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? >> he's your competition. >> yes. 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 in cherry coke, but let's cut that sweetness with a lot of

and lloyd blankfein has been burning up the phone lines. who got the big call and why? >>> and joe theismann is back. a look inside his playbook and his pick for the super bowl. opinions. there's no shortage in this world. who do you trust? whose analysis is accurate? how do you make sense of it all? a simple, unbiased stock score consolidated from the opinions of independent analysts... is that too much to ask? nope. equity summary score, powered by starmine, will help you execute your ideas with speed and conviction. and it's only on fidelity.com. open an account and find more of the expertise you need to be a better investor. ameriprise asked people a simple question: in retirement, will you have enough money to live life on your terms? i sure hope so. with healthcare costs, who knows. umm... everyone has retirement questions. so ameriprise created the exclusive confident retirement approach. now you and your ameripise advisor.... can get the real answers you need. start building your confident retirement today. mand i'm a troubleman for pg&e. i've been with pg&e for

don't take my word for it, listen to one of wall street's most powerful executives, lloyd blankfein, ceo of goldman sachs. he talked about the destabilizing impacts of income inequality. here's what he said. too much of the gdp over the last generation has gone to too few of the people. standard and poor's recently issued a report explaining that income inequality is stifling. gdp growth at a time we're still climbing out of the great recession. a rising tide lifts all boats, but a lifeboat carrying few surrounded by many treading water risks capsizing. just three days ago, this is what janet yellen said. the extent of, and continuing increase in inequality in the united states greatly concern me. it's no secret that the past few decades of widening inequality can be summed up as significant income and wealth gains for those at the very top, and stagnant living standards for the majority. so people across ed yo logical spectrum recognize americas best when we share in the sacrifices and spoils. gilded ages will never be golden ages in america. in today's political climate, and the po

lloyd blankfein and got $126 million in the past five years through that fund. investment of bank of america merrill lynch. enough on this jury of let's get to something important. i just look at the fixation >>. >>membership has its privileges. >>. . oh stop. i just don't get it. perhaps i will get economics of -- perhaps they will get back to the economics of david woo's textbooks. will we see instability? >> i think we will. good news has been good news. bad news has also been good news. bad news means the fed is going to do more. that is good news for financial markets. forward, you have to recognize that now that the fed has exited qe, the political is so fareenter qe down the line, things would have to get a lot worse. qedo they like in their migration to the animal spirit of a given nation? how do they link this decision train? >> you could say now that it did not take very much bad news for them to justify qe. would have to believe that things will have to get a lot worse. when he said that we may not end qe, the stock market has not stopped rallying cen

but brian wanted to be more like jamie dimon and lloyd blankfein and james gorman at morgan stanley,airman and ceo. he wanted that as well and the board gave it to him and now there is a complaint. that, he should be paid like them, right? >> if the stock had performed as well, bank of america has had , major league mortgage related problems that all the banks have. maybe he will be paid like that at one point, but he is at least chairman and ceo now. some people do not like that. a good argument that he wants to be reflected in the same way, as you say, would , major league mortgage inet goldman or jamie dimon at jpmorgan, and ease in -- even wells fargo? >> yes, it is a club, and these guys like to have egos and be considered in similar ways. sometimes, real leadership calls them doing things shareholders would appreciate, like separating the roles. that could be considered genuine, admirable leadership on wall street, of which there is very little these days. i think this will be a great opportunity and would have been a great opportunity for bank of america to show a clear path f

gary cohen and lloyd blankfein spreading good cheer, hugging it out?> tomorrow morning they will start calling people. it has been a month-long process the summer. they have been scrutinizing these candidates for partnership and tomorrow they let them know. problemat erik -- "the --" >> this is a ceremonial title. i was going to say "at best," but it is more than just the ceremony because you make more money, too. >> md at a different bank -- >> this is a more selective group. and they have 400 partners. this is the cream of the crop, so to say. you have a real stake in the firm. >> what are the lasting perks of being a goldman partner? >> the typical salaries $900,000 for a partner. that is not all of your pay. there is a bonus pool that goes , and it is partners a small piece of the pie but it is nice and you get access to what we wrote about today, the private equity funds that are run for the employees. >> what is that? walk us through it. >> is set aside a portion of the bonus to be invested in these are investedese alongside goldman with the prin

we asked lloyd blankfein about that day a couple of days after the fact. re's what lloyd said at the time. >> there's el mentes in the market start too look like elements of the equities market where automatic auditors are put in, you get gappy kind of moves and we're seeing that in the treasury market compared to a -- you know, ironically, maybe less efficient in some ways, but often more orderly market where dealers with a sense of responsibility to their clients stand in smooth out the flows. that's an element that also, in other words, sociology of the market has moved not just the regulation or -- and maybe they're related. >> now, two, three, steady over the past week. >> there was a criminal investigation a long time ago into someone knowing in advance the government was going to get rid of 30-year -- boy it seemed like this is like that. just it was the government went after the people who got the -- got a couple of seconds advance on the 30-year going away, government put people in jail. it was criminal prosecution. shocked people there hard to mov