one of the most important people in the financials, the ceo and chairman of goldman sachs, lloyd blankfeinwelcome to "mad money." good to see you. >> cramer, good to see you >> have a seat we go way back, so we can go over a full range of issues. but i am thrilled that you're here >> great to be here. >> you know, you just -- just give us a sense of where things are. you know what's going on with the markets. people want to know what lloyd blankfein is thinking an't the world. >> i would say things are pretty good if you looked at things statistically, the numbers, the metrics, the u.s. is virtually full employment, low energy prices, growth -- rather the metrics are all positive most of the areas of the world are growing. again, not great trajectory of growth but they're growing. china is -- and i just got back from china china is doing okay. europe, again, 2% is not so bad given where expectations were. there's a lot of things going wrong, but it's not obvious they have to go wrong >> how about the united states what is your feeling about what trump's doing? i know you have obviously gar

. >>> lloyd blankfein says things in his words are pretty good with the economy he cites global statisticspositive metrics in the u.s. speaking to jim cramer on "mad money" last night. >> i knows there some people who believe, as do we all, tha sensible regulation is good. but there was some redundancies and there's been a bit of a wax buildup as layers have gotten on it and impeded the economy and he represented trying to deal with it the devil, of course, is in the details and how you look at it depends on what you wanted but it seems to have gotten bogged down in the issue i would say the market now is not what he wants to do, but whether he'll be effective in accomplishing it >> much more of jim's interview with lloyd blankfein in the next half hour including why the goldman sachs ceo decided to start tweeting seven tweets he's done so far. >>> joining us now to discuss this week's rebound is cnbc contributor guy adami. good morning to you. >> good morning. how you are guys doing >> we're good, guy >> we're watching the banks. i want to get your thoughts, it seems like they're in a swe

lloyd blankfein said this was a setback for the environment and the u.s.p position in the world. that was exactly the tone richard branson had for us on air yesterday. what is interesting is this is a business issue, a leadership issue, but also an issue that business leaders have expressed in their roles as people, parents, grandfathers and grandmothers. it has affected a lot of people in a lot of ways. i think it is surprising to see such an outcry from the world of business. mark: elon musk withdrawing from that presidential panel as a result of this. what sort of blow to the president's credibility is that? >> more and more people abandon the president in different ways. he received a minority of the u.s. but, that was not reflected in the u.s. business community. you have people like bob iger and elon musk joining him, wanting to be in the room. bob iger was criticized during his most recent shareholder meeting for being involved. he said, as a matter of principle he has resigned. he has defended this in the past, saying he wanted to be in , to bem, v

kramer the best day of the year for the nasdaq plenty to watch including jim's interview with lloyd blankfein last night oil hits 43 and what lloyd blankfechlt in told jim about the market. tech ceos on their meeting with the president. and whole foods and amazon, how both companies see that deal making sense. >>> monday's tech rebound result in nasdaq's best day of the year, closing highs for the dow and s&p were not far away from posting double-digit year-to-date for all three, which we haven't done since 2013. >> no. and a lot of people felt coming into the year the market was overvalued, having had a big run after trump got elected. obviously, that was not the case there was more to it a lot of people would have felt if you had the federal reserve being as aggressive as it is, there's no way you could do it earnings worried about the strong dollar, we have a weaker dollar one thing i point out today will be oil it's going to be very messy. this is my level i felt it could get to those are big cap stocks f it goes too much lower, people will say, wait a second we've been buying. maybe dema

what did you uncover or learn about the relationship between lloyd blankfein and gary cohn?sworthy thing that i hadn't realized, and i have , he workedem closely against him for 17 years as a banker and gary very much wanted to be the ceo. he developed relationships with he tested withea the lead independent director and found it didn't go very well. having had conversations with other directors, his method was -- message was that lloyd probably wouldn't be your forever. is there a possibility that he could become the ceo? his possibility -- this was high and he didn't get the answer that he wanted and now he said he's available for other things. know, trump wins and, you they came a calling and next thing you know he's national economic adviser. these goldman sachs names, do they bring to the white house what you thought they would bring to the? emphasis on competitiveness in a co-op -- not collaboration? i think that was a low point for gary, in my opinion. not a very collaborative approach, that's a more darwinian approach. i don't think it sets the right tone. i'm not su

blankfein,mon, lloyd gm, ford, they are all wrong on this issue?re coming at it from the political side rather than from the realities side. the reality site is we will continue to be leaders in clean energy. that will happen. rishaad: of course one of the ingest problems we have geopolitics currently is the standoff in the gulf. what did he have to say about that and other issues that dominate the agenda? clearly any further deterioration in the middle east would impact the u.s. potentially and energy secretary >> perry having some views on this. we ask how concerned he was at the standoff, something the foreign minister of germany said could lead to war. rick perry saying the focus should be on radical islam and terrorism and all steps should be taken to combat that, .ncluding the blockade in qatar he says this has to happen, the focus has to be on tackling radical islamic terrorism. i've also been talking about the gripping testimony from james comey, and he says he expects the president to be exonerated and that president trump not do anything

lloyd blankfein sent his first tweet ever.e tweeted today's decision is a setback for the environment and for the u.s.'s leadership position in the world. apple's ceo tim cook writing a letter to employees saying he's disappointed with the white house's decision. disney's ceo bob iger and tesla's ceo elon musk saying they're leaving the president's advisory council. nike also expressing disappointment. this was the president that campaigned and even as president his whole mantra has been we'll make the u.s. competitive again, create american jobs, and make business hire and manufacture in this country. will this ab sbe a setback for ? >> he surrounded himself by ceos. we've seen ceos trooping in in groups of a dozen or more throughout the past year, this will be something that divides the president. a couple members of his own bizzbiz bizzen business advisory councils are resigning from those position. we'll see today if others follow suit. this is a crack in the relationship between the trump administration and the business c

this is the, @lloyd blankfein.id today's decision is a setback for the environment and the u.s.'s leadership position in the world, linda hirsch parisagreement. he already has several hundred retweets here. back over to you. >> jackie, thanks, it is his first ever tweet from what we can tell and what else people are saying on twitter. >>> up next, will guy win you over with his fast pitch? there is still time to vote t. result when we come back. [pony neighing] what? hey gary. oh. what's with the dog-sized horse? i'm crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person right from the app, so you don't need a comfort pony. oh, so what about my motivational meerkat? in-app chat on thinkorswim. only at td ameritrade. this is a story about mail and packages. and it's also a story about people. people who rely o

the move also drove lloyd blankfein to twitter for the first time ever. he wrote, today's decision is a setback for the environment and for the u.s. leadership position in the world. speaking to bloomberg, richard branson expressed his dismay. a very sad day. it's a sad day for the world. it's a sad day for our grandchildren. and obviously as businesspeople we have to pick ourselves up on the global basis and get on and try to sort the problem out ourselves. francine: all of this comes after lee k chang, the premiere of the world's number one polluter, china, vowed to stick to the paris accord. he's giving a press conference in brussels as we speak. i think we have live images of the premier. he's at a news conference with jean-claude juncker as he continues his european tour. for more on china and this non-climate deal with the u.s. pulling out, let's get to tom mackenzie who joins us from beijing. does it mean that china is less likely to stick with its targets? what has been the reaction there? the reaction is premier league catch on has said they are

. >> i'd like nothing more than shooting you down, you know that >> i have lloyd blankfein.wn all you want but -- your sources have no names. >> let's keep it that way. can we do that >> disney "cars 3" comes in number one for the weekend twitter begin as new marketing campaign tonight a tv spot will debut with chance the rapper >> i just called him rapper chance one and my kid called me an idiot i went to hear chance. >> did you >> i did >> chance the rapper >> i did he's got an interesting business model, too he doesn't make any of his music available -- what is it? i have to remember >> loot of people were questioni of people were questioning their new look i liked it >> apple is up 2%. ali baba, tomorrow they're having a big presentpresentation >> are you going to fly to detroit for that presentation? >> whenyes. >> when i said no, they went to you. ali baba has 20 billion in groceries they ship. >> they're trying to impress the chinese platform, how they can sell into china. there's some questions about some of the agricultural products what if you're a u.s. farmer >> i

. >> what about lloyd blankfein. eric: they believe that pulling out of the accord was a good deal. >> i don't think that's what it means. i mean, donald trump has seen, obviously, successes in the markets, and we know that barack obama did contribute to the gains, we'll give him credit, i'm all for it. when you have the heads of major corporations like goldman sachs, gary cohn has top economic advisor came out tweeting for the first time about this, because it's such a bad deal. when you have exxon, doesn't even want it. eric: that's not what i'm saying. let's bring it-- wall street says new record highs, putting in money for the future of the economic growth, not what president obama did eight years ago. it's for the future and if jessica's studies were right and there's going to be $8 trillion of lost gdp, there's no one in their right mind on wall street that would put money into that. >> it's fascinating. the piece on the startups they were going to struggle because of paris climate agreement and then you have t

kramer the best day of the year for the nasdaq plenty to watch including jim's interview with lloyd blankfein43 and what lloyd blankfechlt in

. >> because lloyd blankfein, the ceo of goldman sachs, pete, will be on with jim cramer tonight. >> my favorite new account on twitter, by the way. >> he's a heavy tweeter. >> he's so good. >> a heavy tweeter >> so you've got to watch lloyd. if you're interested in investing anywhere in the banks, you've got to watch lloyd. >> he's awesome. >> speaking of ceos and speaking of microsoft, sachi nadella, one of those ceos, part of president trump's american technology council. it's a meeting at the white house today along with briothers eamon javers is live at the white house. this will happen late this afternoon? >> we're waiting for some of the ceos to arrive right now you were just talking about jeff bezos and showed that graphic of all the ceos that will be here jeff bezos, here in his capacity as the ceo of amazon and they've been making some big moves lately, but he also owns "the washington post" which has been report ving very aggressively on president trump and the trump administration so there's some subtext there. also some of the biggest names in technology that will be her

catch jim cramer's full interview with goldman sachs' ceo lloyd blankfein tonight 6:00 p.m.n "mad money." >>> talked so much about tech, but how about the banks today? anybody trading today? >> breaking out to the upside for a while. last week we talked about all the option activity. in the xl, goldman sachs, citigroup, also been bank of america. heavy, heavy paper so it's telling us that people are expects sort of a break to the upside ever since the xlm broke out of the financial etf from 23 to 24, when we broke above 24, it's been off to the races since. moving up toward the high. in my mind, i'm looking at a bunch of banks that have done extremely well regardless of where we're looking at rates in this point in time if rates ever work in favor of the banks, only imagine that's a feather if their cap they're doing well without that now. >> i was just going to ask, yield curve is flat. we saw some hike in the ten-year yield. not appreciable. still, these stocks are managing to move even without supposedly the most important thing. >> not really move they moved off of the l

lloyd blankfein tweeting yesterday, goldman wants to get in on this. there's clearly a lot of interest. i talked to one money manager i know, and they recommend to a lot of high worth investors, they actually don't go into a lot of these infrastructure funds because they don't think the returns are often as good as they seem. in a lot of cases, these projects don't end up panning out and getting funded. i don't know, i think it can be a solution. i don't think it can be the full solution. we do have a major infrastructure problem, obviously. >> and the devil is in the details. matthew, thanks very much. matthew goldstein with "the new york times." >>> in kansas, by the way, the legislature voted to raise tax rates, essentially putting an end to a series of cuts there. republican lawmakers broke ranks with the governor and overrode his veto of that bill to increase taxes. as we reported, kansas overhauled the state's tax system back in 2012 and it was billed as a real live experiment in conservative governance. but the economic recovery from those tax c

we are here with lloyd blankfein who has been chairman of goldman sachs for 10 years. n't think any of your predecessors in the last two decades stayed that long. is that right? lloyd: i'm sure it seems that long but they didn't stay that long. david: let's talk about your early life. you grew up in new york city. when you were growing up, you didn't have a lot of money. was money something you thought about when you were growing up? did you want to have a lot of money? what were you interested in when you were a young boy? lloyd: i didn't think about money because i went to school with kids like us. so i didn't know -- i don't know if it would have changed me, had i known, but i didn't know the range of possibilities. i did not know we were not well-to-do. i grew up in brooklyn. david: your father worked -- as my father did -- in the post office. lloyd: they were colleagues. david: right. mine worked in baltimore, yours worked in brooklyn. their job was to file the mail. sort the mail. so you weren't wealthy. you went through public schools. but obviously did pretty we

. >> lloyd blankfein's first tweet ever. >> lloyd blankfein at goldman sachs. have to say, if you want to strip it down -- the hyperbole, this is the day the world came to an end. no. this is hyperbole. if you want to understand what hyperbole that is, you see what some of the most progressive thought leaders were saying about the paris accords when they were first passed, that they're toothless, that they're not going to make a difference, it's symbolism more than anything else. the person -- willie geist talks about this all the time, a friend of his one of the foremost climate scientists who came up with the theory of greenhouse gases. i remember him showing me the e-mail the morning after paris was signed. he said this is a bunch of bs. except he didn't say bs. absolute garbage. these were voluntary guidelines set. gene, the impact of this, at least as far as i'm concerned -- maybe people think it's going to be "the day after tomorrow" and florida is going to disappear in a couple weeks. they don't help their cause. there are two huge takeaways. number one,

lloyd blankfein is echoing calls from jamie dimon and calling for the u.s.d more on infrastructure. he tweeted come always impressed by the condition of the airport, roads, cell phone service, etc. the u.s. needs to keep up. tim cook says any tax on u.s. companies overseas earnings should be mandatory with the proceeds going towards upgrading infrastructure. apple has $267 billion in cash reserves, most outside the u.s.. he says he supports the proposal for a one-time 10% levy. be a our view, it should repatriation that should be a required tax, and so you are not asking the people that have had earnings from their international subsidiaries if they would like to bring back money. must payaying that you the government experts in now over some time. haidi: indian stocks fell ahead of the central bank's decision. in april, the governor raised the repo rate to 6% while keeping the benchmark repurchase steady at 6.25%. that is global news. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg.

jamie dimon, lloyd blankfein, exxon, they are all wrong on this issue? >> they are.side rather than the reality side. we will continue to be leaders in clean energy. that will happen. that was the u.s. energy secretary rick perry speaking with tom mackenzie. the latest business flash headlines. airlines topping $59 million as it prepares for a shareholders meeting in hanoi. the carrier plans to invest $130 million in new projects and will raise capital in the fourth quarter. thecompany hopes to raise number of passengers by 10% to 22.6 million this year. >> a rise in full-year profits for qatar airways. income rose to $529 million. the state own carrier added 10 carry 32 million passengers, a rise of 20%. >> that is almost it for us here on "daybreak asia." i'm to look at what is coming up. u.k., borisfrom the johnson saying everyone -- tripe, the was challenge for the leadership of theresa may. butveryone is backing her, george osborne saying she is a dead woman walking. rishaad: we will discuss that. also, from the university of hong kong, professor of european stu

goldman sachs ceo lloyd blankfein has highlighted the need for infrastructure spending in the u.s.says that he is impressed with the condition of their airports and roads and stress the need to keep up. his sentiment echoes calls from j.p. morgan chase's jamie dimon. china has told the u.s. to stay out of its affairs in relation to a probe into 3-d thingies who went missing last month -- three detainees who in missing last month, they were investigating labor conditions at a factory that made shoes. the activists have been detained under a new law for illegal eavesdropping. starbucks selling meals from snap kitchen at a stores in houston, snap didn't let by the former weight watchers ceo and focuses on healthy ingredients. starbucks is trying to compete with chains like mcdonald's. they will add another test market soon. that is your bloomberg is this flash sprint and t-mobile -- sprint and t-mobile to -- merger work to happen, it may not be financing. this is bloomberg. ♪ ♪ this is bloomberg markets, i am vonnie quinn. takes ag m&a reporter closer look at the potential merger betw

lloyd blankfein called the decision a setback for the environment and u.s.position in the world. meanwhile, bob iger and elon musk said they were resigning from the presidential jobs panel. attempted robbery and not terrorism, the reason for a casino attack that has left 37 dead. stored the casino, set it on fire. police say the gunman killed himself. victims appear to have died from smoke inhalation. , the economy of verdict recession in the first quarter. greek gdp rose .4% after shrinking the previous quarter. driven byion was consumption, while exports and investments fell. ireland on the verge of a huge social and generational change. party isry's ruling expected to choose a new leader, putting him on track to become the next prime minister of ireland. he is 38 and openly gay. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. vonnie: thank you. ahead of gm'sing annual shareholder meeting. shares are up 12% of the last year, but green light capitals david einhorn tells bloomberg w

on picking his company which has never recovered its mojo since he took over from jack welsh, lloyd blankfeinident's decision in his first-ever tweet. hmm. blankfein took heat for supporti venezuela's socialisc dictatorship. venezuela produces heavy carbon-loaded crude oil. is mr. blankfein doing some penance? sorry about that, penance. [laughter] supporters of the paris agreement are sincere, yes, they are. they are true believers. but these business leaders appear to be grinding their own axe. they should listen to president trump. the lousy deal is done, renegotiation starts now. musk, iger, immelt, blankfein, get onboard and make it a better deal. the third hour of "varney & company" is about to begin. ♪ ♪ stuart: well, it's looking a little brighter than it did about an hour ago. the dow's up 42, we're getting close to 21,200. how about that? record territory, by the way. and so are these companies and these stocks. they're big-name companies, and all of them have never, ever been higher in terms of their stock price than they are now. amazon, microsoft, mcdonald's and starbucks. keith f

as well >>> coming up on this show -- not this show, cnbc will sit down with goldman sachs ceo lloyd blankfeinis take on the u.s. economy. >>> goldman sachs ce or lloyd branch fine says he is optimistic about the future of the u.s. economy, citing low employment numbers, energy prices and growth. blankfein said he didn't fully agree with all of president trump's policy bus that soiessoe aspects of his policy look good. >> you know, i can't say i'm on all fours in line with the administration across the board. but as far as the economy is going, as far as markets are going, they recommended stimulus in the form of lower taxes, spending on infrastructure, taking away maybe some of the layers and layers of redundant regulation that's certainly good for the market but generally i think good for the economy. >> taking away some of the layers and layers and layers and layers of regulation good okay the uk serious fraud office charged barclay for fund raising from 2008. they were raising charging four individuals, including the former chief executive john varley this surrounding undisclosed investmen

goldman, sachs lloyd blankfein, that's at 6:00 p.m. eastern on ""mad money.""tainly be watching that. >>> time for must read stories big banks poised to step up payouts to shareholders. it is their take on the week ahead for banks and particular focus on stress test results which come out wednesday then later next week, see core, a little more important. the big take away, could get confirmation and reminder that improving regulatory outlook for banks, even if donald trump and his administration don't deliver further deregulation the tests themselves not being influenced by the new administration yet, banks thought to be better prepared if they do pass and get to pay out more, it will reignite investors' realization that regulatory pendulum is coming back into bank's favors, whether or not he manages to deliver more of it >> we have already seen the rotation in the past week out of tech and into financial, a lot coming down to deregulation of policies four ways google will help tackle extremism google general counsel kent walker writing we have invested in syst

left's reflex unreasoning without substance as for the leftist corporatist goldman sachs ceo lloyd blankfeinggerate to the point of the truth. tweeting this -- perhaps he is simply fretting over goldman sachs big bets on socialism, which is certainly not working out so well in venezuela. goldman giving venezuela's government a life line buying bonds from the bank, and the vicious reaction to demonstrations of a populist, violently suppressed and now desperate. i believe the behavior of the left, whether in europe, south america or here at home, shows signs of being actually in near death throes, having become increasingly malevolent as policies fail and numbers and power decline. president trump succeeding leadership is only adding to obvious inadequacy to the challenge of our times. the left is simply on the wrong side of history around and the globe, and president trump's policies, obviously, are on the right side. >>> now the quotation of the evening. this one from socrates who said -- unfortunately, we're going to have some examples for you when we continue. we'll be right back with them

goldman sachs's ceo lloyd blankfein used his first ever tweet to slam the decision. elon musk also confirmed he would depart the presidential council saying leaving the paris accord is not good for america or the world. >>> in st. petersburg, geoff spoke to the ceo of schneider electric and asked what he thought of trump's decision. >> i don't think it will change the momentum in terms of sustainability. when you meet cities, companies today, states where a lot of those decision s have been made people are committed to reducing carbon emissions. it's a question of business. if you're a city, you want to be attractive on the global scale, you have to be green city. there is no other option. if you're a company, if you can run your process, manufacture your product with a carbon footprint which is one-third of your competitor, then you will win. it's a question of good economic sense. >> geoff also put the question to mark sutton, the ceo of international paper. >> nothing changes for us. we made commitments publicly, we're working on those commitments, not only on gre

. >> did you talk to -- have you talked to lloyd blankfein after his first tweet? >> i have not, but i got caught off guard by his tweeting last night. >> i think a lot of people were. >> when it comes to sort of -- well, the president's focus on coal i guess is one question. he comes back to it time and again and he did yesterday. 50,000 workers in coal. you yourself have said very recently and many times i know, natural gas is the preferred fuel at this point by many of the producers of power in this country. coal regardless of what is done in the market place is going to go away. why the continued focus on something that seems to be really a part of the past as opposed to the future? >> so i think you guys know really well, i am a big free marketer. i believe in free, open transparent markets. there's a price for coal and natural gas and there's a price for crude oil, there's a price for everything in the world market should set that price every day. at some point in the cycle, coal will be competitive again. so we want to keep coal available. we want to keep ou

even lloyd blankfein who has been on twitter since 2011 but never tweeted, used his first tweet everet back for the leadership of the world. disney's bob igor, elon musk both stepping down from the president's business advisory counsel over that. has he damaged his reputation? >> yeah, they made comments about going it alone. we have seen a lot of ceos make the same comments. the relationships will be strained, some have not like jamie dimon of chase. i think some of the other companies have more to lose. for those that can move forward without a reprisal we'll see them part ways and focus on the things they have been focused on including mayors and governors that want to move forward with green energy not just for the environment, but because it is outpacing old style energy. >> some major colleagues and universities in the college as well. ron, what do you make of the president's assertion that getting out of the paris deal was fuelled by job creation. >> it's just not true. on it's face, it is not true. we have seen the pace of solar jobs outpace coal jobs. coal mining employment

goldman sachs lloyd blankfein sends first-ever tweet calling the decision disappointment. but they bought bonds to prop up dictator in venezuela. >> gave them $800 million, the other part goes into the undisclosed bank accounts for kleptocrats and tyrants running this government. all the people you cite are democrats. i would be more impressed, instead of leaving advisory council to the president, if they parked their private planes an flew commercial. then i think they're serious about global warming. >> but they might get dragged off the plane, david. >> by shareholders. david: ignoring real effects of tax cuts. take a listen to what treasury secretary steve mnuchin says. he was responding to a question i gave him about democrats and some republicans who refuse to give a go ahead for tax cuts because they don't believe cuts will lead to more growth or revenue. listen to mnuchin. >> it makes no sense in people who quote that, i think are living in the stone ages. we're about creating economic growth. we're about broadening the base. we're going to make sure this is tax re

in his first ever tweet, lloyd blankfein blasted the move saying today's decision is a setback for thement and for the u.s.'s leadership position in the world. in the wake of president trump's decision to pull u.s. out of paris climate agreement, leaders from cities and states across the country are taking the fight against climate change into their own hands. nbc news chief and environmental affairs correspondent, anne thompson, has more. >> reporter: climate scientists say the warning signs are everywhere, from montana's shrinking glaciers to australia's bleaching great barrier reef. a trend that could worsen, experts say, now that the us, second largest carbon emitter in the world, plans to pull out of the paris agreement. >> that means record heat, more drought in some places, torrential rains and floods in other places, sea level rising, drowning coastal areas. the world will be a mess. >> reporter: the department of defense labels climate change a threat multiplier, leading to food and water shortages fueling international conflicts. the president focused on the economy, claiming

we'll keep an eye on it inci insite is what it's called >> don't miss jim cramer's exclusive with lloyd blankfeinchs tonight on "mad money. that's 6:00 p.m. eastern time. >>> meanwhile, dow is up 111 close to session highs we're back in a moment [ indistinct chatter ] [ intense music playing ] it's here, but it's going by fast. the opportunity of the year is back: the mercedes-benz summer event. get to your dealer today for incredible once-a-season offers, and start firing up those grilles. lease the gle350 for $579 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. welcome to holiday inn! ♪ ♪ whether for big meetings or little getaways, there are always smiles ahead at holiday inn. >> announcer: treasury s

>>e >> latest big name tweeter lloyd blankfein. you. >> yes, yes. >> thank you we love when you just show up. >> i had to. you kidding me our ota at our mini camp, my coach says we got a fantastic one. >> giants -- >> have a good weekend >> really? really you think it's going to be a weekend? you're not going to work tomorrow because of amazon have a good father's day my daughter says this father's day, it's really inconvenient o a sunday, so do it monday. whatever they want love you guys. happy father's day to everybody and whatever good man >> look forward to next week >> you bet >> i'm done. you thought about running? is snap? >> i'm telling you >> that's what i wanted to talk about. >> i got to go >> how about this pivot. amazon should go get mcgregor mayweather instead of going to cable, pit over the top direct you cut out the 50-50 split. they could make so much more sfl who wins the fight >> mayweather in seconds >> i agree i was saying three ten years in boxing, first round. >> and it's strategy and management just like --

. >> goldman sachs lloyd blankfein and is killing -- echoing calls for the u.s.spend more on infrastructure. he tweeted always impressed by the condition of the roads, cell phone service. to keep up.eds apple ceo 10 cook says any tax on u.s. companies overseas earnings should be mandatory with the proceeds spent upgrading infrastructure. apple has two other $57 billion in cash returns parked outside of the u.s.. he supports the campaign proposal for a one-time 10% levy on offshore income which is less than a third of the u.s. corporate tax rate. >> in our view it should be a danger -- a repatriation. it should be a required tax. you're not asking people that have had earnings from the international subsidiaries if they would like to bring back money. -- saying you must pay the government now or over some time. >> the u.k. prime minister theresa may said she would tear up human rights legislation to hike best help the fight against terrorism. may said she wants the power to deport foreign suspects and limit the freedoms of people deemed a threat but who cannot be

goldman sachs ceo lloyd blankfein highlighting the need for infrastructure spending in the u.s.., he said he is impressed with the condition of the country's airports and roads. he stressed the need to keep up. echoing similar calls from jamie dimon. increaseng a capital of $5.8 billion, according to people familiar with the matter. santander speaking to advisors about a possible stock sell if it decides to go ahead with an offer. amazon prime will be available to low-income shoppers at a discount. those with a valid electronic benefit transfer card will pay $5.99 a month for perks like free shipping and unlimited streaming of movies and tv shows. some analysts say the move will help amazon better compete against walmart. and that is your business flash update. today isbig debate who's going to buy the homepod? people onee a lot of social media that excited about it. julia: do you have a home device already? not have one. joe: it seems like you have to inaugurated with the smart home device of some kind. is it $349 or $180? betterlet's go with a tool, and actually, i don't know y

it even inspired goldman sachs ceo lloyd blankfein to send his first tweet ever. he wrote, the decision is a setback for both the environment and the u.s. leadership position in the world. hundreds of companies in every industry support this deal. not just lefty tech. we're talking finance, consumer products, oil companies. that's because corporate america says this president is looking backwards. clean energy and tech is the future. climate change, they say, is real, and they want to be leaders on adapting to it. they don't want to cede the competitive edge to china, russia or europe. the president and his -- the critics of the deal say this paris deal was simply a jobs killer. but job growth in clean energy is outpacing any old school energy sector. last year, the solar industry grew 17 times faster than the average. solar employs more than twice as many americans. trump would like to get that coal number up again. climate change is a business risk and companies already made plans based on lowering carbon emissions, those ceos are saying they're not going to cha

lot of the decisions they will watch, they won't tweet donald trump, except goldman sachs' ceo lloyd blankfeinnly put five tweets out so far. and all five are basically whether it is trolling. his former president and coo gary cohn. when ceos were criticized, the argument was i don't want to be on the same side of the president. but shifting it all -- >> i don't know why we are criticizing it. the whole point of the country is to have critical discussions on important issues instead of reducing it down to 140 characters in a ridiculous -- i don't know what it is. chest bumping and is exhausting. but i thicked lloyd's tweet. he had a lot of comments on climate change and a lot of ceos talked about. bob egger from disney moved off the climate issue. and i think it is healthy. although some are funnier than others on twitter. >> travis from uber was going to be on one of the president's counsels and decided to -- >> he was on it and came off of it. el elan -- and can we come together and accomplish something. >> hopefully we can soon. >> kara, thank you very much. >>> coming up, breaking news on

. >> had lloyd blankfein in some of the negative ads he put up at the end there as part of his closing argument. did he have anything to say about the health care bill tonight, jeff? >> he did, indeed, john. in fact, this is something that's actually going on right now in washington. his white house advisers are being briefed on the details. the president did not talk about the details, but he did talk about his hope for a kinder, gentler bill in the senate, if you will. he talked about his hope for democratic support for it, even. let's take a listen. >> and i think, and i hope, can't guarantee anything, but i hope we're going to surprise you with a really good plan. you know, i've been talking about a plan with heart. i said, add some money to it! a plan with heart. but obamacare is dead. >> reporter: so "add some money to it" there. that is something that will certainly be controversial for some senate conservatives. and they need senate republicans on this bill, of course. we'll find out tomorrow morning, john, if the president is going to get behind the specifics of this senate bi

lloyd blankfein on with us last night said the same thing. you're telling me they're missing the boat >> well, i guess that i would -- if i had asked them the question, i would say, so, define to me what "good" is. is good housing starts down for the past five months is that good is out sales down for the past five months? is that good is good restaurant sales, which is a bellwether leading indicator for consumer discretionary spending, down each of the past four months, would you define that as good? i guess i would just ask a supplementary question if you think things are good, tell me how it's good. the bond market, surely, can't be telling if things are very good when the ten-year note yield is all the way back to 2.16%. >> unless you think -- i mean, you're essentially saying that bond yields are telling us that the economy is not as good, to use the word that we're going, as people think. again, charlie evans saying that it's not representative or representing the economy it's more a sign of all of the central bank stuff that's still in

lloyd blankfein tweeted for the first time ever to express his disappointment on the decision.w from the white house is our bloomberg news lyrical reporter. forthe white house braced this type of immediate reaction worldwide, including from the business community? >> know, the white house was not ready. they knew democrats would come out strongly against the president. the statement and his decision to come out of the agreement, but they were not expecting the business community be to be so unified against this decision. we have heard from several [no audio]ders members of the business community leaving the white house advisory council. others say they will work around the president to continue their climate goals. the white house looking more and more isolated, even as the president in his statement said this was a decision good for business, he is finding the business community is not taking that all of french, saying this is a bad move, and moving on without the president. david: why did the president choose to fight this battle at this point in time, was it simply a miscalc

it drove goldman sachs' lloyd blankfein to twitter for the first time ever. he wrote, today's decision is a setback for the environment and the u.s.'s leadership in the world. for more let's bring in jeff she tellman, tom mckenzie standing by in beijing. what does this mean in the first instance in terms of cloy mat change? the u.s.a. against the rest of the world. put it in context for us. is this about slashing back against globalization? this is the personification of donald trump bashing globalization. >> absolutely. the speech we heard last night was full of rhetoric, full of his view on the world and america's position in the world. but actually, what does it mean to leave the paris climate accords? the paris climate accord is a flexible mechanism set up that requires countries to report on their emissions. that's all it does. as part of that, the u.s. set a voluntary target to cut its climate change emissions which donald trump doesn't have to stick to. there wouldn't be penalties if he didn't meet it. manus: we are hearing a variety of potential ramif

lloyd blankfein, i think you have a modicum of respect for. >> i do. i admit they're trying to achieve shareholder value, that's muff for me, wraenough f than be a howard schultz, where providing jobs is not enough. they have to pretend they're like the red cross. i'm fine with just the profit intent senttii incenti incentive, but when they do this i think it's disingenuous. >> this is all buttering, okay. >> i think this community had an impact on donald trump's decisions to this point. the yes, i diidea that so many opposed to it and he went another direction, shows some waning. >> i don't think the "wall street journal" has interest in wind power. if you read their take on this, it's simple. it was going to do little in terms of handling -- by 2100 you're talking about 0.2 of a degree celsius. >> the president laid that out. >> china doesn't do anything until 2030. sud lint koelt jodenly the coal exported instead of staying here, because we've done so well we need to start immediately, and redistribute our wealth to the rest of the world because we'

investment in snapchat and the interview you don't want to miss tonight, jim cramer ttg wn wsiindoith lloyd blankfein tonight on "mad money. the mercedes-benz summer event is back, with incredible offers on the mercedes-benz you've always longed for. but hurry, these shooting stars fly by fast. lease the c300 for $399 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. will you be ready when the moment turns romantic? cialis for daily use treats ed and the urinary symptoms of bph. tell your doctor about your medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have a sudden decrease or loss of hearing or vision, or an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis. >>> welcome back the ripple effects from amazon buying whole foods

. >>> "mad money's" jim cramer sitting down with goldman sachs' ceo lloyd blankfein who weighs in onat for you next. n, we're helping today's leading life sciences companies go beyond developing prescriptions to offering subscriptions with personalized, real-time advice for life-long, healthy living. honey? you almost done? nope. ♪ get ready, because we're helping leading companies lead with digital. what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley >>> welcome back our own jim cramer sitting down with goldman sachs' ceo lloyd blan blan blan blankein tonight the new administration and whether trump was fulfilling the things blankfein thought he would. >> i know there are some people who belief as we do all that sensible regulation is good, but there was some redundancies and a wax buildup as layers and layers have gotten on it, no doubt impeded the economy. he represented trying

the "wall street journal" reports lloyd blankfein and corbat responded to an email pranker it they performedngland governor mark carney last month. "the journal" says no sensitive information was disclosed and the responses the pike emails were designed to embarrass the executives rather than to find out any secrets. >> man, that is nerdy. i'm going to prank you but all going to be banksters that i am pranking >> yes but a little scary, too this is like phishing or spear phishing or whatever it's called in terms of getting people's, this guy wasn't doing that >> different than cat fishing. >> jeff staley went back and forth with this guy thinking that he was a board member >> so he had to respond or something. i don't respond to anybody >> no? >> do you? do you respond to anybody you don't know >> no, pretending to be people they knew. >> i know, i know. did they use a name -- >> they faked the names looked like it was coming from the person probably easy enough to misspell it by one letter >> what did he say he was to blankfein? >> i was under the impression -- >> thought he was a goldman g