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gorman sounded relaxed.ould compensate that with other moves into other parts of the business. what impacts are these higher costs having? we talk about the operating efficiency of these businesses will where are we in terms of this journey? is there an expectation it will peak or will it keep going? sonali: we still see a lot of reserve releases that are patting the bottom line. you do see headcount at wells fargo lower and bank of america as well lower. when it comes to investment, you wonder what the investment looks like. the investment in technology to compete for those consumer banks has been interesting to hear, not just the knowledge meant of competition but sometimes by name. let's see where that leaves them competitively when it comes to consumer market share as well as adding younger customers as well. alix: tomorrow you have goldman, what is the readthrough? sonali: the bar is so high. we saw such a jump in equities. kim goldman showed the same -- can goldman show the same? you cannot even see th
gorman sounded relaxed.ould compensate that with other moves into other parts of the business. what impacts are these higher costs having? we talk about the operating efficiency of these businesses will where are we in terms of this journey? is there an expectation it will peak or will it keep going? sonali: we still see a lot of reserve releases that are patting the bottom line. you do see headcount at wells fargo lower and bank of america as well lower. when it comes to investment, you wonder...
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jonathan: james gorman hurt us and is going to -- aims gorman heard -- james gorman heard us and is going sonali at 10:30 eastern. did he hear us? sonali: he heard us. he's having a good day. tom: if he comes on, can we talk australian football? jonathan: will sonali let us? lisa: no. [laughter] jonathan: i think this is the reason he is on at 10:30 and not with you and i and about 20 minutes. tom: first question, how do you like your vegemite? jonathan: run, sonali. this is bloomberg. ♪ leigh-ann: with the first word news, i'm leigh-ann gerrans. president biden is heading to global climate talks at the end of the month. he has embraced climate action as no other u.s. president has, promising to cut carbon and shift to electric cars. u.s. negotiators at the glasgow summit may have nothing to show other than promises of action. a down payment in funding to help poor countries fight climate change is unlikely to clear congress this month. the white house has once again said it will support former president trump's assertion of exec it if religion relate -- of executive privilege related to
jonathan: james gorman hurt us and is going to -- aims gorman heard -- james gorman heard us and is going sonali at 10:30 eastern. did he hear us? sonali: he heard us. he's having a good day. tom: if he comes on, can we talk australian football? jonathan: will sonali let us? lisa: no. [laughter] jonathan: i think this is the reason he is on at 10:30 and not with you and i and about 20 minutes. tom: first question, how do you like your vegemite? jonathan: run, sonali. this is bloomberg. ♪...
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chairman and ceo james gorman. welcome to "squawk on the street."s doing. >> happy to do it as long as you don't ask me to go on "jeopardy," jim. >> we're going to hold off on that that's a different subject you deserve to be on because what is the best wealth management business in the world? >> thank you. >> $300 billion in new money this year. what is happening that people can bring in $300 billion in wealth management? >> it's amazing. the team has done an unbelievable job we're managing over $4 trillion, nearly $4.5 trillion, with success comes success. we have a lot of clients who feel comfortable with the brand, the platform, the technology we've invested through e-trade it's all come together this has sort of been a dream for over a decade and we're seeing the fruits. 12 years ago, i think our assets were about $500 billion so they've gone up eight or nine times in that period and this is sticky money it's a great business. we're thrilled >> that's what i wanted to talk about. there's -- at one point morgan stanley before you came in had wha
chairman and ceo james gorman. welcome to "squawk on the street."s doing. >> happy to do it as long as you don't ask me to go on "jeopardy," jim. >> we're going to hold off on that that's a different subject you deserve to be on because what is the best wealth management business in the world? >> thank you. >> $300 billion in new money this year. what is happening that people can bring in $300 billion in wealth management? >> it's amazing. the...
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Oct 14, 2021
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morgan stanley chairman and ceo gyms gorman and our thanks to sonali basak. -- james gorman and our thingsak. let's talk about the numbers coming out of the banks. david, what do you make of what we just heard? david: they are not showing any real success. if you're beating the number because of reserves, the market is not quick to count that. they want to mirror the success with respect to their growth into the retail and asset management businesses which are less cyclical than your corporate investment banking and trading. alix: do you think the numbers we have seen for morgan stanley, like bringing in $1 billion in advisory fees, equity underwriting above $1 billion, is this the top or is there more room to boost when it comes to morgan stanley? david: great question. i thing are close to the top. it is difficult to ever call the top on anything but we are close. i also think the asset management businesses are close to a top in general. we have seen growth and profit growth purely by acquisition and scale. we wrote a position last week saying, distribution is not enough. these firms ar
morgan stanley chairman and ceo gyms gorman and our thanks to sonali basak. -- james gorman and our thingsak. let's talk about the numbers coming out of the banks. david, what do you make of what we just heard? david: they are not showing any real success. if you're beating the number because of reserves, the market is not quick to count that. they want to mirror the success with respect to their growth into the retail and asset management businesses which are less cyclical than your corporate...
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the likes of moynahan, james gorman, jamie dimon all thank price pressures may last.y chain chain bottlenecks and surging commodity prices. james gorman thinking the fed needs to hike rates to pick this bubble and take back some of what he calls free model -- free money. paul: right on cue, wall street has gone maximum bearish. estimating cga's are 100% short on everything from dollar to pound rates. exposures particularly intense in 10 year u.s. treasuries. be sure to tune into bloomberg radio to hear more from the big newsmakers and get in-depth analysis from the daybreak team. now broadcasting live from our studio in hong kong. you can listen to your app, radio plus or bloombergradio.com. plenty more to come. this is bloomberg. ♪ shery: take a look at commodities prices. still hanging around the highest level in a week. we saw winter stock piles coming in at less than was expected. that actually did give a little bit of a boost but still ended in negative territory. and it comes to iron ore, we continue to see the downside pressure. we saw from the world steel asso
the likes of moynahan, james gorman, jamie dimon all thank price pressures may last.y chain chain bottlenecks and surging commodity prices. james gorman thinking the fed needs to hike rates to pick this bubble and take back some of what he calls free model -- free money. paul: right on cue, wall street has gone maximum bearish. estimating cga's are 100% short on everything from dollar to pound rates. exposures particularly intense in 10 year u.s. treasuries. be sure to tune into bloomberg radio...
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lisa, james gorman darkens the door and a bit.will be an interesting conversation. >> especially because he had this to say about the fed taper. he said that it will obviously be a slightly more turbulent market going forward. they are not complacent about that, but because of the tapering, avon purchases which will happen at the end of the or, at least according to the meeting. this was a pretty powerful set of releases. there were a number of big takeaways. mosher biggest take away? tom: the magnitude of fear. we may get some difficult earnings, but i am not sure they are going to be, to use the phrase, the crater that so many people talk about. i could be wrong and that. lisa: for bank earnings, it is anything but that. my big takeaway was that advisory fees are knocked out of the fark -- part. and you are seeing that it is the bank of america side's credit card book expanding. it is really significant. it is a sign that some consumer growth and loan growth. that is a big deal. equity trading also knocking it out of the park. t
lisa, james gorman darkens the door and a bit.will be an interesting conversation. >> especially because he had this to say about the fed taper. he said that it will obviously be a slightly more turbulent market going forward. they are not complacent about that, but because of the tapering, avon purchases which will happen at the end of the or, at least according to the meeting. this was a pretty powerful set of releases. there were a number of big takeaways. mosher biggest take away?...
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our interview with james gorman is next.s is bloomberg. ♪ this halloween, xfinity rewards is offering up some spooky-good perks. like the chance to win a universal parks & resorts trip to hollywood or orlando to attend halloween horror nights. or xfinity rewards members, get the inside scoop on halloween kills. just say "watch with" into your voice remote for an exclusive live stream with jamie lee curtis. a q&a with me! join for free on the xfinity app. our thanks your rewards. shery: take a look at the markets trading right now. we are seeing the asx 200 gaining 7/10 of 1%. materials and tech stocks leading the gains. kiwi stocks gaining for a third session. the kiwi dollar becoming the best performer among the g10 currencies. commodities currencies gaining ground. the aussie is around that five-week high. nikkei futures up. the japanese yen a different story. around a three year low versus the u.s. dollar, the worst performer among the g10 in the past month. that is negative -- that negative yen trend getting more intense
our interview with james gorman is next.s is bloomberg. ♪ this halloween, xfinity rewards is offering up some spooky-good perks. like the chance to win a universal parks & resorts trip to hollywood or orlando to attend halloween horror nights. or xfinity rewards members, get the inside scoop on halloween kills. just say "watch with" into your voice remote for an exclusive live stream with jamie lee curtis. a q&a with me! join for free on the xfinity app. our thanks your...
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matt: morgan stanley ceo james was on earlier -- gorman was on earlier.e says inflation was not transitory, and in his view, the fed needs to pick the bubble and call for higher rates as soon as the first quarter of next year. is it likely the fed asked sooner than anticipated? blerina: that timeline seems a little ambitious based on what the fed has signaled so far. here is our read of recent fed communication. we know the bar to not taper is pretty high, and we know we will get an announcement in the next fomc meeting, with tapering starting in november or december. the fed's expectation is they will be done with asset purchases by the middle of next year. recent recognition on the side of the fed that there may be some risk to inflation running high or longer, so they want to maintain that optionality to tightening interest rates in the second half of next year. our baseline scenario is that we don't have interest rate increases from the fed until 2023. of course, the risks are we could have them starting sooner than expected. that sooner than expected
matt: morgan stanley ceo james was on earlier -- gorman was on earlier.e says inflation was not transitory, and in his view, the fed needs to pick the bubble and call for higher rates as soon as the first quarter of next year. is it likely the fed asked sooner than anticipated? blerina: that timeline seems a little ambitious based on what the fed has signaled so far. here is our read of recent fed communication. we know the bar to not taper is pretty high, and we know we will get an...
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Oct 8, 2021
10/21
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when you look at the dollar amounts i don't know art the way matt gorman does but i know it's not a big selling it is his name. >> you know, i think we would be used to it by now when we saw ivanka trump, the minute -- the day before she accepted a job in the white house, she filed for 17 licenses, trademark licenses with the chinese government and got all of those expedited by working at the white house. >> harris: i want to step in for a second. what i don't hear is your -- any kind of way talking about the president who is currently into the white house right now. this is his son and you can't google his son because of what comes up. go right ahead. that's the question. we're talking biden. >> i absolutely heard crickets. you want to hear from me? i wanted to hear from anyone on this station talking about donald trump and the $20 million plus in political donations to his hotels or the $1 million in taxpayer dollars that went to trump facilities so that donald trump could take detours and stay there lining his own pocket. >> >> bill: you are fixiateing on that. the topic now is the i
when you look at the dollar amounts i don't know art the way matt gorman does but i know it's not a big selling it is his name. >> you know, i think we would be used to it by now when we saw ivanka trump, the minute -- the day before she accepted a job in the white house, she filed for 17 licenses, trademark licenses with the chinese government and got all of those expedited by working at the white house. >> harris: i want to step in for a second. what i don't hear is your -- any...
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gorman is out of touch, and the percentage that's ethereum is actually 10, 15, 20.in part because the younger people don't believe in the dollar they watch the $4 trillion this and that, and they say this is a better investment than the dollar younger people just have -- i'm concerned. >> how about the news that the s.e.c. will not contest -- >> i think the short-term buying is elevating when the etf is creating, the idea is there will be a pop, and they can sell some of their bitcoin. there are some trading in the name, obviously. but the real blowback is maybe the older people are really out of touch >> we're going to find out it's been a long trip back to 60 the big board is -- [ cheers and applause [ bell ringing ] >> it's loud down here >> yesterday was a day that people said, maybe it's over i don't know if it's over, but there is excitement. if you listened to the goldman call, we're in aera where people are saying, you know what? you've got to own stocks >> well, they want to own them today. >> you know the south china -- you saw the papers saying that there
gorman is out of touch, and the percentage that's ethereum is actually 10, 15, 20.in part because the younger people don't believe in the dollar they watch the $4 trillion this and that, and they say this is a better investment than the dollar younger people just have -- i'm concerned. >> how about the news that the s.e.c. will not contest -- >> i think the short-term buying is elevating when the etf is creating, the idea is there will be a pop, and they can sell some of their...
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anna: james gorman, what the fed, in his view, should be doing.ash with the latest corporate stories. here's laura. laura: in a watershed moment for cryptocurrencies, they are poised to allow the first bitcoin futures etf's to begin trading next week. unlike etf applications the ftt previously rejected, the proposals are based on future contracts. the ets were filed under mutual rules that they provide "significant investment protections." microsoft is setting a significantly more challenging operating environment and raise her complaint requirements. the service has around 52 million users. it makes linkedin the latest major u.s. social network on the mainland. virgin galactic is pushing the start of commercial flights further into next year after scheduling attack flight, disciplining investors -- a tech flight, disappointing investors, an upgrade is taking longer than anticipated, delaying commercial take off into the final three months of 2022. that your bloomberg business flash. anna? anna: thank you laura wright. coming up, we've been hearin
anna: james gorman, what the fed, in his view, should be doing.ash with the latest corporate stories. here's laura. laura: in a watershed moment for cryptocurrencies, they are poised to allow the first bitcoin futures etf's to begin trading next week. unlike etf applications the ftt previously rejected, the proposals are based on future contracts. the ets were filed under mutual rules that they provide "significant investment protections." microsoft is setting a significantly more...
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to go get the fordable rate of this particular 50 top is the best quick left company to release gorman's government for so, so we could have students will assess one percent less guitar. let me put that i put a to political and publicly told you sitting, you know, they will know if you live jeff, it'll get older, a b, s. he will be in the web and got the list and some of the, as mrs. can in 20 days politicos from 9450. now in this m b n t. and then also got a report for metro and billy gather. but one documented they put them into the home telephone meals, even though i'm not mistaken. cuz i left you another content medical graphical al can be that we're not today a little bit at least yes. a question other people we got and this will, this with electrolux he's one way to look is that unless you're going in medical does matter, but i'll just give them put it over. but i can, there's no you, i don't think we thought of it being local payment, so we'll get, we're not released by the school because it can be done in the central medical it's, it's in the is that the is but i mean, he knows t
to go get the fordable rate of this particular 50 top is the best quick left company to release gorman's government for so, so we could have students will assess one percent less guitar. let me put that i put a to political and publicly told you sitting, you know, they will know if you live jeff, it'll get older, a b, s. he will be in the web and got the list and some of the, as mrs. can in 20 days politicos from 9450. now in this m b n t. and then also got a report for metro and billy gather....
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i mean, at genes gorman, con, guerria and orders national. they hate to crush it in the late eighties and early nights and that was fine with the you, you know, they said table earth thinks about it, that was fine. which is, it is very typical situation for our to liberals, you know, do they, your entrepreneurs are all the surface. they are for understanding between people's own migration, mixed marriages as well. they fight large caucus, which other alienness such as china and russia. now they look for minorities, they look for discontent, neighbors, and suddenly these out liberals ally themselves to all been nancy's. and while these minorities and these just contain a neighbors, you know, the, and let me just remind you, they used gratian, fascist, again serves in yugoslavia. they used a ukranian nationalist against a russian speaking population in ukraine. they use now wiggle muslim fundamentalist against china. so that the problem with the orbit and kuchinski is that they didn't change and the front line moved east, so they're no longer n
i mean, at genes gorman, con, guerria and orders national. they hate to crush it in the late eighties and early nights and that was fine with the you, you know, they said table earth thinks about it, that was fine. which is, it is very typical situation for our to liberals, you know, do they, your entrepreneurs are all the surface. they are for understanding between people's own migration, mixed marriages as well. they fight large caucus, which other alienness such as china and russia. now they...
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the cop 15 gorman's were prince charles surgeon, being under. now let me put him, we're at and what was that for a view as you may not have heard about it, because even prince charles speech at the conference in co, 15 conference in china wasn't covered here. arguably. thank you for having me. i think that just as you said, now it's called wendy. is the new k show. so back in 10 to 15 and that's a french show, right. so it was in paris and of course there were local politics, so geo politics involved. so i wouldn't be surprised why you probably didn't really pay attention, you know, back then. but other than that, i don't think it's a big deal, but it was about by diversity. right? oh, yes, i was interested more last week actually. so that was coming tyna. so china surprises nancy of the by diversity conservation clinical 15 as a new that's actually you can trying to come in to work very closely with each other. not just for diplomatic purpose, but more importantly because the 2 issues are so much connected to the back up by scientific research
the cop 15 gorman's were prince charles surgeon, being under. now let me put him, we're at and what was that for a view as you may not have heard about it, because even prince charles speech at the conference in co, 15 conference in china wasn't covered here. arguably. thank you for having me. i think that just as you said, now it's called wendy. is the new k show. so back in 10 to 15 and that's a french show, right. so it was in paris and of course there were local politics, so geo politics...
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. >> even gorman i was counting on gorman. >> people weren't showing up. >> >> i have twitter down a lot. >> which is so weird. >> again, the simple size and scale of these organizations is almost hard to comprehend. when exxon mobil had a $10 billion earnings, that was $65 billion revenues, $21 billion in operating income ad revenue is up 44% they've gone a beneficiary -- didn't seem to have as much of an impact on twitter. youtube revenues were 7.2 -- netflix's revenues were 7.5 netflix trades at ten times the revenues. >> this quarter was -- which was greeted with a 2.5% decline, can i just announce that if anybody traded that down 2.5%, shame on you. they probably would go to 7. i just -- you have to understand, this company literally has more business than it can handle. small, medium-size business using search is without a doubt the sing the best way to get customers, even better than instagram. >> that's why the ad revenue was the best in 14 years. >> incredible. >> when zuckerberg comes out tomorrow appeared does the m metaverse, i need a store. >> what's he going to do tomor
. >> even gorman i was counting on gorman. >> people weren't showing up. >> >> i have twitter down a lot. >> which is so weird. >> again, the simple size and scale of these organizations is almost hard to comprehend. when exxon mobil had a $10 billion earnings, that was $65 billion revenues, $21 billion in operating income ad revenue is up 44% they've gone a beneficiary -- didn't seem to have as much of an impact on twitter. youtube revenues were 7.2 --...
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listen, if this guy is getting people in four days a week -- >> we have to talk to james gorman >> gormanne, they all want people in five days a week, but i think they're losing the battle on fridays. >> oil companies have to only work two days a week and it's fine. >> went to come back to hta? i talked a bit about it on friday, but elliott -- health care trust of america, one of the largest investors. >> i totally. >> they want to buy you, trading below, you don't have a ceo, but they spent a lot of -- >> they're doing medical -- >> those are not one of the names i have. >> this is behind the scenes, people, this is what we do. >> blackstone, health peak, well tower. >> i think aventos is -- >> that's not on my list from friday. >> then forget that one. >> you don't like walmart. >> their partners, good --they could sell branded >> well, uh, not bad i want a lifetime value, then you can figure out what it's worth, because we have all these different fee that is we pay -- i don't know, 3:30 a.m., this epic decision there's an unbelievable ad about making movies on this i've been making mo
listen, if this guy is getting people in four days a week -- >> we have to talk to james gorman >> gormanne, they all want people in five days a week, but i think they're losing the battle on fridays. >> oil companies have to only work two days a week and it's fine. >> went to come back to hta? i talked a bit about it on friday, but elliott -- health care trust of america, one of the largest investors. >> i totally. >> they want to buy you, trading below, you...
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i don't know how many of you have seen this river mike gorman a historian with the park service called these insult to reverse. [laughter] and it is and if you look at it, you're like what's the problem with this, just a couple of streams well, a few little streams surrounded by about a mile wide muck, sticks, tics, and he has high banks on either side and when it rains, it feels rapidly and it turns into a river so it is hard to get men across much less hard to artillery and why gets was a real problem and he wants to get behind best enforcement: to come up through the peninsula away from the protection of its gunboats and the james river and the york river and stretches supply line because he knows he's going to have to get this at some time and is gotta be a time to his advantage because he is outnumbered and outgunned but he has to get mcclellan some time. he will pull back, and mcclellan follows him and he can see what happens, mcclellan will somewhere near the franklin importer on the other side of the river and across the river and the first thing that popped in my mind is what
i don't know how many of you have seen this river mike gorman a historian with the park service called these insult to reverse. [laughter] and it is and if you look at it, you're like what's the problem with this, just a couple of streams well, a few little streams surrounded by about a mile wide muck, sticks, tics, and he has high banks on either side and when it rains, it feels rapidly and it turns into a river so it is hard to get men across much less hard to artillery and why gets was a...
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Oct 15, 2021
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we talked to james gorman yesterday.are hiring, and goldman sachs will be saying the same thing. alix: people on the street, do they think that this is the top for these guys? the best news is priced in? sonali: there is a real worry about that, but volatility is not always a bad thing. morgan stanley said fixed income was weaker mostly because credit spreads were tighter. a little bit of trouble might not be such a bad inc. for some of these businesses. we know that underwriting has continued at a fast clip. their clients, both are huge bankers to the private equity industry, which is sitting on so much dry powder. guy: what is the key question? sonali: comp. at this point it is about talent, to your point. the numbers are good, let's see if it can continue. guy: thank you for spending time with us. her interview later today with david solomon, the goldman sachs chairman and ceo, will be a must watch here on bloomberg television. let's turn our attention to the production line for the likes of goldman sachs. being named
we talked to james gorman yesterday.are hiring, and goldman sachs will be saying the same thing. alix: people on the street, do they think that this is the top for these guys? the best news is priced in? sonali: there is a real worry about that, but volatility is not always a bad thing. morgan stanley said fixed income was weaker mostly because credit spreads were tighter. a little bit of trouble might not be such a bad inc. for some of these businesses. we know that underwriting has continued...
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Oct 23, 2021
10/21
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joining us to react mat gorman and matt bennett. we will try to keep it straight.nation status. i want to show you what in and out had to say about this. we refuse to become the vaccination police for any government. it is unreasonable, inveighsive and unsafe to force our restaurant associates to segregate customers into those who may be served and those who may not or based on the documentation they carry or any other reason. this is from chain's chief legal and business officer. so is this government overreach? i want to start with you, matt bennett, your thoughts on this? do you side with the government on this or with in and out burger? >> i side with the public health officials who say that's necessary in san francisco which was one of the original points of the outbreak. we lost more than 700,000 americans to covid. we've lost more than 500 children to covid and we lose 1600 more every week even though things are getting better, slightly, we are still in the grip of a horrible, horrible pandemic. molly: i thought that you were done. matt, is this government o
joining us to react mat gorman and matt bennett. we will try to keep it straight.nation status. i want to show you what in and out had to say about this. we refuse to become the vaccination police for any government. it is unreasonable, inveighsive and unsafe to force our restaurant associates to segregate customers into those who may be served and those who may not or based on the documentation they carry or any other reason. this is from chain's chief legal and business officer. so is this...
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jonathan: that was the morgan stanley ceo james gorman and the bank of america ceo and the wells fargothose guys are dialed in. they know what is going on in the world of corporations and what they are dealing with. they are pushing back hard this week. your equity market up 50. yields higher three basis points to 1.54 on 10. crude positive. rallying .9%. through 85 earlier on brent. here's the story for bitcoin. why don't i quit -- why don't i quote bitcoin often? every time i quote it the price changes. up about 3% on the session this morning. report from us indicated the sec looks poised to allow the countries first futures based cryptocurrency etf in america. it is about institutional acceptance. just temper volatility and to help things go moving forward. that is the story. michael: is institutional -- tom: is institutional acceptance. certainly the imf and others are working on that. what does it do about the cross-border of bitcoin? what does it do about the tax reporting of bitcoin? jonathan: i don't know if i gave you an opinion i would just be guessing. that is where things s
jonathan: that was the morgan stanley ceo james gorman and the bank of america ceo and the wells fargothose guys are dialed in. they know what is going on in the world of corporations and what they are dealing with. they are pushing back hard this week. your equity market up 50. yields higher three basis points to 1.54 on 10. crude positive. rallying .9%. through 85 earlier on brent. here's the story for bitcoin. why don't i quit -- why don't i quote bitcoin often? every time i quote it the...
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Oct 20, 2021
10/21
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power panel now, matt gorman former rnc communications director, crystal knight former critical directores usa. how troubling is this, matt? you've done a lot of messaging. what would you say about this? >> it should be troubling. we're clearly worse off than we were a year ago. the key is this, right? biden is not leading. his white house is not leading or shaping events they're responding to them. a good example is this. when asked to confront an issue or change an issue, they seek to change how the media portrays it, not the issue itself. we saw quibbling over not middle of the night flights, early morning flights. if the supply chain issue, it is a bunch of treadmills. not a crisis at the border, it's a challenge or problem. they play the word games or semantic games. they can't tackle the issue itself. that's a bad sign for where they are going. >> harris: they are going to need some new messaging. crystal, what is your rebuttal? >> we have to remember in october 2017 trump's approval rating was 38%. this is not unusual for a president his first term battling multiple crises that we
power panel now, matt gorman former rnc communications director, crystal knight former critical directores usa. how troubling is this, matt? you've done a lot of messaging. what would you say about this? >> it should be troubling. we're clearly worse off than we were a year ago. the key is this, right? biden is not leading. his white house is not leading or shaping events they're responding to them. a good example is this. when asked to confront an issue or change an issue, they seek to...
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Oct 21, 2021
10/21
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BLOOMBERG
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james gorman is saying there should be a fed hike next year in the third quarter.nuses are coming in, but should you be asking for more? lisa: what will the private shops look like in say five years, looking at apollo targeting more than $1 trillion in line with what blackstone is looking for? sonali: i was listening to apollo yesterday and hours this week you see mark rowen take the stage. it was interesting to see this buyout shop and distressed investor going to what is mainly retirement services in a big way. then you have them competing on another scale. his retirement services going along the road of apollo in the future or continuing on the future of blackrock? lisa: this really goes to the heart of returns. the whole idea was bigger returns, less liquid assets. how much will bigger returns get to be smaller bigger returns as everyone piles in? sonali: smaller bigger returns and there is a big pitch, fixed income replacement. you have large, traditional investors who can only limit that amount that goes into those higher fee businesses that are largely in fu
james gorman is saying there should be a fed hike next year in the third quarter.nuses are coming in, but should you be asking for more? lisa: what will the private shops look like in say five years, looking at apollo targeting more than $1 trillion in line with what blackstone is looking for? sonali: i was listening to apollo yesterday and hours this week you see mark rowen take the stage. it was interesting to see this buyout shop and distressed investor going to what is mainly retirement...
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Oct 14, 2021
10/21
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CNNW
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. >> i want to see amanda gorman go into space and coming back with some sort of poem that's amazing.k we're missing a big part of what civilization could say about being in space. space should not be the perch of the privileged few or the privile privileged billionaires. we're witnessing the birth of an entire economy, industry. you're watching a hundred years ago people fiddle over their airplanes, trying to turn them into something that can take more than one passenger. >> the thing that interests me with jeff bezos is this notion he has of building a infrastructure for space. he can build amazon because the postal service already existed and fedex already existed, there was an infrastructure. he said if some really smart kid in a dorm room, in a college campus right now has an amazing idea to do something in space, without an infrastructure you can't really do it at this stage and he hopes to be part of building that infrastructure, which if that is actually what he's doing, i think that's a really fascinating concept. >> that's part of the birth of a new entity. by the way, elon
. >> i want to see amanda gorman go into space and coming back with some sort of poem that's amazing.k we're missing a big part of what civilization could say about being in space. space should not be the perch of the privileged few or the privile privileged billionaires. we're witnessing the birth of an entire economy, industry. you're watching a hundred years ago people fiddle over their airplanes, trying to turn them into something that can take more than one passenger. >> the...
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Oct 18, 2021
10/21
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KNTV
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year-old zahara, who checked out photos on katy's phone and posed alongside inauguration star amanda gorman>> giving a speech in amanda's honor, angelina introduced the youth poet laureate, who presented her poem "we rise." >> everyone's eyes are on us as we rise. today is the day. women are paving the way. >> it was an impassioned performance reminiscent of the inauguration day appearance that propelled amanda into the spotlight. >> by the way, everyone is fan-girling over you tonight. >> that is incredible because i'm just here fan-girling, trying not to throw up. so, i'm like, "please, save it for katy perry." >> you know it's real when you feel like that. that's a true fan girl. okay, now to some big news from jerry seinfeld. >> oh, it's the biggest news, sibley. it is, indeed. it's been over 30 years since "seinfeld" premiered on nbc, and now it's finding a new home on netflix. it sounds like a lot of money to me. jerry took us through the show's history-making moments, and mario lopez has the story. >> when we put the show together, i thought, "this will be a boutique, eccentric, acqu
year-old zahara, who checked out photos on katy's phone and posed alongside inauguration star amanda gorman>> giving a speech in amanda's honor, angelina introduced the youth poet laureate, who presented her poem "we rise." >> everyone's eyes are on us as we rise. today is the day. women are paving the way. >> it was an impassioned performance reminiscent of the inauguration day appearance that propelled amanda into the spotlight. >> by the way, everyone is...
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Oct 14, 2021
10/21
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CNNW
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. >> i want to see amanda gorman going to space, and coming back with some sort of poem that's, you knowd i think we're -- we're missing a big part of what civilization could say about being in space. space should not be the -- the perch of the privileged few. or the privileged billionaires. and i see over the coming years, that right now we are bearing witness to the birth of an entire economy. an entire industry. i mean, imagine 100 years ago, you're watching people fiddle over their airplanes trying to turn them into something that can carry more than just one passenger. and i feel the same way. like we're -- we're witnessing the birth of an entire new marketplace. >> the thing that interests me about what jeff bezos is doing with blue origin is this notion he has for building this infrastructure for space and i heard him talk about this. he said he could build amazon because the postal service already existed. fedex already existed. there was an infrastructure. and he says, you know, if some really smart kid in a dorm room somewhere on a college campus right now has an amazing idea a
. >> i want to see amanda gorman going to space, and coming back with some sort of poem that's, you knowd i think we're -- we're missing a big part of what civilization could say about being in space. space should not be the -- the perch of the privileged few. or the privileged billionaires. and i see over the coming years, that right now we are bearing witness to the birth of an entire economy. an entire industry. i mean, imagine 100 years ago, you're watching people fiddle over their...
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Oct 18, 2021
10/21
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BLOOMBERG
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gorman saxes capping the u.s. investment rate bond market with a $9 billion sale.are told the bank is issuing debt in five parts. sources tell us it will mature in 2032, and will yield 105 basis points of treasury. apple unveils its biggest overhaul in years. we will discuss with asia senior research manager. this is bloomberg. vonnie: this is daybreak: asia. prime minister boris johnson says is not about to reject offers of chinese investment despite the concerns of some of his own lawmakers. decisions to bar chinese companies could hamper communications and condemnation of china's human rights record has soured. johnson says he remains pro-china. >> i am not going to tell you that the u.k. government is going to pitchfork away every overture from china. of course, not. china is a gigantic part of our economic life and will be for a long time, for our lifetimes. that does not mean that we should be naive. vonnie: china's communist party will convene for the first time in a more than a year from november 8 to 11. plenary sessions are typically the most important ev
gorman saxes capping the u.s. investment rate bond market with a $9 billion sale.are told the bank is issuing debt in five parts. sources tell us it will mature in 2032, and will yield 105 basis points of treasury. apple unveils its biggest overhaul in years. we will discuss with asia senior research manager. this is bloomberg. vonnie: this is daybreak: asia. prime minister boris johnson says is not about to reject offers of chinese investment despite the concerns of some of his own lawmakers....
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Oct 12, 2021
10/21
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CNBC
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james gorman want them in the office five days a week -- >> if the nfl -- >> maybe they're getting close to goldman sachs friday is no-go territory. and most companies are going to be three two or two three. if you do not offer them that flexibility of workplace, they will go somewhere else, period. >> good luck >> a lot of ceos have said exactly that and now they're saying, i was wrong. i got to offer flexibility that's what i'm wearing. we may look at 36 and maybe it will get to 50 or 75 during three days of the week but what it actually means for a lot of downtown areas and cities and certainly this one and many others is going to be very significant question for their economic development you're not going to have the same amount of people coming. >> six days a week was right and now i think there's room, carl, for some companies -- you want to make a lot of money? come five days no zoom. we're going to ban zoom. we'll ban webex, teams, we're going to ban facetime. >> amazon, which had been definitely in the you're coming back camp, andy jassy said innovation can't happen remotely now
james gorman want them in the office five days a week -- >> if the nfl -- >> maybe they're getting close to goldman sachs friday is no-go territory. and most companies are going to be three two or two three. if you do not offer them that flexibility of workplace, they will go somewhere else, period. >> good luck >> a lot of ceos have said exactly that and now they're saying, i was wrong. i got to offer flexibility that's what i'm wearing. we may look at 36 and maybe it...
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what a lovely message from amanda gorman, youngest inaugural poet in history. >> we're going to shareh readers. >> i thought this book was so smart, so witty. >> throughout the become she showed us she had a silent strength. >> reporter: sparking engaging interviews with breakout authors, 16 of our picks instant "the new york times" best-sellers. "the midnight library," matt haig, 43 weeks and counting. >> it was an honor to have been picked as part of your amazing book club. >> reporter: many address timely issues like brit bennett's "the vanishing half" which explores racial identity between twin sister. >> since becoming a "gma" book club author it debuted number one on "the new york times" best-seller's list. >> "of woman and salt" capturing the complexities of immigration in the u.s. >> best part of being a pick by far is just connecting to a whole new community of readers. >> readers meet characters like bell e da costa greene. >> the best part is -- >> we got to introduce belle da costa greene's magic to readers robe nearly 46,000 bookworms connecting with authors like "the pus
what a lovely message from amanda gorman, youngest inaugural poet in history. >> we're going to shareh readers. >> i thought this book was so smart, so witty. >> throughout the become she showed us she had a silent strength. >> reporter: sparking engaging interviews with breakout authors, 16 of our picks instant "the new york times" best-sellers. "the midnight library," matt haig, 43 weeks and counting. >> it was an honor to have been picked as...
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Oct 14, 2021
10/21
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CSPAN2
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gorman is recognized for five minutes. >> thank you chairwoman maloney and administrator criswell thank you for coming. if i could address your answer to congressman higgins but before i do that ms. criswell you talk about crisis, we have a crisis on the border. in seven months we have had over 170,000 illegals cross the border. it's a medical and military crisis crisis. the bad inflation crisis but ask any american who's paying 40 and 50% more for gas -- we have a military crisis in afghanistan at 13 dead marines and americans left behind. we have got crazies and the sequestration has simply not address them. chairwoman maloney as has been mentioned we have sent three letters having testified before us different people. whyte is -- why is general mille not the forest answer questions and why is janet yellen not here answering questions? it's just words. you could not give the answer that you gave. he asked you questions about 2020 that have not been addressed and you said you would address specifics but why the delay? and congressman norman recovery takes a long time and it's complicat
gorman is recognized for five minutes. >> thank you chairwoman maloney and administrator criswell thank you for coming. if i could address your answer to congressman higgins but before i do that ms. criswell you talk about crisis, we have a crisis on the border. in seven months we have had over 170,000 illegals cross the border. it's a medical and military crisis crisis. the bad inflation crisis but ask any american who's paying 40 and 50% more for gas -- we have a military crisis in...
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Oct 14, 2021
10/21
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FBC
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lauren: morgan stanley ceo, james gorman, crypto is not a fad but he says they're not seeing huge demandocurrency is not a fad. coinbase the exchange up almost 4%. stuart: beyond meat. lauren: the mixed plant. mcdonald's next month is testing a plant-based burger in markets like texas an iowa? let me know how that works out. instead of beef you get beef, potatoes and rice. stuart: texas, iowa, where they're testing mcplant burger? lauren: imagine someone in texas ordering a mcplant. correct me if i'm wrong. stuart: in austin, do a great business. lauren: what about iowa, come on? we're in iowa ordering a mcplant. stuart: probably not. mark cuban says, what is he saying about crypto? which crypto has the most upside? what is it? lauren: he likes ethereum, unlike bitcoin this is not alternative monetary system. he thinks ethereum is a disruptor. he likes the blockchain it is on. likens it to the internet boom in the 1990s. it allows for innovation. how much he owns do you want to know? stuart: how much he owns? lauren: back in april he said portfolio is 30% ethereum, 50% bitcoin and the re
lauren: morgan stanley ceo, james gorman, crypto is not a fad but he says they're not seeing huge demandocurrency is not a fad. coinbase the exchange up almost 4%. stuart: beyond meat. lauren: the mixed plant. mcdonald's next month is testing a plant-based burger in markets like texas an iowa? let me know how that works out. instead of beef you get beef, potatoes and rice. stuart: texas, iowa, where they're testing mcplant burger? lauren: imagine someone in texas ordering a mcplant. correct me...
SFGTV: San Francisco Government Television
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Oct 3, 2021
10/21
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SFGTV
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. >> chair: thank you so much miss gorman. something tells me we may see you again.can you pleasecall item 8 ? >> item 8 resolution authorizing approval of a telecommunicationsfacility on a portion of the roof of 375 laguna on the boulevard . >> chair: welcome back. >> thank you again.i will have a quick powerpoint presentation here. this is a renewal of an existing city as landlord telecommunications lease with at&t doing business as new cingular wireless at 375 laguna honda boulevard. the lease was approved in 1997, commenced in 1997 for a 20 year term and has been on month-to-month old persons april 2017. during this time the parties were negotiating 2 leases: this one and the one at 268 golden gate avenue which was approved june23, 2020 . that lease would have been used as a template and a base for this lease in terms of language and base rent. what i'm showing you and i'll do it quickly is basically where the equipment and attendants are you can't really see them from the ground . they are very small and are basically on the rooftop and wallareas on the roof .th
. >> chair: thank you so much miss gorman. something tells me we may see you again.can you pleasecall item 8 ? >> item 8 resolution authorizing approval of a telecommunicationsfacility on a portion of the roof of 375 laguna on the boulevard . >> chair: welcome back. >> thank you again.i will have a quick powerpoint presentation here. this is a renewal of an existing city as landlord telecommunications lease with at&t doing business as new cingular wireless at 375...
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Oct 14, 2021
10/21
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CNBC
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core ppi runs a bit cool we finally have jobless claims below 300k our first interview is with james gormanto alleviate the ongoing supply chain pain ahead of the holiday shopping season. >>> who is mad
core ppi runs a bit cool we finally have jobless claims below 300k our first interview is with james gormanto alleviate the ongoing supply chain pain ahead of the holiday shopping season. >>> who is mad