morgan goldman sachs and wall street they're basically they want to get out of the paper game they want to get out of the vienna currency again they want to control the stuff that they want to control the food they want to control the industrial metals they want to control the precious mines in this decision that was made at least by by blights my service in the end of two thousand to two thousand and seven . two thousand and six because they know that the whole model of credit derivatives is going to explode you don't look at the g.p. morgan she saved the bank she said to t.p. morgan bank because her and her team then had the expertise to see that all this model of credit default swaps all the algorithmic smallville were fake were false so they didn't went into the toxic into sue prime's that's wired to read that book written about jamie dimon called you know the last man standing of course i mean they knew this look at the whole thing has got to explode so did they were not nuts the g.p. morgan chase didn't want him to surprise toxic stuff so down there claimed the right hook line the

anybody on wall street is going to pay the price?> here who has paid the price, working americans. not wall street or people in political circles. this is very disturbing to most americans. we were not set up as prosecutors. we were told if we found violations of law we were to turn those over to the attorney- general. where we found information, we referred it to the proper authorities but it is time people step up. prosecutors take a look at the evidence gathered. we need justice but the right kind of justice is that people understand who is responsible and we are very specific. people like alan greenspan who did not believe in regulation. there was lack of accountability that that's at the community level people, took loans they should not have taken, but at the end of the day it is the people on top who sought positions. i think the american people are entitled to know the facts and the real lesson is we have built -- in nomy where1980 in 1980 -- over one-third of the corporate profits were in the financial sector. one point i wa

"the wall street journal report." i'm maria bartiromo. turmoil in the middle east. rising oil and gas prices. is it enough to kill the bull market? >>> a standoff in the midwest. labor versus the government in wisconsin. over the right of collective bargaining. is this the canary in the coal mine and what it could mean for organized labor across the country. >>> and making beautiful music with the renowned conductor. culture, commerce and the sounds of music. my discussion with valery gergiev. "the wall street journal report" begins right now. >>> this is america's number one financial news program. "the wall street journal report." now, maria bartiromo. >> here's a look at what's making news as we head into a new week on wall street. it's oil, oil and more oil with a little bit of prices at the pump thrown in. the rising wave of dissension in the middle east sent oil prices above $100 a barrel this week. an increase benefit $20 from a few weeks ago. that in turn sent gasoline prices shooting up as well and spurred co

, "the wall street journal report." now maria bartiromo. >> here is a look at what is making news as we head into a new week on wall street. u.s. employment rose far less than expected in the month of january, but the unemployment rate fell to the lowest level since april of 2009. the department of labor says the u.s. economy created just 36,000 new jobs last month. that was way below the estimates of 145,000. the government said severe weather may have played a role in the weaker than expected number. but the unemployment rate is now at 9%, the lowest in nearly two years, because there were fewer people in the workforce. jobs were top of mind for federal reserve chairman ben bernanke. in a rare appearance before reporters at the national press club, mr. bernanke gave a more upbeat assessment of the economy than he has in recent months, but he also said that the economy is still in a deep hole, and that it will take several years for employment to return to normalized levels. the markets smashing through some major mile

he said you have to take care of wall street and main street. wall street has been booming lately. we did not think we would put someone in office who would just keep these wars unended. about his cheap -- a speech to the u.s. chamber of commerce, if you want jobs to come back here, it is very simple, tell corporations to sell products back in america. host: here is a blog posting about corporate social responsibility. hamahost: franklin, ky. mike is a business owner. good morning. what do you think? caller: i come at this from a different point of view. i do have an obligation to my employees. i owe my worker something, but at the same time, the federal government has created a situation with high taxes and high regulation that made it very difficult to turn a profit in today's world. i let go of 28 people this past year. i did not want to do that. each and everyone of them had families and were hard workers. but with high taxes and government spending, we cannot maintain and keep our companies up unprofitable and hire people and pay our employees as long as the government keeps w

, "the wall street journal report." now maria bartiromo. >> here is a look at what is making news as we head into a new week on wall street. the first shots have been fired in the battle of the 2012 budget. president obama releasing what he calls his cut and invest agenda, which projects an annual deficit of more than $1.6 trillion for the fiscal year. the president's proposal would freeze discretionary spending, reduce pentagon spending and increase education, infrastructure, and clean energy allotments. it does not address the fast growing and expensive programs of medicare, medicaid, and social security. >>> the marks took a breather early in the week, but the rally kept on rolling midweek. by wednesday, the s&p 500 doubled its lows of march 2009, and the markets hit two and a half year highs. >>> convicted swindler bernard madoff has granted his first jailhouse interview. madoff telling the "new york times" he never thought the collapse of his ponzi scheme would cause the sort of destruction it did to his family, an

wall street is fighting an excuse. on wall street. but this is all on the heels of what is a difficult time coming out of europe. it is like a roller coaster. but sure, it is like a roller coaster. china is and middle-class. it is roughly 25% of their population is middle-class. worked out in indonesia where the poor people are starting to say, look up we are paying more for food and everybody is even it is set for us. that is the big story. port people and inflation. but let us come back here at home. pyrrole is saying that more people are being paid which is great news. >> that is on the private side. keep in mind to it that they are still going to fire people and laid people off. the private section is doing its job. >> time warner jumped today. ballot good story today. they shared the last three years. they're doing what they're supposed to do. i want people to know it is all about sopranos and sex in the city. sarah jessica parker. that is a billion dollar franchise. they just keep releasing with is. time warner is a very well re

are a complete joke you know when he says that that wall street is also reads even for investors does he have some points there and like you mentioned the fact that the banks have to know what he was doing. oh absolutely first of all no i wouldn't call the regulations a joke the new regulations but they're not nearly enough and you know you always go to a guy like bernie made off to find out how to get around something and is it easy to get around and i think that there are ways to get around the new regulations and i think he would know that i think that in terms of other people knowing what he was up to as i said like morgan chase. they should've known there were certainly every reason for them to know and in terms of defrauding investors look there's no question i mean we have to be careful what we say on television about individuals but if you go through as i have done and read the testimony in the evidence on let's say a i.g. which is a company where i used to work it's illegal to make false statements to investors on an investor carl and yet there is evidence after evidence that

-- "the wall street journal" sang at the system just cannot handle the capacity. insurance companies are required to sell insurance. people say, i was a stupid penalty. it is cheaper than purchasing the insurance -- i will just pay the penalty. it is cheaper than purchasing insurance. there are growing number of people who know they are going to need medical care and the payout for the insurance is five times more than the premiums they are collecting. over time, insurance companies cannot sustain that. what are the incentives we are setting up? how can we set up incentives to encourage people to purchase health insurance that works for them, let the states decide their own programs, and do it in

three wall street speculation here to discuss it with me is anthony rand as a director of economic research for the reason foundation anthony thanks for coming on a suit and i will wait here that prices are going to start rising this year which means they're going to be higher than they already are how much of a rise can we really expect what are people predicting obviously depends on exactly what the products are talking about the last time we saw a price rise like this two thousand and going two thousand seventy two thousand and eight the price of my pizza went from five dollars for two slices in new york to you know five fifty for two slices so it's going to be incremental you're not going to see prices double by any means but it's going to be noticeable particularly on food since food stuffs typically are the leading indicator that's for when commodity prices start to go up that's where the prices first start to get hit and if you are a low income individual america already struggling in the midst of this recession you're probably going to notice your food bill going up more this year i

blame for the economic turmoil that got them into this in the first place where here because of wall street reckless gambling angry ok that is why we're all here people are suffering they also argue the white house rescued the banks leaving the people to drown his comments about we all have to tighten our belts we're not particularly helpful president obama will not win two thousand and twelve without states like wisconsin and he should be here standing with the workers this lack of solidarity is only strengthening these workers commitment to their fight status that. as outrage spreads across the country it may be just a matter of time until it reaches washington forcing obama off the fence and or to madison wisconsin. i'm joined live by our two correspondents they see a choice you know who's in wisconsin with us for more details now and i say i'm just curious when you look around at the signs that these protesters are holding when you speak to them is there a kind you know a unified voice as to who they're putting the blame on is it on scott walker is it on wall street is it all republican

the government pushes us to put our savings and retirement into wall street and they deregulate wall street and wall street steals everybody's money and nobody goes to jail and yet they are willing to take people's gas money away, heating oil. it is ridiculous. give me a break. i think what he is doing is probably just right. host: north lake, illinois. independent color. -- caller. caller: i would like to talk but two things, if you don't mind. no. 1 -- if we all take our pensions from the state and government and have them start paying for their own pension, what is the total of modeled money that we will save -- which i did not know and i would like to see cs then tell me that down the road. maybe the third guy before that -- i worked for 40 years and this is the first time i am off. i am not lazy. i am getting heavier. you get higher medical bills. i am working guy. i have been outside my whole life for 40 years. one more thing -- housing. it was not caused by the people. it was caused by the people who wanted to lower housing -- and all of us are paying for it. they are the probl

again -- pillaging wall street again. no. i look to my friend from missouri because i was listening to her, two of the biggest ponzi schemes ever in the history of the united states, $65 billion with mr. madoff and i can't remember how much mr. stanford was or the stanford investments, but billions of dollars, millions of transactions, we had testimony in our committee that the s.e.c., during the period from about 2001 to 2007, was notified 21 times during that period about mr. madoff and they did nothing. so now we finally have certainty back in the marketplace -- >> will the gentleman yield? mr. perlmutter: just one secretary and i will yield to my friend. the market has doubled and now we want to take those police off the beat when middle america is strengthening itself again? i yield to my friend from missouri. . mrs. emerson: i want to comment or add to my good friend from colorado, the i.g. said to our subcommittee, it wasn't for lack of resources since we have increased the budget 163% over the last 10 years, it wa

keep it right here each week where wall street meets main street. see you next

here's a look at how wall street will kick off. the dow opens at 12,105 after tumbling another 107 points yesterday. the s&p dropped 8. the nasdaq slid 33. taking a look at overseas trading this morning, in tokyo, the nikkei sank 126 points while in hong kong the hang seng plunged 305. the rising price of oil not only has stocks sliding, it has some analysts worried about a new american if not global recession. oil touched 100 bucks a barrel for the first time in two years wednesday fueling a second straight day of selling as unrest in libya intensified. energy companies were the exception to the downward trend cashing in on supply fears. traders will continue to track oil prices today along with weekly jobless claims and durable goods data. hp's lackluster earnings were the biggest drag on the dow and the tech sector. ford is recalling nearly 150,000 '0 a 5 and '06 f-150 trucks over driver's side air bags that could accidentally deploy. fidelity says workers are steady setting aside cash for retirement pushing balances for a ten-y

afford to pay teachers a middle class salary anymore so who do you think is to pay too much but wall street executives who got bailed out and paid them selves of billions of dollars are the average teacher was constantly takes on forty five thousand a year plus of care in a pension which one of these people can the american people no longer afford to support with their tax dollars but wall street executives and major republican donors who gambled with our money and swindle our nation into a depression are the teachers in wisconsin minor but not irrelevant democratic donors who educate thousands of our children and prepping for jobs in the future it's pretty obvious stuff folks i mean out of all that the average teacher with his or her salary of forty five grand is paying an x. rate of around twenty five percent plus around thirteen percent in social security taxes yet most of the wall street banks there's got a special break in the bush tax cuts so while the average income for the top hedge fund managers and wall street is two billion a year these guys only pay a tax and income tax of fifte

. >>> wall street's çunstoppable valley.he seemingly unstoppable rise in the price of gas, and the responsible rolls royce. your early morning business headlines are straight ahead. >>> plus, he has created a whole new image for himself on the big screen, and it's selling like hot cakes at the box office. >>> coming up, a 20-year-old makes history at the daytona 500, and kobe bryant puts on a show at the nba all-star game. you're watching "early today." >> good morning, and welcome back to "early today." i'm veronica de la cruz. here are some of your top headlines this morning. a marine scientist warns the bp oil spill has decimated life in parts of the gulf of mexico. there is crude remaining stuck at the bottom of the sea floor. she also disputes an assessment by bp that the gulf will recover by the end of next year estimating that microbes have only consumed about 10% of the leaked oil. >>> texas lawmakers are expected to approve a law soon allowing students and professors to carry concealed weapons on college campuses. i

also coming up, in a matter of days, wall street's roller coaster from happy days to doom and gloom.our early morning business headlines are straight ahead. >>> plus, chris brown is now not only allowed to get near former girlfriend reana, but he can legally talk to her again. >>> coming up, another first for the clippers blake griffin. life after çcarmelo begins for the nuggets. you're watching "early today." co >>> good morning, and welcome back to "early today." i'm lynn berry. here are some of your top headlines this morning. rahm emanuel has won the race to be the next mayor of chicago. former white house chief of staff netted more than 55% of the vote yesterday, allowing him to avoid an april runoff. >>> despite eight straight days of massive protests, wisconsin'ç republican governor is standing firm on a plan to cut collective bargaining rights for most state workers. in a speech last night, scott walker warned he would lay off 1500 public employees if his proposal is not passed by this friday. >>> we are learning more about the tragic death of four americans killed by pirate

"the wall street journal" reports that wall street banks and securities firms paid a record $135 billion in compensation last year. that's up almost 6% from 2009. >>> larry hagman is returning to southfort for a remake of the soap "dallas." hagman, who played j.r. ewing, was the bad guy oil baron. also signed for the series pilot are two "dallas" veterans, linda gray and patrick duffy. the story is around the offspring clashing over the future dynasty. there's no word on when the pilot will air. it was on the air for 13 years. and tnt is apparently the one resurrecting it. >> everyone remembers who shot j.r. that legendary cliff-hanger, right? >>> when we come back on this wednesday morning, another cruise ship runs aground. >>> plus, looking live at downtown chicago, snow still coming down. we'll get an update on the storm, live from accuweather. >>> plus, the latest study on coffee's brain-boosting power. more helpful for one gender than the other. added sugar in their juice. that's why we make ocean spray 100% juice. it has plenty of natural goodness, but there's no added sugar. so sa

on analysts and commentators have noted that there was an editorial in the wall street journal last week saying that the u.s. should be involved in helping the libyan people overthrow gadhafi and you know the law street journal obviously representing more pro-business points and points of view and all of these are kind of reasons that people point to to say that yes this would be about us corporations and oil and not about democracy or about helping the people so we have to obviously follow the money trail there and also connect those dots and what we heard are some very scary numbers on the x. rays that you interviewed in regards to how much well prices could actually spike i mean we heard the numbers two hundred two twenty being thrown around what would actually cause the prices to skyrocket so much because we did see them sort of settle back last week. we did we did we saw the impact of speculation and how that can cause a spike in oil prices analysts that i've spoken to said that nobody saw the spike in when oil prices last week coming and that it hit you know one hundred dollars a b

the most these other states is because alan greenspan didn't know how to run the economy and the wall street boys ran wild if we didn't have this worst downturn since the great depression. they'd have four billion dollars more in their coffers there would be no budget issue whatsoever you know the data actually pushes back against because if you look at spending in wisconsin from two thousand and two to two thousand and eight basically the boom period in the last decade their population plus and inflation grew at a rate of twenty three percent but their direct spending grew thirty seven percent i think it should be about thirty seven percent this speaks to them spending unsustainably their budget is the way that it is because they thought that the good days were always going to be around that there was not going to be a downturn so yes i mean we could absolutely you know this is the good days are over right let's put it that way right now no you know what i was very very clear is not necessarily a good situation we have a very bad it will be i've worked on it because you think that what we'r

that was sitting there, doing mathematical equations for wall street. >> take the scientists on wall street and send them back to the laboratories. next question. >> who was r. emmett tyrrell, sr.? >> my father and he was a salesman in chicago. and, more interesting story, is who was p. d. tyrrell, the u.s. secret service agent, the head of the secret service in chicago, in 1876, he broke a plot to steal lincoln's body and, down in springfield and in my library, i think you have a picture of it, in your archives, in my library, in alexandria, we have a great picture of -- given to my great-great-grandfather, p. d. tyrrell, the u.s. secret service by robert todd lincoln for distinguished service in defense of of his father, abraham lincoln. so i would point out that in a recent run for the mayor of -- recent controversy over rahm emanuel, his residency, i laid claim to being as much a resident of chicago as rahm emanuel and i thought, the two of us, in a spirit of bipartisanship, should have gone before the illinois supreme court and defended ourselves. he utterly ignored my case and i

we are seeing head down day on wall street.far as the temperatures go we are doing better than we were yesterday. san francisco is warmer. it still chilly. mr. day was beautiful. we will see what we can do with sunshine. this big storm is expected at the end of the week. >>mark: at tech stories, and motorola's suit has a price tag and a release date. the tablet is expected to be the first real competition for the high tide. gabe slate has a comparison. >>gabe: the zeroth tablet is available for pre order on best buy website. it is officially on the market this wednesday. edes $800. if you sign up with a two year three g data planned with verzion it will give the tablet internet anywhere. if you sign a contract with verzion to get $200 off of the hundred dollars making is $600 you have a $20 amount that a plan to pay for. i pricey gadget, is it worth it? other models are $729. this one has the benefit of having to cameras. one on the front and one on the back. the bypass has no camera. the zoo lets you expand your storage up to

this sentiment has grown even stronger as americans remember wall street not being similarly fnord when its actions spun the economy out of control but we allow the right wing media and the glenn becks of the world and these kinds of folks in the world to convince us that this problem is about state workers and not about j.p. morgan chase jamie dimon got seventeen million in bonuses. everybody is ok we're here because of wall street reckless gambling angry ok that is why we're all here people are suffering as defensive protesting turn in two weeks the realization of being left to fend for themselves this hit many when the president took office there's this feeling that some day the president is going to come in and just see everybody people feel that way and want to feel like they have to fight for themselves and some are beginning to stress if the massive uprising continues to be ignored the tide could turn on obama president obama will not win two thousand and twelve without states like wisconsin a middle class that was forced to rise up is not going to get tired even if the media get

so why isn't wall street paying more and why aren't they being asked to contribute more to health plans because the government would prefer to buy their pay or muffin and bailing out the upper class probably pays ninety percent of the taxes or more in new york city and new york state it's probably the same thing in wisconsin i don't know the numbers but i think everybody's paying for it paying to keep the government moving so why are there isn't one whiles out that if it if it seems like so clear cut to you why is everyone so in a fit right now where people don't want to give up what they've got were it not for the news coverage and or the social media and i'm not saying it's bad but we're not for the that type of coverage. we it would not be either of these things either the middle east things or the things going on with the states would be quite as hard as they are no matter who you think should be paying for the distressed economy the bottom line is that if you ask a middle class to relinquish benefits it's only fair to ask the same of the upper class as well. and a top u.s. commande

if the wall street status quo continues to go unchecked will the u.s. seen other crash and here's what some of you had to say on facebook crystal green says it quite obviously it's inevitable and unchecked wall street is a dangerous b. pauline murphy tweeted her response saying that another crash is inevitable if things carry on as they are it will be a worldwide crash. from which some will never recover and we also heard from some of our youtube viewers trademark sixty six says we live in a boom bust cycle the banks build it up so they can tear it down a mop up the profits it's similar to us foreign policy dirty flyer wrote of course we'll see another crash except this time i think it will be much worse than anything seen before the wall street bankers did not get hurt in the least by the current recession in fact most are rewarded so what is the incentive for them to do anything different now of course as always thank you for sending us your thoughts we appreciate your responses and here's our next issue for those of you at home by now most people hav

it also includes "the wall street journal.""the wall street journal" since murdoch has taken over, while it's certainly still remains an excellent paper, has considerable leakage and what they are covering and what they are now doing and what they used to do in and their golden age is gone as well. but, i don't see, as against the grand notion that it is not good for democracy. you have listed what seems to me nitpicking and haven't addressed the big grand issue about whether the "times" is good for democracy or not. what i heard like this gentleman here is they didn't like the coverage of the the catholic church. >> i want to get a couple more questions in. >> i think it is more than nitpicking. >> hold on a minute. let me get a couple more questions and then answer fred. anyone else want to ask a question? >> henry. henry is required to ask a question. it is in the city charter. [laughter] >> you did nasa question which i think is very important which constitutes rule 18i in our rules, and that question is is it good for the

. >> and now here's an early look at how wall street will kick off the day.e dow opens at 12,233 after gaining 71 points yesterday. the s&p inched up 5 points. nasdaq added 13. taking a look at overseas trading this morning, in tokyo, the nikkei shed 18 points while in hong kong the hang seng tumbled 320. >>> toyota officials are breathing a sigh of relief after a ten-month federal investigation concluded that faulty electronics did not causç toyota vehicles to accelerate out of control. a federal probe confirmed toyota's own findings for which it's already recalled 8 million toyota and lexus cars fixing sticky gas pedals and improperly fitted floor mats blamed for unintended acceleration. toyota shares were up this morning in overseas trading. >>> on wall street, the dow notched its seven straight gains tuesday, its longest winning streak since july. china's not so surprising interest rate hike to keep inflation in check had little impact on stocks. traders shrugged off the latest data from the labor department showing employers posted fewer jobs for the sec

the pc maker blew past wall street's earnings expectations after the bell.nally, a chicago public radio station says it's found one of the most closely guarded trade secrets in the history of commerce. coca-cola's secret recipe. in an article in the atlanta journal constitution from 1979. the article quoted a notebook belonging to the best friend of coke's creator. coke keeps its trade secret under lock and key and denies that they've uncovered the concoction as the real thing. >>> jordan watches the bulls. another dish for nash and a coast to coast last minute game winner on the ice. plus, this season dwayne and lebron seem to be able to hook up with each other from any spot on the court. your early morning sports headlines are straight ahead. >>> great weather covers much of the nation. the exception? the west coast with rain, snow, and wind. your wednesday forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." in sports, one of the chief concerns after the nba's miami heat signed up so many

only one, peggy noonan says wall street wins. are you that sure that the government wins a showdown? >> the key distinction is between the president and the democratic party. senate democrats are not looking good. it is perfectly possible that if this all falls apart that empeople will blame the parties. president obama is in a perfect position to do what he has been doing since december, which is to put himself above the argument and find the compromise. bring the parties together and get the big compromise. he turns out being the savior. chris: you don't want to be the one who is absolutely rigid on this. i think this one is an easy one, but i am not sure after all this talk on cuts. what will be a bigger issue when the voters go to the polls, when president obama runs next fall, what will be bigger, who who will cut government spending or jobs? >> it depends. the spending argument may prevail over jobs. if spending levels off, then jobs come back to the fore. >> american voters vote their pocketbook. if they don't have jobs, t

not too many people have a character done for them in "the wall street journal." he is an expert on homeless policy, and it is a shame he has not been appointed to a committee yet in san francisco. i think this is really his seizure to be given an opportunity -- his year to be given an opportunity to show what he can bring to help a homeless, because he has a passion. he attends regularly, and he was not just talking the talk. he really does walk the walk as well. >> is there any other public comment since? >> ♪ our shel birdbaths in -- sheltered paths may never cross again ♪ ♪ bring in the sheltered son mccain -- sunshine. won't you fix up the shelter world ♪ ♪ i am so glad this item added on for all regions -- did unfurl ♪ ♪ and i would not have missed this item for the world ♪ ♪ ever since this item did unfurled, take it up for everyone that needs it in the city ♪ and fixing up the shelter world, city ♪ >> good afternoon, supervisors. i am not seeking reappointment right now you're your region right now -- i am seeking reappointment right now. if they are taken

the wall street explosion was not just the first car bomb it was a terrorist blueprint. and the car bomb would next appear in the middle east in palestine in the violent struggle over the founding of the state of israel. in the one nine hundred forty s. palestine was under british rule. the majority arab population were opposed to a jewish state. the same time extremists jewish factions like the stern gang waged a terrorist campaign against those who they saw as enemies of the future jewish state. arabs and british troops. stern's organisation. freedom fighters of israel were determined to drive arabs out by terror from what wacky saw as their rightful jewish homeland. who started the first car bombing here in this school. whose two whose decision was that the old school racial. it was the headquarters of the five people. left he were opposed to any deal with the arabs by the mainstream jewish leadership led by david ben-gurion. and planning car bombs was a short cut to provoking all out war. on january the fourth one nine hundred forty eight left he struck. their target

whether it's general electric or ibm, wall street is where businesses come to raise billions of dollars. but convincing investors to buy in isn't easy, especially if it's into commercial real estate. in 1991, milton cooper did just that when he came here to the new york stock exchange. by using securities called real estate investment trusts, or reits, he got the cash he needed. and he let the general public get in on the income generated by his growing portfolio of strip shopping centers. his success helped bring about the modern reit industry, now valued at hundreds of billions of dollars. but at first, it was a tough sell. to find out why, let's turn back the clock. the 1990 recession hammered real estate hard. banks cut lending for all real estate projects. making things worse, the tax reform act of 1986 wiped out many breaks for investors in commercial real estate. they were tough times for milton cooper's shopping center company, kimco realty. deeply in debt, the firm badly needed to raise cash. >> real estate is a very capital intensive business. and we watched the manic- depress

the big board itself was the big news on wall street today. the new york stock exchange is being bought by germany's giant exchange, the deutsche borse. and tom, this marks a new chapter for the 200-year-old american icon, and everyone here was talking about it. >> tom: susie, the combination creates the world's largest financial market, with a presence in more than a dozen european countries and the u.s. the all-stock deal is valued at roughly $10 billion. deutsche boerse will have a 60% stake in the new entity, the n.y.s.e.-euronext will hold 40%. the 17-seat board will have nine members from the german exchange and six from the big board. >> susie: but the two exchanges have yet to decide on a name for the new company. and that's just one of many unresolved issues for this historic partnership. suzanne pratt reports. >> reporter: it's billed as a merger of equals, but no matter how you look at it, the deutsche borse is buying the new york stock exchange. yes, today's news conference took place simultaneously in germany and in new york. stil

so his feet on wall street about love by the view is the kaiser report up next here on alt. i am max kaiser and this is the kaiser report you can sum up the entire global situation in three headlines one we've got wal-mart of weed yes the wal-mart of we is looking to go public in america number two you've got another headline here that thirty five states are now reporting decreases in payroll and number three consumer confidence is up in america it's a payrolls are down but it gets given to people of dough they'll intern of munchies like potato chips and twizzlers to boost g.d.p. it all makes perfect economic sense i've calculated that you need to eat approximately thirty seven quadrillion twizzlers each of the next twelve months to balance the budget let's go to stacy or. i max i like the way you put this on our website max keiser dot com he said what teens called animal spirits has been replaced by the munchies but you know it's not just potato chips and twizzlers there's also bath salts headline reads bath salts a growing drug problem officials say so police say they are