in the abstinence education thing that is like oh my god if a teenager has sachs or girls have sachs that's really terrible. most of it is about how they are not virgins. >> guest: all the talk is about girls and women controlling access to sachs. i was amazed by the ads and i try to imagine that if there were ads for birth control for women that look like ads for man people would go crazy. it would be writes in the streets. you can't talk about sex that way because there are women involved but from an it's okay. >> host: maybe you can answer the question what is the story of the two people that separate bathtubs? what are they doing? >> guest: you want to get into the same bathtub, that's the key. i don't know. >> host: i assumed they were in the two tubs because they had already had sex. >> guest: if you want to get into that other tub you have to have. >> host: isn't a very good ad if that is clear. let's see, the ethics of experimentation, let's talk about that, how the pill was perfected quote unquote and brought to the market. i was very interested in how different the efforts

it is partners leak in goldman sachs. they have access to a private fund to allow senior employees of goldman to invest and close the health companies without having to pay extra fees. big bucks from this over the last five years and collected around $126 million just for investing in the private fund. i want to bring in erik the other story, but it still pays to work at goldman. >> it certainly does. does not pay as much as it used to. ways to look at it. there are only about 400 partners at goldman sachs. the second smallest -- nevertheless, it pays well and you get this opportunity to invest alongside goldman sachs in a select private equity with no fees. that is not compensation. it is a perk and it is your own money. there are two ways to look at this. goldman sachs relative to the rest of the street. morgan stanley, bank of america, citigroup, or goldman sachs relative to the greatest wealth machine man has ever made it, private equity. andou are working graduate you are doing two years as it at goldman, where do yo

interested in participating in the loan with goldman sachs. so as you know, we have a tifia loan, that closed in 2010, and this is and the state owned parcel and over time, over the next 36 years, until 2050, it is expected that this will generate over 950 million in revenue, and it is a great long term repayment source, for a long term loan like tifia with a 35 year plan and, we have a rating for a 35 year loan with tifia and it is not a mature, credit, yet. though. and we received our first tax increment this year, about a million and a half dollars over the next four years, until 2018 and it has paid it that we will collect about 9 and a half million in net tax increment and so not enough to go out for a short term loan. on our own and be solely backed by tax increments. and the tifia loan does have conditions for disbursement and the two key conditions are selling 429 million dollars worth of the former state owned parcel and we are at 222 million now with the sale of parcel t, last year and 2013 and the block, 6, 7, this year and we antic

the time when i started at goldman sachs.ow, i had been courting and had been courted by goldman sachs for three years before i got a job in what was then called security sales. helping individuals in small institutions manage their money. i got a ton of the history of those years, as well as some of what i had talked about earlier in "the confessions of a street addict." that's not what tonight's show is about. tonight's show, like every "mad money," is about learning how to trade in investing by studying with me at the university of hard knocks. not just to give you a kind of cool, funny stories. now, i will dispense with the anecdotes tonight and try to teach you how to make money from the events that transpired at goldman sachs. yeah. to build a portfolio from the ground up, and i had the best teachers in the world at goldman sachs. one of the great hedge fund managers of our time, lee cooper. lee cooperman was the research direct at goldman, and he put on an investing clinic almost every day, of which i never missed a se

>> goldman sachs says the market is four to five times bigger. they are among the most bullish on this name. you have to wonder because now it's getting priced to about 40 times earnings. there is a premium in this stock, for sure. >> confounding shorts. >>> shares of sales force falling in the premarket despite better than expected quarterly earnings. the revenue forecast next year falling short of estimates due to the impact of the strong dollar, not the first company that said that this quarter. probably not the last either. >> no. the currency problems. what do they have about 20%, 30% revenues overseas? the issue i read with analyst reports this morning is that it's getting so big that it's harder to drive revenue. that was one of the points. in terms of the expansion, it's gone into so many different areas in the clouds. >> the dollar leads to a big discussion on macrodata. you couldn't ask for a more crystallized view of what is different about the united states. our data today relatively strong compared to what the euro zone is printing,

morgan stanley, goldman sachs, citigroup.e government could have given all these firms a lot more money during the bailout they did not want to do that. what was a more palatable way of doing it? bailing out aig and using them as a scapegoat and as a funnel to bail out everybody else because once you bailout aig and aig makes good on insurance contracts on the toxic sheets, you bailout goldman sachs. liz: the entire case focuses in on it, you cannot sees equity if the government cannot sees equity in a private company are publicly traded company, it can offer a loan at fair interest rates for the interest rate was at 12% which was not necessarily fair. liz>> we gave a take it or leavt scenario. liz: but they did not take his calls to say i have china on the line. >> i don't know where this is going. they are rethinking how they're going to take testimony. i think i have to take testimony from some point. liz: sources a safe from the justice department and from the legal firms that he may be called friday to say, tweak. >> the

and a direct loan proposal which is the proposal before you today, from goldman sachs ranked the highest. it had of all of the proposals the greatest senator of execution, and they, had already gone through several levels of internal bank review and getting the initial approval before they came to us with the proposal. and it was the most cost effective of the proposals that we saw, and it is actually a lower rate than the tifia loan is, which is 4.57 percent, is the loan. >> this slide and this table shows you a little more detail about those other proposals that we received. and as you can see, in all cases, the cost were potentially higher than the bridge loan in front of you today. and a couple of them would have taken a longer time to execution, and each one either would have required the same collateral that we are going to be talking about today or had other uncertainties associated with it. and again, with the tax increment not being mature and projected to bring in $9 million over the next few years, there is not a great possibility of getting an investment grade righting on our

get to goldman sachs. big news today.dman sachs employees fired for sharing confidential federal reserve information. actually it was even covering this. the one shared. the other didn't tip off officials about the leak of that information. this just seems to be piling it higher and deeper when goldman sachs is always accused of being woven in with the federal reserve. >> too much in bed with regulators at new york fed. here is the deal talking with sources close to the matter. basically individual at goldman sachs he was fired. 29-year-old banker. he worked for the new york fed. he was close to the stress tests run by the new york fed. he circulated an email with a spreadsheet attached to it that had confidential new york fed, basically supervisory information on it. but the minute that goldman sachs found out about this, seems that they took action and fired these individuals. the fbi, the doj and fdic are still probing. there may be a senate banking hearing on this tomorrow, lizzie. liz: joe, the atmosphere on wall str

goldman sachs. s&p missed estimates -- sap missed estimates. they struggle with growth in europe and asia. we speak with the c.e.o., alan clark. dax futures up about 1.55 this morning. we may get a higher open. >> thank you very much. good morning to you. in the past four weeks, the world is wealthier. approximately $3 trillion wealthier. why? because stimulus is here. stimulus is king and in the absence of any great conviction from the fed, don't worry, there is plenty of q.e. to come. will he go on december 14? we have nato. it looks as though the geopolitics to this area are not playing out in terms of what people perceive is going to happen on the equity markets. you'll have the conversation with goldman sachs in terms of where we are. s it over? we'll see what's happening in london. bskyb. ownside you have they have lowered their profit. this is the gas networks in urope. stock down .3%. morgan stanley placed 3.5% at a price of 15.05 euros so they placed the stock just under this level in almost 1/3 of a billion shares. sabmiller, beer, be

according to a senate report which says goldman sachs, jpmorgan and morgan stanley manipulated prices. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> welcome to the show. the eurozone numbers just came in at 50.4 for november. it was expected at 50.8. the previous reading was 50.6. the composite number came out at 51.4 had. it was expected at 52.2. the previous reading was 52.1. >> and we should point out that the eurozone purchasing manager index for services came in at 52.3. that was in line with expectations. expectation was 52.3. lower than expected pmi data come out, but the services number coming in with expectations. >> euro/dollar, down 0.25% on the day. it was a little bit off the french reading, fell off the german reading. going to bring in james ashley, chief economist at rbc capital markets. james, after last week, we had gdp data which just showed the eurozone and growth. pmi data so far this morning is just more than we expected and perhaps suggest that we won't be able to stay in that growth environment for muc

. >> senator carl levin goes after goldman sachs, accusing it of manipulating the price of aluminum, effectively driving up costs for everyone, from automakers to beverage consumers, to everyone. >> why new crash tests raise troubling questions about the safety of minute minivans. we have all that for "nightly business report" on thursday, november 20th, 2014. >> it was an all anyway high for the dow and s&p 500. tonight in a primetime address to the nation, president obama will outline an executive order involving pressure protections from deportation from upward of 5 million illegal immigrants. it's frustrate with risk and bound to have an impact on american businesse john, what will the president tell the nation tonight and who exactly will be covered by his executive order? >> reporter: there are two main groups of people who will be covered, tyler. the first are the parents and immediate family members of people who already have citizenship or green cards but some of their family members do not. that's going to be about 4 million people. the second is an expansion of the categor

had a good sachs points, the fact is there is no monopoly. use companies do not collaborative tools. really there is not a major player that commands the marketplace here because most companies are very poor at managing internal collaboration. that is really primitive and inefficient for the world we are entering where companies need to innovate much faster. there is a markets. the fact people are on facebook and know how to use it is promising for this kind of product. there is another issue, companies want to hire young people. you can come here and do everything you do. that can be very appealing and i can see why companies would like it. >> how do you respond to that when you think of all the different companies that overlap in this space. is there an opportunity here? a marketis definitely opportunity. facebook is going to learn a lot of the things that we figure out. having business applications is important. >> they would give it away, keep it in mind. >> if they gave it away, is there something to be had their? >> what is the business

goldman sachs just a us -- just did this.re holding the second day of hearings today on these two bigger fail -- too big to fail banks and commodity markets. not only are the banks doing it, but the federal reserve has allow them to do it. >> what do you propose -- some separate agency? >> i think that what has to happen is the appointment by the fed in washington, not by the new york fed, but the fed in washington should appoint a blue ribbon commission that is ,roadly representative including the public and making experts, to do a thorough review of exactly what is wrong at the new york fed. you cannot have repeated egregious failures like citigroup, like goldman sachs. we could go down a long list of failures. >> failures that warrant the firing of bill dudley? >> calling for the firing of people is the thing we don't do. i don't think it is appropriate in advance of an independent investigation of what they are doing. getwill say this -- able to tired of hearing the leadership of the new york fed talking about being tough

interested in participating in the loan with goldman sachs. so as you know, we have a tifia loan, that closed in 2010, and this is and the state owned parcel and over time, over the next 36 years, until 2050, it is expected that this will generate over 950 million in

interested in participating in the loan with goldman sachs. so as you know, we have a tifia loan, that closed in 2010, and this is and the state owned parcel and over time, over the next 36 years, until 2050, it is expected that this will generate over 950 million in revenue, and it is a great long term repayment source, for a long term loan like tifia with a 35 year plan and, we have a rating for a 35 year loan with tifia and it is not a mature, credit, yet. though. and we received our first tax increment this year, about a million and a half dollars over the next four years, until 2018 and it has paid it that

sachs same time, goldman has had as much as 242 million pounds of raw uranium. is that a business it should be in? morgan stanley, 100 oil tankers very jpmorgan is a similar story. 2.7 billion in copper inventories. question again, should the banks be in this business? a we simply cannot allow powerwall street bank the to influence the price of a commodity essential to our bank,y, especially that when it is trading in financial product relating to that economy. >> some of the allegations have been out there in the past and there is no smoking gun here, no criminal allegation here from carl levin. the banks have a chance to respond. hiss will testify at hearing. regulators will testify as well. he is pushing regulators to force these things to do less in the commodity world. the fed is moving in that area but have not finalized rules yet. >> is there a specific ample the fed will highlight at the hearing today? >> he will hear a lot and one stands out in part because it affects his home state of michigan. goldman owned a company that it warehouses aluminum. we he

what is the goldman sachs view of where the ecb goes next? do we get full-blown quantitative easing in december? asked december is unlikely. i think the novelty -- >> december is unlikely. i think the novelty is this pursuit of a bigger balance sheet. mario draghi last friday why aned the reasons bigger balance sheet at this stage is important. essentially to get asset prices up and the euro down. thatnk people take from that government bond purchases are going to be more likely if the ecb were to step up this pace of ellen sheet increase in coming quarters. >> do you think it is a question of timing in terms of taking turning that qe program into one where they are actually buying sovereign bonds? if it does, is it going to be the right move, with yields as low as they are? can qe have the right effect? >> i think it would have the right effect. it offers a lot of complications. there are technical ones. we heard the legal challenges. bunch, thedeterrent us government bonds, across eu states. overall it would get spreads lower, and that shou

but the call logs showed they took goldman sachs calls. its the fed, treasury, could be a lot of weaving in here. >> yeah, the and big thing (?) is that when you hear this kind of criticism against these kinds of institutions, from democrats and republicans, particularly tea party republicans, it could mean that there could be legislation that brings the hammer down on the regulators as well as the institutions. liz: yeah. i thought the president had specific regulations when it came to the new york fed too because of this. but we'll watch this story develop. peter, thank you very much. peter barnes in washington, dc. we're 50 minutes away from the closing bell. record territory once again. some deliver and railroad stocks hitting all-time highs today like federal express, union pacific, csx, and land star in part because of an assist from china when it announced 40 based rate interest cut. ours are at barely zero. charles payne has some actionable intelligence you can't miss. want to know what the brightest business leaders are reading an

sachs moves from harold square to fifth avenue and stands tremendously, becoming sachs fifth avenue. the entire stretch of the avenue looks something like this. this is the vanderbilt mansion, the largest vanderbilt mansion. alice vanderbilt lived there. that's right across from the park. this is sachs. 1923 when it went up. here's another shot of the alice vanderbilt mansion. and this is what replaced it. and edmond goodman, who was a garment worker from rochester, new york, who founded a little tailor shop with a guy named bergdof, who got out of the business because he was drinking too much, goodman took it over. they said you're close to -- you're in vanderbilt country on central park east. but he leases the property and eventually buys it and controls that whole property there. and he and his wife lived in a penthouse on the top floor of the store. now, by new york law, custodians weren't permitted to live in a city industrial building. it's an industrial building, because women made dresses on the sixth floor which were sold in the building. but jimmy walker is a friend of edwi

we need to talk about goldman sachs.ired a banker it hired just months ago from the new york federal reserve after the banker allegedly shared classified documents that came from inside the fed. reports say the documents covered regulatory issues involving another bank that was a client of goldman's. the goldman banker allegedly requested them and got them from a former colleague at the new york fed. goldman also fired one of the banker's colleagues for failing to report the leak. the revelations come amid claims from a totally separate former new york fed employee that goldman interfered with her attempted regulation of the firm. tomorrow, trying to sort all of this out, the senate banking committee will hold a hearing on the relationship between bankers and regulators. new york fed president william dudley, who is a former goldman sachs employee, is expected to testify. looking at goldman shares, pretty flat on the session. >>> we are 31 and a half minutes before we hit the closing bell. as we mentioned, both the dow a

>> any budget increase does need to funded in order for us to comply with the goldman sachs, as well as the tifia loan agreement and be able to disperse. >> how are we defining that? >> although the board has taken no action to change the budget or the scope, the current budget and the practice does not include the full scope because it does not include the roof top park and that alone and suggested and based on what is left on the agenda, it does not look like things will term bet ner terms of freing up the space in the budget to conclude the scope in the current board approved budget and which means that the board will have to take the different action, and we know that now and at what point. >> and there are two triggering points that we are waiting for so that we can come back to the board with the revised budget. and as you know, we are working with the mayor's office to identify the funding for the elements above the water proofing basically for the above downed elements of the park and we are working on that through the possible sponsor ships or through the (inaudible) once th

i would jump on goldman sachs so fast, and next on jpmorgan. >> how much of a pullback? >> just even a couple percent. because i like where they are now, i think on any pullback into the end of the years, you have a great opportunity. >> bottom line is they're kefrd about special lators driving the cost margin calls, but also speculative action. it's only when prices go up. people speculate on things going up and down. >> >>> we have more breaking news on yahoo this time, morgue is not brennan has the details. >> yaw ma and mozilla announcing a strategic partnership. yaw should be become the default search engine for firefox. back to you. i don't think it has to do with any of the deals that marisa has been trying to transact. it's at about alibaba. i think that's what's -- i still think 55 is within the cross hairs very soon. >> i them i'm more concerned is probably 50 bucks. we said this yesterday, yahoo is a pullback, because ali babb babb, it's seven time ebitda, which is fair, otherwise i don't think you need to jump into this one. i don't think the news is signific

partner day at goldman sachs and a look at the newest class. but first joe theismann, and the stocks he's buying now. [announcer:]startup-ny. it's working for new york state. already 41 companies are investing almost $80 million dollars, and creating 1750 jobs. from long island to all across upstate new york, more businesses are coming to new york. they are paying no property taxes, no corporate taxes, and no sales taxes. and with over 300 locations, and 3.7 million square feet available, there's a place that is is right for your business. see if startup-ny can work for you. go to startup.ny.gov. female narrator: the holidays can be an especially difficult time. everything's different now. sometimes i feel all alone. christmas used to be my favorite. i just don't expect anything. what if santa can't find me? female narrator: to help, sleep train is holding a secret santa toy drive. bring your gift to any sleep train, and help keep the spirit of the holidays alive. not everyone can be a foster parent... child: ...but anyone can help a foster chi

goldman sachs' chief u.s.is here to weigh in. >> ceo of amc joins us for an exclusive interview. what he has to say about the future of television. >> an exclusive look inside jack ma's apartment where he lived when he founded alibaba and where some of the best ideas are generated now. >> with we start with the top stories and the markets. 150-point rally. mario draghi urging the need for an inflationary boost across china. could a central bank rally boost us in 2015? goldman sachs out with its new equity outlook expecting 5% higher u.s. equities for next year. david kostin first on cnbc for goldman sachs. i'm eager to get to this with you. we are clearly seeing the boost from overseas central bank action. can that provide us with more than just a temporary lift for u.s. stocks? >> want to focus on the path of the market for next year and what are the key drivers? that's likely to be the interest rate dynamic here in the united states. certainly a liquidity-driven rally around the world. that's only a positive

. >> if you make it to the promised land of goldman sachs, you get a lot more than the key to the executive watching. >> not so heavy metal. ford unveils an aluminum a version of its pickup truck. it is 10:00 year in new york city. good morning. i am erik schatzker. >> i am stephanie ruhle. erik. >> it's been a while. >> good to see you, my brother. my canadian prince. goldman,e a partner of you get more than the key to the executor of 100 > -- executive . >> there is a washroom on the executive floor. >> if i worked on one of those upper floors i would be able to use the restroom. that is me that it is time for the top global business stories of the morning. it is another record in what has been a record-setting year for alibaba. the chinese e-commerce company sold more than 7.5 billion dollars worth of merchandise in the first 19 hours. alibaba has turned holiday into eventggest shopping ever. thanks maybe five $3 million each. be fined $3 million each. among the banks involved, jpmorgan come citigroup, and barclays. a new home for some of google's newest technologies. leavempany has agre

bob hormats, former vice chairman of goldman sachs.mer undersecretary of state of economic growth. he has an idea. he will be us shortly. >> vicious malware putting hundreds of apple products at risk in china. how soon could that virus make it overseas to the u.s. an your phone? david: shopping season is just around the corner. retailers looking to cash in extra early. who is opening doors earliest? the answers are coming up. ♪ so ally bank really has no hidden fees on savings accounts? that's right. it's just that i'm worried about you know "hidden things..." ok, why's that? no hidden fees, from the bank where no branches equals great rates. hi, are we still on for tomorrow? tomorrow. quick look at the weather. nice day, beautiful tomorrow. tomorrow is full of promise. we can come back tomorrrow. and we promise to keep it that way. driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. what a day. can't wait til tomorrow. you can't breathe through your nose, suddenly, you're a mouth brea

they are newly minted. >> at goldman sachs.irm has named 78 members to its latest partner class. employees in the trading and research division makeup the new 38%. this new class has 11 women or 14% of the total. partners typically get about a $900,000 salary. investors paying a visit to twitter's first analyst day. the ceo's vision includes $11 billion in revenue in 5-8 years. 7.5%.r shares rose google's youtube unveiling a new music streaming service and raises stakes in its competition with apple. it will begin on an invite only basis next week. will be $7.99rice per month. taylor swift's music will be included. >> i'm going to rip up the script. we have a class act with us, david woo. i am dumbfounded by the media's fixation on any given firm's partner appointment. do you agree with me that it is ludicrous to single out goldman promotionsanagement and the intended compensation that comes with that versus every other firm on the street? i just don't get it. >> i'm not in a position to comment, but goldman is the only bank th

. ♪ hour,ing up in the next abby joseph cohen will join us from goldman sachs.lso, blackrock's looking at with201k, where are you retirement planning? that gets us to our twitter question of the day on retirement -- we need your many answers. how are you preparing for retirement? this is "bloomberg surveillance." i am tom keene with scarlet fu and brendan greeley. >> we go to china because they are shopping right now in china. it is november 11, their singles day. what i find fascinating, it is a completely manufactured shopping day. a couple of students in the 1990's had invented it to celebrate their singlehood. it is because 11/11, when you hold up the numbers, look like bare branches, which is a andrence to spinsters bachelors. yes, tom, i'm looking at you when i say that. what is interesting, alibaba began commercializing -- >> more of a bachelor, dennis -- than a spinster, really. commercializing this five years ago and last year he took in $5.7 billion in sales. that is more than cyber monday and black friday combined. >> it is like mother's day, right? >

i think you will see this continue. >> could you run goldman sachs today?ill, your historic , is ite desk in london feasible to do what you did five or 15 years ago? >> you could absolutely run the bank. you need a larger compliance staff. and be prepared that some level of fines will be a way of life. you need better compliance and every firm needs to be much more sensitive to this than ever. >> what makes a bank more sensitive? you love a fine or put someone in jail? -- you levy a fine or put someone in jail? >> if you got an employee that doesn't quite follow the rules -- >> what changes culture gekko do you have to put people in jail to change a button -- a banks culture? i don't agree with that at all. >> i think it's the way you higher, the way you pay, the way you incentivize. you elevate compliance. tower has 68 deviations. are we at risk with his overregulation with that lone wolf been down a bank? they are so focused on the mundane that they forget about the guy that can ruin us. at executive bank that can chew up at night, the -- that keeps you u

goldman sachs, j.p. morgan. the way they have been able to shrug off the bad news. >> phil on this veterans day. we're grateful for your service and thatle of your colleagues. curious how you see the market. >> thank you so much for that and thank you to all those veterans that are serving currently and that have returned and are transitioning back to the workforce but scott, i think we've that we've got strong economic tail winds. in the economic environment. we've gop got strong earnings. and crude oil down about 21% at a three year low. worldwide central bank intervention so why fight the tape. >> do you get worried about the drop in crude? it's four year low. certainly it helps when you, me and everybody else drives tot gas pump. but what about concerns after real demand we talked about the bear market in crude oil. and you have environmentalists that have asked for or wanted a reduction in demand of energy. and in that respect it is good for the environment. but i think for the consumer, we're coming into t

former goldman sachs jim o'neil will join us.nd traveling, you can book a hotel room for just dollars. we'll tell you how. ive entertait begins with the cloud. this is "titanfall," the first multi-player game built and run on microsoft azure. empowering gamers around the world to interact in ways they never thought possible. this cloud turns data into excitement. this is the microsoft cloud. ♪ (holiday mhey! is playing) i guess we're going to need a new santa ♪(the music builds to a climax.) more people are coming to audi than ever before. see why now is the best time. audi will cover your first month's payment on select models at the season of audi sales event. visit audioffers.com today. >> buying justin bieber backed shots. first, do you think this was intentional or not? >> absolutely not. i think this is indicative of the fact that twitter is still incredibly confusing to use. the fact that the cfo can't actually use the product properly tells us something. and this is something we've heard time and again from twitter and fr

. >> as you say, from goldman sachs. >> his credentials are very clear.is a very minor gaffe, in my opinion. find, over will time, let people will look at is his reputation. how is he managing the finances. >> we do not know what, he's talking about. >> we do not. people have chai to get on there and see who is he following. he followed people from a company, a new service for young people. it is interesting and it has raised intent around the company. there is no way of knowing and no one is commenting. aren a separate note, you watching the ferguson press conference. on twitter, it exploded. loh's pressing mccul conference. d.was watching the fee this is something twitter experiences with big news events. how do they leverage that? >> a way to follow the conversation in a public arena, whether it is a press conference or a sporting event. >> these were photos that were on twitter last night. exactly. you and i were talking, you are watching tv and following it there. you are following it just as closely if not more closely on your twitter feed. what do

goldman sachs this morning, the euro-indian rupee. says there is value in shorting the euro against the indian rupee because it is getting stronger. a high-yield emerging market currency. modi will be happy that goldman sachs wrote a nice note. they said that it introduces an opportunity to pick up appreciation and carry. there you go. trait for the day. -- trade for the day. >> the u.k. independence party has won the election. he was elected to parliament with a majority of just under 3000 votes. all three major parties saw their share of the vote cut, with the liberal democrats having just 349 votes. president obama has outlined his -- visas would be offered to immigrants based on family ties. according to his words, it would fix a broken system. his words set him on course with a -- for a clash with republicans in congress. to abandoning his bid overturn a european union ban on bank bonuses. says he would not spend taxpayers money pursuing a legal challenge on bonuses. written documents were rejected by a senior official at the eu

breaking overnight, goldman sachs fired an investment banker.he banker got the secret documents from a former colleague. it is part of an ongoing debate with the financial regulators and big banks. >>> breaking news this morning. a gunman opening fire in a college campus library. three people injured. the gunman killed by police. new information we're learning ahead. >>> new fallout for bill cosby. as more women come forward claiming the comedian drugged and raped them. the very latest developments next. ♪ approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help pay some of what medicare doesn't, saving you in out-of-pocket medical costs. you've lear

he's always been in the public sector, never worked at goldman sachs. less they worked in business, and so many have not. they have no clue how the federal reserve, hour currencies work, how central banks work. do we want them sticking their fingers into it? >> one area they ought to leave alone, the financial markets might get concerned. these guys have done such a wonderful job on fiscal policy, they want to run monetary policy on capitol hill? i think it's a very bad idea. i think within the fed, there's a lot of paranoia over congress becoming more intrusive. president would veto anything that got that far. if it's the spring of 2017, and we have president rubio in a republican congress and they want to curb the fed, the markets would not like that. liz: you would, i would guess, see major gyrations. our viewers think the world is resolving around our midterm elections. it is not. have you russia, the eurozone in trouble, a lot of these things matter? >> absolutely right. if you look at next few months. domestic issues that are going to matter and f

here is what goldman sachs' david costen said earlier today. >> 70% of revenues of corporations is domestic and that is really the source of the underlying driver of the overall market. think about the path of the market likely to be higher in the first part of the year and in the second part of the year when the fed does hike rates that historically suggests we get a multiple contraction. you have the market rising to around 17 times forward earnings and then a contraction closer to 16 by the end of the year. >> some reaction to those comments from executive vice president and chief investment officer from bmo private bank. as i understand it you are bullish going into the end of the year and think we still have more traction. 2015 we are looking for more volatility. is that a correct read? >> our big market indicators we have five of them and two of them have turned negative. valuation i would say the last time the market was fairly value was probably the second quarter of 2013. but we recognize that valuation is not a timing tool. we have other measures. most notably the economy and liqu

as the goldman sachs analyst put it, it is a disruptive innovator story.eurig is working on new versions of the brewer to hit more coffee drinkers that are still using the old-school coffee makers. they're working on a cold machine, make it yourself at home set to be launched next year in partner with coca-cola. and by the way, coke took a 16% stake in the company. goldman says the cold drinks market, four to five times the size of hot drinks. international also, keurig is almost 100% in america, so their scope for expansion overseas and partnerships. instead of kraft or starbucks or dunkin competing, they're joining them. they're making pods of their coffee brands for systems and machines. people are also looking for more disruptions. think maybe soup. keurig has hundreds of engineers at its two r&d labs. i should say there are still skeptics. more analysts have a hold than a buy on this stock. it did lose a key patent in 2012 meaning other cheaper competitors can swoop in. and it costs a lot to be in this growth expansion kind of mode. but this story, th

we build a company by goldman sachs and other investors. among the top 50 internet services. we surpassed ebay and mtv as far as users. we are delivering two thingses. internet freedom and personal privacy. to millions of people. we just surpassed 30 oh 0 million downloads of our application. both internet freedom and privacy are considered basic human rights by the united nations. >> you're supplying and driving huge shareholder returns by making the world a better place. >> why a fixation on these things. get rich mentality, craziness. >> it's a combination. one of the fundamental factors people don't understand that solving a problem for a billion citizens of the world can be a profitable business. when entrepreneurs understand that and there are many examples. but there isn't a single company in the world that has solved a problem for a billion people and is not a multi billion dollar company. >> right. >> noment. >> name examples you wish tech people would aspire to. >> there is a few companies i like. i think twitterer is doing a good job at enabling access to informati

goldman sachs making bold predictions for the new year.have the top ten list. >>> netflix finally pressing pause on america's favorite tv dad. nbc as we were mentioning earlier with jane wells doing the same. "street signs" will be right back. of experience... for access to one of the top wealth management firms in the country... for a team of financial professionals who provide customized solutions... for all of your wealth management and retirement goals, discover how pnc wealth management can help you achieve. visit pnc.com/wealthsolutions to find out more. e financial noise financial noise financial noise financial noise >>> let's take a look at the markets. after the minutes we are lower than where we were going into the minutes. the dow turned positive as did the s&p which could have meant another record close for both indexes. at this stage it looks like we are on the downs again but anything can happen. we have a little bit of time before the end of trade. >> i was so excited to go to this top ten list that i jumped all over you. i