markets continuing to drive not just the equity trade. it is a four-month low here in oil. morgan stanley shares lower free market after revealing a filing that philadelphit would have to nearly $10 billion. this, as investors wait to take action on one hundred bank around the world. disney also beats on stronger theme park results vmt and the green mountain draw continues. the chairman getting ousted to meted margin callings. the stock taking another leg lower so far this morning, carl. listen, the u.s. can not shake often the longest since april 10th. plight cal uncertainty in greece for a third consecutive day. also have concerns about the health of spanish banks. simon ho board of arbitratibbs . and people are focusing on what the spanish are intending on doing friday. you know the spanish had a property bubble the same as america did. what they re saying on one hand and what the report is suggesting they ll do on friday is saying you ll have to raise from 7% to 30%.
general electric, it s a credit rating cut at moody s. big blue downgraded by bank of america a day after hitting a fresh record high. mcdonald s taking off the conviction buy list at goldman sachs. replaced by starbucks. they say it lacks near term catalyst. eddie lam pert, if you missed it this morning, shame on you. on squawk talking market risks and the turnarounds of jc penney s and sears. steve liesman has details. good morning. good morning, carl. treasury secretary geithner at a speech to the economic club of chicago making a very political speech this morning saying the government must be, quote, willing to do things not just cut things. again, just one of many digs at republicans. saying the he says geithner labels the gop economic plan a dark and pessimistic view of america and repealing dodd frank is a recipe to make us a declining power and a less exceptional nation and using words used by the gop for the vision of america. government he says is a criti
levels on all the major indices. for that we start with president obama s tax plan. he s expected to propose to cut the tax rate, but with the lower rate would come the we re going to break down which sectors will benefit. christie to buffett says shut up. if the billionaire wants to pay more to the government, he said be my guest, write a check. relief over a bailout disappears. as melissa just told you, and greek stocks the question is what about the credit default swaps? disappointing earnings last night. saying don t chase the 24% rally. what does this mean to hewlett packards? if you re randing stevenson, it means you re going to get a pay chuck. we ll have the details. later the the plan would you believe revenue neutral. it s been out is there for some time. we say ceos say it s unfair given the corporate tax rates where they are happy to go, because they are far lower. i think the problem is as soon as you hear something about taxes, you say forget it. i thi
the ron paul dollar backed by gold. now more than ever, that s what we need. ron paul is my special live guest this evening. first up, a good comeback as stocks clawed back from an early 131-point drop to end just 6 points lower on the day. the european union continues to wrestle over the greek bail just. we have mike holland. david goldman is former head of fixed income research at bank of america, now president of macro strategy.com and andy bush, bimo capital markets contributed to cnbc money in motion. andy bush, i begin with you. will we straighten out greece? will the europeans straighten out greece, will they get their bond deal, will they get their bailout and with can he move on in life for heavens sakes, it s such a bloody bore. it is. i ll tell you, larry, what the ecb did in december, flooded the market with money that took away a lot of the liquidity risk. so greece, while it s important, and yes, could end up being a calamity, is not nearly the calamity it was
[applause] thank you. good evening and welcome to the andre agassi college preparatory academy. i want to thank both of candidates for accepting our invitation to come here tonight and share their thoughts on one of the most vital issues we face today in our state education. as you know, we built this school because we believe that nothing has the power to change a child s life like quality education. without an education, a child cannot hope, cannot dream. without a quality education system, a state cannot compete. the next governor of nevada will long be remembered for the effect he has had on education. like the rest of america, and that is struggling economically. a huge portion of our state budget, nearly half, goes to education. the next governor will be called upon to make some excruciating decisions. there will be asked how much are we spending on education. should we spend more? are we spending enough? are we spending it wisely? what is being done to ensure accou