and then all of this came to light and conrad had to resign and david sachs was ceo and he is past withnaround. -- he is taxed with the turnaround. carol: what is the future of zenefits? where is conrad? is he sitting on the couch somewhere? >> he probably is, but he is already planning his next company, although, we do not know what that is. we have heard some people say they want to get in touch with them. he grew this company to $60 million in three years and that is nothing small to laugh at in silicon valley. carol: he is revered to some extent. does zenefits have a future? >> i talked to a number of customers that are frustrated, but i think so. but no one said that they would leave. david: a look at the new generation of american psycho fans. >> there is a musical on broadway of "american psycho," based on the book about a serial killer. one of your reporters goes to a show with yale is this school students. what do they make of the show? >> they kind of come out being conflicted. they go in, they like it, and we actually quote one person who saw it, 825-year-old who said somethi

you think of the venture capitalists to hind, airbnb and david sachs came in to help run the company.is another well-known investor that has been involved in paypal and so forth. what was his role? on the richly as chief operating officer and he was going to work with conrad and help zenefits grow into a better company. all of this came to light and conrad had to resign and david sachs was ceo and he is past with the turnaround. carol: what is the future of zenefits? what is conrad? is he sitting on the couch somewhere? >> he probably is, but he is already planning his next company, although, we do not know what that is. we have heard some people say they want to get in touch with them. he grew this company to $60 million in three years and that is nothing small to laugh at in silicon valley. carol: he is revered to some extent. does zenefits have a future? >> i talked to a number of customers that are frustrated, but i think so. david: a look at the new generation of american psycho fans. >> there is a musical on "american psycho," based on the book about a serial killer. when of the

. >> it's steve, he is a goldman sachs guy. >> david, it's not going to matter a hoot. donald trump is so popular right now, he's going to have so much free time on tv. the people care about what he says. they care about what he thin. they don't trust hillary clinton. they don't want another four year of barack obama. there's an uprising in this country and trump has the wind in his sails. >> said he's not only going to fund his own campaign, but some of the congressional races as wellful do you think he can? >> that's trump -- i guess, right, i don't think he can and the thing is is, he needs to get the gop establishment behind him. but he's served up so many knuckle sandwiches to these guys that think don't like him. the bush family isn't coming out for him. paul ryan, lindsey graham. this is a gop establishment that donald trump needs behind him. it feels like they have to apply novocain to their nerve endings before they embrace him. >> that's a phrase i haven't heard since junior high school. but what do you think about the funding issue? >> i think that's the fund

sachs leverage finance conference. bloomberg television is live with alix steel. .lix: thank you so much, betty i am here with david solomon, cohead of investment banking at goldman sachs. the leverage finance conference, why now? david: there's a lot going on in the markets. it has been a volatile start to the year and if you look at the leverage finance markets over the past couple of months, it has been a volatile period. i would like to say we started planning two months ago and it just fit into the market, but as you know we do these things in advance. we think it is a function that our clients need, the opportunity for 100 issuers to come together with 500 investors and spend time talking about what is going on in markets, in the businesses. a great opportunity for businesses to do due diligence. we are proud to sponsor it. alix: the demand that you might see right now, you trust it and think it is a sustainable demand? david: markets run in cycles and the one thing that happened that was very interesting, we had a downward pressure on the market. market lows came in the middle of february but we have had a massive t

and we had to the goldman sachs leverage conference. ♪ david: voters in kentucky and oregon are headingo the polls cede anyfusing to clout -- any ground to hillary clinton, bernie sanders is still campaigning. she could be hurt in kentucky after making negative remarks about the coal industry. our bloomberg politics reporter joins us from washington. predictednie sanders to do today? kevin: he needs to do well because he is still significantly lagging behind in the superdelegate and delegate count against hillary clinton. but you only did to it and it is absolutely true that in the heart of coal country, hillary clinton is still battling back from a gaffe which he said against the coal industry and the sanders campaign has seized on that. earlier today, we were reporting former president bill clinton is saying he would be looking for a job in the hillary clinton white house. the sanders campaign also seizing on that, saying he would be appointing people who are not so close to wall street. reading between the lines, some jockeying still going on this late in the race. who would have tho

sachs. erik: it is great to see you here. >> always great to see you. thank you for having me. erik: david solomon of goldman sachs. back to you in new york city. alix: at the milken institute global conference in los angeles. coming up, can you name this stock? our mistry stock is cleaning up today as most of the market stays. earnings topping estimates after whitewashing its hands of the venezuelan assets. we will until the mistry stock after the break. -- the mistry stock after the break. alix: it will focus on diversity in the technology industry. she made headlines in 2012 when she sued kleiner perkins alleging she had been passed over for promotions and excluded from corporate events because she is a woman. the venture capital film won the lawsuit and bloomberg west tanker emily chang will have an -- exclusive interview with ellen pao her self at record p.m. eastern time right here on bloomberg television. now, the moment that i have been waiting for, we are going to find out with the mistry stock is. julie hyman at the news desk. the mistry stock is cleaning up today. even after whi

. >>> coming up on squawk alley, the co-head of investment banking at goldman sachs david solomon anertainly do not want to miss. let's check on the dow as we head to break still down 1% or 180 points. we'll be right back. ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ >>> let's get to the cme group with rick santelli and the san tell ly exchange. hello, rick. >> hi, carl. i'd like to welcome in my guest jim paulsen, and thank you for taking the time this morning. >> you bet, rick. thanks for having me. >> and it is fair to say, jim, you are bullish, and write some good pieces, and some things to worry about for the most thing bullish, and you are believing another stab at the highs on the eq equity side. so my question is, is the weaker dollar one of the big reason, and have we gotten too much of what we wished for and it seems that the fwliter associated with the reare bound of the stocks in january which is many ways was a weaker dollar related to tissues, be all of the sudden, it does not seem to be working. thoughts? >> well

david w.: thank you so much. bloomberg's michael moore. ray mcnulty, what is the future for a bank such as goldman sachs? hey have been a real -- around for a really long time and i think they will do just fine. david w.: thanks very much. e.at is rate nolte -- ray nolt a debt deal ahead for cash-strapped puerto rico. ♪ david w.: this is "bloomberg go." i'm david westin. up -- vonnie: this is "bloomberg go." deere has cut its full-year forecast. industry-wideys sales -- may be done as much as 20% this year. xerox says that ceo ursula burns will become chairman of the document technology company when the company is split in two. xerox is on track to complete the separation by the end of the year. birds"s of the "angry "the angry birds movie" will revive interest in the games. they have been downloaded more than 3 billion times. interest has been waning. jon: thanks a lot. i want to cross over to abigail doolittle. movers to have a look at. abigail: thanks so much, jon. a better than expected outlook being driven as new orders surge ceo gary dickerson of applied materials thinks the trend is likely to conti

maria sat down with goldman sachs david at the milken conference to get his take on what sect objectionmeback. maria: good to see you. i would love to see you and get a check on what's going on in the markets and i know early in the year, it was the worst beginning of the year in any year for markets and the deal flow really slowed down. how would you characterize deals and opportunities today? >> there's no question that the volatility we saw right off the bat in january slowed down deal activity. we need confidence, ceo's need to be confident in order to keep moment uiment in -- momentum in m&a activity. they're very active in terms of talking about targets and things they want to the strategically and now that markets have settled we see picking up again. maria: what sectors to see best consolidation? >> in health care and you saw it last week. there's a lot going on in media, tech, a lot of disruption there. the fact that industrial businesses have been more pressured for growth i think is really having an impact on ceo's in that space. maria: what is it going to take to move the ne

>> wi-fi finds goldman sachs cuts operations to 10% of its staff. ♪ david: welcome to "bloomberg here withwestin jonathan ferro and megan murphy. it is a treat to have you because all eyes are on washington. the big story is the jobs report out in 90 minutes. jonathan: it is the most important jobs day until the next one. guests a great list of including our kruger and bill gross coming up after the numbers break in 90 minutes time. let's check on the markets for you. two hours and 30 minutes away from the market opening in new york and futures are a little bit softer. the s&p 500 futures are negative five. over in europe, the stoxx 600 getting beaten up this week coul. the ftse off by 8/10 of 1%. here's the dollar ahead of payrolls. the euro-dollar 11426. the dollar on the back foot they re. a forecast for low inflation down under. yields are creeping a little bit lower, down a basis point at 1.4% for the 10 year. big moves in the bond market, matt. matt: that is one of the stories we will be focused on throughout the hour. i also want to kick off my stock move percent with what

sachs conference. we will have alix steel interview guests. david solomon, cohead of investment banking. at 11:00. at the end of the 11:00 hour, -- goldman sachs's chief economist. i'm sure you will be glued to the television for that. we will talk with a number of other guests including one from -- the chief strategy officer from pgm. deco, a the ceo of a leading provider of hr solutions. you know hr terrifies me some probably going to let that he do that one alone. jon: there is a cultural the bloomberg go, and when you come around, i'm hitting it. the data has been cti, housing starts. it all looks pre-good. the action in the bond market is two-year yields rising and the longer and rallying. a flat-year-old car -- a flat yield curve. berlin,eel it in europe the heart of europe? matt: we see yields coming down in germany. about half a point right now. across the continent we had .ifferent eta i know you had strong cpi data in the u.s.. the u.k. had inflation come in lower than the estimate. about 0.3%, looking for 0.5%. it may be a different picture that's why central banks on the cont

. >>> taking this into david sullivan, co-head of investment banking the goldman sachs, he told us what driven atma activity. >> the biggest root is that growth is sluggish and if you're you're a ceo you're trying to pull all the levers you can do. buying growth is one of those levers. ceos would like to do that. shareholders would like them do that. so if the market environment stays reasonably balanced, i do think we will see a pickup continue as we go through the year. >>> cbs shares rose enough after the media company reported better than expected earnings. julia boorstin has the report. >>> cbs shares higher results on both the top and bottom line. revenue grew 8% to $3.5 billion. earnings per share increased to a record $1.02. ceo les moonves saying he believes they can see double-digit price increases. he also said cbs expects to set a report for political ad aref knew in the coming year. cbs also saying that digital ads will be increasingly more important but you'll get more bang for your buck with broadcast ads. >> clearly, there's a shift in dollars coming back to network tele

david gura. oil surges, hitting a six-month high, this after goldman sachs has security issues have worked out the surplus. how is texas doing with the fluctuations in oil prices the governor of texas greg abbott joins us in the studio to talk about that and the state of the republican party. $17 billion holds in u.s. treasuries. providing some answers but raising more questions. stocks are at session highs. ramy inocencio has the latest. ramy: the dow, s&p, and the nasdaq at 1% higher or so. up nearly 20 points. the nasdaq up by 66 points. green, especially what happened on friday. we have basically erased our losses from friday. it is as if the past two days there really happened. about, itas talking is an energy-led rally. hownt to show you exactly green we are in terms of sectors. energy is up by nearly 1.6%. it has been the biggest leader by sector for the entire day. information technology not far behind. had been inerials the number two position, now in the number three position. take a look at where oil has been going to run the day. just at session highs by a little more than 3%. highis s

david: jobs friday. criticsts sai jobs rose. jonathan: a hike at next month's meeting. global equities retreat. >> wi-fi finds goldman sachsf its staff. ♪ david: welcome to "bloomberg ." here withwestin jonathan ferro and megan murphy. it is a treat to have you because all eyes are on washington. the big story is the jobs report out in 90 minutes. jonathan: it is the most important jobs day until the next one. guests a great list of including our kruger and bill gross coming up after the numbers break in 90in

still ahead, bloomberg's live all day at the goldman sachs first annual leveraged finance conference are don't miss interviews with david betty: it is 11:00 a.m. in new york and 11:00 p.m. in hong kong. i am betty liu. matt: i am matt miller live from p.m.. where it is 5:00 you are watching the european close on bloomberg market. let's take a look at where european equities are trading right now. we have losses across the board with the exception of the u.k. take a look and you will see the dax down on its first day of trading. it was closed yesterday for pentecost. about half aaining percent in london and that is enough to push up the stoxx 600 about 1/10 of 1%. take a look at the telecoms, there is a reason for the gains today. cdlfone is out saying the -- the ceo saying he has seen moreso

david gura. oil surges, hitting a six-month high, this after goldman sachs has security issues have worked out the with the fluctuations in oil prices the governor of texas greg abbott joins us in the studio to talk about that and the state of the republican party. $17 billion holds in u.s. treasuries. providing some answers but raising more questions. stocks are at session highs. ramy inocencio has the latest. ramy: the dow, s&p, and the nasdaq at 1% higher or so.

david: this is "bloomberg markets." dow down 200 points three s&p 500 up just barely about a point, 2091. to 4905. goldman sachs the way employees get performance feedback. they will start a pilot program where workers get reviews more quickly. this is obtained by bloomberg news. it scores employees on a nine point scale and they are more focused on strengths and weaknesses. microsoft and facebook are teaming up to build an underwater internet cable across the atlantic ocean 4100 miles will serve between america and southern europe. we operated by an affiliate of the spanish television station. airlines has airlines to nigeria next month. united is ending the flights because of weakness in the energy sector. the last flight will be on june 30. that is the business flash update. a matter -- major shakeup of the carlyle group. half-brother of the former french president. what do we know about the circumstances? i >> -- i cannot think of a guy more well-known in the banking world then bolivia are -- olvier sarkozy. they have not commented on it yet, but he did some of the biggest deals in the 2000. he did it sale

david? m&a to oil.rn from inventory will show another decline in the stockpiles. earlier this year, goldman sachsr the year -- for the year. thoughts what oil is still an attractive bet. i don't know if it is a bullish view on commodities or coil, specifically, as it is the alternatives out there not being appealing. so even if there's a potential for prices to move up to $60 a barrel, which is not a substantial increase historically, relative to other types of investments within the broader economy, oil still looks attractive. when you think about how you cut the capital off, and about the context of relative investments. that the forward curve needs to go down? not to divers, but that is an important point. in the last week we have seen 50 million barrels of selling on the back end. and that tells you that if the market tries to get up to the $55 range on the backend, producers come in and start selling. do wen we think about, need $60 a barrel to bring on isply for 2017, all you need a strip to get up there. they still end up producing and he end up with lower stock prices. so the key there is

david, for stopping by. >> yes. thanks for having me. a always good to see you. >> appreciate it. the ceo of investment banking at goldman sachscle, and then looking up at red across the booard. right now, the stocks are off of the lows, and the dow is down 193 point, and the s&p is down over 1%, and nasdaq is the worst of the bunch down 1.25, but rick san ttelli, what is on your min today? >> well with, you know, many market participants, sources, large traders tell me how the markets move is sometimes as important the fundamental as the drek shawn they are moving. if you want to see volatility, look at the fx markets. after the break, we will talk about the fx effects. of the bunch down 1.25, but rick after the break, we will talk >>> i like the idea of using artificial intelligence because we are so short on the real thing. >> and it is incredible. >> and active investing is to be certain to lead to certain results. >> and what are we like as a major shareholder, and that is the fair indication of ackerman. >> we are always looking, and acquire within every three or four weeks. >>> and now coming up, the markets selling off

david: all those stories in just a minute. green all over the screen. dow finishing up triple digits led higher by ibm, goldman sachs. a lot of different sectors involved. phil flynn, fox business contributor, watching action in oil and gold from the cme. and lori rothman on the floor of the new york stock exchange. lori, first to you, what is driving the rally today? reporter: couple different thoughts, david. first of all you have a triple-digit day on the dow, for the second consecutive day. that has not happened in six weeks. first back-to-back triple-digit gain on the dow in six weeks. is this good news, good news? the fed is about to raise interest rates to signal the u.s. economy is moving in the right direction or is this short-covering? jeffrey, ceo of double line capital, high-profile investor basically telling reuters he believes the two-day rally is nothing more than a short squeeze and u.s. stocks are dead money. a lot of chat about that comment on the floor today. we'll continue to watch these factors. meantime it really was a classic risk-on today if you look where gold is and oil is. oil pushing 50 bu

sachs or the americas. scarlet: thank you so much. minutes, we've20 got more from that conference and david solomon will say why he sees improvement ins of pandora are surging to their highest in almost two months and we will tell you what is sending them higher. impact ofthe economic the canadian wildfire and what it could mean for the oil patch. ♪ scarlet: this is bloomberg markets. home depot is the biggest drag in the dow industrials even after they posted earnings that beat analyst estimates and raised its full-year forecast. let's see what the numbers show. increased 6.5%s marking the 20th straight quarter of growth. it has not posted a negative comparable sales since early 2012. management said sale decelerated as the first quarter progressed which is giving investors some pause but it comes to annual ,ales, it's out pacingloew's both benefit from u.s. home prices. the cfo says they continue to see strengthen the housing market. lowe's will report earnings tomorrow. what more americans are fixing up their home, home depot prospers. there is a correlation with the remodeling index. work remodelers are getting. is good butove 50

sachs today and what happens with chinese commodity buying. aheadt: is it blue skies for easyjet? we will speak to the ceo of the carrier. ♪ davidrkets. ♪ david: stocks rising today, but are they entering a consolidation phase? our guest believes that will be elected -- a reluctance to buy. oil down to two-week low, and gold dropping to a one-year high -- from its one-year high. campaign officials visit cleveland. markets close in about two hours. stocks at session highs. julie hyman is standing by. julie: falling is languishing a little bit, but we see the recovery continue today. the dow, which was the burst performer yesterday, has been leading gain

sachs. lisa: deutsche bank had to come out this morning saying we are committed to our securities business. do you think they do have options to improve their revenue? david european banks are in top shape, quite frankly. -- tough shape, quite frankly. they have been slower to fix the balance sheets and adjust their strategies. some are a little further along than deutsche bank seems to be. they can fix their business. it will take a little while. is it not in the price at deutsche bank? david: there are better opportunities and other places where you will get rewarded. ubs is better positioned in the european marketplace. they have done a very good job of taking out costs. , at their earnings announcement, they talked about the same thing. they are on their way, but ubs is further along. jon: david joy, thank you very much. coming optimistic and with banks. deutsche bank agm underway. we go live to frankfurt, next. ♪ jon: this isjon: "bloomberg ." here's the picture on global wall street. dow futures, -28. switch up the board. what a move in the bond market. the federal reserve aftermath, u.s. yields creeping higher. stronger dollar story with the e