sacks. -- goldman sachs. the pulse of the american consumer retail sales. jonathan: story we have been obsessed with. upside risk, downside risk to growth. we had upside risk on cpi, 8:30 eastern when we get a downside surprise on retail sales. it is exactly what was predicted into the week. tom: in moments, david blanchflower will join us. here it -- he is fiery about consumer slowdown. oil at 85. jonathan: comp are advancing. commodities rallying -- copper is advancing. commodities rallying. closing out the week and poised for another week of gains. tom: there is confusion in the air. reset leads encyclopedicly. what is the narrative -- lisa reads encyclopedically. lisa: -- what is the narrative? lisa: how much do we see consumers starting to show more discretion with what they want to buy, even though they are supposedly flush with cash. that does not bode well for the momentum of growth. i am not saying the end is near but it could potentially slow the momentum. jonathan: what did they do time to hundred

emily: i know goldman was in fault in new zealand. that happen and are we going to see more big deals dialect that? >> i don't want to talk about any specific transactions but i think you will see more deals that get the scrutiny that come together because they believe in the rationale of coming together and for whatever reason, more broadly about deals coming under pressure, you will see some. we had the deal from earlier in the deal get turned down by regulators. equally, the offset to that, the underpinning, robust nature of what client ambitions are is to offset some of that pushback. emily: and he spent time in china and we are seeing a revelatory crackdown in china. how do you think that will player and what will it mean for investors? >> it has been fascinating to watch. you also spent time in china. in some ways, it is not always different from what we are seeing everywhere else in terms of direction but sometimes the pace and clarity of communication leads to faster action and faster changes and faster rebalancing in some of

you have levers at goldman.ey increase the pay even more they would still be well below what even they expected in terms of their own efficiency. we will see what that means in terms of david solomon's plans for compensation at the end of the year. it is pay for performance and his folks have done very well. and hiring as well. we talked to james gorman yesterday. they are hiring, and goldman sachs will be saying the same thing. alix: people on the street, do they think that this is the top for these guys? the best news is priced in? sonali: there is a real worry about that, but volatility is not always a bad thing. morgan stanley said fixed income was weaker mostly because credit spreads were tighter. a little bit of trouble might not be such a bad inc. for some of these businesses. we know that underwriting has continued at a fast clip. their clients, both are huge bankers to the private equity industry, which is sitting on so much dry powder. guy: what is the key question? sonali: comp. at this point it is ab

emily: goldman was involved in that. happen and will we see more deals -- big deals die like that? dan: i don't want to talk about specific transactions but i think you will see more deals that come together because they believe in strategic rationale of coming together and for whatever reason, rather regulatory scrutiny, but more broadly about deals coming under pressure, you will see some. you have the will is a on towers ceo get turned down by regulators so you will see some of that. equally, the offset to that, the underpinning, robust nature of what our clients' ambitions are is helping offset that pushback. emily: i know you spent time in china and are seeing a regulatory crackdown. how do you think that would play out and what does that mean for u.s. investors? dan: the regulatory pressures in china is fascinating to watch. you spent time in china so you talked about this. in some ways, it is not necessarily always different from what we see everywhere else in the world in terms of direction but sometimes the pace

superior court shows goldman is now charged with felony pimping rest documents reveal goldman in the french. his daughter met while working at a safeway together in 2020 when the daughter was a minor. just 17 years old at the time. the 2 later quit their job together and the daughter went missing for a few days after her 18th birthday in june of this year. according to those documents, the daughter told officers she did not want a at first. but later felt empowered to do so after speaking with goldman, she agreed to enter nonprofit center in arizona that helps trafficking victims. but later left the facility and denied allegations of being trafficked by goldman to advocates about facility while the daughter's request for a restraining order was denied hearing will be held on the matter later this month. as for the french, the oakland police department confirms he is also on paid administrative leave meanwhile, authorities in solano county are investigating allegations of abuse of french and the french threatening goldman's mother after showing up to her billing home. but the solano c

tom: jan hatzius with goldman sachs.inz and tom keene on a day of economics to celebrate the nobel prize winners. we are honored the professor from stanford university could join us. we talked to a nobel laureate and we talked to jan hatzius, let's talk to someone who has their thumb on the pulse of the american economy. we make light of it. the charge card companies led by mastercard, and i truly mean that, the mastercard economic institute, hyper-granular work on modern america. bricklin dwyer out of yale and columbia joins the charge and we are thrilled he could join us. your work is incredibly important right now about the pulse of america. what does the mastercard work say about small business? bricklin: it is really fantastic, some of the analysis we have pulled out of this pandemic. we have seen small businesses underperform large by 10% during the crisis. businesses that closed during the crisis, small businesses were about three times more likely to stay closed then large. about one in four small businesses. a p

goldman sachs has cut the u.s.rowth forecast, downgrading growth by .1%. .1% for this year. .4% next year. the blame goes for the delayed recovery in consumer spending and the fiscal slowdown for the change. jane fully is the head of fx strategy at a bank. the size of the changes are not magnificent in themselves, not shattering in themselves. let's set the stage. a weaker than expected figure, a downgrade on the growth outlook, does it shake in any way the dollar narrative, leaning into taper? jane: i don't think it changes the dollar narrative because of the dollar is in a win-win situation. you've got the interest rate differential argument, if the fed is tapering. on the other hand, the dollar gains from safe haven. it does benefit. but it doesn't change the dialogue for other aspects and adds into the stagflation dialogue and the growth of dialogue and i think that does alter the perception of where the world is going next year. manus: let's talk about stagflation, because a buddy of mine at one of the banks s

goldman took the numbers up.s up, we've had 41 companies reporting so far, not just banks this week, average earnings growth, that's about in line with the estimates. the average beat is 14.7%. that's good. it was much lower earlier in the week they're bringing up the average inch earnings beat last few years it's been big beats around 11. so pretty good numbers overall while the market is moving up on better bank earnings, the bigger banks aren't moving that much. u.s. bancorp is still down on the week the etf, kbe, you have to move back to 2007 we're sitting at essentially new highs going back 15 years. finally we've been talking about it all throughout the morning. we are waiting for the possibility of a bitcoin etf futures coming up. potential the s.e.c. could put a kibosh by monday if they don't, they'll be operating, proshares s. as gensler has indicated, there are real problems with this, because we lack the regulatory oversight they need to control the exchanges and other things bitcoin futures will reduc

and his mother in an attempt to break their daughter free from goldman. he can turn. >> what at a 17 year-old outstanding scholar student straight a student magnet. kamala d graduate from high school. can turn her into a street in a matter of months earlier this week goldman was arrested and charged with felony pimping and has been convicted of human trafficking in the past. >> in court documents, the french's daughter says her parents made her bleed in an attempt to stage an intervention at their richmond home last month before allegedly making death threats at goldman's mother's home in solano county, the next day rains disputes that that's idiotic it absolutely not true. >> it was no doubt a product of mister goldman are whatever name he wants to go by on any given day. but he's the one we suspect who wrote all this rain says his clients are expected to meet with investigators next week and provide their own statements. >> phillipe djegal all kron 4 news. >> oakland. police have released a new video tonight which could help catch the killer of a 15 yea

goldman joins in. kailey: yes they did for 2021 and 2022, the thesis consumer spending will be delayed due to the ongoing pandemic and the pullback in fiscal policy. we are talking about delays, not necessarily growth lost. they also saw the making up for it in 2023 and 2024. jonathan: can we get an early guest promo? jan hatzius, 7:30 eastern time. tom: he has migrated down. he has been adjusting into this and the vector that all of our listeners and viewers are worried about is the vector of q4 and then the next year he has little bit of optimism versus some of the caution right now. jonathan: the chief economist from goldman sachs 90 minutes away. your equity market is negative on the s&p 500. negative around one third of 1%. the treasury market is closed today. we did close north of 1.60 on friday. in the bund market yields are higher. in the fx market, your euro is little bit weaker. there it is. $81 on wti. kailey: the highest since 2014, feeding into the stagflation fear that may be in this mark

goldman capping a 5% boost to the revenues by 2025. earnings upside in the near term but they will post a bigger earnings downside risk to the singapore exchange. shery: let's take a look at the yield space. we are seeing that global bond selloff continue. u.s. treasury market over the point spread falling below that 19 point basis level and lowest since may 2020. we see the momentum in favor of that flat near. the 10 year government yields rising to 3% for the first time since july. we have those numbers out of new zealand. jumping at the fastest in 10 years. sending kiwi yields much higher. we have the bloomberg markets china open next. this is bloomberg. baaam. internet that doesn't miss a beat. that's cute, but my internet streams to my ride. adorable, but does yours block malware? nope. -it crushes it. pshh, mine's so fast, no one can catch me. big whoop! mine gives me a 4k streaming box. -for free! that's because you all have the same internet. xfinity xfi. so powerful, it keeps one-upping itself. - [announcer] imagine having ful

we just got goldman sachs.t is extraordinary. what is happening in this period, it's not the beating of the numbers, typically bang of america. the estimates have nothing to do what they've reported. all they talk about is the yield curve. it meant nothing the fees are out of control. i think people have to recognize, whether it be goldman sachs, these are sticky fees we got to stop thinking the of them decembering of low price globals. >> that's the key. these things last. >> they're sticky. you should not have these numbers. it's entirely possible they're a new level of the way companies make money in this business. i know we have this moment for mna, it was big. the asset management is gigantic the market went up, the bears don't understand this self fulfilling prophecy. the rich get richer. you know what also managed to be good the apple cart the apple cart, 7 million. they're not losing the money that everybody thought they were going to lose. it's a clean start so i think no a credit card, it will matter.

mother's home in solano county and threatened to kill her and her son goldman has a criminal history in alameda county. he was convicted of felony human trafficking for labor in 2015 jail records show goldman was arrested in richmond on monday and on tuesday, a criminal complaint filed in alameda county, superior court shows goldman has now been charged with felony pimping richmond mayor tom says the city manager reached out to him friday letting him know chief french was taking some personal time off only to learn this week through media reports that she was actually placed on paid administrative leave all like to wish it like all all. >> i don't all she council calling to be she calls the mayor also lending support to chief french hold a lot has happened or your kids off school killings. >> it's just all imaginable. as for lee french, the oakland police department confirms he is also on administrative leave as of now, the solano county district attorney's office says it has not received this case. >> requests for comment from the french is have gone unanswered phillipe djegal all k

superior court shows goldman is now charged with felony pimping rest documents reveal goldman in the french. his daughter met while working at a safeway together in 2020 when the daughter was a minor. just 17 years old at the time. the 2 later quit their job together and the daughter went missing for a few days after her 18th birthday in june of this year. according to those documents, the daughter told officers she did not want a at first. but later felt empowered to do so after speaking with goldman, she agreed to enter nonprofit center in arizona that helps trafficking victims. but later left the facility and denied allegations of being trafficked by goldman to advocates about facility while the daughter's request for a restraining order was denied hearing will be held on the matter later this month. as for lee french, the oakland police department confirms he is also on paid administrative leave. meanwhile, authorities in solano county are investigating allegations of abuse of french and the french threatening goldman's mother after showing up to her ballet home. but the solano c

mother's home in solano county and threatened to kill her and her son goldman has a criminal historyas convicted of felony human trafficking for labor in 2015 jail records show goldman was arrested in richmond on monday and on tuesday, a criminal complaint filed in alameda county, superior court shows goldman has now been charged with felony pimping richmond mayor tom says the city manager reached out to him friday letting him know chief french was taking some personal time off only to learn this week through media reports that she was actually placed on paid administrative leave all like to wish it like, all. >> i don't

goldman sachs up 57% year to date. well, did that bank execute in the last quarter.: they knocked it out of the park. i wish there had been more on the financial aspects of goldman sachs, particularly retail banking. can the transition journey and the pr talk of cop 26, i want somebody to show me evidence of successful carbon pricing. i have asked about this before. i agree it is key, but i am looking for a carbon pricing that actually works. jonathan: i will keep looking. i cannot find it. let us talk about how orchestrated that meeting will be. we get diplomats together, the hash something out, we have an agreement before they technically have an agreement. this time around, it seems like a struggle to agree on anything. tom: that kickoff is like davos on steroids in terms of pr messaging. we will hear the word journey 472 times. i would focus on the idea that we are fortunate that john kerry, whatever your politics, is fact-based and does his numbers. that is different from most of these people. jonathan: some uncomfortable numbers. crude, brent 85. wti 83.50. an

jonathan: jan hatzius coming up from goldman.revision on his growth outlook, i downgrade for u.s. gdp. he delivered that over the weekend. we will catch up with him at about 8:30 eastern time. from new york, this is bloomberg. leigh-ann: with the first word news, i'm leigh-ann gerrans. the price of oil went over $81 a barrel. west texas intermediate futures rose 2.7% to the highest level in seven years. it was south about 30% since mid august. the global power crunch is boosting demand for oil ahead of winter. now the power crisis is also squeezing aluminum. the price jumped to the highest levels since 2008. industry insiders joked that aluminum is basically solid electricity. each ton of the metal takes about 14 megawatt hours to produce. that is enough to run an average british home for more than three years. merck seeking emergency use authorization for a pill to treat coronavirus. that brings the drug pusher to becoming the first oral antiviral treatment for the disease. studies founded cut the risk of hospitalization by abou

joe goldman.is mother has accused the chief and her husband of physically restraining her and threatening her life. attorney michael raines says that is not what happened. >> they had gone to this guy's mother and talked to her to get him to say tell your son to please give us our daughter back. that is all we want. as a result, the mom made complaints that they threatened to do something to the son. >> the bay area news group sites court documents that say goldman's mother asked for a restraining order last week, which was temporarily denied. on the same day goldman was arrested by u.s. marshals in richmond and charged with pimping and pandering the 18-year-old. french his attorney says graduated and her mother is upset goldman turned her against her own family. >> my discussions with her have been those of a mother who is worried sick about her daughter and what has happened to her. they are fretting over what it means for their job, career. that is the least of her concerns. her concerns are he

joe goldman. his mother has accused the chief and her husband of physically restraining her and threatening her life. attorney michael raines says that is not what happened. >> they had gone to this guy's mother and talked to her to get him to say tell your son to please give us our daughter back. that is all we want. as a result, the mom made complaints that they threatened to do something to the son. >> the bay area news group sites court documents that say goldman's mother asked for a restraining order last week, which was temporarily denied. on the same day goldman was arrested by u.s. marshals in richmond and charged with pimping and pandering the 18-year-old. french his attorney says graduated and her mother is upset goldman turned her against her own family. >> my discussions with her have been those of a mother who is worried sick about her daughter and what has happened to her. they are fretting over what it means for their job, career. that is the least of her concerns. her concerns are

we'll get more on where to invest according to goldman sachs.i and that's what they call a tease. stick around we'll have that as always towards the end of the show. >>> crypto, bitcoin is trading at its highest level since may, 57,400 remember the all-time high was 63,333 but bitcoin has been red hot the last couple of weeks. we'll get more on that in a few minutes. >>> around the world, red arrows in asia, hong kong, south korea and china, their markets dropped. europe is getting going, they're down across the board, about .7% down we're not seeing the losses get bigger, in fact, some are getting muted as futures here turn around. >>> that is your tuesday set up. before we get more on the markets and your money, let's get the key headlines that you need to know about now, including the latest on china's heavily indebted evergrande group. >> chinese property giant evergrande reportedly missing another round of interest payments to international bondholders overnight. they were due to make three payments by midnight totaling $148 million evergra

goldman sachs for better or worse typifies that relationship. >> goldman sachs for those that don't know is a social investment bank but it's one of the financial institutions considered really elite. top harvard students like you are getting a job at goldman sachs is the pinnacle that's what you aim for for better or worse . >> there's things i'd like to have been better at and one of the things i'm good at is getting myself into corridors of elite america. there are better skills one can have but it turns out that was the skill that on accident or on purpose i happen to have repeatedly cracked . i did that in the summer of 16 when i was a student and took an internship at goldman sachs and there was something i learned that summer but it wasn't thething i expected to learn . it is an important part but i didn't learn very much about that but i did learn a lot about how to aggregate power. how to aggregate power in a way that wasn't actually appearing to smack of the aggregation of power so one of the ways to do it was goldman sachs had a hallmark investment which is a service day. go t

superior court shons goldman is now charged with felony pimping rest documents reveal goldman in the french. his daughter met while working at a safeway together in 2020 when the daughter was a minor. just 17 years old at the time. the 2 later quit their job together and the daughter went missing for a few days after her 18th birthday in june of this year. according to those documents, the daughter told officers she did not want a at first. but later felt empowered to do so after speaking with goldman, she agreed to enter nonprofit center in arizona that helps trafficking victims. but later left the facility and denied allegations of being trafficked by goldman to advocates about facility while the daughter's request for a restraining order was denied hearing will be held on the matter later this month. as for french, the oakland police department confirms he is also % on paid administrative leave. >> meanwhile, authorities in solano county are investigating allegations of french and the french threatening golden's mother after showing up to her vallejo home. the county district atto

threatened to kill her and her son goldman has a criminal history in alameda county. he was convicted of felony human trafficking for labor in 2015 jail records show goldman was arrested in richmond on monday and on tuesday, a criminal complaint filed in alameda county, superior court shows goldman has now been charged with felony pimping richmond mayor tom says the city manager reached out to him friday letting him know chief french was taking some personal time off only to learn this week through media reports that she was actually placed on paid administrative leave all like to wish it like, all. >> i don't all she council college law to be she calls the mayor also lending support to chief french hold a lot has happened or your kids off school killings. >> it's just all imaginable. as for lee french, the oakland police department confirms he is also on administrative leave as of now, the solano county district attorney's office says it has not received this case. >> requests for comment from the french is have gone unanswered phillipe djegal all kron 4 news. >> sev

goldman sachs rounds out the week for u.s.gs after a surge in pandemic dealmaking for rival u.s. lenders. and a watershed moment for crypto, bloomberg learns the sec is poised to allow the first u.s. bitcoin futures etf to begin trading. happy friday to you. you made it to the end of the week and the bulls are back in charge. yesterday in your american benchmark index, you saw the biggest gains up sometimes since about march, the third biggest gain of the year and we are continuing that positive action so far this morning. we're up .4%, that more positive attitude driven by more earnings, driven by softer ppi data, also driven by better jobless claims. that also means some of the havens like the yen moving lower today, 2018 low versus the dollar. meanwhile, looking at copper just below $10,000 from that rally, losing steam this morning, but we are seeing commodities like metals and other commodities at an all-time record as some of that supply crunch really weighs on the sector. finally, u.s. 10 year yields up nearly two basis

goldman sachs -- and buy the d ip. goldman sachs says that inflation is transitory.y are going to highlight the cost pressures, but inflation will peak. jp morgan says stagflation fears are going to start fading and won't persist into year end, so we continue to have that sort of buy the dip scenario, even if the headline numbers start to get a little bit heavier. guy: you could argue that we continue with fairly easy monetary policy, that should be good for risk assets. the question is risk assets are going to be talking about because if that is the scenario, maybe this energy move we are seeing at the movement, that energy stocks are still significantly where they were the last time we were at these kinds of levels, but you think about fading that move. if you are not going to get this monetary policy shift, may you rotate back into tech, away from the financials, which again seems to be the trade at the moment. going out of tech if the est portfolio -- the esg portfolio will allow you. alix: let's get a -- let's get some advice from the expert, katrina dudley, fro

and his mother in an attempt to break their daughter free from goldman. he can turn. >> what at a 17 year-old outstanding scholar student straight a student magnet. kamala d graduate from high school. can turn her into a street in a matter of months earlier this week goldman was arrested and charged with felony pimping and has been convicted of human trafficking in the past. >> in court documents, the french's daughter says her parents made her bleed in an attempt to stage an intervention at their richmond home last month before allegedly making death threats at goldman's mother's home in solano county, the next day rains disputes that that's idiotic it absolutely not true. >> it was no doubt a product of mister goldman are whatever name he wants to go by on any given day. but he's the one we suspect who wrote all this rain says his clients are expected to meet with investigators next week and provide their own statements. >> phillipe djegal all kron 4 news. >> in the north bay santa rosa safari west has lost an important zoo. accreditation. the associati

the team at goldman sachs, seeing slower u.s.rowth for the rest of this year and into next year as well. what does that mean for the fed's rate hike outlook? that is still ahead. plus crude oil prices continue your steady march higher. we saw earlier the wti over $81 a barrel, brent almost $84. all of that and more, coming up. this is bloomberg. ♪ >> tapering is very likely at the next meeting. that is going to take a longer middle of 2022. where is growth, where is inflation? the whole forecast growth it is much more moderate. and inflation is on its way back down to something like2% -- in that environment, i don't think they are going to move directly to rate hikes. matt: that is goldman sachs' chief economist speaking earlier on bloomberg surveillance. investors are going to be watching for the latest data on u.s. inflation, when cpi is announced. take a look at the forecast for u.s. gdp and cpi in 2021 and 2022. the white line is this year. right now forecast at 4.3%, that is the inflation in the top panel. in 2022. 3% for in

the cohead of global m&a at goldman sachs is joining us. this is bloomberg. ♪ matt: this is "bloomberg markets." . low rates and abundant cash could go to $5 trillion. here to discuss the boom is stephan feldgoise, the cohead of m&a. we were talking about $45 billion deal with paypal and pinterest. it does not appear now as that will happen. i have noticed a trend. a lot of the huge deals we hear about that we are reporting on do not come to fruition. are we going to reach a new record with a lot of little deals? >> the vast majority sits at the larger sizes. this week and last week, this will be the most active m&a market in the street. that is eclipsing the numbers we have seen in some of the markets. dialogue continues. deals happen and sometimes don't . the velocity has been extraordinary. it continues at a robust pace. >> are at an interesting point and tipping over and what will be an all-time record for m&a. the conditions are perfect here you have the headwind of the antitrust, national security. you have credit, but that has been t

and his mother in an attempt to break their daughter free from goldman.t at a 17 year-old outstanding scholar student straight a student magnet. kamala d graduate from high school. can turn her into a street in a matter of months earlier this week goldman was arrested and charged with felony pimping and has been convicted of human trafficking in the past. >> in court documents, the french's daughter says her parents made her bleed in an attempt to stage an intervention at their richmond home last month before allegedly making death threats at goldman's mother's home in solano county, the next day rains disputes that that's idiotic it absolutely not true. >> it was no doubt a product of mister goldman are whatever name he wants to go by on any given day. but he's the one we suspect who wrote all this rain says his clients are expected to meet with investigators next week and provide their own statements. >> phillipe djegal all kron 4 news. >> the los gatos are told the union high school district is responding to allegations that a local mother hosted secre

goldman sachs economist have cut their forecast for u.s.h this year and next, blaming a delayed recovery in consumer spending. in a new report they expect growth of 5.6% on an annualized basis in 20 to anyone. down from 5.7%. 4% growth down from four .4% previously. they had upgrades to their projections for the following two years. results for elections are expected within the next 24 hours according to the commission. the vote is an early test for the prime minister. he has been unable to form a consensus in iraq's structured politics on tacking domestic issues and political capital and brokering cost between iran's power and saudi arabia use -- saudi arabia's monarchy. global news, powered by more than 2700 journalists and analysts in more than 120 countries. shery: the u.s. secretary of labor says the september payrolls report shows the continued strain on employment on the covid 19 pandemic. he cited concerns of the delta variant and people changing some of the reasons for the week job numbers. he spoke to bloomberg's jonathan ferro. >

charles: happy birthday, goldman's enron research report.quote, the best of the best. they discounted all kinds of questions. so much insider selling. why was there so much debt even though it was supposed to be profitable. how did the company make money? goldman cut earnings, but next year, 2002 it would be a 48-dollar stock. it went to zero. a lot of people lot of a lot of money in a lot of northern scams, ge, ibm. these are some of the blue-chips the smart money said everyone must own. this is not lost on the adult children of parents who did just that. they listened to everything the smart money on wall street told them to do. only the brokers got yachts. investing apes do it yourself investors didn'ted determined to do things in their own way in including my next guest. keenan, you're a leader in the investing movement. people said you have to get keenan on the show. you're here. i want to know what made you interested in this, hey i want to be in the stock market? >> i say thanks for having me on. what got me in the stock market, i was

we have a very care back-to-back bull market show great earnings, thank you goldman sachs and the dow jumped 382 points after by big gain yesterday. nasdaq advanced. meanwhile the government has lifted the ban on foreign travel and approved vaccine booster shots. both of these are great for confidence because covid remains the biggest drag on this economy. now of course this is a what have you done for me lately kind of business which means next week we have another gauntlet of earnings all over again. so right to the game play. monday we get results from albertson's. typically i don't like supermarkets the margins are too low. but albertson's keeps expanding its margins. i think we stick with this one i like it since it became public tuesday morning we hear from two best of breed operators, write these two down, j&j and proctor and gamble i think johnson & johnson will tell us that its lost the liability issue with the establishment of a new subsidiary to file bankruptcy to manage the claims but that will allow us to focus on the new drug pipeline. as for proctor, i bet it goes like

the dow is being helped by goldman. the s&p another one.7%, up again, one.8% and in for another modest gain this morning. we are spending, bitcoin is at 60,$000, 259-7. as it has been for much of the week. it had hit $82, as for gasoline, 330, painful memories of july of 2008 when gas reached an all-time high of $4.11 a gallon. yuma, arizona is a new spot for haitian migrants, to ignore the city's vaccine mandates, can't afford to fire officers because that is a place. who should get moderna's booster? mass confusion about that and j and j's booster is in limbo. former president clinton is on the mend after being hospitalized in california from a non-covid infection. hillary clinton visited late thursday. the former president is 75. "varney and company" is about to begin. ♪♪ stuart: hold on. is that a reference to the stock market, hold onto your microsoft loosely. here's how the market will open, this is friday morning, you like what you see, plenty of green across the board, dow was up 200. kenny, i thought the dip wa

this prompted goldman sachs to not see that rrr cut. they see the pboc using these target monetary policy tools to keep that level of liquidity in the economy stable. shery: those scroll shocks will factor into a huge day on the economic front for china. let us bring in kathleen hays. we are expecting a deceleration in growth in the third quarter. anchor: we sure are. it is been a perfect storm of negative things for china, hasn't it? it will hit china's gdp. third-quarter gdp, we will see a couple of hours from now. but us look at a bloomberg chart. it will show you the estimate. gdp was at 7.9% year-over-year in the second quarter. now it is expected to drop to 5.0%. it is a good rate but quite a deceleration. when you look at things like ever grand and property developers spillover, hitting the economy confidence. when you look at the energy shortage, commodity prices, everything is hitting hard. there other hard reports. the pmi for manufacturing fell just below 50 with signaled growth and contraction at 49.5 in september? it fell f

jonathan: we get goldman sachs earnings, then it is on to in america. lisa: retail sales at 8:30 a.m. how much will we see a softening? how much does this come into the narrative, the idea that people are buying less? we are seeing this in the auto sector. sales are slowing in part because of how high the prices are. jonathan: prices are starting to hurt demand. we have prices starting to hurt demand. lisa: clearly that has been the case across the board. from the surveys, people saying they will delay purchases of big-ticket items because they expect prices to come down, but frankly they don't want to put it out there at this point. jonathan: at this point, futures up 14 come up .3%. just trying to be collegial, keep it at a nice even tone. the bond market is higher by three basis points to 1.54. flatter curve on the session. tom: why is sterling going up? jonathan: we have seen a decent move in euro-sterling? tom: the turkish lira is its own story. what i would say, and this relates to what lisa has been talking about, the pendulum of narratives going

and his mother in an attempt to break their daughter free from goldman. he can turn. >> what at a 17 year-old outstanding scholar student straight a student. a magnet. kamala d graduate from high school. can turn her into a street in a matter of months earlier this week, goldman was arrested and charged with felony pimping and has been convicted of human trafficking in the past. >> in court documents, the french's daughter says her parents made her bleed in an attempt to stage an intervention at their richmond home last month before allegedly making death threats at goldman's mother's home in solano county, the next day rains disputes that that's idiotic it absolutely not true. >> it was no doubt a product of mister goldman are whatever name he wants to go by on any given day. but he's the one we road. all this rain says his clients are expected to meet with investigators next week and provide their own statements. >> phillipe djegal all kron 4 news. >> now to berkeley where police arrested a 17 year-old and a 19 year-old in connection to a shooting that

things are looking kind of grim from goldman sachs. haidi: you talk about the covid zero approach in china. we are looking at restrictions in nearby hong kong. a lot of businesses and corporations are unhappy. you still have to quarantine for a long time. tight restrictions on movement. not just for the growth forecast, but potentially weighing on a scroll at the global financial center. we have been hearing over the weekend and today that a number of financial firms are lobbying now for the government to loosen some of those restrictions. in the findings in their research is really pretty startling. we are seeing half of major international banks and asset managers contemplating a move of staffer functions out of the city. the majority of them having been impacted by these factors, including pandemic infrastructures. we will be speaking with the ceo a little bit later on who will join us at 7:30 a.m. hong kong time. kathleen: hong kong is prioritizing opening travel to the chinese mainland, officials are expecting a new covid outbreak

goldman says it expects u.s. be lower this year and next. >> i think investors should be cautious. in the short term you might actually see central banks talking about more tough. maybe there is a bit of tapering going on. it is important from my point of view to stay clear of leverage as much as possible, be diversified. there are economic risks, lots of risks. we have the energy crisis, the debt ceiling and whatnot. ultimately, in the medium to long-term i think the biggest picture people should be aware of is again, the debt and deficit problem that i talked about. there was an interesting article last week, ecb set to study new bond buying plan for crisis. it said they are going to look into implement this if there is any uptick. if you look at the debt to gdp ratio for the u.s., it is not that much lower than that of italy. entrenched inflation and possibly central banks committed to do something is still the major theme i think you must be aware of. rishaad: before you look at tapering, they need to make su

she alleged her parents threatened to kill her and goldman. a separate police report alleges french went to the home of goldman's mother where the woman claimed they threatened her. while locum police investigate, chief french will remain on paid leave. a hearing is set for later this month on her daughter's effort to get a restraining order against her parents. ama: coronavirus in californiaal has claimed more than 70,000 lives. we crossed that threshold today where -- when the state reported hundred 48 new deaths. california accounts for about 10% of all coronavirus deaths in america, which exceeds 716,000. president biden struck an optimistic tone when speaking about the pandemic when it comes to our process on vaccinations. pres. biden: the plan i laid out in september is working. we are headed in the right direction. we have critical work to do but we can't let up now. my team and i are doing everything we can, but i am calling on more businesses to step up good i am calling on more parents to get their children vaccinated when they are e

. >> reporter: like my grandmother, michael goldman gilad, now 96 years old, lost most of his familye holocaust. he survived the horrors of multiple concentration camps, including auschwitz, and he survived the infamous death march. >> translator: it was january 18th, 1945. we were taken out in rows of 1,000 each, and there were ss officers with dogs, and we were made to march. it was heavy snow, and it seemed implausible, but we marched 60 kilometers that night. >> reporter: thousands of people died during that brutal death march. little did goldman gilad know he would go on to play a pivotal role as an investigator in the trial of adolf eichmann. >> translator: i was in my investigation room, and when he entered the room, i saw a poor, frightened person shaking. and in comparison to eichmann in his ss uniform, this uber mensch, i couldn't believe it. it was the same person standing in front of me responsible for the dead of my parents. when he opened his mouth, i cannot forget this. when he opened his mouth, i saw the doors of the crematorium open. >> reporter: goldman gilad and th

mother's home in solano county and threatened to kill her and her son goldman has a criminal history in alameda county. he was convicted of felony human trafficking for labor in 2015 jail records show goldman was arrested in richmond on monday and on tuesday, a criminal complaint filed in alameda county, superior court shows goldman has now been charged with felony pimping richmond mayor tom says the city manager reached out to him friday letting him know chief french was taking some personal time off only to learn this week through media reports that she was actually placed on paid administrative leave all like to wish it like, all. >> i don't think mall shooting council calling to be she calls the mayor also lending support to chief french hold a lot has happened or your kids school killings. >> it's just all imaginable. as for lee french, the oakland police department confirms he is also on administrative leave as of now, the solano county district attorney's office says it has not received this case. >> requests for comment from the french is have gone unanswered phillipe djegal

goldman sachs lower its outlook for the u.s. economy for the next two years but with a caveat inflation, nation are the ceo one of the world's largest food brands said you better get used to paying higher prices. >>> and our rbi will show you the reason why southwest airlines canceling hundreds of flights over the weekend. in part because they're running out of the people. and boldly going just a little later than scheduled as nature creates a snag for william shatner's voyage into space. it's all happening this monday october 11th this is "worldwide exchange. >>> good morning, good afternoon, good evening and welcome from wherever in the world you may be watching. i'm brian sullivan, happy monday it is not maybe the most happy monday for stocks, at least right now. it is very early the futures they are slightly down, down a couple tenths of 1%. dow off 65, nasdaq off 58. nothing to go back to bed over yet. all three averages snapping three day win streaks but remember the macro markets did well last week, ended up and, in fact,

goldman says this could also strengthen the u.s. administration's -- not the spr release but the banning of exports. so the banning of exports might strengthen the u.s. administration's negotiation power ahead of discussions on the carbon border tax adjustment proposed by the eu what what they're saying is if we stop exporting oil or gas for a short period of time, it may reduce our carbon footprint in the near term and give us a lower benchmark in these negotiations really politically strategic what goldman also said, though, is that ironically it would be particularly bullish meaning gas prices could go up due to the fact the u.s. would still be a net importer of gasoline because we are priced off of imports off of brent crude, brent crude prices may go up so they're saying if if we ban exports of crude oil it may be more of a trade deal negotiation tactic than anything else but it also may raise gasoline prices because we'll have to import off the higher brent crude i'm sure that's not what the administration would want or hope b

also the investment banks, goldman sachs and morgan stanley.e interesting to see how they handle this expense rate of growth versus revenue growth over the next six to 12 months. jonathan: what are we learning in terms of the leading indicator for loan growth? do you see anything over the last 12 months that gives you a nice subtle signal that things will pick up? what is the leading signal you look for? gerard: there are two areas, jon, and you touched on one, the monthly data, the trust data, the credit card trust dated that comes out every month is a great leading indicator. the federal reserve data on consumer lending out of new york, the new york that, another good indicator. but number one, what we are focused on, because it is the largest loan category, and it has not recovered yet, is good old-fashioned commercial lending. what we are watching carefully is the inventory to sales ratio in this country. all-time record low. you guys have talked about supply issues over the last six months. they are intensifying today. if inventories are r

>> we reported that goldman was working with apple to build a product like this.hey are trying to make it more attractive. the other thing with traditional credit cards, jp morgan says there thinking about what they can do to make the consumer experience more pleasant. inc. about with infatuation. they bought it to make things easier for them at the credit and consumer business and -- caroline: how? >> it reminds you of for example -- raise the. to get more access to experiences that you would use your credit card for. travel, entertainment, leisure, restaurants. those are all things that for credit card business there pretty key. they are leaning into flexible solutions for their customers like by now pay later or installment loans and ways that they can get to the consumer money faster at a cheaper rate. caroline: what about the talent? we have spoken a lot about this. junior bankers getting more pay. what about the costly engineers? have they been able to get enough of them? >> it's interesting because for so long the engineers have felt like they come in secon

mother's home in solano county and threatened to kill her and her son goldman has a criminal history in alameda county. he was convicted of felony human trafficking for labor in 2015 jail records show goldman was arrested in richmond on monday and on tuesday, a criminal complaint filed in alameda county, superior court shows goldman has now been charged with felony pimping richmond mayor tom says the city manager reached out to him friday letting him know chief french was taking some personal time off only to learn this week through media reports that she was actually placed on paid administrative leave all like to wish it like, all. >> i don't think mall shooting council calling slot to be she calls the mayor also lending support to chief french hold a lot happened or your kids school killings. >> it's just all imaginable. as for lee french, the oakland police department confirms he is also on administrative leave as of now, the solano county district attorney's office says it has not received this case. >> requests for comment from the french is have gone unanswered phillipe djegal

fred goldman executed at a much higher level. blankfein waiting around for the business to turn. tom: i'm not going to criticize anybody. james dimon said two or three years ago, this is just hard work. solomon has been a piÑata. he nailed it in this great environment. jonathan: you know what happens now? there are some people at that bank that want to get paid. tom: five basically think -- we will talk to sonali basak. i think goldman sachs will buy the hamptons. jonathan: i'm not talking about the analyst class. i'm talking about further up. tom: joining us is adam parker. a very sharp of note here. i love how you say it's about identifying winners and losers. let's go type 2. how do you avoid the losers? adam: i think the number one issue in the market is going to be gross margin expansion. can you offset these rising input costs and pass it on to the end consumer? if you can, you will be a compounder and still a good stock. it's about growth profitability. tom: let's flip over to the winners. there seems to be two classes in

jp morgan stocks falling as financial earnings kickoff wells fargo, bank of america, citi and goldman sachs also weaker as they gear up for earnings tomorrow. what is your take on the bank action today guy, what did you make of this quarter? >> the quarter is fine, nothing wrong with the quarter karen has been discussing the setup. i think we pointed out correctly that you go back the last couple years, jp morgan reports and the knee-jerk reaction is the stock sells off. we saw that today. i think we will be trading north of the all-time high in the next few weeks. i think out of all of them, i think morgan stanley has been fascinating. it goes from the lower left to the upper right. although it's probably stretched in earnings, that is a company that has equipped itself extraordinarily over the last few years. >> jeff joins us great to see you again >> great to be back much. >> it didn't seem like there was anything wrong with the quarter. the management on call seemed to be aly bit conservative. what was your take >> the reaction is the setup coming into the quarter. bank stocks had

and his mother in an attempt to break their daughter free from goldman.t at a