we will talk to jan hatzius who raised his numbers yesterday. sign we're heading into the holiday season. they are getting ready to raise the tree at rockefeller center. this holiday season, get ready for mystery. what's in the trunk? nothing. romance. 18 inch alloys. you remembered. family fun. everybody squeeze in. don't block anyone. and non-stop action. noooooooo! it's the event you don't want to miss. it's the season of audi sales event. get up to a $2,500 bonus for highly qualified lessees on select audi models. >>> payments, start ups, jack dorsey says square suspected to sell 25 million shares at $11 to $13 a piece. valued lower than in the private market that will be a topic of conversation today. >> this shows realism among people who are venture capitalists that they got ahead of themselves. i like square. i like electronic payments. i think that starbucks is ahead of them. starbucks were together and there were some changes there. if you like square, you should buy starbucks. starbucks is a technology company that sells coffee. >> yo

first on cnbc we welcome back goldman sachs chief economist jan hatzius. you think the fed next year raises rates one time each quarter. really? snool yeah, that's all baseline. i think that's the most likely. >> a quarter point each time? >> a quarter point every quarter. it's a straightforward forecast in an environment where the economy does more or less what it has been doing in terms of growth, nothing too different. >> does that fit the criteria that janet yellen and stand fisher and others have set where they promised that it will be a gradual, very, very grat ul rise in rates over time? >> yeah, i mean, i think for one thing i wouldn't say they promised necessarily, i think they expressed an expectation but i don't think there's a commitment there to do anything other than do, you know, what seems to be the right thing given the economy. that's one point. the other point i think is that going by about half as much, half as quickly as you've gone in past cycles to see that seems pretty gradual. >> you have positive views on what's happening with the