and that seems to have missing money, and on top of that, if the fund had worked with goldman sachs and got some good like $500 million for their dealings with it, that is what we are talking about and that is what happened in malaysia right now. caroline: phenomenal. talk about the political repercussions and where this goes. how much is goldman sachs embroiled in this now? are they stepping away from the employee? >> sure. is the primeing minister of malaysia, this has been a funny thing. a premise or is disputing with him over the case. what it comes down to is this issued billion dollars of debt with goldman sachs, and the idea was they would help fund local projects. they would build a huge financial district. that has not gotten off the ground. at first, people were upset goldman sachs had made so much money off of the bond yields. but that has been overshadowed by a sense of, has money been taken, where is it. swiss investigators believe $4 billion is missing and it is worth pointing out what it says everything is above board, and the prime minister has said the $600 million was

goldman sachs, good old goldman sachs, will keep the dollar bulls happy. goldman says, stop worrying. value the dollar is already in the price. let's see how the strength of the dollar is pervading across markets. you are seeing a dropout of some of the commodity plays. you have oil coming back off of its recent highs. timesories are three what were projected. volume study percent below the overall average. you are back below $40. the psychology of breaking markets. it into perspective for you, gold is at a one-month low. emerging markets are also lower. the glory is fading in this global equity market rally. before easter, will we be bull or bear. yvonne? yvonne: really good morning to you. we are seeing optimism after the premier's speech. that resurgent dollar really weighing on asian markets. we are seeing energy and financial shares tracking down the market. china's stocks dropping the most in two weeks. we did get some earnings that were pretty weak. the theme seems to be low commodity prices. we did see that the small cap stocks entered into the bull

about goldman sachs. goldman sachs recently received a $5 billion settlement with the united states government. [booing] >> and they reached that agreement because they were selling worthless packages of subprime mortgage loans. and they and the other wall street crooks were the people responsible for driving our economy into the worst recession since the great depression. now, here's a funny thing. some kid gets picked up for smoking marijuana in vermont or new york city. that kid gets a police record. but if you are an executive of a wall street firm, you don't get a criminal record for destroying this economy. you get a pay raise. [booing] together we will bring justice back to the criminal justice system. and equal justice under the law means that if you are rich or poor, you will pay the price if you break the law. that includes wall street. let me say a word or two about some of the differences that exist between secretary clinton and myself. when we began this campaign, we had to make a choice, and

all it took was goldman sachs waving investors off the recent rally that we've seen lately. man saying, you know what? forget it, the rally is premature. to oil had its first down day in three sessions or, down 3, nearly 4% this hour standing at $36.42 a barrel. in the meantime, talk about a tech crunch. micron technologies plummeting 7%. this after analysts raised quite the warning flag yesterday. so what they did was they met with suppliers of d-ram, and one analyst said that oversupply concerns is the reason for cutting the price target to $8. so right now at $10.76, micron is falling. still not close, though, to $8. is american express maxed out? that spike you saw yesterday was the result of charlie gasparino's reporting that the credit card company was possibly looking to become an acquisition target. what do we have here? we have another 1% gain. ceo ken chenault may have, according to gasparino, lost the confidence of investors and board members as the stock has plummeted 25% over just the past year. so right now gaining 1% and then another percent yesterday, so we're

point number two, wall street firms like goldman sachs make huge contributions to candidates. so they put millions and millions of dollars into the political process to get the candidates beholden to them. point number three, the revolving door. you know what a resolving door is? people go from wall street to government back to wall street. last 25 year, goldman sachs itself has had two secretaries of the treasury as well as many other high ranking individuals. work from government go back to wall street. third of all, maybe the most painful. some kid from minnesota or vermont gets picked up for possessing marijuana. that kid gets a criminal record which stays with him for his entire life. but if you are an executive on wall street whose fraudulent behavior destroys the lives of millions of people, you know what happens to you? no, wrong. you get a salary increase. and then if you are the head of of eadman sax, you come goldman sachs you come to give huge tax breaks to the wealthy. together, we are going bring justice back to a broken criminal justice system. [cheers and appla

the guy is a goldman sachs star.irm thatchs is a more than a week -- more than any other bank on wall street mastered money and power. in a way his critics still like. in the united states, critics get upset when is the another has become a lawmaker or a governor or secretary of the treasury. but it is a lucrative combination. if you go to a country like malaysia or indonesia nearby, then those become, kidded. tim weisner is clearly a friend of the prime minister. what are the specific charges against weisner? >> to be clear, no thing has been charged. subpoenaed, but apparently, he has been told he is not the target. i think they're clearly seem to who investigators are interested in, in switzerland and malaysia and the united states. does the malaysian government say and what does goldman sachs say? a goldman sachs banker is here right now, she or he would say, what happens to the money concern.cessarily our i could imagine them saying that. on the other hand, they have into animate -- a messy issue. what would hap

goldman sachs has been holding on to its alleged stance on the dollar. -- goldman sachs has been holdingullish stance on the dollar. at the end of last week, it fell below $30 signaling it is time for the dollar to rise. guy: bono, eu rally? it is down to what is happening with china. up.as boosted commodities that is helping e.m. the fed has dumped emerging markets as well. the run has been externally strong already. in the e.m., you do not see this relationship, in fact it is the effects that is -- rather than the other way around. that is why i think emerging markets -- [indiscernible] coming up.rom bhanu we will talk more about brazil. we will see you in a moment. ♪ tom: welcome back. we are half an hour into the trading day this afternoon. here's a picture of the markets. we have a short week. you'll see some volume coming out of the markets. the are fading some recent rallies. friday was an interesting day. out. find am looking at italian lenders as well. they are doing some of the most outperforming. they are up 3.4%. this continues across some of these key banks and players. they

mark: this is goldman sachs versus the commodities basis.lling to a six-year low in december. gold has rebounded. u.s. data will reinforce the strongest dollar. this will drag down prices. iron ore, what a day. biggest rise ever. goldman sachs says the market funds -- fundamentals are unchanged. the current rally is only a brief low. look at copper. copper has rebounded by 15%. goldman sachs says it's time to short copper. it's finishing finally with the price of oil. we've seen a rebound of 19% since february 11. prices will have to remain lower. rebalance toto take place. oil will fluctuate between 20 and $40. if goldman sachs is to believed, this upward trend eight got a last. -- isn't going to last. difficulty, technique, joe is the winner. mark, you were almost there. don't forget to check at those charts. the european close is still ahead. here are some statistics to chew on. women represent only 20% of all corporate board seats in america. on this international women's day, what's being done to change that? ♪ mark: i am mark barton in

tracy: what is this me for goldman sachs? -- what does this mean for goldman sachs?this a return for the reputational issues? keri: it is something goldman is going to deal with. they have hired an outside law firm that are looking into it and you see this with banks a lot when they work with emerging markets. sometimes there is blowback. i think it is important to know that it is not really clear if goldman or its employees did anything wrong. david: the allegation from parts of malaysia is that this could be politically motivated. keri: absolutely, and pundits that started is because the prime minister, big fan of 1mdb, set it up, a lot of his opponents said the funds were misappropriated. this started a global accord you had the u.s., singapore, switzerland, among other countries looking to see what happened with the money. tracy: ok, bloomberg reporter keri geiger, thank you so much. commodities rally seeing a pause. will the outlook remain bearish? ♪ from bloomberg's world headquarters in new york, i'm david gora. tracy: and i am tracy alloway. this is "bloomber

and we have a trade involving goldman sachs pit shares in the bank have gained 2.4% over the past two days. and as we had to break, a look at the s&p financials in a this year. down about 6% from well off its low. financials trying to make their way back. ♪ carol: this is "bloomberg markets." i am carol massar. let's get a check on where the markets stand this hour, beginning with the s&p 500. so the session -- near the highs of the session, 2019. dow jones industrial average come up 203 points at this hour. and let's also get to the nasdaq. 1.6% is the percentage gain. nasdaq at 4736. time for the bloomberg business flash, a look at the biggest business stores in his right now. shares of greenberg partners are higher today after they announced a sales dan and fourth-quarter profits that beat estimates. it is another bright spot for the chairman, whose main hedge fund was up more than 3% this year through february after slumping 20% in 2015. global sales falling a little more than 1% with volkswagen still being heard by the diesel emissions scandal. sales were higher in europe but he

nejra: goldman sachs and bank of america are planning job cuts to reign in costs. ll illuminate 5% of traders and -- will eliminate 5% of traders. meanwhile, bank of america will dismiss 150 trading and investment bank employees next week. largeste, the world's luggage maker, has agreed to buy the company. it is the biggest acquisition for this company. the london stock exchange group has had four year total revenue jumped 78% to 2.9 billion pounds. the final dividend came in at 25.2 pence per share. their mergering with deutsche bank. hans: the german finance minister has used a gathering of u.k. business leaders to make his feelings clear about a possible brexit. schaeuble was asked about a possible brexit of the british chambers of commerce >> in a london. >> what would germany do if the u.k. voted to leave the eu? >> we would cry. [laughter] [applause] hope we will not. it is the decision of the british people, of course. hans: staying with us on the robit and business fametheme, is here. written a couple of books in your spare time. one of them is "would they l

well, miners reverse course on weak chinese trade data as the metal analysts at goldman sachs warn there is more downside to come. >>> burrberry turns heads amid reports the luxury brand is trying to fend off a mystery investor that could be preparing a takeover bid. >>> and escaping the valley of tears. rwe shares outperform in germany as they reassure investors on loss-making unit and power. we speak to the cfo first on cnbc. >> and nike drops five-time grand slam tennis champion maria sharapova after she admits to failing a drug test. >> i made a huge mistake, and i -- i let my fans down. i've let the sport down that i've been playing since the age of 4 that i love so deeply. >>> good morning and welcome to "street signs." well, here we are in red, clearly outpacing the green. the stoxx europe 600 off about 1.3%. you can blame is on the weak chinese data. you can blame it a bit. we are missing out on the continued gains we saw on wall street overnight. the picture here is very different. we have some individual movers tied to earnings, management changes. but let's take a look at how

goldman sachs made one last week. to me gorsky is bringing out so much value that jnj is one of the few pharma companies that i think can with stand this election year. and come out the other side with a stock that's much higher than there is much more "mad money" ahead. there can only be one winner in basketball's big dance. can the same be said for your portfolio? don't miss my take. this weekend we saw paint consolidation when sherwin williams announced a bid for valspar. i'm cluing you in on the deal. and my homework's due! time to see if you can consider buying these. so stick with cramer. my son and i used to watch the red carpet shows on tv now, i'm walking them. life is unpredictable one thing i need to be predictable is to be flake free. because i have used head and shoulders for 20 years. used regularly, it removes up to 100% of flakes keeping you protected every week, every month, every year you ready ma? always life is unpredictable, so embrace it! head and shoulders. live flake free for life i can't belie

nce, sodiverges says goldman sachs. ay they see it as unsustainable, but goldman hasn't found much historical support for that opinion. volkswagen led vonnie through the emissions scandal has unexpectedly quit. he became the u.s. chief executive in january, 2014 and improved the relations so much that when the emissions scandal came to light, independent retailers ordered him to stay, saying his removal would be "catastrophic." hawking has backed the campaign for britain to stay in the european union, saying brexit would be "disastrous." the academic leaves 150 sellers at cambridge. says it woulding severely affects researching the u.k. and many young scientists are recruited from europe. former salomon brothers boss has died at the age of 86. he was proclaimed the king of street and 95. -- atin 1995. his son said he died in hospital from pneumonia. global news, 24 hours a day. you can find more stories from bloomberg. anna: thanks. let's check in on the live market action in asia. david ingles has the details. david: th

the question is, you know, goldman sachs didn't buy us to have honest dollar become goldman sachs.nology, all of the startup stuff we do into their platform, into their environment, their family. we are going to be still a wholly owned subsidiary, we get access to a lot of capital to improve the product for our customers. we continue to operate as we have over the last year. >> brian sullivan. how many people does it take to run your company? if you had $100 billion under management at honest dollar, how many employees would it take to manage that? not a lot, i assume. >> that's a great question. no, it is not. we're a software company. most of us come from backgrounds. tom bishop was the cto, we come at this from a system management approach. the whole idea is fewer employees, better more powerful, more pervasive software. the number of assets in that makes no difference on the number of employees we have. the only thing that matters, the number of users which would mean we need to add customer support people for if and when people have questions that can't be answered in the faq

goldman sachs made one last week.me gorsky is bringing out so much value that jnj is one of the few pharma companies that i think can with stand this election year. and come out the other side with a stock that's much higher than where it is now. there is much more "mad money" ahead. there can only be one winner in basketball's big dance. can the same be said for your portfolio? don't miss my take. this weekend we saw paint consolidation when sherwin williams announced a bid for valspar. i'm cluing you in on the deal. and my homework's due! time to see if you can consider buying these. so stick with cramer. >>> 15 seeds do beat 2nd seeds. upsets happen. [ applause ] we are surprised but they occur. even as in the end a true underdog almost never wins the ncaa basketball championship. we all accept that when it comes to march madness. every bit is a given. still when middle tennessee stuns michigan state or baylor falls to yale we are as stunned as i hope the nation will be whenville know eva takes it all the way in ho

he will try to pin goldman sachs on hillary clinton.ry clinton got huge speaking fees from goldman sachs. he will make a bad situation in the banking sector. the banging business is not doing very well right now. but they feel from their standpoint they will be the whipping boy of donald trump. she has taken a lot of money from goldman sachs and others. liz * he has never taken a bank loan from them? >> he has had a testy relationship with banks over the years. when his properties were in bankruptcy, when he was almost insolvent. his casino properties were in desperate shape and his real estate properties were under water. he went toe to toe with the big banks. citigroup it was cticorp at the time and jpmorgan was chase. the upshot is there is no love lost between the banks and donald trump. so he has no affinity for them to begin with and he sees them as a convenient weapon to go after hillary clinton. and he will have to broaden his class warfare appeal. he will have to go for the base that he has now, which is conservative to right-l

pushesup, goldman sachs deeper into money management. why goldman isto making this purchase. at the bottom of the hour, what is driving volatility in tech stocks? is it simply a case of being overvalued or are there fundamental problems? here's a look at the trade on the nasdaq. ♪ vonnie: let's check on where the markets are right now with a look at the s&p 500 -- very fractionally higher, barely in the green. the intraday trade on the dow sweeping higher. up finally, the nasdaq fractionally, less than .2%. time for our latest bloomberg business flash -- a disappearing medical implant -- we are getting a closer look from the fda this week. the fda meets to review a first of a kind heart stent from abbott laboratories. it dissolves into the body after clearing fat clogged arteries but regulators are questioning the safety of the experimental device. new allegations against books when in today could put a dent in the carmakers already battered reputation. the company obstructed justice for three days after the epa accused the company of cheating on an emissions test. that's par

goldman sachs' commodity team out with a new report today. the goldman team suggests those factors have driven a premature surge in commodity prices that is not sustainable. z the firm is maintaining its bearish view on gold. as for iron ore, goldman predicts a rally will likely prove temporary. it's maintaining the end of year target of $35. on oil, goldman's near-term view is for a trendless market. the firm has a bullish end of year view on energy saying oil will likely rebalance this year and correct a deficit market by year end. lots of volatility. clearly we've come towards the top of the range of that at the moment. that's why they're saying this is a bit premature, this rally we've seen. >> it's a bearish note when you look at it. they don't believe the underlying demand in the chinese market, which they said have driven a lot of this. another 18% to 20% fall is predicted by goldman sachs in metals, like copper, which have been surging on the back of renewed, better sentiment in china and the rest of the world. >> what i think is inter

no more goldman sachs. pat: hillary going to have to give back a lot of money. clarence: i find it hard to believe she'd sit still. if hillary did cut a deal with goldman sachs that elizabeth warren didn't approve of. pat: i don't see hillary breaking up the banks. john: question if sanders whens the democratic nomination, will he pick hillary as his running mate? pat: she wouldn't take it. eleanor: not going to happen. either the number one spot or the number two spot that you just speculated. tom: it wouldn't, maybe he'd go with biden or something. clarence: he would need somebody like hillary, an establishment. would be good. eleanor: at the gridiron where clarence performed, vice president biden said if all else fails, i'm available. clarence: and knowing joe, he was serious. pat: they need a younger person. hillary is up there. donald trump is almost 70. you need a younger person. john: the answer is he'll pick either hillary or elizabeth warren. predictions. john: who will win florida and who will win ohio in next weeg's voting? pat: trump wins florida, oh

look,i wanted to take a bank of america, goldman sachs, jpmorgan, and citigroup. and the blue line here is the s&p. what is striking to me, the s&p is relatively positive for the year. have yet tobanks move higher. they are still lower on the year. they came out with a note today saying it is a perfect storm for banks, downgrading earnings from goldman sachs, morgan stanley, because a big investments. the s&p move higher without banks participating? this gap shows up. your member december we were talking about interest rates? that worked out well. i have something all the way from china for us today. their chair of global payments. you can see it has now fallen to its lowest since october 2014, this is in percent. it comes from a swiss global data. obviously, one big thing happening over the past few weeks and months, people were worried about a chinese devaluation. if you're worried about devaluation you probably don't want to be trading in the u.n. yuan. want -- it is still interesting, especially after the ins added reserve currencies. kind of interesting. scar

goldman sachs is on a different path, seeing oil widen. and the kiwi cut -- new zealand central bank surprises five lowering central banks. they're blaming the chinese. look at the prices. let's talk about what is going on. it's ecb day; we are counting you down to that decision. my question is, will draghi this a poin disappoint, and how doese helps the banks? hans: those are the key questions -- what does he do, how to see where the two hats? how do they spur growth, what happens if they bring the deposit rate down even further and the banks cry uncle? think weuestion -- i could hijack the rest of the programming so we can talk the whole way through. i know you are excited but we'll try to contain it. guy: five hours, 13 minutes, 24 seconds. we are excited. let's talk about the european open. let's talk about where we think the open will be. absolutely flat. column is pretty flat. the market is waiting, hans, for what is happening with the ecb later on. hans: i think that is the key question. it's driving a lot of the volatility. we take

let's ask the senior portfolio manager for emerging market debt at goldman sachs.m out. what would this recovery look like? you say that it will not be rapid or v-shaped? havingt of all, thanks me. you are spot on in saying that we are skeptics. in the same time we have had three years of returns with valuations. class islly the asset the one where there was consensus, which certainly seems to be the case in the emerging market. fundamentals were better than the emerging market perception. where things have replaced the loss and that's a euphemism for things being beaten up. julie: of course -- alix: of course, the issue is how do you stem the default. yakov: china remains a concern for us and quite a few people out there. we are armed to the teeth with china hedging. what we are looking at right now is that in china, but the idea is still the same. debt rising. it's ahaving said that, matter of how much is in the price? it's been rising across the board. looking at sovereign balance -- sovereign balance sheets, theing materially lower in developed markets. then we

billion dollars. >> that is what investigators are looking into. >> potentially with the help of goldman sachsell, goldman sacks played a role on deals -- >> goldman sachs led the bond offering. sort of the key intermediary between the saudi and malaysians and during this time spending hundreds and millions of dollars on real estate. >> all of those luxury purchases bought with dirty money. >> that's what they are investigating. >> the higher than average fees that goldman got, several hundred million dollars, do we remember that correctly? very like eye-popping amount of money relative -- >> relative to the size of the deal, it's significant. >> we were looking at goldman sachs and wells fargo, rolled into this thing. what we're learning is money is sou global that when corruption investigation -- who cares about malaysi malaysians, it's expanding into all of these other areas. >> and got fired for writing a letter misrecommending somebody. >> thank you. >> let's take another check at lumber liquidators, the crux of the case is that they could be exposed to several lawsuits the stock is down

muche really depicting how you are on for goldman sachs. it'll be hardest hit in q1. is not through with the quarter. we are inside goldman sachs with executives telling us they have risen 25% this quarter. credit is going 32%. some of the other banks are even worse. city -- city bank and jc poor good -- morgan coming in. carolyn: break it down for us. currencies going to be the hardest take? where are we seeing the slums." -- slumps? >> we have sony companies. we have the delay. the markets have been so volatile. with the ipo this year, activity is down 14%. that is huge. this quarter, we have already seen a hand of several small guys in the united states, this is the worst i've seen since the recession. that is where banks are getting really hit. it is holding up. it will be much longer to close. you know, they have funding markets closed. certain asre not as if they will be cut. there talking about renegotiating the price. are probably not as badly hits as the other two areas. it is also down. mark: the first quarter is typically the strongest overseas quarter. thes

tracy: thanks to alberto ramos of goldman sachs. that was a whirlwind to her the land market economy. comment -- whirlwind tour of the latin american economy. coming up come on this seventh anniversary of the most recent bull market, we hear from dueling equity strategists. jefferies in citigroup if their perspectives on whether the cycle has left to run. david: plus, new information on the circumstances surrounding the death of the former chesapeake ceo. tracy: donald trump stays on track while rubio finishes last. we will get you caught up on both sides of the primary race. ♪ david: welcome back to "bloomberg markets." i am david gura. time for the biggest business stories in the news right now. moment of truth foursquare today. it releases its first earnings report as a company. shares were up 25% after the ipo back in november. analysts will look for data on payments for small and medium-sized businesses and whether square can boost market share after competition from paypal and other companies in the mobile payment space. valia

interestingly, this doesn't capture the earnings report with goldman sachs.will be reported on april 19th. it does capture jpmorgan's earnings. that might actually be able to be the bellwether essentially for goldman sachs. the stock itself to me looks pretty cheap here. probably nine times estimated earnings. but when you take a look at the price chart, we'll refer to gia for this one, it kind of looks like grim death. >> mike looks great. >> that chart looks awful, but mark looks great. >> what about the chart? >> looks awful. >> he's right. what can i tell you. >> all right. mike, thank you. check out the bull show on friday. >>> one of the most influential minds on the street. he's here with the biggest risks to the market that investors are missing. that is right after this break. you're watching "fast money" on cnbc, first in business worldwide. i'm here at the td ameritrade trader offices. steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in

goldman sachs and bank of america are planning job cuts to rein in returns. it will rain in more than 5%. meanwhile, bank of america will dismiss about 150 trading investment banking employees next week according to people familiar with the decision. samsonite, the world's largest branded luxury maker has agreed to buy cumene. it's the biggest ever acquisition. they plan to retain the design team to ensure that the quality .f the design remains intact with the various segments. below is an want to have to win. china's richest man is pretty the largest cinema chain. movie theaterest chains. -- deal combines america's that is the bloomberg business flash. manus: china's political elite are meeting in beijing to improve the,'s 13th five-year plan. you want to find a balance between growth and reform. haidi lun is in beijing for us this morning. good to see you. begins tomorrow. are we going to see any clear policy announcements. ? >> good morning to you both. we are expecting or hoping for clarity when it comes to this policy. a lot of analysts have said they it

believe that senator clinton should release the transcripts of her speeches to goldman sachs?at our candidates are out doing what they should do in a primary. they are debating the issues. >> you are not answering my question, senator. >> what i'm doing is telling you what i think should be going on right now in this election. >> it's just a yes or no question. it's a yes or no question. should she release the transcripts or not. >> what i told you is i think the primaries are doing what they exactly should be doing and the candidates are being tested. >> now, some are saying that's the sound of warren positioning herself to be hillary's potentially v.p. pick. is the democratic party gone so far left that it's willing to nominate a massachusetts leftist for the number two spot? joining us now to discuss from chicago tom bevin a reporter for real clear politics and washington, d.c. a political reporter for "u.s.a. today." now, tom, is the democratic party more liberal now than ever? >> i think objectively it is. i mean, barack obama has probably been one of the more liberal pre

he was pretty explosive, as expected.we had just curry of goldman sachs ., you have a public spat with yanis varoufakis. that is the understatement of the year. you don't agree with anything he says about public finances. >> well, i agree with a lot of what he said about brexit. it was what he said about protectionist risks coming out of populist policy in the u.s. -- i would add that if you want to exhibit a as the damage populism can do, look no further than the greek economy, where the less than right-wing populist government came to d until that ago an it had been a good economic upswing. francine: it's dangerous, but it is ripe. we see it with u.s. politics in donald trump, here with the possible brexit vote, with jeremy corbyn in marine le pen. >> yes, and that is let we need a reasonable debate about actual facts. the risks are significant out there, pre-at the brexit risk over here, which is met with fears about europe that are largely irrational, which is not informed enough by they gains that britain has, that london has, that surface the center o

goldman sachs says now it is time to go short of copper. copper is down 8/10 of 1%. sachs that can go all the way down to 4000. it is time to sort the issues of china. oil is on the downside, off by one percentage point. let's take a look at the pound. that went down by 1/10 of 1% on the british pound. let's have a very quick look at some stocks on the move. february is up 4/10 of 1%. 0 of 1%.rry is up 4/1 merck kgaa is up by 1.5%. the drugmaker beat forecasts. back to you, guy. guy: we will talk about burberry in a moment. let's talk about the european equity scene this morning. let's take you to the imap function only terminal. consumer staples are actually doing ok. we are selling in the materials sector. financials are under pressure as well. materials have seen a huge rally. these mining stocks are beginning to become a little bit unwound. this is what we see this morning once again, post that chinese data. could burberry be a takeover target? let's get to francine lacqua. you talked to the company? sources: i spoke to inside burberry. i was asking them about th

is relying on goldman sachs, j.p. and pgp .artners to explore a sale that is your bloomberg business flash. brazilian stocks entering a bull market, but is brazil stock? the central bank can't lift the economy out of recession while trying to contain inflation, and the government is trying to corruption investigation. does brazil need some kind of external intervention to get back on track? >> brazil needs a lot of things. i don't think it will be the imf. the conditions for imf and pullman are not there. it has different issues internally domestically and political issues there will not be solved by the imf. rally in brazilian stocks has a lot to do with the idea that this is a political and economic problem. the politics in order before you fix the economics. the news recently has been a higher probability that the president may get him peach or implicated in the corruption scandals, and the market begins to weigh the possibility that we get a change in government, but it is very speculative at this point and far fr

a former goldman sachs banker has been caught up in an investigation into a malaysian investment fundsaccording to three people briefed on the matter. leister was issued a subpoena by the u.s. justice department in late february days after the bank conference yet left the company. should move out of government securities and into corporate credit because the u.s. will avoid a recession. pimco says high quality company debt, junk bonds and bank loans offer a better alternative. the world's biggest iron ore producer has signed an accord that could see the brazilian company take a 15% stake in the australian company. after china's policymakers signaled their willingness to buttress economic growth boosting the outlook for steel consumption. governoreral reserve brainard has laid out one of the most detailed arguments by fed officials on downsized risks to the outlook despite several positive economic reports. decelerating foreign demand should encourage a prudent adjustment to the policy pass. fed vice chair stanley fischer struck an optimistic phone on inflation in the u.s. and weighed i

i goldman sachs doesn't think the dollar poses a good thread to inflation goals.u referendum is all political, will the chancellor make an economic argument? brexit, one fund manager says we're missing the elephant in the room. brexit, one fund manager says were missing the elephant in the room. one fund manager talks about pricing in donald trump. back, and i will tell you what is happening where half an hour away the european open. we should get a fairly negative start to the day as we head into the long weekend. it is the long weekend. the second thing is, we probably have light volume today. light volume has been a feature all week. i expected a it'll be more exacerbated. i want to show you what is going on around the world to give you an idea of what is important and what is moving in terms of equity markets in latin america trading to the downside yesterday. that was the story overnight. we are seeing that in terms of -- canadian 10 year, pay attention to that. oil, big move. the first thing you look at when you get your desk. let's catch up with what you ne

believe that senator clinton should release the transcripts of her speeches to goldman sachs?k that our candidates are out doing what they should do in a primary. they are debating the issues. >> you are not answering my question, senator. >> what i'm doing is telling you what i think should be going on right now in this election. >> it's just a yes or no question. it's a yes or no question. should she release the transcripts or not. >> what i told you is i think the primaries are doing what they exactly should be doing and the candidates are being tested. >> now, some are saying that's the sound of warren positioning herself to be hillary's potentially v.p. pick. is the democratic party gone so far left that it's willing to nominate a massachusetts leftist for the number two spot? joining us now to discuss from chicago tom bevin a reporter for real clear politics and washington, d.c. a political reporter for "u.s.a. today." now, tom, is the democratic party more liberal now than ever? >> i think objectively it is. i mean, barack obama has probably been one of the more liberal

speaking of oil, the goldman sachs commodities team out with a new report today. that title, "the three rs." the goldman team suggests those factors have driven a prema chur surge in commodity prices that is not sustainable. the firm is maintaining its bearish view on gold. it keeps its near-term copper price target of $4500. as for iron ore, goldman predicts a rally will likely prove temporary, so it's maintaining its end of year target of 35. and on oil, goldman's near-term view is for a trendless market with substantial volatility between $40 per barrel and $20 a barrel. that firm has a bullish end of year view on energy, saying oil will likely rebalance this year and create a deaf it market by year end, but goldman cautions a so-called green shoot of a deficit alone is not sustainable for a market. we're going to talk with commodities king dennis gartman at the top of next hour. >> i wonder what all that means in light of equity markets. once again, fair is foul and foul is fair. is oil going up good or bad for the stock market? do we want commodities to bounce

find tim is chief asia pacific strategist at goldman sachs. let's start with the latest news.umber,this ppi -- cpi was there anything surprising to you. the cpi number was a surprise relative to expectations, but it though the driver for that was food prices, mostly volatile, not sure we should read too much into that. the ppi number was negative, but less so, so the market is keying off the inflection point. stringing a few thoughts are some signs of green shoots and terms of the manufacturing sector in china, for example excavators sales have become positive for the first time in about two years, besome signs that may china's growth momentum may be stabilizing, and that is what people are keying off of. rishaad: what is being done about that ppi number? capacity,nts excess bloated state owned enterprises, doesn't it? what has been addressed? has anything been addressed? degree, but a lot more supply side and structural reform needs to take place. the one encouraging statistic is there is some closure of excess capacity, for example in the steel sector and cement sector, but

julie: we are watching headlines on goldman sachs. be cutting about 5% of its fixed income staff. not clear if this is just part of its regular layoffs it does every year. joining me is the momentum stock dax.com.t at we have seen and positive for this recent rally. you have been looking at a parallel in the action we have seen recently. not me through what you are seeing now and how it is similar to what we saw last fall. eerily similar to that pattern we saw two end last year, going from august through october. we had a nice little w where the market came down, bounced, rallied a little bit, and then we had a rip your face off rally starting in october that would all the way to 2100, but we still 30 handles shy of the all-time high. same sort of thing here. we came down to 320, hitting 1812 them at a little bit of a rally, then we came crashing back. 1810. suddenly, we are men rally again. feel rip your not face off this time. it does not appear to have the same enthusiasm. do you think it will peter out before we get to the highs a

goldman sachs, jp morgan, they all asked at least a 19% drop in exports year over year in february. it could be worse than expected. this would mark the eighth consecutive month of export declines. for the most part, imports have stared even worse. they have fallen for 15 consecutive months. the median is to follow 12%. -- file 12%. what does that mean for the trade balance? the worsening export scenario we are expecting, and slightly improving import picture, and the surplus in january, it is toected to have shrunk around $51 billion in february. i'm sitting here waiting for the numbers. back to you. rishaad: shares of fortis you metals, we look at those -- metals, we take a look at that. paul allen, let's look at what is going on here. memorandum will understand -- allow them to buy see fit, and they proposes a number of joint ventures with the two companies to blend iron ore products to send to china. that lending would be enormously beneficial, both in terms of getting rid of the loader -- lower grade oils, and improving margins. it still has to be approved by the boards of both

what do you make of goldman sachs?ttle rallies that we've had in commodity prices going nowhere, we see. >> i think that goldman sachs is looking to be a buyer. the bottoms are in in and then they're looking to push them down and it's a typical play from goldman sachs, and you look at the books and they're long going in. and they're lucky to push prices lower, but they can start buying down here, i think we've seen the overall bottom and they're looking for opportunities to get in bigger positions to go up. stuart: so technical inside the market, is that what it is? you guys are messing things up. we're down almost 100 points. the big tech names were huge winners last year and we followed them up last year, they took a hit yesterday and some of them are taking another small hit this morning. facebook, for example, down 104, down a buck. amazon a big drop yesterday and this morning it's coming down a little bit more, down $7 at 5.55. alphabet down big yesterday, approaching the $700 level as of right now and netflix dro

meanwhile, deutsche bank is in talks with jpmorgan morgan, goldman sachs and citigroup to sell the lastatches of 1 trillion euros in financial instruments. they say deutsche bank sold 2/3 of a portfolio of uncleared credit default swaps since last year and wants to sell the rest within the next few months. the u.s. justice department and apple have ratcheted up their battle over access to a terrorist iphone. prosecutors say the company's argument against helping the fbi is undercut by its own assistance to china. apple responded saying the government is so desperate that it is resorting to consider the series -- to conspiracy theories. they say apple is standing in the way of evidence that may further its investigation into the san bernardino shooting. francine: european equities rebounding strongly this morning after yesterday's post ecb selloff. let's get more with james b evan. you were going to some of the companies you would be buying. this puts more pressure on japan. japanese equities in this great financial experiment, if it is dead in the water, can it bring the world back into

last month, goldman sachs, one of the large -- [crowd booing] bernie sanders: you know goldman sachs,nders: last month, goldman sachs paid the federal government a settlement fine of $5 billion. they paid that fine because they were selling worthless packages of subprime mortgage loans. paid a $5 billion fine. now all of you know that eight years ago, this country was plunged into the worst economic downturn since the great depression. as a result of wall street greed and illegal behavior, we lost millions of jobs. people lost their life savings. people lost their homes. that took place because of the greed and illegal behavior on wall street. today, this is the broken criminal justice system. today, some person in arizona or vermont gets picked up with a small amount of marijuana. that person has a police record for the rest of their life. [crowd booing] bernie sanders: but if you are a ceo or an executive on wall street whose illegal behavior destroyed the economy, you get a salary increase -- not a police record. [crowd booing] bernie sanders: what we have got to do, it is not goin

time, we had a goldman sachs call that was positive on apple. declining, it looks like, because of some commentary from analysts at itg. not optimistic on subscriber additions for this year. some defenders have said it is really an international story now, not necessarily a domestic story. nonetheless, share declines have been accelerating along with large-cap technology. , one of the worst performers in the s&p, down 3.7%. thellout from nomura, analyst saying that the stock will not recover unless we see a dram memory production cut, which looks unlikely. pricing for these companies not very optimistic. vonnie: we may not be surprised to learn who the other performers are. julie: of course, it has to do with oil. the s&p, it is helping to mitigate he declines. quite a leg up now. 5.5%. there was not a catalyst around this time making oil go higher. there does seem to be better sentiment around the technicals, the potential for a production freeze at the very least, and also the declining rig count here in the u.s. on friday. if you look at the

if i had a body like that -- >> she works at goldman sachs. kennedy: she works sat goldman sachs?s brillant, too? kennedy: president obama received criticism for attending a baseball game in cuba. this is his reasoning why he didn't rush to europe. >> one of my proudest function as president was watching boston respond after the marathon attacks. but a few days later people were out shopping. people were in the baseball stadium singing the national an them. >> a few days later, not a few minutes later doing the wave. and you are not an ordinary citizen. saying if we don't move swon our lives and do normal thing the terrorists win. >> i think he's completely off base. he lives in a dream world and he controls the riots and the oceans. he can spin any way. he wanted to talk about cuba. that was the big story. people are literally concerned. christmastime people are worried about going to shopping malls and being in public places. this is a real threat. kennedy: the thing i cannot forget about this president is after the "charlie hebdo" attacks, no one from his administration went ov

also, bernie sanders saying he's proud goldman sachs thinks he's dangerous for wall street. >> and what jack dorsey says about investors' lack of confidence in squares stock right now and why he's not worried about the short sellers. but we'll start with the markets. >>> we mentioned draghi expanding their qe program to 80 billion euros a month, consulting the refi rate, cutting the marginal lending rate, the deposit rate, adding, jim that risks to growth remain on the down side and trimming their gdp forecast. >> what can i say, he's got the bank stocks going -- i mean, if they wanted to, they could issue equity. we all know that worked here. the liquidity he's throwing at this is amazing. this guy, sum total, dollar going higher. so, i know everyone's very excited. i know our futures are up big. when will people realize that these are not necessarily positive for us? now, i had a ceo on last night, europe was very strong, tech data -- do a lot of that -- most of the ceos i have on air say europe will be even better, this will make europe even, but at the same time, if you're a cfo wat

scarlet: goldman sachs and pitting yards say do not the full by yesterday's advance.rting goods can it take advantage of sports authority for bankruptcy? scarlet: first though, let's head over to the markets desk where julie hyman is tracking the market moves. a snoozer after -- julie: way to sell it. [laughter] given the japan news, given the declining commodities, you might think there would be more of a selloff. maybe that is the silver lining. i'm going to say, yeah, that is the silver lining. all three of the major averages bouncing off the lows. the s&p is down 6/10 of 1%. if you look at the externals, it looks more like a mixed market by certain measures. look at what is waiting on the s&p -- energy, not surprising. citigroup declining. -- banc of america down as well. assee financials and energy two of the largest drags in today's session? microsoft and facebook, interestingly enough, have turned around, and what is interesting about that, most of the down days have been led by technology. that is not the case. microsoft and facebook both .igher home depot hig

the head of global liquidity sales at goldman sachs asset management.es more than $190 billion. great to have you. thanks for coming in. we hear more and more concern on the markets, and central banks are throwing everything they have at the world. growth is not going anywhere. is this the new normal, or are you worried? >> there are certainly many things to worry investors these days. we think there are two big challenges, though, that are really impacting investors, and they are the low and negative interest rates, as well as volatility in the market. these are challenges that you say aren't going away anytime soon. francine: the volatility is something that, for the first time, janet yellen almost explicit we talked about in her speech a couple days ago. the volatility is here to stay, unless what happens? >> i think volatility is here to stay in the sense that it took markets by surprise earlier this year, and we think those same things that took the markets by surprise will continue. the frequency of volatility is going to continue. it is a good re

noah: he still owns quite a bit of goldman sachs. he owns u.s. bank. e owns m&t bank corp.has had insurance holdings as well. really none of them are financial institutions quite as large as wells fargo. the positions are not quite as big. betty: thank you so much, noah. from -- something of him as a superhero, warren buffett. also superheroes on the screen this weekend. warner bros. posting its biggest domestic opening weekend ever raking in $170 million with its new movie "batman versus superman: dawn of justice o." this is despite the majority of negative reviews from critics. erik davis is joining us, managing editor of fandango.com. i know it was panned by critics. fighting andto loud noises, it was enjoyable. erik: i feel like the critics set a low bar which audience kind of walked out, it was not that bad. they actually did the film a favor in my opinion. you mentioned the warner bros. record just a few minutes ago, box office report on twitter that they backtracked to $166 million domestic for warner bros. which is notable because it is now no longer their highest o