joel stanley runs one of the largest marijuana grows in the state of colorado.t's a family owned operation. the five family brothers went into business in 2008 under the medical marijuana laws passed in the rocky mountains state. jesse stanley supervises the marijuana lab. >> lot of failures lots of successes but we started growing to help cancer patients. from cancer it turned into multiple sclerosis, it turned into diabetes. >> soon a lest known plant compound caught the brothers attention. cannabidiol. they decided to are breed a strain >> people call it the hippie disappointment. you could smoke it all day, and you wouldn't become high. but we still grew it. so much, that it hurt our other crops. >> it wasn't until the stanleys met charlotte fiji that they were convinced that it could help children. charlotte severs from gervais syndrome. charlotte just up to five at the time, was having up to 500 grand grand mal seizures in a month. >> joel says hey, there is a woman who wants to treat her daughter with cannabis. i said you're crazy. that's going to end up

morgan stanley earnings out. bank's headquarters to sit down with miss man, james gorman chairman and ceo. nice quarter from about every facet. we'll talk to him about that and expectations for the future when "squawk on the street" continues. continues. in today's market, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price, maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. without standard leather. you are feeling exhilarated with front-wheel drive. you are feeling powerful with a 4-cylinder engine. [ male announcer ] open your eyes... to the 6-cylinder, 8-speed lexus gs. with more standard horsepower than any of its german competitors. this is a wake-up cal

mike, you also agree with the bearish stance on morgan stanley?it looks like the sector is fairly week. morgan stanley is an interesting case. it's not overwhelm league expensive. trading at less than one time tangible book value. obviously, weak in the investment banking space compared to goldman sachs. that's not their only core business. they are really big in the asset management business. it's been more stable and benefited from rising asset prices. that said, i don't see a lot of growth for them in the immediate horizon. they're going to be reporting on the 17th. this is a name where, in fact, options are relatively cheap compared to how much the stock has been moving around, which is kind of interesting. so i'm going to look to put on a trade that will capture that earnings. specifically looking out to june. the 28, 25 put spread. spend about 90 cents to put on that trade. not risking a great deal of money. take a look at what the market is doing. it's easy to imagine this could move $1 one way or another between now and june expiration. >>

so back to morgan stanley chart. we broke trend today. earlier this week, they closed at $28.50, we would think this is headed towards $25. >> mike, you also agree with a bear stance on morgan stanley at this point? >> it looks like the sector is fairly week. morgan stanley is an interesting case. it's not like it's overwhelmingly expensive. it's trading at less than one times tangible book value right now. obviously, they're weakening in the investment banking space compared to goldman sachs. however, that's not their only core business. they are really big in the asset management business, which tends to be a little bit more stable and has really benefited from rising asset prices. you know, that said, i don't see a lot of growth for them in the immediate horizon. and what's also interesting, they're going to be reporting on the 17th. this is a nape where, in fact, options are relatively cheap compared to how much the stock has been moving around, which i think is kind of interesting. so i'm going to look to put on a trade that will cap

ge, morgan stanley moments ago. morgan stanley just out.every bank has told a different story. to think about banking and trading in the first 90 days of 2014. paul miller is with sbr capital markets, seven years on from the beginning of our financial crisis, the too big to fail banks are trying to figure out their collective futures, one of all, goodestions, morning to you. the road to speak with you as we await goldman sachs. -- paul, good morning to you. you as weo speak with await goldman sachs. >> i think the whole banking system has too many people but i think he will continue to seek layoffs, and with the bigger banks, all the mortgage operations given the fact that the spring buying season never occurred, that is one of the big areas i think you will see a lot of layoffs is in the mortgage banking area, but yes, i think measure withid not the call structures. >> there is an argument in national hockey over who is coach of the year. i would suggest ceo of the year in your world, maybe james gorman. what has james gorman done differen

the sharks open their bid for the stanley cup tonight. ktvu's robert handa is live at the shark tank. robert? >> we are in a familiar stot when the nhl playoffs -- spot when the nhl playoffs start. for the 10th straight year the sharks are in the running for the stanley cup. the party started outside. with fans decked out. all getting ready for the game against the los angeles kings. a change in the usual playoff systems. teams matched up by divisions. two rivals, but it will take an over all effort to dunk the kings. >> reporter: you feel good? >> yes. >> go sharks. all the way. >> reporter: this year the year? >> yes. >> we have home advantage. hopefully it will be great. should be pretty good. >> reporter: optimistic? >> very. every year. >> very deep this year. they got a good chance. >> you are optimistic? >> very. >> reporter: now, the sharks have the second longest active streak of making it to the playoffs. they are hoping tonight is the first step to their first stanley cup. robbered h -- robert handa, ktvu channel 2 news. >>> ne

given morgan has stanley and goldman sachs a pass. let's talk about google which came out with earnings last night after the close and they were bad. they missed on the bottom and top line. despite the fact that people are paying less for ads, let's introduce you to mark mahaney. what is your take on the earnings? >> you had a modest missed quarter on the top and bottom line. there was some one-time costs related to some recent deals. they announced the company called nest. google does a lot of acquisition so it's hard to say that -- what they do with them. you had some unusual cost items. overall fundamentals were largely intact. this is the 17th consecutive quarter of top line growth. the search business continues to roll along easily and steadily for google. ats around the business remain intact. >> doesn't mean this is a great time to step in and buy? >> i don't think it's necessarily a great time, it's a reasonable time to step in and buy. it is trading at 17 times next year's earnings estimates. it is cheaper than it has been in

morgan stanley, we think it's got more to go.rison purposes, take a look at the same chart of morgan stanley versus goldman sachs. goldman sachs we believe is leading the way. back to morgan stanley chart. we broke trend today, earlier this week. it closed at 28.50. we would think it's heading up. >> it's trading at less than one time standard book value. obviously they're weaker compared to goldman sachs. i don't sigh a lot of growth for them in the immediate horizon. options are relatively cheap compared to how much the stock has been moving around. i'm going to look to put on a trade that will caption that earning. i'm just going to put on the 28.25. you can spend about 90 cents to put on that trade. you're not risking a great deal of money. when you take a look at what the market's doing now, it's easy to imagine this thing could move. >> what happens to this trade? do you need to believe that the market will go lower? >> when you look at what this stock has done in the last two weeks alone it was almost going to make a 52-we

coming up, stanley banks has -- stanley bing has some interesting theories on improving yourself andsiness. ♪ >> all right, everyone. time to embrace your craziness. you may know by next guest, gil schwartz, a.k.a. stanley bing, known for his business humor. he is the vice president of corporate communications. the curriculum, everything that you need to know to be a master of the business arts. he breaks down how to harness a different persona and make it work for you in business. mr. bing joins us now. stanley bing, great to have you. >> pleasure to be here. >> what do you see as the number one quality that successful people consistently have in business? >> and approach to being strategic in the issues that face you. in this book i give a course of study that enables people to think strategically about the variety of real issues that people have to deal with. like looking stupid, for instance, which is you know, a danger at every level of your career. in some areas looking stupid is worse than being stupid. >> [laughter] you can look stupid, you just don't want to be stupid. >> th

goldman sachs and morgan stanley also reported earnings today.s of both companies soaring after they beat analyst estimates on top and bottom-line reports. it was by a wide margin for goldman. weighed in on surveillance. >> never count goldman sachs out. they know how to make money. >> you have the beautiful chapter where they are having an egg salad sandwich and some diner somewhere. are they still having egg salad sandwiches? >> they have their feet on the ground depending on where the markets are. for the first time in a long time, an interesting dynamic where morgan stanley has a different strategy. they are doing well. with these numbers, goldman sachs, who you would have thought in this writing environment would have a tough time, i'm not sure quite how they beat estimates, but they are beating them. this is a tough trade environment for them to figure out how to make money. legendary that is the staff that was decreased by one percent here. >> trading accounts for 60% of revenues at goldman sachs. you know these companies better than anybo

paul stanley estarÁ pronto en la casita de "despierta amÉrica".a calzones. los del burro. (risas) >>> con la colita. >>> pero mÁs alla del juego. paul sabe bien que lo que realmente estÁ por empacar son recuerdos amores y miedos. >>> desde luego, no son cosas materiales. es lo que llevo, es, llevo todo lo que me ha visto crecer, nacer, y el esfuerzo que me ha costado salir adelante, lo de mi papÁ ha sido difÍcil porque... uno intenta aceptarlo, no? vivir con ese miedo. llevarlo el dÍa a dia. y dices cuÁndo va a ser el momento que va a volver a pasar. >>> su madre le deseo suerte, para irse completo, lo acompaÑamos tambiÉn a pedirle la bendiciÓn a su papÁ. >>> pues vamos a visitar al stanley. >>> en este lugar de paz, la tragedia agolpaba de nuevo en el corazÓn de paul, adentro una frase decÍa, yo siempre cuidarÉ de ustedes, afuera un hijo ponÍa pÉtalos en la puerta que lo separa de su padre, y lo une para siempre al recuerdo. >>> traerle flores, el stanley estaba su... ahorita su mansiÓn muy triste por fuera. ya le dimos un poco de color. no me gu

--garet stanley is trying to morgan stanley time to sell part of its business to rosneft. >> administrationials especially treasury and commerce have been working and speaking with u.s. companies over the last couple of weeks leading into where the sanctions are. the bigger concern on the u.s. side from the administration officials has been where the european companies are on this. u.s. officials feel like u.s. companies are at least insulated enough the sanctions will not have a massive impact on their business. when it comes to european companies, they know this is problematic. the more expensive the sanctions cap, the more of a direct hit they get on their bottom line and that is the concern. >> have you heard more details about economic sanctions in certain areas of the economy? that seems to be the next big thing. the threshold that administration officials has been agreed upon internationally is if troops massed at the border of eastern ukraine, the 40,000 russian soldiers that are they're doing exercises cross that border on the winds of become a legitimate military invasion as oppos

. >> the stanley cup. ♪ [ cheers and applause ] >> seth: the stanley cup?s and applause ] i mean, that is -- that's the missing element. >> absolutely. i think -- i think it will look good right there. >> seth: oh my goodness. >> what do you think? what do you think? >> seth: that is so great. that -- well, this isn't perfect. [ laughter ] >> there it is. lord -- >> seth: i feel -- i feel like it'll be a little unnatural. [ laughter ] but i really -- i really like it. um -- how long do i get to keep it? >> actually, they need it back right now. >> seth: oh. ♪ [ cheers and applause ] that does not -- that does not count as a house-warming gift. >> uh -- probably not. >> seth: yeah. >> so forget about the thank you note. >> seth: okay. i'll give you the thank you note, but i'll take it away as soon as you read it. [ laughter ] >> you notice -- backstage, the stanley cup has two minders. >> seth: yeah. >> they each have to wear gloves like they're marcel marceau. plus, the stanley cup has its own publicist. >> seth: it's really exciting. >> yeah. >> seth: the

likewise, there will be a story coming out of morgan stanley. james gorman is embarking on a fairly radical transformation of morgan stanley from a firm that was like goldman sachs pre-2008 to a firm much more based on dispensing advice both on brokerage level to retail customers and to investment banking clients on a broader capital markets level. is that, is that model working? we're going to see that affirmation of both of those models i think in a couple weeks. melissa: yeah. >> i think consensus is, and dick can check me on this, goldman sachs will not make as much money. we're going to see cracks in their business model. you never know. goldman sachs pulls one out of their hat every now and then. make this is it. morgan stanley model will be interesting to see where they come out on that. those are the two things i'm looking for, which model of an investment bank going forward, take the bank banks out, it will be a battle between more gag and goldman. melissa: dick, before we run out of time you make a point that the trading business is to

whoosh and stanley roberts helps the chp find people behaving badly on san francisco's van ness avenue. sot this is a full hour of your choice for prime time news. (male announcer): this is the bay area news station, kron 4 news starts now. >> pam: now at 8-- >> pam: millions of dollars, that's what san francisco city officials say will be generated on an annual basis. if a warriors arena is built in mission bay. >> pam: tonight kron 4's dan kerman takes a look at how that will be generated >> reporter:when katy perry says hello to oakland >> reporter:or lady gaga tells san jose about her bad romance? it?s a reminder of what san francisco is missing out on. >> reporter:san francisco travel association president joe delassandro says that will change if the warriors build an 18-thousand seat arena at 3rd and 16th streets >> reporter:and those taxes add up? >> attracting special events, meetings and all sorts of things creating jobs and creating taxes. >> reporter: whatever the event may be? basketball, timberlake, or a political convention, every hot dog eaten, every beer that?s bought,

erlichman with marvel comics creator, stanley. that is social, mobile and crown -- a crowd funded. we're are looking at so innovative wine tech next on bloomberg west. ♪ >> welcome back, i'm emily chang in this is "the best of bloomberg west." how can technology bring good wine to all? makinga-based startup is it accessible by crowd funding independent winemakers. naked wine sold 10 million bottles of wine last year. corey and i spoke with naked wines founder and ceo rowan gormley about how his business is uncorking online wine retailer. take a listen. >> we are crowd funding winemakers. right now, the crazy thing is that americans pay up to twice as much for the wine as europeans do. the winemakers are getting a tough deal. is really tougher winemakers to make money. >> i was further winemaking is a hobby for rich people. >> there is the joke that making a small fortune is starting with a large one. up tor members that they -- is there a particular winery or is there anything specific? put up about $80 million a year, which we in

morgan stanley's price target goes to $33 a share. we are effectively there. it's 33.79. the stock is already down about 18% year to date. let's move to hershey. goldman sachs cutting the chocolate company to a sell. the firm says international momentum will continue, but u.s. momentum is fading due to competition. the stock is also on a downward trend, off 6%, off 2.6% in today's trading session. sara eisen covers the consumers, phil the autos. your thoughts on the morgan stanley move, effectively they were very, very late on this if you're going to cut, we're effectively at the $33 price target. some people say, what's new here? >> right. >> we've known the auto industry is moving into a period where perhaps we're at peak sales, close to it here in the united states. the tech disruption factor is one that's been out there for a while, so do you look at general motors as adam jonas does and say, i don't think these guys are in a position to go anywhere, or do you look at general motors and say right around 33, $34, eventually they get past the recall crisis, the auto ind

kiss's paul stanley joins us ahead. >>> and hold the bacon. pork prices are pop. >>> that plus three other grocery aisle shockers. >>> and the marx are on fire on back of the fed minutes. some of the old school names are also. look at that. steel allegheny tech, alcoa. and u.s. steel up 3% as well. old is new. we are back after this. relocating manufacturing to upstate new york?why iy i tell people it's for the climate. the conditions in new york state are great for business. new york is ranked #2 in the nation for new private sector job creation. and now it's even better because they've introduced startup new york - dozens of tax-free zones where businesses pay no taxes for ten years. you'll get a warm welcome in the new new york. see if your business qualifies at startupny.com gunderman group is growing. getting in a groove. growth is gratifying. goal is to grow. gotta get greater growth. growth? growth. i just talked to ups. they've got a lot of great ideas. like smart pick ups. they'll only show up when you print a label and it's automatic

morgan stanley is one of the biggest players in this space.et's bo go to mary thompson wi more. >> hey there, melissa. perfect day to have our guest, colm kelleher for morgan stanley. as melissa said in the intro, we are at $1 trillion already for global mna this year. think it continues or are we going to see it peter out as in the past couple years? >> i think it will continue. remember, m&a volumes on the whole came down and are recovering. confidence in ceos is recovering. within that trillion dollars you're seeing a mismatch in terms of america being very dominant in terms of activity and activity slowly following elsewhere. so we feel very good about m&a in the pipelines. >> what is making ceos more confident right now? >> i think the economy in the u.s. is clearly recovering. the economy in asia is recovering depending on your point of view. and in europe, there is some recovery from very low levels so i think generally that's underscoring it. >> do you see european activity picking up? report that ge may make a purchase over there. are

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and -- morgan stanley and goldman sachs.oldman sachs, as you know, had a business that was very much correlated with fixed income trading and derivatives and things of that nature, and we'll see what happens in the next couple days. those two stocks, everybody's going to be watching. and if goldman sachs you see some real weakness in trading operations, there's going to be cuts there and at morgan stanley can a across the board. citigroup had some issues in 4x. this is an area where if wall street does not do very well over the next year, and, you know, dick bove was on earlier questioning wall street earnings, there's definitely going to be cuts there. liz: okay. so this your lower third part of the screen, in the right part, you can see that we are cycling through all the major indices and their lows of the session. you can see where the flashing dot is. that, of course, we're now off the lows of the session, but we did break through some serious support levels. let's get to mark newton at gray wolf on the floor of the new

and paul stanley has a new book out. we will talk about his child hood, missing right ear to the reason why he is furious with the rock hall. live interview. don't miss it. my name is jenny, and i quit smoking with chantix. before chantix, i tried to quit probably about five times. it was different than the other times i tried to quit. [ male announcer ] along with support, chantix varenicline is proven to help people quit smoking. it's a non-nicotine pill. chantix reduced my urge to smoke. that helped me quit smoking. [ male announcer ] some people had changes in behavior, thinking, or mood, hostility, agitation, depressed mood, and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these, stop chantix, and call your doctor right away. tell your doctor about any history of mental-health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin reaction to it. if you develop these, stop chantix and see your doctor right away, a

a live update from arkansas whoosh and kron four's stanley roberts heads to hayward amd takes us on a tour de trash/ >> reporter:this is a full hour of your choice for prime time news. (male announcer): this is the bay area news station, kron 4 news starts now. >>".with black people." >> pam: now at 8-- >> pam: shockwaves rocking the n-b-a and beyond tonight. after racist comments surface. attributed to clippers owner donald sterling. golden state warriors coach mark jackson calling for fans to boycott tomorrow night's game against the clippers in l-a.. >> pam: and n-b-a officials say, they will have an announcement surrounding the controversy. our team coverage tonight begins with kron 4's grant lodes. grant? >> reporter: controversy stayed out of sight today. donald sterling's critics were out in force. and some of the clippers's corporate sponsors could't distance themselves fast enough. >> reporter:those virgin america seat covers, gone from clipper games. they were pullied after these comments appeared on tmz over the weekend >>"it bothers me a lot that you want to broadcast that

bob talking about financials, you sold out of morgan stanley on your playbook? nothing to do with morgan stanley, just want to move to more cash exposure. >> financials, you keep touting. >> yep. certainly love them. there are certainly names more specifically talking about jpmorgan more recently. >> you're not worried about this contagious thing from the nasdaq spreading, can it be contained in areas like the financials? >> i'm less worried about that. worried, yes. less worried. the reason i say that because how about the fact we have been grinding in this range a while. we're wringing our hands. friday vix was pushing 18 and we have moved up above it and moved below. look right now, we have been in this range for months now. we're on the lower end. seems to me it's time to start putting the shopping list together and looking once again. >> our next guest thinks the turmoil is not the start of something bigger. paul is live on the set. good to see you. >> good to be here. >> why isn't this something more ominous. >> it's a correction here. s&p closed attal all

i think it's a good year to do what morgan stanley is saying, look at low value areas. if you're value conscious, you're probably not immune to volatility and probably weather doubt f dou doubt -- probably much better. >> and microsoft is having their stock downgraded. while people are looking at value, microsoft is at a 14 year high. we know what the stock has done as have many old tech names and they say it's overdone, time to go. >> it's the dan draper market, judge. why we open with vanilla fudge. >> is it dan draper or john draper? >> thanks for correcting me. i don't work in advertising. what we've got going on here, judge, is the market is hanging in here, exactly like vanilla fudge sang as they came in. i don't mean vanilla ice, joe, i mean vanilla fudge. i like the market here. the fact goldman is telling people a little late to get out of high momentum low value names, i think that's late as the two previous gentlemen said. i found a lot of value here. even the stock, general motors last friday, when they hit the skids, that was a new opportunity and a lot mor

. >>> the san jose sharks begin their run to the stanley cup.ve been getting ready for the game all day. >>> sharks all the way. >> this year the year? >> yes. >> we have home advantage so hopefully it'll be great. we have -- should be pretty good. >>> the sharks have the league second longest streak of making into the playoffs. they hope this is the year they win the first stanley cup. >>> have hasn't been much improvement in food safety. one positive indication was the drop of sal -- cases. there was also a spike in informations from raw oysters. john kerry announced an agreement. it was a first step to avoid an implosion. it calls on all sides to stop the violence and for illegally armed groups to be disarmed. it was rush is a and the european union. it doesn't set out options for the future. >>> a surprise announcement. chelsea and her husband are expecting their first child. hillly appeared with her. it was about empowering young women. she's really excited about becoming a grandmother. >>> pandora is being sued. the internet radio service

in oakland, stanley roberts, kron 4. >> if you have a comment or story idea for stanley e-mail us. >>a robbery suspect trying to make a clean get away. now facing assault charges against a police officer. we take a look at what happened. >>> millions of gallons drained from a reservoir after a teen urinates into the water. >>> and the forecast coming up. >>> the body of a fisherman thrown overboard in a marina has been covered. he fell into the water after his boat hit something in the marina. the dive team found his body. the driver of the boat said they were the only ones in the boat, they were taking part in a tournament. >>> the avalanche on mt everest that claimed the lives of 13 almost took the life of a man from california. john rider climbed part of the mountain when the avalanche happened. his guide shoved him aside before it took him. it was some time that he before he could send word to his wife. >>> and a vehicle careened into a shelter at the mission around 9:30 and the driver of the car and a person at the stop sustained injuries. and police are investigating the cause o

that will be everything you buy at a lowe's sherman williams, stanley, black & decker, all those stocks are to the up side. another sector that was strong, furnishings, including furniture, that was up 1%, so hafer, ethan allen, bassett furniture, all of them to the up side. tiaa-cref, this is a big asset management play, so we're talking about long-term value. they typically charge 1d%, that's billions of dollars that add up over many, many years, money in the bank, you see t. rowe price, legg mason, blackrock, that's i-shares, so that's probably the number one asset manager in the united states followed by vanguard. there's janus capital. >>> private equity not quite the same thing, but most of those, with the exception of icon, also moving to the up side. long-term money, that 1% every year from the asset managers, it adds up over time. increase the assets under management. that's the game. >> thank you, bob. we're up 147 points on the dow at the moment. let's get a market flash. >> check on the life sciences, the number one gainer. this after it won a preliminary injunction limiting

up next, morgan stanley and goldman sachs. views happy to say, dick bove, vice president of equity research at rafferty capital, on the phone from florida. dick, thanks for joining us. you've been banging the drum for bank of america. you disappointed with what we've got. has it changed your view? >> basically if you take the litigation cost, which was 47 cents a share out of yesterday's report, the company reported 35 cents in operating earnings. i was estimating 32 cents. i wasn't disappointed by what they reported. what was disappointing was the nature of the report. in other words, like citigroup and jpmorgan, and i guess the biggest surprise to far in this bank reporting season, trading was extraordinarily strong, as they say, for bank of america, jpmorgan and citigroup. that was completely not expected. that suggests that both goldman sachs and morgan stanley may be able to beat the estimates that are out there for them when they report in a couple of hours. >> where does that put them in line with what we've placed in t

>> it's july 2007, and veteran cinematographer stanley bridges is shooting a music video. ntl doesn't have a lot of money for the production, so the plan is to make it up as they go along. >> we'll figure it out. yeah, that's pretty much all i wanted is guerrilla style music videos. >> if there are any rules to guerrilla style music videos, the first one is never turn down the opportunity for a free motorcycle stunt shot. >> a guy comes up to the director, anthony, and he says, hey, what's going on, man? what y'all doing? and anthony says, we're shooting a video. and he's like, hey, man, can i be in it? well, sure, man. hey, can you do a wheelie for us, man? that would be great. yeah, okay, i can do a wheelie. >> stanley readies himself for action. >> we're shooting this shot right now. >> and the guy tries to do it and barely gets off the ground. >> that wasn't no wheelie. that was a bunny hop. >> okay. let's do it again because that wasn't really a wheelie. he does it a third time. >> all right, here he comes. we rolling. >> the third time really is the charm. he gets it

they never made it to the stanley cup finals. media picks on that a little bit. one of the sharks today responds to joe fonzi's question about what are you going to do differently this year. >> shove it up your [ bleep ] [ laughter ] >> we are here to win the stanley cup. we worked hard all year to, you know, get to this point. to get an opportunity. only way to shut you up and that whole thing is to win it. same thing since i got here. >> i think most people in the media would like to shut up about that. >> the wnba draft and great news for the cardinal and their star player, the number one pick, just about an hour ago, she was the top reboundser and scorer all time in the pac 12. and it the number one pick from the connecticut sun in 2012. her sister was also the number one pick. quite a basketball family there and congratulations to her as the top pick in the graft. not so good -- draft. not so good news for the golden state warriors. bogut went down and x-rays revealing today he sustained a broken rib and he will be out indefinitely. that jeopardizes the warr

jp morgan, morgan stanley -- morgan stanley did a total transformation last year. on -- all the time. >> these are complex institutions. >> no doubt. >> these would be easier targets for activism if regulators had not allowed these banks to combine and become as large as they are? -- each one ofk those banks that i mentioned has its own model and it holds together today very well. it did not hold together well five years ago. people are moving out of things that don't make sense. we are looking at returns in every single segment of the business. i can assure you. and it is paying off. you can see the disparity now. >> to some degree they are too big for activists. so, when you get to the largest sized bank, two dollar trillion in active -- and assets? >> it is not just getting your head around it. it is economies of clout with banks that size. >> much you want americans to be able to compete on that scale. you want people in apple who can complete -- compete on a global scale. this is a dominant field. you want to be able to serve customers around the globe, not ju

. >> next, a quest for the stanley cup begins and shark fans can get if a frenzy before the puck drops. >> a beautiful view as the sun tries in the east and well look at the weather forecast here and the traffic situation as the morning news continues. um...hi georgia. i just wanted to apologize again for what happenedoww, that's hot.picnic. that is hot! wow daddy like. owww, that is smoking hot! ahhh, hmmm, awww! hi georgia. hey georgia. man this is hot! try jack's hottest sandwich yet. his new blazin' chicken sandwich has spicy crispy chicken, ghost pepper ranch sauce, and sliced jalapeños. owww, that's hot! you better be holdin' a sandwich. >>> ed latest in the search for malaysia airlines flight 370 a small set back. officials say the test on an oil slick confirm it was not aircraft engine fuel. crews have been searching the we indian ocean and today could be the final day for lanes to conduct surface searchers as they move underwater. pings sounds were detected more than a week ago. >>> the head lands are holding back the fog and we have clear skies and thing for will be at the co

the stanley cup play-off action., we are outside at&t park, where the san francisco giants are playing host up against the dreaded dodgers in game 3 of this series. let me set the stage for you just last night. first off, take a look at this little guy. he was all bundled up for the elements last night. it was chilly. we had vogelsong on the mound for the good guys and he put on a performance until he nailed hanley ramirez right there. hanley has a temper. he didn't like that too much. he exited the game and so did vogelsong. and he left the game actually with a no decision. at the bottom of the inning you have the panda singles in a run. giants up are 2-1 at that particular time. then we have my guy sergio romo who takes to the mound in the ninth and strikes them out. that is a 1-2-3 inning. and the giants beat l.a. 2-1. now, this is what the great karnow is forecasting for today's baseball action at 12:45. 68 degrees, lots of sunshine. grab the sunblock. and make sure you grab one of these as lawrence was alluding

in the last 12 months, morgan stanley's up 36%.make, but i think the market is giving them credit for that. but hoping for 20%, i wouldn't do it. the better bang for the buck is goldman sachs, and the key -- >> even with the exit -- >> even with the exit, because they want to stay away from anything negative in the press, and that could, we all admit, could blow up here. >> and that's why 12 bucks was shaved out of the stock? >> yeah, it could. but it comes down more. the investment bank something what will be the key for goldman/sachs. that's the differentiator. that's why i'd own them. >> retail drivers, as well, because with citi and goldman together, they get a significant driver from that. >> yeah. yeah? >> scary? >> really? i'll tell him. thanks, bye. the dinner you were invited to with kaminski, it's off. >> i'm going to send my invitation to murph. you can no longer compare these two. they're apples and oranges. if you want to bet on the retail investor, the wealth management platform, that's morgan stanley, doing a good jo

. >>> that is a "do or die" situation as they head into game seven of the stanley cup hoping to advanceto the next round against the southern california rival. matt keller joins us. matt? >>> 9 morning skate just finished and the players are in the locker room, ready for game seven and as we found out, so are the fans. >>> sharks fans are hungry for game seven tonight, with teel taking over for the business with one thing on their minds and shirts is "beat los angeles." >> i am wearing teal, so i know it will work. >> what is the best-case-scenario? >> for me early blow out. i am so nervous... >>> the sharks have been making fans nervous, taking part in the morning skate hoping the home ice advantage can bring them another win. san jose jumped tout 3-30 lead in the first round of the stanley cup but the kings want a name for themselves becoming just the 4th team ever in nhl history to come back from 3-0 deficit and win. fans will make the center loud and unpleasant place for the visitors. >> when did you get your tickets? >> year at 10:00 a.m.. >> san jose loves its hockey and even the

kings and the first game of the stanley cup playoffs. << it be l.a. that is the chance that stands inside the arena behind me they want is a victory badly. winning the first night game will set the entire series. so far the sharks the door that that jumped out one to another than they scored a goal early on in the first. . i think it's pretty big its revenge from last year is the king's we get the kings. << turn, closed captioned via a room a cover for friday to form here's of them late this will ship appears as the horned politics below whole day her female announcer: get three years interest-free financing on brand name mattress sets. plus, get free delivery, and sleep train's 100-day low price guarantee. sleep train's interest free for 3 event is on now. ♪ your ticket to a better night's sleep ♪ is caught nearby france that had the future it has really " features on their their some of ohrid the aspect to it as well there is some stocking with different as if piracy thing to consider. this new feature is for facebook mobile apps that it only of wal

but today we welcome stanley bing. this book was hilarious.to conduct ones self in business. or is it? because some of the advice was so right on. i love starting with the stupid stuff. because you said being stupid is an impediment to success. >> yes. >> stupid comments. i won't be available all weekend, call me monday. my voicemail is full. or number three, who's bleeping idea was that. stupid happens allot in the business world. >> everybody does stupid things. and i think the important thing is to not appear stupid. it's actually more important to not appear stupid than it is to not be stupid. because many stupid people get ahead but not if they look stupid. so i think that's why it's -- >> smart people can look stupid and not get ahead. >> well, absolutely. or be punished for stupidity that's just apparent and not real. so, you know i think it's a good idea to open the book with a chapter on that as opposed to going straight to things like finance and marketing. >> yeah. >> because if you appear stupid you may ruin your chances, even if y

. >>> morgan stanley's first quarter earnings surged. the investment firm's profits and revenues came in better than expected. it also posted higher revenue in each of its major businesses including priced fixed results, morgan stanley doubled their dividends to 10 cents per share. >>> well, it was just the opposite story for dupont. the chemical-maker saw its agricultural sales suffer and its operating costs rise because of the harsh winter weather. quarterly earnings matched estimates but revenue came in below analyst estimates. dupont said the rough weather shaved seven cents a share off the quarter profits, shares fell to six dollars, 98. >>> and barbie reporting it had to mark down inventory left over from a slow season. shares down to $37.47. >>> pepsico posted earnings as they sold more around the world. with frito lay chips. shares climbed to $85.55, meanwhile, shares of barnett -- barnes & noble, the sale part of his long-term financial and estate planning that he has no plans to sell more stock this year. shares plunged 12% to

morgan stanley killed it.y run we have seen in quite some time. a lot of volatility. not just earnings driving things right now. you had comments by fed chair yellen. that's one of the reasons the major markets yesterday enjoyed a really strong rally. phil orlando, chief equity market strategist at federated. great to see you this morning. >> thanks for having me back. >> what do you think is driving the market? >> well, certainly the yellen lunch was a good lunch yesterday. i was there with 2,000 of my closest friends. i think she made two important points. number one, she didn't repeat the rookie mistake she made last month at her first press conference. no six-month discussion. she was greenspan-esque. i think she went out of her way to talk about the no preset course, the data depend epbt course. >> there seemed to be a fed put very much in play yesterday. as joe pointed out the last hour, does it have anything it can do to back up that tough talk? >> at this point, i don't think so. there was one very int

he talked with paul stanley.to advance to the final gape. the fight irish beat maryland to set up a showdown. it will be the first time two undefeated teams have ever played each other for a championship in ncaa basketball history. and, osks uconn plays kentucky tonight in the men's title game right here on cbs. >> hash tag, great game. >>> last night mickey rooney died. he was famously married eight times. in 1989 rooney talked about his life on cbs news' "night watch." >> i always think of mickey rooney as a third person and i think that's very healthy. i think it's a good catharsis. >> minnie rooney has been -- is far from perfect. he's made mistakes. they were enormous mistakes. he was married too young. however, a lot of people asked mickey rooney would i do anything different if i had to do it over again and i said yes. >> what would you do? >> i'd wear a tie. >> rooney won two special academy awards and an em ymy during his career. i like how he went out of third person. >>> and the "washington post" says

we now know who they will face in the first round of the stanley cup playoffs. >>> cup next, it's "30 rock," followed by "access hollywood" live, and then watch "days of our lives" here on nbc bay area. >>> i'll tell you, jv, they muted it after a certain second, so i didn't hear your question, but i'm sure it was interesting. after nine straight years of playoff disappointment, the san jose sharks will begin yet another quest for its first-ever stanley cup. we know now the sharks will battle the l.a. kings in the first round of playoffs. this after the ducks beat the sharks in anaheim last night to clinch the division. the first two playoff games will be at the tank, but we won't know the dates or times until early next week after the regular season officially wraps up. >>> the giants, meanwhile, will take the rubber mats tonight a @ at&t park against the diamondbacks. last night, tim lincecum got hit right off the bat. this is goldschmidt's seventh career homer off lincecum alone. the diamondbacks never looked back, topping the g-men 7-3. vog vog >> meantime, the a's wrapping up a t

paul stanley of kiss. he joins us now from los angeles.ve you with us here on bloomberg. you talk about the cover of the book first, "face the music" that's what you've done by revealing so much of what you went through. start us off with how you wrote the book. >> for years i was totally against the idea of writing an auto biography because they tend to be boasting about achievements or claimed achievements that mean very little in the scheme of things. i wrote the book because i wanted my children to understand what i had gone through and also perhaps inspire other people. i was born deaf in one ear, i was born without a right ear. i had quite a bit of dysfunctionality in my household growing up and was ridiculed, taunted and had quite a hard time coming up in the ranks. i wanted to become successful because i thought that that was the antidote, that that would take care of everything. when i was lucky enough to become successful, i saw that i was still miserable, had the same doubts i'd always had and at that point i was faced with, wha

. >>> still ahead, we'll tell you who the sharks will face off against in the first round of the stanley cup playoffs. >>> the tip of the hat to kaden from the peninsula. a smooth flow of traffic and not a major concern. low clouds and fog peeking around the bay, especially along the coast. we'll talk about your east bay commute, though, coming up. it's never been easier to find a dentist. watch. dentist. [ popping ] now you have to figure out which one takes your insurance... [ sighs ] okay. now, a dentist you trust and feel comfortable going to. hrmm. i know. at 1-800-dentist, we've helped over 8 million people find that right dentist, and we can do the same for you. [ chuckles ] so don't put it off. call 1-800-dentist today. ♪ >>> well, after nine, yeah, nine straight years of playoff disappointment, the san jose sharks will begin another quest for its first ever stanley cup. we now know the sharks will battle the l.a. kings in the first round of playoffs, this after the ducks beat the sharks in anaheim to clinch the division. the first two playoff games will be at the tank, but we wo