there you taken aback by lloyd blankfein lines of the world and the reaction to that order?iness relies on predictability and transparency. people are confused as to what that means. the reason that man was elected because that segment of america is fed up with the elitists, including the business even eat us, with business as normal. i don't know why anybody expects anything different. this man is doing what he said. he is communicating in a harsh way. we expected something different because people tell us to expect something different, so why should people have expected anything different? >> what is upsetting at the moment? the policy of immigration, if you talk to the arabs themselves, it is a ban, but saying we will have a timeout and go to our country counterparts and analyze and say you have to help us. it's not refugees causing the problem. it is the exporting of what people consider radicalism, but the only way to end radicalism is to end goodism. mosquese imams and good curating the refugees who come here. immigration and security are major focus this week, investo

lloyd blankfein, his holding in goldman sachs soaring $146 million since november 7th.amie dimon, close behind gaining $116 million from his jpmorgan shares. apple ceo tim cook, gaining just $23 million. now, why is there such a lead for these two guys? it is not just that bank stocks have outperformed. if we broaden out to the other big banks outside of the dow, blankfein and dimon are still way ahead. him sloan, james gorman and brian moynihan have $7 million of gains. why are blankfein and dimon so far ahead? it it how they have managed to build up such large stakes in answer lutd si absolute side. jamie dimon has also purchased half a million additional shares himself in recent years. there may be some criticism given the presence of former goldman sachs alumni in the cabinet, but most of the gains have become because of bank share price gains because of the yield curve move rather than specific policies. and it's encouraging to see ceos so tied to the fortunes of the companies they run. former wells fargo ceo, john stumpf received $27 million just sitting at home.

. >> lloyd blankfein has broken with the trump administration over its controversial attempts to crackn on some immigration. blankfein sent a voicemail message to all goldman sachs employees over the weekend emphasizing that the order is not the policy supported by the bank. >> the notable thing about lloyd blankfine's voicemail was how directly he said he and the firm didn't support the policy. >> bill ford and mark fields spoke out against trump's travel ban. they said "we do not support this policy or any other that goes against our values as a company." >> you can't fight everybody all the time, so if every ceo spoke up and said that the so-called muslim ban was antithetical to what we stand for, he wouldn't fight them. in this is a time for people to be courageous. whatever side you happen to be on. >> straight to some breaking news out of the boj. >> out of japan. it came early, the boj full-year core cpi forecast of 1.5%. we saw that earlier. boj maintained their 10-year jgb target at around 0%. -- so no change, there. also, maintaining their balance rate at -.1%. >> the bank of

lloyd blankfein said goldman sachs is a technology company. you hiring more technologists and engineers than bankers? >> we clearly are using technology and our business more than we would 15 years ago. it is easy to go look at the equity trading business 15 years ago. it was voice to voice, person to a fast and now there is system of connectivity and people trade equities electronically, so that is a in the people and systems you need. aspectsgoing on in most of the business. the firm adapt to those environments, and we have a diverse workforce, and we obviously need different talent. we have increased the number of stem graduates because there is more engineering work, coding work, and we look to make technology investment that can lever our ability to serve our clients, so we need more of those people. it is a diverse group of people that puts us in the best position to service our clients. as we discussed, the quality of our people and ability to attract great people to differentiate the firm is important to our overall business. caroline:

lloyd blankfein himself said back 2015 on a podcast that goldman sachs is a technology company.ou having to hire far more technologists and engineers than bankers at the moment? >> we clearly like everyone are using technology and our business more than we would 15 years ago. it is easy to go look at the equity trading business 15 years , the way people traded equities was voice to voice, person to person, and now there is a fast system of connectivity and people trade equities electronically, so that is a mastership obviously in the staff you need, the people you need, and the systems you need. that is going on in most aspects of the business. the firm itself obviously adapts to those environments, and we w hire all kinds of people. we have a diverse workforce, and we obviously need different talent. we have increased the number of stem graduates because there is more engineering work, coding work, and we look to make technology investment that can lever our ability to serve our clients, we need more of those kinds of people. i would not say more versus finance majors or those

david armitage is lloyd c. blankfein professor of history at harvard university and former chair of harvard's university -- or of harvard's history department. he is an affiliated professor in the harvard department of government, an affiliated faculty member at harvard law school and an honorary fellow of st. catherine's college in cambridge. his previous books include the ideological origins of the british empire, winner of the longman history today book of the year award, the declaration of independence: a global history, which was a times literary supplement book of the year, and the history manifesto which was a new statesman book of the year. his new book, civil wars: a history and ideas, examines the history of the very notion of civil war from its roots in republican rome to the conflicts that have roiled the global south for the past two decades. questions of what makes a conflict not only a war, but a civil war rather than a foreign war or a revolution, are intensely political and depend on which warrior you as

lloyd blankfein made a bet, the ceo made a bet.k his business to conform to dodd-frank. at some point we would have friendly administration, either trump or hillary. he has the most friendly administration with his guy. neil: hilly wouldn't have been friendly, right? >> he is friends with hillary. i think he got the best of all worlds. >> he did. >> he has trump and got gary cohn changing it. >> trump could by next year -- neil: up almost 40% since -- >> that's correct. trump, the administration could appoint a total of five, five people by next year to the federal reserve board of governors, including replacing janet yellen whose term expires. >> only one matters. there is only one that matters. vice chairman of the fed. he is signaling a free market guy who will go light on dodd-frank and probably change something known as volcker rule which allows them to take more risk. thus his business model has never been changed to benefit. >> more bankers instead of phds at the fed. paul volcker worked at chase manhattan. there were more b

. >> you got lloyd blankfein webcast goldman saying the environment is turning growthier, more opportunitywe're getting a bit more optimistic. of course the stock has added a third since election day. >> he's usually a skeptical pessimist. that's good. thank you, lloyd. it's good to be back, lloyd. not unlike that scene in "the shining," right? lloyd? and i feel like it's about time. because he's always been so skeptical. and it's not been wrong. there hasn't been a lot of growth. but you're talking about a level of growth that jeff immelt talked about that. that we've had anemic growth for a decade, when i interviewed him. and i just think there's a lot of people say, look, it's going to happen. it's going to happen now. i know you're septicle. >> we'll talk more about things that haven't confirmed, right? some inflation expectations are not entirely going your way. >> the president if he were to tweet about that stuff, you know, let up a little bit about nordstrom, i don't know, why couldn't he call a failing nordstrom? they're not having that good a time. nordstrom's having a tough quar

david armitage is lloyd c. blankfein professor of history at harvard university and former chair of harvard's university -- or of harvard's history departme