliberations. they will decide on a verdict for the case. what we're looking at is this area of a man that wants to help hong kong's second-highest position accused of taking bribes from to those of asia's richest men. hui was chief secretary of hong kong from 2005 2 2007. thomas kwok,nd chairman of the longest -- chairman of the largest property developer by revenue. they are accused of having given bribes to this former official hui worth more than $10.5 billion each. -- hui. they are worth more than $10.5 billion each. to $5 million in payments, unsecured loans, and housing given by the kwoks. also claims to have received sweeteners. men on trial, two are alleged to be middlemen between hui and the kwok brothers but all five men have pleaded not guilty. >> what about the money. what did the court here about that? r about that? >> it is alleged that hui received some of the money before he became chief secretary in 2005 and

. -- rosalind chin out of hong kong. decision on a benchmark rates later on today.es to be hurt. let's go to moscow. joins us now. thank you for joining us. increase do you expect to see police central-bank? most economists seem to expect the increase in rates. there is a wide range of expectations. what are your thoughts? >> 100 basis points. addressthe goal to inflation rising. it is not that by itself. if you really want to defend the more and iteed much could create additional rates. it also creates additional financial stability. compromise not growth. the central bank will stick to the inflation targets and it is not as dramatic. they will announce the macroeconomic forecast for next year and the additional information in a sheer. -- if it becomes pessimistic, we can see our dramatic rate hike. we expect it to be very moderate. >> what is the point? rates and theg ruble is being driven by oil prices. isre talking about how it why makeal factors and a decision to increase interest rates? the point.exactly ity react to inflation and will accelerate in the next m

we see rosalind carter at gerald ford's funeral. that is amazing. these men go through things and have scars that no one can understand except each other. that bonds them in ways that all of them are writing about politics and policy that few of us can experience. >> i want to ask nancy about the hoover-truman relationship. what did you find specific examples of where those two worked together? >> initially it was a practical thing. truman found himself president. here he is facing a catastrophe. literally hundreds of millions of people are at risk of starting. -- starving. it was a mammoth undertaking to figure out how we're going to get europe on its feet. no one knew more on how to do this than herbert hoover. he is a great problem solver. against the wishes, truman reached out to hoover and asked him to come in and helped him how to figure out how to do european relief. they are suspicious of each other. they had not had a relationship before. as they got over their suspicions and were very much united in the urgency of what they were up against

. >> thanks a lot for that, rosalind chain. we've got to take a break.ing place in the central business district of australia. we've got that happening at martin place in sydney. also, looking at the slumping price of crude. -- touch the $55 a barrel mark as close as this week? you are watching "on the move." ♪ >> getting a look at what is going on with the price of crude, fallen below that $60 a barrel level, this coming as opec will resist output cuts even as prices slump. is there a flock to the price of oil? our guest is the head of global oil research at credit suisse. they are talking about $40 a barrel. they would still not cut out. what gives? like that little bit scottish play in the theater where you never see the word "mac that." you see producers from the gulf talking down crude to $40 a barrel, i think it is clarifying, in case anybody wasn't exactly sure, this is a market share battle, and price is the weapon. whether we get down to the 40's, numerous producers, the uae oil minister talking about it, an iran oil planner say it -- prices wil

going up against julianne moore, reese witherspoon, felicity jones, and rosalind.ory. ty burrell and eric stone street going head to head. it's a win-win. they're all just so good, and the writing gives them the opportunity to flourish. just a quick shoutout to edie falco, now the most-nominated actor in s.a.g. history with her role in "nurse jackie." talking tv or film. congrats to you. >>> and the norwegian tv station that brought viewers non-stop coverage of a barge moving down a river, showed nothing but a train chugging down the tracks. and then there was the 12-hour knitting marathon. they have done it again. the slow tv programs, okay, they're not people getting swallowed by anacondas, but they're big hits. ratings gold, i dare say. and now they have struck gold again with a 60-hour choir marathon. the choirs all over the country. and even one here in the u.s. made up of people of norwegian ancest ancestry. they sang a paul book, 899 psalms straight. 2 million people tuned in over the course of the marathon. >> one song at the same time. >> that's beautiful,

also, sams club ceo rosalind brewer. one more look at the premarket.ow still has not had two consecutive days down since the middle of october. more "squawk on the street" from post nine in a minute. is >>> highest apple price target on the street is now $150. j&p securities raising it from 135, reiterating its market outperformed rating. the lack of competition from key competitor ann droid. >> we talked yesterday about whether apple is too expensive. they're using a $9 estimate for 2016. how in heck with a $9 estimate could you be worried about valuation in the $150 level? it's cheaper than almost every tech company i follow on a 2016 number. the idea that it's overvalued -- that fellow yesterday whose research i tossed in the air -- >> pacific crest call. >> a tad disrespectful. fortunately it was not seen. >> i think we heard about it. >> just $9. tim cook, i know, watches the show. tim, $9, your stock is not expensive. you'd be a buyer of your stock here. >> they are an ideal condition for the iphone 6. ipad demand seeing a see sresur. >> remember