let's bring in vonnie quinn with the latest. it was to do with real estate heads and dealmaking slumping. vonnie: executives have been warning for quarter would be messy, or noisy. indeed it was thanks to the write-downs. the real estate right downs we were watching, goldman did see a slump in investment banking fees as well. it saw a downturn in consumer inking which houses the green sky lending is nice. goldman is not the largest property lender on the street. right downs of those drive $1.15 billion hit. they are spread on the balance sheet across debt and equity instruments. added visibility, offices do not make up a huge portion of that exposure, which is interesting given the return to work trends we have been seeing what you do not look good for office buildings. shareholders do not like that volatility, david solomon has been saying that they are getting out of that business. they will not hold those kinds of exposures on their balance sheet for lunch -- for much longer. this is david solomon's worst quarter. shares rose

west that is vonnie quinn giving us the latest on this big banking story today.'s look at meta now. they sought early success for threads. the tool racked up more than 100 million sign-ups in days. analysts that it could generate about $8 billion in annual revenue. the cfo told us more about their long-term vision for the platform. >> it isn't readily early in his lifecycle. this is not something we expect we will monetize in the near term. we know will be launched new consumer experiences that there is a playbook around all of the product foundation work that needs to be done around core features that users will ask for, being responsive to things that users are looking for in the product, scaling it over time to a much larger user base, focusing on driving increased engagement and retention. those are all things we are going to need to do in advance of thinking about monetization. it is a playbook we have executed multiple times and we are excited for the opportunity to do that again. >> i think i'm right in saying you are facebook employee number 400 eight. --

for more on the double blockbuster, let's bring in vonnie quinn. lp do notice you were wearing pink. i just war with the stylist told me, very much on theme along with many hundreds of people that were pink this weekend. vonnie: new york city was a blaze of paint, and more than 200,000 people went to the theaters this weekend in the united states and canada. it was the best day for theaters in more than four years since april 2019. it was anticipated that it might be. barbie itself took in $155 million in ticket sales. outside of the united states it made additional $182 million, and oppenheimer broaden $85 million. it really was a success for theaters particularly at a time when we think about the pending death of the gutters. it is also a real case study for companies. it is the iteration of a new strategy put in place by mattel 's sort of new ip strategy as he puts it. licensing ip and having movies made in selling merchandise, effectively trying to reignite the barbie brand and many other brands. the 14 other brands he is trying to do deals with

let's get more details from bloomberg's vonnie quinn. it is a step forward for the companies. the ftc has an in-house trial process. it was do to that hearing in august. the company's asked the ftc to withdraw that. under the agency's rules, it has to withdraw if it has lost its case in federal court, which it did last week. that was a surprise, but the court has allowed the deal to go through, for the merger to happen, while an appeals process is underway. they ftc cannot stop the merger from happening just because it is appealing the court decision. it is a loss for the ftc. it means the companies can persuade ftc commissioners to either drop their objection completely or just settle this somehow, agree to a small divestiture. shery: is that the worst case scenario? vonnie: the worst case scenario would take a long time. in the worst case scenario, the ftc could opt to restart the in-house case, even if the merger closes. imagine if that were to happen, they get past the u.k. competition authority, then the ftc does reopen the case in i

for now let's bring in vonnie quinn. be the biggest revamp of capital rules since the financial crisis. >> it's the next step toward the implementation of basil three rules. it was all begun but the vice president of supervision for banking at the fed. it's part of his sweeping new rules. essentially what will be proposed most likely is banks will have to re-wait risk assets. it may actually mean the banks have to hold two dollars more per $100 of risk-weighted assets. that's a lot of to dollars per $100. in fact, it may even amount to erasure of $121 billion built up over the 10 years by the 6-8 biggest banks. if these proposals go ahead and banks have a lot to say about it so it's going to take some time, that's what will happen. several questions get raised. for investors, what does it mean for buybacks and dividends? one says don't worry this will take time to implement, banks will have time to build up even more of a cushion but investors are saying i like my dividends every quarter i don't want to see that go away

vonnie quinn has more details. it has been almost a year since the pact went into effect. important has it been to ensure the grain supply? >> it has been a lifesaver. 43 countries at risk of famine before the pack went into effect and that has been widely appreciated. that is data according to the u.n. food program. political unrest in several of those countries at that time as well. the food price spike came down quite substantially. today we saw grain futures up. though it half the level they were after russia invaded ukraine because ukraine is one of the biggest exporters of grain and oils. the very last grain ship -- the deal is now finally not operational. there are efforts for it to get up and running again but the efforts in the last few days have failed. to be clear it does not mean there will not be exports, there we -- there will be. but it will take a lot longer and it will be more costly. and with currency fluctuations who knows how many more countries will be at risk of famine or having much more of their population fall into poverty. it has been a lifesaver.

let's bring in vonnie quinn. i am confused, what are we doing? are we tweeting? s look like? vonnie: i have no idea. what this would look like is also a mystery. but at least elon musk seems to be ambitious that it will happen. he has been tweeting about it. he even tweeted about it in 2022. it is highest -- it is his idea that we need to have something more akin to we pay, or we chat. but we know the payments graveyard is filled with former attempts from mega tax. remember libra? from facebook? mastercard and visa were on board with that until facebook abandoned the project. we also had google planning a digital financial offering and lined up 11 partners before it nixed the idea. although it did have some success in india. we even had amazon try to come up with one of these, but also abandon the plan. too expensive, too ambitious and so on. it is the holy grail because consumers are sticky. we love to stay with our bank. it is one way to make money. >> that was a blast from the past with those names. he is nothing if not ambitious. >> exactly. he always thinks u

haidi: vonnie quinn there with the update. what a launch that we have seen.to australian and new zealand bonds, the decision on wednesday, no expectation for a move after 12 rate hikes and signs of recessionary conditions in the economy. they are expected to really hold in that sort of decision we are expecting today. we are seeing weakness when it comes to trading. the three year yield showing relief following the gain in treasuries overnight. treasury yields were extended from 2023 highs. some are starting to say it's a buying opportunity. market open is next, this is bloomberg. ♪ (jennifer) the reason why golo customers have such long term success is because we focus on real foods in the right balance so you get the results you want. when i tell people how easy it was for me to lose weight on golo, they don't believe me. they don't believe i can eat real food and lose this much weight. the release supplement makes losing weight easy. release sets you up for successful weight loss because it supports your blood sugar levels between meals so you aren't hungr