reporter: the moral authority of the catholic church has been ravaged by too many stories like matt goldman. >> i definitely was assaulted and molested by father ryder, 100%. >> reporter: matt was an altar boy in buffalo back in the '90s. he says father dennis ryder started asking him to stay late after mass to help count the collection. >> you count like quarters, dimes, you know, and he'd be, you know, counting, you know, the bigger monetary bills or checks that would come in. and that would be in rectory. then we'd play nintendo. >> reporter: playing video games back in the rectory. >> he would always turn the heat up on higher. and then say hey, would you want to get more comfortable. you know, take your shirt off. before i know it, i don't have any clothes on and he doesn't have any clothes on. >> reporter: did he touch you? >> yeah, we touched each other. both of us. you know, i would touch his genitalia, he would touch mine. >> reporter: matt says it happened again and again and again. >> well over 20 times, it happened over the course of three years before i finally said i'm not doi

our matt spoke to goldman sachs's -- our matt miller spoke to goldman sachs's david solomon about thankinglidation and what goldman's focus is for its european business. david: we've been investing. we have new leadership in our wealth management business, and we are focused on expanding our market share is. if the right acquisition came along, we would certainly consider it, but we also see good organic opportunity but growing our foot meant -- our footprint here in europe. matt: there's a lot of talk about bank consolidation in europe. there are a number of regulatory hurdles especially, but did you --ect banking elevation banking consolidation for ks, and does goldman sachs want to play a role in that? david: i think there are lots of compelling reasons why some consolidation here would benefit the strength of the european market, but i think it is hard, and it is not clear that it will actually happen. i do think that it would be good for the european market, for the european capital markets, if you had more of a european leader in some way. whether or not the local politics or the bus

congressman chabot, this got crazy with this back and forth between matt gaetz and goldman the attorney'sion his tweets in the past about the steele dossier. there were only a few moments that got my attention and this is one of them. >> do you regret this tweet? >> i would be happy to put this investigation up with any nonpartisan investigation. >> i want to know if you regret the tweet? do you regret it? >> i hope you read the evidence. >> you either regret or -- >> laura: the tweets have nothing in the dossier. congressman chabot and that is the guy they are putting on today. >> it is amazing. this hearing was pretty incredible. the thing that bothers me though is that impeachment is becoming to routine. they have lowered the bar here. we had one impeachment in about 200 years. now in less than 50 years, this will be the third one. my concern is every time you have a president that is a different party from the house we are going to see impeachments more and more common. that is very damaging to the country, far too divisive. >> laura: congressman buck heard a lot of things that we hea

matt: my interview with goldman sachs's ceo david solomon last month.h luke hickmore. ike, he was polite about think his view on negative rates. what do you think? has it been as helpful to the economy, a good experiment, as mario draghi says? ashas it been a disaster, you will hear from most big bang ceo's? big bank ceo's? luke: it has created a hunt for yield that we will probably never see again. has any of that fed through to the real economy? really hard to judge. ofhink it has changed some the decision processes companies make in particular about their investment plans and probably put a lot off or extended their horizon for these things. in ways which are probably not healthy in the long run. so did the whole growth of the zombie companies we saw through the last decade, supported by an endless supply of capital, whether they were running into problems or not. now, surely, all that really does is just avoids the issue? this whole kicking the can down the road. at some point, you have a fence with a lot of cans on it and at that point, we look bac

matt: thanks for joining us. bloomberg's tech editor in tokyo. peter oppenheimer, chief equity strategist at goldmanstill with us. what do you think of the big tech companies? not just because of this google story, but because of the u.s. issues with france, the tax issues that the big tech companies are facing, and the democrats, a lot of those candidates would like to break up these big companies. how do they look to you in 2020? peter: i think as you rightly say, there are clear risks relative to what we have seen for the tech sector over the last decade or so, but in general, we like the sector and we like it in each region. as anin reason is because industry, it is generating good growth, strong cash flow generation in an environment where economic growth, though it may improve a bit next year will still be moderate and profit growth in general is going to be pretty constrained. it is still going to be a willingness to pay for companies and have long-duration repeatable cash flow growth and i think technology fits well into that category. anna: a chart was just showing u.s. outperformance of ot

matt: annmarie hordern looking at some of the big movers. the goldmanet manager that's all this year's rally and equities and despite today's losses, it has been a big one things the market is too pessimistic on europe's 2020 growth picture. portfoliohe global for asia-pacific is betting on a european equity rally. anna: for more on that, we bring back in mike bell from j.p. morgan asset management. is this the year where they outperform? mike: i'm not sure. rowlands inis global growth and the market is anticipating it, there is a good chance you could see european cyclicals rally in the way just discussed. it does need to happen. we are still focused on the employment components in the manufacturing surveys for both germany and ex-france and germany eurozone. cutting jobs. to cross intoll the rest of the eurozone and eventually the service sector, then the cyclical recovery expected will not come to for which it. there are risks around it. and if we do see a reaccel eration in global growth, then i think the em will outperform in that scenario. our sug

ubslso saw forecasts from and goldman sachs forecasting gold higher next year. mattuch. sorry it was so short. hopefully we can get more time with you next time we speak. singapore,a, from our metals and mining reporter. a pledge of independence and a 20% slump in value. up next, the story of what's going on with qiagen. this is bloomberg. ♪ here, it all starts with a simple... hello! hi! how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! wifi up there? uhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your local xfinity store today. matt: welcome back to "bloomberg markets.' this is the european open. i'm matt miller in berlin, 30 minutes into the trading day. the story so far for equity markets. 0.25%, half anup hour into the session. in terms of the groups on the move this morning, basic resources. we just spoke to krystal chia, metals and mining reporter. metals and mining doing best in i

matt: what is the story with the green? option, goldmanares, but if you already need the government to buy the shares to hold the valuation above $2 trillion, probably the kingdom doesn't want its investment bank having to sell a whole slew of extra shares into the market? matthew: exactly. it will be a tough call they will have to make, goldman sachs, as the stabilization additionaling the 450 million shares that could be sold into the market. so i think if you look at the volumes we see today, volumes are pretty high, so there's some expectation shares could be offloaded while the price is high. but the flip side, is the government selling these back to themselves through various means? some funds, the government itself as a shareholder looking to sell, when other government funds are acting to support the price. a lothink as they talk aobut the circular economy in saudi arabia these days, and this could be one example of that. matt: matthew, thank you so much for joining us. matthew martin, middle east finance reporter joining us on day

goldman sachs. let's not forget, remember matt taibbe, the writer in "rolling stone" described goldman in 2009 as thelike a great vampire squad wrapped around the face of humanity. it was a classic line. they were the evil bank. they completely changed theirage. they will help green initiatives, stop investing in companies that use fossil fuels and try to help the underprivileged. stuart: can we get back to the days when an investment bank made a profit? that's what they really wanted. they want to make a profit. a big profit. so they can reinvest in all kinds of industries and make progress happen. ashley: they are caving here. they are caving to criticism. stuart: socially conscious. okay. now this. this is true. america has energy dominance. we have a surplus of oil and natural gas. we are energy independent. check this out from foxbusiness.com. quote, chevron takes a $10 billion charge, that's because of our cheap energy. look at this from the "journal." shale slowdown takes economic toll. north dakota senator john hoeven, republican from an energy state, with us today. mr. senator, this is the d

francine: that was the goldman sachs ceo david solomon speaking to matt miller.e back with patrick armstrong. the concern of negative rates is that they could go even further. is that a problem? >> is a problem for society, potentially. the wealth differentials have been really exasperated by the negative interest rates. if you are rich, you owned assets. . have got moreve's and those without haven't. picture, not just on bank profitability but the rise of populism and wealth differentials. francine: how does not get fixed? stimulus,ose fiscal particularly in europe. northern european countries have strong balance sheet. -- sheets. germany is screaming out for fiscal stimulus. inflation, central bank targeting, there's questions if that is even the right call. i think we probably do get to the point where they create some sort of inflation to get away from negative interest rates. there are consequences on pension funds and investors. those are questions central banks will have to start asking. francine: helicopter money where? >> whoever does it first wins. thin

goldman, total returns. they have lower capital requirements than regular trades. jp morgan has encouraged clients deals."sponsored matt: thank you very much. coming up, golden parachutes. turns year for wework into a massive severance package. we will look at the potential cost of a high-level exodus. isember, bloomberg radio live on your mobile device or on digital if you were in the london area. this is bloomberg. ♪ welcome back to bloomberg markets. this is the european open. we are currently less than 24 hours a day. we're looking at some red arrows there in terms of futures. it will be a very light trading day today and tomorrow. a gold end of the year rally is gaining ground even as investors target risk assets, including equities. again as funds plowed more money into bully on backed exchange traded funds. georgette boele is still with us, senior fx and precious metals strategist. i know you have a bullish outlook on gold, but you want to wait for a pullback before you get in, is that right? georgette: that is correct. longer-term, everything looks bullish for gold. at the end of next year, much higher gold pri