and goldman sachs ceo lloyd blankfein has the jitters. he's admitting there is something in the market he sees that is making him nervous. we'll tell you what that is and ask expert traders if they agree. floor show next on "countdown," stay with us, a lot of big news here. you totanobody's hurt, new car. but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do? drive three-quarters of a car? now if you had liberty mutual new car replacement™, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. with liberty mutual new car replacement™, we'll replace the full value of your car. liberty stands with you™. liberty mutual insurance. so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performanc

lloydr this week, blankfein came out and said he worries when corporate bond yields trade below dividendld. look no further than europe. take the euro and compare it to the stoxx 600 yield on high-yield europe, is that a cause for concern? eric: thinking broadly about global central banks, why are they tightening? is inflation out of control? no. this growth great? no, it's ok. it is financial stability. whether it is u.s. high-yield or european high-yield, whatever credit market you're talking about, they are getting compressed, which is a specific goal. sometimes there is too much of a good thing. that is the number one focus of central banks right now -- financial stability. trey, something that does not come up much at the ecb news conference. should it? how frothy should it look? trey: i think their sole mandate is price stability. from a u.s. perspective, asset bubbles and one of the things growth provides an low rates provide is the ability to create those excesses. they have to worry about trading demand andlse elevated prices. that is something we need to think about as investor

yousef: up next on "best of bloomberg markets middle east," lloyd blankfein and the head of the sauditment fund part about the oil dependent economy's transformation. don't go away. this is bloomberg. ♪ ♪ yousef: more now from the bloomberg global business forum in new york. when the audience heard and missions for reforming the middle east are bringing new opportunity for global investors , ian bremmer posted this discussion with saudi arabia's public investment fund's ceo and goldman sachs chairman lloyd blankfein. towe are going there effectively take capital out of the country and invested outside the region because that is where the growth was, and that is where the demand for capital was. one of the big changes, and certainly some of the changes that have been driven by vision 2030 and other countries around the region is that there is a lot of growth and investment being done in country. is the that opportunities presented by the population, and some of it is compelled by anxieties about how to put the population to work and take account of the demographic that that there is go

lively panels with financial leaders including lloyd blankfein, and bill gates. next, conversations with investors on the markets and more. >> maybe what the president does is not as important to the markets as many once thought. >> this is bloomberg. >> this is bloomberg past. globalng the bloomberg business forum, many of wall street's most respected investors took part in shared insights with my busy colleague erik schatzker. >> what are you seeing in the economy? >> the economy is in reasonably good shape. a recession is due at some point. point, i will be right and we will have a recession. right now the economy is doing pretty well, growing at two and a half percent. i would say i don't see any signs of a slowdown. aboute people are talking synchronize global growth. >> there is more synchronization than before. don't see any recession anywhere in the world. >> does that surprise you? >> it does. right now, things are in good shape. the deepest recession has been in brazil. >> you have described a private equity paradox. returns,es, declining accelerating i

what they need to be doing is investing in education and jobs lloyd those blankfein is talking abouts should be filled by western ex-pats should be filled by saudi nationals. is definitely not on the cards for saudi arabia in terms of the success of its reforms program. tracy: lloyd was speaking alongside the managing director of saudi arabia's take sovereign , when itnd, the pif comes to saudi's transformation, how are you judging it progress? what are you looking at? there has been a lot of talk. long,s going to be a drawnout affair. people are expecting results to come to early. they had made progress in some areas in terms of cutting public sector wages, but then they reversed those issues. they announced energy subsidy reforms but then a delay to those reforms. there is a lot of talk now, not as much action. i'm encouraged they have this broader vision of how they want the economy to transform and the next decade or so. that is not something every economy inabilities has. they are making progress, but more definitely they need. we are expecting second-quarter gdp figures soon. w

plus, lively panels with financial leaders including lloyd blankfein, and bill gates.t, conversations with illustrious investors on the markets and more. >> maybe what the president does is not as important to the markets as many of us once thought. >> this is bloomberg. ♪ ♪ >> this is "bloomberg best." recapping the bloomberg global business forum, many of wall street's most respected investors took part in shared insights with my busy colleague erik schatzker. >> what are you seeing in the economy? >> the economy is in reasonably good shape. i have been saying for a number of years, a recession is due at some point. we have one every seven years on average. at some point, i will be right and we will have a recession. i don't know when it will occur. right now the economy is doing 2.5% perll, growing at annum. i would say i don't see any signs of a slowdown. >> some people are talking about synchronize global growth. do you perceive that? >> there is more synchronization than before. the developed markets are doing quite well but the emerging markets are doing better.

i say that because lloyd blankfein has extraordinarily critical of the resident >> you could say he could have been the voice within the fed. no that this can't happen with quarrels but u if we extrapolate this, if we are to believe and a lot of people do, that gary cohn wanted that position of fed chairman, if he doesn't get it and it looks like he won't. is he walking away entirely. >> that creates the stability factor we're looking for some sort of sfabl staiblty and we're not seeing it. seems like weekly, something is changing around the white house. you want to see gary cohn in these positions that we think at least the possibility. you bring up the biggest prop trade ever i agree with guy i think that puts him in a position to be somebody who could do a very reasonable job as the fed chair if he's not the guy, then who is and does he want to leave because he's not getting the role he expected to get. >> hold on a second. if the administration in office has anything going for it, it's that it's promarkets, probusiness, pro everything. doesn't matter who he's going to bring in look at

is anticipating t why not give the market a bit, then try a bit more >> goldman sachs's ceo lloyd blankfein said he is worried by some aspects of the market sector he said when yields on corporate bonds are lower than dividends on stocks, that unnerves me. he said it did not feel like tulip mania, but there's a feeling that things have been going up for a long time annette, you've been speaking to many of the heavy hitters in frankfurt. >> yeah, indeed. we have been speaking to many of the guests here at the banking conference of course the thoughts are the ramifications of the ecb policy, regulation and all these things, i'm joined by a special guest who can tackle the questions as well, the president of financial watchdog here in germany thank you very much for your time >> thank you >> let's talk about what we heard in the studio, that mr. cryan, the ceo of deutsche bank is concerned about the ultra loose mron teonetary policy how concerned are you when it comes to the german banks. >> we just completed a major survey together with our colleagues from bundesbank on the impact of low inte

in 2010, when the senate recommended criminal prosecution for goldman sachs ceo lloyd blankfein, he hirede nation's top white collar defense attorneys reid weingarten, conveniently friends with eric holder and kids go school with lanny breuer. lanny breuer head of the d.o.j. criminal division. holder and brewer worked for years at the elite washington law firm where they represented many of the banks responsible for the financial crisis including bank of america, citigroup and jpmorgan chase. holder and breuer joined the obama administration's justice department making sure no one including lloyd blankfein was prosecuted for the financial crash. now they're out of government and back at covington and berling, representing big corporations, did they stop representing big corporation says in covington and berlings millions in political donations just add to the stench of corruption attached to the swampy firm. lawyers are supposed to represent justice, in today's america, it's the exact opposite. too many of them represent the perversion of justice. >>> coming up, tweets and facebook posts

when yield on corporate bonds are lower than corporate stocks, blankfein said that unnerves me. >> i share his concern. but it's nothing new. it started with the feds pushing interest rates down. there is 44% of the stocks on the s & p with higher dividend yields that fortune companies. the market sees them as lower risks than the u.s. treasury. so you have -- i think it fed's unuse monetary policy has creates these distortions. but the fed is starting to normalize rates which will lead to a better allegation of capital. it does start the shot clock on the recession sometime down the road. but it's better. you want free markets to work. you don't want them to be manipulated by the central bank. maria: you are the second person today who brought up the word recession. i'm talking about the growth and the treasury, steven mnuchin is talking about 3% growth. where is this recession idea coming from? >> i don't think it's going to happen for quite a while. higher inflation, and a policy error and the third is an event like the oil shock. none of those things are present now. i think the

in 2010, when the senate recommended criminal prosecution for goldman sachs ceo lloyd blankfein, he hiredtop white collar defense attorneys reid weingarten, conveniently friends with eric holder and kids go school with lanny breuer. lanny breuer head of the d.o.j. criminal division. holder and brewer worked for years at the elite washington law firm where they represented many of the banks responsible for the financial crisis including bank of america, citigroup and jpmorgan chase. holder and breuer joined the obama administration's justice department making sure no one including lloyd blankfein was prosecuted for the financial crash. now they're out of government and back at covington and berling, representing big corporations, did they stop representing big corporation says in covington and berlings millions in political donations just add to the stench of corruption attached to the swampy firm. lawyers are supposed to represent justice, in today's america, it's the exact opposite. too many of them represent the perversion of justice. >>> coming up, tweets and facebook posts on "swamp w

. >> coming from lloyd blankfein, he's not an academic is a compliment >> i don't know that he reads a lot of policy papers let alone writes them. the post says those are luke warm comments. i don't know lloyd said something about the markets being long in the tooth. he said it makes him nervous when the yield on government bonds are below dividend yields. then he's been nervous for eight years. >> you would think the bond yields start to rise as economic prosperity comes about >> but if that's your only metric, it's been that way for most of the -- >> i also think of him as a divining rod to know when things get long >> he's a risk guy, but also sometimes when everything you do is based on downside protection, maybe you don't stay to the end. >>> we have some -- i call this business politics news bipartisan action on the debt ceiling and hurricane harvey relief kayla has that story >> reporter: an unexpected deal. senate majority leader mitch mcconnell introducing a bill packaging hurricane aid with three-month extension force the debt limit and government spending a proposal by the

that was lloyd blankfein at the bloomberg global business form. up, which you need to know to cure up for tomorrow's trading day. this is bloomberg. ♪ willet: the bank of japan announce its latest monetary policy decision thursday, no change in rates expected. joe: i will be looking at initial jobless claims tomorrow. we will see if there are any lingering a fax from the hurricanes on the data. julia: brazil's quarter in the inflation is this a phone? or a little internet machine? it makes you wonder: shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com. >> you are watching bloomberg technology. let's start with a check of your first word news. people haveials say been rescued from the rubble of collapsed buildings after tuesday's earthquak

earlier this week blankfein came out and said he worries when corporate bond yields trade below dividendlds, take the -- look no further than europe. if you look at the dividend yield on the stoxx 600 on high-yield europe, is that a cause for concern? eric: i think if you think broadly about global central banks, why are they tightening? is inflation out of control? no. it's ok, but not great your it is financial stability. it is the frothiness in spread. whether it is u.s. high-yield or european high-yield, whatever credit market you're talking about, they're getting compress the explicit goal over the past 10 years since the financial crisis, but sometimes there is too much of a good thing. that is the number one focus of central banks, financial stability. financial market frothiness. jonathan: trade something that does not come up much at the ecb news conference. should it? how frothy european credit looks? ecb's soulink the mandate is price stability. from a u.s. perspective, asset bubbles and relative excesses in the system. one of the things rates and run provide is an ability to

talked about blankfein and goldman sachs and say we're not committing any crimes because even though he's doing the same crimes that sent them to bankers in jail in the one nine hundred eighty s. during the savings and loan crisis they got government to change the law so that those crimes are not he legal anymore so he's right he's not breaking the law anymore because he changed the law to make what was illegal illegal. he. just. nodded it was not a. syndicate. it has got a look and i get clambers god i can with the heavy gauge the primers and. get locked. up. to something like. that. but in this image it's not synonymous how do you want to be. done now been a card number sorry mate even if it is on the ticket this internet. magic has up to an option. that isn't how to unlock the telescope to enter xena to the death. and we have to make it easy for me not good. at what is or at least you could get it going game and evasion islami when duckling doesn't get enough sleep kidani. but a series of acumen of wicca to doha seem at big to negate the need to big money on his own. to be a summa

talked about blankfein and say we're not committing any crimes because even though he's doing the same crimes these bankers in jail in the one nine hundred eighty s. trying to say it was a long process they got government to change. the legal anymore so he's right he's not breaking the law anymore because he changed the law to make what was. illegal. oh you mean you want the money. only the house yes there. will be a good story. but . then you will get a. big. freedom of speech all that the laws that we do they just need to be changed just a little and i don't i don't. understand the idea. all will be fine but having people raising children blowing. if you take. those back. to the tiger is also. a couple maybe there is going to be. yeah maybe there are loads of stages. where all this or about anyone who favors but. really played until. there is this. darker. reality. and the looks move. and. a when i thought of a sudden from. uncertain does a high level of. those on the butt of the hospital says one of the look. at a look while the call for love. because of those those even then. and f

all the crimes are being committed today on wall street talked about like lloyd blankfein and goldman sachs to say we're not committing any crimes because even though he's doing the same crimes that sent him to bankers in jail in the one nine hundred eighty s. during the savings along they got government to change the law so that those crimes are not he legal anymore so he's right he's not breaking the law anymore because he changed a lot of make what was illegal illegal. greetings and salutation. too often in our world today hawke watchers far too many journalists choose to go along to get along when they are confronted by a story that if reported honestly couldn't most definitely would bring down the wrath of the powers that be upon their career credibility and character thankfully and lucky for us there are still many reporters out there who are not afraid to report the truth despite what the corporate news media's daily doses of paper thin reporting and celebrity gossip gossip would have us believe with tensions once again rising to cold war level levels between the great nuclear

sachs chairmann lloyd blankfein talking about the economy transformation. now go away.is bloomberg. ♪ ♪ yousef: welcome back to the best of bloomberg markets middle east. more now from the global is this forum in new york. the ambitions for reform in the middle east are bringing new opportunities for global investors. eurasia group founder hosted this discussion with some ceos including the goldman sachs ceo. , we are goingours to effectively takes capital out of the country and invested outside the region, because that is where the growth was and that is where the demand for capital was. i would say one of the big changes, some of the things vision 2030, and obviously other countries around the region, is that there is a lot of growth and investment the in done in country. ,art of that is in the energy and opportunities presented by the population. some of it is compelled by how to put the population to work and how to take account of the demographics factor. there are so many people, , so a lot ofobs the countries in the region wants to invest in their own countries a

all the crimes are being committed today on wall street or talked about like lloyd blankfein and goldman sachs of say we're not committing any crimes because even though he's doing the same crimes that sent them to bankers to jail in the one nine hundred eighty s. during the savings along crisis they got government to change the laws so that those crimes are not he legal anymore so he's right he's not breaking the law anymore because he changed a lot of make what was illegal illegal. well you know they were kind of adopted because we were called pirates for so long. i mean they're in the small boats next to the harpoon ships and it's scary. the limo self to be told fish already ninety percent of the dot and it won't be calmer. conta teams. trying to do it several times a day with a big fleet oh you get an idea. we have to understand we can still use to just. be with this be used for you because we're. doing this because i want them for the future. to future generations to have and enjoy the ocean we have. greetings salutation it's too often in our world today a hawk watchers far too many

morgan's desk so crypto is something that jamie diamond or lloyd blankfein or any other central banker big deal or banker really cannot stop we are seeing now state actors emerge in the case of china they're trying to stop something from happening that is to say they lose control they lose or all thoughts are in control but the bitcoin has spread now so prodigious lee all over the world that they can do an end run around china if that's what's needed to be if china want to go back to the frick and you know two hundred years ago they want to go back to developing nation they want to leave the twenty first century technological development and revolution so be it go away we don't need you. right right. that's right. who's taken their place japan south korea other asian nations still russia looks like lobby russia all the time on the phone in the kremlin almost every other day. well i may have been. right. maybe it's me just calling you from the other room i'm helping your conspiracy theories out in a little early you watch too much m s n b c. so i want to talk further about this j.p. mor

there are these phone call archives online, where sidney weinberg, blankfein's predecessor, is on the-- i want you to recommend a treasury secretary. wler.on recommends folwe fowler went to work for goldman sachs. the connection goes back to johnson, and even earlier. wake of the in the financial crisis once people start getting angry? the ramifications have been nothing. david: thanks very much. perhaps we will be reading hillary clinton's book. head over to bloomberg.com/politics. we will hear from former u.s. ambassador to the u.n. bill richardson, ahead of the u.n. vote on new sanctions against north korea. you can catch all her interviews on the bloomberg with the function, tv . this is bloomberg. ♪ so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver. julia: i'm julia chatt

so we're here with lloyd blankfein, who has been the chairman and ceo of goldman sachs for 10 years. i don't think any of your predecessors in the last two decades stayed that long. is that right? no, i don't think they stayed-- i'm sure it seemed that long, but they didn't stay that long. let's talk about your early life if we could for a moment. you grew up in new york city. when you were growing up, you didn't have a lot of money. was money anything you ever thought about when you were growing up as wanting to have a lot of money? what were you interested in when you were a young boy? i didn't think about money, because i went to school with other kids that were like us, and so i just didn't know what was-- i didn't know what-- i don't know if it would have changed me had i known, but i didn't know what the range of possibilities were. i didn't know that we weren't well-to-do. you were in brooklyn. i grew up in brooklyn. your father worked, as my father did, in the post office. oh, colleagues. right. mine worked in baltimore, yours worked in new york, but their job was to file the

sachs, lloyd blankfein will get his take on investment in the future of energy in the middle east.berg. ♪ david: welcome back. >> popping higher today, big game of technology. some casinos joining us live the stock is higher, it is abigail doolittle. considering the lotteries are a source of revenue for -- the shares are popping higher today for international game technology upgraded to a buy it bank of america america -- merrill lynch. 2018, he really likes the revenue. also for slot machines. that is a stable revenue source. he sees potential upside for the price of mega millions. it will double from two dollars octoberollar as of 21st. it will actually double but that is a relatively small piece of the pie. at the overallok revenue for new york state. we see quite a bit of revenue comes in for new york state and it has been on the rise from 2007 through more recently. 60% of the money that comes in, about 15%, or other operators. if you take a look at second graphics, he will see little bit of a breakdown. the us a have the jackpot at 8%. that might take a little bit to get a pi

when yield on corporate bonds are lower than corporate stocks, blankfein said that unnerves me. >> i share his concern. but it's nothing new. it started with the feds pushing interest rates down. there is 44% of the stocks on the s & p with higher dividend yields that fortune companies. the market sees them as lower risks than the u.s. treasury. so you have -- i think it fed's unuse monetary policy has creates these distortions. but the fed is starting to normalize rates which will lead to a better allegation of capital. it does start the shot clock on the recession sometime down the road. but it's better. you want free markets to work. you don't want them to be manipulated by the central bank. maria: you are the second person today who brought up the word recession. i'm talking about the growth and the treasury, steven mnuchin is talking about 3% growth. where is this recession idea coming from? >> i don't think it's going to happen for quite a while. higher inflation, and a policy error and the third is an event like the oil shock. none of those things are present now. i think the

goldman sachs ceo lloyd blankfein called for congress to find a solution. mark zuckerberg echoed that call saying this is a sad day for our country. >>> president trump is heading to north dakota to drum up support for his tax reform plans. in a surprise move the democratic senator will fly with him. the president struggled to get the democrats to back his tax agenda, which includes slashing corporate rates and simplifying the tax code obviously yesterday the news in the u.s. around the world, they were filled with the daca rescinding that was quite a slok to mahocky now it's up to congress to fix the issue whether they can fix t that's a different animal because they have not been able to bring new immigration legislation to the table in decades. then tends up on mr. trump's desk again i want to talk about the economic impact of rescinding the daca program according to estimates, it would result in a also of 4$470 billin from national gdp, that's u.s. gdp over the next decade ending daca would remove 685,000 workers from the nation's economy. i know donald

vonnie: we have not had a tweet from lloyd blankfein or jamie dimon yet.n vocal throughout this administration. it looks like the event is about to get underway. kevin, give us a little of the atmosphere in the hall. we heard your interview earlier was very upbeat and thrilled about what he was going to hear. kevin: the program has begun to get underway. the white house has arrived. the top ceos of the manufacturing companies are in the room. they are playing a video behind me, and introductory video. the president is expected to be speaking momentarily. i am told he will tout many of the plan that he has released in the framework. [applause] we are expecting this to begin any minute. vonnie: our thanks to kevin cirilli. he may have to take his seat. that looks like a pretty nicely choreographed event. in the meantime, while we await the actual president and his remarks, the idea that there is going to be a new fed chair, hase hearing kevin warsh been interviewed as well as others. how much is the financial lobby active in d.c.? have they managed to drain

all the crimes are being committed today on wall street talked about like lloyd blankfein and all the sights of say we're not committing any crimes because even though he's doing the same crimes that sent them to bankers to jail in the one nine hundred eighty s. trying to say it was a long process they got government to change the law so that those crimes are not he legal anymore so he's right he's not breaking the law anymore because he changed the law to make what was illegal and legal. begins his maiden speech at the un general assembly with his america first mantra but something rather like he's trying to say. this is greasing security measures by constructing a bulletproof glass wall around the world's most popular monument. outrage online. syrian government forces cross the euphrates river securing their advance and moving closer to u.s. bank forces. very good if. you're watching international. trump has delivered his first address to the u.n. general assembly he began by emphasizing that his priority was promoting the interests of his nation as president of the united states i

lord -- if lloyd blankfein gives me of four slice toaster, i am all for it. i want for slices.. howard davies is so delighted to know that. coming up on bloomberg television, we will be talking about the emissions scandal. that is taking center stage in the german elections. those elections on september 24. this is bloomberg. ♪ tom: it is something to see. it is out of ancient rome. except it is in downtown new york. it is one of the two foundations of the world trade center. one of the beautiful pools of the world trade center memorial. it is an extraordinary and emotional visit in the foundation of the two buildings. they are truly extraordinary. we welcome you on this september 11. we will have coverage of this on bloomberg radio later today. jonathan miller scheduled to be with us to talk about the vibrancy 16 years on in downtown manhattan. here is taylor riggs. weakened hurricane irma is making its way up florida's western coast. it has been downgraded to category 1. it is now northeast of tampa. and battered south florida left an unknown amount of destruction. almost 5 m

chubb and jp -- absolutely lloyd blankfein yesterday gave some indication.easons to be negative i think they're well priced in >> he was speaking here to a european newspaper >> thanks, wilfred >> mike, john, good to have u yo both that's it for "worldwide exchange." "squawk box" is next cd's, baseball cards... your old magic set? and this wrestling ticket... which you still owe me for. seriously? $25? i didn't even want to go. ahhh, your diary. "mom says it's totally natural..." $25 is nothing. abracadabra, bro. the bank of america mobile banking app. the fast, secure and simple way to send money. >>> irma turning deadly leaving a trail of destruction as the storm roars across the caribbean and towards florida. >>> job opening at the fed stanley fischer stepping down. >>> the president reportedly has soured on choosing gary cohn for fed chair. the details and potential market implications coming up. >>> and an interview with the ceo of exxonmobil. he has an update on the refineries in the gulf coast getting back to work after hurricane harvey it's thursday,

goldman sachs had the worst performancerading of blankfein's 10-year.bank is focused on improving that. david: the pretax is overall for goldman sachs rather than fixed income? julie: that is correct. that is overall not just in fixed income. david: did you get a number for xed income specifically? alix: compared to the other banks there is no other way to describe it, you get the drift. joining us with financials, we perkin.a chen and eddie it doesn't seem to me like it's a huge boost for that business. tina: i have been digging into the slides for the presentation they have beens dependent on active managers. they have a high concentration .f a hedge fund clients this is led to a decline there, also the emphasis how market making is central to their entire fixed income business. they are being able to use their own money to facilitate trades as well as generate volume. that is central to their business at a time when they know trading volumes have gone down quite a bit. there is a question of whether this is the new normal especially with yields so lo

all the crimes are being committed to day on wall street or talked about like lloyd blankfein and all the size of say we're not committing any crimes because even though he's doing the same crimes that sent them to these bankers the jail in the one nine hundred eighty s. trying to say was a long process they got government to change the law so that those crimes are not he legal anymore so he's right he's not breaking the law anymore because he changed a lot of make what was illegal illegal. prescribe medication is widespread on the u.s. market and a frequent cause of death at that point in my life. like everything was ashes my family was literally coming unglued i had actually planned. to commit suicide watch all who has made antidepressants so commonly used we were doing what the doctors told us to do we were being responsible and what the real side effects. was is to literally olt what i did was done on a cocktail of legal drugs. just because something's legal doesn't mean it's safe. donald trump speaks to the united nations for the first time claiming the international body needs r

then you have these storms and all the damage that they have wrecked and so forth, so for lloyd blankfein to be out there, ceo of goldman sachs, for paul singer, for a bunch of really smart people to be scared is a good thing. it's a good thing that they are scared, and it's also why we're going up like this, because a lot of money has been sitting on the sidelines waiting. as pete has said many times, he's not the first, but if you get to the sidelines, it's really tough to pull the trigger to get back in if you don't interest that trigger event, that big whosh to the downsigned, you know, where it's 500 points on huge volume. we haven't seen that, so a lot of that money has stayed on the sidelines and meanwhile the market keeps climbing. >> got people like tom lee sitting here on friday looking at a 4% to 5% correction over the next. >> or howard marks or jeff gundlach. >> granted 4% to 5% in a market that's, you know, at 22,000 is not exactly earth-shattering. >> true, true. >> but it still speaks to sort of where sentiment was going. >> yeah, and i think you have to look at the deriva

ceo tim cookple and lloyd blankfein. this morning, one simple chart. the dollar went up.ook at the bottom of your screen. the dollar bulls were brave enough to show their face for one day. the chart is telling you the fed is stoic, if nothing out. -- if nothing else. underpricing still about reducinge the view of where the long-term ultimate rate will be. that perhaps is little bit of softness. anna: that is a fascinating one to counter all the other hawkishness we talked about already. diverging monetary policy between the fed and the boj as the boj does nothing. let's put up the risk radar and cheney have markets have reacted. -- and show you how markets have reacted. a balance sheet reduction, meanwhile no change at the boj. the yen came down, yields went higher because of the fed and this divergence, the week in having an impact on the japanese exporters. japanese stocks going higher and more nervousness about the tightening message coming through more consistently from the fed. there was one dissenter, the new minister on the boj. but no change and their targeting 0%

high-profile ceos including mark zuckerberg and lloyd blankfein and jack dorsey have criticized the decisionitted a tax overhaul is essential to boasting -- boosting economic growth. he hosted national economic andcil tractor gary cohn stephen mnuchin and house speaker paul ryan, senate majority leader mitch mcconnell and the leaders of the congressional tax-writing committees of the white house. the former currency chief said the boj should and its obsession with 2% inflation rate -- rate. this is the central bank should reduce its annual bond purchase target calling governor kuroda is unprecedented stimulus program and ineffective intravenous drip. this is bloomberg. ♪ global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. let's have the latest with jesse kamaruddin. getting a little bit messy. josie: there are a few things that we are seeing, the bond rally and we have a slightly weaker dollar and you can see from the red column that asian equity markets are under pressure. when it comes to what is dragging the most it is financials, tha

stanford nicks professor john taylor and gary cohn, and here's what goldman sachs said lloyd blankfein said today about his former employees gary is very, very compared, but there's no one that has a better sense of market. 23 gary got the job, he would do -- the vice chair, he was the vice chairman at citigroup, top jobs in the imf and at the world bank, but most -- he talked the central bankers of the world, including ben bernanke and mario draghi, counted among hess students the list goes on and on of those that sam fisher taught to. >> he was due to leave next june, anyway, so leaving almost a year early >>> thank you, steve leading the up side today. >>> fort folio manager at eaten vance, steve grasso from post 9, and rick santelli checks in from the cme as well. so, steve, i should point out the yields have come back as well a little bit. so how do we put this in perspective? yesterday we were concerned about north korea. expectations for irma, what do we say about today >> i they all those are the major concerns that the market is still battling with, but it was the top story an