eventually, as a result, i was integrated into the goldman sachs firm. d: did you ever meet a person who turned you down at goldman? lloyd: i knew who it was. david: are they still here? lloyd: no, this is 36 years ago. for many years after i got there there would be no one threatened by being at odds with me. it took me a while to work my way up the letterhead. david: did you feel like you are ready to be the ceo of goldman sachs? lloyd: i never felt like i was ready to be the ceo. i've been the ceo for 10 years and i still don't feel like i'm ready to be the ceo of goldman sachs. ♪ ♪ david: you wound up as the vice chairman of goldman sachs? lloyd: well, you know, it took a couple of years. when i was living through it, it wasn't so quick. i got involved in sales and trading and over time, i became a vice-chairman of the firm. one of several. but my particular coverage was over all the sales and trading businesses at that time. david: the trading businesses were the ones when you could lose a lot of money so quickly? so you are worried about people unde

at the moment goldman sachs employ 6,500 people here in the uk.ue to move into a new premises in 2019 as it tries to bring all its london staff into the same building the stakes are high for goldman sachs. it has around 3a,000 staff worldwide. as one of the world's most successful investment banks it made a $7.1; billion profit last year with the uk operation playing a key part. let's stay with that story. our economics editor kamal ahmed is with me. good to see you. let's start. there he is. i will go of script, this is his first interview in the uk for yea rs 7 his first interview in the uk for years? a number of years. lloyd blankfein used the words london could stall. will stall. will stall, sorry. how strong is that from the people you know and we'll talk to? it isa people you know and we'll talk to? it is a strong warning, it is his most substantial take on the risks of brexit, and notjust to the united kingdom as britain leads the eu, but also to the european union. he does not really want to talk about his own profits and his own bank, he

goldman sachs, i know the guys at goldman sachs.'m not going to let wall street get away with murder. wall street is caused tremendous problems for us. >> donald trump said he is willing to pick a fight with wall street and hammer the threat on the campaign trail. he revisited in office but the fight has not exactly arrived. they make it look like the guy outside bart that keeps saying hold me back while he pretends to be tough. here the tough talker. >> it's a global power structure that is responsible for the economic decisions that have robbed our working class, stripped our country of its wealth, and put thatoney into the pockets of a handful of large corporations and political entities. >> but here's the record, the trump administration watering down regulations for wall street pass after the crash, filling his administration with bankers from goldman sachs at treasury, the economic council and the national security council. and now proposing a tax plan that would move benefits from the middle class up to the rich, especially t

why specifically penalize goldman sachs or accuse them directly? >> exactly.t is a great question. you can look on the bloomberg to see that there are plenty of asset managers -- goldman is not the only one to invest in venezuela. part of it comes down to goldman being such a big name. taste intill he felt the mouths of some people looking back to the financial still a foulre is taste in the mouths of some people looking back to the financial crisis. these deals are rarely when goldman sachs scoops up all these bonds, you wouldn't notice that until the filings. we actually have a report of something happening last week, playing into people's minds more could and the uptick in violence in caracas -- 1000 people injured. un over byting r armed vehicles. scarlet: the opposition lawmaker also said he intends to recommend any future democratic government of venezuela not to recognize or pay on these bonds. he and how influential is he, really? >> he's one of the most outspoken critics of the maduro regime. this is in the first time deposition has said they won't re

then you start to wonder goldman sachs, the model they have, that's why you might prefer a goldman sachsares the two. that would push you more towards a goldman sachs for sure. >> right. the bottom line is you have to know in terms of getting financial advice who you're getting advice from and how they're being paid. >> right. that's key, right? in terms of the trade, morgan stanley has benefitted from having the advisers. goldman sachs looking forward might actually be the one to go with. >>> up next, pete says there's one big bank you want to bet on right now. the name when we come back. a naturally aspirated 5.0-liter v8 engine. a 10-speed direct-shift transmission. a meticulously crafted interior. all of these are feats of engineering. combining them with near-perfect weight distribution... ...is a feat of amazing. experience the first-ever 471-horsepower lexus lc 500 or the multistage hybrid lc 500h. experience amazing. >>> time for the final trade. pete? >> financials. goldman sachs is going to get you done. big call. giddy and up. >> pete and i might disagree on apple. we agree on

>> it's positive for goldman sachs. in general, actually, i think it will be relatively positive for the banks. think about it, you have a president who is going to do nothing to hurt the financial system or stock market. he said the stock market is my scorecard. no matter what, if he does some kind of glass/steagall-like, whatever you want to call it, it's going to be presented in a way that the banks really aren't that hurt. if you get another dip like that, you boo i it. >> if the banks ever do break up, our next guest says one name will emerge the big winner, goldman sachs. dick, why goldman aside from two cabinet members who are ex-goldman sachs guys? >> well, i think very clearly that if you take a look at the structure of each one of the large banks in the united states, you can see that goldman sachs does not have a traditional banking business. in other words, you have morgan stanley that has gone into traditional banking. you have clearly major capital market positions in jpmorgan, bank of america. you know, c

when i look at a stock like goldman sachs and i look at the way the stock have acted down from its 52-week highs made on march 1st in that is a really bad quarter that they printed. when i say really bad, it was on a relative basis to a lot of their competitors was not particularly good. goldmann's considered best of breed. m and a backlog is not what people expected. the stock went down 5% the day after the earnings and the thing has not been able to recover. when i look at this i see a big air pocket between 220 not far below where the stock is trading right now down to about 200 bucks. that is the proposed brexit lows last june. i think you want to look out to q 2 earnings that are going to come on july 18th. i think that stock is going to fill in if you want to call it a gab down towards 200 here. and option prices are relatively low right now especially the time where this stock is trending lower. it's making a series of lower highs and lower lows so to me the trade is simple. look out to the july expiration. when the stock was trading at 220, 250, you could buy the july 220, 195

clayton never worked at goldman sachs. he just worked for goldman sachs, taking their money and representing them for years as a lawyer at a major new york city law firm. here we are just over eight years after wall street triggered a financial crisis and brought the economy to its knees and president trump has put the goldman sachs gang in charge of holding wall street accountable. trump's betrayal of his campaign promises on wall street is shameful, but it is also dangerous, especially when it comes to picking the person to lead the s.e.c. the s.e.c. is supposed to be the cop on the beat for wall street. that's why congress created it in the 1930's after fraud and other misconduct on wall street led to an enormous stock market crash and the great depression. congress gave the s.e.c. the authority to oversee financial markets and to hold companies and individuals accountable when they defrauded investors. now, when the s.e.c. doesn't do its job, the consequences can be devastating. look at what happened the last time the

goldman sachs and e-trade, these names down more than 5% today. charles schwab off 6.25 imseeing there on your queen. we have to talk about the vix. the vix was near 10-year lows because the market was calm and shrugging off any real, any other controversy or concern coming either out of the white house or the u.s. economy. well not today. the vix shot up more than 30% to a level just over 15, as fear is injected back into this market. with that i will send it back to you. melissa: all right, lori, thank you so much. phil, oil ending at three week high and oil getting a pop. is it just a flight to safety? >> i think that is a big part of it. gold has been going up five days in a row. we've seen the dollar hit the lowest level since donald trump was president. maybe those two go hand in hand but we're definitely seeing a rebound in these markets. of course if you look at gold and if you look at these markets you're seeing a big shift mainly because of what is happening on interest rates. the bond futures have been flying the last couple days. the y

i think this trade makes a lot of sense. >> it's not specific to goldman sachs. if you look at regional banks, other investment banks or brokers, if you look at dan's pattern again, not only is that air pocket there, there is a minor head and shoulders pocket. the burden of proof is on the goal. gold has performed since september 11th. it hasn't gone up. it's going down. >> would you apply this to the regional banks? >> i would. i guess what got me going is stocks pulled up 5%. that was huge number after the q1 earnings. if they put up another that resembles q1. >> now to gold, the precious metal hitting high in the month. what are you looking at? >> let's go look at these first-hand d and figure it out toke. i wanted to start out with something not about to trade. if you sit at home monday or use the back at the office. just remember these first three charts. it's very much an investment. so i have picked non-random, gold is in blue, s&p in orange. >> that is from november 11th 2007 the prior absolute peak of the gold market. the winner is, gold. let's go to the

vo: as a goldman sachs president, phil murphy made his fortune in a rigged system.sey machine has lined up with murphy and his millions. leaders should stand for the people, not the political machine. as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. ♪ ♪ introducing fios gigabit connection. superfast internet at an incredible price. with speeds up to 940 megs. that's 20x faster than most people have. and, it's just $79.99 a month online for 1 year. and only $5 more per month for the second year. get fios gigabit connection for $79.99 with tv, hbo for 1 year and multi-room dvr service for 2 years. all with a 2-year agreement. switch now at fiosgigabit.com. >> ducis rogers is here now with sports. >> the phillies. >> what can we say? >> not much. >> just where is rock bottom? we are not sure. it feels like the phillies are on a mission to find it. they entered this night having lost 16 of the last 22 games. herrera b

downly, goldman sachs 0.66%. to talk about apple again for a moment and as it relates to the s&p 500 more so, right now, thus far, we have seen apple rally in along with the s&p 500 -- rallying along with the s&p 500. this has been supportive for the s&p. on the bottom, we have the correlation. we are really seeing a lot of the time, a majority of the time, the two moving in tandem. if apple does continue to rally, that would not be bad news for u.s. stocks. headlinese to monitor out of the stone investment conference. the howard hughes corporation up by -- up after bill ackman reiterated the support for the company. he has held shares for six years and is the largest shareholder for howard hughes, a real estate company. this is not a new position for him. we will keep monitoring those headlines to see if there are any other stock or market-moving news coming out of it. scarlet: good stuff. thank you so much. investors news for this merger monday. a tie up betweentwo retail rivals, the making of a tv goliath, and

vo: as a goldman sachs president, phil murphy made his fortune in a rigged system. now the jersey machine has lined up with murphy and his millions. leaders should stand for the people, not the political machine. as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. introducing fios gigabit connection. superfast internet at an incredible price. with speeds up to 940 megs. that's 20x faster than most people have. and, it's just $79.99 a month online for 1 year. and only $5 more per month for the second year. get fios gigabit connection for $79.99 with tv, hbo for 1 year and multi-room dvr service for 2 years. all with a 2-year agreement. switch now at fiosgigabit.com. >>> the sun has finally come out and will stay for a while. maybe two or three days before it leaves for the second half of the weekend. storm-a lot of sunshine this afternoon showers in parts of lancaster and berks county and a cluster of storms near balt

does goldman sachs mis-gary? >> oh sure.nd we have other people who are also terrific who aren't gary and gary isn't them. and gary wasn't me and i wasn't gary. there were things that gary did that got everybody who's still there wishes he was doing, but guys who stepped up in his job wouldn't be able to do it if gary was there. life moves on it's a very gray line. i'm sure people wringing their hands saying what's going to happen to goldman sachs. i'm not thinking that with people who are going to be around. >> lloyd it's been a pleasure speaking with you today. >> it's my pleasure wolf. >> you're too kind. lloyd blankfein. send it back to headquarters. >> snek up reactions to cnbc's -- do not go anywhere. "power lunch" is back in two. only t-mobile one gives you unlimited data with taxes and fees included. that'll save you hundreds. get two lines of unlimited data for a hundred dollars. that's right. two lines. a hundred bucks. all in. and now, the brand new samsung galaxy s8 is here. so what are you waiting for? get the n

looking at the e functionsa earnings assessment and analysis, looking at what is happening on goldman sachsarnings, sorted by the actual amount from all these financial companies. you can see goldman at the bottom of the list here losing by about 20%. there is something to be had there, but this is a blip. vonnie: what i heard is something i've heard from other credit managers, too, that it is a complicated market with a lot of confusion. it was a massive, massive surprise and doesn't happen very often, and towards the end of the interview, he said he expected the 10-year yield to be moving more as well and it is not and it is a complicated matrix. oliver: going with what is happening with a fixed income market, and then you go to yields and they don't match up. let's go to "first word" news with emma chandra. emma: in san diego, company, a man opened fire at a full party, killing one person and wounding six others. the suspect was described as white, the victims were black and hispanic. at the vatican, pope francis has called for a negotiated settlement to the crisis in venezuela. he says

vo: as a goldman sachs president, phil murphy made his fortune in a rigged system. the jersey machine has lined up with murphy and his millions. leaders should stand for the people, not the political machine. as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. >>> time for sports jeff is here and philly has one in the win column and they worked overtime to do so. >> they will take it any way they can get it. it's brutal around here a rocky road not only are the phillies unable to win games they have not had a lead since last saturday and the phils trying to play catchup. valesquez allows only one run. trevor story the solo shot. phils down 1-0 but who would thought he would catch this a double play and something to clap about and then this in the seventh, the phils finally on the board. tommy joseph, gone. we are tied 1-1 and then joseph again in the seven and rib single bang. and a walk-off win. >> a good step in th

vo: as a goldman sachs president, phil murphy made his fortune in a rigged system.machine has lined up with murphy and his millions. leaders should stand for the people, not the political machine. as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. >>> tonight -- jared kushner in crisis. the president now weighing in on the allegations against his son-in-law. the calls to revoke his security clearance after he allegedly tried to secure back channel communications with russia. will kusher in take a leave of absence. >>> breaking news. tiger woods arrested. the shocking mug shot. once the one of world's top golfers. now charged with driving turned influence. >>> also breaking, treacherous travel. deadly flooding and severe weather across the south. >>> water park emergency. a 10-year-old boy flying off this three-story slide, somehow surviving. investigators trying to figure out what went

at the last quarterly earnings results, morgan stanley trading revenues were doing better than goldman sachs. they have the asset management business that is a little bit stronger as well. if i was going to look at these two i'd rather own morgan than goldman. secondly because dan's trade happens to capture earnings, this isn't going to decay as quickly once july expiration approaches as short-dated options typically would. i think it makes a lot of sense. even though if you just take a look at it on a valuation basis, maybe 12 times earnings, it looks cheap, 1.2 times tangible book. actually i think this trade makes a lot of sense. >> what's important is it's not specific to goldman sachs. while that is the trade we've got here. if you look at regional banks, if you look at other investment banks and brokers, if we looked at dan's pattern, not only is it that air pocket there that can be sort of filled, there's a minor head and shoulders top forming. and the burden of proof is on the bull. even though they've outperformed from before the election, goldman has underperformed since november 1

lauren: shares as now practiced by showing since its ipo they can petition said goldman sachs and the social media giant. lauren: boston celtics power past the wizards. in hockey, pittsburgh penguins beat the ottawa senators fx series. lauren: by the one in the near. tuesday, may 16. welcome to "fbn:am," your first look at morning markets and breaking news. train to the white house strongly denied a "washington post" report that president trump shared highly classified information about isis oppression appeared report claims the president rebuilt the information during his meeting with russia's foreign minister in the russian ambassador to the u.s. last week. white house national security advisor h.r. mcmaster say in the story is false. >> the president and the repeater range of common threads to our two countries including aviation. at no time, and a timer intelligence sources or methods discussed in the president did not disclose any military operations that were not already publicly known. lauren: democrats demanding a full explanation from senate minority leader chuck schumer issu

goldman sachs downgraded from neutral, and goldman says hess has less attractive profile now compared to ease, shares down less than 3%. >> 35 minutes before the bell, you see the dow and the s&p -- dow down 40 points, still, telecom is up, and banks and energy down. >> feels to me the most defensive -- >> three stocks, first of all, and we got upgrades on two of the biggest. >> true. >> i think that's what see there. >> true. >> considering eliminating the telecom sector. >> you said that. >> it's a narrow one, but coming up, sigh of relief or pain in the neck? the latest on the u.s. government decision about whether laptoping should be banned from cabins on flights between the u.s. and europe. >>> a a former ceo calls uncertainty resulting from the president's trade policyings and whether u.s. companies are left in limbo. stay with us. say carl, we have a question about your brokerage fees. fees? what did you have in mind? i don't know. $4.95 per trade? uhhh. and i was wondering if your brokerage offers some sort of guarantee? guarantee? where we can get our fees and commissions bac

the chief executive of goldman sachs has warned that london "will stall" because of the risks from theprocess. lloyd blankfein told the bbc that the company was developing contingency plans to move some of its 6,500 employees out of the capital depending on the outcome of the negotiations. mr blankfein was talking exclusively to our economics editor, kamal ahmed. lots of people he lacked to have their european business concentrated ina single their european business concentrated in a single place. —— elect to have. the uk is the easiest place to concentrate, with the culture and the language and the special relationship. we are an example of that. if you cannot benefit from access to the european union from the uk, and nobody knows what those rules and those determinations would be, the risk is that there will be some adjustment that would cause some adjustment that would cause some people to have a smaller footprint in the uk. is written outside the single market? the prime minister has made clear she wants to be less attractive for a firm like yours. i would say that it is our hope t

and the two names we hear could be his replacement, gary coap, the former number two from goldman sachswork at goldman, and thinking about mulvaney, the budget chief, is in the running. net-net, from what we understand, the president is leaning towards gary cohn who he likes, respects, who's a democrat, by the way, so it'll be interesting. liz: he's a fiscal conservative. he truly is. he's one of the most fiscally conservative people -- >> i, i -- he is not a guy that believes in, who's been a longtime devotee of supply side economics. that doesn't mean he hasn't had a last minute con version but, you know -- conversion but, you know, be that as it may, trump believes he's an effective guy to facilitate what needs to be done which is a legislative agenda -- liz: that's easy to see. >> yeah. and he will do that. so those are the two names. here's the fascinating thing, i think, about this story. yes, rumor's been out there, i'm hearing it's more imminent. when we asked him this, i can confirm donovan is out. okay, we got that. they put out the statement. as for your other question, this

i want to get to goldman right now because goldman sachs posted $3 million in venezuelan bonds, potentially lifeline to this president and his failing socialist regime. political opponents saying goldman is taking advantage of the situation, trying to profit from the people's economic crisis. why is goldman doing this? and as we talk about today on the importance of humanity and what kathy griffin did. doesn't goldman have some responsibility at all to not be empowering these regimes that hurt people like the regime in venezuela is hurting those people right now? joining me fox news contributor along about bc partner senior adviser steve. steve, you know, i get it. they'll say, well, hey, it's an opportunity to make money and, you know, i'm a red-blooded american capitalist, and i'm all for that. however, in this particular case, by loaning money to venezuela, and i worked at goldman where they were trading debt in a number of these latin-american countries. but aren't you crossing a line because you're effectively propping up a regime that truly should not be empowered right now? >> right.

vo: as a goldman sachs president, phil murphy made his fortune in a rigged system. now the jersey machine has lined up with murphy and his millions. leaders should stand for the people, not the political machine. as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. trouble, the one time king of the golfing world arrested. >> honoring the fallen we take you to neighborhoods around the area as they pay tribute to our nation's heroes on this memorial day. >>> and stuck in wet weather, the drizly misty conditions sticking around but for how long. >>> tonight tiger woods is in trouble again. this mugshot taken this morning after the once great golfer was arrested for dui. >>> good evening i'm denise nakano. >> keith jones woods is out of jail released on his own recognizeens. >>> arrested from his home nine miles in jup iter, florida. as has been trying to get back to playing professional golf. >> illustrate not the image

special thanks to mike swell from goldman sachs, priscilla hancock from j.p.n, and luke hickmore from aberdeen. thank you very much. bloomberg tv and radio will bring give special coverage of the french election this sunday. from new york, you have been watching "bloomberg real yield." ♪ >> 12:30 in new york, 5:30 p.m. in london, 12:30 a.m. in hong kong. i'm vonnie quinn. welcome to "bloomberg markets." ♪ vonnie: from bloomberg world headquarters in new york, here are the top stories on bloomberg we are following. a rebound in payrolls after a week march report. u.s. sales gaining more than forecast. spot in the soft report. we will examine. in commodities, oil is paring losses after a sharp selloff. the head of commodities research says that the oil's love is driven by tentacles -- boils slump is driven by technicals more than fundamentals. and giving berkshire hathaway investors something to talk about at the annual meeting this

head of commodities research at goldman sachs joins us now. so may 25th.u think they extend the cuts and extend the cuts by nine months, not the current six-month plan? >> if you look what the markets pricing at this point now, i pretty much argue the market particularly after the move earlier in the week is priced in that full nine-month extension. >> kind of sad, given that though we're up today, oil's at $49 a barrel only when you've got saudi arabia opec and russia basically agreeing to curtail production. why not at $69 a barrel? >> i think the market loss of patience. look what happened since the beginning of the year. tried to trade the opec production, big draws in u.s. intenner tos, stung in april and again in may. in terms of looking, what do they have to see? observable observatory draws before trading higher. >> any reason to believe oil for the rest of this year will trade anywhere but in a band between, say, $43 and $56? >> i think that's probably a pretty good assessment. probably pick it up a little. maybe put $45 on the bottom and maybe $5

vo: as a goldman sachs president, phil murphy made his fortune in a rigged system. now the jersey machine has lined up with murphy and his millions. leaders should stand for the people, not the political machine. as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. say hello to the new frozen dunkin' coffee. real dunkin' coffee, blended frozen, creamy smooth. a whole new way to enjoy your favorite coffee. try a small for $1.99. america runs on dunkin'. >>> good morning it is 6:00 a.m., monday, may 29. matt o'donnell is off, jeanette reyes joins us. >> philadelphia police are investigating a double stab being that killed a man. >> sparks fly in the city lawncrest section leaving several people without power. >>> it's a soggy start to the memorial day holiday, but that won't dampen the entire holiday. >> let's find out about that, david murphy is outside taking a look at the skies. matt pellman is in karen rogers. >> re

vo: as a goldman sachs president, phil murphy made his fortune in a rigged system. now the jersey machine has lined up with murphy and his millions. leaders should stand for the people, not the political machine. as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. >> good morning everyone, it is 6:00 a.m., thursday, may 25. here's what's happening. >>> a man involved in the murder of a 12-year-old south jersey girl in 2012 is facing new charges this morning. police say he was injured while committing a violent home invasion. >>> police say they caught the driver who caused a serious crash that injured a dozen children. >> the sun is out there somewhere, just not around here, grab the umbrella, the rain is back, you'll need the umbrella for most of the day. >> it has been shining somewhere on the planet. >> reporter: go to florida, i guess right now. we have rain

they've written to the ceo of goldman sachs, voicing their displeasure.he congress, part of the opposition party, went as far to say future governments may refuse to recognize or pay future obligations that become due on the bonds. goldman sachs picked these up for a steal. they paid around 31 cents on the dollar on average. some bonds paying as little as 30 cents on the dollar, an annual yield of about 40%. goldman likes the bonds as the situation in venezuela has to improve from here. moving on, meantime, u.s. consumers have seen credit scores reach record highs while the proportion of u.s. consumers who are in the riskiest categories have sunk to record lows. this has boded very well ahead for potential lending activity, which has been weak recently, and potential economic growth. it's thought to reflect an improving situation regarding employment and growth data overall. household balance sheets have also been improving. this is an ongoing story since the financial crisis and the housing crisis with many saying foreclosures and bankruptcies are less c

vo: as a goldman sachs president, phil murphy made his fortune in a rigged system. jersey machine has lined up with murphy and his millions. leaders should stand for the people, not the political machine. as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. very customizable. you can choose the back, you can choose the arm, you can choose the leg. we couldn't be any happier. you can choose the arm, you can choose the leg. >> with all of the new eagle receivers and all of the drops, will the eagles drop jordan matthews? matthews calls trade rumors fake news. he doesn't want to be trumped by others. he caught a career low three touchdowns, he knows he has to step up. >> i feel competition will help reproduction. you have more guys coming in and working, you have to worry about keeping your job, making plays everyday. that goes for everybody. the competition is raising to help us mostly. >> will the sixers pass on ball?

vo: as a goldman sachs president, phil murphy made his fortune in a rigged system.he jersey machine has lined up with murphy and his millions. leaders should stand for the people, not the political machine. as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. >> good morning it is 6:00 a.m., friday, may 26. >> good morning, everyone, we're following breaking news, a holiday trip sent dozens to the hospital when their tour bus crashed on the new jersey turnpike. >> breaking a gun fight in philadelphia, two people are wounded. >> the clouds are clearing and the sun is once again

asset management is just 9% of the full goldman sachs revenue stream. guys?some good perspective thank you, wilfred frost at hq. >>> when we come back a rough start for the summer box office. "pirates of the caribbean" leading the slowest memorial day weekend in nearly 34 decades. back in a minute. en in every sw, every chip, and every putt, is data that can make the difference between winning and losing. the microsoft cloud helps the pga tour turn countless points of data into insights that transform their business and will enhance the game for players and fans. the microsoft cloud turns information into insight. the power of innovative thinking. the power of 100 of the world's top companies. the power of an etf. the power of qqq. the thinking we put in, clients get out. power your client's portfolio at powershares.com/qqq. before investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. >>> are some big banks

vo: as a goldman sachs president, phil murphy made his fortune in a rigged system.he jersey machine has lined up with murphy and his millions. leaders should stand for the people, not the political machine. as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. pro-tip for making ribs: don't go it alone. get these great smoked ribs. thanks. sure. twenty minutes on the grill. and they're done. you think he cares if i smoke ribs for six hours? what? what? summer made easy at amazing prices. only at giant. >> senator john mccain vladimir putin a bigger threat than isis. >> he made that remark while he was in australia meeting with australian leaders to discuss security and such. during interview mccain admitt d that he views the russian president as a number one threat to the u.s. and he expressed his concerns on putin' as tempt to change the out come of the american lengs and why america and the world should impose more s

vo: as a goldman sachs president, phil murphy made his fortune in a rigged system. jersey machine has lined up with murphy and his millions. leaders should stand for the people, not the political machine. as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. you're not taking these. hey, hey, hey! you're not taking those. whoa, whoa! you're not taking that. come with me. you're not taking that. you're not taking that. you're not taking that. mom, i'm taking the subaru. don't be late. even when we're not there to keep them safe, our subaru outback will be. (vo) love. it's what makes a subaru, a subaru. very customizable. you can choose the back, you can choose the arm, you can choose the leg. we couldn't be any happier. [ cheers and applause ] ♪ >> steve: from studio 6b in rockefeller center in the heart of new york city, it's "the tonight show starring jimmy fallon." tonight, join jimmy and his guests -- jordan peele,

vo: as a goldman sachs president, phil murphy made his fortune in a rigged system. now the jersey machine has lined up with murphy and his millions. leaders should stand for the people, not the political machine. as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. >>> "action news" at 12:30 continues with rick williams, sara bloomquist and meteorologist, david murphy. >>> hello again here are the stories we are following for you now on "action news" at 12:30. >>> the 14-year-old shot and kill said identified and the search for the shooter continues. >>> and tiger woods says he was not drunk behind the wheel but had a bad reaction to medication. here is the details about the arrest. >>> and dining on the only tall ship in the world that doubles as a restaurant. >>> the search is on to find a gunman that shot two teens in philadelphia killing one of them. on the 2000 block of orleansment street. the call went out and w

vo: as a goldman sachs president, phil murphy made his fortune in a rigged system. now the jersey machine has lined up with murphy and his millions. leaders should stand for the people, not the political machine. as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. >>> soggy day around the region. this was the scene in south flori philly where the umbrellas were a a must. m of the same for the north on broad street. gray skies still holding up strong. >>> as we look at the radar, the last of today's showers are moving offshore right now. now we're watching storms to the west. >> tirs we have to get rid of this. the fog that is developing already. when you can't see center city, it's not that far away so thing to is pretty csignificant. that's means it's going to be causing more and more delays at philly international. check with your airlines for the delays. there are the last showers moving offshore. that's the stuff

goldman sachs declined to comment on this story. cheryl: let's get you caught up with below-market action overnight. the nikkei overnight. then overnight. the nikkei and the cost begun fractionally. hang seng bank cost be fractionally. lauren: mixed bag in london. the cac quarante down 28. they do point out a stronger than expected gdp report and consumer confidence to a 10 year high. da accept 10 points. cheryl: u.s. stock market futures either growth or both. they're sick of fractionally. a little more than one point. lauren: goldman sachs -- but enough for him in dollars and 66 cents a barrel done a quarter of 1%. gold done a 31% at 12.67 announced. cheryl: s&p 500 snapped a two week losing streak at the index with another record on friday. what can investors expect this week? chase chief economist anthony chan. good morning. it's interesting what we had over the last several weeks, months as he was trying probably. many start to question whether that will continue considering the president's economic policies may be in jeopardy.

vo: as a goldman sachs president, phil murphy made his fortune in a rigged system.he jersey machine has lined up with murphy and his millions. leaders should stand for the people, not the political machine. as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. >>> good friday evening, everyone. from csn, the war of words in the east is getting started earlier with renowned trash talker redskin quarterback josh norman taking aim at opponents within the division already. norman entering the second season in our national capital told bleemp report, trust me when i tell you bad blood this year. you think the nfc east didn't like each other before? a lot of fines and some suspensions. i'll be honest with you. this -- blank -- will get really ugly. i do have a safety that doesn't give a -- blank -- and i definitely don't. beep, beep, beep, beep. >>> moil, chip kelly landed a job at espn as a college nfl analyst, nfl duties o

vo: as a goldman sachs president, phil murphy made his fortune in a rigged system.w the jersey machine has lined up with murphy and his millions. leaders should stand for the people, not the political machine. as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. >> announcer: today, things are heating up, and we're celebrating the season with "the chew's" summer kickoff cookout. mario's racing the clock to whip a delicious app in a snap. then, carla's in the kitchen with the winners of "dancing with the stars," rashad jennings and emma slater. and they've got a dish with all the right moves. plus, batter up. michael's putting a new spin on a stadium snack that's a guaranteed home run. we're kicking off summer in a spectacular way, right now, on "the chew." [ cheers and applause ] ♪ >>> hey everyone, welcome to "the chew." guys, it's memorial day weekend, which means summer officially arrived. are we ready? [ cheers an

an investment consortium made up of goldman sachs, private equity icon cancero buy care.n one billion aussie dollar's, $750 million. the deal may be made sometime this week. >> audi has reached an agreement, ending a dispute sparked by volkswagen's plans to s.oduce audi sparked concern a most that profits could be under threat. cars will be distributed through the existing sales net work. the new spot snatched by aliens, toppling guardians of the galaxy. the film made its debut with sales of $36 million according to estimates. guardians came second with $35 million. everything and everything and diary of a wimpy kid, the long haul rounded out the numbers. time for a quick look at the next couple of hours. when you watching? the apec discussions, talks about the tpp, the 11 remaining members, suggesting they move the on the u.s. withdrawing from this trade deal. what this communiquÉ really anti-globalization sentiment, which side is winning. it comes on the backs of a g7 statement one step down from that shunning of the established sentiment against populism. we will look

vo: as a goldman sachs president, phil murphy made his fortune in a rigged system. the jersey machine has lined up with murphy and his millions. leaders should stand for the people, not the political machine. as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. >>> "action news" delaware valley's leading news program. with ducis rogers, meteorologist, cecily tynan, and jim gardner. >>> tuesday night three mile island may close in two years and joe biden honored war veteraned including his son at a memrool day ceremony. but the big story on "action news" is the desperate search for the gunman in philadelphia who shot and killed a teenager last night. the shots rang out in the 2100 block of orleans street in the port richmond section of the city. he is identified as timir frazier. he did not survive. >> reporter: jim, homicide detectives cannot quite figure out why 14-year-old frazer and his 16-year-old friend would hav

vo: as a goldman sachs president, phil murphy made his fortune in a rigged system. machine has lined up with murphy and his millions. leaders should stand for the people, not the political machine. as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. this is "jeopardy!" here are today's contestants -- a college journalism teacher from manhasset, new york... an engineering graduate student from champaign, illinois... and our returning champion -- a former attorney from denver, colorado... ...whose one-day cash winnings total... and now here is the host of "jeopardy!" -- alex trebek! [ cheers and applause ] thanks, johnny. thank you, everyone. i was standing backstage racking my brains, trying to think about yesterday's final, and we've had big wins in recent weeks on "jeopardy!"

vo: as a goldman sachs president, phil murphy made his fortune in a rigged system. now the jersey machine has lined up with murphy and his millions. leaders should stand for the people, not the political machine. as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. >>> olivia newton john has ka cancer. . she was suffering from back pain and it turns out it was kans thaer had spread to her back. she's getting treatment at a cancer in australia that's named after her. she does plan to reschedule the shows that she's canceling. >>> tomorrower eagles cornerback and current cowboy nolan carol is in trouble with the law after arrested on suspicion of dwi last night. he was arrested after reportedly leaving a club that held a welcome to dallas party for him. he was an eagle for the last three years. you might reb before signing the deal with the cowboys the team issued a statement said they are still gathering information on

action economics at 3.2, bank of america at 3, and goldman sachs at 2.9%, the low end for second quarterill, a good bounceback, though, coming back from the weak first quarter growth. back to you. >> goldman lowered that from 3% down to 2.9 recently. thank you. i'm with the other steve, and first of all, do you buy the numbers, and is that what this market is anticipating as we continue to very quietly set highs here? >> look at oil. oil is telling us something about global growth. i know that people talk about oversupply. i've been negative based on fly supply, but it is telling us something that's negative. >> demand enough enough? >> demand is not there. i do think that markets have run, you can say there's pro-growth policies, but you can say they are running on earnings right now, and i assume looking down the tunnel, thing ares not as bright as they seem right now. >> by the way, kelly, found the customer for the amazon echo show. >> we did. >> you have sons interested in sports. >> i have that as well. >> find their sports needs in the morning. >> i have four kids that are constan

>>> goldman sachs is coming under fire for buying venezuelan bonds. the president of the country's opposition-led congress accused the bank of financing a dictatorship. the accusation follows a "wall street journal" report that goldman sachs bought nearly $3 billion in bonds issued by the venezuelan state oil company. critics say that purchase gives the government a lifeline while it's starving its people. a spokesman says, "we realize that venezuela is in crisis. we agree there that life there has to get better and we made the investment in part because we believe it will." >>> there has been talk of expanding the laptop ban on airplanes. today the department of homeland security, in a call with european officials, made it clear that a large electronics device ban is still on the table, just as people get ready to go on summer vacation and could mean tighter security at airports. phil lebeau as more. >> reporter: just as a record number of americans are preparing to get away this summer, the federal government is looking at tighter security in airpor

when you sit round the table at goldman sachs, put together a portfolio, is that a debate critical in, shape or form as significant? jonathan: well, i guess the difference between two and three, maybe no. people agonize over this. if you go back two years ago, we all were so focused on liftoff. and then we had liftoff and we don't really remember when it happened. so to that extent, yes, you're right. the minutia of it is less important. but i think the direction of it is important. and the idea that the fed is not -- is off the idea of one a year is important, and we talk a lot about that, and try to determine whether, in fact, they say that they are the path they're to go on. >> the difference between six and nine, it starts to add up. if i'm the fed, what keeps me from raising? every time they've raised, the financial industries have not tightened, surprisingly. so if i'm saying, look, i'm ok, i can keep raising, it's not hurting financial conditions -- >> yeah, no question. i would go even further than that. but if they're saying why aren't financial conditions tightening, think a

vo: as a goldman sachs president, phil murphy made his fortune in a rigged system.rsey machine has lined up with murphy and his millions. leaders should stand for the people, not the political machine. as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. this is "jeopardy!" please welcome today's contestants -- a senior risk analyst from houston, texas... a university registrar from hancock, maryland... and our returning champion, a former attorney from denver, colorado... ...whose 2-day cash winnings total... and now here is the host of "jeopardy!" -- alex trebek! [ cheers and applause ] thank you, johnny. thank you, ladies and gentlemen. good to be with you once again. good champion in jon. emily and megan, welcome aboard. good luck to you. let's go to work now in the jeopardy! round with one daily double awaiting us in one of these categories... hey, there aren't that many.

vo: as a goldman sachs president, phil murphy made his fortune in a rigged system.machine has lined up with murphy and his millions. leaders should stand for the people, not the political machine. as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. this is "jeopardy!" today's contestants are -- an attorney from new york, new york... a jewelry store assistant manager from little river, south carolina... and our returning champion, a legal news editor from springfield, new jersey... ...whose 1-day cash winnings total... and now here is the host of "jeopardy!" -- alex trebek! thanks, johnny. hi, folks. people often ask me, what do you and the contestants talk about at the end of each program? well, at the end of yesterday's show when kerry had just become the champion, she was telling me that, "if i don't -- "if i didn't get this final right "about the university of virginia, i would not have been able to go home." why?

we will speak with alberto ramos of goldman sachs. now let's take a look at where the major averages and as we head toward the close. bloomberg's abigail doolittle is standing by. abigail doolittle: it is shaping up to be a relatively quiet trading day for the major averages -- the dow, s&p 500, and the nasdaq down so slightly, as you mentioned, snapping right now a seven-day when history, but if they happen to turn fractionally higher, we can see the s&p 500 up for its eighth day in a row, and the longest such streak since 2014. we will take you back to the bloomberg, a great way to see what is happening sector wise. not surprising with the s&p 500 down ever so slightly, we see a mix between green and red. up top, telecom, consumer technology, and consumer discretionary trading higher. slightly. on the bottom, energy, down more than 1%. when we look at what is happening -- oil was down on the day. it is still down on the day, well off the lows earlier. this has served as a drag for some of the enp name spirit we see losses for devon