Countdown to Goldman’s Investor Day and Buffett’s Defense of Buybacks 2/27/23

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 27 February 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shares of Goldman Sachs have been lagging rival Morgan Stanley this year, but with the investment giant holding its first investor day in 3 years tomorrow, could CEO David Solomon say something that could rev shares back up? Plus Warren Buffett sounding off against critics Fast Money Disclaimer

Transcript

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0:00.0	That's your show Morgan, right now in fast money.
0:03.6	Goldwinds consumer collapse, why it's pushing to retail banking and fintech failed, and
0:07.5	what impact it could have on CEO David Sullivan's future, plus a buyback battle royale, Warren
0:12.5	Buffett firing back calling credits critics.
0:14.7	Either economic illiterates or silver tongue demagogues is the oracle right or way off
0:20.2	the mark later.
0:21.7	Tesla's electric action ahead of this week's investor day, the role retail traders and
0:25.2	options are playing during this recent run.
0:27.8	And the AI frenzy gets a new friend, snap launching an AI chatbot.
0:32.1	Is this a bandwagon bet or a real use case for artificial intelligence?
0:35.6	I'm Melissa Lee.
0:36.6	This is fast money reliving the Nasak market site on the desk tonight.
0:39.4	Tim Seymour, Bono and Ison, Guy Dami, and Mike Coe, and we start off tonight with
0:43.3	the countdown to Goldman Sachs' first investor day in three years.
0:47.3	It takes place tomorrow and CEO David Sullivan is on the hot seat.
0:50.9	What is his plan for growth as question swirl over the collapse of the company's consumer
0:55.2	finance business?
0:56.2	Our Hugh Sun put out a report today detailing that many of Solomon's own decisions led to
1:01.3	the ultimate failure of the investment giants Marcus Arm shares a Goldman rose half a
1:05.3	percent today and are up more than 6 percent this year lagging chief competitor Goldman
1:09.5	Stanley, Morgan Stanley.
1:11.3	Excuse me.
	...

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