, since david solomon took over.nk double that. i could be wrong, got to check that. he has done better than jpmorgan during that time, okay? and some of the things he is doing is working. listen you could say, he fired people because had restructure and got rid of marcus but he had to do that and yes, people are returning back in the office. i heard goldman sachs was buzzing this week with people that were there. it was like the old goldman sachs where people were in the office, where it felt like a firm again, not like half and half, people with their heads down. so something is happening there internally. he is trying to make this work. it looks like the office thing is working although it could be a little bit of a, people being scared they might get fired but clearly he is fighting for his job. some of it's working but he clearly needs to do more and one of the things i will tell you, liz, he needs to make up with blankfein. having the ex-ceo sort of sniping at you is not a good thing because that ex-ceo knows t

the stock prices outperformed under david solomon versus the other banks. think they are poised to do better. they might need some help from the capital markets. matt: thank you so much for coming in and we appreciate your time to day. the earth shot event is underway at the plaza hotel near our world headquarters. it's about the climate crisis and emily chang is there speaking with bill gates about the race against time to watch more on live go on the terminal, this is bloomberg. ♪ >> we want to take our technology to the next level but what's really interesting with both entities is they have an extensive portfolio but also - [mo] if you're thinking about going back to school, this is for you. ♪ - i ended up spending less money my entire time at snhu than i did in just one year at my other university. - [juan] my time at snhu has given me more confidence. now i can go for that promotion. - if you're ready to go back to school... you can do it. southern new hampshire university has changed my life. and it can change yours too. ♪ - [announcer] visit snhu.ed

who could forget headline, is david solomon too big a jerk to run goldman sachs? as i say, look at the numbers. the second quarter return on equity was the worst among the banks and profit slump worst on wall street. you had by partners leaving the firm this summer. he says that is a typical, absolutely typical. he is reflected on the criticism and try to understand ways to improve, but his focus remains on the firm's performance. he says maybe people are angry about their comp and maybe it is about strategic decisions over the past year. i guess the real conclusion, the question you have to ask is whether we expect more from the titans of wall street in 2023 in terms of their leadership style. jennifer: it feels like an identity crisis. lizzy burden, thank you for your time. these are the events we have today which we are watching out for and especially heading into the be compared and 9:30 am u.k. time, update on the un's food price index and also on the agenda today, canadian unlimited rate at 1:30 p.m. u.k. time. closely watched by the central bank and on satu

that's life well planned. ♪ ♪ liz: former goldman sachs ceo lloyd blankfein and current ceo david solomonn's management style and goldman's falling stock price. blankfein himself is speaking out. charlie, what is the skype? >> this story -- the scoop? >> blankfein has exclusively told the us here that he is burying the hatchet, he and solomon are burying the hatchet with their past contra temps that they have been peeking regularly lately -- speaking regularly lately and even have a dinner planned for this weekend. as you know, comes amid speculation that lloyd blankfein, the previous ceo who appointed david solomon, the current ceo of goldman, were having a riff. and i can tell you there was a rift. i know that for a fact, i know that from sources very chose to the company. it was on a number of levels. number one, i think, i think lloyd was really felt hurt and nub by david, that david solomon didn't involve him in major conversations involving some of the big issues that he's doing now like getting rid of the consumer banking unit that lloyd are actually started. so i think he felt a l

high profile ipos setting the stage for the bounce in the markets according to goldman sachs' david solomon. he sat down with david faber yesterday. he is watching a.r.m. and instacart. >> i do feel better about the capital markets. if you ask me to look ahead over the course of the next few months, especially if a.r.m. and other ipos go well, you will see a meaningful increase in activity. david, it is anemic amount of activity. if you go back to the second quarter, investment banking activity was at a ten-year low. it is not hard to improve off that. i think we could very quickly get back to what i call a normalized levelmarkets. >> for more on this, let's bring in gina sanchez. gina, good morning. >> good morning, frank. >> do you agree with david solomon saying we are on the brink of normalized activity and the ipos could give more juice to the markets? >> i think i agree with him that the market has swallowed the rate hikes that we had so far which is a blistering pace by historical standards. we have figured out how to operate in the new environment. the markets are still figuring out

. >>> goldman sachs' david solomon defends his time at the bank telling cnbc in the interview he doesn'tecognize the ch characature painted about him. >> i do feel better about the capital markets and if you ask me to look ahead the next few months, especially if a.r.m. and other ipos go well, you will see a meaningful increase in activity. >>> and global leaders are descending on new delhi, but the talking point is xi jinping. >> quite a bit of policy space to address the challenges. we're monitoring the situation. i don't see it as having very significant and direct impact on the united states. >> we'll hear from wto director ngoziokonjo-iweala exclusively at 10:30 cet. >>> good morning again. welcome to "street signs." let's look at markets and how they have been faring. the global malaise continues. a mixed close for wall treat. street. a lot of focus on apple yesterday as we were talking yesterday in the show. there were concerns about curbs with iphone usage in china at the official level. that saw negative price on the knock-on reaction in the trading yesterday. overnight, we got

after yesterday's close, of course, david solomon talked exclusively to david at the communicopia conferenceut in san francisco. they talked about the negative press that solomon has been receiving. take a listen. >> i do want to start off on kind of what i've rarely seen in my career, this highly unusual avalanche of stories focused really, david, on your personality defects. it's been bizarre. "new york times," "wall street journal," bloomberg, "new york" magazine. why has this happened? >> you know, i can't give you good reason why it's happened. what i can say to you, david, is, it's not fun, obviously, watching some of the personal attacks in the press. obviously, we're a big organization. we're doing a lot of things in the world, and you know, we should be scrutinized, and we are scrutinized, and we watch that scrutiny very, very carefully. i don't recognize the caricature that's been painted of me. i have a lot of colleagues and clients i talk to. they don't recognize that caricature either. and i tell you a lot of them, particularly my colleagues, are not shy about expressing their p

as david solomon said, a slowdown may be on the cards.alk to us about what that looks like in terms of pricing in a late-cycle piece of the economic expansion. >> markets are a little confused by everything right now. in some ways, you can see that the soft landing pricing is still in there, and yet, there is more risks starting to emerge. risks, on the one hand of more aggressive fed tightening, and risks on the other hand that that acceleration in tightening causes something nasty to the economy three or six months out from here. if you look at the bond yield spectrum, we have had rising short-term yields, and that is starting to infect the longer-term side of the race market. embedded with that is inflation risk, fed risk, supply risk from u.s. fiscal spending. all of it pushing up back end yields, leading to a little bit of a shallower inversion of the yield curve. so far, you could say that's okay, people have been able to tolerate higher u.s. interest rates but we are starting to see some wobbles now in the equity market. some of th

look good and play great with gear from dick's sporting goods. >>> goldman sachs c efrmentso david solomon get criticized for being a disk jockey? >> sometimes >> earlier this month solomon told cnbc he doesn't recognize the caricature that's been painted of him in the media. our next guest is wells fargo west senior bank analyst mike mayo he recently sat down with the lead director on goldman's board. mayo says he came away concluding that david solomon's job is safe, at least over the medium term. stocks have done okay, mike. a lot of times where there's smoke, there's some fire but you actually have spoken to some people that might have something to do with his long longevity. >> i spoke to the lead director on the board of directors of goldman sachs, effectively david solomon's, the ceo's boss. his nickname is bio. i sat down with him yesterday. he made it very clear that there is no ceo issue at goldman sachs. he said look at the results, the execution and the strategy they're going very well. he said the reputation is still fine, and the reason i have this is he all but gave a silver

rashaun williams, welcome back. >> thanks for having me. >> david solomon feels pretty good, better atst, he said, about the overall market. do you? >> yeah, i do. and i guess the best quote i can give you is delay does not mean denied. we've been sitting here waiting, and we all believe there's a trade for every season. and right now the trade is the multiple expansion trade. we were in the risk-off season, and then we entered into the smart money trade where you're buying distressed assets at distressed prices. now everyone is expecting multiples to expand, deals are being presold before they launched, and then we'll normalize back into it, kind of chasing normalized earnings growth when the economy kind of settles in and everything starts going up for at least a year or two. >> he couched his optimism somewhat on the idea as he said that, you know, assuming arm goes well, right, the industry needs it to go well. what do you think is really riding on that ipo given the size, the nature of the demand that's around it, and just it's so big at a time where there's been absolutely no act

if you go to david solomon's dinner party, maybe it is excused.il 9:00 so it is not like rage until dawn. you have employees upset about their bonus and pay. i have been in the office since july of 2020. my skew of return to office is whacked. dani: i think about the jamie dimon quote where he said i get it, you don't want to commute 1.5 hours into work but you also do not need to work for us also. that is the trade-off. alix: this all leads us to wall street beat. . is another story everyone is loving to love. jon corzine's critics are targeting his futures trading. break me down the story. we knew jon corzine was back a little bit. what is this about? >> some futures industry executives, a little bit is too much for them, basically. he has had some longtime foes in the industry going back to what happened when he was at the helm. what followed that is the crackdown with new regulations and scrutiny of the futures industry following that incident . about $1 billion in customer funds was at the center of what we were talking about. now you have a

that was goldman sachs' ceo david solomon speaking with our david faber just yesterday on "closing bell overtime." steve weiss, i'll go to you. you own goldman sachs as a position. do you agree with what solomon says? i guess part of me says you have to, you own the stock still and buy into the goldman thesis at least a little bit. >> yep. first of all, i have a bone to pick with dave. i was riding my bike and he blew right by me like i was standing still. he may be in better shape than me though i doubt it. talking about the pipeline maybe opening up sooner than expected. right now bankers think the back half of '24 is when it will be, does it matter if you take a long-term view if it's the front half or back half. you talk to bankers all day long at lots of firms, the pipeline is bigger than it's ever been for ipos and for secondaries. where you won't see the recovery is in m&a and the reason is it was down 16% is because interest rates are so high. i don't think anybody expects it to recover but when you're looking to buy a companies there's a big difference between the affordability

. >>> do not miss a cnbc exclusive interview, goldman sachs ceo david solomon sitting down with davidduring "overtime." "closing bell" right back. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire somebody would ask her something and she would just walk right past them. she didn't know they were talking to her. i just could not hear. i was hesitant to get the hearing aids because of my short hair. but nobody even sees them. our nearly invisible hearing aids are just one reason we've been the brand leader for over 75 years. when i finally could hear for the first time, i started crying. i could hear everything. call 1-800-miracle and schedule your free hearing evaluation today. this is a clustomer. hello! it's what happens when marketers group customers with very different behaviors... into one tangled mess. this is a mess! with mailchimp, marketers can use real-time behavior data, to personalize every email for e

the past two decades ranges from hank paulson to jon corzine, lloyd blankfein to current chief david solomon-- and helped the firm navigate many major transitions. but it's the her own transition that's now the subject of her new memoir, coming out trans in corporate america. maeve duvali joins me now along with charlie gasparino. welcome. >> thanks for having me, nice way to end the week. liz: we say corporate america, but wall street takes it even a step further, does it not? >> yeah, it does. and a lot of people find this surprising, but i had a pretty good experience coming out of goldman sachs. i felt sported and accepted, is and i was happy. >> we broke the story on fox business. >> you did, charlie. it was in early june of 2019, and you guys did the first story. >> what i was most impressed about a, just your courage for doing it and coming -- and doing it publicly, essentially. you know, a week before you were maeve, i interviewed you probably as mike back then. >> yeah. >> and i thought the way you described your journey, to me, was poignant, and it kind of got me. why don't you tel

communicopia conference in san francisco, where later today he'll have an exclusive with goldman's david solomon4:15 p.m. eastern time. in the meantime, futures red as some of the labor data today runs warm. jobless claims lightest since february. our road map begins with apple's china challenge, shares moving lower on news of a broader iphone crackdown. that decline also dragging down the broader markets. nasdaq on pace for its fourth straight day of losses as stocks continue to shake september here. >>> and media at a crossroads, while wbd is still betting on the cable bundle. jim, you discussed this on twitter today. it looks like this is going beyond just government agencies. >> i think that -- got to go back to when obama was president. 2015. he meets with xi, and xi says he has no designs on the straits of china, and as soon as he leaves, he begins to have designs on the straits of china militarily. this is, unfortunately, a pattern. it's not something new. president xi meets with -- well, gina raimondo meets with number two. she reiterates, you're not going to get the chips that are artif

sky is just part of this big consumer banking retreat from goldman sachs and its david -- ceo david solomonleft on the books. >> they still have that popular savings account. consumers who at the mo -- most important touch point is that product. everything else that they thought about or pretty much everything they thought about in trying to bring out this consumer banking franchise going and excited with so many new products and thinking there's so many other partnerships. all of that comes off the table. they still have the gm credit card, for the last year we've been hearing noises, they've been making noises about wanting to get out of there because of the contract. and really doesn't fit the strategy as they talk about it. alix: i understand that. however we get some ipo's. can we call instacart a success for the banks right now. >> yes considering it's up 10% because at some point yesterday it was up 43%. trading about 33. that is a decent pop. i would argue there was a lot of talk around the arm ipo. in some ways arm is part of this sector swept up in this mania. it might not give an

. >>> mark your calendars for an exclusive interview with goldman sachs chairman and ceo david solomonn cnbc. >>> cannabis stocks extending their smoking hot runs. they've been on a tear since a potential of a marijuana rescheduling started to gain steam last week. how much higher can these names go? tim, you thought this could be tripling of the stock. >> yeah, well, look, there's -- if you see -- the last couple days, both the volumes these shares -- they've traded probably ten times volume of the previous six months, and if you look at where -- there was some short positioning out there, and no new net money coming into the space. the headlines here are that cannabis, good politics. and the biden administration came out on friday, a couple days after hhs came out and basically said, we have given the fda's recommendation that cannabis be rescheduled to schedule three over to the d.o.e., and -- dea. we have a dynamic where i feel like the industry suddenly has a different foundation under it, because the biden administration now says, we've always supported cannabis, which isn't true

. >>> goldman's david solomon will sit down with david faber this thursday. 4:00 p.m. time live from goldman's tech conference in san francisco. only at vanguard, you're more than just an investor, you're an owner. our financial planning tools and advice can help you prepare for today's longer retirement. hi mom. that's the value of ownership. (fan #1) there ya go! that's what i'm talkin' about! (josh allen) is this your plan to watch the game today? (hero fan) uh, yea. i have to watch my neighbors' nfl sunday ticket. (josh allen) it's not your best plan. but you know what is? myplan from verizon. switch now and they'll give you nfl sunday ticket from youtubetv, on them. (hero fan) this plan is amazing! (josh allen) another amazing plan, backing away from here very slowly. (fan #1) that was josh allen. (fan #2) mmhm. (vo) football season is here. get nfl sunday ticket from youtubetv on us. a $449 value. plus, get a free samsung galaxy z flip5. only on verizon. - "best thing i've ever done." that's what freddie told me. - it was the best thing i've ever done, and- - rea

colleagues will discuss the economy and the banking sector with goldman sachs ceo david solomon.on't miss that interview at 22:15 cet. >> i look forward to watching that one. >> it will be a late one for joumanna. that is it for us. thank you for watching "street signs." "worldwide exchange" is up next. shipstation saves us so much time it makes it really easy and seamless pick an order print everything you need slap the label on ito the box and it's ready to go our cost for shipping, were cut in half just like that go to shipstation/tv and get 2 months free ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. evs deserves a great deal. that's why comcast business is launching the mobile made free event. with our business internet, new and exi

sachs, one of the lead underwriters, you may recall the conversation david faber had with the ceo david solomon who really made it clear they needed this to go well, of course the ipo market in general. steve weiss, you're flagging this. you own goldman. it seems to be rewarded for a good out of the gate move here. >> i did add to goldman. the ipo cycle seems to be picking up steam in advance of what bankers had anticipated and also because, frankly, amy shamed me into adding no it when she did. this falls squarely on them. they are likely being the ones that are stabilizing in the market. look at ken griffin's comments, fewer deals and that's fat business for the banks. it will be great to get this going, unexpected this early as opposed to the second half of 2024. >> a good play we'll keep watching. arm looks to be at the highs of its early trade. delta is under pressure. that's after cutting the profit outlook following moves from american. they cut their estimates yesterday, united, southwest, alaska did the same last week. there's the trade. your commentary is what? >> i'm not overly worri

. >>> goldman sachs' david solomon said it's likely to be stickier, but the chances of avoiding a recession are now materially higher than they were a year ago. solomon referenced optimism but pointed to lag time in a time of uncertainty. meanwhile there was a weighing in on the fed's next step. >> i think they're done. we have enough economic weakness. the one thing that they need to change, to be done is they need the core pce to drop below 4. it's been at 4 to 4.5 for about 2 1/2 years, and that's the one indicator that's just sideways. all the rest of them have very substantially come off their highs. not the core ckcore pce. that has to come down. i think once that goes below 4, i think it's at 4.1 today, i think that will definitively make them stop. >> now, the big event today, u.s. cpi data is due. headline and core meetings are all all expected to take higher on the year. joining us now is our next guest. phillip, thanks for being with us. is it pretty clear headline cpi has bottomed? >>e've already seen it tick higher and we're seeing energy prices, particularly gasoline prices ti

haidi: goldman sachs ceo david solomon speaking at the american energy security panel in oklahoma cityining us is shelby mcfaddin, investment analyst at motley fool asset management. this narrative of higher for longer, perhaps more work that the fed needs to do is similarly starting to take hold for investors. has it changed the our positioning in this market? shelby: i would absolutely agree that it is finally starting to sink in. i would also say that at motley fool asset management, it hasn't changed how we are allocating and thinking about opportunities. for a couple of reasons. we are trying to choose companies that will be high-quality and resilient anywhere in the business cycle. that means that if all the packages are followed out of the sky, we want to choose companies that have a parachute and will have a softer landing. . the second reason is that when we look at the environment we have been in for over a year now in this tightening cycle, we did expect this to happen, that rates would have to get where the fed one of them, that they would have to see results, and that we w

. >>> david solomon wrapping up an interview with david faber. he addressed a wide range of top topics. david faber joins us from goldman's -- >> that's the one -- that one is in november. >> it was a corn kobe ya, too, melissa. good job on the math there between seven and three. you got that going. >> i try. >> yeah. listen, as you might expect, we spent a good amount of time on that unusual spate of stories from major news organizations that really dealt with the subject of mr. solomon's personality, and whether, in fact, it was getting in the way, to a certain extent, of his management of the firm. but you know, for our purposes, of course, his comments about the calpital markets and m&a centered for what we care about. next week, you guys will be talking about ipos, arm pricing on the 13th, trade on the 14th of september. i asked solomon, is he feeling better about the ipo market and the capital markets as a whole? >> i definitely do feel better about the capital markets, and if you ask me to kind of look ahead, you know, over the course of t

and don't miss an interview with the ceo of goldman sachs david solomon thursday at 4:15.sses need 5g solutions today. that's why they choose t-mobile for business. mlb partners with t-mobile to not only enhance the fan experience, but to advance how the game is played. aaa relies on t-mobile's network to stay connected nationwide, so they can help get their members back on the road. and we're helping pano ai innovate, to stop the spread of wildfires. now's the time to see what america's largest 5g network can do for your business. (♪ music ♪) now's the time to see what america's largest 5g network (♪ ♪) the walking tree is said to change its entire location in pursuit of sunlight (♪ ♪) where could reinvention take your business? accenture. let there be change. >>> welcome back to "the exchange." and call it a tale of two halves. two months into the second half of the year, and things are already marketedly different from the first. the leaders of the first half were tech and consumer discretionary, and they're now trailing other sectors. energy, after a mediocre first hal

markets, i'm sure that's one of the questions david faber will ask in his exclusive interview with david solomonthe goldman sachs ceo. such a key player and whether you're going to get a recovery. they'll talk that and everything that's been swirling and goldman, too. you sold goldman sachs. >> i did. the second earnings report was kind of ugly. i don't think it's a damaged franchise but there's some hair on it right now. i do want to get out of the way. as we go through this september swoon and i put money back to work, it may well be goldman sachs but not at this price, not without more of that hair being shaved off of it. i'll listen to what they have to say. the palace intrigue doesn't invite me into the stock. >> what do you think he'll say? clean talk? >> how about if i tell you i don't know but it will make good tv, i'll watch. >> 4:15 eastern time, the two davids. >> morgan stanley is our favorite pick. capital markets should pick up. i expect you have to plan by that by owning it. you're avoiding the issues the regional banks have had and some of the delinquencies, you will not see that

tomorrow, do not miss david faber's cnbc exclusive interview with goldman sachs' ceo david solomon atot this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. ♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> we are bank. deutsche bank focusing on the financials, but they say over the long-term they need to be cautious. how

david solomon is speaking at 2:45 p.m. i'm curious to see whether we have any sense of that shift from goldman sachs but more broadly what we keep hearing about, is it the typical calling of the herd or is there something deeper going on given some of the credit concerns? jonathan: looking ahead to earnings from jp morgan. what's the next big step for this market after cpi? tom: there is all this economic data and we will overanalyze it and i think cpi tomorrow is a big deal. october 13 is when we start the soirÉe. our first guest this morning is someone who has taken a more bullish stance. when do people start popping 5000 as a regular level? how about 5100? jonathan: he was the biggest bear on the street and looking for dirty 400 and now he's looking for 4150. he joins us now. what do you feel like you got wrong? >> i think there's been three drivers of the market that have helped this outperformance this year. one is the ai story linked to tech. the second one was positioning. we were aware we were underway coming into

later in the day mike seibert, tomorrow david solomon. boss who will be presenting about 30 minutes from now and see if he makes any news at all in terms of comcast or what he has to say about the dispute that we talked about in the last hour again between disney and charter. >> a lot to look forward to. david, thank you. we'll see you in a bit with the ceo of at&t. i was promised a broad question in that serinterview as well. socks are selling off a bit again. s&p down half of 1%. what is working today? energy again adding to gains for the week up almost 1% in this holiday shortened week. and only other things working right now are defenses like staples and utilities. everybody else is lower. nasdaq down about 0.6 as we watch treasury yields firmer as well as the dollar at six month highs. >> almost the exact same setup as this time yesterday. ism services, let's get back to rick santelli. hey, rick. >> well, there are positive surprises here in the triple header plus the final new order. so that is four in all. let's start out with the

you spoke with david solomon. he was more diplomatic through that.ome firms will start trimming immediately. but they'll do it through attrition. they won't fire. they just won't hire people. in terms of making numbers move up, what i think is most daunting is what happened with oracle. and i wanted to buy -- oracle's got oracle world next week. i think they're going to lay out a pretty good a.i. strategy, but they didn't raise, and unless you raise, like nvidia, then it's disappointment, and david, that means there's a lot of disappointment ahead. it worries me, particularly in light of what we know about arm holdings and how that stock is going to come in way too hot now. >> you think it's going to come in way too hot? >> i was hoping for $50 billion. i'm hearing $60 billion. i can't get that. >> i don't know if they're going to get to that. really? >> these anchor tenants. the anchor tenants are strategic. they don't care about valuation, right? they're bidding the thing up. david, it can't go north of $50 billion and make sense. >> well, listen,

and don't miss an exclusive interview with goldman's ceo david solomon on "closing bell" around 4:15 p.m. eastern. "the exchange" will be right back. you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire wow, you get to watch all your favorite stuff. matching your job description. it's to die for. and it's all right here. streaming was never this easy, you know. this is the way. you really went all out didn't you? um, it's called commitment. could you turn down the volume? here, you can try. get way more into what your into when you stream on the xfinity 10g network. here's why you should switch fo to duckduckgo on all your devie duckduckgo comes with a built n engine like google, but it's pi and doesn't spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. and there's no catch, it's fre. we make money from ads,

we'll get more on that when david speaks with goldman's david solomon later today in the 4:00 p.m. that's live from out west. >>> more on that right now. we'll dive deeper into deal-making and the state of private equity. thoma bravo announcing it will take nextgen healthcare private in a deal worth $1.8 billion. it comes as private equity deals and value fell by roughly 30% in the first half of this year. the average size of the deal is trending lower. is that set to change? joining us at post 9 is thoma bravo founder, orlando bravo. it's good to see you at post 9. good to see you. >> sara and carl, good to see you. it's good to be here in person. >> good to have you on a week especially when you made a deal, nextgen healthcare. i'm curious how that came together. >> well, you know, i can't talk about the specifics, because the deal announced but not closed. it's subject to regulatory and shareholder approval. look, we're always buying companies and we're always selling companies. and the way for us our deals come about, which may be interesting to your audience that trades these

ceo david solomon striking an upbeat note, telling reuters the chance of an economic soft landing has risen meaningfully, but he he also said that the federal reserve still has more work to do to bring down inflation. read more rate hikes. we shall see. let's bring in the floor show to mix up all of these headlines together. joining us now, david spee ca and horace didier of simko. investors don't see mitch wonder in the new -- much wonder in the new apple iphone. could you grade today's event for us? >> well, i think a pretty solid b, b-. it was not the most effective show, obviously, but we did see surprises. i think in my list the number one was the spatial video coming to the iphone 15. now, if you remember in the vision pro, this was one -- going to be one of the features of three-dimensional photography video. that'll be enabled by hand held devices which a lot of people have been commenting about how they can pull that off. they did it, it's fantastic, it's going to get millions of people that ability to create 3-d images. the other thing that's interesting is satellite roadsid

lisa: we heard david solomon from goldman sachs yesterday at that conference talking about how it would move away from financing some of the fossil fuel companies. you still need to invest in oil and gas in a more material way and we've heard this from others. it's a reality check and we are using some of these materials so if that's the feeling from tanks, won't some of these projects refinance now more than two years ago? is there a sense there is open financing available to some of these companies? >> i think that was the important, yesterday. you had the chairman of one america's largest banks saying clearly that they don't want to miss treat this industry and it remains an important part of the american economy. the bank they said will be there for them. i think this is a big shift from perhaps a couple of years ago when mr. solomon would have been more reluctant to say that. he is in their backyard and is the place to say that but the fact that he went there at all to say it is interesting. there are people still willing to finance that industry. lisa: what is the biggest concern

hearing that from david solomon, also from jamie dimon. your market, micron is reporting earnings. i think the earnings are going to be what could potentially be a most interesting data point simply because you look at weakness. at 9:00 p.m., the second debate of the republican presidential candidates is airing on fox. who is not going to be there is the former president donald trump who will be in detroit with a follow-up act to president biden yesterday. i wonder how much he is going to discuss electric vehicles and lane into some of the industrial policy. jonathan: is he invited to the picket line? lisa: i don't think so. it has been more frosty between the aew and the former president. tom: eventual historian was with us yesterday and she was riveting. off camera, she was really heated about should a president pick a side. my point is, i don't think anybody out there is picking capitalism, job formation, investment cash, the automakers trying to get to the future. it is a pretty lonely group. jonathan: he did not have a choice. where else? is he going to be tom: i will leave it

david? know and that is how it works. i have jake solomon . david? know and that is how it i works. on musk does as well. he should have called and asked what the president wanted him to do. what is weird is it isn't as if it hadn't occurred to anybody before october 2022 that there might be military operations in crimea. my question is, have the united states government not communicated their wish to elon musk? was he complying with a secret wish? in any case, not his decision to make. of course this company is now exposed to tremendous risk. spacex is not a publicly traded company. if it is nationalised its value will be decided not by the public market but in a court of law. the investors, the private equity firms, they might not like the evaluation they get if starlink is nationalised.— nationalised. this is a new frontier- — nationalised. this is a new frontier. military - nationalised. this is a new frontier. military defence l frontier. military defence contractors, all in line with the governments they are supplying, but now tech plays a central role in conflict. does that ch

not really the key part of the story what is is, of course, this continued retrenchment i asked david solomonbout it and he was very blunt about and trying to defend, essentially, saying, hey, we try something, it doesn't work, and we move on. take a listen. >> we made a decision, you know, six, seven, eight years ago when we started this, seven, eight years ago, to also get into credit for consumers, and a variety of things that have changed, but we think that we shouldn't enter that space as aggressively >> what are some of the things >> i think the regulatory environment has changed. i think that scaling those businesses, you know, in this environment is a little bit harder than it might have been in a different environment and so, we made the decision to pare it back what i hear from most of our investors and shareholders is they admire that we tried something, and they also admire that we quickly made the decision that we didn't think it was working the way we wanted to pare it back and make a change, so we made a change. we're very, very focused on our core business of banking and marke

don't miss faber's interview with david solomon live from goldman's technology conference coming on thursday. eastern time. dow with some moderate losses to start a shortened week. s&p 4500. we'll get stop trading with jim in a moment. with comcast business... it is. is it possible to use predictive monitoring to address operations issues? we can help with that. can we provide health care virtually anywhere? we can help with that, too. is it possible to survey foot traffic across all of our locations? yeah! absolutely. with the advanced connectivity and intelligence of global secure networking from comcast business. it's not just possible. it's happening. doors take us places. so you bought a place. to new adventures. -oh. mwah. -planned... -and unplanned. -surprise! -they lead to goals. -for you, mama. and connect us to family. i didn't get the part. your dedicated fidelity advisor can help you open those doors. but i did get waiter number 2. because they know you. they can help you create a comprehensive plan for your full financial picture and personalized money management with the right

you spoke with david solomon. i think they're getting hurt on apple pay.do i know, they don't break it out. >> they don't. they would say consumer such a small percentage of the overall revenues and clearly not reading into it any longer. ? you can sell it ap. i'm sure somebody wants it. >> you had high hopes for that card. >> i did. there was a shuffle at goldman, the person i was close to, went to another firm and -- but i am very -- now i'm bullish on what apple is doing, not what goldman is doing. >> what about tonight. >> oracle got crushed, when they reported, went down to 108 intraday. this is from oracle cloud world. we'll see what happens. >> pick. >> hidden valley ranch. he doesn't realize it's head and shoulders, not the shampoo, above the others. >> i totally agree. there is no competition. >> you can make a lot of different things. >> we'll see you tonight, "mad money." 6:00 p.m. sara is one on one with the treasury secretary. don't go away. >>> good monday morning. welcome to another hour of "squawk on the street." i'm carl quintanilla with d

yesterday, david solomon of goldman -- david sullivan of goldman sachs said this is going to restrict access to companies big and small and it 2:00 p.m., real yields as lead this whole charged up and yields will get the august u.s. budget statement. the u.s. is getting more in debt and selling more debt to cover that. jonathan: looking ahead toamh in washington later this morning and the potential for a strike in detroit. this line is so important -- there is a line in the sand for the sustainability of the company. we heard that yesterday as well, the viability of the company, can they take on the kind of pay raises the uaw is pushing for? tom: i've known bill ford for years and he's very good at pond hockey. jonathan: like the mighty ducks. tom: you are outdoors and you are on the pond and you are competing with old fords and bill ford leads the charge on this. then we talk about the fabric of the family. we didn't go bankrupt, they did. ford in dearborn will do everything they can to avoid what they avoided back when steve ratner was the car czar. jonathan: amh his joining us from

. >>> david solomon speaking to david faber at the tech conference in san francisco yesterday. he spoke about the private credit business with more than $100 billion in private credit on goldman's wealth management platform. >> i think given the shift in the environment and change in the capital markets we have gone through and the shift we are experiencing right now is making those markets attractive. that is an area where, one, there is real opportunity for players which are private players, but real opportunity for institution like ours which finances our positions and helps put deals together in that s space. >> solomon paddressed the negative coverage of the leadership at the bank. >> it is not fun watching personal attacks in the press. we are a big organization of the we ar world. we are watching that scrutiny carefully. i don't recognize the character that has been painted of me. i think particularly, my colleagues are not shy of expressing their personal views. i always reflect on it. you always look at it. we're focused on doing what we're doing. >> it was an interest

. >> meantime, goldman sachs ceo david solomon spoke at the same conference he defended the issues andd the investment in the sector solomon said traditional energy companies are important to the economy sachs. >>> in the meantime, we are in the last days of september and congress has four days to fund the government to avert a shutdown before september 30th that's the deadline. joining us with more punch bowl news is jake sherman good morning to you. how do you handle that after i read your newsletter this morning? we should talk about the ukraine piece of the aid that is a sticking point >> andrew, the senate has been on the sidelines so far with the government funding fight is starting to move on their own stop-gap measure they are trying to keep that very clean meaning little or no ukraine funding for 45 days. a little bit of disaster relief. the only question is can kevin mccarthy who promised to fund the border and institute border policies and cut spending. can he put that on the floor the question is if senate passes this bill is should he upset the right flank of his conferenc

. >>> david faber will introduce david solomon at 4:15 eastern time on thursday live from the -- it'sng. it's not a communist copia conference. it's a commune copia. we'll be right back. (sirens) [due at target in 5!] copy that. make a hard left down the alley. network's got you covered. [please confirm requesting back-up.] -changing route. -go. roadblock ahead. ...back up, back up... reverse! reverse! next level moments, we're 30 seconds out. need the next level network. [north corridor, hurry!] -coming through! -or 3, let's go. the network more businesses choose. transplant received. at&t business. that first time you take a step back. i made that. with your very own online store. i sold that. and you can manage it all in one place. i built this. and it was easy, with a partner that puts you first. godaddy. >>> our next guest says the s&p 500 positioned for a strong year-inderally and will be closer to the 15,000 mark by then, a more than 10% increase from friday's close. andrew slimmon senior portfolio manager at morgan stanley investment manager. andrew, what happened in august? h

communicopia conference in san francisco, where later today he'll have an exclusive with goldman's david solomon since february. our road map begins with apple's china challenge, shares moving lower on news of a broader iphone cra

entrusted the mantle of authority, grant each in this body the wisdom of solomon, the patience of job, the insight of daniel, the courage of david, and faithfulness of abraham as they endeavor to do what you require of them in these days. in the strength that we find only in your name do we pray. amen. the speaker: amen. the chair has examined the journal of the last day's proceedings and announces to the house the approval thereof. pursuant to clause 1 of rule 1, the journal stands approved. for what purpose does the gentleman from south carolina seek recognition? mr. wilson: mr. speaker, pursuant to clause 1, rule 1, i demand a vote on agreeing to the speaker's approval of the journal. the speaker: the question is on agreeing to the speaker's approval of the journal. so many as are in favor say aye. those opposed, no. the ayes have it. the journal stands approved. for what purpose does the gentleman from south carolina seek recognition? mr. wilson: mr. speaker, i object to the vote on the grounds that a quorum is not present and make a point of order a quorum is not present. the speaker: pursuant to clause 8 of rule 20, furthe

david burliuk, for example, the first one. why is the first one a typical bakst? the second one is like a parody of bilibin. the fourth one is then popular. odessa artist solomonely so futuristic, it’s like burliuk’s project , a parody of bark. let’s see who the questions are from today. let's hello my name is anastasia chernobrovina i am an adviser to the president of the russian geographical society on information policy. today we have the topic of a river question from the russian geographical society for 600. more than 61,000 rivers and streams flow on this russian island, the vast majority are less than 10 km in length. question from russian geographical society, over a thousand years ago , nature connected the basins of these two large rivers with a natural waterway, such a joint was put on the map by alexander von humboldt. this is the amazon and the orinoco question from the russian geographical society for 800. this river gave the name to the state, although it flows mostly on the neighboring side, and the source belongs to china. quite right, the question from the russian geographical society that gave the name to india for 400 compared to the level

david, you flew up to boston and got him. >> i did the first interview with him. >> and you got solomon last week and musk.olomon, musk, culp. the solomon interview, by the way, that was fabulous. >> thank you. >> the solomon interview was fabulous. i loved it because you didn't relent. it wasn't like, okay, i guess things are good. it was like, well, hold on, five partners left. that was some body language on the five partners. >> you know what? listen, those questions, i felt, had to be asked, and they won't be asked again by me, so hopefully we'll sit down again at some point and get back to a more normal type interview. >> down goes solomon. it wasn't that? >> we got to plenty of the usual questions. i thought comments about capital guidelines under the new basil regime, which is yesterday to come, more interesting, sort of pushing back, relatively hard against it. >> and jamie dimon might do the same at 1:00 today. wouldn't shock me if jamie dimon just doesn't take the wood to this. >> there is that as well. did you want to comment on the boeing story at all? i thought it was a weird story. >> with th