elon musk, responding to a tweet from a famous american entrepreneur, called those fools, well, david sachsussians in a successful counteroffensive. in fact, the lines hardly budged, at least russia gained territory, now okra of colombia claims that another 60 billion dollars will go towards doing this work, you fool, if you believe in this, well, what does elon musk say there are a lot of fools there. elon, well, you’re not a fool, but then why are you spending your money supporting. ukraine with communications equipment, then why are you sacrificing your reputation by supporting not just criminals, but also dangerous criminals for the united states, the scumbag who committed mass murder turned out to be a man who joyfully wrote about america on social networks that he trained fighters for the armed forces , as a professional shooting instructor and us citizen, i am proud to teach defenders. freedom all over the world, including from ukraine, we must fight tyranny all over the world , robert kaid, by the way, it’s not a fact that he has still been caught, the number of victims there is alr

in a group conversation on the social network x, although i'm increasingly reminded of ha, with david sachsd war iii, we're sliding into world war iii, taking one... stupid decision after another, in fact people should think deeply about that, if their predictions didn't come true, they should think maybe their other predictions might not come true too, i mean, what's the track record here, it's not okay, you know, it's funny in the investment world, in the world venture capital, in which, as you know, we work, so that the world is convincingly and quickly moving towards a world war, one of the scenarios is a war between the usa and iran, this is how tucker describes ... a possible scenario, together with douglas mcgregor, what was with the united states, if we followed senator graham's advice and just started bombing iran's critical infrastructure, what would happen then? all the bases that we have in iraq and unfortunately in syria, where there are still more than a thousand americans, would all become targets. and this time they would be hit exactly, and the destruction would be total. e

this is how the billionaire commented on the post of american businessman, david sachs, who recalledready spent more than $100 billion on failed counter-offensives in the ssu. sachs doubted that new financial injections could in any way change this situation. well, musk wrote this in his commentary: there are a lot of fools there, obviously referring to congress, from which biden asked for another 60 billion to help ukraine. russia, in response to the us deployment of nuclear weapons in europe, is forced to resort to compensatory measures. this statement was made by russian foreign minister sergei lavrov at the international conference on eurasian security. it is taking place at this moment in minsk. as the meeting showed, the countries of eurasia remain committed to dialogue between east and west, the head of the hungarian ministry of foreign affairs also confirmed, peter szijarta, well, the responsibility for the current collapse of the security system and economic ties lies with washington , the participants emphasize , the leadership of the north atlantic alliance led by washingt

american internet entrepreneur david sachs wrote: if 100 billion in aid from washington did not helpkrainians in the counteroffensive, you would have to be a fool to believe that another 60 billion would change the situation. there are a lot of fools - i noticed this billionaire elon musk. at the same time, the american media are trying to shame their ocean partners. bloomberg writes that the european union will not have time to provide millions to ukraine. shells by march, the plan is approximately 30% completed, and this gives the russians an advantage. in addition, the cost of ammunition is rising. the german concern rain metal has increased prices for 155 shells by one and a half times, under the guise of economic feasibility. the arms giant continues to work on creating a joint german-ukrainian venture for the repair and maintenance of tanks and other equipment. however, even in berlin, which is loyal to kiev, they ask whether the investments will pay off. it is still risky, as minister of economy habeck said, it is not obvious to invest in a country in which there is a war, so

the entrepreneur supported the opinion of businessman david sachs, who recalled that last year washingtonkiev more than $100 billion for a successful offensive in the armed forces of ukraine, but this did not help. the escalation of the situation in the middle east continues to result in mass demonstrations around the world. a large-scale protest in support of palestine broke out in tunisia. protesters demand to stop bombing in the gas sector, the posters feature portraits of western politicians whom activists call murderers. i have everything by this time, see you at 19:00. it is to this process that the peacock owes the beauty of the color of its tail. the depth of eye color in humans and any animal is also his merit, and to be more precise, the special cells that ensure this process, everything would be fine, if not for one thing, for the beauty of the color of their hair, the aristocratic... pallor of the skin or on the contrary, a golden tan, we say thank you. but the spots that appear after sunbathing, especially on the face, we try in every possible way to remove, i’m talking , of

this is how he commented on the post of entrepreneur david sachs, who wrote that last year washingtonthat this would ensure a counter-offensive in the ssu, but in reality this did not help the kiev regime. now in washington they say that another 60 billion will help turn the situation around. wrote: you are fools if you believe in this, and this is exactly what elon musk agreed with, who wrote: there are a lot of fools out there. musk, by the way, has a huge audience on this social network, 160 million subscribers. about twenty dead, more than a dozen injured in the us state of maine, the police and the fbi are looking for robert card, who shot at people in the city of lewiston. it is known that after military service he worked as a firearms instructor, while suffering from a mental disorder. before he disappeared, the kart managed to open fire in three crowded places at once, including a bar and a shopping center. the president of the united states, joe biden, after the incident called on lawmakers to tighten gun control. vladimir putin in korolev near moscow at the base of the energ

conversation on the social network x, although i’m getting more and more reminiscent of ha, with david sachsiding into world war iii world war, making one stupid decision after another. and in fact, people should think deeply about the fact that if their predictions do not come true, they should think that perhaps their other predictions may also not come true. i mean, what's the track record here. so, this is not good, you know, this is funny in the world of investment, in the world of venture capital , in which, as you know, we operate, so the world is moving convincingly and quickly towards a world war, one of the scenarios is a war between the us and iran , this is how he describes a possible scenario, tucker, along with douglas mcgregor, what would happen to the united states if we followed senator graham's advice and just started bombing the critical... iran, what would happen then? all the bases that we have in iraq and, unfortunately, in syria, where there are still more than a thousand americans, would all become targets, this time they would be hit accurately, and the destruction w

elon musk, responding to a tweet from a famous american entrepreneur, called those fools, well, david sachsl counter-offensive. in fact, laziness hardly budged. in any case, russia gained territory. now d.c. says another $60 billion will go toward doing the job. you are a fool if you believe this. to which elon musk says: there are a lot of fools there. elon, you're not a fool. and then why are you spending your money supporting ukraine with equipment? communications, then why should you sacrifice your reputation by supporting not just criminals, but also those who are dangerous? criminals for the united states, the scumbag who committed mass murder turned out to be a man who wrote about america on social networks that he trained fighters for the armed forces, as a professional shooting instructor for us citizens, i am proud to train defenders of freedom around the world, including and we must fight tyranny all over the world, robert kaid, by the way, it’s not a fact that he has still been caught, the number of victims there is already large and the situation is so difficult, so why support

this is how he commented on the post of entrepreneur david sachs, who wrote that last year washingtont this would ensure a counter-offensive in the ssu, but in reality, this did not help the kiev regime, now in washington they claim that another 60 billions will help turn the tide, sachs wrote: “you are fools if you believe in this, and just with elon musk agreed with this and wrote: “there are a lot of fools out there.” musk, by the way, has a huge audience on this social network, 160 million subscribers. about twenty dead, more than a dozen wounded in the american state of maine, police and the fbi are looking for robert card, who shot at people in the city of lewiston. it is known that after military service he worked. instructor, specifically in firearms, while suffering from a mental disorder, before hiding, the kart managed to open fire in three crowded places at once, including a bar and a shopping center, united states president joe biden called on lawmakers to tighten gun control after the incident. you are watching the time, now there is an advertisement, immediately after,

david: you step down and say i am going to make money at goldman sachs? mark: i did not step down. was approached by the u.k. government to become governor of the bank of england. david: is that illegal poaching? they are going to take another central banker from another country, did you think that was unusual? mark: it was unusual. it was an unusual time. technically the head of state queen elizabeth is the same. it is intercompany transfer. [laughter] david: when you are head of the central bank of canada, do you get your signature on the currency? mark: yes. david: that is pretty nice. you had somebody dollar bill you say to somebody, that is my signature? do you ever tell them that? mark no. david: ok. you get offered to be the head of the central bank of england. we said yes right away? mark: i did not. i turned it down a few times. it was a rolling conversation over the course of 2012. i then took the job. david: did it for about eight years? mark: just under. david: when you are head of the central bank of england, does the queen call you for advice or ask you anything or mee

corresponding with someone there, and a friend writes it, says 150 billion sachs - this is an economist, david sachsitry anatolchevo called him jackson, in my opinion, well, it doesn’t matter, but he’s such a buffoon. it means that he says that we have a statement from this person, if so, let’s listen, we cannot allow vladimir putin to win in ukraine, because that i don't believe this is the end of it, and it will probably push china to make a move on taiwan. congress has a responsibility to manage the finances of the american people, and we must make sure the white house spends those dollars responsibly. control all this money, because it is the money of the american people, we need it smaller and more efficient, but on the other hand, we cannot allow putin to win, you know, so if tomorrow they still need to allocate this money, they will like- that they will push through a stuffed carcass, and this funding will again, that’s all, this will continue indefinitely , as i said, the problem is not whether they will allocate it or not, i say again, i don’t believe that the republicans are now moving tow

another few tens of billions of dollars can solve the problem to their advantage , entrepreneur david sachsike who cares what they think is very... rich, but only a businessman, but everything is not so simple - notes the new yorker publication reminds of the influence of satellite internet systems mask for the entire course of hostilities in ukraine. musk's influence is brazen and wide-ranging, with few precedents for a civilian becoming a military arbiter over even the smallest matters, or creating the degree of dependence that has plagued the united states, from the future of energy and transportation to space exploration. the government is now forced to rely on him. current former officials from nasa, the department of defense, transportation, and the civil aviation authority say musk's influence has become so significant that they treats him as an unelected official. last year, musk was asked if he had become more influential than the american government, and he answered : in a sense: especially in terms of influencing public sentiment, having one of the most popular social networks in

it five years from now, and it is successful, you will say this was the change that goldman sachs needed. davide is not there yet but he could get there. guy: is it possible to change goldman sachs' dna? it was a great piece. i read it this morning. bank earnings this week. let's talk about the markets as we see them today. stoxx 600 higher today. retail is up. what you have also gone is a bond market selloff. look at what is happening with the u.k. 30. up by about 10 basis points. keep an eye on the bigger move in the bond market once again. take a look at what is happening in poland. donald tuusk is a long-term european politician who has gone back to poland, won as a part of a coalition. basically pushing out the law and justice party which has caused so many problems with brussels. the market is pricing in a significant amount into polish assets today. nice footwork. man, you're lucky, watching live sports never used to be this easy. now you can stream all your games like it's nothing. yes! [ cheers ] yeah! woho! running up and down that field looks tough. it's a pitch. get way more into wh

appreciate seeing you, what does david solomon think of all that? the goldman sachse. (♪) (♪) (♪) (♪) this isn't just freight. these aren't just shipments. they're promises. big promises. small promises. cuddly shaped promises. each with a time and a place they've been promised to be. and the people of old dominion never turn away a promise. or over promise. or make an empty promise. we keep them. a promise is everything to old dominion, because it means everything to you. about two years ago, i realized that jade was overweight. i wish i would have introduced the fresh food a lot sooner. after farmer's dog, she's a much healthier weight. she's a lot more active. and she's able to join us on our adventures. get started at betterforthem.com i'm andrea, founder of a boutique handbag brand - andi - and this is why i switched to shopify. it's the challenges that we don't expect, like a site going down or the checkout wouldn't work. what's nice about shopify is when i'm with my family, when i'm taking time off, knowing that i have a site up and running and our business is

i had a chance to catch up with goldman sachs ceo, david solomon who said this is the big unknown. no question that what is going on in the middle east is incredibly unsettling. it start by saying the attacks on israel are terrorism. they violate our most basic human principles. and they're very unsettling for lots of people. you know, at the moment, you know, i think we have a clear view of what it is. but there's a risk that it can escalate. i don't think that's likely, but the escalation could have an economic impact. could have an impact around activity of that part of the world. it's something that we're all watching closely. >> neil: are you watching closely how your colleagues are reacting to these college protests that favor the palestinians, condemning israel? some have said those that are big benefactors to schools like harvard and others, we won't give another cent. what do you think? >> well, what i would say -- i repeat what i just said to you. these attacks by hamas on israel are terrorism. they violate our most basic human principles. whenever there's hate of any kin

new military aid to kiev fools, as the billionaire commented on the post of american businessman david sachsforced to resort to compensatory measures. this statement was made by the head of the russian foreign ministry. is taking place at these moments in minsk, as the conference on eurasian security showed, it is a meeting, the countries of eurasia retain their commitment to dialogue between east and west, this was confirmed by the head of the hungarian ministry of foreign affairs, peter szijjarta, but responsibility for the current collapse of the security system and economic ties lies with washington, members of the leadership of the north atlantic alliance state led by washington emphasize that they have provoked a serious security crisis in the european part of our continent , and they have been doing this for many years, this includes the bombing of yugoslavia, the forced separation of kosovo from serbia, many years of pumping the criminal kiev regime with billions of dollars in weapons for the war against russia, all this is a link in one chain. russian week has started in germany, al

you have been -- you have goldman sachs still struggling. david solomon pleading for patience with the investor base as they focus on their pivot but bank of america, looking at the healthy 2.5% move higher after the companies quarterly results and some of the trading revenue strength as well as net interest income during the quarter. >> net interest income, a huge driver today. many of the major u.s. banks reporting earnings. the ceo told us he is confident in the sector. >> the results we are seeing in these big banks are though double-digit's, handling the environment very well. there is a slowdown underway, no question about that. but my view is if you do not get the worst-case scenario in terms of what plays out, these stocks have 40% upside in them at some point. >> talking to bloomberg surveillance earlier. catherine doherty and allison williams here to cover the banking sector for us. let me start with you. from the 35,000 foot view, what two earnings look like to you considering what we got today? >> they look good but the looking good is

with the middle east, and hamas terrorists attacked israel, on cavuto coast-to-coast, goldman sachs ceo david solomon said he is watching more develop and closely. >> it's a risk that the economy is more fragile, watching that closely. uncertainty can contribute to a sense of confidence, the us economy is resilient. given everything going on in the world. liz: going on right now, let's go live, on the israel/lebanon northern border. what are you hearing and seeing? >> drones overhead and in this causation, we heard tank fire, artillery fire, small arms fire, as it clashes with the iranian backed hezbollah militants but all eyes at this moment are now on the gaza strip from great reporting on the ground, my colleagues including trey yingst talking heavy artillery fire, fire from naval ships off the coast into the gaza strip, the israeli defense officials saying clearly there ground operations are expanding tonight whether this is the ground invasion we've been talking about, against the hamas militants inside gaza strip, from all reports on the ground this is the most excessive amount of force

. >>> and goldman sachs ceo david solomon is hitting the pause button on the side hustle . he said the media is the distraction. i'm available if you need a dee jay. >>> moving on. we have retail sales on tap and homeowner sentiment and the busy day with results from bank of america and goldman sachs and johnson & johnson and united airlines. we have a number of fed of officials speaking today including john williams and michelle bowman and tom barkin and neel kashkari speaking today. earnings and ecom and fed speakers are a mix for investors today as we gear up for the trading day. futures are off the lows of early today. the dow would open up about 60 points lower. for more on this, let's bring in tom lee at fund strat global advisers. >> good morning, frank. >> are those all potential market movers? >> absolutely. markets are dealing with uncertainty right now because we're in the middle of earnings which is better than expected. we have a geopolitical situation which is uncertain and interest rates have been creeping up again. i think markets remain on edge and i think

you mentioned goldman sachs tomorrow. david solomon will be in the spotlight again.in riding the ship and focusing on the core franchise, a great global bank but they're taking significant writeoff as relates to consumer and the sale of the great sky business. maria: a lot of different stories going on depending on which bank you're looking at. citi's in a whole different situation as it's cutting back across the board. liz peek, jump in here. >> good morning. it seems like investors really want to see the prospect of interest rates coming down. when is that going to happen? what do you think will be the trigger for the fed lowering rates or is the fed finally going to say you know what, 2% is unrealistic, we'll s settle r 3? >> it's hard to say but we go back to 1946 and we look at, as the market reacts to a rate a rise and then a shift to a rate cut, which we think -- i think the consensus of economists, it's the second half of next year. typically, the equity markets and specifically the financial sector tends to do very well nine months before we see that rate cu

we will be talking with my special guest, goldman sachs ceo david solomon, special guest coming up on friday. doesn't talk often, he will be talking then. ♪ ♪ >> jesse: hello, everybody. i'm jesse watters along with judge jeanine pirro, piers morgan, dana perino, and greg gutfeld. 5:00 in new york city and this is "the five." ♪ ♪ president biden completely bombing in his first news conference since hamas carried out their barbaric terror attacks against israel. the president sounding out of breath and could barely muster up the energy to give israel a passionate defense. the big news right now is that israel has reportedly agreed to delay their invasion of gaza so that the u.s. can rush michelle defenses to the region to protect u.s. troops there. but biden says it wasn't me. >> have you sought assurances from him but he will hold off on the ground invasion into gaza until the safe release of the hostages can be assured? >> no. what i have indicated to him is that if that's possible to get these folks out safely, that's what he should do. it's their decision. but i did not demand it.

another few tens of billions of dollars can solve the problem to their advantage, entrepreneur david sachsnetwork that only a fool could believe this, there are a lot of fools there, elon musk retorted in response, meaning washington, it seems like who cares what they think there... even though he is very rich, he is only a businessman, but everything is not so simple - the new yorker notes that it reminds us of the influence musk’s satellite internet systems had on the entire course of hostilities in ukraine. musk's influence is brash and vast, with very few precedents for a civilian becoming a military arbiter even in small things, or creating the degree of dependence that the united states has fallen into, ranging from the future of energy and transportation to space defense, transportation, the civil aviation administration says that the influence the mask has become so significant that they now treat him as an unelected official. last year, musk was asked if he had become more influential than the american government, and he answered, in a sense, especially in terms of influencing pub

we will be talking with my special guest, goldman sachs ceo david solomon, special guest coming up onbody. i'm jesse watteron

. >> in the meantime here david solomon my special guest tomorrow, goldman sachs, the financial impact stocks were clobbered again. ♪ >> dana: hello everyone i'm dana pering

. >> in the meantime here david solomon my special guest tomorrow, goldman sachs, the financial impact of all this on the day stocks were clobbered again. ♪ >> dana: hello everyone i'm dana perino along with judge jeanine pirro, piers morgan, jesse watters and brian kilmeade. it's 5:00 in new york city and this is "the five". ♪ fox news alert the massive man shunned underway in maine authorities still desperately searching for robert card, the suspect believed to have shot and killed 18 people in maine and injuring 13 others. dozens of fbi agents aiding local and state officials in their ongoing search and residents continue to shelter in place in multiple counties. nate live on the scene in lewiston maine. nate what is the latest on the search for card. >> 22 hours into this manhunt authorities are still spread out across multiple counties trying to find the man who they say is responsible for the worst mass shooting in maine's history. right now, there is a scattered presence but one specific place that we're watching is where card lives, in boden maine. take a live look at this. thi

sachs. united airlines after the bell. setting up a big week. jon: davidael, let's start with the financials, bank of america behind this and jp morgan. we will hear from goldman later, what gets these banks from the penalty box? >> with mortgages, people need to look somewhat different. the interview you did with tom m ichaud was excellent. it is attractive from a valuation basis and a little bit of good news and that will get things going in the right direction. tom: what do you do with cash? don't give me dollar cost averaging. everyone is too nervous right now but if i am in cash how do i deploy or do i sit take -- tight? michael: when you look at the two-year yields, they are attractive in the 5% range but even this 10 year treasury selloff continues and i expect it will go further, they are getting attractive and that is the problem for the equity market, if you have 10 year yielding 5%, that is off the s&p 500 earnings yield which should have a risk premium tied to it so that is the dance going in the market and that will continue to year end and i

sachs and jp morgan for the third quarter. with that said, james gorman and his rival david solomon have seen signs of dealmaking could come backare green shoots for dealmaking in the future and these investment banks will be poised to capitalize on it should the market started to stabilize. haidi: be sure to turn to bloomberg radio for more and in-depth analysis from our team from our studio in hong kong. you can listen by the app radio plus on bloomberg.com. plenty more ahead. this is bloomberg. ♪ the first time you made a sale online with godaddy e you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com (adventurous music) ♪ ♪ ♪ be ready for any market with a liquid etf. get in and out with dia. >> i will be looking carefully at the data to see whether the real side of the economy begins to cool off or whether the prices, the nominal side of the economy, our heating up. as of today it is too soon to tell and consequently we can wait, watch, and see how the economy evol

doesn't know george floyd but you would think david solomon if he is grieving than should be grieving for the people of israel. is the ceo of goldman sachsbrian moynahan, the stuff he said in 2020, how horrible this country is, not a word on this. wise that? neil: not by accident. charles: jamie diamond --dimon said something in the context, the employees are safe. i can only think this is related to the awakening of corporate america. the only explanation. i'm writing a book about this called go woke go broke, hopefully come out early next year. only thing i can say is these folks are so scared of violating something that might get aoc to hold hearings on demand radical leftists in congress supporting this mutilation. some of that. i don't know. it is striking they are not saying anything. hard to get my hands around this. according to the left, something that is a totalitarian government. neil: they are the ones getting lectured about your response, this happens after every calamity. charles: they may be worried, people who have gone down on politics and got slapped down. neil: they don't comment on anything. charles: they comment on a

sachs' and jp morgan's further third-quarter. morgan stanley ceo james gorman and his rival, david solomon, have the signs that dealmaking could come there are green sheets for dealmaking in the future and these investment banks will be poised to capitalize should the market start to stabilize. i am sonali basak for bloomberg news in new york. kriti: coming up on the program, jim jordan lost ground in his effort to become house speaker. we will bring you the details, next, and all the latest in u.s. politics. stick with us. this is bloomberg. ♪ ♪ kriti: let's get to some top stories from around the world. the founder of country garden has met with the head of china national agricultural development group. the developers said it is looking to deepen cooperations with the state owned firm. on wednesday, country garden signaled it is sent to default on a dollar bond after warning it would not be able to meet all of its offshore payments on time. over in the u.s., several republicans are preparing to enter the race for u.s. house speaker, as trump loyalist jim jordan's bid unravels. jordan, who was endorsed by former president donald t

sachs where the story remains some part -- subpart probability. it is less than half of the target. the chief executive officer davidomon continues to plead patients on the pivot and the consuming lender back and unwinding its bets and turning into this reliable machine that can make profits in good times and bad. on the other hand, you have bank of america, one of the worst performing big bank u.s. stocks this year, down 20% and down even more the previous year. this time around, after earnings, the stock had a bounce because net interest income came in ahead of excitations. they had a blowup trading quarter driven by the massive beat on the equities trading desk which was a record third-quarter for that group. however, the big thing hanging lower is the held to maturity portfolio and the drag on earnings potential with so much of that book still stuck in low yielding paper in the 5% world. ♪ hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again

sachs. who wants pacwest? no, tried and true, stay away. we like morgan stanley, wells fargo, and i mentioned golden slacks earlier. right thing to say. davidanks for taking the call. established position in defense and security. >> you got horse sense. the defense stocks have come down too much. i'm going to tell you, i also like lockheed martin and general dynamics. people should be looking at this group. brent in my favorite state of oregon. brent. >> caller: hey, how is it going? think you for sharing your knowledge. >> thanks for being from oregon, i read about a town with a dog as mayor in oregon. goes to all the events and wears a tie, my kind of town. >> caller: i was in a little town until they ran me out for lack off. enbridge. >> tstock is going lower becaus nobody understands the 8% yield. that, ladies and gentlemen, is the conclusion of the lightning round. [ buzzer ] >> announcer: the lightning round is sponsored by charles schwab. coming up, when the fed finishes tightening, where can the home gamer look to for answers? get it from d.c.'s corridors when "mad money" returns. ♪ is it possible to fall in love with your home... .

>> but when he goes in front of wall street -- let's use goldman sachs because they're always on the red-hot griddle. you spoke to davidolomon. we looked at the situation and we're a pitiful helpless giant against google. i would like to have, david, a presentation that's made by mr. nadella to wall street versus the presentation he made to the justice department. i think he's got a real good case that bing is good. i would hate to think he'd go in front of wall street and say we're getting panted. would he use that? >> no, i don't think he would. i think he'd make a strong case. a lot of focus on copilot. >> remember the previous people didn't keep up. he's done a remarkable job. i think it's just a matter of time before he is really -- that you would think of him as equal. i know he has to -- he's an honest man. >> my god, how he's been positioned the company. tony the tiger is here which is apparently very exciting for jim. >> am i going to listen to you basketball on about google when i've got tony the tiger here? >> i guess you're not. >> satya, he did what you want -- by the way, he's not a liar at all. what he's

goldman sachs will bring the issue of as i mentioned before do we see green shoots for investment banking? david the spotlight with the core franchises, world-class cleansing themselves with a multibillion write-down and the sale of green sky and consumer strategy. goldman which we have a hold on, jp morgan is a buy, the others are halts. goldman will be interesting because the u.s. financial media loves to play up the david solomon story. >> mm. and very quickly we've got about a minute left. wondering how you feel about the consumer at the moment? >> the consumer looks fine. we very closely look at all the banks and all the metrics that would say in terms of whether we are getting any concerns about acceleration of credit deterioration. i would say our conclusion is we're just still reverting to the historic average fee for the pandemic so not too concerned. however when you look at the large banks, they tend to lend to the best credit quality households, higher fica scores. when you begin to move down to the smaller banks or to the shadow banks, the consumer finance companies, it is a whole d

david, of anything particularly worrisome or at least more worrisome than we saw in 2019. it feels like they're more normalizing these trends. i'll definitely ask him about it. >> and then, mike, we've got goldman sachso take a look at. listen, i'm not piling on here at all. you can see the stock is barely, barely down at this point. we'll see how it performs. it hasn't had a great -- the annual yulized return on equity, it's not that long ago that it was a lot higher than the 7.1% for the third quarter, not to mention year-to-date about 7.6%. >> no doubt about it. it's a different business. they did just a pile of extraordinary items. a lot of the write-downs, flowing through to the income statement from prior investments. exiting a lot of consumer lending businesses. anything that would have added like three percentage points or something. so now up around 10shgs still not that impressive necessarily relative o to where goldman used to trade even next to something like jpmorgan or bofa. it's a work of progress in getting investment banking humming again. when there's not a lot of deals, that's a high overhead business that doesn't pay much. the other question is what does the stock already incorpor