alison: not as pertinent to goldman sachs except that ficc is down 13%. goldman and morgan stanley are more for that business so that is a negative for their earnings. equities are coming in at more modest gains. bank of america's number, a positive surprise this morning. is the number one thing we are watching. david: bank of america may not tell us much about goldman. what might it tell us about the economy? they are tuned into the broader u.s. economy. walter: i would agree with that. based on the numbers we are seeing i would have to say the conclusion is the economy is not as bad as the market is perceiving it to be or did in the fourth quarter of last year. we have seen weaker data recently. i want to understand how the quarter progressed and what they are seeing today in the economy. there are a lot of other issues that we are dealing with outside of traditional economic variables as a relates to brexit. the government shutdown, etc.. david: alison williams will be back with us later. walter todd of greenwood capital will be staying with us. bank of

, this ipo calendar that you really want to see vibrancy there. $6.04 a share is the number on goldman sachsis the number coming out right now. that is much better than expected. the estimate was $4.45 a share. and you've got an eps number on l goldman of $6.04. these are better than expected numbers on the eps line of goldman sachs. revenue is also a beat. $8.08 billion is the revenue on goldman sachs. the numbers are out. $6.04 on $8.08 billion, this is better than expected. this is -- wow, this is a good quarter. we're over here talking about how tough the fourth quarter was and look, goldman sachs blows it away. >> you know what, never ending sea of surprises in this earnings season. this is an example of one of them. but we talked about it. it was big deals volume and there was a lot of l volatility in some -- and some of the firms did not do well on the volatility. some of them did do well. looks like goldman was on the right side of that. maria: the stock right now is up 3 3/4% as the company beats earnings expectations with its fourth quarter numbers at $8.08 a share versus an estima

goldman sachs is one of them >> banks are having a good january. >> they're having a good january, good week and certainly a good day goldman was up 9.6% a moment ago. >> sort of digesting the headlines from the beige book. modest to moderate conditions in all of the different parts of the country. let's begin this final hour of trade with the top story steve liesman with more details on the beige book headlines. willem marx has the latest on brexit and leslie picker has more on black rock's earnings. steve, we'll start with you and what we got out of the fed this afternoon. >> as you said, sara, eight of the 12 districts saw increased growth at a moderate amount but four districts, including kansas city, new york, st. louis and cleveland saw somewhat less robust growth. it was flat in kansas city, it leveled off in new york. outlook was pretty positive, but many districts said their business contacts were less optimistic because of four reasons. financial market volatility, rising interest rates, falling energy prices and elevated trade and political uncertainty. shutdown mentioned onl

malaysia filed criminal charges against goldman sachs last month. goldman deed need any wrong doing. shares are trading up in the premarket. bank of america now, analysts looking for earnings per share to jump more than 30% from a year ago. so those two stocks in focus today. cheryl: we're going to be watching those and we're also watching what's been affecting markets as well and that is the government shutdown. we're entering our 26th day today. no democrat showed up yesterday for what was supposed to be a bipartisan meeting at the white house that was hosted by the president. lauren: blake berman has the details. >> reporter: the white house says a handful of democrats were invited to come to the white house, sit down, have lunch with president trump to discuss a possible way forward. however, none of those democrats showed up. congressional republicans who did sit down with the president were perplexed. >> how do we find a way to negotiate with democrats? it's unfortunate this was supposed to be a bipartisan lunch. but not a single democrat offer

the best the goldman sachs m&a revenue up more than $3 billion. is the biggest jump ever since 2015 when it was almost that high. let's look at the screen one more time. that knock on effect in the bloomberg terminal helped to push global m&a to a high we have not seen since 20 15 as. tipping the $3.1 trillion number. issues is of the big the scandal over the 1mdb in malaysia. have we heard anything? ramy: david solomon basically apologized to the country of malaysia. let me show you the quote we have. he said it is clear the people of malaysia work defrauded by many individuals. one of them we know to be tim mr. solomon also saying they are working together with the department of justice and the investigation is ongoing. the cfo said the ongoing litigation cost will amount to $2 billion on top of the $5 billion that is one lump sum. bloomberg sources say apple was planning to cut back on hiring for some divisions. shery: bloomberg technology reporter mark gurman covers this story and broke the scope. apple trying to put a positive spin on this sa

with that goldman stacks -- goldman sachs -- we've had goldman sachs. to build a regulated business and cryptocurrencies. having businesses fall afoul or billions of dollars of misdemeanors, they don't want to have to go through all that again. it's bless regulated. -- it's a less regulated. it's just a big risk, not worth taking at this point. matt: thanks very much. alastair marsh joining us with an outlook on bitcoin in 2019. taking a look at european indexes after the relatively decent start to the trading day, we now see some red arrows scattered amongst them, with the dax even down. the dax was expected to be the biggest gainer as the features came out, and they really got out of the gate well. anna: indeed. it's been a stunning turnaround. we didn't rally that much, but we lost it. that's it for the european open. later, we speak to the economist robert schiller. this is bloomberg. ♪ ♪ >> are the bulls back? stocks in asia jump. back to the table, washington in beijing resuming trade talks in the first formal meeting since the 90 day truce was a

in all seriousness, this will be a big day on wednesday for goldman sachs. ings, fourth quarter earnings. most firms had a lousy trading december, flattening yield curve, higher interest rates, remember, the fed raising interest rates, other stuff. so it's problematic. that should exacerbate goldman's -- goldman is very highly tuned to trading. they are a trading firm. that's where they make a lot of money. that's priced into the stock. the other thing that's being priced into the stock is the big malaysian fund scandal, what sources are telling the fox business network, david solomon will be on the call as we reported. liz: on friday. >> on friday. liz: right here. >> it's very unusual for goldman sachs ceos to be on the call. he's doing this to repair some damage with investors. the stock is off 30% this year. liz: yeah. we know that. we said that friday. >> i know. calm down. people need to know a little bit of background and what we understand is that solomon will address the malaysian fund scandal, providing goldman's i guess side of the story. this is w

goldman sachs seeing its best day in seven years. look at soment to of the details in those reports and the reason that goldman and others are gaining today. some disappointing numbers on fixed income. for the banks, m&a is back in vogue and the numbers you can see in your terminal showing that despite a slow fourth quarter, 2018 looks like it shaped up to be good on the m&a front. that is helping the banks, propping up the overall markets. another one we have been watching is the british pound. of course, all eyes on that historic vote in the u.k. parliament yesterday. the pound is really holding study. interesting to see this because there is so much that is unknown. perhaps not surprising to see currency traders waiting to see what happens next, even as we wait for this confidence vote. even a no-confidence does not mean clear resolution, it means a series of steps that will follow but we don't know what that will mean in the days ahead. how theis space to see markets react to all the potential different outcomes. shery: if prime m

goldman sachs, a dow component really when we heard from goldman sachs, that helped turn the entire tonetive number golden sachs is what turned the tide but that's not unusual basically what we've heard from all of the banks that really focus on that. siti group, jpmorgan earlier this week. across the board, other areas for them, they really managed to come in with better than expected numbers also, bank ofnew york beating estimate on the bottom line with revenue in line. let's look at bank of new york >>> coming up, the government shutdown is starting to impact the streams of data economists use to make their predictions and there's a consensus it's also hitting the growth rate of the u.s. we're going to tell you by how much when "squawk box" returns in a moment. and debate underway in parliament for the no confidence vote for theresa may we will bring you updates as they happen. they're going on as we speak back in a moment >>> welcome back to "squawk box" this morning take a quick look at futures right now. we've had a number of big earnings reports this morning. goldman coming in bet

the fact that david solomon became the ceo goldman sachs and all the american people need to know.i know david very well. he is in the book and plenty of notes and recordings to remind me of david. if i happen to forget him he was one of the managers that, one more from goldman, why he was represented, they would disagree how many lies are in the book but they said there is a least one. so i would say the thought that the fed has the power to stop that from happening and they didn't stop it from happening tells you everything that you need to know about the credibility of the credit exams if you will, and the third question. [inaudible] >> i think your question is a good one, should we make. [inaudible] we should make them special executives, putting our money first before reporting any money. and i think that will begin to change behavior. i know this is the last question. also the specter question but paul fulcher advocated for more supervision. and i couldn't agree more. it was nice to wake up this morning to that level of support. and interestingly enough he is an advocate to b

goldman sachs losing its appeti appetite, downgrading young brands seeing it doesn't see recovery for's business nor will taco bell see momentum from its recent value push. goldman also going cold on starbucks, cutting the coffee giant to neutral on sales concerns in china. shares of yum and starbucks currently trading to the down side by over 1.5%. pizza hut's parent not feeling the love but rival domino's being called an industry leader in the delivery food game. the chain has an outperform rating, the stock up more than 31% in 2018, well ahead of pizza hut and papa john's. shares up 1.3% right now. and weight watchers dropping to its lowest point in over a year. the oprah winfrey backed weight watchers brand losing the confidence of jpmorgan. the big bank downgrading shares to neutral, slashing its price target by almost 50% from $70 to $37. one analyst says she is throwing in the towel due to a slow start in 2019. shares down 5% at this hour. >>> coming up, the president wraps up his roundtable talks. "countdown" goes to the white house when we come back. comcast business built th

analysts at goldman sachs havens. sachs have raised their forecast for gold prices, predicting that the precious metal will climb to 1425 an ounce, a level not seen for five years. i was told wired gold is being bought.” am always a proponent of gold is a balance in the portfolio. we are looking for gold to move higher this year because of risk in the market but also because of the federal reserve appears to pause interest rates which suggests the us dollar could weaken. looking at the trade relationship between the us and china, it seems to be improving so we believe it could be a withdrawal of safe dollars which has been driving sentiment over the last few months. and will also play positively. and let's face it, the world is now less stable than i was at any world is now less stable than i was atany time world is now less stable than i was at any time in the last ten years so i think this is why gold has such significant appeal. you also look at other markets such as oil and there was a great line about oil markets

for that, you can thank dow component goldman sachs, which reported solides earningsts and its stock posted its biggest gain in a decade.rt goldman's q was driven by its investment banking and lending divisions, offsetting weakness in trading revenue. it was the company's first quarter with ceo david solomon at the helm, and he said the future looks bright as well. >> for now the absolute lev of activity in the real economy remains fairly robust. this is i reflect broad ceo sentiment and our investment banking transaction backlog. >> goldman wasn't the only earnings report that lifted the mood onall street. bank of america also had a solid quarter, the result of lower taxes an rising interest rates, which allowed banks to charge more for loans. goldman sachs soared 9.5%. bank of america gained 7%. those moves lifted the sector, which is one of the biggest, and in turn the broader the dow rose 141 points to . 24,2 the nasdaq added 10, and the s&p 500 was up 5. >>> and now that most of the banks have reported, they have done something never done before. they turned in more than$100 bill

alix: sharmin mossavar-rahmani of goldman sachs, stay with us.ast happens to be to the upside. higher,leading the way despite the fact that the german confidence number dropped for five straight months in a row. european stocks also on the upside, a positive sentiment from some chipmakers like western digital offsetting intel. cable getting a jump. maybe we won't see as dramatic a brexit as the deal party -- dup party goes with theresa may's plan. mario draghi did sound dovish around the margins, throwing cold water on the rate hike after the summer of this year. we want to head back to the world economic forum in davos. jon: thank you veryjon: thank y. i'm joined by the russian economy minister, maxim oreshkin . great to catch up with you. initially, we didn't think you would be coming because the committee here in davos were banning three prominent russian businessmen. you are the leader of the delegation here to russia -- from russia. >> there were meetings with other countries, with companies. everything was good. >> the sanctions on russia f

goldman sachs and bank of america both reported some pretty strong results.fred frost at hq wrapping up the results and still to come. >> bank of america both managed to beat on the top and bottom lines. their share prices responding accordingly. bank of america numbers were very strong. in particular, the operating leverage continues to drop through as expenses again declined and since only 13% of their revenues in trading, they weren't too hurt by a tough quarter there. goldman sachs also had decent numbers and followed them up with a very well-received earnings call, in particular, ceo david solomon pledging to provide nor transparency going forward, including on the investment and lending business, which had in the past been seen as somewhat of a black box he also gave various updates on the 1 mdb scandal. >> it's very clear that the people of malaysia were defrauded by many individuals, including the highest members of the prior government tim lizner, who was a partner at our firm, by his own admission, was one of those people. for lizner's role in that

goldman sachs, up 7.5%. j.p. morgan chase, up 9/10 of 1%. airlines are performing well in the s&p after united continental beat the street readily. up 7.3%, bringing american airlines with it, up 4%. erv downformers, fis 6.2%. down 6.25%. macy's down with it. guy: the market has been obsessed. it is interesting to see the s&p going through the 2600 level. that is a line in the sand. europe similar. 50 day moving average on the stoxx 600. we have broken through. that is a key technical level for europe. that should pose the possibility of the market moving higher from here. "bloomberg markets," is coming up. this is bloomberg. ♪ >> this is the "european close," on bloomberg markets. stocks finishing in the green on the continent. recovery in the ftse, down half a percent. back,x and the cac come as banking lifts the indexes across europe. deutsche bank and commerzbank. big gains off a bloomberg story that seems to have been taken well by commerce they investors, and especially deutsche bank investors, 8.3%. remember, they want them to get tog

had goldman sachs talking about the equity strategy for the year.d to get on the relief rally. where do you go from here? garfield: part of this is that there are so many binaries out there. once where if you guess right, you are golden and if you guess , if you can stand hand on heart and say you know how the trade deal will play out, then you are going to make a lot of money. very few people do know how it is going to play out. until you know that, you have to be very nimble. it is a good idea to look for those bursts of tactical strength we have had. especially going into the month when that has been a time some of the position goes to a reverse. thinkingant to be about whether you want to leave your money on the table going into the end of this month. bank of japan had their first meetings of the year. last year, they were talking about self partnering. garfield: i ensure the governor will continue to talk about his willingness to keep up the system and to work toward the 2% goal. stealth papering has been forced, because they simply could not g

how about a really hated company, how about goldman sachs. some of today's strength reflects what i've been saying for a while. the banks should never have been so low in the first place. between the scandal of unfa t l unfathomable proportions in malaysia, at its lows, this thing was cheaper than copper companies and steel mills. it's still even in some ways cheaper than a bunch of stocks that i like -- no name stocks that i can't believe that -- i've got it tell you this has been a very painful period i always think how the mighty or at least the mighty stock has fallen it's goldman sachs but i keep telling you it was too cheap. i stuck with that. you can file one by joining the -- and told finally at last we were vindicated not that we're making any money, but at least it came back to life when this thing was in the 160s, i was crying man it was like when alshon didn't get the pass from -- after the conference call i now feel like the malaysia scandal is fathomable as much as they can given the justice department's involvement, it was the

goldman sachs is in the pocket of republicans in their views. >> any person a hundred goldman sachs for services industries are banks whoever would be crazy to ignore anyone who's in power. it's better to have a seat at the table than to be locked out of the room when it comes to lobbying and legislation and regulation. i think of course they're going to try to cozy up to power no matter what to get favorable legislation. especially because as you said these things are well aware that they're not popular with a lot of people. they feel a need to be in the room in making their case. no matter who's in power. neil: they also started up to whoever looks like i'll be in power. will follow very closely. thank you very, very much. william barr is looking increasingly like he's going to be approved as the next attorney general of the united states. in case republicans are salivating over that, some signs that he is not necessarily going to be in the business world. the judge on not after this. oh, that's great sarah. let's talk about this when we meet next week. how did edward jones come to ma

goldman sachs reported strong result as well.he markets be on cusp of a major technical breakout? jason rotman, managing partner, lido isle advisors and president of kaltbaum capital management, gary k.. gary, you got bullish and dragged you in like al pacino from "the godfather," the fed brought you back in. are you happy with the markets doing or can that continue? >> fateful day, january 4th, as soon as powell mentioned markets i knew. not just that, europe, japan, telling people for months they would stop printing by the way, china added $83 billion to the banking system overnight that is fueling a lot of this. i have to tell you, i have studied 100 years of history. i have never seen a bear market if financials are leading and are strong. not just the goldmans, but you add jpmorgan, and pnc bank coming with bad numbers. both opened down and both being bought up. under my number one rule, not the news, how things react to the news, so far so good but we're in the meat of resistance. i think we'll get a little bit choppy here,

jonathan: that was david solomon, the goldman sachs ceo. that is the take away for a lot of people, that we are closer to the end of the cycle that the beginning. you can't disagree with that because it met a lot of sense. tom: we put in context what you heard from that important ceo. o'neill,ry here of jim bill dudley of the new york fed, now retired, and you move to the wonderful economist at goldman sachs, and i will say they have a history of a more measured approach to the measurement of economic growth. jonathan: for the market for to cement at the moment listening to a lot of this, thinking tell me something -- for the market participant at the moment listening to a lot of this, thinking tell me something i don't know, i got a sense from ecb president mario draghi little earlier on that they don't really have a policy response to this. they can talk about the potential for reintroducing long-term refinance operations for euros on banks, but is that enough? tom: it is not enough, and income a nation with the weaker , you and i noticed

to some ofe speak the biggest names in banking including the ceos of morgan stanley, goldman sachs, ubs, all

sharon bell from goldman sachs is still with us.ve been doing a lot of work on what the potential companies could be if we do see some kind of resolution here. what is your initial response to yesterday? i suppose, there has not been a definitive ruling out of no deal, but that could come in a couple of weeks still. sharon: it could come. we have increased the chances of a no deal slightly. we still think they are low. back before this last string of amendments was voted on, we thought there would be a 10% chance and we have moved to that up to 15% now. a no deal was not ruled out entirely. a tiny bit more risk. i'm surprised to see how relatively strong the pound has been since these amendments. i think the market view is that it is very unlikely you were going to get some sort of agreed deal similarly along the lines to the original one theresa may presented or that brexit will be delayed. that is where we still are. that is our key view. i think the risk has gone up a little bit. we are getting you were to the end of march deadli

strong earnings of the bank of america and goldman sachs also caused new highs in the us.ence in her government. theresa may's begun consulting other party leaders over a new brexit plan. four members of the us military presence in syria have been killed in an attack carried out by so—called islamic state. a jury at the old bailey has been told that the pilot, whose plane crashed at the shoreham airshow in 2015, killing 11 people, had a "cavalier" attitude to safety, and played "fast and loose" with the rules. andrew hill lost control of the vintage fighter aircraft, which came down exploding in a fireball on the a27 dual carriageway. he denies eleven counts of manslaughter by gross negligence. here's our home affairs correspondent tom symonds. it happened on a beautiful summer's day. a high—performance vintage jet fighter dropping from clear skies onto a crowded road. some of the 11 men who died were in passing cars on their way tojobs, football matches, one a chauffeur about to pick up a bride to be. others had stopped to enjoy the air display. the court was told the pil

the new boss of goldman sachs tells us he supports president trump's stand against china over trade.hat's the latest from the world economic forum in davos. and on the markets, asian shares on the rise after a rally in us tech stocks. crude jumping on the prospect of oil sanctions on venezuela. and the pound on track for its best week in over a year — as uk prime minister theresa may faces growing pressure to rule out a no—deal brexit. we start in venezuela, which faces a deepening economic crisis, as the standoff continues between president nicolas maduro and opposition leaderjuan guaido. the us, together with many other nations, is recognising mr guaido as interim president and vowing to cut off the existing government's source of revenue. that could take the form of further sanctions according to president trump. venezuela already faces various restrictions on accessing us financial markets. but not, so far, on its vital oil industry. oil makes up 95% of venezuela's revenue and the us is the biggest customer. more than half of that revenue, though, goes straight back out again to

. >> and here are the earnings which are attracting a lot of attention bank of america and goldman sachs, very is strong earnings in the stock premarket up 5% goldman up 3%. solid gains and the company strong earnings and not seen premarket stock market quote at this point. but just a moment ago they were up about 1%. so they're joining in the earnings gains here. liz peek is with us. there's a pretty good earnings from banks that's a nice -- >> goldman beat estimates in terms of revenue and citi group failed to do so this is sort of a nice heads up that a the banking industry is alive and well. bank of america also talked about consumer loans being up strongly basically state of the economy was looking very good in terms what they're seeing in terms of money and all around extremely good news. >> back to you in a second pif to get to overall market now we're going to open higher looks like a triple digits gain for the at the opening bell expiet as a i was saying there was a humiliating defeat for britain prime minister over brexit that doesn't seem to have an affect here. hans olson is

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goldman. sachs. let's. just. keep thinking. you keep. going and. coming. along a. long long. long way. looks. like. linux . it's. the a glow. sticks. cut. glass. globe. glue. color. glue. leggo relax . relax relax. relax relax. expose. live. ok a leg licks excuse. you a. little excuse for. you and. the time so very much will be too long for you. was. cool. cool. thank you. you. live. live. live live . live. live. live. live live. live. live. live. live. live live. live. live. live. live. live. live live. live. live. glenn. glenn. glenn. glue glue. glim eleven . live live live live. six six. six. six. legs look at her sleds look. problem play look. player ghosts look look look look look look look look look look look look look look. look look look look look look look. look play. play play play play play play play play play looks. to me. suggests. a. slow. slog. look slow look. lowest low look look look look look look look look look look look look look look. look look look look look look look. look look look look look look. look look. look. let's. play. let's. let. her loose. pl

goldman sachs talked about it.ices for london homes dropped to its weakest in figure five years in january. asking prices slipped 1.5% from last month, when they were spooked by brexit, holding off from listing their properties. the picture was last week, asking prices rose .4%, the biggest gains in the north of england. who better to make sense of this? right moves commercial director. this is a reality check. prices are down. but if you not out the right place -- knocked down the right price, you will get a sale. are we seeing a bottom or do you need something to happen to brexit to create that bottom? guest: brexit could give a spur to the market, but someone is always looking for value. they are saying the market, with interest rates, very cheap historically, there's an opportunity to negotiate hard and, particularly in some sectors, if you look at the cost of renting in the london market, if you can get a five-year fix for less than 2%, buying is actually cheaper than renting. there is an opportunity, but one

goldman sachs was very good.l and the tangible book is so high. can i thank becky for acknowledging the kind of work i'm doing versus what the fed is doing? thank you, becky it's really kind. >> when they talk about the beige book, it's showing what you've been saying for a long time this was a reflection in the beige book from those companies too. maybe they should have been looking at that earlier. >> i'm most grateful it means a lot. >> talking about tributes to you but also wanted to get your thoughts on the life of mr. bogle. >> i loved him he changed everything. my dad used to go to bangor every day hoping to just see him. they were always so helpful. he created an institution that was pro customer tim cook is pro customer the only other executive i know who wants to put out the best product at the best price, jack put it out he was fun to talk to. this guy is a character. he was a personality and one that always surprised you. he hated the way business was done in this country he hated wall street and we d

goldman sachs lowered its year-end projection by 50 basis points. sees the 10 year over the same period. peter chatwell, director european rates strategy, mizuho still with us.s some banks burning down there year-end forecast, but those numbers above three. that is above where we are now. where do you see is heading? peter: we do not change our forecasts. it is 305 for the 10 year. the factors behind that, there will be the balance sheet reduction from the fed. there will be rate hikes even though the market has priced out much from the cuts. we think the fed will be looking at the hard data, and that will of reflect the notion corporate debt weighing heavily on the corporate picture, causing them to reduce their causing thed that recession we expect in 2020. the fed will deliver one more hike, and these are the factors that will push the rates curve in the u.s. slightly higher. is by no means a restrictive level, but it is the impact of the turmoil in the credit market. it puts you between goldman sachs, they have 3 flat. they have lowered it to th

bank of america and goldman sachs have reported in today. in they have reported a drop trading revenue, something we have seen with the rest of the banks this week. they both surprised with eps and really, and the market likes that. morgan stanley will report tomorrow. take a look at citibank. they reported first on monday, they are uppermost 10% over -- over 10% over the past few days. they're looking to see if they could add more to that for the rest of the week. david: thank you. coming up, speaking of banks, we are waiting for jamie dimon's talk at the economic club of new york. we will bring you his remarks alive. this is bloomberg. -- his remarks alive. this is bloomberg. ♪ david: this is balance of power, i am david westin. we have been talking about what comes next in the u.k. after the defeat of theresa may's brexit deal and her likely survival of a no-confidence vote, which is coming up in an hour and a half. what is the view from the european union? we are getting that from maria, welcome. give us a sense of what we think is comin

that's what we've seen in terms of goldman sachs, there was only one that made a difference and that was tangible book went from 186 to 197. to move higher today is just the market recalibrating where that move was and where the stock is now. can they continue to rally yes. but most of these banks, xlf, goldman sachs, are still in a pretty steep downtrend from the beginning of last year. >> just to be clear, my view -- that was january 2nd, january 3rd, before the banks started to get going. as we got a week into the year, i did not like the strength heading into the earnings. they had literally gone down inspect a straight line, 20, 25%. if you look at all the charts, they're still in pretty significant downtrends i'd highlight the kre, the regional bank index, was down more sharply than the larger banks and it's still in a big, big downtrendin if you're buying here, you're doing it wrong you had to buy them when it looked really ugly. >> goldman sachs, up 9%, 10% action wreaks of positioning to me sell the banks these are low quality beats. there's nothing to be excited about. >> c

goldman sachs exceeded profit expectations due in large part better-than-anticipated performance in itsg division. loser: youtube loser: youtube is giving people 2 months to take down videos of dangerous stunts like the 'bird box' challenge . . . .youtube has explicitly banned challenges and pranks that put people in serious danger. it cited the "tide pod challenge" as an example of an unacceptably dangerous stunt, though more recent videos have been removed of users attempting the "bird box" challenge. youtube said users had a two-month "grace period" to clean up their channels. youtube has updated its guidelines to explicitly ban dangerous prank and challenge videos - and it's giving users two months to clean up their act. loser: snap nosedives 10% after its cfo unexpectedly resigns less than one year into his job . . . .snap said i that cfo tim stone, who had joined in may 2018, is resigning. stone follows a host of 20 other executive departures in the past year. snap said the resignation did not have to do with disagreements over the company's practices, financial or otherwise. snap

shery: goldman sachs this morning cutting their forecast for base metal targets.iven china's really decelerating notably, they are saying the uncertainty of the policy effectiveness of china their has waived on predictions. we have seen china cut the rrr again, they announced it last week. how much room to the chinese they see anuver as economic slowdown and potentially more trade conflicts with the u.s.? isli: the chinese economy clearly under downward pressure. there are three key reasons for that. the first is the trade conflict with the u.s.. the second is the government deleveraging efforts as they try to deal with the big debt problem in the economy. the third is the structural change that has been happening for many years when the economy transitions into a services driven framework. those, i think the economy will continue to slow but the central bank and the government will have lots of finance resources to deal with the slowing economy. i think the ratios are still fairly high and there is certainly room to cut them further, if needed. stimulushe other m

goldman sachs, investment banking very strong. m&a is the best of a decade.trong responses in the market. a vote ofy faces no-confidence later today. prime minister is expected to prevail. is question is by how much -- much. takingaking -- a debate place in little later on issues expected to win but by how much? brexit will be quite a narrow margin. if you remember about a month ago, a vote of confidence in their own prime minister, she narrowly won that. anyone in her own party will vote against her tonight because that means they basically welcoming a labor government. the label -- labour party which should table the motion meets seven members of the party or the northern ireland party propping up the government to join them and back her. it is looking quite unlikely. are tohe wins come we the brexit protest. today, it is a sideshow. what we learned today is there is very little wiggle room being offered by the eu. earlier on, suggesting maybe the netherlands and germany would offer some. but the island -- the irish prime minister as well has to the same. w

anwar: they are ongoing discussions, including government sector -- including goldman sachs, and actionthe united states, but i think we need to go through due process. we are talking about $600 and in of commissions think they must understand to be complicit to the excesses and crimes is inexcusable. and in the process, the country and the people suffer, and we must get all of every cent that has been taken out from the leaders oreither the those complicit in this action. haslinda: how you describe the state of the malaysian economy in light of the tree million -- the 3 trillion debt to we have seen? anwar: we are fortunate we have a private sector. we are still fastly trying to resolve the problem by increasing the production of oil -- as in oil exporting country, theformidable talks with oil industry and the services sector, tourism. that all intoing account, we have seen in the last budget the capacity to resolve the problems of the past, but to be able to attract new ventures in new areas. means the sector of tourism, digital economics, artificial intelligence, etc. the bloomberg n

goldman sachs moments ago downgrading starbucks, first to a neutral from a buy a lot of reasons chinaoldman saying the macroeconomic fears out of main land china could impact sales kate, what do you think they're talking about? they're not negative on the company. they think the stock has it a run and it's reflective of this. >> their ceo kevin johnson regarding china, they said they're not planning to back off amid all the trade war concerns. we had a story on cnbc about luck-in, their chinese competitor, they were planning to overtake starbucks in terms of the number of stores that they're going to have in 2019. so for the longest time starbucks has been the biggest player there and now this new player is coming in and kind of infringing on their territory. johnson said to us many times, we're monitoring the situation, but we're moving full speed ahead with the plans that we have there which i believe is 6000 stores in the next few years. >> okay, goldman sachs out this morning moments ago downgrading yum brands this is mainly a valuation call. they're cutting yum to a sell. they sa

we talked about goldman sachs. well, it is the leader in the dow at this hour and its first earnings report, firourth quart profit absolutely blew the estimates of $1.64 billion out of the water. m & a leading the way with quarterly revenue, the highest since 2007. we are very close to session highs right now. this is the intraday picture. far right, you can see we are just off it, actually that's bank of america. but we do have a very nice move for both bank of america and goldman sachs. for its part, bac reporting quarterly profit also topped estimates. the growing loan book helped it survive the rocky end of the year for markets. bank of america, by the way, is the financial adviser to first data. as the payment processer is being acquired by financial technology provider fiserve for $22 billion in an all stock deal. that's the ceo of first data. they will offer $22.74 for each first data share. can we put up the stock chart again so our viewers can actually see what first data is doing. as we look at that, it's

to get out there are other options through the these days, refinancing your credit card debt, goldman sachs one, right >> marcus, i think have you gotten the flyers >> marcus is good. we didn't talk about solomon solomon delivered a good quarter at goldman people are, like, we have forgotten that, we have forgotten everything it went from 160 to 200. that's a dow stock i'm focused on dow stocks doing well, versus the overall gloom you can't just say, oil is down, no trade, navarro is angry, sell stocks he's an angry guy. he's funny. >> is he funny >> oh, my god is he funny. >> is he really angry or just seems angry. >> when you write a book called "death by china". >> you got to know somebody to understand the true angle, i think. >> i don't think he's really angry. >> okay. >> jim mentions kudlow on the tape yesterday after we got these headlines that some preparatory talks have been canceled kudlow talked about that pushed it back and talked about the impact of the shutdown on the economy. >> i acknowledge that we will lose some in the accounting of gross domestic product, okay i do not a

. >> here is my feeling on goldman sachs conference calls they have been so painful, the way goldman chs has run the conference call, i'm all in favor of disclosure. i don't want as an alumnus of goldman to hear, we did x, which is really bad. we did y, which is disappointing. we did z, which i can't believe how bad we are the self-flatulation on the goldman call, do they really deserve the multiple of six multiple are they like micron ak steel ak steel >> i don't think so. >> i don't either. do you think the smartest people in the world want to go work for ak steel i don't think so people want to work at goldman this is a shocker. i know it is a shocker seven times earnings >> i know it is. look at the comp ratio too 23.6%. that was really low. >> you don't make any money at goldman. what has a higher price to earnings multiple. ford or goldman? >> ford. >> yeah, i mean, until today >> ford reported numbers that were far below what -- >> far below and ford has roughly the same multiple we have to start talking about the idea that maybe stocks, particular big groups, are not that expe

. >>> goldman sachs also cut its rating on yum brands from sell to neutral. they cite concerns at pizza h and taco bell. the pce target is 76. the stock fell to $90.94. >>> the gap was downgraded to f underweighm overweight at barclays. rae analyst there cited challengingic trends and difficult comparisons. price target $25. that stock lost a penny today to $25.24. >>> and netflix was upgraded to strong buy from outperform at raymond james with the analyst citing a solid content slate of programs which could help revenue and earnings per share even higher. price target $450 and shares rose to $337.59. the stock has gained 37% just since christmas eve. >>> still ahead, therls biggest banks report their earnings next week, and they carry a lot of weight in the market. but what are the odds that they'll have a blowout quarter? >>> here they come, bank earnings will be in focus next week.il citi be the first to report its resultsnd on . then skrchltjp moefr pchl and wn tuesday.tz david ds president, chief investment strategist at pointview wealth finagement. t of

. >>> w under armou upgraded to conviction buy from neutral at goldman sachs. the analyst says the company should benefit from strong consumer spending. the price i targe $28, but the stock fell a fraction to $20.48 >>> goldman sachs also downgraded the gap to sell from neutrah the analyst citing deteriorating brand momentum. price target now $23 and shares fell 4% today to $24.. altria was downgraded to underweight from equaleight at morgan stanley. the analyst cit declining sgra cigarette sales and increased scrutiny from the fda when it comes to vaping. the price target is $45. that stock dropped 7% to $497. >>> coming up, a turning point after a rough few years, are things finally working in ibm's favor? >>> johnson & johnson said today it expects sales growth to slow this year of the dow component blamed generic drug competition and pricing pressure but & j did report better than expected earnings for the most rent arter thanks to sales of its cancer drugs and its psoriasis treatment. we have about $3 to $3.5 billion of generic competition that we'll encou

i think even my kids hate goldman sachs. truth is goldman is one of the greatest wealth creators of all time there are a ton of smart people there, and the franchise is unassailable, though the scandal needs to run its course and that's an embarrassment. anyone who touched that thing should be fired, if, well, except for the ones already being prosecuted goldman is a finance company, and those don't do well now because no one knows what tangible book value means these days right now, you get about $12 more than the stock currently sells for if they close the doors. i think it's incredibly cheap. you need to buy it and then be patient. the malaysian nightmare will end, and again, i emphasize that was horrendous but i think that you'll wish you owned some goldman stocks when it's done. third, there's ibm, down nearly 25%. this is tough. how about we declare them to be a 5.4% yielding bond i don't know how else to put it. ibm is basically a good bond and you know what. i like bonds in a world where the tenure yield is a little m

and we'll be getting more reaction from davos, where the head of goldman sachs tells us he supports president's stand against china's trade policies. the japanese sportswear firm asics ; let us know — just use the wilma—m we start: inveneguela ,,, = which faces a deepening economic crisis — as the standoff continues between president nicolas maduro and opposition leaderjuan guaido. the us — together with many other nations — is recognising mr guaido as interim president — and vowing to cut off the existing government's source of revenue. that could take the form of further sanctions — according to president trump. venezuela already faces various restrictions on accessing us financial markets. but not — so far — on its vital oil industry. oil makes up 95% of venezuela's revenue — and the us is the biggest customer. more than half of that revenue, though, goes straight back out again to service debts. venezuelans already face spiralling prices for everyday goods. the international monetary fund predicts inflation will rise to 10 million percent this year. it's already at 1.3 million percent. th

goldman sachs, of course the biggest winner here. strong earnings report.hey were the only wall street bank to grow trading revenues year-over-year. they had the best day for the stock since 2009. very big deal. unitedhealth, nation's largest health insurer, beating on top and bottom line. medical loss ratio not so great. investors ignored that. nike, don't think it was using cell phone to tie the nike shoelaces made the stock a go. report chinese consumers may buy fewer iphones but not fewer nike shoes. losers, let's look a week, this has been a week, certainly last few days on news. verizon, pfizer, unloved names. walt disney reported something that grabbed attention for investors significant investment in content. that is not something investors wanted to hear today. that stock down. liz, back to you. liz: i agree. to see goldman up 14% on the week. it is still down 21% year-over-year. nice move up off the floor, gerri. you're welcome. connell: stock and bond markets are shuttered. fox business is open for business. i and team countdown are here. why? fi

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goldman sachs gives a 50% chance. what do you reckon in terms of recession probability?ink the treasury market is indicating a growth slowdown. not necessarily a recession yet. we do not have that in version of the curve. that signal tends to be fairly slow. possible.s it is perhaps about global growth rather than u.s. growth. u.s. growth is fairly buoyant. interest rate part we have had for many years in the u.s.. a slowdown is coming. whether it pushes us into a technical recession or not we will have to see. i want to show you this chart which shows the fed real rates. there is a gap between that and real gdp. bloomberg economists have been talking about the fact you really need this gap to be closed before we start worrying about any recession. you supported that point as well. the argument from bloomberg economics is even if we get a pause from the fed, they are going to continue with their hiking cycle this year. if you agree, how should investors be rotating between assets in a fixed income portfolio? >> we agree with that. that gap can" going. quickly.ose what in

the big bounce off those christmas lows continues shares of goldman sachs and bank of america are now up about 25% since then let's bring in wilfred frost you'll have to delay the start of your show >> mike is going to pick it up if i'm not there in time >> there is a plan, right? because there could be traffic >> there will be traffic but it's good to be here on set with you. so we have huge moves. we don't often see goldm mman shares moving as fast. what do you think is going on here >> the first thing is these were somewhat priced for a recession or close to that what we've got throughout the sets of earnings is that's not on the cards whether it's in the numbers or earnings call or guidance early part of the week we saw some stocks beat on one line but not the other line today both goldman sachs and bank of america beating on both and very positive earnings >> jamie dimon was just interviewed and talked about -- he said everyone asks me about net interest margins investors are focused on the wrong thing for these banks. take a listen to that. >> too much focus in the short term i

not the same sentiment for goldman sachs given bribery scandals in malaysia.eve goldman sachs share price will fall to roughly $247. that is a price cut. barclays says there is a lot of growth comes to earnings per share for the banking sector into 2020 even though loan losses are expected to grow from historical lows at this point. back to you, liz. liz: happy new year, girlfriend. >> nice to see you. liz: tesla starting off the new year by disappointing investors. the electric car company reported delivering 790 vehicles, short of wall street estimates even after it boost the production. 85,355 vehicles last quarter, up 3% from the third quarter. announcing across the board price cut of 2,000 bucks to offset a 37050 cut in the federal tax credit for electric vehicles. so that slimmed down. he said i better fill that in. shares down more than 7% on the news right now. or 23 bucks. we're at $309.51. let's bring in my friend dave dietz, one of the original tesla bears. joining us in 2019, i will ask you question, are you ready to turn bullish. >> no, we are not