it was all about lloyd. the format today is going to be a conversation, and we are delighted to have as our interviewer john micklethwait. john is the editor in chief of bloomberg news, and you have seen him before. he is a member of the economic club of new york. we are proud to have him as a member and add our interviewer today. i would like to invite both lloyd and john to begin that conversation. [applause] >> as i do, and as they approach, i would just like to remind everyone that this is program that will be on the record. we have quite a bit of media, electronic and print that will be covering it today. begin. lloyd: i don't think of myself as sounding the way you made me sound. john: he was complaining throughout the speech. we are going to work through the world economy and maybe talk about finance, the future of goldman and anything you want to interrupt about. should we begin with the main economic news? you saw this morning china promising to fire back against the trump tariffs. are we in a trade

lloyd: it's in the news. it is, because of its size, but also because, more recently, their election of a more populist -- an unusual coalition. lloyd: well, getting more usual all the time very if you look -- time. if you look at what happened in central europe, the weakness of mrs. merkel in germany, i do want to merge these two things, but the financial risk of these countries and also the immigration issue, which creates some stress on establishment governments, which feed into the createsl crisis, that the geopolitical risk. john: especially what is happening to merkel at the moment, gc's population wave happening around the world linked immigration? lloyd: you can see this in the united states on our southern border. a horrible, tragic situation, but it is an immigration issue that -- the immigration debate has split the country. europe, dramatically and consequentially in a near -- in the near term, germany admitted a couple million people. some would say the right thing, but bad law. they are talking

david solomon is an investment banker like hank paulson, lloyd j case predecessor -- lloyd's predecessorsolomon came from bear stearns in 1999. david solomon is not goldman dna. you have to believe he has absorbed a lot of the culture. that is a question. what does it mean to have d in toy who is not dye the goldman sachs running the firm. what happens to people in non-revenue-generating positions like the cfo? like the general counsel? like sarah smith, who runs compliance? many of those people tend to survive transitions of power. lasted from hank paulson through lloyd blankfein 2013id not retire until and then subsequently joined the board. what is going to happen to those people? does david solomon want different people running those jobs or does it make more sense to have continuity in those positions because they are not about revenue, they are about stabilizing the ship. many of those people belong to the so-called federation. it is responsible for the support services. i don't have answers to those questions but those of the things that david solomon is going to have to decide an

and lloyds preciously responsible with pestilent going to belittle the are named in the lloyds report that are lists they've actually listed the guilty and a hold on those three things or talk about their first as the inquiry what you just talked about that is a dead end of this country number two would be criminal prosecutions they go to great lengths to prevent any criminal prosecutions any criminal indictments whatsoever because the law works in their favor and all the space laws work in their favor if you even suggest that they should be criminally indicted you can. be charged libel taken to court and thrown in jail by a banker because he doesn't like being called criminal you know they are criminals yeah so the third thing that would be public shaming is that that public shaming is there any appetite for that and do you think that might ever happen where you're start to see people publicly castigate these these these you know as a threesome i was just saying that oh the breakfast not going well you know we need cooperation against terrorists and like to release a baby put down th

an internal officer of lloyds bank was asked by the director of risk at the bank to investigate a few years in the bank she. must attend she did an amazing job wrote one hundred sixty page report. was then fired by the bank which then absolutely abused and or five years they have absolutely destroyed. she deserves all the credit for it the bank the government the regulator. you know we have the support for five years it's been kept secret police to put a copy and each and seize of a court piece but it's never committed the public domain the victims of never seen it so so r.b.s. in their option the dear r g group where as now we know better bali and torching and crashing blowing apart thirty thousand up to thirty thousand british businesses depth to seize those assets it's part of a orchestrate it smash and grab fine. natural terrorism avenue is that word in a while but it is exactly what it is so now you've kind of got the smoking gun err well there thing was that they regulate to spin investigating r.p.s. geology since two thousand and thirteen when i was last on the show and they fi

well our friend neil mitchell is in the news neil mitchell friend of kaiser report well lloyds under pressure as eight of us fraud report is published so there was an internal lloyds banking group report written by a former manager apa bank and published on tuesday alleges serious misconduct by the lender over the handling and disclosure fraud of this pos reading unit report written in twenty thirteen after the lloyds manager had taken her concerns to the police alleges h. bos executives knew of the fraud as early as two thousand and four and failed to properly disclose it with far reaching implications given lloyds takeover of h. boss in two thousand and nine it also states lawyers mishandled this investigation and disclosure of the fraud following that takeover now m.p.'s had pleaded with lawyers to please release this to the public please show the public which by the way has bailed out your bank and all the other banks and many of the other banks at least in the united kingdom in the certainly the financial system itself were bailed out by the inflation tax caused by the quantitat

how germany is going to benefit by this by making negative bets with friends like john paulson and lloyd blankfein against greece and then going the credit default swap and they make negative presidents grace and greece collapses and they make billions of dollars an hour by having greece be a basket case it keeps the euro cheap which helps germany which is a huge export powerhouse why that's a benefit to them now finally ten years later they say you know what germany did make billions of euros all the destruction of greece guess what germany is going to have billions and billions of pounds on the destruction of the u.k. that's big to do the k. it's the fourth reich as i said at the time it's being manifested in real time and there's recently who to cross through with mind who well it's worth also noting that you know you mentioned the export figures between the u.k. and europe it wasn't really that where the u.k. benefited the most where they benefited the most was as a sort of you know banking center from u.s. and china meets europe so they acted as a central clearinghouse for all of th

sachs outperformed under lloyd blankfein.ook at the bloomberg here. i do not understand why now he would have him pushing out in an ill -- inelegant way. >> you introduced the conversation by talking about the firm's earnings. goldman has been struggling in some areas. commodities and fixed income more broadly, it is overcapitalize in the business. in fixed income commodities and currencies as fast as morgan stanley recently. there is a sense that goldman needs to reinvent the business and more broadly reinvent the firm. why is product -- partly they are filling up banking operations comes something david solomon has been involved in. goingblankfein have -- fine having been there and 12 years, in the eyes of some people on board and at his age, may have run out of ideas for how took celery growth for goldman sachs and as fast as some people feel it needs to be done. scarlet: perhaps in a way goldman is going back to his roots as an investment banker. there were comments to say about the impending change? >> make things to say

lloyd: rosencrantz and -- mr. blankfein: rosencrantz and guildenstern, you cannot even play this lute and you want to play me? you are asking me what i would do in his place. i am certainly not sure what he would do in his place. but if you ask me, can i give a narrative about how this is a useful thing to do, i can't say as a lot of people do with respect to almost everything he does, this makes no sense at all. this does not make no sense to me at all. mr. micklethwait: if you look around the world of the moment, you have what we just talked about, the china situation, you have italy, it would seem, hell-bent on leaving are challenging the euro zone. you have brexit. you have argentina. you have turkey. you have the possibility of populists in mexico, and all of these things, yet the markets shrugged their shoulders. it is political risk. not really a factor now. mr. blankfein: two things separate them. a lot of the risk in the world, a big concentration of risk today is sovereign risk. you know, we are looking

we'll be right back with dennis lloyd!ittle nervous. there are so many expectations. like, on the sticker, "city mileage this, highway that." uh, that's a lot to live up to. but i heard no gas gets better mileage than chevron with techron. yeah, no better mileage. it's proven. so that's a confidence builder. it's proven; no gas gets better mileage than chevron with techron. care for your car. so much for my new car smell, guys. >> dicky: the jimmy kimmel live concert series is presented by mercedes- benz. the best or nothing. >> jimmy: thanks to mandy moore and elsie fisher. apologies to matt damon, we ran out of time. here with his single "nevermind," dennis lloyd! [ cheers and applause ] ♪ ♪ ♪ all right i took it on i took it on took it on oh baby ♪ ♪ all right i ask i ask you gonna be ♪ ♪ tonight i took you with took you with took you with me oh baby ♪ ♪ ♪ ♪ what if i left and it made no sense and you tell your friends and they hold your hands ♪ ♪ baby never mind never mind never mind never mind ♪ ♪ what if i left and i

he's not a trader like lloyd he's probably not a risk expert in management like lloyd goldman sachs isg into a commercial bank. the days of the great investment bank are probably over goldman sachs has been for ten years now a bank holding company, and it's going to have to live by the rules of commercial banking and probably the skills that david solomon brings are exactly what's needed at this moment and that's for probably by he recommended him and why the board of the directors went with him. >> before we talk about the future i want to talk about the past and lloyd i spoke to jeremy dimon earlier. and he said lloyd is a friend of mine and i congratulated him early this morning it mentioned there about lloyd's guiding goldman sachs through the financial crisis >> he did a fabulous job at goldman sachs. the stock price outperformed the stock index over that time goldman sachs performed tremendously during a financial crisis and goldman had among the best returns in the banking industry. having said that, it was not perfect. they didn't pivot until about two years ago. the last five

i want to read a couple things lloyd blankfein did tell me. when i'm feeling quite optimistic about our positioning. could it have been earlier, he said about the timing. could it have been later flip that screen around, if we could. you're going to see there, when things are going badly, you can't leave, and when things are going well, you don't want to leave. so if you're going to go out on your own steam, he says, it's always going to be at a moment when you don't want to leave and by the way, that's why people sometimes stay too long he continued on to say a number of other things. let me just bring up a couple other interesting comments that he had made to me just yesterday. interestingly, he said this is a period of time when i'm feeling quite optimistic about our position he said, i'm not tired, i'm well that's a particular illusion he had been diagnosed with cancer a couple years ago and went through treatment, and he says that he is healthy. he says, i'm not out of gas, but he says david is ripe and ready and the right guy. here's wha

sian lloyd, bbc news, cardiff. that's it. newsnight is coming up on bbc two. on bbc one, time for all the news where you are. have a very good night. hello and welcome to sportsday. i'm katherine downes. on his way back to the top? andy murray starts the scramble back from 832 in the world — he's on court in washington later tonight. tyson fury says a deal is almost done to take on wbc champion deontay wilder later this year. iama man of my i am a man of my word and if i say i will fight i i am a man of my word and if i say i will fight i will i am a man of my word and if i say i will fight i will fight i am a man of my word and if i say i will fight i will fight you. train hard, will fight i will fight you. train ha rd, let will fight i will fight you. train hard, let us get the deal done. and he says the last 2a hours have been a whirlwind since winning the tour de france — geraint thomas reflects on a life changing achievement. andy murray will return — again — from injury later tonight when he faces mackenzie mcdonald in the first round of the washington o

sian lloyd has been to skomer to find out more. 7 a thriving puffin population.r island is renowned for its wide range of sea birds, but the number of puffins breeding here is attracting international interest. they have been in decline in other parts of the uk and europe for decades, so much so that the species is now endangered. here, scientists have found it's a different picture. the population on skomer island has almost quadrupled in the last 30 years or so. that's great news for puffins in wales, and we're hoping to find out more about why those population changes are taking place, so that we can understand what might happen further into the future and maybe to help puffins more widely. and to do that, researchers are exploring their feeding patterns. it's really new, no—one's ever tracked the movements of puffins before in these places where i'm going to go. this tracking device is small enough to fix on to a puffin's back, and already the team has found that these tiny sea birds travel more than 90 miles a day to bring food back to the nest. we're not on

sian lloyd, bbc news, swansea.d to suspend the democratic unionist party's ian paisleyjunior after his failure to declare two family holidays paid for by the sri lankan government. his suspension lasts 30 days and he will be absent from some key votes on brexit, reducing the government's working majority. fracking at a site in lancashire has been given final approval by the government. the shale company cuadrilla has been given permission to go ahead with the controversial process at the site in preston new road. the company says fracking will bring economic benefits but opponents fear it will cause environmental damage. that is it from me. mike embley is here in 15 minutes. don't forget, you can get into with me. it would be great to hear from you. we will be great to hear from you. we will be back at the same usual time on newsday. now, of course, time to catch up with the sports news on sport today. see you soon. hello, this is sport today, live from the bbc sport centre. coming up on this programme: drama at th

first to william lloyd garrison. he took the train out, actually, in 1853, and as soon as he got back he started writing a series of reports that he published in his abolitionist newspaper. here's what he wrote: is it not on the american soil that the great debate, the conflict of the ages, is to be settled? i've to the equality of the human race, human brotherhood, the value of man as man, settled not as an abstract theory but by a practical recognition of the world's reconciling fact, settle. not with mountain order oceans intervening but with peeve over every kind and race standarding side-by-side, grouped together in one common locality, literally neighbors, daily, looking each other in the face and continually interchanging the kindness and courtesies of civilized life. as garrison wrote about people of ever climb and race standing side-by-side he was invasioning a grand imagined experiment, some ideal future. he was describing a reality that he knew existed across much of the great west. he was writing about a

how germany is going to benefit by this by making negative bets with friends like john paulson and lloyd blankfein against greece and then going the credit default swap and they make negative press against greece and greece collapses and they make billions of dollars an hour by having greece be a basket case it keeps the euro cheap which helps germany which is a huge export powerhouse why that's a benefit to them now finally ten years later they say you know what germany did make billions of euros all the destruction to greece guess what germany is going to billions and billions of pounds on the destruction of the u.k. that's big to do the k. it's the fourth reich as i said at the time it's being manifested in real time and there's recently who to cross through with my aunt who well it's worth also noting that you know you mentioned the export figures between the u.k. and europe it wasn't really that where the u.k. benefited the most where they benefited the most was as a sort of you know banking center from u.s. and china meets europe so they acted as a central clearing house for all of

lloyd's of london has changed dramatically over the years.used to be funded by lots of individuals who put their own money into points. that all changed a little bit a few years ago, before i joined five years ago. , is no longer% individual private names. who either insurance groups want to access the specialist business, or it might be some hedge funds, pension funds. people want to diversify their exposure and their investment portfolio. they are an important part because we are all about being innovative and entrepreneurial. a lab that'sing going to be looking at engaging , andinternet startups entrepreneurs. they will need backing. we will be doing lots of new stuff. >> did you always feel like you had the new chairman behind you, that he was ready with your policies and year innovation? >> i've hardly ever worked anywhere where you think the pace of the bosses is not fast enough. there is always that pressure, the goods are in a market and we have so many players to bring along with us. and we have customers who have been with us for ye

more on lloyd blankfein's likely successor.w york, this is bloomberg. ♪ >> "what'd you miss?" all eyes are on wall street earnings. goldman sachs is slated to report tomorrow before the open. joining us to help crunch the numbers, allison williams. hello. what are we looking for tomorrow? >> we are looking for a pretty strong quarter after some of the reports we have already seen. trading coming in better than expected. so, while the stock has been under pressure, with global trade concerns, we are seeing that is helping revenue because a lot of the uncertainty, a lot of the positioning that's been going on. lisa: how much emphasis will there be on the market's online lending platform? le we saw bank of america lend -- leaning heavily on that unit for its profits. what do we expect from goldman? alison: we expect to see relatively rapid growth from that unit buzz up -- unit, but, as a percentage of the whole, it's tiny. goldman sachs has been almost fully committed to the institutional core franchise. that has basically been th

reasons officials believe they may need more time for reunions in particular cases.attorney jesse lloydh american immigration lawyers association explains the challenge.sot: jesse lloyd, immigration lawyer// "logistially they have to identify the children who have been separated from their families and apparently theyre having problems with that initial step and then they have to find their families and then again they have to verify the family relationships aer what they are being claimed."friday, demonstrators camped outside the immigration and customs enforcement headquarters for a fifth day in san francisco against separating immigrant parents and their kids...while calling for the dismantiling of ice.the same day vice president mike pence doubled-down on the zero- tolerance policy implemented by ice agents at the border. sot: mike pence: "while i stand before you today, at a time when some people are actually calling for the abolition of ice. in this white house, let me be clear: we are with you 100 percent. and as the president said last night, for a fifth day demonstrators have c

blankfein's 12-year run. >> with lloyd blankfein pushed out of goldman sachs?at's the overwhelming sense that people have. why? because the secession played out so inelegantly. goldman has been struggling in some areas. commodities and fixed income more broadly. it is overcapitalize and hasn't been able to grow revenue. been fixed income commodities and currencies. so, there is a sense that goldman needs to reinvent that business and more broadly reinvent the firm. and lloyd blankfein having been there for 12 years in the eyes of some people on the board and at his age, may have run out of ideas for how to accelerate growth at goldman sachs and transform the firm as fast as some people feel it needs to be done. ♪ >> federal reserve chairman jay powell making it clear to congress he wants to stay in his lane and keep on the message of monetary policy. his message may have come with a caveat. jay powell said gradual rate hikes will continue for now. >> he is mostly concerned with the economy and not making waves for the markets. he noted very little about the big

for alternatives he came up with the idea of using post-mortem bone and cartilage donations nicole lloyd's had a motorbike accident after five operations on a knee she was still in pain a possible solution a cartilage and bone transplant. the treatment is still very much in the development stage and this is the only clinic in germany that offers it. in the operating theatre the donated knee is first cut exactly to size only a slim section of both cartilage on top will ultimately replace the damaged area of nicole lloyd says joint. and the tricky thing is trying to ensure that it's not too thick and that would mean that it wouldn't be sufficiently norrish or not nourished quickly enough but it also shouldn't be too thin otherwise it will break and cause complications. the surgeons base in hanover a still perfecting this highly complex operation. the light colored cartilage is the donated tissue and on the left the damaged cartilage the crucial thing is that the transplanted cells are alive gradually they're replaced by the patient's own cells. it's now recovering from the operation it seems

called lloyds is now recovering from the operation it seems to have gone well. i always hope i hope that it will come to feel like a normal knee and then i will be able to walk as far as i want to. as a cartilage transplant is only appropriate in certain cases. and at this point in time the operation is dependent on the patient's age and the size of the problem. and ultimately the patient's cartilage has to be intact in the area surrounding the damage and that means that this procedure isn't suitable for an arthritis sufferer at least in my opinion. but it's offering real hope to younger accident patients like you've a bit past he injured his knee in a car crash more than fifteen years ago and since then the problem has got worse and worse but. before the operation i was always in pain i could hardly walk up and down stairs anymore and cycling was also really painful i was always in pain one. of the. two months after the cartilage transplant and over the past is enjoying mobile again. i'm here in the main operating wing of the packing devices and meeting the hea

former british number onejohn lloyd.time champion venus williams had a scare on route to victory over alexandra dulgheru. the romanian won the first set, but williams bounced back to book her place in the third round in three sets. where she'll bejoined by karolina pliskova. it's the first time the former world number one has made it into the third round after beating two—time semi—finalist victoria azarenka in straight sets earlier today. 2016 runner—up milos raonic is through in the men's draw. he beat australianjohn millman in straight sets — with each of them going to tiebreakers. he'll face dennis novak next for a place in the last 16. as you know, this wimbledon is vying for attention alongside the events at the world cup in russia — plenty of talk here about england's epic win last night and of course their quarterfinal with sweden. there's plenty of swedish football fans here, and i spoke to men's doubles player robert linstedt and former world number one mats wilander about their thoughts on the big game. obviou

sian lloyd, bbc news, tredegar.ion characters the clangers, bagpuss and ivor the engine, has died at the age of 89. his career spanned more than 60 years, with the clangers first airing in 1969. in 2014 he was honoured with a bafta lifetime achievement award. a spokesman said he died at his home in kent after a short illness. andy murray has said he's pulling out of this year's wimbledon tournament, which begins tomorrow. he has onlyjust started playing again after 11 months out of action with a hip injury, our sports correspondent joe wilson reports. if there was the vaguest, remotest, wildest chance that this might happen again this month, well, maybe we'd all implore andy murray to give it a go at wimbledon. but he listens to his body, and to his medical team. and so his statement today read: at wimbledon, the queue digested that news. how heavy were the hearts there? it's a real shame. i think he's done so much for british tennis in the last ten years. you've got to appreciate where he's coming from, you know. h

he would take over for lloyd flank fine blankfein would probably stay on for an interim period.g us on the line is wilfred frost. what are you learning? >> contessa, yes interesting story and congrats to kate kelly for the scoop. i think we had expected this transition happened at some point this year. but probably late this year. so this midsummer transition sends them a bit of a surprise when i interviewed log back in april, he said there were a few things to learn before taking over interestingly, sources close to david solomon said to me that wasn't so much about learning the different parts of the business, him having been an investment banker, but more about learning the pipes of the business don't forget, harvey schwartz was cfo. that financial control of the business hasn't been something david as done. this timing means that lloyd and the board thinks that david has done that and he's totally ready to take over it's not clear what prompted gold man to formalize things this particular moment but that would be my take perhaps on why it would be hang now. what does it mean

sian lloyd has been to skomer to find out more. a thriving puffin population.r island is renowned for its wide range of sea birds, but the number of puffins breeding here is attracting international interest. they have been in decline in other parts of the uk and europe for decades, so much so that the species is now endangered. here, scientists have found it's a different picture. the population on skomer island has almost quadrupled in the last 30 years or so. that's great news for puffins in wales, and we're hoping to find out more about why those population changes are taking place, so that we can understand what might happen further into the future and maybe to help puffins more widely. and to do that, researchers are exploring their feeding patterns. it's really new, no—one‘s ever tracked the movements of puffins before in these places where i'm going to go. this tracking device is small enough to fix on to a puffin's back, and already the team has found that these tiny sea birds travel more than 90 miles a day to bring food back to the nest. we're not on

sian lloyd, bbc news, chelsea. melania trumpet playing bowls. incredible!eather. hello. welcome to the weekend, which will offer a bit of cloud and some rain to parts of scotland and northern ireland, whereas much of england and wales will stay dry. here's the rain—maker — this weak weather front coming in. but for saturday, it's just towards the far north, north—west of scotland. it will affect more of scotland and northern ireland on sunday, as we'll see in a moment. for many over the weekend there will be sunshine, there will be warmth. in fact, building warmth particularly across parts of england and wales. sunday looking even hotter in places. so a real range of weather this weekend. this is what it looks on saturday morning then. the cloud, some outbreaks of rain, far north—west of scotland, maybe willjust fringe into the west of northern ireland later in the day. yes, cloud increases ahead of that. but the further south and east you are in scotland and northern ireland there will be some sunny spells to be had. some cloud building in england and wale

right wing is the telegraph well look out this is their own sentence written in this article about lloyd's this report released by a kaiser report regular neil mitchell this is shows you the difference between the likes of kaiser report and the guardian here's their assessment the publication of this report comes at a sensitive time for lloyd's as it attempts to move past the painful legacy of missteps before and during the financial crisis right because it's why people tune in to report not because it makes printing gleeful unhappy it's because they don't want to hear people say oh these little missteps and it's very unfortunate the scottish business neil mitchell released this report exposing the fraud and the defrauding of the population of the u.k. well it's that these are just missteps the difference that they show the is the aristocracy is breathtakingly sheetrit and so i feel very bad about that meghan merkel woman meghan markham she married a prince she knows to live with the slime bags for her entire life and big spawn another slimy banking. stain. you made a bad choice and it's j

sian lloyd, bbc news, cardiff.or barcelona forward lionel messi who was captured showing off his skills with his dog hulk via his wife's instagram account. and it seems that even with his dog he doesn't take any prisoners putting the animal through its paces. hello again. love it or loathe it, it looks like the hot weather is set to return to south—east england towards the end of the week and the weekend as well. before we get there, though, we'll showers on monday. there will be further showers around today as well. of more immediate concern is this developing area of cloud towards the south—west approaches. this is going to reactivate a weatherfront, and during the early hours of tuesday, we will see showers widespread in southern england, wales, the midlands and one or two in northern england as well, but as well as those showers, there's going to be a clump of heavier rain that will probably become quite widespread across central, southern england, the south midlands and swinging into east anglia and south—east

what would it mean for lloyd blankfein and what does it mean now that investment banker will be at thestead of a trader? >> it matters absolutely. the trading desks are such an outside portion of revenue compared to the rest of wall street. there were some issues last year on the trading desk. investment banking right now if you look at the m&a league tables, for example, i do not believe goldman this number one. that is fairly rare. there is heightened competition. investment banking's across to your year-over-year -- across the street year-over-year, bank of america has been done. there are more boutiques on the street nowadays. how they get a share of the global m&a pool, equity capital markets, debt capital markets, david solomon has grown up in the leverage lending space as well and we are seeing leverage loan market superhot right now and competition is also heating up. we spoke about this earlier and it is not just m&a. we're going to want to see from david solomon what his intent is with the consumer businesses, which is new to everybody. there is going to be different phases w

following that decision announcement from lloyd blackfine that he will retire in october, i spoke tomant. he had this to say about blankfine. his greatest achievement, and it was guiding goldman sachs through the kriesds, particularly when you consider the fate of some of the other pure investment banks, whether it was lehman brothers that went under that had to be taken over. that comment coming exclusively to me from jaime navarroe jaimet >> jaime diamant doesn't look like de -- >> i'm sure he does not expect lloyd to popov the board tongue-in-cheek close. >> of course of course. wilfred frost. catch him on the closing bell later. speaking of big names, we have a big lineup for our eighth annual delivering alpha conference. that's tomorrow in new york. speakers including larry kudlow, mary, mark los angelesry, jonathan gray, jim chenos, howard marks we, by the way, will be there live tomorrow. we'll have jim chenos joining us as well. >> the company has gone through restrictiving. maybe it's not that quarter, but it's going to be the second half of the year. >> have we mentioned yo

believe lloyd williams is killed. he is shot through the eye, badly wounded. he is badly wounded, but they believe he is dead. they go ahead and say let the report go through, which identifies the marine corps. all of a sudden the papers all read the marine corps helped save france, and paris. the army as well, but it creates a sensation. it goes viral. what happens is belleau wood, instead of just a local attack, takes on nation significance. the germans see the papers, and they rush their best units into belleau wood to try to crush the marine corps. over the course of three weeks, there is very heavy fighting and casualties, but ultimately the marine corps and the army prevail at belleau wood. and the 49th company continues to advance. , you know, in a place that is a turning point in world war i, where the allies go on the counterattack or counteroffensive. they are able to turn the tide of battle. and the germans, the war is changing, changing nature of the war. the 49th fight through another l where thean migue americans go on a true offensive to take do

lloyd solomon will succeed lloyd blankfein as ceo in goldman sachs.he bank posco oldest new leader in almost half a century. is expected to pocket almost $85 million when he finally walks away. will be stepping down as ceo at the end of september. as chairman, i will retire from the firm at the end of the year. >> global news on air, 24 hours a day and at tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i am tom mackenzie. this is bloomberg. with trading underway in asia, let's take a look at what we should be watching. the market took those remarks from powell in stride. you can say, nothing to see, here. >> absolutely. a performance from powell. of theseof any meetings is to cause as little disruption to markets as possible. these events are not meant to surprise. the reaction showed he did not deliver any surprises. some were worried he might put a new, extra emphasis on trade. but not this is a risk, something that is going to suddenly derail monetary policy. overall, there was a strong performance. no b

his tenure, by the way, is likely to be half of lloyd's. >> that's right. >> david is in his mid 50sr. solomon is in his mid 50s at this point you would imagine seven years at the helm is likely tenure at this point we'll see what he's able to do from that period of time he's a banker. >> right that's where the big margins are. >> came over in '99, i think. >> i think that -- true confessions. a lot of my friends are retiring at major firms the reason why they're retiring is because they've gotten the directive that unless you want to maintain these fabulous people in their 50s you've got to step down and let them make the big money. fortunately most of the people doing this, i talked to, are so wealthy. don't cry for me argentina, brazil, belize, you know but you end up with a situation they had no choice age lot of people said, wait a second, lloyd is at the prime. lloyd is at the prime of his life what is he doing he's making it so the other people at the prime of their life don't leave it's what happens if you don't do this. i need people -- again, it's only because of commonalit

german capital in today we're at the city's landmark running for a special edition on the sell you lloyd city in on film the roaring twenty's the nazi era the cold war the fall of the berlin wall the cooling off today but lin has often been at the cutting edge of history and this is inspired numerous movies this is our definitive list the top ten movies so hold on sights and join us for a cinematic roller coaster ride through palin's turbulence past. when one and a number of places both motoring and the bustling metropolis where young this film is a declaration of love twenty four hours in the life of the city from saturday to sunday evening. the script is written by the city itself with a little help from legendary film director billy wilder. five young people meet up at the berlin like. they fall in love and they dream five of palin's four million inhabitants. number ten is a film in which palin and. of the stars. nineteen thirty one palin is dancing on the edge of the volcano. the city is a place of freedom and loose morals this is the ballin of cabaret the musical picks up because an

i know lloyd street was probably 2010, maybe 2011. and we're getting up here, and we're talking about -- and i said this in the hearing in december, one unit, single-family, or two units? and i come back, and i say, i don't really -- i looked at what actually transpired here, and i'm shocked. i'm actually shocked. i've never seen the building's -- chief been inspector get up here and say, this was submitted, did not exist. this was submitted, did not exist. it's nuts. and then mr. mavis, you got up and said, and some of the other speakers, we're being penalized for what some other people did. all these permits other than the bathroom one which i'll give you were after you purchased the house. i mean, it was your house in 2014. so you accept responsibility for all the misrepresentations, i'll call them lies, that you did. you know, section 303 of the planning code on conditional uses, subsection f, says conditional use abatement. the planning commission may consider the modification or placement of additional conditions on a conditiona

sian lloyd has been to skomer to find out more. ? a thriving puffin population.but the number of puffins breeding here is attracting international interest. they have been in decline in other parts of the uk and europe for decades, so much so that the species is now endangered. here, scientists have found its a different picture. the population on skomer island has almost quadrupled in the last 30 years or so. that's great news for puffins in wales, and we're hoping to find out more about why those population changes are taking place, so that we can understand what might happen further into the future and maybe to help puffins more widely. and to do that, researchers are exploring their feeding patterns. it's really new, no—one's ever tracked the movements of puffins before in these places where i'm going to go. this tracking device is small enough to fix on to a puffin's back, and already the team has found that these tiny sea birds travel more than 90 miles a day to bring food back to the nest. we're not only locking at where they're going, but with complex ana