and joe goldman. that was taken at jewish heritage night for the first time ever. we worked with the mayor's office to create a jewish heritage night in city hall. it was a beautiful celebration and we are so grateful to mayor lee. one of the top roles is to be the voice of the jewish community and that includes work being city officials. that was a wonderful exam. you mentioned abby port. she is an outstanding leader. >> we are blessed to have her. and what are some of the challenges that you see for the future of jc rc? >> i think one of the overriding challenges for our community now. if there is greater polization around isreal and remains a strong consensus. we are firming that consensus while maintaining the views within our community i think will continue to be a challenge going forward. simultaneously, we have seen a growth of antiisreal activity in the bay area. being able to address that challenge while continuing with our proactive intergroup relation, civic engagement work is critically important. so to be able to kind of maintain both sides of the equa

scarlet: wasn't goldman sachs not so long ago, joe, pointing out that the transitory effects of oil falling will not be transitory much longer? joe: that is exactly right, because everybody's been talking about 2016 as oil is going to stabilize and rolloff but if it continues, we won't get pickup in inflation from the base effects. binky: i think we will. as you look at core inflation and break it up into services and goods, the impact is basically encore goods. -- on core goods. most of that has already happened and the action is about core services, which have been moving up pretty steadily here. is going tonk that react. scarlet: one thing we have noticed -- our reporter on the stoxx team has written about this -- if you are going to long stocks during the earnings season, that paid off in 2015, even of it was not a great year for equities overall. if you just went in entering earnings season, you get the left. do we repeat the pattern for this earnings season? binky: i think so and it is not because of earnings but because of the buyback bid that goes prior toackout period reporting and

. >> joe, caterpillar, downgraded to a sell over at goldman sachs. >> the interesting thing about this is he didn't even wait for earnings on thursday before the bell. he put the note out today, a $51 price target on it, a $58 price now as it currently exists. that's a lot of confidence in what's going on right now. the stock has been in the deceleration mode since 2012. >> a lot of confidence or lack thereof. >> lack thereof, correct. a lot of confidence in his call though. >> could you almost hear what doug is going to say? >> he's going to have to say something about cap e ex expanding. and since 2012, this is a stock that has been in a significant down trend. >> kimberly-clark missed. >> they missed due to exchange. that's a common theme in the earnings season. here's the problem with kimberly-clark. we're expecting flat revenue growth over the next year. if you've got flat revenue growth, everything that hurts you on the cost side is going to be a killer. and that's why this thing is not getting out of its own way today. >> the good news, the ceo is going to be with one jim cramer

we knew these suppliers to mining companies were not going to do well but goldman cut its rating to sell and lowered estimates. joect that they continue to disappoint after being hit so much as per the remarkable at this point. alix: "what'd you miss?" the u.s. economy and volatility we have seen may not be as bad as we think it joining us is wrote aenglander, who recent report explaining just that. you said it is fear among the markets may be an overreaction. tell us why. steven: first, we have been here before, because this sounds like last year. when you are seeing is a drop in oil prices, which is very specific to the oil market. we know they are contributing to a slight demand imbalance. the drop in oil prices is seeping into every asset price, whether it is oil-related or not . we know the issues with china and for all we have been buying china for the last decade or 15 years, we also know that the specific mistakes they've made, demographic and policy issues they are confronting, it is still back over so dramatically into asset markets seems overdone. in particular one of the things i've been looking at is

thatding to goldman, coincides with flat or negative gdp in the u.s. joe not in the red zone yet. alix: i've been looking at something really boring -- oil. mightg theme was russia get with opec and there might be a joint cut. cut productiont because it actually can't cut production. if you cut production in the winter, it's unlikely those wells will ever come back to service. so if you cut now, they are done forever. producers inil siberian fields, their decline rates have accelerated, so they are paring back production but they cannot go and take the rig out, otherwise that oil is gone forever, sewed don't be misled by the headlines. joe: i did not know that. scarlet: how do you interpret all of this soap opera drama? and cut,you leave that's a different story and that is what won't happen. joe: i want to look at something else that has to do with oil. we've been watching to see a there some sort of deterioration in the labor market and i like to look at the 52 week moving average. it really gets rid of the week to week noise. line is texas state wide in

alix: that was joe weisenthal in doubles.chwab we will be right back. ♪ scarlet: i'm scarlet fu. "what'd you miss?" goldmanting tomorrow before the bell. revenue may decline 7% year on year but the revenue comps versus the third and fourth quarter of last year may be a boost as well. alix: i'm taking a look at bank of canada. they have their rate decision tomorrow. will there be a cut and what is their outlook for inflation and growth, particularly with canadian oil prices getting so hammered right now. scarlet: that's all today. mark: is this one a game changer you betcha. mark: on the show tonight, for guests. but first, she is back. sarah palin endorsing donald trump at a rally in iowa. that is bad news for ted cruz who wrote on twitter the

joe goes under you go to another one. if a giant bank goes under the risks to the system are enormous. >> the average person in the country doesn't have a bank account. goldman sachs became a commercial bank for the money. >> but citibank and bank of america, they have a lot of accounts at those places. there is no reason to put them at risk. there is no point. >> there are 1200 banks in the country. they can't grow because the large banks stay large by government feiat. >> what's the point in punishing them? >> if they take a risk and fail, they fail. i don't understand why they have to save them. >> the rich guy at the new york yacht club isn't the one who's punished. it's the ordinary investor. >> i'm not trying to say that. the ordinary american has been punished. americaned had $1.3 trillion in savings. it's down to $700 thousand. >> thousand? >> $700 billion: millions lost their homes. their wages are down. >> that's not the bank'sle fault. >> we saved the banks and it did nothing for main street. >> that's not true. there would be a great depression. >> a lot of people in this country are in a great depression. >> if i could step back. >> the banks ha

goldman sachs. apologize. megan: sanders is going big in iowa today. sean: still to come, if you bought cashews at trader joe' s recently, check your pantry. the nuts could be contaminated. aixa: jobs and the economy -- how those issues are playing on the campaign trail. erin: come and get help desk part of a police chief -- come and get there are two democratic visions for regulating wall street. one says it's okay to take millions from big banks and then tell them what to do. my plan -- break up the big banks, close the tax loopholes, and make them pay their fair share. then we can expand health care to all, and provide universal college education. will they like me? no. will they begin to play by the rules if i'm president? you better believe it. i'm bernie sanders she's always stood strong... ...to get the job done. hillary clinton. she stood up to china... ...and spoke out on women's rights... ...went toe to toe with russia on human rights. insurance companies spent millions against her... ...but hillary didn't quit until eight million children got health care. i've never been called a quitter and i won

joe rundle. >> thank you. >> nicole: china to buy ge appliance unit for $5.4 billion, the move will allow higher to expand its business overseas. goldman5 billion-dollar settlement over mortgageback securities. this is the largest settlement in the history of the wall street firm. by land, air and now sea, amazon looks to arrange ocean freight. pursuit to handle logistics of package delivery. dropping the price for prime subscription service to $73 from $99 for this weekend. >> lauren: and coming up more highlights from the debate last night included this heated exchange between donald trump and ted cruz on citizenship. >> interestingly enough donald j. trump would be disqualified. [laughter] >> but i was born here. >> on the issue of citizenship, donald -- >> we will tell you why this exchange stood out the most among viewers. you're watching fbn:am, first look at morning markets and breaking news. you focus on making great burgers, or building the best houses in town. or becoming the next highly-unlikely dotcom superstar. and us, we'll be right there with you, helping with the questions you need answered to get your brand new busines

joe biden says he still thinks about what might have been. biden decided not to run for president because his heart wasn't in it. now he says "i regret it every day." julianna goldman has the story. >> reporter: the vice president did a round of interviews to talk about president obama's executive actions on gun contro but just months after announcing he wouldn't challenge nomination, the vice president made clear it's still something he thinks about daily. >> i regret it every day, but it was the right decision for my family and me. >> reporter: in an interview with wvit, vice president joe biden conceded he still is conflicted about his decision not to run for president. >> i plan on staying deeply involved. we've got two good candidates. there's a real robust debate between hillary and bernie. >> reporter: biden's remarks come nearly three months after announcing he would not run for president. >> i believe we're out of time, the time necessary to mount a winning campaign for the nomination. >> reporter: the vice president always said it was the grief over the death of his son, bo, from brain cancer that made the decision so difficult. >> i went out to denver an

joe biden says he still thinks about what might have been. biden decided not to run f/r presidint because his heart wasn't in it. now he says "i r rret it every day." julianna goldman has the story. >> reporter: the vice president did a round of interviews to talk about president obama's control, but just months after ananuncing he wouldn't challenge hillary clinton for democratic nomination, the vice president made clear it's still something he thinks about daily. >> i regret it every day, but it was the right decisionor my fafaly and me. >> reporter: in an interview with wvit, vice president joe biden conceded he still is conflicted about his decision not to run for president. >> i plan on staying d dply involved. we've got two good candidates. there's a real robust debate between hillary and bernie. >> reporter: bidenen remarks come nearly three months after announcing he would not run for president. >> i believe we're out of time, the time necessary to mount a winning campaign for the nomination. >> reporter: the vice president always said it was the grief over the death of his son, bo, from brain cancer that made the decision so difficult. >> i went out to den

>> for "cbs this morning saturday," julianna goldman in the tents caused by a defective air baghe japanese manufacture takata. dimarco morgan has more. d joe knight was driving this ford ranger when a his car struck a cow in the road.piece of shrapnel out of the air bag killing him. the spokesperson for the national highway traffic ration. >> this is a national safety crisis and precipitated by the tact that they manufactured millions of defective inflaters and then provided incomplete, on inaccurate information to nis force shattering the metal inflater and sending shrapnel flying into the vehicle.on vehicles are now involved. stephanie was injured when her air bag exbloeded in instant blindness followed by gushing blood. it was terrifying. >> takata vehicle are struggling to make enough air bags for millions of vehicles already rerecalled. and tens of millions more may still need to be recalledture. for "cbs this morning saturday" ." >> if to check if your car or truck is being recalled find an updated list on cbs ime to show you some of the mornings head lines. the new york city e consultant robert lechbsen. it did not know of lechbsen'

goldman and sachs. if it's not true, i'll apologize. it's true. >> it is true. her usual fee $225,000. more than four times the median american family income. >> sanders got back up recently from joeus has been other things and that's been bernie's, no one questions bernie's authenticity. >> bernie sanders isn't letting it go. now to use clinton's goldman and sachs ties to raise money. >> i have been working against inequality since i was right out of law school. i've been trying to wrk for the odds for people left behind and left out. >> they don't sound that different from donald trump's lines about the fact he doesn't need to take money from anybody to run the campaign he has. you're seeing the clintons make the elect blt argument. they have a strong hand based on sander's background but i'm starting to wonder if somebody in the clinton camp shouldn't get on the phone. >> this is a fascinating debate. we heard in that piece hillary clinton say i've been working on income and equality since law school and trying to take a piece of bernie sander's argument. he says you've been doing all these things with wall street, how can you say you're the person going to take down the banks

joe biden might have been. biden said on wednesday, i regret it every day when asked by an interviewer about his decision not to run. julianna goldman is in washington with more. >> reporter: the vice president did a round of interviews to talk about president obama's executive actions on gun control, but just months after announcing he wouldn't challenge hillary clinton for the something he thinks about daily. >> i regretted every day, but i know it's the right decision for my family and for me. >> reporter: in an interview with hartford, connecticut, station joe biden says he is still conflicted about his decision not to run for president. >> i plan on staying deeply involved and we got two good candidates. there is real robust debate between hillary and bernie, as there would have been if i had gotten in the race. >> reporter: biden's remarks comes nearly three months after he announced he would not run for president. >> i believe we are out of time, the time necessary to mount a winning campaign for the nomination. >> reporter: the vice president always said it was the grief over the death of his son beau from brain cancer that