economy. >> shannon: but goldman sachs ceo david solomon says not so fast.nplaying this report on harris' economic plan. >> what the report did is it looked at a handful of policy issues that have been put out by both sides and it tried to model their impact on gdp growth. the reason i say a bigger deal has been made of it is what it showed is the difference between the sets of policies that they put forward was about to tense of 1%. i think this blew up into something that's bigger than what it was intended to be. >> shannon: greg meyer was told he only cares about billionaires and i don't how many of them work overtime. >> greg: i love the difference between these two plans. the harris plan according to goldman sachs gdp growth was two tenths of 1% come i think that might fall in the margin of err, what do you guys think? in fact, all analysis like this is one big margin of error. if you could predict this stuff, do you think you could maybe predict other things like the stock market? right? this is why you diversify. this is why you rebalance, allocate as

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joining up former dallas federal reserve present in golden sachs robert kaplan is going to see robertou know the future market his expecting this quarter-point rate cut next week but david solomon the ceo of your company goldman sachs, said that he can make the case for a 50 faces enter basis point cut based on the softening jobs market and what you make of those comments from him. robert: if i were in my previous seat at the desk that, i actually would be going into this meeting and advocating for a 50 basis point cut. in the argument is, that at this level of inflation, 2.5, 2.6 percent, the pc inflation, we made a lot of progress. i am worried that we see some weakness in the labor market i don't think were headed into a recession but we have a monitor that weakness. and if i could get with a clean sheet of paper i was at the fed rate today would be better positioned at four and one quarter or four and a half in five and a quarter of five and a half and i would be trying to get there over the next several months. i think in a meeting or too late and starting the cutting process and

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the goldman sachs communacopia, big interviews are on the way. in just a second we'll be joined by altimeter founder and ceo brad gerstner, a big one, and later george lee, the head of the goldman sachs global institute will be here as well to talk all things a.i., and we are excited about that one, too. let's take you to the markets with 60 minutes to go in regulation what a different picture it is at this moment it was a rough open. it has turned around, though, thanks to some buying in big tech nvidia leading the way today the ceo and founder jensen huang, telling this very conference he is seeing, quote, great demand for the company's chips. financials have been the weakest part of the market today as well some of those have turned, too, including goldman sachs, chairman and ceo david solomon telling us earlier in an exclusive interview things look pretty good in the economy right now, and that was a big deal that stock trending higher throughout the afternoon and now in the green by half of a percent. let's bring in altimeter's brad gerstner

and finally, the goldman sachs ceo come i don't want to get involved iis.e out the next day and started talking about the fact she is talking about goldman sachs, they want to get in the middle of this and shame on him for doing it. now trump doesn't want to tax overtime and your question was excellent. billionaires don't make overtime as far as i know. >> shannon: may work a lot of hours but not getting paid hourly. >> judge jeanine: they are not. it's a question of time before she says that, too. she said she wanted to tax tips, "newsweek" ran an article and said kamala wants no tax on tips, and the majority of republicans agree, as though she made it up. it's a game! >> shannon: harold, i see some skepticism registering on your face. >> harold: i listen to the judge -- >> shannon: taking it in. on debate night the other night even the groups in some of these small focus groups that they had that said they thought the vice president won, they still gave large advantages in some of these groups to president trump when it came to the economy and how they th

sachs, but china is our enemy, they do everything." all this nonsense that doesn't make any sense, but if you repeat it over and over and over and over again, and the government, and you know this better than anyone, the government is trying to control narrative, trying to control what we hear, trying to control the information on social media, and because of that... the most obvious truth becomes questionable. so, you asked me, does america want to fight iran? of course not. does america want to fight russia? of course not. does america want to fight china? my answer is: god forbid, it would probably be the end of the world. here's one of the interesting points about the war in ukraine. we have one principle, it's stated in article 10 of the nato charter, which we so proud: russia has no say in any decisions that we are going to make about nato expansion, even to the very borders of russia, this issue does not concern russia in any way, it is written down. it is called the open door policy, where it is stated that we do not even in principle consider the idea that russia has no right.

economy and she cited goldman sachs as her authority on that. here's what she said. >> the best economists in our country, if not the world, have reviewed our relative plans for the future of america. what goldman sachs has said is donald trump's plan would make the economy worse. mine would strengthen the economy. what the wharton school has said is donald trump's plan would actually explode the deficit >> guys, that's one of those bait pieces we're talking about as kamala harris there mentioned the wharton school at penn, obviously donald trump went there. he could not resist responding to that. the harris campaign clearly knew that by dropping that mention of wharton in there they would get under trump's skin it seems to have worked last night. no real indication whether there's going to be another one of these debates, guys trump was askedabout that on fox news last night. he said he won the debate. so, therefore, he doesn't think he necessarily needs one the harris campaign said they would be open to another debate. we'll see what happens b

the point that top economists in our country, from nobel laureates, to people at moodies and goldman sachs have compared my plan with his and said my plan would grow the economy. his would shrink the economy. some of them have actually

they're neutral to slightly loolkt sensitive. >> let's get to goldman sachs, forecasting a decline inheir trading revenues that seems like a big deal for just about everyday. >> it's interesting because there was mixed results. other banks gave guide answer. goldman was by far the weakest you had other banks talking about revenue being up slightly versus down by 4%. third quarter last year was a very strong trading quarter for goldman in particular as well as citigroup because of fixed in trading, and the trading this year is a little weaker, so what i think you are going to see are mixed results. but clearly goldman's numbers were the weakest. >> what about allied financial kind of flagging some issues with consumer credit and people having the ability to pay off auto loans and things like that, is that something that you see banks struggling with or is this more of an ally issue? >> it's more of a lending issue. jpmorgan gave guidance on credit card losses than what they set in line earlier in the year as others talked about, credit being relatively resilient so i think it's more of

when i first got to goldman sachs, the oils were hot as a pistol.ere different days. you could have oil companies double and double again in a short time as if they struck oil. everyone got caught up in the oils. the families i work for wanted oils. i wanted oils for my personal day. every day seemed like another great day in toil patch. servicer, driller, you name it. then one day oil plummeted. some global tensions had jacked up the prices were settled. the next thing the bull morphed into a bear. those who owned nothing but oil stocks, including yours truly were crushed. i learned firsthand the concept of diversification. while occasionally violated some of my rules, i never intentionally avoided diversification. from my early days at goldman sachs, i learned the principles of investing building solid ideas to build long-term wealth in a way that suits the customer. consider yourselves the customer of this show. stick with cramer. >>> coming up, wall street's most reliable tag team squares off to answer your questions. keep in touch. "mad money"

annette will speak to the ceo of goldman sachs at 9:30 british summertime.e'll also get the view from the ecb when we hear from the bank of portugal governor and ecb board member mario centeno at 9:45 british summertime. >>> coming up, we are day three from the conference. we will have the latest from liverpool after this break. introducing the second chance offer from betmgm. what'd he say? if you bet on a player to score the first touchdown and instead he scores the second? boom! you get your money back - in cash. straight cash? second chance, you heard? what if my guy fumbles, and some other guy scores first? second chance. what if you need a second chance to land on the field? this offer only applies to touchdowns. you alright? i hurt my spleen! get the second chance offer from betmgm. the sportsbook born in vegas. craig here pays too much for verizon wireless. so he sublet half his real estate office to a pet shop. there's a smarter way to save. comcast business mobile. you could save up to an incredible 70% on your wireless bill. so you don't have to c

what goldman sachs has said is that donald trump's plan would make the economy worse. mine would strengthen the economy. what the wharton school has said is donald trump's plan would actually explode the deficit. 16 nobel lawyureates have described his economic plan as something that would increase inflation and by the middle of next year would invite a

ing to get powee peop and finally, i mean, the goldman sachs ceo was like, i don't want to get involved sat in this. what do you don't the fact that he came out the next da thy and started talking about the fact that she's talking about goldman sachs. ct she iouthey don't want to gee middle of this thing and shame on her for doing it. >>ng and that trump saysnt to ta he doesn't want to tax overtime. and your ov question. excellent. okay. billionaires don't make overtime, as far as i knowllion they may work a lot of hours,ho but they're not getting paid hourly. right. they're nours bu hourt. it's just a question of time before she says that, too. itl when sheou recal said she did want to tax tips, "newsweek" rand to an articleam and it says kamala wants no tawc on tips and the majority of republicans agree. so she made it uan de ip a game. . okay. well, harold, i seit's aeeptici some registering on your face over there. >> but let me say this. i was just listen, i listenesmn to the judge as taking it in. >> but on debate night, these the night even the groups that in some of these small

do you have to be the head of goldman sachs to understand that? no.multiple rallies today in north carolina harris continued her long-running why the donald trump wants to cut your social security and medicare. but the official republican party platform and donald trump and his own words over and over again say just the opposite. as you can see on your screen a complete and total lie from kamala harris. here with reaction foxbusiness host david asman and economist stephen moore. stephen start with you. i've mentioned this many times on the show, on my radio show. i started my out life. i was living paycheque to paycheque. not exactly the most fun time in my life although i was pretty happy back then to be honest. money, not having money didn't make me miserable. and i always loved working. i don't even know what an 8 hour workday looks like. i didn't know it then. i don't know now. i don't know that look like for anybody. these are innovative ideas. if we get the green new deal on top of $12,000, americans in every swing state are paying more for esse

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goldman sachs down 3% or 4%, dow stock shaving 150 points off the dow.ing out the lack of parents in the world. jonathan morris is here to take on the declining birthrate. that is next. chase knows how to put the hart in your local community. evan! you're helping them with savings, right? (♪) somebody just got their first debit card! ice cream on you? your money is a part of your community, so your bank should be too. like, chase! new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job on indeed, it's easier for talented candidates to find it. which makes it easier for you to hire them. visit indeed.com/hire it's odd how in an instant things can transform. slipping out of balance into freefall. i'm glad i found stability amidst it all. gold. standing the test of time. stuart: during his visit to indonesia pope francis expressed concern over the lack of parents, people choose to raise pets instead of children. jonathan morris is here. i know why the birthrate declines. anywhere in the world you've go

goldman sachs off to a rough start in september. coal mine for the group? we'll find out. refa meyrit ter this. ♪♪ ♪♪ beaches jamaica sale is now on. visit beaches.com or call 1-800-beaches. >>> they will unveil the powerful ai chip and they're planning a board meeting to discuss ways to trim down the company. our reporter is covering all the action here to break it down. >> intel sells the second generation ultra processing code is 30% faster than the previous generation and faster than the competitors. amd and qualcomm. they're promising increased performance and stronger battery life. the executives from microsoft, dell, google said intel's latest chip will be featured many their latest laptops. but the news didn't really move the stock. closing down 8% on the day. wall street analysts also throwing cold water on intel's restructuring efforts. the raymond james writing that regulatory approval can delay the potential sale of altera. the company is considering. burnstein raising a question whether it would be a buyer of intel's fo

citigroup goldman sachs trading lower in sympathy. financial down 18.4%. the worst day for that stock since 2020. this has to do with the presentation of barclays the company made saying they are seeing lots of auto loan delinquencies. credit conditions are tough. credit card delinquencies already multiyear high and you can see this is weighing on capital one financial. to be clear, led financial, financial loans on cars. vehicle loans but that the overall credit card complex is called. the bank sector in world of pain. let's turn to one bright spot. oracle up 12%. very good quarter. record profits. record sales. the sales grew 7% on a year-over-year basis. hey i demand helping out. microsoft seems to be going around for the ride. other big tech names such as apple and alphabet -- i don't know about alphabet but elf -- but up will not doing so well. microsoft going along with the ai demand. oracle having one of its stays in sometime. scarlet: investors liking the news about oracle and partnerships with some of those hyper scalars. thank you so much abigail

goldman sachs reiterating their view.stay with us, this is bloomberg. ♪ ♪ >> market has come to the view that 50 basis points is appropriate. tom: that was bill dudley backing a 50 basis points cut the upcoming meeting today. this is where the market is on tenterhooks. in terms of the probabilities based on swaps, based on swaps, 54% chance of 50 basis points. let's flip the board and look at how the changes are coming in driven by bill dudley and he says they will go 50 basis points because policy is restricted, unnecessary given the softness in the labor market. wall street journal reporting, citing the dallas fed president saying i prefer 50. jp morgan says they will go 50. many say 25 basis points. let's flip the board and look at another story because low rates build into the argument. you should buy the dip on ai, lower rates and fundamental support the ai story. they have a basket of stocks. in includes nvidia and microsoft. they say now is the time to get exposure, plenty more. opening trade, this is bloomberg. ♪

we are joined by michael marsh at goldman sachs.s we take a little bit more focus on this now then. michael, i appreciate the time. good morning to you. i hope you're well. fairly interesting time in the credit markets. does demand come back with the lower rates environment? >> good morning. thank you for being with us today. 14th equity finance onference. 1,500 investors in the building today. we will certainly feel for how they're positioning themselves as we head into the year. i think the credit markets do feel good. a number of factors, i think you heard from jan talking about the economy being in reasonable health. soft landing being our base case. from the technical standpoint, the investors in fixed income and credits continue to see inflows. the other factor we consider is the lack of net use apply which puts the balance into the market which generally shows strong performance. if we look at the yields, they were up $100 billion which is close to a record. on the net basis and netting out repayments, we have negative issuan

it benefits the oil companies, black rock and goldman sachs, with their $100 billion wind energy and carbon capture projects, it's all draining the middle class, and that's the only issue you can talk about in the democratic party, i joined the environmental movement, to protect the habitat to preserve the wildlife to detoxify our ami and none of these issues are of concern to the party itself, the rank and file... to judge ourselves by our intentions and not by our actions, yeah, that's right, i was like that, so the democratic party sees itself, it sees itself, my friends, the democrats, they see themselves as part of the good guys, the cowboys, you know, they're like the good guys, at fort apache, surrounded by hordes of barbarians who... it's electing a president who has dementia because you're voting for an apparatus and you're not vote for, you know, another presidential candidate who was appointed without any election, essentially got rid of democracy to save democracy, appointed a candidate who hasn't given one interview to any news source in 40 days, and you know, one of the

the famous economist, professor jeffrey sachs told in an interview with tucker carlson. at the moment, according to the scientist, the united states generally exists on autopilot, although they are trying to dominate anywhere in the world. what is this? but loses on the battlefield, that's basically all, there was some distraction with the invasion of this brigade of ukrainians and so -called nato mercenaries into the countryside in northern russia and it attracted a lot of attention, although for the war it was pointless, and on the battlefield ukraine is doing badly, they don't have, they don't have... not enough people, they don't have weapons systems, air defense systems, so russia keeps advancing, russia keeps saying, we can negotiate, we can stop, conditions, the us, no, we will win, we will win, so ukraine is losing between one and two thousand soldiers. but neither in kiev, nor in washington, nor in london, nor in warsaw, no one is counting the dead, so it continues, because no one in the west does not want to take responsibility for stopping all this, but the fa

kamala harris says goldman sachs is signing off on her economic plan. fast, joe concha and cheryl casone are here to talk about it next. ♪ some days, you can feel like a spectator in your own life with chronic migraine, 15 or more headache days a month each lasting 4 hours or more. botox® prevents headaches in adults with chronic migraine before they start. and treatment is 4 times a year. in a survey, 91% of users wish they'd started sooner. so why wait? talk to your doctor. effects of botox® may spread hours to weeks after injection causing serious symptoms. alert your doctor right away as difficulty swallowing speaking, breathing, eye problems, or muscle weakness can be signs of a life-threatening condition. side effects may include allergic reactions, neck and injection site pain, fatigue, and headache. don't receive botox® if there's a skin infection. tell your doctor your medical history, muscle or nerve conditions, and medications including botulinum toxins as these may increase the risk of serious side effects. chronic migraine may still keep yo

the goldman sachs communacopia, big interviews are on the way. brad gerstner, a big one, and later george lee, the head of the goldman sachs global institute will be here as well to talk all things a.i., and we are excited about that one, too. let's take you to the markets with 60 minutes to go in regulation

school of foreign policy neorealism, this is his, so to speak, american foundation. attack on jeffrey sachs, he is always presented as an economist, he is more of a geopolitician, a geoeconomist, these are people who in fact quite pragmatically, at the same time very sharply speak out against both economic, and, by the way, foreign policy of the united states, and i will allow myself to quote jeffrey sachs, who said: do you understand what the matter is, the matter is not that some imperialist course and so on, the matter is that the united states does not have a foreign policy, it has one discourse and reading from a prompter. they read the prompter, they do not, so to speak, form a policy, in this state, of course, the united states is dangerous, yes, resources are shrinking, but in whose hands are they, they are in the hands of people, well, yes, probably, who make up the achlocracy, that is, people, which in general, that is, this is like a managerial segment, middle managers , this, by the way, is very dangerous, how to neutralize this danger of very stupid people, irresponsible people

model full costing that. trump would greatly increase the deficit. others have said this, goldman sachs sacks, one of the world's biggest investment banks. recently said, trump with slow economic growth. what do you think of his plans to the economy especially compared to houses? well, i think, you know, there's probably it's probably some partisan influence at the pen, martin as well as the goldman sachs. and i think they, they would probably look more at, at the dynamic growth that follows tax cuts, for example. and in tax revenues end up increasing. so i think if you look at it a step from a static point of view, yes. come, all of you could argue hers. there's only one truly instructions. 5 truly tax cuts work and they work for the trump administration, especially after they took effect in 2018. 2019 was a seller year, so i think he's got the track record. i totally agree with the corporate tax rates cut and that's, that's always beneficial. it's in the economy. it's better for workers, it's better for customers. it's better for shareholders. so it's worked before it worked in 2018 a

jeffrey sachs.mply: the united states of america, of course, is a hegemon, it is never a leader. a hegemon that, with the help of violence, blackmail, anything, tries to enslave other nations and force them to work for the interests, but here is a very important point, not for the interests of its people and its population. which should get rich from the fact that these pirates are robbing the whole world, and all this is created only so that a small group of managers who consider themselves sincerely democrats, got rich, felt comfortable, everything closed, now turkey is going through a very interesting point in its development, it is at a crossroads and inside the country there are now very heated discussions about where the country should develop further, it was first named as a member of the candidate countries - does not hinder development and technology. after the industrial revolution in the west, we had an intellectual class with an inferiority complex. in the west, they supposedly stopped a

sachs, but china is our enemy, they do all these terrible things, russia, they're imperialists, blah blah blah blah, we're fed all this nonsense that doesn't make any sense, but if you repeat it over and over again, over and over and over and over again, and the government. and you know this better than anyone, that the government is trying to control the narrative, trying to control what we hear, trying to control the information on social media, and because of this, the most obvious truth becomes questionable, so you asked me if america wants to fight iran, of course not, if america wants to fight russia, of course not, the us will be deployed in ukraine. on january 22, according to a very informed source, blinken told putin that the us still has the right to deploy missiles in ukraine, right on the border. putin responded, but i thought president biden said the united states would not do that. and apparently, i was not present during that conversation, but apparently secretary of state blinken's response was, no, no, no, we reserve the right to do whatever we want, these are our m

goldman sachs chief economist jan hatzius joins us at post nine. as it relates to the question of what the first cut looks like? >> i think it was a little weaker than expected. we thought that the payroll number might look a bit soft but it was slightly below our forecasts. there was some downward revisions. the household survey basically did what we thought. so i think you could certainly make an argument that the funds rate is very high and you should move off a 5 handle and so there is a rationale for a 50 basis points cut like last time, i thought there was a good case for doing a 25 basis point cut. whether that's what they will do is less clear. i think at this point, to me it looks more likely they do 25 with a clear message of ongoing cuts, with, of course, signals that there will be more cuts to come, you know, if you look at what chicago fed president goolsbee said earlier in the week. >> yeah. >> a case for a string. but there's still some information to come, of course, in particular next week's inflation numbers, but at this point i'm

. >> kayleigh: no doubt about it, and kamala harris appears to be a fan of goldman sachs.an would make the economy worse, mine would strengthen the economy. >> kayleigh: the goldman sachs ego may not be a fan of her talking points. watch. >> so that report that was mentioned last night in the debate came from an independent analyst, and it is in rest and it has a lot more that's made of this and should be. what the report did was it looked at a handful policy issues that have been put out by both sides and have tried to model their impact on gdp growth will the reason that i say a bigger deal is and what it has shown is that it's about two times of 1%, our clients are trying to look at what's going on from a policy perspective and make judgments and this blew up into something that was bigger than what it was intended to be. >> kayleigh: will she keep using the talking point, emily? >> emily: i'm sure that she will. i love that she said wharton, and president trump said, yes, i went there. as someone who could not pass the bar the first time, i love to throw that in. i app

they don't have a big balance sheet hike goldman sachs.lot this year, they pay 100% of profits out in dividends, and they have no debt. and we think m&a is coming back big, even more deals get done as interest rates go lower. we like it a lot. stuart: how much do they pay? >> over 4%, and they pay a special dividend once a year. stuart: blue owl capital. >> similar story, just a different company. they're doing a lot of the debt on these different deals to get cone. they're a -- done. they're very much tethered to the lower rates, more deals getting done. stuart: okay. i'm going to check the big board again because now we're down 366 points. there we go. now, can you show me the dow losers? i want to know where this loss is coming from. lauren: while they pull this up, just to tie this back to interest rates, there's a growing chorus, now citi says the fed's just cutting 25 basis points next week followed by 50 in november and again in december. stuart: okay. do we have the list of the stock stocks, which of the big name stocks in the dow

sachs, but china is our enemy, they do all these terrible things, russia, they are imperialists, blah blah blah blah, they feed us all this nonsense that makes no sense, but if you repeat it over and over and over and over again... and the government, and you know this better than anyone, that the government is trying to control narrative, tries to control what we hear, tries to control the information on social media, and because of this, the most obvious truth becomes questionable, so you asked me does america want to fight iran, of course not, does america want to fight russia, of course. about any decisions that we are going to make about the expansion of nato, even to the very borders of russia. this is not a question about russia. this is a written principle. it is called the open door policy, which states that we do not even in principle we are considering the idea that russia has no say in even if military bases. the united states and us missiles are deployed in ukraine. in january of twenty-second, according to very knowledgeable sources, blinken told putin that the united st

you mentioned visa you had mixed commentary from jpmorgan goldman sachs, ally, got that, but you had brit good data from truist, bank of ame america, morgan stanley, and all of them said the consumer is in good shape that's 70% of our economy. i think consumer is in good shape. if you listen to the banks, the retailers, and in retailers, there's haves and have-nots, and the haves are winning, supporting, showing that the consumer is doing okay. >> ed, i would also wonder how this attempt at a rotation is playing into your view as well alongside this hard/soft landing debate and what does it mean we've had this idea we're transitioning from a megacap growth-led into -- whether that means more volatility, and maybe a retrenchment, or maybe it means the rest of the tape can pick up the slack. what are you seeing in terms of the evidence in the market behavior itself? >> there does seem to be rotation going on, and the fed in the matt rho view, but also the reality situation, a lot of them, it's decelerating fairly rapidly. historically, the small caps have outperformed when the fed has

. >> -- half economists in the world have reviewed these plans goldman sachs, for example, has said that my plan would grow our economy and his plan would shrink the economy and send us into a recession by the middle of next year. >> goldman sachs ceo david soloman says hey slow down harris, before out theing that report said it came independent analytical made out bigger than it the is said on wednesday the reason i say a a bigger deal made of this what it showed difference sets of policies put forward that difference, 2/10 of 1%, remember about numbers saved solomon saying these are numbers. >> when inflation ticking up nothing but if 2/10 of 1% goldman sachs report oh, my gosh my plan is better come on, this is why american people don't trust politicians can you be honest transparent? >> politician aren't snoons a lot of folk with campaigns, nugs and bolts of politics grounds, speaking of georgia kamala harris and campaign is doing they are employing same strategy that, one used in 2020, it is rule by less strategy, traditionally republican won counties trying to cut into donald trump

dani: goldman sachs economists are cautioning that the u.s. trump presidency. the researchers led by alec phillips wants tighter immigration policy and think it would outweigh the positive fiscal impulse. should be the harris win with a democratic sweep, goldman said they would be a slight boost to gdp growth extender to spending an middle income tax credits, slightly offsetting the impact of higher corporate tax rates. elon musk's internet provider starlink is reversing course saying it will comply with brazil's top court ordered automation access to x. the change follows a judicial order which froze darling's bank accounts. and the demand to aspirational luxury is forcing swiss watchmaker for financially. there the first brands to confirm they are using state assistance so when a group's ceo called a "small watch crisis," under the government the swiss state pays up to 80%. that is your bloomberg brief. jonathan: up next, looking for a soft landing. >> the fact that core inflation is running below 2%, to me that suggests that they are alread

goldman sachs is way down dragging 130 points off the dow industrials. the 10 year treasury yield still above the two year yield, we are looking at 370 for the 10 year. the price of oil $68 a barrel, down to 67, another dollar. bitcoin at 56 earlier, 56,700. the media is rattled. kamala harris's honeymoon is over, the euphoria stated in her lead in the polls is disappearing, trump may win. debate night could seal the deal. pull out the stops. concentrate on trump and how awful he is. look at the anti-trump headlines in one day in the new york times, donald trump's long history of belittling women on the debate stage. as debate looms trump faces questions about age and capacity. that's the lead story today. trump should be scared, very scared debating kamala harris. there's a similar cascade of condescension and bias throughout the media including abc news which will host the debate. the court of media opinion, trump can't get a fair shake, doesn't deserve it. answer with extreme prejudice. the media doesn't care that harris has ducked media questions. sh

into goldman sachs, it's an interesting call from goleman sex.ou're coming into a little bit of a late cycle u.s. economy. there's consensus that we are toward the end of it and therefore slowing down and that recessionary call is getting louder. the timing of that is unclear. but goldman sachs is talking about a very slight boost to gdp, not only in a kamala harris presidency but a democratic sweep of the white house in 2025 or 2026 compared to what it might look like under president trump in the next 12 months. saying the peak of about .5% in the back half of the year is a big deal because they are basically highlighting concerns around immigration, feeding the consumer resilience. there also assuming an import stair from china as well. that is the difference and also market participants are starting to say maybe your international and domestic policies could be more market friendly. tom: coming up, $50 billion in financial support, china going all in on strengthening ties with africa. more details, next. this is bloomberg. ♪ new projects means

incidentally, in addition to the middle east conflict, goldman sachs notes two more factors support forces, this is a reduction in reserves, easing of monetary policy by the largest central banks. the most important us ports may stop work for a long time due to the longshoremen's strike starting tomorrow. they have been seeking a wage increase for several years and demanding a complete cancellation. through which about half of all american imports pass. the strike may last until november. and the us economy, it will cost about $5 billion a day. the conflict has been brewing for a long time, in the hope of avoiding disruptions in supplies, large retailers accelerated import of goods in the summer, and also reserved space with western ocean and railway carriers. due to the need for additional warehouse space, logistics costs of companies increased by 20%, which in the future may increase consumer inflation in the united states. in conclusion of the exchange rate, the dollar today is 92.71 kopecks, the euro is 103 rubles, 46 kopecks, and the chinese yuan is 13 rubles 21 kopecks. that's all

and those at goldman sachs's -- >> comrades? >> exactly. >> we haven't seen unemployment this low since but bonanza was on tv. none of you know that but i used to watch that show. >> i think michael is familiar with bonanza. >> the biden/harris administration created 60 million drops and trump actually lost almost 2 million jobs. the unemployment numbers are great and wage rates are increasing faster than inflation . why did it soar? we just had the worst recession in the per post-world war ii era thanks to former president trump . the way he handled crisis, the economy off the cliff. oil was zero. never in the history of humanity -- now they are going up and then they are down to 2.99% and we are making progress on inflation. >> you put $1 trillion on the back of the next generation and additional debt. people lost past that. nikki haley tried to warn everybody about that. >> it is the small businesses and that family support. for people who earn under $400,000. you are exactly right. i am so glad you bring up the opportunity.

masonic secret signs, most likely this is how it is, well by the way, as for jeffrey sachs, there ish he talks about his years of working with figures like gaidar and all the others, i will tell you honestly, this article caused me some kind of dual feeling, on the one hand it was interesting to hear to understand how such a truly great economist, a person who understood this, was during all this time. if something appears now, then know that i wanted it differently, i don't want to say anything, i don't know him, i only know that, by the way, this is his main job now, he is, i think i already said, the main consultant of the vatican, the pope on various economic issues, including peace initiatives, by the way, so if the pope is imprisoned as a russian agent, you know, it goes back to jeffrey shakes, and from the samovar, volodya said it right. it all goes back, well, and a few words of farewell about ramstein, and the fact is that one german journalist on the welt television channel, he actually let it slip that the decision on the supply of long-range missiles had been made, he was

book from 1913 by john kennedy about, by the way, sorry, what i'm interrupting, jeffrey sachs is nowmainstream american television, so that he doesn't say such dangerous things anymore, because for him. i'll say now, moreover, i must say that it's not for nothing that trump is now taking such positions, and he just started to speak alarmistically about how these people are leading us to a third world war, this must be prevented, because they have appeared, but i would say so, not such a large number of people yet, but already quite well-known and famous... globalists, hegemonists, that i absolutely do not i am sure that, as he did during his first administration, trump would have been able to follow his, let's say, peacemaking instincts, did you watch this debate today, andrnik, did you watch, yes, yes, of course, all night, devoted the whole night to this, and i have a short question for you, here is the dynamics of this debate, do you agree with the general opinion? that trump lost and that this could have serious consequences for him. i generally agree, i was very upset, you know,

hav do you really have to be the the head of goldman sachs to understane d that? no. at multiple rallies today in north carolina, harris also continued her long running lie that donald trump wants to cut your social security and medicare. but the officialr al republican party platform and donald trump in his own andd trumr again say oppos just the opposite. as you can see on your screeitn a complete and total lie from kamala harris. here with reaction, fox business host david asman and economist even more.moore. stephen, start with you. you know, look, i've mentionedoe this many times on this show, on my radio show. i started adult life. i was living paycheck to paycheck. not exactl y the most fun timee al of my life, although i was pretty happy actioth wasn back to be honest. money not having money didn't me miserable. and i always loved working. i don'make m t even know what an eight hour work day looks like. i didn't know it then. i don't know. then. what now. ta i have no idea what that woulde look like for anybody. but thesanybode are innovative . if w.e get the

that's goldman sachs. that's not me. that's not us.d socialists at goldman sachs say the economy would be stronger under harris. yeah, he has no idea what he's talking about when it comes to policy. you wonder at what point -- we saw conservatives, joe, and some republicans rolling their eyes and saying, what is he talking about here? if you push even a little bit on policy, you find out he's an inch deep. >> yeah, he just doesn't know. gene robinson, again, as willie said, trumpers will talk about word salad as it pertains to kamala harris. let me tell you, there is no comparison. donald trump not only in that answer, but at most rallies, he's about 3 feet deep in lettuce and ranch dressing. he is in the middle of a word salad he can't get out of. and to a more important point, he has never understood -- well, he's never understood american history. he's never understood the constitution. he's never understood our founding documents. he's never understood policy. he's never apologized for not understanding policy. that'