we have seen financials report and a couple of your previous picks included this week, goldman sax who detailed their earnings earlier, you've liked this stock since the fall of 2007, since then down about 20%. city group also reporting earnings this week, a little disappointing, the share prices since you first chose it in december, just a penny lower. do you still like these two putting your money to work orz on both of them, yes, because if you look at the fundamental earnings report it was on fixed income trading on the bond trading and on investment banking. always lumpy when it comes to the commercial banks and especially the securities firms, the brokers like the goldman sax this is an excellent buying opportunity. and just the sector is only down 20%, goldman sax since precredit crisis that shows you the resiliency and strength of this name. >> tom: did you feel the same way about city group after its earnings? >> yes, because i saw some real positive signs out of latin american asia there and we also saw credit quality improving. >> tom: you did bring a new pick american publi

alto sax. i really don't know how to play the sax at all. >> jimmy: here we go.ong? >> jimmy: yep. don't show me. >> i don't know this song. >> jimmy: hopefully, it's not "the star spangled banner." all right. [ humming ] >> okay, i got it. [ laughter ] >> i gave him had the wrong song. [ laughter ] >> jimmy: hey, look, that's pretty good. ♪ [ squeaking out notes ] >> don't laugh. >> jimmy: "alley cat"? ♪ >> how do you get a sound out of this? >> jimmy: is that "alley cat"? ♪ [ laughter ] >> come on. ♪ [ laughter ] [ cheers and applause ] >> jimmy: "stepping out"? "stepping out with my baby"? [ buzzer sounds ] [ sad tuba ] >> i don't know this is called that. >> jimmy: what? >> "the wheels with go around the bus." ♪ [ audience ohs ] >> jimmy: "the wheels on the bus go round and round." yeah, yeah. ♪ fred, stop it. stop it, please. thank you. [ laughter ] carrie, you're up. >> okay. some of them have fallen off. >> jimmy: that's okay. >> okay. all right, steel drum. >> jimmy: oh, fred is jealous. >> damn it. >> okay, got it. you saw it? >> yeah, yeah. >> okay, i k

hear a little bit of your performance, and i am a big fan of john coltrane, and you play a phenomenal saxcan you tell me a little about your musical influences. >> a particular piece about john coltrane was he reached out to asia and his global vision. as an asian american growing up and coming up in this country seeking some recognition, that was a very meaningful, making that kind of contribution. i really owe a debt to john coltrane for recognizing my culture and uplifting it as part of the music as well. >> i know that your family history is really rich and complex in terms of illustrating how the chinese has occurred over the last two centuries. it could talk about that? >> it began in the 1870's, when my great grandfather, instead of coming with everybody else to the united states to build a railroad, he went off the coast of madagascar are. -- madagascar are. he met a woman there who is creel, african-american, french, and chinese. they married, and they had family, and i am the product of that. growing up here in the bay area, we have some influences because it is the gateway for

. >> and sax romer. >> that is my interest. >> it is not just for the oldies and moldies which interestsbrought one here this is a mexican print because i am a specialist in mexico and this book is bound in vellum the lining to of a sheep or cow's stomach and one of the toughest materials known it never deteriorates, and it just is a wonderful binding material they should use it still in my opinion. >> hear that crackle. >> that's right. this is the fine linen rag paper. this is meant for a priest, is printed in mexico 1750 and meant for a priest and the unusual thing about this book is it is sermonthey are in the astec language so he could communicate with his congregation. >> i was going to ask you borrow that i am a little short for sunday but nowatle what does it sound like? can you read any of it? >> no and even the pronunciation is a mouthful. >> is printed in roman or air back script. >> that's right arabic script. >> may i hold that? >> sure. >> it is surprisingly light. >> right and even when you are dealing with an old book, of come value, several thousand dollars they tend to

hear a little bit of your performance, and i am a big fan of john coltrane, and you play a phenomenal saxcan you tell me a little about your musical influences. >> a particular piece about john coltrane was he reached out to asia and his global vision. as an asian american growing up and coming up in this country and coming up in this country seeking some recognition, tha

what would have happened if he had never gotten his alto sax and philadelphia? hard to imagine. and the three of them often got together and created -- these are the greek legends of jazz. what would have happened without that? it's hard to imagine what would happen. they carried the full cuevas, the language, the music, the food and recreated these enclaves that i've described to you. working on this book i interviewed people with collard greens and growing in their backyards and oakland. oakland, california. this is how far the transplantation occurred. i want to close with two things. one is what is it that they left? the enormity of the departure is hard to fathom on so many levels. it is spiritual, it was the emotional, familial, geographical in every way it was a departure that took great bravery. it's not simply moving for a new job or where your job has relocated to read these were people leaving in place never be able to see it again, never to set the table, the kitchen table and have a cup of coffee with your mother as you might have before because it was so much more

france title for the moment though the riders says he's just concentrating on training with his new sax i bet. you others to. restore my work it's the most important thing right now regardless awards go on you you've got to work that's what brings you or war to the future. tiger woods is gearing up to his first golf tournament of twenty eleven the american word see off at torrey pines in california a tour in which he has won seven times twenty time was here to get to tiger woods the headlines were all about private life rather than the cubicle gold course right now with many as the former world number one failed to win a tournament last year the thirty five year old says he plays there with his preparations going into the season and he's been working on his swing and he's putting while he isn't hampered by any injuries it promises then to be a big here still we still four majors of jack nicklaus's record of eighteen however he's just glad to put its troubles behind the. obvious he was. consumed by other things in the last year and had to deal with and life goes on most of. us most excit

. ♪ >>> the singer, songwriter behind one of the world's most famous sax solos died.baker street," the scotsman later enjoyed a resurgence when his 1972 steelers' will hit "stuck in the middle with you" was used in "reservoir dogs." jerry rafferty died tuesday. he was 63 years old, following a long illness. >>> prosecutors say dr. conrad murray acted too slowly the day michael jackson died. jackson's mother, brother and sister listened to details of how dr. murray tried to revive the pop star. one witness testified that murray asked if anyone knew cpr. murray is charged with involuntary man slaughter in jackson's death in june of 2009. >>> police in st. louis are investigating an officer for a beating caught on tape on new year's day. >> oh, my god. that guy told the cop to shut up, oh, my god. >> the officer working as a security guard hit the man with his baton and used pepper spray before taking him or taking him off those handcuffs. the police department called the video disturbing and said all the details of what happened are not known. the officer has been place

and my sax are seeing a significant global losses. and rising oil prices are not pushing russian energy shares any higher oil and gas companies are still leading the drop on the my sex gas company you know the track is down close to one percent this hour and making shares are also in the red spare bank in d.c. b. are each falling over one percent and all cynical is also inching lower. brant crude has surged to a twenty eight month peak on worries of growing instability in egypt it's now close to one hundred dollars a barrel egypt's economy is relatively small but it's home to the suez canal and he shipping route for oil over the weekend a dusk to dawn curfew across the country brought on warnings of potential delays to shippers in the canal however so far traffic has continued unhindered despite the protests analysts say if the violence in egypt spreads to its oil producing neighbors could all prices will likely top one hundred dollars a barrel but rising prices will not guarantee growth for all russian oil sector stocks. because we a

russia not about the official statements you know but comments coming from the local media reporters saxe birth i was watching one of the channels here this morning at it again someone used the word chechen rebels rebels the word has been striking a nerve with the russians for so long president medvedev people brought this up once he said we're not talking about any rebels these people should be called nothing else but terrorists thoughts they are killing machines their sole goal is to kill people. i strongly condemn the senate rejects acts of terrorism against the russian people at the dome of yet of the airport i want to express the solidarity of the american people with the russian people in the aftermath of this premeditated attack against innocent civilians michelle and i offer our deepest condolences to the russian people who have suffered greatly at the hands of terrorism we share your sorrow in a resolve to stand with you in our common fight against those who used terrorism for their political goals and thoughts are with the families of the victims and we are praying for a success

and my sax and will be here as separate entities the government has a unification plan ready but as excited banco reports the shareholders still have cold feet. combining the my six with the artists would result in an exchange with more than the sum of their parts that's the view of the my six president has become enthusiastic cheerleader for was consolidation in russia over this. kind of working together with our partner from our yes having a joint or a change in achieving kind of giving the community together and moving that forward is a is a great and very important goal in my view infrastructure on very important and great for the market the ruble denominated my six was set up eighty years ago by russia central bank as a state company for trading currency it's now also owned by state banks v t v and the a b. in congress the dollars nominated r.t.s. is a private boys owned by both russian and foreign investors russian companies frequently trade on both bourses supporters of emergency the different strengths of each index would complement each other after years vanished by the. profession

two percent respectively this hours to a bank and really we are also in positive territory on the my sax while notice neko is trading in the red on the r.t.s. . it pool of russian investors could buy news outdoor russia's largest outdoor advertising agency for up to four hundred million dollars that's according to commerce paper russian media ventures and a handful of investors capital are the latest to show interest in the rupert murdoch owned ad agency which has been for sale since two thousand and seven previous it is word t p g fund and french group g c but they dropped interest after the agency's revenues slumped to fold in two pounds. the loan portfolio of russian banks expected to grow by twenty five percent in two thousand and eleven that's according to. its experts say the country's banking system outlook for this year is stable however the scope for further upgrades is limited to the weakness in the client base and corporate governance xander dannielle from fitch ratings says in two thousand and eleven russian banks will soon lower profitability due to a stronger competition th

those people would deny up and down to this day they complained about john kohl train playing his alto sax. he played so much that he had to turn to a minister who gave him the keys to the church so he could play to his hearts content. one of the unknown things about this migration or unrecognized things is that he-- a beautiful translation of the southern state and culture from which it derived. in other words, the migration from texas to louisiana, those people are very different. the culture is different. i had to learn to eat all kinds of food that i wasn't accustomed to because the food, the music and language and references were totally different. the first thing you would get is where are your people from and in los angeles my people were not from the stream that created the los angeles migration experience. my people were from georgia. it was not always easy to go out and interview people so it turns out that miles davis and polonius monkeys to fight over john coltrane, and it turns out that john kohl train always had a special feeling for polonius monk. their people were the same

what would have happened if he had never gotten an alto sax in philadelphia? hard to imagine. and the three of them often got together and created, i mean, these are the great legends of jazz. what would have happened without that? it's hard to fathom what would have happened. they carried with them the folkways, the language, the music and food of their southern roots and recreated these enclaves that i've described to you. working on this book, i interviewed people with collard greens growing this their backyards in oakland. oakland, california. [laughter] i mean, this is how far the transplantation occurred. i want to, i think, close with two things. one is what is it that they left? the enormity of the departure is hard to fathom on so many levels. it was spiritual, it was emotional, it was familial, it was gee photographical -- geographical. in every way it was a departure that took bravery. these were people who were leaving a place maybe to never see it again, maybe never being able to sit at the kitchen table and have a cup of coffee with your mother as you might have

. >>> facebook has raised half a billion dollars from gouldman saxes and a russian investigatement firmthat brings it to $50 billion. th exchange commission is looking into the booming trade. once the company hits 500 private shareholders it must disclose certain financial information to the public even if it hasn't filed for an ipo. >>> one major player will be missing apple does not do trade shows. nearly everyone else will be there trying to mimic the companies success with the ipads. >>> and five major tv manufactures have agreed to settle a complaint about their screen size. man sonic, lg will contribute $1.2 million to new computer. they must describe the viewable screen size by rounding to the nearest one tenth of an inch instead of the nearest whole number. >> i've got it. >>> time now 5:53. what is next with the surprise visitor at a bay area school the biggest question is how did it end up in a playground and is it strong enough to survive? >>> plus in the land down under desperation grows as more opportunities go under. can i eat heart healthy without giving up taste? a man c

. >>> facebook has raised half a billion from goldman sax.hat puts the value at $50 billion according to the new york times. the fcc is look into the booming trade in privately held shares of facebook. once a company has reached 500 private shareholders it must disclose certain financial information to the public. >>> let's check in on wall street. the dow jones up 114 points. i think a lot of investigators or traders are looking far reason to rally in the new year. good news overseas across asia, the european markets are up as well. in the next ten minutes we do get new information on manufacturing and construction spending. that could play a big role. >>> there was nothing new to draw movie goers to the theater. ben stiller and robert dinar row little fockers topped the box office. total weekend revenue were down 28%. >>> time gnaw 6:51. it will be hard to find lightbulbs you are used to now that the standard for lightbulbs have all changed. >>> san francisco group wants to make golden gate park a historic landmark. not everyone thinks that

. >> 6:06 and goldman sax making a huge investment in facebook. >> scott said the pile of money will spark big changes. >> bottom line, if you don't know someone who works at facebook, you soon will. they are going on a hiring tear. goldman sachs gave them a half billion investment in return for part of the company. that investment gives facebook a value of $50 billion. facebook is more valuable than starbucks, but with far fewer employees. if you thought it was big now, it's going to get bigger. it may buy the former sun microsystems campus. the old state hospital. that can happen soon. the website said this morning facebook will soon start hiring in its word, in multiples. >> bank of america holding its corporate breath this morning. it expecting to be the latest focus of wikileaks. b of a is pouring over documents looking for its own secret. earlier julian said he had evidence of corruption the a major u.s. bank. he didn't say which one. the suspicion is the leaked memos if there any and he didn't come from the area directly. if you are a bank of america customer, we have no reaso

although professing relief, henry reiterated how unfair spyware by his probe german stance, the sax familynever forgive him. henry and sam never spoke again nor did he or his sister louisa. this sachs's told everyone he withdrew from the world of finance and was living in disappointing retirement in germany which could have not been further from the truth. almost 100 years had passed when i tried to interview members of the sachs family for this book. some profess they didn'ts'en know they were related to the goldman's. others retreated to the nhdly adopted mantle of protestantism rejecting their roots in judaism along with their family tree. one great grand niece liwas lg n sutton place stood such ill will against henry thatabe kenh a scrapbookfirmll of newspkener clippings chronicling tidbits of his daily life frher the over-the-top wages he paid to domestics to the amount he paid for the god he gauld albert einstein on his 50th bibeen day. she also referred to a sighting of henry marching in a pro-german parad bit the beginning of world war i which he was unable to substadoiate he began

goldman sax is banning u.s. investors from taking part in a private offering for facebook.he investment bank says it's decided to restrict the fund to perspective shareholders in asia and europe. that's so it doesn't run into problems with s.e.c. laws about private placements. the sale of private shares is expected to raise as much as $1.5 billion. >>> time now 5:20. this morning san francisco's airport commission will debate some new ideas that could lead to cheaper international air fares. commissioners will talk about slashing operating fees for airlines that fly to and from mexico and canada. right now flights between the u.s. and our neighboring countries pay $1500 in fees. that's the same as any other foreign destination. lier rates could trigger more competition which could lead to cheaper fares and more passengers. >>> well, a rising creek in santa cruz county is threatening homes. the reason the homeowners are not being allowed to fix the problem. >> i can't even get my car in the driveway because there's trash literally in our driveway. >> the san francisco neighb

lloyd blankfein from gold man sax referred to it as a hurricane. in our view, based on the facts, that was result of human action, inaction, and misjudgment. i'll just give you a few. the federal reserve not clamping down on out-of-control lending. the decision to deregulate derivatives. the willingness to allow a $13 trillion shadow banking system with light regulation bigger than a traditional banking system to emerge. so we believe very strongly that both the captains of finance and the public stewards of our financial system let us down. >> woodruff: the ten of you spent months working on this, though, and now enough significant dissent. six o you in the majority, four in the minority, two different dissents. how much does that dissent undermine, do you think, the force of what you've done here? >> well, two things this. first of all i would hope the bulk of the report-- almost 500 pages-- are the facts of what occurred. and those facts, in my view, are indisputable. they're the facts of who what occurred in this country in the 1980s on and thr

tonight, here at city hall, a special kind of coverage is expected to be discussed and voted on providing sax change coverage for every employee right now in berkeley. >> those who need this kind of surgery, this is like someone who would need an expensive heart valve replacement or some other major medical surgery. >> reporter: we spoke by phone within the last hour with the city council who initially proposed this type of coverage back in 2007. he doesn't know of anyone who would take advantage of the coverage right now. city council members will decide on whether or not to set aside $ 20,000 a year per person for transgender reassignment surgeries. the monetary limit would be set at that limit every year and would be available on a f irst- come, first-served basis. the costs range from $7,000 to more than $50,000. kaiser and health net have both told the city insurance premiums for the entire staff would increase if this sex change coverage was added. sanfrancisco has provided the same type of coverage for its employees since 2001. the meeting here in berkeley tonight begins at 7:00. a vot

honor and sax's are associated this. it -- honor and this are assoated with it. humans are naturally concerned with taxes. -- status. your held as related to your status -- health is directly related to your status. you can do experimts were you move them around. showing strength is what it is all out. therefore, the problem is that societies, particularly the elite, feel they must appear to be strong. lbj, someone asked him why we were in vietnam. he told his biographer he had dreams of ople shouting at him, "weak, weakling, cal word." that is in part a natural phenomenon, but it is also a cultural one. culturally, the way to eliminate war is to disassociate our strength and war fighting. i do not know how to do that. democracy seems to promote people who care about war. a psychologist said that the one thing we all have in common is a desire to explore. capitalism and free markets and wealth create avenues in which you c satisfy this and a desire. -- innate desire. >> what does the rest of the panel have to say about that? >> i think that often at war is caused

sax in montgomery. i want to thank you, mr. wilkerson, for your interesting analysis. i read that there are more people in army bands than there are diplomats. and but my question for you is you talk about the lack of a constituency for the state department and the lack of a constituency for diplomacy. how can we change that? how would you see -- i thought your analysis was very profound and i don't know how we go about making that change. >> a good question, one we deal with in seminar because i ask my students how would you change it and i've had interesting responses to that. including i'm going to help change that and they go and -- i'd say probably a third of my students will take the foreign service exam. they will probably -- about 50% of that will go on to the oral exams and maybe 50% of that will get into the foreign service. others are going into other instrumentalities of the government not the least of which is the peace corps which doesn't get much want anymore but i get the most interesting e-mails from my students who have gone into the peace corps, el s

sax in montgomery. i want to thank you, mr. wilkerson, for your interesting analysis. i read that there are more people in army bands than there are diplomats. and but my question for you is you talk about the lack of a constituency for the state department and the lack of a constituency for diplomacy. how can we change that? how would you see -- i thought your analysis was very profound and i don't know how we go about making that change. >> a good question, one we deal with in seminar because i ask my students how would you change it and i've had interesting responses to that. including i'm going to help change that and they go and -- i'd say probably a third of my students will take the foreign service exam. they will probably -- about 50% of that will go on to the oral exams and maybe 50% of that will get into the foreign service. others are going into other instrumentalities of the government not the least of which is the peace corps which doesn't get much want anymore but i get the most interesting e-mails from my students who have gone into the peace corps, el s

sax in montgomery. i want to thank you, mr. wilkerson, for your interesting analysis. i read that there are more people in army bands than there are diplomats. and but my question for you is you talk about the lack of a constituency for the state department and the lack of a constituency for diplomacy. how can we change that? how would you see -- i thought your analysis was very profound and i don't know how we go about making that change. >> a good question, one we deal with in seminar because i ask my students how would you change it and i've had interesting responses to that. including i'm going to help change that and they go and -- i'd say probably a third of my students will take the foreign service exam. they will probably -- about 50% of that will go on to the oral exams and maybe 50% of that will get into the foreign service. others are going into other instrumentalities of the government not the least of which is the peace corps which doesn't get much want anymore but i get the most interesting e-mails from my students who have gone into the peace corps, el s

sax in montgomery. i want to thank you, mr. wilkerson, for your interesting analysis. i read that there are more people in army bands than there are diplomats. and but my question for you is you talk about the lack of a constituency for the state department and the lack of a constituency for diplomacy. how can we change that? how would you see -- i thought your analysis was very profound and i don't know how we go about making that change. >> a good question, one we deal with in seminar because i ask my students how would you change it and i've had interesting responses to that. including i'm going to help change that and they go and -- i'd say probably a third of my students will take the foreign service exam. they will probably -- about 50% of that will go on to the oral exams and maybe 50% of that will get into the foreign service. others are going into other instrumentalities of the government not the least of which is the peace corps which doesn't get much want anymore but i get the most interesting e-mails from my students who have gone into the peace corps, el s