we do not know how long he will be here in butner. of course, he was sentenced to 150 years in prison. whether this will be his permanent home or not is so far still to be determined. melissa? all right, scott, thanks so much. trish. >>> thanks, guys. when we come back, details off the goldman sachs conference call. >>> plus, will other big banks outperform this earning season? we're going to discuss that one for you. >> call of the wild. is the obama cap and trade plan a bridge to economic disaster alaska governor sarah palin is sounding that along, and the details coming up on "the call."  >>> welcome back to "the call" i'm mary thompson. goldman sachs knocking the cover off the ball in the second quarter. beating earnings estimates. t the's cfo is holding a conference now, saying the current environment is not conducive to straight forward solutions and that's an environment benefitting goldman, whose clients increasingly need the investment bank services. here is highlights from the call that just started 30 minutes ago. first of

but butner prison is a medium security facility and has the look and feel of a college campus. inmates start the day at 6:00 in the morning and are required to work 7 1/2 hours a day on the grounds or in food services. the one-time multimillionaire will make between 12 and 40 cents an hour. but his former secretary says he is getting off easily. >> he manages to always get what he wants, and always have control over everything. and seeing that he's going to this facility shows you that he's managed to get into a rather comfortable condition. >> reporter: still, it is quite a comedown from the new york penthouse and the jet-set lifestyle that madoff enjoyed as he swindled billions of dollars from thousands of investors. but experts on criminal behavior say madoff will likely find a way to make his new life quite comfortable. >> the prisons are full of anti-social personalities who thrive in prison. >> reporter: but it may be awhile before madoff becomes part of the general population. >> they are very concerned about no harm befalling him, and there are a lot of people, from wha

his life dramatically improves by going to butner. it is a well-run facility.a lot of defendants i've worked with over the years and spent a lot of time down there. it's always been well run. it's a good facility. >> right. what were madoff's concerns? was he afraid? >> no, no. with what he's gone through where he is now, there was no fear. i think there is certainly apprehension. i think he has concerns about visiting and about family and being able to communicate with his family. >> as it turns out, there are pretty liberal rules in being able to communicate. does he not have phone privileges? >> 300 minutes a month. the same as any inmate. >> that's a lot. >> 15 minutes at a time. the visiting is good at butner. >> right. >> he'll be able to see his family hopefully. >> right. it is not the so-called country club though by any stretch of the imagination such. >> there was never a country club prison. that was always a myth. prison is prison. he certainly won't have the freedom as in a camp, but he'll have a normal routine. >> how would you describe his demea

he is in butner, north carolina.r to you, scott. >> reporter: butner, north carolina where you saw bernie madoff arrive a short time ago. he is used to villas, mansions, and chauffeur-driven limousines. but today it was a long ride on a bus from atlanta, where he was there on an intermediate stop from his jail cell in new york where he had been since march to here in the medium security federal correctional facility in butner, north carolina. it's part of a sprawling complex that madoff will be serving the beginning of his sentence in. just after 11:00 this morning, he arrived, got off the bus, with about half a dozen other inmates. and he was taken off the bus, patted down, and preparing now to begin his life behind bars. the life sentence. the particular facility that he is in is relatively small. it is about 725 inmates. and so that may give some control. but it is a medium security facility, not a low security facility.. and this is bernie madoff's new home for a typical cell in a federal medium security fast i w

i never heard butner described as a nice place.run the sexual offender treatment program there. i can't see them having a real nice place where they have all of the child mowlelesters house >> what is the environment going to be like for him? high-profile people housed at butner. he was involved in the world trade center bombing. randy "duke" cunninghamm, jim baker spent some time there. those are the high profile inmates. who are some of the other folks he may at some point mix with. >> first of all, he's got 150-year sentence. he gets another 20 knocked off for good time. he's looking for 130. he doesn't really have an out date. he's not getting out. the people he's going to mingle with, rapists, killers, bank robbers, you name it, they're all in the medium where is he's going and bernie is going to be the prize. bernie is the crown jewel, not butner. these people want to make a name for themselves. so bernie will be a high-profile name. they'll take bernie out. take him out with a shank. cause a disturbance in the institution. t

the butner federal correctional complex in north carolina. it consists of four main areas, two medium security facilities, a low security facility, and a hospital. and cnbc's scott cone is outside the gates. scott, good morning to you. >> reporter: good morning, matt. the federal bureau of prisons website still has bernie madoff this morning at a federal penitentiary in atlanta. but sources say that is just a stop on his way here to butner where he's about to spend the first day of the rest of his life. he was accustomed to a penthouse in manhattan, a mansion in palm beach, a villa in the south of france. but at least for now, bernie madoff will have to get used to life here, joining some 4,800 other inmates at a federal prison complex in the heart of north carolina. the one-time billionaire wall street icon will be able to make 12 to 40 cents an hour, cleaning toilets, doing laundry or groundskeeping. then retire to his cell, with a sink, a toilet, bunk beds, and a cell mate. but one prison consultant thinks it may be a temporary home for ma

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. >> susie: bernard madoffs spending the first night of e rest of his fe at butner federal ison near raleigh, north carolina. inmate number 61727-4 checked in this morning to starterving a 150-year sentence. othewell-known prisoners there incle adelphia communications founder john rig and his son, tithy. madoff pleaded guilty in mch to running a ponzicheme that wid out thousands of investors. >> jeff: developed cntries are excted to lose nearly 30 million jobs by the timehe global receson is over. that prediction ca today from the organizaon for economic cooperation and delopment. it's aroup of 30 countries working together to fight poverty. many experts think t global economy willecover next year, despe high unemployment. >> sus: here's a look at what's happening tomorrow: the june repor for consumer pricesnd industrial production are reased, as well as the weekly rort on crude oil and gasoline inventories. also, quartey results from american airlines pant, a.m.r. tonight's coentator has a few thoughts on what he calls he washington way he's allan sloan, nior editor at large at "for

but a source close to this says it's butner, north carolina. the bureau of pripzs has a big facility there. their website indicates about 3,000 innamates in three facilities on this particular campus. there's a low, a medium security as well as a medical in butner, north carolina. >> thanks very much, matt. two big stories in the financial sector this week. we've got management moves at ubs along with earnings tomorrow from goldman sachs. our charlie gasparino offers his insight on both stories and both of those stocks moving all the financials today charlie on meredith whitney's comments. >> about goldman, right >> that's right. >> mainly about goldman. bfr i into that that was an amazing interview marijust did with romer. and i'll tl why. the fkt she g her to sayhey really can measure the employment gai, is is after spending $0 billion and saying that would stop unemployment at 8.5%? obviously it didn't work. it seems like a complete about-face. >> charlie, i didn't know what else to say. how do you measure? and then she said we can't measure

. >> convicted swindler bernard madoff arrived at a federal prison in butner, north carolina, where he'll likely spend the rest of his life. he was escorted from a bus in leg irons. madoff was sentenced to 150 years in jail after bilking investors out of as much as $60 billion. >>> it's been an incredibly busy week between earnings week and the fed minutes. here to help us sort out what's happened, david kelly. thanks for being with us. we're seeing a lot of companies beat earnings expectations this week. particularly in the financial services sector. jpmorgan included. a lot of them doing so by cutting costs. not necessarily by revenue growth. should we be as optimistic as the market has been this week? >> i think the market does -- first of all, the market is still very low in terms of valuation measures. you believe the economy is ever going to recover, then the market has to go a lot higher. even if you take a broad look at earnings, we're seeing revenues beating expectations and rising quarter over quarter. if you look at the market overall. so i think companies with more exposure to

butner may not be his final home. that stay there for six weeks and they moved them on. >> jonathan, do you want to get in here? >> i'm here. i'm sort of curious about how many people have sort of prison life coaches? this is something i had never heard of before. >> there's about half a dozen of us in the country, and there's a few people popping up now that really lack the experience. they're doing a great thing trying to help people, but in my case, i did a ten-year stretch at minimums, lows, mediums, and highs. i know what's going to happen somewhere. i'm not reading it out of a book. i know it off -- >> what were you convicted for? >> narcotics trafficking, securities fraud, racketeering, obstruction of justice, and minnesota guns. >> was it eliot spitzer that put you in jail by any chance? >> no, eliot wasn't involved in my case. >> racketeering was one of his specialty sincerely whyies is w. >> i was federal. >> this is one of the scariest little pieces of tv i ever watched. we obviously know life inside the fe

. >>> convicted swindler bernard madoff arrived at a federal prison in butner, north carolina, where he will likely spend most of his life. he was escorted from a bus in leg irons. madoff was sentenced to 150 years in jail after bilking investors for as much as $50 billion. it's been a busy week. turning to help sort out what happened, what's likely to happen, david kelly, chief market strategist. great to have you on the program. thanks for being with us. >> you're welcome. >> we're seeing a lot of companies beating earnings expectations particularly in the financial services sector. jpmorgan included. a lot of them doing so by cutting costs. not necessarily by revenue growth. should we be as optimistic as the market has been this week? >> well, yeah, i think the market does -- first of all, the market is still very, very low in terms of valuation measures. if you believe the economy's ever going to recover the market has to go a lot higher. also if you take a broad look at earnings we are seeing revenues beating expectations, and in fact rising a quarter of a quarter. if you look a

we don't know exactly where he's going to -- if he's going to end up doing the full 150 years at butner prison consultant says madoff is going to have to watch his back wherever he goes because there are so many people who want him dead. and they may be willing to pay big money through the families of other people who are at the jail to get the job done. take a listen. >> you can take a sock, this is really popular inside as a weapon, you take a sock, you put a few pad locks in it, you put a few bars of soaps in it, you bounce it off bernie's head a few times and he's done. he's out like a light and he's dead. >> this is a prison consultant? >> yeah. i mean this is -- that is chilling stuff. that guy you saw, he has said he says he spent ten years in -- i'm sorry, he's been in ten different federal prisons. he's been on drug and security charges. he's somebody who sells his services as a prison consultant. like a coach. he tries to tell you the rules, how to survive, what it's like. very interesting, different story. i thought it was like -- >> who knew there was a wall street prison co

butner is actually a complex of prison facilities.uple of medium security institutions, low security institutions and as well that medical center. the total population now, about 4,800 inmates, 4,874 according to the bureau of prison website. for madoff, the first step will be, again, as we said, evaluating his health and experts we've spoken to suggest that he will be under some pretty close watch, even more so than a normal prisoner coming in here just because they need to see where he is at emotionally and otherwise. if he winds up in the general population here, he will be able to make anywhere from 12 to 40 cent an hour doing various jobs, whether it's plumbing, cleaning out toilets, gardening, that type of thing. he will live in a cell with a cellmate, bunk beds, a toilet. they will get up -- or, you know, aroused to wake at 6:30 or so in the morning, work by 7:00 and occasionally visitors on the weekend if ruth madoff decides to make her way down here from new york.. >> it sounds like it's awfully noisy where you are. from the

that operation being the moving of bernie madoff to this prison complex in nk butner, north carolina. he has left atlanta but the bureau of prisons will not confirm this is where he is headed. he weren't to attend some secrecy to this because bernie madoff is 71 years old, his health is questionable. he has a lot of information presumably that they can still get out of him and there are people who clearly don't like him, they want to move him as uneventfully as possible. that seems, together go on right now. this facility in butner, north carolina is again a complex of facilities, a couple of medium security institution, low security institutions and also notably a medical facility that is highly regarded in the federal prison system and one prison consultant told us it is likely made offwill be brought there for evaluation, mother mental and physical and that that may be an intermediate stop before he goes somewhere else in the prison system, we don't know, and the bureau of prisons is not saying yet. if he winds up here, he will have the opportunity to to some jobs, he can earn some

an update on the prisons website says he will head to the butner federal prison in north carolina. he's serving a 150 year sentence. madoff admitted to bilking investors out of billions. >>> a day away from death, convicted inmate paul warner powell dot a -- got a stay of execution. the supreme court wants to reexamine whether hwas tried twice for his trial. he was convicted in 2000 for murdering reed and her sister. if the appeal it denies, powell will again face death. >>> we are following breaking news right now. d.c. council member jack evans confirms a body found in baltimore's inner harbor this morning is one of his staff members. dizzy deshane disappeared sunday night following a boating party. the body shows no signs of foul play. the report shows that deshane graduated from catholic university in 2001. >>> four members of a religious cult accused of starving a 1- year-old to death are expected to appear in a baltimore courtroom this afternoon but the trial will almost certainly be postponed. two of the defendant have not yet hired lawyers. the judge could appoint one or or

. >> from the new york city penthouse to prison, bernard madoff is behind bars in butner, north carolinaadoff arrived at the prison to begin his 150-year sentence. the 71-year-old pleaded guilty in march to running a massive ponzi scheme which bilked $55 billion from investors. >>> olympian from new zealand is taking a rather unusual approach towards helping him make it to the next olympics. 23-year-old logan campbell expected the tie kwan dough training to cost $200,000. so he's opened a high-class gentlemen's club to raise the money. the officials are a little worried that his involvement in prostitution just might sway the olympics selection committee even if prostitution is legal there. >> air tran passengers are getting training on doing 's and don'ts. the airline is putting a primer on web it wet in every seat pocket. the airline wants to prevent passengers from offending their seat mates. they are suggesting that passengers keep computer screens as private as possible to protect business and other information as well. >>> a new airline letting your pet fly first class. pet airways

wall street swiner, bernard madoff has a new address, the federal prison in butner, north carolina wherewe again serving his 150-year sentence for fraud. i'm michelle ka russo cabrera, get all of your business news from cnbc. >>> if you're feeling the itch to go out and visit a national park for free this weekend, it's a great weekend to do it. the national park service is waiving entrance fees. here in our area you can visit great falls and shenandoah national park for free today and tomorrow. gift shops and other park vendors are offering discounts and special promotions this weekend. for 60 years, the university of maryland has been doing this -- creating hurricane conditions using a wind tunnel. researchers there rely on the tunnel to find out the damage hurricane-force winds can cause. this year, they put our craig melvin to the test. it looks like he was okay. they drove him to the floor and blasted him with winds hitting 117 miles per hour. craig tried to walk around that, but it didn't go so well. the 2009 atlantic hurricane season began on june 1st. it lasts until the end of nov

he arrived at the butner federal correctional complex north of raleigh. it is not clear whether that will be his permanent stop. the 71-year-old madoff is serving a 150-year prison sentence for running a ponzi scheme. >>> listen to this. the white house is corrected an earlier report that michelle obama's father was buried in the burr oaks cemetery outside of chicago. the historic black cemetery has been in the news after reports that hundreds of bodies were dug up so the graves could be resold. well, earlier today, the first lady's communications director told cnn that the first lady's father was buried there. she now says that information was wrong. meanwhile, president obama visited a community college in warren, michigan, today, to make a pitch for a new education funding program. the president wants to spend $12 billion over ten years to help community colleges train more americans for jobs in the future. doing that, he says, can help boost the u.s. economy. about 6 million americans currently attend two-year colleges, including some students that ca

jet and wore suits hand tailored in london was seen in a blue prison jumpsuit as he walked into the butner facility considered one of the crown jewels of the federal system. >> he got the prison lottery. >> reporter: his sentence meant he could have been sent to a harsh maximum security facility but eight medium security prison and has the look and feel of a college campus inmates start at 6 in the morning and are required to work seven and a half hours a day on the grounds or in food services. the one time multi-millionaire will make between 12 and 40 cents an hour. but his former secretary says madoff is getting off easily. >> he manages to always get what he wants and always have control over everything. and seeing that he's going to this facility shows you that he's managed to get into a rather comfortable condition. >> reporter: still it is quite a comedown from the new york penthouse and the jet set lifestyle that madoff enjoyed as he swindled billions from thousands of investors. but experts on criminal behavior say madoff will likely find a way to make his new life quite comfortabl

he is expected to be transferred to the butner federal complex outside of raleigh.e in a massive ponzi scheme. those are the headlines. after a quick break, back to chris matthews and our live coverage for the supreme court hearings for the nomination of sonia sotomayor. stay with us. and albacore tuna, crab, salmon and ocean fish flavors. has the fastest hands boxing has ever seen. so i've come to this ring to see who's faster... on the internet. i'll be using the 3g at&t laptopconnect card. he won't. so i can browse the web faster, email business plans faster. all on the go. i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. (announcer) transform your water. women who drink crystal light drink 20% more water. crystal light. make a delicious change. you have high blood pressure... and you have high cholesterol. you've taken steps to try and lower both your numbers. but how close are you to your goals? there may be more you can do. only caduet combines two proven m

the convicted swindler arrived in cufuffs at the butner medium security prison. he'll spend his life working there for less than a dollar a day. his wife, ruth, may move nearby to be closer to her husband. >>> house democrats have unveiled a massive, new plan to insure health care coverage for most americans. the cost, $1.5 trillion. a big chunk of that comes from taxing the wealthy. the senate is expected to unveil its own version of that measure today. president obama will address the issue this afternoon. >>> and finally, a beach day some new yorkers won't soon forget. what they thought was an abandoned surfboard was really a 24-foot-long basking shark. that's right. chris was scared so much, he dropped his pen. the huge dish washed up on long island. despite the size, these sharks aren't dangerous. they have no teeth. and they are common off the waters of the northeast. you don't believe it. playing tennis. >> you were right up in there. >> once they knew it wasn't going to come out of there. that's interesting. that shark may have been around for a while. i

sources have said that madoff is on his way to the butner federal prison in north carolina to begin serving his 150 year prison term. he was sentenced last month after admitting he scammed clients out of billions of dollars. >>> let's talk to tucker once again for this tuesday. >> just beautiful. nice weather across the area. yesterday we had a few high puffy clouds and shower and thunderstorm activity south of the city. today i think it will be even quieter. just a nice breeze out of the north and west. but big puffy white clouds. >> so we can see shapes and little bunnies and sheeps. >> allison, we'll go cloud watching today. 65 at reagan national. dulles, 50s off to the north and west, 58 at dulles. and bwi marshall is 52. extreme heat across central sections of the country. texas and oklahoma not getting a break. oklahoma city getting 106 today. they've been above 105 three days in a row. a lot out to the west. and because of a buckle in the jet stream, they're getting the heat and we're getting seasonal, if not cool air. so today we'll see highs back into the mid to upper 80s but that'

night at the atlanta penitentiary, but left this morning and has now arrived at the federal prison in butner, north carolina, that's apparently where he'll live out his life. madoff was sentenced to 150 years for bilking thousands of people out of thousands of dollars. >>> a convict ee eed rapist and murderer is still on the loose. a third man, also a convicted killer, was caught near the vacation home of chicago mayor richard daley in grand beach, michigan. police say they're calling off the search for lack of leads but they'll chase down any lead they get. >>> a nation mourns its dead from a far-off war. we're live in britain for a public salute for soldiers killed in afghanistan. every sunday, lasagna at mom's was a family tradition. when she started forgetting things, i was hoping it was nothing. grandma! what a nice surprise! mom, it's sunday. that's when i knew i couldn't wait. mom's doctor said these were signs of alzheimer's, a type of dementia, and that prescription aricept could help. he said it's the only treatment proven effective... for all stages of alzheimer's. studies showed

the once who was once referred to as a financial genius is now known as a number at the butner federal judge? >> a lot. there's a wing in new jersey. gretchen: he pled guilty to a multi-billion dollar ponzi scheme that wiped out thousands of people, and there's no laughing matter about that. judge: right. gretchen: passengers on a southwest flight looked up, they saw a giant hole the size of a football in the 737's fuselage. the plane was at 30,000 feet. as the cabin began to lose pressure and had to make an emergency landing. steve hall joined us earlier in the show. >> the flight crew was awesome. they were in complete control of the situation. a lot of nervous energy understandably. people looking around, what's going on, oxygen masks are dropping, putting them on, but the flight crew immediately came up and down the aisleways to make sure that folks were being taken care of. gretchen: holy cow. that would have been enough for me. thankfully no one was injured in the incidents. southwest airline says there were no other problems with the airplane except that big hole. hopefully they

a federal bureau of prisons spokesperson will not say if he will stay at butner for the duration of his term. >>> house democrats called their sweeping plan to overhaul the nation's health care system a path to success. the plan would boost taxes on the healthy by more than 5%, would scale back medicare and medicaid payments and would require employers and individuals to buy health coverage or be penalized. >> but it's safe to say as a guideline that when those people who get paid who have stake holders in this can come together at the white house and say that this bill over ten years would save the american people $2 trillion, those are real dollars even though they cannot be scored by the congressional budget office. >> house leaders hope to push health care reform through three coast and i don't to the house floor for a vote before the august recess. >>> well, officials in afghanistan say a civilian helicopter was shot down today in hellman province, killing all six people on board and a child on the ground. nato officials in kabul gave no details about the cause of the crash, except

he's expected to serve his 150-year sentence in butner, north carolina.sidents. president obama doesn't have a lot of luck with his teleprompter. listen to what happens during his speech on urban policy. >> for our economy -- oh, goodness. sorry about that, guys. gretchen: the teleprompter fell over in the middle of his remarks, but the president recovered using another teleprompter. in the past teleprompters have either stopped working or fallen other for both president obama and vice president biden. check out these moments. >> i just noticed that i jumped the gun here. >> what am i going to tell the president when i tell him his teleprompter is broken. what will he do then? gretchen: he's joked he'll learn to go off prompter and vice president biden will learn to stay on prompter. steve: laurie ingraham is here. so sorry to here about the teleprompter of the united states biting the dust. >> that was the sound of the economy falling. he said economy -- there he said economy, the whole prompter went down. it was appropriate. steve: i know you as somebod