david solomon in his comments this week talked about the balancing act when it comes to capital requirementsersus what ultimately helps or hurts the economy. let's listen to what he had to say. >> you will always have debates on the margin as to whether there are things we can do that can strangle the system. like a wholesale increase of 25% capital from the largest banks with lots of individual provisions that affect different activities i think is ultimately punitive to economic growth. it doesn't strike the right cross benefit analysis jon: building on your previous comments, having a conversation around regulation which is important, should we have it at a time when there is economic uncertainty? >> i would agree. i don't think the basel iii and game should be the endgame. we've got distressed commercial real estate and could have a recession next year. i agree regulators should work with banks now. those are the top or a ortiz. -- those are the top priorities. there is a lot of merit in these new rules. they will get done over time but it's important to understand these new proposals st

jamie dimon, david solomon, james gorman, among those expected to appear.is finance of the economy, let's talk about the number one issue as it pertains said that, what is the big push from bank ceos today? >> the big worry is declining profits going forward. they don't see a scenario with the current regulation climate where they can see -- where they can sell a great picture for themselves, which is why you had this unique situation where we are seeing it designed as a platform to hold big banks accountable is going to turn into one where they are going to air their own complaints. i think about it as two bickering parents, one parent, the regulators to the bank, trying to impose discipline and put in place strict capital rules, so what are the bank ceos doing? going to the other parent to find a sympathetic ear. going to play to that and say consumers will suffer because of this, higher airfares, you cannot make more loans, reality is, that at the end of the day, their profits will be hit. the fed is betting back the idea that this will have an impact on

moynihan is a phenomenal ceo, and you're buying the ceos for each whether it's jamie dimon or david solomonem right now. they're still fairly priced here. i think there's upside. they're not overpriced. you have bofa at ten times earnings. you have it nine times next year. so you need those rates to come down, start triggering catalysts for it to grow. otherwise i think the gains here for now are not going to do much for all the banks. >> joe, jpmorgan, morgan stanley? >> jpmorgan is about to complete a record year for a bank. no bank has ever earned more money than jpmorgan is going to earn this year. without question for me personally buying jpmorgan in march during the regional banking crisis was my trade of the year. and if you think about what jpmorgan was able to do in that environment, it's the same thing as in 2008. think about washington mutual, bear stearns. jamie dimon gets first republic in march. how does that look right now? it looks absolutely fantastic and an unbelievable acquisition no one else was able to compete with him at the time to acquire. >> we'll give you some love

jamie dimon talk about in the past and james gorman, but today you had the ceo of goldman sachs david solomonelineate the senators that this would impact the prime financing business that affects the treasury market. is not just about the treasury market, prime financing, especially after goldman has retreated from any of their consumer businesses, is increasingly an important business to goldman sachs and they have been winning in that business. it's not just a matter of the capital rules. the finger-pointing was astounding. this worry that more rules on capital for the big banks will really push more activity out of the banking system and how dangerous that would be. private credit was an area of disagreement. i asked senator warren after the hearing a couple of times whether there was a distinct plan to regulate the private credit industry, and she kept on leaning back to crypto. the one thing that senator warren and the big bank ceos have in common is that they all believe that crypto has massive problems and should be subject to more rules. but i've got to say that in the year since 2019

don't count out david solomon just yet. it's not the only financial rally. jpmorgan is also rocketing higher. jpmorgan moving up one. 7% % to $163.85. that is close to a two year hi, shares of the big bank which had quite a year wondering which it scooped up in the wake of the march retail bank prices, that seems so long ago, doing quite well. s&p, back to the broader market, 2% away from an all-time record, the nasdaq opened up with a cheer. it is still at 11, let's call it 12 points, the nasdaq has been dipping in and out of negative territory in part due to adobe which is sitting at the near bottom or bottom of both the s&p and the nasdaq. investors mull a weaker than excited forecast for its february quarter and fiscal first year. we have for school full year, we've got adobe down 6.8%. the company did say it seems strong. early adoption for firefly gum it's sweet of content creation tools. wall street was helping that to translate to a bigger boost in near-term revenue. energy anything but down a day after jay powell gave the first sign in months that t

because of what's happening in the commodity market or because he has not been on the side of david solomonwe've seen inside goldman sachs. is it more to do with the latter? >> they acknowledge there is an element of that. he is someone who is outspoken and has been a vocal critic of the ceo and not often you will have this dynamic. one of the senior executives can consulate point out that point out the flaws off the leader of the firm. having said that, this is an individual who seems to have close relations across the firm and was a product of the commodities market. his success in last few years in many ways encapsulated what we've seen in the commodity markets. inc. of the events that have taken place essentially since the start of 2020 with the pandemic and the trigger it provided for the pricing in commodities, the ukraine-russia conflict and how that impacted those markets. those gyrations still continue and that's when the bank trading sits in the middle of this activity and they tend to make a ton of money and emerson was leading a group that was historically strong and is known fo

here is goldman sachs ceo david solomon. >> an increase of 25% capital on the largest banks with lots of individual provisions that affect different activities i think is ultimately mune punitive to economic growth. of course we need to make the system secure. thesystem is in good shape. we have seen that under stress. that doesn't mean things can't be done on the margins but this is whole sale change that leads to problems. >> also making headlines from the hearing, jp morgan ceo jamie diamond admonishing crypto in this change with elizabeth warren. >> you have been ceo for almost two decades. can you explain why crypto is such an attractive financial tool for terrorists, drug traffickers, and rogue nations? >> i've always been deeply opposed to crypto, bit coin et cetera. the tax avoidance, money laundering, it is somewhat anonymous. not fully. but you can move money instantaneously. it doesn't go through the systems built over through the years, knowing your customers, sanctions, they bypass all of that. if i was the government, i would close it down. >> close it down. overall this

. >> he was aid to be a fairly vocal credit of david solomon's leadership does that have anything to him stepping down? >> i don't think so. i think ed was getting to a place in his career he was deciding what he wanted to do next and it's not any more complicated than that. he will transition well. ed cares a lot about the commodities franchise and about how it transitions and cares a lot about goldman sachs? >> how would you assess the last year has been like for the executive team? the criticism and the controversy? did you hurt your ability to focus? what are your thoughts? >> i would observe we have accomplished a lot in 2023. it's an eager broccoli year at goldman sachs. we had a lot of it to do and none of it was particularly rewarding on the surface. we had a lot to do under the covers and we repositioned our consumer interest in the big willie and sold a number of assets. we sold united capital. we sold our markets lending platform we sold approximately $10 billion -- right there -- yep. you can even hold it if you want. >> we sold $10 billion in real estate and we've taken

to evangelical trump supporters that it compared him to consequential biblical figures like david and solomonhat he is someone who can affect god's will without having to manifest any christian values. >> i have heard the same. it is interesting. when donald trump first came along in 2015 launching his campaign for president, he was mocked widely by evangelicals when he made his famous gaffe speaking at liberty university. it was pounced on by a lot of bleeding evangelicals are now some of his staunchest allies. how did he go from a figure of suspicion at an outsider and a punchline to being a champion for these people? much of the answer to that is rooted in what you are describing. he said white evangelical. i thicket is important to hone in on this idea that for the white christian in america, they are losing status in ways they have ever seen. if you looked statistically and demographically, 50 years ago during the heyday of them moral majority, this was a fundamentally different country. we are looking at decades long downward trajectories in terms of the white percentage of the country,

there's david solomon, the ceo of goldman sachs. >>> tonight at 10:00 p.m.rn do not miss the launch of "cities of success" exploring cities that have changed into power centers, hosted by our own carl quintanilla. >> we're in nashville, tennessee today examining cities reinventing themselves and pulling in big flows of jobs and investments. tonight our prime time special itof success: nashville" 10:00 p.m. eastern time. with non-melanoma skin cancer. 40 years later, i've had almost 20 mohs surgeries. i had just accepted that the pain and the scars were going to be part of my life. but when i was diagnosed with two basal cells on my face, i became determined to find an alternative to surgery. if you, like millions of others, are affected by skin cancer... it's important to know that surgery isn't the only option. there's another choice. gentlecure. it sounded like everything i had been looking for. gentlecure uses low energy x-rays to kill skin cancer cells with a 99% cure rate. plus, there's no cutting, no surgical scarring and no downtime. i'm so glad i did

i believe that the region of judea and samaria has existed since the reign of solomon and david, and religious jews should live there , for example . knowing the will of the palestinian people against this amount of crime means not imagining that in such a situation the palestinian people will be behind hamas according to your words and even the popularity of hamas will increase . hamas should separate, they put forward the plan to make the people of gaza smaller , to depopulate gaza in general go to egypt and in some arab countries like yemen . the uae paid for the settlement of iraq and turkey, that is, the uae was looking for the security advisor mr. benzaid mohammad dahlan, who happened to be born in gaza , was previously responsible for the security of gaza, and was a member of the self-governing organization, although he has a disagreement with mr. mahmoud abbas, to rule there. gaza should be a neutral area and the current people of gaza should try to move to other places because they know that if they stay until these people, the resistance will disappear. despite all these di

during the reign of solomon and david, religious jews should live there, for example you want to say that if we take into account the miscalculation of the zionist regime in determining the extent of the will of the palestinian people against this amount of crime, it means not imagining that in such a situation , the palestinian people, according to you, are now behind hamas. even if the popularity of hamas increases, that's exactly what the zionists do after seeing that the people are not ready to separate from hamas , they put forward the plan to depopulate the people of gaza , to depopulate gaza in general and move to egypt and some arab countries. just like yemen, like iraq, and also turkey, the emirates had paid for them to live that is, the uae was looking for mr. benzaid mohammad dahlan's security adviser, who happened to be born. gaza is already responsible for the security of gaza , and was a member of the self -governing organization. of course, he has a disagreement with mr. mahmoud abbas. they should make gaza a neutral region and the current people of gaza should try to

i heard david solomon himself was even on a deal that involved hess. to capture this end of your rebound. vonnie: commodities really helping goldman sachs this year once again. but those huge profits we saw for commodities companies that happened during the beginnings and intermediate part of russia's war in ukraine we will see if they come back,. is that the big bonanza now over? sonali: they hope its private equity but we will see. vonnie: that is sonali basak's story. take a look at the lead tables on bloomberg. now to our big take, 2020 there was supposed to be a year when stocks slumped and rallied but of course it didn't play out as expected. what exactly that will stretch's best -- what exactly did wall street get right or wrong? a little bit of egg on faces or the strategy should have taken longer to play out? >> a lot of egg on faces. it's a difficult job trying to predict the markets' direction. but it's been hard in this post-covid economy which has defied the odds. putting those tasked with predicting the market in an uncomfortable position

david bowie arrived in berlin, he was already a superstar. he made the move in search of anonymity and to overcome his good candidates when we recorded the solomon and legend refunds us to use great holes in the summer of 1977. together with producer tony visconti and signed engineer at what maya, who remembers the time funding the gun. and i enjoyed working with him in studio and the sun was created in the studio tony visconti while we had us tony visconti and, and tony, i'm us, who were both part of the production is to leave him alone for an hour to be. and so the 2 of them went for a walk to know to the wall a line and bowing, gazed out, and saw a couple of walking along, holding each other types. oh boy, nissan dix 5. and i'm sorry, but that's what inspired the lyrics, thinking that's how it's being here. if it isn't true, we lived here. i've help sponsor 155 in the front of the district. it really became a home for me then in that time it was a good place to be enjoyed because there seemed to be such a lot happening in the time fans full to berlin to see the legendary hundreds of students to this day to meet is guided tours of the rooms th

david bowie arrived in berlin, he was own ready, a superstar. he made the move in search of anonymity and to overcome his cocaine addiction. when we recorded the solomon and legend drink hundreds of studios, great holes in the summer of 1977, together with producer tony visconti and 2nd engineer. it was maya who remembers the time fundraising gal never dreamed of. i enjoyed working with him in studio and the sun was created in the studio and tony visconti while we had us tony visconti and, and tony, i'm us. who are both part of the production is to leave him alone for an hour to be . and so the 2 of them went for a walk to know to the well a line. and boeing gazed out at the, sold a couple walking along, holding each other tight, small wood boy, nissan, big 5, inside the but that's what inspired the lyrics hunting. that's how it's p of here for these. and we lived here at help stross 155 in the front of the district. the. it really became a home for me during that time it was a good place to be enjoyed because they seem to be such a lot happening and building at the time funds flipped to berlin to see the legendary hundreds of students to this day. to

david turk on his country's oil reserves. so the energy minister prince of dulos's been solomon says oil supply cuts can stay past the first quarterneeded. . in an misconceived interview, he pledged the cuts would be -- in an inclusive interview, he pledged the cuts would be delivered in full. >> i believe the best decision we made was to delay the meeting. i honestly believe that the delivery of the cuts will happen. i honestly believe that 2.2 median will overcome event the huge inventory build that usually happens in the first quarter. it's almost like we were working with a checklist. and that last item in the checklist, apart from the commitment is to give the market the submit that this 2.2 million will not come up simply because we wanted the market to know that there would be a phased approach. since we don't know what will be the market situation between january and february of march, we wanted to be careful about what language we use bassy it will be phased out or gradual, and it will be based on the market condition. >> so i will ask you again, what did the market not understand about the deal -- that you took a next or

david spunt, thank you for that report. we appreciate it. joining us now, he is the editor in chief, the founder investigative reporter justin news.com, as we check in with john solomon tonight john. you have more than any reporter in this country been following this and have broken pretty much by yourself every big aspect of this story. i want to go through this slowly because i think there are so many parts of this that people don't know about and that people have missed. let's first go to the tax charges now. wasn't it, david weiss, that was contradicted the whistleblowers? didn't david weiss originally plan not to bring any charges and only as a result of the whistleblower testimony did he then bring it to another level. >> and that became the sweetheart deal that blew apart open court because of a delaware judge. >> yeah. listen, first off, this indictment tonight affirms every fact that the whistle blowers, gary shapley, joe ziegler gave, they were they've been tormented by some in the media and certainly by hunter biden's defenders. their truthfulness is 100% confirmed in this indictment tonight. and change the course of history. david weiss's team was content