in 2020 stanley suspected suicide is a debt. a term used to describe any fatality involving the authorities the system fire. the system failed him. he was still a young, young boy should not have been in that prison. it should have been the audio where the family couldn't love daemon this couldn't happen, wouldn't have happened. prisoners on de release have come to pay their last respects. this outpouring of sorrow is all too common than many indigenous families in the era of mass incarceration. since the early ninety's, they had been more than 470 indigenous deaths in custody. the majority in western australia was going to stop last last march, last year. when they stopped killing their keen, we want them to go home. me stanley was serving a 2 year sentence at a medium security jail for a string of burglary related offences with parole. the young in night could have been released in 6 months. it also spent time in youth detention re learned to paint a pastime that helped him deal with anxiety and depression. stanley sisters tia

it won't bring stanley back. he's not the ones bene, medical treatment and mental health support in jails. bob, just worry about those young boys. you know, i really worry for their mental state. oh, i mean what, what was i thinking? what the future be like, you know, i, i in a final message to the prison. both those at the funeral and those watching by video link from inside jail. the pastor echoes connie's fears. i want to just tell you one thing. last value of your life is that the most important your lives mean more than your reputation is that your life is very, very, very, very valuable. had the best, like you that your brother and don't white get one go, ah, it was a preventable this. we wouldn't put on the service to marry children, but we too often do. gerry, jo, josh, it's been a friend of the family since stanley with a child. he and megan crack or provide support to western australia affected by deaths in custody. this is becoming too oh my last rack community. a death in kathy . she's never been on t

stanley sisters tiana and jacinta. remember him as a shy but loving member of the family to follow extending just unreal. it was wonder who shadowy. i wanted him to very old with me, but will be for every own up. the he was so loving to my kid luck. he said, my birthday hardly 13th birthday though than april did a painting of his hand to my daughter, sent it to her for her birthday. my brother wasn't no big bad prisoner. you know, i wasn't a bad person laid on the land between neglected it in the liver to just into says she mourn prison offices that her brother was struggling in child. that request to move him to another section where he had all the family members were refused. instead, stanley was temporarily placed in a crisis canyon risking. my brother sharia physical warning fun. he had caught on his arm. he had cut from his chest. he wasn't hoping. he wasn't mentally hoping him being in a state where he wasn't harping and he wasn't feeling loved just to constantly plays in my mind. just constantly. my brother's me

betty yu has more on how lord stanley is changing it up. >> reporter: the famed restaurant lord stanley does not look any different from the outside but on the inside a new operation underway. >> reporter: it is the same space, same staff, same owners. but brand-new cuisine. turn table has debuted at lord stanley featuring well known and up and coming guest chefs from around the world. the wines will reflect a particular region. first up. her food reflects her jewish heritage and time spent in australia and asia. >> because of the pandemic as well for us to be able to be cooking outside like here, and argentina. for us to have the opportunity to show our food with this kind of service and kitchen it is huge. >> reporter: diners can choose from a multicourse meal indoors or casual options at its to go window. >> everything changed during the pandemic. we just did things to keep going and moving forward it made us think about what people are looking for and how to keep things fresh. >> reporter: lord stanley owner says she loved traveling to pop ups before the pandemic. turn table is her

as soon as stanley open. the car door. officer boz it was staring down the barrel of a loaded semiautomatic handgun held by a man who threatened a minor with a firearm just months earlier and chased off a fellow officer with a loaded handgun in that split second officer basel had no other reasonable choice then to shoot stanley to save his own life family members and supporters have argued that stanley was protecting his family and his home in the report, the da's office notes that officers are allowed to use deadly force if they are in imminent danger. pam, back to you. thank you. grant. >> demetrius sam lee's death was the second fatal police shooting of the year by a san jose police officer that on january 21st officers shot and killed 27 year-old david tovar junior at an apartment complex in east san jose. he was wanted in connection to a homicide in gilroy. but was unarmed when he was killed. the district attorney's formal report on this particular shooting has not yet been released. >> in the east bay livermore high

morgan stanley cut u.s. tech equities to underweight.nvestment strategisteama and northern trust management is still with us. what is your view on where things stand with u.s. equities with morgan stanley and bank of america, are they right to be sounding the warning signal at this point? >> we don't agree with that stance at the moment. we are a little more optimistic. we still think the recovery will continue. in the short-term, we're transitioning interest the recovery growth to more organic growth. lots of volatile data and there will be periods of disappointment in that data and maybe we're in such a period right now. we do understand that that is -- that is challenging for markets at times looking six to 12 months ahead looking through that volatility, we are underlying positive growth and it is going to be supportive for equity markets. tom: volatility but not time to reduce dramatically or expose u.s. equities. where do you want to be positioned there? do you buy into the view that tech is a safe hain amid this volatility? how mu

stanley then passes an suv where another plain clothes officer is sitting in an suv. stanley opens the suv door and points the gun at the officer. that's when the officer opens fire. the report says he had no other reasonable choice than to shoot stanley to save his own life. >>> there's an elevated security concern in washington, d.c. fencing is once again surrounding the u.s. capitol building. it is in preparation for saturday's rally called justice for j-6. j-6 stands for january 6th. the rally organizers say they're going to protest the ongoing criminal cases of 600 people charged in the deadly attack on the capitol building. the capitol police have already asked to have the national guard on standby. the installation of the concrete barriers and the tall melt fencing that you see here will be removed by next week. >>> take a look. some dangerous conditions on the east coast. heavy rain and flash flooding shutting down this intersection in richmond, virginia. you can see someone who appears to be swimming this in the water. it is unclear if that person was swimmin

. >>> first stanley tucci reveals >>> first stanley tucci reveals his battle with before you go there♪ or fist bump there. ♪ or... oh! i can't wait to go there! ♪ or reunite there, ♪ start here. walgreens makes it easy to stay protected wherever you go. schedule your free flu shot and covid-19 vaccine today. finally yasso! a ridiculously creamy, crunchy, chocolatey dipped ice cream experience with 25% less calories because it's made with greek yogurt. so, thanks for everything ice cream, but we'll take it from here. yasso audaciously delicious find your rhythm. your happy place. but we'll take it from here. find your breaking point. then break it. every emergen-c gives you a potent blend of nutrients so you can emerge your best with emergen-c. within this hallowed bowl is the grain of all time. heart-healthy no artificial flavors. and ready in minutes. it's epic apples and cinnamon by the spoonful. quaker oats. a super trusted superfood. (vo) the pursuit of prey. quaker oats. it's a shared instinct for a lynx and your cat. and so is their desire for meat. to satisfy a cat's craving fo

we have been talking about the downgrade from morgan stanley. next two months carrying an outside risk of growth. lisa: the agenda is not just passing the plan. will they pass it with higher taxes? the conversation is going to represent that. people are looking at how they're going to crackdown. we have a headline rate that companies do not pay. you end up with a 25% corporate tax rate. that might have more of a drag than a benefit. jonathan: what do you make of that, kaylee? kailey: this is not just about the trillions of dollars in socially oriented spending. they will not pass the info structure package until there is an action on the social origins of spending. they are focused on things like climate and childcare and you have to consider the economic implications in terms of having the harder infrastructure spending. it could mean that both things collapse. jonathan: lisa might lock you in a closet. lisa: i am just trying to figure out -- i am trying to understand what the negotiation tactics really are. you really want to wind me up today.

a stanley kubrick film based on a — all about it. novel and _ all about it. a stanley kubrick film based on a novel and the - all about it. a stanley kubrick film based on a novel and the novel i all about it. a stanley kubrick film based on a novel and the novel is| based on a novel and the novel is really about the battle between free will and can stream it and also crime and punishment and the central story is a teenager commits acts of violence and is then captured and put on present and is told he can get out only if he submits to a particular technique which will take away his free will but were turned into a proverbial clockwork orange. it was a real cause celebre and the censorship fuss about it.— censorship fuss about it. quebec with a view _ censorship fuss about it. quebec with a view it _ censorship fuss about it. quebec with a view it in _ censorship fuss about it. quebec with a view it in the _ censorship fuss about it. quebec with a view it in the end. - censorship fuss about it. quebec with a view it in the end. but i

what's your rating on morgan stanley? >> well, we do have -- we do recommend four of the five large banks led by bank of america and start with j.p. morgan and the regional banks like us bancorp and pmc, and we have a whole neutral rating on morgan stanley. we think the structural change has gone a long way, and it's a top pick for a number of years, and you can't -- dance with everybody, so we're on the sidelines with them. >> you're dancing with everybody else i mean, come on. i feel like you're going out of your way to avoid saying anything negative about morgan stanley. you're dancing with everybody else and you left morgan stanley on the bench what's up with that? >> the jury is out on some of their acquisitions you don't decide on the success of an acquisition and you, the first few months it takes a couple of years it really see how they're going to integrate e trade. james gorman, the ceo of morgan stanley was lucky with the timing of the e-trade acquisition and you have heavy lifting to see the followthrough thro

it happened this afternoon in front of stanley middle school. abc7 news reporter kate larsen is there. you spoke with the family of the driver and parents of the crossing guard. reporter: so many families been impacted by the accident that took place on the street. people are just starting to show up to deliver flowers. the one thing i have heard from parents, students, and the crossing guard's family is the guard who grew up in this community died a hero. tuesday dismissal at stanley middle school in lafayette took a tragic turn when an suv hit a crossing guard in front of the school. >> he was getting pulled out from the paramedics, and he was getting cpr. >> stella champion says at the time, the street was crowded with students. >> i think there was a kid injured, but the crossing guard saved the kid. >> the crossing guard, 45-year-old ashley diaz, was volunteering at stanley. the same middle school he attended growing up. >> it is unbelievable. just this morning we spoke to him before he went at the clock for the crossing. >> his parents liv

stanley passed his suv where another officer sits inside, he points the gun at the officer. that's when the officer opens fire. reports says he has no other reasonable choice than to shoot stanley to save his own life. >>> tiktok has teens stealing and destroying property at their schools. the result is thousands of dollars of damages across the area all documented for likes on tiktok. here is thom jensen. >> reporter: the unified school district was one of the schools that was damaged in the tiktok challenge. two of the boys' restrooms here are out of service because of the vandalism. >> i remember walking into the bathroom and there is no mirrors. >> reporter: toilets are clogs and soap dispensers were torn from the walls. >> as soon as had any issues, let's connect with families to make sure it stops. >> reporter: a spokesperson saying tiktok does not allow content that promote it is criminal activities but a lot of damage had already been done before tiktok found and took down the videos. new ones are already going up showing damage to schools across the nation. >> it's

ivanka of edge versus morgan stanley. this is what he had to say in terms of buy that bounce, you had the worst rout in 16 months, but here is what he said, the market selloff escalated overnight, i merely technical selling flows but the primary thesis remains unchanged. buy the dip. morgan stanley says it is far enough, they talk about a 10% or even 20% correction. tom: that is david wilson from morgan stanley with a more irish view, but you saw that bit toward the end of the session yesterday which brought to the s&p back from those intraday lows we sell, and the futures pulling up a 5/10 of a percent right now. let's check on the markets for the up-to-date context. in asia, you have china closed for a national holiday, so bear in mind. the nikkei down sharply today, japan laying catch-up. msi i -- the msci asia pacific down. the crypto space is feeling the risk off mood as well, down more than 10%, bitcoin around the $42,000 level. the bloomberg dollar index is just a smidge lower, as you can see. that is being reflect

it happened this afternoon in front of stanley middle school. abc7 news reporter kate larsen is there. you spoke with the family of the driver and parents of the crossing guard. reporter: so many families been impacted by the accident that took place on the street. people are just starting to show up to deliver flowers. the one thing i have heard from parents, students, and the crossing guard's family is the guard who grew up in this community died a hero. tuesday dismissal at stanley middle school in lafayette took a tragic turn when an suv hit a crossing guard in front of the school. >> he was getting pulled out from the paramedics, and he was getting cpr. >> stella champion says at the time, the street was crowded with students. >> i think there was a kid injured, but the crossing guard saved the kid. >> the crossing guard, 45-year-old ashley diaz, was volunteering at stanley. the same middle school he attended growing up. >> it is unbelievable. just this morning we spoke to him before he went at the clock for the crossing. >> his parents liv

oppenheimer downgraded morgan stanley.cerned about how the stocks already had an incredible run it's up 45% year to date you have great quarters followed by bad quarters. still see it in other big investment banks some feel that's all goldman has. we don't understand them they can trip up the bank especially an investment bank. nearly every bank feels a little precarious then you have morgan stanley which is so consistent that it's boring how great is that? 11 years ago james go prman too over ceo it was one of those great american scream machines since then he turned into a sedate investment bank that stopped getting in trouble and started maybing consistent money. it wasn't eeds zi. gorman was in tricky line of business the settlement ar r addressed mortgage backed securities these days morgan stanley is known for buying companies like etrade to boost wealth management almost annuity stream. this bank doesn't trade that much differently from the others with morgan stanley you get that consistency for free a no alarms, no

stephen stanley, thank you.er question is how involved this bedboard might be in trying to shape the views of the boston fed and the dallas fed in selecting new presidents. that could be interesting. tom: i less think so. i think as we heard from michael mckee and others, diversity is front and center and theirs are two geographies where they can easily affect diversity. jonathan: diversity abuse as well? tom: yeah conservative tilt to the texas fed. -- you have a conservative tilt to the texas fed. boston is its own interesting soup with all of the universities around. i have a great confidence the local boards will solve the issues washington cares about. jonathan: a lot of questions for chairman powell. that starts at 10:00 eastern. lisa: i wonder whether this takes pressure off him in the sense he has fewer questions to answer in terms of the ramifications for trading activity. i wondered stephen stanley will be right that the new fed, the new composition of the fomc will only be more dovish than what we hav

morgan stanley's australia summit gets underway. the key drivers of industry disruption with richar wagner. breaking news out of south korea. we are getting the jobless figures for south korea. dropping to a record low of 2.8% for the month of august. the estimate was for the rate to come in at 3.5%. it is falling to a record low of 2.8%. much lower than the previous month. this is an unexpected fall. defying economist expectations of a rise. we have seen the virus related restrictions. we are wondering how it will affect the jobless rate. perhaps it will be a decline in labor force, with people waiting out the latest virus wave that has led to an actual drop in the jobless numbers. we've also had a lot of fiscal aid in south korea. the extra budget passed in late july supporting small businesses and job creation programs. the economy added 518,000 positions from a year earlier, which would be six straight months of gains. haidi: and of course, a little bit of a win for team transitory. everyone says what we see in terms of price pr

stanley griffin was a foundation of our family. without him being a -- working for himself, mother could not do what she did because we would have got fired and not had any employment. so stand up for what is right and always remember my mother. and one last thing, a little plug here. if you want to learn more about mom right now, go to edna griffin iowa. and if you google that, you're going get a lot of hits on her. we're writing a book right now. so there is going to be a lot more about it. we want to help kids just like you and others excel. white, black, everybody do that. thank you very much. >> thank you. thank you. [ applause ] >> thank you. thank you. thank you so much, stanley and lauren and grace for sharing that story about edna griffin, who was such an influence on our lives. as young people take us towards our democratic ideals, there are people that help us along the way as examples, and edna griffin was one of those great examples to us. >> she was. >> around the time that all of this was going on and that we were gr

we are morgan stanley. we see increased efficiency connected to more comfortable homes.rson's energy star™ certified sensi™ smart thermostat uses geofencing to simplify how homeowners manage comfort and costs. emerson. consider it solved. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> welcome to the etf edge portion of "halftime report" i'm bob pisani tax wars have come to etfs senate finance committee chairman has proposed a new tax on etfs to help pay for the $3.5 trillion budget plan the measure would stop investors to avoid capital gains on in kind transactions. traders can swap the underlying asset for another without producing capital gains. one of the primary tax advantages of etf. etf industry is fighting back. let's talk to the ceo of the investment company institute which represents mutual funds and etfs, briefly. what is in kind transaction. why do the democrats want to tax it why

that is one of a half-dozen stocks in which morgan stanley cut its rating.e talking johnson & johnson, merck, are genex, and jen lab. it is not like there is one overarching reason why morgan stanley is more negative on these companies. in a lot of cases they figure there is nothing to push them higher. they don't look as attractive as they were a few months ago. that is what is going on in terms of the groove. it is a different story in a sense. you look at health care stocks in the s&p 500. historically, they have struggled to keep up with that benchmark. even without weakness, the second most heavily weighted group in the s&p 500 are about 13.5%. some of the stocks that have weighed on the group this year are among those that morgan stanley cut ratings on, merck, amgen. to these stocks at least, the firm's call kind of like pouring gasoline on the fire to some extent. guy: you need to segment the health care sector. health care has fallen 19% year-to-date. moderna has been a driver of that sector. you strip that out, and the sector has had worse performan

jonathan: mike wilson of morgan stanley, chief u.s. equity strategist.orward to that conversation in 60 minutes. looking forward to the conversation. from new york, this is bloomberg on radio, on tv. this is bloomberg surveillance. ♪ ritika: the fate of president biden's economic agenda is largely in the hands of house speaker nancy pelosi. just to find a way to keep the democrats moving toward her goal. she has an agenda that includes the president's multitrillion dollar tax and spending bill. she will have to find a way to avert a government shutdown and treasury default. british prime minister boris johnson is heading to the u.s., his first trip out of europe since the pandemic began. his most radical relationship with president biden is that a delicate juncture. it has reinforced the idea of a special bond ahead of an upcoming global climate summit the u.k. will host. the u.n. general assembly returns to manhattan this week. many new yorkers are less than enthusiastic. hotel and restaurant associations are expecting only a moderate economic impact. i

witnesses say the 45 year-old was helping children cross the street in front of stanley middle school when he was hit. >> diaz's death has renewed calls for street safety in the city is there have been 6 deaths. >> pedestrian traffic since 2014 in crosswalks in a roundabout. crosswalk mister diaz was killed was known to be an issue. >> walking. my kids to school should be a happy thing. and yet it's terrifying, lafayette city and school leaders listening to the public's concerns in a special meeting. wednesday night issues ranging from speeding to drivers not paying attention. the amount of distracted driving. >> that exists in this city, in the world in which people are connected to their devices, connected to screens within their cars is really quite troubling. officials have said there are road improvements being made. some projects already underway involve pedestrian crossings at a number of local schools such as happy valley elementary colonnese high school. >> i know that each one of us is at a different stage of grief. over the tragic death of ashley bs. diaz's recent death has

getting your attention, morgan stanley advising the gdp tracking number from 6.5% previously. that is quite a revision. tom: it is a good precursor to get to brian. it is a 90 day one off. when do we see that? i am not sure how they can say it is a discrete quarter slowdown. >> what they expected, a sharp slowdown. they thought it would be evenly distributed. a lot of it has come through the month of august. the ongoing problem we have not worked through, demand is fantastic. supplies is not. we have seen that in every data point this year. september was important because we saw -- we thought these difficulties would ease and heal. september, in the eyes of so many people, it is so important. tom: payroll tweaks for tomorrow from -- brian, you see them bring down assad d august. how do you adjust and invest to the uncertainty of q3? the uncertainties of q4? >> we believe there would be a slow down. when you think about how disastrous the session was and how quick the recovery was, it is strange investors were extrapolating that event and you heard a lot of talk about higher in

andrew sheets, morgan stanley chief cross asset strategist. we are done in europe.in terms of what you see on the chart. the ftse 100 finished down .1%. stories are idiosyncratic. we are watching the m&a story. a stronger pound, weaker ftse. cac 40 nearly up 1%. luxury stocks doing well. the auto sector having a solid day. alix: i thought that was an interesting idea that some of that is already priced. coming up, cecilia malmstrom is our guest. we will also break down the german elections. this is bloomberg. ♪ ritika: coming up, the tripadvisor president and ceo at 1:00 in new york, 6:00 in london. this is bloomberg. >> we know very much what we bring on the table. it makes sense we move forward. >> i just pledged our leaders to speak about it and you will have to wait a few hours and days to see what will happen for this meeting. guy: the eu commissioner for the internal market is speaking to reporters in brussels earlier on today. the issue is we will start our conversation, cecilia malmstrom, former eu trade commissioner. cecelia, we have a spat between paris an

this is the suv that struck ashley diaz right in front of stanley middle school. lafayette police were on scene for more than four hours investigating the crash. residents in this area feared something like this would happen. >> i'm not surprised. i'm not surprised. i knew this day was going to come because it's just like i see everybody speeding h>> it's, because i mean, everybody in this -- it's not like this is a big town, you know? everybody knows that school is here, and you need to be careful. you know, you really have to be careful. >> reporter: gloria diaz says her son had a career in the i.t. field but wanted to help out his community. he just started as a crossing guard yesterday because he heard about the shortage of guards at schools. she says his sense of humor and devotion to his family will be sorely missed. >> about three months ago, i had a fall and collapse and i was hospitalized for about a month. so he took time off from work. he came here, he took care of me. he cooked my meals, took me to the hospital, took me to my doctor's office. he did ev

we are morgan stanley. the things, all around you... where you learn, work, and fly... we help make them healthier. we are the people of abm. for more than 100 years, we've been a leader in making spaces cleaner, from the things you touch to the air you breathe. today, more than 100,000 of us are innovating to ensure spaces are more efficient, healthier and safer. abm. making spaces healthier for you. >>> the nfl season kicks off tonight when mvp tom brady and defending buccaneers host the dallas cowboys the man calling the action will be emmy award winner and hall of fame sports broadcaster al michaels who joins us now from tampa. it's good to see you again, welcome back >> scott, you do know this is an annual visit this is my favorite interview of the year i love you guys. it's the greatest show on television love to be with you every year >> so good to have you, i look forward to it always as well i know you're looking forward to the season fans are back. i can't imagine what it's going to be like for yo

equities strategist and chief investment officer at morgan stanley good to have you on.re from tom lee. it's a technical chart and shows the 50-day moving average. i know you're not a technician per se, but it shows that every time we drop down a little bit, we hit that 50-day moving average and the s&p just continues to move hirgher only one time has it broke below that in the past year. obviously it did 18 months ago but it's been a very strong chart. what are you seeing now, fundamentally, technically, fund flows, whatever, that makes you think we may finally get a real correction >> yeah, thanks, brian look, i think, that's a good point. that's what's kept people involved here. the s&p 500 has been tremendous. it's been the place to be. and look, that's been really part of our call this year, which is that in march, you know, mid cycle transition, we said quality would outperform. that's when we got away from the cyclical trade and small caps and low quality areas. there's no better index in the world than the s&p 500, so it's been a beneficiary of that it doesn't ch

morgan stanley is taking u.s. equities to underweight.'s tax plan includes more than 80 tax hikes and changes to fund the budget, but there are three that raise the most money and have the biggest impact on corporate america. >>> and the nfl season does begin this week and a number of betting names coul

well, edna griffin who is stanley's mother was an amazing woman. she was a really good friend of our mothers. she had already won in iowa supreme case speaking up against discrimination. we are so happy today that we are gonna have students from iowa that did a national history day program. so, please welcome lorne johnson and grace. come on up you to. yeah, all right. >> my name is grace and this is lauren johnson. we are students from decor high school. we are here to talk about our experience with the national history project. when choosing our topic we wanted to focus on activists in history that really made a difference through our communities and iowa. that is when we found ethnographic in. i'd niagara falls a brave woman who fought the equal rights of all organizations and races. she took action for injustice. her most significant impact was her work with the cats drugstore. on july 7th, 1948 griffin was denied service at the drugstore grounds of her race. she filed a lawsuit against cats and took her case all the way to the iowa supreme cou

morgan stanley certainly doesn't believe that it will. question about whether they can get the plan done is not separated from the $1 trillion other social spending. the house has indicated that they won't let those things happen without each other. i don't know if i agree with lisa that i wouldn't be surprised to see the bipartisan bill not getting done if the democrats in the house can't get what they want. jonathan: not the first time i've been accused of painting a picture of a perfect world. >> honestly, i think the people are expecting something to get done, whether it is a wash. jonathan: your equity market goes nowhere on the s&p. this is bloomberg. (announcer) back pain hurts, and it's frustrating. you can spend thousands on drugs, doctors, devices, and mattresses, and still not get relief. now there's aerotrainer by golo, the ergonomically correct exercise breakthrough that cradles your body so you can stretch and strengthen your core, relieve back pain, and tone your entire body. since i've been using the aerotrainer, my back p

tom: morgan stanley boosting salaries for the second time in a month. that story next. bloomberg. ♪ >> there was a worry ry there might be competition but so far the cannabis sector seems to be holding up very strongly. tom: this is bloomberg "daybreak europe," future pointing to upslide in the u.s. section. after closing lower on wall street. the c.s.i.300, the benchmark for china, posting its biggest jump in more than a month. optimism around tech share there is as well. that's the futures complex in the u.s., optimism creeping into these markets. morgan stanley boosted salaries for the second time, second time in a month, raising stakes in a wall street bidding war for new talent. base pay for junior -- they bumped base pay for junior bankers to $110,000, that will cover staff in the trading division. our managing editor joins us now with ed ill it's a. what's the latest on wall street's bidding war for junior bankers? good news for those entering the ranks. >> certainly good news that keeps going, right? you're seeing bank after bank, day after day, announce they're

morgan optimism versus what we hear from morgan stanley.han: that nutrition is really helpful. it helps us think. tom: it goes later so the cheeseburgers taken. jonathan: what you think of 2022 out like a lion -- in like a lion and out like a lamb? lisa: is that price did? we see a bit of a roll -- is that priced in? we see a bit of a rolloff. that is the ultimate question. this does increasingly become consensus. jonathan: yesterday was a really defensive rally. staples bomb utilities, health care. lisa: there were fundamental reasons. micron reporting disappointing earnings. it is a muddy picture. tom: lisa shalett, bed, bath & beyond, 24% south. jonathan: did you see dollar tree yesterday? things will no longer cost a dollar there. lisa: they've been hit hardest, the dollar stores. jonathan: there is a change. isn't that part of the story? the dollar store is now more than a dollar. tells you where we are at. tom: to go down madison avenue, i shop at visa tree. it is great. jonathan: i thought you going to fit and further down to get to

we are morgan stanley. in 2016, i was working at the amazon warehouse when my brother passed away. a couple of years later, my mother passed away. after taking care of them, i knew that i really wanted to become a nurse. amazon helped me with training and tuition. today, i'm a medical assistant and i'm studying to become a registered nurse. in filipino: you'll always be in my heart. i don't just play someone brainy on tv - i'm an actual neuroscientist. and i love the science behind neuriva plus. unlike ordinary memory supplements, neuriva plus fuels six key indicators of brain performance. more brain performance? yes, please! neuriva. think bigger. at aspen dental, we help you find your happy place like tailgates, doubles dates and great escapes. through all your favorite moments, we keep you smiling with flexible financing on treatments you need - from routine care and dentures, to implants and clear aligners plus convenient appointment times in the evening, weekend or right now. start your treatment today for zero down plus zero interest if paid in full within 18 months and bring

morgan stanley would agree with you. andrew at morgan stanley is looking at europe. you are making this call out of london. look across the channel for us. what is the europe call for you? ben: i think europe leads it. you look at who is recovering from this wahoo has the highest pmi group outlook in the world, it is europe. who is best to benefit from that with the most cyclical industries, it is europe. who has the policymakers that are going to sit on their hands for an extended period of time and let growth run? i think the ecb may tap the brakes today, but they will be one of the last central banks to try to increase interest rates and fiscal policy is going to remain pretty loose. the next couple of years, european gdp will be on par or even outpace that in the u.s.. we have just come off of an earnings season europe with 140% earnings growth. that tells you the earnings leverage, which you will see today. jonathan: that is quite a call on gdp in europe. great to catch up. ben laidler, etoro uk market strategist. he has been bullish for quite a while. tom: i th

will you join me in thanking amy stanley for being here. >> thank you. that was lovely. >> that concludes our coverage of this year's printer's row lit fest in chicago. if you missed any of the events shown today you can watch them online anytime at booktv.org. the world changed in an instant about media com was ready with internet traffic soared and we never slowed down. schools and businesses went virtual and we powered a new reality because of media, we are built to keep you ahead. book tv.org. now we kick offbook tv with jen wong who reflects on her journey as an undocumented child in america . >> good evening, it is so good to have you here for a special event used by aa in partnership with three iconic independentbookstores . chancellor's literary foundation in association with kepler sports .

a amy stanley's stranger, you can smell the tofu and hear the click in the shops. you can even feel the chills in the country. this is one of the most evocative and gorgeously written examples of the historians craft that you will read. in this marvelous book, amy tells the story of a frustrated, stubborn japanese woman in the early part of the 19th century that runs off to the big city, the predecessors city to today's tokyo. this is the tale of migration, the lure of the city, aspirations of the constraints on women's lives and the force of personalities. and in this year and a half of tragedy, the emergence that the book authors and a different world is really iconic. it won the 2021 penned prize for biography and the 2021 national book critics circle award for biography. it was also a finalist for the pulitzer and for the most prestigious nonfiction prize. amy and i will talk for about 20, 25 minutes and then we will open up for questions. so, can we start by talking about what your first encounter was? >> i would like to say we met in a romantic place in the s

jonathan: morgan stanley asking that question, too.have gone from reopening to the midcycle transition. they are still trying to figure that out, tom. tom: for those of you who follow us on more than an hourly basis, from been labor over to mike wilson over at morgan stanley. there is a debate out to the end of the year. jonathan: we are trying to work out the what next after the midcycle transition. lisa:lisa: there is thinking that with the big tech companies, there are few employees relative to the cash flow. that point is going to be more and more salient as we start to see these, because they will be more immune to that pressure. they have better deals with the tips of players, for example, and the automakers. -- chip suppliers, for example, and the automakers. jonathan: morgan stanley put up sellers again for the analyst classed. we need the associate class to flex their muscles, if you are middle-management at the bank right now, you are doing all the work. lisa: and, frankly, the carry through, the bleeds through, the minimum w

morgan stanley had of global microstrategy.affects market looking for a stronger dollar and higher yield. tom: i'm speechless, jon. i had no idea. jonathan: i thought you knew. tom: i'm looking at the family disclaimers, and at the bottom it says i'm related to jon ferro. i didn't read the small print. jonathan: i don't own morgan stanley shares either, for that reason area. tom: all of the research, all the back-and-forth we've got down to the gloomiest of the gloom, guess what? everybody's got a narrative. that's what makes us go on radio and tv. you know what? nobody has a clue. jonathan: no one has a clue. i think you have really hit the nail on the head for me. the range of outcomes is incredible he wide. i totally agree. this is one of the most fascinating points of the global economy, going back to the euro zone debt crisis 10 years ago. the range of outcomes seven currently wide going into next year, except we seem to have policy makers get what they want. policymakers have been able to get what they want. will this fed

stanley is encouraging those who are and vaccinated to get the first two doses. she says we need immunity and that is the only way we are going to be able to fight this. >>> one of the most watched court cases in the country back in session, the elizabeth holmes trial. here is what has happened so far today. the former lab director took the stand and said he raised alarm bells with homes before product launch in 2014. he said test runs were failing and said he later met with homes, she was not her usual self, but quote, nervous and upset. he says sheets on the windows were counting the number of days to lunch. homes has not pled guilty to conspiracy or fraud charges. >>> r. kelly's fate in the hands of a jury, after weeks of testimony. they got the case earlier today, the defense called five witnesses, or prosecutors called 35 witnesses over 19 days. the r&b superstar accused of sex trafficking and racketeering from he has refused to take the stand despite maintaining his innocence. >>> state senator scott weiner urging governor newsom to take action on what he i

and by corporate funding provided by stevens inc and morgan stanley. >> welcome to firing line. >> thank you for having me. >> we're now 18 months int the covid-19 pandemic. more than 4.7 million people have died worldwide. the virus shifted the way we live and the way we work. where do things stand by this assessment with the global economy right now? >> so the global economy is in recovery mode. restarting a global economy is not easy. it is proving to be a less smooth recovery than we would like. and then add to that the fact that the fan depandemics not ov. and that politics is in the way, and we're looking at a notable recovery, one that is very unequal across countries and within countries. >> some peep are calling this a k shaped recovery meaning that certain sectors are recovering faster than others, do you agree? >> i like that this is more than just k shaped. there is multiple ks. i will give you an example. there is something new in the last few months and that is the smell of stagflation. you have to be as old as me to have experienced stagflation in the 70s. that is when you

that is the indoctrination at morgan stanley. i love the short, sharp note.rybody calm down about inflation. why should we calm down about inflation? seth: i think if you look at the details about what is really driving the inflation, there's lots of reasons to believe inflation in physical goods is really being driven by supply chain disruptions. we've heard about that for a long time. when we talk to our equity analysts, it seems like most supply chains are starting to get a little bit better at that and at least not get any worse. that means the price level increases for physical goods should be coming to their end pretty soon. we think we have peaked in the u.s. when it comes to inflation now. may be little bit later for europe. but the price level for those goods affected has probably peaked. they are going to start to ease off a little bit. that is going to pull down inflation for the index overall. tom: it is maybe not a global question, but i have to go to america. jon ferro mentioning this earlier. real estate, homes, rent folds into this call, certa