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... alleged that about one ... dollars a barrel this morning is concerned ... about a potential civil war in Libya but later I was happily join the fun that with a look at the season this year on Wall Street welcomed the news that ... I'm Kelly Evans joined ... this morning when I think the managing owner John Bussey thinks that for being here ... our correspondent Margaret Coker is in Cairo has been falling intentionally stress to all on the market what places in telethon situation Libya particular the eastern part of a country where the oil fields are located and where there's talk about ... government trying to seize back power from us and people who were Governing with ... great ... Datamonitor Bridge had to be hiding danger down and admit that Adobe TV and heading in ... Egypt and in ... the capital Tripoli and toward the Egyptian border and into the end of the year but they've been going on and we do have at ... it that the bank interim report that prohibited alleged to have at age eighteen and I took a pay back part of the area that ... had travelled and together they were to have been holding the last few days ... we don't have any airport had little to do it you have it ... right there actually have been destroyed ... so that falling into the the every now and ... the difficulty they ... didn't have a big campaign trying to ... Kigali the capital of Tripoli in others it even had to be copied for any yet but the ... bid ... deal ... our clocks absolutely and Ghadafi has had absolute power for years he also has some chemical weapons left over from the nineteen eighties Jay Solomon strutting about this in today's paper is ... is is there a discussion about the possibility of an even using data me that would be ... an extraordinary escalation of conflict there ... write that with the next Britney and Billy stimulated by their leader had you haven't adapted section again a ... rival bid on the game and don't ... know when did the Arab world one to be that have been among the baby and you are trying to figure out and what you get the country rate now ... at ... megadeal but in talking to me that country into the game to ... give it a ... lot of people that in the capital be like a given that they had been bid up the mountain and capital ... to get like that ... it ... added that the Peter Ghadafi with ... them forty two years he'd ... like ... to think that give him anything they ... aren't the only ... does he have dessert altitude to suggest a slight suspect against a wall to see a slight on the matter what work ... is the possibility of a ... of a vacation for the rest of his life to another country isn't even as they were even open door ... I don't think it's an open door again to be tempered and I am and I'm not a big share of the decree with ... an Arab government here today to ... be taken ... out of ... it they are being ... asked that no one who had very close election in the Arab world right now with Ghadafi and and and and I'm talking about it apparently happened to them ... in the country ... so ... if ... you cannot carry the baby think it might be ... when I can come ... when the deal even were ... the bridges all at ... the top of the head ... for this morning ... let's do a quick check the markets and Paul vignette joins us ... on said isotope you for watching will prices and the Nymex's ... was ... for manliest earnings Tuesday that today but Stock futures advance really is a welcome spot on with U S is talking about ... the right of the Nymex crude that benchmark that's back over hundreds over one o one ... the Brent crude was ... up from one fifteen that was up around one twenty yard strike the earlier you can see that there ... I mean you know with the situation in North Africa the Middle East if he keeps evolving keeps getting more violent ... there were some door fee is in a bid to be some anti government protests in Saudi read the at the foot the early splats was that hasn't materialized ... to show the level of the year that there is about the situation and how that's really drive the market right now the disruption the actual disruption ... to oil supplies is not significant in ... this ... goal write your Korea Libya does the light sweet crude grades but doesn't win out or talk and ... high quality oil but the U S Europe wants for jet fuel manufacturing right right but I mean the ... bigger issue is just that the Global's the deal stockpiles or fall ... in the production the loss of production in Libya can be absorbed ... if they if the unrest the revolted some morale Saudi Arabia primarily some other Peter producers ... then you really been a secret offshore and Saudi Arabia and they're celebrating the King's return the country after medical leave ICU's reserve rate of thirty seven billion dollars upon ... us I'm sure that helps and that they have to increase oil production has been put into the off about something going and sunny review because it is that in the back of the Dow ... are putting ... stakes are much appreciated ... well the book are what your order Brett Philbin to settle with your sick Comptroller Thomas DiNapoli has details on bonus season this year and Wall Street of the Cuba for joy to step right up with all squeezing here ... on time I'd like to start with you I knew reported that and in general ... Wall Street Cash bonuses fell eight percent ... last year to add twenty about twenty one billion dollars total is that a reflection of the change in Wall Street is a reflection of a change in in the nature of compensation ... it's really were to change the nature of compensation we track of the cash bonus pool ... with them for about twenty five locals to thirty years ... the boastful still a significant source of revenue the state has the fifth best year in terms of the total bonus pool ... that is down about eight percent of Mr. ... Mormon emphasis on deferred compensation ... of more business and higher base salaries so that reduces the cash bonus pool ... I think those changes long-term are good ... for the industry with the state in terms of the revenue that we have to track less volatility ... I think would be welcome Brett it's interesting because this figure and cash prizes doesn't include a lock of putting estimation deferred compensation stockoptions is Compensation on Wall Street actually up ... overall confirms that the financial statements across the board is actually up six percent from last year ... along these firms in their statements have deferred comp in there so you can ... the cash portion of the trek to the comptroller's office ... his defence that numbers altogether so ... that Macanese numbers will be skewed so-called overall is up ... so well that trends are changing and it's not like we're seeing a lot of payouts to lower wage or so into for taxpayers to barf reflecting back on two thousand eighty nine ... any man attacks on so wedded to ... bail out Wall Street firms ... of Choubey fuel some degree of confidence that ... that construction of compensation that you describe ... makes executives more accountable for what they do with their competence ... and it is that during the financial crisis in a couple years ago a lot of traders and bankers would give me that's good trades for short-term gains you know I do these trade on the is a ... bonus this year and now he's ... not employees of Wall Street have to be a look at what went on to get these payouts a couple years from now so if you don't mind any ... banks that Morgan Stanley for example sixty percent of the compensation is now ... don't deferred category so really ... no reason to how these people who bought the business and time it's interesting because cash bonuses bonuses Wall Street Compensation gentle care source of revenue ... for dear Study for New York State as we see these figures coming down how much the concern is that ... when you putting together a budget when you look at it the first deadline to get something ... well with with with their estimates of compared to the vision of budget estimates the thing for the current budget proposal is is based on ... the Gulf state into a large extent the city ... what's coming in is on track with what was anticipated some of these changes we've been projecting for a while so ... the good news is this not taking a bit situation worse ... then this is that there's no windfall here it's not going to make the budget choices ... have to be made between only offers an easier ... if they can ... especially when you're talking about taxes there is reported to ... the New York Eye of the partnership in York City yesterday saying ... look we feel we have this millionaires tax at a different couple of years expires this year to their segments drive people out of the city does that is the concern that as is New York looks like other states to raise revenues increase taxes or attack you ... it's especially given him her ... active in Wall Street right people elsewhere ... the tax deal expired in this year and most of the debate the hurdle with the the has a nonstarter to extend it ... so you know will see what happens between now and the first to sleep run to close the budget but I think the overall messages ... Wall Street is back back from up from some very difficult they is a lot of help from ... taxpayers and national health that that that word activists condition ... overall compensation would we agree that figure of about six percent overall up ... competition is done in the way now ... what's more of an emphasis on long-term sustainable profitability that's good news for the year Wall Street is backing of great and ... I got the irony that Tom if you like the New York City is only seven percent of the tax but you know when when it was thirteen percent ... that number keeps coming down its depend on ... how Wall Street banks to going for in a ... letter dated there's that is that's an open question and so the stiffer competition will realize the benefit down the road Zalbin tracking in ... the prior to the meltdown for the state ... which on the twenty percent were revenue stream coming from Wall Street notes about thirteen percent so stately a restructured ... economy force right now ... from my point of view if it's predictable and steady ... and consistent that's been the peaks of Balwas witthout over over the over recent years I was happily Brett John the Cottret much for joining us on that this morning finally back your four pm wrapped addicted that one Domus that Wall Street Journal and Kelly Evans have agreed that ...