25 Burst results for "Goldman Sachs Morgan Stanley"

"goldman sachs morgan stanley" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:00 min | 8 months ago

"goldman sachs morgan stanley" Discussed on Bloomberg Radio New York

"Better to talk about that than our own. Shonali Pasic Shonali. We have, among others. Wells Fargo, JP Morgan, Citigroup, Goldman, Bank of America and Morgan Stanley all reporting over the next couple of weeks. So just remind everybody what the bank earnings have been like during during the pandemic. So during the pandemic, the bank's head Put aside billions of dollars in provisions for loan losses in case those long start to go bad because people can't pay them back and many other reasons right there, not just loans tied to consumers all the time. So there were real worries among the clients of these big banks as the economy shut down, however, AH lot of Years has started. Tolo really start to subside because we've seen such massive intervention from the Federal Reserve and to some degree also the U. S government, although most of these bankers would like to see more of that money that they set aside for bad loans that I mean, do they get that back on the balance sheet? Now, how's that work? That's all we'll be watching for it are those where loans actually now converting to bad loans, Right, Anto what pace that happening? That will be one of the number one questions that we will be looking for, because right after really the next couple of weeks, you're going to see a lot of four. Barron's program start to roll off the potential for more evictions across the country. The unemployment rate is still quite elevated. So what you're seeing John is people are really starting to say Okay, wait. The banks are gonna bounce back. It can't get worse than what it was like last year. But that doesn't mean that there aren't hiccups here and there that they'll struggle through as this economy, you know, struggles to recover Now, these banks to be sure. You know some of our really banks and some of them are really kind of not banks. They do all sorts of things, including banking, and including trading, So could you break it down? Into the individual businesses how they've banned and then we'll go into what to expect in the coming quarter. It's a really important question, because when you look at the recovery here, the investment banks have been Going to the roof. They've had some of the best performances in some of their businesses on record, because when the pandemic it you had corporations all across the world. Starting Tonto Dash for cash, raising money among investors and these big investment banks. JPMorgan Goldman Sachs, Morgan Stanley Citigroup. There's some of the big biggest underwriters of a lot of that debt, Bank of America as well. So the Wall Street business, the business that serves the big corporate clients has done quite well and in the most recent quarter It's done even better, because even the business of mergers and acquisitions has also begun to bounce back in a historic way. Okay, So at this point, are there any individual standouts or it's all the same for the entire group. Some banks like you had mentioned have a bigger investment banking presence than others. For Goldman and Morgan Stanley. Investment banking is a much bigger part of their business than for the other banks with that, said. You know, we're gonna be watching to see the ones that are not investment banks, how they will be impacted by the consumer and how they'll be impacted by the interest rate environment as a zit goes on this year. Ah, lot of uncertainties around. You know what happens after Biden is inaugurated among the policies feel and state on day one the way that the banks will be regulated and how fast will be able to return capital the shareholders, So really, there is a lot of questions that are looming over these banks. Right now, though, Wall Street is pretty optimistic that it will be a better year for them. I didn't see Elizabeth Warren included in Joe Joe Biden's potential like a candidate and the banks. That would say I would argue that they fear her more than most anything that they fear because she would be a fierce regulator s O. What's gonna happen on the regulatory front? That's absolutely right. Because, you know, we know that Elizabeth Warren, for example, is not going to be the Treasury secretary. But at some point we're also potentially going to see somebody take over in the coming years from Jay Powell at the Fed, and there are other regulatory bodies like the office of the Comptroller of Currency, For example, the S E. C. All of these regulatory agencies will really start to shape how hard the Biden administration will come down on the big banks and right now. The bank are not all in the clear one of the investors saying about the big bank shares and the potential for gains in the coming year. Well, a lot of the big banks right and I spoke to the CEO of Goldman Sachs very recently and he said, the potentials of start buying back shares is something that you know he's looking forward to, and his investors are really looking forward to a swell so there are some catalyst here for the people who invest in the big banks, fax. You know, the yield curve continues to steep in that also could help the big banks. So there's really some opportunity here among these banks that were so badly being during the worst of this coded crisis. That was a fascinating interview with David someone and that you did. He was actually on Capitol Hill. The day before we saw the violence unfold on Capitol Hill. Did he address at all political turmoil or anything on that front? Well, look Incredible was he started to look past the political turmoil. We definitely have people on Wall Street who are concerned about it on the personal level, But he kept on guiding and, like many of his other peers are also guiding that you know, in days we'll have a new president right And they're really looking to the policies that that President Joe Biden and we'll start to an act, starting with The vaccine rollout and then moving forward to the economic policies and yet stance in terms of foreign relation and relationships with other countries like China that will really start to shape the big businesses that these banks overseas and no doubt will be talking to you again. Sonali Pasic. Thanks very much. We appreciate it and just ahead on Bloomberg Daybreak weekend, the covert 19 vaccine rollout in the UK John Tucker, This is.

Joe Joe Biden Goldman Sachs Bank of America Morgan Stanley Elizabeth Warren Federal Reserve Pasic Shonali John Tucker JP Morgan JPMorgan Goldman Sachs Wells Fargo Citigroup Sonali Pasic Morgan Stanley Citigroup president
"goldman sachs morgan stanley" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

08:04 min | 1 year ago

"goldman sachs morgan stanley" Discussed on Tesla Daily: Tesla News & Analysis

"Everybody Rob our here and today we were talking about downgrades. Four tests stock from Goldman Sachs and Morgan. Stanley some new features for Tesla autopilot, waiting in the wings, some news on Seoul roof as well as the Ford Electric F, one fifty does stock on the day to day did finish down three point nine percent, so a couple of days here after crossing one thousand dollars per share, never seen Tesla investors so disappointed with a nine hundred thirty five dollar close, but it is what. What it is that was on a couple downgrades today from Goldman. Sachs and Morgan Stanley likely contributing to tussles, underperformance versus the Nasdaq, which finished up one percent, neither downgrade was significant from a price target change perspective Morgan Stanley changed their target from six hundred eighty dollars to six, hundred, fifty and Golden Sachs actually increased despite the rating downgrade from nine hundred twenty five dollars per share to nine fifty I wanna spend a little bit more time on at the Morgan Stanley note, but. Down a neutral primarily on valuation concerns, saying that quote, we look to become more positive. Tesla's again if we had more confidence in the near to intermediate term, trajectory, and fundamentals or evaluation became more attractive unquote. Goldman Sachs is forecasting about four hundred twenty five thousand deliveries for Tesla in twenty twenty, which is a little bit higher than the census, which last time I saw was right around four, hundred, twenty thousand Morgan Stanley has downgraded tesla from equal weight to underweight again lower the price target from six hundred eighty dollars to sixty..

Trump blinks as trade war threatens consumers

All In with Chris Hayes

02:58 min | 2 years ago

Trump blinks as trade war threatens consumers

"More than a year president trump has lied and claimed that his tariffs on chinese goods are paid for by by china and not by americans. He's tweeted the lie on several occasions. He's repeated numerous times at his rallies. He said at a rally in cincinnati ohio not even two weeks ago l. Don't let them use the fact is china devalue their currency their pour money into their system uh they pour it in and because they do that you're not paying for. Those tariffs china's paying those tariffs. This is an argument to be had here. We might have it but today. The president blinked his u._s. Trade representative's released a statement on trump's next round of plan tariffs on chinese chinese goods saying quote it was determined that the tariffs should be delayed to december fifteen for certain articles products in this group include for example cell phones laptop laptop computers video game consoles certain toys computer monitors and certain items of footwear and clothing now why would trump trump wait to level tariffs on goods like cellphones laptops video game consoles toys computer monitors verse and shoes until the middle of december. I think we may have given it away in the graphic but let let's let the president explain himself enjoyed. Some of the harem would have an impact on your father. Live in fact that we've elected dollars from china might have an effect the christmas shopping season the reason president trump wouldn't put tariffs on those vitamin right before christmas is because americans are the ones paying a higher price and trump knows. It's not good politics to make christmas more expensive when you're running for re election but but this is just the latest in the president's ongoing trade war with china that has had a consistent intangible effect on the us economy and stockmarket in two thousand eighteen when trump first announced his tariffs stocks fell earlier this month when trump announced more tariffs stocks fell when china responded by allowing its currency to weaken u._s. Stocks folks had their worst day of the year today stocks rose following trump's announcement that he's delaying some terrorist but not enough to recover from yesterday steep drop trump's trade trade war with china has been stoking uncertainty just last month. The fed was forced to cut rates in part because of the global drag created by trump's trade war and now political reports economists that goldman sachs morgan stanley and bank of america all warned that trump's bitter trade war with china is taking a bigger bite out of economic growth than expected here with me.

Donald Trump China President Trump Cincinnati FED Ohio Goldman Sachs Representative United States Bank Of America Two Weeks
"goldman sachs morgan stanley" Discussed on C-SPAN Radio

C-SPAN Radio

12:28 min | 2 years ago

"goldman sachs morgan stanley" Discussed on C-SPAN Radio

"Following us you had a long day because the story that you posted at five o'clock this morning begins the following Wall Street is getting seriously gloomy about the economy explain what you're hearing and we're the concerned right so the story follows a number of downgrade at Goldman Sachs Morgan Stanley bank of America all suggesting that the risks of a near term recession are rising they still don't necessarily see one you know within the next year about the odds of it going up to twenty five thirty percent or more and the reason that they are changing their view that has to do with the fact that you know the economy is already slowed somewhat in twenty nineteen twenty eighteen at two percent in the second quarter estimates for lower than that in the third and fourth quarter and the biggest risk is what we talked about which is this ongoing trade war with China and its potential impact it's already impacting American farmers and able to export and there's a lot of concern that would impact consumers this latest change may reduce that risk for the moment but there's a great deal of uncertainty in the corporate America about where policy is headed in the trump White House on trade with China but also whether we got the new nafta agreement through and that means it's hard to make decisions on hiring and building new plants which means slower growth in the economy so that's what a lot of these Wall Street account they're worried about that we were already slowing and all the uncertainty could slow us even more and get us at least close to the point of recession so clearly the president and his trade negotiators were listening to what Goldman Sachs Morgan Stanley and bank of America were saying hands what we saw this morning with the announcement by the U. S. T. R. yeah I think so I mean this is not the first time that we've seen in a positive announcements about China and trade talks come after markets of really sold off and people started to get nervous they've been multiple instances in the past where you ministration intervenes to say well maybe talks will be back on the president had a good call with president China whatever it may be I think they're very sensitive to the fact that this is largely viewed as the biggest rest of the economy and when things really start to go south that they step in and say maybe will back up to the brink of this trait or and then start talking again so you know it's not a great rebound on Wall Street basically just retracing the losses from the previous day and if you look back eighteen months in markets were basically basically exactly where we were in January of twenty eighteen when all the straight stuff began so Wall Street has been all over the map but essentially got nowhere and by the way next year is an election year and you know president trump certainly wants to be running in a economy that is growing fast he still as good unemployment numbers wages to look pretty good there are fundamentals in the American economy that are still okay but it would be a big risk to him if the slowdown that Wall Street is worried about occurs because it is probably is stronger selling point that the economy remains and he made all these promises about faster growth and all the wonderful things are gonna happen and if they're not happening it makes reelection just an awful lot harder our listeners can read more at politico dot com then white chief economic correspondent thank you for being with us thanks so much for having me and one other note on American farmers already stung by the trade war now facing potentially billions of dollars in losses news from the agriculture department saying that farmers planted a bigger corn area than analysts initially estimated and peg the corn yields that also exceeded expectations that was a blow to growers were holding back supplies hoping a rally that started in may due to the delayed sewing would extend through the phone so the decline represents the potential loss according to the U. S. farm bureau of three and a half billion dollars in Hong Kong this is what it sounded like at the International Airport earlier today it comes as thousands of anti government demonstrators led a March inside the airport terminal forcing flights to be canceled for a second straight day travelers at one of the world's busiest airports were advised to check in had been suspended hundreds of flights were canceled and that they should leave the terminals as quickly as possible on Twitter the president weighing in on the situation in Hong Kong he wrote the following quote our intelligence has informed us that the Chinese government is moving troops to the border with Hong Kong he then wrote the following everyone should be calm and safe exclamation mark but the Washington examiner writes the following the deployment of Chinese military police forces just outside of Hong Kong indicates the Chinese presentation paintings movement towards crushing Hong Kong's umbrella protests any surge in protester violence will then be crushed quickly and relentlessly the key point here is that once the military is deployed Beijing will be fully committed to victory in short there will be blood the full essay by foreign policy columnist Tom Rogan available at Washington examiner dot com the president asked about the situation earlier today those comments by the president earlier today New Jersey ended twenty so the phone is Merion Smith he is the executive director of victims of communism memorial foundation will learn more about the organization just a moment but first from your standpoint just what's going on in Hong Kong well we're clearly at a crisis moment where the legitimate routes that the protesters have had since at least twenty fourteen have been exhausted and the wearing down of the pro democracy movement the forcing out of pro democracy legislator wars as reached a tipping point and the protesters have escalated to the point where they have now occupied the Hong Kong airport and based on all of the statements we have coming from the people's Republic of China and even reports of troops are massing along the PRC Hong Kong border they do intend to restore piece by military means if they deem that the Hong Kong law enforcement can no longer handle the situation so it's a it's a very tense moment do you think it would be reminiscent of what we saw in Tiananmen Square I'm not significant for two reasons first is that these these protests that we have seen since twenty fourteen do represent and certainly in the last couple of months the these represent the represent the largest protests in China since nineteen eighty nine and of course the massacre that took place in Tiananmen Square in a crackdown that took place thirty years ago throughout China it was very much on the minds of the Hong Kong people on the anniversary there was a massive vigil on June fourth in Hong Kong and that sort of with the starting point of a crescendo of stock to protests that have not stop signs and you have a group called mothers of Tiananmen who for the last thirty years have kept alive the memory of their loved ones who were killed in a massacre and you had a group form recently called the mothers of Hong Kong they very much of course see this is a common struggle against the Chinese Communist Party and for the the future the fate of of Hong Kong freedoms as you know it was twenty two years ago when Great Britain turned Hong Kong over to China the Chinese government pledging Tanami but that of course has been whittled away over the last five to ten years my question is why well at I had the privilege of being in Hong Kong in twenty fourteen and and was able to talk to you know ordinary Hong Kong people but also the the protest the young protest leaders and in their mind it just comes down to the fundamental incompatibility of the Chinese to tala tarian system and the the free society that Hong Kong has enjoyed for many many generations now and you know and invariably the free speech of Hong Kongers was used to promote democracy efforts and in on the mainland China and this was viewed as a as a threat and I heard at least a couple of pro Beijing people tell me that this was in their mind a violation of the one country two systems idea on on behalf of Hong Kongers but of course the the the basic law of Hong Kong and the declaration signed by the P. R. C. in the United Kingdom did as you say did establish the the autonomy of Hong Kong and the protection of the of its freedoms and that has been little way and recently a few months ago we we had a very abrupt statement by using king saying essentially that that was no longer workable and any comment on it by foreign powers we would be meddling in the internal affairs of the PRC I guess I'm hearing you say is that you are worried that this could turn bloody the people's Republic of China at no point has it accepted in mass protests like this to turn into something and it influenced the legal or political system and and we see that in the P. R. C. itself through surveillance and you know state security efforts they have been very successful since nineteen eighty nine and preventing any sort of mass demonstrations and they obviously have not been able to prevent that in Hong Kong as of yet but that is precisely what Hong Kong people are concerned about and what sparked this immediate crisis was this rendition all which would essentially put all of our own Kong under the legal system the judicial system Republic of China no longer protected by the basic law of Hong Kong and so in their words the words of Hong Kong protestors this is an existential fight in in some of their words it's a fight for doctor freedom we're talking with Merion Smith he is here in Washington and very briefly explain your organization what is it the victims of communism memorial foundation was authorized by unanimous act of Congress in nineteen ninety three to be an organization and we are a five oh one C. three educational human rights foundation but to be a voice reminding the American people educating young Americans especially about a hundred years of communism communist regimes in some forty countries and also memorializing the victims are from those are James some one hundred million people who who were killed since nineteen seventeen but of course a key part of our work is to support the dissidents and to make sure that Americans understand what is happening and the world's five remaining single party communist regimes and that's of course North Korea Vietnam Laos China and Cuba and on a day like today you're very much long as in a what occurred thirty years ago in Tiananmen Square and we hope that the United States will do everything in our power to prevent the P. R. C. from violently crushing us protest movement when they could simply accommodate meet with the protesters.

thirty years twenty five thirty percent twenty two years billion dollars eighteen months hundred years two percent ten years
"goldman sachs morgan stanley" Discussed on Biz Talk Radio

Biz Talk Radio

01:47 min | 2 years ago

"goldman sachs morgan stanley" Discussed on Biz Talk Radio

"This kid call the special guest and they're like literally fourteen through eight how many martyrs for okay and there's so they're gonna open for us that's all try to get to some subtle stand on the next break they'll be here than in open for us over at fantastic and but I'll give you the actual video I'm glad that we met rocky Miller rocky Miller is the CEO of a company called and you can go to bed CNN dot I and what here's a really here's a Wall Street national Goldman Sachs Morgan Stanley and the like she comes from a Wall Street background twenty years of of the capital market experience we here I have a very similar background and she saw a need in the crypto currency digital currency market and so this is a real thing it's going to be a real thing it's going to change the way we invest is going to change the way we may change because of the blockchain it may even change the way we buy homes and cars so when you have somebody with this kind of street cred I mean Wall Street cred in this space you have to listen up because the company she is is is creating here his really creating what's called best practices in an industry that doesn't really have any she grew up in Hong Kong she has worked in Sydney she's worked in Tokyo London Singapore and now she called New York City home but you know she's dying the greatest city guide to hang.

rocky Miller CEO CNN Goldman Sachs Morgan Stanley Hong Kong Sydney Tokyo London Singapore New York City twenty years
"goldman sachs morgan stanley" Discussed on Biz Talk Radio

Biz Talk Radio

01:41 min | 2 years ago

"goldman sachs morgan stanley" Discussed on Biz Talk Radio

"Through eight how many of martyrs for okay and there's so they're gonna open for us that's all try to get to some sand on the next break they'll be here than in open for us over at testicular but I'll give you the actual video I'm glad that we met rocky Miller rocky Miller is the CEO of a company called in and you can go to bid C. N. dot I and what here's a really here's a Wall Street national Goldman Sachs Morgan Stanley and the like she comes from a Wall Street back on twenty years of of the capital market experience we here I have a very similar background and she saw a need in the crypto currency digital currency market and so this is a real thing it's going to be a real thing it's going to change the way we invest is going to change the way we maintain it because of the blocks and it may even change the way we buy homes and cars so we have somebody with this kind of street cred I mean Wall Street cred in this space you have to listen up because the company she is is is creating here his really eating what's called best practices in an industry that doesn't really have any she grew up in Hong Kong she has worked in Sydney she's worked in Tokyo London Singapore and now she called New York City home but you know she's dying the greatest city guide to hang.

rocky Miller CEO Goldman Sachs Morgan Stanley Hong Kong Sydney Tokyo London Singapore New York City twenty years
"goldman sachs morgan stanley" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:56 min | 2 years ago

"goldman sachs morgan stanley" Discussed on Bloomberg Radio New York

"On Wall Street. Good morning. I'm Nathan Hager. And I'm Karen Moskow where just about three hours away from the opening of US trading. Let's get you up to date on the news. You need to know at this hour. US futures are leading losses around the world is the trade war between Washington and Beijing escalates. Chinese state media are blaming the US for a lack of progress in trade negotiation, Bloomberg daybreak Asia anchor Bryan Curtis has more from Hong Kong investors away, China's retaliation to hire you as terrorists. But so far no response. The people's daily said the US bears full responsibility because it says the US went back on its word imposed tariffs. Goldman Sachs Morgan Stanley cutting their forecasts on the Chinese currency and ASEAN Bank saying no deal between the US and China is now it's base case Kong. I'm Bryan Curtis. Bloomberg daybreak. Brian. Thank you doubt. Futures are done about three hundred points this morning. China's you want is trading near a three month low. Crude oil is rising amid more tensions in the Middle East. Saudi Arabia says two of its world tankers were attacked while sailing toward the Persian Gulf checking prices now west Texas Intermediate's up one point four percent or eighty seven cents sixty two dollars fifty four cents a barrel. While Brent the international trademark is up. One point seven percent at seventy one dollars seventy nine cents. Investors will be watching the second day of trading for Uber following its flop. We get more live from Bloomberg's John Tucker there. Here's Karen Uber losing ground again down two and a half percent of the pre market Hoover debuted at forty two dollars a share on Friday, well below the IPO price of forty five dollars. It closed at forty one fifty seven that gives it a market cap. Of just sixty nine point seven billion dollars. Investors are questioning the path to profitability movers losses last year. Total three billion dollars on an operating basis. But the company says the most important staff to look at bookings John Tucker, Bloomberg daybreak John. Thank you the bitcoin. Reserve continues this morning. The crypto currency is above seven thousand dollars trading at the highest level since September. It's a busy week for fedspeak errors fed. Vice chairman, Richard Clarita, Boston fed president Eric Rosengren and New York fan president John Williams are among those speaking at a Vince this week and in London Theresa May's government is due to resume talks on Brexit deal with the main opposition labor party this week. And right now futures are lower SNP futures are down thirty six points. Dow futures down three hundred two NASDAQ futures down one hundred twenty eight ten year treasury up thirteen thirty seconds yield two point four two percent. And the yield on the two year is at two point two one percent. Nymex crude oil again up one and a third percent. Comex gold then a quarter percent or down three dollars ten cents at twelve eighty four thirty announced and straight ahead. We have the latest world and national news. And this is Bloomberg. Thank you. Karen? It's six thirty three on Wall Street and Michael Barr has more on what's going on around the.

Bloomberg US China Bryan Curtis John Tucker Karen Moskow Nathan Hager Karen Uber Goldman Sachs Morgan Stanley Saudi Arabia Karen Persian Gulf Hong Kong Middle East John Williams Michael Barr Eric Rosengren
"goldman sachs morgan stanley" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:38 min | 2 years ago

"goldman sachs morgan stanley" Discussed on Bloomberg Radio New York

"I'm neighbor chayhitch on Caroline had nothing to pay back daybreak Europe. Let's take a look at the mall case thirty minutes into the equity trading session in the stock. Six hundred in the red now down four tenths of a percent. Looking across regional benchmarks. The Footsie-100 is flat. The CAC forty lower by four tenths of a percent. The Dax lower by five tenths of a percent footsie may and ibex in the red as well. This is interesting because in the Asian session, European futures rock she flat with a positive bias. But now the futures are moving lower as well, it seems that what was happening in the Asian session. Is that trade is was starting to express that pessimism that concern around trae through US futures the mccosh mall could opens in Europe. And actually the futures take that cue from the cash market. That's my theory. You can dispute it US futures. It was the worst week at this year for US equities lost week. Even though we close in the green on Friday S and P five hundred even if you NASDAQ and Dow futures all low by more than one percent right now concerns around the. Escalation in this. Tariff will between the US China is also translating into the ten year treasury yield which is down four basis points to forty three handle lowest since early April the ten year boondoggle, blues low about moves low of I- basis point as well, we're in negative territory and the ten year yield as down two basis points and FX you'll see the safe haven yen bid. It's the best performing g ten currency against the dollar in the session Dalian at one of nine sixty five down a quarter of a percentage point the Ozzy is underperforming under g ten no surprise given. We've seen weakness in the UN. In fact, the offshore Yuan CNA blowing through six ninety four the first time this here. You're also seeing some weakness in industrial metals markets, I'm looking at COPA on the L E on the flipside oil showing some strength in today's session WTI and Brent both high WTI trades at sixty one eight hundred five Brent at seventy one spot nineteen. Okay. So those are the mulcahy's. Let's talk about today's top stories. Chinese state media have blamed the US lack of progress in the trade talks Bloomberg's bond cut has. Mona foam, Hong Kong investors away, China's retaliation to hire you as terrorist. But so far no response all risk assets. Did trade lower the selling was not particularly aggressive. The people's daily said the US bears full responsibility. Because it says the US went back on its word and imposed tariffs. Goldman Sachs Morgan Stanley cutting their forecasts on the Chinese currency and Bank saying no deal between the US and China is now it's base case in on call I'm Brian Curtis. Bloomberg daybreak Europe. Moving on to Brexit, and the UK Prime Minister Theresa may is trying to revive Brexit negotiations with the opposition labor party. She's promising to reopen talks with the European Union. May's office says the government will explore rewriting the agreement on future customs ties, but the labor policy wounds it still wants a second referendum own at Brexit. Nissan as opposed opposing renewed efforts by alliance partner Reynaud to merge under a holding company. Such a bike has learned the talks have been ongoing since then I made an informal proposal in April Nissan rebuffed, the idea back then tomorrow, the Japanese automaker is set to report its lowest annual operating profit in a decade generally seen carmakers unto perform as an industry group in this session could be to do with the trade tensions, but Renault down eight tenths of a percent right now and sticky cool print news by has hired a law firm to investigate a secret lobbying project in France aimed at gaining support from Unsan to- pesticides. French media say Monsanto, which is now owned by. Kept secret files on politicians journalists and agricultural leaders. French prosecutors have opened an investigation now onto a Bloomberg exclusive this morning in the three years since he took over any credits. Chief executive has sold assets. And cut costs in an effort to get the Bank on a most solid footing. The how should today's biggest lender move on and grow. It's top line in bags Fossey laquelle sat down with UniCredit CEO GOP, musty take a listen. It's important for us to go on purely organic basis. That's what we do for plan. And we've been managing to that. Very well, I said that to emerge shares in your will be very difficult to put together. Varies a lot of things which need to be food cost to be conformed Qatari too much and execution risk governance needs to be appropriate to it will not be many mature say in you hop in the foreseeable future. This is domestically in cross-border. Clam cross borders. Yes. The where does does it leave the banking landscape, if you don't have much because the because of rates because of a lot of the banks don't really have a clear plan of what they will become in ten years. It's going to be tough to be a European Bank. ET's interesting to European banks and challenging rose is not very high in Europe. You mention negative interest rates which are consequence of goals is being said European banks Richard decent for futility crews to their Christophe criti- by growing slightly at the speed of your pan goes controlling the coast and transforming their activities, and then they works and managing reportedly sue. Oh, we love. This includes probably lower than what we see in the US for two nevertheless, the banking sector in Europe is very interesting. Don't speculate. And you don't speculate on rumors in general, but if you look at the European banking sector, how many banks will be left either because they've been taken over or because they, you know, have to go bust in ten years. We should nuke decision in a different way those big events when you compare the KOMO physician of the largest European banks. They are very small compared to the launcher US Bank shipping Magana so three hundred and sixty billion euro market cap and their largest your fan Bank. Maybe fifty billion. So what is important is to bigger banks in Europe because big is beautiful to support your fan confines, specifically a mid market convenience SME's, the Germany their stone SME's for their they've refund their gross. And this is what is needed. We need a stronger financial markets and system in Europe, and hopefully kits union one side and the banking union deal. There will bring it with deeper market and. The different markets will come if we manage to attract investors to provide capital to your fan vans as well as to offend market. Okay. So that was pretty laquelle speaking exclusively with inning credit CO Japan must say pushing the case full European banking champion, indeed. And with the morning sport. He is William as LA..

US Europe Bloomberg Bank China European Union European Bank WTI Caroline Nissan Brexit UN mccosh mall offshore Yuan CNA Hong Kong Monsanto Brent mulcahy Goldman Sachs Morgan Stanley
Chinese State Media Blames U.S. for Setback in Trade Talks

Bloomberg Daybreak: Europe

00:35 sec | 2 years ago

Chinese State Media Blames U.S. for Setback in Trade Talks

"State media have blamed the US for lack of progress in trade talks. Bloomberg's Bryan Curtis has moved from Hong Kong investors away, China's retaliation to hire you as terrorist. But so far no response all risk assets. Did trade lower the selling was not particularly aggressive. The people's daily said the US bears full responsibility. Because it says the US went back on its word and imposed tariffs. The White House says a new round of tariffs could come tomorrow. Goldman Sachs Morgan Stanley cutting their forecasts on the Chinese currency. And an Ed Bank saying no deal between the US and China his now it's base case in

United States Goldman Sachs Morgan Stanley Bryan Curtis China Hong Kong Bloomberg Ed Bank White House
"goldman sachs morgan stanley" Discussed on Biz Talk Radio

Biz Talk Radio

04:05 min | 2 years ago

"goldman sachs morgan stanley" Discussed on Biz Talk Radio

"Our information whether the banks governments cetera. So now, you have blockchain that can intermediate that and what that means is you don't need those central. They're not always trustworthy. That's what I said. Let's face it. I mean, so so when you say verified, I know there are there are people or machines out there, so Russ I'm gonna buy a potato from Russ and give them a dollar goes into the blockchain on a ledger. So we know it happened. Who's there to say it happened? Who's to say it didn't happen? How does that part? Because now we don't have a centralized system. We just have this infrastructure, this there who's watching the infrastructure that that's a great question. Andy mathematics or cryptology is what's used to mathematically prove that you sold tomato. He bought it from you. And it's that same tomato. And that you haven't school that tomato to somebody else at all Matt essentially, and and the way that these miners work in maybe of yours are familiar with this term. But essentially, you need someone to stall these mathematical problem, and in solving those problems, it guarantees the the transaction is not repeated and duplicated and. In order to a reward being spokes that are mining and and all right. Compensated. Right. And that's essentially crypto currencies. Because now when I go by share of stock. Rice by stock and Russia's tequila company, which is a very strong. Bye. Bye bye stock on the invite shoots an auction. So if I'm buying shares. Visit somebody who has shares selling it company get the money, but we but there's a inbetween there's a market maker. Okay. Going through a broker and so is the other guy, but there's a market maker who take something called the spread. So I'm looking at my screen today. And of course, it's not bleeding today because the markets are in the Red Sea spread that is, you know, let's say four dollars by four dollars and five cents a share or forty dollars by forty one dollars spread is taken by the marketmakers. Now, this is a better way. Let's just use the stock market, for example, because if we use the blockchain on the stock market rocky, it would be cheaper overall, and there would be less chance of fraud. Phonetic less chance of shorting naked shorting where people are selling two hundred percent of a hundred percent of isn't that really what the? One of the benefits is not just in crypto currency, but in almost all forms of business at Lutely and be technologies being adopted for things like ensuring logistics ensuring ownership this technology explode. I mean, everyone had the end, and I think a lot of people around the world. This is this the coming of the next internet. This is where all the new innovations technologies are going to be Bill and the stock market is is also financial institutions are adapting it there are things called smart contracts. What you can use to imbed all of the logic into the blockchain. So that you really don't need counterparties. You can eliminate a lot of Iraq office operational spend as well that makes overall makes markets much. The reason the reason I wanted to talk to you about this. Rocky Miller is the CEO of bitsy on bitsy dot SA dot IO will put we'll put a link to our website, and one of the reason I wanted to test. About it. Because she she she has capital market experience places, like Goldman Sachs Morgan Stanley, and such so trying to intersect finally have the different what's going on here. So now that we have the basis of it now, currently, we don't we're not in that isn't. But we could feasibly see at some point where the stock market would change. It would change the way you buy a car and who gets into that system. Those what I wanna know to Goldman Sachs can I just log on to talk about so crypto. Investing has got a ton of barriers to entry talk about that. Because that's what you guys that's what you guys help out with. Absolutely..

Russ Goldman Sachs Goldman Sachs Morgan Stanley Andy mathematics Red Sea Russia Bill Matt bitsy Rocky Miller Lutely Iraq fraud CEO four dollars two hundred percent forty one dollars hundred percent
"goldman sachs morgan stanley" Discussed on KLIF 570 AM

KLIF 570 AM

04:13 min | 2 years ago

"goldman sachs morgan stanley" Discussed on KLIF 570 AM

"Wow. Might have been the wrong track their Mark. So you get the temporary people in here. And it's like, well everything we'll start the show over again. I guess that's the voice they didn't like the first segment on the show from okay? Oh, okay. Go show them how to work the CD machine. Offered to do that years ago. Yeah. I know in any case second story, the show this week comes about in the fact that Ford I Ford admits self-driving cars ain't gonna happen. The way they'd been saying twenty twenty one they'll have them come to market. I bet they have very few. And they're going to be though city cars, I was talking about under thirty five miles an hour. Geofencing area doesn't go far because technology wasn't there. And it's not going to be there. A couple of years. The second story is Uber came out and launch their IPO in this gets me a little bit Messier. Now, remember lift already went out there. They're the competitor to sell stock to the public and in their perspectives. Lifts said, we do not make money, and there's every possibility we will never make money. Well, Uber says has to say the exact same thing. And there's a reason for that. They think they're going to raise a hundred billion dollars. Dollars in this IPO that's going to be their valuation. But there's a problem with that. If you go out there and say, we're going own the world, and you don't make money the people who you said you misled us, so you actually have to put it in the prospectus. Hey, so far, we're ten year old company that has no idea how to make money doing what we're doing. And we may never make money that way, they have no liability in all this or theoretically, you have no liability in any case. Goldman Sachs Morgan Stanley were saying that Uber was going to be worth one hundred twenty billion. It looks like it's going to be a hundred billion now, but that's still amazing for ten year old company. That's nothing but lose money. They the one thing they do say is going to happen. It's going to return billions of dollars to the people that invested in the company that got it on the market. But there are some glaring red flags number one revenue grew faster than cost, but the company still deeply in the red. There are two figures out there that Uber lost one point eight billion, which I think is what they have actually filed and said they did I saw another figure where their actual losses. If they had to accrue them like any of the company was closer to three billion last year. Then matter you'll lose one point eight billion year, the number one ride hailing internet taxi company in the world. And you lose one point eight billion. I'd say that's pretty poorly run. But that's just me in any case. We know they're in the red with no idea on how to get out of it. Number two, the promise of fully automated self driving cars, guess what? That's nothing more than a pipe dream. And that's exactly what the story said. Their market share has been shrinking. They acknowledge is I pointed out they may never make money. And they're talking about this has gotten to the point. There's so many bad companies that lose money that had been over hyped selling stock to the public now that Recode magazine went out and said is this just a repeat of the dot com meltdown of late nineties eighty four percent of the tech companies lost money before their IPO last year. At the worst days of the dot com bust. It was eighty six percent. And remember they changed the rules on selling stock to the public because of the internet company said technology moves so fast. It moves so fast. There's no way we can make money. But when everything gets caught up we will be the company making money, really because.

Uber Ford Goldman Sachs Morgan Stanley Recode magazine Geofencing ten year hundred billion dollars eighty four percent eight billion year eighty six percent
Uber unveils IPO with warning it may never make a profit

Snacks Daily

02:46 min | 2 years ago

Uber unveils IPO with warning it may never make a profit

"Our first story was getting ready to IPO, and it just made lift kind of that classic older bigger brothers. Situates rollback bring Jack back to thanksgiving. Like the small Turkey lift is smaller, it's younger. It's trying really hard to impress its parents. And then Uber comes in. And does this boom shows up with a perfect report card? So here's what happened. Thanks to a Reuters exclusive report, we know that Uber plans to file for its today at a valuation of one hundred billion dollars pick that number. And it means shares are gonna be priced in a nice little range of forty eight dollars to fifty five dollars. When it offers them on the public Martin Uber's planning to issue ten billion dollars worth of new shares. And with that money, it's going to take over the on taking over the world. Pinky. And we also know that the IPO is expected to be an early main urkel count. Let's get back to that number one hundred billion really important because when we thought about it, we we wrote it down on a whiteboard we were staring at this number looks different than we expected. Yeah. We're in a privileged position that we can complain one hundred billion isn't enough or Uber. But it's because we were anchored to one hundred twenty billion. I love that word anchored by stats what? Goldman Sachs Morgan Stanley told Uber. It was worth a few months ago. Exactly those investment banks come in. They say, hey, we want your business. We wanna help you IPO. And by the way, you look amazing total brown-nosing injure edible. You look like I dunno worth Eur one hundred twenty billion dollars over was smoothed by all that nice speak from Goldman picked one hundred twenty billion. But now after what happened with lift the past couple of weeks, the number has come down to one hundred billion, and guess what it kind of makes sense because about four times bigger than very true. Uber has global aspirations and Uber does more than just ride house bigger. My Monday night ubereats Rahman bowl can tell you all about great food delivers. So jack. What's the takeaway? For buddies over. Uber endless lift is struggling and Uber's investment bankers are notice they're not just noticing the looking at this like, you know, what we kind of want to avoid the situation in may. Yeah. So lift was am bishops as hell with their IPO. They set the price pretty high very shares rose up to eighty dollars on the first day of training. But then as of yesterday they've fallen all the way down to sixty dollars a share that is twenty five percent lower than day one. And one more thing for you lift has this whole other issue right now where Morgan Stanley the investment Bank that brought them public has apparently been helping investors sell their shares early investors want supposed to be selling and lift is not happy about it. Uber wants to avoid this whole thing by maybe being a little more conservative on the share price to prevent this fall

Martin Uber Morgan Stanley Goldman Sachs Jack Reuters Goldman Ubereats Rahman One Hundred Twenty Billion Dol One Hundred Billion Dollars Forty Eight Dollars Ten Billion Dollars Twenty Five Percent Fifty Five Dollars Eighty Dollars Sixty Dollars
"goldman sachs morgan stanley" Discussed on CNBC's Fast Money

CNBC's Fast Money

03:01 min | 2 years ago

"goldman sachs morgan stanley" Discussed on CNBC's Fast Money

"We'll tell you what it means for Uber as that sock years up to go public self, but we start off with the banks near their judgment day. The CEOs of the big banks revived me a grilling on the hill as they Europe earnings at the end of the week. JP Morgan will kick things off on Friday. It is the worst performing of the big banks. So far this year up elite percents CitiGroup. Goldman Sachs Morgan Stanley. They're all up double digits. Of course, the sector has been mostly dead money for the last year. So we'll miss quarter's earnings be the catalyst to set the financials on fire guy. Well, I think the question is. Yes, I just don't see it happening. I for the life, man. I don't understand. How all of a sudden you get this reacceleration and earnings for the banks and they're going to be off to the races. Now. I think earnings it'd be okay earnings have been fine J P Morgan Cernan, quite frankly, have been very good. But what's already priced in? When you're getting towards one point eight times price to tangible book in terms of J P Morgan I said, maybe it's just a tad ahead of itself. Yes. S up the fallen question. Why CitiBank trading effectively tangible book, why is toy shop Bank in Europe? Despite this whole Commerce Bank thing continue to go down. I still think the banking woes in Europe at a certain point manifest themselves. Here resident Bank bullet, he's got another reason guided to to really be angry with the fed. It's look it's negative interest rates that I think are killing the global central banks. It's certainly killing the European banks and for someone that's been constructive longevity. Morgan, I'm won- CitiBank. I'm long Bank of America. And I can be long with those valuations with a capital deployment approach now that I think is actually investor-friendly. With a balance sheet that's fantastic with a business model that I think is conservative and not reckless. And so, but is there going to be anything extraordinary in? This course numbers. No. And in fact, I think you're gonna see downward tick in terms of their net interest margins. You can see downward ticket sales and trading. You're gonna see a downward tick probably in mortgage origination. But nonetheless, JP Morgan continues to print record profits record profits. You brought up a good point that they're they're, you know, there's nothing special about the Bank threatening to their kind of safety type of thing. They're utilities. That's affectively. What they become as utilities, so they should trade at one times book. So if you look at the ones that aren't trading at one times book, it's J P Morgan the ones that are. It's a CitiBank CitiBank might even be a little bit below that. So that's probably why it's up more than the others are one of the leaders this year, the only thing in my view that is going to change this. If you get a steeper yield curve, and that can happen to as the economy accelerates, which it doesn't look like it's necessarily gonna do or the fed decides to steepen the yield curve by with their balance sheet. So to me, that's the bet your. Making if you're buying banks right now, here's absolutely nothing. That excites me about the banks right now. It's really really difficult for them to make money with either a flat or an inverted yield curve. We do own J P Morgan. I think JP Morgan's best to breed. There are oh we is really head and shoulders above the rest of their peers, and you get some good revenue. Diversity diversification from them in the AM revenues that they're collecting as well as the investment banking fees as well as talking to Mike mayo this morning on talk box. For the first time. He's that. He's bullish all five banks that he covers all the five major..

J P Morgan CitiBank Goldman Sachs Morgan Stanley Europe J P Morgan Cernan CitiGroup Mike mayo Commerce Bank Bank of America fed
Big US bank CEOs grilled on Capitol Hill: What does it mean for the markets?

CNBC's Fast Money

02:58 min | 2 years ago

Big US bank CEOs grilled on Capitol Hill: What does it mean for the markets?

"We start off with the banks near their judgment day. The CEOs of the big banks revived me a grilling on the hill as they Europe earnings at the end of the week. JP Morgan will kick things off on Friday. It is the worst performing of the big banks. So far this year up elite percents CitiGroup. Goldman Sachs Morgan Stanley. They're all up double digits. Of course, the sector has been mostly dead money for the last year. So we'll miss quarter's earnings be the catalyst to set the financials on fire guy. Well, I think the question is. Yes, I just don't see it happening. I for the life, man. I don't understand. How all of a sudden you get this reacceleration and earnings for the banks and they're going to be off to the races. Now. I think earnings it'd be okay earnings have been fine J P Morgan Cernan, quite frankly, have been very good. But what's already priced in? When you're getting towards one point eight times price to tangible book in terms of J P Morgan I said, maybe it's just a tad ahead of itself. Yes. S up the fallen question. Why CitiBank trading effectively tangible book, why is toy shop Bank in Europe? Despite this whole Commerce Bank thing continue to go down. I still think the banking woes in Europe at a certain point manifest themselves. Here resident Bank bullet, he's got another reason guided to to really be angry with the fed. It's look it's negative interest rates that I think are killing the global central banks. It's certainly killing the European banks and for someone that's been constructive longevity. Morgan, I'm won- CitiBank. I'm long Bank of America. And I can be long with those valuations with a capital deployment approach now that I think is actually investor-friendly. With a balance sheet that's fantastic with a business model that I think is conservative and not reckless. And so, but is there going to be anything extraordinary in? This course numbers. No. And in fact, I think you're gonna see downward tick in terms of their net interest margins. You can see downward ticket sales and trading. You're gonna see a downward tick probably in mortgage origination. But nonetheless, JP Morgan continues to print record profits record profits. You brought up a good point that they're they're, you know, there's nothing special about the Bank threatening to their kind of safety type of thing. They're utilities. That's affectively. What they become as utilities, so they should trade at one times book. So if you look at the ones that aren't trading at one times book, it's J P Morgan the ones that are. It's a CitiBank CitiBank might even be a little bit below that. So that's probably why it's up more than the others are one of the leaders this year, the only thing in my view that is going to change this. If you get a steeper yield curve, and that can happen to as the economy accelerates, which it doesn't look like it's necessarily gonna do or the fed decides to steepen the yield curve by with their balance sheet. So to me, that's the bet your. Making if you're buying banks right now, here's absolutely nothing. That excites me about the banks right now. It's really really difficult for them to make money with either a flat or an inverted yield curve. We do own J P Morgan. I think JP Morgan's best to breed. There are oh we is really head and shoulders above the rest of their peers, and you get some good revenue. Diversity diversification from them in the AM revenues that they're collecting as well as the investment banking fees as well as talking to Mike mayo this morning on talk box. For the first time. He's that. He's bullish all five banks that he covers all the five major.

J P Morgan Citibank Goldman Sachs Morgan Stanley Europe J P Morgan Cernan Citigroup Mike Mayo Commerce Bank Bank Of America FED
"goldman sachs morgan stanley" Discussed on Biz Talk Radio

Biz Talk Radio

04:03 min | 2 years ago

"goldman sachs morgan stanley" Discussed on Biz Talk Radio

"Because that gives me a good feel multiple timeframes. It's not just weeklies. I look at again, I look at multiple timeframes and the more that are aligned the better. So I look at all the time frames. I don't stare at the charts. Because for me that doesn't work for me. But I know other people that works well for them. But for me, that's not it. Just doesn't work for me. The dailies the weekly's the month as quarterlies annual those aware, I really enjoy the analysis because it allows me to figure out if it's going up if it's going down if it's going sideways the second step for the second thing I do. Is I asked myself how do I get aligned with what is actually happening in the market? In other words, I'm not looking to. Be a cowboy I'm not looking to make a massive call on a fundamental basis in the market has to align. With my thesis, and all this other kind of intellectual fun stuff that other people engaging. I'm a very simple kind of guy and my goal is to be aligned with what is actually happening in the market. And not get caught up in the noise, or why think something is going to happen. I just care about what is actually happening. And then how do I get aligned with what is actually happening in the trend? If it's an uptrend stay long as long as possible and effort to downtrend either I'm out or I'm sure it's that simple. So the first thing I always do ask myself up down or sideways. Second thing if it's going up, I'm not gonna wanna be long or short or the long because I'm not going to fight the trend you'll make any money that way. In a lot of people over the last ten years bears. Short short short and annihilated as the market just grind tire and vice versa. Bullish guys in bear markets. They just go out of business. Look at the last bear market. We had no eight how many big banks institutions being tire investment banking model failed because they fought the market, right? Think of the five biggest investment banks at the time you had Goldman Sachs, Morgan Stanley, Merrill, Lynch, Lehman Brothers and Bear Stearns bear gone. What was gobbled up Leeman gone failed? Merrill, Lynch gobbled up by Bank of America. And Bank of the two standing giants at the time were Goldman and Morgan, and they both had a changed the commercial banks and change their their structure at the time because they needed whatever. The case wasn't money in the blast. So the entire investment banking model which dominated for decades, the five largest players gone. Because they stubbornly stayed long in a bear market. They didn't respect risk. So I've learned those lessons I've studied every you know, the big failures. I don't care. What market? It is. It's all due to one thing not respecting risk. And then the second thing or a subset of that is they fight the market. Remember, it's okay to make a mistake Takeda wrong in the market. But it's not okay to stay rock, and that's a huge lesson that took me years to learn. But now it's clear as day because I work with lots of people, and they do this for a living, and I've been doing it for twenty years and an aunt, right? So it becomes second nature these these lessons. He's timeless lessons, by the way. So when you step back, and you look at markets, and you want to analyze where you are and get out of your own head so to speak. It's always important to understand your strengths understand your weaknesses and remain aligned with what is actually happening in the market. If you're in an uptrend, you have one or two positions you either long while you're out it's very tough to make money being short enough Trent. And the same is true when it down trending bear market. You either short or you out. It's very tough to make money in a downtrend being long. You couldn't be done and you can short bull markets, but it's very tough..

Goldman Morgan Stanley Bear Stearns Goldman Sachs Takeda Merrill Lynch Leeman Bank of America Trent Lehman Brothers twenty years ten years
"goldman sachs morgan stanley" Discussed on Here & Now

Here & Now

02:16 min | 2 years ago

"goldman sachs morgan stanley" Discussed on Here & Now

"The consumer if the Starbucks is across town that makes sense if it's right downstairs, I mean, that's just kind of crazy right there. But just talk about this the whole field of food. Delivery insta- cart grope hub door. Dash. How is this world being transformed? Oh, it's interesting. So the name of the game today's off premise, that's the term for the restaurants that are getting into the game of delivery mobile ordering. You know, if you have takeout with more order ahead, it's all kind of under this umbrella of off premises. And you know, what this is it's giving all of these restaurant companies specifically, the quick service restaurant companies the fast food restaurants, an opportunity to get in front of millennials and other very prized consumers, and that's what they're all focused on right now. Because suddenly, they might be hip or cool if they can be found on the app that all the millennials are using. So they're focusing a lot of their attention on that in the numbers point to the fact that seals are really going up for delivery orders and for mobile. Order ahead order, so this is proving to be incredibly lucrative for especially the fast food chains. Which is why Goldman Sachs Morgan Stanley have both valued Uber at the record breaking one hundred and twenty billion dollars in large part because they see upside to these spinoff services. Like Uber eats. Worse overhead next thing. Guber each has an advantage in that the all of the logistics behind Uber itself make ubereats kind of you know. A sure bet when it comes to the food delivery process when they have this fleet of drivers already ready to go. But one of the things about delivery right now is there are so many competitors out there, and so sort of spreads the dollars around. But yeah, I think Uber is banking on the fact that they are Uber. They have this incredible scale that they can leverage when they are getting new breeds out there. And so I think that's something that they're really going to Bank on Sam Otis editorial director of the festival trend magazine. Q r Sam thank you. Thank you, Robin, Robin in China saris for years they walk around and deliver espressos two people's offices in white gloves, by the way, that's what we need. Well, when someone could be my soda. Here in house production of NPR WBZ associated with the BBC World Service. I'm Robin young Jeremy Hobson this is here..

Sam Otis Robin Starbucks Goldman Sachs Morgan Stanley BBC World Service Jeremy Hobson NPR editorial director China twenty billion dollars
"goldman sachs morgan stanley" Discussed on The SodShow

The SodShow

03:06 min | 3 years ago

"goldman sachs morgan stanley" Discussed on The SodShow

"And I went into print saying, you know, this was you know, a little bit expensive the minute. Why aren't they this is supposed to be being a transplanted into a housing estate in poplar Canary Wharf after the after the events, but it's not gonna be much used to them in any way. Why this call them all the money? They spent on this budget is million pounds plus spent on the Chelsea flower shakes in hopes, their brand image could have been spent any put him out could have been spent on making real community gardens to these to these places. Anyway, I had I had an Email from the press Representative of them. It wasn't. So it wasn't Goldman Sachs Morgan Stanley, and he who summoned me to the garden sick this one of the boob. Members of Morgan Stanley wants to talk to me and put me straight about how it goes wrong. So I went and had a bit of a so stand up showdown with him. And he ended up kind of walking off because I just sort of said soon, we'll now it isn't really good enough. You know, you low-dose money, and you're just using this and Chris bitch was there and Kobi's sort of cynical. Well, you know, they people always called journalists cynical when they say things they don't want to hear. I mean, I I believe it cynical to ride to bandwagon on the back of community gardening. And I know so many pretty easy across London from doing the Chelsea fringe mostly we do nothing. They're gonna bandwagon on the back of that. And try to use this great words, and if you will of your Bank, so I'm not frightened author of cook actually, still to these people, and they really like it when you question them Kelly stick on our point, which is just for the second team not to be disrespectful ninety. You too Chris or anybody else in conversation, for example, what Naomi fair Cohen who designed a garden Chelsea to Toews and eighteen former guest of the show for charity charge. He dot encourages young people with HIV to speak can to open up about the issues like guess around us. I hope that's a polite way to say unless spoke with Naomi at those you have a one hundred an option to design a garden, which best shows off the garden designer heard in this case, and doesn't let herself down on the other hand, you have to keep the sponsor in this case, it was cherub, Hoppy and fulfilled air brief if you will if I take it on Chris example, is it a case that Chris fulfill the brief and did what was best for the designer. But didn't do what was best for the community did the designer get it wrong or did did designer follow? What the money basically suggested? He should do. Does that question? Make sense. Is that fair? Yes, it does. And I don't blame. Chris. I mean, I think Chris was being a designer and. Zayn? It's have to anyway, put predict full of the money. They have to do this to do with the sponsor wants today. I suppose just when Chris weighed in and called me cynical, and sort of the that's that's when I was sort of letting taking issue with the thing because I'm not I'm not actually being cynical. I'm calling out something which I think is you know disparity. I mean, there's also a problem with these these sponsors these shows which is a site feeding Coors..

Chris Goldman Sachs Morgan Stanley poplar Canary Wharf Naomi press Representative Kobi London Kelly dot Toews Cohen million pounds
"goldman sachs morgan stanley" Discussed on The SodShow

The SodShow

03:06 min | 3 years ago

"goldman sachs morgan stanley" Discussed on The SodShow

"And I went into print saying, you know, this was you know, a little bit expensive the minute. Why aren't they this is supposed to be being a transplanted into a housing estate in poplar Canary Wharf after the after the events, but it's not gonna be much used to them in any way. Why this call them all the money? They spent on this budget is million pounds plus spent on the Chelsea flower shakes in hopes, their brand image could have been spent any put him out could have been spent on making real community gardens to these to these places. Anyway, I had I had an Email from the press Representative of them. It wasn't. So it wasn't Goldman Sachs Morgan Stanley, and he who summoned me to the garden sick this one of the boob. Members of Morgan Stanley wants to talk to me and put me straight about how it goes wrong. So I went and had a bit of a so stand up showdown with him. And he ended up kind of walking off because I just sort of said soon, we'll now it isn't really good enough. You know, you low-dose money, and you're just using this and Chris bitch was there and Kobi's sort of cynical. Well, you know, they people always called journalists cynical when they say things they don't want to hear. I mean, I I believe it cynical to ride to bandwagon on the back of community gardening. And I know so many pretty easy across London from doing the Chelsea fringe mostly we do nothing. They're gonna bandwagon on the back of that. And try to use this great words, and if you will of your Bank, so I'm not frightened author of cook actually, still to these people, and they really like it when you question them Kelly stick on our point, which is just for the second team not to be disrespectful ninety. You too Chris or anybody else in conversation, for example, what Naomi fair Cohen who designed a garden Chelsea to Toews and eighteen former guest of the show for charity charge. He dot encourages young people with HIV to speak can to open up about the issues like guess around us. I hope that's a polite way to say unless spoke with Naomi at those you have a one hundred an option to design a garden, which best shows off the garden designer heard in this case, and doesn't let herself down on the other hand, you have to keep the sponsor in this case, it was cherub, Hoppy and fulfilled air brief if you will if I take it on Chris example, is it a case that Chris fulfill the brief and did what was best for the designer. But didn't do what was best for the community did the designer get it wrong or did did designer follow? What the money basically suggested? He should do. Does that question? Make sense. Is that fair? Yes, it does. And I don't blame. Chris. I mean, I think Chris was being a designer and. Zayn? It's have to anyway, put predict full of the money. They have to do this to do with the sponsor wants today. I suppose just when Chris weighed in and called me cynical, and sort of the that's that's when I was sort of letting taking issue with the thing because I'm not I'm not actually being cynical. I'm calling out something which I think is you know disparity. I mean, there's also a problem with these these sponsors these shows which is a site feeding Coors..

Chris Goldman Sachs Morgan Stanley poplar Canary Wharf Naomi press Representative Kobi London Kelly dot Toews Cohen million pounds
Looming uncertainties drag markets down again

Phil's Gang

07:02 min | 3 years ago

Looming uncertainties drag markets down again

"The NASDAQ the big tech stocks. The apple is all the big boys the small mid cap stocks. They're all down for about seven the big NASDAQ stocks are down about nine percent for the month of October the big mid cap stocks small mid cap, stocks you down seven percent. And what do we get from the experts, the experts who know everything listen to Varney your money? We're going up at the opening bell. I don't have a reason for you. But I can tell you that we've had a complete market turnarounds. We're down. On seventy eight. He doesn't know the guy gets paid like three million a year to read a q-car. He doesn't know. These are the guys you listen to every day. Listen to this dope. What the devils going on? I mean, I can't explain this down up and down. Explains down up that this guy is underwears getting up now because he owns microphone soft and Microsoft has taken a hit. He's all upset. He doesn't know why market goes up down up down. Are you kidding me any professional now's because there's uncertainty in the market as soon as there's uncertainty in the market and the big institutions that put their money in the market. They start taking on eight back out when I started taking the money out, then you have computer programs and the computer programs are running errands, and they kick it they trade the pro- programs are set up to trade, they do scalping. So you get J P Morgan. Goldman Sachs Morgan Stanley city set up their computers, and they day trade. That's right. It goes up comes down goes up their day trading. That's all they're doing right now. While no money is coming in our little money's coming in from the institutions most of the is leaving because he institution, they're smart. You know, it's over, and he doesn't know that. I know that he doesn't know that you gotta be kidding me. Guys and same thing. Well, the guys on CNBC all these guys. Pompadour hairdos in cheap suits, and they sit there and they. They're the experts. Bye bye. Bye. Bye. Bye. Bye. Bye. Then when the market corrects thirteen hundred points and the market's down ten percent fifteen percent there too. I wanted to come on. Now, we have our we now have our experts. The report you either Marcus down the same dope to told you too. Bye. Now, are the experts tell you why the market went down. But they didn't tell you. Why it went down before it went down? I think they should have told you before it went down. Like, I get on. January sixteenth is going down in Varney has no cool. Why what's going on in the smart? He's got. He's got a coup that these interest rates of two thousand eight hundred a frog you can't keep interest rates at zero for ten years and get away with it. You can't fill an economy on interest rates are Chiro when you said it a million times you and you have interest rates at zero per ten years. People aren't saving money. There's no incentive to save money. And where there's no savings. You can't fill it on Konami because an economy our country is built on entrepreneurs. Their new start up new businesses who take their existing businesses expand them. That's what builds the country. Cisco. Excuse me, Cisco oracle NHL. They all grew because they had a feeder system they worked from and what was the fears the small businesses, and when small businesses have the ingenuity small businesses, they have all the patents. And the big guys. Like Cisco goes by the small guys Cisco, I remembered the number Cisco purchased one hundred forty nine startups because they had the patterns, and when you take the savings away with that dope. Obama became president. The first thing him and his team did was cut interest on savings dumped almost nothing people stopped saving. There was no incentive and people took their money, and they put it into investments, they never should have. And he lost it because they don't know what they're doing. So that's why you got the market going up and down up and down. But what you should be is short give you an example. We know even before this. Well, this market was going up every day every day. I said we gotta be in. We gotta be short. The builders the home builder's get killed. We gotta get in early and we'll watch. So we put up we took x HP. Let's let's sell short to each year. So we put up actually HP MVP to color coded chart. There it is. And it was green. So we waited we way we waited a C weeded about thirty days and then finally turned red at forty dollars and today, it's the thirty three dollars. Now that's HP each year for the home builder's that down about sixteen percent. Now, I'm not saying every gang member got in at forty dollars, some forty some thirty eight some got into thirty six thirty five depending when they decided to pull the trigger that I give them the opportunity. My video group who were hardworking people don't have time to come. The clashes don't have time to learn don't have time to do anything. All they do is watch for my alert where says sell short exit at forty dollars and forty cents now as they're making money whether they're up sixteen percent or ten percent or five percent. They don't have to worry. They will get. First of all they have a stop in an insurance policy if the stock start at forty dollars and forty forty dollars and went down to thirty you start to go down to thirty eight the first thing he gives you put in what we tell them to do is put in a stop S T O P, it's an insurance policy. So let's say you started drop now he's up the gang members up ten percent. Well, they got they got to stop already put in an insurance policy. That that ten percent can't go back on them any more than three percent. In oak. Kick them out the most illusions three percents. So they can go to bed at night guaranteed. They got that lock in. They can't lose more than three percent of the ten percent. Anybody can buy a stock. It's getting out of the stock were you make money, and there's business is when the stock is going down you sell it short. And with today's technology. Don't even have to know what that means. With today's technology. I follow the institutions I have my own charts. Does it and then I tell my gang. Okay, short. You hit a little button says short, you have to know what it means there when I say, okay? We got our promise time to get out. You hit the buy button. If you don't know how to hit the button to sell and how to hit a button that says red, and they should take your license from you. We'll be right back

Cisco HP Varney Apple J P Morgan Goldman Sachs Morgan Stanley Microsoft Cnbc Konami Devils Barack Obama Marcus NHL President Trump MVP Ten Percent Forty Dollars
Stocks surge on Wall Street, Dow up 500

Business Beware

00:38 sec | 3 years ago

Stocks surge on Wall Street, Dow up 500

"Up last week. The Dow suffered its worst week since smart, but today the stock index had its best day since March at the closing bell. It was up almost five hundred forty eight points or two point two percent. A very positive earnings report helped make back some of the tremendous rosters from last week. Goldman Sachs Morgan Stanley and Johnson and Johnson were among the major companies that posted very strong earnings tech stocks rebound as well. Amazon and Facebook showed strong earnings which drove up the NASDAQ to around three percent, despite these advances all three major indexes remain firmly in the red for the month. Tons of

Goldman Sachs Morgan Stanley Johnson Facebook Amazon Three Percent Two Percent
"goldman sachs morgan stanley" Discussed on MAD MONEY W/ JIM CRAMER

MAD MONEY W/ JIM CRAMER

02:48 min | 3 years ago

"goldman sachs morgan stanley" Discussed on MAD MONEY W/ JIM CRAMER

"Of icon with dollar tree, Morgan Stanley, and Goldman Sachs, both reporting good dumpers. Now, when the other banks are pretty good numbers, their stock Solel Goldman and Morgan Stanley there stocks request to at least initially. Then we got one of those upon further review moments where investors realized, wait a second, we're giving away all these stocks. They're selling it incredibly low multiples. They're cheap, and that's why Morgan Stanley and Goldman Sachs stocks rebounded like crazy, taking up the entire group. Finally, here's the most amazing thing last night we got a very. Pre-announcement adobe the cloud based technology companies rapidly becoming a defacto platform for the world's digital commerce when shattered into Ryan frequent guests on the show at Dobbins very, very smart CEO gave him forecast that included twenty percent regular twenty. For this use company, the entire cloud group ignited from the gecko, staggering revenue guide totally unexpected. Which brings me to the next day, the one that starting this evening. Last night when the market was really looking ugliest sell program came in your the bell knocked off tech down. Almost a students to sell program was over Dobie pre-announced the positive last night. It was like throwing a settling minus seven oscillators fire. And the result is today's both confrontation and this evening's further fire get this. We had some terrific numbers just now remember all the obituary writers for finding there was everyone was Bishop right? It was like a coroner's inquest. Be careful. Netflix reporting incredible subscriber with thirty two percent better for international sixty two percent stronger for domestic. How good is is he like Dino might or what now that's crazy. Good. And as I said this morning, if Netflix is good, all FANG, even the lagging Facebook was kind of like we'll trade higher. They'll trade higher tomorrow. If you weeks ago, we spoke to Oscar, Munoz, he's, he told us that United continental is doing so well. He should know he's the nice orbiter spectacular numbers this evening lamb research which makes to Bill semiconductor report. I first aids now let's that was down twenty percents. Quarter, so it could be an encouraging sign for the lagging semi division. In fact, only IBM disappointed in, sadly that's become a bit of a pattern won't end tomorrow. There's about him on when the fed bears are away. The stock bulls will play including healthcare banks and most important tech. Oh, and once the end, the FANG haters are flummoxed. These apostates just don't get it. As long as the fed doesn't mandate a slowdown. You get what we had today and what I bet we could have tomorrow, and it's the cloud king and friends leading the way. I'm going to one in California one. Jim and thanks for taking my call really cures. Yeah. Really curious to get your thoughts on a relatively new. It's been around since two thousand sixteen. I p r focuses on medicine cannabis, and it has a really unique buy and lease back model focused on existing businesses. So really would love your thoughts..

Morgan Stanley Goldman Sachs Munoz Solel Goldman Netflix fed Dobbins Oscar Facebook cannabis Dino California CEO Bishop IBM Bill semiconductor Ryan Jim United continental
Goldman Sachs, Morgan Stanley Show Wall Street Charging Ahead

MAD MONEY W/ JIM CRAMER

00:21 sec | 3 years ago

Goldman Sachs, Morgan Stanley Show Wall Street Charging Ahead

"Morgan Stanley, and Goldman Sachs, both reporting good dumpers. Now, when the other banks are pretty good numbers, their stock Solel Goldman and Morgan Stanley there stocks request to at least initially. Then we got one of those upon further review moments where investors realized, wait a second, we're giving away all these stocks. They're selling it incredibly low multiples. They're cheap, and that's why Morgan Stanley and Goldman Sachs stocks

Morgan Stanley Goldman Sachs Solel Goldman
"goldman sachs morgan stanley" Discussed on CNBC's Fast Money

CNBC's Fast Money

02:54 min | 3 years ago

"goldman sachs morgan stanley" Discussed on CNBC's Fast Money

"I mean, it's and it's part of an instrument of that, but people don't see the end of it. So if you look at the stocks year to date, you would never think that this has been a US bull market right now used to be the best bellwether group. You could imagine they're down between twenty and forty percents of are the big guys. There. I basically the market is decided that there are disruptive group right that this basically long-term traditional asset managers long only as it matters, not saying the right, but I think they believe that you can only believe that though, if you think that the markets are going to go one way or the other. Right. I mean, I would imagine that an environment where you think that value stocks may take precedent over gross stocks that you know it's more time for stock. Picker funds should see a benefit as opposed to ETF. Some funds, of course, have higher fees. In theory, you should, although the fee pressure is also getting to all types of actively manage products as well. So I do think that's one of the issues the stocks are cheap. I mean, based on any historical metric in terms of how they have always traded, they used to be a premium to the market asset managers were considered kind of like owning a toll booth, you know, and it's it's not been the case anymore, so they do the market, has it wrong or something strain? Well, let's broaden out real quick today. Notwithstanding, Goldman Sachs Morgan Stanley have been trading awful now for the last well, the last year or so. Are they getting caught up in this as well? I mean, I think you could argue the market also. Thanks. They're kinda disrupted or at least not levered the way they used to be to a strong market and a strong economy. And by the way, Goldman Sachs and Morgan Stanley enlarge Puerto asset managers, right. I mean, Goldman is like to emphasize the fact that Goldman Sachs asset management's a much bigger part of the mix than it ever was. So the market's not going to give them credit for that in this environment. Mike, thank you. You're always welcome here. You don't need to be. And yourself as long as the hyperloop, the stock exchange. Mike Santoli. Well, options traders are betting on a bounce for one asset manager, Brian Scotland's joining us now for the Chicago to break it down Brian. Won't up black rock, but Blackstone. When we look at the put activity in there who is pretty huge today, trading one and a half times that at called Blackstone. What's interesting is typically it's two times amount of calls versus puts not puts being skewed the other way. So at first glance, it looks a little rough. But what we saw was seller of twenty five hundred November thirty. Three puts for forty one cents. They were selling insurance, not buying insurance. And what that basically meant is the trader was picking a level that they're willing to get long. The stock basically break even at thirty to fifty nine capturing that forty one cents and with earnings coming up here on Thursday for Blackstone. They're expecting about forty percent year over year growth. This traders basically saying if the stock drops after earnings, I'm willing to buy the stock down at that thirty three dollar level than play possibly the upside at least capture some premium. Here I love this trade. If you want exposure to private equity Blackstone. That's that area to get that private equity exposure. And I love this and this kind of growth environment that we're still seeing somewhat low interest rate environment seems like a nice play. All right. All right. Brian banks, Brian startling joining us from the Chicago more options action. You could check out the full show. That's Friday.

Goldman Sachs Morgan Stanley Blackstone Goldman Sachs Mike Santoli Brian Chicago Goldman US Brian banks Brian Scotland thirty three dollar forty percent
Goldman Sachs, Morgan Stanley and Labor Department discussed on News and Perspective with Taylor Van Cise

News and Perspective with Taylor Van Cise

00:15 sec | 3 years ago

Goldman Sachs, Morgan Stanley and Labor Department discussed on News and Perspective with Taylor Van Cise

"Boosting the market, Goldman Sachs, and Morgan Stanley said third quarter profits surged double digit percentages. Thanks to a flurry of deal making and trading separately Labor Department data showed the number of available jobs in the US outnumbering the number of jobless Americans actively

Goldman Sachs Morgan Stanley Labor Department United States
"goldman sachs morgan stanley" Discussed on MAD MONEY W/ JIM CRAMER

MAD MONEY W/ JIM CRAMER

03:05 min | 3 years ago

"goldman sachs morgan stanley" Discussed on MAD MONEY W/ JIM CRAMER

"Goldman Sachs Morgan Stanley. They report the morning and you weren't getting anywhere near the respected. Now I do expect that both to deliver really the numbers, but I've been wrong about the investment banks before. I honestly can't believe Goldman Sachs. My alma mater is the cheapest in the entire. I do hope that David Solomon, the new CEO REM replaced white blankfein sketches out of vision for how to restore growth instead. Stephen Shirley. The new CFO is polish noth- to paint a positive picture of fully expenses and rising revenue and give us some hope here. Please. This doc is hold off in the wake of its conference call for ages. Maybe the new team can break that pattern. It is one miserable stock to own coast to get results from IBM in this stock is just a few bucks above its fifty two week lows. I think the court is gonna be okay to me. IBM doesn't seem to have much downside. Does sport a four point, five percent you'll hear. I just don't know if the company's graduate embrace a faster growing strategic imperative business will produce blow out numbers, which is what this stock really needs. But this low, I don't know. I think it's probably going to be okay, no matter what we recently talked to Ostra moon. He's the CEO of United continental memory or San Francisco. And boy was he bullish? I say, we get if we get another swoon, say before Tuesday, Monday goes down. This one might be going to pick up ahead of earnings. We also hear from Netflix controversial. I told his big day, and as I love the product, the stock trades on new subscriber. Numbers, unless those numbers pick up from the west quarter, the stocks up going anywhere that said, Netflix is Dow more than eighty bucks from its highs and it was down one hundred. Yes, long-term, this might be a good buying opportunity. It's not my favorite. It's my least favorite of the thanked stocks. What else I've been telling you that the railroads maybe seeing a slowdown. This is very important to slow down cargo. Then it's something new since expo. Let us know if there's just a pause or maybe there's something bigger going on. If there is something bigger, you can expect a stock to get clock. So be careful seat x. finally, this lamb research would a tub, black stock this semiconductor capital equipment, maker warned us early on that there could be trouble in semiconductor paradise because they've seen a slowdown in orders landed and indicate when that slowdown by then unless excellency, oh, Martin answers, traces out a more positive. Second story Meena last quarter, we might get a renewed bout of selling in everything from Micron and Intel to an AMD. And yes, NVIDIA, when's. Today we hear from Abbott labs. This is one of the state is companies on earth run by the brilliant miles white. I'm expecting a very good quarter and perhaps a nice forecast boost. I think abbots the best place to be of all these stocks, believe it or not. Okay. We also find out how United rentals is doing this terrific company, but it's it's going budge tops. But at the same time I worry that we might hear about some weakness in construction that will confirm my view of a looming fed mandated slowdown, Thursday, Nucor reports this steelmaker really should be making a fortune given it the tariffs on imports steel have now kicked in. So if the numbers aren't great, I think it'll be surprising to Wall Street after the close, we get results from pay pal..

CEO Goldman Sachs Morgan Stanley Goldman Sachs IBM Netflix Ostra moon Nucor United rentals Stephen Shirley Abbott labs CFO David Solomon NVIDIA San Francisco blankfein United continental Martin Meena AMD Dow