, that's after the announcement that david soloman would be the sole president in march.t is still unknown is who else will be promoted to take david soloman's place as president and ceo. my guess is that won't be happening tomorrow, david soloman will be given time as the full ceo to see who else will be promoted underneath him. >>> and testimofinancials by th are the best performers right now thanks in part to bank of america earnings we'll go back out to the helsinki summit, with the dow now up almost 20 points, stay with us. >>> we have the crosscuts, we have an earnings boom that's now under way, it looks like 20%, 21% earnings growth. we have liquidity tightening from the fed, which generally should be seen as stagflationary so there's all this these crosscurrents, and for the meantime, for the past six months, the market's been absolutely stuck in a range. >> lack of breadth in equity markets is accounting gore most of the gains that's came out of the conference call today. that's true, is it troubling, though >> ultimately, it will be troubling if it persists and

what can you tell us about his replacement, david soloman, someone already at the firm? >> yeah.ready been the chief operating officer and president until now, for the last few years. not a huge surprise. he's going to take over in october, in the new year, and also take over chairman role as well as ceo. he told my cnbc co-worker, he's a decent house deejay. of the "house rules" celt. >> began buy mixing in "the pink panther" theme. remember that? the bass line? ♪ >> yeah. very cool. >> always great to you have with us. >> oh. to only be at the club when that's going on. >>> coming up on "morning joe," the president, of course, in full damage control mode. president trump does a 180 on his widely criticized comment over russia's meddling in the election and growing bipartisan condemnation for not backing his intelligence committee. senator bob menendez joins the conversation to discuss the letter he and other democrats sent to the president demanding answers over the meeting with the president and vladimir putin. >>> "morning joe," just moments away. [music playing] across the c

. >>> welcome back goldman sachs making it official david soloman will succeed lloyd flank fine as chairmannd ceo october 1st is the day >> yes i think they're still reeling from losing gary cohn. >> you seem excited about it >> it's a personal observation the reaction in earnings was not what you would expect. equities trading is fine for everyone else, but not so good for goldman sachs. the new business, provisioning for loan losses there, 4%, 5%, i think goldman sachs is trying to recreate who they are once again. i think losing gary was a significant part of that >> intel under pressure today. downgraded at evercore it is coming off the lows. >> it is coming off the lows it was down 1.5% earlier, now down a half percent. neither move is large. the problem with intel, you had the move of the leaving, and it's reacting. >> it's not like it's been thrown out >> i will repeat myself, it's been in purgatory since a month ago. you're saying year to date i said a month ago >> i got you just putting perspective on it >> united health is lower. >> am i defensive? >> a little bit. >> yeah. >> are

bush, lloyd now david soloman overseen investment banker taking over october 1 now also, by the way,n miami i don't recollect bahamas. >> the numbers you can see stock down a quarter of a percent, they did beat on profit and revenue, revenue was listed by fixed income not able to make it trading revenue clients a little spooked by price motives strength investment banking a winner. johnson & johnson up right now after a beat strong dollar hurt defending in talc issues last but not least unit unitedhealth healthy, thank you. >> amazon prime day a glitch problems with the web site shoppers searching for about deals this hour then there is this an epic comeback highlights from the home run derby coming up ♪ let me show you how -- ♪ so, i have this recurring dream. i'm 85 years old in a job where i have to wear a giant hot dog suit. what? where's that coming from? i don't know. i started my 401k early, i diversified... i'm not a big spender. sounds like you're doing a lot. but i still feel like i'm not gonna have enough for retirement. like there's something else i should be doing. with