>> asked month sterne agee fired their ceo, jim holbrook junior, as well as his son.to light now that jim holbrook was under investigation by the justice and treasury department for some possible misuse of company assets, like planes and boats of condominiums and the use a hunting club. >> did you leave anything off? [laughter] >> well, they are not going to to have themvote leave the board of directors as well. there are pretty serious allegations and the lawyer did say that the allegations were overstated. firm is insign the trouble? >> from what i can gather, the investigation has not yet expanded yonder the activities of the ceo and cheap operating officer. it is not going further than that as far as i can tell right now. expanding as well. >> is it still planning to expand? >> yes, it is. here we are, right? this low volatility environment where debt trading is still coming down. you have got to think -- are these firms still seeing opportunity if they are smaller? is answer is yes, and this the reason why. volatility could increase, first of all, and the longer

managing director and analyst at stern agee has a neutral on oracle and $41 price target.obert, good to see you this morning. >> thank you. >> people trying to figure out if this is about the sales execution or if this is just the natural choppiness in transitioning to the cloud. what do you think? >> well, i think it's a little bit of both. i think coming out of q-3 when management set the q-4 guidance investors thought it was a little aggressive. so i think management clearly thought they could xe kus through kind of a tepid spending environment. but it also is transitioning. when you transition you go from a perpetual model where you might record a million dollar sale and all of a sudden it gets recorded as a subscription and that goes down to $100,000. so there is a transition period which affects about 45% of the company's business. >> you know, guys, oracle is a company that knows how to say i'm sorry when they screw up. and i didn't hear a lot of apology on the call. i don't think they feel like they screwed up. my sense is they really believe that the cloud momentu

is ousted ceo of sterne agee facing a probe into whether he misused assets.s, boats, and condominiums may have been misused. nissan and honda are recalling almost 3 million cars together. the japanese automakers recalled the 3 million cars to recall -- repair flaws in airbags. recalled just over 2 million vehicles including the fit and scrv. the kevin hart comedy "think like a man too" was the big winner at the weekend box office. it took in north america. "2 jump straight" finished -- 22 jump street" finished in second place. bloomberg television is on the markets. julie hyman has more. we're about an hour away from the bell. >> gold futures are in the red after finishing higher for the third straight week on friday. joining the with a look at what is moving the price of gold, bob igeochino. we have seen this snap back in gold recently. it is really interesting after the big down year it had last year. bob, what do you think we are seeing here in terms of where we will see gold go from here? some of the impetus comes from what we are seeing in iraq. will the

michael ward from stern agee on the big news day today. >> a lot of news to digest.cb rate cubs, jobless claims here and the big payrolls report tomorrow. the dow and s&p actually hit records this morning. we are inching back into negative territory as you can see at the top of the screen. let's bring in ward mcafee, chief u.s. financial economist with jefferys and jerry castellini with castleark. thanks for staying with us. kick off with you, jerry, the europe peen central bank, the buildup was huge that was going to be the big event of the week, possibly more important than the employment report tomorrow. in your view, jerry, has the ecb delivered? absolutely. i think the question of whether they're going to pull back or wait for more information i think that's behind us now. look at -- just the idea of a negative interest rate should give investors there and here that the taps are wide open, the downside risk has been probably well established, and where is all this liquidity worth, and going to flow. >> what taps are all open? i don't see qe at all? >> qe is the