david solomon. we'll talk about the inversion policy, m&a and ipo. this conference in santa barbara where they paramerging entrepreneurs with seasoned entrepreneurs. they get a lot of good work done. we'll talk about that later this morning on "squawk on the street" and "squawk alley." >> interesting to hear from solomon. you wonder what that will mean with initial public offerings. it does have a chilling effect on m&a. it's not clear whether that's going to be the case or not. >> we'll have to see what david says, yes. >> what he said about the federal reserve, which is my view. i thought it was honorable and different. the idea that we always criticize these guys. who actually figured out who got it right, lloyd blankfein, but he was effusive in his praise. i liked it. that was a great interview, carl. >> he took a nice chance to needle the critic whose said the fed was feeding inflation. where are the people now. called them wise and courageous and said they almost paid an insurance premium over this time to make sure we don't fall into something

we are here at the builders and innovators summit with david solomon. david what a treat to have you. >> nice to be with you. >> we'll get to the markets in a minute but walk us through this summit, what it is and why goldman does it. >> we really believe that the work that entrepreneurs do is violate for the u.s. economy. violate for growth in the economy. and this gives us an opportunity to convene a broad group of really talented entrepreneurs, people innovating in businesses and in some places disrupting in businesses, bring us together, to collaborate and share experiences and really see what we can learn about them and what they can learn about the experiences other entrepreneurs have had or are having. and the combined rulgt of that is hopefully people can do a better job building businesses, hire more people. good for the united states, good for all of us. >> some of the big names, michael dell. kevin plank of the under armor. reed hastings. i don't know who gets more out. those guys talking to the younger ones or the guys hoping to be them in th

we'll talk to david solomon, the co-head of investment banking and george lee who heads up -- he's the of tech media and telecom and coming off of that netflix report and google's report tonight it will be interesting to she whhear what to say. >> of course, for lloyd, the pain is felt in hedge fund land right now but longer time if volatility remains elevated, that's good for trading. how does he balance that out in terms of the plus and minus to go goldman's results? >> absolutely the right point. that was a large source of the strength of the third four quas the fact that things are finally moving up and down. goldman has some activity to leverage. remember, it wasn't too long ago we were all talking about the inverse of that and goldman warning about this flattish action that was making being an investment bank very difficult. also on europe, we said, look, is europe going to go into deflation? he clearly says the u.s. is half a cycle ahead, and also pointed to some of the political challenges that europe has just getting everybody to agree on whatever they're going to do. he did h

tomorrow, we will talk to david solomon, the co-head of investment banking and george lee, the head ofere from goldman's builders and innovators in summit in santa barbara. see you later. >> carl, already generating a lot of interest, that interview. thank you very much. our carl quintanilla with lloyd blankfein out at the builders and inknow rate issers cop friends with more to come tomorrow. >>> up next, the panel's reaction to the interview with lloyd blankfein. stay tuned. we are back in two. she inspires you. no question about that. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure.

solomon. >> annabel okay public comment is closed item k any committee appointments seeing none, all oh, yes and commissioner. >> david hernandez to the bilingual community thank you thank you very much item l special order of business number and n discussions of educational issues straightjacket i believe we have a congratulation update. >> thank you president fewer yes. i'd like to ask interim executive director susan koffman to come down and do the presentation for us. >> good evening mr. superintendant and commissioners that is a congratulation plan year one and interference update i'm steven koffman the executive directors ignore the instruction. >> i'll julia chang with the office of career readiness. >> so the first slide is just to kind of lay the conceptual framework this will be a year-end status which refers to the 12 graders from last year's class so anyone that started last year in 2014-2015 a 12th grader not a k t cohort congratulation rates i want to make that definition it's based on a presentation with the graduation 12 grade students in the spring of 2014 this is an update about the interventions and