in one thousand nine hundred eighty eight director stanley kubrick rewrote the rules of cinema in a way that continues with mates and inspire. this conversation can serve no purpose anymore today on kino we're doing a deep dive into two thousand and one we're devoting our entire show to stanley kubrick's saif i class a. film turns fifty this year but two thousand and one is still way ahead of its time. when kubrick began putting his son fine masterpiece together in the mid one nine hundred sixty s. americans and c.v.s. were vying to be the first to reach the moon to do. that a visionary but believable set design kubrick hired nasa experts who had worked with rocket pioneer than a full blown the frankfurt show explores how meticulously every technical detail was planned. i'm. the book was the first to use product placement that's futuristic watch from the luxury brand hamilton went on sale as the film opened. but only a few original props are preserved cooper destroyed most of them. this is a replica of the model of the famous centrifuge a hamster wheel weighing fifty tons and twelve met

they tapped morgan stanley to lead its ipo.o the top story, the google ceo faced more than three hours of questions before the house judiciary committee on capitol hill. lawmakers pressed them on how google protects privacy. what the search engine plans to do in china, and what other platform is biased against conservative views. it was a tutorial for how google works. >> if you googled the word idiot under images, a picture of donald trump comes up. i just did that. how would that happen? how do search work so that that would occur? >> we have gone out and copied billions of pages in index and take the keyword and match it against webpages and draft them based on 200 examples. >> so it's not some man sitting behind the curtain figuring out what to show the users? basically a compilation of what users are generating. emily: it is not some little man behind the curtain he indicated. naomi spent the day inside of the hearing and joins us from washington. take us into the room and a set the mood. what was it like in their -- and s

had goldman been courting uber as aggressively as morgan stanley had?> for a long time, there were senior goldman executives throughout uber's ranks. it was a goldman company in terms of recruiting. those people have left. yeah, i think that relationship is not as deep as morgan stanley but we will have to see, it is not over for them. there is plenty of work to be done before uber goes public. we will have to see what goldman takes on. emily: updates on timing? >> i would love to have them. for uber and lyft, the first half of the year, lyft has talked about march or april, now it is how quickly they can get ready. there are variables that are unknowable to tell you when it will be. the first six months of next year is my bet. emily: eric newcomer there. softbank is said to be planning to sell its stake in nvidia. the company could make about $3 billion off the sale. the report comes as nvidia and other semiconductors continue feeling the impact of rising trade tensions as well as slowing demand. coming up, robin hood is rolling out a new perk for its

morgan stanley rose a fraction to 40 peart 81. bank o america fell to 24.52. versusen downgraded to equal weight from overbating weight at morgan stanley. analyst says any goods news priced in. the price target is $58. stock fell more th 2.5% to $57.25. >>> morgan a stanlo downgraded ebay to equal weight from overweight. the analyst cited conrns over the ee commerce website u.s. business. price target $33. stocks below that slightly down to $29.04.il and will youyou lemon was upgraded to buy from neutral at citi. the analyst cing improving fundamentals and the company's growth prospect. that price target now $152. shares rose 5% to 122.65. >>> still ahead, is the rocky stock market holding back spending this holiday season? >>> "the new york times" is reporting that chinese hackers were behind the massive cyber attack on marriott. the hackers are o suspected working on behalf of a chinese intelligence gathering ateffort. infon including emails, names and passport numbers were stolen as part of a slow moving attack that is believe to have lasted four years. h w

this is stanley road working men's club.embers and their families. i started coming in here january 197a. it's a way of life, you get to know everybody. stanley road's cards were marked more than three years ago in february 2015 when the club responded to a letter from minotaur offering financial help. what happened next is hotly disputed. what we do know is back then the club was in £30,000 worth of debt to its brewery. minotaur paid that off, meaning the club was then in debt to minotaur. just five months later, glynjones demanded repayment in full, saying with interest, fees and charges, the £30,000 debt was now more than 140,000. this summer, after almost 70 years, stanley road working men's club closed. mobile phone footage captured the moment when glynjones sent administrators in to seize control. as that was happening, he was back in chesterfield at barrow hill. glyn jones and supporters of stanley road are now fighting it out in the civil courts. across town is somewhere else mrjones got involved, at number one worki

report that morgan stanley had worked with uber?, morgan stanley has been helping uber from early on get its prospectus in order. ande reported last week others have reported, they filed confidentially for the ipo last week, setting up a race, if you will, between uber and lyft for getting out there, going public, grabbing the public's attention and getting the interest of big institutional investors to take interest in companies that have shown a lot of promise, but also carry some financial risk for an investor. david: it appears that morgan stanley has won the prize on uber. also, goldman will have a piece of the action, as it were. goldman has been working with uber some. >> they go way back. under gary cohn, under travis kalanick. there was a good, strong relationship between buer -- uber and goldman sachs, but things have changed in recent years. there is new leadership at uber. they went through a big rough patch in terms of the public trust. new leadership has come in. with new leadership, that gave -- an stanley unopen ling

i agree with you on morgan stanley. i think if you really want a thesis on this you have to predict the stock market in general globally is going to be up 10%, 15% the next 12 months if that happens and the assets appreciate accordingly, you'll see this stock along with revenues and earnings per share. i think -- >> that's what you just said. >> that's what he said, scott. i'm with you >> that's not what i said. and you know i own goldman sachs which is a competitor. you know i'm in the space. the rise over the next 12 months which most people aren't really thinking about, that will propel revenues, return on equity, book value, everything in stock a rising stock market is what moves this higher. >> i think it's a business model that has moved it higher people forget this is a stock that in 2016 was $21 this has endured rates being moved higher by the federal reserve. wealth management business has re-created itself. it has taken a tremendous amount of volume away from the other players in the space it's also benefitted

is that to select morgan stanley to lead its 2019 ipo. is expected to be the biggest listing next year and one of the five largest of all time in the u.s. in michael from san francisco. we know that goldman sachs will be involved and give us more details. >> morgan stanley has been working with uber for a while on this one and there is lots of money involved. looking for comparisons to previous ipos, the largest ever is alibaba's $25 billion ipo in 2014 and morgan stanley was one banks that got $41 million on that. the exact amount we get from -- uber's ipo will be substantial and goldman sachs having some's role as well, we will find out about the fees later. amanda: is there a sense the window may be closing based on what the markets have been up to? michael h: there's always mention of the our word for recession and uncertainty. i will make a production on myself on that one. -- i will not take a prediction on that one. they are not just affected by the market, they may determine it as well to a certain extent. ipostors are ready for a

let's go now to stanley woody until he's a freelance journalist in jakarta stanley a big search and rescue operation is under way now do authorities there expect that the death toll will rise dramatically. their throats hundred sixty eight well right rick required i talked to you. about how high do they think it might go. you know unclear but. the government. relaxed first week i receive. it works right dramatically that they don't they're not clear but do you think number right is them what's being said about the cause of the tsunami we heard a little bit in the reports about the high tide playing a factor as well. yeah. carcajou i went which is one of images both of them are up there. and but it you know mark you're right or whether it. was on a ship and on it on the island. it may have been caused by. biter. by the cycling site undersea underwater according to one of the expert an expert to talk to you it's still not clear what are the there is an earthquake that. triggers the a tsunami. now we heard this struck in the in the middle of the night people really didn't have much of a warni

stanley died in november at the horowitz gauges ninety five. a quirky love story between a mute cleaning lady and a captured sea monster the downscaled at the academy awards winning the oscar for best picture and best director. in. the fantasy romance blew the academy and cinema goers in clear out of the water. seven german film awards were showered upon tree days in key the hall actress monkey boy mom plays the film. bonnie schneider who died tragically at forty three the film recreates an extensive interview with capturing the star's charm and vulnerability. and this auto biographically inspired drama is a work of art director alfonso cuarón looks back to the early one nine hundred seventy s. in mexico remembering his childhood the women who shaped his life in the political people change society. grew alfonse compelling black and white film won the gold in mind at the venice film festival. yeah i think when the history of twenty thousand in the movies is written i think we'll look back at this year as being a real turning point for diversity

stanley reed came along and it was unanimous leader when it was announced in the courtroom stanley reed had tears in his eyes. he said that's probably the greatest decision that the court has ever announced. you remember the statement about the replacement when vincent died he said sh he was the chief justice and frankfurter just could not tolerate. he always thought of himself as an agnostic and said this is the first time i have some evidence that there is a god. [applause] i had the great good fortune in 1969 to end up as nobody else asked questions to ask a two-hour interview with the chief justice was and i gave as well as i could but never the same kind of firepower that you are describing but i also in the chicago school and the rest i managed to get a little upset to get my questions out to him right. what i said at the end is mr. chief justice, of all of the decisions your court has rendered which has changed the landscape of the country, which do you consider the most important and i wasn't sure. the politician that he was he said it's the one man one vote decision they will h

he wouldn't bring the judicial intellectual firepower who might intimidate stanley reed.

. >> we're the stanley cup champions! yeah! >> back in june w thhe stanley cup.e've been partying ever since. they're back to business. th've won seven of the last ght games. this get another cup year? that's what i want for christmas.s ovechkin sure hoping so, leaving us with this gem. ♪ we we shall you a merry caps game ♪ snowfall the most wonderful time of the year ♪ playoffs can be frightful but the cup is so delightful ♪ ♪ baby put another cup on the tree ♪ ♪ hurry back to d.c. tonight ♪ do you wantui to bld a champion ♪ ♪ silver cup, silver cup ♪ it's christmas timen the city ♪ >> the trophy. you ca find that on the capitals twitter. they are just terrific. i thk weat needed they're telling me something is going on with the government, too.d >> that's g stuff. >> the first of the year is coming. >> all right. where's santa? >> scotlandal most here. clear skies,uiet conditions for his arrival. i think things will start to be looking up and he's here to give us all our gifts. >> stanley cup. that's what we want. t >>> tonight, mar plunge. stocks nose dive acr

wilson,us now, mike morgan stanley chief u.s.greene, man u life asset management chief economist. megan: it is evenly split on where this could go. really anything could happen. i think it will be difficult for theresa may to get anything out alternativesso any to the deal that she has are things that the eu would never agree to, other than no brexit or no deal. tohink she could put this parliament, you can see the rejection of it in parliament, which could be cathartic, and then maybe it will pass, so really anything could happen. david: if would be more dramatic and entertaining if people were not directly involved, like theresa may. we have seen unemployment, things like that. megan: that is a great question. it is showing up in the u.k., and it definitely has for a while now. outside the u.k., though, it is not really showing up. even if the u.k. crashed out of the eu with no deal, it would affect the eu through financial volatility. u.s. equities would probably adjust in the short-term, but the asian growth, not really. alix

cheryl: well, is morgan stanley getting special treatment from the new york stock exchange? lauren: tracee carrasco joins us more on that and the other headlines making news this morning, this could go to sec, tracee? tracee: new york post report that is the new york stock exchange gave special treatment to morgan stanley broker who asked to trade large blocks of stocks for several minutes after the markets closed according to post last friday exchange officials looked the other way and gave the broker until 4:08 to complete last-minute transactions, neither norgan stanley and nye had any comments, right before the meeting between trust and china in argentina. lauren: timing is everything when it comes to trading, this is interesting because we all feel or fear that regulation on tech companies is coming but microsoft is actually asking for regulation. >> yeah, that is right, microsoft urging governments around the world to adopt regulations for facial recognition technology next year that would require independent assessment of accuracy and bias and prohibit ongoing surveil

morgan stanley helped uber in the ipo perspective and it has really been the main bank in the room.s is sort of the key banker there. it's just a big win for morgan stanley, getting uber ready for what could be this $120 million ipo next year. >> tencent music has risen on its trading debut in the u.s. it happened after a series of negative headlines, including a lawsuit and a two-month delay threatening to dampen the mood of investors. they had less than ideal ipo pricing, but how did the debut go? >> they had a less than ideal >> 24 hours ago, we learned it would be towards the lower end of $13. but when it started trading on the new york stock exchange, to much fanfare, as is always the case, it popped to $14.10 write -- right at the open. it did meander a little bit lower but closed smack on $14 a share. what does that mean? that is a price jump of about 7.7%. all told, it raised $1.1 billion versus an expected $1.2 billion. that still values the company at $22.9 billion. and they sold 82 million american depository receipts. >> qualcomm declaring a win in a chinese court. it ha

the stanley cup is really cool when you think about all the tradition with the stanley cup. >> it would be nice to have a stanley cup. >> it is coming. >> it would be nice to see one here. >>> the warriors continued their work trip -- the road trip . mark will have all the highlights coming up in sports. with advil liqui-gels, you'll ask... what stiff joints? what bad back? advil is... relief that's fast. strength that lasts. you'll ask... what pain? with advil liqui-gels. it gives you super fast speeds for all your devices, xfinity xfi. a more powerful way to stay connected. enhanced coverage, and lets you control your network with the xfi app. it's the ultimate wifi experience. xfinity xfi. simple. easy. awesome. xfinity xfi gives you the speed, coverage and control you need. manage your wifi network from anywhere when you download the xfi app today. >>> mark is here with sports. warriors and the cleveland -- warriors and cleveland. a little different story the last four years, the warriors in the nba finals against the cavaliers. it is a whole different story up there for that team a

especially morgan stanley.he paper allowed trade as late as 4:0 pm last friday the last trading day before president trump met with president of china in argentina big questions whether allowed to complete a last minute flurry of transactions even after the market closed, now we reached out to new york stock exchange find out what they had to say they had no comment on the record. all complainants they say referred to regulation separate addition so moving, we also reached out to morgan stanley reached out to securities and exchange. >> comment no word from each institutions, but i have to tell you, one of the details here important to understand, is that what matters here is whether your trade your order is time stamped before 4:00 pm some get done after 4:00 pm always time stamped before 4 pm question how was this handled i would think we are going to get more details, on this sometime in the future, certainly, going to be investigated here possibly by regulators. >> thank you very much, our market is trading

, stanley, stan lee, stan lee, stan lee.d someone watching your back. >> and man and is wasp teaming up. >> but what a legacy he left. >> we'll be known as x force. >> isn't that a little derivative? >> you're absolutely right. >> i'm a big fan of the marvel universe, though. >> that was a big year for marvel. >> "black panther" was great. >> what's up! >> as you can see, i am not dead. >> i'm a huge marvel comic film fanatic. i loved infinity wars and "black panther," hello. wakanda forever. >> let's give "black panther" what millions ever fans have already said. it was the best action film of the year. and the box office loved it, too. >> made a billion dollars because every black person on earth was required to see it. i don't know if you're aware of that. we were required to see it. >> amazing movie, brilliant, loved it. >> how long before a man like that has had enough? >> this year saw more mortal adventures unfolding as well. for mission impossible fall out to the meg. >> because a movie about just a shark isn't good

we spoke with stanley druckenmiller.o createf you wanted a deflationary bust, i would do exactly what the fed it was doing. 2010, corporate nonfinancial debt has grown from a $6 trillion to $9.6 trillion. that's about a 60% increase. during that time, corporate earnings increased 27%. earningshe s&p increase 60%. all that borrowed money went to finance buybacks and m&a. dollars that to my mind were pushed were the result of investors being pushed by the fed to go out on the risk curve. that resulted in a big debt built up, it resulted in donald trump feeling comfortable doing more spending. it resulted in barack obama saying he did not want to balance the budget on the backs of old people. essentially, the bond market that would traditionally be a vigilante from this behavior, market signals were canceled. we developed another bubble. we are in the position potentially where we were in early 2007. i'm not calling for a cut. the economict indicators, which i wish the fed did it, they all look quite good. , so forth and so

we are outside the courthouse where the cfo is expected for her bail hearing morgan stanley chairmanphen roach is onset and byron wien joins us at the top of the half hour if that weren't enough, another price target cut on apple, this time from morgan stanley, following ubs. "squawk alley" has the analysts behind that note first, markets are taking a blow dow down 180 bob pisani has more. >> this is what makes everybody nuts, discussions on trade talks. we move the markets with larry kudlow's discussion. look at what's happening you go into the markets. markets open you have positive momentum on the jobs report. the sentiment is with us here is larry, comes on with us here and says comments that larry kudlow was typically make. for example, progress, get a lot done in 90 days on trade talks he would consider extending that truce if good progress on tariff discussions. all positive we go up 15 points in the s&p, then drift around, then peter navarro on another network he says if progress is not made in 90 days, we will reinstate tariffs essentially. down, 15 this is what makes everyb

favorites, new report alleging that the new york stock exchange gave special treatment to morgan stanley broker allowing morgan to trade after hours, there's backlash about it this morning and we've got it. all the stories coming up this friday morning in washington, joining me to talk about all of the above town hall.com political guy benson along with wall street journal jon hilsenrath, in new york fox business network dagen mcdowell, dagen, good morning to you, what a wild day yesterday on stocks. dagen: wild day, i don't want to diminish what is going on with the arrest of the huawei chief financial officer but i said on the program yesterday morning it's about the federal reserve and the direction of interest rates and investors concern that the fed will overdo it and i think that proved to be true yesterday afternoon when the wall street journal article came out about fed now taking a wait and see approach and, book, you have this amazing comeback in the stock market. maria: that's true, all of a sudden you have more voices than just president trump saying you know what, let's reas

i can't wait to see stanley's results on this.nk you very that is bloomberg's air checks there. -- erik schatzker. interviewr his tomorrow on bloomberg television. let's get first word news. courtney: president trump stacking up his attack on federal reserve over interest rates. he blasted the central bank for considering a rate hike at a time when inflation is low and the dollar is strong. begin a two-day meeting tomorrow and expected to raise rates for the fourth time this year. top democrats say it is now to president trump to decide whether there is a partial government shutdown. he said he will not sign the budget needed to keep the agencies open if it does not include $5 billion for a wall with mexico. notk schumer said there are enough will for the wall in either house of congress. turkey president has threatened to launch -- meanwhile, there is another sign the u.s. economy is moderating. a sharp slowdown in business and that sent federal reserve index falling to its lowest level in 19 months. the empire state survey showe

doing keg stands in a stanley cup, doing it. >> sneak up onyou, trust me. ovechkin made the short list for the associated press's male athlete ofyehe ar. >> no surprise, the kin , basketball lebron james the overall winner. the announcement came before his 156 game playing streak ended last night. he was forced to set out of a match up after he injured his groin in a christmas day game. he is expected to miss several games as he recovers. >>> james beat out bets for thes ho. >> kansas city chief's quarrirback and te crown winner justify rounded out the cup. >> the horse. >> not the jockey but the horse. >> sovi feeding back the aging process with bagsf money. your dog walking forecast here, kenny, he's available for adoption at the humane rescue aalliance. do people alike be ready to get wet on every minute outside today. >> big truck wreck on the inner loop at the beltway. it's blocking the left side. the outer loop at georgia avenue. avenue. oe take prilosec otc and take control of heartburn. so you don't have to stash antacids here... here... or here. ki

erm: stanley druckenmill talking about investment application of that policy.to do is drive forward the conversation, and we can do that with somebody holistic, legendary. atchim fels holds court timko. we will look at their 2019 view in a minute. good morning. francine and i say good morning. you have always had phrases that matter, what is your phrase for the powell said? joachim: i think the phrase for theyowell fed is that are getting closer to a pause. that isn environment rookie season, ben bernanke wrote about his rookie season in 2006 when he had become chairman. when he first uttered the phrase pause, markets rallied. the next move would be down. this is what jay powell may now be facing, if the fed starts to talk about the pause, markets will assume we are done with rate hikes, and the next move could be down which could leave -- lead to volatility. was ahat permeated it global outlook, a central bank to the world. you had chairman bernanke at your annual meeting and other advisors. is this a central bank that is the world's central bank? joachim: yes

. >> we are going to bring in george from morgan stanley. some say, is the recession starts settling in here? >> recessions happen. we had a bull market since 2010, the longest ever. the bull gets tired and wants to stop. at morgan stanley, we are projecting a recession, probably a short one. we have the fundamentals on the economy are strong. jobs have a positive report that we will go down to 3%. this does not happen in an economy that is not doing well. we are doing very well expect sit on your hands and don't open the envelope, does that still stand? is just 351 points. >> these numbers cause anxiety. if you are a short-term investor come at this is pain but if your long-term, this goes away. the global economy is doing well. the global stock market has a wall of worry and that is that negotiation happening between the u.s. and china. with canada, it has been fixed. china has to work with us to manage 1 billion people and feel they have hope under nondemocratic country. >> this does raise interest rates in december and they are expected

and you see, morgan stanley, barclays, the un women's campaign, you walk by ups and you see the firm of choice for women. this has not escape notice. either the firms will figure out how to deliver what women have clearly been asking for or they are not in someone else's. we have gone from some of the nice touchy-feely stuff that have and in 2006, which was more human resources, to a true business imperative that will affect corporations and balance sheets and stockholders. i think that we owe it to you as an industry to be there and be respectful of your time and you owe it to yourself and your family and your daughters and in my case my son, to demonstrate and set by example that we care and we are disciplined and we do it before there is a necessity that puts us in that place. >> women can have it all we have time constraints, you and your own businesses and do topic work and children that require attention, how have you managed all of those things yet been able to plan for the future, invest for the future and help other women invest in their future? >> i take it a day at a time

morgan stanley pointed out in recent weeks that that is as low as crisis level.e scoops on the terminal about the scandal, so you can see the disparity. and how they are relative to the u.s. banking peers. and the problem is people are hesitant to invest, while they see risks of different fines coming along with the scandal. vonnie: i think that was clever. not only did you use reverse psychology, but she promoted the stories on the bloomberg that are well worth reading. so, guy, what do you have for us? guy: do want to buy this market at this point? i expect from an equity point of view that may not be the case. but that is the view of the chief technician over at baycrest. they are talking about the percentage of the s&p that is trading above and below the 200 day moving average. so at the moment, the average is around 60%. if you have north of the percent of the s&p trading above the 200 day moving average, that applies the bulls are in charge. we are below that at this point. so in order for the market to get a momentum going forward from a technical point of

you walk by morgan stanley, and you see morgan stanley he for she. you walk by barclay's and you see the u.n. women's campaign. you walk by ubs and see firm of choice for women. this is because it has not escaped every wealth management firm's notice that either the firms are going to figure out how to deliver what women have clearly been asking for or they're not, and somebody else is. so we have gone from some of the nice touchy-feely stuff that happened in the industry in 2006, which was more human resources gain, when times are great, to this is a true business imperative that's going to affect corporations, balance sheets, and stockholders. so that is what's bringing all this on. i think that we owe it to you as an industry to be there, to be respectful of your time, your treasury, and your talent, and you owe it to yourselves and your family and your daughters and in my case, my son, to demonstrate and set by example that we care. we're disciplined. we own our worth, and we do it before there's a necessity that puts us in that place. >> now, yo

. >>> mgan stanley joins the chor us of analysts cutting price targets on apple. morgan stanley lowered the target to $236 ath share. mnalyst cites weakness the chinesearket. the firm maintains though its overweight rating on stock. the shares fell 3.5% to 168.49. >>> still ahead, looking for stocks that will grow enings in any type of economy? our market monitor has some ideas. >>> sentiment among ceos declined the third straight quarter although at historically gh levels. according to the latest survey from the business round table, confidence overall remains strong. t the survey does cmo a decline in expectations forl capiinvestment, hiring and sales. a separate gauge of consumer sentimen shows tha americans continue to feel good about their economic pspects in part because of the strong job market. >> speaking of which the tight labor market may be good for worker but it's creating a challenges for employers. it's no secret thatany companies, big and small,avre stilling a hard time finding workers. pete rogers went to horse cave, kentucky to see what one busin

. >> oh, the caps won that big trophy, the stanley cup.two their first loss in weeks. stanley cup champs host at 7:00. wizards off until saturday night. good to see dsp in the community. got his own chant from the kids? how about that? >> givingback. >> dsp! >> i love it. >> all right, thank you, chris. ha tnk you, chris. you have a lot of deadlines in your busine, right? miss deadlines, we don't get paid. what if you lost your network connection? you gotta be kidding me. chaotic. our gig-speed network lets you download files up to 20 times faster. and we go beyond fast with 4g lte backup for complete reliability. so, if you lose your network connection... ♪ ♪ you won't miss the deadlines. having the confidence of something that's never gonna go down would be priceless. one more way we go beyond. call today and pay just $49.95 a month for fast, reliable internet. comcast business. beyond fast. >>> so, tell us one more time when all thisain is going to stop, doug? >> ah -- you mean theong progression? >> no, no, i mean this weekend. >> satu

stanley black and decker was upgraded to buy from hold at deutsch bank. they like the fundamentals and is less concerned about the possible impact of tariffs. the price target is $143. the stock rose more than 1% to 119.98. still ahead, the market turmoil doesn't appear to be slowing down online shopping. >> today is one of the busiest of the holiday season for fedex. the company expects to break the record for holiday deliveries. coming up, how e-commerce is the driving force. >>> oil prices settled below $50 a barrel for the first time since october of last year. the market is concerned about oversupply in the u.s. this after industry data showed inventories at the storage hub at cushing, oklahoma, rose by over 1 million barrels. add worries about global demand and domestic crude settled down about 2.5%. ceo confidence has fallen to a two-year low. a new survey says chief executives are concerned about a cooling economy, rising interest rates and uncertainty related to trade with china. corporate debt levels are a developing concern, especially if the f

some m people,gan stanley has 4% earnings growth. the market moves on what earnings look like a year fromw if you are talking about 4% instead of 10%, the mket has a problem. that's the problem. we can't figure out what the tariffs will be and what kind of global growth or slowness we get. a better picture on the fed and raising rates. but the two x factors are causing a lot of gyrations. >> i was asking you about the fed does the day like today couple wit the slowing growth? does it change the dynamic for the fed.eo >> there aree out saying yes that's changing the way the fed is thinking. but that'sot bad news. if the fed goes slower. two things we hit a important technical level about noon. the twournd moving av the s&p 500, when you drop below that, that tends to indicate growth. also we have the flatter yield curve where the 10-year is coming down. historically that indicates slower growth. wait a winute get two indicators that indicate slower growth. this tells momentum trader, guys trading on how growth down a bit. take off ris

appreciate it. >> thank you to both of you very much. >> carla hair whi morgan stanley. >>> coming up, the new space race reaches new heights. >>> the boy scouts of america f may fil bankruptcy as it faces growing legal costs tied to lawsuits alleging sexual abuse of boys within the organization. the "wall street journal" says executives have hiredm a law f to assist with a potential chapter 11 filing. now such a move which potentially would allow the boy executes to pause lawsuit giving it opportunity to settle with victims who resued. >> mortgage rates have fall ton the loafest level in three month. the mortgage giant freddy mac says the avera on a 0-year fixed rate pel. but the rat are still higher from where they were a year ago. >>> apple is expandi the footprint. the tech company plans to build a $1.0 billion campuaustin, texas. its third in that city. that a will createut 5,000 jobs. and the company isn't stopping there. it says it's opening three new office noticeseattle, san diego and culver city, california. an expanding operations in many more cities across the country. >>>