joining us now is sean's father david goldman and his attorney. your congressman, has introduced this legislation. what would it provide, david? >> it provides a mechanism and the tools greatly needed by our state department that finally have some teeth to help bring our children home. it has some accountability in it which we really need rather than just speaking and writing papers and notices, this actually has some sub stan -- substance behind it which is long overdue. jon: the hague convention is black and white clear on this. your son should be sent home. this new legislation would what? enforce some sanctions if the hague convention is not followed? >> right. it would -- anything from visas to loans, to scientific projects to some conferences. these treaties are based on reciprocity. brazil is now a one-way street. return is not in their words except finally one judge 82-page decision return order with my son, but he is still in brazil. not only for my son but for the other american children trapped in brazil and in many other countries and

for "today," andrea mitchell, nbc news, washington. >> and david goldman and his attorney patricia appeysee you again. >> good morning, matt. >> did you make yourself feel better yesterday by going to congress and going to washington? or you think you accomplished something? >> i think we accomplished something. >> yeah? you got in front of the right people? >> well, we did. and we had an opportunity to talk about this legislation, which is so important to remind everyone in the middle of the huge partisan fights that are going on that this is a bipartisan issue that everyone can get behind, and will affect countless american children around the world. >> and you weren't just talking about your particular case. you were really talking about so many other cases out there. i just want to see if i can bring everybody up to date here, because while you live with the minutia of this it's a little confusing for us. the last time we all talked the brazilian courts had ruled that you could have six days a week of custody of sean, but that you could only do it if you were in brazil for those six

we touched on david goldman and his fight to bring his son back from brazil. as well as what should be done with profits now flowing again on wall street, after billions in taxpayer bailouts. >> also ahead this morning, ryan o'neal talks about the last days he spent with farrah fawcett. we'll hear from him for the first time since her death. >> plus, on a lighter note, we're going to take a rather interesting quiz to find out which foods boost your sex drive. i have no idea. >> i have no idea. i saw the list of things they're going to ask us about. but we'll see how we do. let's begin with new details in the investigation into michael jackson's death. it appears detectives are now looking into more doctors than originally thought. nbc's jeff rossen is in los angeles with the latest. jeff, good morning. >> hi, lester. good morning to you. just a week after michael jackson died, we heard five doctors were under investigation. but this morning, a source close to the case tells nbc news that number has skyrocketed. we've learned officials are now checking into at

. >> and savannah, do we know if president obama talked with brazil's president about david goldman?, he's the new jersey father locked in that custody battle with the brazilian family over his son sean? >> well, an administration official tells me it did not come up today. but that this is something the president continues to be concerned about, and presses at all levels of government, including the secretary of state. but they had other issues on the agenda today, so it didn't come up. >> savannah guthrie reporting from rome. thanks so much, savannah. >>> coming up, we're going to tell you about the controversial hostess showing the g-8 wives around town. >> that should raise some eyebrows. let's get a check of the rest of the top stories. ann is taking some time off. hoda kotb is standing by at the news desk with the headlines. >> good morning, everybody. it has been a deadly morning in iraq and afghanistan. bombs in baghdad and in northern iraq killed at least 41 people, and wounded more than 80. the deadliest attack took place where 34 people were killed in an attack near a judg

. >> by now, david goldman's story is well known. in 2004, his wife took their son on vacation out of the u.s. and never came back. now the brazilian family raising the boy is sharing their side of the boy is sharing their side of the he better all day long. and it's not a steroid. announceit keeps my airways. to help me breathe better all day long. and it's not a steroid. announceit keeps my airways. to help me breathe better all day long. and it's not a steroid. announceit keeps my airways. to help me breathe better all day long. and it's not a steroid. announceit keeps my airways. to help me breathe better all day long. and it's not a steroid. announceit keeps my airways. to help me breathe better all day long. and it's not a steroid. announceit keeps my airways. to help me breathe better all day long. and it's not a steroid. announceit keeps my airways. to help me breathe better all day long. and it's not a steroid. announceit keeps my airways. to help me breathe better all day long. and it's not a steroid. announceit keeps my ai

goldman sachs easily beating profit expectations, on strength in trading and underwriting business. david faber on a call with goldman's cfo right now will bring if us all the headlines. >> great to have you back, mark. mark and i have been betwikt and between but together again.. goldman sachs surpassing the record, pretty amazing.g. on the economic front, investors are looking at stronger than expected retail sales, okay. so that's solid but then the biggest jump in wholesale prices since last 2007, maybe that will go away but we'll go inside those numbers. >> picture right now is not good bad, but not too bad either. we needed 116 to get to fair value so it's even steven. >> goldman sachs is up 5.5% yesterday in anticipation of these numbers being that strong. but what about on the economic side? we've got our market roerpts in place. bob pisani, welcome back. >> good to be back. goldman sachs, down about 1% on the news, but great nuns here t beat on the top line. bottom line terrific. you see the top line numbers, $13.76 billion, well ahead of the estimates of roughly $11 billion. fix

jon: david goldman, we wish you well. jane: that's it for us. "live desk" is up next. [captioning made possible by fox news channel] martha: we are watching all the stories developing on the live desk. i'm martha mccallum. trace: i'm trace gallagher. this is where the news begins. there is stunning breaking news concerning these people. bird and melanie billings, the florida couple shot to death in a home invasion inside their home. they are the parents as you know of 17 kids. 13 of them adopted, many with special needs. and now we are finding brand-new information about how precise this crime was supposed to be. the surveillance video now coming out. telling us that this thing was planned. for 30 days, says the sheriff, and rehearsed again and again. the suspects showing up with masks, sometimes wearing ninja costumes. they were actually on the property for 10 minutes. inside this nine-bedroom house for four minutes. they killed the couple, they took the safe, they fled. now there is a new suspect. she is 47-year-old pamela wiggins. she has been charged with murder, a

would be able to keep her son in brazil and work out custody with her first husband in new jersey, david goldmant bruna knows the exact moment she decided to stay here in brazil but it's at this point that the stories of husband and wife take sharply different turns. david went to court in new jersey. bruna in secret went to court in brazil, an attempt to beat the system. each got custody. but under the terms of the hague convention, it was ordered that he immediately be brought home. >> in all likelihood she took this particular step of kidnapping the child. >> reporter: goldman says bruna warned him not to go to police, threatening -- >> i would never see my son again. >> reporter: her mother and brother say not true. was she threatening him? don't come, you'll never see your son? >> she asked him to come many, many times. >> reporter: goldman's attorney calls the invitation a bold-faced lie. meanwhile, years passed. sean was living in rio, learning portuguese and making friends. then tragically last august, his mom died hours after giving birth to a daughter. again, sean's world was about to

goldman sachs call. will other financials outperform? here, david stevenson, from hart see capital management. and back with us, banking an last, matt mccormack. matt, i'll start with you. you look at goldman sachs, and my question is, is this sort of a stand-alone company? i he mean, over and over again, its reputation kind of precedes it, and people think goldman, you know, this is just really the one -- the one standout in this space. but are there others that might be an opportunity for investors right now? >> absolutely agree with your sentiment that they are the -- the blue chip trading opportunity within the financial services community. i think there are other opportunities, whether they be jpmorgan, bank of america, even citi, that could prosper if faced a similar environment, where you see a bounce off the lows of relief rally, so to say. they should make money in this environment. however, there's one point i picked up in the conference call that mary talked about that i think is something people should focus on is the $700 million charge that goldman took for their commercial real e

she gambled to keep her son in brazil and work out custody with her first husband in new jersey, david goldman stay in brazil. it's at this point the stories took sharply different turns. >> he went to court in brazil, she in rio de janeiro. both got custody. they ordered shaun home. >> that's why she took this step of kidnapping the child. >> she told him not to go to police threatening -- >> i would never see my son again. >> her mother and brother say for the true. >> was she threatening him. don't come. >> she asked him to come many, many times. >> goldman's attorney called the invitation a bold-faced lie. meanwhile in the past sean was living in rio learning the language and making friends. then his mom died tragically giving birth to a daughter. his world was about to change. a judge ordered an immediate return to goldman concluding the family had alienated the child from his real dad. shaun's stepdad is making a claim for him to live in brazil where he's lived half his life. >> why as a stepfather are you fighting for custody of another man's biological child. >> 60% of his life i've gi

is that approach appropriate is a larger question, not just for goldman. >> thanks, david, thank you greg. appreciate it, and mary, of course. >> coming up next, the earnings parade, the jobless plate rising for months to come. so what is the key driver for your money?? we have a trading task force, right after the break. >> plus, he is morning fixed income manager of the year and the bond fund he manages hasn't lost money in 25 years. moments from now, the secrets to his success. and on the power grid, the president pushing hard on climate change. the deficit is at a trillion bucks. is it time to put the bills on the back burner. >> and the "fast money" halftime report about a half hour away. earnings and earnings and a little bit more earnings on the plate. for us, we'll be back in two minutes. tention diabetics on medicare. hello, i'm john fox---you may know that i'm a professional bass fisherman. but you may not know that i have diabetes. and it's never slowed me down thanks to the good folks at liberty medical. i've been a liberty medical patient for years and have relied on the

david. an upgrade to a buy on goldman sachs, what a do you say?ou know, goldman has a lot of great qualities a great, strong franchise, lesser competition these days, good risk premium back in the trading market, so that is good. you know, second quarter is going to be very strong, obviously, first quarter was as well. i think you will see all these companies do really well in the first-half numbers but we are looking for a pretty listless second half, the number of the factors, results in the first half will not be sustained. >> and are the banks prepared and do they have -- i mean, i have actually heard recently that some people say, very legitimate people, our banks are overcapitalized, undercapitalized, shocking, given what you hear in the public sphere, but what do you say, david? >> we have commercial banks team and we would not agree on the commercial banks side. we think the capitalization is important and have a lot of stress on the loan books. on the investment banks idea, investment banks overcapitalized, goldman, morgan stanley do not

goldman sachs's earnings are proof. we spend tons of money rehabilitating them. david: john, invest in a what? $700 million welfare program for horses. that is part of the stimulus bill. is that investment going to save us? >> horses feel pain, too. joe biden is an idiot he ought to on the fox business payroll for the quotes he gives us. they will borrow $10 trillion and the healthcare bill which is another trillion or two on top of that. they will quadruple debt as a share of g.d.p. they are driving us into bankruptcy. people are running from the doll dollar. david: these numbers don't add up, do they? >> they create more deficit. but my gosh a net deficit? obama and biden show up at the end of the party and get blamed for the hangover. this is preposterous. look at the spending you had for years. homeland security, our sad war in iraq. farm subsidy. medicare drug bill. all of them make up the deficit. obama spending is 7%. as mike said, it is is an investment. and the company is companies do it all the time. a company going into receivership will borrow more to restructure. this is borrowing

goldman and jpmorgan. and it could be between 2 and $3 billion. >> and the key there is the short-term financing, because remember, we were discussing with david, they were negotiating for financing and some were saying maybe they were negotiating for debtor in possession financing. >> it was a single report, it's reuters saying that cit is in talks with jpmorgan chase, goldman sachs for short-term financing. we know nothing more than that. my guess is david faber is going to confirm this story or not to make sure this -- this may be something that has been out there for a while and now just coming out. >> and you can't assume also that the stock is going to have anymore value, because the minute you get more financing, they're going to do it in exchange for something. >> there have been debt for equity swaps. but as we know, in this day and age, michelle, dilution is better than extinction. >> that is -- a very good point. >> the on going mantra of those who have survived. >> i'm sure they're going to be talking about this.. see you on the other side. >> we'll talk about cit, as well, in the next hour. see you on the other side of the "fast m

david joy, you do not like the banks. >> well, i like the investment banks, larry, i like goldman sachs, i like some of the others you mentioned. those that have exposure to the capital market. that activity is picking up, and picking up strongly. i don't like the commercial banks. i think higher capital requirements are going to mean less profitability, there is going to be more regulatory oversight, and i don't think lending activity is going to revert back to its prior strength. so i think they're going to struggle a little bit. but the investment banks i really like. >> what do you do with jpmorgan which has a big trading operation and what do you do with bank of america which has merrill lynch, a controversial deal, but merrill lynch is doing very well for bank of america, and surprisingly so, so is the country wide operation, which is doing all of the re-fis. >> exactly right. and those are two assets that have been sort of a mill storm around their next. but when the economy stabilizes and those particular assets start to contribute in a meaningful and sustainable way, bank of america stock is going to rise, and rise st

goldman sacks and jpmorgan and possible short-term financing. bernard madoff pleaded not guilt to fraud charges, but there signs david freling may reach a deal with prosecutors. i'm julia boorsten. >> i'm erin burnett and welcome to friday. face off. we will not let 600 billion or trillion or more get spent without a fight. health care marries big time to america's bottom line and the two sides ready to take on the biggest two questions in a moment and congress voted to keep the auto dealerships open. even if they can't sell cars, they can't fail. politics will make the decision on what auto dealers stay in business. can a place be made for this decision that doesn't highlight a sort and self interested under belly of the system. today's focus, expanding. that's our show that begins now. >>> we begin with the averages and you heard julia referring to the turn around. now for the moment we had it. the dow is about 23 points and nasdaq and s&p are trading lower. what is mike talking about? a lot of earnings. crude is important up nearly $2 or almost 3% at 6376. matt nesto is on the floor and kevin is in chicago. mike huckman at the nasdaq. let's st

david. copper at a nearly one-month high. back to you. >> thanks. goldman sachs far exceeding expectations on its earnings yesterday. tomorrow, jpmorgan chase reports bank of america citi are on friday. so how do they stack up to the gold standards.s. mary thompson is at the earnings central desk. >> reporter: analysts are expecting a noisy quarter for the second quarter, noisy, because various charges and gains that will be included in these banks' numbers.s. take a look at what the forecast is suggesting. weaker year over year results. we have it there for jpmorgan and bank of america. tomorrow, of course, jpmorgan, forecaster report profits 4 cents a share on friday and bank of america 28 cents a share. citi to 31 cents a share, marking the seventh straight quarter the bank has lost money. like goldman, all three expecting higher strength. and in mortgage refinancing. weak spots are credit card where rising unemployment is driving charge-offs with commercial real estate exposure expected to be a drag on citi, as well as bank of america. also a number of

goldman sachs failed to out weigh a weak set of economic data. for more on the markets and how to invest in such an environment, neil hennessey joins us. davidlow is chief investment strategist with mainstay capital management. welcome back to the program. neil, how are you investing in this environment? did earnings dictate how you allocated dollars over the last several weeks in terms of anticipating what the second quarter looks like? >> no, maria. we've been fully invested through this whole time. i look at we're going into a ten to 15-year bull market.. people understand leverage is no longer a good tool to use in going forward. i look back at the early '80s where the market really did well from 19 0 through '94 where it really started to take off. but people weren't use leverage then because interest rates were at 21.5%. they used leverage twice in the late '90s and 2007. companies will now grow because earnings return on capital and equity. people will look at a smoother market going forward. >> do you agree with that, david? >> yes, i do. after our defensive allocations last year in the first quarter, we increased our al lobeses to e

. >> david faber, it's certainly a positive to believe that this market is once again trading on fundamentals, and it does appear that the fundamentals of better than expected numbers from goldmanbetter than expected numbers from intel, some anticipation going into the jpmorgan, citi results, has people putting money to work. >> yeah. you know, certainly i would caution many people. we're very early in earnings season. we'll ultimately see what is said by so many other cops. but no doubt that goldman number yesterday giving some confidence to the market, maria, and last night and then this morning intel. as well i would point out something we talked about this morning on "squawk on the street" and have mentioned a number of times during the day. the master trust data from the credit card companies, american express, capital one, jpmorgan, discover, all reporting today that monthly data. the delinquencies at 30 days started to actually come down as a percentage of the portfolio. chargeoffs were a bit less. and both those numbers were much less than had been anticipated. we saw may higher than april. so june being lower is being viewed positively for those looking for signs in th

david axelrod. >> what the president has said is that this is a if you proposal that surfaced to put an excise tax on the $40,000 policy that the head of goldman sachs has that will not impact on the middle class. and that was our big concern is that we not impose vast new burdens on the middle class. so, he said that it's an intriguing proposal. we're looking at that. >> he also said let the committees run their course but are they starting to show more leg there trying to nudge congress >> a little bit. they are starting to show some leg. not supporting that cad lock proposal. on friday when the president sat down with the finance chairman and the majority leader, people familiar with it said the president started to give some ground to bachus but suggestions on where he might be willing to go. that's something he hasn't done yet. these sources are not giving up what the president showing. that's significant, though, because it suggests the president realize, we talk about the house bills, the senate bills, the only thing matters is what the senate finance committee does. it's because unless you can get a consensus from that committee and yo

goldman sachs and jp morgan have recently posted far better than expected earnings reports, and wall street is now closely watching citigroup and bank of america today. cbs news correspondent priya davidat the new york stock exchange with more. pria, good morning. >> reporter: maggie, good morning to you. we just got word in that bank of america has beaten the earnings expectations. ge has as well although their revenue was down a little bit more than expected. for the profits, though, they both exceeded expectations. the dow is up almost 7% so far this week, fueled in large part because of the financial sector. headline from here at the stock exchange is that banks are back to profitability. goldman sachs posted a record-breaking .4 billion in quarterly profits. jp morgan posted $2.7 billion. >> people don't understand why we gave these guys money and now they're making record profits. >> reporter: some say it's a sign that the nation is on the path to economic recovery. >> as the economy starts to grow again, growth tends to happen at the top. >> reporter: and it's the top that's benefitting. only a month after goldman sachs paid back its $10 billion in t.a.r.p. money, it's celebrat