goldman got off with a fine for careless storage of a weapon.r, shot at the shooter. who had my gun in his hands. 2 years ago goldman threw a noisy party in the center of krasnoyarsk, so pretentiously, together with his new wife, they decided to inform the public, who really didn’t ask for it, the gender of the unborn child. at that time , goldman’s child support debt for three children from his first marriage amounted to several million rubles. scandals did not stop goldman from living large ; at some point he began conducting personal growth trainings. shortly before fleeing the country, roman golman rented a three-story mansion in the udachny microdistrict, the house’s area is almost the same. rent price half a million a month, the journalists had at their disposal shots of the interiors, a spacious living room, a sauna, a swimming pool, a gym, a fireplace, a home theater and a billiard table. the owner of the house then said that payment was not received on time. i call, where is the money, they tell me, it means there will be assistants, th

goldman got off with a fine for careless storage of a weapon.ter, defending himself through the door, shot at the shooter, who had my gun in his hands. 2 years ago goldman threw a noisy party in the center. a traveler from the country, roman goldman, rented a three-story mansion in the udachny microdistrict, house with an area of ​​almost 1500 m2. the rental cost is half a million a month; journalists had at their disposal shots of the interiors, a spacious living room, a sauna, a swimming pool, a gym, a fireplace, a home theater and a billiard table. the owner of the house then said that payment was not received on time. i call, where is the money, they tell me, it means there will be assistants, they say, yes, yes, there will be, okay. although i really don’t like it when agreements are violated, that is, there is an agreement, there is an agreement, be kind, i say, please take everything, things, release territory. it is known that before leaving , goldman sold and re-registered part of the property and assets worth approximately 2 billion ru

scandals did not stop goldman from living large.personal growth training. guys, don’t ask, why does he have bentleys, yachts, and helicopters there? shortly before fleeing the country, roman goldman arendov. a successful multi-storey mansion in a microdistrict, a house with an area of ​​almost 1,500 km, the rental price is half a million per month, journalists had at their disposal interior shots, a spacious living room, a sauna, a swimming pool, a gym, a fireplace, a home cinema billiard table, the owner of the house then said that the payment was not received on time, i called, where is the money, they tell me, it means there will be assistants, they say, well, yes, yes, okay, although i really don’t like it. when agreements are violated, that is, there are agreements, whether there is an agreement or no agreement, i say, take everything, please, things, vacate the territory. it is known that before leaving, goldman sold and re-registered part of the property and assets worth approximately 2 billion rubles. the police interviewed

david: goldman is a visible organization. team that i have come of the partners that help us serve our clients, run the firm, we have had a high degree of confidence in our strategy over the last 5, 6 years. we continue to execute on that strategy. when times are good, things feel good. when times are tougher, things don't feel as good. we take a longer view, execute against that strategy. we just know that if we have smart people working together, collaboratively, driving for excellence to serve our clients, we will do just fine. that is our true north. serving our clients with excellence. jonathan: david solomon, thank you for your time. appreciate it. catch you in new york next time. that was david solomon of goldman sachs. back to you in new york. katie: our thanks to goldman sachs ceo david solomon and our own jonathan ferro. more coverage from the choose france summit this afternoon. brian moynihan will join us for an exclusive interview at 12:30 p.m. eastern time. you can take a look at what we heard from david solomon

of their money this is simply a client directed fund except it's run by goldman sachs and goldman sachskeep it up but that's exactly right the individual likely directed the $12 million donation to the people's forum in 2019 and the 12 million-dollar donation was the largest single donation that the goldman sachs philanthropy fund gave that year. goldman sachs gets really upset when you mentioned this because they pretend they had no choice and if any client wants to donate money to any group they are happy to oblige, i personally find that rise ebola. maria: you also reported that sing us an american businessman who lives in china and he reportedly helps finance the chinese communist party propaganda worldwide, tell me about the ccp connection here. >> absolutely neville sing him as a wealthy individual who moved to china and he calls themselves a maoist, his wife, if your viewers are familiar with code pink which is far left anti-war organization that defends china so the new york times has covered this individual and others have covered this and is proud to work with the ccp and atte

the civil case verdict, awarding the money to the goldman family and to you?st to make it clear. >> yeah, yeah. >> but yeah, it was the estate of nicole brown simpson for sydney and justin. >> it's always been about the kids, you know? so it will continue to be about the kids. >> reporter: we don't know if simpson had any remaining assets when he died. but we do know the brown family had to watch him return to the spotlight. reveling in the attention and music videos. ♪ on the golf course, celebrating himself. >> they call me juice! the juice! >> reporter: if nicole brown simpson's life had not been savagely taken, she would have just turned 65. >> oh my god, oh my god what would she look like? >> beautiful. >> i know, i know. >> she'd be fit. she'd still be running. >> yeah, she'd be running. i see her down at the beach. >> i do, too. >> yeah, playing with the kids. not the kids -- >> the grandkids. >> i love the videos. because for me, the videos -- i mean, as hard as it is to hear her speak and to see her moving, and she's alive -- i'm like, oh my god, that

and goldman is very, very good at being goldman.ment banking, ultra high net worth focused. they're continuing to grow other lines outside the retail. they're custodial business growing into the ria, the management business continues to grow. for me it's just their trading and dealmaking is so core to their revenue, and they're very good at that. we see the ipo market heating up. we see m&a heating up. even with high rates, we see more and more deals getting done. goldman is one of the leaders in that field. they also then continue to look beyond that. let's get into the alternatives push that most asset managers are getting into. that's a new revenue stream that goldman hasn't had a huge chunk of that they can continue to push more into. i've seen this as early innings in goldman rally and buy any dip, and i can see the stock at 500 maybe by the end of the year. >> wow. let's go from your three buys to the bail for the group. a name that's rivaled nvidia with gains but is less will known. constellation energy up 84% since january.

i used to work at goldman. if you go to goldman you can do it but it is not accessible to anybody tha --. you get accurate election forecast. i believe it is important the next 10 years to bring more truth to the system. election markets can bring more truth to the process. >> we have a very little time left. i am worried about what a different administration would read the contract side. even if the current administration comes down hard on the project -- product you think i donald trump administration would treat it differently? tarek: there was a headline that there is no good reason for such a ruling. i leave politics alone. it's just not my job. i do know there is a lot of internal dissent in the commission. there is disagreement over what happened. some are calling this a blockage that is potentially illegal and against the first amendment and we are seeing a people in congress with letters sent by senators and representatives about this. you are banning categories of legitimate economic activity. potenti

good to see you. >> david solomon, ceo of goldman sachs.head here, exxonmobil ceo, since they oscled that deal to buy pioneer. don't go anywhere. in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo . >>> we are back here in los angeles. exxon mobile completed its deal to acquire pioneer resources last week more than doubling its footprint in the premium basin. darren woods good to see you. >> good to see you. >> first time you've had chance to talk with us since the deal was completed. you had to do a deal with the ftc,sheffield is not on the board, but what happens now in terms of the things you've discussed and actually happens on the ground, particularly in the permian? >> now we get busy creating the value that was the premise for the deal. we've spent the last six months working with the clean team with pioneer thinking about integration plans loushgs we bring these two organizations together. i tell you today, david, i'm more confident than ever tha

goldman sachs and j.p. morgan, they are best in breed. goldman sachs has repositioned themselves. executive management has done a phenomenal job in shedding the businesses that are not working under focused on the businesses that are. it is the capital markets, the advisory business and the investment made in technology the last several years. it is coming to fruition. >> that was a lot. 23% is a lot. a lot of exposure. it is especially leveraged to the space given your strategy. you have to wait things out to see how things move. the space over the last month as a group is up 7%. it will really continue. you call it the sweet spot. >> i think it is. look at the activity in the insurance industry. whether it is progressive, hartford, jabba. we have recommended it on halftime report. my final trade multiple times. >> the secret is revealed. >> they are watching the halftime report. >> they are listening to somebody, because that was their secret, the position they had been building. >> we know that is where the pressure is. private equity is there as well and we have ownership of a

goldman, evercore. >> i get it. there's nothing wrong with owning apple but, again, i have to pick and choose where i will get the best performance. to me, if what you're saying -- to read into what you're saying -- if tim cook didn't come out and talk -- and wanted to talk about spending on a.i. but said, hey, look what happened to zuckerberg and meta, so i'm not going to do it, that's no way to run a company. he's running it quarter to quarter. think longer term. who cares what the market does in one quarter? >> you're telling me -- how many rabbit holes do you want to go into? you're telling me tim cook is running apple quarter to quarter? >> that was the comment. >> i think you're responding to what i was saying. i do think they have -- they're going to have a very well-articulated a.i. strategy. no doubt apple will have that. in this moment, however, the inflection point, they came into an earnings season where china wasn't as bad, where they had strong services and they had plenty of cash to announce this buyb

either adams >> goldman was underperforming the s&p until about mid-april.t just took off like a rocket >> well, i always find, say, investing bank momentum continue give me an equity offer if it's continuing that reddit deal was very good morgan stanley deal did great. will we hear tonight, a.i. could redefine industrial cost structure, productivity is real, other than jpmorgan, which has spent a lot of money on this, i don't see the great productivity gains. i think the banks are going to have to start pointing out where they are i don't see them >> right we've been trying to get them -- well, jpmorgan did quantify their use cases. >> they're the ones. >> i'm not sure how much that is worth at the moment, right >> well, if jamie had not talked about succession, the stock would have been up i was like, you know, i was amazed how much time he spent killing the stock. it's like, hey, let me kill the stock here >> what's he going to do, work forever? >> i don't know. i mean, there's -- there's -- i don't want succession. if i want succession, i'll go season fo

goldman sachs, the stock has been around new highs. the price target goes to 525 from 478 you want to give me something, goldman sachs, you recently added to it. >> i did and i think as it relates to goldman, and when we talk about underwriting and capital markets, i think that bottom last year, and guess what, even if that's more of a 2025 story, we all know that the narcmarket forward-looking mechanism. it's prudent to obviously make a move and get a position here it's been a core position. the stock is up 20% year to date 19% in the last three months i think there's continued momentum here, and i think it deserves an allocation in your portfolio. >> what about goldman, 5:25 price target >> i'm fine with that. i know the feeling toward financials is 23% sector exposure the entire sector is rerating higher it's an environment when you look at the potential for a steepening yield advisory fees to gain momentum you're seeing trading environment being strong look at interactive brokers, how well it is trading currently i think that valid

seems like they got tired of private credit eating their lunch at goldman?unlike most of their major competitors, goldman is a veteran in the niche of prime credit. $100 billion in assets. remember, their goal right now is to really turbocharge the asset and wealth management. it is undoubtedly the busiest and busiest set of asset classes. katie: seems like if we go into jpmorgan chase, wednesday there will be hell to pay. what did he mean by that? >> don't you love it? a few hours later jp morgan, one of the top rivals came out and said that there will be hell to pay. he's talking about the delusion into the asset class. you are getting into asset classes with individual companies and you are not a part of a broadly syndicated group. small tickets in a number of launches. when it is a single company, a bad situation and adverse situations and adverse market situations, you can trust veterans are able to find good deals when there is a problem to figure out. figuring out how to get out of that sticky situation. for some of the newer entrants, we are not sure

and then, you know, goldman sachs was making new highs until today. this idea in the capital markets financial conditions are still pretty loose you have volatility in credit spreads at multiyear lows. to me it's pretty strong underpinnings. the market finding its way to stay supported even if every time we've gotten into trouble in this market the last couple years because everybody kind of all of a sudden believes the soft landing thesis and nothing can go wrong. i'm not sure we're back at that yet. i question if a 5% wobble in april was enough. >> jamie dimon, you know, wonders still whether people are too optimistic on the soft landing trade. not to mention that, you know, that stock, jpmorgan, hits a new high today, then it pulls back, you know, they're having their investor day, he suggests i wouldn't buy back a lot of stock at these levels like he's calling a top on his stock because he can't believe how much the stocks have continued to run what do you make of his commentary >> i think he's being pure department and in the past he's been cauti

things are looking up for goldman sachs.d be the kind of stock that works here rather than waiting for pullback on a small position here hopefully they could buy more shares on the way down but charts by fitzpatrick says they just got their group back. and they will have more room to run and it wouldn't surprise me if that wasn't exactly what it has. let's take some calls. let's go to reston in california. reston. >> bouillon jim . i've got a small little company on the west coast called paypal. into improving guidance, they have a background with the current leadership, is this stock a good play? >> i did work on this last night that i was apprised the stock finished down after being up by a couple but i'm with you. i think that this guy, alex, just fantastic. i was so impressed and that was eight points ago. i think you've got something with paypal because management has this inexpensive stock. it's right for a merger. i'm with you. >>> goldman sachs going higher in this would not surprise me. the numbers are very good. mu

goldman sachs. welcome back tech stocks taking a hit today nvidia sliding more than 1%. nasdaq now on pace to snap its five-week win streak let's bring in tony pasquariello, head of hedge fund coverage at goldman sachs. got a real good eye on what the biggest money is thinking and doing. welcome back >> thank you, scott. >> you've been pretty much urging investors to remain fairly positive, if not bullish. >> affirmative >> month coming to an end. now what >> we should call it what it is which is a pretty tricky week that closes out an otherwise totally respectable month. so i don't want to dismiss this week because it's been messy and really messy in specific parts of the market. >> right >> i'd say point to point we're looking at s&p 500 up 4%, nasdaq up 5%. could the market do some work, i think it will for sure i think the big dynamics more broadly are still favorable. why do i say that? we think growth is fine. we think the u.s. growth call it 3% this quarter, this year that's a big backdrop fo

that is why goldman is so interested in this, because it provides that forward-looking headlines fornvestor clients. >> should i presume that many of the retailers will be part of our database? >> yeah. we induced two thirds of the economy. we have 3200 brands. we don't just do retailers. we do financial services, airlines, healthcare. it's the full wallet of the consumer. >> do any of these companies, not pay you to skew the data, but pay you to get the data? >> yeah, that is the business model. the way we make money as we have a syndicated data product that is used by corporate leaders, and corporate leaders need an independent view of what is really going on. that's us. >> we can only have so many secret customers, who might tell us, really, what is anecdotal. we don't want anecdotal but you are anti-anecdotal. >> yes, and we believe absolutely in the feedback of the crowd. we don't survey people. we listen to them. what i mean by that is, when you sign up for a hundredx program, you pick the brands. you say, this is why i care about, what -- why they are good, and how i'm going t

goldman for cleveland.rs old, has been on wall street for 30 years. her recent role was head of gold -- financing at goldman. her previous roles of the firm included global treasure, head of short-term macro trading and global head of repo trading. she left in february, that was at a time when a number of women were leaving goldman complaining they were being passed over for top jobs. she had been thought of as a potential cfo for the investment bank, she took the current role in 2021 and the idea she would work up to it but she got passed over for that job and while she did not say that's why she left, that was the inference that a lot of people took away. she was head of the treasury borrowing advisory committee, a group of wall street traders who talk to the treasury department on a regular basis about what's going on in the markets and help make the policy for financing for the united states. so she is familiar with the people in the government financial system. she's going to take office on august 21.

that raised the price out of the range so this will be a very important litmus test >> talking to goldman, that might feed momentum. see you at 5:00. let's get to "the half." >>> welcome to "the halftime report." i am scott wapner. front and center this hour, the amazing resilient and maybe soon-to-be record-setting stock market getting close to another major milestone. the investment committee on how to play things right now joining me for the hour shannon saccocia, steve weiss, bill baruch, jim lebenthal. we do check the markets, we're at session lows. we're still green, though, for most of this market. the s&p is barely hanging on the big news, obviously, weiss, we're roughly 1% from a new record high on the s&p 500 tom lee says we're still a buy in may jonathan krinsky, the path of least resistance, new highs. are you on that page, too? >> i'm on that page for now for sure after powell's dovish comments, and i said this last week or the week before, after the market sold off a little bit, what's going on here? he put a flurry into the market and said no more rate increases. so if you

there is more coming up including conversations with the french president and the ceo of goldman sachsstay with us. this is bloomberg. ♪ tom: welcome back to bloomberg daybreak: europe. making the news this tuesday, melinda french gates is resigning from her role as cochair of the bill and melinda gates foundation. in a post on x, she announced she is ready to move to the next chapter of her philanthropy work. she will depart with an additional $2.5 billion she has pledged to commit to her work on behalf of women and families. anglo american rejected a second takeover approach from a rival minor, bhp. they valued anglo at $43 billion. bhp is seeking to buy anglo for south american copper assets. bloomberg learned four parties in talks to form the next dutch government planned to cancel a 15% tax on share buybacks. the netherlands introduced the tax last year on share buybacks which is scheduled to come into effect in 2025, and it signaled -- trigger day cellophane shares when it was approved by the dutch parliament. a former ubs risk manager has slammed archegos capital management for

data dogs down a bunch you got that service now is in the news as well, reiterated at goldman sachs. these growthy names getting play today and what it means for the trade overall. >> in the case of palantir and data dog, you're talking about two companies that came into the quarter with very, very high expectations just in terms of the ownership we have in the joet etf with this palantir we purchased at $16 the end of january. data dog we purchased just at the end of april, so you know which one looks better than the other one. in the case of palantir, it's really you want to phone cuss on the growth in the commercial segment, a company that traditionally you think about the revenue growth coming from the exposure to government itself i think the problem with palantir, along with having high expectations, is the free cash flow generation declines significantly, down 50% here so you have to think about this stock similar to what you heard from meta. where they're telling you, listen, we're going out, but we're spending on artificial intelligence platform. we have to make that spend o

let's move over to morgan stanley's biggest rival witches goldman sachs setting up a regional base in saudi arabia. what we know about that firm's plans in that region? sally: goldman sachs is the first wall street bank to get a license for its regional hq in riyadh in saudi arabia. it comes at an interesting time for saudi arabia and riyadh which is a conservative city. alcohol is banned there. it is trying to emerge as a financial hub. while we don't know how many staffers it plans to locate, we know as per new regulations in saudi arabia introduced in 2021, it has to have something of a substantial base with at least 15 employers. those regulations were designed at limiting what has been termed economic leakage or preventing too much state spending and state-funded going to businesses that don't have a substantial presence. scarlet: always fascinating to see how the bank is strategizing its expansion. the third story i want to get your take on is jpmorgan chase looking to make a purchase. this is to bolster its private credit business to private securities overall. why is jp morgan

goldman, morgan stanley, citi, barclays.ever, i don't see the ipo market opening up, and this has been told direct to me, bankers, as a matter of fact, for a company we're looking to ipo, until next year. maybe you get surprised early in the first quarter, but generally they're thinking mid-'25. you have that expectation. sometimes the expectation is better just as we see with interest rates, but the pipelines are huge. >> which is why there's optimism about capital markets returning, right? it becomes a trickle, the spigot opens and it's a rush of activity. >> right. you've only had four ipos this year for tech companies. only four. think of how many want to come public. it's going to be great, a great business. yeah, i see nothing wrong with buying it here. if you didn't buy it when i bought it, jason. >> he bought more. he probably owned it before you got in. >> he didn't listen. >> worrying about his hair lines. >> wouldn't you be? my wife won't give me a straight answer either. >> jenny, you bought bristol-myers in your

the goldman sachs ceo also sitting down with us at 3:30 p.m. u.k. time. don't go away yet.day" is next. this is bloomberg. ♪ hi, i'm tali and i lost 85 pounds on golo. (upbeat music) i started golo because i was unhealthy due to my weight. the minute i started taking the golo release, i knew it was working. i was not hungry, and i did not have any cravings. since losing weight with golo, i'm healthier now than i've ever been, and my doctor is thrilled. golo is so much more than weight loss, it's gonna give you your life back. >> good morning from london, this is bloomberg markets. less than a half an hour away -- less than one ho

ron goldman would be stabbed at least 15 times.mes in the neck and scalp alone. for the past 30 years, the brown sisters have fought for the protection of women in abusive situations. >> this is denise brown, sister of nicole brown simpson. >> reporter: denise helped secure funding for the violent against women act. >> we are going to stand up and say no. >> reporter: has traveled the country using the power of nicole's story. >> i sit there and i go, why did it have to take my sister? why did it have to take nicole for people to understand that domestic violence can kill? >> reporter: and now, after all the long decades of anguish, last month, o.j. simpson died from prostate cancer. did that have a profound change on you immediately? >> it's very confusing. it's very complicated. but i have a relationship with the kids that means everything to me, and i was just very, very sad for them. very, very sad for them. >> reporter: after o.j. simpson died, some people wondered if his brain would be studied for traumatic brain injury. the

two weeks ago he told us about goldman sachs and that thing has been on a roll.he's seeing from crowdstrike. the cybersecurity number run by george kurtz reported an excellent quarter at the beginning of march. then a couple weeks later they announced a big partnership with nvidia they're using ai to build automated cyber defenses for the enterprise of course by the time we got to mid march growth stocks had gone out of style. which is why wall street didn't care and the stock pulled back hard. even though nothing was wrong. before finally bottoming on april 19th. since then it's rebounded from 280 to 339. so what does fitz see here? what does he like? take a look at crowdstrike's weekly chart. when you take the long view on this one you can see this stock's been on a tear since its lows in january of 2003. i'm sorry. 23. wow. up more than 260%. you can't see exactly how big this is. this is a monster run here. it's had a phenomenal move. but consider the big picture for a second. all right? fitz thinks it's only just begun its next leg higher. even in this remar

there is a freshman democrat new york congressman dan goldman trying his best right now to tear downmer president and republicans kind of as a whole. more of that happened during a subcommittee hearing yesterday. well, a fellow new yorker, congresswoman stefanik, republican. went after that. watch. >> he announced his candidacy for president two years before the election just so he could bring in three witnesses and the entire republican party to say election interference, election interference. these investigations long pre-dated it. all the republican majority is trying to do here today is law fare, is interfere in ongoing criminal investigations that our system is perfectly well equipped to handle. i yield back. >> gentlemen yields back. ms. stefanik. >> i love being able to respond to the novice from new york. first of all thank you so much for stating the obvious that political law fare is election interference. thats what we're seeing with the sham alvin bragg trial. >> harris: first of all she called him a novice. he shouldn't be in that job. whatever. he is elected. yeah, tha

. >> right >> goldman, highs.he only fly might be whether you think utilitys are a cautionary tale or not >> i'm not doing that anymore. after reading constellation energy -- there's only 15 stocks in the utility index, which was started in january in 1929, inauspicious -- but those companies have growth. this is a quiz for david because he's an older gentleman. the utilities are doing so well that what nuclear power plant may be reopened for constellation energy come on, it's "jeopardy! >> indian point? i don't know three mile island. >> three mile island it was a video "jeopardy!" question >> you think the power generation story makes utilities less of a defensive playbook >> now -- >> wait a second are they really going to reopen three mile island? today? they're talking about it, yeah it's a really good story in the paper. >> there were a bunch of plants, and the one that didn't have a partial meltdown didn't close until 2019, but the thing about restarting it -- >> i didn't mean to get in your -- >> that's ok

congressman dan goldman joins me on that ahead. lawn disease? been going around.eople have it and it's not... pick up a bag of the new scotts turf builder healthy plus lawn food today. feed your lawn. feed it. (psst! psst!) ahhh! with flonase, allergies don't have to be scary. spray flonase sensimist daily for non-drowsy long lasting relief in a scent free, gentle mist. flonase all good. also, try our allergy headache and nighttime pills. [music playing] tiffany: my daughter is mila. she is 19 months old. she is a little ray of sunshine. one of the happiest babies you'll probably ever meet. [giggles] children with down syndrome typically have a higher risk for developing acute myeloid leukemia, or just leukemia in general. and here we are. marlo thomas: st. jude children's research hospital works day after day to find cures and save the lives of children with cancer and other life-threatening diseases. tiffany: she was referred to st. jude at 11 months. they knew what to do as soon as they got her diagnosis. they already had her treatment plan drawn out. and they

so goldman's right.lion barrels a day from where we are now and then stay there for years to come. part of that is they're slowing ev adoption theory, where they see kind of ev adoption spike. everybody, early adopters who wanted one maybe already has bun. they're growing slightly, but not enough to put a major dent in global oil demand long term, because, joe, as we know, oil and we're learning. a lot of people thought use oil for gasoline. that's kind of -- no! oil demand is half of transportation for consumers. you got things calmed airplanes. got things called ships. you got plastics. you got resins. all of these things that oil -- by the way natural gas, also, go into. goldman very bullish long-term, joe. we will see if that kind of demand estimate impacts what opec does or does not do virtually on sunday. >> amazing. where were you -- you had airline tickets? where were you headed? to our spot? >> well, our spot, and we'll always have the cove but, yes, ready to go. happy to say that mrs. sullivan

. >> well, still, i mean, goldman chart yesterday, since 2019, u.s.roductivity is beating any other developed economy by five percentage points. >> let me send that to jamie while i'm on air i'm going to quickly get that to jamie, because that's the kind of thing he used to talk about i want the old jamie he said, it's cataclysmic, but we're going to crush it. it's like watching "the red shoes. very good movie. >> i like that good call. our thanks to our colleagues in cnbc asia for the dimon sound, by the way >> that's fantastic. otherwise, maybe you didn't realize. kind of like harrising butger. >> still to come this morning, a closer look at the doj reportedly going after livenation over ticketmaster's domination of concert sales. >>> so many names to get to. lomoduntndsnow, baba, po a a t re when we come back you need an idea. it's a pillow with a speaker in it! that's right craig. a team that's highly competent. i'm just here for the internets. at&t it's super-fast. reliable. you locked us out?! arrggghh! ahhhh! solution-oriented. [jenna screams]

joining me now is the chief china equity strategist at goldman sachs.o have you on good morning from london >> good morning, frank thanks for having me >> we were talking about the out performance of the chinese indices with the s&p you actually believe chinese equities are under valued and have a big upside left to go i want to go with the blue sky case what is the blue sky case for the year with the chinese markets? do you see tech continuing this level of out performance >> yes, frank, over the past three months, china and china equities have been the best performing global market since the end of january looking ahead, even after the 24% recovery, the valuation levels remain quite attractive in our view. at the moment, our benchmark is trading on ten times forward earnings which is still about one division below the past five-year averages in looking ahead, the very positive and potentially powerful catalyst would be the corporate governance reform in china. a few weeks ago, the state council revealed the ones ce in decade measures. on our estimate,

our guests today including sara naison-tarajano in goldman-sachs.n the meantime, take a look at the scorecard. we're still less than 1% away from those new all-time highs. may not get there today. we're led by apple and some of those higher beta growth names and we're watching alphabet shares closely today as openai refreshes its chatgpt chat bot, what it means for investors as well >>> in the broader markets, well, most s&p sectors seeing modest losses today. small caps are outperforming yields are down. so, what else is new the russell is up. we'll watch that over this final stretch. it does take us to our talk of the tape, whether the bull market is at serious risk or not. let's ask dan greenhaus, chief strategist for solis you see the barons over the weekend? "dow, 40,000, so close you can feel it. why you should fear it." and make a direct line to the cpi because that's coming up on wednesday. ppi is tomorrow. they say recent history points to reasons for pessimism at this rate, investors could be betting on rate hikes instead of cuts before th

goldman is up against an important internal trend line. it hit its head each time when it has rallied to this level my thinking if you're long, take some profits or sell some calls with new money i would rather be short than long. the setup for american express is identical look here tooz this is a steep uncorrected move in american express. far above its 150-day moving average. more than double the performance of the s&p since the october low, and it, too, on a longer term chart is up against its internal trend line to the penny. both are full as the expression goes. >> mike, do you think they are full as well >> well, i mean that's i guess a technical question and you already asked the right person on that one. as far as the fundamentals go, american express is growing their bottom line better than 14%. so their earnings growth is double that of the s&p and yet it trades at a discount to it. you know, unlike goldman sachs which would be more of a cyclical story, you know, they're part of the ol gop ply in the payment space talking about

the goldman sachs philanthropy wing. they also supported black lives matter and the day of they took the hamilton building over at columbia university, remember that? that was after singman addressed a group of about 100. they end up being outsiders to go into columbia and go take a building, professionally because they know how to do this. exactly in their training manual. goldman saks has a throat answer for, who are you giving your millions of dollars with? you are talking about 450 medal. what do you think they are going to do with that? make america a better place? >> charlie: if you don't recognize the democrat party today, this did not happen by accident and it's really strange to look around and see john fetterman is like one of the handful of democrats making sense right now. >> brian: can i give you another one ritchie torres of the bronx. democrat. he says i urge them, goldman saks, to cut ties with this group after a tape emerged of one of their leaders spewing nazi hate, calling for a final blow to israel in

>> goldman says if the judge rules google is an illegal monopoly.range of punishments. >> you could imagine mandating some kind of choice. you could prevent the distribution agreements altogether. you could impose significant financial consequences on this. you could require apple to do some other kind of competition or beauty show in order to pick its winner. >> goldman says the most extreme measure would be in order to break up google, but one concern is whether any remedies will hinder future growth in the industry. >> the technology will keep moving, but the remedy doesn't evolve and it gets out of sync. >> it is expected the federal judge will issue a ruling by late summer or early fall. from the newsroom jana katsuyama, ktvu, fox two news. >> san jose is launching a partnership with an ai company to expand their translation services for public meetings. wardley offers live translations in 50 languages and will soon be available at all city council and committee meetings. it will cost $82,000 a year, compared to $400,000 for live interpreters.

goldman is up 38 these are percentage gains bank of america, 31. wells, 41. citigroup, 41.is he telling us to lighten up our positions in these kinds of stocks >> well, if you were a trader, i think you could. no question about it i think you have an environment where certain things are improving as it relates to the banks, and certain things are decelerating as it relates to the consumer we talked about that you have somebody that runs the best bank in the world net interest margins for jpmorgan they have to pay less for deposits than anybody else right? if the market were to get weaker, they will capture a market share like they have every single time it happens you are dealing with a different circumstance with this bank than maybe others >> joe >> i would agree with that that's the reason why i own jpmorgan, and i think it's going to go well above 225 we have significant exposure to the financial sector now we are at 23%. that's well beyond what the s&p 500 is now, it's not isolated to money center banks, and it's what we were talking about, it's in asset managers and i

goldman sachs raising their target from 10,000 to 12,000 on the supply deficit. let's cross over to asia where avril hong is standing by with a gauge on the asian markets. how are the markets playing out today? >> they play out in a divergent fashion. if you look at japan and south korea, the nikkei playing catch up after a long weekend. in china, the equities are sliding, hang seng on track to snap a 10 second winning streak. that's the news flow on the real estate friend. top-tier city relaxing some of these homebuying restrictions. this is a mixed bag and asia stocks. flip the board because i want to take you down under where we see an interesting picture emerging. investors bracing for an hawkish iba. we will find out more from the governor later this hour. this is taking a leaf out of the fed's playbook last week. the take away shows we are likely to see a rate hike from the rba this year. australian stocks extending gains as of the bonds. the aussie sliding toward 66 u.s. sentences. flip the board again. i want to draw your attention to what was the dollar.

any the u.s., blue-chip names like j&j, goldman, ford and mcdonald sold debt this week.here were more than $20 billion worth of sales driving the yearly total to $720 billion. also of note, is in its development companies are getting in borrowing spree. the morgan stanley direct lending fund and blue l credit both was sales this week, bbc's invest in small and midsize firm typically too risky or small for the bank should goldman-s christina minnis remains positive. >> credit has been a good place and people have made good money in credit. we have a reasonably strong economy. people's earnings are reasonably strong. it feels like a good time to be investing in credit. things look decent. if we look at the forward calendar, it is manageable. if you look at inflows into high-yield funds and loan funds from last time, this time last year to today, we are up 19 and 16 million to there's a lot of money that has flown into credited sonali: joining us -- into credit. sonali: joining us as the head of credit strategy at ubs and the global head of high-grade debt syndicate at well

do we know for sure dan goldman coaching michael cohen. >> we know met with cohen a number of times same congressman paid over 157,000 dollars, to merchan for political consulting that yet another conflict not surprising the case rife with issues to think jury will not pick up on it really, really disconcerting you think you want to hope two attorneys on this case will see, that there really is no legal merit at all there is no evidence here, and the case truly crumble. >> on the other side what krysia is talking about could be met for coffee talked weather you know those things are hard to prove -- you make allegations up of to progressive it at the end of the day on the other side of this even though so many holes in alvin bragg's case have been, public characterized enterprise from us outside the courtroom what is happening inside the courtroom, they talk about the fact all of this is about the jury. and the things you think jury are going to zone in on, you know listen take notes not what those of us on outside are zoning in on in particular some salacious details that certainly had

but that was picked up by newsmax as somehow democratic congressman dan goldman was helping to depose and prep michael cohen for his cross-examination or for his testimony, so someone you know very well and have covered for years, kari lake, the senate candidate, republican senate candidate in arizona, she seized on that and said, you see, you know, there's this whole conspiracy to try to make michael cohen look good, in other words, that congressman goldman was preparing him for his testimony, which he certainly was not. and that's how these things get woven. >> this is all part of they're saying that they're all part of saying this is a coordinated effort between the democrats and the white house, democrats on capitol hill, daniel goldman wasn't a member of congress at the time in 2019, when he was working as the lead counsel for the first impeachment inquiry into donald trump back in 2019. but kari lake is somebody who propagates this conspiracy, this is an entanglement. frankly, what we heard from others, matt gaetz and lauren boebert, again, was repeated attacks on judge merchan,

. >>> in the meantime, goldman sachs sees stronger protections with four key mega trends with a.i.osting the sector. i'm pleased to say the chairman of infrastructure at goldman sachs alternatives joins me in the studio. good to have you in the studio. let's talk about the opportunities in infrastructure. where are they? >> it is worth stepping back and thinking about what is infrastructure. it is the physical backbone our societies need to function. think of transports, roads, ports, airports. you think of energy and utilities and all of the complex to transport and store energy. think of digital infrastructure from mobile phone towers to the data centers and social infrastructure. i think we see a conference of factors today that is extraordinary whereby there is an energy crisis or climate crisis where we are in a rush to reach net zero. we have an energy security crisis with the war in ukraine and we have to be more independent with sourcing our energy. then you have the revolution of data centers and artificial intelligence. that requires a lot of energy. just on the energy si

but goldman sachs this morning came out with the most bullish report i have seen, and this is what iss you see a couple lawsuit wins, which they have not come to trial, and missouri is the most pro plaintiff state in the union, and if you bring a case there, people presume you are going to lose. >> mcdonald's, the u.s. chief with the memo about what he would argue is pricing misinformation. you talked to chipotle last night. i don't know if have you seen mcdonald's versus the s&p so far this year. it's remarkable. >> sit is remarkable. i got the note last night. this is from a terrific guy, joe erlinger. he said the big mack will go to 5.29, and that's an increase of just 21%, not 100%. i read the note and said mcdonald's is not being reported on correctly, so i felt like when i got this i would come forward and say this is a significant change from what a lot of people are saying. >> a reminder that franchisees set the prices, unless it's a corporate-owned store. is this a trend of what? >> well, last night chipotle has the most expensive fast-food and they are great numbers. great

to pay millions and millions to nicole's estate and ron goldman's family.he gave his children through nicole's estate. today, where is it all? the civil case verdict, awarding the money to the goldman family and to you? >> it wasn't to us. we didn't get a penny. just to make it clear. it was the estate of nicole brown simpson for sydney and justin. >> it's always been about the kids, you know? so it will continue to be about the kids. >> reporter: we don't know if simpson had any remaining assets when he died. but we do know the brown family had to watch him return to the spotlight. revelling in attention in music videos, on the golf course celebrating himself. >> they call me juice! the juice! >> reporter: and if nicole brown simpson's life had not been savagely taken, she would have just turned 65. >> oh my gosh. that is fast. oh my gosh. what would she look like? >> beautiful. >> i know, i know. >> she would be fit. she would still be running. >> yeah, she'd be running. >> i see her at the beach. >> i do, too. >> playing with the kids. not the kids -- >>

and goldman is a democratic representative from new york.e now. well, you got a response. what is your response to the response? >> it is pretty shocking. the fact that justice alito thinks he can be the judge and jury of his own impartiality flies in the face of supreme court precedent, flies in the face of the constitution, flies in the face of federal law and completely miss applies the standard he is supposed to be applying. even given the fact there is no binding code of ethics on him and he essentially gets to decide this himself. but the standard is whether a reasonable person, whether a person could reasonably think that he has some degree of bias or partiality. it is not whether he does or doesn't. it is whether it is reasonable for someone to conclude that he has an appearance of a conflict of interest and for him to actually say in this letter that it is completely unreasonable for anyone to think that when he flies a stop the steel flag or the flag is flying from his home, that that somehow is not reasonable 11 days after january