Im ali velshi. This is real money. This is real money, you are the most important part of the show, so tell me what is on your mind by tweeting me or hit me up on facebook. It is being called an umbrella revolution in hong kong. Tens of thousands of protesters occupying the streets and they are not leaving. They demand china back off moves to nominate candidates for the elections in 2015. The tactics to get them to disperse are not working. The sun is up in hong kong, the police have pulled back at least for a while. Meanwhile the number of protesters camped out as swelled to as high as 80,000 for the weekend. Its a very rare seen of discord in one of the worlds biggest financial hubs. Protestest similar 25 years ago that were violent by suppressed in the end. We have this update from hong kong. Reporter exactly how many people are out here. What i can tell you is these protest verse taken up about two miles of this severallane highway, which is usually busy day and night. Im also hear
Hang sang up 0. 5 . Modest decline in shanghai. European markets, things have barely budged there. Directionalist at this point. Waiting to see whats coming. Part of thats going to be what we get right here, a packed docket of Economic Data today. Most notably youll be getting jobless claims, that comes out at 8 30 eastern time. Economists are expecting 312,000 firsttime filings, higher than what we saw last week, that was 298,000. Something that a lot of people caught their attention last week, below 300,000. Well also be getting a key update on housing at 10 00 eastern time with existing home Sales Numbers for the month of april. As for corporate names to watch, we have retailers in focus again. Quarterly reports are due from best buy, dollar tree and sears. That all comes before the bell. Then this afternoon well be hearing from hewlettpackard, the gap, fresh market, gamestop and tivo. Andrew, over to you. Good morning. Good morning, becky. Thank you for that. Corporate news this mo
Melissa all right. Hank greenberg might be about to get a few helping hands. According to our own Charlie Gasparino, the former aig chief executive is in talks with major investors to fund his lawsuit against the federal government. Charlie is here now along with wall street journals Veronica Dagher and barrons jack otter. Talk about alternative invest . You could invest in lawsuits. Several major investors are investing in hanks lawsuit about the legality of the aig takeover. They are looking to recover 50 billion in damages. They said the way they did the deal basically screwed shareholders compared to the other deals. Steve cohen, ken langone, staun drunkenmiller are interested in rights, is right a security. You fund the lawsuit. Defray melissa that is quite a cast of characters piling on. This. This is good story. Melissa it is a good story. They all attend ad march 6th meeting conducted by hank and david boies, his highprofile attorney. David boies went through the case. Here is
That rally overnight. You can see right now at 99. 65. The dow is still within about 2 of its record close and on track for its second biggest weekly gain of a year. The futures as we head into this are looking at this point like they are up about 35 points above fair value for the dow. The s p is up by over 1 points and nasdaq up by five. We have a great number of people ready to talk about the markets this morning, including haung paulson who will be joining us in studio at 7 00 eastern time. Plus, we have marc lasry. We are former wells fargo ceo dick kavasovic. Its going to be a big show. Thank you, becky. We have Corporate News this morning, that music when you first saw becky this morning, that tweety bird song, the reason were doing that is because twitter filed for its ipo with regulators. Making an announcement in its tweet, the social networking site following for an ipo confidentially under a new law intends to help emerging corporations with less than 1 billion in revenue g
for much of the path through decades, i ve been investor. the highest calling of mankind is private equity. i ve learned when doing the interviews how leaders make it to the top. i asked him how much he wanted. i didn t negotiate, i did no due diligence. you don t feel inadequate now being only the second wealthiest man in the world, is that right? in recent decades one of the most important figures in wall street has been john mack. he led morgan stanley for many years through the financial crisis of 2007-2008. he rose from modest circumstances in north carolina to become a dominant figure on wall street for quite some time. i sat down with him recently to discuss his life story and what he sees as the future of wall street. so you spend more than 50 years on wall street and probably the most difficult time was during this 2007-2 thousand eight recession where morgan stanley came close to going under. with that the most difficult time of your career? john: no question abou