Morgan Stanley's Credit-Default Swaps, Outlook

Sept. 30 (Bloomberg) -- John Guarnera, a financial analyst at Societe Generale, discusses Morgan Stanley's credit-default swaps, which are being priced in the CDS market as less creditworthy than most U.S., U.K. and French banks and as risky as Italy’s biggest lenders. Guarnera, speaking with Erik Schatzker, Jon Erlichman and Deirdre Bolton on Bloomberg Television's "InsideTrack," also discusses the outlook for third-quarter earnings from Morgan Stanley and Goldman Sachs Group Inc. (Source: Bloomberg)