they weren't given to goldman sachs. the press talks about goldman sachs partners. she spoke at our client meetings. these were meetings with hundreds of people. believe me, she was not saying -- i don't think she was saying anything untoward. i don't recall specifically but nothing that she said would have jarred me that she was going into some i mpermissible area. >> there's a poll out -- i think a couple of months ago -- 60% of americans worry that hillary clinton would not be able to properly regulate the financial industry because of her ties to it. what do you say? >> you know, i don't know how to -- i'm not sure how to respond to that. people say that. i would say that the financial system today is so much more tightly regulated, the regulators in their seats are so vigilant and so tough and their reputations depend on that toughness. everyone is -- it's not a place where everybody is disarmed. everybody is armed and the consequences of any kind of breach are so severe, i think -- i think we've -- i think we've handled that aspect of it. i think -- look at th

you never saw goldman sachs commercials or even our name on our building.fter the crisis we realized one of the things we needed to do is we did not communicate enough with the public to let them know who we were and what our contribution was to society that was not an emphasis to say, we are entrepreneurial. we have never not been philanthropic. david: you have been involved in a number of philanthropic things yourself. in terms of public service would you ever go into the government t and follow your predecessor as secretary of treasurer or something like that. lloyd: i have been asked that question and without hesitation, i would like to be wanted to do that. i would have to think about it. in this environment, i would say you will not argue with me on the point that the invitation is likely to come -- nine -- david: you never know. lloyd but you never know. i am not soliciting it that it would be crazy, other people would say, i would not want to do that. of course you want to make a contribution. david: how do you define leadership and what are the exa

ecc lloyd: i am not sure i feel ready to be the ceo of goldman sachs. david: you wound up as the vice chair of goldman sachs. lloyd: it was not so quick. i got more involved in the equity business and sales and trading and over time i became the vice chairman of the firm, one of several that my particular coverage was over all the sales and trading businesses at that time. david: the trading business is the one where you can lose a lot of money very quickly. i assume you were worried about people under you making a mistake. lloyd: it is good training for the job i am in now. i spent 99% of my time worrying about the 1% of things that could go wrong. leveraged two things that are normally not virtues but are in this context, it leveraged my add and paranoia. david: when you became vice-chairman you were under hank paulson, who is the ceo. he seemed to like it and then george w. bush persuaded him to become secretary-treasurer. when he came back with a meeting with george bush, what did he say to you and did you feel he -- feel like you were ready to be t

it is the second quarter of those, so what will that mean for goldman sachs? estimates coming in by up 30%. and on trading, goldman relies on that. you see investment banking is moving a bit higher but it really is all about sales and trading. 40% of their revenue over the last 2-3 years. saleshen it comes to the and trading revenue, take a look at the fixed numbers, you can see what has happened with equity and fixed trading. a similar story with all the other big investment banks. a huge surge, up i-40 percent. equity trading is up higher but relatively flat on the year. if we take a look at what this for bank returns on equity overall, this tells a compelling story. the gray bars here shows a return equity overall around 8% in the third quarter. goldman sachs is the orange line here coming below the overall banking index. nonetheless, 8.1%. wells fargo beating them all but declining when they come to their own r.o.e.. cuss cutting will come out in the reports. it is a key part of the goldman profit story. you had declining legal and compensation costs, helpi

what did hillary clinton say to goldman sachs?nswer came out at least in part when wikileaks released transcripts of three speeches clinton gave for the wall street giant. i talked to lloyd blankfein two weeks before the transcripts were made public but he already knew what was in them having read the speeches or heard them when she gave them. listen to what he had to say. why won't she release the transcripts? >> you have to ask her that. i would say and the answer is i don't know but me in her position, i would want to reveal. these transcripts were somebody that left office as secretary of state giving a tour they weren't given to goldman sachs and the press talks about the partners. i spoke to the clients with hundreds of people believe me, i didn't think she was saying anything untort. i don't recall specifically anything would have jarred me and the financial markets. >> there is a poll out, i think, a couple of months ago of 60% of americans worry that hillary clinton would not be able to properly regulate the financial ind

we had no market off the, goldman sachs -- mo mark udall gaddafi, goldman sachs.onnie: was there anything that was not proven that would throw mud on the reputation of goldman sachs? tony: i think this is a very convincing win for goldman sachs . the judge ruled in their favor on every count and i do not think it will tarnish their reputation. mark: let's talk about the flash trash -- flash crash trading. is off toefore sarao america? tony: he has a short 28 days but this has been a long time coming. the events were the 2010 flash crash where the government says he was making short trades and his parents house in the shadow of heathrow airport, and it took them five years to file charges 2015.t him, last year in a lot of people said he would be very quickly to america and it has been 18 months. a court ruled he has to go to the u.s. to face charges. vonnie: what happens next? tony: he has 28 days. u.s.,l go on trial in the where he faces i believe 380 years in prison. these are very serious white-collar criminal charges. vonnie: is this his first time? tony: the f

we will turn to former goldman sachs partner peter keir nan and former dallas fed advisory peter boothat's your outlook? >> for the basic challenge you have elevated stock prices and earnings growth that doesn't seem to be measuring up. i don't know how long those two things can be out of balance. you look at it, how you -- how are you going to grow your business at 15% earnings with 1% economic growth and nothing happening in europe? that's the essence of the request he. >> the stock market has leaf dated because of what the fed has done. danielle, the fed which has created this asset prices or stock prices especially they don't seem to be indicating they are going to do anything different in 2017, do they? >> it doesn't seem like it. speaking of leaf dating the fed is highly responsible for leaf dating the bank earnings, if you look into the weeds a little bit it's all the trading revenue surrounding the uncertainty with brexit and with fed speakers go in 18 different directions and that's helped drive a lot of volatility in the bond market and in the stock market and those trading d

jeffrey currie of goldman sachs.row, tom and i will sit down with the imf managing director, christine lagarde, live from washington, d.c. that is tomorrow, 9:30 a.m. in new york, 2:30 a.m. in london. this is bloomberg. ♪ francine: you are looking at live pictures of birmingham. this is the final day of the party conference. for most of the week, we heard from everyone, really, in the cabinets. we are expecting prime minister theresa may to give one of the final speeches. our government has ruled out paying contributions to the eu budget to allow british company's to have access in single markets according to a single aide. there is a lot of brexit news, but i am unsure if it is a single voice. we will get more on brexit and the tory conference. let's get to the bloomberg business flash with taylor riggs. taylor: goldman sachs is sounding the alarm on chinese -- the firm says the chinese property market is at risk of overbuilding and rising speculation. goldman warns any downturn will mean problems for iron ore and s

charlie: the head of goldman sachs is close to hillary clinton.you saw the emails they were in love with each other. the clinton staff is very close to wall street. cheryl mills is on the board of black rock run by roy block. don't think that larry fink, hillary clinton. they won't get together.t abouth warren say if larry rock. charlie: be prepared for her having a say in every financial decision of these banks. sandra: she talks out of both sides of her mouth. one side is very private. and you can't release details of those wall street speeches. publicly she condemned wall street. she wants to break up the banks. anthony: and she gets fetd questions and answered when she goes on msnbc. gary: hoo who does she surrounds herself with? charlie and sandra, thanks for joining us. tone we'll see you next week. >>> good evening, everybody. the clinton campaign is reeling from more controversy tonight. critics calling for the resignation of communications director jennifer palmieri. the issue, a leaked e-mail exchange from 2011 when center for american p

goldman sachs own or just get back on the j.p. morgan juggernaut? we do own some j.p. manage. sachs, you can make more of a valuation argument for it because i believe the share price's trading right about in line with tangible book value. paying basically tangible book for the stock. if they can grow their book overtime, which you would expect them to be able to do, you would think that would be a moneymaker. j.p. morgan has the cash flows that are more dependable. it has the deposit base, which is better for funding. it is a less risky investment with a big fat near 3% dividend yield on it. the more conservative investor would probably be better off with j.p. morgan. for a longer-term investor who can live with more volatility, goldman sachs at tangible book value is probably not a bad place to be. is atine: volatility hallmark of the goldman sachs stock price. francine: is there a danger that goldman sachs -- that we are expecting too much? looking at some of the bloomberg intelligence reports, they were saying the 2016 earnings consensus rose last month. this may b

goldman sachs joins the party banks,ll street fourth-quarter profit.e will bring you updates. >> we will talk about the rise of low fee index investing. a trend the company started 40 years ago. they manage more than $3.8 trillion in assets. matt: the price guidance for the debut of international bonds. we will examine the demand as the kingdom looks to bridge a budget deficit following a collapse in oil prices. 30 minutes into the trading day and the head -- we had right over here to abigail doolittle. she is doing what is going on in equities. nasdaq, 9/10 of 1% being held by a lot of strength and technology. europerally and asia and , a risk on feel here. chart int the s&p 500 the last five days. bit of a roller coaster. question could be whether or not the strength represents a new pressure point or if this is just an inflection point in volatility. look at the spread, the u.s. yield curve is steepening. it could represent competition on the announcement of saudi arabia bond deal. data outgy consumer earlier. had actually been higher. now it is not

goldman sachs was, what, 11.2%, i believe it was yesterday. d to remind everybody we'll be sitting down a bit later today with lloyd blankfein, the ceo of goldman, which by the way did end the day up. but wealth management they've stressed in part because they want the consistency of results to be there. they believe a higher multiple will result from the lack of assisttutes in the business. fixed income securities and commodities had a monster quarter for morgan stanley jumping 154% from the third quarter of last year, of course that was not a particularly good quarter. but even sequentially very strong. look at all the notes this morning from the analysts who follow morgan stanley, it is pretty much uniformly positive in terms of their reviews of the quarter particularly because they were restructuring and have been cutting costs on the fixed income side. but it didn't seem to stop their ability to succeed there in terms of trading. they've always been strong in equities, but as you know well, the ups and downs morgan stanley's had through th

goldman sachs is one of the mrs. clinton made three paid speeches to goldman sachs between the time she left the state department in 2013 and when she announced her presidential campaign last year. the des moines register endorsed hillary clinton for president. the newspaper's editorial board made the announcement yesterday. it also endorsed her during the caucus when she ran 2008, but endorsed president obama when he won the nomination. the register did endorse a republican four years ago when mitt romn editorial board went with a republican since richard nixon in 1972. this year's republican nominee, donald trump, is taking heat for comments he made this weekend about clinton. while speaking to a crowd in new hampshire yesterday, the presidential nominee suggested that his opponent may have used performance- enhancing drugs before debates. " we should take a drug test, cause i don't know what's going on with her, but at the beginning of her last debate, beginning and at the end it was like, uh, take me down. " trum

goldman sachs wants to help pay off your credit card debt. not just morgthem.e'll find out what max levchin from paypal has to say about it. later on, kings of leon are in town. they're coming out with a new album. what's the value of capital? what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley man, i'm glaaflac!c pays cash. isn't major medical enough? no! who's gonna' help cover the holes in their plans? aflac! like rising co-pays and deductibles... aflac! or help pay the mortgage? or child care? aflaaac! and everyday expenses? aflac! learn about one day pay at aflac.com/boat blurlbrlblrlbr!!! >>> crude, biggest build in six months and it didn't take long for crude to fall back below $50. >>> also watching goldman sachs. the bank wants you to meet marcus, the bank this morning launching its much-discussed online lending platform offering to lend borrowers u

that's what goldman sachs says today. but one of our traders says goldman is making a critical error in its call. he'll tell us what that is, when "fast" returns. hey, jesse. who are you? i'm vern, the orange money retirement rabbit from voya. orange money represents the money you put away for retirement. over time, your money could multiply. hello, all of you. get organized at voya.com. >>> welcome back to "fast money." a usual show, the halftime report kicked off its five-year anniversary today with three legends. the conversation veered towards the election, and here's what david tepper had to say. >> i think that the market would still prefer, obviously, republican congress. and the democratic president and probably a republican senator, if it could get that way, but looks like the senate is not going that way. so the market is kind of dealing with that. i think you get some of those moves right now. >> but jeffrey gundlach, aka, the bond king, took a different view, and offered this. >> i actually don't think the ele

erik: you worked at goldman sachs for 25 years. you were a partner for 14 years. you ran the asset management. leon: i started asset management. erik: have you had a conversation with goldman? leon: i have. it was a bit disappointing in the sense that they called me down to meet with them and greatt giving myself inflation -- sometimes, you make a presentation, you have a program and you say this was an 11 on a scale of 10. the next a, they informed me that they were withdrawing. -- the next day. i should not be in a position to say if you are 30 years old and have no money, even if you've -- you fightwrong it. i'm confident when they have all the facts. erik: you don't have to fight. leon: the easiest thing would be to write them a check. i'm not as generous as mike bloomberg, one of my heroes, but i give away about twice what the government wanted to settle annually. erik: what are you giving away a year? leon: about $16 million a year to charity. erik: the sec asked you to settle for $8 million? leon: it makes no sense. you give money if you've done something wr

and we mentioned goldman sachs and that the report in goldman sachs is actually out now with what isich is, like a dollar above expectations. >> which were $3.82. the fixed income trading revenue was bigger than expected. as was expected based on all the other banks we have seen -- >> revenue way above. $8.17 billion and they were looking in the sevens. >> $7.424 billion. right. and so that's all the other banks had led us to an expectation you'd see a big beat there. and we are definitely seeing it. goldman sachs more exposed to trading than any other. >> one note because i'm always focused on investment banking. $1.54 billion in the third quarter. that's unchanged with the third quarter of 2014. but 13% lower for revenues for advisory. compared with the strong third quarter of 2015 which reflects the decrease in industrywide mergers and acquisitions which to me says a lot about the way the world says about the economy and the lack of confidence that ceos and boards have. >> all right. so we'll see if it gets a pop even though it's been climbing in anticipation of the numbers. a lot

secretary clinton, we release the transcript of your paid speeches to goldman sachs? there's a lot of controversy over the speeches. secretary -- is that a no? secretary clinton? will you release the transcript of your speeches? one coat that was in january. it is obvious from these e-mails the campapaign was not t laughig about the request. it was seriously worried about it, worth a? >> that is an interesting back story. we have a small rope line exchange back in january in new hampshire. the e-mails showed two days after i talked to hillaryclinton, the clinton campaign started reviewing all of the transcripts of heard paid speeches and actually highlighting the potential political fallout weeks later after our exchange, hillaryclinton said she would look into potentially releasing the transcripts. "new york times" called her to release those transcripts and she never did. it is the e-mails show, they revealed it -- reviewed it and thought about it and ultimately decided it would be too politically damaging to release these transcripts. as we can see, there was an in

the emails contain what appears to be the transcripts of clinton's speeches to goldman sachs. donald trump says these types of documents show she is out of touch with the american people. presidency and the media donors special interests who support her will do everything they can to cling to their power, their prestige at your expense. you know it, i know it, they know it." clinton's running mate -- senator tim kaine -- was campaigning for her in florida. he says the recent documents that have been leaked meddle in our presidential process. "russians are engaged in attempts to cyber-attack the election...we gotta win big so we can send a message to anybody else...don't think you can come in here and mess around with our election." donald trump plans to be back in wisconsin tomorrow -- with a campaign event planned for green bay. hillary clinton's campaign does not have any events planned as of right now. first, two "remote" voting locations opened in milwaukee...and now these polling places will offer weekend hours. fox6's jonathon gregg takes you to the polls. for the first

.>> wikileaks release transcripts of paid speeches to goldman sachs. the clinton campaign has not confirmed the authenticity of the transcript. jennifer griffin has the latest. >> reporter: wikileaks uploads it's 80s round of emails. this latest batch includes transcripts from three paid speeches clinton made to goldman sachs back in 2013.>> hillary speaks in secret to goldman sachs and then lies to the public with her public position.>> reporter: in one speech about dodd-frank, the wall street reform bill passed by the obama in the straight and: clinton tells goldman sachs executives who mostly opposed dodd-frank that she supports it for political reasons, saying, there was a lot of complain about dodd- frank but there was a need to do something because for political reasons if you are an elected member of congress and people are losing jobs and shutting businesses and everybody the press is a it's all the fault of wall street, you can't sit idly by and do nothing. what you do is really important. clinton campaign has responded by saying that the h

goldman sachs, morgan stanley raised estimates for the stock.lked to an analyst who says great story, great growth story can't pay these high expectation. shares of ibm less expensive this morning. they are falling after its earnings report to the tune of 2% in the pre-market. helped by growth in the firm's cloud and analytics business but numbers marked big blue's 18 straight quarterly decline. >> revenue was roughly flat in total but the quarter played out really what we said it would. we had good growth in our strategic imperatives so up 15% on a constant currency basis and that's what we're looki ing for for that business. watson business within that is part of our cognitive solutions business. it's obviously growing and cognitive solutions in total were up five and within cognitive solutions the software solutions space was up eight. good growth across the watson platforms. >> the firm also said it saw growth in its newer business including cloud executing and artificial intelligence division. >> visa ceo charlie scharf who oversaw the comp

her papers went out to all her friends at the bank, goldman sachs and everybody else. and she said things wikileaks that just came out. and she lied. now she's blaming the lie on the

i don't think goldman sachs that he can attack her for her wealth, i don't think so. [laughter] e-mails, i thought her answer was great. it was short and sweet. he did not hit much beyond that. i think whatever problems, and i would be cure on alex's view, and i can't believe this guys helping trump. i love him so much. close friends for a long time. steve: do you remain friends? alex: we will see about another few weeks. hilary: with donald trump there are 1000 things to go at. with hillary there is sort of one. alex: i have a longer list. hilary: we had one issue with e-mails playing over a thousand times. we have a thousand issues playing once. imagine the -- steve: let me get alex a chance to talk about the targets of hillary. you wrote a great line. i want to ask a you square all this. we're all friends. you wrote, if you're angry and alone you are more likely to be a trump odor. if you have to declare your support at your child's third-grade class picnic if becoming embarrassing. you know embracing donald trump and overcoming that difficulty and embarrassment. t

t wikileaks released what appears to be hacked transcripts of clinton's paid speeches to goldman sachs. both candidates are off the trail and preparing for their debate today. but their surrogates are speaking out and this morning former new york city mayor and top adviser to donald trump rudy giuliani was on "state of the union." he addressed trump's claims of a rigged election. >> when he talks about a rigged election, he's not talking about the fact that it's going to be rigged at the polls. what he's talking about is that 80% to 85% of the media is against him. when you look at "new york times" and you pick it up every morning on the top of the paper there are three stories that are anti-trump. some silly and some baseilous and at the bottom you get something about wikileaks or same thing with "the washington post." >> mr. mayor, i understand that that is -- >> you know that, please, let me finish. you let nancy pelosi go on for two or three minutes without interrupting her. the reality is, he makes it clear. he pushes right at you at the press. >> then why does he call for people

the company chose morgan stanley and goldman sachs to lead its ipo.he recently rebranded snap has a private market value of $18 billion, making it the largest social media ipo since twitter. what do we know so far and what are the details you have been able to uncover? >> we know morgan stanley is the lead. goldman also co-leading and there are five other banks in the mix. it is not surprising. you notice a lot of the banks helped extend its credit line in recent months the snapchat, so perhaps a little bit of a pay to play. what we know is snapchat has filled its fleet of underwriters. they are prepping ipo documents, looking to go public as soon as next march, according to our sources. some really momentum in terms of an actual offering from one of these big unicorns that we thought may have been further off. >> deutsche bank implementing a companywide hiring freeze, according to people with knowledge of the matter. give me a sense of the importance of this hiring freeze in a process ongoing within deutsche bank as it tries to deal with this externa

these are excerpts from her goldman sachs speech. i'm not interested in pointing fingers. dodd-frank was just because people needed to do something for political reasons. this is what she will tell people on wall street. >> well, wall street has made their bet with hillary clinton. not, the campaign donations that wall street and major head funds given to hillary clinton, first donald trump are not even comparable. i think they're hedging their bets. they are scared of warren. but the bigger problem that infuriates me whenever i hear senator warren attacking american industry the way in which she is, no even talk about government responsibility or culpability. there is no talk about fannie and freddie. we've probably gone at this ad nauseum over the past eight years. i think this is dangerous precedent we're heading down, if the white house and senate go into democrat hands, average american working for any bank in the country will be demonized and that is not the way american business works and thrives and succeeds. melissa: that's right. wall street banks are betting the

you have goldman sachs singh $55 are enough records will come back in. stockpiles below 500 billion barrels, for the first time since january.looks as if there are a lot of notes sing when you get the $50 you will see a knockout level. anna: 55 is the number for them. we have msci asian-pacific up by half of a percent. ingles, he hasid the first word news. good morning, david good morning, deutsche bank has been indicted for colluding with the italian lender. dozens of others, according to the audit commission by the german regulator that was seen by bloomberg. the frankfurt-based lender adjusted the italian game back in 2013, in addition, changing them from loans that have been kept off the books to derivatives. the lenders say there is no connection between these trays and the case of the italians. plan issachs retirement pulling $300 billion from the frim omega advisors. meanwhile, yesterday, according to those familiar with the situation. omega has been accused of insider trading, which he denies. it was the second time they cut ties with the employe

it appears to contain transcripts from three paid speeches clinton gave to goldman sachs. let's get more from cnn's joe johns. >> reporter: john and christine, over the weekend, wikileaks releasing thousands more of the hacked e-mails from the account of john podesta. the batches of e-mails include a discussion of campaign donations to accept and the inner workings of the campaign and allegations concerning bill clinton and controversy that erupted over the private e-mail server. of particular interest is wikileaks releasing what appear to be transcripts of paid speeches from hillary clinton to goldman sachs. some of the paid speeches sanders pressed her to release in the primaries. one speech from october 2013 suggested that action was needed for political reasons to curb wall street abuses. if you were an elected member of congress and people were losing jobs and shutting businesses and everybody in the press saying it is all the fault of wall street, you cannot sit by and do nothing. the clinton campaign is on the defensive and blaming russia. here is what democratic vi

coming up, what the latest release says about goldman sachs. >>> a ninth woman comes forward to accuse donald trump of sexual assault. >>> new poll from the "washington post" and news shows hillary clinton leading donald trump by four points. now, she's up 47 to 43% among likely voters. polling was conducted during what may be the most controversial stretch of trump's campaign. but 64% of respondent say trump's lewd remarks about women caught on tape will not affect their vote. trump is calling for a drug test prior to the next presidential debate. republican candidate is suggesting that clinton took performance enhancers to improve her debate performances. it's not the first time he's questioned her health or stamina without evidence before. but it is a whole new line of attack. >> i think we should take a drug test prior to the debate. i do. i think we should -- why do we do that? we should take a drug test prior because i don't know what's going on with her, but at the beginning of her last debate, she was all pumped up at the beginning and at the end, it was like take me down. she

story and use it as and i lust ration of helping people to understand what that life coming into goldman sachs>> guest: yeah. working at gold man and having that opportunity as you mentioned of interning at goldman for the summer was just such an incredible opportunity and also such a stark difference between the world that i grew up in and now the world of finance and wall street and you were here to work and don't eat shrimp, we had a lot of opportunity to go to networking events and through this mentorship program the sponsor for educational opportunities, they taught us a lot of technical things just from financial modeling and how you handle yourself in a business context and so the big thing was even though there was so many food and as someone who didn't grow up like that to seeing all of this massive and shrimp cocktails and fancy things that i wasn't used to, of course, you wanting to and take part in that but you were told no, you with -- you are there to network and get a job, you don't eat the shrimp, you need to have your hands free to take people's business cards and write note i

story and use it as an illustration of helping people to understand what that life coming into goldman sachs was like. >> guest: yeah, it's-- working at goldman and having that opportunity, as you mentioned, of interning for goldman for the summer was an opportunity and stark world that i grew up in and finance and pinnacle of wall street. you were here to work and this story about don't eat the shrimp. we have an opportunity to go to networking events and through the mentorship and opportunities, they taught us a lot of technical things about financial modeling and interpersonal relationships and how you handing yourself in a business context. the big thing was even though there was so many food and someone who didn't grow up like that, seeing all of this like massive amounts of food and shrimp cocktails and fancy things that i wasn't used to, of course you want to go and take part in that, but you were told, no, you were there to network and you were there to try to get a job. so you don't eat the shrimp, you need to have your hand free to be able to shake hand, to take people's business c

>> citi, bank of america. >> so not the goldman sachs. >> i have goldman sachs, as well. so i'm in some of these various names. goldman sachs, i'm in the options, still there is up side. >> crude having its best day in over a year, hitting levels not seen since july of 2015 but warning investors this rally doesn't have much juice. publisher of "the gartman letter" on the fast line. great to speak with you. >> great to be spoken with. >> why should we fade this oil rally? >> i think, first of all, take a look at what's going on in i think the most important facet of futures trading and that's the carrying charge. the contango as it's called. in good strong bull markets, what we should see is the back months losing relative to the front months. instead, we're seeing the carrying charges widen as the market goes higher. that's archly atypical. the same sort of activity we saw in the term structure -- this is hard to believe. but when crude oil prices were $140 a barrel, we had the contango widening for several days. we're doing the same thing now. crude is bidding for storag

trump says: "hillary speaks in secret to goldman sachs, sharing her private position, then lies to you, the public, with her public position." in one speech about dodd-frank - that's the wall street by the obama administration in response to the 2008 financial crisis... clinton tells goldman sachs executives -- who mostly oppose dodd-frank -- that she supports it for political reasons.... saying quote: there was a lot of complaining about dodd-frank, but there was also a need to do something because for political reasons, if you were an elected member of congress and people in your constituency were losing jobs and shutting businesses and everybody in the press is saying it's all the fault of wall street, you can't sit idly by d do nothing, but what you do is really important." the clinton campaign has responded by saying that the hacking is more evidence of russian interference to help trump. kaine says: "russians are engaged in attempts to cyber-attack the election...we gotta win big so we can send a message to anybody else...don't think you can come in here and mess around with our

saysind: goldman sachs china's outflow is worse than it works. any sign of increased out close quiet inturb a recent the chinese market. the republican party chairman has held a hastily assembled conference call. that after house speaker paul ryan said he will not defend or campaign for donald trump after his vulgar comments regarding women. donald trump tweeted that paul ryan should keep to the budget. street journalll poll, hillary clinton is shown in enjoying a large lead. charles edmonds is arguing in favor of keeping interest rates low. central banker who is slated to become a voting member of the fed next year says prematurely tightening policy could carry high costs. >> repairing damage incurred from the great recession forinues to be critical longer-lasting growth. in this context, overestimating the natural rate, incorrectly inferring that the u.s. is at full employment and prematurely tightening policy would carry particularly high social costs. rosalind: norway petroleum and energy minister says opec is still some way off from forging