Market Viewpoints - Gary Cohn on China, Commodities and Tech IPOs

Goldman Sachs Exchanges

Goldman Sachs

Business

4.4 • 1K Ratings

🗓️ 9 February 2016

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Gary Cohn, president and chief operating officer of Goldman Sachs, shares his perspective on the state of global markets -- including China's economic slowdown, volatile oil prices and the evolution of Silicon Valley. This podcast was recorded on February 3, 2016. This podcast should not be copied, distributed, published or reproduced, in whole or in part. The information contained in this podcast is not financial research nor a product of Goldman Sachs Global Investment Research. Neither Goldman Sachs nor any of its affiliates makes any representation or warranty, as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed. The views expressed in this podcast are not necessarily those of Goldman Sachs, and Goldman Sachs is not providing any financial, economic, legal, accounting or tax advice or recommendations in this podcast. In addition, the receipt of this podcast by any listener is not to be taken as constituting the giving of investment advice by Goldman Sachs to that listener, nor to constitute such person a client of any Goldman Sachs entity. Copyright 2016 Goldman Sachs. All rights reserved.

Transcript

Click on a timestamp to play from that location

0:00.0	This is exchanges at Goldman Sachs where people from our firm share their insights on developments
0:13.1	currently shaping markets.
0:14.7	Industries in the global economy, I'm Jake Seward, global head of corporate communications
0:18.0	here at the firm.
0:19.0	Today, we're very fortunate to be joined by Gary Cohn, President and Chief Operating Officer of Goldman Sachs.
0:24.4	Gary, welcome to the program.
0:25.4	Jake, thank you so much for having.
0:27.4	So Gary, the story in the markets this year at the start has been the surge in volatility.
0:31.9	You were in Davos at the World Economic Forum,
0:34.2	a lot of talk about the volatility markets.
0:36.6	What was top of mind for the clients you spoke to?
0:38.9	What are their biggest concerns as we start 2016?
0:42.2	Overall, there were four major concerns in Davos this year. Number
0:46.2	one China, what was going in in China, China economic growth. Number two, commodities, what's going on with commodity prices,
0:56.1	oil market in particular. Have we seen the bottom, what is the oil market telling
1:02.0	us? Is the oil market telling us, is the oil market predicting a global recession?
1:07.1	I vehemently argue that the oil market is not predicting a recession.
1:11.6	Number three was basically U.S. interest rates or U.S. monetary policy.
1:16.4	What is the Fed going to do? What is the Fed doing?
1:20.1	How much divergence will we see? Exactly.
1:22.8	Are we in a tightening cycle in the United States?
1:25.6	The Fed at the time of Davos, a couple weeks ago,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Goldman Sachs, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Goldman Sachs and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.