while the glamour may be fading, david solomon, lloyd blankfein's successoi’, solomon, lloyd blankfein'seen of his own. he is known for hobbies such as dj ying and his embrace of new technology. the most obvious physical manifestation of the change that happened at goldman sachs under lloyd blankfein is behind me. this is goldman's new headquarters which the bank moved into after the financial crisis. now as it prepares to celebrate its 150th anniversary next year it is certain that goldman's future will be very different than its storeyed past. dj solomon now in charge of goldman sachs. now let's brief you on some other business stories. the usjustice department has sued the state of california after governorjerry brown signed legislation to restore open internet protections known as net neutrality in the state. this marked the latest clash between the trump administration and california, which have sparred over environmental, immigration and other hot—button issues. tesla's elon musk has told employees that the company is on the cusp of profitability. the company is expected to release

running the set we have them pirates running the central banks we have jamie dimon in charge lloyd blankfein these are the these are the vampires of last resort they're the deepest foul lists dank just. so. we don't see any of these conversations anymore in america we used to have on television back in the sixty's and seventy's we said deeper conversations what our society should be what sort of economy should we have part of this situation here is. construction workers have the highest the highest death rate of opioid overdose on the job the second most concentrated the only other industry that has more opioid addicts is the entertainment industry according to this chart but they are to this data but construction workers what happens is they lose their job if they're not on the job you know it's a vicious you know you have. to show up at the job and a lot of them it's obviously very labor intensive you're using hammers and nails it's dangerous that they have a lot of medical issues of pain so they've got to get on the job they take that opioid to get on to the job because it's the only way

he would not have run that last commercial of the 2016 campaign that presented lloyd blankfein and janet yellen and george soros and their photos. >> jeffrey, i want to run that ad since you're talking about it and then i'll let you continue on the other side. here it is. >> for those who control the levers of power in washington and for the global special interests, they partner with these people that don't have your good in mind. it's a global power structure that is responsible for the economic decisions that have robbed our working class, stripped our country of its wealth, and put that money into the pockets of a handful of large corporations and political entities. >> global financing, levers of power. classic anti-semitic innuendo. correct, jeffrey? >> yes. because what that commercial did was to reverse the actual relations of power in this world and present the united states, the most powerful country in the world, as instead a victim of nameless global interests which were associated in that commercial with some leading jewish personalities. now, then candidate trump must -- ap

talked about a dark web of financial corruption, flashed images of people like george soros and lloyd blankfeiname under criticism from the anti-defamation league at the time telling him these are painful and dangerous stereotypes. you're essentially energizing anti-semites, anti-semitic energy in a way that is harmful to our culture. i think with the shooting in pittsburgh, you can see the effects of those types of messages on some disturbed people. but at the time, trump and his campaign rejected that criticism from the adl and fired back. it's been clear to me, anyway, to anybody who follows what trump says and what he tweets on social media, that he hasn't backed down one inch from those criticisms and continues to use these tropes and this language talking about invaders. pushing the idea of, you know, nefariously funded migrant caravan moving up to invade our borders. and all the kinds of language that have stoked and energized some of the people we have seen sending pipe bombs, conducting a massacre in pittsburgh, and you can't separate the language from the events we're seeing in the ne

like lloyd blankfein said on the way in, we're not in those -- the higgins boats headed up -- it's just you'll have an interesting show, joe. thank you very much for that we'll see you at 6:00 a.m. >>> let's talk more about this early morning joining me is dan vera can we step in and buy right now? >> you should be buying. i think this is walmart clearing out its inventory. >> you are telling me stocks are on sale right now. >> we started the s&p with a multiple at 19, now it's closer to 15 and dropping as company profits come in at or above. we're seeing more good than bad, certain pockets of weakness within semiconductors, areas like that. we're getting back to a more normalized market. we'll have to pick individual stocks >> pockets of weakness sounds mild when you refer to the semiconductor space. that space has been hammered it's been absolutely demolished. to be fair, it was a huge leadership group over the past couple of years. what would you be looking for? is it specific things? a pe an earnings growth rate? what would you look for from a bottoms-up stock perspective that would

was theavid solomon investment banker as opposed to trading, very much associated with lloyd blankfeinoked at some of the conference transcripts, and one of the big executives there was saying that the bank identified 1000 companies they hope to gain shares with, aside coverage to 80%, and the bank seemed pleased. of whates you an idea they see coming out of corporate america. matt: let me jump to the political angle. it seems like the big banks are doing fairly well. corporate earnings are pretty good. how much does the administration , for example, the new tax legislation, have to do with this? the taxveryone thinks legislation boosted the bank numbers. it remains to be seen whether that is a sustainable job -- jump. the euphoria in the stock market has burned off. tryingore about people to discount the very optimistic things they see with employment and the lingering worries this could be as good as it gets for profitability and bad loans. nejra: that's one of the big questions, isn't it? whether this is as good as it gets or the start of a golden age. we didn't bring up the banks o

, steve ballmer, lloyd blankfein, and pete thiel i blew my ankle out and i got prescribed pain pillsd "squawk box" will be right back. recently, more than $20 million has been spent in the race for superintendent of public instruction to attack my friend tony thurmond's record. well, i've worked with tony, and no one is more qualified to lead our state's schools. that's why tony thurmond is the only candidate endorsed by classroom teachers and the california democratic party. because tony will stand up to the donald trump-betsy devos agenda and has always protected our local public schools. join me in voting for tony thurmond. let's put our kids first. ♪ >>> all right. welcome back, everybody. volatility has been the market theme of the month futures right now are indicated higher on this last day of what has been such a difficult month for the markets. dow futures up by about 225 points building on the 400-point gain from yesterday. s&p up by 28 c can. >> yeah. really since the market high of september 20th, we've seen higher volatility and less confidence in the markets. it's a lit

that was a big lloyd blankfein initiative. alix: the growth immigrates.you wonder if he is signaling something different here. they are talking again to hedge a little bit. david: morgan stanley is on the bloomberg. jason: it's a chilling story. companies, american people do not talk about it. when you call for a reference check, you're very careful about what you say. when you are in the financial area, you are required by regulators to say why somebody left. aren: the accusations people are saying nasty things. it's on the record and it's hard to walk back if you are that broker who left. it's a hard balance for the regulators. people want more information about brokers moving from place to place. it gives a lot of power to the previous employer. isid: one of the allegations they won't go someplace else. alix: isn't that like a noncompete clause in a contract? you can write that in. jason: you can in some cases. of what sin forst and whatnot. doesn't person really have the ability even financially to fight this against a raft of lawyers from morgan stan

this is a big initiative of lloyd blankfein's. he was really enthusiastic about this.this is a big priority. it is no: said that we're going to hear of their earnings on friday. >> david solomon has been a big supporter of this as well. >> maybe this is not a strategic retrenchment. people ask a -- questions that how you are going to do this in a safeway because you don't have the retail bankers to assess credit of individual consumers. lloyd cap saying it is big numbers and large numbers. >> part of it is they are going to charge more. they are going to lend it to riskier areas. 4 billion they loaned in two years. we will be watching that. that is it for bloomberg daybreak americas. coming up, bloomberg markets americas open. ♪ >> from new york city i am jonathan arrow. 30 minutes until the start of trading. this is the countdown to the open. the treasury market taking a break following last week's round ahead of a big week of supplies. chinese markets catching up with a global stock selloff. brazil's far right candidate stormy to a huge first round lead in the presid

jason: and one of the other questions is going to be, what does lloyd blankfein do next? he hasn't decided, but he's going to have a lot of people coming at him. david: i talked to hank paulson about that. alix: does he have an idea? is he going to call up gary cohn? [laughter] in the program, we are going to get to talk to alan schwartz, guggenheim partners for more on goldman's new leadership. any thanks to jason kelly. if you want to june into jason every day from 2:00 until 5:00 eastern time. coming up, general electric shares are surging in premarket as the company names lawrence culp as a chairman and ceo. i'm watching whatever but else's. this is bloomberg. ♪ david: this is what i'm watching. general electric. there shares are searching in the premarket after the company blamed lawrence culp to be the ceo. brooke sutherland come up bloomberg columnist. you surprised? >> i was. there have long been questions about john flannery, but i think people thought he had a little more time. i certainly was not expect them to wake up to this announcement today. he is a 30 yea

you all-day comments from a lot of great speakers throughout the day including evan spiegel, lloyd blankfeinater thiele and that's all during "closing bell. the al let's begin. yes or no? do you want the same tools and seamless experience so stick around. what about a dedicated service team of trading specialists? did you say yes? good, then it's time for power e*trade. the platform, price and service that gives you the edge you need. looks like we have a couple seconds left. let's do some card twirling twirling cards e*trade. the original place to invest online. i am a techie dad.n. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. >>> facebook shares are soaring today after reporting a beat on earnings yesterday some even numbers on bottom line what's in store now for the social media giant in the future nathan, you guys downgraded facebook in september which was a good call, and you'

trading and what he thinks about goldman sachs being a lender long term is that his strategy or lloyd blankfein'sow on "closing bell" >> looking forward to it that's going to be huge. 3:00 p.m. tomorrow up next, the late details on the mega millions frenzy with the new jackpot hitting $900 million, and winnebago is soaring today on better than expected earnings, but shares are down nearly 40% so far this year we'll talk to the ceo, but we'll go out into the winnebago parked outside the new york stock exchange to do that coming right up up so the only thing that we can do to make sure that we get there safely, and that we leave that scene safely and go home at night, is train. and we train all the time in the fire service. no matter how much we train, the last thing you want in a disaster is to lose communications. without communications, we have nothing-- people get hurt. when disaster strikes, that is when your communication service can really become your lifeline. ♪ (nicki palmer) we are constantly innovating. from a dedicated lane on our network just for first responders to cell towers on whee

campaign ad that had three very prominent american jews, janet yellen, george soros and lloyd blankf n blankfein, are these anti-semitic tropes, or are we stretching too far? >> george soros was also a target by the bomber. so he's owed an apology by fox news. i think that example underscores something you said in your opening statement. the bombings and the shooting are quite different. and i would direct attention to two ways. the targets of the bombing were people who were attacked by president trump. and the bomber was quite apolitical until donald trump came on the scene. so i think that attempt at crime, those crimes, are very attributable to the president. his incitement has quite a direct connection to these bombing attempts. the shooter seems to have been reacting to a much more generalized level of anti-semitism that we have been discussing. the trump administration and others have dog whistled about jews, they've not been as directly as inciting as the targets of the bombers. here's the second difference. the bomber sent a dozen packages and no one was hurt, because making an effectiv

>> look, goldman sachs, lloyd blank blankfein, he is retired, these regulations are barrier to smallerompetitors. not all regulation is bad for the big banks. neil: banks in general and how we took care of them, bernie sanders along saying we still have too big to fail. i still want to break up a lot of these institutions, all the big names you hear about all the time because he says it will happen again if we don't? >> i think he is the worst messenger for this. there is still a too big to fail problem. it has to be addressed but what we want is consensus that we have to get the crony out of capitalism. he wants to get the capitalism out. neil: he wans to take away their devil-may-care risk-taking which we didn't do but we should have done? >> he is coming at it from a hostility to wall street in general. so he has said that the business model of wall street a fraud. he is not trying to give us a better, less government supported free financial market where people can succeed and fail. he is trying to face that with something much worse. so i think there, i suppose he is trying to bui