hema: he is one of the most famous alumni from goldman sachs. here and moved his way up to cohead of u.s. equities trading before he launched och-ziff in 1994. i should mention that goldman says och-ziff is a strong partner and that they do as a firm continue to invest in the funds across other platforms. we understand goldman sachs is still one of och-ziff's biggest clients. vonnie: more to it than meets the eye. what do employees do now? do they get offered different choices? how to they manage their 401(k) investments? options. other one is leon cooperman's oh mega. the other is maverick. cooperman is another goldman sachs alumni and that firm is under investigation. certainly an interesting dynamic. cooperman used to the head of goldman sachs asset management units. his firm is down about 10%. vonnie: i think we shouldn't fight them both to come on and talk about all of this. it is a great story and wonderfully reported. have a look at it on the bloomberg at bloomberg.com. miami's architects for the city's wealthy elite. a look at the most ov

sharon bell from goldman sachs.xt, italy's economy is a growing concern for the eu, with its banks and government carrying crippling levels of debt. we will speak to mario monti, who says he has no regrets. that is next. this is bloomberg. ♪ guy: london looking gloomy this morning. and the markets are looking a little softer. roll, 68.38 isa where we have been. entertainment one is one of those stocks you need to watch, really rallying on the back of the numbers this morning. the stock is up 7.72 and the market believes there will be more to come. eon in german are a little softer but while to the dax have a good day, back into bull market territory, down $.36. let's go to italy. the latest focus of concerns for the euro zone economy. its banks are buckling under billions of act debt while the government is the second most indebted with only greece behind monti refusedrio a bailout with formerly struggling spain. in an exclusive interview, we spoke with mario monti about the trouble facing italy. he joins us on set.

for more on this, managing partner at goldman sachs.andal saw go to whatever you want to call it, it is it going to unfold? >> is early to say whether he will be charged or not but clearly this week's events will be important. the mood back home in south africa is rightly concerned. you are talking about a minister of finance who has done an outstanding job since he came into office in december of last year. south africa's market has .utperformed others dollar equities and so on until this latest news of broke. you are talking about a person with impeccable credentials. royalty in the liberation movement. from the point of view of the public, it is of great concern to see one arm of the state attacking me finance minister in an issue which is seen to be theer frivolous in terms of charges. we will leave that to the lawyers and the court to decide. that is one of the good things about south africa, we have robust institutions. one of the political agendas driving this attack on the minister, why would you not let him do his work and keep

goldman sachs has issued a warning about stocks. advising clients to avoid equities for the next three months. to go underweight. it's the first day of august as we mentioned which has been the worst performing month for the market for the last 20 years. why is the nasdaq hitting 52-week highs and the s&p not far from a lifetime close? is it all gloom and doom? we're going to break it down with the floor show in just a minute. >>> tesla, the electrical carmaker will purchase solarcity for $2.6 billion. this deal is all part of tesla ceo elon musk's big plan. he's a big thinker, thinking about way on in the future. he wants to make tesla the one stop energy stop, soup to nuts. the deal is 200 million less than first expected. shares of both companies lower. tesla down about 4 bucks. solarcity down $2 or 8%. how do you say truce in mandarin? uber selling china operations to rival. while ubser profitable in the u.s., that china market has been a problem for them. uber has seen billions in losses because china makes it very difficult fo

so many people have taken jobs at a goldman sachs after they ran public office. is it okay? think you have to look at the links that they've had before, whether there are in conflicts of interest. withdrawing the pension, that's a bit extreme. >> you don't want conflicts of interest, but everybody deserves a pension, don't they. >> if you worked for it. >> yes, exactly. you worked for it. also, it's a tough position to have. who is going to want to put their neck on the chopping block and take a position like that. >> you mean it's a tough position to be had at goldman sachs. >> you feel sorry. >> no, but people head of whatever government bodying europe or head or banks. not easy jobs. they have to put up with all the stuff that's thrown at them. >> i think he'll be fine. >>> you can also get in touch through twitte twitter @streetsignscnbc. >>> plans to fine apple 1 billion euros. will tim cook pay up. we'll discuss after this short break. don't go away. >>> welcome back to the show the. gene wilder has died at his home in connecticut at the age of 83. suffering from alzhe

>> i'm proud of what i learned at goldman sachs, absolutely.ey have been in the campaign already because heidi cruz worked there. do you think, what do you think of people who criticize their role in our economy? >> look, i think americans feel like they are not being heard in our current system and they feel like banks and other major financial organizations have some kind of fast or inside track in our system. that's the real problem. we have got to make sure that -- >> is there some validity to that argument? >> i think so. >> people at goldman sachs got really rich. >> i think so. i think we have to be careful because we need banks and we need a strong financial sector so that our entire economy thrives. we just have to have it. >> what's valid about the criticism of goldman sachs? >> well, i don't necessarily think the criticism of goldman sachs specifically is valid but i would say the financial sector, banks in general, maybe undue risks were taken with people's retirements essentially before the crash, and i think we have to look at tha

ban,will pursue a banking permanent, against him, but they are asking goldman sachs, and goldman sachsas agreed to pay $36.3 million as well as beefing up its security policies to prevent another lapse. 90 minutes to go -- it has been 90 minutes, i'm sorry. it has been 90 minutes since the opening bell. let's go to the market desk. julie: but sick a look at stocks right now. we had the services report. it was in line with estimates. oil inventory. we are not see much change with stocks. the dow is breaking a recent losing streak, but we have had day after day of muted movement in the s&p 500. look at the bloomberg care and see this chart. the daily move in the s&p 500 in percentage terms. last time we had a move of 1% at the close of trading was all the way back july 8. it has been 18 sessions since we have had that substantial of a move. that was the last jobs report. this is just report coming out on friday, we are bringing those numbers to you. can see theif we breakout from the lack of activity in the s&p 500. we are seeing individual stock activity. aig was earnings that beat esti

goldman sachs sounds the alarm for the price of metal to fall below 4000. what we should expect a supply storm, and how to prepare for all of it in this hour. scarlet: we are halfway through the u.s. trading day. let's go to the markets desk, where ramy inocencio has been tracking the followed from the better-than-expected jobs report. ramy: looking at where we are right now, we are just off of session highs. i want you to look specifically at numbers for the s&p 500, as well as the nasdaq, on pace to close at all time record highs for both indices. the s&p 500's highest previous therd high was 2175 and nasdaq was 6218. we are still 90 points away from the dow record high, but still up by more than 150 points on the day because of that stellar jobs report. function,e imap looking at the sector health of the s&p's 10 sectors, seeing broad rallies across the board. utilities and telecoms are laggards, but financials saw the biggest jump, 1.65% because of what happened with the jobs data consumer discretionary. information-technology up 1.1%. take a look at a

particular, goldman sachs is buying back a lot of share s slightly below book value. a book value basis, 2.7 dividend yield up about 20% from the recent low but still off 7% from the start of the year. i think there's a lot to like for goldman sachs in the ipo mark. >> steve i don't know what to make what people should make about this. ends of the year. you've got the election. you have some people thinking the fed will go in september. other people saying the market's toppy. where are we in the cycle. lots to consider for any company going public. how should investors view this? >> there's been such a dearth of ipos. typical cycles just happened to happen over the last couple years. private equity whauants out. no exit. it will try to happen after labor day. you'll see the road show starting, then a two, three month window to have it. expect to see if the market holds up it will come. not an ideal, friendly market. however, what you've seen, you'll need to see catch-up in performance. amenable to take the hottest deals out there. i think it will still be challenging,

mark: what is valid about the criticism of goldman sachs?sarily think the criticism of goldman sachs specifically is valid, but i would say of the financial sector, thanks in general, that may be undue risk were taken with people close a retirement -- people posing retirement essentially -- people's retirement essentially before the crash and we have to look at that to ensure that does not happen again. some of that is driven by greed and there are issues associated with all of that. let me tell you about my experience at goldman. i worked with companies in the health care sector in the consumerl sector and packaged products and others and i met with cfos in ceo's and other members and management -- in management teams and i learned directly from them what challenges they were facing and what business models they needed to succeed. >> speaking of challenges. let's go over your to do list? who is on your vice president to list? >> i am not ready to share who was on the short list yet. i will tell you what i'm looking for. i am looking for som

goldman sachs says it's fragile and not driven by fundamentals.ed higher on expectation of an opec freeze. though fundamentals will not add to a meaningful recovery. holding forecast steady at 45 to 50 for brent over the next year, i believe. >> 48.62 the last trade there as you are seeing. off over a percent. wti now below $47. >> gold man sman says in this n even if you to expect an output freeze, they're freezing at record levels. also, we're having reports and goldman confirms this in the note, opec and non-opec members are ramping up production. everybody is fightsing for market share. cassic cldilemma. >> also talking about conflict areas. >> like nigeria. >> yes. may be thawing out a bit. maybe production doesn't get disru disrupted. >> gets added. >> right. >> so some selling pressure on oil after a tremendous run up. >> bull market. >> back in early august. we'll see if this pull back is for real. >> there you go. oil prices the focus. gold prices as well. if you take a look at the gold trade, one of the hottest trades in 2016. 1343. they

up next, goldman sachs making fx calls ahead of janet yellen's speech.ll see which currencies make the biggest gyrations. this is bloomberg. ♪ rishaad: this is "trending business". investors getting ready for janet yellen's speech on friday, but some need to be more prepared than others. pound, therade the yen, and the kiwi dollar need to watch out for surprises. theyese are the currencies could be most vulnerable if there is a surprise from janet yellen. the three currencies have been the most sensitive to changes in two-year interest rate differentials between the u.s. and respective markets. we have seen in the past three , that yellow bars are the rate differential. you can see the differential for the dollar-yen would be u.s. minus japan interest rates. again look at how that has been very closely correlated to that differential. these see this means that three currencies, the pound, the yen, and the kiwi, could be most affected. goldman sachs saying in the event of a hawkish statement, attend basis point move in favor of the dollar, the yen weakeni

a letter ask for a meeting with officials at goldman sachs by the end of the month.y want updated information due diligence for three offers it underwrote. oning on disclosures, data transactions, and documents on coupon and interest payments. goldman sachs is not being accused of wrongdoing, but has been under intense security for its links with 1mdb. b is underat 1md investigation by at least four countries so far. at when we are looking china sneezes, these will be the first countries to catch a cold. a very good read at bloomberg.com/asia. we will be speaking to the head of bmw and asia as they get set to show off a glimpse of the future in singapore. which markets in asia fidelity's favorites. this is bloomberg. ♪ right, having a look at sterling falling by the most in more than four weeks after the boe cut interest rates. it was not a big surprise. this is the first cut since march 2009. the boe raising its asset or just target for the first time in four years. this is part of stimulus to boost the u.k. economy after the brexit vote. >> the decision to leave th

liz: goldman sachs says get out of stocks. no compelling reason. they're fat and flat. ? >> goldman didn't say long term. the next three months is challenging. liz: why not convert to cash in 401(k), you step out. >> three months you're looking for timing. you're questioning are we at a bottom or not at bottom. people said to me in '08 and 09, i liquidated market. i'm so smart. how are you doing in the market? never got back in. missed it. all you're trying to do is time for 90 days. if you're looking 20, 30 years in 401(k) investing does 90 days factor into 30 years of investing? liz: allocation how much should be in equities for general portfolio? >> we take general portfolio of someone 60 years of age, 60% equities and 40% fixed income, i think that is right number. what we have to worry about, what happened in '08, 09, what will happen now. a lot of people planning on retiring by the end the year i'm looking at my 401(k), i will retire in four or five months, maybe prudent to take a little money off the table. that is what i'm thinking. liz: i hope you're thinking th

that captured the attention of the clinton campaign today. >> tell me how he can stand up to goldman sachs and a state owned bank of china when he continues to receive funds from a property he owes money to them to. >> reporter: the trump campaign hit back telling nbc news today that neither mr. trump nor his company were responsible for the debt associated with the limited partnerships. trump has further dismissed concerns about possible conflicts of interests saying he would put his assets into a blind trust even though he doesn't have to, which means he wouldn't know how >> if i become president, i couldn't care less about my company. it's peanuts. i have ivanka and eric and don sitting there. run the company, kids, have a good time. i wouldn't ever be involved because i wouldn't care about anything but our country, anything. >> actually, to set up a blind trust in the u.s. executive branch is actually quite difficult. your children can't run it as a legal matter. >> repor there's another problem, experts say a blind trust would only be truly blind if mr. trump doesn't know what's in it

goldman sachs saying stay away from stocks. goldman sachs don't take the prediction lightly if you will. a lot of people listen to what they're saying. >> a lot of people do. they wield a lot of clout. more importantly from accuracy standpoint, gundlach honestly has been amazing. i agree with jeff that i'm going to say something that some people may seem extreme but, today, this week, is the safest time to either sell or more aggressive, go short the market as it has ever been all year. low oil prices, market will start to digest it, say, wait a minute we can't be at all-time highs with oil at $40. connell: another story came up today that was interesting for number of reasons, one in particular, tesla-solarcity story where tesla is being a choiring solarcity and $2.6 billion deal and they talk about cost cutting an integrating, all these kind of things and you wonder whether the companies go together. the reason, elon musk is essentdoialling a deal with, well, elon musk. does it make sense to you, the fact these companies are

the federal reserve board today has ordered goldman sachs groups to pay a $36.3 million civil penalty for unauthorized use and disclosure of a confidential supervisory piece of information and order to implemented an enhanced program to ensure the proper use of confidential supervisory information. this is all stemming from a 2014 incident involving the former employee of the new york fed that worked at goldman sachs. also going on to say it's instituting enforcement proceedings against a former managing director and seeking to impose a fine and permanantly bar him from the banking industry stemming from their unauthorized use and disclosure of confidential supervisory information. my understanding is its not revealed in any of the particular documents but it's internal ratings of other banks. this was a rating of another bank. allegedly used in pitch meetings with clients and potential clients so this information just coming off of embargo now. we'll have to talk to them and see what their side of the story is but for now the news is goldman sachs reported to pay $36.3 million civil

take a look bank of america, morgan stanley, citigroup, jpmorgan, goldman sachs up 2%.rket leadership groups, sectors, financials, subsectors banks doing well right now. we're getting the tail end of most of the reporting season. all the exploration production companies reporting commenting on oil. eog last of the big exploration production companies. bottom line smaller than expected loss and the trend is all these companies are the same. spending is down, but production is still high, still producing a lot of oil because they need to. they need the cash flow. they're all cash flow negative. so guidance for production is on the upside. they will drill more wells towards the end of 2016. by the way, they got an upgrade over at deutsche bank. you can see the chart here. they're going to increase production. by the way 10% a year, even if oil is $50 they will increase production, they will increase 20% if oil at $60. production levels not dropping. move on and talk about kraft heinz facing the same problem all the big companies are facing in the food space, that is limite

he was an investment banker for goldman sachs.und up starting his own boutique firm in hollywood, which did a lot of media business, and eventually he decided he wanted to do that himself and made documentaries. about sarah palin, and that brought him into the tea party movement, and he eventually became head of right part -- head of breitbart news. ed: which has been tied to a lot of stories that have popped up over the course of this political cycle. one of the things i thought was fascinating was that he is primarily concerned with getting the facts out, not necessarily feeding conspiracies, but trying to come up with real evidence that would cause questions to be asked. we expect some of that will rub off on his campaign, right? the thing i read about bannon at the time, breitbart attacked both democrats and republicans, but the target is finding a more effective way to attack the clintons then in the 1990's. republicans back then chased too many kooky rumors and conspiracy theories. -- he wanted to talk about the money she to

what regulators are looking for is what type of records and due diligence and research did goldman sachsow the funds raised from those bonds were basically transmitted to the parties that received them. mark: is there any implication of wrongdoing here by goldman? keri: goldman has, right now is doingcused of doing anything wrong. however, they are part of a very large, sprawling investigation that is looking at several aspects of the 1mdb scandal, of course, their role in it which was the underwriters for how 1mdb basically raised $6 billion. vonnie: there are so many different regulators and agencies involved. how are they coordinating? keri: 10 years ago that would have been a very difficult challenge. but as you probably noticed over the last few years, a lot of the big, global investigations on wall street, libor fixing, foreign-exchange fixing, sanctions, you have multiple countries involved. that haselationship been built up between prosecutors here and switzerland and the u.k. and other places, as well as the regulators, has improved. would happen,at what with the worst outcome b

goldman sachs under investigation. to determine the extent of their involvement in the bond deals. to date, regulatory lapses already found in the local units in falcon private bank. if you remember, goldman collected on the $600 million in fees after augustine three -- the fee collected is about 9% of the amount raised more than average. many say it is an eye-popping amount third as of now, goldman has not been accused of any wrongdoing, also declining comment. goldman also being investigated in the u.s., reports and suggesting u.s. authorities subpoenaed goldman asking for documents related to its dealings with 1mbd. rishaad: where is this investigation going? haslinda: well, one name that a formers jasmine liu, lawyer for 1mbd. in complaints filed by the u.s., it was said that $5 million of the cash raised travel through shell companies and ended up in her swiss bank account. as was also referred to officer number three and even other $5 million amount is small, it stands out as she is the only president who was sin

goldman sachs retirement plan is pulling cash from one of its most famous alumni.ost everything it has in the $350 million fund will be liquidated by september 1. was worth more than $423 million in march, and has plunged 7% over the past year. for the is another blow fun, plagued by redemptions and a federal probe, investigating whether the fund paid bribes in exchange for an investment from libya's sovereign wealth on. ago andre than a decade sass, rising to the top of the u.s. equities trading business, leaving to start his own company. he is worth around $2.8 billion. on our website, why china is starting to lose its taste for mcdonald's and kfc. it is on bloomberg.com/asia. china may be able to implement a key change to its stock market, a return of volatile times. can japan ever reach its 2% inflation target? will the fed pulled the trigger this year? we are putting those questions to i.t. markets. ♪ withad: right, checking markets and the positive start today, rebounding from the worst decline in five weeks. great to see you. characterize what is going on ri

. >> a trade setup in goldman sachs. a is to be doubled bottom, 135 positive 140 powerfully. now the stock back above its 200 day for the first time since november. >> uh-huh. >> of course, rates would help goldman. an asset management business, et cetera, but not purely dependent on that. make money in a lot of other ways. >> political risk with goldman. the go-to lightning rod name assuming hillary becomes company. she love to bash that name. frankly, these banks, targets of politicians. >> biggest backers on the street are goldman. put money into a suntrust hedge fund. >> between now and november, best thing she can say how much she's going to make them pay. i listen to it every speech they makes and from trump's camp, too. they're still bashing. is the political cloud going to push this p down until you resolve on the other side of the election? on the other hand they're making no mun, no return on -- >> do you feel, though, that the market believes her statements against wall street, are general jin because i don't. >> i agree with you, but that actually doesn't help her.

we look at what goldman sachs wants.is bloomberg. ♪ caroline: welcome back. 13 minutes into your trading day, we are down across everything the sector on the stoxx 600. check out the trr function. you will see the sectoral breakdown. worst performers are off by almost 2.3%. every single sector is in the the cac is the underperformer at individual indices. let's get more with the breakdown with juliette saly. juliette: thank you. a new report says investors pulled more than $25 billion from hedge funds last month, the biggest monthly redemption since february, 2009. total outflows this year are close to 56 billion, driven by "mediocre performance." hedge funds have faced mounting criticisms from clients overspeed costs and feeling stock market benchmarks. the former uk independence party leader nigel farage appeared onstage at a rally with the republican presidential nominee donald trump in jackson, mississippi. he spoke of britain's decision to leave the european union as a positive example and urged trump supporters to

and think oil will go higher, maybe you do believe goldman sachs and oil will be slightly higher but stable, joe -- a. coin in your pocket, flip either side. >> fair enough. would would you be? higher beta would be shale, probably. >> uh-huh. >> somewhere between your emp and r refiners integrated? >> i own a hodgepodge, and own chevron but also eog. and contra, much more bait tha and adding to on the recent deal. >> if you think, depends on review. oil straight up, $40, $60, stay with refiners. buy back share, consolidation. there's your game. >> utilization oof the refiners ramping up over the last eight weeks driving positive momentum. look more of an investment not a trade. that's the rule to look at. >> peanut butter jelly and autonomous cars. the trades in today's biggest movers ahead in "the blitz." and going hunting for names that still look cheap as a market hovers near all-time highs. it's a question we get from some of our largest banking clients. the face of their business was tellers. then atm's. today it's their mobile app running on the ibm cloud. across every tran

. >> lawmakers on both sides of the aisle, we speak to goldman sachs about what is next for the countryn the market. let's kick it off with market minutes. stocks down across the board, individual movers, one being apple. down three quarters of 1%. not as big, 14 billion dollar company, will enter into a merger of equals. by the samewn amount that potash is up. joe: the government bond markets quiet. virtually nothing going on. short-term rates down. long-term rates up. , that's some steepening why the financials rally. >> some action in the fx markets. a fifth dayng for of against the yen, the longest winning streak since march. this is on speculation we will get a rate hike from the fed this year. i am also keeping an eye on the brazilian currency, the best-performing against the dollar this year. lower,y, a little areulation that banks seeking to weaken it be for the central bank's determine a key rate in settling contracts. the optimism about a new government pulling the country out of a recession as the impeachment trial heads to the final stages. joe: on the commodities front, let

goldman sachs is very globalist. they introduced this idea. didn't you, bob?hat we are getting some currency in these circles. michael: david brooks picked up on this in an interview with you. what we are seeing are seeing blurring of political, partisan lines as people become more frustrated with the economy. their target is not so much the elite as it is in the united states. it is this idea of global elites and institutions that are not working for them, that are distance. that is where you see much of this fury directed. it is toward the elite but it is global america sphere of media outlets, companies, trade organizations that are aligned in their view against working americans. michael: he describes to friends the story of being in shanghai when the financial crisis started in 2008 and being so upset about the fellow bankers and financial elite and political elite that have allowed the system to become so overburdened with debt. so corrupt. he tells the story of his father, who was a telephone worker for one of the small bell companies in virginia, who s

bannon is a businessman and he also worked at goldman sachs and goldman sachs gave a lot of money to hillary clinton. >> who you choose to run your campaign says a lot about how you're going to govern. >> i just wanted to add in here that i spoke to a source who is familiar with the speech who made it a very specific point about it being broader than race. >> right. >> obviously, you talked about and you've all talked about the allegations of having a sort of racial hatred underlying a lot of this and she's going to talk about hatred more broadly that she will insist is not just about bannon or about breitbart. what the key thing that we are -- i am told to look for tomorrow is, as you can imagine, hillary clinton to tie that into donald trump. to say -- no, no, no, but of course, to specifically to say it's not about bannon and it's about donald trump. >> this is relevant because it relates also to the immigration debate and this is just coming in. donald trump gave a town hall tonight on fox news with sean hannity. as you know, donald trump has said that anyone here illegally in th

representatives for goldman sachs declined to comment. uk prime minister marks the end of summer today as she gathers cabinet ministers and top officials at her country residence. negotiator david davis has so far chosen not to flinch out the public details of what they will seek in breaking from the eu, how are they will still face pressures from colleagues and executives to define what really made news when she said brexit means brexit. consumers seem to have cash burning holes in their pockets, showing some eagerness to spend after an initial post-brexit wobble. household confidence index dropped in august, regaining half of the losses. the second week that shows consumers are recovering from the initial shock in june to leave the eu. donald trump has said he will travel to mexico today for a private meeting with the president. invitations have been sent to both the donald trump and hillary clinton campaign to meet with the mexican president. meanwhile, donald trump is also due to deliver a speech in phoenix, expected to lay out his pr

we've seen a major plunge in prices since the rally we saw over the last week and now a note from goldman sachs saying they expect prices to stay 35 to $50 a barrel. they say country is going to come back online from countries, so some major questions going forward for these oil markets. >> thank you so much. >>> just ahead, which lord of weddings? but first who monica legend has died at the age of 94. throughout his long career he played alongside musical greats, but perhaps he's best known for recording the instrumental version of sunny days in sesame street's closing credits. you're watching "early today." i overpack... but my guy knows what to bring... like viagra single packs for ed. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain or adempas? for pulmonary hypertension. your blood pressure could drop to an unsafe level. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or h

and now, goldman sachs says the country's credit rating will be cut. is removed from his post. we will go live to johannesburg for the latest. . vonnie: you are watching bloomberg. here is what we are watching. the federal reserve effect is reverberating through markets. janet yellen says the heightened speculation of a rate hike is increasing focus on this week's jobs report. bmw fallen behind mercedes in the luxury car market. we will tell you what it is doing to the flagship seven series to catch up. vonnie: and south africans are losing faith in the african national congress. charges of corruption and incompetence, many doubt they will ever be able to deliver on the promises. almost unthinkable that two months ago, the prospect of a rate increase next month is now back on the table. janet yellen said on friday that the case for an increase is getting stronger. vice chair stanley fischer indicated that tightening is possible. those comments sharp and focus on u.s. data reports this week. particularly payroll reports on friday. >> rates are simply go

wall street is bracing for more layoffs, including one of the top investment firms on the street, goldman sachsd blankfein already had four rounds of cuts but are goldman employees embracing for a fifth round? charlie gasparino, what is going on here. >> they are bracing. we're getting this from senior executives inside of goldman sachs. they say there is ongoing cost cutting effort going on. there will be a major round of layoffs. i don't have the numbers, but what i'm getting this from, senior bankers and traders, they are saying that their jobs are clearly on the line. that the company is now in a sort of mode where instead of seeing profit, future where they can make profits from the business, their future right now is to basically cut costs. that major jobs will be on the line. liz: not just fixed income guys? >> not just, if you make a lot of money there, you're a producer, you produce. but remember, all of wall street is in a drought right now. trading volumes are down. that does hit fixed income. m&a isn't killing it. one. problems with these firms is that in the past, predodd-frank, pr

i don't think having one guy who used to work at goldman sachs or ten guys who used to work at goldman. donald trump will be donald trump, in my eyes. i've never -- i haven't seen him change yet. i think the guy's going to go out there and campaign and be who he is. i'm okay with that. i'm pro-trump. i want this guy to go out and say, wake up! we demand change now. i think that's going to continue happening. >> whether or not you know bannon, you know breitbart, and breitbart pretty aggressive. >> yeah, it's pretty aggressive. i don't read those sites or follow that stuff. but i remember andrew breitbart and some of the things they did early on, but i don't know this guy. >> i want to talk about fund-raising. donald trump finally, he's got that 60 million bucks he's been sitting on. he's going to spend it on some ads. that's got to make you happy. >> thrilled! >> why now? does it seem like there's a change in strategy? >> no, there's a change in time. the election is getting closer. and so when you see businessman candidates or guys who, you know, come from that world, they don't just

goldman sachs downgrading equities.this hour the deal landscape, the global markets and what you should expect this week as we head towards jobs friday. we'll break down what you need to know. >> donald trump calling a personal foul against the debate committee over scheduling two debates during nfl games. >> i don't think we should be against the nfl. i don't know how the dates were picked. >> the debate committee's reaction. plus, what you can expect on the campaign trail this week is straight ahead. >> plus, jimmy walker was dynamite over the weekend. >> there's your champion. >> he holds on to win the pga championship taking home his first major title. the second how of "squawk box" begins right now. ♪ good times, any time you need a payment ♪ >> live from the beating heart of business, new york city, this is "squawk box. >> welcome back to "squawk box," everybody. this is cnbc, first in business worldwide. i'm here with andrew ross sorkin and brian sullivan. let's take a look at futures. you can see there's green a

trish: you know, if he is indebted to china and goldman sachs that has not persuaded him to go afterway, steve cortez, a pleasure as always is good to see you. we will take a quick break and we will be back with more intel. .. radical muslim publication. they deny she played any formal role in the journal but she was for 12 years listed as the assistant editor and she was the assistant editor when that publication wrote that it was the united states of america's fault the 911 happened. is this concerning to you? she could wind up being her chief of staff should she be elected. tell me on facebook what you think. and don't forget to follow me on twitter. liz is taking you into the close. liz: big pharma and focus right now. for $14 billion. they are down. it is the epipen that has under scrutiny today and even mean compared to disgraced pharma business. they are boosting the price of that same epipen by more than 400 percent. we have the outbreak parents said

i went to goldman sachs, there about two years and then asked to come back and be a national security adviser in congress. i could have stayed at goldman and continued to make much more money than i did going back to the government but i served this country for most of my adult life and sacrificed to do it. i spent a couple of years at goldman and learned a lot, a lot of things presidents should know like what it takes for businesses to thrive in the global marketplace and proud of what i learned and i know i can use it to help the american people live more prous prous lives. >> let's get a sense of where you stand on economic policy then. mr. trump this week, laid out a pretty elaborate tax plan, cutting the tax rates. both for the corporate and for individuals. mrs. clinton today talking about expanding infrastructure spending. to try to create jobs. in fact, both candidates talked about that. when we ask your economic platform, what does it look like? >> yeah. well, i'm supportive of lower regulations, lower taxes across the board. all of that. the problem with donald trump is -- a

goldman sachs. goldman sachs fifth all-caps-off. they say it will drop to $33 a share. down 4%. temporary immunity and benefits for thousands of ceiling migrant all the way through the end of 28 team. the judge is still with us. first of all, does the president had the authority to say you're in, you stay amnesty 8000. >> the president has the authority to do that with individual cases in the instance of hardship. the president does not have the authority to do it for large groups of people because he was enjoined from doing it by tech this judge upheld by the fifth circuit in the supreme court declined to interfere. he's thumbing his nose at the supreme court for basically doing what he said they couldn't do. stuart: each one of these 8000 as a separate individual case of hardship in each and every case. >> the department of homeland security would have to examine at a hearing each one of those cases which they were not going to do. when he does this, when it says 8000 on documented alien with requires the states in which they live to provide the emergency room. they are, educa

goldman sachs economist, kevin hassett thinks that is a real possibility.e will explain next on "countdown" and what maybe can be done about it. there's a lot of places you never want to see "$7.95." [ beep ] but you'll be glad to see it here. fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. liz: we want to quickly take you back to fbi headquarters here in new york, where, listen, he may already be in there but donald trump is scheduled, actually about, 20, 38 minutes ago he was supposed to arrive at the fbi field office to have his first official intel briefing. see when you're a candidate, you're the official candidate, both he and hillary clinton are now justified in getting intelligence information at the highest less, of what's going on globally so they can actually be ready, if they win to deal with the problems that our country

bannon an ex-goldman sachs. the move comes 82 days before the election. trump said his campaign chair paul m+ anafort will maintain his position despite a story linking him to getting millions in the ukraine. that is a story store he denies. >>> bullets have hit four homes in recent days almost hitting a 80-year-old woman -- an 81-year-old woman, excuse now that woman over on hilldreth street says she does not believe she was targeted but asked us to hide her name and face for her own protection 37 she says the bullet came from her window screen, grazed the sill only a few feet away from her bill. two days earlier on saturday morning. bullets struck three homes, including one on fort hill avenue. that 81-year-old woman has a message for hear that in our next live report coming up in the next hour. for now live in lowell, michael henrich, fox25 news. >>> at least 11 people have died. about 30,000 people have been rescued in severe flooding in louisiana. floodwaters are receding and exposing the magnitude of the damage around the baton rouge area. they are

as a newcomer to presidential campaigns, bannon's a former banker for goldman sachs who found common cause with conservative activists, most recently as top executive at the right wing website breitbart news. he even called the republican national committee a failed brand. back in 2013, bannon described the insurgency he saw inside the conservative movement and it's a description that closely fits the profile of a trump voter today. he saw trumpism before there was trump. watch him. >> it's really an insurgent and center right populist movement that is virulently anti-establishment and will continue to hammer the sitting progressive left and the institutional republican party day in and day out. i think it's galvanizing a majority of the people, working people and middle class in this country to really have a voice. everything that we see and every trend that we see is very strong to really an outsider's voice and outsider's movement to really take their country back. >> all the phrases are so trumpian. the voters described back then also comprised the readership of breitbart news. t