jack grubman is back.t everyone does in the situation, does my homeowner's insurance cover android impacts? we have an answer to that after a short break. >>> jack grubman stepping out weighing in on the dish deal for sprint but also the state of the street. kayla is here with more on what he said this morning on "squawk on the street." >> in the late '90s he was considered the most important analyst on wall street. he participated in ipos and mergers. he was accused of using his influential reports. grubman reflected on his $15 million settlement with the s.e.c. and how wall street has changed. >>> here we are, you know, 12 years later after the grand settlement. maybe a question to ask is has anything changed. i would argue not really. i would say there's maybe change in form but not substance in terms of today's wall street research. >> what grubman means by the form that's changed is the erecting of chinese walls between banks research and investment banking arms. grubman says those are more for optics

then jack grubman makes a return. it's a squawk exclusive you don't want to miss. [ ice freezing ] [ wind howling ] [ engine revving ] ♪ [ electricity crackling ] [ engine revving ] [ electricity crackling ] ♪ we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ >>> welcome back to "squawk box" southbou . time to learn more from my experience with the pros. today we'll be hearing about getting a feel from the game from mike and stephane wineberger, senior portfolio manager at matrix asset advisers. joe, you can make fun of me now. >> ever practiced? >> i don't do any of these things, which will be good for investing, by the way, too. >> just li

. >> it's a dark view of the street but grubman is unapologetic saying he never did anything wrong and that he was targeted baz f of his spotless track record. >> has wall street changed and are the marks free and fair? curt, i see a bullets of finalists. an author of four books including the welcome to power lunch. it's great to have you here. >> thanks for having me. >> do you think wall street has changed? and truthfully it never will. when you have a single business where there is trillions of dollars running through virtually every day, and you have people who if they just, you know, play the game a little bit, if they just cut a corner here or there, they can make millions. you will always have that scenario. >> i don't think that's the perception that a lot of people have. look at jp morgan when they found all the types of stuff that were going on there. that had huge implications for that bank. we're told that the checking and supervision is rigorous. surely some things have changed. >> the question comes down to whether or not the rules of the game have changed. the question i

tomorrow the return of jack grubman. he will be joining us in the 57 a.m. hour tomorrow.and much, much more. a rare interview you can't afford to miss right here only on "squawk box". hey, what's going on here? do you want the long or the short answer? long i guess. chevy is having a great-deal- on-the-2013-silverado- but-you-better-hurry- because-we-don't-want-to-see- a-grown-man-cry-spectacular! what's the short answer? nice. [ male announcer ] the chevy memorial day sale. during the chevy memorial day sale, current chevy owners trade up to this 2013 chevy silverado all-star edition with a total value of $9,250. plus get america's best pickup coverage including 2 years of scheduled maintenance. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you hav

. >> reporter: camry grubman said he lost his life savings $2,000 on a carnival game.se a few things but it did not turn out that way. >> reporter: 1 to win an ex spot connect a gain scott tons of fine and where the contestants tossed balls into a tub. something changed when he started to play for the prize from the ball started popping out. he kept trying to win back his money by doing double or nothing dropping $300 for just a few minutes and returned home to bring $2,300. and lost everything. the game is run by an independent contractor that has a workforce fiesta for years. are there inning scams? >> not that i know of we have operated these things for years. >> reporter: you will not see tons of up fiesta said the independent contractor that run the games is not allowed to set up what investigation is setting up. >> >> reporter: reset as he returned and complained and the man running the game gave him the $600 and filed a report with manchester police. >> catherine: henry is considering an a lawsuit the people state that it would have been much smarter to just in