at the moment morgan stanley trades at 12.5 times earnings and the tangible value.company gets closer to the return on goals and inproofs capital which is already quite strong, i can see the stock trading up to 14 or 15 times earnings and multiply that power down the road and that's how you get to the $45 price target. makes sense. here is the bottom line. all the banks got slammed this week but morgan stanley got hit hard in the data breach the company announced on monday. as we've seen with target and home depot, the pull backs created are an opportunity to buy, not sell as both stocks quickly came back and you know what? i think morgan stanley will be no different. "mad money" is back after a the break. she inspires you. no question about that. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently

a lot more annuity like revenues at morgan stanley. of course fixed income trading down for morgan stanley and the industry by over one third just in the third quarter to the fourth quarter. you can never fully get your arms around that. i think it's a lot more contained compared to where it was in the past, and the balance sheets are a lot more resilient. this is not precrisis when we were worried about credit quality and lack of capital. a little bit more of a protection if things don't go your way. you know what, i'll take morgan stanley missing on revenues any day of the week as opposed to one big credit blowup or big hole in their balance sheet. >> you know, goldman sachs adds bank of america to its conviction buy list today. you a sell still on that stock, correct? >> absolutely. >> why are they getting it wrong? >> well, first, i would say, we would rather own morgan stanley. we like merrill lynch, that part of bank of america is great but if you want a merrill lynch proxy own morgan stanley and you don't get the rest of the bur

morgan stanley shares off 3%.as going to say, for the backdrop as it to why the stakes are high, you have morgan stanley against, for example, merrill lynch in the effort to be the wealth management unit of the future. now perhaps it's not a zero sum game but there's a reason why something like this becomes a reputational risk when that moment that piece of the business is frankly for a lot of people the future. >> such a land grab for advisors. a lot of the advisory shops are franchises that are associated with morgan stanley, smith barney or wells fargo, trying to gross its advisory unit as well as merrill lynch. as they are fighting with people making resolutions to get their financial house in order this could potentially have a reputational impact on morgan stanley, though we should note it does sound like it was a lower-level employee but the fact that a lower-level employee would have access to that information is a sensitive issue. >> cyber security thing into the new year is such a massive issue. we were'

new details of a morgan stanley broker, who did just. that ripping off details of 350,000 clients posting it online an inside job. meet the new congress. republicans take control of both chambers on capitol hill for the first time in almost a decade. >> as speaker all i ask and frankly expect, that we disagree without being disagreeable. >> we look what the new congress wants to do first and what happens to the obama agenda. >>> petco and petsmart, stop selling pet treat made in china. the treats could make your pet sick and or even kill it. makes you wonder about all the chinese food about super market shelves for us. we'll ask tough questions. >>> we're live at the consumer electronics expo in las vegas with a preview of all latest high-tech gadgets. panasonic is showing off the tv of the future. what makes it so special? we're going to find out. how much does your boss know about you? we're digging into background checks becoming more and more intrusive. it is all ahead on "the willis report" where consumers are our business. gerri: w

many gross does trades, he does those through morgan stanley, morgan stanley gets a commission x somegoes to the brokers he works with at morgan stanley. do you see what i'm saying? cheryl: it's almost -- >> it's called double dipping. >> you president me on the back -- you pat me on the back -- >> it's called a conflict of interest. are the brokers telling their clients, listen, we think bill gross is the best, therefore, move your money to janus, or is there an undisclosed conflictover interest where they're -- conflict of interest in we get commission dollars from mr. gross and from janus in addition to them being the best? now, that is the issue. we don't know if they're disclosing that. i will tell you this, if they were disclosing that, i would put a morgan stanley spokeswoman or spokesman would tell us. they are not telling us whether they are making that disclosure to their clients when they're advocating moving their money. and that, to me, could be a huge problem. i don't know if that's illegal. i kind of think it might be, might be a gray area. cheryl: doesn't rook good, pu

it is sort of the same thing we have seen with morgan stanley? fixed income trading has been a thorn in their side? >> and this quarter was no exception. it was a bit of a messy quarter. once you adjust things, they came in at about $599 million which is below every analyst estimate we saw. that's the story on wall street this quarter. fixed income trading is not in good shape. >> worthy analyst too optimistic? >> yes, by as much as $50 million-hundreds of millions of dollars. >> what factored into that? >> across wall street, the credit is miss in the fourth quarter did not do well. morgan stanley has some strength there. it did not do well for them in the fourth quarter. they did get an offset. what they call their macro business, rates and currencies did do better in the fourth order so that helped the numbers. it hurt credit. >> what other parts -- what stuck out to you? >> for the first time this year they decided to value their derivatives differently. that changed their bond trading and move their revenues around a little bit. revenues cam

it requires persistence, patience and luck. >> this is josh stanley and his five brothers.hey're a handsome, well-educated tight nit group, all working together to make millions in colorado's cannabis madness. how have things changed here? >> you're looking at a new crop. this is a never-ending cycle. >> the stanleys sell many different kinds of medical marijuana. high thc strains tend to be the money makers, but they're now famous for growing a less profitable plant called charlotte's web. it's low this thc but high in cbd, cannabidiol. remember that name. it's the key chemical doctors are using to treat everything, from chronic pain to lupus, to crohn's disease and epilepsy. so 80% of this farm is now a high cbd, low thc. i mean, this is the exact opposite of what people think of when they think of marijuana. >> this won't get you high. >> you can set the whole hippie population of colorado loose on this plant and you're just going to be looking at a bunch of disappointing hippies. >> the stanleys are not concerned ant disappointing hippies. they've seen this plant change

morgan stanley believes this is a very serious breach.y believe something illegal happened here. they referred everything to the fbi and to various regulatory authorities. the gentleman in question, this broker has not been arrested yet. he apparently is cooperating. but the real question is: is your stuff -- your name -- >> can i trust my broker, my firm, my info -- charlie: no, you can't. i hate to raise this with everybody. raise the alarm bells. the obvious answer is: no. you're not totally safe. >> but what about changing your password all the time? charlie: no. no. they have it. they can do stuff like this. on the positive side, morgan stanley found this themselves. they found it without a major breach, where the stuff this guy put in this file sharing service was not the sort of information that could lead you to hack into someone's account and steal their money. the negative side, they clearly got some stuff. >> did morgan stanley alert those clients? charlie: yes. >> that's positive also. charlie: what i'm saying. nothing happene

and they just don't care whats going on at all >>stanley roberts:she is referring to cyclist on this mill valley bicycle trail where now due to construction the speed limit has been reduce to 5 mph >>:so these bikes come through here pretty fast oh it depends upon the person you know just like with anything some people go fast and some people go the correct speed i have no idea >>stanley roberts:i asked the rider how would he know if he was going 5 >>:unless you have an odometer you never know but its pretty darn slow >>stanley roberts:so i asked him to show me what he thinks is 5 miles per hour >>:probably something like this pretty casual >>stanley roberts:actually a person walking at a normal pace is 3 mph i learned that while using a lidar to gage speeds so 5 miles per hour is someone power walking this whole area is under construction because so that changes can be made since a kid what hit by a speeding bicyclist a while back the kid suffered some major injuries including a skull fracture the old paths are going to be a thing of the past in hopes that it will make it safer for

and with stanley nelson, the film's award-winning director. nelson has made several films about the civil rights movement, including "freedom rides" and "freedom summer," and i began by asking him why he was now drawn to make a film about the black panther party. >> there is no one reason. one of the reasons was, of a 15-year-old kid in 1966, i was enamored of the panthers. i am 16 and new york, all of a sudden, here these people with leather jackets and berets and sunglasses and looking so cool and talking about revolution. i'm like, yeah, that sounds good to me. i have always been fascinated by the panthers. as a filmmaker, there's always more than one reason why you want to make a film. as a filmmaker, it's just such a wonderful story. the people who are part of the story -- the majority of them are still alive. they were only 20 years old or so at the time. the panthers were this media sensation. there is a credible amount of footage and still pictures to construct the film. all of those things can together, and i became interested in the

morgan stanley earnings take center stage in the u.s. after the holiday weekend with investors honing in on fixed income and the banks commodities business and president obama heads to capitol hill for the state of the union address but republicans are already fighting back at a plan for tax reformful we're going to discuss that with politico's ben white. >> you're watching worldwide exchange bringing you business news from around the globe. >> all right we got the german survey. sentiment index reached the highest rating since february 2014. also reporting that january current conditions index came in at 22.4 points versus 10 in december. now what about economic conditions? well, economic conditions came in at 48.4 versus 34.9 which was a number we saw in november. so clearly better than expected and you can already see the euro strengthening against the u.s. dollar at 11606. the economic survey compiling 350 financial experts. the indicator reflects the difference between the share of analysts that are optimistic and pessimistic for th

morgan stanley has 3.5 million brokerage clients.ccess to 10% of their clients, their names account numbers, not a lot of other information where he could steal it. he apparently put in this file that was put on a file sharing service. gerri: this is a file sharing service that's used by people that are selling information that's been illegal gotten. okay? >> he put 900 of those names on this thing. gerri: presumably. >> morgan stanley doesn't think he's looking to sell those names to another brokerage firm. most of those firms know the top 10% of the wealthy people are. he was going to sell it to a bucket shop or a bitcoin -- gerri: they actually have evidence that there was effort to sell this data. >> it doesn't matter what his motive was. you and i have been around a long time. this kid has not been around a long time. twenty-five years old or something. when i was at the wall street journal i wrote a story about these three knucklehead brokers got access to one of their top fund managers -- famous, ran the fund. had access to hi

kron4's stanley roberts was busy in 2014.t over the last year. speaking of people behaving badly. >>stanley roberts: it's time to look back on 2014 to see the best of the worst here is a mon-khmer doing doughnuts on the golden gate bridge camaro. people were flocking to fremont to the sea the south bay and to take a self the. when people get pulled over they often have interesting excuses. this driver act in the english pretended to know only chinese and he was pulled over. this is how the general looked six years ago. the city simply kick the can down the street and now this is what you have. what appears to be the nation's largest homeless encampments. >>: no insurance no vehicle no money >>stanley roberts: the shortest distance between two points is a straight line which is what implies that kaiser center have figured out of the knife had to ponder decision and in this case a man was pondering his car and drove into 3 ft. of standing water. this driver ignored the causes and drove into the water as well. the speed limit he

>>stanley: >>: no knowledge of to you.or guy is 75 for the record if you're seen the speed limit but to the bottom line is our you could face an automatic license suspension of the golden gate bridge stanley roberts kron 4 news. >>mark: a special set of glasses is a long on a mother to see her son she thought of losing her sight in grade school says and the condition that causes michael degeneration of the blind spot to some of the provision but that all changes when she puts on these east eyeglasses and she can make out the facial features and she would never forget the first time since our son. >>: remember her his mouth and thumbs and his tongue when he would cry i would have to imagine what he looked like and i am used to doing that lead is a literate hard-working and a to do that for your own baby. >>mark: washington relabel and read been some stories in all events company developed his glasses and been on the market for about a year the cost about $15,000 for area >>darya: we will be right back. >>darya: 04 to our st

. >> siblings lawrence and pansy ho have become leaders in the industry thanks to their father, stanley ho. and sister have a combined net worth of $7 billion. for the last decade, they have met stiff competition. >> they predicted i would not even open. they did not believe somebody else could do something better than they could. >> they underestimated you. >> they grossly underestimated me. >> sheldon adelson has a net worth of $35 billion. much of that wealth made on his macau casinos. the race for macau pits billionaire against billionaire. all vying for the attention of the 1.3 billion chinese to the north. macau is an 11-square mile enclave on the southern coast of mainland china. for over four centuries, it was under portuguese rule. today it is the closest place to china where gambling is legal. in 1962, chinese businessman stanley ho was the first person to usher in a new era of casinos in macau. for decades, it raked in billions. he paved the way for other investors to make it big in macau. today, one of those investors is stanley ho's son, lawrence ho. >> my father revolution

again, morgan stanley in light of expectations.uity and debt in its fixed income commodities and currencies trading unit. back to you guys. >> thanks very much. >>> coming up cnbc's larry kudlow. i know he has an opinion about tonight's state of the union speech. i know you're going to want to hear it. and then it's not just a t-shirt but a lifestyle. the cofounder of life is good joins us to discuss their retail success and how they are giving back. and as we head to break, look at u.s. equity futures. to the upside. us librarian emily skinner, each day was fueled by thorough preparation for events to come. well somewhere along the way emily went right on living. but you see, with the help of her raymond james financial advisor, she had planned for every eventuality. ...which meant she continued to have the means to live on... ...even at the ripe old age of 187. life well planned. see what a raymond james advisor can do for you. you just got a big bump in miles. so this is a great opportunity for an upgrade. sound good? great. bec

>>stanley: the jarhead what he thought was a better test. that made the legacy will happen for 2015 and the news room stanley roberts kron 4 news. >> reporter: were keeping an eye on the air traffic and weather a lot of the outside the bay ridge is a really nice day loss of sunshine still critical out there >> reporter: they're the big started the we are working out of you this morning california will start to can have the cases resolves was a trauma are undocumented immigrants they started that this morning based rectify 1.4 million applications in the first three years will have a distinctive mark indicating that the person is undocumented said officials say they can't predict how many people line immediately pemmican up for a flood more than a dozen analysts alas to sign up california's now martin said the gonzaleses to undocumented immigrants the please send to the east bay as an aggressive video showing high speed pursuit wide to stay 80 in oakland when a man may pursue at the center of a freeware the bay area water management district

morgan stanley it's a much smaller number morgan stanley has this trajectory with wealth asset managementalibrated in fixes income trading only areas where they think they can take money. so they're not there for all of the product categories just to support the client. there's a big difference here. >> on the subject of morgan stanley, as we go into that what do you think the tolerance is with investors for increasingly rewarding the staff this year? as has been promised with management and as is expected by many in the bonus? this is -- for many people that work at morgan stanley this is a water shed moment for the bankers up to the legal team if they don't get paid i hear simply aren't sticking around the ceo of morgan stanley references that. at the end of the day, 2015 it's going to be another good year like '14 for morgan stanley. and when we look at morgan stanley, you know i think they're executing on their five-year strategy and we're seeing improving margins and solid top line growth. that means we've got a target price of 45 at morgan stanley, it's a strong buy recommendation.

economist at morgan stanley.ad of consensus, looking for march of 2016. >> effectors a good deal. core goods prices in the u.s. have collapsed in the last two months. this year, if we look at the monthly pattern of core pc pricese prices, pretty far from the feds 2% goal. by our measures, it will continue to move further away from goal and will not bottom until october of this year. that will be difficult for the fed. to communicate to markets that it is appropriate to raise rates around the year. we talked earlier that wages will -- we don't think the pickup and wage growth will be enough to trump the dollar card. their rhetoric has to change soon. probably at the semiannual testimony in february where she has to back off this idea that a may 2015 rate hike is appropriate. >> we talk so much about divergence. >> this is an international market. financial conditions are affected internationally and immediately. this is why it was so pres sing to bring fisher on. >> are they suggesting euro parity? >> we have a be

kron4's stanley roberts was busy in 2014. new at 8 -- he shows us some of the people he caught over the last year. both of my cars have not automatic and was called feature. its 2015, looking back on a 14 have people looking--be hitting badly. consulted by itself is not a problem of the problem is much deeper been at. more people more problems to. when people get pulled over it that often have an interesting excuses why. they did what they why also knew the driver who spoke english. in 2008 accounted delegates it is that what appears to be the nation's largest homa-- almost homeless area. the first baby born in the new year -- arrived in a bay area hospital. tempters already in the '30's. what locations are continuing to drop to almost freezing. will see how low tempters will go coming up. and the man making headlines for a gruesome new year's eve attack on his mother. 7 pursing tenders traub minute by minute. 33 in fairfield 37 and model down in the '30's and somerville 42 in fremont 40 and pleasanton and livermore. tonight

the ceo of morgan stanley joining. the cofounder and ceo of salesforce.com, mark benioff joining us from davos. we are expecting the european central bank to make its most controversial move ever. a bond buying program aimed at fighting off relation. -- deflation. announcing other measures in half an hour. may total over $1.2 trillion. consumer prices are falling on an annual basis and they keep declining. not everybody is on board. some say the ecb is doing too little, too late. job cuts are on the way at ebay. they will cut 2400 jobs, 7% of the workforce. ebay is preparing to split from its paypal unit. american express will cut more than 4000 jobs part of a restructuring. google is raising the stakes for wireless wars are paring sell wireless service directly to consumers. google has reached a deal to use the networks of t-mobile and sprint. no word when the google service might start or what it will cost. an outbreak of measles linked to disneyland has now spread beyond california. seven people have been infected i

well, the stanleys also believed in cbd's potential to treat many diseases.nd they had seen it change lives before. >> i always have two -- >> meet 19-year-old chaz moore. he uses many different strains of marijuana. many of them high in cbd to treat his rare disorder of the diaphragm. >> my abs like lock up. >> that's why he's talking this way, almost speaking in hiccups, like he can't catch his breath. it's called myoclonus diaphragmatic flutter. >> this fluttering here, it's annoying, but it becomes painful pretty quickly, i imagine. >> yeah. after like 15, 20 minutes this is where i can start to really feel it. >> he is about to show me how the marijuana works. he has been convulsing now for seven minutes. >> how quickly do you expect this to work? >> within like the first five minutes. and i'm done. like -- >> that's it? >> that's it. >> it was actually less than a minute. >> depending on the attack and the day, like, it will work within the first couple hits. >> hear how his voice is completely different. that attack lasted eight minutes, but some have

that were longer than the morgan stanley beyond.he big story on the table right now is a fed interest rate hike on this year or are they off? >> we have competentists making this morgan stanley call on "closing bell." >> she will be here, and she can defend that call. i think that is the latest of any of the major wall street houses. >> absolutely. that is true. >> yes. >> and there's an e-mail chain. >> you called it the outliar, which i like. it's the yacht allow among outlaws. steve liesman. >> you have something else to plug here. >> it's very important. >> we have a big fed decision right here on street signs tomorrow. nobody is expecting a fed rate hike. you never know. one of these days the federal reserve is going to shock the world like ali. tomorrow 2:00 p.m. eastern time. all kinds of good stuff. just watch this network for 124 straight hours. >> let's bring in diane because housing and the federal reserve do go together like peanut butter and chocolate. you pointed out something that does have us a little confused. what

james gorman from morgan stanley will be here.orrow he gets here and morgan stanley reported earnings today. jamie dimon pro jpmorgan chase will be here thursday. and i hope, i just hope that they basically step up to the plate and kind of lead this in a different direction. this is very statist, european stuff. it is supposed to be for the world. they talk a lot about poor and hunger. they don't about what capitalism has done traditionally to address those in a very good way. melissa: charlie gasparino when you come back tomorrow i want a juicy piece of gossip that i can't get anywhere else. >> i will try to get it. melissa: something delicious we could possibly get in trouble for saying. this is what i want on this show tomorrow. >> i gave you, i gave you swiss miss. what else do you want? melissa: i am just saying. >> i gave you swiss miss. melissa: miss you. >> i gave you swiss miss. melissa: have a dripping for me. isis demanding $200 million to save the lives of two hose damages but will japan pay up? >>> they say one is the

you'll see stanley's photo on the right side of our home page. >> pam: that's where we have links tous your video or still pictures. if you've caught some bad behavior on camera. we want to see it. >> jacqueline: more at 0 g is on the way. it will be chilly out there tomorrow. --fog >> jacqueline: we do have f o g expected and the inland valleys and portions of the north bay. as we head into the hours. it will clear by 11 creek it will be more sunshine and warmer temperatures in the afternoon. >> jacqueline: closer to the coast pretty mild in san francisco and daly city. sixties in the south bay. 60s for san jose. for our inland valleys warmer tomorrow for about two to four degrees warmer. low sixties and went creek fairfield stills 59 degrees. same thing at the coast line. satellite and radar picture showing cloud strength through the bay area. that is the till and sweeping through in the next few hours per it will not see rain. that could bring does a little bit of running with that system on friday. desi along the north bay coast line as we push into the afternoon getting close bu

we have to take morgan stanley's word here.mployee who took the information of 10% -- >> that is a huge amount. >> morgan stanley has to be a believably upset -- unbelievably upset. >> i would love to know what the ramifications for this employee would be. >> there's rick latorre action, potential legal action, all of the above -- there is regulatory action, potential legal action all of the above. declines we have been reporting to you over the course of the morning appeared to have more or less stabilized. the dow is down 230 points. similar to clients for the s&p 500. oil is another moving factor today. new york crude down in excess of 4%. oil with a $50 price tag. unbelievable. >> it does not seem to be turning around. especially -- it seems that it is only going in one direction. >> we saw stocks dropping. safety trade appears -- stocks are going down. people are moving into treasuries. 10 year treasuries are trading at about 205 yield. we have seen this play out before. >> guess what else we have talked about in years pas

we will ask morgan stanley's -- ♪ >> let's turn to the u.s.here are suggestions that a rate rise will be likely. we are joined by morgan stanley's head of global currency strategy. hi. one of the surprising elements of the minutes was that a number of participants were worried about inflation undershooting the fed's targets. with inflation well below the fed's target of 2%, can the fed really hike interest rates possibly around midyear? >> it looks like it is well -- it is going to hike in the first quarter of 2016. in that sense, we are very comfortable with this. we think the undershoot of inflation is a very important thing for us, for the central bank. the other thing about potential debates of inflation expectations -- we are coming out for a of a huge economic slump. you do not want to low inflation rate that could reduce the escape velocity. that means that that will come late to hike rates. then they may go at a quicker pace. there has been this debate about, going now, flatten the profile out -- i think that is not going to happen. wh

dad, stanley needs to see the arts. their peckers around each other's faces! come on, everybody. let's go. close your eyes and cover your ears, billy! remember, you're a man! [ indistinct conversations ] sheila: oh, this is so exciting! oh, look at the funny clown, stanley. where? oh, no. [ horn honks ] [ laughter ] ah, very funny. thank you. goodbye.

let's talk morgan stanley, jim.elcome back from the long weekend, by the way. >> yeah. >> we focus on this firm in part, it is different than its breath rent because of the continued focus on wealth management and on all of those financial advisers it has out there. but they trade bonds then may have a smaller capital base to do it certainly mr. gorman taking it down. 599 million revenue number not what people anticipated. so perhaps below estimates. >> you can argue every single one of the brokerage banks should preannounce, should preannounce. misses are gigantic. or you can say, listen we told you misses will be gigantic, look at rest of the businesses? goldman, people did not choose to look good, goldman 1 the95 goes down to 177. citi didn't know about legal, okay. jpmorgan didn't know about legal, including a couple of comments by jamie dimon about five, six regulators. >> which may have obscured what he would argue are record earnings. >> bank of america was not good. >> we didn't see a lot of records. >> gold

stuart: the implication is that's what happened at mayor gap stanley?stanley. >> something somewhat similar has happened -- stuart: do we know if this employee took the information sold it and somebody entered the account of -- >> well, reports indicated that he posted somebody posted this personal account information, customer information online. it was about 10% of morgan stanley's wealth management customers, so, stuart, time and again we've seen these identity theft cases but what is not being fully reported, and i've been track aing this story, is that -- tracking this story, is that bank insiders are telling me the real danger is from bank employees themselves who are either disgruntled or laid off or still have access to bank systems. so that's something that both bank and law enforcementhave been watching. stuart: and morgan stanley's stock is down about 3% -- >> that's right. stuart: because of that. thanks liz. >> sure. stuart: one of the most popular articles on "wall street journal".com right now is an opinion piece. it's about how science i

morgan stanley has the stocks underway and say it is an evaluation of a significant premium. the performance came out on one day with an investor meeting and the stock is lower. the trajectory and the momentum is at a nine-year high. the pace of the dollar rises too fast and uses more money, giving the yen a bit of a breather. that is what you see. nearly 5%. the yen is also seeing a bit of a move. the is moving higher. those ears stocks. back to you. >> the market open and a bit of a rebound. the dax is up and what a day. the selloff and the indices were red across the board. a stunning collapse in the price of oil for the first time in five years and staying there. it was only trading at 107 a barrel six months ago. joining us for one of the stories is ryan chilcote. a look is lower and another big move lower. >> it is the one to keep your eye on and below $50 a barrel. it hit $50 a barrel yesterday and it led to the battering of u.s. stock. it led to the decline on the dow and was responsible for a quarter of the 300 points shaved off of the dow yesterday. chevron was down

>>stanley roberts: you are looking at a video posted on you to call a young child kicks the seat.video of muscle cars and motorcycles was shot goral style which means that they had no permits. in a message to all the drivers and riders they were told that they would be filming this sideshow portion and that they would be doing some flyby stuff. but here you see that motorcycles and a quad runners take over. they were informed via twitter and instagram to stay off the streets. for the record i tried to inform people but was unable to. how many are actively from oakland? so far that answer is a zip 0 they came from antioch and fremont employees beyond. oakland road vehicles were kicked as they won by showing no regard for the law which is not surprising. but like these guys on the video state homie hahahahah yo this is how we do it in the town in oakland stanley roberts kron 4 news >>pam moore:dramatic video coming from 250- miles off the coast of maui tonight. that's where a small plane that took off from tracy, lost power. fortunately, this particular single engine aircraft was eq

>>stanley: this is definitely people began badly is an invasive plant lice species that takes over the sentences of area always play an exhibition of people behaving badly. ♪ ♪ hersy'spres.brg the delious steof hersh'chocate to athing - everhing. th hshe's spreads, thpossibilits ardelious. did u kn enal isour eth'firslinef dense? but ily tingnd dnkin can lee enel rgh a wea introding w coate enamelealttootaste its iqueormu plenhes ak sts withatur calum.. ..nd gtly lish... .fortron heahy emel. rengen t enal at ptectyoureeth intrucinnew lgat enam heah tohpas. plenh anpoli r hethy amel coate. bra recmend by dentists my name is frank griffith and i'm a troubleman for pg&e. i've been with pg&e for 17 years and i work in vallejo. i grew up in vallejo and this is where i want to be. i ride my truck around on the same hills i rode my bike around when i was a kid. as a troubleman, if your power goes out, you call and here i am. i feel like my job is important because all the people in this community are people that i know. my family is vallejo too so i need to make sure it's safe for them. when

don't expect any action from the fed says morgan stanley. new note revealing it doesn't see the fed hiking rates. we already talked about this until march 2016. oil prices are forecast to go lower waiting on fed's target of 2%. we wanted them to wait and i told them you wouldn't and i was right. >> here's the thing i will never let you down. melissa: i am. what do you want? i am a trained economist. i have four years degree in economics. what do you want? >> he has a beard like ben bernanke. >> i'm a trained journalist. melissa: you're a trained journalist. >> average guy that watches us should know this if you want to put money in the bank or take massive risks in the markets you're screwed. that is what the federal reserve is telling you. >> it is true what you said before the show you won't shave until the fed raises rates? are you going on record? melissa: you won't shave until the fed raises rates. >> i won't shave until the fed raises rates. >> you have a long beard. >> i won't shave until george, our camera guy, shaves his fro. meliss

alessandra stanley and mr. frank bruni. we understand the very long ripple effects and reverberations of "the new york times," which extends so deeply into our nation's history, 1851. it is red on five continents, as we say all the news that is fit to print, in the digital world all the news that is fit to click. to be honest, rush limbaugh explains, i can only read a few paragraphs in a "new york times" story before i puke. well, last summer i was watching a rerun of a charlie rose special and the editor of "the new yorker" was speaking about the media in america, and remnick talked about his career. he had spent 10 years at the "washington post." for the past 22 years he has been the editor of "the new yorker." he said, "new york times" has been the greatest competitor of my entire professional career. he said to charlie rose, i think "new york times" is the nation's most important privately held institution. i thought about that. think about what you would lift as a treasurer, what is privately owned in the united states

morgan stanley's adam jonas will give us his take.ud storage company box getting ready to start trading tomorrow. what you need know about that company and it s competition ina few moments. dow up 107 points. "squawk alley" is back in a moment. ♪ >>> software giant microsoft out with several announcements yesterday, including this augmented reality hallow ends. the company unveiled the windows 10 operating system, microsoft surface hub and a web browser under development. jessie is a senior staff wired at "wired" and former colleague at "fortune" got a look at the halo lens and sat down with satya nadella. got to talk about the lens. in my experience this is the type of project that microsoft tends to fumble. the original surface was this coffee table supposed to go out and it never really got anywhere. now the surface is something else. you're worn the thing. is it good? and do you think it's going to work for them? >> those are two very different questions, right, jon, because you're right, microsoft has a history of fumbling. it's

because the morgan stanley super cycle piece from august indicated that u.s. silica like emerge energy which i told you to sell were working around the clock to alleviate a fracking sand shortage. at the same time they were ordering train cars like mad because of an intense rail car capacity issue. because those twin shortages would prolonged the alleged super cycle, morgan stanley figured the earnings could increase by 42% to 466 and rise to $7.04. those numbers now seem impossible and the prospect of a huge over supply in sand and rail cars can't be dismissed given the drilling cut backs and a sudden spike in oil prices, the reverse leverage should play out with guybig cuts and unfortunately for shareholders in oil and gas companies, a stock is more the rule than the exception. many companies bet on higher prices into the oil top predicting tight conditions for the next several years and didn't realize they were sewing the seeds of their dim mice and a decline in demand overseas. the over supply in this country and lack after demand from the rest of the worl

. >> pam: still had tonight stanley roberts is that the calls with the highway patrol. susan drivers driving badly. and the warriors make a boy's wish come true. >> reporter: as gonna stay pretty mile over night and all over this weekend. it will lead to know when we'll see rain again coming up with lead to no one we will see rain again that is coming up let you know when the rain is coming... >> reporter: here's stanley roberts with people we had been badly >> reporter: as something out there is called a cell surrender. the ford drivers behaving badly pulled over without being prompted >> reporter: so that was with the driver was 21 mi. over the close of speed limit set retail,. i was curious as to what the driver would have to say so soulless and then. >>: so you the flooding are things the to do not going ss. apparently this minivan was also a fast car >> reporter: the driver was from sweden heading to moderate. the average rate on meat by way 101 is 65 mi. an hour. a stop you for not stopping at the stop sign back there. >>: we decided to check out this place we did

>> reporter: the golden gate bridge stanley roberts kron 4 news. >> pam: and you can send us your video of "people behaving badly." >> pam: we're accepting submissions at kron4.com. >> pam: just click on stanley's photograph on the right side of our home page. >> pam: if you've caught some bad behavior on camera. we want to see it. >> pam: san jose police have now arrested 8 people -- after stumbling on a home- based casino this week. >> pam: officers had been responding to a possible domestic assault. >> pam: when as they arrived, people began scattering from the home. >> pam: inside, police found video gambling machines, drugs and cash in plain sight. >> pam: this is the home -- on the 100 block of south capitol avenue. >> pam: the investigation is ongoing. >> pam: three puppies found in a trash bag in the east bay.are improving tonight. >> pam: someone spotted the terriers at a park in pleasant hill on monday. >> pam: it appears someone tried to suffocate them. >> pam: now they are recovering at the east bay animal rescue and refuge in concord. >> pam: officials say they are still to

stanley did more than watergate. he did free watergate as well. at least the watergate conversations they are all basically partial transcript so i realized i would have to redo stanley's conversations. but that was 400 conversations 80 by the prosecutors, 320 by cutler, there were 600 more conversations that the best i can tell nobody outside the national archives had ever listen to so i realized this was a huge assignment. i started a test to see how difficult it would be transcribing some of these myself particularly those where there were rough draft and preliminary transcripts. it is tough work. this is a pretty primitive system. i told my wife, maureen, with whom i am still married, that is a question i get everywhere i go i told her god forbid, these are high heads, i would turn the speakers up in my riding area, very loud, the men in families start losing in the 70s and god forbid the last voice i hear is richard nixon, but i can hear use this morning. i plowed through uzi's and quickly realized i was going to have to have some help so i g

>> morgan stanley earnings come up short. you have heard the reason before. a drop again in fixed income trading. >> call him the decider, orrin hatch will have a say. we'll have an exclusive interview with him. >> by medical science can keep you from getting the flu. this year, it's worse than usual. >> welcome to "market makers." >> we are in today for eric and stephanie who are slumming it in the swiss out and eric has been interviewing the leader of the world economic forum. if you are a key -- interesting. stephanie's photo bombing. >> let's start with the bulletin. the top business stories of this tuesday morning. morgan stanley posted fourth-quarter earnings that missed estimates. a drop in revenue from fixed income trading. they take in about half as much from bond trading as it did in 2006. delta is flying high on lower fuel costs and rising demand. the airline posted better than expected earnings for the fourth quarter. oil prices fell 40% during that. the gains will be limited because of expensive you'll hedging contracts. the international monetar

>> it's july 2007, and veteran cinematographer stanley bridges is shooting a music video.ocal rap group 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. [ laughter ] 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 you all doing? and anthony says, we're shooting a video. and he was 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. yeah, 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 wasn't no whip! that was a bunny hop. >> okay, well, let's do it again, because that wasn't really a wheelie. he does it a third time. >> all right, here

>>stanley: i place against him on the side of my vehicle to see this would gyres are doing behind the wheel you might be surprised in the next edition of people behaving badly. female announcer: it's time to make room for the new mattress models! during sleep train's huge year end clearance sale, get beautyrest, posturepedic even tempur-pedic mattress sets at low clearance prices. save even more on floor samples, demonstrators, and closeout inventory. plus, free same-day delivery, set-up and removal of your old set. why wait for the new models? sleep train's year end clearance sale is on now! ...guaranteed! ♪ your ticket to a better night's sleep ♪ ♪ ♪ hersy'spres.brg the delious steof hersh'chocate to athing - everhing. th hshe's spreads, thpossibilits ardelious. >> here is stanley roberts who found some people behaving badly! >>stanley: no less than on the corner record all the people stop that lie on the cellphone but now the rules have changed except this time i placed-stamp on the passenger window to watch the driver to delay or long as 65 mi. from our like this ever and a black

morgan stanley shares were down more than 3% earlier in the day. fiat chrysler headed 20% jump of sales in the u.s. demand for the chrysler sedan increased by almost 200% for the month. it capped the -- a successful end to the year. mccormick karmic or had its best year since precrisis, 2006. and dunkin' donuts is headed to mexico. the world's largest doughnut chain has plans to develop more than 100 restaurants in the country. there are more than 11,000 restaurants in more than 33 countries. the united states is asking europe where's the beef? the u.s. will once again opened stores to european beef exports this month. they had banned them following the how -- the cow crisis in the 1990's. thousands of cows had died from the disease. the european community welcoming the u.s. decision to open up its markets. >> we hope the american authorities will very soon open also two other member states. though i won't -- i will remind you that more than 70% of you access spurts were coming through island. -- exports were coming through ireland. >> americans op

legal help is here. >> shares of morgan stanley down 34 cents on this down day.ary thompson has broken down the numbers. >> it's a messy fourth quarter for morgan stanley marked by a number of charges that have increased its legal reserve. it took a hit from underwriting revenue, and a weak trading environment in fixed income and commodities. the ceo james corman on the call. >> it's a difficult market and trading environment. especially in october and the last few weeks of december. as trading business is in particular fixed income and commodity sales in trading would clearly not be immune to the unfavorable market environment. in other news pressuring the box. also saying on the call the firm does remain committed to selling its physical commodities business. part of its plan to reduce risk weighted assets after the unit sales. >>> gorman also updating plans to get the firm's return on measurability from 8% this year to 10% while declining to specify a date for achieve this goal, gorman promising this is not a five-year target. cutting the investment bank's rat

i want you to morgan stanley. john. >> hi jim, first i would like to thank you for your knowledge you share when the market is on a downward turn. my stock is gilead sciences. >> i think it's okay. let's go to izi in florida. >> good evening mr. cramer. thank you for taking my call. >> of course. >> i'm a big fan. i watch you in the mornings and the evening. >> thank you. >> my question is about alibaba. >> we like yahoo. that's all i have to say about yahoo. and that ladies and gentlemen is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. >>> a lot of this shouldn't be this simple. you shouldn't be able to see the price of oil is down and sale the oil stocks. this is usually more complex. right now we have a bizarre complex of cause and effect it's so simple. first let's deal with tough stocks though. this morning two gigantic oil firms are trying to merge. they're constantly innovating order to make it faster and cheaper for oil companies to extract crude. i don't thin

morgan stanley has a lot of their money in that. that will even out.mise you by this time next year they will be fine. david: adam, i know what you think. >> morgan stanley made 6.15 billion in profit for the year. jpmorgan, jamie dimon said they have to stop stepping in dog you know what. they had quote, 2014 was a record year for the firm for net income and earnings per share. they made 21.8 billion. what is this discussion even about? david: i will tell you what it is about? paul, it is about 50,000 jobs lost in the financial sector. you can not discount when they fire 50,000 people there is something going on there. >> yeah. but look, you have to be worried whether or not they make money. banks always make money. if you invest in the stock market you have to worry about profit growth, is there enough of it. buying stocks for year, on record, they're off record highs but not too much off the record highs. you have to be concerned about the growth picture. david: breaking in just the last couple of minutes, spacex confirming that google is going to b

stanley, that you can for being with us. we know these attacks come at a time when europe is undergoing an internal debate over islamization of the continent shall we say and you say in a recent article that europe obviously has a terrorist problem. that it sincerely does not have a muslim problem. just explain to us your stance. >> i think it's very significant that one of the policemen killed in the attack upon charlie hebdo was himself a muslim, which indicate reminds us the vast, vast vast majority of muslims in france and across europe regard islam so it's undeniable that france has a security problem. it also has a problem in that there are aspects of the culture which conflict strongly with islamist political tuesday. the idea that the correct response to this is to demand the muslim community explains itself or the idea that we should see what's emerging as a as a buy near struggle is a mistake. >> every time an attack like this happens moderate muslims can feel guilt they feel the community will feel the brunt of th