and should lloyd blankfein be a little concerned about his firm's performance in this quarter? charlie gasparino looking exclusively at some potential red flags for goldman investors. stay tuned, we're coming right back. ♪ ♪ hi honey, did you get e toaster cozy? yep. got all the cozies. [ gra ] with n fedex one rate, i could ll a box and ship it r one flat rate. so i kn untilt was full. you'd be crazy not to. is tt nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is... 3 million homes. 2030, investments in energefficiency could help americans save $300 billion each year. ake the energy quiz. energy lis here. try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with align. ♪ ♪ liz: three people over the holiday weekend said to me, i wanted tesla. can't afford it yet, but the power mover of the hour is tesl

what would you make lloyd blankfein?t of all, i would chop one of the hot dogs -- do i get more than one hot dog? i would chop one of them up and dredge it with flour and salt and pepper and some cayenne and make it nice and crispy and hot. i would take the other one, i would butterfly it open until it was flat, dredge in flour and bread crumbs. i would make a hotdog schnitzel and serve it with a crispy hotdog salsa. >> nice. >> yes, please. >> i'm up for that. bobby? >> he is the ceo of mcdonald's, you said? i'm not going to try to serve him a hamburger. i think mcdonald's could use a little more vegetables in its life. so, i will use the sweet-and- sour sauce and i will do a roasted cauliflower, agua dulce, sort of sweet and sour with some red chilies and put it in an earthenware dish, and put it in an oven and roast it. there you go. >> sounds good. tom? >> a midwest guy, he probably likes beef. so, let's braise some short ribs with cherry coke and let's cut that sweetness with a lot of vinegar. >> rachael? >> i do ma

you know, if lloyd blankfein's going to do interview, he'll do puff piece, softball interviews.eing asked te tough questions. but talking to people anecdotally, there is something going on here where the firm is adapting to these rules, and the impact right now is being felt in the middle of the firm where people are complaining about not being paid. and if they could, they will be leaving the firm. you know, this may last a couple weeks, or it may last -- excuse me, a couple years, or it may last for, you know, ten years. i can't tell you. i do know this, there's a lot of talk about whether goldman can -- they need some of the restrictions of dodd-frank, the volcker rule by giving up its status as a bank holding company. remember, it's considered a bank. cheryl: under the fdic, yeah, financial crisis. >> i still think that is a very difficult thing to do. i think, you know, even if it was no longer a bank holding company, goldman has a small bank, and what the federal government did post-financial crisis, put goldman in with banks so they have access -- i really think the capit

leasing market maker let me jump back in for it's a market maker that of course in the case of lloyd blankfein over goldman sachs every time there goldman sachs or j.p. morgan is caught rigging markets or manipulating markets could be the london whale here in the u.k. they fall into this defense well we're the market maker and they and they and the regulators say oh well that's ok now what's wrong with that defense talk about a little bit well a market maker has a perfectly valid function it's like the house in the casino has a perfectly valid function but you only let them have so much you know that at the moment that they taking far more than they are due from the market i'm not saying the markets have completely lost touch with reality it's just that the casino this casino is rigged what i do say in the oil market and over. we were talking about he was what i call micro on the day manipulation you know my views the oil markets on a macro scale over many years have been way higher than they should have been because there are people part this is the oil market in particular because there are

a jerk you could still be a really good business person we've talked a lot about people like lloyd blankfein who great the fact that they are kind of a jerk to other people actually makes people think that they're more legitimate business people it depends entirely on the industry and we talked about steve jobs someone who i think the best thing he did was brand himself screw the i pod the best thing he ever did was show himself as this titan of genius and the fact that he was in seemed to show that he really knew what he was talking about but when you're actually bashing your customers rather than treating him employees or people that you might work with their source information from right when you're starting to bash your customers the people who are actually buying your product that's when you're going to have some issues and alienate people and yeah that would make you a bad business person if i might have screwed. but he didn't bash them publicly that's all we have been having you can see all segments featured in today's show on you tube or you tube dot com. we love hearing from you so

and chairman i don't know whether you and the lloyd blankfein why can't we thought why can't we send our pranksters to jail ronald reagan sent banks to jail i mean to do charles keating ronald reagan through his but jail you know much to john mccain's sugar and still nicole why are we doing i'd say i mean senator warner warner she acts the same question i think a couple months ago in one of the committee hearings you know it doesn't this activity borderline criminal some of the things that these banks have been getting away with the reason that we got into the recession to begin with in two thousand and eight someone needs to pay the price for it and i understand you know there are you know now giving billions of dollars an ounce of the federal government to you know the terms of settlement for these various lawsuits with the d.o.j. but if that really enough isn't it j.p. morgan just admitted not just to screw it up or something or breaking rules but to climbs actual. a criminal admission and you know it's like if the four of us had gotten together after a show and you know gone down

good parasite but when the parasite gets bigger than the host as in the case of jamie diamond or lloyd blankfein the parasite gets bigger than the global economy then you have a parasitic world driven by parasitic needs ruled by parasites and that's not really help. anybody well the parasite and the host get bigger and bigger and they need to consume more more more to sustain themselves but you know look back at that image again and this is the absurdity this is exactly as absurd as the banking system is right now is like this little absurd creature sitting at a fish's tongue. you know you can just look at me when he's on the news like. you know that's to me as a parasite. you know and as money comes into wall street jamie scoops it up. and it comes into his gills and it makes them stupid you know parasites one of the ugliest so obviously in that situation with the tongue eating i supplied if you put out the fish no longer has a tongue so it needs it but we're going to look at these next few headlines to whether or not we can remove this absurd ugly sort of fish tone that we have in our own bank

a good parasite but when the parasite gets bigger than the host as in the case of jamie dimon lloyd blankfein the parasite gets bigger than the global economy then you have a parasitic world driven by parasitic needs ruled by parasites and that's not really helping anybody well the parasites on the host get bigger and bigger and they need to consume or more more to sustain themselves but you know look back at that image again this is the absurdity this is exactly as absurd as the banking system is right now is like this little absurd creature sitting at a fish's tongue like jamie done and you know you can just look at jamie when he's on the news like. you know that's to me as a parasite. you know and as money comes into wall street jamie scoops it up. and it comes into his gills and it makes of all the stupid. parasites one of the ugliest so obviously in that situation with the tongue eating ice of pot if you will put out the fish no longer has a tongue so it needs it but we're going to look at these next few headlines to whether or not we can remove this absurd ugly sort of fish tone that we

lloyd blankfein will be in good company. leon glass is said to also be one of the buyers. residences rose 36% through october in the depth of the crisis. >> i am a coral gables guy. no, i'm not. [laughter] a woman called mirabelle -- >> a woman called merval runs the art collection down there. she was quoted as saying that the market in miami is on steroids. this vanity that they will be hanging out by the pool together is a joke. they are never down there at the same time. i don't think i was ever outside during sunlight hours when i was there. >> but you are aware of the mango club in south bay. .> seÑor frog is a favorite >> imagine what you could have bought the company for two or three years ago. it had to of been a lot cheaper. >> if you go five years ago, 2009, people were handing over the keys to the condos. and thanks for saying, show me a bit. stories of people getting one bedroom condos in brand-new developments for cheap. >> i literally counted 76 cranes in one afternoon of all the new buildings that were going up right before the big rust. -- the big bust. >>

good parasite but when the parasite gets bigger than the host as in the case of jamie diamond or lloyd blankfein the parasite gets bigger than the global economy then you have a parasitic world driven by parasitic needs ruled by parasites and that's not really help. anybody well the parasite and the host get bigger and bigger and they need to consume more more more to sustain themselves but you know look back at that image again and this is the absurdity this is exactly as absurd as the banking system is right now is like this little absurd creature sitting at a fish's tongue. you know you can just look at me when he's on the news like. you know that's to me as a parasite. you know and as money comes into wall street jamie you scoops it up. and it comes into his gills and it makes them stupid you know parasites one of the ugliest so obviously in that situation with the tongue eating ice of pot if you will put out the fish no longer has a tongue so it needs it but we're going to look at these next few headlines to whether or not we can remove this absurd ugly sort of fish tone that we have in our

>> lloyd blankfein, the ceo of goldman sachs. >> availed himself of this provision. >> mark zuckerbergcebook. >> charlie ergen from --. -- dish. >> ralph lauren. >> $100 billion. how did we come up with that? >> every year, the estate and gift tax system rates is about $14 billion. since 2000, the guy who set up this technique estimates his technique has cost the government more than 100 billion dollars. no one really knows for sure. that is about a third of all the estate and gift taxes collected during that time. >> he is a lawyer and an accountant? >> he invented the original loophole in the 1980's. he saw the error in what they had done and took them to court and proved that there was an even bigger loophole. >> here is what i want to know most. how does this guy feel about this frankenstein's monster that he helped create? >> he is a tax lawyer. [laughter] no one is doing anything illegal here. >> do tax lawyers feel good about the things that they design a tax avoidance scheme that is legal and which it would appear dozens of extraordinarily wealthy americans are availing themsel

and, you know, every year jamie dimon, lloyd blankfein, they get richer by orders of magnitude. unfortunately, theants happening for the rest of the country. median household income hasn't changed since 1987, and our poll shows that's going destroy the american dream by 2/3 of americans. they say that everybody doesn't have an equal chance to get ahead here. 64% say the odds are stacked against people. you would think that also would be -- >> does that mean the american dream is dead? >> well, it could. >> dying? >> it's a problem. they worry about insurrection in the streets, but you think this would all be, you know, a symptom that you see among those who make the least, but it's amazing how widespread it is, even among those who are making more than $1 hundred,000 a year, 60% say that income inequality is a problem. this is across income levels. >> the real people are concerned about income inequality. there's a warning in these numbers for politicians, particularly the pope ar tim late it. the gap between rich and poor getting bigger all the time, still continuing, according

lloyd blankfein of goldman sachs with a beard. his is good?'s right to wear whatever facial hair they like. for some people wearing a beard looks great good that people in our office at harry's who wear beards. our philosophy is you don't always have to shave but when you did you would hopefully consider us hurried >> what is your goal for 2014? how much do you want to make? >> we want to deliver people amazing experiences. we deliver customer satisfaction and it has been incredible for us to see our scores double what they are for leading brands. everyday i talk to customers who are having a better experience with the product and that makes us really happy. >> eyeglasses, shaving, keep going down the face and the next thing is bowtie's third jeffrey raider, thank you so much. >> working down the body. >> we want to include a twitter question of the day this morning. why is twitter trying to change its blocking policy? thomas outrage last night when twitter prevented him from being able to block a the people that were trying to follow him. >>

charlie gasparino here now with exclusive detail why goldman ceo lloyd blankfein is worried. i hate to give the postmortem that they're dead before they die. we have a few weeks left in the quarter. goldman is known to pull rabbits out of its hat. adam: enough to make his hair fall out? >> or grow hair or something like that. but basically when you talk to analysts, what is the big worry inside goldman sachs right now? there is definitely a worry about having, a, a second straight lousy quarter. lori: right. >> trading which is their bread and butter. m&a doesn't do it as much anymore. this is not a retail firm. they have a lousy asset management firm. where does goldman make money? generally equity business isn't so good. it has to be trading. if they don't pull one out of their hat on trading this could be two quarters in a row, last quarter was disasterous for goldman and it would be another sort of indication their business model is problematic and they have to do something quick. now, is there any indication from inside goldman that they're ready to buy a retail brokerag