of italy a former goldman sachs guy is the head of greece a former goldman sachs guy is the head of the e.c.b. maybe as you trust them selling to these particular entities and it would be nice to see you break down on these good point friends don't let friends do business with goldman sachs and then finally max f.b.i. taught agents they could bend over suspend the law so here's this trickle down this is a something that you see over and over in the wall street markets where they believe that they can bend or suspend the law but here's the f.b.i. they taught us that they could sometimes bend or suspend the law in their hunt for terrorists and criminals other f.b.i. instructional material discovered during a month long investigation of the f.b.i. counterterrorism training warned agents against shaking hands with asians and said arabs were prone to. jacqueline hyde temper tantrums well once again it's the norman bates syndrome so these guys these agents who are allowed to break the law to pursue the bad guys and oh let's get some opium afghanistan to go chase the bad guys always do som

sachs's derivatives but no apparently the europeans are reading into the arms of goldman sachs goldman sachs group's first quarter earnings are expected to benefit from the increased use of derivatives by european clients seeking ways to hedge risk according to an internal report seen by reuters there's a risk against doing business with goldman sachs go especially go to a country like greece they sell faulty bonds a couple of books so they can get into the euro then they collapse then grace in other countries go to goldman sachs out of cure the problem of having dealt with goldman sachs of course the earnings are up there it's a virtuous cycle what kind of drugs are they got these great people taking well they're saying they're going there to. hedge risk time after time on the crisis report our articles have shown if you purchased some credit derivatives from goldman sachs from j.p. morgan look at the entirety of italy municipalities going broke all across italy why because they bought credit derivatives from k. p. morgan those exploded they cost ten twenty thirty times more than they

and how big a black eye is this for goldman? >> here's a look at goldman stock. over a one-year period. today a bit of a bounce up about .75% at $125.29 a share. back in a moment. [ donovan ] i hit a wall. and i thought "i can't do this, it's just too hard." then there was a moment. go for olympic gold and go to college too. [ male announcer ] every day we help students earn their bachelor's or master's degree for tomorrow's careers. this is your moment. let nothing stand in your way. devry university, proud to support the education of our u.s. olympic team. >>> one stock we want to highlight today is abercrombie & fitch. stock is up 4.23%. it got an upgrade today. and the stock is moving smartly higher. >>> the first quarter is the most important time for advertising due to events like the super bowl and although those awards shows. julia boorstin joins us with the breakdown of the most and least effective ads out there. hi, julia. >> hi, sue. ace metrics poll viewers in terms of likability, purchase intent and relevance. now, the losers in the first quarter wer

indeed s e c fines goldman sachs twenty two million dollars over a holes the securities and exchange commission on thursday fined goldman sachs group twenty two million dollars over allegations that the wall street bank didn't how policies to prevent analysts from sharing nonpublic information to the firm's traders the exchanges took place and weekly huddles where goldman's research analysts met to provide their best trading ideas to the firm's traders and later passed them on to a select group of top clients the f.c.c. said well yeah. a lawyer called glass steagall was present prevented this exact thing from going on the communication between the analysts of the bankers within the organization and this was there after that last crash and depression in america and they pass some laws to try to keep these groups from talking to each other but now goldman has formalized their fraud with this weekly huddle that they get together i suppose it shows the the huddle it's like a football huddle because you blankfein likes to touch the little guys but behind so i think is the main objective o

this time the fine the sec imposed $22 million bucks on goldman. a check for $12.9 billion to cover their bonuses a couple of years ago. why? because they said we meat a bet on aig that didn't turn out so well. what did the president just do? he signed a law lifting some of the few rules that limit what analysts can do. these are the guys who have violated every obligation to you over the past ten, 20, 30 years. the president is helping them out once again. you know the old saying those who don't know history are going to repeat it. we are. they are going to break the law again. a couple of weeks ago craig smith resigned to goldman sacks and said the analysts there referred to clients and muppets. they should have referred to congress as puppets. the next time goldman saks analysts cross the line we indict the company. take back all of the money the ceo has learned in the last ten year. let's give them the right incentives, not a little slap on the wrist. something that will really the newest voice in cable news is on the new news network. >>jennif

with these bankers from goldman sachs he met with hedge funders who used to be at goldman sachs he told them despite going in front of congress and telling congress. we will not bail out fannie mae and freddie mac. they will not be put into receivership into conservatorship and in fact he was telling them that we're going to do it so you cannot this is our little huddle our little cuddle but i won't but that's exactly right and this is a one of the most blatant examples of really this modern crypto engineered financial fascism when you've got the hank paulson's in the revolving door between wall street and washington trading on inside information leading to this amalgam of fraud that's poisoning the waters of our financial system and causing widespread austerity despair discussed outrage pre-revolution well max you bring up the word fraud and according to joseph devore in attorney at close in o'connor in new york and a former assistant regional director and as he sees new york office he said the fine was not in consequential for a settlement that involves technical violations of interna

could actually help goldman that's why the best p.r. was one hundred shut up and he just stopped talking because he knew that if anything he said was going to be corrupt the corrupt it was at its core corrupt so we know that we trust now been accused of being goldman sachs is pimping out women it's just it's the nature of the business which shouldn't surprise you know i actually in this case i don't really think it's fair do you think that craigslist is in essence people around and horrible who for goldman starts to you know question craigslist do you think rags list is and horrible and all of those things that you're saying about goldman sachs i don't know maybe ok no you're not helping i don't know them are going to use a good read of the week are ok well the middle group i'm staying in this case craigslist was you know accused of having these ads were very lucrative but they were allowing prostitution and sex trafficking ended up getting rid of that business a lot of those ads went to this back page dot com which is part of village v

goldman and u.s.corp is set to tomorrow, but it was interesting about the move that we saw in the banks today. you would have thought it would have come on friday and it came today. i'm just wondering what you make of this embrace of the financials today as opposed to friday and whether or not it can carry over. >> some of the data that was out, citibank's and goldman's earnings last week were the areas that were strong and goldman has a big presence. that should bode well for them. i don't know what to make of it. i don't want to make too much out of it. there is a spin issue that they have to deal with in general. i don't know how much that is weighing on the stock. going into earnings, i think goldman is attractive. the franchise value is incredible and the evaluation is ridiculous. >> the last quarter goldman came in traded around $94. the stock traded up $35 for the next couple of weeks and never looked back until recently. maybe you won't have that kind of move. u.s. bank corp to me, i think you

sean goldman, abducted by his mother to brazil. finally handed over to his father david after a five-year international battle. we could only guess what he was feeling. but tonight in an exclusive interview, you'll find out. >> what do you remember about that day? >> getting dragged through streets full of cameramen, a lot of people pushing. >> sean, finally opening up about his years living on another continent thousands of miles away from home. >> my mom married another person and she said this is your dad. >> never knowing how hard his father was fighting to get him back. >> since you didn't know your dad had been there, were you angry that why doesn't he want to see me? >> reunited at last. but after so many years apart, can this father and son find their way forward? >> he did have his guard up. >> and after all he's been through, what this boy says he knows for sure. >> do you feel that deeply in your heart? >> yeah. >> what so many have waited so long to hear. sean's story. >>> welcome, everyone. i'm lester holt. it was one

goldman saks gets penalized but do they care next. and i love it and i try to bring that to the show. sir... excuse me, excuse me... can i get you to sign off on the johnson case... ♪ we built this city! ♪ ♪ we built this city ♪ [ cellphone rings ] ♪ on rock & roll! ♪ falafel. yeah, yeah, i love you too. ♪ don't you remember! ♪ [ orbit trumpet plays ] don't let food hang around. clean it up with orbit! [ ding! ] fabulous! for a good clean feeling... after any meal. eat. drink. chew orbit. ♪ >>> just to add this to their legal tab, goldman sachs has agreed to pay $22 million in fineings tad after financial regulators found it failed to -- in other words they were cheating. the goldman research analysts attended weekly huddle meetings to pass on to 180 priority clients, under the asymmetric service initiative, or asi. these practices were, and i quote: >> one key part of a similar case against goldman was an internal document describing asi client list as quote: this is merely one more in a string of violations that have tarnished a com

gary, great stuff inside goldman.ankfein had to say. >> yeah, thanks, carl. you know, before we get to lloyd, let's talk about growth. growth is a major themecross all markets so that is one thing i will take away in terms of thinking about investing but lloyd blankfein, if y an investor in the investment bank, the publicly traded banks whether goldman sachs or any of their competitors i think you have to be pleased with this fact that the institution and others are trying to embrace the new environment and figure ways they can grow their businesses recognizing that the next five years willing nothing like the last five and the next ten years

can goldman sachs keep the momentum going tomorrow? and why one analyst is buying bank of america today. health care earnings kick off tomorrow. trading all the big names at the world's largest health care investment firm. lots of trades today. let's get straight to the sell-off in apple. stock getting close to correction territory at this point. which would be a drop of 10% and priceline. how concerning are these moves? >> it's a concern in the way money managers are looking at exposure in the marketplace. if you you'll find bank of america, apple, netflix, priceline, sears and fossil. today we are looking for quality. looking into the dow. looking for a home depot and ibm, procter and gamble. it's a change of a mindset. in the case of priceline and apple, which do have strong fundamentals in the last couple of days you've got some conditions. apple, the doj. i think it's looking for quality. >> what about funds out there that actually bought apple a long time ago? i was shocked a lot of these supposed dividend funds back before apple

they're all goldman sachs alums. the bill back to goldman sachs. they go back into government. -- they all go back to goldman sachs. they go back into government. it is a white house issued. >> this goes back to the media in a way. i will go back to goldman sachs if i must. remember in august when there were about 1200 people doing civil disobedience around the white house protesting the keystone pipeline. the corporate mainstream media was like this on that. imagine if 1200 tea party members hitched themselves to the date of the white house. when occupy launched in september in new york and then moved across the country, suddenly there was more attention being paid to other movements. it exposed how the media has done such a disservice to this country in the last few years by saying there was one movement in this country, the tea party. there are many other movements. the occupy wall street movement has brought into sharper relief and force the media to pay attention to other issues and movements. i could take off 10 or 15. -- tick off to enter 15

is goldman losing market share? up yesterday when we compared it to morgan stanley. we'll see how the stock reacts. >> and the president at 11:10 will issue a statement on cracking down, increased oversight on manipulation in the oil markets with the attorney general. we'll bring you that live and talk about what it means for oil markets down the road. >> see you in a few minutes. >> coming up -- >> smell you later. >> it is really something in here. the stock of the day, is it in your portfolio? when we return we'll tell you what it is. >> tomorrow on "squawk box" our guest host will be carly fiorina. we'll hit the rails with csx chairman and ceo michael rourke and goldman sachs asset management chairman jim o'neal joins us. don't miss "squawk box" tomorrow at 6:00 eastern. in here, great food demands a great presentation. so at&t showed corporate caterers how to better collaborate by using a mobile solution, in a whole new way. using real-time photo sharing abilities, they can create and maintain high standards, f

goldman just like we're out we're done we can handle another p.r. scandal right but i can't help themselves because they're so corrupt. they're so perverse in their very nature their culture is so malignant they really can't help it was no amount of p.r. could actually help and that's why the best p.r. was going fine just shut up and he just stopped talking because he knew that if everything he said was going to be corruptible corrupting it was at its core corrupt so we know going to trust now being accused of being right is pimping out women it's just it's the nature of the business we should be surprise you know i actually in this case i don't really think it's fair do you think that craigslist is in essence you can rant and horrible who. starts to your question craigslist you think list is corrupt and horrible and all of those things that you're saying about goldman sachs i don't know maybe ok well you're not helping i don't know them are going to go read of the week are ok. i'm saying in this case craigslist was you know accused of having these

goldman's bill shell p raising his price target from $850 to $750. he says out of all the good news in the second quarter, apple's surprising margin is likely to boost long-term earnings and cash flow generation. "street signs'" brian sullivan has a different take. first turn to scott wapner. scott, you talk to a lot of traders. they don't like to admit ever that they got something wrong or surprised. but are they more surprised than the public is by this number? >> i think they're blown away like everybody else is. 35 million iphones. 47%, that was well ahead of expectations. there were a lot of concerns, brian and tyler, coming into the earnings report. you had talk of a technical breakdown. it had breached the 50-day moving average. traders afraid to get in the stock at that point because it had a pullback of 10%. they were worried about seeing another pullback. now it raises the issue of what do you see here? we had some questions from traders today saying if the stock reached $610 maybe it was now the time to sell. just given the technical area

>> we'd be long goldman sachs. >> tom: thank you.the extraordinary nairp fred cannon. >> >> susie: and still ahead, much of the country seeing warmer weather than normal, and summer retail sales getting off to an early start. >> today was the first trading day since the chinese government announced a big change over the weekend. it was loosening up control over the kurntiony. the chinese yuan fell in value against the american dollar. darren girsh reports that's corrects a strong message to us. >> reporter: for years, many criticized the chinese trade policy, and the yuan is massively undervalued. 20 to 30% too cheap against the dollar if not more. so when the chinese market gave the market more flexibility to set the exchange rate, it's worth noting that the yuan actually got cheaper. >> i think they're just saying you know what? there's two way risks, don't count on us to deappreciate the currency. >> it's where the chinese government thinks it should be, especially considering growth is slowing. >> the fact of their monetary polic

away from for example goldman sachs and greg smith came out with that letter he said goldman sachs does all these awful things are they trying to get ahead of the p.r. curb by putting bull like out into the media what are your thoughts at this point. quite simple you know there's only one parishioner of like master response in d.c. and that was an interview made by book designing and the but she didn't spoke at the time for cheaper movie and she spoke for the so she was the head of the it was one of the time this was the only mainstream interview of her and that was like four years ago four or five years ago and no. talk about this university you know they gave j.p. morgan gave five million dollars to the interest of denver you know you know special lessons from diplomas about commodities you know i could control commodities mostly and this is absolutely fascinating yes she came out first because they need to have students you know to learn how to manipulate to come on it is called this is called well let's say that you know. this is something very new basically and certain point is tha

i expect goldmans to be better. however i think when you look at the bank be industry as a whole, i like more of the banks coming out tomorrow like u.s. bank or northern or the trust companies and particularly the canadian banks that we own. bank of nova scotia. i like big dividend yields as david does. i don't like being exposed to europe and i don't like being exposed to the u.s. as much as others do. >> what did the canadian banks doing business in the united states? you like them at all? >> not really. i think the cultures are entirely different. i like companies with limited exposure to both the u.s. and europe. i like strong dividends. i like the growth and merging markets. most of the canadian banks that went here into the u.s. screwed it up somehow. we prefer to avoid them. >> david, last question. regulation, you know, the ceo we talked to, will they try and put a good face on it but they are concerned about what dodd-frank is doing to their business down the road. what is your expectation there? am i just

that's the group board of course before he was treasury secretary he was a top trader and exact a goldman sachs so before you say you don't really disagree with this is this ok well i it depends what they do if they're coming out and there were bad expertise the other way is phil gramm i think does he was thinking economics professor maybe ruben as well pay their expertise in financial markets and they're working in areas that are related to their influence where they're not going to be spending time using their past connections or trying to help shape the strategies of government affairs for these companies i don't have a problem with it but mostly doesn't happen though i think most of them are very involved in the government affairs strategies because they know it better than anybody humor government appears that they will that's why they're desirable to a firm like sort of goldman sachs right yes and i think they have to be i don't have a problem with somebody going and working for goldman sachs if they want to work in the. financial sector but the minute they are back in the governmen

goldman sachs went from evil traders -- no, goldman sachs investors are not too impressed with the earnings report. reiterating his neutral rating on the shares, you kind of agree with the market reaction today, doug? >> yeah, i do. i think the stocks had a nice run, a good quarter. probably not good enough to keep the run going. there's probably a touch of disappointment. >> what's the problem? >> i think the issue for the quarter -- not the issue, but i think the touch of disappointment was trading down 20% year after year, comp for morgan and citigroup didn't look as good and that is the big driver for goldman sachs, so we'll have to see what that looks like going forward. normally that's the strongest quarter of the year, so there's a little disappointment, but it was a solid quarter. >> if you're neutral on goldman sachs, what do you like? >> i actually prefer morgan stanley. i think there is an up side for morgan stanley. i think it reacts in a big way for now and next quarter. i also think they will have better commentary around investment pipelines, more particular facebook, and i t

of goldman sachs. he has been fired has been fired for what's happening to presidents goldman sachs and who replaced. you know the information or good it was the previous p.r. of timothy geithner it's interesting all right so on this topic of incest let's talk about you smashing guy. life masters and jamie diamond i mean let's keep in mind that j.p. morgan has ninety trillion in derivatives that essentially they park on the balance sheet of the fed they don't really keep it on their own balance sheet but they nevertheless control it there simultaneously you've got this issue of market making that she claims to be involved with on all manner of markets including global commodity markets all get that in a sack and simultaneously you've got ben bernanke who goes out and testifies in congress that he doesn't see any inflation out there and of course there's more of the data points you point to purr. that there is no inflation is the relatively subdued performance of gold and silver and other commodities an

gupta is accused of sharing information with goldman with raj rat nam. the feds have focused on the wrong man when it comes to inside information from being leaked from goldman. obviously it was to his advantage to kind of hint at that unidentified leaker at the hearing the other day, sue. back to you. >> indeed, thank you very much, mary. the investigation meanwhile into walmart's dealings in mexico is expanding including a threat to look at every permit walmart was issued. our michelle caruso-cabrera has traveled from mexico to bentonville, arkansas, which is walmart's home base. over to you, michelle. >> hey, thanks very much, sue. we are in front of the very original, very first walmart. of course it wasn't called walmart. it was called walton's 5-10 named after the founder. this is the seed that grew into an enormous global empire of retailing. the biggest retail in the world. right now that retailer is facing serious allegations about potential bribery south of the border more than 1,000 miles away in mexico. this morning standard & poors came out

department chair just blew out goldman sachs you're all i mean j.p. morgan point of view she did a tremendous job snow and you know that's that's for sure but this is what we have seen together like one year ago i think is that we are now you know extremely like a poor french revolution states because in the seventeen eighteen eight. d'arista crowds were the only one to be able to buy limbs you know and to sell the commodities to agricultural commodities and know what we're seeing with you can morgan is that not only. her department or by all the control common disease in the whole world that's why for example you have seen you know last year the price of coffee you know jumping were between twenty and thirty percent more and you were paying i am paying and everybody was watching you guys are paying your mortgage and not only think she's doing down for everything and this is something new because we're going back in history you know banks are buying our commodities they're taking you know their money even before you know a stake is mending you know ki

morgan how they can do pounds of goldman sachs by the way it was a super position and foremost. was it from a good position to disappoint the financial times groups or to cause to do sue about morgan position especially on the global scandal which i don't. you know this point. is not really true let's just remind you of the important point to come from pog who was your of goldman sachs. he has been fired because going forward for what happened to president goldman sachs and who replaced from current you know in the information route it was the previous peer of timothy geithner it's interesting all right so on this topic of incest let's talk about measuring geitner. life masters jamie diamond i mean let's keep in mind that j.p. morgan has ninety trillion in derivatives he was that essentially they park on the balance sheet of the fed they don't really keep it on their own balance sheet but they've nevertheless control it there simultaneously you've got this issue of market making that she claims to be involved with on all manner of markets including global commodity markets we'll

that's technical on goldman sachs.arter worth, david trunk, good to see you both. >> thank. >> michelle? >> so bill, triple digit rally and the dow slip wade here. only up 96 points right now and nasdaq is lower by 21 point. it is below 3,000 as we have about 34 minutes before the closing bell. so we will watch that as we head toward 4:00 and see what happens. >>> despite the big rally in treasuries the past year, our next guest is still overweight fixed income. we will see why and where he sees the best opportunities. straight ahead. so don't move. here are the stand out performers in the s&p 500 as we head toward the close. >>> welcome back. 3-2 advancing in declining stocks and yet it doesn't feel that way, even with the dow not far from the highs of the day. that's because of vague anxieties about apple and too a lesser extent, google to the down side today. and while they're down, most of the other big tech stocks are not to the down side. please bear that in mind. to the sectors, the same situation. can you see s

coca-cola, johnson & johnson, goldman sachs. >> you're watching "worldwide exchange." is the eu at risk? george soros says the crisis is worsening, not getting better. we look ahead to the results of spain's latest debt auction. and what about the hair index? we'll speak to the ceo of paul mitchell hair products. and find out why ikea is calling an electrician. stay with us through those stories. >> i don't know whether will the rips to the salon will be any sharp gauge of how the economy will do, but we'll leave that discussion for later. i'm sure we have plenty to talk about. of course we're focusing on india, looking at a policy rate, 50 basis points to 8%, first cut in three years. the bank says doesn't expect any additional cuts despite its aim to boost weak economic growth. live more from mumbai. >> embarked on a reversal of the qualities down peerly after three years, now, this is cop rather to our report which indicated that at least 15% of the market expected 50 basis points cut, the remaining expected a 25 basis points cut. they reacted positively. shot up 20

it's reverse drug dealing they take junk paper they take a whole portfolio of non-sensical goldman j.p. morgan enabled collateralized debt nothing but they give two percent of it of aaa rated government paper and then they say the entire pile of nonsense is worth triple a so it's the reverse of what you'd see maybe in a typical drug deal but in fact is the same total deception and it should be outlawed and when i said holy i don't mean like eight o l y i know many bankers in the whole financial services sector think of themselves as doing god's work but this hosts holy h. o. w. l. y. but you need to parse your words carefully in this environment when you're dealing with such a cough anie of mis representation and prevarication. technical violations oh that's a technical violations i'm sorry and we're told then turns to what nobel prize winning economist joseph stiglitz observed when looking at this racket of moody's and s. and p. and the credit rating agencies working with the banks in order to forced. basically fraudulent products upon pension funds and municipalities around the world

take a look at goldman sachs, $129,000,000,000 one check to goldman sachs to bail them out for theirn aig. trill ions of dollars to your buddies in the corporate suite on wall street. that's where there is dependency, not down at the bottom. you show a capricious disregard for the interests and needs of those who struggle and show enormous beennevsinceense beneficinec to those at the to the. we want an opportunity society where there is fairness the same rules for everybody. we don't want handouts for anybody. those at the bottom or those at the top. you know governor christie? i know you are a fan of bruce springsteen. a friend saw you at the vip concert last night at his concert he played an amazing song jack of all trades. i want you to read the lyrics of that song. i know you trust bruce. here is what the lyrics say, the banker man grows fatter. the working man grows thing. it's all happened before and it will happen again. governor christie pay attention to those words. those words are what you should think etch-a-sketch candidate, an image where romney is anti gas. >>i'm a poli