david goldman's wife took their son to brazil. >> we did the thing, i love you. >> reporter: but she me back. once in brazil she divorced goldman and david didn't see his son for four years. just a few phone calls. >> hi, dad. >> hey, sean. >> reporter: gifts, he said, returned unopened. he traveled to brazil but turned away. >> he was at the point if this continued, he wouldn't recognize me as his dad. >> my mom married another person and she said, this is your dad. >> reporter: she got pregnant and died during childbirth. david raced to rio to take his son home. but his ex-wife's new brazilian husband thought to keep sean in brazil. >> supreme court set to make that decision today. >> reporter: while the court ruled sean should be returned to the u.s. -- >> it wasn't exactly the reunion david goldman planned. >> reporter: confused, sean clung to brazilian family. after five years apart, it's been a long trip home. >> has he called you dad yet? >> no, no, he hasn't. he hasn't really -- he hasn't called me anything. i think he's struggling with that. >> reporter: now united for five y

. >> reporter: david goldman has a hunch the decision to stay the course and not decrease the world's oil supply is purely political. >> their way of telling the world two things, one, they don't really care for all of the u.s. oil frackers, they are sending a message. i think it is a good message. i support it. >> reporter: if you agree with the message or not, gas prices look to be staying low during the holidays. that gives many drivers some much deserved cheer. >> this is good for the economy. good for the holiday time. >> hope it keeps up. >> exactly, that would be awesome. [ laughter ] >>> >> reporter: in berkeley, kpix5. >>> the following prices should pump up the economy through the holiday shopping season. it is estimated that every 10 cent drop ads $10 billion in income nationwide. but, enjoy it while you can. new carbon tax on fuel kicks in january 1st. >>> get ready for a major construction detour in san francisco south of market area. the central subway project is the reason and 4th street between harrison and bion will be shutdown starting tomorrow. tell stay closed unti

let's look at a chart, this from david goldman, the fuel of inflation five years from now out anothere are way in and it is rare going back 10 years. is our federal reserve overcome by global event's? >> the fed has its limits. crisis,t through a basically with zero interest rates and the had to come up with a new set of tools -- quantitative easing. it gave tremendous traction to markets but very little to the economy which is what they need to get inflation back up to sustainable or acceptable levels. they are at a loss for what to do next. we talked about this real autonomy analysis, is the story of the fed next year that they have to shift to oil at 60 week nominal gdp in the tepid consumer. >> the fed is floundering they get a lot of credit for having saved the u.s., maybe the world in the depth of the crisis which by the way they contributed to with the reckless and irresponsible precrisis monetary policy but let's put that aside, what have they done to solve these fundamental problems of anemic growth, week recoveries -- >> is there a theory that any central bank can do that? >

thank you, jim goldman. and david pride and the society for the invitation. special thanks to jennifer lowe for making all this possible. it's an honor to be here. on october 12th, 1864, 150 years ago this week, chief justice roger brook taney died in his rented home in washington, d.c. after 28 years as chief justice of the nation's highest court, the death of the 8-year-old maryland native prompted little grief or mourning on the part of the people of the northern states. while some northern democratic newspapers offered words of condolence and respect, taney's republican opponents who were much more numerous were quick to portray his death as a cause for celebration. as soon as word came to massachusetts senator sumner he dashled off a letter to president lincoln and quoted, quote, providence has given us a victory in the death of chief justice taney. it is a victory for liberty and constitution. in the days following a philadelphia newspaper noted, quote, the nation can feel little regret at his removal from an office which in his hands has been so promis

thank you, jim goldman. and david pride and the society for the invitation. special thanks to jennifer lowe for making all this possible. it's an honor to be here. on october 12th, 1864, 150 years ago this week, chief justice roger brook taney died in his rented home in washington, d.c. after 28 years as chief justice of the nation's highest court, the death of the 8-year-old maryland native prompted little grief or mourning on the part of the people of the northern states. while some northern democratic newspapers offered words of condolence and respect, taney's republican opponents who were much more numerous were quick to portray his death as a cause for celebration. as soon as word came to massachusetts senator sumner he dashed off a letter to president lincoln and quoted, quote, providence has given us a victory in the death of chief justice taney. it is a victory for liberty and constitution. in the days following a philadelphia newspaper noted, quote, the nation can feel little regret at his removal from an office which in his hands has been so promisc

this group has really great news from goldman sachs. daviding beyond the whole oil issue, we have fadel gheit from oppenheimer one of the leading voices on that subject. even apple was hurt bit downward swoon of the market. >> it was a selloff across the board. you see all 10 sectors down at one point. there was a few that tried to give it a go. but you did see selling, apple was up 73 cents at one point. still down arrows for apple. lori: another stock to the plus. keurig green mountain, the coffee cup maker. >> they think it is $151. they think the hot beverage dispenser will be great going forward. they raised profit estimates. that is why you're seeing green mountain up 4%. that is truly buck the trend. the dow is down 1 1/2%. nasdaq composite down 1 1/2%. david: the vix, volatility index, when that is up, that means the market is down. [closing bell ringing] >> highs of the day. david: traders are very glad to see the end of this day. you don't know what will happen tomorrow because the market is trading down into the close, moving in th

jpmorgan chase and the likes of bank of america, merrill lynch and goldman sachs. david about from our last guests we heard about jpmorgan. thinking of the consumer is slowing down. catherine, we still have barriers to growth. we have high regulations. i think antibusiness administration in washington. isn't that affecting consumer trend a little bit and development growth? >> i would be surprised if it wasn't. we have a congress that is slow-moving at best and we have a president that is really quite fed up with that congress. you know, they barely managed to get it together to get a budget every time. and i think it is totally reasonable to say political risk is high and there is no reason to think it will be a problem that goes away anytime soon. david: we are going to talk in detail now. one thing speaking the market was the indecision on the $1.1 trillion partial spending bill to avert a partial government shutdown but is a bad budget deal worse than a partial government shutdown? liz, what do you think? >> i think a government shutdown is worse, excuse me a bad bud

visa, goldman sachs and nike. david: there is downside just about every day. energy stocks bet getting hit hard. >> one trader had his dow 18,000 hat ready to go. not quite today. it is down 2.6, chevron down 1.3. liz: the consumer must be feeling good. two big credit card names hitting lifetime highs. >> mastercard and visa. this is such a different story than some retailers who have been not so great. david: retail has been killed. financials have been having a good day. >> art cashin note the bond yields moving higher. ultimately that is good news for financials in that environment. [closing bell ringing] liz: morgan stanley up another percent today morgan stanley is back to where it was before the lehman brothers bankruptcy in 2008. the financials looking absolutely terrific. let's see how stocks finish the day. we're not quite there from s&p. we're there? we made it. >> look at that by one. by one point. >> it is indeed a record. same for the dow jones industrials on this friday. looks like real strength in russell 2000. that is the biggest percentage gai

. -- >> that is true, they are eating goldman sachs s's cooking. but in the case of david tepper, they have not put money into goldman sachs except what has come to them for years. even when it was a private partnership of until 1999 which is just the this past century, the closest entry to us now, they had to keep their equity capital in the firm as equity capital. >> no matter how this worked out, one thing that has absolutely happen this year is cooking, eating, there is less for the hedge funders to eat because they are being expected to -- they are terms are being changed for them. the market is demanding they take less up front. that is an interesting development. what an by the way, they have not been cooking that well this year -- >> and by the way, they have not been cooking that well this year. with -- >> we are going to be good metaphor to death. the hottest of in the kitchen the fed. the fed did not lying down, but stopped buying new bonds. it still has to unwind. we talked to alan greenspan, the former fed chair. he has an idea about what is going to happen ne

david darth's book. he taught me a lot at goldman sachs.next, "do you ever sleep or did one of your biotechs provide you with clones to assist?" winky face. that presumably means like an emoji thing. no, i don't sleep. now "btw, i am now following your know what your own motto or kwyo. cleaned my portfolio this week. yolo." you only live once, i totally agree with you. here's one "i'm in the market because of you sir. just give the haters a big booyah, keep teaching us what they want to grow." okay, let me give you a heads up. i love the haters. i wouldn't be doing this if it weren't for them. i would have gotten out years ago. i am a spiteful, driven guy to the haters and everyone in my personal life knows that so, haters, you're why i'm in this game. congratulations and stick with cramer. across town. >>> i like to say there's always a bull market somewhere and i promise to try to find it just for you on "mad money." i'm jim cramer and i'll see you next time. /s . >> working in a prison is really tough. it is not for everybody. >> when yo

names like visa, goldman sachs, home depot leading the index from 17,000 to 18,000. today hedge fund giant david tepper made comparisons between 1999 and what 2015 could bring saying "for next year, you have to be aware of the possibility for some sort of overvaluation of the markets and they are fair value right now." now, remember in 1999 the s&p went to a 30 p/e, next year is now like 16, not going to get that high. so here we are, record highs and we asked ask tonight, is there still value in this market. tim, what do you say? >> i think there's value in certain sectors. i'm not sure what he said, frankly. and far be it from me to disagree. >> well, you're the em guy, you can see some of the similarities setting up, 1999, 1998. >> and david tepper makes $400 million before he turns the lights on every year so he's a very successful guy. but when you look at the market, i think if you look at commodities it's a value trap. i think you have to be careful, very interesting valuations. if you look at retail there's a lot of cases where people are looking at the retail sector and saying consumpti

goldman sachs. the sony packers take on the invincible -- hackers take on the invincible 007. ♪ >> by of david, it isese are the headlines. abe,wing the victory of markets are driving up the value of the yen. trade, but the long-term is to weaken. won four years to put in reforms. an important economic indicator in japan shows worsening sentiment. it felt through 12 in the fourth quarter, lower than estimates of 13 that underscores the challenges ahead for prime minister abe. dollar most accurate forecaster agrees that a weakening aussie dollar is likely. sliding to $.78 by the end of next year. that will come on top of the drop we have seen since the beginning of september. given the drop in commodity prices, that is putting pressure on the currency area of. those are the stories driving the foreign markets this monday morning. sony hack has taken it was news that the attackers have gone up against the world's most famous spy. this dolby a script of the new bond movie and released it online. -- video store the script of the new bond movie and released it online. >> this it was a draft script and the

names like visa, goldman sachs, home depot leading the index from 17,000 to 18,000. today hedge fund giant davidomparisons between 1999 and what 2015 could bring saying "for next year, you have to be aware of the possibility for some sort of overvaluation of the markets and they are fair value right now." now, remember in 1999 the s&p went to a 30