what i wanted to look at here is actually one stock and it's goldman sachs. what's important interestingly, it's waiting in the dow jones, its weight the bottom five, number one component visa split and apple at a lower price. goldman relative to financial sector, s&p, fairly substantial laggard over this period. really substantial. take a look at a few charts i think matter here. well well-defined tops going back for five years an we're together with the prospects of a breakout out of this sort of consolidation or wedge. now, hold that thought and look at this daily period right here. this is the daily chart, one year. call it what you want, people like the phrase head and shoulder. that's what it is. you have a well-defined neckline here. the presumption is a breakout. so we're looking for a move to about 210 back to the long-term chart. here is your head and shoulders bottom right in here and it projects up and out. it would complete this formation and it would complete the daily formation and, of course, goldman lagged the group, financials and market. we

you that you fill on qualitative grounds, but if you look beneath the surface particularly at goldman sachsre the fed and goldman came out different a, particularly with the total to one ratio. it was not so much and how they treated their loan book or anything like that. it was more about how they projected revenue going forward. with a copy asset base would be going forward. this is issues that involve management discussions. i think eric is right. goldman treated as the right way. it worked out all right for them. they had to use a mulligan, but again they got the one about passing or that is what you're looking for. you don't hold any more capital than you have to. >> we do have breaking news on wells fargo. >> it has included a proposed dividend boost from $.35 a share -- from $.35 to $.37. that is a two cent dividend increase. also, wells fargo getting no objection to the 2015 plan overall. i don't see anything on a share buyback announcement from wells fargo yet. we are just looking at a proposed dividend increase. >> a little more detail. we did learn in this conference call with fe

hey, i have a question, what has goldman sachs ceo all hot and bothered? w goldman employees are seemingly going to vote in the next presidential election. charlie gasparino with the scoop. charlie: yeah. interesting that yesterday, or two days ago, politico did an interesting piece on how goldman sachs -- they'll hold fundraisers for jeb bush in the coming days. but what we understand, when the ceo of goldman sachs, a long time hillary clinton supporter, he saw that article and hit the roof. he's worried about the firm's image for hillary who wants to go all in for 2016 and believes hillary will win in 2016. the election. what you essentially have inside goldman sachs is a civil war. a lot of partners are still annoyed at the democratic party. they believe the democratic party, the party of elizabeth warren, the party of barack obama are going to continue to bash the banks, even if hillary is in there or not. and you have roy a loyal supporter of hillary and believe she will return to the clinton glory days of the 1990s in terms of deregulation of wall str

goldman sachs and morgan stanley cleared -- deutsche bank failed. people protested outside of the home of one of the students. wall street's bonus to $28 million. -- billion dollars. the industry added 2300 jobs in new york. the first expansion since 2000. i bet a lot of it was in the back office. compliance. a big lawsuit for facebook. a federal judge said thousands may sue the company because it will not pay refunds. facebook plans to defend itself vigorously. rents soaring for the smallest apartments in manhattan. the median rent climbed by 10% last year. a record high. one reason for the increase many would-be buyers cannot afford bigger homes. tom: this is incredibly fluid right now. there is a dynamic here across manhattan and london as well. with the currency movements, you wonder where we will be fourth of july. olivia: you would be shocked how far it won't get you. tom: merrill lynch has to live this every day. a studio is outrageous. you were way ahead on this story. olivia: i'm shocked by what's going on in iraq. there are rockets and mor

. >> when i was at goldman sachs, that was like a metric.r baba's lockup 181 days after the ipo, 429 million ordinary shares available. one-year mark, 1.5 billion available. >> finally, tyson, down almost 3%. we got the crop report yesterday. prices for wheat and corn higher in march than we thought. >> tyson's had a free ride of the place. >> got to watch those stocks because you don't want inflation. don't want inflation in the food chain. >> let's get to bob pisani with the dow up 22 pointed. >> good morning. the important thing here is modest upside 9 of 10 sectors in the s&p are up financials leading. nice bounce back after a lousy day yesterday. semiconductor strong. long-term trend in gold recently to the downside. trading action strange reasonly hasn't it? take a look at s&p 500, 2 out of 3 days where s&p's been down more than 1.25%, only two weeks after it hit an historic high. that's a little bit odd as a trading pattern. you can see how crummy march has been. the key point is 2046 that is exactly the midpoint where we've been on t

it's goldman sachs. what is important here, interestingly, it's waiting in the dow jones. s wait is equal to the bottom stocks. it is the number one component and aple came in at a lower price. goldman relative to the financial sector relative to the s&p. so we have a fairly substantial lager over this period. really substantial. take a look at a few charts that matter here. we have well defined tops going back five years. we are toying with the prospect office a breakout out of this sort of consolidation and wrenl. look at this daily period right here. this is a daily chart. one year, you can call it whatever you want. people like the phrase, head and shoulder. you have a well defined neck line here t. presumption is a breakout. so we're looking at a move to about 210 back to the long-term chart. here's your head and shoulders bottom right in here. it projects up and out. it would complete this formation and the daily form angs and, of course, goldman lacked the groups the financials and the market. we like it a lot. >> cohen carter are a dynamic duo. before we do that, br

what does goldman sachs think on whether they should stay or not. is there an economic argument that you can make around? guest: there is a great incentive for the u.k. to stay in the european union. we have seen a continuous deepening of the relationships between the u.k. and the continent. obviously the continent is doing its own thing. succumbing together with the banking union and going forward and the capital markets union. the idea here is the prominent financial center has much to contribute to the projects to shape them in a way that is consistent with the ideals of how the capital markets should be wrong. >> good to get your thoughts this morning. with that in mind, later today ed miliband will set up his party's pledges the business and we will bring you a first interview with the labor leader soon after he speaks. now here is a picture of the markets. green across the european indices this morning. and what the chinese might do to boost their economy once again. on the move is back in two minutes. anna: in france, the former president nic

at goldman sachs here is the thing. came out in political argument where lloyd blankfein read, a bunch of his colleagues, lloyd blankfein is ceo. melissa: of goldman sachs. there he is. facial hair going. >> are having fund-raisers next week for jeb and hit the ceiling somehow it leaked out because he is a huge hillary supporter. melissa: i feel like those guys spread money around on both sides. >> not the last couple of years. if you noticed what happened at goldman under blankfein, heavily to obama in 2008. heavily to mitt romney in 2012 because of what happened with financial regulation and right now i will tell you this. lloyd blankfein loves hillary clinton. remember, gave her a lot of money. gave speeches to fold man where she made a lot of money with lloyd. he loves her. he is not happy these guys that are basically publicizing that they're holding fund-raisers for jeb. melissa: i don't think democrats on the left love the idea goldman sachs is supporting hillary clinton. >> that is not my business. melissa: i th

morgan and goldman sachs and morgan stanley did.se stress tests with the notion that if the fed says no to anything, that is bad. that makes sense. you don't want to be told no by the fed. what these banks did was make aggressive proposals or aggressive requests to raise dividends or buy back stock and were told by the fed that is too aggressive please resubmit. what you can do -- that is called the mulligan. they got the initial stress test results. the fed came back to them and said your dividend and buyback requests are too aggressive. come back with some to nelson. the key is the fed gives them guidance a when you make resubmission, you have a much better chance of getting as you want because the fed has given you guidance. that is what the shareholders want. what we talked about with citigroup having to clean its beak and bank of america being in the worst position of the wall street backs because they only got a conditional approval. the best performers here in a relative sense might be jp morgan goldman sachs, and morgan stan

mark: why is goldman sachs a negative force? sen. : they seek out and get special favors from government. they are entitled to practice their business, but without subsidies. john: are you proud of what she did for goldman? sen. cruz: i did mention that. i have to say, a lot of times the caricatures of republicans they do not fit with the facts that i have an amazingly brilliant professional woman who was my best friend in the world and my partner in everything we do. john: a bunch of people compared you to the current president of the united states. what is your reaction to being called the republican obama? sen. cruz: if people are not throwing rocks at you, you are not doing anything. i have tried to lead on the great issues of the day. before i was in the senate, i was not a community organizer. i was the solicitor general of texas and represented texas, winning some of the biggest conservative fights in the country before the supreme court. john: after the break, the second part of our texas two-step. rick perry will be here in a

mark: goldman sachs are they a positive force or a negative force? sen. uz: like any institution, some of both. mark: what is the negative? sen. cruz: goldman is one of the biggest banks on wall street and my criticism with washington is they engage in crony capitalism. they give favors to wall street and big business. i have been an outspoken opponent of crony capitalism. big business if they are building a better mousetrap, great. it should not be government favoring. on frank sold to the american -- dodd-frank, sold to the american people as stopping too big to fail. the big banks have gotten bigger. mark: why is goldman sachs a negative force? sen. cruz: they seek out and get special favors from government. they are entitled to practice their business, but without subsidies. john heilemann are you proud of what she did for goldman? sen. cruz: i did mention that. i have to say, a lot of times the caricatures of republicans they do not fit with the facts that i have an amazingly brilliant professional woman who was my best friend in the world and my part

a new york woman who went from selling funnel cake to working as a vice president of goldman sachs, but was afraid to go to work every day. >> that's right, john. beneath her beautiful suit and that very healthy wall street paycheck she lived in fear that someone would discover she was in fact undocumented. she seemed to have it all, top grades in high school and college and even a high-paying job on wall street but she admits her entire career was built on a lie. >> that's in mexico. in that was a birthday party. >> reporter: she came from mexico illegally when she was 11 years old. her parents owned a funnel cake standing in texas, and filled her with dreams of one day going to college. >> they were really hardworking, and i admire them so much because they made so much with so little. >> reporter: but when the propane tank on their truck exploded it left her mother with a coma and her family had a tough choice. >> it was either spending it on her medical bill or use that for my college education. >> reporter: texas law allows undocumented immigrants to go to colleges, but they are no

goldman sachs is predicting gains of 220,000. that's belocon census. they also outlined why this jobs report could be great and some reason why it may not. on the plus side we have positive service sector surveys. average falling jobless claims anden increase in job ads. >> however on the down side weaker manufacturing employment surveys and increase in households saying jobs are plentiful versus hard to get and the harsh weather in february. that got us thinking. do you think this could be the jobs number that disappoints. does that set too high of an expectation for the month of february? join in on the conversation here on worldwide exchange. get in touch with us e-mail at worldwide@cnbc.com. our handles are on the bottom of the screen. >> 222,000. >> that's what you expect? >> i think anything above 200,000 and the markets will respond positively. >> i agree. it's keeping the momentum of consecutive months above 200. because all the other data has been positive. as long as nothing is terrible we continue to see yields rise. >> it's also about wage

on the other hand the banks that i thought were the most sly were like goldman sachs, morgan stanley,o submitted proposals that the fed said, no. and they were given a week to come back. they took that option which any of the banks could have exercised to come back with a slightly lower proposal because they want to get back as much money to the shareholders as they possibly can and not hold too much capital. the fed required them to hold so much capital that they don't want to over shoot that too much. for example bank of america, i was saying to bill maybe it's great news because they can come back and submit a revised proposal and eventually still pass it to shareholders. alix: there is a big difference. j.p. morgan had to revise it lower than bank america who is on warning basically right snveragets the big news as i said was citi and they had to pass with flying colors. couldn't play games. they hadn't made it the last two years. i think this is going to be a big positive for the institution going forward. alix: is brian moynihan's job at risk at all depending on sort of the re-e

a division of goldman sachs is making money.hing in the michael moore story today is they are making about 2% on loans to very wealthy clients. that is fantastic. i want to be a what the client just to get a 2% loan. i can get a 2% on my mortgage. betty: which is like cash essentially. bob: it is. betty: number 2 -- american airlines added to the s&p 500 index. the change is effective after the close of trade on friday. what is helping airlines these days? oil. we fell to the $43 a barrel level now. look at this. incredible. we have resumed -- bob: according to a report, we will get uranian oil -- iranian oil. olivia: it does feel like a golden moment for the airlines. you have cheap fuel and the job numbers are going up. this is where they need to be to find profitability. betty: book your vacation now. bob: the bad news, it has to pay extra for legroom. betty: we all do. join the club. bob: thanks for laughing at that. ♪ betty: bob and olivia join me this morning. we get to number one. all eyes are on janet yellen this week. u

here at goldman sachs headquarters in new york city, it's 11:00 a.m. on wall street and "squawk alley" is live. ♪ >>> good wednesday morning. we are live from goldman's tmt leveraged finance conference in new york city. jon fortt and kayla tausche have things covered back at post nine. we'll get to you in just a few moments. we begin the hour with a special guest joining us here at goldman headquarters, gary cohn, the president and coo of goldman sachs. great to see you you. thanks for having us. >> thank you for being here at our leveraged finance tmt conference. we've got 500 great clients presenting today and i know you've interviewed a few so far and thank you for being here. >> what does it say that you put a whole conference together on leveraged finance in tmt. >> yep. >> what does that say about the time we're in right now. >> it says how important the tmt franchise is to goldman sachs and the economy. technology continues to drove our economy. there's's quite a bit of debt out there. a lot of companies presenting today are established companies

in the united states. -- simulating the model of goldman sachs in the united states. sarah: we will stay in frankfurt for a closer look at those numbers. as javier mentioned, germany's stacks lost -- germany's dax lost on the day. the tao is in positive territory. -- the dow is in positive territory. ben: sports news. and mclaren says -- mclaren says he will race if he passes a final fitness test. sarah: he has been cleared to travel to asia after passing a memory and reflex test. if he passes, alonzo will race. he suffered a crash in barcelona and missed the march 15 australian season opener. moving on to the bundesliga -- a shock result on sunday. the runner week -- the runaway league leaders bayern munich went down 2-0 to gladbach. ben: that will hurt. much of the blame for the slipup has been put on the normally rocksolid keeper, manuel neuer. reporter: from world champ to world chump. this was an afternoon manuel neuer would rather forget. hermann picked out raffael who slotted it through neuer's hands. the home side looked lethargic and out of ideas. gladbach we

goldman sachs had been expecting 220,000. economist jan hatzius. 295 a surprise to you. your read? >> a strong headline number. i mean the payroll numbers over the last few months have been re very strong. i think that overall the report was good though not quite as good as the headlines would suggest. the unemployment rate did also come in a little lower. but that was driven primarily by labor force participation and also jobs gain wasn't quite as strong and wage numbers were on the softer side. when you take it altogether i would say it's a good report but not necessarily anything that is wildly away from expectations. >> the sectors that enjoyed a lot of growth seemed to be across the board, manufacturing and business services toward the top, retail adding 3 32,000 jobs where we expects the port slowdown would impact. >> we didn't see major special effects either from the port slowdown or from the weather, the construction number was pretty good, a little lower than in the last couple of months. leisure and hospitality was

goldman sachs earnings have not been great.have raised their legal estimates, cost for their legal estimates costs to $3 billion. so, you know, the question is, will goldman sachs be able to do more stock buybacks and dividend increases? they had really poor showing on federal reserve phase one of the stress test results. this is the equivalent of march madness for the banks. the federal reserve phone call was very crowded. a lot of people weighing in to ask questions. federal reserve had this to say. banks can continue to lend in the event of a severe economic shock. they said the test results are positive for banking sector. david: good. >> it is good for the economic strength of the united states as well. back to you guys. liz: liz, thank you very much. list mcdonald. david: great. liz: carmelo anthony, yes, the nba star hopes to score big with a new investment with a 3d company that wants to help you put your best foot forward. we have the ceo of the company straight ahead. david: we have the very latest on the massive flig

morgan chase and goldman sachs, morgan stanley, it's all about management of risk. and if y t risk properly it can be a very profitable business. that's what citi has done. now granted, they have learned some very hard lessons during the financial crisis that brought them to their knees and as a result of that that unit is managed much more conservatively than it was back then. >> what other banks do you like in this sector? you know a number of them did very well. 28 out of 31 passed. would you buy any of the others? >> yes. we see there are a number of banks that would be returning enormous amounts of capital over the next few years. pnc financial is one of these banks well managed out of pittsburgh pennsylvania positioned in the southeast now to grow even faster and they also had a big win today. key corp. out of cleveland ohio another well managed bank. they've done a great job in managing their capital and these are regional banks that people can buy as well as j.p. morgan. we think j.p. morgan is another investment people can own. >> yes or no will rising inte

goldman sachs standing pretty tall, so is jpmorgan.p is moving higher because it finally broke the two-time losing streak of not passing these stress tests. this gives michael corbett a new lease on life as the ceo. they will be able at least, maybe five-fold or six fold up that dividend. david: it actually said, if they fail another stress test, he would probably have to leave. so he doesn't have to leave now. michael corbett looks like he will be in the driver's seat for a while. peter barnes, thank you very much. so who is going to raise dividends and issue buybacks? two top wall street banking analysts tell us what is next for bank of america and citi and more now that the results are in. we're tracking after market reaction to all the stocks. liz: the showdown before the smackdown. mayweather and pacquiao go chest to chest ahead of their multimillion dollar title fight. a top boxing promoter tells us how much this battle means for the business of boxing. we'll take you live as soon as the news conference starts. don't go anywhere.

goldman sachs only had 6.1 in the capital buffer. >> skin of their teeth.p next, emerging markets. stay with us for that conversation. ♪ >> welcome back to on the move. i'm manus cranny. 30 minutes into the trading day. it is the end of a busy week. we know the shape and the size. we know the ecb will buy bonds. negative 2/10 of 1%. where will the euro go to? a parity on the euro-dollar. let us see what is going on in the markets. caroline has your market check. >> top of the leaderboard. up 16.5%. the united kingdom. better love from china. on by billionaire. -- owned by billionaire. he is buying shares. synergy is to be had with some of the companies. feeling the warm breezes blowing from that particular purchase. this particular company trading up on some speculation in the market. oil and gas engineer. perhaps ge capital is buying it up. here we have it at 180. people are buying it. meanwhile, on the downside, -- this is on the back of a sale of shares. owns 40%. that is a company that does testing in their laboratory. selling 10.9% on this particular c

goldman sachs says in six months they see it reaching parity with the u.s. dollars.he last time they shared the same value was november of 2002. >> thank you. >>> switch focus to asia. stocks in mainland china hit a five-year high after the government had plenty of policy to fend off a prolonged slow down. shanghai is up 2%, and hong kong up 0.5%. now we get out there live. >> thank you, willfred. it was the end of the parliamentary education and the chinese premier held the once a year press conference. it's the only time when we see the premier speak directly to the media. and the main message to the public as well as international investors is that the leadership feels that it can manage the downturn and that they're feeling comfortable with the current level of growth. now the growth is a new normal for this year is expected to be around 7%. that's the new target. and the premier also said that he admitted that it would probably be a bit of a struggle for the economy to reach the 7%. but at the same time he put a positive spin on it saying the government didn't h

goldman sachs is support is a financial liability and the second-biggest losing currency. only the ruble lost more. caroline: thank you. let's kick on breaking news. a little luxury for you this morning. just missing analyst estimates. for the failure, 2014 -- for the full year, 2014 was just ever so slightly shy. operating income came in at 1.2 9 billion euros, slightly down from the estimate but they are proposing an exceptional dividend of five euros per share. they also have a regular dividend of 2.95 euros per share. shareholders probably going to be happy by that rather hefty special dividend. across the board, you are looking at a regional breakdown across regions. u.s. strong, japan strong europe up 7%. this is a company able to weather the storm better than its peers because of its exclusivity, it's limited appeal, it's limited supply. it has written out the storm of slowing growth better than expected. we are watching for dropping prices. china is a problem. watch sales are down 11%. textiles and silk are good but watches seem to be a problem. 2014 sales will be

they did a better job than goldman sachs.he skin of their teeth. >> there is a little bit of wiggle room with the banks. this is what we want, right? we want a tougher fed, we want harsher multiple level stress tests. do you guys agree? is this a good thing? as a country, this is what we want. give me the other side of it. matt: what if you had less regulation and then when banks fail, you let them fail? that is kind of a novel idea, a free market, crazy thing. julie: then what would happen to the overall economy. matt: a former j.p. morgan chase executive is invading the world of virtual currency. he is the ceo of digital asset holdings that plans to use bitcoin for recording or settling asset trades. it could include anything. she says that trading takes place at work speed, settlement doesn't and bitcoin takes place pretty darn fast. alex: why do we need banks at all? we could use bitcoin as our currency. this is more about the idea of settling trades and helping banks. if you use bitcoin or other digital currencies, there

goldman sachs clearly the one that scraped by.they will not be able to pay out the same kind of dividend and give the same kind of share buybacks. bob: are we worried about citigroup because they passed the stress test? i been worried about citigroup for years. betty: why? : because a notch or citigroup will survive another downturn. and the stress tests for some -- bob: because i'm not sure citigroup will survive another downturn. olivia: is it the size, the leverage ratios? bob: the size of it, the mismanagement that goes on, and the quasilegal going into the legal aspects of what they've been doing, and what they've kept doing since the crisis. they haven't stopped. betty: mohamed el-erian just talked about how he is skeptical somewhat of mario draghi's plan. that is number two. the ecb bank president mario draghi and his qe program beginning on monday. he's very optimistic that this is going to work. more so than anybody else. olivia: good for him. does this fix any of the core structural problems in europe? no, but it buys hi

that's what i was working with. >> goldman sachs doesn't need to be offended here. having said that, i think the note should be put in the right context. also, hey, the market could go through a period of weakness. no matter what, you could actually have very good support for a market. you're going to see an 18% increase in buybacks out of corporate america after a record year last year. there's a place, a bottom under this market. there's a bid here that will probably go away for the next few weeks. 80% of the s&p reports between april 13th and may 1st. it doesn't tell you to go out and buy the names but it outlines a dynamic in the market. >>> google announcing it hired a new ceo who's leaving morgan stanley to join the company. the new hire leading many to wonder if a dif devidend or buy could be in the future. mary thompson joins us with a look at google's newest associate. >> she's 57 and a 28-year veteran of morgan stanley where he served as an investment banker covering tech an financial firms. she's been part of the senior management team that stirred morgan

when goldman sachs says in six months we'll see dollar-euro parity. >> it's amazing how people at .9 by the end of 2016 i saw a couple guys. i'll take some on the face of that. i thought the euro was going to hold 1.06. i thought actually 1.08 was the level it would hold. and then 1.06 behind it and technically these are important levels. i think the differenttials, i said this to you on "power lunch" which is what's happening now what's going on with interest rates too is interest rates are so compressed and there's no real divergence and we're not seeing this -- any real difference in interest rate policy. sought currencies are how you carry out monetary transmission. why are we seeing such major currency moves. i think the ecb is different than where we were. i don't think the fed can do anything tomorrow. and i think based upon how the market's reacting i wonder whether the fed can do anything in june. >> i think you're going to see more of the same. higher dollar, you're going to see lower oil, lower euro. to b.k.'s point the trade has been so overdone, quote unquote, that you c

goldman sachs taking a baby step with the goldman sachs bdc business development corporation.rms. goldman's bdc expected to price between 20 and 21 a share, 6 million shares in 900,000 share overallotment trade under gsbd. now goldman sachs declined to comment but a lawyer says other banks are keeping an eye on the ipo to see if it's a way to provide funding without making outright loan that carry hefty requirements. it doesn't require a bank set aside additional capital. goldman, according to a filing will hold 20% stake in the firm investing alongside its clients benefitting from capital appreciation in the high dividends bdc is expected to pay out, as required to distribute 90% of its income. for goldman a small investment so any risk is reputational than financial. if it underperforms, according to the analyst. goldman asset management arm does face a tough market right no bdcs with competition from lenders and asset quality of bdcs at low level. so wall street will be watching. >> thank you so much. >>> over to the cme. collect in with rick santelli and get the santelli e

a much better play, the lpls of the world, zaschwab, goldman sachs.he business can show the effects of it. >> i want mike mayo to respond to what laszlo said. bullish on the banks, laszlo not so much. >> well, we are selecting those banks that have an extra earnings lever. revenues are still tough for the banking industry. so if you're citigroup you're one of the best restructuring stories in global banking. they have many levers to pull. if you're jpmorgan, they're at an inflection point for improving the efficiency of their company. on the other hand some other banks efficient without extra earnings levers to pull we're staying away. >> laszlo going to his research book. everybody better watch out. let me ask you before you go, great having you here, always good to see you. overall before you leave, leave us with a thought about how you overall feel about where we are right now and where we may go? >> i wrote a piece in november 1990 and i said the market was already ahead of the pace of 1982. and that if it continues at this pace, that the s&p will

alex: goldman has a reputation of being government sachs. hank paulson, bob ruben. w thing. there might be special treatment towards goldman in particular among all the investment banks. but what is interesting is ted cruz is a republican. we are seeing this hatred of investment banking still prevalent within politics on both sides of the aisle. this may be one way ted cruz can differentiate himself from the other republican candidates. betty: facebook plans to unveil tools at its developers conference today that will allow developers to reach an audience and also boost revenue. facebook shares broke an all-time high last week and trading now at $85. some of that has to do with how well facebook has done on mobile. that has been a driver for revenue and also the share price. lisa: which is why they are putting an emphasis on this. they want app developers to use their platform to develop the next big thing so they do not become obsolete. alex: win-win, app developers want the 1.4 billion person audience facebook delivers. betty: exactly. there is apple, that is numbe

goldman sachs up 9% and bank of america up 4%. these are the names that obviously the market has placed the bets on. bank of america probably has the most upside potential to shock the market, but would i still go with citi, jpmorgan or goldman sachs. >> you know, and i don't think there's a lot built in. an analyst downgraded bank of america last week for a possible failure of this. i don't think expectations are particularly high, when you think of how bank of america closed last year as a multi-year high and went down 20% and almost a in a straight line in january. the stock has obviously moderated a little bit. something else is going on at bank of america, too. i don't know if you have notice it had, a lot of headlines, high-level departures from the merrill lynch and merrill lynch on the institutional side, okay, and we know they had a lot of brokers leave over the last few years after that deal, so it seems to be that maybe that merrill that was such a gem for these guys, they may be losing some of the shine over the last c

metro and goldman sachs are part of the london mercantile exchange.e that business peeled away from banks, what does that wind up doing for a business like yours? >> we just listed and aluminum contract and that's exciting but the problem is the loadout time and how much time it took to get the aluminum out of the yard. that was a big issue and once you get that smoothed over, who owns the men who controls them want be an issue for the end-users of those products. alix: speaking of the controversy surrounding the banks and trading, it has in about a year since michael lewis'book came out. i want to get your response to this. take a listen. >> if every market took the responsibility to make itself fair by eliminating the speed advantages the problems would go away. the problem is this bead to the traders. it would be a collapse of their business model to do this. alix: what is your take on that? >> the market has never been more level in my 35 years of being in the business. what he is suggesting is people are selling speed to only certain individuals

goldman sachs replacing alcoa.anges in 2014 and today apple will replace at&t effective march 19. we reached out to s&p and dow jones and they said they did not run the numbers so they could not answer a question but the presumption here is that the dow would have been higher. >> there is no shortage of math expertise. what are the results? >> one of our equity specialists ran the numbers and came up with an approximation. let's show you the charter of the dow jones industrial average since the start of 2009. the y-axis is not the actual level. the dow jumps 162%. we figured out what would have happened in here is what he got. that is the yellow line, a bigger gain. 221% increase, a difference of 59 percentage points. this is an approximation and the chart reflects price appreciation of the dow's constituents. we not making a claim on where the dow would have been and this does not include reinvested dividends and all of that. >> whether it is the dow or the s&p, fund managers are matching the index. >> i have been

a get back to, what is goldman sachs about? what he says matters.cuss whether you are saving enough for retirement when we come back. ♪ tom: good morning, everyone. well, watching it carefully, a bit of a bounce, $42, $43. olivia: netanyahu is surviving a big election victory. the likud party capture the most seats in the yesterday's election. they entered the election trailing in most opinion polls. policymakers at the fed wrap up a two-day meeting. there could be an increase in rates as early as june. also gay marriage is getting the blessing of the largest presbyterian congregation. they change their definition of marriage to include same-sex couples. the church is nearly -- the church has nearly 2 million members in the united states. and recalling boxes of macaroni and cheese. some contain small pieces of metal. they were sold in the u.s. puerto rico, and parts of south america. eight people have found metal in the product. the company says it has no reports of injury. and another disgraced sports icon is seeking forgiveness. lance armstrong is

bush administration and work for goldman sachs in 2005.h voter turnout in france denied marie le pen first place, as had been suggested. falling short of the 47 seats won by the socialist, the parties are hoping to watt -- were hoping to ride a wave of antiestablishment sentiment in europe. mario draghi rejecting the blackmailing of greece, responding to a question that drew a waiver for the you -- for the ecb to accept junk rate bonds as collateral saying they will reintroduce the waiver at some point but that several conditions have to be satisfied. the euro floodgates are open, investors rushed to the exit putting their cash to work elsewhere in search of returns. where, exactly, are they putting that money to work? is the search for yields riding them to take risks that they should not? here on the set with me, the head of currency strategy and fixed income research at [indiscernible] and the author of the book "the fall of the euro." robin, what is your call on the euro? robin: we think that the euro is in a big weakening trend. we ha

heidi cruz is on unpaid leave from goldman sachs. mark halperin asked cruz if he thought goldman was a positive or negative force on society. cruz said some of both and partially blamed washington. ted cruz: my criticism with washington is they engage in crony capitalism, they give favors. i have been an opponent of crony capitalism. taking on leaders in both parties. big business if they are building a better mousetrap, great. it should not be government favoring. matt: now that his wife has taken leave, the cruz family will lose its company-provided health insurance. he told cnn he expects to get coverage through obamacare. olivia: more on the megamerger. can shea joins us from new jersey. also with us, julie hyman looking at some of the details. 3g, the brazilian buyout kings, have a reputation for slashing costs. are they going to cut fat. matt: we are going to have fun with puns. olivia: is it an american empire? or about slashing costs. julie: warren buffett likes to eat processed foods. it appears to be, lipservice to the idea

univision reportedly hired goldman sachs, morgan stanley to lead an ipo. the company is looking to raise more than $1 billion which would value the spanish language broadcaster at up to $20 billion. that would make it one of the biggest media offerings in several years. it could come in the second half of the year. during it's last earnings call they hinted an ipo was likely within 12 to 18 months. it's headquatered in new york city but main studios and operations are based near miami. it includes soap operas sports sitcoms, variety shows and news. it owns several cable networks and a group of spanish radio stations. it has the largest spanish language audience in the world and some beat english language networks such as nbc and primetime ratings. it was taken private in 2007 by a group of buyout firms. for $12.3 billion. mexican media company owns an 8% stake in univision and bought debt that could be converted into a stake of up to 30%. they hold three board seats and licenses programming to univision licensing revenue and royalties each year. they tried

goldman sachs did not give money to the clinton foundation, they could have given it to the goldman sachs foundation by the way, because it is so charitable. it gave money to the clinton foundation because it wanted to kiss up to hillary. it wanted stuff in return. i will say this though. here is one thing about hillary clinton she shows no shame. she won't care -- >> that is a compliment right? >> won't matter to her. she will trudge on and fight on. rip people's heads off that get in her way. >> whoo. >> her defense is the foundation helps people. but this is so loaded with conflicts of interests this story has legs. i think it drags on, if she does win the nomination. melissa: yeah. amazon is one step closer to delivering your packages by drone. the faa giving the green light for amazon to test delivery drones but not without a few strings attached. the operators need a private license. can only go as high as 400 feet. has to be 500 feet from people not associated with the experiment. but it is a step in the right direction towards getting all your packages flying directly over your he

goldman sachs things he can go down to 1.00.he treasury and the fed would start to become uncomfortable? mr. bjeler: i believe not yet. of course, if you ask the americans they tell you the strong dollar is a policy of the -- country. but it is not at this point in a moment to get nervous about it. i think we could get further the evaluation of the euro not much more but i do not see any reason why parity cannot be reached. guy: a good point. stay where you are. we will come back to. mario bljejer the vice-chairman. he stays with us. ahead, the crisis in europe is, well it comes on many fronts. we talked about russia, ukraine, we talk about greece but there is one we do not talk about -- libya. malta's prime minister tells us that libya is more important than ukraine. find out what he had to say to me yesterday. ♪ guy: you are watching "the pulse" in london. europe has been focusing on greece and the ukraine as sources of instability. onen that the european prime minister is concerned could be a bigger threat. i spoke to the mul

erik: and that was important for jpmorgan and goldman sachs right?el: they asked for too much and had to scale it back. some banks of had to do that and some bank executives say you should not use a mulligan because that means you're asking for a lot and you are working for your shareholders. erik: i think it is worth pointing out another thing. which is kind of crazy. this was brought to my attention by another wall street executive yesterday. if wall street -- if these banks release information on the schedule the fed releases information, the sec would be all over them. think of citigroup last year. citigroup seem to have all of this room to give capital back to shareholders because it did well under the stress test. as michael pointed out, it failed the qualitative assessment, but michael corbat did not know that. the ceo then, the ceo now was in south korea at the time. the moral of the story, when the stress test comes out, make sure you are in new york city or san francisco -- stephanie: i'm sure that day he was in south korea, he did not want

a lot of americans think goldman sachs. john: i do nothing true believers will carry it all.e stands -- extends from emotion and not reason. that is true on all sides of the political spectrum to hurt i've worked with a lot of folks who have true believer always on both rides. the facts just get in the way of predetermined beliefs. betty: would ted cruz make a good channel on your network? we should be signing him up. olivia: it looks like he has the same producer of jolo steve. -- joel osteen. betty: apple just got a big upgrade and could make $1 trillion of apple. $1.80 per share. based on apple watch an iphone's growth in china, imagine a $1 trillion company. john: i have my doubts about the watch. let's see, but the rollout made me miss steve jobs, not only for the theatrics of the rollout, but the product. you know he would have done something with that to make it that are and magical. and he is not here to do that. we will see whether anybody feels they cannot live without that watch. i do not think that watch even looks as good as the android watches. olivia: this is r

john: outside of the confines of manhattan, goldman sachs is not the most popular institution in theorld and not one that is wildly popular with the republican base. ted cruz has a lot of conservative followers who are leaning in the direction of the tea party and they are suspicious of or hostile of big financial institutions. he portrayed his wife as a business leader but did not give any specifics. it's possible that we might ask them about that tonight. alex: what about rick perry? what is the theme? john: mark halperin was done in houston this morning for an event with rick harry, the former governor of texas. we don't know if he is going to run in 2016. mark talked to him about what it means to be a next governor, no longer the governor of texas, and about how he is going through the process over whether to get into this race this time around. alex: definitely tune in for senator ted cruz and rick perry on "all due respect." . coming up, the most powerful woman on wall street is going west. you may soon be able to get your news on facebook without ever leaving the app or websit

and ted cruz's wife has taken unpaid leave from her awesome job at goldman sachs to help out with the campaign, which means, guess what, ted cruz needs health insurance. >> so she's taking an unpaid leave of absence from her job, so we're transitioning, we'll be getting new health insurance, and we'll presumably do it through my job in the senate, so we'll be on the federal exchange, like millions of others on the federal exchange. >> so you will be getting bollcare, effectively? >> it is one of the good things about obamacare, is that the statute provided that members of congress would be on the exchanges without subsidies, just like millions of americans. >> okay. that is right, okay? ted cruz is going to sign up for obamacare. now, i should note, as he makes allusion to, he doesn't have much choice. the way the law is written, members of congress who don't get insurance from medicare or spouse are required to enroll in obamacare, and that was the result of a dumb rhetorical bluff where republicans said, if you love obamacare so much, why don't you marry it by tying it to us? okay,

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he's probably right in term of citi but you go back to goldman sachs. great interview with gary. he's pleased with the liquidity position and if you think about this quarter specifically we have seen unprecedented volatility in currencies, commodities and the bond markets have a big move. you wonder approximate the currency commodities group is going to smoke this quarter. they report april 16th. the stock had a big sell from 198 to 175. this could rally into their earnings. >> you earn a number of financials we talked about tonight. does this make you rethink the relative weighting of these positions within your portfolio. >> yeah, probably bank of america and then jp morgan. i would probably switch the first two. city is better at this point than bank of america. particularly it's priced to both below one. that is the most attractive. >> i'll likely do it tomorrow. >> we have news here on apple. josh has the details. >> well, melissa, apple appears to be back up and running as we told you throughout the day. we had this issue with a number of apple services. i chose the app sto

bank of america got a conditional pass and goldman sachs, chase, and morgan stanley cleared after revisedllions in buybacks dividend increases have been announced since the reports were released. shake shack served up its first earnings report and they came in medium well. they beat revenue estimates but posted a greater quarterly loss than expected. shares are following in