the goldman sachs trade is amazing to me as well. look at where goldman sachs is trading. 395 when they started buying these calls. the calls that they're buying are the 400 strike calls that expire on friday so they're buying right at the money calls trying to get that leverage to try to get a move if there is a move to the up side a little move already. but it started at 395, moved up to 400 and had some nice sized buyers of those calls. so when you get 8,000 or so buying of an option like that, that's something that's going to definitely ring and make sure that you pay attention to it i did and i immediately jumped on these calls as well hopefully we've got a little bit of a move to the upside. the ten-year, very important as it's made a nice move from those lows up here towards that one, three area in a methodical move to the up side hasn't been a violent move, i wouldn't say but morgan stanley calls. goldman sachs calls, bank of america calls and the stocks in a couple of different financials as well. wells fargo and bank of ame

we've over to talked about goldman sachs and jp morgan.ost senior management has been very vocal about the idea that they want people back in offices. they've been saying that since last year. they have even been embracing that idea this year but on the other hand, citigroup has been out there, presenting a kinder, gentler self, increasing the mantra of maximum x ability, and we've even had some executives from citigroup talking about the idea that when you have this commute occasion from the top down where you have a more relaxed approach, where it tries to take into account the anxiety, it helps them with recruiting talent, especially when it comes to other areas like hiring coders and engineers into the firm. they believe it puts them in a more competitive footing. matt: are we hearing anything about sticks in terms of delta airlines and they're going to charge those who don't get vaccinated $200 a month for the cost of health care? i have viewers writing and saying why don't they charge obese employees and smokers, etc.? i guess it mak

goldman sachs is expanding its presence in europe.s a lead -- has agreed to by the financial arm of a dutch insurer. about three quarters of the businesses $355 billion in assets are backed by environmental, social, and government criteria. the new study says coronavirus vaccines are less effective of the delta variant of the disease. that could lead to a push for booster shots were fully vaccinated people. the british study says pfizer and biontech vaccines lost effectiveness in the first 90 days after vaccination. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am laura wright. this is bloomberg. guy: i want to come back to that study laura was just talking about. the u.k. reporting 113 more covid deaths today. hospitalizations are the highest we have seen in five months. let's talk about all this. ucl pharmacy in global health advisor joining us on the line. i want to start with that study we see out of oxford. there are number of differen

the riefls, goldman sachs, morgan stanley. suddenly have something to agree about. dani? dani: yep.agreeing on more strin jept precautions for staff returning to offices. across town morgan stanley has just informed staff they must soon provide proof of vaccination. goldman sachs, morgan stanley, i feel like these are two of the banks that are prescriptive in terms of everyone needs to get back into the office. why are they softening now? what has pushed them to shift? >> you are absolutely right. these were among the banks that were more stride ept about their people returning to the office. at goldman sachs what you're seeing is that instead of saying to people to come back now, they are saying if you do come back, you are going to have to wear a mask in the office. these are some of the plans being discussed by the scenes. not yet yet implemented. and testing staff so they can spot infections before they spread across the floor. manus: i surreceived. had some water. don't need to -- surreceived, i had some water. don't need to worry. at the fed, they have delayed the return to th

goldman sachs yesterday, they mentioned to variant. this is not about economics. it is about the fourth story of this pandemic. jonathan: couldn't agree more. the title of goldman's downgrade was not related to fed tapering, not related to an increase of tightening. it was on the impact of covid in q3 and q4. tom: we've got a lot of other people coming up as well on that. and lately -- ben laidler, hugely bullish. what i wonder is at jackson hole, should they rip up the script, and on the lawn with those lovely white tents for the saturday lunch, should the head of the cdc speak to the economists? jonathan: i imagine they are going to be talking about that themselves because this is as much about the pandemic as it is about anything else, and it is as much about china as it is about the federal reserve. lisa: which raises the question about that fourth-quarter projection from goldman sachs, basically this idea that we can get production back online by the fourth quarter. can we? how do we have that certainty? can we hire enough workers to do that? what is the situa

they often were competing against each other especially goldman sachs and j.p. morgan to keep this role and it often came at the expense of giving good advice to them. investors would not want them to go public with you getting more shares and moreet voting control on a board of all men. so many things jumped out at peopleju saying you are talking about being this mission driven company and you don't have a single woman on your board. there were questions of yes they are hired hands but they are supposed to help get out the door and this company got too much pushback. >> the inhibitor to that would haveit been their own reputatios which we saw as a result of what they did. also we need to make sure we talk about the psychology of atoms so central to the story. he grew up in israel so there is this sense but it's somewhat of an oxymoron paradoxical. of course in the book you will see he views himself very differently than others but there was this atmosphere with him and his wife. they banned things at the office. let's talk for a minute on that, of this kind of

we have ubs joining goldman sachs, expecting prices to rally. about the $75 a barrel level, copper has gained ground. this is on supply concerns. plant workers at a copper mine, the largest producer in chile. they rejected the company's latest wage offer. that takes up about 1% of global outlook. supply concerns being felt in london. in china we saw iron ore leading the gains, yeezy concerns over the economic fallout from the delta variant. there is more optimism that chinese demand will improve given they have been able to suppress the latest virus flareups. overall, industrial commodities led to gains. the caveat right now, bloomberg intelligence saying that taper chatter is painting a grim picture for energy assets. last week, there was speculation about the fed starting to taper. we saw the plan to commodity prices. all of these gains, you have to put them into context. as we head towards jackson hole, more importantly so. haidi: speaking of tapering expectations, that is exactly what is playing out when it comes to the kiwi dollar. tracking

not so for goldman sachs. sharon bell, goldman sachs equity strategist, joining us now.oldman sachs upgrading its forecast for the stoxx 600. it sees a significant updraft in terms of the valuations that we can see. earnings have been good, sharon. the market hasn't kept up, as a result of which this looks slightly out of whack. walk us through your thinking because others have started to look slightly concerned. sharon: markets have been excellent this year. you mentioned before the stock 600 is up about 20% year to date. it has kept pace with the s&p 500, done better than the nasdaq , done better than emerging markets, etc. but earnings have done even better, so earnings revisions have been super positive. in fact, valuations have come down even as prices have gone up. i think that is a bit because people are worrying about some of the status hanging over. alix: where's the biggest mispriced with that? it is hard to know where the best for your buck on that thesis is. sharon: i think european stocks can go higher. yes, they are at record highs. they only recently in th

jonathan: goldman sachs are bullish, tremendously bullish. they had a 4600 year price target for 2022. it is now 4700 for 2021, and many have built that gained through the year so far and capitulated to a higher view over the last week. tom: i am going to frame it up to then labeler looking for an unprecedented -- two ben laidler looking for an unprecedented three years of growth. to me, it is part of america doing really well, but everyone else not so much. jonathan: earnings are solid. they have been tremendous. we have seen that over the last several weeks. financial conditions are easy. in 2021, hawkish, let's define what hawkish is in 2021. it is the central banker turning around and saying maybe the conditions are ripe to scale back qe from $120 billion to maybe $100 billion. that is hawkish these days. i think that tells you a lot. tom: you look at where we are in the jobs report, we've got planes coming out and 28 minutes off of, what do you call it, a soggy adp report? lisa: incredibly disappointing, lower than the lowest estimates.

tom: no, i strongly agree, the idea the fed analysis here has become secondary as goldman sachs and their sentence starts with the delta variant. it is a different discussion than 10 days ago. jon: you are right to bring up the goldman call, that's call summarized as follows, downgrades for q3 and upgrade to q4 into 2022 largely because they are pushing this out, saying they -- sang the giveback will be in later quarters and we will get through this. the down point was not on the fat, the downgrade was on delta and the full-service sector recovery we have been waiting for, ultimately delayed. tom: this goes to our guess we will bring in right now, clearly goldman looks for a slowdown into the end of 2022 as they use deceleration. to continue this discussion, advance it in the stew, a representative from morgan stanley, thrilled to have him on with decades of prescribed -- decades of experience. every story is different, every august is different, and a scathing note to the bears this morning, saying you're wrong. it said margins are there and said the waiting in technology stocks will act

so goldman sachs will still make money whether the media or hits planet earth or mrs planet, or this in particular that's coming for us as an asteroid, not a meteor, but the asteroid is nestle between mars and jupiter, they say. and it is believed to be the remnants of poto planet destroyed by hidden, wrung collisions on the solar system formed. the thing i want to point out about this is of course we keep on seeing alien's asteroids. absolutely free money. no matter what, there's going to be some sort of emergency which will justify us all becoming billing or is we're all going to be billionaires is all going to be that oprah mean, where she's like jeff, where she's handing out money to everybody. everybody gets a $1000000000.00. so there it seems like there's non stop chaos from the deepest history of our solar planet. constantly threw up being thrown at us. whether it's aliens, asteroids are absolutely free money and it's all coming for us. on the 50th anniversary week of the nixon shock when the us went off the gold standard and we've had 50 years of non stop, absolutely free mon

goldman sachs and all the other banks. there's so the, the issue that we have here with digital currency controlled by central banks is, which is what they want to do when they're trying to get rid of the $100.00 bill or the 500 dollar year. i know they don't want notes, the government wants the ability to have central planning so that if you're not a good apparant check, they can shut off your bank accounts. cut off your privileges, puts you in a mask and not let you do anything ever again. so will they announce that while the dollars declined since 1913 when the fed started about 98 percent. so it's only got 2 percent of its value left reserve currency historically going back to the beginning of time. only last about 100 years were at about $100.00 a little over a 100 years in the us dollar before that. as many people know who watch your program. sterling, the british currency, great british pounds, were the reserve currency before the dollar for over 300 years, which was an anomaly in history. now what we're seeing now

banks jpmorgan and goldman at the most senior executives that said it's going all the way up to goldman sachsmon who were on a first name basis to talk about what the banks did and didn't do. >> i mean in terms of faux mo just as much as investors getting in on these tech companies there was something like that with the banks in terms of being the bank to leave the ipo rework or uber. for most coveted slot. obviously they make a lot of money from it. they make $100 billion or so for a big ipo but this is real cachet so what we saw made them jump through hoops in every imaginable way not surprisingly to try to win his business but one of the things he saw and i read about this because of the journal we get into the book they made a pitch which is why you should choose us preferred to wall street investors and in it the goldman sachs team with its presentation had a show comparing rework and mother teresa and lin-manuel miranda talking about it. [inaudible] >> it was during the height of "hamilton" in 2018. so this was after that. we kind of side time and time again with the lead-up to the ipo

coming up, david kostin of goldman sachs, chief u.s. equity strategist.this equity markets and looking for 4700 on the s&p 500 year-end. from new york city come on radio, on tv, this is bloomberg. ♪ so many people are overweight now and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now there's golo. golo helps with insulin resistance, getting rid of sugar cravings, helps control stress and emotional eating and losing weight. go to golo.com and see how golo can change your life. that's golo.com. ♪ >> the market is going higher. there's no recession ahead, no credit crunch ahead, and there is still higher earnings i had. >> we are going to get pretty worried about inflation i think, and that could finally bring a stock market correction. >> we don't think the fed is still bothered by this degree of inflation. >> the policy response is different. we will get different inflation outcomes

goldman sachs world bank of canada, of commons, hsbc, banking. those goes credits with u. b. s. subs medalist we operated in close to 40 different countries around the world, brazil for room, anima, colombia, japan, taiwan, hong kong, obviously throughout europe. the were making millions per month. offshore accounts not paying taxes. i was living, the dream weren't worried about anything, but in my particular instance, i had something to worry. all sorts of investors all over the world were very eager to put their money with them because he was generating very good returns. and that's what investors want. he turned out to be doing something else, which was he was misappropriating the investors money and the investors thought they were achieving these excellent returns. in reality, they were not philip baker and his partners were essentially making it up. they were like, ah, ah, the 2nd thing and in some ways, more damaging issue is that as they thought to recruit additional investors, new investors, which were essential because they needed to paper over the lots of money that

and let's get to what is driving the action today goldman sachs slashing the gdp target for the third quarter earnings remain in focus with big swings, following results. oil prices for a sixth straight session, now well below $65 a barrel energy by far the weakest sector today. 59 minutes left in the session, sara. >> we have a great lineup coming your way dr. anthony fauci will join us to talk about the latest news, and the impact on the reopening of our economy you won't want to miss it. >>> plus sequoia capital making headlines last year, and now its investment in robinhood and a number of names that went pub public -- they will join us. >>> bob is tracking the market action for us, and courtney reagan has detailings on retail and the big move higher no macy's just slight gains on the s&p >> moments ago, wilf, we went into positive territory. don't kid yourself the markets are repricing the growth outlook, that's what's going on you can see this, because the cyclical sectors are getting hit harder it's been a terrible couple weeks. cabot oil and gas, for example, is hitting a 52-w

in 2017, the protests were hot, and at that time goldman sachs had hundreds of millions of dollars to in that protest but the front page of every financial media in the world. it kicked the sanctions into high gear is people realize this is a murderous -- a regime murdering its citizens. there were standing up to that. i also published yesterday and energy advisor, and publication of the dialogue my views of how this should happen. i do agree the first thing that should be negotiated in terms of lifting of oil sanctions should be -- that needs to be tied to the release of political prisoners and start setting up elections for november. if maduro shows he wants to help the people and have democracy -- >> we are running out of time, let me bring it will for a final word. -- in phil for final word. what you want to look for specifically on the do the meeting is held? -- the day the meeting is held? >> i think it is unlikely especially in the middle of an election campaign we are going to get much progress. but if we can see the installation of what will have to be long-term talks from th

. >>> goldman sachs throwing down the hammer when it comes to covid vaccinations at its american offices grab some meatballs and maybe go get a screwdriver because ikea may be making one of its biggest store changes ever it's all happening on this wednesday, august 25th, and this is "worldwide exchange." ♪ >>> good morning, good afternoon or good evening and welcome from wherever in the world you may be watching, i am brian sullivan, good wednesday morning let's get right to it, see if this record-breaking rally will roll on today. and right now it looks like it will, futures they are higher again, not by much, but they are in the green, dow futures up an entire 5 we are watching big tech, the nasdaq, futures up 20 points, right now again more than the dow. you know, we are coming off more new records, the s&p 500 just continues to amaze, coming off now its 50th record close of the year and 62nd all time intraday high yesterday now, small caps, they've been dealing left out, but finally kind of decided to join the party this week after a 2% gain on monday, the russell 2,000 seeing anothe

you get to be a goldman sachs analyst, your ticket to being masters of the universe. >> analysts wereg about this issue on the conference call a while back. other firms raised it. goldman is raising there's two 110,000. the last of the pack to announce a little bit higher pay. also telegraphing not just the very young analyst level but also the associate level at $150,000. we have had this upward pressure for years on junior bankers salaries. talking to recruiters, you can peg it on to fintech competition, crypto. matt: there are probably better places to work. it is not all about money. i am sure a lot of them have loans to pay, maybe they got great scholarships, or mom and dad footed the bill, but it is also about the work culture. you don't necessarily want to work on sunday, work 16 hours a day. sonali: a lot of these people end up leaving anyway and go into private equity. if you look at the sheer number of applicants, blackstone had almost 29,000 incoming applicants for only 25 jobs -- 125 jobs. even goldman, they have double the number of applicants from 2018 in the current inc

goldman sachs sees only a transient impact on demand from the pandemic. president biden calls on opec to pump more oil. good morning across the world. wherever you are, and if you are not in new zealand, you have to worry about inflation. the question is the transient nature. we put it in the chart. is it enough? is it enough to say that because these reopening components are less virulent that the u.s. is going to change the narrative? dani: over at rbc, no it does not make a difference. he says we have started to get some hints from fed officials who have been out loud wondering if inflation targets have already been met. one data point does not tell us much. matt: -- manus: it is almost like touching a straw's. core inflation drops. herein lies the point, which is where you have this narrative from kaplan, a narrative from bostick. you have to differentiate between hiking and taper. if we have it sooner we can do something more later with hiking. it will not be as pressing an issue. dani: we have jackson hole later this month. a lot to digest. i want t

goldman sachs, lehman brothers, morgan stanley, merrill lynch bear stearns. j. p. morgan city group, and so the friends extended itself, loans were sought by the public by falsifying their own financial situation on loan application. therefore, the public and banks are complicit. committee bank fraud. the i my name is richard. i was senior vice president and business chief underwriter for 2nd grade. mm. at the time city group was the largest thing. and it was my responsibility to make sure that the $90000000000.00 a year that we were purchasing and mortgage loans that were originated by other banks and mortgage companies. these met our policy standards in early 2006. i discovered that over 60 percent of these mortgages did not meet our guidelines. they were by definition defective. when i discovered this in this was june of 2006 silly me. i thought it was my job. i started issuing warnings because i was supposed to make sure that these met our policy guidelines and i sent email. i put it in my weekly report. i made committee presentations. i mean, i'm not a shy guy

this was our largest banks, jp morgan, goldman sachs around this company for a long period of time and most senior executives going all the way up to goldman sachs were on a first name basis talk about what the banks did and didn't do. >> i mean, there was in terms of fomo just as much as investors getting in on these tech companies, there's something like that with the banks in terms of being the bank to lead the ipo of we work, uber, any of these, the most coveted slot. obviously they make a lot of money from it, make 100 million dollars or so for leading a big ipo. you split that. but this real cache -- so what we saw whether it was jp morgan or goldman and they were so fixated on the we work, that they jumped through hoops in every imaginable way, surprisingly to try to win his business. one of the things we saw, and we've written this a bit about at the journal, they do this pitch and say this is why you should choose us. this is how we will pitch your business to wall street investors. in it goldman sachs came in with this presentation where they show slides which we've seen, and

interesting to note, goldman sachs did issue a statement to us.ting requirements in place since jun. employees are required to submit their vaccine status and un vaccinated individuals are required to submit regular weekly testing and wear a mask in the office. i will tell you this at morgan stanley, from what i understand, they have a sort of daily health check that they were implement ing loosely at first, at least. i hear now that management is ramping that up, like you have to daily fill out this form that if you don't have covid symptoms that you've been vaccinated, you know, and just where you are in terms of help. that's being pushed at morgan stanley, so you could see wall street is maybe it's different than silicon valley as you know google and all of those west coast firms are saying work-from-home indefinitely. wall street maybe moving in that direction, based on this type of reporting, but i think we'll know more by the end of the week , liz, back to you. liz: you know what, charlie? we'll know more by tomorrow morning, we're just gett

two months after leaving wall street, goldman sachs is getting more cautious.e get the details later. the cio of one of the biggest u.s. pension funds says that he is starting to get nervous about the equity market. we discussed that with randeep somel. send questions to us. this is bloomberg. ♪ ♪ >> i think this market is priced to perfection. if i look outside the window, life is not perfection. my team started getting a little nervous about the equity market in the last couple weeks. it doesn't mean we will be underway. we certainly won't be ever -- underweight going into the fall. especially going into jackson hole on friday. anna: that was the cio of the california state teachers retirement system. one of the biggest u.s. pension funds, of course. joining us now it with his thoughts on the equity market is randeep somel. just hearing about how concerned they are. a little bit nervous about these equity markets is the way we heard it being described. priced to perfection. do you have similar views? randeep: if you look at the equity markets, they are priced

tom: david kostin is with goldman sachs, their chief u.s. equity strategist. he has been out front on rationalizing a higher equity market value. what is the conviction of 4700? after earnings, do you feel left behind where you've got to maybe extrapolate out further? david: thanks for having me on this morning. the outlook for this year of 47 hundred, looking to 2022 next year, around 4900 yet so you have a trajectory that moves higher. let me put a couple of numbers on the table for you. the u.s. economy will be in nominal terms around 8% higher this year then pre-pandemic, 2019. sales for the s&p 500 companies will be 15% higher and earnings will be 34% higher. that is a representation of the operating leverage that exists within sony companies. that is that's within so many companies. that is -- within so many companies. that is the first way of thinking about this. this quarter is at record high margins, greater than they were in 2018, 20 19. so the margin story is very significant. picking up on something lisa just mentioned, the opportunity set for inve

you work with these companies from square to google, to even goldman sachs.m really curious as to what type of company wins at the end of the day? is it a fintech company, a big tech company or a traditional wall street company that ends up winning this game? jason: the best experience wins. the companies that build the best experience, they listen to their consumers, and businesses, depending on which flavor of what they are trying to build, but we have seen where companies like goldman sachs, 160-year-old bank reinventing themselves. we have seen company is like after pay and by now, pay later or the cash app, and adding a car to the cash app, which happened at the beginning of 17, has transformed the banking. the idea of a betting fintech into companies is not a new thing. what is new is focusing on the consumer experience. this is happening around the world. in towns, cities, countries, continents, changing the landscape of how fintech, or really banking is brought to both consumers and businesses. i can't wait to see what happens. i think like most peopl

by the way, that matches goldman sachs.ll ahead, we will discuss mounting cases of the delta variant across the u.s. with dr. chris beyrer with the johns hopkins university school of public health. this is bloomberg. ♪ kailey: this is bloomberg markets. i'm kailey leinz. new covid-19 cases in the u.s. have driven -- risen once again to 100,000 a day on average, levels not seen since the winter. for more, we are joined by dr. chris beyrer of the johns hopkins bloomberg school of public health. maybe think about how the vaccines relate into this equation, should we be recalibrating them to account for the variant, should we just be giving everyone a third shot of the vaccines that already exist? dr. beyrer: the first most important thing to say is we are only at 51% of all americans who are eligible for a vaccine being fully immunized. the first and most important thing is many more people need to be immunized. we have three safe and highly efficacious vaccines with emergency use authorization, and we are not using them enoug

would compensate not just based on a shareholder oriented goals by howitzers and stakeholders, goldman sachs won't take a company public unless a border is diverse and every company in america is piling on that train, that trend of stakeholder capitalism became a vector for advancing modern woke values of identity politics and that was the birth of the contemporary woke capitalism as we know it. gerry: the social justice scanned by corporations and i'm fascinated by that explain why it is a scam and what they're up to. >> the basic rule big businesses able to use the progressive smokescreen as a way of deflecting accountability from their own business practices, there is nothing woke about making missiles that kill thousands of people but the number one commandment in the rules of woke capitalism the more ruthless your business actually is the more woke you have to act in order to covered up in the same thing with coca-cola you may much rather talk about voting laws in georgia or teaching your employees how to be less white then you what about talking about your own product impact on the nat

goldman sachs the latest to make that move. we are going to start on distrust with the health-care system. we want to talk what is going on with the hospitals and the burden they are under. of course, caroline, you brought this up earlier about some of the insurance issues. if those folks decide not to get vaccinated, what happens when they get covid and go to the hospital? does insurance cover it? caroline: that is a key question to ask. the point that they feel that will perhaps be the biggest wave , the vaccine mandates, and other things vaccines potentially bring to bear. it hasn't been the campaign to save your grandparents or the health risks for those around you. perhaps it might be the financial burden if you don't get vaccinated. taylor: some really cool charts that i know we are going to bring up here on if the fda approval moved the needle. a conversation we have been having a lot on this program. on vaccinated only say 31% more likely. 49%, wait and see. there was a certain cohort with legitimate medical issues one

getting into the book, they feel this pitch, this is why this is how we picture business unit, goldman sachsh his presentation and facial slides which we've seen i may comparing the work and mother teresa, when manuel miranda, they have slides talking about it. >> $5000 to perform back. >> the height of hamilton, he came to their summer camp and performed so this was after that. what we saw time and time again, act i they show to the world was markedhe immediately they often were competing against each other except especially goldman sachs and j.p. morgan to get or keep this leading the ipo that became giving good advice to them, investors are going to not want them to go public getting more shares and voting control, a board of all men is jumped out of people, it's our mission driven company you don't have a single woman on the board. there are hired hands but they are supposed to help you get out the door and there's pushback to get our good luck. >> it would be their reputation with their work with her to buy another day. for those who don't know, there is a sense of community start esome

hearing from the likes of goldman sachs, it is not the extent or really the communication of the fed, but remaining the growth outlook, earnings outlook but is going to really determine how stocks perform from here. shery: we have those softer than expected u.s. numbers, but also weaker chinese numbers. we saw that manufacturing growth number really pressuring the u.s. markets today. our next guest saying the market needs to be more reactive to economic data then it was the first half of the year. let's bring in sheena sissel, cio. great having you with us. as haidi mentioned, there is the earning side of the equation. this chart on the bloomberg showing us that earnings has been at historical levels when it comes to wall street estimates. can this provide a floor to the market? sheena: i think so. the fundamentals of been strong. part of that is because wall street estimates have been far too conservative. they are starting to take upwards. but probably staying on the conservative side. we have about 60% of companies in the s&p 500 have reported earnings. 88% have beaten on their eps

especially goldman sach's and j.p.gan to keep this holy role leading the ipo and it often came at the expense of giving good advice to them and saying investors are going to not want this company to go public with you getting more shares and more voting control. there are so many things that just jump out at people saying like you're talking about being the mission driven company and you don't have a single woman on your board. they popped up right away said yes their hired hands but this was to help you get out the door. this company got too much pushback to get out the door. >> the inhibitor to that we their own reputation. they all obviously live to fight another day. we'll talk about the psychology is so essential. there is a sense of community there. but the same time it's very much a capitalist. i think it is somewhat of an oxymoron with the desire for money and fame as much as he does. in the book he treats himself very differently. but there was a cult like religious atmosphere with him and his wife. i know the

goldman sachs and morgan stanley are in agreement on more stringent precautions for staff returning to is working on new measures. morgan stanley has informed staff they will require vaccinations. thank you for joining us. what are the details on the changes? >> as you mentioned, they have been introducing measures designed to make staff feel more comfortable going back to the office amid the delta spread. they are probably going to be running more covid tests. preventing small outbreaks from spreading. one of the concerns is they are arguing for proof of vaccinations and not taking employees' word for that. the idea is to make individuals feel more comfortable. maybe they have been vaccinated, their families at home have not. as you know, the banks have been extremely vocal, the wall street firms, about wanting employees back in the office as soon as possible because that is where the best work gets done, where creativity flourishes, where bankers learned the trades of the game. >> are banks softening their stance on getting bankers back to the office? >> yes. hand in hand with tighte

you say to yourself, how do you go from bank of america and goldman sachs? you could drive a mack truck through that. jonathan: it is a 900 points fred. tom: people are going to go, wait a minute, explained that. jonathan: i can't explain it for you. [laughter] tom: lisa can. lisa: a lot of the goldman sachs call was underpinned by this belief that rates remain low. if you believe rates are going to remain that much lower, that's got to upset the apple cart when it comes to equity valuations, especially overtime. tom: i would say it is a nominal gdp differential call, where goldman sachs is looking for some animal spirit in 2022 and on, and bank of america has a much more cautious view. jonathan: it is where they think the earnings will show up. lisa: but also, there's a question of we don't know treasury yields. they have continued to go down despite all of the calls for them to go up. jonathan: if i could tell you the print, and i do not have the print, the white house has the print. if i could tell you the number coming out in 19 minutes, could you tell m

we appreciate it we'll turn back to the white house cybersecurity summit we saw goldman sachs's jamie dimon walking in and google's ceo attending this high profile meeting. it's a white house summit on cybersecurity ongoing right now. expected to kick off not too long from now as the ceos are walking into the white house as we speak we're keeping our eye out for other ceos in attendance to this meeting. >>> all right, well, retail stocks being the broader market this year with one of our committee members making moves in the space today that trade is straight ahead you can tcwah us or listen to us live on the cnbc on the go app we're back in two minutes. roble. hey, cam...? ah, same deal! yeah, it's kind of our thing. huh, that's a great deal... what if i'm new to at&t? cam, can you...? hey... but what about for existing customers? same deal. it's the same deal. is he ok? it's not complicated. with at&t, everyone can ace back to school with our best deals on every smartphone - like the samsung galaxy z fold3 5g. >>> right now, a live look at the white house cybersecurity summit the wh