what did goldman sachs advise you in this contract that we're not sure exists and that goldman sachs says does not exist? >> senator, the only thing i can do is give my memory of what happened again. i don't have access to the bank documents. my memory is very clear. it was -- we were looking to do things. one is worries equity and the other thing is to sell all portions of our effects portfolio. goldman sachs was the investment bank we worked with on both. as we were having the discussion with our board of directors, specifically the special committee of the board there was really the ones working with the management team on this. the direct feedback that we received from goldman sachs is that to show the purpose for the fund-raiser. the capital raise. otherwise, our capital ratios and liquidity were strong. we would need to sell the securities first to show the loss. and then to bring the capital on board later that day or the next few days. >> with goldman sachs, your advice on that sale. >> on the sale of the securities? >> that you just describing,. yes >> goldman sachs was the

goldman sachs agrees to pay more than $200 million to settle sex discrimination claims with thousandswomen. hello and welcome to asia business report. i'm karishma vaswani. "good news and bad news" — that was the verdict chuck schumer, the democratic leader of the senate, gave to a meeting which has wrapped up a short while ago. top us lawmakers met for about an hour in the oval office, trying to find a way out of a potential debt default. but no agreement was reached. here's what the leaders of both sides had to say following that high—stakes meeting. we agreed to continue our discussions and we will meet again on friday. in the meantime, our staff will meet today and daily between now and then, and everyone in the meeting understood the risk of default. our economy would fall into a significant recession and it would devastate retirement accounts, increase borrowing costs, according to moody's nearly 8 million americans would lose theirjobs. everyone in this meeting reiterated the positions they were at. i did not see new movement. the president said staff should get back together.

now, on top of the cash that goldman sachs is paying.o analyze its pay patterns and methods of promotions. this is the latest effort by wall street to address unequal and unfair treatment of female workers. back in 2007, morgan stanley settled a lawsuit for $46 million in which 2700 female employees accused it of discrimination over pay and promotion. that was michelle fleury. taiwanese electronics company and one of the major manufacturers and suppliers of iphones — foxconn has bought a massive piece of land on the outskirts of india's it hub of bengaluru. it is part of the companies big investment plans in india. the bbc�*s arunoday mukharji has more from new delhi. this piece of land measures around 1.2 million square meters and is worth $37 million. these details were revealed in a regulatory filing by the company at the london stock exchange. and this is part of the company's larger diversification plans as it attempts to move away its production lines from china and india has been on the radar for the company. we have reported in t

goldman sachs cohead of global credit finance joining us next.is bloomberg. ♪ ♪ (upbeat music) ♪ ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) -awww. -awww. -awww. -nope. ( ♪♪ ) constant contact delivers the marketing tools your small business needs to keep up, excel, and grow. constant contact. helping the small stand tall. >> you are looking live at the principal room. coming up the zoom cfo joins bloomberg tv at 12:00 p.m. new york time. this is bloomberg. keeping up to date with news from around the world, here's the first word. saudi arabia's top energy officials issuing another warning to oil short-sellers. just over one week before the opec-plus alliance is due to meet. the minister spoke at the qatar economic forum today. >> speculators in any market they are there. , i keep advising them. >> the minister has told short-sellers they would be left out ching -- ouching. ukraine cannot win the war against russia, that today, the hungarian prime minister viktor orban who spoke with john micklethwait at the qatar economic forum. or bond said with nato not ready to sen

we saw the wall street journal story on goldman sachs.en -- even if it is tactical, reducing headcount and cutting costs. what are you doing right now? we have been looking at this in the past. >> we have been active. we are looking at our business, supporting those businesses having strengths. in the banking arena, investing in commercial banking, protecting corporate banking, with the wallet deterioration in investment banking, we have been careful to continuously right size the business. we see this as an opportunity for citi when there's a specific opportunity for us to add talent, where we have gaps, we are doing that as well. we will be careful looking at the cycle, and the cycle outlook is not perfect right now, but our view is we want to be positioned on the others this downturn to capture the true benefit of the upturn. >> before we let you go, we were mentioning elon musk making the trip to china. that market -- the market is trying to figure out this year how the chinese market fits into the overall economic outlook. >> i promi

a small game related to the s&p 500, according to goldman sachs.a look at the korean index this morning, under pressure. but the dollar is likely past its peak in the -- dollar-won do for remediation in the that half of this year. in australia the indexes are coming online and we are on the countdown to the budget due later. we expect to see the first surplus since 2008, targeted spending measures coming through through -- four disadvantage -- disadvantaged groups. we want to watch when it starts trading in a few moments from now. it reported a cash profit of 1.8 million -- million dollars up 10% from a year earlier. but the bank ceo really joining his peers in warning on the outlook and likewise we have crude under some pressure as well. >> and just to recap our breaking story, goldman sachs has agreed to pay $215 million to put an end to a long-running class-action case accusing them of underpaying women. let's get more from our finance reporter in sydney. let's hear what we were expecting. >> the try was due to begin next month and goldman sachs

hugh, it's sort of like while we are talking about the banking crisis, goldman, this is a big move by going on here? >> kelly, great to be with you not a whole lot of people know, about five years ago, goldman sachs saw a lot of people leaving to do their own ideas. so they said we're going to have our own startup incubator. so one of the first things that -- first ideas they had in these internal competitions was for something called luisa, which is ultimately a kind of linked in, except with ai prepopulating all the profiles, tanking from internal databasda. and looking at transaction data from the context of goldman sachs, creating a network of experts internally and then taking in news and saying, you know what? there's going to be an opportunity in power plant or a circuit chip plant in taiwan, for instance, and that's going to be a huge opportunity for financing. let's get a person in singapore and a person in the u.s. and put them together. so it's coming up with ideas >> so it's more than just connecting people internally it's really about trying to identify external opportuni

more job cuts could be on the horizon at goldman sachs.the wall street giant is said to be considering a third round of staff reductions in less than a year as dealmaking dents revenue. the latest round of comes -- cuts impact senior roles. joining us now is stefania bianchi. what is happening at goldman sachs? >> as you say, this is the third round in under a year. just in january they talked about cutting 3200 jobs in what was its biggest round of cuts and a couple of months later we are talking about 250 people being let's go. these are more senior job cuts affecting senior executives, but it really is not good news for goldman and it really is down to the issue of slump in dealmaking that we keep coming back to. it really does not seem to be picking up anytime soon. francine: is this goldman specific or broader wall street problem? stefanie: this is a wall street. we have had each month, each week hearing about these companies that are making these cuts. other companies are reducing their workforce and morgan stanley cutting 3000 jobs

goldman is trying to get more into the asset and wealth management business. there are four or five years into the transformation where james gorman had 12% because wealth management is more durable source of revenue than other markets which there was a lot of hope there would be a rebound this year. with rates being high, inflation ceo uncertainty, looking at that being a 2024 story. ibly205 there was no djing while he was here. tech companies are dominating the market. where can investors look to rebalance their portfolioss? i will ask richard bernstein sometimes you're so busy taking care of everyone else you don't do enough for yourself, or your mouth. but eventually, it will remind you. when it does, aspen dental is here for you. we offer the custom dental treatments you need, all under one roof, right nearby. so we can bring more life to your smile... and more smile to your life... affordably. new patients without insurance can get a free complete exam and x-rays, and 20 percent off treatment plans. schedule your appointment today. (dr. aaron king) if yo

this is kind of a drill down from goldman sachs, and they see that hedge fund managers are being a lot pickier about where they put capital to work in the current environment. that new note by goldman says, quote, rising dispersion and falling correlations have signaled a market environment growing supportive of alpha-generation in other words, it should be a good time to be a stock picker goldman found broad selling within financials and big tech with specific exceptions hedge funds broadly reduced ownership in financials amid the selloff this year, but they did pile into jpmorgan, blackrock, and charles schwab fund managers had been increasing ownership of banks in 2020 and the first quarter of 2022, but in recent quarters, they had been reducing exposier even before that march turmoil in the regional banking industry hedge funds also sold out of some technology names cashing out after strong gains this year goldman says hedge funds did add to positions in companies exposed to artificial intelligence those like nvidia, but other names like meta and apple were among the stocks with th

goldman is trying to get more into the asset and wealth management business. there are four or five years into the transformation where james gorman had 12% because wealth management is more durable source of revenue than other markets which there was a lot of hope there would be a rebound this year. with rates being high, inflation ceo uncertainty, looking at that being a 2024 story. ibly205 there was no djing while he was here. tech companies are dominating the market. where can investors look to rebalance their portfolioss? i will ask richard bernstein i'm your overly competitive brother. check. psych! really? dude, that's a foul! and now you're ready to settle the score. and if you don't have the right home insurance coverage, well you could end up paying for all this yourself. so get allstate. trying vapes to quit smoking might feel like progress, but with 3x more nicotine than a pack of cigarettes - vapes increase cravings - trapping you in an endless craving loop. nicorette reduces cravings until they're gone for good. this isn't just freight. these are

goldman and the large banks fired nobody during the pandemic so a lot of what is happening at goldman now is just catchup and pruning of the lowest performers so i wouldn't have too much of a read into that i mean, do have lower for longer investment banking it is taking longer for all kinds of deals but several bank ceos said a couple weeks ago they see green chutes so pruning and it sends a message if you are not coming back to the office now, you are probably going back to the office after these layoffs. so i think that these firms are trying to send a message that bring that intensity level back up to where it was before the pandemic >> it is an interesting point but i wonder to bring it back to the whom le banking sector, the place you want to be in what we call the bread and butter consumer business or maybe you don't want to be if you have to pay out 5% but trouble in the market seems to be at the worst time. wouldn't that be the place to lean on for offsetting strength. >> for over 150 years, goldman sachs' greatest strength was capital market businesses and large corporations

goldman is trying to get more into the asset and wealth management business. there are four or five years into the transformation where james gorman had 12% because wealth management is more durable source of revenue than other markets which there was a lot of hope there would be a rebound this year. with rates being high, inflation ceo uncertainty, looking at that being a 2024 story. ibly205 there was no djing while he was here. tech companies are dominating the market. where can investors look to rebalance their portfolioss? i will ask richard bernstein age-related macular degeneration may lead to severe vision loss and if you're taking a multi-vitamin alone, you may be missing a critical piece... preservision. preservision areds 2 contains the only clinically proven nutrient formula recommended by the national eye institute to help reduce the risk of moderate to advanced amd progression. preservision is backed by 20 years of clinical studies. so ask your doctor about adding preservision and fill in a missing piece of your plan. like i did with preservision.

goldman is trying to get more into the asset and wealth management business. there are four or five years into the transformation where james gorman had 12% because wealth management is more durable source of revenue than other markets which there was a lot of hope there would be a rebound this year. with rates being high, inflation ceo uncertainty, looking at that being a 2024 story. ibly205 there was no djing while he was here. tech companies are dominating the market. where can investors look to rebalance their portfolioss? i will ask richard bernstein next. ♪ >> "barron's roundtable" body by global x, beyond ordinary etfs. visit foxbusiness.com/"barron's roundtable". your work is your calling. it drives your days and powers your nights. but if your teeth no longer work as hard as you do, aspen dental is here with smile replacement solutions that work for your life. whether it's your first step, or a fast fix, you can get in today for all your denture needs, all at an affordable price. right now, get 20% off dentures and make your smile work for you again.

another, another fee, another figure out who the goldman finds really considered to be $1.00 of that road . and that game will be a fantastic story. it's don't meant to manage with a win against mine's today to lift the bonus to get to our feet for the 1st time since 2012. tom good boy, endorsement. i appreciate your focus and perseverance, many facts. that's your news update. shift is up next, looking at how tech can break down barriers for people with disabilities. so i'll be back with the headlines in 45 minutes as always. there's more news and analysis on dw dot com. and of course don't forget our social media accounts. i'm michael. ok, thanks for your company. and bye for now, the guardians of truth i hesitate almost every point.

what did goldman sachs advise you in this contract that we're not sure exists and that goldman sachs? >> senator, the only thing i can do is give my memory of what happened again. i don't have access to the bank documents. my memory is very clear. it was -- we were looking to do things. one is worries equity and the other thing is to sell all portions of our effects portfolio. goldman sachs was the investment bank we worked with on both. as we were having the discussion with our board of directors, specifically the special committee of the board there was really the ones working with the management team on this. the direct feedback that we received from goldman sachs is that to show the purpose for the fund-raiser. the capital raise. otherwise, our capital ratios and liquidity were strong. we would need to sell the securities first to show the loss. and then to bring the capital on board later that day or the next few days. >> with goldman sachs, your advice on that sale. >> on the sale of the securities? >> that you just describing,. yes >> goldman sachs was the investment bank that

banking giant goldman sachs agrees to pay $215 million to settle claims that it discriminated against women. and, the new celeb side hustle of choice — we take a look at the star power dabbling in the drinks industry. we start in the us where there is still no deal on the debt ceiling. this is all about the amount of money the us government is allowed to borrow which has a self—imposed limit, a ceiling. without a raise, this would leave the us unable to pay its bills. on tuesday, president biden met with top lawmakers in washington, who are currently blocking raising that ceiling but they came away without a breakthrough. nomia iqbal was there. both sides came out of the meeting which lasted more than an hour, announcing there was no deal. both showing they are entrenched in their positions. the republican speaker of the house, kevin mccarthy, attacked president biden for not negotiating. his opponents came out a short while either — later saying republicans refused to take default off that table and mrjeffries called the publicly party as a party of magyar extremists. they have two w

what did goldman sachs advise you in this contract that we're not sure exists and that goldman sachst? >> senator, the only thing i can do is give my memory of what happened again. i don't have access to the bank documents. my memory is very clear. it was -- we were looking to do things. one is worries equity and the other thing is to sell all portions of our effects portfolio. goldman sachs was the investment bank we worked with on both. as we were having the discussion with our board of directors, specifically the special committee of the board there was really the ones working with the management team on this. the direct feedback that we received from goldman sachs is that to show the purpose for the fund-raiser. the capital raise. otherwise, our capital ratios and liquidity were strong. we would need to sell the securities first to show the loss. and then to bring the capital on board later that day or the next few days. >> with goldman sachs, your advice on that sale. >> on the sale of the securities? >> that you just describing,. yes >> goldman sachs was the investment bank tha

a new note by goldman sachs says, quote, rising dispersions and falling correlations have signaled a market environment growing supportive of alpha generation in other words, it should be a good time to be a stock picker goldman combed through q1 filings and found broad sellings within financial and big tech with some very specific exceptions hedge funds broadly reduced ownership in financials amid the sell-off this year, but they did pile into jpmorgan, black rock, and charles schwab fund managers had been increasing ownership of regional banks between 2020 and the first quarter of 2022, but in more recent quarters, they were reducing exposure, even before that march turmoil in the industry hedge funds also sold out of some technology names, cashing out after strong names this year goldman said hedge funds did add to positions in companies exposed to artificial intelligence names like nvidia, but others like meta and apple were actually among the stocks with the largest net declines in popularity so, so far, the group has yet to turn those picks into alpha, with equity hedge funds g

and later, a trip to brooklyn for a conversation with prosecutor turned congressman dan goldman. we talked about his prediction for the investigations into trump, and bringing people to gather with bagels. a little after 3:30 pm local yesterday, i gunman walked into an outlet mall and allen texas and opened fire. nine people, including the shooter or did. just in the last few minutes, president biden said the man was wearing tactical gear and armed with an ar-15 assault weapon. in texas alone the list of communities impacted by mass gun violence is horrifying. fort hood, sutherland springs, santa fe and el paso, midland, odessa. it was only a year ago this month. the small town of cleveland just nine days ago, and now allen. eight people killed for the crime of going shopping on a saturday afternoon. it is yet another reminder of why many of us don't feel safe with guns everywhere. every time my kids, aged five and seven, walk out the door these days, i am scared to death for their safety, and i know i'm not alone. if you do not feel safe at schools or places of worship, you are

when you are taking the questions from dan goldman yesterday, how do you explain the disdain?well, i think it's just the epitome that people have come to realize what washington is and it's full of elitist people. i'm not against making money. that's part of the american dream. that really wasn't what's happening. what was happening is that i'm a politician, i know better than you despite the fact that you were at all these places and also the fbi knows more than you do. and look, yeah, sure, dan goleman has made money, but the differences i earn my paycheck and i think i earned it pretty well back in 2020 covering all those different riots. >> will: great way to pr put it. it dan goldman made money in his lifetime inherited money in his lifetime and he's done particularly well as a member of congress in becoming pretty efficient stock trader. >> yeah, look, i don't cover finance, i cover the border, inner-city crime, riots. i'm not on the inside of those things, but you, yeah, i'd say there people who are are well versed that not have noted the kind of weird things that have

the goldman act and all of the laws that came before that. mr. chairman, i honor you, and thank you for allowing me to speak on behalf of these children. chairman: -- we are incorporating many of these into our reform bill, and are updates to access bill, thank you for that. focusing on these families who are here with their precious children, and precious -- and pictures that they are holding for us. it brings home again, this terrible crime, kidnapping which leads to parental alienation. it harms everyone, especially the child. but also in a very egregious way, the left behind parents. thank you for your leadership. i'd also like to know, -- >> chairman smith, ranking member wild and distinguished members. i continue to be honored to have been invited to return to offer testimony before the subcommittee to respectfully address my observations and recommendations formed from the perspective as an international legal practitioner, i'm testifying in support of enhancing the protections provided against the scourge of international child abduction

people have to move here because of goldman sachs in general.a moved their headquarters here a few years back. other companies had to move here because they were water supported by toyota. the wave effect of this is significant. it's a real competitor and competing against places like manhattan. >> will: now, we need to be fair. we are not in dallas this morning we are in fort worth. >> true. >> will: brother, sister sitting next to each other, rivalry, whatever. dallas is where the east, fort worth where the west begins. coal and colin, what i have been talking to them what they are passionate about may i sit next to you. >> sure. >> interesting, i said to cole, most people with education indoctrination are kids. you are still at tcu you are juniors why is this issue important to you. >> it's mainly because we see it affecting the college kids. pride in america is all-time low and no shocker when you have college students talk about america being a racist nation. you can't have pride in the country if you grew up believing they are racist. >> w

goldman sachs international equity strategist. we are still seeing live pictures of air force one that has touchdown in hiroshima ahead of the g7 leaders meeting. president biden expected to walk down the steps any minute. across these movers, let's touch and on the big story of the day in the u.k.. it is bt group announcing massive job cuts, 40% of its workforce. the stock is taking a hit there down a little over 8%. earnings coming through for bt. they are cutting staff levels from 130,002 75,000 or 90,000 by 2028-2030 saying they're going to have a much smaller workforce . the ceo has been targeting savings of 3 billion pounds a year. earnings were beat in terms of estimates coming in at just over 2 billion pounds in the fourth quarter. it is those incredible job cuts coming through for bt that are in focus for investors. the stock currently down a little over 8%. aston martin soaring. geely is now the third largest shareholder for the luxury sports car market. they now own 70% of that business. a big boost coming through it in

he claimed to work for goldman sachs and citigroup's, he did not. he claimed to raise money for a sick dog which we know he never paid for we can go on and on with lies but that would take all day. just this last week, is unethical behavior has been shown even more. the united states attorney for new york indicted him on 13 federal charges, seven counts of wire fraud, three counts of money laundering, two counts of false statements and one count of -- public funds. governor santos actually confessed to fraud in brazil. he used a fake name and a stolen checkbook. a business man was robbed and forced to pay out-of-pocket. governor santos has agreed to make payment to avoid further criminal prosecution. he has already admitted to lying and defrauding. he is an embarrassment to the house and the country. people want better from us and they want an honest and ethical government's in this house we receive classified briefings and he should not have access. we should expel governor santos. >> thank you for leading this effort long overdue to expel santos f

goldman sachs.outperform during this holiday season? michelle: yeah. definitely if we look at the data across the board, quite encouraging. looking at the numbers is going by 70% year on year, and it's back to 120% higher than pre-covid level. and also something more encouraging is for the revenue, for the very first time past the pandemickic impact and back to the 2019 level. on the flip side, we also see the overall retail sales are decent. having a 19% year on year growth and we believe this is on track of the recovery. shery: when we talk about chinese consumers their love of luxury goods. are we seeing that pop higher after the pandemic? michelle: yeah. so i think overall, we did see the trends in chinese consumption market, so top end consumers, the spending power is relatively resilient. so the spending has been pretty solid. and the debate right now is whether spending at home or they are spending abroad. but and we are seeing both the domestic and also the overall chinese spending on -- we

we'll get goldman's take on the bainseofwh wconkg llf ene me back all) a mountain?ree weathering a storm? (thunder) lions? nope. (lion rumbles) we do it with our people. >>> dow down 560 here, close to session lows regionals became the story of the morning very quickly getting hammered, pacwest, western alliance falling farther than most as this persistent banking crisis begins to infringe on the fed ahead of tomorrow's decision. steve liesman joins us, along with leslie picker with color from a goldman sachs call with how the market is changing views on whether or how regionals should exist. >> yeah. after yesterday's news, it really is a new world order for regional banks that's really what this well-timed goldman call was all about. with regional bank analyst ryan nash, he talked about how today's selloff relates to concerns that there was no systematic risk exception designation that covered uninsured deposits that needed to be enacted during this deal and that basically the regulators were willing to let the bank fail and then fall into the hands of the big ban

japan game and internet sector analyst at goldman sachs. with us. you recently downgraded nintendo to neutral back in february. do you stick to that call given the latest results? minami: yes. thank you very much for having me today. yeah. i actually downgraded nintendo to neutral in february. and why i downgraded is nintendo switch down cycle coming deeper and competitor expectations. and i still have a neutral weighting for nintendo. because what you mentioned, we have to see some downcycle and softer sales of nintendo switch in this fiscal year as well. and we don't have official news flow about potential new console. so far, we have to see more downcycle going forward. shery: how much support will new games like the sequel to the legend of zelda provide? minami: yeah. i think in -- an expectation that zelda can be shipped around the 20 million to 30 million. unit sales. but the company guides 180 million unit sales for this fiscal year. and it implied that the sales are really supported by existed older title because nintendo switches w

jari stehn, goldman sachs chief european economist.et's get the business flash now with sarah halls. sarah: gold giant newmont has agreed to by australian rival newcrest mining in a deal worth $19 billion. the transaction sees newmont consolidate his position as a world's biggest producer bullion with minds across the americans, africa, asia, and australia. it comes as global gold miners are facing a prospect of stagnating production and rising input costs. the u.k. and switzerland are kicking off talks for new free-trade agreement to boost ties between the two nations. trade secretary badenoch is set to meet her's was counterpart to date with formal negotiations begin to -- due to begin next week. the compromise for the two sides is a reduction in trade barriers in areas like finance and legal and professional services. vice media has filed for bankruptcy protection punctuating a rapid decline of the media upstart that once boasted a valuation of more than $5.5 billion. it follows a tumultuous few months for the company with its flags

goldman sachs will conduct analysis on gender pay gap. sachs said after more than a decade of vigorous litigation, both parties agreed to resolve this matter. we will continue to focus on our people, our clients and our business. the lawyers for the plaintiff says they believe the settlement provides substantial certain recoveries for all class members and advances gender equity at goldman. now, this settlement means the parties will avoid going to federal court next month, rebecca. >> significant settlement. big change for that industry. all right, stephanie. thank you so much. >> years in the making to get to that point. we have the nba playoffs now. thriller in game 4 of lebron versus stef. the lakers holding on for the win. they're now one win from the western conference finals. i don't have to tell you that, will reeve. >> you certainly don't. good morning to you. last night top billing in hollywood went to a role player who stepped into a starring role when the lights were brightest and brought the lakers and the kings one win close

including jim and nancy goldman and kathy and paul anderson. >> actually, you don't need vision to doost things in life. yes, i am legally blind, and yes, i am responsible for the user interface. data visualization -- if i can see it and understand it quickly, anyone can. it's exciting to be part of a team driving the technology forward. i think that's the most rewarding thing. people who know, know bdo. >> cunard is a proud supporter of public television. on the voyage with cunard, the world awaits. a world of flavor, diverse

goldman -- gorman is our topic right now.e will step down in the next 12 months as ceo at morgan stanley. he will continue at the bank as executive chair. weaving after years about succession planning. this is what he has been saying. >> i gave an indication i thought given my age that a five-year period felt very reasonable and they were very supportive of that. >> this organization i have been there many decades and it takes a long time to rise to the top. >> in the next decade will one of those be the ceo? >> there is a distinct possibility but i cannot guarantee that. i am giving the board choices. >> we have three executives that could replace me. they are all talented executives and we are trying to build the skill base and ultimately the board will decide who is best qualified to run the company at this point in time. guy: we've been inching toward this moment and that was the build up taking longer than a lot of people anticipated. the question of the day is a straightforward one. what is working without gorman? we ha

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i was at a goldman event and it reinforces why i own goldman you can go from top to bottom and you have the smartest, brightest people on the street, not to the exclusion of jpmorgan that i would love to buy or bofa but as a client of theirs, i mean, i would be hard pressed to find somebody who covers me as well as they do, who opens up the access to the firm, who has knowledge in every area, some of the most esoteric that could be the most helpful to me and get to david solomon on down to anybody. that's special so that culture, that's just not today. that's a culture they had. it's a culture they will continue to have why would i own the regional banks when goldman is well off its highs, too, and not worried about commercial real estate exposure >> how about you. >> i've said over and over i don't think that's a risk you want to assume i think it's encouraging that western alliance is, you know, communicating that its deposit growth is now at $2 billion. that means they've added on another $200 million >> up big today. >> along with pacwest. western alliance is still down 41%. pacwest

it was similar issues to m&a at goldman. thought i would have the chance of having a family, a bit more predictability in to work schedule. david: so you did it for 10 years, roughly? jane: 10 years. david: and you had two children during that time? jane: yes. david: you go to mckinsey and work your way up and become a partner there. you know, being a partner at mckinsey is a great job. so why did you decide to leave to go to citi? jane: i became a mom at the same time as i became a partner. and i worked part-time all the way through my partnership. [applause] yes. and mckinsey was fantastic about that. because i, you know, was able to spend time with the kids before they went into school. but then when they were then at school i felt like, ok, i can go back full time working again. and i, you know, i honestly felt like it was time that i could prove that i could do it, rather than just advise. david: all right, so you went to citi. at the time did you think a woman could, or would ever become, the head of citi? jane: i hone

that would be the goldman sachs economist who famously coined the acronym brick over 20 years ago. when we use a conservative government just a little jim. o'neil joins me now from london from a park. i think at lauderdale. thank you so much for coming on. i know you sometimes despair. the fact is the only acronym that is, uh, so famously allied to your name with the, with the added as obviously, um, as a g 7 nato, was it well with the are the see, it seems the russia, china, brazil president is being on this show me recovering off to us back who's against him and dillman was of, was it some kind of target list? the most amusing uh, no surprise. some people might think about why um, you know, what a, what a son style baz um. one of the only few things positively that happened on the back of global governance was the creation of the jury. each wednesday after the financial crisis, which of course brought the bricks, countries in with the most developed countries on the emerging nations. and here we have the g 7 in some ways trying to behave as those they still little the world. and

this is according to economists on goldman sachs. banking giant warned it expects the treasury to run low on cash by june 8th or 9th. matt egan is joining us now. matt, just how low does goldman sachs think cash levels could get, and also what we really have to acknowledge is you can't run right up to the 1st. you need a little wiggle room because even with an agreement there needs to be time to hash something out and get it passed through congress. >> reporter: that's absolutely right, brianna. listen, goldman sachs does see cash levels getting dangerously low. we have to remember that the federal government regularly spends more money than it brings in in revenue. that's why they have to borrow. but they haven't been able to borrow because they have run up into the debt ceiling and congress hasn't addressed it yet. so yes, they can buy time with accounting gimmicks, which is what they have been doing, but eventually that runs out. so in the meantime cash levels have really plunged at treasury. as of thursday's close of business, tr

that would be the goldman sachs economies. your famously coined the acronym brick of a 20 years ago when we use a conservative government minister. no, jim. o'neil joins me now from london from a park. i think at lauderdale. thank you so much for coming on. i know you sometimes despair. the fact is the only acronym that is, uh so famously i like to your name uh with the, with the added as obviously, um, at the g 7 nato. was it war with the r c? it seems the russia, china, brazil president is beat on this show on the recovering of to you as back who's against him and dillman resolved with some kind of target list. most amusing. i'm no surprise. some people might think about why. you know what a, what a son style baz um, one of the only few things positively that happened on the back of global governance was the creation of the jury. each wednesday after the financial crisis, which of course brought the bricks, countries in, with the most developed countries on the emerging nations. and here we have the g 7 in some ways trying t

goldman sachs noting if generative ai lives up to its promise, a fourth of u.s.. they say that's going to create trillions of dollars because of increased product tivity. >> sitting right over there talking about that when they did the original report on the produ productivity enhancements. >> one way to get rid of a tight labor market, i guess. feels kind of depressing when it comes to jobs. >> i can get you more depressed if you want. >> you know i go there >> you can't make policy on that now. >> on humanity, no. >> or on the productivity or job losses what the fed is going to see is a ten handle on yjob openings. >> that jolts number, that's key. that's reinforcing what mester is saying. >> employers have multiple listings for the same job. remote work is less relevant. >> it shouldn't be going up. it should be going down, given what the fed is doing. we have a jobs report on friday. labor market has socftened a bit we get a cpi number during may that comes during a fed blackout period we're not sure exactly how much weight they're going to put on it all of t

position is a medium term driver and a pair of upgrades from goldman sachs. raising each to a buy.dman calling it a player coming into view and the myriad profile is not reflected in the share price. shares of both up big in the pre-market up 9%. >>> earnings in the consumer is taking center stage with results from lowe's and dick's sporting goods and best buy lowe's reports at the top of the hour for the home improvement trends with customers less eager to spend on remodels the earnings on the back of home depot results last week and reporting the worst revenue miss in 20 years. let's talk more about this with michael who is our retail analyst. >> good morning, frank. >> looking at shares of lowe's in the pre-market. results coming up in 30 minutes from now what are you expecting and is home depot a read from what you are expecting from lowe's? >> we expect lowe's down 3% which is in line with the consensus. there is a chance it will be more cautious given some of the softer trends which occurred this year. in response to the second question, home depot is a read for lowe's this m

the likes of goldman sachs, j.p. morgan expecting cooling inflation leading to a u.s. stock rally but we have no expectations of what the numbers could look like. the idea is that the headline cpi will raise 5% year on year. it's something investors are watching closely on how that affects the rate hike path. treasury yields are higher. the two year yield remaining above 4%. oil prices gaining ground in the new york session under a little bit of pressure in the asian session as we heard the by the administration is replenishing the strategic reserves. reversing the earlier declines that we saw from the disappointing china trade numbers. haidi: we continue to watch the big political risk in the u.s.. kevin mccarthy says the talks will remain -- resume on friday. no progress was made in the meeting today. these talks were anxiously awaited. what did we learn? >> clearly no breakthrough today. both sides saying there will not be a near-term resolution. they going to come back and speak again on friday. it's hard to know where the common ground will be given that both side