Podcasts about goldman sachs ceo david solomon

Goldman Sachs may have picked its next chief executive years before any planned handover. It has raised eyebrows on Wall Street and would break from the usual process, where multiple candidates typically compete for the top job down to the last second. But it also completes an incredible comeback by current Goldman Sachs CEO David Solomon. The FT's US banking editor Joshua Franklin explains how Solomon reasserted his control over Goldman Sachs after a near rebellion and whether his potential successor is up to the task of running one of the world's biggest banks.Clips from CNBC, Goldman Sachs- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:Has Goldman Sachs already chosen its next CEO?Goldman Sachs has lost its wayGoldman Sachs hands chief David Solomon $80mn retention award- - - - - - - - - - - - - - - - - - - - - - - - - - Follow Joshua Franklin on X (@FTJFranklin). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The uncertainty caused by Trump’s tariff policies has been spooking business leaders and roiling the markets. And according to Goldman Sachs CEO David Solomon, there could be more economic pain ahead — at least in the short term. Today on the Big Take, Bloomberg editor-at-large Francine Lacqua sits down with Solomon at the Norwegian sovereign wealth fund’s annual investment conference in Oslo. He shares his thoughts on the fate of the US dollar as a reserve currency, opportunities for new investment in European markets and his predictions for global growth in the coming year. Read more: Goldman’s Solomon Says Markets to ‘Settle Down’ After ChaosSee omnystudio.com/listener for privacy information.

President Trump intensified attacks on Federal Reserve chair Jerome Powell, fueling market volatility and concerns over the central bank's independence. At the Chevron Leadership Initiative's CoMission Champions of Women in Sports event, Becky Quick sits down with Goldman Sachs CEO David Solomon to discuss market volatility, trade policy, economic uncertainty, and investing in women's sports. Facebook co-founder and chair of the Economic Security Project Chris Hughes is out with a new book, “Marketcrafters.” Hughes discusses Fed independence and the future of capitalism. Plus, Harvard is suing the Trump administration, the Academy Awards set new AI rules, and the FTC is suing Uber over premium billing. Chris Hughes - 15:43David Solomon - 26:53 In this episode:Chris Hughes, @chrishugesBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY

Carl Quintanilla, Jim Cramer and David Faber explored stocks recouping most of their losses from Monday's sell-off, which put the Dow on track for its worst April since the Great Depression. Jim weighed in on President Trump's criticism of Fed Chair Powell and its impact on the markets. The anchors also discussed earnings from the likes of Verizon, GE Aerospace and 3M -- which saw its shares jump despite the addition of "tariff sensitivity" to its guidance. Also in focus: Warren Buffett's timely Apple stock sale, what Goldman Sachs CEO David Solomon told CNBC about tariffs, Boeing sells some of its digital aviation assets to Thoma Bravo for $10.55 billion, International Monetary Fund slashes its 2025 U.S. growth forecast. Squawk on the Street Disclaimer

The Rich Zeoli Show- Hour 3: 5:05pm- On Thursday, President Donald Trump met with North Atlantic Treaty Organization (NATO) Secretary General Mark Rutte in the White House. The two discussed numerous issues—including negotiating a peace agreement between Russia and Ukraine, China's global predations, and reciprocal tariffs. 5:10pm- On Tuesday, after meeting with Ukrainian officials in Saudi Arabia, Secretary of State Marco Rubio revealed that Ukraine agreed to terms for an immediate ceasefire with a willingness to enter “immediate negotiations to end this conflict [with Russia] in a way that's enduring and sustainable." On Thursday, during a press conference, Russian President Vladimir Putin said he was open to an agreement—though he insisted there needed to be alterations to the current terms—and that he is expecting to speak with President Trump over the phone in the coming days. 5:20pm- According to research from the Heritage Foundation's Oversight Project, former President Joe Biden signed dozens of executive orders with an “autopen”—raising questions about the legitimacy of those actions. Did Biden know what he was signing? Earlier this year, Speaker Mike Johnson (R-LA) revealed that during a closed-door meeting Biden had no recollection of signing an executive order that effectively froze new liquid natural gas export permits. While appearing on the show yesterday, Congressman Scott Perry (R-PA) asked “who was actually making the decisions?” and insisted Congress must investigate. He noted: “it's not clear” if Biden is “cognitively able to remember” what happened or if he was even aware his signature was being used. 5:25pm- While speaking with Maria Bartiromo on Fox News, Goldman Sachs CEO David Solomon stated that the business community “understands” the motivation behind President Donald Trump's reciprocal tariffs. 5:30pm- According to a report from Todd Shepherd from Broad + Liberty, Governor Josh Shapiro's (D-PA) administration is unable to locate “key emails” pertinent to the sexual harassment accusations brought against Shapiro's Director of Legislative Affairs. You can read the article here: https://broadandliberty.com/2025/03/11/shapiro-admin-cant-locate-key-emails-in-sexual-harassment-case-zero-emails-on-the-serveris-preposterous/. 5:40pm- Since Gavin Newsom debuted his podcast earlier this month, the California governor has interviewed right-wing figures like Steven Bannon and Charlie Kirk. The ladies of The View aren't thrilled about Newsom's civil conversations with rival political ideologies. 5:50pm- In recent days, Tesla's stock has tumbled and there have been a growing number of social media influencers advocating for a Tesla boycott in response to CEO Elon Musk's work on behalf of the Trump Administration. In a show of support, President Donald Trump bought a Tesla at the White House on Tuesday.

The Rich Zeoli Show- Hour 4: 6:05pm- Reciprocal Tariffs: While speaking with Maria Bartiromo on Fox News, Goldman Sachs CEO David Solomon stated that the business community “understands” the motivation behind President Donald Trump's reciprocal tariffs. While appearing on NBC's Meet the Press, Commerce Secretary Howard Lutnick emphatically stated there will be “no recession in America” despite the Trump Administration's use of tariffs. Lutnick explained the tariffs are meant to level the playing field and will eventually go away once other nation's embrace free and fair trade. JP Morgan has raised the recession odds to 40%. 6:10pm- On Thursday, President Donald Trump met with North Atlantic Treaty Organization (NATO) Secretary General Mark Rutte in the White House. The two discussed numerous issues—including negotiating a peace agreement between Russia and Ukraine, China's global predations, and reciprocal tariffs. 6:25pm- According to research from the Heritage Foundation's Oversight Project, former President Joe Biden signed dozens of executive orders with an “autopen”—raising questions about the legitimacy of those actions. Did Biden know what he was signing? Earlier this year, Speaker Mike Johnson (R-LA) revealed that during a closed-door meeting Biden had no recollection of signing an executive order that effectively froze new liquid natural gas export permits. 6:40pm- Last month, while speaking with the press on Air Force One, President Donald Trump mentioned that his administration is considering sending America's 79 million taxpayers a “20% dividend…for the money that we are saving by going after waste and fraud and abuse.” The one-time payments could be as much as $5,000 per taxpayer. Will it happen?

Jim Cramer and Sara Eisen discussed market movers on the final trading day before Donald Trump returns to the presidency on Monday. The anchors looked at the best- and worst-performing S&P 500 stocks since Joe Biden became president, including Nvidia skyrocketing more than 900%. Also in focus: Mega-tech CEOs set to attend Trump's inauguration, the Supreme Court and the TikTok ban, Apple's stock slump, the Medicare news that sent shares of obesity drugmakers Eli Lilly and Novo Nordisk lower, Treasury secretary nominee Scott Bessent on Trump tax cuts, a retention award for Goldman Sachs CEO David Solomon. Squawk on the Street Disclaimer  

IntroductionLIVE from your ESG EV Dipstick, it's a Business Pants Friday Show here at January 17th Studios, featuring AnalystHole Matt Moscardi. On today's weekly wrap up: The CEO takeover has accelerated; bravery for sale at Costco; and men finally have power Our show today is being sponsored by Free Float Analytics, the only platform measuring board power, connections, and performance for FREE.Story of the Week (DR):DealBook: C.E.O.s hail the chief MMElon Musk, Jeff Bezos and Mark Zuckerberg to attend Trump's inauguration: The three will be seated together on the inauguration platform with other prominent guests.About $200M so far (BIden about $60M)Amazon: $2 millionMeta: $1 millionMeta CEO Mark Zuckerberg: $1 million (personal donation)Robinhood: $2 millionBank of America: $1 millionGoldman Sachs: UndisclosedGoogle: $1 millionMicrosoft: $1 millionUber: $1 millionUber CEO Dara Khosrowshahi: $1 million (personal donation) Boeing: $1 millionFord/GM//Hyundai/Toyota: $1 millionRipple [Cryptocurrency]: $5 millionApple CEO Tim Cook: $1 million (personal donation)OpenAI CEO Sam Altman: $1 million (personal donation)etc.In Farewell Address, Biden Warns of an ‘Oligarchy' Taking Shape in AmericaPresident Joe Biden's farewell address Wednesday came with a series of warnings for the future of the country, among them that a rising “oligarchy taking shape” threatens American democracy: "Today, an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedoms and a fair shot for everyone to get ahead."“... concerned about the potential rise of a tech-industrial complex," Biden said. "It could pose real dangers for our country as well.""Social media is giving up on fact-checking. The truth is smothered by lies told for power and for profit." he said, appearing to refer to Meta's ending its fact-checking program.without safeguards, AI could "spawn new threats to our rights, our way of life, to our privacy, how we work and how we protect our nation."​​161 years ago, a New Zealand sheep farmer predicted AI doomOn June 13, 1863, a letter titled "Darwin among the Machines" written by Samuel Butler (under the pseudonym Cellarius) published in The Press newspaper of Christchurch warned about the potential dangers of mechanical evolution and called for the destruction of machines, foreshadowing the development of what we now call artificial intelligence—and the backlash against it from people who fear it may threaten humanity with extinction. It presented what may be the first published argument for stopping technological progress to prevent machines from dominating humanity.The letter drew direct parallels between Charles Darwin's theory of evolution and the rapid development of machinery, suggesting that machines could evolve consciousness and eventually supplant humans as Earth's dominant species."We are ourselves creating our own successors." he wrote. "We are daily adding to the beauty and delicacy of their physical organisation; we are daily giving them greater power and supplying by all sorts of ingenious contrivances that self-regulating, self-acting power which will be to them what intellect has been to the human race. In the course of ages we shall find ourselves the inferior race."In the letter, he also portrayed humans becoming subservient to machines, but first serving as caretakers who would maintain and help reproduce mechanical life—a relationship Butler compared to that between humans and their domestic animals, before it later inverts and machines take over.Goldman Sachs CEO David Solomon says AI can write 95% of an IPO prospectusThe initial registration prospectus for an IPO, called S1, usually took a six-person team two weeks to complete. However, now 95 per cent of the work can be completed by AI in minutes, he said. Goldman Sachs chief David Solomon questions start-ups' need to listHe also asked private companies to take ‘great caution' before deciding to go public, adding that the depth of capital in private markets has made the need to go public redundant for many. Goodliest of the Week (MM/DR):DR: Costco is holding the line on DEI; Delta Doubles Down on DEI, ESG Policies; Apple backs diversity programs rejected by US firmsMM: European Union orders X to hand over algorithm documentsAssholiest of the Week (MM):Alpha masculine cosplayMiddle school beta nerds realizing they have “fuck you” money and now trying to act like big boys… which means dunking on women, gays, blacks, trans, and momWe need to be more manlyMommy made me do it, but now I'm a big boyElon paid for someone to spend 24 hours a day leveling up a video game character, then pretended it was him and he was good at itTrump Taps Mel Gibson, Sylvester Stallone and Jon Voight as Hollywood ‘Ambassadors'Bezos has a HUGE NEW ROCKET guysThe Nerd Alpha Cosplay is using MAGA Trump as a vehicle…Inauguration hypocrisy ($170m)Game: of the top donors to the Trump inauguration, which is the biggest hypocrite?I give you the name of 10 largest donors, you say whether they're a hypocrite who gave more to Dems or not because they gave more to GOP anywayAutocrat hypocrisy DRInstagram and YouTube Prepare to Benefit if TikTok is BannedZuckerberg, Brin, and Page Prepare to Benefit if China is BannedThere are 743 authoritarian (dual class, founder lead, fake democratic) US companies that trade out of about 2,200 - that's a whopping ⅓ of the US market that's fake democratic public companiesLet's apply the “China Threat Theory” to them:Economic consolidationTotalitarian companies are 34% of US market capMilitary spendingPalantir (0.3% of market cap) and 9 other totalitarian companies have weapons manufacturing (total 2% of US cap)Privacy and espionage16% - 16% - of US market cap is totalitarian companies involved in privacy violations or data breachesThe top 4 are obviously nerd alpha cosplayers - Brin/Page, Bezos, Zuck, MuskPropagandaTesla and Walmart are the two largest firms flagged for misleading customers through advertisingMusk straight up lies to customersTotal cap of 3.33%Human rightsAlphabet, Amazon, and Meta are flagged for human rights problems, both in and out of labor forcePalantir and Salesforce as well11% of US market capHere are the most Chinese Threat US Totalitarian companies:National Presto IndustriesPalantirBerkshire HathawayTeslaMetaAmazonAlphabet is tops!Yeah, but DEI!John Deere Sued by FTC Over Equipment-Repair PracticesSEC sues Elon Musk, says he cheated Twitter investors out of $150 millionToyota truck unit fined $1.6 billion for emissions violationsYeah, but it was a DEI firm, so we feel bad for the fanHeadliniest of the WeekDR: Mark Zuckerberg is reportedly blaming former Meta exec Sheryl Sandberg for a company inclusivity initiativeMark Zuckerberg praises benefits of 'masculine energy', calls corporate America 'culturally neutered'78% of Fortune 500 HR leaders say they have trouble getting the C-suite to believe in the long-term benefits of childcare MM: McDonald's Retires DEI Goal SettingMM: Carrier Global Corporation Appoints Amy Miles to its Board of DirectorsYou might not think this is funny if you don't know who Amy Miles or Carrier are… Carrier makes HVAC systemsCEO is David Gitlin, on Boeing boardAmy Miles is the CEO of Regal Entertainment (the movie theaters) and is on the board of GapShe joins ex Walmart, ex GSK, ex American Water Works, ex TIAA CREF execs on a board overseeing… air conditionersWho Won the Week?DR: Oligarchy TruthersMM: Co-co-co CEOs - Paramount Will Allow Its 3 Co-CEOs to Resign and Receive Severance If They Are DemotedPredictionsDR: The DEI decision train gets rolling as a bulk of S&P 500 takes a sideMM: After Vivek said we have to stop venerating jocks, and the middle school nerdboys with money have shown how unfit they are to run anything, Free Float adds a data point that shows the percentage Jock Influence on every board to get a sense of there being team players that might actually be adults in the room and it's the beginning of the end of the Nerd Fake Alpha era

Goldman Sachs CEO David Solomon has expressed concern about the widening conflict in the Middle East, even though it hasn't had a significant impact on business yet. He spoke exclusively to Bloomberg's Joumanna Bercetche at the Future Investment Initiative (FII) conference in Riyadh, Saudi Arabia. They also discussed the Fed's path forward, global growth concerns, dealmaking and the upcoming US election.  See omnystudio.com/listener for privacy information.

What would YOU like to hear about on Bloomberg? Help make shows like ours even better by taking our Bloomberg audience survey.On today's podcast: 1) The Trump-Harris race enters its final week with candidates making closing arguments 2) Bitcoin jumps as the election nears 3) Goldman Sachs CEO David Solomon discusses election and the US economy See omnystudio.com/listener for privacy information.

What would YOU like to hear about on Bloomberg? Help make shows like ours even better by taking our Bloomberg audience survey.Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) HSBC has announced a fresh multi-billion dollar stock buyback as it reported better-than-estimated earnings, days after unveiling a major overhaul of its businesses.(2) Banco Santander has posted better-than-expected profit in the third quarter, as the lender sees progress in adjusting to lower interest rates.(3) Goldman Sachs CEO David Solomon is sounding a bullish note on the outlook for dealmaking, singling out investments in technology as a bright spot.(4) Volkswagen is embarking on an unheard-of German restructuring in what amounts to comeuppance for having allowed issues at its namesake brand to fester for years.(5) A proposal to divide up the UK power market and unleash free electricity in the windiest parts of the nation is turning into a bitter fight between its biggest energy companies.See omnystudio.com/listener for privacy information.

Asian chipmakers climb higher following a tech-led rebound on Wall Street, as Nvidia CEO Jensen Huang attempts to reassure investors over its delayed Blackwell chip production. U.S. inflation falls in August while core CPI surprises to the upside, with Goldman Sachs CEO David Solomon telling CNBC exclusively that he still believes in a soft-landing. OpenAi is reportedly in talks over a fresh fundraising round, which would see the Chat GPT maker valued at $150 billion. Over in Europe, the ECB lines up its second rate cut of the cycle as markets bet on another 25 basis point move lower, with UBS CEO Sergio Ermotti reinforcing that view in an exclusive interview with CNBC.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Watch The X22 Report On Video No videos found Click On Picture To See Larger PicturePete is now trying to convince the people that air turbulence is from the climate hoax. The people are not going along with this, they know the truth. The [CB]/Biden administration is failing to convince the people that the economy is doing well. Rate cut coming soon. The [DS] has lost it's grip on the American people. We knew this day would come and the people are ready to fight. The people now see Trump as the victim and Biden as the attacker. If they throw Trump in jail he will become more powerful and the people will see the political hit. The strategy that is being used is the dead-chicken strategy and it's working. Everything must happen to Trump first. Today we honor those who served this country.   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy https://twitter.com/KobeissiLetter/status/1794425232217756156   a luxury because they struggle financially. This is most evident among households that make less than $30,000 a year. Meanwhile, a family fast food meal currently costs $60-$70. What happened to fast food prices? https://twitter.com/KobeissiLetter/status/1794397199511552224  Since January, a total of 5 interest rate cuts have been priced-out of market expectations. On Wednesday, Goldman Sachs CEO David Solomon said he expects zero cuts this year. Higher for (even) longer. Political/Rights https://twitter.com/peterschweizer/status/1794055810521120885   HUNTER: “Yes- and they got to meet Dad. All very good. Talk later.” ARCHER: “great! have a good day over there.” HUNTER: “Dinner w/ Xi was pretty amazing. They (Xi and JRB) were supposed to spend 2hrs together. It stretched to 7hrs. I think they are in love with each other. They all most kissed on departure” This is in stark contrast of what Joe Biden said on the campaign trail in 2020. Joe Biden in August 2019: “I have never discussed with my son or my brother or anyone else anything having to do with their business, period.”   https://twitter.com/kylenabecker/status/1794723905812185326   more." Supreme Court Justice Sonia Sotomayor, known to her Woke supporters as "the Wise Latina," gave an address on Friday to Harvard's Radcliffe Institute. In her acceptance of an award, she shared her feelings about the hardships she has endured being in the left-wing minority on the Supreme Court. "There are moments when I'm deeply, deeply sad. There are moments when, yes, even I feel desperation. We all do." "But you have to own it, you have to accept it, you have to shed the tears and then you have to wipe them and get up." Sotomayor, who is 69, is facing calls to retire so that a younger radical judge can be put on the Supreme Court in case Donald Trump is elected again. https://twitter.com/GenFlynn/status/1794910263730421914   Geopolitical/Police State War Sunak's plan to make 18-year-olds do national service grabs attention on UK election trail    All 18-year-olds in Britain will have to perform a year of mandatory military or civilian national service if the governing Conservative Party wins the July 4 national election, the party said Sunday. Prime Minister Rishi Sunak pledged to bring back a form of national service for the first time in more than 60 years, seeking to energize his election campaign after a faltering start. The U.K. introduced military conscription for men and some women during World War II, and imposed 18 months of mandatory military service for men between 1947 and 1960. Since then Britain has had an all-volunteer military whose size has steadily shrunk.

In this episode, we bring you the most compelling highlights from the Milken Institute Global Conference 2024.Last week, Beverly Hills hosted this powerhouse event, drawing luminaries and influencers from across the globe, making this conference a pivotal moment in the world of finance and investment.Join us as we unpack the key takeaways:Elon Musk's x.AI is on the brink of securing a staggering $6bn in funding, propelling its valuation to a staggering $18bnThe Saudi government's investment A-team makes waves, signalling a significant shift in global investment dynamicsFormer US Treasury Secretary Steve Mnuchin remains undeterred in his pursuit of a stake in TikTokPrivate markets are all anyone is talking about with Goldman Sachs CEO David Solomon expecting a massive amount of consolidationEveryone is getting hot on M&A in 2024Tune in to "The Deal Room" as we uncover the power plays, strategic manoeuvres, and game-changing insights from one of the most influential conferences of the year. Hosted on Acast. See acast.com/privacy for more information.

Goldman Sachs CEO David Solomon discusses the company's AI strategy, M&A, and company outlook.

In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are speaking with Goldman Sachs CEO David Solomon at the World Economic Forum in Davos, Switzerland. In his exclusive interview after Goldman's fourth quarter financial report, Solomon explains the numbers and the firm's shift to asset and wealth management. After a tumultuous 2023 for his firm and for the macroeconomic environment, Solomon says his firm is well-positioned, and he's not expecting more rate hikes from the Fed.  In this episode:Becky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY

On today's podcast: 1) Russian President Vladimir Putin arrived in the United Arab Emirates to start a rare foreign trip that will also include a visit to Saudi Arabia, with bolstering cooperation among strategic oil producers a top priority. 2) Israeli leaders rebuffed mounting pressure to halt the military campaign in the southern Gaza Strip, vowing to press on until Hamas is eradicated even as the death toll rose and the United Nations warned that civilians had no safe harbor amid the bombing. 3) President Joe Biden said he may have decided to serve just one term if Donald Trump were not seeking to return to the White House, arguing the former president poses a grave threat to American democracy.   Full transcript:  Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with the latest on the war in the Middle East. Israeli leaders are vowing to continue their fight to eradicate Hamas despite criticism from international groups. Prime Minister Benjamin Netanyahu lashed out after the un said there are no longer any safe places in Gaza. I say, to the women's rights organizations, to the human rights organizations, you've heard of the rape of Israeli women, horrible atrocities, sexual new relation. Where the hell are you? Prime Minister Natanyahu's troops are continuing to press into the southern Gaza city of han Yunis Well, Nathan. Back here. In the US, presidents of three prestigious universities, Harvard, MIT, and Penn were called to Capitol Hill to explain to lawmakers what they're doing about an outbreak of anti Semitism on their campuses. Bloomberg's Amy Morris has more from Washington. The university presidents told lawmakers they won't tolerate anti semitism on their campuses as they cope with protests over the Israel Humas war. During heated questioning, by New York Republican Elis Stephonic. Harvard University professor doctor Clauding Gay cited free expression and says the school consistently enforces its rules of conduct, even of views that are objectionable, offensive, hateful. It's when that speech crosses into conduct that violates our policies against bullying Haras. Does that speech not cost that barrier? Does that speech not call for the genocide of Jews and the elimination of Israel? We embrace a commitment to free expression. Alumni and donors, citing incidents of anti Semitism, psychologists just aren't doing enough to create a safe learning environment for Jewish students in Washington. Amy Morris, Bloomberg Radio, all right, Amy, thank you. In other news this morning, Vladimir Putin has arrived in the United Arab Emirates at the start of a trip that will also include a visit to Saudi Arabia. It is a rare overseas trip since the invasion of Ukraine. The Russian president is seeking to bolster partnerships with key oil producers. Bloomberg's Rosalind Mathieson says the visit reveals a lot about the way Putin sees his position. He's really not left Russia very much since he invaded Ukraine almost two years ago. He's been to China, he's been to some of the proof ree States, but he's not really ventured any further than that. So simply the fact that he now feels confident enough to travel to the UAE, to travel to Saudi Arabia, to meet with some very very high level officials in both countries shows perhaps a reflection of how he's feeling at the moment about his hold on power at home, about where he's born in Ukraine is at and really that he's not feeling isolated on the global stage. Bloomberg's Ros Matheson says Putin's previously limited trips mainly two close allies since he ordered troops into Ukraine. Well, let's turn to US politics now, Nathan And a revealing comment from President Biden. The president says he might have decided not to run for reelection if former President and Donald Trump were not in the race. At a fundraiser in Massachusetts, the President said, quote, we can't let him win for the sake of the country. He was asked about the comment afterward. I expect so, but look, it is running and I just have to rus not no, not now. The President's comments come as polls show many voters are concerned about his age and the prospects of a Biden Trump rematch. Well. Meanwhile, Karen, the President's re election campaign does expect to raise more than fifteen million dollars in events across the country over the next five days. Biden is back in Washington after those three fundraisers in Boston, there was one actually that included singer James Taylor. On Friday, the President plans to travel to Los Angeles for a fundraiser with film director Steven Spielberg and Rob Reiner. Oh, we turned to the markets now, Nathan, as we await the crucial Friday jobs are pored. Another labor data point is reinforcing optimism of rate cuts, and we get the latest from Bloomberg's John Tucker and Karen. It's just what the Fed wants to see. The jolts or job opening survey pulling back in October to the lowest level since early twenty twenty one. It underscores the gradual cooling in the labor market that policymakers want. The labor market seems to be softening through slowing demand for new workers, rather than employers cutting jobs. A separate report shows easing inflation in the service sector. The ten year US yields that briefly top five percent in October broke below four point two percent. They're lower still this morning. It all feeds into the Goldilock scenario. Still some investors are warey. We're calling the story of Goldilocks had a few bears in it. Friday, we do get the monthly jobs report, and next week is the Fed meeting. John Tucker, Bloomberg Radio Now lots to come John, Thank you. Also today, the CEOs of some of the biggest banks on Wall Street are in Washington to testify before Congress. More on that from Bloomberg Financial correspondent Chanelli Bossik, JP Morgan CEO Jamie Diamond, and Goldman Sachs CEO David Solomon are among big bank CEOs set to face the Senate Banking Committee today in Washington. The committee, led by Senator Shared Brown, has held the hearing with the big banks every year since Brown became chairman in twenty twenty one, saying that he's there to protect the main street economy and the bankers will face questions on everything from mortgage rates to savings rates after the Federal Reserve has raised interest rates so dramatically. In Washington, d C. I'MTIONALI Bassic Bloomberg Radio Shanelle, thank you. What we heard from another bank executive ahead of those hearings. The Bank of America CEO Brian moynihan is talking about the economy. His firm still expects us off landing rather than a recession. The reality is going to be a slowdown, but we have it as being positive. The way customers are spending their money is leveled out. In other words, there's not this good service, this massive change. So some things are growing faster, but it's leveled out, meaning that all the categories are kind of grow on plus or minds the average. And so that's all good news that the economy's normal life. Bank of America CEO Brian moynihan made the comments yesterday at Goldman Sachs US Financial Services. Come friends, time now for a look at some of the other stories making news around the world. For that, we're joined by Bloomberg's Amy Morris. Samy. Good morning, Good morning, Karen, and we're learning that Russian President Vladimir Putin has just arrived in Abu Dhabi, a rare foreign trip to bolster oil cooperation with Saudi Arabia and the United Arab Emirates. Back here at home, House Speaker Mike Johnson says House Republicans have come to an inflection point in their impeachment inquiry of President Biden. Bloomberg's nanacylliance brings us an update. Speaker Johnson says the House has no choice but to take an official vote on an impeachment inquiry next week. The White House has refused to acknowledge the legitimacy of the probe since no vote was taken, which is the usual course. They're refusing to turn over key witnesses to allow them to testify as they've been subpoena. They're refusing to turn over thousands of documents for the National Archives. The impeachment inquiries over President Biden's alleged involvement and his son Hunter's overseas business dealings. The investigation so far has produced no direct evidence. In the press has denied any wrongdoing. In Washington, Nancy lyons Bloomberg Radio Now Senate Majority Leader Chuck Schumer says Yesterday's classified Senate hearing that was supposed to be about Ukraine was quote hijacked by Republicans trying to force a conversation about the US border. Schumer offered Republicans a chance to offer an amendment to the package, but that would require sixty votes to pass any amendment they want. If they can get sixty votes, they can solve the border problem. It's plain and simple. Senator Schumer has set up a procedural vote on a supplemental spending bill that does not include border provisions that'll be set for later today. Meanwhile, Ukrainian President Vladimir Zelensky canceled his address to the US Senate yesterday as those negotiations bogged down. Former President Donald Trump is reportedly likely to attend his New York civil fraud trial tomorrow. His attendance would come just days before he's expected to take the stand again next week. Trump is set to be the defense's last witness in that case on Monday. He last has to fight on November sixth. New York Attorney General Letitia James accuses Trump and others of inflating the value of assets in order to obtain more favorable loans. Members of Hollywood's actors union have voted to ratify the deal with studios, ending their strike after nearly four months. The seventy eight percent approval from the members of the Screen Actors Guild American Federation of Television and Radio Artists was no certainty. Some prominent members had voiced assent on that deal. A rejection of the agreement would have meant a return to the bargaining table and the possibility of workers going back on strike. Global news twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Amy Morris and this is Bloomberg Karen. All right, Amy, thanks, So we do bring you news throughout the day right here on Bloomberg Radio. But as Amy said, you can now get the latest news on demand, and that means whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot com plus Apple Well, Spotify, and anywhere else you get your podcasts all time. Now for the Bloomberg Sports Update, by John Stashaur John Karen. Milwaukee and the Lakers will join Indiana and New Orleans for the semifinals the NBA's in season tournament tomorrow night in Las Vegas. The Bucks scored thirty four or more points in all four corners. They shot sixty percent from the field and made sixty percent of their three pointers. They beat the Knicks in Milwaukee one forty six to one twenty two Giannis Sunde. The couple scored thirty five points. Damian Lillard added twenty eight. Julius Randall scored forty one for the Knicks, who gave up the most points they've given up in a game since nineteen seventy nine. Closer game in La Lakers top Phoenix one oh six to one oh three. The Stars were out Lebron James thirty one points and Kevin Durant thirty one in the loss. He missed the three at the buzzer that would have tied the game, So it'll be the Pacers against the Bucks. The Lakers against the Pelicans championship game on Saturday. College trips to New York. Fifth rank Yukon beat ninth rank North Carolina eighty seven to seventy six, only the eighth trade ever between the Yankees and Red Sox. The Yanks get outfielder Alex Perdugo from Boston. The Red Sox get three pitchers, most of whom spent last season in the minor leagues. Yankees also looking to acquire Juan Soto at the winter meetings underway in Nashville. The bigger story, Who's gonna get shoe A? Otani? The favorite right now? The Dodgers. Their manager Dave Roberts, met with Otani for a couple of hours at Dodgers Stadium. Roberts said Otani is our top priority. John stash Award Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Siriusxam, the Bloomberg Business app in Bloomberg dot Com. This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. On a busy morning overseas and in domestic Paul, including in Israel, where they are pressing on with the fight against Hamas in southern Gaza despite international pressure to end the war. Russian President Vladimir Putin is on a rare trip outside his country just landing in the United Arab Emirates today, and US President Joe Biden is raising new questions with his latest comments on why he's running for reelection. Lot's to get to this morning with Bloomberg new senior editor Bill Ferries, who joins me now. Bill, So, the fighting goes on in Gaza, and from the looks and sounds of it, it's about as intense as it's ever been. Absolutely, there's a lot of reports that the death toll and southern Gaza has picked up. Israel Is sending forces all around the second biggest city in Gaza there in the south in Prime Minister net and Yahoo today said we will fight until the end, calling for a quote crushing victory. At the same time, Israeli officials have said that they are willing to or another pause if or cease fire if that really allows more hostages to be released. But you know, from the beginning, I think since October seventh, when Hamas went into Israel, the Israeli government has said one of their ultimate goals here is to destroy the mass leadership, and I think they're going to proceed in that direction, whether or not they get more hostages out. Is there a risk that Israel could lose international support if the bombardments maintain this level of intensity. Yeah. Absolutely. I think you've already seen them on the defensive internationally, trying to really focus on their efforts to minimize civilian casualties. But you have people like even the United Nations agencies that are operating there saying at this point there's really no safe place for Palestinians in the Gaza Strip to evacuate too. You know that all places are effectively targets at this point. So I think there's certainly a public relations battle that goes along with the battle in Gaza, and I think that's one that Israel. The public relations battle is one that Israel is really struggling with. And while we watched the movement in the Gaza Strip, Bill, we are also monitoring movements by Russian President Vladimir Putin. We got the headline just moments ago that he has arrived in the United Arab Emirates. This is a pretty rare trip abroad for the Russian president. It is there's a lot going on here. I think. On the one hand, you know, you go to you go to the UAE, and you go to Saudi Arabia, where he's expected I think later in the day. You go there for one reason, and that's to talk about oil and energy. Russia has been supportive of the Opek plus arrangement to cut production further beginning in January. Russia and Saudi Arabia are really the backbone of that Opek plus agreement. Though Russia has not really been cutting back on production, it needs those oil sales to fund its war in Ukraine. But I think there's also just a very symbolic gesture and putin traveling, making this trip just sort of showing that he can travel. There's not many places where he can go at this point where he wouldn't be at risk of getting arrested for the for the Ukraine War. He's skipped a Brick summit in South Africa earlier this year because of concerns he might be detained. But he is, you know, he's able to travel relatively freely. There is a lot of Russian investment in this in the Gulf States, a lot of Russian companies that have fled Western sanctions relocated there, a lot of Russians relocated there, and so I think there's a whole bunch of issues on his agenda, from from oil to to investment. Uh, and then frankly, just the symbolic importance of being seen traveling abroad. President Biden is traveling as well, raising a lot of money for his re election campaign and making some pretty interesting comments on why he's running. He's saying that he might not even be running if not for former President Trump. It's kind of raising concerns, isn't it. Yeah, you have a lot of people who a lot of Democrats who would you know, who say they're really concerned about the president's age. They'd like to see a different candidate in the race. Frankly, you have a lot of Republicans who say that about Donald Trump at aged seventy seven as well. It says a lot about the race. I think Joe Biden in some ways is saying what perhaps Democratic strategists and leaders have been saying, which is, you know, he's he's the only guy who beat Trump in twenty twenty and and feels perhaps like he's the one to do it again. I think, you know, he seemed to walk back that comment a little bit when he returned to the White House last night, saying that if you know he would expect that maybe he would still be the candidate even if Trump wasn't running. But I think he said he said out loud, the quiet part that a lot of Democratic operatives have been saying for a while. This is Bloomberg Daybreak Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine one in Washington, Bloomberg one oh six to one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus listen coast to coast on the Bloomberg Business app, serriusxmb iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee omnystudio.com/listener for privacy information.

Markets have rallied almost 11 percent in November, in part on expectations that the Fed is done raising rates. Today on the show, we look at the Fed's likely pause and how investors are responding. Also we go long Goldman Sachs CEO David Solomon as a DJ. And we make a daring neutral call on the future. Links:Can David Solomon DJ? An investigationFor a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedofferFollow Ethan Wu (@ethanywu) and Katie Martin (@katie_martin_fx) on X. You can email Ethan at ethan.wu@ft.com.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Vladimir Putin has made his first official trip outside the Soviet region this year. The Russian president is seeking to bolster anti-west support as his country faces Western sanctions because of the ongoing war in Ukraine. The visit comes despite an outstanding warrant for his arrest from the International Criminal Court. We examine the closening economic links between Russia and China with non-resident scholar at the Carnegie Russia-Eurasia Center in Berlin, Alexandra Prokopenko. South African president Cyril Ramaphosa has dismissed talk of a financial crisis in the country. He was speaking at a three-day meeting of the ANC's National Executive Committee. Goldman Sachs CEO David Solomon has stopped his side hustle of DJing. We ask HR expert Tracie Sponenberg if there should be a line between someone's professional and personal interests.

On today's podcast:(1) President Biden will travel to Israel tomorrow in a show of US solidarity with its closest ally in the Middle East. (2) Russian leader Vladimir Putin has arrived in Beijing for China's Belt and Road Forum. (3) The Bank of England Chief Economist Huw Pill says sticky inflation in the UK may require a long-lasting response. (4) Reports suggest that Goldman Sachs CEO David Solomon has stopped his controversial hobby of DJing. See omnystudio.com/listener for privacy information.

Apple shares have been under pressure this week, as reports of China's restriction of Apple products continue. CNBC's Beijing Bureau Chief Eunice Yoon discusses the report and the CCP's approach to American big tech. Commissioner of the U.S.-China Economic and Security Review Jacob Helberg warns that this ‘tech war' could give way to a military war between China and the US. As students get back to school and workers head back to the office, the MTA is prepared for an uptick in NYC ridership, despite the subway's recent fare hike. MTA CEO Janno Lieber argues that congestion pricing is a good thing for commuters, and explains the declining crime rates in the MTA systems. Plus, Elon Musk interfered in the Russian war with Ukraine, BMW is making small (and hot) changes, and Goldman Sachs CEO David Solomon is speaking out about his negative press.  Eunice Yoon 15:37Jacob Helberg 17:57Janno Leber 28:13 In this episode:Janno Lieber, @MTAEunice Yoon, @onlyyoontvAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie

Carl Quintanilla and Jim Cramer wrapped up a holiday-shortened week with a look ahead for themarkets, especially in the tech sector. The Nasdaq entered Friday's session in the midst of a four-day losing streak. The anchors reacted to Wall Street analyst notes about Apple shares falling 6% over two days -- in wake of headlines surroundingChina and the iPhone. Also in focus: David Faber's exclusive interview with Goldman Sachs CEO David Solomon, the United Auto Workers called General Motors 10% wagehike offer "insulting" ahead of next week's strike deadline, used car price inflation data, the Disney-Chartercable fee standoff, the Lions-Chiefs NFL season opener.  Squawk on the Street Disclaimer

Apple shares take a big hit, losing $200 billion in market value in two days as reporting gathers pace that Chinese government workers have been banned from using iPhones. Shares in Apple supplier Qualcomm drop over 7%, leading U.S. chipmakers lower and weighing on Wall Street, while a fall in jobless claims triggers concerns over higher rates and stubborn inflation. Goldman Sachs CEO David Solomon defends his time in the top job, telling CNBC he doesn't recognise the recent "caricature that's been painted", while pinning his hopes on a rebound in IPO activity. And global leaders descend on New Delhi for the G20 summit, but the absence of Chinese President Xi Jinping remains a key talking point as tensions continue with the U.S.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this exclusive interview, "Squawk on the Street" co-anchor David Faber spoke with Goldman Sachs CEO David Solomon at the Goldman Sachs Communacopia & Technology Conference in San Francisco, CA.

Four straight down session for the Nasdaq and Apple extended its slide. G Squared Private Wealth's Victoria Greene and Profit Investments' Eugene Profit break down the market action. Earnings from Docusign and RH. David Faber brings an exclusive interview with Goldman Sachs CEO David Solomon from the bank's TMT conference. Solomon talked on the recent negative press, the Fed, the market environment and M&A. CFRA analyst Ken Leon joins our Michael Santoli and Leslie Picker to react to the extended interview. Plus, tonight's NFL kickoff could signal the start of a record sports betting season.

The press has been savaging Goldman Sachs CEO David Solomon. And only the Unhedged Podcast is brave enough to defend him. A little bit. Well, we're not saying he's the greatest ever, but there are a lot of interesting reasons it is getting harder to be a secretive financial group and consistently make billions. Also, we go even longer on Japan and short our ability to make predictions about Nvidia. For a free 90-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedofferFollow Ethan Wu (@ethanywu) and Katie Martin (@katie_martin_fx) on Twitter. You can email Ethan at ethan.wu@ft.com.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Carl Quintanilla, David Faber and Jim Cramer led off the show with breaking news from David: PayPal has tapped Intuit executive Alex Chriss to succeed Dan Schulman as CEO in late September 2023. The anchors also discussed the new market week which will include earnings from Walmart, Target and Home Depot. Carl, David and Jim reacted to Goldman Sachs' prediction that the Fed will begin cutting rates in Q2 2024. Shares of U.S. Steel soared after the company rejected a $7.3 billion unsolicited takeover off from rival Cleveland Cliffs. Also in focus: The negative press surrounding Goldman Sachs CEO David Solomon – fair or unfair? Squawk on the Street Disclaimer

China contagion is a concern today, as the country's real estate sector sells off following a big warning from Country Garden. How bad could the ripple effect turn out to be globally? We'll explore.Plus, someone once said “there's no such thing as bad publicity.” But that person was not Goldman Sachs CEO David Solomon. After a series of unflattering articles, many are asking: how much longer can he keep his job? We'll discuss.

The Federal Open Market Committee (FOMC) is expected to maintain its benchmark lending rate at the 5%-5.25% range, marking the first skip after 10 consecutive increases going back to March of last year. While officials' efforts have helped to reduce price pressures in the US economy, inflation remains well above their goal. Investors' focus will be on the Fed's quarterly dot plot in its Summary of Economic Projections, which is expected to show the policy benchmark rate at 5.1% at the end of 2023. In this episode of The Higher Standard, Chris and Saied examine this news and determine the effect it will have on the economy as a whole.They discuss comments from Goldman Sachs CEO David Solomon, who claims to be surprised at the way the US economy has weathered higher interest rates, elevated inflation, and banking turmoil over the past year.Chris and Saied look at recent Fed data, indicating that Americans have a record amount of credit card debt right now — close to $990 billion.They also offer some thoughts on a revised home prices forecast from Goldman Sachs strategists, who now predict a smaller decline this year — 2.2% decline in 2023, down from 6.1%. Join Chris and Saied for this fascinating and informative conversation.Enjoy!What You'll Learn in this Show:The little signs that people are noticing that signal a recession.Why people are reluctant to change their living standards.Why consumers will start cutting back on discretionary spending.And so much more...Resources:"The U.S. economy has been incredibly resilient,” Goldman Sachs CEO" (CNBC)"Americans have almost $990 billion in credit card debt" (Marketplace)"The hidden risk on bank balance sheets" (Axios)"'I told you so': Dave Ramsey made the correct call on US real estate 18 months ago — but is he still right about housing in 2023? Here's what the financial guru thinks now" (Moneywise)https://moneywise.com/real-estate/dave-ramseys-2023-real-estate-predictions"Wall Street is divided on the outlook for US house prices. Here's what 6 experts have recently said." (Markets Insider)"Fed Is Set to Pause and Assess the Effect of Rate Hikes" (Bloomberg)

Inflation could be stickier than the markets expected, warns Goldman Sachs CEO David Solomon. THL Partners Co-CEO Scott Sperling agrees, suggesting that AI innovation could ease some of the economy's wage inflation. Ahead of Memorial Day Weekend, The Points Guy founder Brian Kelly explains traveler willingness to splurge on vacation, amid economic uncertainty. Plus, Netflix is cracking down on password sharing, and Florida Governor Ron DeSantis aims for the White House, live on Twitter.  In this episode:Brian Kelly, @thepointsguyBecky Quick, @BeckyQuickMelissa Lee, @MelissaLeeCNBCRobert Frank, @robtfrankKatie Kramer, @Kramer_Katie

Wall Street is in the red as the debt ceiling negotiations drag on, with the deadline just over a week away. Speaking at the CNBC CEO Council Summit, Goldman Sachs CEO David Solomon says that the chance of recession this year is worsening as inflation remains stickier than predicted. Bundesbank President Joachim Nagel believes the ECB must hike several more times in its fight against inflation in the euro zone as the central bank marks its 25th anniversary. Florida Governor Ron DeSantis is reportedly due to announce his presidential run later today during a special Twitter conversation with billionaire owner Elon Musk. And, according to the Janus Henderson Global Dividend Index, global dividend payouts have soared to a record $327bn during the first quarter this year. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Episode 7: Neal and Toby discuss the consumer product drama surrounding Goldman Sachs CEO David Solomon. Also why vapes might be getting more expensive, and how President Biden is taking some excess profits from chipmakers in the US. Plus the case for a lunar timezone, and who would ever order the same thing as your partner at dinner? Listen Here: https://www.mbdailyshow.com/ Watch Here: https://www.youtube.com/@MorningBrewDailyShow Sources: Goldman Sachs CEO on the hot seat: https://www.morningbrew.com/daily/stories/2023/02/28/goldman-sachs-might-ditch-consumer-banking Possible Billion Dollar Vape Acquisition: https://www.wsj.com/articles/altrias-latest-vape-could-be-even-pricier-than-its-first-501821f0?ref=biztoc.com President Biden's Chip Subsidies: https://www.reuters.com/technology/us-require-companies-winning-chipmaking-subsidies-share-excess-profits-2023-02-28/ FAA Investigation: https://apnews.com/article/boston-airport-close-call-jetblue-learjet-e25f0cdb4b9c4c7a30628ac9acee95bf Lunar Timezone: https://apnews.com/article/moon-time-zone-space-2b0124415c14755e08a58e1b5ed5362a Ordering the same meal debate: https://www.washingtonpost.com/food/2023/02/28/bidens-order-same-dish-redhen/

Two important interviews: First, Target CEO Brian Cornell discusses his company's fourth quarter results and what they indicate about consumers, the global supply chain, and the American economy. Then, Goldman Sachs CEO David Solomon speaks candidly ahead of his bank's Investor Day, acknowledging business “stumbles” and weighing in on inflation, capital for fossil fuels and for the energy transition, and global CEO sentiment. Plus, Zoom shares are zooming after reporting strong fourth quarter results, Meta's Mark Zuckerberg has announced a new internal unit focused on generative AI, and Marlboro maker Altria is making a new e-cigarette bet.  In this episode:Becky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY

On the last trading day of February, Carl Quintanilla, Jim Cramer and David Faber explored what's ahead for stocks,  with the major indices on track for their second negative month in three. Cramer highlighted "market distortions"  worthy of your attention. The anchors also discussed Target's quarterly beat, cautious guidance and CEO BrianCornell's comments to CNBC about "stubborn" inflation. On the AI front: BofA is out with its list of top AI picks --and Mark Zuckerberg announced Meta is forming a new product group focusing on generative AI.Goldman Sachs CEO David Solomon told CNBC that anyone who runs a business should prepare for a "bumpy 12 to 24 months."Also in focus: Earnings winners and losers including Zoom, Workday and Norwegian Cruise. 

With inflation in the spotlight, Carl Quintanilla, David Faber and Mike Santoli explored what to make of the January Consumer Price Index cooling year-over-year for a seventh consecutive month, the six-month Treasury bill spiking above 5% and what it all means for the markets and the Fed. The anchors reacted to Goldman Sachs CEO David Solomon's comments to a Credit Suisse forum: He described inflation as"sticky." Marriott International CEO Tony Capuano joined the program to discuss the hotel giant's quarterly results and outlookas it sees strong travel demand. Also in focus: Ford cuts 3,800 jobs in Europe as it pivots to electric vehicle production, Tesla changes prices on certain U.S. models and Palantir posts its first-ever quarterly profit.

There are renewed U.S. recession fears following weaker-than-expected retail and PPI data. Wall Street plunges into the red while the 10-year Treasury yield hits its lowest level since September. Goldman Sachs CEO David Solomon, however, tells CNBC he believes sentiment is softening and is hopeful of a softer landing both Stateside and in Europe. Several Fed officials, including James Bullard and Loretta Mester say the U.S. policy rate should top 5 per cent during a new round of hawkish commentary. We speak to new Credit Suisse CEO Ulrich Koerner who says the bank's business restructuring strategy is progressing smoothly as the lender scrambles to retain its top staff. And in crypto news, lender Genesis is set to file for bankruptcy while U.S. officials detain the founder of the Bitzlato exchange for allegedly handling more than $700m in illicit funds. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Carl Quintanilla, Jim Cramer and David Faber engaged in a wide-ranging discussion about the big story of the morning: Microsoft confirmed it plans to cut about 10,000 jobs or 5% of its workforce, joining the ranks of tech giants implementing layoffs. The company also said it is taking a $1.2 billion charge in fiscal Q2 related to severance costs and other changes. Also in focus: Wholesale inflation eases but retail sales fall in December, Nasdaq aims for an eight-session win streak, Goldman Sachs CEO David Solomon's comments to CNBC about a potential "soft landing," United jumps on earnings and guidance, Microsoft and Activision one year after their $69 billion deal was announced.

During the early days of the pandemic, Americans were receiving stimulus checks from the government, and as a result were able to save quite a bit of money. However, according to data from the Federal Reserve Bank of St. Louis, the personal savings of Americans is only $520 billion as of November 2022, marking a substantial drop from the $4.85 trillion in 2020. Savings are now below even pre-pandemic levels and with the national stockpile shrinking by $100 billion since October. Thanks to persistent inflation, sluggish economic growth and major layoffs, living paycheck to paycheck has become the norm.In this episode of The Higher Standard, Chris and Saied examine this worrying trend and what it means for the economy as we move into 2023.They discuss comments from Goldman Sachs CEO David Solomon, in his traditional end-of-year message to staff, that layoffs will happen in the first half of January.Chris and Saied look at a Washington Examiner article stating that recently unearthed emails show that disgraced FTX CEO Sam Bankman-Fried attempted to 'wine and dine' someone who, at the time, was a commissioner for the U.S. Commodity Futures Trading Commission, one of several agencies that regulate cryptocurrency.They also offer some thoughts on what might happen if the Federal Reserve hadn't pursued a policy of quantitative tightening.Join Chris and Saied for this fascinating and informative conversation.Enjoy!What You'll Learn in this Show:Why consumer credit card debt is up by nearly $40 billion.Why MarketWatch claims there's a better recession indicator than the yield curve... and why that's nonsense.Why Grant Cardone is a syndicator, not a 'crowdfunding maestro' (and why he's now in hot water.)How Sam Bankman-Fried was able to get access to a commissioner for the U.S. Commodity Futures Trading Commission.And so much more...Resources:"Americans' personal savings have plunged to a staggering $520 billion — from $4.85 trillion in 2020. Here are 3 easy ways to buck that dangerous downtrend" (article from Moneywise)"Goldman Sachs will lay off staff in a matter of weeks, says CEO David Solomon" (Bloomberg via Instagram)"Consumer Spending Is About to Get Slammed. Here's How to Prepare." (article from Barron's)"Home Prices Fell in October for Fourth Straight Month" (article from Wall Street Journal)"There's a better recession indicator than the yield curve and it is not flashing danger (yet)" (article from MarketWatch)"This crypto engineer bought an NFT for $2.9 million, expected to sell for $48 million, and was only offered a few dollars" (Entrepreneur via Instagram)"Man who paid $2.9m for NFT of Jack Dorsey's first tweet set to lose almost $2.9m" (article from the Guardian)

Public debt charges rose approx $2.3 trillion as Bank of Canada adds another half-point rate hike. - Goldman Sachs CEO David Solomon predicts "some bumpy times ahead." - 2023 economic projections for Canada and the world. - Also variables, what may and what likely will affect the economic performance of Canada, both nationally and provincially? - What can the fedgov do to support and not torpedo our national economy? Guest: Dr. Eric Kam. Professor of macroeconomics, Metropolitan University, Toronto. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bloomberg News Finance Reporter Sri Natarajan discusses Goldman Sachs CEO David Solomon striking a downbeat note about the economic outlook and saying smaller bonuses and even potential job cuts should come as no surprise. Bloomberg News Senior Editor Dimitra Kessenides and Bloomberg Contributor Robb Mandelbaum provide the details of Robb's Businessweek Magazine story Yale Professor Became Enemy of the Russian State Over a List. And we Drive to the Close with Tony Roth CIO at Wilmington Trust. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.  See omnystudio.com/listener for privacy information.

Bloomberg News Finance Reporter Sri Natarajan discusses Goldman Sachs CEO David Solomon striking a downbeat note about the economic outlook and saying smaller bonuses and even potential job cuts should come as no surprise. Bloomberg News Senior Editor Dimitra Kessenides and Bloomberg Contributor Robb Mandelbaum provide the details of Robb's Businessweek Magazine story Yale Professor Became Enemy of the Russian State Over a List. And we Drive to the Close with Tony Roth CIO at Wilmington Trust. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.  See omnystudio.com/listener for privacy information.

The Dow surged 1,200 points, with all three averages posting their best day since 2020, and Jim Cramer is taking a closer look at today's rally. Then, in a special Salute to Service edition of Mad Money, U.S. Secretary of the Navy Carlos del Toro sits down with Cramer to discuss the state of defense. Next, Cramer's taking stock of Campbell's Soup with CEO Mark Clouse and learning more how his military experience has impacted his leadership as CEO and about the company's veteran hiring programs. Plus, Cramer sits down with the Goldman Sachs CEO David Solomon.

Directionless - markets have lost all sense of trend. Volatility expands, 5% swings daily - not since the great financial crisis.. Earnings are out and we take a peek. A new Closest to The Pin announced. PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - Hysteria - moves widening - Future soar Tuesday overnight - U Turn after U Turn After We Turn - Feel Like Dizzy Bats - Gates are Giving Big $$$ for another Disease - ANNOUNCING - A New CTP Market Update - What's the point? Up one Day Down the next - Lows hit last Thursday for 2022 then massive bounce (5% intraday move) - 4% 10-year is recent top? - Economics, Mixed - Earnings - beating lowered bar - Apple News - Rotten This! - BlackRock: MO State Treasurer Scott Fitzpatrick announces MOSERS has pulled $500 million in state pension funds from BLK due to ESG initiatives  - "At the MOSERS Board of Trustees meeting in June, the board directed staff to require BlackRock to abstain from voting proxies on behalf of the plan, due to concerns with their public statements and record of prioritizing ESG initiatives over shareholder return. BlackRock refused the Board's demand to abstain from voting the plan's proxies. As a result, MOSERS proceeded with, and has now completed, the sale of all of its equity holdings with BlackRock. The funds are now primarily managed through contracts held by NISA, a St. Louis-based investment manager." ECONOMICS - NAHB Housing Market Index 38 vs. 44 Briefing.com consensus; prior 46 - September Industrial Production 0.4% vs. 0.1% Briefing.com consensus; prior revised to 0.4% from -0.2% - September Capacity Utilization 80.3% vs. 79.9% Briefing.com consensus; prior revised to 80.1% from 80.0% Goldman Says - After beating lowered earnings.... - Goldman Sachs CEO David Solomon cautioned Tuesday that the U.S. economy might be headed for a downturn that could make investing and business decisions more difficult. - “That environment heading into 2023 is one that you've got to be cautious and prepared for,” he told CNBC. - His remarks came just a few days after his counterpart at JPMorgan Chase, Jamie Dimon, also warned of looming trouble for the U.S. economy. Wow - U.K. Finance Minister Jeremy Hunt used his first Monday on the job to announce that "almost all" tax measures announced by his predecessor would be reversed. - BTW - new Finance Minister - Kwarteng ousted after his bad move.. Bank of America Earnings - Reports Q3 (Sep) earnings of $0.81 per share, $0.03 better than the S&P Capital IQ Consensus of $0.78; revenues rose 7.6% year/year to $24.5 bln vs the $23.46 bln S&P Capital IQ Consensus. - Provision for credit losses of $898 million increased $1.5 billion. Net reserve build of $378 million vs. net reserve release of $1.1 billion in Q3-21. Net charge-offs of $520 million increased 12%. Net interest income (NII)(E) up $2.7 billion, or 24%, to $13.8 billion, driven by benefits from higher interest rates, including lower premium amortization expense, and solid loan growth. - Average loan and lease balances up $114 billion, or 12%, to $1.0 trillion led by strong commercial loan growth as well as higher credit card balances. Netflix Earnings (JCD has on Game) - Big move after hours +14% - Better sub additions - much better outlook - Taking NAZ100 futures higher Someone getting Smart? - Germany plans to extend the life of three of the country's nuclear power plants to mid-April 2023, according to Bloomberg American Express September Card Metrics - Reports September U.S. Consumer Card Member loans net write-off rate of 0.8% vs 0.8% prior month (0 bps change) with consumer loans 30 days past due 0.9% vs 0.

In an extended interview, Goldman Sachs CEO David Solomon discusses the bank's planned reorganization, as well as how 2022's market volatility has affected his company's bottom line in its third quarter financial report. Solomon looks ahead to the “choppy markets” that could affect portfolios in the coming months, and considers the benefits of his bank's return-to-office policy.  Plus, UK Prime Minister Liz Truss faces national frustration with her leadership, and reportedly, President Biden's preparing to sell oil from the U.S. emergency reserve.  In this episode: David Solomon, @DavidSolomonJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinBecky Quick @BeckyQuickKatie Kramer, @Kramer_Katie

Early in his tenure the new Goldman Sachs CEO David Solomon presented a grand new vision for what the massive bank should become. How has it panned out since? And is there still time for Solomon to make the changes it needs? The FT's US banking editor Joshua Franklin examines what Solomon has and hasn't achieved in his four years at the helm. Clips from CBS - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:In era of quick-fire bosses, Wall Street embraces the ‘forever CEO'The reinvention of Goldman Sachs: what has David Solomon achieved?Goldman raises profitability target in effort to bridge valuation gap - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Joshua Franklin (@FTJFranklin) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.

Jim Cramer is at his new home base at the New York Stock Exchange, but he's still working to help investors navigate the market and manage their portfolios in an uncertain environment. Then, Goldman Sachs CEO David Solomon joins Cramer to talk about the company's earnings after reporting a top and bottom-line beat. Next, as Cramer reflects on his new start, he's taking a moment to highlight some of the best performing stocks in the S&P since Mad Money began in 2005. Plus, Cramer's exclusive with Ken Langone.

Ed Price, Senior Fellow at NYU and former British trade official, joins us in studio to talk about policy makers' response to European inflation, the ECB, and Boris Johnson. Nishita Henry, Chief Innovation Officer at Deloitte Consulting, discusses the current manufacturing and supply chain challenges businesses face and Deloitte's new Smart Factory in Wichita, Kansas. Anna Wong, Chief US Economist with Bloomberg News, discusses the latest CPI data. Sonali Basak, Wall Street reporter with Bloomberg News, joins us to discuss her conversation with Goldman Sachs CEO David Solomon about the macro environment and how Wall Street is reacting to the recent inflation data. Hosted by Paul Sweeney and Matt Miller. See omnystudio.com/listener for privacy information.

Hosts Guy Johnson and Alix Steel talk to Bloomberg's Reed Landberg about UK Inflation, Bloomberg Opinion's Andrea Felsted on the state of British consumers, and Bloomberg's John Ainger about new EU measures that range from boosting renewables and LNG imports, to lowering energy demand. Plus, the latest on NATO with Bloomberg's Rosalind Matheison, Bloomberg's Sonali Basak on her conversation with Goldman Sachs CEO David Solomon, and they hear from Evercore ISI Senior Managing Director Greg Melich on Target's stock drop.

The U.S. ten-year Treasury yield surpasses 3 per cent for the first time in fours years while stocks rally after the S&P 500 and the Nasdaq hit fresh lows for the year. The FOMC meets with expectations of a 50bps hike. Goldman Sachs CEO David Solomon says he believes the U.S. can avoid recession. Germany has said it will withstand a Russian oil embargo as the EU prepares a sixth package of sanctions against Moscow. In banking news, top HSBC stakeholder Ping An reportedly calls for the break-up of the lender while BNP Paribas beats expectations with Q1 profits surging 19 per cent. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Judge Ketanji Brown Jackson faced her second day of questions from the Senate Judiciary Committee on Wednesday during her Supreme Court confirmation hearings. Like Tuesday, there were some moments of substance in there, but many Republican senators didn't let up on a bad faith effort to drum up controversies around Judge Jackson that just don't exist. U.S. Secretary of State Antony Blinken said on Wednesday that the U.S. government formally accused Russia of committing war crimes in Ukraine. Part of the assessment was based on intelligence, but Blinken also specifically referred to attacks on civilians in Mariupol. Julia Knyupa, a Ukrainian refugee who is currently in Poland, joins us to discuss her experience fleeing the country. And in headlines: Two tornadoes devastated New Orleans and killed at least one person, the Taliban turned away thousands of Afghan girls from secondary school, and Goldman Sachs CEO David Solomon will DJ at this year's Lollapalooza festival. Follow us on Instagram – https://www.instagram.com/whataday/ For a transcript of this episode, please visit crooked.com/whataday Learn more about your ad choices. Visit podcastchoices.com/adchoices

Congress and the Federal Reserve will have more impact on what happens to the economy and markets than the pandemic, according to Goldman Sachs CEO David Solomon, who joins Squawk Box exclusively from the bank's headquarters in Manhattan. With support from both starting to fade in the days ahead, Solomon says investors should take heed and plan accordingly. He also discussed China, recent market uncertainty, cryptocurrencies, and why he thinks inflation could run ‘above trend' for a period of time. British drugmaker GlaxoSmithKline says new data from early stage studies showed its antibody-based Covid therapy was effective against all 37 identified mutations of omicron. Plus, Tesla CEO Elon Musk says “it might be better” if President Joe Biden's $1.75 trillion social spending plan, which includes incentives to buy EVs, doesn't become law. The bill has cleared the House but not the Senate. Of course, Tesla has been helped by government subsidies. In this episode:David Solomon, @DavidSolomonJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie

The British government has secured more than 13-billion dollars in new foreign investments in a bid to lure back much-needed funds after Brexit. Prime Minister Boris Johnson is looking to convince the likes of Microsoft founder Bill Gates, Goldman Sachs CEO David Solomon and JPMorgan chief Jamie Dimon to back green energy projects in the country. Johnson says it's part of efforts to transform the UK - which first industrialised the use of coal in the 19th century - into one of the most environmentally- friendly places on Earth. For more, we spoke to Bob Ward in London. He's the policy and communications director at the Grantham Research Institute on Climate Change and the Environment, at the London School of Economics. #GreenInvestments #RenewableEnergyProjects #BillGates

Welcoming Beri Meric, Founder & CEO of the IVY, at the Leading Entrepreneurs of the World Series on the topic: Unlocking Potential: How to Supercharge Your Life, Team & ImpactJoin us for a hyper-dynamic session with IVY CEO Beri Meric to learn how you can better unlock your potential to supercharge your life, team, and impact! Beri is the Founder and CEO of IVY, a global community uniting the leading minds of our time to accelerate human unity and progress. In order to advance IVY's mission, Beri has led hundreds of conversations with world-renowned CEOs, award-winning scientists, leading policy-makers, Olympic Medalists, Academy Award winners, and legendary thinkers from a wide variety of disciplines.Beri's guests have included Goldman Sachs CEO David Solomon, Academy Award-Winning actor Matthew McConaughey, New York Governor Andrew Cuomo, leading philosopher Martha Nussbaum, NBA legend Magic Johnson, Whole Foods CEO John Mackey, former UN Ambassador Samantha Power, FUBU founder Daymond John, Why Nations Fail author Daron Acemoglu, and Kickstarter co-founder Yancey Strickler amongst many others.In addition to leading IVY, Beri is the Chairman of Young Presidents' Organization Metro New York, and a Forum Leader at the Real Leaders Impact Collaborative. Beri received his MBA from Harvard Business School, and BA in Economics and International Relations from Brown University. He lives in NYC, and grew up in Istanbul, Glasgow, Providence, London and Boston. Beri also loves skiing and rugby, and has a soft-spot for French Bulldogs.Unlock Your Potential. Supercharge Your Life & Career with the Leading Minds of Our Time to Elevate Your Leadership, Performance & WellnessVisit IVY: https://www.ivy.com/To learn more about Leading Entrepreneurs of the World and to stay updated on upcoming insightful presentations and events visit our site:https://leadingentrepreneursoftheworld.com/Follow 1BusinessWorld:Website: https://1businessworld.com/LinkedIn: https://www.linkedin.com/company/1businessworldTwitter: https://twitter.com/1businessworldFacebook: https://www.facebook.com/1businessworldInstagram: https://www.instagram.com/onebusinessworld/

After a record-setting week for stocks, Carl Quintanilla, Jim Cramer and David Faber led off the show with a closer look at better-than-expected quarterly results from JPMorgan Chase and Goldman Sachs, marking the beginning of earnings season. Highlights include comparing both companies' investment banking results, Goldman's return on equity hitting double-digits and strength in asset management, and JPM CEO Jamie Dimon's comments on reserve releases and the strength of the American consumer. The anchors also discussed June CPI coming in hotter than expected, up 0.9% for the month and surging 5.4% from a year ago -- the largest jump since 2008 -- and where earnings from PepsiCo and Conagra fit into the inflation trade. Boeing under pressure after announcing plans to cut back 787 Dreamliner production due to a structural issue. Cramer asks what it's going to take for Boeing CEO David Calhoun to stop the company's "endless stream of bad news." Johnson & Johnson also in the spotlight after the FDA announced it is adding a warning to J&J's COVID-19 vaccine to warn of a very small incidence of the rare neurological disorder known as Guillain-Barre syndrome. The anchors reacted to Dr. Anthony Fauci's comments to CNBC in which he defends the vaccines that have received emergency use authorization, calling them "highly effective." Also in focus: The best ways to play the semiconductor sector now, retail and mall stocks amid rising inflation, and Cramer on how investors in AMC Entertainment should manage the stock's recent decline. The anchors also reacted to comments Goldman Sachs CEO David Solomon made on his company's earnings call: He expressed concerns about the prospect of a pandemic resurgence.

With COVID-19 vaccinations rolled out across the country, heads of companies that went remote during the pandemic are mulling back-to-the-office approaches for this summer. And although office workers stayed productive throughout the pandemic, some high profile CEOs have declared remote work an “aberration” or not fit for “those who want to hustle.” The statements— from JP Morgan Chase & Co.’s Jamie Dimon and Goldman Sachs CEO David Solomon, respectively— reveal a long-held bias against work from home that some workers thought the pandemic might quash. But not all workers want to stay fully remote. For younger employees hoping to make connections in their industry, virtual work cannot compare to the benefits of in-person. Many companies are in the early stages of fleshing out hybridized workplace models, which would promote flexibility in the workplace for both bosses and workers. Why do some employers believe that remote work shows less commitment on behalf of the workers? And what would employees like to see from their companies? We want to hear from you! Give us a call at 866-893-5722. Guest Vanessa Fuhrmans, staff reporter at the Wall Street Journal and author of the recent piece “Bosses Still Aren’t Sure Remote Workers Have ‘Hustle’”; she tweets @vjfuhrmans

The crypto market is looking bullish as Bitcoin had crossed $60,000 again, XRP pumped past $1.24 and VeChain is over $0.14. Goldman Sachs CEO David Solomon said that he expects the Bitcoin and the digital currency world will experience a “big evolution.” State Street is helping build a crypto trading platform for institutions. Billionaire investor Daniel Loeb’s “deep dive into crypto” last month led his $17.6 billion hedge fund to a familiar place: a custody deal with Coinbase. California real estate stalwart Caruso properties will now accept bitcoin for rent on all its properties. Nasdaq-listed mining company Riot Blockchain (NASDAQ: RIOT) announced Wednesday it has inked an agreement to purchase 42,000 mining machines from Bitmain Technologies, pushing the total of fully deployed Antminers machines to 81,150.

NYC-based nonprofit Robin Hood has teamed up with corporate giants like Starbucks, McKinsey, and Goldman Sachs to launch NinetytoZero, an initiative aimed at eliminating the 90% wealth gap between white and Black families in the United States. Robin Hood CEO Wes Moore underlines how corporate decisions to hire and promote Black talent and invest in Black-owned businesses can make a tangible difference in America’s wealth disparity. Goldman Sachs CEO David Solomon discusses his involvement in the initiative, acknowledging the role Wall Street plays in issues across the rest of the country. Solomon addresses junior banker burnout and equity market transparency in his first interview since the “Goldman Sachs 13” controversy and the Archegos Capital billion-dollar fiasco originally made headlines. Plus, Americans are getting back to live sports, and China’s breaking into the crypto economy.

One day after a rally which resulted in new record highs for the Dow and S&P 500, Carl Quintanilla, Jim Cramer and David Faber discussed the reopening trade amid the jump in COVID vaccinations and stronger demand for air travel: What it all means for the recovery and the markets. The anchors also reacted to what the CEO of Norwegian Cruise Line told Jim about urging the CDC to allow the company to "get back to cruising." The next chapter of the Archegos hedge fund scandal also in the spotlight: Credit Suisse taking a charge of $4.7 billion and shaking up its executive ranks in wake of the Archegos meltdown – plus Carl, Jim and David react to Goldman Sachs CEO David Solomon telling CNBC the he is pleased about the way his team handled the risk related to Archegos. On the big tech front, the anchors discussed Morgan Stanley analyst Katy Huberty raising Apple's services forecast. Also in focus: Senate Minority Leader Mitch McConnell's warning to CEOs to "Stay out of politics" as several companies criticize Georgia's new voting law.

Carl Quintanilla, David Faber and Mike Santoli led off the show with a look at what's next for stocks one day after the Dow and S&P 500 hit new record highs. Tech stocks erasing many of the gains from Thursday's rally as bond yields rise. Will the surge in yields be short-lived? The anchors also discussed the markets pricing in the acceleration of growth. How much of an economic rebound will we see as millions more become fully vaccinated? President Biden announced he is directing states to make all adults eligible to receive a COVID-19 vaccine by May 1. Carl, David and Mike also explored Tesla facing heightened competition as more companies enter the electric vehicle space. David had an exclusive interview with AT&T CEO John Stankey. They discussed the company's "Investor Day," AT&T's more than $27-billion investment in C-Band spectrum licenses and the road ahead for its HBO Max streaming service. Also in focus: This year's bank stocks rally, comments from Goldman Sachs CEO David Solomon on work-from-home versus returning to the office, a Citi Apple analyst's note on the Apple Car, plus another IPO coming to market - The CEO of residential and commercial pool manufacturer Hayward Holdings appeared on the program to discuss his company's public debut.

Goldman Sachs CEO David Solomon on Wednesday rejected the "aberration" of remote work, which has become a popular alternative to in-person offices during the coronavirus pandemic.“This is not ideal for us and it’s not a new normal,” Solomon, 59, said during a Credit Suisse Group AG conference, Bloomberg reported. “It’s an aberration that we are going to correct as quickly as possible.”The chief executive has been vocal about moving quickly towards employees returning to in-person work, according to Bloomberg, including pushing for the federal government to make changes that would allow for more companies to return to work soon. Join your host Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he takes a look at this developing topic.Support the show (https://buymeacoff.ee/seattlepodcast)

Berkshire Hathaway Chairman Warren Buffett and Goldman Sachs CEO David Solomon address the biggest challenges facing the backbone of the American economy: the thousands of small businesses struggling with no sign of federal relief. “It’s an economic war,” says America’s best-known investor, about the uneven prospects of recovery for smaller firms. Buffett urges Congress to do something - now - and start with a new Paycheck Protection Program. “Just renew the PPP and get us to the end of the tunnel.” A bipartisan group in Congress released $908 billion legislation yesterday for economic stimulus. The proposal includes about $300 billion to support small businesses, a group exceptionally hard-hit by the economic slowdown of the pandemic.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Renewable energy is not a new conversation at Goldman Sachs as they have found a way for the last 10 years to ensure corporate profitability alongside operational sustainability. From their new LEED Gold Certified World headquarters to Sustainable Finance, Cindy shares a comprehensive synopsis of how Goldman Sachs and it's leadership is being “front footed” in setting an example for social equity, diversity, and inclusivity.  Don't miss hearing John Failla have a high-level conversation with Cindy Quam about ESG and how renewable energy plays into their vision of sustainability at Goldman Sachs & Co. Cindy is the Chief of Staff and Head of the ESG, Corporate and Workplace Solutions Division at Goldman Sachs, and is passionate about integrating environmental, social, and corporate governance across all their resources, including buildings, people, and communities.  You will want to hear this episode if you are interested in... Meeting Cindy Quan, Global Head of ESG, Corporate and Workplace Solutions [2:56] Tthe “WHY” behind the ESG initiatives at Goldman Sachs? [5:38] Two Highlights from Goldman Sachs CEO's sustainable vision [7:53] The Current Renewable Energy portion of ESG at Goldman Sachs [11:12] How the US and UK energy use dominates global consumption [13:28] Goldman Sachs' diversity preferences for onsite or offsite wind/solar/PPA [15:11] How RE sustainability plays into the future for Goldman Sachs? [18:03] Changing markets and a changing climate Even before the Covid-19 pandemic, 2020 was an anchor year for achievements in organizing sustainable changes to the market landscape. In December 2019, Goldman Sachs CEO David Solomon wrote an Op-Ed for the Financial Times sharing how Goldman Sachs would begin immediately integrating sustainable financial expertise across all departments. Rather than waiting for 2025 commitments, he chose to start now.  What motivates a decision like that? It's a commitment to creating the new future that our planet and future generations need. Listen to hear how Goldman Sachs is leading the way among organizations. Can climate transition be an opportunity for growth?  During this conversation, Cindy shares how the core of ESG goes beyond corporate responsibility, but rather drives the scaling of ESG to full integration and best practices. The effective model comes down to stewardship and community — if people and resources are not managed well and appreciated, they can be lost quickly. To provide an example so other organizations can see how it works practically, she shares their targeted metrics on what this looks like within the new Corporate and Workplace Solutions Division.  Portfolio Diversity of Renewable Energy  Goldman Sachs knows a thing or two about portfolio diversity and Renewable Energy is no different. However, you have to look at an aggregate cross-section of their 224 global locations totaling over 11 million square feet of real estate to see this exemplified. Onsite installation of a solar array is not always an option, so they are willing to consider other options, like a virtual PPA. In Tokyo, Goldman Sachs successfully pioneered requesting the landlord for a non-fossil fuel RE onsite installation and since then many others in the area have followed suit. Join John and Cindy for this insightful episode to hear what Goldman Sachs is doing and continues to do, and to glean ideas that could be applied to your organization.  Resources & People Mentioned David Soloman, CEO Goldman Sachs & CO  Why Goldman Sachs is investing $750 Billion in ESGs Financial Times article on GS Sustainability (subscription required) Connect with Cindy Quan LinkedIn profile Cindy Quan, Global Chief of Staff and Head of ESG, Goldman, Sachs & Co As Global Chief of Staff and Head of ESG at Goldman, Sachs & Co, Cindy Quanoversees global sustainability and social initiatives including the green building portfolio, the firm's energy and carbon reduction strategy and the local community engagement and vendor diversity program. She was responsible for the LEED Gold Certification of the World Headquarters building at 200 West Street in Battery Park City in New York City. Cindy is currently a board member of CoreNet NY and the chair of the external relations committee. Cindy is also an active member of the U.S. Green Building Council's National Market Advisory Committee. Cindy received her executive MBA at Columbia University and London Business Schools in 2014. Prior to joining Goldman Sachs, Cindy graduated with a Bachelors of Science in Facilities Management and Policy Analysis from Cornell University. Connect With Smart Energy Decisions https://smartenergydecisions.com   Follow them on Facebook Follow them on Twitter Follow them on LinkedIn Subscribe to Smart Energy Voices Audio Production and Show notes byPODCAST FAST TRACKhttps://www.podcastfasttrack.com

Goldman Sachs CEO David Solomon has a plan to end the era of all-male, all-white corporate boards: The investment bank will refuse to take a company public unless it has at least one woman or non-white board member. The move could make a big difference with male-dominated startups, experts say

This week, we chat with Yvonne Wassenaar, CEO at Puppet, about the announcement that Goldman Sachs will no longer go public with companies that have no female or under-represented minority board members. Late last week Goldman Sachs CEO David Solomon announced that the investment firm would not underwrite IPOs by companies that have no diversity on their board of directors, and that the policy would specifically focus on women. This could be an important turning point for our industry, as it may bring about a change in how tech companies are run and advised in the future. The announcement came just after California passed a law that fines companies $100,000 for going public with all-male boards. Wassenaar draws from her experience not only as a member of the Puppet board, but also as director for a number of other boards, including Forrester Research, Anaplan, and Harvey Mudd College. We asked her about what role the new laws will play in the policies that companies and investors are taking going forward. We also asked about the challenges of increasing the diversity in large corporations. Then, later in the episode, we discuss some of the top podcasts and news posts on the site, including a discussion with Zeit founder Guillermo Rauch about distributed systems, a new serverless integration provider called TriggerMesh, SaltStack's plan to help developers minimize the amount of YAML they need to write, and why IBM turned to Humio to scale up its ELK deployments. Libby Clark, editorial and marketing director at TNS, hosted this episode, along with TNS Publisher Alex Williams and TNS Managing Editor Joab Jackson.

This week, we chat with Yvonne Wassenaar, CEO at Puppet, about the announcement that Goldman Sachs will no longer go public with companies that have no female or under-represented minority board members. Late last week Goldman Sachs CEO David Solomon announced that the investment firm would not underwrite IPOs by companies that have no diversity on their board of directors, and that the policy would specifically focus on women. This could be an important turning point for our industry, as it may bring about a change in how tech companies are run and advised in the future. The announcement came just after California passed a law that fines companies $100,000 for going public with all-male boards. Wassenaar draws from her experience not only as a member of the Puppet board, but also as director for a number of other boards, including Forrester Research, Anaplan, and Harvey Mudd College. We asked her about what role the new laws will play in the policies that companies and investors are taking going forward. We also asked about the challenges of increasing the diversity in large corporations. Then, later in the episode, we discuss some of the top podcasts and news posts on the site, including a discussion with Zeit founder Guillermo Rauch about distributed systems, a new serverless integration provider called TriggerMesh, SaltStack's plan to help developers minimize the amount of YAML they need to write, and why IBM turned to Humio to scale up its ELK deployments. Libby Clark, editorial and marketing director at TNS, hosted this episode, along with TNS Publisher Alex Williams and TNS Managing Editor Joab Jackson.

From the Simplr studios in San Francisco, this is your daily briefing.  IntroductionThis is Today in Five, for today, Friday, January 24th. Here are today’s headlines in digital disruption.Macy’s has partnered with wedding website, Zola, as the department store retailer tries to balance brick-and-mortar and e-commerce sales.First, here are the latest headlines.NYC Council Bans Cashless Retail and Food EstablishmentsThe New York City Council passed a ban on cashless retail and food establishments on Thursday, according to the council’s website. The bill prohibits businesses from refusing to accept cash and from charging customers who pay cash a higher price than cashless customers. New York City is the largest U.S. city to have approved a ban on cashless stores. Similar bans passed in Philadelphia, New Jersey, and San Francisco in 2019. Chicago and Washington D.C. are considering similar policies as well. The growing trend among local governments to ban cashless locations could slow the trajectory of the movement toward digital payments. Within the next decade, only   one in 10 transactions are expected to be made with cash.  Target Partners with Unilever and Sundial Brands on Exclusive LineUnilever and its Sundial Brands subsidiary have launched a “line of textured hair care products for Gen Z multicultural women,” exclusive to Target, the companies announced in a press release. With another exclusive label to complement its private label strategy, Target continues to demonstrate merchandising and branding savvy that places it ahead of the pack in retail. In Unilever and Sundial, Target has partners that can develop products for women of color with specialized knowledge and supply them at scale. The line also furthers the retailer’s success in beauty, an area where Target slowly but meaningfully appears to be taking share from the likes of drugstores. The company is targeting its customer well, and not just in catering to Gen Z. Its development of the new line goes beyond “purpose marketing,” to bring products to market that are in demand by a group of consumers often neglected by mainstream retailers.Goldman Sachs CEO to Require "Diverse" Boards for Companies Going PublicThe demand for diversity is taking a front seat in retail. Goldman Sachs CEO David Solomon told CNBC that starting this year, his investment bank wouldn’t help companies go public without at least one “diverse” board member. Solomon preceded his statement by saying that, over the last four years, the performance of public offerings of U.S. companies with at least one female director is “significantly better” than those without. He noted that about 60 companies in the U.S. and Europe have gone public recently with all white, male boards. In his statement, he said, “Look, we might miss some businesses, but in the long run, this I think is the best advice for companies that want to drive premium returns for their shareholders over time.”  Macy’s And Zola Team Up As The Department Store Retailer Switches Up Its StrategyMacy’s and wedding site, Zola, have launched a partnership that enables couples to register with Macy’s for gifts across the retailer’s bedding, bath, and home goods through Zola, according to a press release. Zola users can also shop for more than 2,000 Macy’s private label or exclusive products, per Zola’s statement. In a company statement, Zola noted that they developed its technology to allow Macy’s to fulfill the orders placed on the platform. Macy’s partnership with Zola comes as the retailer undergoes substantial change. The department store is has been making changes both on and offline.Back in September, the retailer announced its effort to offer same-day delivery for a limited time over the holidays. Macy’s changes come as it tries to balance e-commerce and brick-and-mortar sales. Its Zola partnership presents the retailer with a way to reach a new digital customer base, much like similar efforts at Nordstrom. Macy’s senior director of business development said in a statement, “By partnering with Zola, we’re adding another way to bring Macy’s best private and exclusive products toe very couple wishing to say I do.”  ClosingWant to stand out? Simplr can help deliver wow moments for your customers through unparalleled customer service support. Visit simplr.ai to learn more. That’s S-I-M-P-L-R.ai.  Thanks for listening to this latest episode of Today In Five. We’ll see you tomorrow.   

Bloomberg Economics Chief Economist Tom Orlik and Bloomberg News Health Reporter Michelle Cortez break down the economic and medical impact of the coronavirus. Bloomberg News Investing Reporter Annie Massa discusses index funds facing antitrust concerns. Bloomberg Businessweek Editor Joel Weber and Businessweek Economics Editor Peter Coy talk about why free trade is dead and managed trade is the future. We hear sound from Goldman Sachs CEO David Solomon on expectations of the Fed from Davos. And we Drive to the Close with Bill Stone, Chief Investment Officer at Avalon Advisors. Hosts: Carol Massar and Jason Kelly. Producer: Doni Holloway. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Bloomberg Economics Chief Economist Tom Orlik and Bloomberg News Health Reporter Michelle Cortez break down the economic and medical impact of the coronavirus. Bloomberg News Investing Reporter Annie Massa discusses index funds facing antitrust concerns. Bloomberg Businessweek Editor Joel Weber and Businessweek Economics Editor Peter Coy talk about why free trade is dead and managed trade is the future. We hear sound from Goldman Sachs CEO David Solomon on expectations of the Fed from Davos. And we Drive to the Close with Bill Stone, Chief Investment Officer at Avalon Advisors. Hosts: Carol Massar and Jason Kelly. Producer: Doni Holloway.

In these interviews from the 2019 Code Conference, Rockfeller Foundation president Raj Shah and Goldman Sachs CEO David Solomon talk with Recode's Teddy Schleifer. In the Shah interview: Rising inequality and the limits of private philanthropy; the growing scrutiny of wealthy endowments like Rockefeller; are "opportunity zones” just a tax giveaway?; what do Silicon Valley’s ultra-rich owe to people in need?; and the low percentage of billionaires who have committed to the Bill Gates and Warren Buffett's Giving Pledge. And then, in the Solomon interview: What tech can learn from finance’s own era of backlash; how Goldman Sachs changed post-financial crisis; the state of tech IPOs after Uber and Lyft; Goldman’s and Solomon's investments in Uber; the state of M&A; partnering with Apple on its upcoming credit card; the appeal of the Goldman Sachs brand to millennials; Eric Ries and the Long-Term Stock Exchange; China’s rising economic power and Trump’s tariffs; and diversity at Goldman Sachs.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Squawk Box anchors discuss the on-going political crisis in Hong Kong where the Legislative Council has postponed debate over a controversial extradition bill in the face of mass street protests. China reports slowing factory inflation, however, consumer inflation is at its highest level for 15 months with food prices rocketing. In the U.S., the Dow ends a six-day winning streak, while President Trump’s top chief economic advisor Larry Kudlow tells CNBC that the U.S. will still maintain 3 per cent growth with or without a trade deal with China. And, Goldman Sachs CEO David Solomon fires off a warning to Trump, telling this channel that investors are concerned the President is using tariffs for his broader agenda. Among a number of M&A deals making the headlines, private equity giant KKR launches a takeover bid for German media company Axel Springer.

JJ Redick sits down with Goldman Sachs CEO David Solomon to talk about his passion for New York sports (03:30), why he's stayed in finance after all these years (11:41), and his passion for music (25:27). Learn more about your ad choices. Visit podcastchoices.com/adchoices

JJ Redick sits down with Goldman Sachs CEO David Solomon to talk about his passion for New York sports (03:30), why he’s stayed in finance after all these years (11:41), and his passion for music (25:27).

Jamarlin talks to Alvin Blanco, managing editor of HipHopWired, about #MeToo, allegations against Michael Jackson, and they revisit Spotify's efforts at censorship. They also discuss the gentrification of the term "woke" and how Vanity Fair used it to describe Goldman Sachs CEO David Solomon, culture vultures in digital media, and Jay-Z's legacy. Learn more about your ad choices. Visit megaphone.fm/adchoices