david solomon.pelling things to say about hiring veterans and i was able to emcee a fascinating session with some young people at the firm pitching ideas to make the world a better place take a look. >> david, everybody wants your view on what's going on in the world. i want to do two things before we get to that one, i just saw young people do amazing things for causes who work at goldman. i worked at goldman. we did not do that back then and second, i want to congratulate you for hiring as many veterans as you did it's always been important it's where i met my first vet other than my dad. these are great things the culture is quite different from what i worked here. >> well, we're, first of all, super proud of what you just saw. our analyst impact fund where we have thousands of analysts from around the world competing to champion causes they believe in and then the partners philanthropically support those causes and give out awards, you know, based on presentations they make. and as you just saw,

we will be talking to the likes of goldman sachs, david solomon. we will, talk about navigating this whole volatile volatility we are seeing in the markets and the uncertainty we are seeing. david: the goldman boss, i don't have my list, morgan stanley's also here, james gorman. yvonne: president bank of china. david: if you are part of the finance community. rish, i am sure you are. rishaad: well, i mean, let's not lose sight. they are saying china's future is intertwined with hong kong's. there's so many headwinds. people are concerned of this dual circulation and this move inward, not least of course the rhetoric of taiwan getting more aggressive. geopolitical tensions over taiwan intensify in. we've got the chip side of things and in the u.s. which is shutting out the chinese from what is a vital industry. some are calling this the start of a superpower declaring war on a great power. this is something people are concerned about. they want to track money back into hong kong, where we have been seeing it flow out. how do you make it attractive by

speaking to jim cramer last night, goldman sachs ceo david solomon sawing the fed's strategy is vindicatedprint certainly is a positive sign and journey that the tightening is starting to have an impact i think one of the things that will be important to hear and start to get a sense of where are the declines >> for more, let's bring in aditya bhave aditya, good morning >> i'm great how are you? >> great these massive moves across the major averages and now the question is can it extend beyond one day and the idea the fed will slowdown the rate hikes do you think that's warranted? >> yes we see this cpi print as a step in the right direction it is a meaningful step with the details consistent with the story we've been telling core goods prices should continue to moderate and then fall because they were dislocated from pre-pandemic trends for the fed, this means they can slow down to a 50 basis point hike in december that was our forecast anyway now that is our forecast after yesterday's print. >> what is your response to some saying inflation will go back up next month because not only did

probability of a severe recession john, kind of keeping in the same line of what bezos and even say david solomonave suggested. >> perhaps there's no suggest, carl, elon musk does not feel qualified to lay on >> that's right and we'll talk about it after that. obviously big night tonight. let's get to the half. >>> carl, thank you very much. and welcome, everybody, to the half time report remarks likely to move markets today. we'll discuss and debate how to respond no matter what jay powell says. joining me for the hour today, everybody's here at the desk and good to see all of you let's check the markets. we've been really in a wait an

probability of a severe recession john, kind of keeping in the same line of what bezos and even say david solomon might have suggested. >> perhaps there's no suggest, carl, elon musk does not feel qualified to lay on >> that's right and we'll talk about it after that. obviously big night tonight. let's get to the half. >>> carl, thank you very much. and welcome, everybody, to the half time report remarks likely to move markets today. we'll discuss and debate how to respond no matter what jay powell says. joining me for the hour today, everybody's here at the desk and good to see all of you let's check the markets. we've been really in a wait and see and jolts were less than expected chicago pmi was just flat ugly, pending home sales down again. you told me yesterday you expect a, what, calming or comforting fed chair today? >> well, you asked me the question yesterday on overtime how does the market rally. and i said the way for the market to rally is that chairman powell has to comfort a market that this week is upset. it's upset about the development. one week ago we were talking about breaking

congresswoman we hear from bank ceos like jamie dimon and goldman sachs ceos david solomon that they do think their headwinds are coming for this country in the american people. >> absolutely were seeing the on the ground in iowa inflation is soaring in rural america will we look at our farmers and what they're experiencing with input cost and what i families in pain at the grocery store they are all feeling that pain i think it's very evident, i think the biden administration is very lucky the cpi report is not coming out talk to the election but we all know, we all feeling we know what that means for our economy. were starting to see her businesses, see the contraction, here in iowa and around the country. they can say what they want but we are in a recession, we had two quarters and contracting growth already. we see that this year. i think republicans are going to be obviously winning the house back on tuesday firing nancy pelosi and hopefully writing the ship and stopping the excessive government spending and holding this administration accountable for the two years of failure.

. >> he did say over time, i'm going to buy goldman-sachs, i'm going to see david solomon tomorrow i ink that david's job is more secure and the acquisition of goldman-sachs has been postponed. >> i think you have a good chance of that being correct -- a correct prediction >> did your eyes light up when i suggested that >> i love you in those i really do. >> chapek's eyes -- where'd you get that >> cut, clarity, and something else, right? >> carat >> that whole moment where he sounded a lot like warren buffett, i think we have to replay that over and over. >> this is -- you know, we have fun with it, but this is important. >> we're not having fun. people are losing billions >> trillions have been lost. >> $3 trillion this week last year. >> now it's under a trillion dollars. >> so, $2 trillion >> it's not going to hold there. all the king's horses and king's men cannot keep this -- >> carl, we have so many more questions than answers at this point still. >> you're skipping right over me >> i am. i'm skipping over you. >> i've already made my judgment goldman-sachs is safe. >> you saw

a lot of the financial services executives were in hong kong for a conference during the week david solomonjames gorman, this financial summit in hong kong, they're all coming back. >> schulz said, look, we're going to get the biontech vaccine for expats, we're going to talk about getting a broader path for the broader population. xi saying china will continue to open up and pursue win-win cooperation with other countries. >> win-win-wynn. the casino is also up. >> it's not w-y-n-n. >> it's not steve wynn >> little casino joke. >> i got that. >> that would be big as david said, reports they may say shorten the time you need to quarantine if you're a foreign traveler ten days, may be seven or eight. >> well, most of the people i deal with are saying it's not until march. i think they're being too conservative as you look at the fact that, look, when the chancellor of germany comes to say, listen, maybe it's time that you start using biontech, and they say, okay, we'll do it for foreigners well, if it works, why not do it for locals at the same time -- >> there's some resistance in china, app

thought on the present state of goldman sachs and market challenges and cultural challenge that david solomonm mr. solomon and goldman sachs? william: constantly evolving. you know this as well as anyone, goldman is extremely normal and david is a clever, smart guy. has he made missteps? of course. he tried to get the bank into more retail banking with markets and making loans and cash management made it a top or -- it a tougher business. trading helps goldman and goldman is a perfectly designed creature to take advantage of opportunities in the financial markets. they have been doing that for 160 plus years and will continue to do it. they are one of the oldest surviving financial institutions we have in this country. they know how to survive. tom: william cohen with his book. thank you so much. 700 plus pages. i won't mince words, it reads wonderfully supple and fluid from all of the different people, including bob nardelli and on and on to the collapse of this american icon. power failure, the rise and fall of an american icon, i really can't say enough about it. futures negative 12. you c

david solomon, spending a lot of time over there today. think that we can really get some good insight. then, a salute to veterans, the man, clouse, who runs campbell's, he's having an amazing quarter and then the navy, we have the secretary of the navy, and i want to know about, navy i want to know, how safe are we in the straits taiwan i want to know if the 7th fleet can protect that country i think that man can tell us i'm very excited about this show today. i'm still shattered by -- >> there's that, there's the fed, there's inflation we didn't mention ukraine, by the way, but the dwindling options for putin, who is now not going to go to g20 we talked about kherson yesterday. >> they have a caisson moment going on over there with -- caisson -- >> right but there's an expectation things will slow in terms of the ukrainian army to continue its advances because of the rain in the late fall and then, obviously, the onset of winter >> but what i think really does -- this is a moment where i think that jake sullivan is trying to figure out,

i don't mean to -- i love david solomon. >> i saw journey get inducted into the hall of fame but it wasn'terry it wasn't steve perry. >> they're not getting back together >> jamie dimon's still worried about the storm. he's got his al roker hat on he's getting blown around. you don't want to be back in the same studio, i'm out here. >> what letter are we up to? hurricane jamie? >> global tightening, quantitative tightening, the effect of the war, oil prices, food prices, supply chain. he's worried still, and he's saying we're not done dealing with this. >> listen good, jamie. if you feel that way, let's get someone else at the bank, maybe someone a little bit more positive >> really? that's your answer >> well, i just think that that's that kind of negative stuff that doesn't fly with me that's like the whole country's like that. we need, like, brian moynihan, comes on, seems pretty good. i think jamie is too negative. >> you think with inflation, with the print we got this week, we're going to talk about the china reopening, ukraine is moving back into kherson you think a lot of his compl

solomon, matt egan, thank you both. >>> a new poll shows the economy and inflation remain top of mind for voters. and even before today's rate hike, recession fears were growing. cnn's political director davidhalian joins me now. how will it -- >> not only the, far and away the number one issue. say it's the economy and inflation. the only other issue that cracks double digits is abores. that's way down at 15%, so this is an economy election. what i find so interesting is, when you look at it by party, you see a different issue matrix, depending if you're a likely democratic voter or republican. among democrats, abortion actually edges that out, voting rights, gun policy in double digits. republican likely voters, there's nothing going on for them but the economy. seven out of ten of them say it's the important issue. >> putting party aside, this post also shows that 75% of americans think the economy is in recession, but it is not. that's aed about headline for this administration and democrats. on that note, where does president biden's job approval stand? >> well, president biden's numbers are upsidedown, which is no help to his party six days out. in this poll we have him in the low 40s

david: that was south korea's that deputy manager -- minister for economic affairs. just to get you an update of the developing story. about 20 minutes back a fairly strong earthquake, hit near the solomonds. the latest one is out of the usgs. it's unclear if this is the same quake or series of strong quakes, 7.0. according to the officials, there is no tsunami threat for hawaii, after a fairly large quake although some waves where possible along the coast of the solomon islands according to this -- the pacific tsunami warning center. very strong earthquakes in that part of the world. rishaad: ok, going to keep you up to speed. let's get to the first word news with china's daily covid infections. climbing 10 year the highest on record with more than 27,000 new cases reported, after officials face confusion of whether to use snap lock downs as beijing tries to soften the economic impact of covid zero. they plan to boost hospital capacity and expect a higher case number. sources say the u.s. has been working on a sweeping examination of crypto platforms and has started looking into ftx's operations months before its collapse. the focus of the investigation by new york are secure is was in