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

coming up, goldman sachs ceo lloyd blankfein declaring today we should prepare for the advent of what he calls the chinese century. it's one of the most popular stories at cnbc.com. we'll see if it makes the cut for the hot list next. and hollywood, long known for being superficial. but racist? no one spared including president obama. we'll have the latest from tinsel town just ahead. (vo) rush hour around here starts at 6:30 a.m. - on the nose. but for me, it starts with the opening bell. and the rush i get, lasts way more than an hour. (announcer) at scottrade, we share your passion for trading. that's why we've built powerful technology to alert you to your next opportunity. because at scottrade, our passion is to power yours. >>> welcome back. crude oil is under more pressure after hours, lighting up the hot list, alan waste her joins us now. how bad is it? >> it's pretty bad when you look at oil, but it's bringing a lot of traffic to us right now. people have been eating up the oil coverage. right now a little analysis by john shone p taking a look at the winners and losers and w

>> yeah. >> all right. >> lloyd blankfein will take the stage next to that man, andrew sorkin.s wall street debut. we'll speak with the ceo after that opens. the world has gotten, but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. >>> you are watching cnbc "squawk on the street" live from the financial capital of the world. the opening bell in 60 seconds as the s&p trying to avoid four days down in a row. hasn't done that all year. jim, 90% negative breadth yesterday. we know that anywhere from 1-20 days out of that is generally good. we are a retail-based economy. we are not a capital goods based economy. there's the s&p at the top of your screen. down here at the big board. lendingclub an online marketplace connecting borrowers and investors celebrating it

listen, i heard lloyd blankfein yesterday was at a conference where he said how much he loves hillarynton. the real question for him is how much do you love the fact that hillary clinton is taking her orders from elizabeth warren who's the most far left politician out there, who wants to rewrite -- stuart: hillary's not taking her orders from elizabeth warren, she's being forced to move left because of elizabeth warren. that's what's happening here. >> it's the same thing. it's literally the same thing. [laughter] stuart: in politics, you're right. >> so we're going to have a good couple of years here covering elizabeth warren telling hillary clinton what to do. can't wait to watch lloyd blankfein squirm every day, because he's a committed democrat, you know, he's like one of these hillary-crats on wall street. nice guys, by the way, but they're going to squirm because elizabeth warren's going to shove so much down their throat, every day they're going to be puking elizabeth warren for the next couple years. stuart: dramatic language. charlie, thank you very much, indeed, young man. l

on the long-term, i think lloyd blankfein could very well be right.the hurdle is that china has to get so many things right in order for this to be the shine he's century. there was a time when we thought it might be the japanese century and they were in a much better position than the chinese are back then. >> it was the japanese 20 years that we all remember. >> and that we worried about. >> but it's 20 years where it's been -- they've been sort of the poster child for messing up the banking system and everything else. >> or not fixing the banking system for so long, right. >> remember when barry stone came in here and said china was a company masquerading as a country? my question is maybe they put themselves in the same soup we're in. maybe they go on a five to ten-year run. >> they have -- there's so many other levers that they can pull. there was a time when there used to be 200 or 300 ministries. but they're making government smaller and smaller and smaller is less a part of the economy. >> have we met yet on the way up and on the way down? >>

memo that was issued to the bank, this is coming from "the new york times," the company's ceo, lloyd blankfeinwriting that john has helped us to develop many of the firm's most important client relationships and drive our global coverage strategy. mr. waldrin joining goldman sachs back in 2000. mr. weinberg who he's replacing joined the firm back in 1983 and his bloodlines are deep there at goldman sachs, having a father who also worked there as well. back to you, mandy. >> thank you very much, mary thompson. >>> up next, why gm is saying nyet to russian car dealers. we'll be right back. >>> plus, crude falling hard into the close. right now crude oil off about 3.5%, 3.75%, actually. we'll talk this over and we'll see if the selloff continues when "street signs" returns. thanks. ♪ [ male announcer ] fedex® has solutions to enable global commerce that can help your company grow steadily and quickly. great job. (mandarin) ♪ cut it out. >>see you tomorrow. ♪ >>> we are sliding, only a couple minutes to go until it settles. we are ending down over 4%. we were actually positive early on in the day.

. >> that is lloyd blankfein with andrew sorkin. talking about above-trend growth. saying that low oil prices bad to the u.s. economy to him does not compute. nice line on the data out of china. >> asked whether he believed it? >> said, do i believe the numbers? i believe there are numbers. >> nice way to punch. they covered the economy and make macrodata. he doesn't get the argument the drop in oil is bad for the u.s. economy. it's something we heard from larry fink. not to mention jack lew the treasury secretary this morning. >> blankfein going along the argument he made. it's a huge tax cut for the american consumer. we hit $60.09 a barrel this morning. >> oil is flat and energy is a leader in this market rebound, which we are seeing the dow up 170 points. s&p having a 1% move. we are not going to see that four days in a row of declines if we continue in this strength. >> it's still early. >> it is a big day here at the new york stock exchange. lendi lendingclub making its debut. looks like it is pricing above the expected range. bob pisani is on the floor. >> th

. >> that was lloyd blankfein yesterday speaking about the need for tax reform.est host this morning is larry bossidy. he thinks it's possible for congress to pass a tax reform bill in 2015. what puts you in the minority at this point. >> it does. but we've got a new administration. we've got paul ryan in the house, orrin hatch in the senate. they want to do it. the president wants to do it. it would be a business tax reform. it won't affect individuals as least as i understand it. it'll be revenue neutral which means they'll take some of the loopholes away. they don't like bonus depreciation and way of valuing territories. >> don't you have to get rid of research and development on those? >> probably not, but it's up for grabs. then importantly i think we're going to adopt a territorial tax system. to far the discussions have been that 95% of tax, foreign profits will be exempt. in other words, they're be taxed at 1.25%. and for the $2 trillion out there now, it will come back between 3.5%. >> that still revenue neutral? >> it can be revenue neutral, but the pre

there is a great story in the book about a conversation you had with lloyd blankfein around then. >>burning storm or gathering fire is getting a lot of momentum in fall of 2008. the system was on the edge of collapse and it was happening around the world and, whatou people call lehman weekend, that weekend we brought major institutions together at the new york fed to try to figure out a way to contain the damage and avert default by the biggest institutions. at t that weekend lehman and d merrill lynch and aig were all basically at collapse. if they collapsed the system was going to fail and although we were able to find a solution to merrill lynch and aig we, without a willing buyer for lehman we had no good options. i write in the weeks after that when the system was basically breaking down there was a classic run across the system.in i got a phone call one morning from, from this very prominent banker at maybe 6:30 at my desk, i called him right back, you have to get that fear out of your voice. don't talk to anybody else in your firm or outside because if they hear you, it will b

star guests include jack lew, goldman sachs ceo lloyd blankfein. coverage kicks off at 8:30 a.m. europe. >>> what a lineup we've had for the last hour. nick karr is with us. let's talk about the situation in the u.s. in particular, i want to talk first of all about bond yields. still very, very low. to what extent are those bond yields a result of the situation for the rest of the world? and if we see more easing from japan, which one will stay low in the u.s. even if the u.s. is increasing its own rate? >> well, we've had a sort of ripple tiny run of that in the sense that the really short-term rates have nudged up 28 points or so. to some five- year area. particularly jobs data in the u.s. and the longer term rates haven't budged. so we've had that sort of doable and i guess that continues to be doable. i do think it has a lot to do with worldwide conditions, a further china slow down to intensify the pressure downward for u.s. inflation. we're now going to be looking at $2 a gallon. gasoline, we may have a good jobs market in the u.s., but we clearly have no clear and present