commitment when it was issues with the goldman sachs which i think will certainly bring back the funds but i think the process is quite in there but it in terms of the legal or procedural issues or whether we said this fight with amount given to us well let's talk about goldman sachs because they're accused of essentially criminal activity right that they were involved in issuing a foreign bond worth hundreds of millions of dollars or more than six hundred millions six hundred million dollars with regards to that case goldman sachs is a global banking giant. obviously these huge corporations they're not just massive in terms of business but also in political clout so how confident are you that you're going to be able to get that money from goldman sachs and if you're unable to what's. measures will you be taking to punish them for what is stealing malaysia six seven million is purely commission which is out to regis but. the entire process in dealing with the country. company the one m.d. be. using the expertise the so-called expertise of the national financial institutions is of cours

that investigation is still ongoing and goldman-sachs arranged and underwrote bonds for that fund a the malaysian government has accused goldman of enriching itself at the ngpense of the malaysian public. >>> the ban industry is watching what's happening in washington, especially with the new make-upth o powerful house financial services committee. the panel is led byma congress maxine waters who is known for her fiery rhetoric towards wallt street. in a recent interview with john harwood, she took on a more moderate tone. >> reporter: at one point during the campaign, you said about bankers -- >> what i'm going to do to you is fair. i'm going to do to you what you >> reporter: so, you recently met with jamie dimon o jpmorgan, david solomon of goldman-sachs, what did you do to them? >> ll, first of all, let me just say this. when you areak sg and you are among friends and you are with an orghaizationyou have great relationships with, you take the opportunity to have perhaps fun, to describe to them in ways maybe you wouldn't describe to other people how are you going to do things and yo

this is a big move for -- selina: this is a big move for goldman sachs. do you think they risk alienating big banks they rely on for apple pay by aligning themselves with goldman? julie: i think that is part of the risk. the other is that since they never offered a credit card before, it is hard to model what the losses and uses will be. when you have alone, people know how much money they will use, how much they are using every month, how much they pay back. with a credit card, it is harder to point that out and decide what it will be. someone might use $1000 one month and might have a big purchase like $5,000 the next month, and stop using it for two months afterwards. that could be a risk moving forward because goldman has never had a credit card offering before. selina: julie and mark, thanks for your analysis. tesla's model three has lost a company recommendation for consumer reports. position --n lost a tesla owners have reported issues like loosefitting exterior parts and others. joining us to discuss is bloomberg's chester dobson. what were other t

and the beauty for goldman sachs, it gives them a natural higher income consumer which you think about that core customer for apple i think there's definite advantages for goldman sachs as well here. >> what does it say if anything about the success or uptake of apple pay? >> actually, so when i think about apple pay, versus my initial expectations, it's a lot more ubiquitous than i initially anticipated and therefore, i'd say it's a success if you look at what you refer to before on this services side, it's part of their fast growing services revenue that hopefully over time will supplement more of the slowdown in the core product in the iphone. >> my issue with the point of service use of the phone is that, comparatively small number of places i do business have the terminals that accept it and when i try to use those terminals, there's some misfunctiomi dysfunction. >> that can be an issue with apple pay but generally speaking, it's more ubiquitous than anticipated and anecdotally, good experiences with it both online and in physical retail stores. >> i'm almost never had a hi

commitment in there when it was issues with the goldman sachs which i think will certainly bring back the funds but i think the process is quite in there but it in terms of the legal or procedural issues or whether we said this fight with amount given to us well let's talk about goldman sachs because they're accused of essentially criminal activity right that they were involved in issuing a four different bond worth hundreds of millions of dollars or more than six hundred millions six hundred million dollars with regards to that case goldman sachs is a global banking giant. obviously these huge corporations they're not just massive in terms of business but also in political clout so how confident are you that you're going to be able to get that money from goldman sachs and if you're unable to what's. measures will you be taking true sentry punish them for what is stealing malaysia six seven million is purely commission which is outrageous but. the entire process in dealing with the country. company the one m. d. b. . using the expertise the so-called expertise of the national financia

minister for corruption involving the state fund 1mdb was postponed this week, but investigation of goldman sachs'sia's finance minister is seeking $7.5 billion from goldman to settle charges of misconduct. the head malaysia's ruling party sat down exclusively with bloomberg and told scarlet fu why he believes the bank should pay. ♪ know whatportant to excesses in crime they committed. to obtain $600 million commission, then to secure the returnedn $2.6 billion according to his own personal offenses, this is not something which is normal, it is contrary to all financial rules and regulation. finally,e can achieve, a settlement of $7.5 billion or not, i support the position of the government now -- we will not compromise. they have not only stolen the money through commissions, but they have tried to destroy the economy and the confidence in the system. >> you said $7.5 billion or not, is that number a justifiable penalty, given that the entire bond deal was for $6.5 billion, and goldman paid a fraction of that? would it make sense for them to pay the equivalent of the fees they collected? it to the

commitment in the when it was issues with the goldman sachs which i think will certainly bring back the funds but i think the process is quite in there but it in terms of the legal or procedural issues or whether we said this fight with amount given to us well let's talk about goldman sachs because they're accused of essentially criminal activity right that they were involved in issuing a foreign bond worth hundreds of millions of dollars or more than six hundred millions six hundred million dollars with regards to that case goldman sachs is a global banking giant. obviously these huge corporations they're not just massive in terms of business but also in political clout so how confident are you that you're going to be able to get that money from goldman sachs and if you're unable to what's. measures will you be taking true punish them for what is stealing malaysia as well six hundred million is purely commission which is outrageous but. the entire process in dealing with the country. company the one m. d. b. . using the expertise the so-called expertise of the national financial instit

malaysia's prime minister in waiting has told bloomberg that his country will not compromise with goldman sachs and that the bank must bear responsibility for its actions. saying the government is investigating potential crimes they may have committed, but not sure if malaysia can recover what it wants from goldman as compensation. >> ever complicit to the crime. -- they were complicit to the crime. they must bear responsibility. goldman has responded to the allegations saying it raised money to benefit malaysia and none of the proceeds of the bond sales ever passed through an account controlled by the bank. also saying members of the government lied about the use of the money. global news, 24 hours a day, on-air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm selina wang. this is bloomberg. president trump says trade talks with china are making good progress. the latest round of -- round of negotiations continue in beijing. tom mackenzie joins us with the latest. , a conciliatory tone coming from the u.s. president, leading up to the t

first, apple and goldman sachs will start testing a new credit card.loomberg learned employees will try out the card first and a rollout will come later this year. as part of the push into consumer finance. joining us is julie brays, who covers it. mark, who covers all things apple. that thisn for a year was happening. how exactly is this going to work? how are they going to set it apart? julie: sounds like they are trying to leverage the brand. probably a lot of customers that expect a lot of people, wealthy clients of goldman, that have iphones. they have a way to benefit from a transaction like this. i want to know more about what this credit card is actually going to offer. this is a credit space. cashback, discounts on apple products -- public not. -- probably not. one thing we did find out, from adam della startup, founded this. they are going to try to find personal finance to go along with this. hey siri, what do i/o on my credit card? something like that. that's something. selina: is this just the beginning of a big financial push? mark: no, i

goldman sachs saying you might see a little bit of a drawdown in the chinese market. if you see that you will get an opportunity to jump into these markets again. irish or, i bring your attention to that. goldman sachs say we are near the bottom and barclays say iron disasterlose its driven gains. we will debate that through the next hour. nejra: so we had a little bit of movement in the session yesterday. we heard from jerome powell pledging to stay patient with the fed policy. disruptedre a little earlier. if we look at how are trading now, pretty much debt flat. edging slightly into negative territory. i put oil in there because we have seen a jump today. wti futures were disrupted earlier. we drop in u.s. inventories and some pledges from russia, lifting the oil market today. we had a september high in yesterday's session and we are holding that high pretty much today. against the euro we saw the pound hit a two-year high in yesterday's session on the prospect of a delay to the march 29 deadline. are the gains in sterling cap? if we see that delay, it could be onl

she's naming names goldman sach's energy taeam make a bold prediction, buy it now. >> it is good to have you with us on this monday. some of you patriots fans may be just waking up i mean the ones on the east coast. good morning to krou amy, welcome >> thank you >> did everybody finish the game i did. my show starts at 5:00 a.m you guys will have to carry the show i hope your shoulders are strong let's talk about the market because the market has been carried for years torks a point. if they don't continue to lead us, who do you see as emerging as the market leader, if anybody? >> i think the growth stocks will come back and continue to lead >> why >> the cyclical rally is a rebound. we might be late cycle, which i think we are maybe we're still mid cycle with some others could argue. early cycle is where you want to own the deep value stocks. i don't see any scenario if macro economic factors pick up, they will be right back in the game i think we go into a slow growth economy and that's when growth stocks tend to work well premiums deeply negative inflation is reseeceding >> when growt

goldman sachs says the global economy may have already bottomed out.tor slightly higher than numbers for december and january. the chief economist says growth remains soft but there were hutes of green c emerging. at j.p. morgan, less optimism. jp dimon is readying the bank for downturn risks. >> we are prepared for a recession. thing across the tape that jpmorgan was preparing for a recession, but we are not predicting a recession. we are pointing out we are conscious as the risk we bear as a company. >> there is record high interesting indonesia is sovereign bonds. to $6.7st option jumped billion. the bonds were back in favor with high-yield foreign investors after bank in danger used in aggressive tightening cycle to stabilize the rupiah, which has rebounded almost 3% this year. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. sue, thank you for that. jay powell delivered a relatively upbeat view on the over andhile repeating over that the fed it can be patient when it come

what do you think pete >> i think in these names especially goldman sach's, they make their money int's been active i think we'll see volatility all over the place i think goldman sach's because it was so over sold, we have seen this radical move, i still think there's plenty more to go if the market continues to be what i think it will be. that is exactly what they are looking for. i think that's the right place to be right now. >> if you look at what the bank said in earning season, it was a consumer side of the business and it was strong. here we don't see the fed not moving isn't going to be helpful. loan growth will be pretty subdued. the capital markets remain we're sitting on the side line >>> an s&p sector check we're seeing energy and telecom doing well we're seeing real estate in the red. the dow jones up about 100 points we're back after this. we're drowning in information. where in all of this is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you partner with a firm that combines trusted, personal advice with the cutting

goldman sachs tech conference is under way in san francisco our own leslie picker is there sitting down with ceo david solomon. over to you, leslie. >> thank you so much, wilf thank you for being with us. >> thank you for having me. >> you're elevating people who have a tech focus. how does tech fit into the bank's overall strategy and why are you here today >> i'm here at this conference because it's a fabulous event. fabulous event with a large number of our clients here, over 1200 institutional investors here we're hearing from a range of companies. we heard from alphabet, google chuck robbins is speaking from cisco. i spent some time with sarah fryer, running nextdoor now and i believe spoke yesterday. silver lake was here there's a big collection of clients, but i've come to this conference for years even in past roles, because tech is extremely important in change, disruption it's a good place to come, listen, spend time with clients and get a sense of what's going on i get to san francisco multiple times a year, just generally, given how important the community is out here to our

the malaysian government has now filed criminal charges against goldman sachs and it is notjust malaysiaes around the world, including the us, singapore and switzerland, but are looking into this sovereign wealth fund, that was set up in 2009. the originalaim fund, that was set up in 2009. the original aim was to turn it into a commonwealth sovereign fund, but as we have been reporting, the money might have been stolen. a lot is at sta ke, might have been stolen. a lot is at stake, but the former prime minister of malaysia despite this high profile cases not keeping a low profile. no, if he denies all the charges, 42 charges to be exact. everything for money laundering, corruption and breach of trust. he says that he is innocent and that this is a political vendetta against him. he has been on somewhat of a charm offensive on social media, criticising the government but also going around the country, where a p pa re ntly going around the country, where apparently some of his supporters are still there to take selfie ‘s and so on, trying to portray himself as everyday malaysia and, at tha

stock market since all the way back in 1991 we hear from goldman sachs david solomon who took a bullish outlook for the u.s. economy yesterday. >> economic activity in the united states is still chugging along pretty well. i spi carry sf i position at the moment where we can see reasonable groit during the course of the year let's say, you know, 2% to 2.25% growth that's not bad i think we're in a place where the chance of recession in 2019 though is actually quite strong, and the economic expansion should probably continue do you agree with the ceo of goldman sachs and that things are still chugging along and fairly bullish >> i agree that things are still chugging along i think the data speaks to that pretty much every print we get, and actually had a little bit of a zeebt real wage print for the first time in a long time. that said, i don't necessarily agree with the outlook on the go forward basis. when i consider how much financial conditions have tightened i think that really is going to be most telling along with the fact that the rest of the global economy has started to slow pr

here is a women's apparel change that goldman sachs love and had a close relationship with.avily promoted by the firm i tried to get my father to buy stock in the chain, but he would hear nothing of it i asked him why? because we had the best analysts on the street. he said because no one goes there. i told him that was impossible it's way too highly rated by goldman. my father said all right, let's let's take a trip to franklin mills, a giant outlet mall outside of philadelphia that my father used to go as he called on merchants to see if they needed any of his boxes and bags there was a gantos in one of the malls. my father said here is what we're going to do. we're going to sit on this bench in front of gantos on a busy saturday and make a judgment ourselves. we sat there for hours and hours talking and watching, and only about a dozen people entered the darn store i can't remember if we saw one woman coming out with a bag. i shorted the company that monday and stayed short pretty much until the whole thing went to zero and got liquidated another lesson learned wall stree

going to want their money back, these bonds are tainted and again, what senior executives inside goldman sachs telling people there could be a years worth of earnings so now what does that mean? that's essentially the reason why you saw recently goldman make an announcement that it may clawback the bonuses of any senior official that was in line with, you know, that was there working on this deal and who does that encompass? david solomon, now doing a sort of a, you know, he's on the road trying to push goldman sachs as a different company, but david solemon's bonus could be clawed back. liz: even though he wasn't ceo when this deal was signed? charlie: he was number two and apparently had some line item, he was involved. the former ceo, he could have his bonus, that is lloyd blankfe in. one thing i heard and that's very interesting, they're all pretty jealous of gary cohen, your good buddy and the reason why is because he's no longer there, right? he went to the trump adminitration, he got his bonus already, so it's hard to claw at his back. he got it paid for, and he was involved with, liste

telecom s chosen goldman sachs. learned the offering could value the telecom at $8 billion. the company sells exercise bikes and treadmills with tablets attached. and that is your latest bloomberg business flash. guy: a quick look at the markets. the s&p is trading off session highs. gold is trading lower. this is bloomberg. ♪ want more from your entertainment experience? just say teach me more. into your xfinity voice remote to discover all sorts of tips and tricks in x1. can i find my wifi password? just ask. [ ding ] show me my wifi password. hey now! [ ding ] you can even troubleshoot, learn new voice commands and much more. clean my daughter's room. [ ding ] oh, it won't do that. welp, someone should. just say "teach me more" into your voice remote and see how you can have an even better x1 experience. simple. easy. awesome. guy: 30 minutes left in the european trading day. from london, i am guy johnson. vonnie: from new york, i am 500 this is the european close on "bloomberg markets." guy: generally reasonably

goldman sachs today downgrading its growth outlook for europe. though, on a comeback in growth in the back half of this year a number of u.s. officials are in beijing talking about trade, but secretary of state mike pompeo is on an eastern european tour in an effort to increase u.s. engagement in the eastern european region, given the rising influence of russia and china. in hungary, pompeo warning of the dangers of allowing china to gain a bridge head in hungary. and in poland, he discouraged the use of huawei's 5g >>> back to earnings one specific stock in focus is heineken, up 6%. strong volume growth in its core products helped beat profit expectations it did see a pickup in non-alcoholic products, guys ubs put out an interesting note, saying that low to non-alcoholic beers are becoming increasingly popular among women and millennials across europe, making it a new prospect for some of the big bureaus. i, personally, don't understand why you would drink beer if it doesn't have alcohol in it, but in europe, it's taken off. >> i think they're g

this month or week but for your age and temperament i first heard of it when i was in training at goldman sachs i had been buying individual stocks for myself and for others for a half decade before i got to goldman in '83 as a summer intern at the time i was watching financial news network between classes at harvard law school. that was the pretty cesar to cnbc when i could i'd run over to the harvard business school library and had old reports about stocks 0en a catch as catch can basis so nostalgic to think what i would do next after a found a stock i liked. i would ask for a microfiche of the firm's s.e.c. filings. these are little pieces of plastic you stuck into a machine and red the filings and would maybe only be six months old everything i did is online and instant and updaded. the imperfections were legion. now everybody can know everything but more on that later in the show. i would spend all week trying to find one stock that i thought would be work. one stock that would be good for one week where anyone who wanted to invest could take the idea and run with it and then i would take

not a cent of those funds ever passed through any account controlled by goldman sachs in a huge portionre stolen for the benefits of members of the malaysian government and it is abundantly clear that members of the government and 1mdb lied to goldman. that is the statement from goldman sachs this morning. matt. matt: let's switch from malaysia and 1mdb to commerzbank, just coming out with earnings this morning that were up almost 40%. result, the stock rose almost 6% at one point now we are seeing a number of headlines from the cfo about targets they will miss in 2020. they will not achieve a return on tangible equity target of 6%, as you see there. we also heard they will not achieve targets to cut headcount at 36,000. over 38,000.ll be and they are behind their target on the digital ratio, whatever that is. have,ting the issues they say they didn't expect more of a tailwind from the german economy. it is getting less than maybe a thought it would have, although they do expect a rising rate environment to help with net interest margin. i will talk to the cfo little bit later on and br

it's relatively limited. >> peter, goldman sachs. great insight globally especially for worldwide exchange really appreciate your insight peter, thank you have a great weekend >> all right up next, barbie is back and hot wheels are hot again the one stock to watch as part of that toy turnaround, and we are counting you down. all hour long to the world's hottest cities for technology. boston came in at number five. coming in, according to the u. kfrmt, is number four, amsterdam. that's right on a variety of factors. amsterdam, the fourth hottest city in the world for tech we have three more to go number one might surprise you. worldwide exchange is back right after this we're drowning in information. where in all of this is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you partner with a firm that combines trusted, personal advice with the cutting edge tools and insights to help you not only see your potential, but live it too. morgan stanley. my mom washes the dishes... ...before s

the former chairman and ceo of goldman sachs disagrees.twitter saying a company used to be encouraged to return money to shareholders when it could not reinvested. the money doesn't vanish. it gets reinvented in businesses that boost the economy and jobs. let's get some perspective. our guest joined us over the phone. in theory, if you limited buybacks that would leave more money for the corporation to spend on wages and research and development and things that people claim to want. what would happen in practice if legislatively buybacks were restricted? >> thank you for having me. this should generate a ton of hate mail so i appreciate that. [laughter] i think that people oversimplify this. if firms were basically barred from buying back shares, they would just retain more of their profits. they would just sit on the money. that is the root of what people are trying to criticize. they are saying corporations are making too much profit. distributed into the economy. criticizing buybacks or dividends is an inefficient way of critiquing what

. >>> southwest airlines grounded at goldman sachs the one airline they say to buy instead. the halftime report starts right now. good to have everybody here today. the rally has taken the s&p to its highest level since the beginning of december. nasdaq rallying for seven straight days. going for eight now. you're as active in this market as i can remember. >> i've completely flipped around where i was what i meep an by that is we ta about the short term options while it was volatile, the options weren't what i wanted to buy. i wanted to buy stocks that i thought had been depressed of the downside i was always way down to 7 option positions now i'm back up to 17 of those i've cut my stock positions in half i'm been very, very active i'm trying to use this volatility in the market i'm trying to use the opportunity to job on the best return in the shortest amount of time i think the calls is the best way to do it >> where sort of do you see things where we are right now? as i said in the teaser, you have a number of strategists out today with varying calls on the market you ha

and goldman sachs sanctioned him to do that.part of this we have been tracking across financial media in the last six or eight months, which shows how lucrative -- their clients. vonnie: those stories are well worth reading. you can find them both on the bloomberg. guy: bp is joining its big oil peers by giving investors a positive surprise. it posted better-than-expected earnings today. ceo about the big performance. >> they have announced reductions in production. and of course the oil price fell, windows iranian -- when those iranian reductions were made. when you look at the discipline opec has and has the mr. do for quite a while, and you look at factors like venezuela, a human tragedy, there are things that could from the oil price. and later in the year, the permian will come, so there are factors up and down. but it feels tight. anna: how is venezuela impacting your business? the gulf of mexico has turned into a parking lot for a venezuelan crude. >> it is not really affect our business, we do not do business in venezuel

goldman sachs must bear responsibility over the why am be disanto. vestigating is potential crimes the bank may have committed. he's not sure malaysia can get back the $7.5 billion it is seeking from goldman of compensation. >> we were complicit to the crimes. being, the whole image of the country, the confidence of investors and the state of the economy, they must bear responsibility. debra: global news 24 hours a day, powered by more than 2700 morealists and analysts in than 120 companies -- countries. nejra: thank you so much. staying with that story, goldman sachs has since responded, writing the bond offerings were designed to raise money to benefit malaysia and 100% of the proceeds were deposited into an account. not a cent ever passed through any account controlled goldman sachs. --uge portion was stolen let's get to some breaking news from nestle. for your organic sales come in at 3%, bang in line with the estimate. the other red headline coming through is that next week -- nestle is exploring options for one of its brands including hot dogs.

investing giant david temper an aggressive call from goldman sach's on a big name tech company. >>> welcome. good to have you with us great to see you again welcome back we begin with the markets. stocks continue their rally back from the december lows real question. what now and the question is have we gone far too fast. s&p is up 9% this year 16.5% from the december lows >> i've been saying it's important to be open minded because things change. i think the staff that we're talking about right now is the fact that you now have 87% of the s&p 500 constituents above their 50-day moving average which is remarkable. some are saying it's over bought the bulls have taken back control of this tape >> on the over bought. the percentage of over bought s&p stocks is above 50% from th last time. >> not to get like really technical, term over bought is usesd by people who missed out it has an actual meaning something can be over bought and say that way it can remain over bought for weeks at a time. short term, could we be over bought yes. what happened after july 2016. you had a remarkable run i want

ahead of the latest ruling party says the country will not compromise on talks with goldman sachs overcandal. rishaad: speaking exclusively to bloomberg, he accused the bank of being complicit in the scandal and senate must bear responsibility. >> they were complicit to the crime. the fact being that the whole stateof the country, the is that they must bear responsibility. >> you reject the claim that it was a few bad apples in the firm? and foruch a figure probably the highest commission that they bought is not feasible that thee to assume top personalities in goldman sachs are not aware. >> should malaysia safeguard itself in any way against foreign banks are institutions, foreign players? >> we have adequate safeguards and policies. you have crooks running the system, they can always navigate, so it is important to have institutions and rule of leadersto have credible with very high ethical standards. >> i need to ask you about china. china is heavily invested in how this gets resolved. what kind of relationship do you want to see between china and malaysia as the government works t

caroline: meanwhile, goldman sachs has responded in writing that the 1mdb bond offerings were designedhat 100% of the revenue deposited into 1mdb accounts. none of the funds were moved or redirected under our authority. instead, a huge portion of those funds were stolen to benefit members of the malaysian government and their associates. it is clear that members of the government light to goldman about the proceeds of these transactions. joe: now to asia. bibg, china's highest grade movie star disappeared in a july. when she reappeared in october, she agreed to pay back taxes, but the incident is still wreaking havoc on of the chinese movie industry. bloomberg shery ahn here with more. the view of the government is that the chinese film industry is riven with tax fraud. shery: yes, we have seen her with the dual sham contract, so they are thinking that this could be very prevalent. we have industry tycoons having to cough up more than $1 billion in back taxes, a lot of money going to the chinese policymakers right now and this is basically shutting down film. this happening in july, th

goldman sachs came out with a bearish note.n the january rally, you may have missed your opportunities for the year. i found that very surprising and pretty negative from a bank that gets a lot of their revenue from investment banking and from people buying and trading stocks. what did you make of the goldman statement? we ask show it to the viewers if you want. >> there is historical precedent to that. the market has come up almost 16% in just six weeks. that's an entire year's worth of gains and historically during bear markets when wee see these kind of bounces, four out of five times they've been what they call dead cat bounces, that is to say the market continues lower. doesn't mean it happens this time but it's been a tremendous five weeks and a lot of people say the best month is already over for the year, only the tape will tell. cheryl: speaking of the month, jonathan, february 15th is the deadline for them to come to an agreement on funding for the government. if they don't, potentially another shutdown, potentially -

currie, global head commodities, research partner, goldman sachs & co.to him about emerging commodities. this is bloomberg. ♪ >> this is "bloomberg surveillance." , valued atne hostile 70.8 billion could trigger a three-way fight among the biggest gold miners. planseviously announced to take over offers better benefits. barrick's ceo disagrees. process, we careful have been working on it for a long time. , and notd before hand just one meeting. you have to convince the shareholders this deal is better than proposed. the man proposing to buy them, is the same blamed for the deal falling apart five years ago. was firmlye finger pointed -- that is the bloomberg business flash. you so much.nk for more on commodities and m&a, let's start with oil, we are joined by jeffrey r. currie, global head commodities, research partner, goldman sachs & co. this is one of the most famous get-togethers in the oil sector. let me go to the president's tweet a couple days ago that moved the market a little bit. oil is stumbling after the third rally since christmas eve. marke

goldman sachs fell mor than 1% to $196.36 too. >>> zillow'sco-founder is out as the company ceo and is being replaced by another co-founder and former ceo, rich barton. raskoff has been ceo of the online real estate company for nearly a decade and will remain on the board. the company also beat on revenue estimates after the bell. zillow sres are down more than 25% in just the past year, and they were vatile following the news, but closed the regular session up a fraction to $35.04. >>> also after the bell tonights kraft heinzd earnings and revenue estimates. the company said that cost inflation was lower and savings hurt profits. the company also got a subpoena from the s.e.c. over accounting polici procedures. the company also slashed its dividend. shares initially fell more t 10% following that news after falling a fraction during the regular sessiono $48.18. >>> and coca-cola has raised its quarterly dividend for t 57th consecutive year, hiking it a ts penny to 40 cer share. the dividend is payable on april 1st to those who own t shares on march 15th. coke also is planning to buy b

you'll see a lot of $100 billion mergers from goldman sachs robert kraft is the owner that establishesvalues that sometimes invests money more than they actually have, knowing in the long-term, you build a champion >> jim, i like what tyler was saying about the timing of this is everything. >> congratulations, of course, to nick. i've got to tell you when i was listening to what you say about edelman and amd, the ceo, one of the people you can tell us what this means because you're from the nfl. she's about getting the assignment done and doing her job. and that is exactly what belichick is taught, right >> the other thing is for everybody listening, to me, to have the persistence and the endurance and the character to tick with it, to get it right, to have your standards and never compromise even though they were late on their cpu chips, microchips, they weren't ready a year ago, they were ready now and killing intel. so here's the big news in the next year, they're going to be taking more and more market share from the big giant intel. that's an achievement and it's only because lisa

goldman sachs did not like obama. gary cohn, supported, led the charge on wall street to support him in the first term. the second term after dodd-frank, gary cohn did a 180. goldman didn't support obama against romney. but they look at these, the people, the crew that is now running the democratic party, and bringing schumer into its fold per that article, obama on steroids. this is not just semiprogressive politics. neil: sounds like behind the scenes they're kind of pushing him on, right? >> they're pushing on lloyd to go after -- neil: they can't publicly challenge. >> they're scared to death going after these guys, getting a big target on their back, hauled in front of hearings before maxine waters. you know the whole drill. are you happy? market only down 314. you look more dour now. neil: incredible. charlie gasparino, thank you very much. i want to clarify something i said a little earlier about the gaggle involving larry kudlow who had told our stuart varney not even more than a half an hour ago, that the two

. >>> goldman sachs ceo david solomon telling cnbc there is no recession in sight stocks rallied for the second straight day the dow and s&p closing at the highest level since early december in one sector in particular is catching fire. check out energy leading the market today and up more than 20% from those christmas eve lows the group on track for the best quarter since 2011 is there more room to run? ♪ >> dancing getting my groove on here. the short answer is yes. one of the sectors we talked about was energy and health care energy i think still has room, despite my negative view on the broader market i think energy can continue to go higher. a couple of weeks ago we played this great game traded or faded, and exxon mobil was one of the names, and i stood and looked at tim seymour. i said you know what, you've got to fade this suckerment i thi i think it's going to trade down to 68. i'm talking to the people at home now look what it's done over the last couple of weeks exxon mobil goes higher, as does conocophillips holly frontier's had a great couple of weeks as has anadarko pet

we're supposed to get hundreds of billions of dollars of tech ipos the way morgan stanley and goldman sachs, the two in the pole position on all those, look at how they ago and the volatility we've seen and trading, they act horribly look at the spread between the 2s and 10s. i don't see it and to me i actually see the banks acting the way they do much of 2018 the same way as really a bit of a canary in the coal mine when you think -- >> in a negative way. >> in a very negative way. put that with oil. that's why i said a few minutes ago. >> thank you so much good discussion. we are nowhere being done. we're just getting started how about a car that doesn't need any oil tesla in overdrive despite job cuts and new rivals. that stock soaring we'll tell you why wall street is expecting an even bigger rally ahead. >>> plus, a number of stocks within striking distance of their all-time highs so what does dan say all these stocks have in common? he'll let you know. >>> later, guy adami needs new pants but other than that he is getting ready to step up to the plate to tell you the one name he says

, lyft, slack, a multitude of unicorning filing for ipos according to the journal, it's led by goldman sachs- late june listing at a valuation of about $12 billion and in line with where they were valued at privately. cnbc is reaching out to sources as well as the company for comment on this news but, again, just the news of these confidential filings for ipos keeps on trickling in, guys. >> thank you forthat stephanie, clearly, we were talking before the break about how the lyft versus uber rush to be the first pinterest is a relatively new tech company that's rushing to list do you think there is enough appetite for all of the guys and rushing to be the first one and jump on this january bounce back of markets >> no doubt that the confidence has gotten better. people feel better investors willing to take on more risk and no doubt to rushing to get out and be the first. i think there's room for plenty of them but it all depends on the valuations all is going to depend on the balance sheets, depends on execution over the long run. but i think that these are very exciting companies, technolog

goldman sachs ceo says the economy is still chug along, no recession.owth at 10-year highs. nearly a half million manufacturing jobs created since trump was elected. and the border bill has a retroactive 2% raise tonight for federal workers. remember how the media went into full panic mode how a shutdown would lead to a recession? >> it's looking less like a blip on the political radar and more like a serious economic crisis. what will the delay known for the greater economy without that money in circulation? >> there is plenty more made aches to come if a deal isn't reached, aren't there? liz: nowhere to be found are the media experts correcting their forecasts made earlier in the year. let's bring in former gubernatorial candidate, john cox. >> the media always has to get excited about something. i have been an investment advisor for 30 years. recessions are caused when the federal reserve raises rates too high or some other shock happened to the economy. a government shutdown might be beneficial to the economy. the federal government is a wet blanket

more than twelve percent and apple by now again became the most valuable company on the planet goldman sachs for example the analysts they believe that there is not such not so many more. price increases to be expected for the reminder of the year if you look at the overall market especially if you look at earnings growth that is probably going to. decrease or slow down sharply and with this environment it is hard to imagine that we really can really going with this speed in the next couple of months so there's maybe certain isn't there quarter for us in new york thank you yes. how does europe strongest economy stays strong in the face of billions of chinese investment as well as the u.s. is dominant position in digital tech germany's economy minister peter altmire unveiled the first draft of a new plan. german companies like siemens and thyssen krupp against hostile takeovers that's the goal of the german government's new investment strategy which elevates industrial success to the national interest after recent years or china by one company after another germany's economic affairs minister

goldman sachs said crude could in the near future. a former worker of president trump's 2016 campaign has filed a federal lawsuit claiming mr. trump abruptly grabbed her and kissed her. she says the encounter happened during a campaign meeting in august of 2016 in tampa, florida. the lawsuit first reported by the washington post, she -- the allegations quoting here absurd. hitting an all-time low. global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. >> it is 1:00 p.m. in new york, 6:00 p.m. in london, on vonnie quinn. welcome to "bloomberg markets." ♪ vonnie: from bloomberg world headquarters in new york, here are the stories on the bloomberg and around the world we are following. u.s. stocks are higher. the s&p 500 is sitting highest since november as president trump says he is postponing the date for boosting tariffs on chinese imports. relief, a cell that -- for $21 billion. deutsche bank chief international econom

goldman sachs has a new management in place.ng paid because it perhaps needs some work on late hundred 22 main dollars for the quarter. the worst three-month performance in more than 10 years. no surprise management wants to take a hard and long look at that. ramp-up -- they have had a rough life, they have been tarnished significantly for what is going on. they managed to shine a light on the concern. >> they have been docked by questions on controls and standards in the last few months, especially with one, but we have a story today that is sort of a case of them going out , within the firm, traitor,out to a financial rules violations saying, you take a settlement just go away. was fired and levels it just leveling allegations. the same person is the one stacked by goldman trying to make sure they reach a settlement with this guy. i says this been addressed at all? >> they have set especially with one, that was the work of some employees and not a reflection of the culture. maybe it is still unfair. has all their business, cle

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