Squawk Pod Reports from Davos: Goldman Sachs’s David Solomon 01/19/24

Squawk Pod

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Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 19 January 2024

⏱️ 18 minutes

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Summary

In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are speaking with Goldman Sachs CEO David Solomon at the World Economic Forum in Davos, Switzerland. In his exclusive interview after Goldman’s fourth quarter financial report, Solomon explains the numbers and the firm’s shift to asset and wealth management. After a tumultuous 2023 for his firm and for the macroeconomic environment, Solomon says his firm is well-positioned, and he’s not expecting more rate hikes from the Fed. In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	I think we've got the firm in a position as we enter in 2024 where we have two
0:08.4	key businesses where we really are in leadership positions and have a right to win.
0:13.7	Goldman Sachs CEO David Solomon at the World Economic Forum in Switzerland, giving our
0:19.6	Squawk team the exclusive interview after his firm reported its fourth quarter.
0:25.0	Hi guys.
0:26.0	Hey, David, how are you?
0:27.0	I'm good David.
0:28.0	How you doing?
0:29.0	How he sees dealmaking and sales in the year ahead.
0:32.0	I do think you're going to see more activity.
0:34.0	And how Solomon's managing global risk for his clients.
0:38.0	I think there's a lot going on in the world that could make things bumpy
0:41.0	and so you know we watch closely and try to be good risk man.
0:44.0	And the macroeconomic environment here at home.
0:47.5	But it feels like at this point a bunch of work is done where the chance of hikes is a much
0:52.0	smaller distribution
0:53.1	than we would have thought six months ago.
0:55.4	I'm CNBC producer Cameron Costa.
0:57.6	Squakpad reports from Davos,
1:00.0	Goldman Sachs CEO David Solomon begins right now. Davos coverage continues. Our team was on the ground in the Swiss Alpine Village
1:16.8	with over 2,000 leaders in civil society, the arts, academia, and of course,
1:22.4	business.
	...

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