goldman sachs is no ordinary company.s is a very powerful investment bank that has historically won influence in many different administrations. george bush appointed former gold sachs ceo hank paulson as .is treasury secretary he was one of the primary architects of the bank bailouts. over the last eight years, we've seen goldman sachs aggressively lobbied the obama administration , seeking influence over financial reform, dodd frank. we expect goldman sachs to try to win influence with whoever is the next occupant of the white house. this isn't just a random company. this is a bank with a lot of political interest involved. amy: lee fang, you're also looking at this whole controversy around denver wasserman schultz. in the last week, there have been calls, especially bernie sanders, calling for her to be removed as head of the dnc because he feels she favors hillary clinton. sanders then supported her opponent in the congressional race in her own congressional race. --k about debbie wasserman debbie wasserman schultz an

first of all, in 2006, goldman sachs was punished quote in 2005 at settled 2007. 2006, goldman sachset revenue was almost $40 billion. in 2006, its net income was almost $10 billion. its bonus pool in 2006 was almost $5 billion. we have nine years later, goldman sachs gets to keep all of the revenue and the prophets it receives in 2005-2 thousand seven from its illegal conduct, inflating the housing bubble and the derivatives bubble and contributing to blowing up the global economy. it gets to keep the money for nine years. it pays the settlement nine years later. $5 billion. over half that is tax-deductible. it is not $5 billion. it means the rest of us will subsidize the settlement. on top of that, there is no individual accountability. banks do not commit crimes. bankers commit crimes. individuals. not a single individual at goldman sachs or any of the other major wall street too big have been punished in connection with the crimes. host: i want to give our viewers a chance to call. i will put the numbers on the screen -- this is how benjamin wagner describes the settlement you we

why is goldman sachs saying this?have one or two in the market you might as well just hold, but they see a lot of different risk so the risk to reward ratio doesn't add up right now so it's just better to not be in the stock market. onound like a broken record high valuations, still high valuations in the market right now. hikesn expects two rate but the market is pricing in an even chance of one or zero. to thee was a surprise up or down side, that could impact the market as well. it's an election year and they say every call they have, they are asking about the election and what it means for the stock market, so there is a big concert also. betty: what is the historical data on this? quick sometimes it works, sometimes it doesn't. just arguingy're that. there's a lot of risk out there, you might want to be a little more cautious. bank of america said the same thing last week. betty: are there any strong calls for the opposite? >> the average is around 21.50 which would be a five or 6% rise from where it is right now

a powerhouse of revenue goldman sachs has been.street until it becomes a vestige of what it is today? ray: i think we are in a long-term cycle for the financial institutions. prop trading is gone and has been wound down. the volatility in the environment, risk departments are telling people to take less risks. the volatility in markets has taken away a lot of opportunity, because they are not allowed to position for it. across the board, not picking on goldman in general. jon: lloyd blankfein is speaking now. i can bring you one of the headlines that stands out to me. a refocusing on the cost of the economy doesn't improve. the banks struggling with a cyclical industry. revenue is down. they cut costs. when you have the fat, you take it out. what they need to do. investment banking business seems to be off. ipo business is down. trading businesses aren't there. over the last 30 years, when that happens you cut costs. david: the question i have is triggered by jonathan's question, he called it " cyclical." if you're lloyd blankfein

he spoke about goldman sachs funding other campaigns on the trail. >> i know the guys goldman sachs. they have total, total, total over him. just like they have total control over hillary clinton. >> it's steve, he is a goldman sachs guy. >> david, it's not going to matter a hoot. donald trump is so popular right now, he's going to have so much free time on tv. the people care about what he says. they care about what he thin. they don't trust hillary clinton. they don't want another four year of barack obama. there's an uprising in this country and trump has the wind in his sails. >> said he's not only going to fund his own campaign, but some of the congressional races as wellful do you think he can? >> that's trump -- i guess, right, i don't think he can and the thing is is, he needs to get the gop establishment behind him. but he's served up so many knuckle sandwiches to these guys that think don't like him. the bush family isn't coming out for him. paul ryan, lindsey graham. this is a gop establishment that donald trump needs behind him. it feels like they have to apply novocain t

goldman sachs changing its tune on oil.ude call coming up. >>> and new this morning, apple's ceo tim cook arrives in china on a charm offensive. >>> and mark cuban for president. we'll tell you who is calling for the businessman to run as a third-party candidate. it is monday, may 16, 2016. "worldwide exchange" is coming up. >>> good morning. welcome back to "worldwide exchang exchange." i'm sara eisen. >> and i'm wilfred frost. >> we are looking for a higher start for wall street. dow futures up 24 points. s&p 500 up 3.6. nasdaq futures up 5.5. the economic data continues. with that, the ten-year treasury note as we get you started for the week ahead, 1.71 is the yield, slightly higher. minutes from the last fed meeting will be interesting on wednesday as we get more on the discussion of the federal reserve in terms of the risk. we'll also get consumer price inflation which is one of their mandates as everyone tries to figure out when the next rate hike is going to be. >>> let's have a look at global markets in european tr

to goldman sachs, they were not the only one. that is what it -- what every one of these damn banks was d oing. the other thing to understand, when we talk about america today. forwhy it is too late establishment politics and establishment economics. goldman sachs, the other major wall street banks, operated in a fraudulent manner. goldman sachs paid $5 billion in settlement. but that is not all. over the last 25 years, the political power of goldman sachs through the revolving door process meant that at least two top executives at goldman sachs went on to become secretaries of the treasury. thank god for that he bailed us o an what the revolving door means is you work on wall street, you go into the government and you represent wall street and the government and then you go back to wall street. that is what the revolving doors are. what goldman sachs has done over the years like other wall street financial institutions, they have made huge -- and i mean huge -- topaign contributions politicians of all stripes. and here is the la

solomon, cohead of investment banking at goldman sachs. make sure toteel, stay with her because she will be speaking with the goldman sachs head of research jeff curry. his comments always closely watched. let's check in on the bloomberg first word news. taylor riggs has more. taylor: baghdad has been hit by another wave of deadly bombings. the attacks targeted shiite neighborhoods, and the islamic state spade -- claimed responsibility. more than 200 have died in the attacks in and around baghdad in the last week. in the moments before an amtrak train went off the rails last year, the engineer was distracted by a report that another train was hit by a rock. that was one of the findings. .ight people were killed they also said a key backup safety system was not in place. investigators say it would provided a technological safety net. bernie sanders is hoping to make it four in a row. primaries are being held in kentucky and oregon, and hillary clinton's lead is almost insurmountable. he has won the last two primaries. the senate plans to vo

mark: goldman sachs says the dollar slump is over.e not always right when it comes to currency forecasting. they close the dollar position against an equally weighted basket of yen -- in february. they say the slump is over. rallyay the post payrolls shows that expectations for growth and fed reserve increases in interest rates have gone too far too fast, positioning the currency for a rebound. and estimates the dollar will rise 15% during the next two years as monetary policy normalizes. this is the bloomer dollar -- the bloomberg dollar spot index. that is the six month chart. falling to a one year low, almost a week or so ago. since then, it has rebounded for five days out of seven. busy not only talking about the dollar. it has also talked about the price of gold, raising its forecast. but scaling back expectations of rate hikes over the next year, but it does remain bearish on the metal's prospects. it has increased its 3, 6 and 12 month forecast. $100050 to respective. appearhe upsides -- limited, we see a number of catalyst for

at goldman sachs. thank you for coming in. when you look at the g7, four or five countries are made up of europe. a dealt with greece in correct manner last year that we would be away from it that we have one more problem. >> the big problem is a lack of growth and lack of inflation. in the headlines, since we have deflation in europe at the moment. so, we have very little pricing power for companies. the ecb has eased policy. not yet buying corporate bonds that they promised in march. we will see that in june. but yes, europe still has as much problems. talking about fiscal policy being talked about at the g-7. som e easing would help in euroe as well. francine: what does it mean for european equities? we were talking about the euchre plan. -- the juncker plan. moves quite slowly. and that frustrates investors as well. to be fair to europe, we have a few years ago europe was in recession. now it is at least growing. somewhat the deflation all thing in europe is caused by lower oil prices. now oil prices back about 50. eventua

a global co-heads of leveraged finance at goldman sachs or the americas.u so much. minutes, we've20 got more from that conference and david solomon will say why he sees improvement in the sector. shares of pandora are surging to their highest in almost two months and we will tell you what is sending them higher. impact ofthe economic the canadian wildfire and what it could mean for the oil patch. ♪ scarlet: this is bloomberg markets. home depot is the biggest drag in the dow industrials even after they posted earnings that beat analyst estimates and raised its full-year forecast. let's see what the numbers show. increased 6.5%s marking the 20th straight quarter of growth. it has not posted a negative comparable sales since early 2012. management said sale decelerated as the first quarter progressed which is giving investors some pause but it comes to annual ,ales, it's out pacingloew's both benefit from u.s. home prices. the cfo says they continue to see strengthen the housing market. lowe's will report earnings tomorrow. what more americans are fixing up

the goldman sachs call is feeling a gain in energy stocks. look at the groups on the move. energy shares up 1% as our materials. we are seeing that just oil prices higher but some of the other materials as well. on the downside, utilities and telecoms slower. otherwise, we have a lift in the commodity-led groups. oil prices are working higher on the call from goldman sachs. gold is also on the rise today. it is up by about 1%. interesting we are seeing a lift in stocks and gold at the same time. part of this is fueled by the e.t.f. buying of gold. e.t.f.dex tracks holdings of gold in the u.s. we have had a big lift this year as gold prices have risen. it is the 14th straight day these funds have seen inflows. it is a streak of people getting into gold. that is helping many of the gold miners. betty: big news about warren buffett seeing value in apple. julie: indeed. we are seeing apple shares rise as well as berkshire hathaway buys 9.8 million shares of the company. it makes them only the 56th shareholder. someone like warren buffett expressing this level of confidence in t

oil gaining as goldman sachs says the market has moved into a deficit earlier than expected. about $48 a barrel. we are seeing oil at its highest since november. what is the reason? goldman is forecasting the deficit. expected.ier than there are a couple of factors at play here. you have seen production, off in the u.s. and we have those supply outages in nigeria and more recently, data from china showing that domestic production there is the lowest in 14 months. the other factor is demand. it is a lot less talked about. we had the iea saying they are in that is largely built on demand, so demand and supply working to cut that third supply deficit and we are now in a deficit at the moment for the market. yvonne: we are around $48 a barrel. is there an argument that this rally could sustain? reporter: oil has done a lot of work since february. we are offering around the area are in q4.forecasts we are theravance earlier than expected. there are a couple of things in the play. stockpiles in the u.s. -- over 500 million barrels there. a cap on the market, rather than there is th

citi bank is an example, morgan stanley, goldman sachs. and it is interesting goldman sachs faced five billion, a slap on the wrist and they can move on. a they want to be your local community bank with your saving and checking account. the interesting thing is two very important parts to the story. the first part is believe it or not that is evidence that is financial reform is working. goldman was one of the highest risks and high flying investment banks before the crash. it's core business was making huge bets and gambling in finance. of course when the crash happens, they got to keep the upside and shifted the downside to the taxpayers of america. what financial reform is meant to do is require goldman sachs and the citi banks of the world going to bear the downside as well as the upside of their business models.he >> host: retail banking looks more profitable all of a sudden now. >> guest: it is. because the old rules when there were not any rules, their businesses were subsidized by the american taxpayer and we are trying to stop tha

againstb iaccino goldman sachs.ll on the dollar was one of the worst ones of the year. would disney be better off without usb and -- without espn? we have a top analyst who will give us his two cents. , michael segal on where he sees value. hour, four an minutes from the open. down around two points on the s&p 500. ♪ [ soft music ] e.t. phone home. when you find something you love, you can never get enough of it. change the way you experience tv with xfinity x1. shoah, ha ha.ew artist. show me top male artist. my whole belieber fan group. it's not a competition, but if it was i won. xfinity x1 lets you access the greatest library of billboard music awards moments, simply by using your voice. the billboard music awards, live sunday may 22nd, 8/5 pacific, only on abc. ." i this is "bloomberg am jonathan ferro. let's have a look at what futures are trading for it we are negative, dow futures up by 31 points. s&p futures negative. switch of the board quickly and we will get to the treasury market. a ton of supply c

let's dig more into that goldman sachs call saying that the dollar slump is over. the greenback has rallied almost 1% from a yet -- one year low reached last week. goldman says that the post payroll rally shows that market expectations for economic growth and fed interest rate increases may have fallen too far, too fast. positioning the currency for a rebound. the bank estimates the dollar will advance 15% during the next two years. very pleased to say that joining of benson.he cio let's get straight into this because we really want your take on whether the market is getting too negative on rate hikes. are you anticipating one at least because the market doesn't see one until 2017. >> i think you're right, there was a lot of negativity in terms of rate expectations but if you listen to what the fed chair is saying, she was a taken very gradual and she is very cautious against the backdrop of what has been strong economic data. she's looking further afield outside the u.s. at the macro headwinds it could cause a slowdown in the pace of interest rates. disagreed that

neither is goldman sachs. did goldman sachs make mistakes? did bank of america make mistakes? of course they did. but you don't indict all the employees. >> buffett said you should have been able to see or could have been able to see the problems at valeant from a mile away. you said before congress last week there were things you didn't understand about the business that you wish you had done better due diligence. you called it a failure of due diligence on your part. you called some of the practices horrible and wrong. >> i think it's wrong to buy a drug and mark the price up 5x even if the therapeutic value of the drug, in their mind they marked it to market. they hired a consultant, the consultant looked at alternative products and the therapeutic value and said this is an underpriced drug, this is an opportunity. if this were a specialty chemical company and they bought, we own platform specialty products, the platform bought a chemical used in industrial production and a comparable chemical was 6x the price and they bought a chemical and marked it up, no one would make i

goldman sachs said they did not expected to balance out so quickly. watching the hour before when you are talking about the price being influenced by nigeria. there is also venezuela. no one talks about venezuela. in this way the has been the thece on the supply -- hidden force on the supply. cropder nigeria, a there'll. we will probably lose another 200,000-300,000 barrels per day. we get the numbers because the major companies are producing there. on themuela, we relied to tell us what production is. they don't. oil you work on how much they are processing at refineries and how much they are exporting, the numbers do not add to what they claim they are producing. their supply is going down as well. goldman sachs has come out with a higher price number. francine: it goes back to the main question. we have been trying to figure it out since the start of the year, whether it was a supply and demand disruption which meant as a sagging of the oil price or something more fundamentally wrong with the economy. it means we should actually not look at the oil

jackie deangelis his more. >> a new order called for by goldman sachs. are the bears on wall street starting to get bullish? goldman changing the price target to $50 a barrel. goldman was one of the biggest bears on the streets at one point calling for $20 oil. we didn't see $20 exactly but earlier this year in february, we did get closer to 26 on oversupply concerns. goldman cautions that prices could grow lower in early 2017 bringing global inventory back up and seasonal trends show the demand dropped in the first quarter. estimates are a little less than 4 million barrels per day. highest output since 2008. production in the u.s. is steadily dropping. but other factors are impacting oil as well. perhaps maybe more persuasive than what goldman sachs is suggesting. >> demands running about 700, 800,000 barrels a day over last year, a really significant amount. it's a record at this point. the weak dollar has supported prices. we have lost production in the u.s. and in venezuela but opec keeps producing at record levels so that's kind of offsetting that

goldman sachs and bank of america have exited similar businesses.ics about how much has been held from saudi arabia. it is being released in response to an open records request. put just under 117 billion dollars since march, making saudi arabia the third among foreign nations holding u.s. at behind china and japan. and that is your bloomberg business flash. scarlet: let's head to julie hyman pier 1 have you got? at the s&pnt to look 500. mmr one. what are the movers today? as i was looking at this, the company that popped up on the top of the list as the best performer it is something i have never heard of. and i thought, what is in jeopardy? it is a spinoff from west rock, itself a result of a combination . what has happened is those two companies combine and created a packaging arm and on the other, this company, more the chemical side of the business. here is how they are trading on the session. when you seehe company's, you know what they are. as an introduction to these companies in the s&p 500. i am also watching globalstar, a company that is

but to be fair to goldman sachs, they were not the only one.t it -- what every one of these damn banks was doing. now, here's the other thing to understand, when we talk about america today. and why it is too late for establishment politics and establishment economics. goldman sachs, the other major wall street banks, operated in a fraudulent manner. goldman sachs paid $5 billion in settlement. but that is not all. over the last 25 years, the political power of goldman sachs through the revolving door process meant that at least two top executives at goldman sachs went on to become secretaries of the treasury. and many other executives assumed important positions in democratic and republican administrations. what the revolving door means is you work on wall street, you go into the government and you represent wall street and the government and then you go back to wall street. that is what the revolving doors are. thirdly, what goldman sachs has done over the years like other wall street financial institutions, they have made huge -- and i mean

long-time bear goldman sachs is changing its tune on the commodities. the details straight ahead. >>> new this morning, apple ceo tim cook arrives in china on which many are calling a charmed offensive. a live report from beijing coming up. >>> your money, your vote. donald trump weighs into the brexit debate. we'll tell you what the presidential nominee means for the uk and u.s. relations with britain if he's elected. you're watching "worldwide exchange" on cnbc.

the lead underwriter, goldman sachs. the same firm that just upgraded the stock to buy earlier today. noted short seller in muddy waters. one big warning for investors. find out if the next financial crisis is right around the corner. conference calls now under way from cisco and salesforce. >>> welcome back to "fast money." cisco at the highs of the after-hour session on earnings. dom chu with the latest from the conference call. >> up 6% on 2.7 million shares of volume. people seeing bullishness about the conference call right now. it's still ongoing. we're in the analysts' q&a portion of it. we are ramping a bit higher, though some would say the setup is we're still down 2% year-to-date. on the conference call, chuck robbins, the executive team at cisco, talking a little bit about where they see the growth. perhaps a little about the macro economic environment. this is the part of the report people pay attention, because it's the bellwether portion. and what are the growth drivers, and he was asked about the current e

oil surges, hitting a six-month high, this after goldman sachs has security issues have worked out the surplus. how is texas doing with the fluctuations in oil prices the governor of texas greg abbott joins us in the studio to talk about that and the state of the republican party. $17 billion holds in u.s. treasuries. providing some answers but raising more questions. stocks are at session highs. ramy inocencio has the latest. ramy: the dow, s&p, and the nasdaq at 1% higher or so. up nearly 20 points. the nasdaq up by 66 points. green, especially what happened on friday. we have basically erased our losses from friday. it is as if the past two days there really happened. about, itas talking is an energy-led rally. hownt to show you exactly green we are in terms of sectors. energy is up by nearly 1.6%. it has been the biggest leader by sector for the entire day. information technology not far behind. had been inerials the number two position, now in the number three position. take a look at where oil has been going to run the day. just at session highs by a little more than 3%. highis s

jpmorgan wants us to buy great stocks, and goldman sachs, it's a rehash of a rehash.lling time on the dollar drop, aren't they? reporter: yeah, that's an interesting one. the dollar on dubai gold. -- the dollar or by gold. -- buy gold. a hedge fund billionaire says the best quarter from 1986 could be the start of something bigger. talking about greek gold, jpmorgan has a call there. the ceo talks about how greek stocks are about to erase their 2016 losses. the stocks in athens are not the best performing in western europe. the jpmorgan is saying it is teed up late to get into the greek stockmarket rally that we see. contrast, morgan stanley and the like, they had been recommending greek stocks or greek banks later on this year, had it all comes back to the finances meeting we saw in brussels on monday, where we saw for the first time ever plans for debt relief in greece being seriously put on the table. they are trying hard to keep the imf as part of the bailout talks. todoubt greece will continue be important as we head towards the summer months. manus: i will be bac

at goldman sachs went on to become secretaries of the treasury.tives assumed a very important positions in democrat and republican administrations. you know what the revolving door means? it means you work on wall street, you go into the government, you represent wall street and the government, then you go back to wall street area --. what goldman sachs has done over the years like other institutions, they have made huge campaignan oftributions to politicians all stripes. here's the last thing we need to know about what is happening to goldman sachs. really gets he american people angry. today in kentucky or vermont, some kid gets picked up marijuana, and that kid will get a criminal record that will last his entire life. hang on, we'll deal with that in men. here's my point. if you're a kid with marijuana, you got a crop -- you get a criminal record, which is no joke. you try to get a job with a criminal record, it may not be easy. but if you are an executive on , if street, if you are a 1% you are part of the most powerful institution in america

he's a former goldman sachs partner. >> seth: goldman sachs?ht laughter ] maybe trump's gonna get one of those jackets now. [ laughter ] [ applause ] and if you're wondering which pink lady he is, he's definitely a rizzo. [ light laughter ] definitely a rizzo. so after spending months bashing special interests, trump has hired a former goldman sachs partner who will have to appeal to the very same gop donors trump dissed. but if anyone seems willing to accept trump's sudden change of heart, it's the gop establishment. because even as many in the party have sworn never to back him, others are falling in line, despite spending the entire primary season bashing him. here's just a small sampling of what republicans said about trump before. >> donald trump is a narcissist and he's an egomaniac. he's nonserious. he's a carnival act. >> how could anyone in my party think that this clown is fit to be president? >> donald trump now is sounding like a left-wing michael moore whacko. >> all of this stuff is just -- to me makes unqualified to be president.

goldman sachs out with positive comments on oil today.o get that and more on the supply outage in nigeria that is helping send oil to a six month high. but where, melissa, will oil close? >> good question. >> we'll find out the answer. choose your own oil adventure in three minutes. >>> i'm sharon epperson. here is your cnbc news update at this hour. john kerry says the u.s. will back libya in the global fight against isis and other terror groups. said this at a news conference after meeting other world leaders in vienna. >> we're not talking about troops and boots and that kind of intervention. we continue right now to assess the activity that is taking place and we're working with our partners to determine the best way forward to help libya to be able to deal with that threat. >> low cost airline ryan air will cut the amount it invests in britain if the country votes to leave the european union in the next month's referendum. the irish airline flies 40 million of the 100 million plus passengers to and from the uk. the ceo making that an

coming up, we will hear from the cohead of goldman sachs m&a. he will tell us what is in the pipeline. ♪ betty: time for a look at some of the biggest business stories in the news right now. is going allcer out to try to win back customers. the company is offering record high interest rates. the most heavily indebted company in emerging markets plans me proceeds and buyback as much as $3 billion in notes due in 2018. carl icahn cut to junk status. the agency caught icon enterprises from triple d minus. the value ratio is expected to say to 60% over the next of the year. that is your business flash update. and the day fundamentals are still there to drive the market, the assessment from the globals -- goldman sachs global investment m&a. he to alec still in an exclusive interview at the finance conference in california and talked about the m&a pipeline and regulatory issues surrounding market. the m&a vice -- environment is quite good though down from the 2015 record levels. 20% from last year, which probably understates the drop off. it is down

he borrowed money from goldman sachs. and now he's going to go after goldman sachs.'t work that way. goldman sachs owns him. remember that, folks. >> seth: they own ted cruz. hope they kept the receipt. [ laughter ] so that was the persona donald trump created, a political outsider self-funding his campaign who wasn't beholden to lobbyists or super pacs and would stand up to big banks like goldman sachs. but what happened to that donald trump after he won the nomination? >> donald trump is saying that he will not be self-funding -- [ buzzing ] -- his campaign for president as he goes on. instead, he's looking to raise about $1 billion. >> now he's hiring lobbyists -- [ buzzing ] -- to run his campaign. and beginning a major effort to enlist donors -- [ buzzing ] -- to pay for it. >> donald trump has just picked up the support of a major republican donor, oil billionaire t. boone pickens. plans to host a fund-raiser for the super pac next month. [ buzzing ] >> the trump campaign announcing a national finance chairman as they headed to the general election. steve mnuch

scarlet: we ask goldman sachs' jeff currie what happens to metal prices. realplus, the brazilian rallies as the impeachment of dilma rousseff gains momentum. ide,: and on macy's s there's demand an week -- week demand and fierce competition. scarlet: u.s. stocks are gaining more than 1% and the dow up more than 200 points and the major s&p 500 groups are higher today. if you look at it on an individual basis, this is the dow and s&p's best day since 2011. joe: real risk on appetite. a big rally in europe, rally in commodities. green everywhere. alix: talk about green,, talk about amazon? at its highest level ever. share,d to $1000 per looking at market expansion, and basically the profits will expand faster in the next two years. i want to contrast that with gap, down over 11%. same-store sales down in april and the reason i thought that was interesting, it is like the new retail versus the old retail -- joe: perfect dichotomy there. alix: cap could not get more people in its stores. joe: there is optimism about a deal in greece and you are looking at a on

the dollar index, despite goldman sachs talking about that going up.he new zealand dollar, that has been moving around about half a percent this morning. downward speculation of interest rate will be cut. we have goldman there is well. manus: we have indeed. it is interesting, how they all deliver. let's look across to rishaad, good afternoon, good morning from dubai. presidenthe brazilian is facing what could be her last day in office as the senate is gearing up for an impeachment vote that would force her out. major new suggesting the president needs more than 50 votes than a simple majority. donald trump's won the north virginia primaries. name was still on the ballot in nebraska and had hinted that he might we enter the contest if he had performed well. bernie sanders is projected to win west virginia. goldman sachs says the dollar slumped is over. after her dog -- poor jobs data. increases have fallen too far, too fast, the bank estimated dollar will advance 15% are in the next two years. it is dependent on the normalization of monetary policy in

and the managing director to american backed goldman sachs. companiesmedium-sized emphasize health and safety and employment regulations. the bank of england and international monetary fund mentioned the damage it could do. the british chancellor echoes those concerns. facts britain will be worse off. equivalent to 4300 pounds per household. leaving the eu is a one-way ticket to a poor britain. britain would lose 200 billion pounds a year and suffer from a lack of foreign investments. 40 million of its 100 million passengers a year from the u.k.. further investment but not if britain votes to leave. >> these jobs would be going to other countries. that's why they are campaigning so strongly for britain to remain in the eu. >> for a 9% want to stay in the eu. favoring.han those let's south korea set find the japanese carmaker for allegedly manipulating admissions test. they also them to recall hundred of suvs. a test ordered after the scandal showed nissan manipulated emissions test. bey said the fine would three hundred 30 million wands or aro

volatility spelling trouble for goldman sachs.operations to 10%. vonnie: it has been called the most exciting two minutes in sports. we look at the kentucky derby and who the favorites are. desk head to the markets where julie hyman

. >>> new this market, goldman sachs threw up a caution flag. we'll tell you why. >>> and decision 2016, hillary clinton moves closer to her party's presidential nomination. it's wednesday, may the 18th, 2016. "worldwide exchange" begins now. ♪ >>> good morning and welcome to "worldwide exchange," on cnbc. i'm sara eisen. >> and i'm wilfred frost. a very good morning from us as well. >> they're killing us with the music today. >> i don't like that one. it's weird that song. do you know that song? >> no. >>> political news overnight. let's catch you up on the numbers here and the results from the primaries, bernie sanders winning the oregon democratic primary contest but nbc is calls hillary clinton the winner in kentucky. now, she's within 100 of the delegates kneed to clinch the democratic nomination. much more on politics. what it it means going forward this hour. >>> that get us up to speed on the markets. around 1% for the main indices here in the states. we just flipped into the green on the futures market. about an hour or half an hour, on

in a deal led by goldman sachs, uber received $1 million to fund a line of drivers.rs to people who have been rejected by other lenders. they say the finance program for more than 100,000 drivers on the road. that is your business flash update. there is a lot of data in the next few days. this morning, personal spending came in stronger than expected in 1%. tomorrow, the latest manufacturing figures followed by the u.s. jobs report on friday. -- what didnates you make of the data? >> is hard to go with anything definitive from the consumer data. spending, a really big month over month jump. it fits with the story that the economy is clearly rebounding, which is a relief after the week numbers we got. then look at the data we got today about consumer sentiment. it was not so great. easy to get jobs, and hard to get, and by that measure, it is sold out. >> at is what we have been looking forward to all week. what are we expecting? >> the big thing is 160 k. unemployment rate at 5%. that is interesting. basically, since the financial crisis, a steady decline in the unem