operations of big banks, and he has also taken large campaign loans from his wife's employer, goldman sachs. what do companies like goldman the? and did they get it from the freshman senator from texas? what do they say about the relationship between witnesses and campaigns? how cruz plays the game. it's the "inside story". welcome to "inside story". i'm ray suarez. senator ted cruz, republican of texas, has slowly been shrinking donald trump's leads in early primary it states. he's in his first term of the senate, after winning over the republican favorite and establishment and senior senator, john cornic, after just two years, the 45-year-old began running for president. from the solisser general of texas to frontrunner, took a disciplined candidate and a lot of money. like many republicans, cruz opposed campaign finance laws already on the books. in 2014, he introduced a bill to repeal the campaign act of 1971, that created the modern finance disclosure system. recently, the times reported that senator cruz had borrowed half a million dollars from goldman sachs and another from citigroup

among other things, we talked about goldman sachs. man are in the news because of the "new york times" story about tim taking out a loan from them in 2012 which is campaign own knowledges he did not fully disclose. inn and i sat down pensacola, florida with the candidate cruz needs to overcome, donald trump, who was just off a rally, and we started off talking about ted cruz and goldman sachs. big story in the new york times about ted cruz and not having reported properly a loan in his senate campaign from goldman sachs. are you concerned about that? do you think voters should be? mr. trump: it is a big thing. i know nothing about it, but i hear it is a big thing. he is a nice guy and i hope he gets itself. mark: youave been in the spotlight for years, he has not. do you think it is possible that there are lots of things about him and his background now that he becomes a leading candidate? mr. trump: i don't know. the last been until few days. the reason is, i've been doing very well. he has been really terrific. i just hope that's not

i want to get to those goldman sachs earnings. we're seeing earnings 1.27 for thet at $ third quarter. earnings at rmbs cut $3.41 with the settlement earnings. full-year compensation ratio which is always very interesting, 37.5%. it seems like goldman sachs is keeping compensation costs down as well. i have with me bill and elizabeth to go through all of these numbers. elizabeth, let me start with you. what pops out as you look at this headline? elizabeth: i am having some trouble bringing it up. definitely legal costs for what we expected to be a big part of the story. with that said, the settlement they announced last week analysts will be stripping that out. the big question is trading. the trading business continues to be top. trading has not rebounded. that is a big question that investors will be looking for. matt: you been talking a lot about morgan and other banks down.g compensation costs how important is that for goldman sachs, which is traditional plays were kids go to make the most money? bill: who is keeping compensat

times first reported wednesday that cruz failed to properly disclose the loan from citibank and goldman sachs, where his wife works. cruz did not disclose the loans on one filing, but did disclose them in later financial reports. cruz says, "i made a paperwork error disclosing it on one piece of paper but not another." cruz says he had to take out the loan because "i don't have masses of money in the bank, hundreds of millions of about the loan as part of a "hit piece." to his 2012 senate campaign as a "paperwork error." cruz was asked about the issue during thursday's presidential debate in south carolina. the new york times first reported wednesday that cruz failed to properly disclose the loan from citibank andnd goldman sachs, where his wife works. cruz did not disclose the loans on one filing, but did disclose them in later financial reports. cruz says, "i made a paperwork error disclosing it on one piece of paper but not another." cruz says he had to take out the loan because "i don't have texas sen. ted cruz is dismissing his failing to disclose a $1 million loan to his 2012 senate cam

breaking about compensation at goldman sachs.as ordered $23 million last year, that is set to include $2 million in salary, $6.3 million in bonus. heparing to the year before, was awarded $24 million. this is "bloomberg markets." more after the break. ♪ david: welcome back to "bloomberg markets." signs of strain of rising concerns over saudi arabia's outside position in the world largest and most important bond market. plummeting oil markets are squeezing the for exchange reserves. just how much of america's debt the saudi arabia alone? -- does the saudi arabia alone? -- own? >> good question. we don't know. the treasury department didn't tell us. , sinceasury department the 1970's, has been collecting data through primary dealers and banks about how much each part of the country owns to us treasuries. countries,hese, 100 saudi arabia and 14 other oil producers are lumped in together in a group. with interstate about that group is -- there are actual several countries and that group. but just not saudi arabia. have the world's th

among other things we talked about goldman sachs where his wife is on leave. ies to goldman are again in the news because of that "new york times" story about a loan he took out from goldman when he ran for senate in 2012 to help finance his campaign and which his campaign acknowledges he did not fully disclose. shortly after that we sat down with the candidate cruz needs to overcome, donald trump, and we started out talking about ted cruz and goldman sachs. >> big story in the "new york times" about ted cruz and his not having reported properly a loan he got in a senate campaign from goldman sachs. are you concerned about that? do you think voters should be? >> well, i heard it's a big thing. i know nothing about it. but i hear it's a very big thing. i hope he solves it. i think he's a nice guy and i hope he gets it solved. >> you've been in the public spotlight for years and years. he has not. he's relatively new to the national scene. do you think it's possible that there's lots of things in his background now that he's become a leading candidate? >> i would

the present of goldman sachs will be here on friday -- the president of goldman sachs will be here on 12:30 london time, 7:30 eastern. francine: this will give us a sense of what bankers are worried about -- fixed income and trade. here in europe, there is also a u.s. that it will only be banks that will be left in the investment space in europe for five years for now. erik: that is the prevailing view. they know they are being forced to shrink by regulators. yes, the question is whether the only banks and the fixed income business end up being the gigantic u.s. institutions like a p morgan and bank of america. it is an open question whether goldman sachs will be there. look at what morgan stanley is doing. it has shrunk its fixed income business and plans to -- cut another 25%. goldman sachs is talking about cutting its headcount by 5%. the regulatory pressure on that business is so heavy, if you do not have a lending business to back it up like the universal banks do, it will be more difficult to compete. francine: the question they are asking themselves and that they will talk with

goldman sachs has reached a tentative $5 billion settlement with federal and state investigators overhe investment bank's role in the 2008 financial crisis. goldman was under investigation for lying about the value of the mortgage-backed securities it sold in the years leading up to the crash. the sale of toxic securities helped trigger the global economic collapse. under the terms of the tentative settlement, goldman will pay billions in civil penalties. no one will go to jail. michigan attorney general bill schuette has announced he will investigate the water crisis in flint to determine whether any michigan laws have been violated. this comes as governor rick snyder has appealed to president obama to declare a major disaster over lead poisoning in flint's drinking water. the poisoning began after an unelected emergency manager appointed by snyder switched the city's water source to the corrosive flint river in a bid to save money. residents have reported lasting health impacts, including developmental and cognitive impairment. governor snyder asked for federal aid thursday, amid ne

tom: do you have that goldman sachs? >> we don't.s are volatile, and placed our strength in terms of being inactive manager and taking advantage of these opportunities. the last couple weeks it started to throw up some opportunity. francine: what have we learned, andrew, about the way china is try to manage its currency? it' still unclear what their exact policy is, or if there is a difference between what they wanted to be and what they can stomach. characterize 2016 as a combination of continuing the reform process in china, moving the economy to a more consumer orientated economy, and also requiring more economic stability. at times, those things will be at odds. we are seeing some of that play out. it is certainly more volatile than we would have expected, and the chinese authorities would have expected, but i think that is the tension that we are going to live with through 2016. tom: to the point, lord lamont, about what you said -- the description of the chinese government in their institutions to help their economy, they don't

how big a problem is it for ted cruz to be acknowledging a goldman sachs loan, goldman and others sayingt wasn't at a favorable rate but it was not disclosed in a timely way when it was supposed to be to the federal election commission and so he had to do an amendment on that, and it does undercut his whole narrative, i mortgaged everything in order to run for the senate, i put everything on the line. >> on the line with the backing of goldman sachs. we both used to cover money and politics and reality is, this is a transgression. it's a technical transgression. it's not fatal but it's not the greatest time in the world for ted cruz to be talking about this and any time you are saying ted cruz and goldman sachs in the same sentence, it's not the kind of campaign that he wants to be running right now. >> how many iowa voters, caucus goers, would have even known that his wife works for goldman? >> absolutely. that, he doesn't want the association with the big bank being highlighted this close to the caucus time, and also, i think the other piece of this where it undercuts his narrative in

she did get the money from goldman sachs and these other players and -- >> i think he even gets interviewsith her, i'm just saying. >> if i'm not mistaken, i think also when she was at the goldman speech she defended them and suggested that goldman sachs had been unfairly attacked. just going back, we reported that months and months ago. i was just going back to find the transcript, we'll have alex try to do that, or the reports from that. but there is no doubt this is a serious problem. she -- she knowinnoknows, she h access, the banks have the access with her. she has a tight, cozy relationship with all of these banks on wall street. with the wall street community. she was, along with chuck schumer, the senator from wall street. and guess what you call? you call that as a new york senator doing your job. that's what you call it so she can't run a away from it any more than george h.w. bush should have tried to run away from who he was naturally. it isn't a good fit when she tries to do that. this is going to keep playing out, mika. also, we still have those polls outside of iowa and new

let's look at the business model of goldman sachs.d out if anything transformational is happening there? are there going to be offerings in the asset management business, consumer things? goldman sachs is interested. >> and the stock down 13%, 14% year to date. >> that's what i mean. the stock has traded very poorly. >> double the loss of the s&p 500. >> to be fair, it's not a goldman sachs story. it's an overall financial story. >> yep. >> unusual activity? what do you have? >> johnson & johnson. we had strong activity on johnson & john, jnj. i bought calls in. there someone stepped in and bought 7,000 of them like that, bang. they're up about, i think eight or ten cents from where they bought them. the earnings are the 26th, i think. i'll be out by then. >> pete? >> i'm going to give you a quick trade school. you see a lot of paper on cisco. the february 25 1/2 calls. very, very active. 15,000 of those trading, obviously you want to jump on these. absolutely not. they're selling those. so what you're seeing a great example of someth

goldman sachs. goldman sachs has him. citibank has him. he is going to come out with rulings against goldman sachs and yes a personal agreement, i don't think so. he said he did not know. he's got two banks. how do not put that in your personal disclosure form? it is impossible. smart guy. you know you had banks and in the put them. he didn't want the people to know that goldman sachs owes money to him and he's that guarantees with goldman sachs. he's got very low interest rate loans. he's got low interest rate loans. they are like peanuts. when goldman sachs goes to the senator in texas in the case of the people from texas and they say we have to have this that he's going to do it. the nice part about me, i'm not taking anybody's money. [cheers] mr. trump: the other problem with ted is, as you know, laurence tribe, a great constitutional lawyer from harvard said this is an unsettled matter. this great constitutional lawyer. others have come up and said he can't run for president. maybe he can, mayb

so says goldman sachs. this is not the tip of the iceberg.rs are nervous, but the underlying performance of the u.s. economy is quite good. the unemployment rate has fallen 5%. new jobs are being created at a good pace, companies are profitable. our feeling is this is a reaction to some of the important news around the world, declineg the sharp in oil prices, the race but china and what the federal reserve will do next. -- the worries about china and what the federal reserve will do next. when we apply our valuation models, we think fair value for the s&p 500 is 2100. several percentage points above where we are right now. >> i guess you've already answered my next question. we had the bank of scotland warning of a fairly cataclysmic year ahead for 26 income urging investors to sell everything except high-quality bonds. george soros says the china volatility is reminding him of the crisis of 2008. you don't think we are quite there. >> there are some important differences between 2008 and the current situation. first from the standpoint of th

i don't get personal speaking fees from goldman sachs. what i would do -- [ applause ] >> -- what i would do is understand that when you have three out of the four largest banks today bigger than they were when we bailed them out because they were too big to fail, when you have the six largest financial institutions having assets of 60% of the gdp of america. >> reporter: by pointing out that secretary clinton received speaking fees from goldman sachs, that is music to the ears of senator sanders. secretary clinton had an argument of her own. it was about president obama. she was trying to embrace the president tightly throughout the whole evening. the reason she is supporting her health care plan is to defend his legacy. she had strong words for bernie sanders about his questionable support for president obama. >> and president obama has led our country out of the great recession. senator sanders called him weak, disappointing. he even in 2011 publicly sought someone to run in a primary against president obama. now, i personally believe

with goldman sachs, there is no worse brand name for the populous of the republican party than that" nats born in the usa donald trump ....who's playing born in the usa at his rallies to mock cruz being born in canada... is calling the cruz finance story a very big thing sot: donald trump (r- presidential candidate ) :53-:59 "i know nothing about it. but i hear it's a very big thing. i hope he solves it. i think he's a nice guy and i hope he gets it solved." trump and cruz have played nice for months but at the center of seven debaters tonight, can the texas senator stay nice, with trump using the birth issue and now finances? sot: matt lewis, the daily caller 1:10-1:17 "if there is a debate question and ted cruz sort of demurs and refuses to say anything critical about donald trump now i think he'll look kind of weak" and time is running out for damage control (insert ends) (two second pause) audio outcue: i'm steve handelsman, nbc news, washington. >> 18 days out from the iowa caucus, hillary clinton's edge over bernie sanders has shrunk to just two percentage points in bloomberg/d

i think more than anything else, the loan from goldman sachs, wife works at goldman sachs not that he was shown favorability in this loan or anything else but i do think that that plays against the type that he is trying to portray on the campaign trail and that could damage him. >> i've seen this in people that adore ted cruz, they know all this about him but they like him because he still has conservative principles going through the circles. he has a fine pedigree. >> i would disagree. for a lot of voters in iowa this is new information and that's the big risk. for those voters looking for a tea party purest, the idea of an association with goldman sachs -- >> the bailout. >> right. >> one thing to talk about new york values which is big and another to put an exact name on it and wall street firm. >> then you have a problem. >> a problem. >> challenge here is not to get into the weeds, not to get into legal llies when he answers thi question but to somehow portray himself as consistent with the perso persona. if he comes across as a hypocrite, he has a problem. >> anything that cos

. >> reporter: cruz also took heat for failing to disclose a million dollar loan from goldman sachs used to finance his 2012 senate campaign. >> yes, i made a paper work error, disclosing it on one other. >> reporter: >> someone who lies to the four victims in the benghazi can never be president of the united states. >> if she gets elected, her first hundred days, instead of setting an agenda she might be going back and forth between the white house and the courthouse. >> reporter: trump refused to back down from his proposal to ban muslims into the united states but some of the approach to the hot button topic. >> you can't just ban all muslims. you have to ban radical extremist jihadist. >> reporter: the candidates get another chance to face off in two weeks, just days before the iowa caucuses. rand paul, who missed the cut for the main stage debate, did not attend. a number of his supporters interrupted the moderators at one point, chanting for the kentucky senator to be included. the democratic candidates will have one more chance to debate before iowa. that, too, will happen here in

it doesn't work that way, goldman sachs owns him, remember that folks, they own him " jack: trump has been hitting cruz hard on the trail this week, continuing to call into question cruz's citizenship and ties to the oil industry. cruz will be back in iowa this weekend. "your watching local 5 news at 6 in hd with jack miller, stephanie angleson, we are iowa's most accurate forecast with chief meteorologist brad jack miller, stephanie angleson, we are iowa's most accurate forecast with chief meteorologist brad edwards, and local 5 sports with sports director jon schaeffer. this is local 5 news at 6. we are iowa." stephanie: mc-combs middle school students got to experience the iowa caucuses a little early. stephanie: two seventh grade classes went through the democratic and republican caucuses at school today to learn about the special voting process. both classes chose hillary clinton as their democratic candidate, while ben carson and ted cruz won the republican vote. students were taught how both the caucuses. "students want to inform their parents, informed about this. teach them a

back loaning the family a couple dollars, his wife works for goldman sachs.dman sachs seems to be one of the most active, passive institutions in the country with a lot of money available. >> no matter what, it makes money. they have all pledged that next treasury secretary will not be a goldman sachs ceo. probably a good them going forward. but the critical thing, before a voter gets to vote, we're down to 3 candidates that absurd, there is a long way to go. if people are willing to stay in the race it could change. lou: politics? getting expensive. >> actually voters getting to vote, and make the decisions as opposed to poll steres. lou: i am for that. that said, who do you am will win iowa. >> i think if -- if it is a traditional turn out cruz. a higher turn out it would be trump. >> i think it is the test of trump, will the people. he does not have a huge organization but a lot of people who have not voted before are those who are polling for him. let's see whether they turn out, if they do he wins. lou: i am excited to see as you say, votes getting count

i never heard the goldman sachs line. in the same way, yes, some months ago, donald trump was not at all bothered by ted cruz having been born in canada. i would say ted cruz was not at all bothered a few months ago by donald trump having new york values. i remember that big meeting they had. i think ted cruz was thinking donald trump was not going to hang in this and he was going to be able to inherit his supporters. now they are running against each other and it changed. ted cruz is surging in iowa and going to get attacks. this is the race for presidency. everything is fair and love and war and a republican primary is war. >> it will be interesting to see on the debate stage tomorrow night how trump and cruz deal with each other. in the past we've seen them back off when they are on stage face-to-fa face-to-face. he told trump told erin burnet he won't bring up the issue of cruz' citizenship and eligibility. >> he probably won't be trump bringing it up. he tends to like, to fight off the debate stage in rallies or on t

a fraud for mocking new york while grabbing a huge loan from goldman sachs. he also says he has a nasty personality and can't get deals made in washington. let's watch. >> you have a big lawsuit over your head while you're running. and if you become the nominee, who the hell knows if you can even serve in office? >> to the best of my knowledge, not too many evangelicals come out of cuba, remember that. >> he is a total hypocrite, how about his fundraising and does the financial disclosure form, and he doesn't put on there that he takes money from goldman sachs. he is a nasty guy, nobody likes him. nobody in congress likes him. nobody likes him anywhere once they get to know him. he is a very -- he has an edge that is not good. you have somebody that can't get along with anybody in washington you will not get deals done. you have to get deals done. we can't keep invoking the executive orders like obama does because he can't get deals. >> cruz says trump has values as a closet liberal and doesn't have the temperament as commander-in-chief. >> donald comes from

seen as a villain. >> he has a financial relationship with goldman sachs, no worse brand name for the populist wing than that. >> reporter: donald trump is playing born in the u.s. a ahis rallies to mock cruz being born in canada. he's calling the cruz finance story a very big thin >> i know nothing about it. but i hear it's a very big thing. i hope he solve it is it. i think he's a nice guy. >> reporter: trump and cruz have played nice for nths, but at the center of the debaters, can they stay nice with trump using the birth issue and now finance. >> if there is a debate question and ted krooukscruz refuses to say anything critical about donald trump now, i think it will look weak. >> reporter: and time is running out for damage control. not far from this site is the charleston church where nine were murdered. tonight along with isis, the economy and immigration. from north charleston, south carolina, steve handelsman, nbc 6 news. sdloo some sad news to report here. whether you remember him as hans, professor snake, everyone can agree that actor alan rickman was just plain go

goldman sachs recently fined $5 billion.oldman sachs has given this country two have secretaries of treasury, one of the republicans, one on the democrats. the leader of goldman sachs is a billionaire who comes to congress and tells us we should cut social security medicare and medicaid. secretary clinton, you are not build one, so i don't mean to just point the finger at you, you received over $600,000 in speaking fees from goldman sachs in one year. i find it very strange that a major financial institution that pays $5 billion in fines for breaking the law, not one of their executives is prosecuted while kids who smoke marijuana get a jail sentence. amy: in their closing remarks both candidates brought up the water crisis in flint michigan where the city's water supply lead afternated by was switched to the long pollutedlint riv in a bito saveoney. lester, i spent a lot of time last week being outraged by what is happening in flint, michigan, and i think every single american should be outraged. we have had a city in the u

goldman sachs' tentative deal with the >>> good morning. topping "america's money" -- goldman sachs tentative deal with the government. >> it has agreed to pay more 5$5 billion for peddling toxic mortgages. >> the penalty is the largest in the country's history. >>> and chipotle taking a drastic step. >> the chain will close all of its stores for one day, february, 8th, to talk to employees about food safety, the closure is expected to last several hours. >>> driverless cars, the government plans to spend 4$4 billion to develop the technology. deadly crashes and could lessen grid lock. >> this is going to save parents so much time during drop offs and pickoffs. >>> that's "america's money." when i lay in my tempur pedic contour then i slowly feel it start to kind of wrap itself around me. my mind just kind of goes blank. then the next thing i know it's morning. with tempur-flex you've got the spring and bounce of a traditional mattress then it also adjusts to my body. my cloud feels so comfortable. it feels like somebody's hugging you. how

of -- she ishief the cio at goldman sachs. mostwriteup was one of the read stories on the bloomberg terminal today because people are trying to assess the impact. you say it is overstated. i would say that's first based on no hard landing. if china is having a hard landing, that should not derail the u.s. recovery or the u.s. bull market. betty: or the global recovery. >> or the global recovery. if we think about the impact of china or the u.s. economy -- because we do think the u.s. economy is the main driver of global growth -- what percent of u.s. exports go to china? ..7% what about bank exposure? if people are worried about a .epeat of mortgage exposure bank exposure to china is about 0.8 percent. in general, when we look at the impact of china and the chinese it does not warrant the kind of reaction we have seen year to date or in august. betty: you say this is predicated on a believe that china is not going to crash land, right? that they will be able to make a slower but relatively high growth rate. what is that assump

clinton would have to pay the feds most of those goldman sachs fees in taxes.ake a look at hillary clinton's point of view. like senator sanders, she wants the government to pay for, quote: debt free college education. child care, family leave, free medical insurance for those who have none. also, she wants equal pay for women mandated in the private marketplace. and with all of that, she believes she can unite americans. >> i would be working in every way that i knew to bring our country together. we do have too much division, too much mean spiritedness, there is a lot we have to do on immigration reform, on voting rights, on campaign finance reform. buff we need to do it together. >> wow, that sound bite sounds like the song happy together by the of my favorites and it's just as realistic. apparently mrs. clinton doesn't understand that more than half the population doesn't trust her according to recent polls. how could she possibly bring folks together to drastically change the nation the way she wants to? in theá debate last night. secretary clinton did not

i don't get personal s saking fees from goldman sachs. sec. clinton: i can take that, but he's criticized president obama for taking donations from wall street, and president obama has led our country out of the great recession. sen. sanders: you've received over $600,000 in speaking fees from goldman sachs in one year. sec. clinton: you're the only one on this stage that voted deregulate the financial market in 2000. husband would play if she won the white house -- sec. clinton: it will start at the kitchen table and we will see there. emissary to go around the country to find the best ideas we've got. andrea: asked whether he regrets having called bill clinton's past transgressions disgraceful and unacceptable, sanders called it old news. sen. sanders: i mean this seriously. you know that. we've been through this. yes, his behavior was deplorable. have i ever once said a word about that issue? no, i have not. andrea: but sanders showed no reluctance to trumpet his surge in iowa and new hampshire polls, . sen. sanders: when this campaign me.

over the last 30 years, goldman sachs has operated a revolving door. and goleave wall street into government, do the bidding of wall street and go back to the private sector. goldman sachs is given this country two secretaries of the treasury. that's how the system works. the government works for big money. it turns out the guy that is head of goldman sachs, the financial institution that paid $5 billion in settlements with the government is a billionaire who, a couple of years ago, went to the congress and said, you know what? you've got to cut social security, medicare, you got to cut medicaid. this is coming from a billionaire whose company paid a $5 billion fine for ripping off the american people. when we talk about why the american people are angry and why they are increasingly alienated from the political process, it has a lot to do with the fact that there are kids in new hampshire and kids in vermont that get arrested for possessing marijuana. and they get a police record. and when you are the ceo of a multibillion-dollar financial institution

. >> you've received all the $60 million in speaking fees from goldman sachs in one year. i find it very strange. >> lauren: hick and bernie sanders sparring on gun control and wall street. good morning, everybody, i'm lauren simonetti. >> jo ling: we will bring you overseas reaction as the market braces. >> lauren: u.s. stock markets are closed today but it's business as usual in markets overseas. >> jo ling: peyton manning leaves the broncos, almost blow a massive lead but wins. >> lauren: let's kick it off this morning, democratic presidential candidates hillary clinton and bernie sanders clashing, key issues gun control, healthcare, wall street reform and taxes. >> instead of paying ten thousand dollars to blue cross or blue shield, yes, some middle-class family would be paying more in taxes, the result would be that the middle-class family would be saving $5,000. hick hick i will hillary >> i will not raise taxes. >> that is nonsense. >> he has voted with the nra, gun lobby numerous times. >> he has criticized president obama for taking donations from wall street. >>

sources that goldman sachs -- essay goldman sachs -- sources essay goldman sachs may lay off staff.rsening income inequality -- the world bank says the internet is worsening income inequality. hit the green to with jordan spieth. on what he will be paid for the multi-year deal. stocks and commodities have not had a good start to the year. while many hedge funds have been getting crushed come a qr's crushed, as -- qr's -- >> i don't want to win for too much from it. hedge funds complained there was not enough volatility. they did. a boring market, not enough going on, how do you make money. i would not buy that excuse. there is no perfect market. you can make or lose money in any market. i don't think anyone will make money all the time. can't point to the current environment and say who can make money now. it has not been a particularly tough time for us. we will have tough times when other people don't. that happens. what we try to do is pretty uncorrelated. it is hard for me to address this. i don't want to be too short-term about it. a lot of people are trying to do the same thin

it's been a rough ride for 2015 for stock players and goldman sachs is taking note. downgrading it's forecast stay tuned on what's ahead for markets as earnings season gets underway. the flu virus hits big. with aches, chills, and fever, there's no such thing as a little flu. and it needs a big solution: an antiviral. so when the flu hits, call your doctor right away and up the ante with antiviral tamiflu. prescription tamiflu is an antiviral that attacks the flu virus at its source and helps stop it from spreading in the body. tamiflu is fda approved to treat the flu in people two weeks of age and older whose flu symptoms started within the last two days. before taking tamiflu, tell your doctor if you're pregnant, nursing, have serious health conditions, or take other medicines. if you develop an allergic reaction, a severe rash, or signs of unusual behavior, stop taking tamiflu and call your doctor immediately. children and adolescents in particular may be at an increased risk of seizures, confusion, or abnormal behavior. the most common side effects are mild to mo

goldman sachs employees his wife heidi cruz. cruz has called it all a filing error, and donald trump says it's a big thing. we're going to find out how big because he also says he's going to bring it up in the debate. joining me now, fox news chief political anchor, host of special report, bret baier. bret, good to have you with us, and along with business correspondent adam shapiro, good to see you. >> good to see you, lou. >> let's turn first if i may to the cruz filing error, as he calls it. bret, a big thing, as donald trump suggests, says outright? >> listen, on the story itself, it is a million-dollar loan against his own assets, and the big part of it is that it's an fec filing violation. it is not legal to not have it filed. the cruz campaign and senator cruz himself says he's going to take care of it by amending the filing. the reason it may be a bigger deal is because it brings in the specter of goldman sachs when he's trying to be the every man on the ground in iowa, and brings up that his wife works for goldman sachs

mentioned in a year from goldman sachs.he really -- you know, this point that he's emphasized on the campaign trail, his crusade against wall street, his belief that the system was rigged and the big banks have to be broken up and wall street has to be brought to heel. and he clearly believes that hillary clinton disagrees. >> and this was another moment where you saw hillary clinton wrap herself in obama. >> yeah. >> tell you about dodd-frank. and who did dodd-frank? president obama. let me bring in -- we'll bring in surrogates for all of the campaigns. the first one up is pat devine, chief strategist for the bernie sanders campaign. i assume you thought it went well. >> we did. >> let's get that over with. it was a different bernie sanders tonight. he was aggressive and went after hillary clinton on a lot of things. we just talked about. i'll be honest with you. i remember you saying a few months ago that that wasn't the type of campaign we'd be seeing. why bring up speaking fees? is that not a personal attack? i was surp

alix: that was the goldman sachs head of commodities research.ll have more of my commodities with him as the charts that have the oil bulls scared. ♪ scarlet: breaking news on jamie dimon -- the ceos pay being boosted to $27 million for 2015. his salary portion is way 1.5 million and the rest is variable compensation including restrict did stocks, $28 million worth. is spooking oil investors question mark is u.s. oil reduction. here is the dream -- u.s. production rolls over, demand strengthens and boom, higher oil prices. 3009s the problem -- hundred 94 -- that's how many wells that are in the u.s. that are drilled but not completed for three months or more. bloomberg intelligence did a great analysis on this. i got an itemized printout on how much exxon thought it would take to build a shale well. this is in oklahoma -- total $9 billion -- $9 million. typically, drilling makes up only 35% of the wells cost, so to drill andheaper not frack and wait for higher prices. this is what bloomberg intelligence found when they crunched the numbers. when

a major settlement for goldman sachs. jill wagner is at the new york stock exchange with that and more. good morning. >> reporter: good morning. asian markets saw another day of steep losses after the latest round of disappointing economic shanghai com toss sit dropped 3.5% and hang seng lost 1%. stocks on wall street rebounded scoring biggest gain in over a month thanks in part to a small rebound in crude oil prices. the dow rose 227 points, the s&p gained 31, the nasdaq added nearly 89 points. >>> goldman sachs agreed to pay $5 billion to settle claims stemming from its sell of mortgage-backed securities. the settlement with the justice department and state regulators concerned securities sold in the years leading up to the housing bubble and subsequent financial crisis. goldman is one of the last banks to settle with regulators. >>> jetblue's website is back up-to-speed this morning. online check-ins and booking services disrupted yesterday due to a computer glitch at a verizon data center. the trouble affected jetblue