just got a filing out of goldman sachs when it comes to ceo david solomon's compensation package. here are the numbers, looks like 2024 total compensation will be $39 million, that is an increase from $31 million in 2023. 70% of it is restricted stock units. normally the rest is cash but actually in this case the rest is some cash and carry points, you know, carried interest which they run a lot of alternative funds. here is another big headline, there is a retention bonus for david solomon and john waldron of $80 million over five years. they do mention to keep the succession plan in line. i think it speaks to a few things, first of all, eye-popping numbers but in the financial world it is all about talent and maintaining talent to run these big banks. i think a bank like a goldman has to contend with citadel and millennium taking all of its people. >> sure. >> i also think, jim, what a turn of events from -- remember when david solomon was on the magazine covers, the press was against him, he is such a jerk, how can he run goldman sachs, all the people leaking. the stock price i

y'all whose only crude party who voted no if i should cli the countries heritage minister and david solomon. but you also have the communications minister shlomo. got our youth who was not present for the vote. so those boats are actually not surprising because they had been outspoken about their opposition to the deals since the negotiations had restarted, but none the less benjamin netanyahu, whose government did pass this initially in the security cabinet. and then it was actually expected that this wider cabinet boat would take place on saturday evening . but because of pressure from the mediators, according to his really media, benjamin netanyahu took this meeting well into friday night. that's jewish ship bought the sabbath, where a lot of members of the right wing and religious government do not work. but they decided that now was the time to ratify the deal. and this deal will begin 8 30 am local time in guns on sunday. of course the deal was rectified lights into a saturday morning such as those right. these all waking up to this news. what's the general atmosphere and consensus wi

we'll also hear from the ceo of goldman sachs live in davos, david solomon. stay tuned. cnbc. uncertainty and disruption how will your investments stay resilient. we've been navigating change for 125 years always looking forward anticipating risks and trusted to manage over $1 trillion in assets worldwide. solving for the needs of investors today and tomorrow. that's the power of nuveen. there have been no new. >> treatments for. >> osteosarcoma in 40 years. this rare pediatric. >> cancer starts. >> in the bones. >> and often. >> spreads to the lungs. there are no treatments when. it spreads to the lungs. >> now. >> os therapies oh, stocks. >> on the nyse. >> american is reporting immunotherapy trial results that could lead to a 2025 approval. ost grandfathered. >> into fda's priority. >> review voucher program. >> revenue could reach $500 million. os therapies stock symbol os. >> x ready for. >> the big meeting? >> i have to write. >> this project plan. >> i just need to reply to 40 emails. >> every day. >> your team gets sucked. >> into endless writing tasks. >> and ev

the words of goldman sachs ceo david solomon, one of the most powerful people in global finance, speakingis wall street rival, jp morgan boss jamie dimon has also been talking about business optimism for a "more pro—growth agenda" just days before the inauguration on donald trump, with his plans for lower taxes and lighter regulation. well, as michelle mentioned, the trump affect is already being felt by wall street bankers. goldman reporting its biggest quarterly profit in more than three years boosted by buoyant markets and fees on deal making. it was a similar story for jpmorgan as well as citigroup and wells fargo, who all reported a surge in profits. frances coppola is an independent banking analyst. is it time for the wheeling and dealing and to make big profits at the banks? it dealing and to make big profits at the banks?— at the banks? it looks like it. this is all— at the banks? it looks like it. this is all about _ at the banks? it looks like it. this is all about the - at the banks? it looks like it. this is all about the election | this is all about the election of president

shift in ceo confidence, " pa rticula rly after the us election" — the words of goldman sachs ceo david solomon global finance, speaking to investors on wednesday. his wall street rival, jp morgan boss jamie dimon, has also been talking about business optimism for a more pro—growth agenda — just days before the inauguration on donald trump — with his plans for lower taxes and lighter regulation. well, as michelle mentioned, the trump affect is already being felt by wall street bankers. goldman reporting its biggest quarterly profit in more than three years boosted by buoyant markets and fees on deal making. it was a similar story forjpmorgan as well as citigroup and wells fargo — who all reported a surge in profits. as banking analyst frances coppola told me earlier. iam sure i am sure that in the mind of regulators, that will be very much what they are thinking about, how to really walk this tightrope across the abyss of the crisis, saying how do we relax regulation enough to please the new us administration and to free banks to make more profits to free banks to make more profits to do more d

david solomon says there is a meaningful shift in confidence with the incoming administration and many believing it will be business friendly. the kbe up in the pre-market. bank of america up .50%. morgan stanley up 1.5%. pnc, regional bank, up .75%. we get earnings today from the names before the opening bell. >>> apple losing the crown from the biggest smartphone seller. that is the largest annual sales decline ever. that includes the 25% drop in the fourth quarter. apple dropping behind vivo and huawei. shares of apple up .75%. we will continue to watch the stock throughout the hour and day to see if there is any reaction to that report. >>> coming up on "worldwide exchange," from super micro to adi, aann end to one of the most notorious short sellers here on wall street. we'll be right back after this. ...or know what i like to eat, which is not that. what's up, my brother? oh, hey, bud! we really needed this rain. right? [car splashing rain water] agentforce helps restaurants prevent dining disasters. paddle on over! it's what ai was meant to be. we got you, brother. ♪♪ ♪♪ ♪♪ ♪♪ ♪

goldman sachs profits doubled in ceo david solomon says he sees a more constructive environment under incoming president donald trump and that is sending their shares up more than 5.5%. jp morgan traders saw a record quarter fixed income in particular helping revenue up 21% for the trading division. it also had the highest annual profit in the history of american banking once again. jp morgan up 2%. the bitcoin related stocks are seeing their own rally as bitcoin takes another run at $100,000. coinbase up 6.5%. getting back to the inflation data and what it means for the federal reserve. last week bank of america economists made the bold call the fed cutting cycle is over. earlier we can't up with the firm to see if today's cpi data change that forecast. >> i don't think it changes our mind. it is a good number. .2% on the core pce. we were below consensus on 26 basis points. if you look over the last three or four months we are running around 2.5% which is where the fed thinks will be at the end of this year. by the fed's admission inflation is stuck around 2.5% and on top of that th

dani mentioned david solomon.of this bank exuberance and excitement for 2025 down to washington? erika: it's not just policy but supervisory. in terms of what is more difficult to easiest to change, there is legislation, policy and supervisory. what got us kind of excited about near-term changes is, like i was saying on another program while we were wrapping gifts and watching "love actually," on the 23rd and 24th of december. dani: jonathan's favorite movie. erika: mine too. the fed put out a press release on december 23 that they were going to try to make the stress test more transparent in response to be chevron ruling. the day after, the bank sued them in terms of trying to get more transparency for the stress test. i'm telling you, if we redefine excess capital for growth and buybacks, that is a game changer. for large banks especially, i've been on this program a lot talking about consolidation. i think the market was saying it's not going to get worse under trump for large banks. we had not considered thing

rich handler won't mind that i said that and david solomon will be thrilled.y home state of new jersey, who asks many times you talk about ringing the register. can you give me a sense of a percent gain to start? and do you do this more than once? many thanks to you, jeff and ben. jeff's our chief scientist for all you do for us home gamers and also research director. okay, so this is really important because it's not science. it's more of an art. when a stock let's let's take let's take nvidia okay. so nvidia became about 7% of the fund. so we had to trim it back because it's just way too big. we became the nvidia fund. so we cut it back to say around a little bit a little bit north of 5%. then there'll be other situations that go up so fast. and here i'm thinking about something like best buy, where it went up so fast that it didn't reflect the current fundamentals. so we trimmed some. and then there's just situations where we have such big gains that i feel like bulls make money, bears make money, and pigs get slaughtered and we take some off there, but we

you can see it, david solomon, capital markets.oney are different now, and that private credit players are huge part of that story. by the way, some companies might stay private for longer, think openai and spacex. morgan stanley is working hard to make private markets more liquid. jonathan: can i clarify that i don't take that much vacation. you just miss me when i'm gone. that is what it is about. if you are just joining us, wealth management revenue around 7.5 billion, the estimate was 7.3. we talked about the estimate, 2.63, and an upside surprise of trading that came in for the treating revenue in the fourth quarter. manus cranny still with us. put it together, look ahead to the rest of the year, how much better could it be? manus: there is a story, morgan stanley in terms of equity business, but they have that natural flow from the wealth management business into the equity side of the business. that is the paradigm that every ceo would like, they would like to get the synergies, and then they have a better flow. you have to

goldman sachs ceo david solomon warning that the battle is not over.ust over an hour ago. >> i think we are in a more fragile place. i am optimistic but we are in a more fragile place. there's no question that inflation has taken a toll and it has affected average consumers meaningfully. inflation is cumulative and things are more expensive. when you look at inflation, there's no question with respect to goods we have made progress. especially durable goods. services inflation is still quite high. >> let's get to sara eisen who has a special guest. >> reporter: i'm here with calvin mcdonald, the ceo of lululemon. we just did a fireside chat. it is nice to have you. >> great to be here. >> reporter: fresh off some big news. you just raise guidance for the holiday quarter. what did you see from consumers? >> we saw success and momentum in all of our markets around the world across both men's and women's, across the categories. similar to what i've been sharing the guest responded well to innovation and newness which we continue to get back to historical

we had david solomon here yesterday. now activist shareholders who are taking on these companies over their esg policies. others have taken on you. there there are folks who have gone to court. american airlines over, you know, over, over using firms like a blackrock who are looking at certain metrics like, you know, esg or other things. >> but in that case, we weren't. but i mean, that that i don't want to go to the case, but that's not even a fact. >> but but i guess my bigger question is, what should companies do as it relates to these things? >> and i'm sure both of those ceos said it. you got to stand by your clients every day. you got to be authentic every day. you got to be doing the right thing on behalf of your clients every day. and that's it. and you have to, you know, there are fringes on all sides, right? but you have to stay true to your convictions, true to your clients. i mean, despite all that noise, we talked we talked about it last week where, you know, we raised $641 billion on behalf of clients. no f

. >> david solomon's comments about going public in general and what he argues is less urgency on theart of startups to do that. >> not news to us. obviously we've been talking about this trend for years now, the ability of private companies to continue to finance themselves well into becoming more mature. data bricks is a perfect example having raised -- it's just staggering, $10 billion in new equity at the latest round. i think around 62 billion was where they put the company. a perfect example of a company that many are waiting for. perhaps it will show up at some point here at the new york stock exchange on a big day but there's no need to when you can raise that kind of sums in the so-called private market in equity and debt. >> philly fed massive gain. >> what's going on in philly? >> new orders go to the highest since november of 2021. we'll get to inventories later on. even retail sales still very strong on the control group. >> healthy, but as you say, mixed, especially because we have high hopes on retail sales, because this holiday spending season has been good. those numb

david solomon. david who was with you in washington yesterday making his way over here. we will get a lot of perspective on all of it. >> andrew, there's a huge number of people who were leaving last night or this morning on their way from here straight to davos. i think you're right to point out that the perspective from outside the united states may be sharply different from here in washington, d.c., particularly, the mood and atmosphere that has been here for last several days. we had albert bourla yesterday. he pointed out radical change. the idea of radical change is one lots of people are trying to adjust to. his perspective was there was most potential upside than downside. everyone you talked to is trying to figure out what that change is going to mean and trying to figure out how to adjust to that because that is the one thing that is certain as there is going to be massive change that comes. that's the stated intent of donald trump. he wants to change things. he wants to shake things up. even reading today in the "wall street journal" how he may have the gsa, t

sonali: david solomon as well. annmarie: up next, a softer approach on tariffs. pres. trump: we have one very big power over china and that is tariffs. they don't want them and i would rather not have to use them but it is a tremendous power over china. annmarie: he rather not have to use them. that conversation is coming up next. you are watching "bloomberg surveillance." only the servicenow platform connects every corner of your business, putting ai agents to work for people. like secret agents? no, more like autonomous minions that you control. to do what? well, jim's agents resolve simple customer issues. and patty's agents flag network problems. —proactively. —yup. i'm lovin' my agents. wait, you all have agents? oh yeah. and on the servicenow platform, everyone's agents work together so everything works better. can i have agents? maybe. ♪♪ (grunting) at morgan stanley, old school hard work meets bold new thinking. ( ♪♪ ) partnering to unlock new ideas, to create new legacies, to transform a company, industry, economy, generation. because grit and vision working i

david as well. this is something that uh, that you came from is tatiana solomon said he of support, but he has been quite unknown to miss all when he comes to the time. like i say it should have a one place i thought of a piece of process. so the mood is how to get some, what forces him malayna, just briefly take us through how controversial the issue of the route of the protest march. and the policing of this protest has been the idea now the process of taking the same route, a march through central london. and that was the route that was approved for today . but a few days ago, the metropolitan police here loves any pro several restrictions. one of them being that the marches people call cause the b b, c. the police said that this was because they wanted to avoid serious disruption. organize the prizes the that's not acceptable to them. they have managed to run this for just run this model without somebody during the months now, so they decide it is.

in addis ababa, solomon durso, founding director of amani africa, penn, african think tank that works on peace security policy and diplomacy in africa. also in gomez, david monthly, director of world visions response to the conflict in the eastern d. r. c. a warm welcome to each of you know, since we have a, we're speaking to 2 people who are in goma right now. i do want to get your feeling on the ground. reagan david is so good them, of course is the capital of north q m. 23 rebels, as we stated or 80 kilometers away, they have in the past. this was some years ago taken goma before they've shown in the past that they could do it. it's not to say they could do it today, but they have in the past. what's the feeling on the ground for you? let's throw this one to you for us. reagan? yes. on the ground its uh, every time we see an of the cd to can we ask ourselves what it needs to be? uh, but guess for, for myself its me, its people are print preoccupied people are we are. oh uh, a few things about uh, what can happen to bob. but so of final close, we can save that to peoples i received answering your mom. but we know that the situation has led a not the ec

david weiss highly anticipated report on the investigation into hunter biden. here to break it all down. very damning for joe biden. just the news.com founder and editor in chief, investigative reporter john solomon. it is devastating to joe biden. now, i know we're going to see in the next week. i would anticipate he pardons his brother. i'll go further. anthony fauci, liz cheney, bennie thompson, you might want to add to the list, but he should probably pardon himself. >> yeah, it'll be interesting to see. in all my conversations with white house officials, joe biden himself hasn't considered isn't mentioned as someone he's considering pardoning, but the others are clearly people that they're considering right now. yeah, this is a damning report. why? because it says joe biden lied to the american public when he said his son was a victim of a political persecution. now, keep in mind, who is saying this? this is the same prosecutor, david weiss, who originally gave hunter biden the sweetheart deal, which got scuttled when the irs whistleblowers came forward and told us there was political interference in the case. so this is not a, you know, a big conservative guy trying to win points on fox new