we have former goldman sachs lloyd blankfein and mohamed el erian and andrew yang.e right back. the world's first fully autonomous vehicle is almost at the finish line what a ride! i invested in invesco qqq a fund that invests in the innovators of the nasdaq-100 like you become an agent of innovation with invesco qqq >>> investors bracing for the busiest week of earnings season as the markets look for more fuel to hit fresh records. >>> the head of the cdc issuing a stark warning on the federal government's grasp of the covid vaccine rollout. dr. scott gottleib joins us to talk about the latest on the battle against the virus. >>> and president biden's stimulus plan and focus for investors, ways and means committee ranking member kevin brady will join us the second hour of "squawk box" begins right now. >>> good morning welcome to "squawk box" right here on cnbc i'm andrew ross sorkin along with becky quick and joe kernen. u.s. equities things looking up in the green the dow -- well, actually now the dow has turned around. down 24 points i should say. the s&p 500 is

we're back say allows a fair for what i call financial terrorists some people just call them lloyd blankfein friends and there's going to be in the law and so this abuse by regulators will continue and again back to gold for a 2nd so the reason why because it is being gold so badly is because it's not price discovering gold lawrence it's a better market i mean you know if there's anything just very goldman sachs said it was going to bristle just the way a reporter you know recounts are going to go allows that exist and i suspect the loads is larger and so you know it's not really press that are a stand people like that or shift ok i understand the calls fan and he doesn't like decline but he never mentions the fact that gold is a captured market that doesn't have true price discovery just pass a spec going so it's a same place remarkably intellectually you know bereft of any rail analysis here the evidence is overwhelming and the banks are pleaded guilty to manipulating the market multiple times they've paid. hundreds of millions of i'm just not billions and nothing has been no nobody's goin

former goldman sachs chief lloyd blankfein says that bitcoin could be a nightmare and that makes owning them a nightmare in the first place. >> if you cannot monitor who is paid in the financial system, how many regulators do we want that to work out well in the long term. like a lot of things, this could be workable, but it will undermine thefreedom and liberty and kind of the lack of, lack of transparency that people like about it in the first place. so that is the conundrum that bitcoin has to deal itself out of. if i were a regulator, i would be, kind of hyperventilating at the success of it at the moment, and i'd be arming myself to deal with it. >> incoming secretary treasurer janet yellen said the government could curb the use because of illicit activity. and phil, glad to have you with us, and somebody operating in the bitcoin space, whether a fund or elsewhere, they say that regulation is good for the industry, and so what type of regulation, would you like to see happen, because a lot of the people are talking about the use for illicit activity and not being able to trace it,

where spacs fit in in terms of the overall market narrative and certainly earlier on "squawk," lloyd blankfein weighed in. >> if investors lost money, people are going to say, you achieved the economic equivalency of an ipo, but where was the process and diligence that we all associated with a rigorous ipo diligence process and that kind of drops out now, i'm not saying that they're all bad, or that any of the ones that you could bring up are better some of these won't work and my advice to people who are doing this now would be really, really diligence, really, really document, but you know, again, in hindsight, if something goes bad down the road, people will look back and show charles to follow. >> wow >> jim adam, made the argument this morning, that look, we're all trying to be well behaved public companies on the other side why should you look negatively upon us as we go through this crucible in a different way? >> well, look, i think that people are genuinely excited a lot of what is going on are younger investors, i hate to keep coming back to them, but they're very excited about what