117
117
Jul 12, 2019
07/19
by
CNBC
tv
eye 117
favorite 0
quote 0
>> quality company, quality management i think goldman sachs is doinget everybody says goldman sachs >> quality company, quality management i think goldman sachs is doing everybody says goldman sachs >> quality company, quality management i think goldman sachs is doingst everybody says goldman sachs >> quality company, quality management i think goldman sachs is doing other dimension stuff that is more creative. >> so going into earnings season for the banks, goldman sachs is the top pick, is that what you're telling me? >> i'll give you that. >> i've got citi i'm playing for something north of 75 on citi. i also have american express jpmorgan i own as well i still think morgan stanley is going to do okay >> look, all of those names you mentioned march to the beat of individual drums the problem about the morgan stanley call is it looks a lot like goldman sachs they look a lot alike in what they do. so when you bring one up, immediately the other name comes to your mind and you think about which one do you want to own yes, you could own both. i don't like to. i like to have more conc
>> quality company, quality management i think goldman sachs is doinget everybody says goldman sachs >> quality company, quality management i think goldman sachs is doing everybody says goldman sachs >> quality company, quality management i think goldman sachs is doingst everybody says goldman sachs >> quality company, quality management i think goldman sachs is doing other dimension stuff that is more creative. >> so going into earnings season for the banks,...
108
108
Jul 2, 2019
07/19
by
CNBC
tv
eye 108
favorite 0
quote 0
here is the thing, one of the things i think isinteresting about goldman.t has been trading in this range since the initial ramp on the v reversal in january. it has been trading and unable to breakout. it shows relative performance due to the money setting banks, wouldn't you agree >> sure. >> at least in 2019. what i see is something different. i see the fact that morgan stanley and goldman sachs have been unable to participate with their larger money-centered peers. i think it is bearish. >> they're different banks. >> i understand. but let's go over to europe for one send and look at the euro stocks bank index. it is one of the worst charts i have ever seen. >> that's the one. >> that is the one >> that's the one. >> and when you think about what is going on with deutsche bank and you and i were talking about this, we were talking about the h2o fund, corporate bond fund. >> i like this >> he is talking about the liquidation of one of the credit fund i'm saying to myself maybe there's a reason why goldman and morgan don't act well, there's a reas reason
here is the thing, one of the things i think isinteresting about goldman.t has been trading in this range since the initial ramp on the v reversal in january. it has been trading and unable to breakout. it shows relative performance due to the money setting banks, wouldn't you agree >> sure. >> at least in 2019. what i see is something different. i see the fact that morgan stanley and goldman sachs have been unable to participate with their larger money-centered peers. i think it is...
43
43
Jul 30, 2019
07/19
by
FBC
tv
eye 43
favorite 0
quote 0
goldman also set a 3,400 price target for the s&p for the end of 2020. that's another 10% rise from current levels. so with consumer confidence hitting 18-year highs and analysts raising their market forecasts, how are investors supposed to react to a quarter point rate cut? to the floor show and our traders. guys, let me throw this into it. this caught our eye a week ago when goldman sachs, same people, also said the s&p was trading near its fair value with limited further upside, meaning the s&p wasn't going to see much more in gains. what gives here? which goldman assessment do you believe? let me get to teddy. >> i'm not sure i believe either one. but you know, we have talked about this it seems like endlessly, liz. it got a lot of smart people out there just throwing a lot of flour against the wall and if you work in the bakery long enough, sooner or later, something's going to stick. i think at the end of the day, i don't think we need goldman sachs to tell us that the markets ought to be okay when you have a fed that's in accommodative mode and yo
goldman also set a 3,400 price target for the s&p for the end of 2020. that's another 10% rise from current levels. so with consumer confidence hitting 18-year highs and analysts raising their market forecasts, how are investors supposed to react to a quarter point rate cut? to the floor show and our traders. guys, let me throw this into it. this caught our eye a week ago when goldman sachs, same people, also said the s&p was trading near its fair value with limited further upside,...
74
74
Jul 15, 2019
07/19
by
BLOOMBERG
tv
eye 74
favorite 0
quote 0
morgan and goldman tomorrow. it should be noted there equity trading missed estimates, so that is a negative ahead of the companies tomorrow. they also talked about the fact that corporate client business in the derivatives businesses holding a better. that is relatively more negative as well for goldman because the is that the institutional side is weaker, and that is the part of the client makes that is more important for goldman. vonnie: thank you. coming up, symantec and broadcom: opera proposed merger. deep dive into what happened. this is bloomberg. ♪ vonnie: this is bloomberg markets. symantec and broadcom have halted discussions for a proposed merger. the two sides could not agree on a price. it is more nuanced than that, and we will get to that now. it is not quite that they could not agree on a price but according to reporting, due diligence was looked at again and was found to be lacking and therefore broadcom try to take down the price. >> this is a darned if you do, dark if you don't. had aec has not
morgan and goldman tomorrow. it should be noted there equity trading missed estimates, so that is a negative ahead of the companies tomorrow. they also talked about the fact that corporate client business in the derivatives businesses holding a better. that is relatively more negative as well for goldman because the is that the institutional side is weaker, and that is the part of the client makes that is more important for goldman. vonnie: thank you. coming up, symantec and broadcom: opera...
232
232
Jul 16, 2019
07/19
by
FBC
tv
eye 232
favorite 0
quote 0
earnings in focus, goldman sachs just out with a double beat and goldman has raised its dividend.aising its quarterly dividend to $1.25 a share. probably giving the stock a little bit of a lift. johnson & johnson and jp morgan also out last hour, both of those companies beating expectations. jp morgan's stock is about 1 and-a-half percent lower. johnson & johnson gaining in premarket trading. wells fargo earnings out shortly. in the next hour, we will have the numbers. checking on markets, fe futurese looking for a positive open. the dow futures up 19 points at the moment. yesterday, another round of records for all three major market gauges here in the u.s. in europe, you have buying to report. gains across the board. the biggest winner at the moment, the ftse 100, up almost half of 1%. in asia overnight, mixed markets. the nikkei and shanghai lower, the reverse in hong kong and south korea. a new privacy concern, disneyland reportedly keeping tabs on its visitors and profiting from the data. the details on that. plus, the growing business of marijuana, the ceo of the company tha
earnings in focus, goldman sachs just out with a double beat and goldman has raised its dividend.aising its quarterly dividend to $1.25 a share. probably giving the stock a little bit of a lift. johnson & johnson and jp morgan also out last hour, both of those companies beating expectations. jp morgan's stock is about 1 and-a-half percent lower. johnson & johnson gaining in premarket trading. wells fargo earnings out shortly. in the next hour, we will have the numbers. checking on...
84
84
Jul 22, 2019
07/19
by
CNBC
tv
eye 84
favorite 0
quote 0
goldman flat for five years.n the last six weeks gone through the roof >> three reasons one is you got recession risks that have gone up. two rates that have been trending lower third reason is if you look at ten year real yields gone from 1.2 to 25 basis points so overall i think it doesn't cost you a lot to own gold as rates go lower it helps diversification helps portfolios since march 2009 s&p is up 400%. gold superlike 50% gdx is down 10%. i think the risk board is attractive >> gold has been crummy for five years. now suddenly taken off tremendously is there some reason to think -- >> they got their act together we had this sustained market in gold miner stocks. they closed underperforming assets and do industconsolidati. either gld is a good way to play >> you had an interesting take on owning gold directly. but you like it different a competing fund, bar. why do you like them >> it comes down to cost these funds tickle bar and stick ethical in a bulk. gdb turned 40 basis points bar cheapest for the exact
goldman flat for five years.n the last six weeks gone through the roof >> three reasons one is you got recession risks that have gone up. two rates that have been trending lower third reason is if you look at ten year real yields gone from 1.2 to 25 basis points so overall i think it doesn't cost you a lot to own gold as rates go lower it helps diversification helps portfolios since march 2009 s&p is up 400%. gold superlike 50% gdx is down 10%. i think the risk board is attractive...
149
149
Jul 16, 2019
07/19
by
CNBC
tv
eye 149
favorite 0
quote 0
we've heard from goldman pmorgao j.p.e down even though it beat on the top and bottom line. part is concern for future fed, rate cuts and what that would mean rick santelli is standing by at the cme in chicago rick, take it away. >> reporter: a litany of data points import prices for the month of june down .9 that's a bit more than down half a percent to down .6 expecting strip out petroleum, down .4 that's also double what we were expecting. year over year down 2% that's actually on the light side but sequentially follows minus 1.1. let's look at the other side export prices. export price month over month down .7. year over year down 1.6. so all these numbers are bigger drops and maybe they go to the notion of how disinflationary pressure seems to be accompanying many of these trade infractions. the money ball number, retail sales for the month of june, up .4 double expectations. strip out autos, guess what, still outperforming .4 strip out autos and gags, up .7. if we look at the control number, up .7. that's a whopper
we've heard from goldman pmorgao j.p.e down even though it beat on the top and bottom line. part is concern for future fed, rate cuts and what that would mean rick santelli is standing by at the cme in chicago rick, take it away. >> reporter: a litany of data points import prices for the month of june down .9 that's a bit more than down half a percent to down .6 expecting strip out petroleum, down .4 that's also double what we were expecting. year over year down 2% that's actually on the...
82
82
Jul 16, 2019
07/19
by
BLOOMBERG
tv
eye 82
favorite 0
quote 0
goldman doing much better there. if you look over time, it is always goldman, j.p. morgan stanley generally at the top. these tend to be bigger than the other companies, and that is from getting leading roles on deals. lisa: the other thing that is interesting is they are investing -- is the investing and lending unit was also a big driver of profitability this quarter. they talked about how investing and lending was up 16%. this is where they invest their own principal rather than just helping expedite deals into the market, but interesting to see how that unit is the second-biggest revenue earner among the divisions right now. have they been expending that? alison: yes, and i think that's where we got the big surprise this quarter. investors tend to discount that a little more than other segments because it tends to be lumpy and volatile and not as much of a recurring revenue source. the other interesting thing is the extent to which people are really focused on the interest margins. that's less of a factor to goldman right now, but we will want to hear more about
goldman doing much better there. if you look over time, it is always goldman, j.p. morgan stanley generally at the top. these tend to be bigger than the other companies, and that is from getting leading roles on deals. lisa: the other thing that is interesting is they are investing -- is the investing and lending unit was also a big driver of profitability this quarter. they talked about how investing and lending was up 16%. this is where they invest their own principal rather than just helping...
81
81
Jul 17, 2019
07/19
by
BLOOMBERG
tv
eye 81
favorite 0
quote 1
let's start with goldman sachs.there, goldman is the smallest in terms of its consumer business. it has the best equity trading revenue. that was really a surprise here. goldman's trading unit is the washt spot in that revenue 2.4 8 billion. the second-highest quarter in four years. for goldman in general, eps was $5.81 per share. that beats the estimate of $4.93. the ceo says he remains confident or optimistic on the global outlook but he actually talked about the resiliency of the global market. call,o was also on the talking about the investment banking revenue beat estimates. they believe there's a strong pipeline and they are ramping up their consumer business. you'll note that the stoxx -- stock for goldman was up 29% at the most recent close. that's also a positive. , the bankn chase lowering its net interest income forecasts by 500 million. the ceo morning -- warning that the rate cut will have an impact on second-half interest income. to theings an end three-year streak of quarterly increases in their inter
let's start with goldman sachs.there, goldman is the smallest in terms of its consumer business. it has the best equity trading revenue. that was really a surprise here. goldman's trading unit is the washt spot in that revenue 2.4 8 billion. the second-highest quarter in four years. for goldman in general, eps was $5.81 per share. that beats the estimate of $4.93. the ceo says he remains confident or optimistic on the global outlook but he actually talked about the resiliency of the global...
38
38
tv
eye 38
favorite 0
quote 0
better than expected quarterly earnings although other indicators on central investors its rival goldman sachs saw a dip in its profits but they still exceeded analysts expectations. goldman sachs results were boosted by strong growth and its equities and lending divisions of the revenue slipped by 2 percent year on year. net income also declined even though the bank still posted solid profits of $2200000000.00 for the 3 month period j.p. morgan chase said revenue in its retail bank division surged by 11 percent but investors were concerned about slower loan growth tighter lending margins and soft capital market results net income still exceeded 9200000000 well ahead of expectations. the bank's c.e.o. jamie dimon said positive momentum in the u.s. economy was helping the banking sector but he pointed to geo political uncertainties as a reason for the dips and the banks market driven business. the results are broadly in line with the robust growth the us economy continues to enjoy at the end of july it would have grown from 121 consecutive months the longest hot streak since records began
better than expected quarterly earnings although other indicators on central investors its rival goldman sachs saw a dip in its profits but they still exceeded analysts expectations. goldman sachs results were boosted by strong growth and its equities and lending divisions of the revenue slipped by 2 percent year on year. net income also declined even though the bank still posted solid profits of $2200000000.00 for the 3 month period j.p. morgan chase said revenue in its retail bank division...
141
141
Jul 16, 2019
07/19
by
CNBC
tv
eye 141
favorite 0
quote 0
jpmorgan chase, goldman sachs, wells fargo.us lly the reason th stock is down they lowered their nim forecast by $500 million. >> sometimes you look at a quarter and you say, please, please, give me a highlight. look, the efficiency ratio was good but when i look at what the other banks have done, i understand that jpmorgan is good, just not shoot the lights out. i don't think when i look line by line, look, you got some good numbers here you have the consumer community banking this line about the -- just the consumer itself, these guys are coining money they're not coining money as i would like it because of net interest margin. i'm fine with it david, do you think i should be more excited than fine with it >> no, not more excited than fine the conference call has begun. as you might have expected, new cfo, by the way, focus on -- taking over from marion lake, running the consumer business now. >> yes >> first quarter, our guidance was $58 billion. talking here about net interest income and net interest margin again. and some
jpmorgan chase, goldman sachs, wells fargo.us lly the reason th stock is down they lowered their nim forecast by $500 million. >> sometimes you look at a quarter and you say, please, please, give me a highlight. look, the efficiency ratio was good but when i look at what the other banks have done, i understand that jpmorgan is good, just not shoot the lights out. i don't think when i look line by line, look, you got some good numbers here you have the consumer community banking this line...
164
164
Jul 10, 2019
07/19
by
CNBC
tv
eye 164
favorite 0
quote 0
stock will be up goldman still goldman.his is not a team that -- >> the most -- >> a lot of co-managers listen to closely. >> like you spent -- you were -- goldman is still goldman. >> a keen sense for the obvious. >> yes >> cramer as mad dash coming next opening bell and we're close to powell on the hill futures still getting a bounce from the techs to that statement, released almost an hour ago back in a moment ♪ >>> we got about six and a half or so minutes until we get started with trading what jim and i like to call hump day, the middle of the week. fedex has gotten your attention for the mad dash. >> david, in honor of your profound statement that goldman is still goldman, i want to point out that they upgraded fedex today. it is initiating coverage. it is not just a buy like comcast, parent company of this network, it is conviction so that means i guess if it is a buy, it might lack conviction. no this is a conviction if you look at the chart of this thing, i think you see -- this is one of the worst stocks out there
stock will be up goldman still goldman.his is not a team that -- >> the most -- >> a lot of co-managers listen to closely. >> like you spent -- you were -- goldman is still goldman. >> a keen sense for the obvious. >> yes >> cramer as mad dash coming next opening bell and we're close to powell on the hill futures still getting a bounce from the techs to that statement, released almost an hour ago back in a moment ♪ >>> we got about six and a half...
24
24
tv
eye 24
favorite 0
quote 0
morgan chase and goldman sachs profits in the 1st 3 months but some of the results disappointed investors and they underline the uncertainties there looming over wall street. the growth of the u.s. economy continues to confound expectations and choose to some of the country's biggest banks reported mostly strong 2nd quarter results covering the period from april to june j.p. morgan chase by total assets the biggest bank in the u.s. better than expected quarterly earnings although other indicators on center of investors its rival goldman sachs saw a dip in its profits but they still exceeded analysts expectations. goldman sachs results were boosted by strong growth and its equities and lending divisions although revenues slipped by 2 percent year on year. net income also declined even though the bank still posted solid profits of $2200000000.00 for the 3 month period j.p. morgan chase said revenue in its retail bank division surged by 11 percent but investors were concerned about slower loan growth tighter lending margins and soft capital market results net income still exceeded 9200000000
morgan chase and goldman sachs profits in the 1st 3 months but some of the results disappointed investors and they underline the uncertainties there looming over wall street. the growth of the u.s. economy continues to confound expectations and choose to some of the country's biggest banks reported mostly strong 2nd quarter results covering the period from april to june j.p. morgan chase by total assets the biggest bank in the u.s. better than expected quarterly earnings although other...
80
80
Jul 17, 2019
07/19
by
BLOOMBERG
tv
eye 80
favorite 0
quote 0
goldman also saying in their a positive for that company. as far as the other banks, another piece of news we are getting is related to the stress capital buffer. it relates to a proposal around capital roles, and future payouts for the banks. goldman talking a little bit about where they think they are ratio will come out. they are above that now. bank of america today basically, it is not going to change its hurdle. i think that is a positive. shery: allison, thank you so much for that. allison williams of bloomberg intelligence. up next, netflix said to release its quarter earnings -- second-quarter earnings after the bell. what some investors are looking for in the numbers. this is bloomberg. ♪ berg. ♪ amber: this is bloomberg markets. i'm amber kammer in toronto. ahn inand i'm sherry new york. elon musk has unveiled his latest project, implanting patients with electric that would allow them to work commuters with just their mind. founded in 2017 but very secretive, neurolink has just had their first demonstration. ours watch more with r
goldman also saying in their a positive for that company. as far as the other banks, another piece of news we are getting is related to the stress capital buffer. it relates to a proposal around capital roles, and future payouts for the banks. goldman talking a little bit about where they think they are ratio will come out. they are above that now. bank of america today basically, it is not going to change its hurdle. i think that is a positive. shery: allison, thank you so much for that....
125
125
Jul 17, 2019
07/19
by
CNBC
tv
eye 125
favorite 0
quote 0
another morning of minimal premarket volatility as earnings roll on with b of a, csx, goldman cut leagueg retai sell yields do drop as housing starts fall for a second month. road map begins with big techs international head winds amazon, the latest in the eu cross hairs, facing a probe over possible anti-competitive business practices. >> plus, ralph lauren and le le strauss in the red, both downgraded to sell at goldman sachs. >> and a tariff fueled strategy shift. apple reportedly set to begin trial production of air pods outside of china and into vietnam. another case of big tech under international scrutiny amazon facing a formal eu antitrust investigation into its dealings with third party merchants. european competition commissioner margaret says based on the commission's preliminary fact finding, amazon appears to use competitively sensitive information about marketplace sellers, products and transactions on the marketplace and response amazon issued a statement saying, quote, we will cooperate fully with the european commission and continue working hard to support businesses of
another morning of minimal premarket volatility as earnings roll on with b of a, csx, goldman cut leagueg retai sell yields do drop as housing starts fall for a second month. road map begins with big techs international head winds amazon, the latest in the eu cross hairs, facing a probe over possible anti-competitive business practices. >> plus, ralph lauren and le le strauss in the red, both downgraded to sell at goldman sachs. >> and a tariff fueled strategy shift. apple...
73
73
Jul 16, 2019
07/19
by
CNBC
tv
eye 73
favorite 0
quote 0
how are you thinking about the other name reporting, goldman sachs.hey have been embroiled in this malaysia scandal >> yes for us at goldman sachs, the malaysian scandal is front and center we'll listen for how many billions of dollar also it cost the bank to settle will the bank take a charge in the current quarter for the costs, and we know they're conducting a strategic review. we know goldman has a lot of headlines for their investments in the consumer space, expanding markets into wealth management or the apple card that will launch in the next few months. so we'll listen on how big those initiatives may turn out to be >> finally i want to ask about jpmorgan the other bank posting results later today. they are perceived to be the crown jewel amongst the u.s. investment banks can we expect any negative surprises out of earnings later this afternoon >> we are shareholders of jpmorgan we agree with your characterization we think they're a crown jewel they've been a consistent market share gainer they are creating opportunity and have a deep manageme
how are you thinking about the other name reporting, goldman sachs.hey have been embroiled in this malaysia scandal >> yes for us at goldman sachs, the malaysian scandal is front and center we'll listen for how many billions of dollar also it cost the bank to settle will the bank take a charge in the current quarter for the costs, and we know they're conducting a strategic review. we know goldman has a lot of headlines for their investments in the consumer space, expanding markets into...
92
92
Jul 29, 2019
07/19
by
CNBC
tv
eye 92
favorite 0
quote 0
kick off the busiest earnings week of the season later food for thought the one part of the market goldman sachs is bullish on. beyond meat down big let's get more on beyond's quarter. >> beyond meat shares taking a dive as you mentioned after the company announced a secondary share offering shares slip more than 11% after the company made that announcement a secondary offering of 3.25 million shares which increases its float. that could boost short seller interest in the stock which prior to earnings was a 16% of the float. keep in mind that number itself was a bit inflated because the company is still in its lockup period the company mentioned on the call it can't comment on the secondary offering due to regulatory requirements. beyond's worst to date was on june 11th when it lost more than 25%. the stock is still up a little less than 700% since its i.p.o many analysts were focussed on the company's top line growth. beyond attributes its top line beat to a number of factors, including new partners and increased demand from existing partners >> we are using our advantage to drive, contin
kick off the busiest earnings week of the season later food for thought the one part of the market goldman sachs is bullish on. beyond meat down big let's get more on beyond's quarter. >> beyond meat shares taking a dive as you mentioned after the company announced a secondary share offering shares slip more than 11% after the company made that announcement a secondary offering of 3.25 million shares which increases its float. that could boost short seller interest in the stock which...
48
48
Jul 22, 2019
07/19
by
BLOOMBERG
tv
eye 48
favorite 0
quote 0
bustedttle brewing ovary goldman sachs bond deal.s were channeled to a cluster of airlines connected to and head airways. now, a group of creditors have reverted to hiring private detectives. ourmore, we welcome bloomberg finance reporter. give us a sense of what the issue at stake is here. >> the main issue is that people but something that is now trading at $.40 on the dollar. they need to figure out how they can maximize a recovery, maximize something that has cratered in value. ,hat they have resorted to conventional, perhaps aggressive, hiring a private intelligence firm not only to look at the borrowers but also have them raise that money. that is why the story seems so interesting to us. was ane: this award-winning deal because it was so creative. >> let's look at what the deal was. eddie had airways, a well-known airways, a well-known regional player wanting to be global. it bought up stake in several other airlines. but those airlines by themselves were not in great financial health, so they created a special vehicle so they
bustedttle brewing ovary goldman sachs bond deal.s were channeled to a cluster of airlines connected to and head airways. now, a group of creditors have reverted to hiring private detectives. ourmore, we welcome bloomberg finance reporter. give us a sense of what the issue at stake is here. >> the main issue is that people but something that is now trading at $.40 on the dollar. they need to figure out how they can maximize a recovery, maximize something that has cratered in value. ,hat...
294
294
Jul 17, 2019
07/19
by
KQED
tv
eye 294
favorite 0
quote 0
parker hanna fin was downgraded from sell t neutral at goldman sachs.innalyst sites a slow the industrial sector. the price target is $150. now, despite the downgrade the stock rose 2% to 171.04 >>> and sti ahead, in the hot seat. lawmakers come down hard on a sector thael hasd drive this market higher. ♪ ♪ ♪ >>> and it was a rough day for big tech on capitol hill. facebook, google, amazon and apple all found themes the target of lawmakers who, as you know, arehe increasing pressure on some of the nation's most prominent companies. ylan mui was there. >> reporter:irst up was facebook testifying before the senate banking committee on its new cryptocurrency called libra. senators on both sides of the f aisle pressebook on how it would, would, who would regulate it and how facebook planseyo make m from it. republican senator john kennedy accused facebook of trying to control the money supply while democratic senator brown compared the company to a toddler playing with matches. but ultimately, lawmakers said their concerns come down trust. >> trust is somet
parker hanna fin was downgraded from sell t neutral at goldman sachs.innalyst sites a slow the industrial sector. the price target is $150. now, despite the downgrade the stock rose 2% to 171.04 >>> and sti ahead, in the hot seat. lawmakers come down hard on a sector thael hasd drive this market higher. ♪ ♪ ♪ >>> and it was a rough day for big tech on capitol hill. facebook, google, amazon and apple all found themes the target of lawmakers who, as you know, arehe...
63
63
Jul 16, 2019
07/19
by
BLOOMBERG
tv
eye 63
favorite 0
quote 0
goldman sachs revenue bucks wall street trend.hery: later in bloomberg technology global link, we will be talking about the showdowns in washington facing silicon valley. let's get a quick check of how the markets closed in the u.s. regulatory scrutiny in congress being felt across the market as tech stocks underperformed in today's session with the s&p 500 now holding the five-day rally. we had president trump's comments on tariffs dampening sentiments as well. tech giants took a hit. we had energy producers leading some of those declines as we continue to see the selloff in oil markets. we had u.s. bank earnings. they little bit mixed. goldman sachs managed to jump after beating the unit. we had some strong data out of the u.s. when it came to retail sales. that sent yields higher but at the same time, chair powell speaking in france about taking appropriate measures to deal with the economy. that led to the yield level being paired back a little bit. u.s. futures not doing much at the moment but let's see how we are setting up
goldman sachs revenue bucks wall street trend.hery: later in bloomberg technology global link, we will be talking about the showdowns in washington facing silicon valley. let's get a quick check of how the markets closed in the u.s. regulatory scrutiny in congress being felt across the market as tech stocks underperformed in today's session with the s&p 500 now holding the five-day rally. we had president trump's comments on tariffs dampening sentiments as well. tech giants took a hit. we...
93
93
Jul 31, 2019
07/19
by
BLOOMBERG
tv
eye 93
favorite 0
quote 0
alix: with us still is mike's well, goldman sachs asset ,anagement -- is mike swell goldman sachs asseth is pretty g china, though, different story. how do you see it? the forecasts of the rollover of the u.s. economy are way overdone. i think the treasury market as well is basically pricing in a significant slowdown or rollover in the u.s. economy and significant that activity. i think we are likely to be very surprised, so i think the u.s. economy is fine. i think the china issues in the trade issues senator portman talked about our one, very complicated. from a macro perspective, completely changing your investment pieces in the u.s. is a very tough thing to do. the fundamentals of the u.s. economy are strong enough. there are sectors of the economy impacted by china more so than others. when you look at earnings, earnings have been very good, but the forecast from a lot of companies from an investment standpoint, as well as sales, we seen about 70% or so of companies report, and you've heard the word sluggish in terms of growth from a lot of companies, more so than we've heard in a
alix: with us still is mike's well, goldman sachs asset ,anagement -- is mike swell goldman sachs asseth is pretty g china, though, different story. how do you see it? the forecasts of the rollover of the u.s. economy are way overdone. i think the treasury market as well is basically pricing in a significant slowdown or rollover in the u.s. economy and significant that activity. i think we are likely to be very surprised, so i think the u.s. economy is fine. i think the china issues in the...
147
147
Jul 12, 2019
07/19
by
BLOOMBERG
tv
eye 147
favorite 0
quote 0
goldman joining the warning on u.s. fx intervention.he latest note saying action to weaken the dollar is a low but rising risk. trade weighted dollar index is approaching an all-time high, so you can ask yourself whether president trump has a point of my question to you is how much of a risk is this actually? it is not going to be easy for the u.s. can unilaterally intervene in the dollar, is it? janet: it is very difficult. the dovish fed hasn't done much to the dollar and how much can the fed possibly cut interest rates to help with the dollar depreciation? and may have to reset qe the fiscal stimulus they are doing actually increased the budget deficit which should be dollar negative in the longer run. is really not a lot of leverage they can pull in order to depress the dollar and i think it is a dangerous act because what we see could be the start of the currency war with ese orro falling, the chin asian currencies and if the u.s. joins in, it will really depress market sentiment. nejra: and it is interesting because in this commen
goldman joining the warning on u.s. fx intervention.he latest note saying action to weaken the dollar is a low but rising risk. trade weighted dollar index is approaching an all-time high, so you can ask yourself whether president trump has a point of my question to you is how much of a risk is this actually? it is not going to be easy for the u.s. can unilaterally intervene in the dollar, is it? janet: it is very difficult. the dovish fed hasn't done much to the dollar and how much can the fed...
43
43
Jul 14, 2019
07/19
by
BLOOMBERG
tv
eye 43
favorite 0
quote 0
for goldman, they have been able to survive the 1mdb scandal.t,test have to stay on -- the bank has signaled it will increase its dividend and j.p. morgan chase is expected to deliver $28.8 billion in revenue. stay tuned. tuned areall stay plenty to watch for on the earnings front this week. -- we will stay tuned. tornado watch for on the earnings front this week. -- plenty to watch for on the earnings front this week. china gdp and industrial production, a lot of data. i want to start you off right this chart. all those lines are pointing down. is this the trade war affect? >> you can say the length of time those indicators are going down, it has been fairly consistent, slow but steady. with 6.2,to see that 6.3. on top of last week's trade data which shows imports a little bit worse than they had previously, export -- all of those factors see more stimulus measures through easing. it is really the transition mechanism for having to get it done. we are expecting these results to continue to be leading the pboc. paul: things have been cooling off
for goldman, they have been able to survive the 1mdb scandal.t,test have to stay on -- the bank has signaled it will increase its dividend and j.p. morgan chase is expected to deliver $28.8 billion in revenue. stay tuned. tuned areall stay plenty to watch for on the earnings front this week. -- we will stay tuned. tornado watch for on the earnings front this week. -- plenty to watch for on the earnings front this week. china gdp and industrial production, a lot of data. i want to start you off...
60
60
Jul 16, 2019
07/19
by
BLOOMBERG
tv
eye 60
favorite 0
quote 0
goldman sachs is a different story. the equity trading revenue for that business coming through and that is what investors are happy to see, as well as better fees. vonnie: there is volume and there is rates. what is the outlook for volume when it comes to revenue growth? alison: on the volume side of things, we are continuing to see deposit growth. we see some pickup and deposit cost. that was concern yesterday with citigroup. , healthy growth we saw today at jpmorgan, on the loan side of things, that is something we are looking for in the outlook. the consumer continues to be healthy in the u.s. on the corporate side of things. from the investment banks, we are hearing sentiment is resilient. we are hearing in general a positive tone. the question is will we see the execution, will we see the execution come through and will we see the execution in terms of loan growth in the second half. vonnie: we did see looser restrictions this quarter impact the result. where did that happen most and what did banks due to take adv
goldman sachs is a different story. the equity trading revenue for that business coming through and that is what investors are happy to see, as well as better fees. vonnie: there is volume and there is rates. what is the outlook for volume when it comes to revenue growth? alison: on the volume side of things, we are continuing to see deposit growth. we see some pickup and deposit cost. that was concern yesterday with citigroup. , healthy growth we saw today at jpmorgan, on the loan side of...
73
73
Jul 16, 2019
07/19
by
BLOOMBERG
tv
eye 73
favorite 0
quote 0
goldman sachs jumping after the beat on their trading revenue. pretty solid bailout when it came to u.s. retail sales in june. let's see how we are setting up for asia. sophie: this wednesday, asian futures are pointing lower while stocks and wellington are not budging too much after a two-day decline. a rise in iron ore output. korean chip related stocks on view on reports that they are testing hydrogen fluoride from other countries. crypto related players are in focus with bitcoin sliding below $10,000. a made increasingly pessimistic views, we will hear from a chinese heavyweight as well as a company in india. offshore yuan this morning is holding overnight losses after pushing above the 6.88 handle. of course in the face of a stronger greenback. i want to highlight the child theng -- li keqiang saying economy is facing more downward pressure despite the upbeat data. paul. paul: thanks very much. let's check in on the first word news with ritika gupta in new york. ritika: fed chairman jerome powell says the central bank is always monitoring an
goldman sachs jumping after the beat on their trading revenue. pretty solid bailout when it came to u.s. retail sales in june. let's see how we are setting up for asia. sophie: this wednesday, asian futures are pointing lower while stocks and wellington are not budging too much after a two-day decline. a rise in iron ore output. korean chip related stocks on view on reports that they are testing hydrogen fluoride from other countries. crypto related players are in focus with bitcoin sliding...
79
79
Jul 12, 2019
07/19
by
BLOOMBERG
tv
eye 79
favorite 0
quote 0
coming up, we are going to see goldman sachs looking like kkr and kkr looking like goldman sachs.apital founder and senior partner in the last installment in this week's banking on change. bloomberg users can interact with the charts shown on gtv . catch up on the analysis and save charts for future reference. this is bloomberg. ♪ viviana: i am viviana hurtado in the hewlett-packard enterprise greenroom. coming up on "balance of power," ken: jelly come eu is immigration -- u.s. immigration acting director. this is bloomberg daybreak. here's your bloomberg business flash. shipments of personal computers rose 1.5% in the second quarter. businesses upgrading to the latest windows software from microsoft will be increased. group holds the top spot again -- above hp. eric lindblad is retiring after only a year in the job. he has been dealing with the aftermath of the fatal crashes max.e 737 his replacement has been in charge of developing a mid ranged jet. to each a bank is reportedly giving reduced severance to hundreds of staff in london. the bank is trying to limit the cost of t
coming up, we are going to see goldman sachs looking like kkr and kkr looking like goldman sachs.apital founder and senior partner in the last installment in this week's banking on change. bloomberg users can interact with the charts shown on gtv . catch up on the analysis and save charts for future reference. this is bloomberg. ♪ viviana: i am viviana hurtado in the hewlett-packard enterprise greenroom. coming up on "balance of power," ken: jelly come eu is immigration -- u.s....
175
175
Jul 16, 2019
07/19
by
CNBC
tv
eye 175
favorite 0
quote 0
goldman sachs, p mojpmorgan's m slightly flat. yet all beaten on top and bottom lines. does really show how difficult the setup is this earnings season. and when we thought that expectations had come down >> certainly thought sgeskt t s expectations were done for the quarter. but it has been a whip saw in terms of thesis on banks shouldn't necessarily be the determining factor of what the companies are worth, but it shows you that cheap stocks are not works just because they are xheep. it has to be kind of cheap with a catalyst, cheap with the transformation and so far not getting traction. yields have been subotubborn. >> dave is what is your top pick >> i still think jpmorgan and goldman is the best. they can invest in the businesses that they need to be competitive in so i think the issue is really an industry in transition from always lending money to trying to become fee based and i think they have the number and the vision, you just need to stay with it and work through the fact that they will have lending margin issue, maybe credit issue, maybe not but end of the
goldman sachs, p mojpmorgan's m slightly flat. yet all beaten on top and bottom lines. does really show how difficult the setup is this earnings season. and when we thought that expectations had come down >> certainly thought sgeskt t s expectations were done for the quarter. but it has been a whip saw in terms of thesis on banks shouldn't necessarily be the determining factor of what the companies are worth, but it shows you that cheap stocks are not works just because they are xheep. it...
103
103
Jul 16, 2019
07/19
by
BLOOMBERG
tv
eye 103
favorite 0
quote 0
jp morgan and goldman sachs will be reporting.will also hear from jerome powell later on, and u.s. retail sales, a headline grabber. as we look at the other side of the gmm, we are a little muted in terms of appetite but we seem to have an appetite for fixed income. certainly we have some sovereign bonds on the right, australia and new zealand in particular. let's just mention iron ore. some of our colleagues are talking about how we may need to watch out for those mining stocks in london when they open up because of what we saw in production particularly on the dalian exchange. rio tinto looks interesting. >> let's get into the markets with mark cudmore, are bloomberg mliv managing editor in singapore. mark, what are you focused on? is it all about bank earnings this week, or are we still all looking at what central banks around the world are doing? of peoples like a lot aren't looking at anything to do with markets, they've gone on holiday. this is the actually the third session, third-most stable session for futures this year.
jp morgan and goldman sachs will be reporting.will also hear from jerome powell later on, and u.s. retail sales, a headline grabber. as we look at the other side of the gmm, we are a little muted in terms of appetite but we seem to have an appetite for fixed income. certainly we have some sovereign bonds on the right, australia and new zealand in particular. let's just mention iron ore. some of our colleagues are talking about how we may need to watch out for those mining stocks in london when...
74
74
Jul 19, 2019
07/19
by
BLOOMBERG
tv
eye 74
favorite 0
quote 0
goldman sachs reported a 14% drop in equity trading revenue.hat is the steepest amongst wall street banks. but for all of them, it has been a tough quarter. that, the banks cap setting records. they do it every quarter, it seems. this time, they managed to crack $30 billion in quarterly earnings. but that did little to soothe investor concerns. we heard from a lot of executives that warned about tough times ahead, and that is especially true given the geopolitical risks coming up. speaking of things in the future, they were also warning of a challenging a rate environment. all four of the commercial banks missed income estimates and mostly set the bar lower. and the fed has not even announced those rate cuts yet. clients are also getting more cautious and they are driving down market activity. so trading revenue as a whole fell 8%. that is the fourth consecutive decline. goldman was the only one that saw an increase in a trading. -- in equity trading. but there was one consistent weak spot, the u.s. consumer. givens especially telling where we
goldman sachs reported a 14% drop in equity trading revenue.hat is the steepest amongst wall street banks. but for all of them, it has been a tough quarter. that, the banks cap setting records. they do it every quarter, it seems. this time, they managed to crack $30 billion in quarterly earnings. but that did little to soothe investor concerns. we heard from a lot of executives that warned about tough times ahead, and that is especially true given the geopolitical risks coming up. speaking of...
174
174
Jul 16, 2019
07/19
by
CNBC
tv
eye 174
favorite 0
quote 0
goldman sees limited opportunity for earnings growth in north america.icting 7% down side for the stock over the course of the next 12 months the stock now in extended trading down 4%. >>> let's turn back to the broader markets with the dow, the nasdaq and the s&p 500 all sitting at record highs. joining me right now is ed campbell, senior portfolio manager of global multi asset solutions at qma is this a market at record highs where investors should be adding to positions or thinking about trimming them? >> well, we've been trimming i think the market will probably go through a bit of a tough phase here over the summer months it's been exhilarating we're up 20% year to date but we think the market has gotten ahead of itself here our market sentiment indicator is signaling some level of exuberance here. we think we could have a pull back economic and earnings growth has slowed to a crawl. we're not bearish. i don't think we reached the cycle highs in risk assets, just more of a digestion phase here >> there was a great chart from spoke investment group t
goldman sees limited opportunity for earnings growth in north america.icting 7% down side for the stock over the course of the next 12 months the stock now in extended trading down 4%. >>> let's turn back to the broader markets with the dow, the nasdaq and the s&p 500 all sitting at record highs. joining me right now is ed campbell, senior portfolio manager of global multi asset solutions at qma is this a market at record highs where investors should be adding to positions or...
29
29
tv
eye 29
favorite 0
quote 0
morgan earned 6200000000 euros in equity sales goldman sachs 6800000000 and morgan stanley 7.9 in other words georgia was pretty far behind now wants to focus on managing financial transactions 1st big corporate clients especially german ones and that's the global transaction banking you see there and unions back home welcome the move because it means more job security for them in fact the head of germany's the b.v. union chief called it the right direction. so german employees breathe a sigh of relief but can do it your bank thrive again by focusing on the domestic market now for more on that let's talk with our financial correspondent in new york jose luis de haro jose could have you with us do investors really believe that this restructuring plan from georgia can actually work. time will tell stephen but some investors are indeed referring to a plan as too ambitious and too optimistic according to analysts it's important to have in mind some of the challenges ahead for didn't plan to be successful i'm on dam the absence of a high return platform which could guarantee higher profitabi
morgan earned 6200000000 euros in equity sales goldman sachs 6800000000 and morgan stanley 7.9 in other words georgia was pretty far behind now wants to focus on managing financial transactions 1st big corporate clients especially german ones and that's the global transaction banking you see there and unions back home welcome the move because it means more job security for them in fact the head of germany's the b.v. union chief called it the right direction. so german employees breathe a sigh...
188
188
Jul 17, 2019
07/19
by
CNBC
tv
eye 188
favorite 0
quote 0
in april, goldman sachs, good analyst downgraded the stock to a sell and then a couple of weeks laterhitch happy hour could be over for boston beer stock once again, when boston beer reported later that same month, they shot the lights out the company literally doubled wall street's earnings making over $2. analysts take for a buck even though management left the full year guidance unchanged it was fafwas phenomenal dave really focused on truly he said truly continues to grow beyond our expectations. all right? we're expanding distribution across all channels and improving our position as a leader in hard selzer. it was a very bullish story, so bullish when the other big innovator constellation brands reported, management was peppered over and over with questions when they will launch their spiked selzer. in response to stock quickly spiked back to $320, look at this, a lot of guys calling the top right here and $320 and keep running when the market rolled over in may. earlier this week, boston beer broke out above $400 look at this, will you this is incredible move. all right. pull b
in april, goldman sachs, good analyst downgraded the stock to a sell and then a couple of weeks laterhitch happy hour could be over for boston beer stock once again, when boston beer reported later that same month, they shot the lights out the company literally doubled wall street's earnings making over $2. analysts take for a buck even though management left the full year guidance unchanged it was fafwas phenomenal dave really focused on truly he said truly continues to grow beyond our...
46
46
Jul 15, 2019
07/19
by
BLOOMBERG
tv
eye 46
favorite 0
quote 0
has goldman able to capitalize on that volatility?hery: tell us a little bit about what we saw in terms of city and trying to improve efficiency. this will be a key issue for many banks going forward. what are they doing in terms of cost-cutting? lananh: citi made a huge point to talk about cost cuts because that is something that has disappointed investors and analysts in the past. they hammered on with this point and they have made some progress. analysts did give them credit for improving in terms of cost cuts. this will be key across all the banks. as we head into potentially a rate cutting environment, everyone is going to be asked about cost cuts. everyone is going to be scrutinized on the cost-cutting points. nguyen,l right, lananh thank you for joining us. still to come, facebook's proposed libra cryptocurrency gets slammed again, this time by steven mnuchin. shery: next, wells fargo margaret patel says markets will continue to surprise on the upside. we will hear why just ahead. this is bloomberg. ♪ paul: i am paul allen in s
has goldman able to capitalize on that volatility?hery: tell us a little bit about what we saw in terms of city and trying to improve efficiency. this will be a key issue for many banks going forward. what are they doing in terms of cost-cutting? lananh: citi made a huge point to talk about cost cuts because that is something that has disappointed investors and analysts in the past. they hammered on with this point and they have made some progress. analysts did give them credit for improving in...
102
102
Jul 16, 2019
07/19
by
BLOOMBERG
tv
eye 102
favorite 0
quote 0
other than results for goldman sachs, j.p.acebook's proposed digital currency libra will be discussed when the senate banking committee meets. stephen has called it a national security issue. according to a flash on the terminal, germany sees the currency as a risk for the euro. they are writing about it the papers in germany. that's not all. the house financial services committee will convene to grill representatives from facebook, google, amazon and apple as part of the ongoing antitrust investigation in the world's largest technology companies. if you're traveling to work, tune into the team on bloomberg radio live on your mobile device or dab digital radio in the london area. this is bloomberg. ♪ ♪ this is bloomberg daybreak: europe. i'm nejra cehic in london. manus: i am many scrawny -- manus cranny, in dubai. debra mao is in hong kong with the newsflash. debra: blackstone is nearing a deal for crh's european distribution arm. the buyout firm beat other bidders, including bain capital and lone star funds. the purchase cou
other than results for goldman sachs, j.p.acebook's proposed digital currency libra will be discussed when the senate banking committee meets. stephen has called it a national security issue. according to a flash on the terminal, germany sees the currency as a risk for the euro. they are writing about it the papers in germany. that's not all. the house financial services committee will convene to grill representatives from facebook, google, amazon and apple as part of the ongoing antitrust...
132
132
Jul 11, 2019
07/19
by
BLOOMBERG
tv
eye 132
favorite 0
quote 1
investigators have spent years looking at goldman sachs' involvement.examining a former goldman executive who later worked at deutsche. global news 24 hours a day and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. bloomberg. tom: thank you so much. currencies,nds, commodities. we have made back 60% of the retracement at least. t.tures with a further lif 3004 on xps futures. euro stronger on dollar weakness. handle. a 12.96 much lower earlier. there is the close on the s&p 500. 1.80.o year yield, what do you got, francine? francine: i have a similar data check. i feel like we have been on the same page for a couple of weeks. stocks, bonds climbing. it is all about the rate cuts, right? which is why our data checks are similar. there are fresh signs from central banks that rates are heading lower. investors are cheering that now. it depends on how big the fed cut is. we are looking at crude because of what is happening with that british oil tanker. tom: this is what happened yesterday. this is the phys
investigators have spent years looking at goldman sachs' involvement.examining a former goldman executive who later worked at deutsche. global news 24 hours a day and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. bloomberg. tom: thank you so much. currencies,nds, commodities. we have made back 60% of the retracement at least. t.tures with a further lif 3004 on xps futures. euro stronger on dollar weakness. handle. a 12.96 much lower...
55
55
Jul 15, 2019
07/19
by
BLOOMBERG
tv
eye 55
favorite 0
quote 0
that is more a negative for goldman sachs.y trading missing is one of the reasons why you saw goldman sachs trading down today. those companies are much bigger in the business. i think those results are more meaningful tomorrow. caroline: the cfo was talking about the uncertainty in challenging market environments. should we be nervous ahead of tomorrow? >> i think it is more about the future outlook. numbers, thes equity bar is lower. their business is small compared to j.p. morgan and goldman sachs. there could be other factors at play. the other difference with citigroup is they are mostly in currency trading. to your point, it is about the outlook. one of the positives, equity fees better-than-expected. they said dialogues are positive, this should be a good thing. but with all the risk, we cannot count on that to continue into the future. it is about the third quarter and beyond. caroline: busy woman. we are pleased you are able to spare time for us. time to look at what is trending across the bloomberg universe. they wil
that is more a negative for goldman sachs.y trading missing is one of the reasons why you saw goldman sachs trading down today. those companies are much bigger in the business. i think those results are more meaningful tomorrow. caroline: the cfo was talking about the uncertainty in challenging market environments. should we be nervous ahead of tomorrow? >> i think it is more about the future outlook. numbers, thes equity bar is lower. their business is small compared to j.p. morgan and...
58
58
Jul 18, 2019
07/19
by
BLOOMBERG
tv
eye 58
favorite 0
quote 0
this makes goldman's quarter look better.were the only one across the peers to have a beat and show again. we haven't seen the wealth margin, but that is something we will be looking at. bank of america yesterday hit a record in their unit. the same factories that helped back of america should also help morgan stanley. these look like they are better -- fees look like they are better. that's really been a bright spot this quarter. i think all of the peers have basically feet. sequentially, that revenue is up 70% to 90% across all the peers. alix: if you are a morgan stanley -- david: if you are a morgan stanley shareholder, what do care about most? we've seen some likeness in trading, but which do you care about, growth management or equities trading? about thecare more growth management. things were probably we getting for the equities trading business exiting the quarter, and maybe analyst estimates didn't catch up that much. i will be focused on the opportunity from a competitive standpoint where they've really gained the
this makes goldman's quarter look better.were the only one across the peers to have a beat and show again. we haven't seen the wealth margin, but that is something we will be looking at. bank of america yesterday hit a record in their unit. the same factories that helped back of america should also help morgan stanley. these look like they are better -- fees look like they are better. that's really been a bright spot this quarter. i think all of the peers have basically feet. sequentially, that...
163
163
Jul 12, 2019
07/19
by
CNBC
tv
eye 163
favorite 0
quote 0
people should read the goldman note it's way too long.end when you look at it, it has a lot of graphs katrina lake, when you spend time with her, she's brilliant she's thought this through better than most anyone and she's a disrupter and that's why i like the disrupter list. they have vision jur jordache has vision. the ceos are so smart. we have to celebrate that. i know that's not fashionable among the elizabeth warren crowd but we should. >> changing the way we shop. >> wow, are we ever changing >> don't forget watch. you have kids that are still hat and jacket age. >> yeah. >> this stuff is just unbelievable >>> we're going to get to cramer's mad dash countdown at the opening bell one more look at the premarket in less than ten minutes on this friday don't go away. ♪ ♪ >>> get the opening bell in about seven minutes. get cramer's mad dash. you're going to call an audible? >> yes i haven't focused a lot on guggenheim research. hard to get. very interesting today about sam. it's the summer of sam now this is boston beer. a lot of peopl
people should read the goldman note it's way too long.end when you look at it, it has a lot of graphs katrina lake, when you spend time with her, she's brilliant she's thought this through better than most anyone and she's a disrupter and that's why i like the disrupter list. they have vision jur jordache has vision. the ceos are so smart. we have to celebrate that. i know that's not fashionable among the elizabeth warren crowd but we should. >> changing the way we shop. >> wow, are...
111
111
Jul 17, 2019
07/19
by
BLOOMBERG
tv
eye 111
favorite 0
quote 0
goldman and j.p. morgan said we will both spend on technology.t the higher end of the range. part of that has to do with investments and related business costs, but the part that is more negative is more money on operational risks, compliance, et cetera. tom: bring in the finance minister. minister, henance has been talking on digital tax and libra. >> the need for strong commitments and obligations for that project, and for the time being i think that the necessary requirements are not fulfilled by the project libra. >> does it pose a threat to the euro? >> is it a concern about money laundering, a volatile instrument, or about the ability of sovereign nations to carry on making money in printing more money to fund their enormous deficit and huge debt to gdp? >> this is a question of sovereignty. you have the united states, france, germany, italy, all sovereign states with sovereign currencies. they are sticking to some very strong commitments, some very strong rules. we cannot accept to have a new currency having exactly the same kind of power
goldman and j.p. morgan said we will both spend on technology.t the higher end of the range. part of that has to do with investments and related business costs, but the part that is more negative is more money on operational risks, compliance, et cetera. tom: bring in the finance minister. minister, henance has been talking on digital tax and libra. >> the need for strong commitments and obligations for that project, and for the time being i think that the necessary requirements are not...
111
111
Jul 22, 2019
07/19
by
CNBC
tv
eye 111
favorite 0
quote 0
goldman sachs.peaking of goldman upgrading micron to buy getting more positive on memory stocks and says the excess memory chip inventory will be depleted faster than expected and pricing will improve in the third quarter. you mentioned this and how it's helping all the chip names >> it is a commodity, supply/demand. when you look at d-ram prices no other chip company is more dependent on d-ram than micron they account for over 66% of their revenues but if you look at d-ram it's rallied about 10% and micron rallied over 50% two things goldman is probably late on this call, nothing against goldman but i think this has been in the makings and sort of in the move of d-ram so kind of overdone but the rest of the street watches what goldman says so might have a longevity in that call. >> they're also pretty bullish on pricing as well but you're right it does feel like a catch-up call and more broad to the sector of which they're saying micron is perhaps the best way of playing it than micron specific. ha
goldman sachs.peaking of goldman upgrading micron to buy getting more positive on memory stocks and says the excess memory chip inventory will be depleted faster than expected and pricing will improve in the third quarter. you mentioned this and how it's helping all the chip names >> it is a commodity, supply/demand. when you look at d-ram prices no other chip company is more dependent on d-ram than micron they account for over 66% of their revenues but if you look at d-ram it's rallied...
77
77
Jul 22, 2019
07/19
by
BLOOMBERG
tv
eye 77
favorite 0
quote 0
but there are other stocks trading higher on a goldman upgrade. that is boosting the tech index to outperform the major averages, up 1.1%. applied materials also up at goldman sachs. shares are up 5%, a nice boost. also higher, apple, 1.7%. the price target and morgan stanley raised to 237. microsoft also up after putting an incredible quarter last week. investors want to pile into those shares. that company has a chilean dollar market cap. the s&p 500 has not put in a record high since monday but a sobbing risk on year. and analyst brought us this chart a couple of weeks ago which makes an interesting point. in yellow is the s&p 500. lots of volatility in the summer. in blue and white, we are looking at a fixed income credit fund, along with an investment grade and high-yield credit fund. those indexes have been flatlining the whole year. he says that is a sign of volatility. this year, we have these risks assets trading higher. bullish on the risk trade this year. vonnie: thank you for that. speaking of credit and all things fixed income, market
but there are other stocks trading higher on a goldman upgrade. that is boosting the tech index to outperform the major averages, up 1.1%. applied materials also up at goldman sachs. shares are up 5%, a nice boost. also higher, apple, 1.7%. the price target and morgan stanley raised to 237. microsoft also up after putting an incredible quarter last week. investors want to pile into those shares. that company has a chilean dollar market cap. the s&p 500 has not put in a record high since...
304
304
Jul 11, 2019
07/19
by
KQED
tv
eye 304
favorite 0
quote 0
comcast was upgraded to buy from neutral and added to the conviction buyist at goldman sachs. analysts cited the company's strongundamentals. the price target is $54. the stock hit a new high during the t trading session close at 43.79. comcast is the parent company of cnbc which produces this program. >>> hca health care was upgraded to buy from neutral at goldman sachs. the analyst cites the health care services company's bargaining power at the local level. the price target is $160. the shares ros 1% to 136.68. deere was downgraded from neutral to buy at ubs. the analy says demand will likely weaken in the nexrtone to two qs as farmers hold back on purchases. the price target is 167. the shares fell 5% to160.81. >>> we don't often report from beautiful sun valley, idaho, but ce a year it becomes the center of the media world when allen andhosts its annual conference. over the years the sofds of some the biggest deals in history have been planted there. there was jeff bezos purchase o "the washington post". verizon's acquisition of yahoo!. most famously, disney merger with a
comcast was upgraded to buy from neutral and added to the conviction buyist at goldman sachs. analysts cited the company's strongundamentals. the price target is $54. the stock hit a new high during the t trading session close at 43.79. comcast is the parent company of cnbc which produces this program. >>> hca health care was upgraded to buy from neutral at goldman sachs. the analyst cites the health care services company's bargaining power at the local level. the price target is $160....
35
35
Jul 16, 2019
07/19
by
CNBC
tv
eye 35
favorite 0
quote 0
with the exception of perhaps goldman sachs, goldman sachs beat estimates on its actual businesses they had about $200 million in equity trading results than people figured i would call that the lone exception. >> the old days, goldman would beat by $2, $3 every time. you miss those days? >> absolutely. >> those are the prop trading days >> goldman the outstanding report today >> i think they definitely showed some better moxie in that equities line. and it was just enough of a beat it was a cleaner number than i guess the rest of them and look, i think the rest of it comes down to guidance and forward and estimates. how many times are we going to get a cut. what's the ultimate number, and what's growth going to look like >> tell me again, you think loan growth near term can offset declining rates that aren't going in bank's favor. tell me about it, because of the s.a.l.t. thing >> on the big banks, i think you have seen some of that enough long growth the nims come down, but earnings estimates haven't been impacted dramatically if you go to states where people are migrating to, tenness
with the exception of perhaps goldman sachs, goldman sachs beat estimates on its actual businesses they had about $200 million in equity trading results than people figured i would call that the lone exception. >> the old days, goldman would beat by $2, $3 every time. you miss those days? >> absolutely. >> those are the prop trading days >> goldman the outstanding report today >> i think they definitely showed some better moxie in that equities line. and it was...
60
60
Jul 11, 2019
07/19
by
BLOOMBERG
tv
eye 60
favorite 0
quote 0
only about 20% of what goldman raised.anus: this isn't the first time deutsche bank has been d, is it?d about1mb >> georgia has come under the radar before. -- deutsche bank has come under the radar before. it's been referred to as being misled. the bank has previously seen queries from singapore authorities. on the back of this latest news, intsche bank shares shrank after hours trading in europe. manus: thanks for the latest on the investigation. the european commission cut its area growth and the inflation forecast for next year is the trade tensions and policy uncertainty on the region. mama draghi'sd case, concerned about the economy along with the expectation of the ecb stimulus to come is pushing bund yields lower across the region. some of that was re-rated yesterday. the head of investments at hermes investment management, and economist from the irish central bank doesn't see a recession. he sees a call for substantial accommodation. i want to get a sense of what we define financial accommodation in your mind to b
only about 20% of what goldman raised.anus: this isn't the first time deutsche bank has been d, is it?d about1mb >> georgia has come under the radar before. -- deutsche bank has come under the radar before. it's been referred to as being misled. the bank has previously seen queries from singapore authorities. on the back of this latest news, intsche bank shares shrank after hours trading in europe. manus: thanks for the latest on the investigation. the european commission cut its area...
53
53
Jul 30, 2019
07/19
by
BLOOMBERG
tv
eye 53
favorite 0
quote 0
managing director european equity stategy, goldman sachs.il giant gains more than 3% this morning. we will discuss how it worked the trend of losses. this is bloomberg. ♪ matt: 30 minutes into the trading day and your top headlines off the terminal. as the oil giant outperforms rises in the first half. ceo bob dudley tells bloomberg there are risks ahead in the middle east. >> we are going to be extremely careful. we've had ships move in and out. we've had concerning incidents. we are certainly not sending british ships and crews into the persian gulf. matt: back to the table. chinese trade negotiators host their u.s. counterparts in shanghai. huawei reports a 23% rise in revenue for the first half but warns tougher times could be ahead. amlo exclusive. mexico's president tells bloomberg he wants lower rates to boost growth. growing asomy is not we would want it to grow. on the other hand, there are no risks of recession. matt: welcome to "bloomberg markets: the european open." i'm matt miller in berlin alongside anna edwards. anna: 30 minut
managing director european equity stategy, goldman sachs.il giant gains more than 3% this morning. we will discuss how it worked the trend of losses. this is bloomberg. ♪ matt: 30 minutes into the trading day and your top headlines off the terminal. as the oil giant outperforms rises in the first half. ceo bob dudley tells bloomberg there are risks ahead in the middle east. >> we are going to be extremely careful. we've had ships move in and out. we've had concerning incidents. we are...