applications by people seeking jobs at goldman sachs. don't think the reputation is hurting their talent, the pipeline, the employees or the client based on what he had to say. the way i interpret his view is that david solomon is safe for the next several years as long as they keep their plan to generate mid teens return and bring out the returns of asset wealth management. as long as they are on that path, sounds like david solomon is there to stay for quite some time. jon: what would be some of the things you would be watching on the execution front that would potentially help goldman to meet those goals over the next few years? >> every buddy try to protect the capital market cycle and several ceos including goldman sachs solomon himself saying things are picking up and we are starting to see more ipo's and they beget ipo's. the sentiment is turning around and tomorrow is fed day and if and when the fed is done raising rates, that could be a sign for more capital markets activity. the second would be the regulatory action taken by th

i'm getting this directly from inside of goldman sachs.ke a year but it's a week, that about 85% of employees have been working from the office this week. there was noticeable ramp up. it happened throughout the week. now why is this different? it's different because in the past it was something like 65%. goldman, like many other firms had flexible work weeks, work from home, some sort of a hybrid arrangement and in the office, but david solomon, one of the sticking points with the staff, why people thought he was too draconian and get into his standing inside of the company in a moment, one of those sticking points he wanted people back and they're starting to come back. the real question is david solomon turning the corner winning over the staff? seems almost like a day there isn't a story about internal dissension at goldman. liz, he has been talking to other wall street executives what he needs to turn around the optics of the firm, but by the way people are working back in the office doesn't mean they like david solomon. one issue the

let's turn to goldman sachs. the financial times is reporting that goldman sachs plans to dismiss underperformers as soon as next month as part of its annual staff evaluation. lizzy burden is here. what do we know about this? lizzy: the financial times says lists are being drafted as we speak with their not sure of the numbers just yet. during the pandemic, the annual cull of staff was pause but usually when you have plans like this it leads to 1-5% of staff losing their jobs across the company. the financial times says that goldman is targeting the lower end of that range but the expected victims are likely to be in core investment banking and trading as well. just look at the second quarter earnings. jennifer: it is concerning. it is concerning if you're hearing what the ceo david solomon is saying at this point. lizzy: he has given an interview to cnbc where he says he feels characterize. you have to ask whether -- this is a man who is somewhat characterizing himself as dj solomon. he likes to go around and en

because it's goldman sachs?anley, james gorman, ceo, he was not held in high esteem a decade ago, and a people said i don't want to own that stock. the ceo is an ex-consultant and this and that, and he was rough around the edges and said if you don't like it, don't work here basically. paid the employees in a lot of stock. it reminds you of david solomon right now. he's making the tough decisions, combined five asset management units into one, did pay people down last year. he is taking a 400 person partnership structure and putting a corporate-like temperature around the firm. goldman sachs has been public, it will be 25 years next year, but they've onlyp are started to act like a public company under david solomon for the last five years. >> you see that as a good thing? >> i think as a necessary thing. they have a reasonable strategic plan. to get to a 15% return on equity, growing asset and wealth management and then don't forget two-thirds of the business is 154-year-old global banking and markets which is

. >>> goldman sachs giving an optimistic outlook on the changes the u.s. will enter recession and the factors it is citing on the recessionary outlook improving. >>> and china's country garden appearing to avoid default and making payments on its debt. >>> in washington, d.c., lawmakers are set to return to work with a very lengthy to-do list. >>> and president biden weighing in on a potential strike by u.s. auto workers. the positive prognosis he is giving. it is the day after labor day and everyone is back to work. you are watching "worldwide exchange" here on cnbc. >>> good morning. welcome to "worldwide exchange." i'm cdominic chu in for frank holland. let's check on the futures following the long holiday weekend. we are off a bit. dow jones industrial average implied lower 50 points. s&p lower by 11. nasdaq down 71. checking in on the bond market right now, yields in focus here. relatively steady around the 4.2% for the 10-year treasury note. currently 4.216% for the 2-year treasury. in energy, oil prices are stubbornly high, but off a bit this mornin

the financial times reports goldman sachs is planning for a fresh round of job cuts.t between 1% to 5% of employees. the cuts which could come as soon as next month are performance based and part of the annual review process reinn p s -- reinstated last year. all this with david solomon firing back over his leadership at the bank. >> it is not fun watching the personal attacks in the press. obviously, we are a big organization and doing a lot of things in the world. scrutinize. i don't che't recognize the cha that has been painted of me. i tell you a lot of the colleagues are not shy about expressing their personal views. look, i reflect on it. you always look at it and we're focused on doing what we're doing. >>> walmart cutting the starting pay for employees stocking shelves and preparing online orders after hiking in march of 2021. new walmart employees joining the stocking teams will make $1 an hour less than they would have several months ago. the move following a wage increase for around 50,000 employees back in july with more in-store experience. >>> former ftx

that could be good for goldman sachs. >> that was a great interview. suggest you go to the web site and look at it. he did obviously talk about the criticism he was facing and about the future of david solomon and he brushed it off now and pointing to the strong quarter to come from an ipo perspective. >>> coming up on "street signs," ryan air boss faces a different type of meal after a run-in with protesters in brussels. >>> and saudi arabia state investment has a summer transfer window. arabile will dig into the numbers and give us details next. s. almost is just another word for not as good as mine. save 50% on the sleep number limited edition smart bed. plus, free home delivery when you add an adjustable base. shop now only at sleep number. when we started selling my health products online our shipping process was painfully slow. then we found shipstation. now we're shipping out orders 5 times faster and we're saving a ton. go to shipstation.com /tv and get 2 months free. the power goes out and we still have wifi to do our homework. and that's a go

he's heading goldman sachs up until 2021.s so great to get your perspective when it comes to the ins and outs of wall street. the people behind these sorts of deals. we also know that people have been backing these sorts of deals, the bench capital community. therefore, let's dig into the spotlight. we're taking a look at, overall, the i.p.o. pipeline, the excitement that breeds for certain players, such as m13. we've got the general partner joining us about some of the areas they've been allocating to of late. focusing on digital health in particular. you've got $900 million in assets and management. just for a moment, the i.p.o., the excitement, the exuberance of some companies that have backed becoming company. what does it mean when you're writing the check? >> thanks for having me on. it's incredibly exciting. to unlock the i.p.o. markets, that unlocks the growth market, which as an early stage investor, that's what we're looking for, and there's instacart, and then we think there's a significant pipeline of really great

we will bring you the words from the chief of goldman sachs, next. this is bloomberg. ♪ >> it is going to be hard to get inflation back to the target. that probably means if inflation is sticky, we will see additional interest rate increases, and ultimately that probably does lead to more of a slowdown in the economy. whether that's a recession, or just a slowdown, it's hard to say. but it would be unprecedented to go through this type of tightening cycle and not see us get to slower economic growth than what we're seeing right now. lizzy: goldman sachs ceo david solomon speaking at the american energy security summit panel in oklahoma city. let's get more with paul dobson, executive editor for asian markets. let's kick off with market pricing. as david solomon said, a slowdown may be on the cards. talk to us about what that looks like in terms of pricing in a late-cycle piece of the economic expansion. >> markets are a little confused by everything right now. in some ways, you can see that the soft landing pricing is still in there, and yet, there i

goldman sachs is a goliath in capital markets.if the capital market cycle comes back. this is a silver medal for david solomon. >> what's on the other side? >> you had to ask that i got the silver medal at the national power lifting championships on friday. >> power lifting he's got some muscles. >> the silver for david solomon. >> if goldman sachs in the low 200s, it would be a problem. it's all about the stock performance. it always is people don't care about spinning disks. >> i asked a question -- >> we've got to go >> we found out you're a power lifter we did it. we've gopt ten seconds. >> seven seconds we're only on this earth for the medium term if you think about it "squawk on the street" is next ♪ >>> good tuesday morning welcome to "squawk on the street." i'm carl quintanilla along with jim cramer and david faber the fed meeting begins, potus at the u.n. auto strike in day five. corporate events at intel, disney and others. roadmap begins with the fed watch. the street betting the central bank will stay put >> oil is tra

you sold goldman sachs. >> i did. the second earnings report was kind of ugly. don't think it's a damaged franchise but there's some hair on it right now. i do want to get out of the way. as we go through this september swoon and i put money back to work, it may well be goldman sachs but not at this price, not without more of that hair being shaved off of it. i'll listen to what they have to say. the palace intrigue doesn't invite me into the stock. >> what do you think he'll say? clean talk? >> how about if i tell you i don't know but it will make good tv, i'll watch. >> 4:15 eastern time, the two davids. >> morgan stanley is our favorite pick. capital markets should pick up. i expect you have to plan by that by owning it. you're avoiding the issues the regional banks have had and some of the delinquencies, you will not see that at bank of america or morgan stanley. (fan #1) there ya go! that's what i'm talkin' about! (josh allen) is this your plan to watch the game today? (hero fan) uh, yea. i have to watch my neighbors' nfl sunday ticket. (josh allen) it's no

a former goldman sachs trader partnering with billionaires who want a model city near travis air force base. >> this is not about me but the future of our country and what we can do here. >> reporter: man mind the mystery, a former goldman sachs trader who has come out of the shadows to meet with local and federal officials, revealing plans for a new city in solano county. >> we're excited about it. there's been a lot of concern and speculation, but it's a good plan. >> reporter: he's the ceo of california forever, parent company of flannery associates. they've bought more than 50,000 acres of land surrounding travis air force base, the largest single landowner in the country. deep pocket tech investors have bought in as well, more than $800 million so far. depict a community with walkable neighborhoods, shopping, dining, renewable energy and open space. >> do i trust him? not at all. >> reporter: congressman says it doesn't add up. he meat with sramek and two consultants today and says there are too many unanswered questions, including whether foreign vesters are involved and who they

a former goldman sachs trader is partnering with billionaires. >> they want to make this happen your travis air force base. hernandez has the exclusive interview. >> this is not about me it is about the future of the county. 4 meet the man behind the mistry. a former goldman sachs trader that has come out of the shadows to begin meeting with local and federal officials this week, revealing plans to build a new city and solano county. >> we are very excited. i know there has been a lot of concern and speculation. for he is the ceo of california forever. over the past five years, flannery has bought 50,000 acres of land surrounding travis air force base, becoming the largest landowner in the county. some deep pocket investors have bought into the project as well, spending more than $800 million so far. newly released renderings to pick the community with walkable neighborhoods, shopping, dining and renewable energy and opens the. >> do i trust in? no. >> congressman garamendi said it just doesn't add up. he met with him in two consultants. is that there are far too many unanswered ques

. >>> finalcountdown three for three in pricing >>> plus, goldman sachs reportedly ready to deal away its troubled lender green sky, and elon musk is asking volunteer if they would like a brain implant. let that soak in it's wednesday, september 20th you're watching "worldwide exchange" right here on cnbc ♪ >>> good morning welcome to "worldwide exchange." i'm frank holland. coming to you live from the washington, dc, bureau the most important market for investors is happening right here at the nation's capitol as we always do, we'll kick off with a modest day of trading that i posted their second down day in three take a look at futures now in the green across the board looks like the dow would open up 35, 40 points higher. as we always say, it's early the 10-year sitting at 4.34% right now. the 2-year note ticking up a few basis points for that yield there. we continue to watch the bond action all morning long as we lead up to that big fed decision later today. also in energy, a recent thorn in jay powell's side we look at wtis, the u.s. benchmark right now at under 90 bucks a barre

i would say ubs as of now more so lies with goldman sachs.ur economists are calling it a soft-ish. there could be some bumps in the road. when we look at the economic data, a has been surprisingly resilient. you look at labor data, inflation data and so far the economic data does support the soft landing scenario. so we do believe the risks of a recession have receded and we are calling right now for this type of lending. >> if that is the case, what will happen with inflation? will consumers continue to hold up? we know excess savings has been dipping maybe to a concern in extent. cracks in the housing market as well. >> our view is bad disinflation will likely continue. that is why our economists expect we likely have seen the end of the fed's tightening cycle. by the time november rolls around, it is likely we will continue to see inflation softening. economic data points to an end to the tightening cycle. when we look at bonds, i know you'll to have been very volatile, but when we look at guilds, we believe it makes sense to lock those in

make the case for investors in goldman sachs, especially at a time when there's a lot of question marks around banks. i thought some of the comments, banks being regulated , we've dg into that and continue to do. that's going to do it for us here at "overtime." >> "fast money" starts now. >>> live from the nasdaq market site in the heart of new york city's times square, this is "fast money." here's what's on tap tonight. the nasdaq dropping for the fourth straight day as apple keeps dragging the index lower. the tech tie on the down over 6% in the last two days. is this all about the crackdown in china? and if so, how worried should companies like nike, tesla, be right now? a deep dive coming up. >>> plus, $100 billion opportunity. that's how big jpmorgan says the market for weight loss drugs could be. just how much could that mean for the biggest players in the space? we'll debate that. >>> and later, are you ready for some football? and some sports betting. nbc's magic wall maestro steve kornacki will take us inside the numbers. i'm melissa lee, coming to you live from studio b at the

you own goldman sachs as a position. do you agree with what solomon says? i guess part of me says you have to, you own the stock still and buy into the goldman thesis at least a little bit. >> yep. first of all, i have a bone to pick with dave. i was riding my bike and he blew right by me like i was standing still. he may be in better shape than me though i doubt it. talking about the pipeline maybe opening up sooner than expected. right now bankers think the back half of '24 is when it will be, does it matter if you take a long-term view if it's the front half or back half. you talk to bankers all day long at lots of firms, the pipeline is bigger than it's ever been for ipos and for secondaries. where you won't see the recovery is in m&a and the reason is it was down 16% is because interest rates are so high. i don't think anybody expects it to recover but when you're looking to buy a companies there's a big difference between the affordability and your debt service when rates are at curr currently 5 plus percent. goldman what david said this is sort of no

goldman sachs is calling this a new -- no rules market.hat's a direct quote from scott ruffner somebody that has been studying the flow of equity funds for more than two decades here. essentially what is driving the decision or view from goldman sachs is the actions in the options market. ruffner is looking at ctas or commodity trading advisors in particular. ctas serve momentum in markets by taking long and short bets in the futures area instead. rogner is saying in the next couple weeks they will be forced to unload or unwind at $48 billion of global stocks even if we see benchmark standing still or continuing to churn as they have for the last couple sessions. we have seen over the past couple months the s&p 500 for instance has broken below key thresholds. it causes selling for systemic funds. when they are calling the bottom for stocks, they are saying it could happen the first half of october. that's a couple weeks away. that is the view from rubner that the stocks set off intensify short-term. haidi: jp morgan is doubling down on hi

a lot of concerns over at goldman sachs.hey're suggesting they they 12 months from now the price will be $100 for a barrel of wti. >> we've been talking about this it would filter through, but the -- you know, it depends on how you believe. there's two sides to everything, it seems like. i could debate either side it does hurt demand. we're going to be about $4 a gallon and that may cause people to rein in spending on other things it's deflationary and inflationary i could see both ways. >> it works its way into every single thing from items that have to be delivered to manufacturing. the one thick we did see from bank of america, remember we had them in and we talked about what they saw over the last month much more went to energy and it came away from goods. >> zero sum gains when you argue with the government or zero sum about it with certain people there are zero sum things about what you have per month if x amount -- there are people who shop -- i go to the grocery store every day. i don't know why. >> because you like

incident with himself and jonathan ross, where they left an answerphone message on the actor andrew sachsl talking about the sexual activity of his granddaughter. so we're waiting to see what's going to be in this documentary later tonight, what the other people involved are going to say. but these are, as you say, very, very serious allegations made against russell brand, allegations which he emphatically denies. we heard there about the response from russell brand, here's a clip from a video he's posted online. i've received two extremely disturbing letters or a letter and an email, one from a mainstream media tv company, one from a newspaper listing a litany of extremely egregious and aggressive attacks, as well as some pretty stupid stuff like my community festival should be stopped, that i shouldn't be able to attack mainstream media narratives on this channel. but amidst this litany of astonishing rather baroque attacks are some very serious allegations that i absolutely refute. russell brand is actually due to appear at an event in london. the bbc�*s chi chi izundu is there. we're

i do apologise for these terrible attacks, andrew sachs...ries in the papers about his conduct in the studio. his career is a showreel of moments that cross boundaries. things was getting a bit fruity out there. all right, liz? thank you. well... it's been really... don't be nervous. it starts in august, i in abu dhabi, right? you're ovulating! i'm ovulating? oh, my god. oh, wow. i but when we caught up today with his former agent there was, he says, over those years, nothing untoward to report. i've never had any complaints about him, other than turning up late, that kind of thing. however, for alice, she has memories that some people close to brand did have concerns about her being 16. they said it wasn't a good look for him and for his career. there was some kind of discussions, "well, maybe we can say she's your goddaughter." and now, with further allegations emerging, a statement from his promoters, saying, the remaining shows on his current tour have been postponed. a big story that we are looking ahead to it, china's top diplomat wang

goldman sachs according to bloomberg had more than a 40% share of deals.ket but significant chance to gain some share. i want to point really quickly to another bank because they are also on a number of deals this year, one of the top underwriters on this on deal who just bought greenhill, the investment bank who has been fighting to get on more ipos. it is a pretty pivotal moment for a lot of these bankers. alix: 28 banks. you mentioned some ipos for next week, goldman being on top for that. what else should we be looking for? >>>> they involve several dozen, as we've been saying across all the deals. instacart, sophia. this is the first deal that sophia is going to be underwriting. we do see the idea here that sophia has been on almost a dozen ipos in terms of the allocations, but they put up capital here to actually underwrite this deal. there are a lot of other banks, women-owned banks, minority-owned banks, boutique banks all getting in on the action. the one that is not there yet but i'm curious about is kkr, the private equity firm that has been loo

sachs was nearly 80. exactly.tions to answer as a culture about why someone like that was was allowed such a free rein. and, you know, it doesn't surprise me that has been accused of that he has been accused of these things. it's like, you know, du bas relief themselves in the woods, but it doesn't mean to say that you know, if he if he is guilty of rape, if he is guilty of those things, he shouldn't be held accountable. of be of course he should be held accountable think accountable. but i think that there is a way of doing this. it has to be done in a calm objective way. and this today, what we're seeing in the papers, what we're seeing in the papers, what we're seeing on the news is not calm and objective. and that's that's the problem. because the thing is , if we because the thing is, if we don't it that way , it don't do it that way, it diminishes all of the victims. if they are victims and it diminishes all sorts of victims of sexual assault, we have to, as society, very as a society, be very responsible ho

marlene sachs says she's been tracking oakland's 911 dispatch response time for six years. she says she couldn't get through to 911 when her home was burglarized. and sachs says after two grand jury investigation into this matter, there's no excuse that oakland's 911 response time has not improved. there's no oversight and there's no accountability. heads should be rolling because of this failure. on wednesday, oakland police held a communications dispatcher information night to recruit. but critics say public safety does not appear to be a priority for city leaders. we've had a change in leadership, but there's not a change in what's happening for the safety of oakland residents. the city administration has authorized continuous recruitment for new dispatchers. it says the oakland police department has interviewed 54 candidates for recruit positions since june, but did not say when. dispatcher positions will be filled. mike amber lee live tonight in oakland. amber, thank you for that. also in the east bay, new information about a man accused of touching minors right near a

let's bring in elizabeth burton of goldman sachs. you. >> good to see you. >> so, we have, as wesaid, the nasdaq down 8%. global indexes down at least 6% or 7%. also bonds are off. we know that to say the least. where does that leave you in terms of figuring out where some opportunities have been created and where there's a better risk/reward. >> what's interesting is we just completed our annual global private alternative investment survey at goldman sachs. it's available on our website. we found that investors are becoming more constructive on the markets with at least 90% of them thinking the markets are stabilizing or improving over the last year. what's also interesting is in that same report they think that private markets, private equity can be expensive while public equity is expensive. they see public real estate as somewhat cheaper. does that fit with how you're viewing the world or how you at the firm would suggest you should position? >> i think there are some differences. one interesting thing from the report is that inv

no, is this andrew sachs' answerphone? well, jonathan, this is unconventional. controversy throughout his career. when the bbc parted company with him in 2008 over sexually offensive answerphone messages. # i do apologise for these terrible attacks. # andrew sachs. there have been other stories in the papers about his conduct in the studio. his career is a showreel of moments that cross boundaries. things was getting a bit fruity out there. all right, liz? thank you. well... it's been really... don't be nervous. it starts in august, in abu dhabi, right? you're ovulating! i'm ovulating? oh, my god. oh, wow. when we caught up today with his former agent there was, he says, over those years, nothing untoward to report. i've never had any complaints about him, other than turning up late, that kind of thing. however, for alice, she has memories that some people close to brand did have concerns about her being 16. they said it wasn't a good look for him and for his career. and there was some kind of discussions, "well, maybe we can say she's your goddaughter." and now

let's talk goldman sachs. goldman sachs downgrading, in this case, it's a good downgrade.yan hatsia says a september rate hike is now off the table. let's bring in jared bernstein, chairman of the president's council of economic advisers. jared, thanks for joining pups good to see you this morning. what is the message that you're bringing us today, as you do, from all -- all of the president and all of his men? what point do you want to make? >> men and women. >> men and women. let's start with jan, a great economist. i know you have jan on frequently. he's a prize-winning forecaster. the reason he gave for the markdown from 20 to 15%, which by the way, 15% is the unconditional probability of a recession in any given time, were three factors, encouraging news on inflation, favorable real income, which of course, is related to encouraging news on inflation, and what they call over at goldman the closing of the job worker gap. meaning, cooling in the labor market, realigning supply and demand. so i think the overall macro message from our space is that bi bidenomics in actio

last week my pal interviewed the ceo of goldman sachs.en it comes to substance i thought he told a great story about goldman business. we own morgan stanley and the trust. goldman is looking good. let's sit back and look at the bond deals, the mergers in the ipo market that came back from the dead and i cross that with the lack of serious credit risk pre-corporate balance sheets are in great shape i think investment banks could be one of the lowest risk and highest out there. we you think of where the stocks come from they have been crushed by regulatory's ever since -- it is hard to believe that many banking crisis has occurred. now they are not hat sharp. we have seen the artificial intelligence i think banks need to be precise about risk and try to keep cost down and some of the biggest winners from ai, practical biggest winners the best of all with tech, you are at command of highs. what is it like to recommend something that is solid? kind of like buying a interior lineman stock even if you do cash in your quarterback stock. it is a

i do apologise for these terrible attacks, andrew sachs...here have been other stories in the papers about his conduct in the studio. his career is a showreel of moments that cross boundaries. things was getting a bit fruity out there. all right, liz? thank you. well... it's been really... don't be nervous. it starts in august, i in abu dhabi, right? you're ovulating! i'm ovulating? oh, my god. i oh, wow. but when we caught up today with his former agent there was, he says, over those years, nothing untoward to report. i've never had any complaints about him, other than turning up late, that kind of thing. however, for alice, she has memories that some people close to brand did have concerns about her being 16. they said it wasn't a good look for him and for his career. there was some kind of discussions, "well, maybe we can say she's your goddaughter." and now, with further allegations emerging, a statement from his promoters, saying, the remaining shows on his current tour have been postponed. david's here, along with lucy manning. do you l

no, is this andrew sachs' answerphone? well, jonathan, this is unconventional. i'll blurt something out. don't blurt something out! he has been courting controversy throughout his career. when the bbc parted company with him in 2008 over sexually offensive answerphone messages. # i do apologise for these terrible attacks # andrew sachs... there have been other stories in the papers about his conduct in the studio. his career is a showreel of moments that cross boundaries. things was getting a bit fruity out there. all right, liz? thank you. well... it's been really... don't be nervous. it starts in august, i in abu dhabi, right? you're ovulating! i'm ovulating? oh, my god. oh, wow. when we caught up today with his former agent there was, he says, over those years, nothing untoward to report. i've never had any complaints about him, other than turning up late, that kind of thing. however, for alice, she has memories that some people close to brand did have concerns about her being 16. they said it wasn't a good look for him and for his career. and there was some

goldman sachs says forget it we're having a soft landings summer. i will ask frances donald if she sees that. one of the traders, jon najarian said last time he was here you won't believe how much money he made. but he has new ideas after the break. ♪. only at vanguard, you're more than just an investor—you're an owner. we got this, babe. that means that your dreams are ours too. and our financial planning tools can help you reach them. that's the value of ownership. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. ♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie

[laughter] liz: former goldman sachs pr, and we won't say flak, america aeve, thank you. funds popping as market regulators hint about a changes to foreign investment making things a little bit easier for foreign money to flow in. will the moves for more investment in china's $9.4 trillion stock market, would that also spur investment from emerging markets? mark mobius. earlier this year he told fox business viewers to be very, very careful investing in china. mobius joins us live next in a fox business exclusive. with the closing bell ringing in 15 and a half minutes, look at the dow now, it has completely reversed once again, down 69 points. we're coming right back on this friday. ♪ ♪ (vo) while you may not be running an architectural firm, tending hives of honeybees, and mentoring a teenager — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you help others. so you can live your life. that's life well planned. ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the m

questions for morgan stanley goldman sachs, if china starts to fall off in terms of the consumer andhat high end in europe and the u.s. starts to look more fragile, where is the support for luxury? so is it starting to look cheap enough now? or do we see more downside before you want more exposure? alix: research affiliates founder known for his warnings on the dangers of bloated mega caps. >> the tailwinds for value in the coming couple of years and extending over the coming decade are simple. first, it is near record cheapness. it reached an all-time record cheapness by many measures. you do not often get a triple bottom, a third bite at the apple when something gets abnormally cheap. tom: that brings us to our question of the day, our tech and luxury on sale? -- are tech and luxury on sale? let's start with the luxury space. what do you make of the downside for that sector? where is the concern most acute? is it the china impetus not coming true? or is it the euro potentially headed for a recession? >> it is all 3 -- china, europe, worries about spending in the u.s.. through the l

let's talk about goldman sachs. the ai bubble use may be overblown.he firm is saying that ai valuations are less extreme. from new york and san francisco and brussels, this is bloombrg technology. ♪ it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything. ed: welcome back. caroline: let's get a quick check on the markets. a lackluster start as we currently see the nasdaq 100 of about a 10th of a percent. a switch into a buying mode as we carry on the day. people cautious to get back to the abiding as we see the new start of september. usually a lot of bounce in the investment grade. the two year yield is up six basis points. it will put pressure on the overall u.s. treasuries. we have a myriad of macro data, ugly in china and europe. the dollar outperform as may be a place of safety and work rates are likely to have to beat higher than longer. bitcoin down. some of the

penicillin, ampacillin and more, and then there are liquid drugs, sterilizing pointmens and semi-solid saches. we're going to get in-depth look at these four different types of exclusive drugs and talk about what they do, what they contain, and what kind of infections or inflammation. they attempt to combat. so this is the part where they package the liquid solutions that are meant to be taken orally by the animals. there are a couple of liquid solutions that are not meant for oral use, and those are the duramectine based and levamisol based drugs that are right here. so they are made in the same facility, but they are not meant for oral use, they are actually meant for as a poron solution to be rubbed on the skin of the animal for it to then be absorbed by the skin and have its effect in the inside of the body as well, so i'm going to start with uh, actually both of them have antiparasitic effects, i'm going to start with the lever misol solution, so level misol 20% solution, the difference that it has with the common one that are at 7.5%, because of the high toxicity levels of regular level

goldman sachs witput out a repo talking about the effects of which they last for a few weeks. it could have a significant effect we're at a point. and at this point, most economists there's a 90 chance it's going to happen. the political opinions here have become more ebb trenched. we saw a situation with the clinton administration, where republicans came in and tried to force the administration to take conservative fiscal positions. i think this is going to last awhile. the press has been doubling down on their own positions recently. you see them walking a picket line with workers. so i do think it's going to have an impact. and it's unfortunate for the american people. >> to your last point there, there was a time when one would think keeping the government open is a given or at the very least something that would be routine procedure. you cited previous administrations, but how did we get here to where we are right now. >> great question. basically, both parties have become more polarized. i would say the republican party in general has become extremely polarized you're se

is that was jennice sachs reporting for us now.ry people nationwide are saving and earning less, but they have not stopped spending. new data from the commerce department shows that income growth slowed in july, but the spending rate did not. meanwhile, the personal savings rate fell to 3.5% in july, which is down from 4.3% in june. now before the pandemic, data shows savings rates were averaging almost 9% in 2019, personal finance experts are weighing in on this data with ways to save money. first, change where you shop. go to stores may be convenient to your home or work, but you might not be getting the best prices there. number two, reconsider your activities for the week if you plan to commute to work, you can, in some cases , take public transit to save gas again, here in the bay area, you do have to crunch the numbers on that first because transit can in some cases be just as expensive as driving. the third, though, rethink your subscription services. fourth, prioritize the services you usually pay for. maybe wash your own c

goldman sachs says it will start at $1200 for the pro and is worth the money.es in it. positive commentary from goldman sachs. stuart: do we have more price cuts for tesla? lauren: how much does the costs is the most confusing story of the year because it is constantly changing. right now tesla has cut prices for its high end model x by 14% to 21%. in the us and china, why? they lost, they launched a new model, model 3, in china. they are launching a new car for the first time in china in the united states. more miles to the charge then it looks like. costs more than the previous model 3. speaking of price cuts. ahead of an anticipated launch in the us they are cutting model 3 prices as well. these are more affordable cars. in some cases, $5500. stuart: sounds good to me. stock is up again, 258. i see you this morning a huge pop, still down, 16%. in the prompter i see the words ai. always explained. lauren: will uses servers for generate of ai application. the first half of this year those ai servers are served revenue. that's impressive. it is growing. investo

. >> i think if you take it i've a whole if you look at goldman sachs, i think they have been really good at looking at earnings this year i think earnings next year is 235-to 37. the biggest sector for growth next year from year-over-year is technology looking to be present earnings growth. i think that if you parse through and look at the individual names i think that is where you will see topline growth. the other names like apple, apple specifically have been much softer and have really used the bottom line, reducing the earnings per share. i think ultimately as we are at the higher end of the range you want to see with these big mega caps, that revenue number start to actually improve. otherwise, i think those individual names will be fairly valued over the next 3-6 months. >> scott, i know you've done some work on the growth versus value dynamic and why there is more resiliency, but also how the companies themselves maybe not as vulnerable to a higher yield environment. you mentioned they have huge piles of cash in which they are earning 5% on. it offsets some of the evaluation

he's a former goldman sachs trader and partnering with some silicon valley billionaires, who want to build a model city. jodi hernandez has this interview. >> this is not about me, but about the future of solano county and what we can do here. >> reporter: meet the man behind the mystery. a former goldman sachs trader, who has come out of the shadows to begin meeting with local and federal officials this week, revealing plans to build a new city in solano county. >> we are very excited about it. i know there's been a lot of concern and speculation, but we think this is a good plan. >> reporter: he's the ceo of california forever, the parent company of flannery associates. flannery has bought more than 50,000 acres of land surrounding travis air force base. some deep pocket silicon valley tech investors have bought into the project, as well. spending more than $800 million so far. newly released renderings depict a community with walk about neighborhoods, shopping, dining, renewable energy and open space. >> do i trust him? no, not at all. >> reporter: but this congressman says it jus

fedex, goldman sachs ahead of earnings next week you own fedex. >> a huge winner. a very difficult year last year. let's be clear on that. for me, as i look at bankruptcy of the redistribution of spend the structural cost cutting about $4 billion in 2025. another $2 billion in 2027. i like this name. when we look at the consumer and goods to services, there is some concern there. i think with a new ceo focused on shareholder value, they up the dividend by about 10% in the last quarter. i like the stock. >> weiss, didn't you own fedex not all that long ago? >> i did, sold it prematurely, clearly. look, there are a lot of tail winds here. you had some of the u.p.s. business move over to fedex when they were certain about the impact of the strike. yellow going out of business, that helped pick up pricing and it also helped chick volume to fedex. however, we are seeing a slowdown despite the number today, in consumer purchases, and that will impact. i believe with the new management they've put enough in the tank to make sure they have another good quarter. so i expect

according to a report published by the investment bank goldman sachs, gta-like technologies can be usedion jobs in the world may be influential, these fake videos may seem real at first glance , but in reality they are fake, in other words , they are fake videos or deep fronts of celebrities . don't mislead anyone with such a video they are made to deceive people, spread advertisements, influence the public mind and other things. the boat with the most concern of these videos is about the production of obscene content, deep sentence technology has become a kind of weapon against women, and people have made me look obscene and published them in cyberspace. making this a global problem affects the devastating impact of fake pornographic videos and tarnishes the reputation of victims or intelligence-based fraud.

goldman sachs wants employees in the office a full five days a week.any's summer fridays policy which allows people to skip out early. and the workers better be careful. "new york times" workers are trying to stop management from monitoring badge swipes to see if they are following the papers returned to office mandate. all right, jesse, one study found workers who preferred working from home produced substantially less productive work. 27% less productive work than they did when they were at the office. so is it any surprise that the "times" ceos wants them back? >> jesse: if i am a ceo, big time. i'm not a ceo, but if i was running thing, i would absolutely want 100% of the office back. if you are living in the suburbs and working remotely, who are you seeing all day? you are seeing your wife, may be seeing your child, but that is it. when i am commuting income i'm not saying they are not stimulating, but if you are just sitting in your home office and living room, seeing your family all day, maybe your mother-in-law, you are not absorbing life. you

goldman sachs cutting those chances to just 15%.

>> the partners at goldman sachs and former partners of goldman sachs has been a soap opera. you go back -- >> before they were public. >> how about hank? >> a soap opera, too. >> i don't remember people saying he is not good. >> it was a soap opera because he was going to take the company public and ruin the partnership. at some point along the way -- >> i don't remember bob chapek-type where this guy should not be in the job. >> his point yesterday when the point was made of several partners left and five in one week. he said that is not any different. >> the stock is fine. i'm looking at it. you do back to november of 2013. look at the stock. i was checking apple. the next story here. down 6%. fell 3% yesterday. 6% in the last three sessions. the all-time high is just under -- apple. down 10% from the all-time high? the quick calculation. >> the dip just in the last few days is $200 billion. of course, a huge company. >> it is an important market driver, obviously. the most important. maybe on a yearly chart, it is down a little. 177. the high is 197. 196. >> for the one-y

and i'm let me do reporting on goldman sachs when the new man does a or something you've done that gets killed. you keep visa, go use someone to make a man because on his own big secret meeting meant the gala people busy with those instead of having that. yeah. and is it can they've been that basically a lindsey off and then the love thought the on the beach florida us little for the love it a little got out a little bit and on the money, this is up, say the cxc. and then saw it all the time the body of the body ba. ready ba, ba, ba, ba, ba is subject to the police have gotten used to deal. we like to and, you know, kindly pretty yeah, we're going to turn it back to you. you still don't, you're not going to the property and i'm going to be in the area until the easy that on the internet at the beginning. and here's the big is opposite little archway. they said that he will get both of them buckets. good. so i put in the 3041 box in the case, the jeremiah never done any what i will, but i'm just the boy starting a jack on the year in the what is the odd? yeah. one moment because i'm this

according to the report of goldman sachs bank , a large part of the supply chain and the target market of british industries are made up of european union member states. it is predicted that next year, about 7 thousand companies in this country will be broken, and the export of ukrainian grain has become a controversial issue between this country and the european union . it has announced a temporary ban on the import of ukrainian castles from its farmers, and will no longer export weapons to ukraine. the details of the ban on sending weapons are not yet clear, but the announcement of the polish prime minister's decision , which has escalated tensions, is being sent to ukraine. we intend to defend ourselves with the most advanced weapons. one of the staunch supporters of ukraine have been in the fight against russia and have provided tanks, artillery ammunition and one million refugees, but the eltan grain import route threatens all of this. the president accused poland, slovakia and hungary of playing a political show in the united nations general assembly . it helps but falls to the e