we decided he should come home to goldman sachs.are thrilled he is spending time with our clients, has deep client relationships. he has always been a leader, mentor to people he believes in deeply. another senior leader who can spend time with all of us in the culture of goldman sachs. we have 4000 people in dallas, texas now. it puts another senior leader in dallas, which is important for us. and he certainly has a view on the macro. having rob coordinate with our research team, available to talk to our clients about what we see going on in the macro, is in an area we can contribute. we are thrilled to have rob back as a senior statesman in the firm. jonathan: when i dial goldman for the fed call, do i dial jan hatsius or rob? david: i would be happy to give you opinions on that also, as with 40 others. the range of opinions, we have a range of opinions, but it is one of debate. i feel so lucky, there are so many smart partners at goldman sachs out in the world talking to people. as you do that, you learn. you bring perspective to

goldman sachs gets really upset when you mentioned this because they pretend they had no choice and ifare happy to oblige, i personally find that rise ebola. maria: you also reported that sing us an american businessman who lives in china and he reportedly helps finance the chinese communist party propaganda worldwide, tell me about the ccp connection here. >> absolutely neville sing him as a wealthy individual who moved to china and he calls themselves a maoist, his wife, if your viewers are familiar with code pink which is far left anti-war organization that defends china so the new york times has covered this individual and others have covered this and is proud to work with the ccp and attend ccp meetings any funds left-wing organizations in the united states including the people's forum this is not just a normal anti-israel group this is a group that after the october 7 attacks in israel, if you remember in times square, the next day they were people celebrating these attacks and celebrating hamas. there is an individual waving a swastika around that protest in time square that was

sachs is in favor.hington and moscow, he does not see opportunities for achieving peace without respecting the interests of the kremlin, just as he does not see any intentions on the part of the state department to respect these interests. georgy lisoshvili, pavel nesterov, grigory emelyanov, channel one usa. vladimir putin sent a telegram to the president of uzbekistan shavkat mirziyoyev thanking him for the warm welcome during the state visit. orenburg region by denis pasler. the main topic is eliminating the consequences of the worst flood in decades. more than 7 billion rubles have already been transferred to the victims. however, the range of questions during the conversation is wider. anna kurbatova will continue. meeting with the president , the governor of the orenburg region brought with him a voluminous report on the results of the socio-economic development of the region, but putin suggested starting with something else. let's start with the most pressing issue with the floods, i know that yo

, professor sachs is a very famous economist, but in addition, he is an equally famous public figure,ely about today’s international relations, frankly speaking, about the significant difficulties that have arisen between russia and the united states, professor sachs, i am glad to welcome you, thank you very much for finding time, i already told you that you are now a real star of the first caliber in russia, your interview with tucker carlson was broadcast on almost all news channels and... the impression is created that it seems to them that they can do absolutely anything without fear consequences, the people of nato member countries understand that we are getting closer and closer to... a very dangerous line, we are getting closer and closer to a catastrophe, to a conflict for which there are no objective reasons or grounds, if you look at what is happening in nato, the usa , canada, great britain, germany, france, all other nato countries, there is not a single government that currently enjoys the support of the population in these countries. will the public in our countries be a

ultimately, sachs believes, this harms the states themselves, increasing distrust of washington, evens. what do you think about putin? he's very smart, he's very impressive runs russia, since he came out of the kgb, he understands how the us operates. we have become a state where the cia has absolutely exclusive influence, and putin understands this, so he has no illusions. does the cia influence the activities of the us government? definitely has a big impact. it is a tool for changing regimes. and the united states is the only country in the world that relies on regime change as a leading diplomatic maneuver. sachs advocates direct negotiations between joe biden and vladimir putin, an expert who has worked in washington and in moscow. he sees no possibility of achieving peace without respect. vladimir putin sent a telegram to the president of uzbekistan shavkat mirziyoyev thanking him for the warm welcome during his state visit. it ended the day before. the russian leader noted that the agreements reached during the negotiations will open up new opportunities for mutually beneficial

and then, you know, goldman sachs was making new highs until today. this idea in the capital markets financial conditions are still pretty loose you have volatility in credit spreads at multiyear lows. to me it's pretty strong underpinnings. the market finding its way to stay supported even if every time we've gotten into trouble in this market the last couple years because everybody kind of all of a sudden believes the soft landing thesis and nothing can go wrong. i'm not sure we're back at that yet. i question if a 5% wobble in april was enough. >> jamie dimon, you know, wonders still whether people are too optimistic on the soft landing trade. not to mention that, you know, that stock, jpmorgan, hits a new high today, then it pulls back, you know, they're having their investor day, he suggests i wouldn't buy back a lot of stock at these levels like he's calling a top on his stock because he can't believe how much the stocks have continued to run what do you make of his commentary >> i think he's being pure department and in the past he's been cauti

goldman sachs and j.p. morgan, they are best in breed. goldman sachs has repositioned themselves. executive management has done a phenomenal job in shedding the businesses that are not working under focused on the businesses that are. it is the capital markets, the advisory business and the investment made in technology the last several years. it is coming to fruition. >> that was a lot. 23% is a lot. a lot of exposure. it is especially leveraged to the space given your strategy. you have to wait things out to see how things move. the space over the last month as a group is up 7%. it will really continue. you call it the sweet spot. >> i think it is. look at the activity in the insurance industry. whether it is progressive, hartford, jabba. we have recommended it on halftime report. my final trade multiple times. >> the secret is revealed. >> they are watching the halftime report. >> they are listening to somebody, because that was their secret, the position they had been building. >> we know that is where the pressure is. private equity is there as well and we have ownership of a

there is more coming up including conversations with the french president and the ceo of goldman sachsstay with us. this is bloomberg. ♪ tom: welcome back to bloomberg daybreak: europe. making the news this tuesday, melinda french gates is resigning from her role as cochair of the bill and melinda gates foundation. in a post on x, she announced she is ready to move to the next chapter of her philanthropy work. she will depart with an additional $2.5 billion she has pledged to commit to her work on behalf of women and families. anglo american rejected a second takeover approach from a rival minor, bhp. they valued anglo at $43 billion. bhp is seeking to buy anglo for south american copper assets. bloomberg learned four parties in talks to form the next dutch government planned to cancel a 15% tax on share buybacks. the netherlands introduced the tax last year on share buybacks which is scheduled to come into effect in 2025, and it signaled -- trigger day cellophane shares when it was approved by the dutch parliament. a former ubs risk manager has slammed archegos capital management for

good to see you. >> david solomon, ceo of goldman sachs.head here, exxonmobil ceo, since they oscled that deal to buy pioneer. don't go anywhere. in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo . >>> we are back here in los angeles. exxon mobile completed its deal to acquire pioneer resources last week more than doubling its footprint in the premium basin. darren woods good to see you. >> good to see you. >> first time you've had chance to talk with us since the deal was completed. you had to do a deal with the ftc,sheffield is not on the board, but what happens now in terms of the things you've discussed and actually happens on the ground, particularly in the permian? >> now we get busy creating the value that was the premise for the deal. we've spent the last six months working with the clean team with pioneer thinking about integration plans loushgs we bring these two organizations together. i tell you today, david, i'm more confident than ever tha

and subsequent years, thank you very much, well, you saw putin, it’s interesting what putin, jeffrey sachs takira carlson, look what you think about putin? very smart, he runs russia very effectively, since he came out of the kgb, he understands how the usa operates, we have become a state where the cia has absolutely exclusive influence, and putin understands this, he does not like it, but he understands it, and his experience, especially because he... comes from the kgb, he has no illusions about the united states. i wish we could prove him wrong, but we don't. how influential the cia is in the activities of the us government is definitely very influential. it is a regime change tool. and the united states is the only country in the world that relies on regime change. governments, this is not the best calling for us, it almost always ends in disaster, bloodshed, ongoing instability, you know what i tell you? i kept thinking how, for example, putin differs from scholz, macron, the polish ones, what does putin have in common with, say, orban, with vucic and even with trump, but not with bi

let's move over to morgan stanley's biggest rival witches goldman sachs setting up a regional base in saudi arabia. what we know about that firm's plans in that region? sally: goldman sachs is the first wall street bank to get a license for its regional hq in riyadh in saudi arabia. it comes at an interesting time for saudi arabia and riyadh which is a conservative city. alcohol is banned there. it is trying to emerge as a financial hub. while we don't know how many staffers it plans to locate, we know as per new regulations in saudi arabia introduced in 2021, it has to have something of a substantial base with at least 15 employers. those regulations were designed at limiting what has been termed economic leakage or preventing too much state spending and state-funded going to businesses that don't have a substantial presence. scarlet: always fascinating to see how the bank is strategizing its expansion. the third story i want to get your take on is jpmorgan chase looking to make a purchase. this is to bolster its private credit business to private securities overall. why is jp morgan

the goldman sachs ceo also sitting down with us at 3:30 p.m. u.k. time. don't go away yet.day" is next. this is bloomberg. ♪ hi, i'm tali and i lost 85 pounds on golo. (upbeat music) i started golo because i was unhealthy due to my weight. the minute i started taking the golo release, i knew it was working. i was not hungry, and i did not have any cravings. since losing weight with golo, i'm healthier now than i've ever been, and my doctor is thrilled. golo is so much more than weight loss, it's gonna give you your life back. >> good morning from london, this is bloomberg markets. less than a half an hour away -- less than one ho

sachs. thank you i am very happy to be with you.thankful. in recent weeks columbia university's name was regularly in the headlines of the world media. even protests. his current spark started at columbia university. what capacity was there in the atmosphere of columbia university that could inspire protests that have now spread to universities in other countries in addition to american universities . look, columbia university students are very upset. from the painful war that is going on in gaza, they are defending the rights of the palestinians and asking for peace, and i think that this action of theirs is very brave, and in fact , the politicians in america are really surprised. and even the authorities of their university did not expect at all , they expected public opinion to be silent or to support israel, but this did not happen. what feedback did you get from the recent incidents? in addition to the hundreds of students who were arrested and are in danger of being suspended and expelled, we also witnessed the arrest of prof

sachs, thank you for your explanation. part of my question was not answered. america should hear these voices, but why don't they hear the poisoned government when it comes to israel and the same politics. continue his past despite the genocide. of course , this so-called israel lobby that we are mentioning is very powerful in america. they have a lot of influence on american politics, a lot of money. they have very powerful campaigns that support israel . these funds are also used to defeat politicians who act to defend palestinian rights. this money is also used to silence them. so it is very understandable that we are actually in the middle of a political war. and this war now. yes, we are reminding america that you cannot prevent peace , you must agree to a two-state solution, agree to the formation and establishment of palestine, and agree to the capital of east jerusalem, and now america is caught in this situation, and they, us we see that the countries of the world , especially the countries of the world, thank you and our final question to you is that

joining me now is the chief china equity strategist at goldman sachs.o have you on good morning from london >> good morning, frank thanks for having me >> we were talking about the out performance of the chinese indices with the s&p you actually believe chinese equities are under valued and have a big upside left to go i want to go with the blue sky case what is the blue sky case for the year with the chinese markets? do you see tech continuing this level of out performance >> yes, frank, over the past three months, china and china equities have been the best performing global market since the end of january looking ahead, even after the 24% recovery, the valuation levels remain quite attractive in our view. at the moment, our benchmark is trading on ten times forward earnings which is still about one division below the past five-year averages in looking ahead, the very positive and potentially powerful catalyst would be the corporate governance reform in china. a few weeks ago, the state council revealed the ones ce in decade measures. on our estimate,

goldman sachs. welcome back tech stocks taking a hit today nvidia sliding more than 1%. nasdaq now on pace to snap its five-week win streak let's bring in tony pasquariello, head of hedge fund coverage at goldman sachs. got a real good eye on what the biggest money is thinking and doing. welcome back >> thank you, scott. >> you've been pretty much urging investors to remain fairly positive, if not bullish. >> affirmative >> month coming to an end. now what >> we should call it what it is which is a pretty tricky week that closes out an otherwise totally respectable month. so i don't want to dismiss this week because it's been messy and really messy in specific parts of the market. >> right >> i'd say point to point we're looking at s&p 500 up 4%, nasdaq up 5%. could the market do some work, i think it will for sure i think the big dynamics more broadly are still favorable. why do i say that? we think growth is fine. we think the u.s. growth call it 3% this quarter, this year that's a big backdrop fo

our guests today including sara naison-tarajano in goldman-sachs.n the meantime, take a look at the scorecard. we're still less than 1% away from those new all-time highs. may not get there today. we're led by apple and some of those higher beta growth names and we're watching alphabet shares closely today as openai refreshes its chatgpt chat bot, what it means for investors as well >>> in the broader markets, well, most s&p sectors seeing modest losses today. small caps are outperforming yields are down. so, what else is new the russell is up. we'll watch that over this final stretch. it does take us to our talk of the tape, whether the bull market is at serious risk or not. let's ask dan greenhaus, chief strategist for solis you see the barons over the weekend? "dow, 40,000, so close you can feel it. why you should fear it." and make a direct line to the cpi because that's coming up on wednesday. ppi is tomorrow. they say recent history points to reasons for pessimism at this rate, investors could be betting on rate hikes instead of cuts before th

data dogs down a bunch you got that service now is in the news as well, reiterated at goldman sachs. these growthy names getting play today and what it means for the trade overall. >> in the case of palantir and data dog, you're talking about two companies that came into the quarter with very, very high expectations just in terms of the ownership we have in the joet etf with this palantir we purchased at $16 the end of january. data dog we purchased just at the end of april, so you know which one looks better than the other one. in the case of palantir, it's really you want to phone cuss on the growth in the commercial segment, a company that traditionally you think about the revenue growth coming from the exposure to government itself i think the problem with palantir, along with having high expectations, is the free cash flow generation declines significantly, down 50% here so you have to think about this stock similar to what you heard from meta. where they're telling you, listen, we're going out, but we're spending on artificial intelligence platform. we have to make that spend o

goldman sachs raising their target from 10,000 to 12,000 on the supply deficit. let's cross over to asia where avril hong is standing by with a gauge on the asian markets. how are the markets playing out today? >> they play out in a divergent fashion. if you look at japan and south korea, the nikkei playing catch up after a long weekend. in china, the equities are sliding, hang seng on track to snap a 10 second winning streak. that's the news flow on the real estate friend. top-tier city relaxing some of these homebuying restrictions. this is a mixed bag and asia stocks. flip the board because i want to take you down under where we see an interesting picture emerging. investors bracing for an hawkish iba. we will find out more from the governor later this hour. this is taking a leaf out of the fed's playbook last week. the take away shows we are likely to see a rate hike from the rba this year. australian stocks extending gains as of the bonds. the aussie sliding toward 66 u.s. sentences. flip the board again. i want to draw your attention to what was the dollar.

collapse of russia, and ukraine in this case is just a tool, as the famous american economist jeffrey sachse gave an interview to journalist tucker carlson, most of this interview was about the situation in ukraine, hostile to russia, us and nato policies. this also includes, for example, the destruction by the americans of the nord stream pipelines and... according to sachs, the biden administration is almost deliberately prolonging the ukrainian conflict, refusing dialogue with russia, the bet is on the military victory of ukraine, and this was stated by an american economist, which is precisely the mistake of the white house, which, however, does not mean that washington i’m ready to admit it, the plans still remain in force. american senators were in kiev and told the demonstrators, we are with you 100%. victoria was handing out cookies. but in reality there was much, much more than cookies. the us colluded with ukrainian rights to overthrow of yanukovych. this happened by force in february 2014. then this war began. it has begun. not in 2022, but in 2014, when the president of ukraine,

things are looking up for goldman sachs.d be the kind of stock that works here rather than waiting for pullback on a small position here hopefully they could buy more shares on the way down but charts by fitzpatrick says they just got their group back. and they will have more room to run and it wouldn't surprise me if that wasn't exactly what it has. let's take some calls. let's go to reston in california. reston. >> bouillon jim . i've got a small little company on the west coast called paypal. into improving guidance, they have a background with the current leadership, is this stock a good play? >> i did work on this last night that i was apprised the stock finished down after being up by a couple but i'm with you. i think that this guy, alex, just fantastic. i was so impressed and that was eight points ago. i think you've got something with paypal because management has this inexpensive stock. it's right for a merger. i'm with you. >>> goldman sachs going higher in this would not surprise me. the numbers are very good. mu

and so far, what we've learned is the fundraiser will be held by longtime venture capitalist david sachs, according to an invite reviewed by cnbc. tickets for the event start at $50,000 per person and go up to 300,000, and is expected to be held at sachs pacific heights home. so you can certainly expect traffic delays in that area. and protesters and the former president is already turning today's events into a fundraising opportunity, which is something we've seen in the past. within minutes of the verdict, his campaign site redirected to a page to donate where trump declared that he was, quote, a political prisoner . okay, all right. a lot happening for sure. ian, thank you for updating us. sure. we're going to see you later on this evening as well, bringing us the very latest. see you back at 530. all right. we'll see you then. okay. let's go ahead and bring in our political analyst, larry gerston. now, larry, we saw at the top of our show former president trump saying that the real verdict will come election day, november 5th. so what do you make of that? well, he's right, i mean, th

goldman sachs, the stock has been around new highs. the price target goes to 525 from 478 you want to give me something, goldman sachs, you recently added to it. >> i did and i think as it relates to goldman, and when we talk about underwriting and capital markets, i think that bottom last year, and guess what, even if that's more of a 2025 story, we all know that the narcmarket forward-looking mechanism. it's prudent to obviously make a move and get a position here it's been a core position. the stock is up 20% year to date 19% in the last three months i think there's continued momentum here, and i think it deserves an allocation in your portfolio. >> what about goldman, 5:25 price target >> i'm fine with that. i know the feeling toward financials is 23% sector exposure the entire sector is rerating higher it's an environment when you look at the potential for a steepening yield advisory fees to gain momentum you're seeing trading environment being strong look at interactive brokers, how well it is trading currently i think that valid

. >>> in the meantime, goldman sachs sees stronger protections with four key mega trends with a.i.osting the sector. i'm pleased to say the chairman of infrastructure at goldman sachs alternatives joins me in the studio. good to have you in the studio. let's talk about the opportunities in infrastructure. where are they? >> it is worth stepping back and thinking about what is infrastructure. it is the physical backbone our societies need to function. think of transports, roads, ports, airports. you think of energy and utilities and all of the complex to transport and store energy. think of digital infrastructure from mobile phone towers to the data centers and social infrastructure. i think we see a conference of factors today that is extraordinary whereby there is an energy crisis or climate crisis where we are in a rush to reach net zero. we have an energy security crisis with the war in ukraine and we have to be more independent with sourcing our energy. then you have the revolution of data centers and artificial intelligence. that requires a lot of energy. just on the energy si

for insights story the quite well that spring, and i guess now from a room where joined by jeffrey sachs, he's a full, i'm a special advisor to the you and 60 general now the director of the center for sustainable development at columbia university and romano and stuff about go see is the general secretary of the posting and national initiative and in london is you'll see macro back and associate fellow at the middle east and north africa program. i the you tasting time. chatham house of, i will welcome to will see if you're welcome to a inside story. you'll see, i wonder if i can start with you if you could help us set the scene. because until now, palestine has only held the status of an observer at the un. what does the pulsing, the overwhelming pulsing office say? your resolution? what does that mean in terms of the rights and privileges of forwarded to palestine? now in science a product doesn't change too much because it's the secure with the concept of that site. so there's a notion will actually be through a recognition as a states. but i think symbolically it is a very important

with all 3 of you, jeffrey sachs, some stuff about gucci, you'll see macro back. thank you very much for joining us on inside story. i'd like you to for watching and you can see the program again any time by visiting our website, how to 0, a dot com for further discussion. go to a facebook page. as facebook dot com forward slash a inside story, you'll also join the conversation on x i'll handle is at a j inside story. for me to talk with the whole team here, 5 of the unique perspective. why is it the doctors don't get to have a saying any of this? the medical workforce has been so and devalued by the british government from time on hub voices. tick tock had been a place for organizing politically, for getting people to vote for getting people to protest, connect with our community and tap into conversations you weren't find elsewhere. why is our government taking us to work on the basis of live? read the public has to get out there and do something about it. the stream on al jazeera, it's all sort of 10 year journey in which it has become the most important transl

two weeks ago he told us about goldman sachs and that thing has been on a roll.he's seeing from crowdstrike. the cybersecurity number run by george kurtz reported an excellent quarter at the beginning of march. then a couple weeks later they announced a big partnership with nvidia they're using ai to build automated cyber defenses for the enterprise of course by the time we got to mid march growth stocks had gone out of style. which is why wall street didn't care and the stock pulled back hard. even though nothing was wrong. before finally bottoming on april 19th. since then it's rebounded from 280 to 339. so what does fitz see here? what does he like? take a look at crowdstrike's weekly chart. when you take the long view on this one you can see this stock's been on a tear since its lows in january of 2003. i'm sorry. 23. wow. up more than 260%. you can't see exactly how big this is. this is a monster run here. it's had a phenomenal move. but consider the big picture for a second. all right? fitz thinks it's only just begun its next leg higher. even in this remar

that's it, let's break it down: deputy sachs was killed in the presence of his mistress., his activities in sachs directly. well, nikita dug up here some of his striking television interviews are worth watching. maybe he insulted someone live, yeah, then they could have hired a killer. yes, pasha is right, you still have to dance from the personality of the polkin. maybe he crossed the path of someone in particular? that's right, igor, for example, to his wife. by the way, regarding my wife, polkina oksana valerievna, 45 years old, lives in st. petersburg. she is the owner of a chain of fitness clubs. most of the family's property is registered in her name. four class c cars, three apartments, one of which she lives in without a husband. she has two sons, one 20 and the other 22 years old. they study abroad and rarely come to russia. georgivich, i 'll take care of it then. let's. andryukha, who gave a recording from... nothing specific, the video recorded only the moment of the murder, i did not notice anything suspicious within the video surveillance radius, i think that

. >> right, and we have walmart at all-time highs, goldman sachs trading highest levels since its ipo. maybe we don't need nvidia. especially as, to rebecca's point, all these other companies have said we're going to spend money on capex. that a.i. trade is there supported by that outlay. >> that's fair, and we have pr precedent for it, because apple on its horse now, few months prior with the market at all-time highs, the market was doing it without apple, not only without apple but apple trading lower. you're probably right in terms of not needing it in terms of inflation, i hear what everybody is saying, most important banker in the world, speaking this week, talked about, his concern about inflation. >> always negative, though. >> i guess, but maybe she's justified to be. you know, the market says one thing, i think the things that he says something else. and quickly,we talk about precious metals, base metals on fire. and base metals are as good as an indicator with what's going on with the inflation front, zinc, nickel, aluminum, lead, all multi-year highs. >> company buybacks, t

why is goldman sachs funding anything, do they research what it is about? biden up. this is your vietnam. bernie sanders says, this will be your vietnam. they want you to abandon israel and support hamas and palestinians, you did the worst thing possible. you halfway support israel and still supporting their move into gaza to respond to october 7. >> ainsley: the group said you need to play for this is new york common sence caucus. start with headlines, six squatters took over a home in georgia, had been arrested for stealing a car. democratic georgia candidate mel caden joined us on "fox and friends first" earlier. >> this is worst criminal activity i've seen in my life tomp steal the car and go next door with it. i got word this morning, 1:00 a.m., they came back and broke into the house again. >> ainsley: the suspects are out of jail. wild scene on the water, members of team usa came flying out of their boat, five of the six were sent overboard. and former president trump received a warm welcoming @ gr grandprix. the crowd cheered usa, usa, as he entered

goldman sachs has gone in that direction. coming up, oil set for the biggest weekly drop since february. signs of easing geopolitical risks in the middle east. all the details across the oil space, next. this is bloomberg. ♪ tom: welcome back to bloomberg daybreak: europe. happy friday. earnings have missed estimates as a plunge in profits dragged on performance. unit had become a major profit engine in recent years for the australian firm. the contribution fell 47% on the prior year as energy shocks from wars in ukraine and the middle east subsided. gazprom group has posted its first annual loss since 1999, driven by falling shipments to europe and lower gas prices. the russian state-controlled gas giant reported a loss of 6.8 billion u.s. dollars. gas flows to europe have been restricted among the retaliation for western support of ukraine after russia's invasion in 2022. let's check in on the oil markets as well. a lot of factors to think about in the oil markets in the last few days in terms of inventories, stockpiles, a

a 3 trillion dollar asset under supervision over at goldman sachs.im come into first institutionalize grayscale and the bitcoin business. now you have an and more institutional asset manager coming in that as a breath of scale at a senior level at a large asset management scale. caroline: they are still the largest, but quite expensive in comparison to the others. sonali: it will be interesting as they launch products to see what customers flocked to at the end of the day. the bet was that even with attrition, the higher fee structure for the newer products would be worth it for them at the end of the day. because the asset days is just so large. since the etf's had launched for a significant amount of time, they had experienced net outflows. more recently, they achieved net inflows on some days since we had seen the etf first launch. caroline: this is about the institutionalization of dope. there is one key naysayer, with jamie dimon looking at various assets, we understand he's taken to the stage at his own tech conference happening in boston. he's

this idea was expressed by american economist jeffrey sachs in an interview with tucker carlson.ne. the white house’s calculation, in his opinion, is the reluctance to solve problems diplomatically and begin a dialogue with moscow. until biden talks directly with putin and starts a dialogue, our lives are in great danger, and it is unimaginable to me that we are waging an open war and are not even trying to find a path to peace now. what do you think about putin? he is very smart, he runs russia very effectively because he came out of the kgb. jeffrey sack also recalled the story of the northern stream explosions and unequivocally stated: washington is behind the terrorist attack, and at the same time causing it is bewildering that germany, which suffered serious losses from this, did not really react in any way; this, the economist believes, is a clear illustration of how berlin is subordinate to the interests of the united states. for a strike on a tent camp in rafahiya that killed at least 45 people. israel used american ammunition. reports this. journalists interviewed expert

sonali: how is this changing how you do business in goldman sachs?n using ai a long time and has experimented a lot when it comes to emerging technologies. how do you see the genera -- difference now when it comes to generative ai and what you can do at goldman? george: we have a rich history of using technology, computation, and data science to create opportunities and advantage for clients. we have been using ai for many years. this new expression of the long journey of generative ai is unique because it has an ability to allow us to incorporate new data types, to reason around a data types. so, it i would divide it into two dimensions. one is the advice business. the ability for our best people to ask and answer questions that have been prohibitively difficult in the past. to come up with more ideas for clients, to test more hypotheses. it's remarkable. i think it will reduce the cycle time from idea to transaction. now, we are also in a business where there is a lot of operational intensity. a lot of the operational intensity in our business has

american express, goldman sachs, caterpillar and microsoft.ing at the other major averages with new highs as we

>> yeah. >> the numbers are amazing goldman sachs research, obesity treatment market could expand 16s current size, and $100 billion by 2030. that means a lot of companies are strcrambling to get into th business, and what is in the eft. it's actively managed, right >> yeah, it provides exposure to the companies making glp 1 drugs or have drugs in different trial phases you will see large overweights relative to what you would find in a traditional index, like names like eli lilly and nor vex. these are game-changing drugs, and the traditional means of getting into them, it doesn't do justice to the exposure needed >> i think it has been slow launching these considering they have been out for over a year. there are 20 companies in the eft, and i will not go through all of them, but 40% for two companies, and novo is up and lilly is up, and how much room is there we seem to be coming a little bit after the first crest? >> yeah, like when we saw the ai wave, and people said it's an ai bubble and it's over, and what is exciting is there's more companies coming, right? right now they are

have to fight if ukraine doesn’t want to, there are no people left in ukraine, that’s what jeffrey sachstragic: 500,000 ukrainians died for nothing. do you think this is a number? i think most likely yes, this is the largest number i know. but one of the most shocking things, if you ask any of the senators who voted to continue this war, at the expense of our taxes, how many of your beloved ukrainians were killed? they have no idea, they don't care to know, they don't care at all. worries, and sometimes they say that... we haven’t started yet, but if necessary, we will start and it won’t seem enough to anyone, please, so you asked what seems to me, of course, a rhetorical question, do people in ukraine know the truth , is there actually media there, freedom of speech and so on, i kind of know the answer, there is nothing there yet and there wasn’t even at the moment when i was arrested, i was in prison, but when i left prisons. it seems to me that i thought that this would happen quickly enough, but these were such naive ideas, now i see that this is happening, it is happening gradually,

’s unsuccessful there, these ones you know are not in russian, it’s all from there sits uh jeffrey sachsonomic adviser, it came through him, he gave and translated into russian and gave, that’s what they did, and what did they do for the russians, for the citizens or something, they worked for the benefit of the citizens, no, they worked for the benefit of the west, in benefit oneself, and it is also naive to think that new people will come and with one click everything will change, no, it seems to me, very much... economist mikhail khazin made a subtle remark. i have a lot of respect for this man and i want you to listen to his point of view. i can only say one thing: if we are talking about a change in the elite, and if we are talking about the fact that we need economic growth, then this is inevitably the disappearance, not even of specific figures, but of a certain type of figure. you see, okay, clean it up now. is under the control of the imf, and of course, of course, this launched mechanism brought with it a lot of new and not always good things, for example, one could imagine tha

there is something else, sachs’s base, khristenka lyubov nikifarovna, died in 2005, this is interestingled bets? yes, no, he delivered everything on time, yes, yes, just documents for the game and the quality certificates there are fake. yeah, yes, i see, but where were you looking? well, i checked and checked, you know, they arrested the whole party and imposed a huge fine, but the person who organized all this, we can’t find him, uh-huh, well, he smuggled a lot to you under cover, yes, 15 kg, i don’t understand, one and a half tons there. okay, so what's his name? nicheparenko, alexey andreevich, if not cheparenko, but alexey andreevich, no, guys, this man does not sell caviar. why are you so sure? but i don't know him. do you know all the people who sell caviar? yes. in short, no, this is not cheporenko in nature, as it turned out, his wife too, with whom we talked, it’s not clear, well, i ’ll go there now, well, i also think that they are somehow connected, yeah, okay, let’s go, then, so, you remain older. and i'll go to the factory. chief, pay attention, the transcript is from a la

coming up, exclusive conversation with john waldron of goldman sachs, 4:30 p.m.oomberg. ed: a work chat for the ai era. it is called glue, a new ai native communication platform going public and coming out of stealth today after six months of private data, taking the best of both worlds, chatgpt and slack, built for the way that people collaborate colleagues and ai assistants. let's bring in craft co-founder, david sacks is here with us. if it's ok, i want to start with the technology itself. glue is built for claw three and chatgpt4, so what did you do in terms of building it? david: we want to be agnostic and use the latest version of chatgpt that they launched yesterday. it's pretty awesome, the performance is terrific. stepping back a second, what we are trying to do with glue ai is create the first native chat app. what it does is create one place where you can have a chat with ai and a chat humans, your team. we think that people, employees, want to do that in one place rather than going to separate apps and the problem with chatgpt, awesome as it is, it is

jeffrey sachs sits, under yeltsin he sat as the chief economic adviser, it came through him, he gaveunched mechanism brought with it a lot of new and not always good, for example, you can it would be imaginable that a veteran of the great patriotic war could collect a billion rubles in bribes, and while still in the position of deputy minister of defense, especially in wartime, while the war is going on, and this happens when the whole country is collecting rubles a penny for a drone... so that, for example, a person who came back from the great patriotic war would be tasked with building a dam to protect the inhabitants of cities, villages, towns of some region, which was spent almost a billion rubles on that it is not a dam, but that it is an earthen rampart, as happened in the orenburg province, this is what the minister of construction irek faizolin says about this. that dam that the vors say is not really a dam. a dam of a billion rubles is not worth 10 km, with enormous speed, a huge mass of water pressed not on the dam, but on an earthen rampart. but the construction took 4 ye

real documents, and we fell for this, fell for this deception, everything from there sits jeffrey sachsc adviser sat through him it came he gave and translated into russian and gave this is what they did and what did they do for this for the russians for the citizens or something in favor of the citizens they worked no they worked in favor of the west in benefit yourself and too. it’s naive to think that new people will come and everything will change with one click, no, it seems to me that the economist mikhail khazin made a very subtle remark, i respect this man very much and i want you to listen to his point of view, i i can only say one thing: if we are talking about a change in the elite, and if we are talking about the fact that we need economic growth, then this will inevitably disappear. not even specific figures, but some type of figures, you know, okay, well, remove nabiyulina now, install ulyukaev, something will change, or is it senelnikova muryleva, well, or make another rotation, that is, assign nabiulina, accordingly, to move between the central bank, the ministry of fina

moe is the cohead of asian market research and also chief asia-pacific equity strategist at goldman sachs. let's get it out of the way and talk about nvidia. it has been the dominant theme and driving force across much of the momentum trade. what do you read as the pass-through here in asia? timothy: thanks for having me on again. yes, nvidia, very strong numbers. number one, taiwan semiconductor and their adr last was up a couple percent. tsmc makes all nvidia's chips so there is an obvious readacross. that particular stock is the largest component of the msci itaewon index, about over 40% of the index. so that is part of the reason why taiwan is the number one performing market in asia this year, up 19%. it's a very clear readacross there, that is number one. number two, in addition to tech, hardware and communications services which has a lot of tech component in it, utilities are the second-best performing sector in asia this year. another way to play ai is in the power and energy component, the linkage being that the data servers require a tremendous amount of energy, so there is a s

goldman sachs has led major investment banks in posting higher profits in japan.e by a quarter last year to about $250 million as fixed income trading gains doubled, the figure marked the highest earnings in 14 years from goldman sachs. more ahead here on "daybreak: asia." this is bloomberg. ♪ haidi: belle, looking at the reporting bloomberg has done when it comes to the potential rollout on biden administration tariffs on china, to be clear, these are not across-the-board tariffs we have seen from the likes of the trump administration -- those will stay in place, they have been largely unchanged -- but these will be for a more targeted sector wise when it comes to that fairly tricky industries we have been talking about as being sources of chinese overcapacity, right, electric vehicles, batteries, solar panels. interestingly, we have also been looking at some of the other automakers, as well. we are seeing reaction in the yuan although i will say there are other elements building into potential weakness expected for the chinese currency, too. annabelle: interesti