goldman sachs, citi in the green market. they all had gains across the board. . both goldman and banc of america outperformed the third quarter. for goldman their best quarter for equity trader since the end of 2021. this pushing the bar that much higher for morgan stanley which reports tomorrow. boeing plans to raise as much as $25 billion. filing a shelf this morning, a precursor to possible equity raise t announced a new $10 billion credit agreement to shore up the billion streak with the strike going. they are hoping to hold off downgrades to junk status. the s&p estimates this will cost the company more than $1 billion a month. according to a press invitation from the state council information office, officials from chinese housing ministry, finance ministry, and the national financial regulatory administration will be holding a briefing at 10 a.m. beijing time on thursday. the focus will be on promoting the steady and healthy development of the property sector t comes a few days after ministry officials promised efforts to back the real estate sector. jona

let's get to the ceo of goldman sachs.olomon expressed concern about the widening middle east conflict citing its potential impact on security, safety and economic growth. he spoke to us exclusively on the sidelines of the saudi future investment initiative in riyadh. >> is not good for security, safety or economic growth and i'm hopeful that leaders in the region and around the world that important governments around the world will be able to find a path to settle down as we move forward. but anytime you have geopolitical uncertainty it's not good for economic growth and prosperity. i spent time with people on the ground, people want to find a path to a secure prosperous, economically vibrant middle east. it's interesting, people are obviously concerned and very focused, but it has not had a significant impact on activity up to this point in this part of the region. >> let's talk more broadly, your earnings came out very strong. the stock is at a very good run this year. you must be feeling good. let me ask how you are fe

a notable fine for apple, apple and goldman sachs have been ordered to pay $89 million. this stems from how the company has handled consumer disputes related to apple card transactions. the consumer financial protection bureau says apple failed to send thousands of complaints to goldman sachs, and when goldman sachs did receive those complaints, the agency says the bank did not follow federal requirements. when investigating. goldman sachs is also banned from launching new credit cards unless it can provide a plan to comply with the law. apple is responding to the ai boom. it's releasing a preview to its test version of apple intelligence features. the new version will work closely with chatgpt, which is made by san francisco's openai, and it will also include an image, one that will allow users to remove objects or distractions from photos. apple will officially release apple intelligence to the public next week. investors hope apple's new ai features will spur a wave of iphone upgrades that are only available on its newest devices. okay. happy new year! it's opening ni

goldman sachs like it.say the measures could put g gdp closer to the 5% growth target torfor the year. the devil is in the details here. we have to wait and see what the policymakers do next. we flagged what the major indivisces are doing. the first is the miners. we have seen oil pulling lower today as the three-month copper on the lme pushing down as well. mining companies in europe look like this as a result. the majors here, rio tinto and b bhp, in positive territory. the others are lower in the session. european luxury is in focus this hour. another key source of demand with the concerns of the health and strength of the chinese economy has been pulling this sector sharply lower today down 3.5%. lvmh down 2.66%. burberry also losing ground. as i mentioned, goldman hiked the forecast seeing the world's second largest economy growing 4.9% versus the 4.7% expected. the lender has raised its 2025 growth forecast to 4.7% from 4.3%. let's get more insight and reaction to this with janet mui. she is head of r

on the earnings front, decent numbers from goldman sachs and bank of america yesterday.he focus switching to morgan stanley. 12:30 p.m. u.k. time today. will morgan stanley repeat the beads from the likes of jp morgan and goldman? will it be a similar story when it comes to the investment banking and trading parts of the business? at 7:40 pm u.k. time, the ecb president christine lagarde will be speaking. as markets increasingly lock in a more aggressive cutting cycle from the ecb. that decision coming on thursday from the european central bank. there is plenty more coming u. this is bloomberg. ♪ tom: welcome back to "bloomberg daybreak europe." she is the ceo of the world's largest environmental services company, veolia. she has been at veolia two decades helping guide the company's global growth. she told francine lacqua on "leaders with lacqua" goes green about their ai prospects. >> ai can be part of the solution and is a problem of the same time. if i start with the problem, ai data centers consume a lot of energy and need a lot of water. actually we are providing s

announced sanctions to hit iran's oil industry and goldman sachs estimated that could hit one millionrels a day. it seems the approach is yes, israel will strike but it is alongside defense boot capabilities coming through and sanctions being applied. tom: kai. so this put pressure, what have been the other drivers of oil? >> price of oil down 3%, you go back to the fundamentals which is china showing weakness. oil imports they tough showing weakness and declines in china is the largest oil concealers in the world. opec-plus revised downwards their demands and they tend to be more optimistic, they tend to overshot vis-a-vis other think tanks but they've revised down for the third month they now see the demand growth totaling millions of bitter rules to give you context. other think takes are saying much higher than what the market is penciling in. a mismatch between supply and demand. barrels back in the market in the fourth quarter and further sanctions so if those come to pass they could exert pressure. we talk about tension that could emanate. still some potential for disruptions b

liz: closing bell 40 minutes away and dow and s&p on record and ibm, mcdonalds, goldman sachs also atox business alert and goldman on deck to reveal the third quarter earnings before the opening bell tomorrow. ahead of this, the stock is upright now. our count down closer is banking on them to do well and ceo and cio gases scako. goldman, one minute solomon was embattled and doing incredibly well and a a real success story. >> liz, next year when we're looking at where the economy is going, we'll need more capital and goldman has access to get to the markets and be able to provide that capital and help for growth and in a pro growth economy. liz: if that's the case and economy is horrible right now, can't possibly see it like that. do you? they're telling you the republican is ahead and lina khan is out and more less regulatory focused area and joe lonsdale was talking about a little while ago. that will probably pull back and we don't look at that all the time and adding cost and incrementally slowing things down and more consolidation in industries and actually it'll improve product

. >>> we are watching the bank stocks with bank of america and goldman sachs and citi and a number report. we have the key numbers to watch. >>> oil takes a nose dive with mixed messages from the middle east. we have a live report from the region coming up in a moment. >>> and later, google is the latest big tech giant making a bet on nuclear. the likely stocks to boost your bottom line. it's tuesday, october 15th, 2024. you are watching "worldwide exchange" right here on cnbc. >>> good morning. thank you so much for being with us. i'm frank holland. let's get you ready for the trading day ahead. we kickoff with the look at u.s. stock futures. take a look. a bit of a mixed picture. s&p flat. the dow would open up 85 points higher and the nasdaq down 34 points. this action we are seeing after the dow and s&p 500 both closed at yet another record high yesterday's. the dow's first close above 43,000. we are keeping an eye on tech and nasdaq. the 1% pop is 1% away from the first record close since july. the nasdaq composite up over 23% year to date. big move right hirere to the upside. again,

goldman sachs is upgrading gdp to 4.9%.man saidi stimulus measures are looking for the greater spending. >>> taiwan semiconductor is looking for an increase in profit. customers like apple and nvidia have ben fefitted to the surge artificial intelligence. >>> coming up, the one word wl so nvestor needs to know toy. weilal have the challenging for elliot hill and he maintains the buy rating on the stock. we'll be right back. tamra, izzy and emma... no one puts more love into logistics than these three. you need them. they need a retirement plan. work with principal so we can help you with a plan that's right for your team. let our expertise round out yours. >>> we are moving aggressively to shift our product portfolio and create better balance in the business and reenergize brand momentum through sport. that said, a comeback at this scale takes time. while there are some early wins, we have yet to turn the corner. >> that was nike cfo on the company's earnings call two weeks ago laying out a rough road for the company and ce

it brings the value to around $160 billion which is similar to investment bank goldman sachs.es microsoft and nvidia. oil prices have jumped by around 1% as tensions in the middle east continue to strike fear. the region is the bigger supply of oil and many are concerned a wider conflict would impact the supply. our expert gave us his take. we know after— expert gave us his take. we know after the _ expert gave us his take. - know after the iran attack, israel is weighing their options and what i'm the news and reading, the damages are not significant at the moment, so israel has to think hard on whether they can hard delayed so we can communicate to the customers about what will happen. to the customers about what will happen-— to the customers about what will happen. that was awry in peterson. — will happen. that was awry in peterson, the _ will happen. that was awry in peterson, the founder - will happen. that was awry in peterson, the founder of - will happen. that was awry in peterson, the founder of the | peterson, the founder of the supply chain company flex port. we wi

i love this story, liberals at goldman sachs, are running as far as kamala harris as they can.nning to hitting taking both bicycles and high-speed cars, they can't get away from her fast enough, talk about it with great charlie gasparino right here with when kudlow returns. each helping to protect their money with chase. woah, a lost card isn't keeping this thrill seeker down. lost her card, not the vibe. the soul searcher, is finding his identity, and helping to protect it. hey! oh yeah, the explorer! she's looking to dive deeper... all while chase looks out for her. because these friends have chase. alerts that help check. tools that help protect. one bank that puts you in control. chase. make more of what's yours. when you're looking for answers, it's good to have help. because the right information, at the right time, may make all the difference. at humana, we know that's especially true when you're looking for a medicare supplement insurance plan. that's why we're offering "seven things every medicare supplement should have". it's your free, just for calling the number on

is telling clients to do today. >> we have a goldman sachs problem.blem because it's up to the president of the united states to u use his authority to he prevent goldman and others from fueling our enemy. this is just so elemental. it's not only strategic, it's moral. but the other thing about goldman's advisory on this, you know, they went back and they looked at historical rallies in china. and they're just trying to pump things up. what they don't talk about is that those rallies always fail. they always fail because they did not change the fund mental nature of the chinese system. and without that fundamental change, you're going to have bubbles like this, stocks will go up but they'll come down almost as fast and we have to understand the nature of the chinese system. goldman won't tell you that because they don't want to an ar their friends in beijing on whom they rely. maria: that's a great point. the other thing they're not telling us, which is what we know already, these chinese companies don't follow the laws of america. we don't know if th

president saying that we could cease shocks in both direction that could alter the outlook and goldman sachs say the annual returns that the s&p has said on the last ten years will be no more, golden says i'll be sliced under 3%, what would you think is behind that and do you agree with it. >> i don't agree it's an impressive call and you talked about rates coming down let's remember 5% a year ago right now in our down a 4% range where we will be in 2024 if you look to the end of 2025 we are going to be data 3%, the question where is money going to go the money in the savings account is getting 5% were to be back to normal where interest rates are going to be low money has to go somewhere and earnings growth in written and everything will market, it's a matter of time before the nasdaq with a all-time high and a full view recovery on the nasdaq like liberty seen in s&p and dow targets about 20% above. liz: there is a big swath between 3% gain over ten years annualized in a bull market party, where you stand. alan i love you but i don't see how rates can continue to go lower like you said to

and apple and goldman sachs ordered to pay millions.ere's carissa lawson with today's "moneywatch." >>> it's something we haven't seen in a while on wall street, a three-day losing streak. the dow fell 409 points wednesday. the nasdaq dropped 296. and the s&p lost 53 points. corporate giants apple and goldman sachs have been ordered to pay a combined $89 million fine for mishandling their apple cart partnership. the consumer financial bureau says both companies mishandled tens of thousands of transaction disputes and misled cardholders into thinking their apple device purchases were interest free. >>> your prime membership has a new perk at the pump. prime members can now save 10 cents per gallon at 7,000 bp, amoco and ampm gas stations across the country. but there's a catch. you first have to earn up no earnify to activate the discount. that's a bp gas program. >>> you have ever found yourself indulging in your child's gold fish crackers. well, the company is giving the beloved snack a temporary name change to chilean sea bass to appe

anyway, a real strong quarter here for goldman sachs.of what we saw with jpmorgan chase, maria, on fridays, that investment banking story really, again, you know, you've got a strong, you know, wall street performance, strong stock market. there you go. back to you. maria: all right. stock is up 2 on goldman. thank you, cheryl. it's time for the world word on wall street, joining me now is managing principal and founder ryan bellager, also rebecca walser this morning. ryan, it is good to sew you and, rebecca, i want to kick hinges off with you exactly where we left off, on goldman earning. you've got bank of america reporting a double beat. profits were down as its income from customer interest payments shrank. banks have been paying out higher interest rates on intense competition for deposits. we are also looking at goldman sachs benefiting from a strong capital markets environment. looking ahead to i group at the top of next hour concern citi group. what is your reaction so far? >> i would say that bank of america, i would make a dist

the liberals at goldman sachs are running as far from kamala as they can.nning in the hills. they are taking bicycles, taking high speed cars, they can't get away from her fast enough we'll talk about it with the great charlie gasparino right here when kudlow returns. t in your local community. see what i did there? hey, jackie! (♪) evan, my guy! you're helping them with savings, right? (♪) i wish i had someone like evan when i started. somebody just got their first debit card! ice cream on you? ooo, tacos! i got you. wait hold on, don't you owe me money? what?! your money is a part of your community, so your bank should be too. like, chase! when a tough cough finds you on the go, a syrup would be... silly! woo! hey! try new robitussin soft chews. packed with the power of robitussin... in every bite. easy to take cough relief, anywhere. chew on relief, chew on a ♪ robitussin ♪ larry: all right, goldman sachs economics department and the rest of the company, i'm sorry, they are my favorite wall street liberals, not really my favorite but they are running awa

chief china economist at goldman sachs.ll to come, c vijayakumar l's earnings beat and itscuss keep here with us. ts loomberg. ♪ (♪♪) (♪♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invescoom haslinda: welcome back to bloomberg markets: asia. you are watching india focus and they start trading in t sx minutes. we have futures pointing to a higher op. india trading after its inflation accelerated at a faster pace than expected in september, per justifying the our b.i.'s caution as calls to cut interest rates grow in the country. the nifty 100 is up by .3%, stillre-session, looking for a positive day for india. recappinose india cpi nus, rising 5.9% from a year earlier, the quickest pace in nine months. tracking hcl tech. profit help

. >> coming up, we'll reveal why one mobile tech company is moving higher and what analysts at goldman sachssay about it, next. (man) look at this silly little sailboat... these men of means with their silver spoons, eating up the financial favors of the 1%. what would become of them when they discover robinhood gold allows others to earn their very liberal rates on idle cash, unlimited deposit bonuses and handsome retirement matching? they would descend into chaos. merciless chaos. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. (intercom) t minus 10... (janet) so much space! that open kitchen! (tanya) ...definitely the one! (ethan) but how can you sell your house when we're stuck on a space station for months???!!! (brian) opendoor gives you the fl

morgan stanley, goldman sachs. morgan stanley is about to break out of a four-year consolidation. goldman sachs looks like it's about to break out. >> and that's -- >> you buy them on any pull-back. >> tuesday/wednesday. >> you find them less the money centers. >> you like them, even though we don't have a big ipo market. the credit markets have been crazy strong. >> you buy them in anticipation. >> julie, what about you? >> yeah, dan stole my thunder. that's exactly how i feel. i'm much more interested to hear what's going on with the investment banks. >> i'm not really interested in banks broadly speaking, because there's not a lot of differentiation. we've been doing a lot more testing the waters meetings with private companies that are getting ready to go public. it's like their training wheels meeting as they get ready to talk to mean, nasty investors like me. and what i'm seeing that's encouraging is actually the quality of these companies is better. and they have a little bit more religion around profitability. but if they are touching anything with a.i., they've been given

week third-quarter earnings we are waiting on major banks including bank of america citigroup, goldman sachsrles schwab reporting third quarter tomorrow wednesday morgan stanley coming out joining me gerard, great to see you. thank you so much for being here give your expectations for the third quarter reporting season what will you be waiting watching closely. >> thank you, maria. i would say the key area that people will focus on, similar to what we saw friday jpmorgan, wells announced months in is essentially the banks earn from assets funding costs this is going to be the big area for next 12 months maria because of the fed activity lowering short-term interest rates the second key area as always credit, what we saw on friday very good numbers on credit the quality remains very manageable for banks that will be another area people will focus in on for tomorrow >> okay. so when you look at what you've seen already, with regard to the consumer, i know that the level of debt is also an issue but would you have been able to glean what is going on with consumer from reports you've seen on fri

the bond portfolio issues for goldman sachs are past tense. i feel very lonely, maybe this is the quarter where people finally look at the future and how fabulous schwab franchise really is. i can't be sure but they should. as for goldman sachs, i think it will blow away the numbers and the stock will go higher. inc. of america had a big one today. one buffet had sold so much that he's under 10%. that will help immensely. it wears you down to see that warren buffett sold some shares every few days. you never want to be on the other side. bank of america may have on the upside because it was up 5%. the street has fallen in love with the stock of citi. she is turning citi around. hard to remember when i've seen so much confidence in an institution. next week is not all about thinks. we have united health group. they are the only health insurer that regularly beats earnings. when this one misses the stock barely goes down. when it beats, the gains are huge. speaking of healthcare, johnson and johnson caught a big break in the talk lawsuit. a judg

what is interesting from the analysis that has come this morning, including goldman sachs, there's moreax hikes than expected. it was supposed to be 2/3 of sending cuts. it looks more 50/50. some analysts are not dubious with the tax-based consolidations have a lower tax of succeeding and improving the fiscal position sustainably. we have to wait and see what the elements are and the debate in the fragmented national as assembly. it will be a tough debate and if the government can reach majority to push through its budget. >> indeed. so many questions, charlotte, on the contractary budget which includes tax hikes which will not land well with the overall french public here. what do you think it means for michel barnier's political future? >> that really is the key question here. a lot of headlines is more taxes for everybody in the country. they will have to sell this message and started the last couple weeks that says everybody needs to make an effort here. more companies will be taxed and more individuals. what a lot of mps are saying and including barnier's camp is the taxing compani

goldman sachs upgrading their view on chinese equities. ftse 100 features getting a live from upside in terms of the pricing on copper and iron or and that links to the china story. s&p futures currently a little lower by point 1% -- .1%. let's have a look at the asian markets with the goldman cool contrasting with what you're getting from the likes of nomura. evaluations are starting to look a little bit rich in some parts of these markets in china. we need to see the policy implementation. glezman saying you could see further upside. potentially 20% on chinese stocks so that is playing into the mix as is the strong jobs data in the u.s. in terms of the optimism within the asian session. the benchmark up 1%. the hong kong listed company -- the chinese enterprises index -- chinese companies see gains of closer to percent. in the nikkei having a solid session, adding 867 points. let's look cross-asset then. we talked about the yield move. dramatic as it was in terms of the front end last week, yields up 36 basis points on the two-year. clos

and not enough supply and that means power prices are going up for consumers. >> thank you. >>> goldman sachst's get to leslie picker. >> goldman coming in at 870 a share. the firm posted $12.7 billion for q3. goldman's banking and marketing division up, and that is thanks to debt underwriting and secondary offerings. the bankings backlog did increase overall as well. equities were up 18%. asset and wealth management net revenue was $3.75 billion in the third quarter, 16% higher than last year and 3% lower than last quarter. goldman generating equity, and one thing to note, there was a 62-cent hit including because of the transitioning of gm card. this morning an agreement announced to be the exclusive owner of the card in terms of the arrangement were not disclosed. a big beat for goldman sending shares up more than 2%, guys. >> good job. thanks, leslie. i like this system. "squawk box" will be right back. keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more busin

if they can catch up goldman sachs, game on.st 3% this morning after rallying 20% through yesterday. is he putting his stamp on this company now, on this fate? is he getting out of the shadow of james gorman? >> it took a couple months, but that is kind of nothing after james gorman's legacy. you do see these numbers coming in superstrong. some questions i have are around how sustainable this is. these are really good numbers and at the end of the day, we are looking at hedge funds sitting at near record leverage. can they keep doing that to drive the market higher? jonathan: looking forward to this conversation a little later. doing this now, gerard cassidy of rbc. that wraps up the earnings on wall street. let's sit on morgan stanley for a few beats. a number of beats. a few upside surprises. what do you make of what is behind these gains from the likes of morgan stanley, are they durable? do you expect tailwinds to stay with these companies into 2025? >> i think so because when you take a look at some of the lines of these co

según el banco de inversores goldman sachs, el impacto para los minoristas, incluyendo las compañíasen la llegada de los productos a los hogares y las empresas. amazon está vendiendo una pequeña casa en casi 19 1.000 $ la casa prefabricada por emonia. está hecha con metal y equipada con todas las características. incluye una cocina, baño, calentador de agua, 2 habitaciones y hasta un pequeño balcón. también cuenta con protección para inclemencias del tiempo, tales como terremotos o vientos intensos y target revela su lista de los mejores juguetes de su campaña bullseye de 2024. esta incluye más de 60 artículos y casi la mitad de los cuales son exclusivos de target. los precios comienzan a 7 99 e incluyen marcas populares como lego y disney. target dice que más de la mitad de estos juguetes costarán menos de 20 $. la plataforma de análisis de datos adobe analytics espera que las ventas de juguetes aumenten un 6% sobre el año pasado. yo soy silvana henao y ese es tu informe cnbc para. telemundo. feliz tarde. esto es un palco deportivo versión estadio. estamos en el people's park de san

both bank of america and goldman sachs beat revenue estimates for the july to september quarter, theanks to growth in their investment banking and trading units. gerard cassidy explained if this was sustainable. the first thing i would point to is net interest income for the diversified revenue for banks, jp morgan, wells fargo, bank of america, citigroup, they saw stronger than expected net interest income which is essentially the revenue they earn from their assets less funding costs. but because of their diversified business models, specifically goldman sachs which you just pointed out, the strength of investment banking also helped those banks as well. the increases in the debt capital market numbers were very strong, and the banks pointed to the fact that issuers took the opportunity after the federal reserve cut cut rates to issue debt because it was lower cost, and the spreads were more narrow. those are the main factors of what we saw in the results thus far. so this is more indication that the fed and jerome powell have been getting things right? it's interesting, aside from

both bank of america and goldman sachs beat revenue estimates for the july to september quarter, the to growth in their investment banking and trading units. gerard cassidy explained if this was sustainable. especially after the latest rate cut by the federal reserve in september. fine for its treatment of american jewish passengers two years ago who were barred from boarding a flight. us authorities said lufthansa blocked access to 128 people, nearly all of whom were wearing traditional orthodox jewish clothing, on the basis of alleged misbehaviour at frankfurt airport. lufthansa has denied discrimination but has apologised and acknowledged errors in procedure. we are in another cycle of the earnings season for corporate america, and overnight we got results from some heavyweights in the financial sector. both bank of america and goldman sachs beat revenue estimates for the july to september quarter, the solid result was thanks to growth in their investment powell talked about two or three years ago, he has actually done quite well. we're in a soft landing in the us economy, which i

tony pasquariello, goldman sachs joining us again., richard fish iers standing by. we get his take on rising yields and what he is expecting from the fed decision next week. he joins us after the break. help you find and unlock opportunities in the market. e*trade from morgan stanley with powerful, easy-to-use tools, power e*trade makes complex trading easier. react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity. e*trade from morgan stanley when you're looking for answers, it's good to have help. because the right information, at the right time, may make all the difference. at humana, we know that's especially true when you're looking for a medicare supplement insurance plan. that's why we're offering "seven things every medicare supplement should have". it's your free, just for calling the number on your screen. and when you call, a knowledgeable, licensed agent-producer can answer any questions you have and help you choose the plan th

say, quote, upon learning about these yad vert ent issues years ago apple worked closely with goldman sachskly address them and help impacted customers while we strongly disagree with the characterization of apple's conduct, we have aligned with them on an agreement, that agreement of course is a $25 million fine, pocket change for apple, but this was related to things at cfpb said about the apple card promoting interest-free payments for apple products and also customers having trouble when they had to dispute a charge and getting their money back between goldman and apple, that's what this was related to again, shares of apple down 2% but mostly off of the iphone use i was telling you about earlier. >> steve kovac. >>> up next, tracking the biggest movers into the close, pippa stevens is standing by with that. >> one tech company could be exploring one of its largest ever acquisitions. the names to watch coming up next tamra, izzy and emma... no one puts more love into logistics than these three. you need them. they need a retirement plan. work with principal so we can help you with a pla

so, we like goldman sachs for a long time, but the way the stock has traded into earnings to me is -- it's not all that encouraging and a continued upside. >> if you think about the cycles that goldman's been on -- it was a $300 back in that same two year ago move. some of this was also unloading unprofitable or lost leading consuming banking dynamics, but an environment where if anyone was able to navigate through and make money in some of their trading businesses, and really, in some of their specialty businesses, it's probably goldman. i agree with you. this is not the multiple in the banking space that looks interesting. it's money center and regional banks, it's not goldman. >> joining us now with the technicals about nvidia, and what is next for the financials, is adam turnqvist. we have stocks at new highs today, so, what is your forecast for nvidia? >> right now, when you look at nvidia, it's been a pretty impressive breakup. finally broke out of this consolidation range, cleared 130, and if you measure that move, you apply it to the breakout level, the technicals here are tel

goldman sachs, bank of america, jpmorgan chase albeit revenue estimates. >> we expected 15% for both companies and jpmorgan came in at 31% and obviously goldman coming and added 20% increase and they see that these costs of capital coming down. a lot more dealmaking for this investment making peace. >> that is where they are making the money so this does not change the fact that prices are still 20% higher than the day president biden advice president harris came into office. that fact added to the race in the dead heat especially as you see in battleground states. >> she has for the last four years as vice president cast a tie-breaking vote on 2. $5 trillion worth of inflationary spending. president obama's own economic adviser said you are going to send prices through the roof. gasoline prices 50% higher, grocery prices 20% higher, housing prices 20% higher. kamala harris has said she would double down on every single bit of what she's done the last four years, she would change nothing from president biden's tenure. >> reporter: the economy the number one issue for voters in all the

my former employer at goldman sachs reported yesterday morning and delivered a set of boffo numbers. thanks in large part to a 20% increase in investment banking fees including growth and equity underwriting and data with the not even good market yet. they have 16% growth. they showed kostis a plan. the efficiency rate showed, that was the cost divided by revenue came in better than expected. $8.40 per share. as for the profitability metric it came in at 11.1% when the analysts were looking for 9.5. they were very modest in the call about this. the business is indeed booming. across the investment bank incorporates and sponsors remain actively engaged and we see specific pent-up demand from clients. the backlog grows again and we expect the investment banking franchise to benefit. that is huge. the key growth driver now that they have abandoned the consumer finance. the position for the top five ultrahigh network franchise is significant opportunities. he has gotten back in the business of serving rich companies and rich people. they were not lending. when the margins go higher that

that's similar to the investment banking giant goldman sachs and more than most of america's biggeststors have to agree not to put money into rival ai companies. fiona cincotta from city index told us there was a scramble to get in on the deal. this was very oversubscribed. there was a lot of demand. that is basically because openai is expected to lead the next wave of generative ai. the expectations are for revenue to almost triple next year to $11.5 billion, from its roughly $3 billion level at the moment. so this is the stuff that is really expected to be at the foundations of the next level of generative ai. because of that, there was really strong demand and, as a result, there was also very particular arrangements to the deal for funding. for example, there were requirements for exclusivity, and this as you also mentioned, was done on a convertible notes basis. so basically, that conversion to equity is very much hinging on this successful structural change from that for profit, sorry, into a for—profit organisation from the nonprofit organisation that it is at the moment. to t

>> do not have a case of the mondays and goldman sax talking about muted -- goldman sachs talking abouted returns and 47 records this year and six weeks of new highs so at some point, mark, take breathers and not to mention the fact like i said last week, we'll tense up a bit heading into the next two weeks into the election. stuart: you keep telling us the path of least resistance is up and with the financials doing well, that confirms the rally is not over yet. >> yeah, no one has better insight into the economy than the big banks. when they reported earnings last week, the management team said capital markets are improving. they're saying their net interest margins are interest rates that are going lower. cash comes off the sidelines and empowered and looking at soft landing that's probably a no landing and meaning it never really even hit. stuart: would you make a judgment as to who's the better candidate for the market, trump or harris? can you get into that? >> suggesting at a minimum, you get divided government and potentially you get a trump victory. stuart: that's the key, isn'

that's similar to the investment banking giant goldman sachs and more than most of america's biggestvestors have to agree not to put money into rival ai firms. fiona cincotta from city index told us about the scramble to get in on the deal. this was very oversubscribed, there was a lot of demand and thatis there was a lot of demand and that is basically because openai has been expected to lead the next wave of generative ai. lead the next wave of generative al. the expectations are for revenue to almost triple next year. £211.5 billion, from 3 billion at the moment. this is a stock that is expected to be at the foundations of the next level of generative ai. because of that, there was really strong demand, and as a result there was some very secular arrangements —— particular arrangements —— particular arrangements to the deal for funding. there were requirements for exclusivity and this wasn't mentioned as being done on a convertible space, that is meaning be conversion to equity is hinging on the successful structural change from that for—profit, into a profit making organisation f

of the chat bt maker to the amount similarto —— of the chat bt maker to the amount similar to goldman sachs microsoft. openai's latsko banker and they are cheaper than nvidia. prices havejumped by around i% as tensions in the millers continued to stoke fears. the region is the world's biggest supply of oil and many are concerned and wider conflict would impact oil supplies. it's get more details from our indian business correspondent. what is a concern for india? given that india gets a large chunk of its energy needs catered to by the middle east, this is certainly something that a lot of experts are watching very closely because given the fact that since the ukraine war india has been a big beneficiary of discounted russian oil, but in august, if you look at the figures, over 14% of india's energy needs were catered to by the middle east, so therefore any kind of wider conflict in the region could have far—reaching implications on the indian economy is still heavily oil —dependent as well. just to put things in perspective, according to estimates, two—thirds of india's oil as well as half

then we had goldman sachs warning about trading revenue as well. just lowering the bar coming into these numbers. lisa: with a complete lack of visibility. that is what i have heard from a number in the banking sector. in reality, pipelines try them up as quickly as they come out. right now there is lack of visibility about what will get done. how much does this have to do with the geopolitical overhang that seems to be overhangs over the past couple of weeks? jonathan: yields a little bit higher, two basis points on the two year. on the 10 year up by about three. just south of that level on twos. a big rally yesterday. yields were down about six basis points. still working through the economic date of yesterday. the upside surprise on cpi and jobless claims. lisa: yesterday was a fascinating litmus test. but was -- what is more important to the federal reserve and the market, inflation and the labor market? both are important but for different reasons. what you saw was more rate cuts being priced into the market by the federal reserve because of w

then, you know, goldman sachs, or bridgewater, or some other lead financial institution, and among their biggest customers, are governments. rosie calling to and wrote a book about this exact phenomenon. we know that spending on consulting companies pretty much everywhere and by governments has steadily increasing for the past few decades. management consultants have been hired to solve and economic crisis and costa rica design the smart city in kenya, or roller cove and vaccines. in france, an impressive track record, but some experts are warning, but the consulting industry isn't all it promises to be the consulting industry. it has expanded, not necessarily because it is able to create value for economies and societies for organizations. but actually, because it invested in the ability to create a, to create the illusion of bobby, to create the perception that is creating value. before we dive deeper, let's take a quick look at how we even got here late 18 hundreds. the 2nd industrial revolution companies like general electric start to employee engineers on a short term basis. the con

goldman sachs upgrading china stocks to overweight. let's bring in whitney shoe from tokyo. led giving stocks another left. will that extend to the mainland opening tomorrow? >> we are expecting a pretty strong reopen tomorrow for the onshore market. and that is playing a catch up to the strong hong kong shares rally we saw last week. there is so much more room to catch up. as we know, we have the ndrc presser tomorrow around 10:00 a.m. that timing is interesting. the onshore market is driven by retail investors. a sentiment is rising high for these investors who are opening up more new accounts and will be monitoring this presser for more details on the fiscal policy and the further details of the measures to boost the country's economy. we are expecting brokers to catch up a lot because that is pretty much the biggest gain or we saw in hong kong stocks last week. just today we saw hong kong stocks are also up your from a september loll, it is risen more than 30%. there is a lot of room for domestic investors to join the rally. over the last week and today so many other glob

they hired goldman sachs to review the options.are reviewing are all incoming offers from outside the company and including a pe firm and gxo did not look to sell on its own. big gain yesterday up double d digits. we'll continue to follow that story right here on "worldwide exchange." >>> turning now to the 2024 election. we are just 24 days away from election day and the race and key battleground states remains very tight. that includes pennsylvania where republicans are eyeing a key group that have long leaned to the left. emily wilkins has joined us for that story. >> reporter: that is most evident here in the must-win state of pennsylvania where a republican running for a critical house seat is touting his own union ties. rob bresnahan is a third generation electrical kr contractor. he created union jobs. he is part of a growing movement in the gop to appeal to union worker as if some unions are giving the party a chance. >> just because i have an "r" next to my name, doesn't mean i'm not for collective bargaining. i was a heal

on tuesday, getting earnings and numbers crossing from bank of america, citigroup and goldman sachs towe can build on that story. in terms of the context as to what their stocks are on heavy lifters being -- been coming through. you can see that mark on the friday session. you are still off the highs of 2021, so there is work to be done there, but in terms of the last two years up to two year highs. across two years you have gained around 50%. on friday, it give a lift to the s&p that had the fresh record high for the 45th time so far your today. jp morgan, net interest income coming in higher than had been expected and pushing back. jamie dimon did sound a word of caution. we will see what happens in terms of the get investment banking piece, because that was positive at jp morgan another transpires for other u.s. banks on tuesday and this week. let's let the board and have a look at the medical history around europe and the doldrums it is and i want to focus again shifts to the lift they can come through and the drive, the catalyst of the ecb fully expected by these markets to get ag

this is why goldman sachs has gone onto say, well, they actually see growth dropping -- becoming evenext couple of months in fact as well. goldman has cut the chance of a u.s. recession to 15%. that was previously around 25%. and that was really significant for them to do then. they're also saying they're going to see unemployment dip to 4.1%, of course, then. the latest employment data, ultimately eased recession fears for the market. and they felt like we're going to get to what is called this goldilocks situation then where you actually are able to bring down interest rates or inflation as much as possible and cut those interest rates as they were, but maintain that growth level as well as unemployment at around 4%. so, yeah, for now it seems goldman sachs agrees with the fed saying that thing said are still good in the u.s. economy. >> that soft landing within sight. so lastly a federal judge has ordered google to make it easier for developers of app stores to compete on android phones. what impact could this have on the tech industry writ large? >> well, one thing's for sure, rig

let's flip the board and have a look at an interesting and intriguing call from goldman sachs and their the opera formers of the s&p over recent years. on an annualized basis over the last decade, the s&p has performed about 13% on an annualized basis. goldman sachs, next decade, looking more out 3% because of competition of other asset classes including u.s. treasuries. at 3 p.m. u.k. time, the occlusive interview with christine lagarde. before that, we will be hearing from the asnl ceo from the bloomberg tech conference. you can catch that exclusive conversation just after 9:00 a.m. u.k. time. the opening trade is up next. stay with us. this is bloomberg. ♪ it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do