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May 24, 2024
05/24
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annmarie: we got a fresh call from goldman sachs this morning. most recently they were talking about july. what do you view in terms of the timeline, given what you are seeing about the policies not being so restrictive? alberto: i think here the trade is for next year. yes, we might have one cut this year. our focus is still for zero, but the reality is there is still a lot of cuts priced in for 2025. i think that is wrong. especially with outlook we have for elections. we are going to have a lot of physical stimulus next year. regardless of who wins. there are some scenarios where there is even more physical stimulus and the cbo is expecting, so we have persistent physical, and the mist cuts we are seeing in the market for next year are not going to happen. we might have a cut, but it's going to look like a policy error, and even other central banks are starting to change the narrative. so, we need to learn to live with higher for longer, and there is a lot of asset allocation that has been centered around the expectation of lower rates, and th
annmarie: we got a fresh call from goldman sachs this morning. most recently they were talking about july. what do you view in terms of the timeline, given what you are seeing about the policies not being so restrictive? alberto: i think here the trade is for next year. yes, we might have one cut this year. our focus is still for zero, but the reality is there is still a lot of cuts priced in for 2025. i think that is wrong. especially with outlook we have for elections. we are going to have a...
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May 12, 2024
05/24
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sachs. so the drugs, the leading, the way and the weight loss drug industry, which is expected to be with a $100000000000.00 a year by 20 to see the health and fitness companies are worried. the medications could we shape the business models that's big. now it's andrew follow in vain berlin. he's a senior fellow at the university of oxford and a global health economist. i'm just great to have you with us. first of all, why are these drugs being used as weight loss drugs, so popular? as well as hospital says, as you identified in your introductory passage, the drugs were not originally and developed for weight loss. they were, they, we use for diabetes and of the side effects often was found to be that it would reduce your, your weight. so this phenomenon was really good. come out and clinical trials 234 years ago. and you, my audio that has been a push, consulted, pushed by some of the players in particular, some of the companies. and so you've got that sold in the supply side of the product
sachs. so the drugs, the leading, the way and the weight loss drug industry, which is expected to be with a $100000000000.00 a year by 20 to see the health and fitness companies are worried. the medications could we shape the business models that's big. now it's andrew follow in vain berlin. he's a senior fellow at the university of oxford and a global health economist. i'm just great to have you with us. first of all, why are these drugs being used as weight loss drugs, so popular? as well as...
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sachs and citibank and everyone else. um, so yeah, it was, it was, it didn't make any sense. i mean, there are the reaction, of course, has been quite fierce against what they did as it should be, because i didn't violate any rules or norms. i just waited into a discussion. and i, i don't know this for a fact, but they were, you know, pretty strongly suspect enraged their principal daughter. and they decided that that daughter was more important than myself. but because they, they wanted their money. where does independent journalism go from here? chris? it's tough enough to make a living as an independent journalist, it's tough enough for those outlets to raise enough money to keep going. how can they and how should they confront outside pressures to either skew the news or shut them down? well, the only model left the works is clearly the model of the wealthy donor doesn't work. we tried that, it truce big. we had a wealthy publisher who funded the site and then she tried to fire the editor in chief box. here i organize
sachs and citibank and everyone else. um, so yeah, it was, it was, it didn't make any sense. i mean, there are the reaction, of course, has been quite fierce against what they did as it should be, because i didn't violate any rules or norms. i just waited into a discussion. and i, i don't know this for a fact, but they were, you know, pretty strongly suspect enraged their principal daughter. and they decided that that daughter was more important than myself. but because they, they wanted their...
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yeah, so when i was the university of goldman sachs and i'd be morgan and you know, maryland sort of as big players would sort of hover around the lead universities and try to recruits and since the 5 is still the graduate, so at least create the idea that what success meant as being part of the professional services industry. and that was around but, but i was in the financial sector on the time of the, the financial crisis. and interestingly, since the financial crisis, what happened around the time is actually big tech. started to get more sexy grad. so actually the idea of what was uh, something to aspire to start to shift the next the over the years since a financial crisis. a lot of those graduates started to get attracted to the big tech companies or to defend tech companies. and the fin sex sector is actually the sort of rome with big tech needs, big finance, right? with the automation of big finance. but in the early years, put pose the financial crisis of 2008 the student tech industry kind of look a little bit black. it was a kind of revolutionary democratization of financ
yeah, so when i was the university of goldman sachs and i'd be morgan and you know, maryland sort of as big players would sort of hover around the lead universities and try to recruits and since the 5 is still the graduate, so at least create the idea that what success meant as being part of the professional services industry. and that was around but, but i was in the financial sector on the time of the, the financial crisis. and interestingly, since the financial crisis, what happened around...
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sachs n down, goldman is looking good up 1.13% and earlier kissed $442 a share and that is an all time high. with so much to tackle, you're covered and here to interpret is brian white, internet and software head and deutsche bank chief global strategist. 77% of the companies beat estimates on revenue and 61% beat revenue estimated and how does that look? >> the most important point i would make is looking at things in terms of size of the beat, even in terms of breath, what you're actually seeing is that i a pickup in beats. that's very unusual and in terms of size of beat, we're talking about a beat of s&p over 9% and coming out for a big cyclical downturn and i would argue the bottom up consensus still has to catch up. thinking about and looking at things in terms of growth, we're on track this quarter for 12% earnings growth year over year and that's a third increase in a row so growth is accelerating and looking within the s&p 500, look at it as three groups. there's of course megacap growth and tech where everybody the bottom up consensus, us included was looking for a slow down.
sachs n down, goldman is looking good up 1.13% and earlier kissed $442 a share and that is an all time high. with so much to tackle, you're covered and here to interpret is brian white, internet and software head and deutsche bank chief global strategist. 77% of the companies beat estimates on revenue and 61% beat revenue estimated and how does that look? >> the most important point i would make is looking at things in terms of size of the beat, even in terms of breath, what you're...
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May 17, 2024
05/24
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the company has been working with goldman sachs and morgan stanley. microsoft avoids a u.k. antitrust probe for its partnership with mistral ai. a watchdog group reversed their decision saying microsoft does not have the ability to "materially influence mistral's commercial policy." caroline: quite the frenzy at the start of the weekend, the meme stocks. that's coming to a halt. gamestop falling for a third conservative day. let's break it down. gamestop and amc really soaring at the beginning of the week. amc made the most of it and now gamestop is trying to make the most of it. >> they were able to capitalize that, raising money through sales of new shares. they announced a debt for equity swap. gamestop, to be fair, doesn't really have debt. it seems like gamestop is trying to move to capitalize on the rally. not up the 270% it was at the start of the week, tuesday. caroline: fundamental news, unlike what has driven this rally. they preannounced their earnings. ed: missed what wall street had penciled in. it's not like we can say there are dozen analysts sharpening their
the company has been working with goldman sachs and morgan stanley. microsoft avoids a u.k. antitrust probe for its partnership with mistral ai. a watchdog group reversed their decision saying microsoft does not have the ability to "materially influence mistral's commercial policy." caroline: quite the frenzy at the start of the weekend, the meme stocks. that's coming to a halt. gamestop falling for a third conservative day. let's break it down. gamestop and amc really soaring at the...
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May 7, 2024
05/24
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and critically for our project today, erin also spent 12 years at goldman sachs in services going particularly xi served in china. so xi knows what xi speaks. a senior director and morningstar chair for global energy security at the atlantic council global energy center. and landon was also a colleague of mine both on the nsc and at the department of energy where he has worked for several decades on energy issues. and then finally last but sorting not least jack spencer is a senior research fellow for energy in a mental policy here at heritage in the center for energy climate and the environment. and he previously was our vice president of the institute of economic freedom and opportunity, which is again a very important perspective that jack brings to our project here. he will also be deeply involved in pillar four in his other area of expertise which is civil nuclear energy. so please do join me in welcg them to the stage. [applause] >> in the honored tradition of ladies first, erin, i would just like you, i would like to start with you with a total softball, which is we've had the publicati
and critically for our project today, erin also spent 12 years at goldman sachs in services going particularly xi served in china. so xi knows what xi speaks. a senior director and morningstar chair for global energy security at the atlantic council global energy center. and landon was also a colleague of mine both on the nsc and at the department of energy where he has worked for several decades on energy issues. and then finally last but sorting not least jack spencer is a senior research...
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May 6, 2024
05/24
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we have seen some of the wall street banks like jp morgan, morgan stanley, goldman sachs, over the last couple of years, pulled back because the deal -- there has been a dearth of deal flows and look, there are some barriers -- protectionist barriers happening with china and the united states, that bifurcation but you have gone back into china after exiting 17 years ago. can you give me the justification for that? brian: sure. there is a lot going on globally and in the region. we are righted by our clients. we are seeing a lot of our clients looking for some diversification in their counterparty relations. bmp stands out as one of the leading european banks if not the leading european bank and we are happy to serve our clients and their needs here in asia, in china, wherever it is, actually, but that need for diversification, which is gradually and gently are expanding into that where we see opportunities to help them. stephen: where do you see the best opportunities through the securities venture you are going into and what kind of hiring are you talking about? brian: today is a great
we have seen some of the wall street banks like jp morgan, morgan stanley, goldman sachs, over the last couple of years, pulled back because the deal -- there has been a dearth of deal flows and look, there are some barriers -- protectionist barriers happening with china and the united states, that bifurcation but you have gone back into china after exiting 17 years ago. can you give me the justification for that? brian: sure. there is a lot going on globally and in the region. we are righted...
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May 7, 2024
05/24
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>>> goldman sachs announcing that robert kaplan is rejoining the firm as vice chairman and a member of the management committee. most recently kaplan served as president and ceo of the federal reserve bank of dallas that was from 2015 to 2021 kaplan initially joined goldman in 1983 and became a partner in 1990. >>> disney's earnings conference call is under way. julia boorstin joins us know wih the latest. >> shares are trading down about 8% premarket this as the company beat on the bottom line with earnings per share 11 cents above estimates what we're seeing right now, that outperformance, ethe stock is being weighed down by the fact that revenue was a hair short of expectations. the company also gave warnings that the direct-to-consumer entertainment business would report a loss in the fiscal third quarter. they also said they don't expect to see subscriber growth in the quarter. as the linear networks continue to struggle, excluding espn, operating income at those networks fell 22% in the fiscal second quarter entertainment streaming, though, is a bright spot with $47 million in di
>>> goldman sachs announcing that robert kaplan is rejoining the firm as vice chairman and a member of the management committee. most recently kaplan served as president and ceo of the federal reserve bank of dallas that was from 2015 to 2021 kaplan initially joined goldman in 1983 and became a partner in 1990. >>> disney's earnings conference call is under way. julia boorstin joins us know wih the latest. >> shares are trading down about 8% premarket this as the company...
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May 7, 2024
05/24
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. >>> goldman sachs raising the price target on nvidia despite the run up so far, goldman sees positive eps division >>> citi raising the target on gap gap to a buy it expects sales and earnings upside for the retailer. >>> time for the global briefing the central bank in australia is raising the forecast due to higher energy and services inflation. >>> amazon is investing $9 billion to expand cloud infrastructure in singapore. amazon spent $8 billion in singapore since opening in 2010. >>> and european earnings with ubs rallying as it reports the first quarterly profit since the takeover of credit suisse last year sergio ermotti spoke out earlier today. >> in the u.s., for example, we grew in the share of banking revenue from 20% to 30% on a year on year basis that is aligned to the strategy to reinforce our frances globally that is the main driver that is the factor over offsetting with the slowdown in revenues in fixed income and partially offset of the iequity of 3% >>> bp is confirming a $2 billion share buyback. >>> infineon cutting after reporting the drop in the first quarter re
. >>> goldman sachs raising the price target on nvidia despite the run up so far, goldman sees positive eps division >>> citi raising the target on gap gap to a buy it expects sales and earnings upside for the retailer. >>> time for the global briefing the central bank in australia is raising the forecast due to higher energy and services inflation. >>> amazon is investing $9 billion to expand cloud infrastructure in singapore. amazon spent $8 billion in...
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May 29, 2024
05/24
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neil: one of the things i pointed out, the big performance, caterpillar and goldman sachs, let me step back and get your thoughts on just how this market has been going, technology it stock, still a significant one, i wonder if a lot of people are plowing into this realizing i've got to have anything and go into that. it's very difficult, these companies have strong earnings. what do you make of that? >> there's a lot of question how much higher can it go and how much more do you want to pay for a pricey group of stocks particularly with nvidia. nvidia is so different it feels like apple. back in 2007 when they unveiled the iphone for the first tips, they are a market leader, to run an ai artificial intelligence. neil: i don't mean to jump on you. any slowdown, a cfo will tell the boss got to cool these chip purchases, things are slowing down. it is so psychological, what do you think of that? >> we could have a bumpy row. and particularly if the inflation data. it's a bump going forward, a straight up projector he. when you see more stocks from other sectors picking up, seeing those t
neil: one of the things i pointed out, the big performance, caterpillar and goldman sachs, let me step back and get your thoughts on just how this market has been going, technology it stock, still a significant one, i wonder if a lot of people are plowing into this realizing i've got to have anything and go into that. it's very difficult, these companies have strong earnings. what do you make of that? >> there's a lot of question how much higher can it go and how much more do you want to...
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May 21, 2024
05/24
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goldman sachs is there's barely any more upside to come through for the s&p. but they are still there expecting that 20%. he got it wrong last year and he got her on year before as well. he was overly bullish last year and overly bearer the year prior to that. but nonetheless, that's his view in the stand out. nvidia in the ai effect. he said geopolitics concern, risk around the consumer being freed. those are all on his list of concerns. plenty more coming up. we will speak with the cfo of astrazeneca on the companies once in a decade capital market today. that is next on markets today. plus, the president of the european people's party is going to speak to the polls ahead of those upcoming european parliamentary elections. up next it is markets today. this is bloomberg. ♪ and they're all coming? those who are still with us, yes. grandpa! what's this? your wings. light 'em up! gentlemen, it's a beautiful... ...day to fly. how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy
goldman sachs is there's barely any more upside to come through for the s&p. but they are still there expecting that 20%. he got it wrong last year and he got her on year before as well. he was overly bullish last year and overly bearer the year prior to that. but nonetheless, that's his view in the stand out. nvidia in the ai effect. he said geopolitics concern, risk around the consumer being freed. those are all on his list of concerns. plenty more coming up. we will speak with the cfo of...
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May 6, 2024
05/24
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bloombergreports the company is working with goldman sachs and ubs and cic on a listing that may happen as soon as this year and could raise as much as $300 million in the offering. momenta was founded in 2016 from engineers of microsoft. >>> and boeing is lan launching astronauts tonight on the star liner. the program faced years of delays with unmanned test flights hit with software and equipment issues. starliner will blast off on the rocket from cape canaveral in florida and it is the first time astronauts have been launched since the 1960s. frank. >> thank you. >>> turning attention to china. growth in the services sector slowing in march according to the latest survey and still indicating expansion for the 16th straight month. this as consumers continue to hold back on spending in the face of ongoing uncertainty. we have eunice yoon with more from beijing. >> reporter: thanks, frank. if you want to know what is going on wlt cith the chinese consumer, look at this latest company which launched the chinese burger. it is going head-to-head with do mcdonald's. it has 6,100 stores. wha
bloombergreports the company is working with goldman sachs and ubs and cic on a listing that may happen as soon as this year and could raise as much as $300 million in the offering. momenta was founded in 2016 from engineers of microsoft. >>> and boeing is lan launching astronauts tonight on the star liner. the program faced years of delays with unmanned test flights hit with software and equipment issues. starliner will blast off on the rocket from cape canaveral in florida and it is...
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May 23, 2024
05/24
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larry, i send it back to you and saying goldman sachs ceo saying no rate cuts this year. back to you. larry: i think he's on target. thank you, gerri willis. bring in our distinguished experts and mike summers, president and ceo in the american institute and michael faulkender and former assistant treasury secretary and jackie deangeles, cohost of the big money show. jackie, i'm going to begin with you on the stock market. higher for longer. i think that's a key story here. >> the market's finally getting it; right, larry. you come on the show and we come on and talk about the data and there's no reason for the market to think it's going to get rate cuts this year. yet it's been very exuberant and congressmens from jamie dimon. larry: what's he say something >> we could see a hard landing after all and jerome powell didn't get this right and we'll be stuck in a state of stagflation. why the action is really important is because it separates ai out from the rest of the market is doing. ai is going to continue to move forward and we're in the very early innings of this and
larry, i send it back to you and saying goldman sachs ceo saying no rate cuts this year. back to you. larry: i think he's on target. thank you, gerri willis. bring in our distinguished experts and mike summers, president and ceo in the american institute and michael faulkender and former assistant treasury secretary and jackie deangeles, cohost of the big money show. jackie, i'm going to begin with you on the stock market. higher for longer. i think that's a key story here. >> the...
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May 16, 2024
05/24
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sachs, microsoft, united health and caterpillar, very diverse group and in addition to earnings, luke warm cpi inflation data released yesterday that stoked enthusiasm and stoking the trade and pricing a 68% chance of first rate cut in september. bond yields are lifting off six-week lows. larry, back to you. larry: great stuff, gerri, appreciate it as always. all right, folks, phony cbo inflation report that cover up for harmful effects of bidenomics joining me now talking about it is art laffer, great art laffer. former reagan economist and we welcome back texas congressman and budget chairman jodie arrington. let me get this right, phil swagle, the ceo director, he's a republican. i don't know what he's doing, but he's covering up biden inflation by using 2019 as a base instead of 2021. i and numbers. hear me out, i'll be through with it in a second. actually inflation rate under biden annualized is 5.6% at annual rate. under mr. trump's four years, this is biden three years and one quarter. under trump's entire administration, it was 1.9. 1.9 trump, 5-point # biden. second point is
sachs, microsoft, united health and caterpillar, very diverse group and in addition to earnings, luke warm cpi inflation data released yesterday that stoked enthusiasm and stoking the trade and pricing a 68% chance of first rate cut in september. bond yields are lifting off six-week lows. larry, back to you. larry: great stuff, gerri, appreciate it as always. all right, folks, phony cbo inflation report that cover up for harmful effects of bidenomics joining me now talking about it is art...
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May 20, 2024
05/24
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sachs describes this company is the most important in the world, what's your take on how significant nvidia will be? >> it is hard to argue that. there are very few single companies in the globe who can influence the macro markets. there are only one or two and nvidia is right up there. last time they did earnings was in february this year. since then, nvidia's stock is up more than 30%, it has driven significant gains across the tech really not just in the states but globally. when you think of a company with a couple of trillion dollars worth of market cap rising 30%, that is a significant amount of global money which has been sucked into just one company, into the whole tech and ai narrative. if they were to wobble, if they disappoint or do not meet outlook expectations, earnings they may well be able to, but it is where they are able to go in the months ahead. if they don't meet expectations there, that stock could reverse very quickly. we have seen periods this year when $200 billion of market cap has changed in one day, which is a significant amount by any standards. if we had
sachs describes this company is the most important in the world, what's your take on how significant nvidia will be? >> it is hard to argue that. there are very few single companies in the globe who can influence the macro markets. there are only one or two and nvidia is right up there. last time they did earnings was in february this year. since then, nvidia's stock is up more than 30%, it has driven significant gains across the tech really not just in the states but globally. when you...
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May 31, 2024
05/24
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eli lily hitting a 52 week high after goldman sachs says it sees the obesity drug market growing to $130 billion from 2030 which is upper my prior forecast. on the other hand, we have gilead sciences hitting a 52 week low after his bladder cancer trial failed in its latest test. it rebounded a little bit now but still a little depressed there. let's take a quick check of the markets. the tide has turned for the s&p 500, currently lower by 0.4%. we are looking for declines of almost 2%. that follow several weeks of gains but the streak has been broken. the nasdaq 100 is off by about 1%. that does it for bloomberg markets. i am katie greifeld and this is bloomberg. ♪ hi, i'm janice, and i lost 172 pounds on golo. when i was a teenager i had some severe trauma in my life and i turned to food for comfort. a friend told me that i was the only one holding me back from being as beautiful on the outside as i am the inside. once i saw golo was working, i felt this rush, i just had to keep going. a lot of people think no pain no gain, but with golo it is so easy. when i look in the mirror, i don
eli lily hitting a 52 week high after goldman sachs says it sees the obesity drug market growing to $130 billion from 2030 which is upper my prior forecast. on the other hand, we have gilead sciences hitting a 52 week low after his bladder cancer trial failed in its latest test. it rebounded a little bit now but still a little depressed there. let's take a quick check of the markets. the tide has turned for the s&p 500, currently lower by 0.4%. we are looking for declines of almost 2%. that...
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May 15, 2024
05/24
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goldman sachs, family office, here the other day. daniel loeb takes a new position in vistra recently and says, quote, after our investment the market started to focus on two trends we think will have profoundly positive impacts on vistra value. incre increased intermittent generation and an inflection in power demand from ai/data points and evs. you have very smart people surrounded by some very smart money all in on this trade. do you believe in that? >> there may be some -- where there's smoke, there may be fire there. i worry about jumping on the a.i. train after this big move. remember, utilities were amongst the worst performing sectors last year. there's a big reason for that because debt-to-equity ratios are off the chart meaning high and free cash flow for the sector was decelerating. what's really interesting is that the fundamental picture of utilities, it was beginning to improve late in the fourth quarter. that's why we moved to more of a neutral. we were underweight last year. and traditionally we don't like utilities,
goldman sachs, family office, here the other day. daniel loeb takes a new position in vistra recently and says, quote, after our investment the market started to focus on two trends we think will have profoundly positive impacts on vistra value. incre increased intermittent generation and an inflection in power demand from ai/data points and evs. you have very smart people surrounded by some very smart money all in on this trade. do you believe in that? >> there may be some -- where...
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May 6, 2024
05/24
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. >> goldman sachs. >> igr. >> uranium. >> all right, guys. i'll see you in a little bit. ♪ >>> quickest final trades ever. thanks, scott. welcome to the exchange. i'm tyler mathisen in for the last time for kelly evans because she's coming back tomorrow. the annual berkshire hathaway meeting is in the books now. berkshire is sitting on and whether it is time to return some of that cash to shareholders, and if so how? we will talk about all of it ahead. he's back. former starbucks ceo, he's
. >> goldman sachs. >> igr. >> uranium. >> all right, guys. i'll see you in a little bit. ♪ >>> quickest final trades ever. thanks, scott. welcome to the exchange. i'm tyler mathisen in for the last time for kelly evans because she's coming back tomorrow. the annual berkshire hathaway meeting is in the books now. berkshire is sitting on and whether it is time to return some of that cash to shareholders, and if so how? we will talk about all of it ahead. he's...
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May 7, 2024
05/24
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goldman sachs' david tsolomonun. >> there is a possibility of a rate cut or two this year. i could also see if the data, you know, doesn't prove to move in a direction to support that, we could stay where we were. the fed is clear. we are watching that data. until they see, you know, inflation come in a little bit more, they will be cautious on whether or not they move. >> citigroup's jane fraser says this is cis complicating the fe job. >> we have to see services inflation and we need more data points. it's hard to get a soft landing. we're hopeful. it is always hard to get one. so far, the fed is trying to navigate a complicated system. >> we have ubs ceo telling cnbc this morning that the jury is still out when it comes to rate cuts. >> i thought it was too much of a bullish view on the matter. i mentioned before we are still pricing in three rate cuts for the rest of the year. the jury is still out in my point of view. inflation is sticky. it remains to be seen if rate cuts are enough and needed to sustain this new environment in terms of control of the inflation and am
goldman sachs' david tsolomonun. >> there is a possibility of a rate cut or two this year. i could also see if the data, you know, doesn't prove to move in a direction to support that, we could stay where we were. the fed is clear. we are watching that data. until they see, you know, inflation come in a little bit more, they will be cautious on whether or not they move. >> citigroup's jane fraser says this is cis complicating the fe job. >> we have to see services inflation...
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May 3, 2024
05/24
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sachs and comcast and ibm. this is after the company reported the fiscal second quarter results and authorized the biggest share buyback ever and biggest in the history of corporate america. $110 billion on that buyback. that is 22% more than the $9$90 billion more than the board authorized last year. when it comes to the business of making money, apple says sales fell 4% year on year and iphone sales fell more than 10%. the company blames on a tough year on year comparison. speaking with our steve kovach, tim cook did not provide guidance, but said sales would grow in the second quarter. if you remove the $5 billion from the rltsesults, we would h grown this year on a year on year basis. mac sales were up 4%, but below the high watermark set in 2022. services is bouncing back. sales rising more than 14% to $24 billion. when it comes to china, sales were down year on year, but not as bad as feared. what about a.i.? nothing material to note. cook teased the a.i. reveal is coming up soon. frank, shares are up 6%.
sachs and comcast and ibm. this is after the company reported the fiscal second quarter results and authorized the biggest share buyback ever and biggest in the history of corporate america. $110 billion on that buyback. that is 22% more than the $9$90 billion more than the board authorized last year. when it comes to the business of making money, apple says sales fell 4% year on year and iphone sales fell more than 10%. the company blames on a tough year on year comparison. speaking with our...
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May 23, 2024
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sachs ceo saying he is expecting no rate cuts this year no compelling data to support rate cuts joining us ironsides macroeconomic managing partner director research barry knapp in your note you tell clients stable but hotter inflation you don't expect 2% move say improbable to get 2% inflation -- >> not as long as running 7% budget deficits government spending 24% gdp, inflation, isn't supply shock it is regulates aggregate demand over the ability of a supply-side to just adjust caused inflation in 60s 70s not myth you can see in healthcare, where, after the passage of medicare being medicaid health insurance went 2 1/2 to 7 1/2 that story is as long as running big deficits going to run above trend inflation, right before we got you mentioned more optimistic i'm optimistic that inflation is stabilizing from volatility perspective but higher level if fed insists pushing to 2 will drive economy off a cliff they are going through five year review second half say well we can have a broader ranger around it live with 3 plus percent inflation in stable parts of the economy will operate, quit
sachs ceo saying he is expecting no rate cuts this year no compelling data to support rate cuts joining us ironsides macroeconomic managing partner director research barry knapp in your note you tell clients stable but hotter inflation you don't expect 2% move say improbable to get 2% inflation -- >> not as long as running 7% budget deficits government spending 24% gdp, inflation, isn't supply shock it is regulates aggregate demand over the ability of a supply-side to just adjust caused...
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May 10, 2024
05/24
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sachs -- do not pick a fight with the best parts of the market he says the technicals remain supportive and the high velocity breakouts of note, google, amazon and some industrial names, too, we'll get to in a minute he talks about earnings growth for big tech, how it's so far outpacing other areas of the market, capex from that area is so outpacing other parts of the market i loved the line yesterday, bill, i can't remember who exactly delivered it from which bank on the street, but one mega cap company's capex is another and spending is another tech company's revenue, right you're buying chips, data center, all of this upstream stuff, and it's filtering through the same companies. >> look at meta. when meta reported earnings, down 15% that day what did nvidia do? it was up 2% that day. that's spending, that increased spend, that scared people, was actually going to nvidia that's where i think one of the reasons in my backbone of saying, okay, i will not get too excited because i think as we come out of this nvidia will prove us right that spending we've highlighted from alphabet, amaz
sachs -- do not pick a fight with the best parts of the market he says the technicals remain supportive and the high velocity breakouts of note, google, amazon and some industrial names, too, we'll get to in a minute he talks about earnings growth for big tech, how it's so far outpacing other areas of the market, capex from that area is so outpacing other parts of the market i loved the line yesterday, bill, i can't remember who exactly delivered it from which bank on the street, but one mega...
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May 6, 2024
05/24
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it was once referred to as the goldman sachs of china. liv gulf ceo greg norman says the rebel league isn't going away, as talks about a possible merger with pga drag on. more from our exclusive interview next. this is bloomberg. ♪ tom: i'll come back to "bloomberg daybreak europe." liv golf ceo greg norman says the rebel league will continue expanding, as questions remained over a potential merger with the pga. he spoke with haslinda amin on the sidelines of the liv golf tournaments in singapore. >> you talked about access to the game. there needs to be streaming and distribution channels. how are you looking at that? what exactly are you looking at. >> yeah, absolutely we are. >> give us a sense of who you are in talks with in terms of distribution and streaming. some have suggested people are not really tuning in and watching liv. >> what the definition of tuning in? turning in channel 44 and saying i will watch the next four and a half hours is tuning in. to an 18 or 25-year-old, tuning in maybe 12 seconds on the phone, let me look
it was once referred to as the goldman sachs of china. liv gulf ceo greg norman says the rebel league isn't going away, as talks about a possible merger with pga drag on. more from our exclusive interview next. this is bloomberg. ♪ tom: i'll come back to "bloomberg daybreak europe." liv golf ceo greg norman says the rebel league will continue expanding, as questions remained over a potential merger with the pga. he spoke with haslinda amin on the sidelines of the liv golf...
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May 16, 2024
05/24
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let's bring in the head of asia internet research at goldman sachs, ronald keung, we have had questions on how much profits will be squeezed here. ronald: we had to make cap reported so far this week, and a few more coming. so far, it has been solid earnings, and any topline that came in line. this is part of our four themes that we expect that china internet has revised and updated for april, which is to fight back the incumbents. we have alibaba and tencent talking about gains accelerating, gm coming back at alibaba and the fight back of the incumbents are leading to revision of topline or at least some expectations at the top line where we accelerate into the rest of the year. and then into this second quarter so far, as we look at the conference next week in hong kong, with 160 companies coming, we expect this to be the meeting around how the current economic and consumption trends are going, and we have seen them track ahead the past two months, part of growing around 20% to 30% year-over-year in the recent one or two months. that means consumers are buying still, cheaper things, t
let's bring in the head of asia internet research at goldman sachs, ronald keung, we have had questions on how much profits will be squeezed here. ronald: we had to make cap reported so far this week, and a few more coming. so far, it has been solid earnings, and any topline that came in line. this is part of our four themes that we expect that china internet has revised and updated for april, which is to fight back the incumbents. we have alibaba and tencent talking about gains accelerating,...
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May 20, 2024
05/24
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with the averaging os riding the win streak, goldman sachs is up right now. we are looking at applied materials annnd walmart and tractor supply as well. >>> we are checking the bond market with the week of economic reports and durable goods and home sales. the benchmark down 20 basis points since the start of the month. we have seen it tick up a bit in recent days. the long bond at 4.56%. that's the read on inflation expectations. the two-year note pulling back a bit from the 5% yields we saw in april. >>> investors weighing the fallout from the iran president and foreign minister passing way in the helicopter crash. the international benchmark is flat this morning below $85 a barrel. we will talk more about oil a bit later in the show. >>> we are watching gold this morning back at all-time highs. look at gold right now trading at at $2,445. that's the set up. we are seeing green arrows across the board in europe with the exception of the ftse mib. we have arabile gumede in the london newsroom. arabile, we had a great time in london. this morning, you are se
with the averaging os riding the win streak, goldman sachs is up right now. we are looking at applied materials annnd walmart and tractor supply as well. >>> we are checking the bond market with the week of economic reports and durable goods and home sales. the benchmark down 20 basis points since the start of the month. we have seen it tick up a bit in recent days. the long bond at 4.56%. that's the read on inflation expectations. the two-year note pulling back a bit from the 5%...
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May 29, 2024
05/24
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cleveland federal reserve announcing that goldman sachs' beth hammock will be the new president of the cleveland fed. she's the co-head of the global finance group. she's to replace loretta mester who has reached retirement age or mandatory retirement age. the head of global financial group, chair of the treasury borrowing advisory committee, and a member of the treasury market pack, a group, she has a lot of experience with policymakers, with goldman since 1993. this is a linkedin post. she says a crisis comes around once every five years. in the heat of the moment keep a cool head and focus on facts. act swiftly and decisively. communicate, communicate, communicate. i bow beth from having communicated with her during the financial crisis where she steered goldman sachs as the treasurer. she takes office august 21st. first meeting will be september. she will be a voter. she replaces mester. leaving at the end of june after reaching the mandatory retirement age. carl? >> all right. i'll take it, steve. interesting move. >>> still to come, a once in a decade event for apple. we'll speak
cleveland federal reserve announcing that goldman sachs' beth hammock will be the new president of the cleveland fed. she's the co-head of the global finance group. she's to replace loretta mester who has reached retirement age or mandatory retirement age. the head of global financial group, chair of the treasury borrowing advisory committee, and a member of the treasury market pack, a group, she has a lot of experience with policymakers, with goldman since 1993. this is a linkedin post. she...
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May 17, 2024
05/24
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maria: goldman sachs is refining their position. yesterday goldman told clients to expect a cut in july and another cut in november, taking their rate scenario down from three cuts this year to now two cuts this year. we'll see if that materializes in july, so close to the election. but we've got a lot of economic day a take this week that -- data this week that obviously indicated a slow start for the economy in the second quarter, wednesday's weaker than expected retail sales indicating how consumers h high borrowing costs are limiting spending. builders breaking ground on fewer homes and factory floors are sluggish with a decline in output. look at all of this economic data and what does it tell you? >> i think we're looking at a slowing of the economy in the second half of the year. to dennis' point, does that necessitate a rate cut? perhaps in july? that would be a knee jerk reaction to a really disappointing second quarter gdp number, if that's the case. but the reality is, i look at -- i said earlier, i look at the walmart ea
maria: goldman sachs is refining their position. yesterday goldman told clients to expect a cut in july and another cut in november, taking their rate scenario down from three cuts this year to now two cuts this year. we'll see if that materializes in july, so close to the election. but we've got a lot of economic day a take this week that -- data this week that obviously indicated a slow start for the economy in the second quarter, wednesday's weaker than expected retail sales indicating how...
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May 16, 2024
05/24
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jpmorgan chase and goldman sachs and qualcomm as well as costco. and as those stocks surged, we are watching the ten-year note yield at 4.75%. the 30-year long bond at 4.49%. >>> let's check on the top corporate stories with silvana henao. silvana. >> good morning, dom. let's start with cisco. shares are popping after the third quarter reports that topped expectations. beating the street, but revenue was down 13% from a year ago marking the biggest drop in 15 years. cisco raising its 2024 revenue guidance to the range of expectations. >>> and netflix stated the ad-tier hits 40 million users. t netflix revealing it will launch its advertising platform and no longer partner with microsoft for the technology and the rollout set to begin later this year. >>> and the meme stock tumble is set for a second day. the likes of gamestop, amc and blackberry all lower ahead of the open after falling yesterday halting their two h-day win streak. gamestop and amc are still up more than 120% and 80% so far this week, dom. >> the roller coaster ride continues. than
jpmorgan chase and goldman sachs and qualcomm as well as costco. and as those stocks surged, we are watching the ten-year note yield at 4.75%. the 30-year long bond at 4.49%. >>> let's check on the top corporate stories with silvana henao. silvana. >> good morning, dom. let's start with cisco. shares are popping after the third quarter reports that topped expectations. beating the street, but revenue was down 13% from a year ago marking the biggest drop in 15 years. cisco raising...
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May 23, 2024
05/24
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goldman sachs moving to $1,200 a share and bank of america going to $1,320. >>> it is time for the global briefing we start with the story we are following on "worldwide exchange." anglo american rejects the latest bhp bid both companies are leaving the door off for a new deal. the recent bid includes demands to unbundle iron/ore assets in south africa which is too risky and complex. >>> lenovo taking back the gains despite another quarter of better than expected profit. revenue growing after it dropped for five straight quarters the largest pc maker is exploring opportunities in the a.i. world. >>> and south korea betting big on chips with the $19 billion chip package south korea is building a mega chip cluster which it calls the world's largest high-tech chip making complex. >>> coming up on "worldwide exchange," the one word every investor needs to know today and the one warning from jamie dimon about the economy and the worst-case joutcome for inflation. we'll be right back after this norman, bad news... i never graduated from med school. what? -but the good news is... xfinity mobile
goldman sachs moving to $1,200 a share and bank of america going to $1,320. >>> it is time for the global briefing we start with the story we are following on "worldwide exchange." anglo american rejects the latest bhp bid both companies are leaving the door off for a new deal. the recent bid includes demands to unbundle iron/ore assets in south africa which is too risky and complex. >>> lenovo taking back the gains despite another quarter of better than expected...
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May 21, 2024
05/24
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david costen from goldman sachs. >> the strategist not changing his forecast. as we head to break here's our road map for the rest of the hour. the latest battle in the streaming wars, what it means for consumers, investors and netflix trading at new highs today. >> the buzz building ahead of nvidia tomorrow night. shares up about 10% for the month. fresh data on the staggering amount of options that are going into the results. >> anden an interview you do not want to miss when two-time super bowl champ eli manning joins us. big show sllti ahead. "squawk on the street" will be right back. don't go anywhere. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. [busy hospital background sounds] this healthcare network uses crowdstrike to defend against cyber attacks a
david costen from goldman sachs. >> the strategist not changing his forecast. as we head to break here's our road map for the rest of the hour. the latest battle in the streaming wars, what it means for consumers, investors and netflix trading at new highs today. >> the buzz building ahead of nvidia tomorrow night. shares up about 10% for the month. fresh data on the staggering amount of options that are going into the results. >> anden an interview you do not want to miss...
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May 22, 2024
05/24
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our guest from goldman sachs solutions. so great to get your perspective on all of this. >>> still coming up in the show, janet yellen urges the ecu to get on board with the tough curve of china. we'll bring that to you after this short break. don't go away. my name is ashley cortez and i'm the founder of the stay beautiful foundation when i started in 2016 i would go to the post office and literally fill out each person's name on a label and now with shipstation we are shipping 500 beauty boxes a month it takes less than 5 minutes for me to get all of my labels go to shipstation.com/tv and get 2 months free ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. what is cirkul? cirkul is w
our guest from goldman sachs solutions. so great to get your perspective on all of this. >>> still coming up in the show, janet yellen urges the ecu to get on board with the tough curve of china. we'll bring that to you after this short break. don't go away. my name is ashley cortez and i'm the founder of the stay beautiful foundation when i started in 2016 i would go to the post office and literally fill out each person's name on a label and now with shipstation we are shipping 500...
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May 30, 2024
05/24
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she worked at goldman sachs from 1993 until stepping down earlier this year. she will follow mester who is retiring at the end of june after a decade as the president of the cleveland fed. we will be speaking later in the program about tech here in the u.k. and the general election. we will talk to the lender. that conversation is coming up next. this is bloomberg. ♪ i n't believe you corporate types are still at it. just stop calling each other rock stars. and using workday to put finance and h.r. on one platform. tim, you are a rock star. using responsible ai doesn't make you a rock star. it kinda does. you are not rock stars. (clears throat) okay. most of you are not rock stars. oooh. data driven insights, and large language models. oh, that's so rock roll. it is, right. he gets it. yeah. lizzy: welcome back to bloomberg daybreak: europe. top stories making news in tech. hp's shares gained in late trade after reported quarterly revenue that topped analysts estimates including increase in pc sales in two years. it was due to arise in commercial sales while
she worked at goldman sachs from 1993 until stepping down earlier this year. she will follow mester who is retiring at the end of june after a decade as the president of the cleveland fed. we will be speaking later in the program about tech here in the u.k. and the general election. we will talk to the lender. that conversation is coming up next. this is bloomberg. ♪ i n't believe you corporate types are still at it. just stop calling each other rock stars. and using workday to put finance...
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May 13, 2024
05/24
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our guests today including sara naison-tarajano in goldman-sachs. in the meantime, take a look at the scorecard. we're still less than 1% away from those new all-time highs. may not get there today. we're led by apple
our guests today including sara naison-tarajano in goldman-sachs. in the meantime, take a look at the scorecard. we're still less than 1% away from those new all-time highs. may not get there today. we're led by apple