this morning i sat down with goldman sachs president gary cohn. ou one by saturday night because if wisconsin the kentucky, mr. cohn takes it all home for his charity. but if kentucky wins the whole thing, dan gilbert of quicken loans wins. gary points out the reason both he and dan have done so welcome to both of them are from cleveland, ohio. you, my friend -- they follow big ten basketball. it is not like they were throwing darts. there is real strategy behind it, and real dough john chambers of. cisco -- if duke beats kentucky, john chambers takes it all. if michigan wins, it becomes more complicated. matt: michigan state. honestly, university of michigan isn't good at any sports. stephanie: john chambers of cisco, dan gilbert of quicken loans, gary cohn. yours truly out of it. and team owners, people who really know basketball and own teams and are pumped up about it. $60,000 is a lot of dough. matt: john chambers, i'm just guessing he went to duke, which is why he chose duke. stephanie: i don't know, but duke is sure to be the wall street fav

stephanie: we were just talking to a goldman sachs president gary cohn. the only thing keeping the big g up last night. i spoke exclusively with gary about what is going on with the markets. starting with his take on oil. gary: we have been kicking around 45 to $50 pair what i said recently is i think the front end of oil can go down. we are getting to that point. if you look at the storage capacity in the mid continent of the united states, we are basically close to capacity. if much more oil comes into the system in the united states, we will fill up capacity and storage. we will have to price in more to attract in more storage and what we will see happen is the front end of the oil comes down, the back end will stay unchanged. it still means we will wake up to a day where we see a headline where the price of oil is substantially lower than it is a i believe that will happen pretty little bit of it is the supply. as you get into the turnaround cycle, they change the refining mix in the spring and fall. right now, changing from a heavy heating oil mixed t

gary cohn, wisconsin shocked everyone by beating kentucky. duke has one for championships -- has one bank for championships -- has won four championships. fast mysterious seven took him -- fast and furious 7 took in -- no superstars were involved. a fast and furious films are known or their chases. rendon bank earnings season kicks off today. analyst predict s&p will fall for the next three quarters. the u.s. equity derivative service -- is this it? is the party over? >> what is interesting to me is ceo confidence remains nearest highs. it is as pervasive as any i have seen since 2009. we think that is the way it is going to sort itself out. brendan: how much stock do you take an historical parallels? which one do you look to right now? julian: i tell my kids had i not been in the financial business i might have been a history professor. what we see when we look at history is the fact when you have good economies in the late 80's and 90's amidst declining oil prices. you had a profit recession around the year and multiple expansions and profi

you talk about march madness gary cohn shows up.u have to understand stephanie walks around with a phone glued to hurt year. -- with a phone glued to her ear. olivia: tony, who are you rooting for? tom: alan krueger, what do you think? alan: i am rooting for duke. harvard did pretty well. guests: i am with you. olivia: tom keene has done well. i went with oklahoma drill -- i went with oklahoma. tom: joining us will be bill gross and jim glassman. this is jobs day. ♪ >> this is bloomberg "surveillance." tom: a historic understanding between iran and the u.s.. israel worries of its survival. jobs day in america. jobs creating machine, but are we creating quality jobs? wages rise? alan krueger joins us. with us, jim glassman and bill gross of janus capital. live from our world headquarters in new york. i'm tom keene. joining the is olivia sterns. olivia: is the american economy still churning out new jobs? we find out half an hour from now. the labor department report is due out. 12 months with gains of at least 200,000 jobs. it's been

and gary cohn nailed it. all the participants ponied up $10,000, $360,000, and mr.that to a wonderful effort at harlem rbi. congratulations to all of these celebrities who ponied up on a wonderful event. let me do a boring data check. nothing needs to be said. for those of you on radio, we will keep you abreast, but it is a quiet range-bound day, the euro at $1.0863. olivia: polls have opened in chicago, and not since 1989 when mayor daley won his versus six elections has the race in this competitive. mayor rahm emanuel, who was, by the way, daley's fundraiser back then. let's bring in peter cook, our chief washington correspondent, who is in chicago for the election. rahm raised eight times more money than garcia. how did this in up in a runoff? peter: it shows you the the satisfaction with rahm emanuel and some of the decisions he has made here have not been popular. he closed nearly 50 schools early on in his first term. he has faced controversy over that. he battled unions, particularly the teachers union here in chicago. there is dissatisfaction with mayor eman