well of course the financial district one of the things that you know you mentioned lloyd blankfein he's always selling right is that the mantra lawless be selling always be closing both be selling sell or be sold you must sell or perish you must securitized three securitize financial eyes hypothecate propagate twenty four seven you must always do this to prevent imploding into a black hole of your own nothingness if lloyd blankfein wasn't selling something at this very second he would implode into a speck of dust and never see him again that's why it needs to be stopped by raising interest rates higher because that's the fuel that keeps a black hole of lloyd blankfein criminal enterprise going well. that always be selling we've seen this is that when we were staying at this hotel here i came down into the lobby and i saw the headlines look at this right here always be selling they're selling the war on syria so i thought this was interesting as well for nine eleven sort of special because we protest from the war who profits bono the protest and one of the articles mentions a. quote from

well of course the financial district one of the things that you know you mentioned lloyd blankfein he's always selling right is that the mantra always based oh if the closing both be selling sell or be sold they must sell or perish you must securitized three securitize financial eyes hypothecate react. kate twenty four seven you must always do this to prevent imploding into a black hole of your own nothingness if lloyd blankfein wasn't selling something at this very second he would implode into a speck of dust and we'd never see him again that's why it needs to be stopped by raising interest rates higher because that's the fuel that keeps the black hole of lloyd blankfein his criminal enterprise going well. that always be selling we've seen this and when we were staying at this hotel here i came down into the lobby and i saw the headlines look at this right here always be selling they're selling the war on syria so i thought this was interesting as well for nine eleven sort of special because we protest from the war who profits we both know we've podesta and one of the articles mentions

this on there he's an iran fanatic so he's looking at the profits the so-called profits that lloyd blankfein has stolen from the rest of the population through fraudulent warship mortgage backed securities to front running markets through high frequency trading and he's saying that this is in an absolute objectivist fundamentalist way that the profits are all that matters and the fact that he stole it from you from your granny tough luck that's that's capitalism and his version of it well we've seen this with other fascist regimes and as the wealth confiscation gets more pronounced those who are doing the stealing whether it's the nazis in the thirties or warren buffett in the twenty thirteen period they scapegoat the losers so the losers are being scapegoated i've already mentioned the black community america's being in prison a record amount of the prison population in america is the fastest growing population the prison population in absolute terms is higher than any other country in the world and that's forbes is assisting in this scapegoating of and pretty soon prisons become concentrat

forbes dot com where he's saying that lloyd blankfein is profits make him a holier than the ninety nine percent when as james saft envoy here is pointing out is government policy it's manipulation through the fed that is giving me that has built a moat around goldman sachs and enabled them to profit at the expense of everybody else but this is a failure of all markets signal big due to market fundamentalism the collapse of lehman was a market said no that should should have alerted the government and everyone participating in these markets that their massive reform was needed but instead they interpreted that market saying bill as a way to make the situation much worse again i made the comparison to theocratic fanatical religious extremists who misread their fundamentalist texts and everything they read suggest that they should blow themselves up and other people same thing as lloyd blankfein and warren buffet everything they read says i should blow everything up i should commit mass terrorism that's the message that they get from the fit from the price signals that they receive it's a

model because of financial terrorist like larry summers or lloyd blankfein yeah i think i think their model is becoming closer and closer to ours and i think you're absolutely right that the move to one of the biggest achievements of the corporate greed monkeys across this water haven't gone a bit she is making the idea of the common good of the dirty word here in america the i. we should give a crap what's going on next door in our neighbor's house whether his life is destroyed so so making that a dirty word is one of the biggest successes they've been able to achieve but this idea of spying by the n.s.a. the microsoft examples usually a big player in spying and now they've been allowed to buy a nokia a big european phone company up penalties not they just keep buying stuff but part of the problem of having the state spying on everyone is not so much that you're protecting your privacy but more importantly you're getting rid of the ability to assemble because part of the any opposition would be the need to assemble to create an opposition but if you get rid of it if you remember with

this on there he's an iran fanatic so he's looking at the profits the so-called profits that lloyd blankfein has stolen from the rest of the population through fraudulent warship mortgage backed securities to front running markets through high frequency trading and he's saying that this is in an absolute objectivist fundamentalist way that the profits are all that matters and the fact that he stole it from you from your granny tough luck that's that's capitalism and his version of it well we've seen this with other fascist regimes and as the wealth confiscation gets more pronounced those who are doing the stealing whether it's the nazis in. thirty's or warren buffett in the twenty thirteen period they scapegoat the losers so the losers are being scapegoated i've already mentioned the black community americas being in prison a record amounts to prison population america's the fastest growing population the prison population in absolute terms is higher than any other country in the world and that forbes is assisting in this scapegoating of and pretty soon prisons become concentration camps and

model because of financial terrorist like larry summers or lloyd blankfein yeah i think i think their model is becoming closer and closer to ours and i think you're absolutely right that the move to one of the biggest achievements of the corporate greed monkeys across this water haven't done it steve is making the idea of the common good of the dirty word here in america the i. we should give a crap what's going on next door in our neighbor's house whether his life is destroyed so so making that a dirty word is one of the biggest successes they've been able to achieve but this idea of spying by the n.s.a. and microsoft are examples usually a big player in spying and now they've been allowed to buy a nokia a big european phone company no penalties not they just keep buying stuff but part of the problem of having the state spying on everyone it's not so much that they're protecting your privacy but more importantly you're getting rid of the ability to assemble because part of the any opposition would be the need to assemble to create an opposition but if you get rid of it if you remembe

i don't know, jim, if you heard any of lloyd blankfein. -- >> everybody knows in the end he's always been able to take walk about lightly. he's never been able to take seriously all the different criticism from goldman. i worked at goldman in the 80s. i liked that about him. in the end, he's bullish. i've been there when i've seen he's temperamentally cool in the market. he can say i should have been bullish a 100 and i'm buying back stock. there's just a lot of optimism going around ahead of the fed reserve meeting. i think that's good because it's not all focused on bernanke. >> not bullish on gold and he shows metals, right, jim? >> he sure does. he's not taking a lot of risk. they turn the lights on, they make a lot of money. if the yield curve changes in a little bit, they'll be doing fabulously. >> jim, we'll see you in just a few seconds. >> when we come back, we are just about five hours from the fed announcement. we have a prediction from gary stern right after this. [ male announcer ] these days, a small business can save by shar

stopped by raising interest rates higher because that's the fuel that keeps the black hole of lloyd blankfein criminal enterprise going well. that always be selling we've seen this today when we were staying at this hotel here i came down into the lobby and i saw the headlines look at this right here always be selling they're selling the war on syria so i thought this was interesting as well for nine eleven sort of special because we protest from the war who profits bono the protest and one of the articles mentions a quote from jonathan feldman who we've interviewed here on this show the teachin the global teachin and he says he calls the protestors to war is peace movement has had no luck over the years and he says that the wholesome protesters without portfolio and i thought in light of wall street having always a portfolio with which to sell whatever scam whichever terrorism they have for the american people in the rest of the world it's the protesters have no portfolio when you measure a couple things are first of all this idea that the war in syria needs to be sold in other words there's

everything they read suggest that they should blow themselves up and other people same thing as lloyd blankfein and warren buffet everything they read says i should blow everything up i should commit mass terrorism that's the message that they get from the threat from the price signals that they receive it's a breakdown in capitalism unfortunately and that's predictable because unfortunately the price of money is close to zero and access to money is ubiquitous by the stock receiving america ruled by the least qualified not to mention the kleptocracy on wall street. so had after the break up the united kingdom scotland prepares pro independence rallies of it with almost a year before the referendum are to look at the arguments of those standing for and against separation from the rest. we'll talk about language as well but i react to situations i have read the reports but. no i will leave them to the state department to comment on your minor point. to secure your car is on the job. no. thank you no more weasel words. when you direct question. for a change when you. be ready for a. critical speec

everything they read suggest that they should blow themselves up on other people same thing as lloyd blankfein and warren buffet everything they read says i should blow everything up i should commit mass terrorism that's the message that they get from the from the price signals that they receive it's a breakdown in capitalism unfortunately and that's predictable because unfortunately the price of money is close to zero and access to money is ubiquitous by the stock receiving america ruled by the least qualified not to mention the kleptocracy on wall street. still ahead after the break breaking up the united kingdom scotland prepares pro independence rallies with almost a year before the referendum arteta looks at the arguments of those standing for and against separation from the rest of britain. wealthy british style. is no time to. market why not. find out what's really happened. global economy. kaiser report. mission to teach. but. i didn't know that you know the prize is the only industry specifically mention in the constitution and. that's because a free and open press is critical to our

everything they read suggest that they should blow themselves up in other people same thing as lloyd blankfein and warren buffet everything they read says i should blow everything up i should commit mass terrorism that's the message that they get from the from the price signals that they receive it's a breakdown in capitalism unfortunately and this predictable because unfortunately the price of money is close to zero and access to money is ubiquitous by the stock received in america ruled by the least qualified not to mention the kleptocracy on wall street. the us is cautiously moving towards iran which has recently come out with open hands offering to discuss his controversial nuclear program but white house has said it's ready to talk as long as tehran's willing to provide proof its atomic ambitions are strictly limited to the civil sector and joe rogan from the anti nuclear pressure group the plough shaz fund says this could be a breakthrough for the whole of the middle east. it's clear that there is time and space for diplomacy it's clear that the same sheens that the international communi

everything they read suggest that they should blow themselves up in other people same thing as lloyd blankfein and warren buffet everything they read says i should blow everything up i should commit mass terrorism that's the message that they get from the from the price signals that they receive it's a breakdown in capitalism unfortunately and that's predictable because unfortunately the price of money is close to zero and access to money is ubiquitous by the stock received in america ruled by the least qualified not to mention the kleptocracy on wall street. academics of the city university of new york have called for all charges to be dropped against sixty eight and so rested on tuesday they were protesting after cia chief david petraeus was given a teaching position at the school. has emerged showing police using heavy handed toxics while detaining the protesters were in a park not reports. four star general and former cia director david petraeus recently began his new career here in the big apple as an adjunct professor for the new york city public university known as kuni but his attendan

everything they read suggest that they should blow themselves up on other people same thing as lloyd blankfein and warren buffet everything they read says i should blow everything up i should commit mass terrorism that's the message that they get from the from the price signals that they receive it's a breakdown in capitalism unfortunately and that's predictable because unfortunately the price of money is close to zero and access to money is ubiquitous by the cac the stock receive in america ruled by the least qualified not to mention the kleptocracy on wall street. still ahead after the break breaking up the united kingdom as scotland prepares pro independence rallies but almost a year before the referendum party looks at the arguments of those standing for and against separation from the rest of britain. is probably the most complex. the manana of friendly fire probably extends back to the invention of gunpowder. kill a bunch of people you know don't know what they're up their families there are a us people. right i'm writing. this son of a shoots my brother in the leg not intentional becaus

we'll talk to goldman chairman and ceo lloyd blankfein.ask you earlier what happened there, mr. underwear. what happened in august to aerpostale. >> i stopped buying. >> do you think they ordered all the wrong stuff? >> you mean it's like a jcpenney situation where they just missed the trends? >> it's so hard with teens. >> i have a hard time keeping up with it. >> they were killing it. where did -- >> are you saying -- >> even me with two girls, i'm trying to figure out back to school. they change their minds. >> sycamore partners has taken a nearly 8% stake in the company. >> did you guy cargo shorts? >> i don't let my boy wear them. >> my wife doesn't let me wear them either. >> too sloppy? >> people have problems with cargo shorts. >> it's what i used to see people wear to construction sit sites. i said you're dressing up. the real problem is just to get them to grab a clean t-shirt. >> scott, we've talked a lot about what you're doing with wayin and how social networking is out there right now. we're trying to figure out what the futu

had lloyd blankfein of goldman sachs who said he was doing god's work.he guy who said people in foreclosure should suck anytime and cope. this us worse than that. this is probably the most clueless thing. >> chapter one of public speaking for dummies is, do not use painful events as metaphors and comparisons. you stay away from the holocaust, you stay away from rape, you stay away from slavery, you stay away from lynching. this is just ridiculous. >> ted cruz comparing obamacare to naziism. we live in the era of analogy blows. >> joe biden told a group of black audience they want to put you back in chains. this is something that -- >> that's a clueless statement as well. >> insensitivity is not partisan. >> there's something ridiculous about people using the nazi analogy all the time. nazis are nazis. you don't talk about nazis. >> there should be a letterman top ten list of metaphors you cannot go to ever. >> here's another thing you can't go. to no white person can ever go where ben moshe went with these comments. a millionaire who makes $13 million a

say if i looked at jpmorgan chase, if i look at goldman sachs, there are two outstanding -- >> lloyd blankfeinh always means the leader does something really right. and today is, of course, jpmorgan is being blamed for many things, but i would say they have done an outstanding job, so jamie dimon has certainly done an outstanding job during the whole crisis. one should not forget that, especially not when somebody's criticized. but if you ask me in a broader space, i would say if i look at starbucks and what howard schultz has done, it's really fantastic. a global brand, reinvent something, create a company. that's really fantastic. liz: he is, he is a superhero when it comes to company leadership. give us a name that we might not be familiar with, an up and coming -- maybe somebody outside to have the u.s. that you really think is a future mega-leader and does it right. >> yeah. i have through my activities in asia, i've encountered a ceo from indigo which is an upcoming -- liz: that's an airline, right? >> airline. cheap and fantastic -- liz: in india. >> and they gained over 20% market shar

goldman sachs ceo lloyd blankfein spoke to "squawk box" today on how the firm is positioning ahead of the fed decision. here are the highlights starting with who might be the next fed chief. >> i will have to work with whoever has that job so it is actually quite convenient that i like everybody who's been named. >> and here's what mr. blankfein thinks about the markets and the economy. >> the largest probability is that we muddle through all these things, we're climbing the wall of worry and we're stauntively very well positioned to -- for the economy to keep improving. >> and finally, mr. blankfein on trading the fed. >> i expect -- i think at this point there has to be some cut. i think if it's a number like down $10 billion, the market will be very, very happy. if it's more than that the market will be sad. there's a bill tail wind from the fed and people think, gee, this is the first moment when there's a withdraw of kind of abnormal support for the market. but it's not as big a deal. >> so why don't we start right there. what does the market want from the fed? mike is the chief

had lloyd blankfein of goldman sachs who said he was doing god's work.osure should suck anytime and cope. this us worse than that. this is probably the most clueless thing. >> chapter one of public speaking for dummies is, do not use painful events as metaphors and comparisons. you stay away from the holocaust, you stay away from rape, you stay away from slavery, you stay away from lynching. this is just ridiculous. >> ted cruz comparing obamacare to naziism. we live in the era of analogy blows. >> joe biden told a group of black audience they want to put you back in chains. this is something that -- >> that's a clueless statement as well. >> insensitivity is not partisan. >> there's something ridiculous about people using the nazi analogy all the time. nazis are nazis. you don't talk about nazis. >> there should be a letterman top ten list of metaphors you cannot go to ever. >> here's another thing you can't go. to no white person can ever go where ben moshe went with these comments. a millionaire who makes $13 million a year as a ceo of essentially a t

but they regard it as an important element of their prestige and i think lloyd blankfein and others thinkey view it. they regard it positively. >> did he thank you? >> no, it wasn't my gift, larry, but a committee decision. we're circumscribed, you asked why bank of america is out, the simple answer is price. the price-based index, you have to try and keep the stocks in the index to within a sort of an acceptable range of the median price. bank of america, alcoa and hp were at the bottom of the price range and any decrease was having a small infect on the index overall. the time had come for them to go and we replaced them with stocks that had much higher prices. >> all right. we'll leave it there. let's talk politics like we did on the mclaughlin group. do you buy this? do you think it's credible what's going on in so-called diplomatically that assad going to put his weapons -- his chemical weapon, vladimir putin will help the process, we'll all live happily after ever? will it happen? >> we have taken the decision into the hands of the united states and put it in the tender mercies of v

even lloyd blankfein said the markets would be happy if we got a $10 billion, $15 billion tapering. if we got more, the market would be sad. that's what he said. the market is left wondering why we didn't do it. maybe the economic fundamentals don't support it. >> peter, tell us how to make some money. >> you have to look at today's action. and probably 50 points of the dow's move on the downside was the unwinding -- it was expiration, quadruple wedge. a lot of the movement towards the end of the day was because of that. i'm not looking at 185-point move in the dow. more like 135, 140-point move in the dow. that's what we had on wednesday after bernanke's comments. to me, to make money in this market, i think there are going to be pullback. i think we're going to find levels to pull back to. it's going to solidify at that level and it's going to go back up. >> new highs? >> i think we're going to see new highs, absolutely. i think what we'll see in the third quarter is a very soft market. the earnings are going to be very soft in the third quarter. >> dan, do you agree with that? so

so far, goldman sachs ceo, lloyd blankfein. also on the list. jamie dimon of jpmorgan.mie dimon will be there. liz: that's what it says. deutsche bank -- david: there will be a sidebar to that conversation. liz: bank of america. more breaking news, mark, what is it? president obama is going to speak in just about after an hour, 4:45 is the exact time. david: we will bring you, we assume, it has something to do with this looming government shutdown. we'll bring that to you live. scott bauer, sandy smith, thank you very much. liz: thank you. as the markets and visitors brace for the impact of a government shutdown, one major investor, billionaire investor wilbur ross, is coming into the house to tell us what if anything you need to do to protect your portfolios from any shockwaves from washington. david: also, amc's hugely successful "breaking bad" series finally coming to an end. so can amc come up with an equally popular replacement? or is it the beginning of the end of a golden age for cable? i think it is little too early to say that, for goodness sakes. ♪ ask me what

wednesday, we talk to goldman sachs chairman and ceo lloyd blankfein.nne, and wachovia ceo bob steele. and wait until you see who we have lined up for friday. watch "squawk box" all this week starting at 6:00 a.m. eastern. >>> welcome back to "squawk box." let's get to the new york is stock exchange. jim cramer joins us. 15576, the douchlt we are within spitting distance of another new high. syria is out of the way. i just read something that says assad has a history of diplomatic initiatives that buy time. i don't think anything is happening there. taper is coming but maybe it is only $10 billion. that was or big worry. is there any reason now and even bonds, back to 28 or whatever it is. it looks like all systems go, no? >> i think a lot of people are totally incorrectly positioned here, joe. we are shorting the housing stocks very aggressively. people shorting the banks believing that when summers comes in, the taper you just turned on, a reputation of bernanke. i don't think yellen gets it. long shot, stanley fisher, who was the mentor of larry summ

here's how goldman sachs ceo lloyd blankfein described market positioning earlier on "squawk." >> i expectto be some cut. i think if it's a number like down $10 billion, the market will be very, very happy. if it's more than that, the market will be very sad. there's a big tail wind from the fed. people think there is the first moment of withdrawal of abnormal support for the market. but it's not a big deal. >> steve liesman is in washington with the latest. >> reporter: the market is expecting the announcement of a taper. that's likely going to make for a more complicated statement with new language. here's a guide and how to understand it. we're going to tell you whether the fed tapered and how tapered it was. and then what's the mix of assets to be tapered? will it be all treasury, some mortgage-backed securities thrown in? is there any guidance on how long the federal reserve will maintain the new tapered level and does it play around with the unemployment threshold for raising rates, which is now at 6.5%. looking for a taper of $14.5 billion on average, but a median there of $10 billi

. >> so lloyd blankfein said yesterday, the most important thing any fed chairman can do is the forward guidance, right? >> right. >> this whole game, it's now communication. that's all it is. >> except the market doesn't trust because you've broken the trust. >> he had -- it had to be 95%. we were -- >> except steve liesman will probably tell you, if i remember, that the survey came out. 48% said nothing was going to happen. >> was it 48%? >> no, 48% said something was going to happen. so 52%, the majority of them got it right. and that's what i was pushing back at steve yesterday like, wait a second, if i'm listening to your survey -- >> i looked at that wrong. >> if i'm looking at your survey, i think they're not tapering. and he said, yeah, yeah, but the compilation -- >> it's unbelievable to us. >> the survey was right. the rest of us didn't look at it correctly. >> steve is a flip-flopper. he's worse that carrie. he said you shouldn't change. >> but that's what i mean. the fed wasn't offering enough guidance to change the minds of the people who we generally listen to. and if you

lloyd dow jones blankfein, right? at first i thought it was because his kid's in business school at harvard. they mentioned in the article about gender problems at harvard business school. everyone should read that piece, it's amazing. >> you want to move on? we didn't say anything about nike. is china coming back? nike and u.s. have been strong. i bet you nike is going to be strong in china. >> do we have any statistics, by the way, in terms of how well the stocks have performed? the dow once they've been picked for the dow? >> the ones that leave do better. the ones that leave are the ones that perform apparently better. >> so better off buying the ones that are going out as opposed to the ones coming back. >> should we call meg whitman? >> i actually did wonder what she had to say about this today. >> you always say it's a dow jones company. >> it's a little bit of a blow to psyche. >> yes, ego. >> ego, psyche, but that's it. >> i don't know about rg3's feelings right now. >> no gloating. >> there's 15 games to go