Welcome to our exchanges at Goldman Sachs Markets Update for Friday, August 14th.

Each week we check in with leaders across the firm to get their quick take on what they're watching in markets.

I'm Jake Stewart, Global Head of Corporate Communications here at the firm.

And joining us today, we have Joe Wall from our Office of Government Affairs in Washington

and Tony Pasquarello of our Global Markets Division.

Welcome to the program, Joe and Tony.

Thank you, Robbins.

Thanks, Jake.

So we do a poll every month of our clients marquee quick poll.

But before we get into the results of that, Joe, why don't you talk about how you think investors and markets are reacting to Camilla Harris as Biden's VP pick?

Well, you know, in a lot of ways, she was the kind of the obvious pick out of the gate just in terms of not only the expectations I think, but you know, even if you look at the

prediction market, she consistently led from start to finish throughout the

vice presidential selection process. You know in a lot of ways she's a very kind of

conventional pick she adds diversity to the ticket. She represents the next generation of the Democratic

party. While you know she's only been in the Senate for you know three and a half

years she has you know a long trajectory in politics dating back to be in

the San Francisco District Attorney then of course the California attorney in the

San Francisco District Attorney, then of course the California

attorney general. So she's been viewed nationally

as a rising star in politics for quite some time.

And I think people, it seems like market participants

across the board in a lot of ways,

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