Stay updated with breaking news from Of goldman sachs. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
remains top of mind. we've heard warnings from experts and business leaders saying the worst is yet to come but a major wall street bank is now seeing things a little bit better. in a report this week goldman sachs writes our most out of consensus forecast for 2023 is our call that the u.s. will avoid a recession and continue towards a soft landing. i guarantee you this is welcome news to the administration. our cnn business reporter joins us now. i remember sitting down with david solomon, the ceo of goldman sachs who was bearish. but now they see something better? >> it is so nice to be here with positive news for a change after a pretty crazy year. here we have the most powerful bank on wall street, goldman sachs. their economics department coming out and taking a stand against this gloom and doom we've been hearing. we know the economy has a problem, high inflation, it's
but, you know, because you mentioned so many candidates in the race, they're looking for -- people are looking for ways to narrow down the list of people that they're considering. >> kathy, thank you. thank you mark murray. good to have you professor as well. let's get to breaking news. right now bottom your screen stocks surging after that announcement that some, some new tariffs planned for china. those tariffs are being delayed until at least december. stephanie ruhle joins me now. she covers business for us as well as hosting 16 shows here on msnbc. which tariffs are delayed? why the delay? >> okay. so the president likes to say he's mr. market, he also calls himself the tariff man. today, mr. market won out because the president is sort of in a box. yesterday the market was down 400 points. over the last week we have heard from the ceo of goldman sachs, the analysts at morgan stanley, at bank america warning that the trade war will tip us into
is that it was really don because jared kushner was networking, doing all sorts of things that cause an outcry. when we learned about it a year later. when the logs were reopened. he was meeting with the ceo of of goldman sachs, an investor in a company that jared kushner had a stake in and cofunded with his brother and had not divested from and not even disclosed initially. it was wrapped up in something else. called bfps. >> his father has a new opinion piece out tonight where he defends his family business and he writes about his son jared kushner. he says in consultation with the office of government ethics, he diverted from more than 80 partnerships at a substantial financial sacrifice. his service to the country has brought scrutiny of the company.
you have and ad that targets a global order, hurting our economy, harkening back to how hitler describes the jews and global earn prizes hurting germany in the run-up to the third reich. steve mnuchin is jewish, i'm not saying it's right, but that his anti-populist message is not in keeping with someone who's a senior executive of goldman sachs in that position, his jewishness not that much of a factor. saying that the populist message for trump was not consistent with putting in goldman sachs people. >> and another goldman sachs executive, president of goldman sachs, held of his national economic council at the white house. abby what, if anything, surprised you? >> in keeping with what david mentioned, a team of rivals emerging at the trump camp is something we're going to encounter a lot. he seems to like establishing
>> gary kone ceo of goldman sachs, i got from sources that he will be the director of the national economic council and assistant to the president for economic policy. jeb sines currently has this position. gary has the expertise. you're going to imf meetings. the guy who has mark carney on speed dial. the issue for people is man, this trump team starting to look like goldman. on the transition team, anthony scaramucci and few years out from the financial crisis. >> all of these guys, big finance guys. multimillionaires, billionaires. >> goldman sachs because so many
wall street but at press-elect tap add second generation wall street mogul for the all-important job the treasury secretary, steve mnuchin, third treasury secretary since the clinton years to come from goldman sachs. my panel cannot wait to weigh in on this. you look at these announcements, jake, what do you think of, is this donald trump bringing in those in his philosophy on business to try to create jobs? >> he talked about draining the swamp. i think he meant draining the swamp in new york. >> a different swamp. >> and not only is it mnuchin as treasury, we reported this afternoon gary cohn, president of goldman sachs, might be director of onb. loading his administration brazenly because he campaigned directly against this with insiders, not to speak of their
secretary of the treasury to come from the private sector. you had paul o'neill and john snow in the bush administration. you had two top executives from goldman sachs over the years, hank paulsen under george bush and paul rubin under president clinton. he wasn't the ceo of goldman sachs so it's not the profile you would ordinarily expect, but i don't think it's an unprecedented move based on previous administrations. >> the carrier deal, we're calling this a victory tour. donald trump sort of going back out on the road. is this donald's way of fulfilling campaign promises and getting -- trying to bring the country together? we know he didn't win the popular vote but what do these rallies do besides pump donald up? they wrap people in a u.s. flag with go u.s.a. >> stephanie, he put points on the board. not a lot of points. what he's really saying here is these aren't just jobs with carrier, these are trump jobs and you know trump jobs are more special like trump steaks.
"des moines register" poll, he would not make the cut for the standard s standards of the debate, and martin o'malley hit the republicans and hillary as well. >> recently the ceo of goldman sachs let the employees know that he'd be just fine with either bush or clinton. i bet he would. so joining me now is caitlyn dawson former gop chair, and now looking at the home state chair now lindsey graham do you believe he is going to make the top ten cutoff? >> well, what you are seeing is the senator is getting n and now the governors coming in governor walker and governor christie and governor perry, and governor jindal, and that is going to be the first cutoff mark and people raising money, and senator graham has an opportunity to fund a race, but
that's part of the social contract that is the very basis of our government. you do have to given up some of your liberties. and in times of war, we've always given up much more. abraham lincoln suspended habeas corpus to win the civil war. >> and i think the compromise that we offered last year that came out unanimously out of the judiciary committee, i think that would have been a good alternative. and i think that that would have made sure that it would have been here for a long time to come. >> so on the democratic side martin o'malley announced that he was running for president this weekend, as well. why don't we take a look at what he had to say. >> we need to prosecute cheats we need to reinstate glass-steagall. and if a bank is too big to pail without wrecking our nation's economy, then we need to break it up before it breaks us again. recently the ceo of goldman
it's a year off or something. >> another candidate facing long odds joined the race this weekend weekend, martin o'malley formally declared on saturday morning in baltimore, the city he once served as mayor. in an uphill fight against hillary clinton, o'malley had tough words for wall street. >> we need to prosecute cheat, we need to reinstate glass-steagall. and if a bank is too big to fail without wrecking our nation's economy, then we need to break it up before it breaks us again. recently the ceo of goldman sachs let his employees know that he'd be just fine with either bush or clinton. i bet he would. well, i've got news for the bullies of wall street. the presidency is not a crown to be passed back and forth by you between two royal families.