steve wozniak among those complaining of gender bias for the new apple credit card and goldman sachs.he latest from goldman. first, to our top story. wework ceo's search is said to include t-mobile ceo john legere. john legere has ties to softbank. this comes at the same time as legere is pushing for a merger with sprint, whose owner is also softbank. walk us through the news of today. ellen: as we reported this morning, it seems like he is one of several names up for consideration for a ceo search fo for wework. this is something that has kind of been percolating. again, this may be a sign of softbank pulling the strings. we talked about -- they have a lot of control over wework. they have strong ties over john legere. in an amusing twist, ties with the executive chairman who is a former sprint leader and someone who in the past has sparred publicly at times with john legere over telecom industry beefs they had. one of them even called the other a conman on twitter. it seems like his name is in the ring. kurt: it has been six weeks since newman stepped down. what has been going on at

for goldman sachs, i don't feel like i'm customer of goldman sachs.sm like i'm a customer of apple. and the fact that apple chooses to use goldman sachs as their implementer for this card is the same thing as though they use foxconn to put their phones together do i go to foxconn if i have an issue with my iphone of course not. i go to apple. this is an apple product and apple owns this fully. >> david, thank you so much for joining us >> sure, my pleasure >> a reminder, goldman sachs in their statement to us said, we have not and will not make decisions based on factors like gender goldman would not provide a guest to us for the show apple declined to comment in any way, shape, or form to cnbc today. up next, we have your last chance trade "closing bell" back in a few minutes. you should be mad at airports. excuse me, where is gate 87? you should be mad at non-seasoned travelers. and they took my toothpaste away. and you should be mad at people who take unnecessary risks. how dare you, he's my emotional support snake. but you're not mad, because you

apple issue, goldman sachs issue?ard.n but the truth is, it is goldman sachs, a top wall street bank comer sponsor for the banking portions. , the sponsor for the banking services. the regulator overseas goldman. since it is goldman who is setting it up, goldman knew as the proprietary system, they said, we want to look into this black box and see what goes into the decision-making process just to make sure you are not reinforcing problems we've had with the credit assessment system for decades, frankly. kurt: thank you very much. as we mentioned earlier, this investigation was launched in response to a series of tweets by tech entrepreneur david hansen. apple those tweets said offers a credit card that bases assessments on a black box algorithm that six different have nooss apple and gs visibility into. it is just the algorithm. david joins us now from los angeles. thatou explain the process led you to these tweets from late last week? david: i was excited about the fact that apple was going to launch a new credit ca

how important is that expansion to goldman sachs?avid: we are building a digital consumer platform that at the moment is predominately focused in the u.s. we have started taking deposits in the u.k. we have not made any announcements to take deposits here or anywhere else. we want to build a differentiated platform where we can provide a variety of digital services to consumers in a way that helps them with a financial education come up with a bunch of the friction that currently exists in traditional banking services. we are making a significant investment. towill do it methodically make sure we really have a differentiated product before we expanded around the globe. matt: an interesting time to get into consumer banking. around the world, rates are negative. what do you think about negative rates and that business? getting into this business because we are building it for goldman's ask for the long-term. we have one of the largest and most successful as set management platforms. we have built it over a number of decades. when we t

goldman sachs apple cart controversy. we will hear from steve wozniak on how he got caught up in gender bias accusations against goldman. we will bring you goldman quick response. and return of the mac. apple introduces its 16 inch macbook pro at $2400. we will rate function and design. disney was the big winner of the week, signing up 10 million customers in one day for disney plus despite some technical glitches upon launch. disney plus became available tuesday in the u.s. and canada. the media giant's original goal was 60 to 90 million subscribers in 10 years. it is posed to reach that goal sooner. put this in perspective, hbo now, cbs all access, the world wrestling network, these guys have been in business for a few years. none of them have hit 10 million. disney did it in a day. it is an incredible feat. that's why you are seeing a record high. go back to 1974. >> all the technical glitches yesterday, we can brush those off? >> if you only knew how many people were trying to sign up, we cannot plan for this. the big

goldman sachs controversy. will hear from the cofounder on how he got caught up in the accusationsrified against goldman. we will bring you goldman-s quick response. return of the mac. apple introduced the 16 inch macro per, starting at $2400. disney was the big winner of the week, signing up 10 million customers in one day for its service. despite technical glitches upon mines. disney plus became available on tuesday in the u.s. and canada. the original goal was 90 million subscribers in five years. it is poised to reach that goal sooner. i got the latest from chris palmeri. perspective,s in hbo now, cbs all access, espn plus, a lot of these guys have been in business for a few years and none of them hit 10 million. disney did it in a day. go back to 1974, this is peak disney. the technical see glitches. we can shrug those off. >> that is what disney was saying. were knew how many people trying to sign up, we could not plan this. they had an incredible deal with verizon between acacia and where 19 million cust

goldman sachs has been in china for 25 years.is important that the opening up continues because we would like to own our business and take control of our business, so economic control of our business, so we are watching what is going on in the trade discussions. at this point, it is talking about the financial system. if that occurs, we will own 100% of our business and i would expect it will make more significant investments there. we went in front of our board a couple of months ago with a five-year plan for china. and assuming we could own 100% of our business, that would lead us to put significantly more capital onto the business and significantly increase the people we have on the ground. nejra: how much more capital? david: a significant amount. hundreds of millions of dollars of capital potentially. when you think about the headcount, 200 people in beijing and we could see over the next five years that that number could grow materially. francine: that would be world management? david: our primary client franchise. serve a

the current situation have you heard more goldman sachs. regulators are looking to banks a credit card department and not our poll today to mine have any of the states and also were broken that said any potential could be a headache to 40 i phone maker out of time pays a transaction volume in revenue more than doubled from a year ago aapl call to maybe call me a crucial driving factor of growth in the near and medium term as he becomes a part of the company's services engine honeyed could also said the tone for a macho rumor scription program that could go on to more regular and stable flow of revenues for the company going forward now as a result like to talk to you about the week ahead especially there where you are on wall street we are anticipating remarks by both donald trump and jerome powell what can we expect. investors are in a wait and see mode. there is a still some optimism about phase one trade deal with china but the devil is a still in the details and tension turns now to president trump he will be speaking at the new york ec

if you look at something like goldman sachs, a little bit narrower.ll, around $500 million between the high and low estimates. i think it just goes to show the difficulty there is in finding a valuation. the focus will really be in selling to the domestic audience rather than the international funds which will pay more attention to this research. then it will be much more around a case of supply and demand rather than looking at the business fundamentals. that means that maybe they will be able to push the valuations toward the top and estimates. matt: thank you for joining us. reporter's aramco joining us from the company's headquarters in tehran. tomorrow, we will speak exclusively with the ceo of one of those investment banks. goldman sachs leading the group. domestic conversation at 7:30 a.m. u.k. time on tuesday. we are minutes away from the open. coming up, we will look at your stocks to watch. profits of ryanair jump as passengers spend more on extras. this is bloomberg. ♪ we are about seven minutes away from the start of trading across europe.

he announced his resignation from goldman sachs.about what the future holds for you in just a moment. let's talk about the future for your country. moody's laced south africa on negative watch. -- placed south africa on negative watch. what will that mean? markets weree markets bullish on the back of the change. they were released -- relieved there was no downgrade. going forward, it does provide the political actors to refocus their efforts on creating the macro economic outlook. februaryt next year in is going to be critical as a demonstration of expenditure, particularly with public sector wages. financew much can the minister change the picture between now and then? about the political world. to push for this consolidation. the something the finance minister can't do alone. the main constituency is the union movement that has helped it to power in toppling him. this is a very tough moment for the country. there was a reprieve on friday when the moody's decision was downgrading the outlook and not a ground -- downgrade of the rat

does goldman sachs want to play a role?tion, there are lots of compelling reasons why consolidation would benefit strength of european market. it is hard. it is not clear it will happen. i think it would be good for european markets, the capital markets region, if you had more of a european leader, consolidated in some way. orther or not local politics business rationale allows that to happen, i am not sure. i watch it as you do. i think there is an opportunity to strengthen position of players through m&a or consolidation. it may not happen. matthew: mario draghi, i was at his final press conference. he said, we are happy with negative rate experience. christine lagardere expected to throw the same line. are negative rates helping the economy in general, to boost inflation and bring growth? david: when we look back on negative rates, when the book is written, it will not look like a great experiment. i don't think negative rates are bringing the benefit we would like to see. no question, growth in this part of the world ha

officer of goldman sachs.nuary 2017, he became theld trump's appointee as director of the national economic council. and the president's chief economic advisor. welcome to bloomberg. gary: thank you for having me. francine: do you have any insight on how this could end? get aomes after it if we phase one deal? are: first of all, we ho having a trade skirmish. the two countries -- there is a lot of trade still going back and forth. the united states is receiving the goods from china that we need to have a functioning economy, and our economy is functioning well. i hope we get a phase one deal done, and i think it is in everyone's best interest to get a feels one deal done. francine: it has moved, has it not? gary: the supply chains have moved. maybe the countries are too concentrated in one market, and maybe we are seeing more global diversification in the supply chain. in the end, it is probably a good things for -- it is a good getting a supply of goods. francine: if you have a skirmish that lasts 5, 10 years

here is in in they have relationship offed on goldman sachs, they have reached out to goldman sachs backused for financial services. >> i was surprised, because women on average have higher credit scores than men. i don't have a problem with this. discrimination is not illegal, a bank, in this case goldman sachs back they can choose what type of credit risk they are attending they are using an algarianalgorithm. >> this is okay for an engineer to program it if we have same income, credit score, and history it is okay for you to have a higher limit than me. >> when you spend all the money you will be first to blame regulators for allowing you to have so much access to credit. banks are dammed if they do or dammed if they don't. >> i am not sure it is legal, we had judge napolitano weigh in, his view seemed to be this is not legal, someone will get in trouble if it turns out that algalexandria--algorithm used g. david: as i believe it is state to state. >> never go against the law, never get in between jonathan and christina. i am backing up. bottom line, this is a great lesson, all compan

delighted you're here tell us about the money market funds that you have innovated along side goldman sachsnection in them >> sure. these two share classes are share classes of the parent of financial square funds of gold m goldman sacks. there's been a lot of commentary goldman sachs has given us the first half o it haf the trade w they have reached down into our veteran ranks to have a seat at the table for this opportunity to help corporations and municipalities and states satisfy the social governance goals. sg yo >> your company would qualify under that we were talking earlier this hour about the amount of money that companies are sitting on. they're not putting it to work in capital spending not just yet so it's going into funds like these. >> agency paper ultra secure something that is a great word flow to get military veterans involved with. >> you do a lot of work in ipos. that's one of things your company is known for how would you size up the market right now. there's been some hick hiccups shouldn't have happened. >> as an underwriter in something as you mentioned that drexel ha

the goldman sachs ceo says growth has lagged as a result.ke with david solomon and began by asking about m&a opportunities. david: we've been investing. we have new investment in our management platform in europe and we are expanding our market share here. if the right acquisition came along, we would certainly consider it, but we see good organic opportunity by growing our people and our footprint to expand our wealth management kit abilities here in europe. europe,re broadly in there's a lot of talk of bank consolidation. there are of course a number of regulatory hurdles, but do you expect a banking consolidation? is it coming for european banks, and does goldman sachs want to play a role in that? david: on the question of banking consolidation here, i think that there are lots of compelling reasons why some consolidation here would benefit the strength of the european hard,, but i think it is and it is not clear that it will actually happen. i do think it will be good for the european market, for the european capital markets region, if y

can you tell us what goldman sachs is supposed to look like in 36 months? man for as long as we are running the firm. we have several attributes. we will keep investing our businesses and make our current businesses stronger. there market expansion opportunities. we will attack those make sure we make the businesses stronger. sonali: to those expansion opportunities mean m&a? john: we bought a company called united capital group earlier this year. we will continue to look for acquisition opportunities if they are interesting in advance our cause. fundamentally, we see tremendous organic growth opportunities. it is investing in our current franchises and building new businesses. launching our market platform is an example of a new business. we are launching a transaction banking platform which is a new business, and it is a combination of investing in existing businesses and launching new platforms. sonali: another thing everyone is thinking about is what bonus season looks like. what do expectations look like? we have been hearing bleak numbers across the bo

does goldman sachs ceo david solomon share the optimism over trade talks? i speak with him exclusively on the european open in just about two hours time, and christine lagarde's debut. herecb's new president uses first speech to call for strength, resolve, and courage in europe, but steers clear of any serious policy prescriptions. good morning. let's take a quick look at the data this morning, getting set up for tuesday's trade. we have a yen that has weekend toalmost 109 -- weakened almost 109. optimism for a trade deal driving the yen up to almost 109. right now, 108.77, driving up the 10 year yield, looking at 1.80 right now on the 10 year yield as investors feel comfortable enough to let go of the perceived safety of u.s. government debt. you see s&p futures gaining once again after we saw new record highs for the dow jones industrial average, the s&p 500, and the nasdaq in yesterday's u.s. trade. it is definitely looking like a lot of risk on sentiment in these markets as we get more and more optimism on trade. still, equities may have even higher to

they manage one of blackrock, goldman sachs has one as well.ou be very successful in a muni structure. the barbell structure sean talked about and the ability to pitch out the rest for these flexible muni funds that -- the long end is cheap but my client only wants to take five years of interest rate risk. using treasuries to take on that risk is something we actively do. alix: we will leave it there. sean carney, thanks for coming in. we have some breaking news. bloomberg has learned louis bacon is closing three funds from his more capital hedge fund. he will return client capital from three of the funds and participate in less trading activities. the flagship funds will keep running partners money. this is a blowout story. it is three decades, the legend of hedge funds, huge winner, particularly in the 1990's coming in and returning client capital. what i feel this signals is how hard it is to make money. how hard it is to make returns. you have negative rates. this is what happens. louis bacon, i never would've thought. mike: i talked before

goldman sachs apple cart controversy. from steve wozniak on how he got caught up in gender bias accusations against goldman.

the card is run by the investment bank goldman sachs — they say credit decisions are not made on factorse gender. chinese e—commerce giant alibaba says sales for its annual singles‘ day shopping blitz hit $13 billion within the first hour. that's up nearly one—third on last year. the sale began at midnight after a performance by american pop star taylor swift and local celebrities in shanghai. singles‘ day was once a celebration for china's lonely hearts. but it has become a 24—hour extravaganza that outsells the combined sales of the american black friday and cyber monday. and we'll have more on asian

goldman sachs and apple's credit card ensnared in the battle of the sexes. could bad robots be to blame here? coming up, why it's artificial intelligence that may deserve all the credit for setting off this firestorm. >>> could adam neumann's empty c-suite chair at wework soon be filled by john legere? charlie breaks it on new reports churning and the potential impact on not only t-mobile and sprint, but whether legere holds the key to helping the one-time office space sharing darling back into wall street's good graces. >>> protests in hong kong drawing blood. one person shot, another set on fire. the pro-democracy demonstrations raging in the territory have claimed yet another victim. hong kong's stock market. as we head into the final hour of trade, the dow is overcoming the shocking violence. it's currently up but just by nine points. s&p and nasdaq are losing at the moment by five. and 11 points respectively. but on this veterans day, if you think you have heard great veterans' stories already, just wait. check out our green room. we have three purple h

. >> the credit card created by apple, not a bank >> reporter: but apple and partner goldman sachs are now accused of gender bias software developer and billionaire david heinmeier hansson said he and his wife share assets and income but apple card gave him a credit line 20 times higher than hers, even though she has a higher credit score. >> it seemed very discriminatory i would get 20 times the credit limit, even though our stats were the same >> reporter: goldman said a computer algorithm made the decision when hansson vented on twitter, social media erupted with similar stories. even the man who cofounded apple, steve wozniak, said he got ten times the credit limit his wife got. >> it was so low, i could barely buy a plane ticket and i buy all of his plane tickets. >> i was thinking in terms of assets and income and it's the same for both of us and that should determine your credit worthiness >> reporter: goldman sachs, apple's financial partner, says gender and marital factors are not factors. we look at an individual's income and individual's credit worthiness, which includes fac

goldman sachs, which administers the card, says it would never make credit decisions based on gender, the card holder who first complained says it isn't goldman sachs but the formula being used to evaluate people. >> we found that simply unfair and when we tried to inquire into why that was, we kept hitting just a wall. we kept escalating this issue within both goldman sachs and at apple and they kept referring to the algorithm. that the algorithm determined this is how it was. >> apple's co-founder steve wozniak said the same thing happened to him and his wife even though all their assets are held together. authorities in new york are now investigating. >>> a disturbing viral videotape landed a now former substitute teacher in jail. tiffany langford is charged with aggravated assault and show her beating a female student to the floor then stomping on the girl. a lawyer says the student has epilepsy. the teen was taken to the hospital for evaluation. langford was fired that same day. >>> the beluga whale seen on video last week performing tricks with south african rugby fans may have

we are going to catch up with the goldman sachs chairman and ceo david solomon. the former white house chief advisor gary cohn. it is going to be a busy day. i'm going to show you something. it was not supposed to go this way. the fed was supposed to have saved the day. the yield curve is back in a flattening trajectory. they have narrowed for the fifth day in a row. dropping by nine basis points. we are back at 18 basis points. the phase one trade deal was so much in the price, but we reverse pretty much all of that with the vice president's words this morning. to the oil market, let's have a look at the oil and the gold market. i call it the doubting thomas of the market. it is concerned about trade, resolution, a huge glut of oil and a lack of conviction from the russians. gold. giant risk event for 2020 according to td. one of the hedges is gold. good morning. nejra: good morning. what i've noticed is that a lot of the flattening was driven by the yield dropping more on the 10-year then on the front end. .1 10 year yield now below a 75 -- 1.75 handle. we are

and the chief the head of foreign exchange at goldman sachs one puzzle is that the stock market is telling a very different story about the economy of them bonds i've been putting more weight on stocks given that a decade of q.e. forward guidance operation twist one into meaning that the yield curve in terms premium are heavily contaminated so these are the bond yields on the 10 year treasury and that's the stock market well the issue of the stock market is that with c a legal activity it formally illegal activity of stock buybacks and that picture of stock market perform. is completely false i mean you have to adjust for the accounting fraud jamie diamonds from the money printing fraud and it would be 5060 percent lower than it is today at some point like enron it'll just evaporate you know you wake up one day it'll be like 01000 ounces down down 101520000 points hoops is no longer price signal you know that the fed is in charge of maintaining prices of maintaining the value of the dollar but what this guy who is the former head of foreign exchange for goldman sachs the f.x. market is the

vonnie: where do you see goldman sachs --francine: where do you seek goldman sachs in the next five yearsunits that you are retrenching for? david: we talked a lot about the fact that we are trying to find opportunities to continue to glow our client franchising business. we are focused on strengthening our core existing businesses that we've been in for a long time. our investment banking, sales and trading businesses. francine: hiring? david: we are looking for places where we can begin vestments. in any business, there are gaps where you are not performing where you would like to. we can go in and say, how can we move our position? the significant things we are doing is that we are focused on building a digital consumer platform in the u.s., what you and i talked about. we are focused on expanding our wealth management capabilities to a broader audience. we made an acquisition earlier this year that is helping us in that direction. we are adding certain products and services that can serve our existing clients. for example, we have built a transaction banking platform, a corporate cash

that's always our job. >> let me ask you about this quote from mike mayo goldman sacks was a sachs was a its own success. >> that's an unusually flattering comment from mike mayo >> i think he has goldman stock on an outperform at the current time >> thank you, mike >> look, everybody is always a victim of your success things work and then you don't have the same motivation to correct or change things we stayed in tact during the financial crisis there was one so almost exclusively geared toward advisory work and capital market activity as opposed to commercial lending and deposit taking, which is generally more stable, safer activities we weren't even in those businesses so clearly there has been a need to evolve certain other things in different parts of the kind of cycle that are goingto benefit one business over another. i'm proud of our firm, i'm proud of the great people that we have working there. we still attract and retain the best talent. i feel very good about it but there's always a need to improve things and to move on and to always, always grow revenue and resources and o

dollar well here this guy who is the head of goldman sachs the biggest foreign exchange desk and probably the world and they're saying that they can't tell anything because of that the fed has basically put blinders over them they have no idea what is there on like say corn or gold where we're you know with the reserves are we know how much is coming online we know that there is settlement we know there's no counterparty risk and we know what's there so this is part of what brad sherman signaling they're worried about big crypto patriot. right aand it don't go away much more coming your way stay right there. are no. one else seemed wrong. why don't we just don't hold. me. yet to see how this day comes. and in detroit. trail. when something find themselves worlds apart we choose to look for common ground. is your media a reflection of reality. in a world transformed. what will make you feel safe. isolation full community. are you going the right way or are you being led to. direct. what is true what is faith. in the world corrupted you need to descend. to join us in the depths. for a mate

goldman sachs is responding to the accusations, saying this.bt you have and how much debt is managed, based on those factors it's possible for two family members to receive different credit decision. in all cases we have not and will not make decisions based on factors like gender. joining us right now is judge andrew napolitano. >> good morning. this is the a apple card which is administered for apple by goldman sachs and so far -- we all know who steve wozniak is. it's almost unconceivable, that he would have 10 times the credit as she. their assets are jointly. this is anecdotal information. it isn't a lawsuit. in my opinion, this will probably mature into some kind of investigation by regulators. it goes without saying that credit worthiness cannot be based on gender. it's not even a check mark. it's not there. it's nothing anything that can be considered. we do have some extreme examples of people whose wealth we know getting supegetting superlatived their spouse getting t ratings not nearly as close. knowing goldman sachs, i imagine they

goldman sachs facing new scrutiny from regulators over a tweet.ions being laid out against the bank coming up next. >>> welcome back time for your executive recap. the headlines you need in 60 seconds. a protester in hong kong has been critically wounded after being shot by the police amid the anti-government protests hog chief executive said the violence of the demonstrators has now far exceeded the call of democracy. >>> jpmorgan ceo jamie dimon says the growing wealth gap is an issue that needs to be resolved he says he thinks middle class incomes have been flat for the last 15 years. his remarks come amid a recent spat with 2020 presidential candidate senator elizabeth warren on wealth in this country. >>> new york state officials are now investigating goldman sachs and their credit card practices. the move comes after a user of the bank's apple credit card claimed the card's algorithm discriminated against women when determining credit card limits >>> the record run by the markets will be tested once again this week with key economic data and

dollar well here this guy who is the head of goldman sachs the biggest foreign exchange desk and probably the world and they're saying that they can't tell anything because of that the fed has basically put blinders over them they have no idea what is there on like say corn or gold where we know what the reserves are we know how much is coming online we know that there is settlement we know there's no counterparty risk and we know what's there so this is part of what brad sherman signaling they're worried about big crypto patriot. right on to it don't go away much more coming your way stay right there. you know world big partisan movie lot and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the bath and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. welcome back to take has a report imax kaiser this selena gomez financial news why am i the selena go

we are back with christian from goldman sachs.o you look at pound and how difficult is it to go back into the market when we don't know whether we can trust the polls ahead of the december 12 election or what happens with brexit. christian: political risk is always difficult for investors to assess. they are struggling to clear the parliament. asset trading and across strategy has shifted since the election was called. we are quite bullish on cable so we still see upside from here. in the near term, it feels like cable will be range bound and it will be difficult to break higher without significant clarity appearing either at or before the election. to me, the investment opportunities are shifting a bit. at the beginning of the brexit uncertainty fading, clearly, cable and domestic u.k. blocks where the best assets to participate. going into the next stage of brexit, looking at ftse 100 could be more interesting because the pressure on cable is more limited. ftse, which has a lot more revenue and dollar at the margins, is left suf

a big part of that move has been big tech a key take away from goldman sach's latest hedge fund the funds committed to big tech. the top five stocks, you guessed it, microsoft, amazon, facebook, ali baba and google. they've been at the top of the vip basket three and a half years. amazon facebook and google are just 5% of holdings on the long side joining us now, founder and president. i'm not going to ask you to comment on that report other than when i see every single hedge fund is buying the same three, four, five stocks that are the top 30 or 40%, i wonder what happens if and when those stocks begin to get sold >> there is a lot of momentum going into the same names. some of that is justified. we've had a lot of good news, microsoft winning the cloud contract a lot of momentum in facebook. we've been positive on tech. i think we are seeing the underlying and residual effects of that huge tax bill into the economy. the fed has taken itself out of the game this group of events is driving the stock. >> is there any concern that this overcrowding. that is a word goldman sach used if and w

but it's against the law so i am giving a pass to the actual management at goldman sachs and apple because these are two companies that have been way ahead on things like lgbtq, making sure they are hiring. i know goldman was among the first of the big banks to say here, we are giving same sex partners health care. so i don't think it's intentional but who are the companies that have been proactive and said you know what, we are fixing this, help us fix it? >> the companies that have a lot of experience in this area have been doing consumer data for a long time, like bank of america, for example. they are actually one of the big catalyst supporters and they have been looking at data from -- around bias for a long time. and what we need to do is not -- we need to build diverse teams that can identify bias and build the right type of algorithms. we've got to have teams that have more than just technology to look at who -- they need to have human skills to be able to identify it. bank of america is a good example. another is microsoft. microsoft is doing a lot in the data area in really ident

charles: goldman sachs is being investigated over new allegations that the apple card is making sexist is blaming the algorithm but is it clear-cut? we'll examine that next. ♪. i'm off to college. i'm worried about my parents' retirement. don't worry. voya helps them to and through retirement... dealing with today's expenses ...while helping plan, invest and protect for the future. so they'll be okay? i think they'll be fine. voya. helping you to and through retirement. ♪ charles: this hour we're putting the spotlight on our nation's heroes. liz claman, joins me right now with preview of wounded veterans giving back to their communities. liz? >> what is fascinating, a lot of people say if you're wounded, gravely wounded, you have amputation or you're paralyzed, what are you going to do with the rest of your life? we have three purple heart recipients, charles, who not only are able to get back on their, so-called feet, but, because of one common thread, which we're going to lay right out there for you during the "claman countdown," they are contributing members to society. one has gone

kailey: bloomberg learned this week that a wall street regulator is looking into goldman sachs' creditard practices. that, after claims that oliver north claim that algorithms discriminated against his wife. jason: the card is the joint venture between apple and goldman. goldman says it is possible for two family members to receive significantly different credit decisions. here is bloomberg finance reporter sridhar natarajan. sridhar: this started with a series of tweets from a tech entrepreneur, david hansen, he applied to the apple card and started complaining that his credit limit was 20 times the size of his wife's credit limit, even though they both share the same finances, have the same spending power, had the same income when apple card was trying to determine the limit. and yet, there was a huge disparity. it immediately gained traction online. to add insult to industry, apple cofounder steve wozniak said, i minute, i have faced the same issue." the regulators are saying, we want to figure out how these credit risk assessment tools work. we are going to probe goldman and this a

we've seen goldman sachs say they'll give a phone number out soon that you can talk to a human being.also say they're likely to start a man where couples can jointly apply for the apple credit card and therefore you'll have the same credit limit. as far as when t take place, we don't know. apple is deferring all >> we'll be waiting. thank you. >>> the supreme court will hear legal chip cases that originated in the south bay. they involve the dak la immigration program, known for deferred action for child who have arrivals. president trump locked it. he tried to end tadaca two year ago. tomorrow the supreme court justice there's hear an appeal to preliminary injunctions from san francisco, new york, and washington, d.c. >> the first of its kind in oakland and keeping people safe. the city has installed a new traffic safety barrier at the intersection of foot hill and 22nd avenue. that's because a woman died after being hitast month. n thatoss walkyear-old niece near garfield elementary school. police say the driver ran a red light and hit them. the city plans to install a left-hand tur

let's start with goldman sachs ceo david solomon.f the big issues were anything about economic growth in the medium and long term is the u.s. and china finding a way to coexist more productively economically. there is a good chance we will see progress from the trade discussions. i've met with policymakers on both sides and i am encouraged. i think we can expect progress to be in stages, but i am hopeful that we will see progress and i think is important. the chinese realize it is important for them. the u.s. realizes it is important for the u.s. and for economic growth around the world. >> does this deal lead to a phase two? does it mean something concrete for the world economy? david: i think we have to hope that over time, in a world where both these economies are super important to global growth, that we can find a way to make progress on all these issues. certainly, it is a step in a positive direction. i am a glass half-full guy. i am going to assume china's interest in the u.s. interest and the global economy at bard -- at lar

the talk is getting a lot louder for banks like goldman sachs, j.p.gan, that stuck with a lot of these companies through very tough times. taylor: talk to be more about , sayingmon's comments that you don't really have a price discovery, you just have an investor telling you what it is worth. sonali: jamie dimon is saying something similar to david solomon, that a market of investors sets a valuation. jamie dimon also said something that softbank is also addressing, ic in corporate governance. that is something we have been waiting for forever here. softbank, right now, according to the financial times, is thinking about tighten the reins in terms of corporate governance. that is something you heard jamie dimon also address. thatr: another story caught our attention here as we look at the tech landscape has been robin hood markets. there was a story coming out that said basically, put down a little bit of a deposit on margin and you get infinite leverage. there is a glitch in the system. sonali: basically, you have a certain set of robin hood users wh