announced in a call with managing directors that he will be replaced by goldman president david solomon mr solomon's promotion had been widely expected since he became goldman's only president in march but there is no word yet on when he will formally take over . and the retail sales numbers are out for june and they rose by half a percent the figures represent spending and us stores and their websites and restaurants at the same time the may figures were adjusted upwards by half a percent from point eight percent to one point three percent and here's a look at retail details and what it what it is is well if so are most she's the c.e.o. of the stock swoosh welcome melissa we always love having you and just when we thought that things may be looking not so great these new numbers come out and the may numbers were revised upward what's your take melissa. yeah i think that was really probably part of the boost you've seen in the last couple days the rally in the market a lot of these stocks have just been a rallying rallying rallying to amazon came out with a prime day this week so there was a lot of

announced in a call with managing directors that he will be replaced by goldman president david solomon mr solomons promotion had been widely expected since he became goldman's only president in march but there is no word yet on when he will form. really take over. and the retail sales numbers are out for june and they rose by half a percent the figures represent spending in u.s. stores and their websites and restaurants at the same time the maze figures were adjusted upwards by half a percent from point eight percent to one point three percent and here's a look at retail details and what it what it is is well so are most she's the c.e.o. of the stock swoosh welcome melissa we always love having you and just when we thought that things may be looking not so great these new numbers come out and the may numbers were revised upward what's your take melissa yeah i think that was really probably part of the boost you've seen in the last couple days the rally in the market a lot of these stocks have just been a rally rally rally and amazon came out with a prime day this week so there was a lot of reasons

announced in a call with managing directors that he will be replaced by goldman president david solomon mr solomons promotion had been widely expected since he became goldman's only president in march but there is no word yet on when he will formally take over . and the retail sales numbers are out for june and they rose by half a percent the figures represent spending in u.s. stores and their websites and restaurants at the same time the may figures were adjusted upwards by half a percent from point eight percent to one point three percent and here's a look at retail details and what it what it is is well so are most she's the c.e.o. of the stock swoosh welcome melissa we always love having you and just when we thought that things may be looking not so great these new numbers come out and the may numbers were revised upward. what's your take melissa. yeah i think that was really probably part of the boost you've seen in the last couple days the rally in the market a lot of these stocks have just been a rallying rally rallying to amazon came out with a prime day this week so there was a lot of reas

mr. solomon positions the company. his tenure, by the way, is likely to be half of lloyd's. >> that's right. >> david is in his mid 50s mr. solomons in his mid 50s at this point you would imagine seven years at the helm is likely tenure at this point we'll see what he's able to do from that period of time he's a banker. >> right that's where the big margins are. >> came over in '99, i think. >> i think that -- true confessions. a lot of my friends are retiring at major firms the reason why they're retiring is because they've gotten the directive that unless you want to maintain these fabulous people in their 50s you've got to step down and let them make the big money. fortunately most of the people doing this, i talked to, are so wealthy. don't cry for me argentina, brazil, belize, you know but you end up with a situation they had no choice age lot of people said, wait a second, lloyd is at the prime. lloyd is at the prime of his life what is he doing he's making it so the other people at the prime of their life don't leave it's what happens if you don't do this. i need people -- again, it's only because of commonality. i talked

david solomon as the ceo it doesn't mean he'll ascend to that position immediately, but they'll tell us that and what date he'll take over from lloyd blankfine as the ceo not a surprise in terms of mr. solomoning ceo simply a question of timing there as to when given he was elevated to sole president, of course, of the company being out -- it was harvey -- >> yeah. it seems like there's faux intrigue here. i woke up and the "new york times" has a story like faux intrigue. >> no. it's not insignificant that mr. solomon will be running goldman sachs in the very near future. >> there are reports of succession at goldman before in march and lloyd quickly responded with a tweet saying it's the wsj's announcements not mine i feel li . >> i think he reads it more. >> i did speak to david solomon in late april. i talked about how he was changing his responsibilities as president and potentially preparing, of course, for stepping into the ceo role here is what he said. >> any responsibilities any board has. we have a very, very deep team, broad bench. i'm in the president job for 15 months so over the course of 15 months, i've had a chance to spend more time on areas in the firm where i had hadn't a