>> we are starting to like this? >> i don't know. -- >> people seem to blame goldman for the sins of wall street more than they blamed anything else. could this be life-threatening? >> it is life-threatening for sure. >> do you think maybe i should step down and smell the flowers little bit more? >> would you fit your tie, please? >> people would not recognize me if my tie was fixed. i will stay with it this way. >> i don't consider myself a journalist. nobody else would consider myself a journalist. i began to take on the life of being an interviewer even though i have a day job of running up -- a private equity firm. how do you define leadership? somebodyt that makes --tick? with lloyd blank and fein. , who has been the chairman and ceo of goldman sachs for 10 years and i do not think any of your predecessors in the last two decades stayed that long, is that right? lloyd: it seemed that way but it was not that long. david: you grew up in new york city and when you were growing up you did not have a lot of money. was money in a thing you were growing up, wanting to have money, wh

his cabinet? how would he govern? then, a rare in-depth interview with goldman sachs ceo, lloyd blankfein. the bank and its chief have been frequent topics on the campaign trail. i ask whether he supports hillary clinton and what did he make of her now famous speeches to goldman sachs. >> if it were me, in her position, i would have wanted to reveal. >> an important, revealing conversation. >>> also, inside the wikileaks data dump, releases are an attempt to make hillary clinton look bad but why does wikileaks want to sink her candidacy and is it clear putin is behind it all? >>> but first, here is my take. we will get to the campaign in a moment, but there is something else important going on. the battle for mosul will soon demonstrate that the key to success against isis is not that washington should have surprised it or bombed the hell out of it. around 100,000 coalition forces are involved in helping to liberate the city of mosul. backed by formidable air power. they will face up to 5,000 isis fighters at most. the struggle might be bloody but the coalition will win. the pro

the three stories you need to know about. goldman sachs will reveal earnings 30 minutes from now. and the question is, can be trading house keep up with jpmorgan who has already reported a big increase in fixed income businesses? we did get inflation numbers out of the u.k.. core inflation grew. from bothe now heard janet yellen and her vice chair, stanley fischer, both talk about running the economy hot. emphasized fischer it could go too far. i be putting the same emphasis on the policy? alix: 80 members of the s&p announcing results this week. goldman sachs is front and center this week. let's get a deeper look at how lloyd blankfein is feeling about the numbers -- the numbers don't lie. they have been positive so far. jpmorgan, up 40%. it is the second quarter of those, so what will that mean for goldman sachs? estimates coming in by up 30%. and on trading, goldman relies on that. you see investment banking is moving a bit higher but it really is all about sales and trading. 40% of their revenue over the last 2-3 years. saleshen it comes to the and trading revenue, take a look at

jim cramer at the new york stock exchange. david faber is at the goldman sachs builders and innovators conference in santa barbara, california. he's going to talk exclusively to lloyd blankfein later today. futures in a range meanwhile ahead of the final presidential debate tonight plenty of earnings, europe relatively flat, road map begins with the debate. what to expect from the candidates tonight in las vegas. morgan stanley wabeating the street. we'll look at the state of financials. and this leaked salesforce document shows acquisitions the company considered targettarget. are more big buys on the horizon? >>> first up, hillary clinton and donald trump square off in their final presidential debate tonight. clinton does lead most polls with 20 days to election day. bloomberg has her up nine ahead with men for the first time, that poll was tied in september. jim, the market hasn't adjusted as much as some of these polls have. >> no, and i think that one of the combinations here is labor, bank stocks have done well. has reaction been great? they've been okay. but if the -- if bernie

reported. goldman sacks, just to name a few. we'll turn now to former goldman sachs partner partner danielle dimartino booth. and peter kiernan. >> you have h elevated stock prices and earnings growth that doesn't seem to be measuring up. i don't know how long those two things can be out of balance. how are you going to grow your business at 15% earnings with 1% economic growth and nothing happening in europe. that's the essence of the question. gary: danielle, the fed which has created this base asset prices, stock prices, they don't seem to be indicating they are doing anything different in 2017, do they? >> doesn't seem like the. the fed is responsible for levitating the bank earnings. all the trading revenue surrounding brexit and fed speakers going in 18 different directions. that's helped drive volatility in the trading and stock markets. gary: that's an interesting point. the volatility the fed is helping create helps the banks in terms of their trading values. anthony: it helps hedge funds becauser creating more dispersion. >> brexit was the gift that keeps on giving. becaus

p.m. in boston. goldman sachs is won a bitter lawsuit. the $60 billion libyan invested authority sued the banker saying it was misled. no evidence of consistent profits on any of the deals. that uncontested profits on any of the deals. >> still ahead, the first etf to attempts to it capitalize on the surge in demand for whiskey. on this next. this is bloomberg. ♪ >> you are watching bloomberg markets. >> time for our weekly etf friday segment. let's go to julie hyman. not too early for a drink? not too early for buying a drink stock. the whiskey industry is launching this week, and that is what we are talking about. etf's is ourss senior analyst of bloomberg intelligence. they were traditionally known as -- these are stocks collectively talking about things like news collectively they have been doing fairly spectacularly. >> there is an index called the syntax. if you go back to 2008 when the financial crisis was over, it is up 325%. casinos have been huge. some of these are big drivers. that of these companies make cigarettes, alcohol and gambling have been doing very well. mo

of washington and dubai in the next hour. goldman sachs joins the party banks,ll street fourth-quarter profit. we will bring you updates. >> we will talk about the rise of low fee index investing. a trend the company started 40 years ago. they manage more than $3.8 trillion in assets. matt: the price guidance for the debut of international bonds. we will examine the demand as the kingdom looks to bridge a budget deficit following a collapse in oil prices. 30 minutes into the trading day and the head -- we had right over here to abigail doolittle. she is doing what is going on in equities. nasdaq, 9/10 of 1% being held by a lot of strength and technology. europerally and asia and , a risk on feel here. chart int the s&p 500 the last five days. bit of a roller coaster. question could be whether or not the strength represents a new pressure point or if this is just an inflection point in volatility. look at the spread, the u.s. yield curve is steepening. it could represent competition on the announcement of saudi arabia bond deal. data outgy consumer earlier. had actually been hig

earnings. with that, futures are positive. we'll get to goldman, ibm, netflix and more. europe almost uniformly green. uk cpi hits 1%, the highest in almost two years. as for our own core cpi, 2.2 is just a shade light. netflix shares soaring. reid hastings said it will double down on original content next year. >> goldman sachs beats both the top and bottom line. the shares, get this, they're up in the premarket. >> visa ceo charlie sharf resigning, saying he can no longer spend enough time in san francisco to do that job effectively. >>> netflix surging after blowing past expectations. quarterly subgrowth of $3.6 million. the company also out with better-than-expected earnings. reid hastings last night on the earnings call. >> it's time for me to apologize for the volatility again. you know, this time it's good a good direction. but i think more and more investors are able to look at the multi-year picture and they see the patterns emerging. and so then it would be less and less about our guidance. >> stocks on pace for the fifth biggest gap on earnings. i wonder if he's going to ap

firms, morgan stanley, goldman sachs just to name a few. how crucial is it to hear good news from these companies next week? we will turn to former goldman sachs partner peter keir nan and former dallas fed advisory peter booth. what's your outlook? >> for the basic challenge you have elevated stock prices and earnings growth that doesn't seem to be measuring up. i don't know how long those two things can be out of balance. you look at it, how you -- how are you going to grow your business at 15% earnings with 1% economic growth and nothing happening in europe? that's the essence of the request he. >> the stock market has leaf dated because of what the fed has done. danielle, the fed which has created this asset prices or stock prices especially they don't seem to be indicating they are going to do anything different in 2017, do they? >> it doesn't seem like it. speaking of leaf dating the fed is highly responsible for leaf dating the bank earnings, if you look into the weeds a little bit it's all the trading revenue surrounding the uncertainty with brexit and with fed speakers go in 18

trading in five years, labonte trading revenue continue to be a bright spot for goldman sachs tomorrow. scarlet: let's look at where the major indexes stand. we are still down but we have taken a like lower in the last 10 minutes or so. at what is a look going on current abigail: it has three majorabout averages. in the u.s., the dow, the nasdaq, three major averages down 3/10 of 1%. investors are treading water. this follows back-to-back weekly declines for the dow and s&p 500 and. august 4 to brexit. we take a look at the 10 year yield and today it is lower. if there could call a few years ago, he thinks rates have gone lower. we see over the two days, it has basically been a round-trip and the 10 year yield is up ever so slightly. it is worth mentioning on the , bestthe 10 year yield month since june 16. today werning movers have quite a few. has felt bank of america are trading higher. hasbro and bank of america have put up great orders. put up america has been higher early as the revenue and earnings. some strength is coming from trading revenue and something that is not stable. f

competition on the heels of goldman sachs recommending that apple start a streaming service. we shouldn't be surprised if he's concerned about that kind of rivalry from apple. we could also expect questions about pricing power. netflix says three quarters of members are paying fees an average of 10% higher than last year. hastings likely to stress the price hike is hardly hindering growth. focus more on the revenue number. >> thanks so much. want to trade netflix now. all well in netflix-ville? >> the street got totally caught off guard here, scott. on this trade. there is expectations for negative ads essentially for this quarter. they blew numbers away. 120 bucks a share, i'm not chasing it, though. i think it's a little rich here. 2017 is the year of change. we need to know that '17 guidance is what is on par. i need to hear guidance from the company before i jump in here. 120 bucks from a seller. >> who is a buyer? >> not at 120. i'll never be a buyer of stock up 120%. what i will say, they lieutenant did exactly what they need to do. this is a company that is running off a

goldman sachs. he has worked at the firm for 27 years and is based in beijing, will become a senior director. goldman sachs is set to release third quarter earnings today at 12:30 p.m. u.k. time. francine: thank you so much. let's turn back to our discussion on central banks as monetary policy seems to be reaching its limits. should governments be doing more to help boost grothse? our guest is a nonexecutive director. john, you agreed. we were talking about this piece that william hage wrote for the telegraph. we talk about it. he gos a step further. they must raise interest rates or face their doom. this is something you wholeheartedly agree with? >> i think there is a problem. i think the central banks have taken understandable measures when the economy was in crisis. if you go back to three, four, five, six years ago, the talking was about val central bankers buying time for the politicians to act. the politicians are finding it difficult to use that time. they have not acted. several bankers have needed to buy more time. this policy is beginning the benefit quantitative easing a

of the country's largest financial firms, morgan stanley, goldman sachs, american express just to name a few. how crucial is it to hear good news from these companies next week? we will turn now to former goldman sachs partner peter kiernan and former dallas fed advisory danielle booth. peter, let's start with you. what's your outlook not only for next he can week but the economy in general? >> the basic challenge we have right now is you have elevated stock prices and earnings growth that just doesn't seem to be measuring up. i don't know how long those two things can be out of balance. >> so, you know, you look at it, how you -- how are you going to grow your business at 15% earnings? with 1% economic growth and nothing happening in europe. to me that's the essence of the request he. >> but the stock market has levitated because of what the fed has done. danielle, the fed which has really created this base of asset prices, stock prices, especially, they don't seem to be indicating that they are going to do anything different in 2017, do they? >> it doesn't seem like it. speaking

. transcripts appear to show the democratic nominee generally avoided direct goldman sachs. goldman sachs is one of the largest investment banking companies in the world. mrs. clinton made three paid speeches to goldman sachs between the time she left the state department in 2013 and when she announced her presidential campaign last year. republican donald trump is taking heat for comments he made this weekend about clinton. while speaking to a crowd in new hampshire yesterday, the presidential nominee suggested his opponent may have used performance-enhancing drugs before d cause i don't know what's going on with her, but at the beginning of her last debate, she was all pumped up at the beginning and at the end it was like, uh, take me down. " trump questioned clinton's strength and stamina after she was diagnosed with pneumonia earlier this year. candidates for state and congressional seats will make final fundraising pushes johnson county democrats is hosting its annual fall barbecue and fundraiser tonight. senate candidate patty judge and 2nd district congressman dave loebsack are sch

, goldman sachs writing, despite leadership change, investor concerns about political and regulatory overhangs will likely persist. and with that in mind, the focus turns to earnings tomorrow. we done just hear from wells fargo tomorrow. also from jpmorgan and sitti grou citi group, where there's likely to be questions on the fallout from this sector as a whole on the cross-selling scandal. >> wilfred frost, thank you very much. thanks for the interview. >>> house financial services committee congressman david schweiker and former chairman of that committee, barney frank. congressman, thanks for joining us today. congressman schweiker, do you trust sloan to clean this up? >> i think the magnifying glass they'll be under, it's going to get cleaned up, but it also demonstrates doing something dumb in both the regulatory, political risks that sort of come with that means you have to watch your own book of business. >> congressman frank, when elizabeth warren equates it to taking money out of the till, out of branch, do you see that equivalence? >> i don't know what she said and i would

. >>> also due out this morning blackrock, johnson & johnson, goldman sachs. johnson & johnson cfo will join us at the bottom of the hour first on cnbc. no relation that i know of. at 7:00 a.m. eastern time blackrock chairman larry fink will join us. parade of top executives doesn't stop there. we'll bring you exclusive interviews with the ceos of eli lily, united airlines and hasbro. >> caruso is -- >> my father. >> cabrera is my mother. >> why do you do that >> latins do that. >> i got a couple of different. on the economic agenda key inflation data due at 8:30 a.m. eastern we get the latest consumer price index numbers and that should give us some clarity on the fed's next rate hike if there ever is one. checking the markets u.s. equity futures were sort of piggybacking off of europe this morning and up 84. got nowhere. we'll see. looks like a pretty friendly session this morning. i don't think netflix is hurting with nasdaq up nearly 40 points. here's what's happening in europe. most up 1.5%. in asia, shanghai 3080 at one point. good move there too. that's not hurting. oil appa

through the week in washington. here is taylor riggs. taylor: goldman sachs sounding the alarm on chinese real estate. they say the property market is at risk of overbuilding. they warned that any downturn ,ould lead to problems especially for metals. cutting prices. black rockside shareprice will lower prices on stock and bonds. they are anticipating a new u.s. rule that will lead to passive funds. with thee has come up cheapest virtual reality headset on the market. it costs just $79, below the price of others. the new headset will offer a broader range of virtual reality services. it lets users watch virtual reality media with a smart phone. that is your bloomberg business flash. francine: the eu is appealing to to meet several outstanding conditions by next week. we're back with stephen king and klaus regling. was setup to provide financial assistance to struggling countries, and they played a crucial role with greece. it may kick it off with how much hasress you think the esm done in the short term debt relief to greece. overall, we have been in existence for five years. we h

billion-dollar deal gone wrong. we will tell you how goldman sachs took libya for 1.3 billion dollars. the tight rope fed chair janet yellen forced to walk and what might be chinese hackers' next target? ♪ carol: welcome back to "bloomberg businessweek." i am carol massar. you can find us on radio on a.m. 1200 in boston, 99.1 fm in washington, d.c. in the global economic section, the challenges that fed chair janet yellen faces from the central bank and donald trump. you write about the presidential debates and something specifically that donald trump said about janet yellen. >> that she is political. carol: janet yellen? >> he is trying to pin that word on her like he did "lying" to ted cruz. or "low energy" on jeb bush. you know, trying to make that stick. carol: is the fed a political organization, it is not the first time somebody has said that. >> what you mean when you say it is a political organization? they are not explicitly political. like the democratic party, the republican party, even the president. they do not take into account, they do not try to get some candidate to

a look at who is raising the alarm. why goldman sachs is concerned about money, which is flowing out of china. we have the market open in hong kong as well as in shanghai. this is bloomberg. ♪ rishaad: this is bloomberg markets. singapore's monetary authority ordering falcon private bank to cease operations in the city after resting its local manager. also finding dvs and ubs for anti-money laundering. the actions follow investigations. shery: samsung had its busy -- biggest intraday fall in a month. more leading carriers drop the device. their baby -- there may be a new defect in the phone. balance was trade the equivalent of $2.3 billion. shery: markets across asia are rebounding from two days of losses. david is monitoring the market opening of shanghai and hong kong. david: most markets were open yesterday, three major ones and those three which were shut yesterday are all up and running. india is closing up shop today. we are getting a decent tailwind out of wall street. you are seeing oil come off as well a little bit. that may be playing in, it is very complex. risk appetite

to $4 billion. goldman sachs pulled out. from a wonderful call gentleman who's been with me for 25 years. he said you made me a rich man, please do not retire. do not send me back the money. we are not retiring or sending back the money. we are working very hard to deliver the returns they deserve. i consider it job one right now to deliver the returns to the investors. hoopla, ourl this credit fund is up 14% this year. , ourspite all this hoopla credit fund is up 14% this year. my job number two is to convince the jury of my peers that we've done nothing wrong. i would be shocked if we don't win. had $7 billion under management and because of this lawsuit, it has dropped to $4 billion? leon: yes. almost all of which was given back to investors. the institutional investors hide behind fiduciaries. they are not prepared to say ready, aim, fire. instead, they are fire, aim, ready. we have a high regard for goldman sachs, i grew up with the firm. for the 20 years i managed their money, i delivered at a competitive fee and yet, they withdrew. the individual investor, whether or major l

the way, the inventory data from the u.s. has caused the halt. you have goldman sachs singh $55 are enough records will come back in. stockpiles below 500 billion barrels, for the first time since january.looks as if there are a lot of notes sing when you get the $50 you will see a knockout level. anna: 55 is the number for them. we have msci asian-pacific up by half of a percent. ingles, he hasid the first word news. good morning, david good morning, deutsche bank has been indicted for colluding with the italian lender. dozens of others, according to the audit commission by the german regulator that was seen by bloomberg. the frankfurt-based lender adjusted the italian game back in 2013, in addition, changing them from loans that have been kept off the books to derivatives. the lenders say there is no connection between these trays and the case of the italians. plan issachs retirement pulling $300 billion from the frim omega advisors. meanwhile, yesterday, according to those familiar with the situation. omega has been accused of insider trading, which he denies. it was the second t

year, i believe, at goldman sachs in new york. so you have this extraordinary internship, this tremendous opportunity, but you're also still dealing with the issue that you don't have documents, you're going to have to go through background checks, et cetera, and you get a job offer from them. you have the opportunity to be in a really extraordinary mentorship program. i want you to talk to people in this audience about what that was like, being in new york, being at a top flight firm like goldman sachs and for me, it was in many ways captured by this story that has to do with never eating the shrimp. don't ever eat the shrimp, as a way of illustrating what that culture was like and what that work was like. tell that story and use it as an illustration of helping people to understand what that life coming into goldman sachs was like. >> guest: yeah, it's-- working at goldman and having that opportunity, as you mentioned, of interning for goldman for the summer was an opportunity and stark world that i grew up in and finance and pinnacle of wall street. you were here to work and

appalling. steve: are you surprised the moderator, lester holt, did you expect e-mails, goldman sachs in benghazi to come up in future rounds? how do you think that will -- hilary: i am sure they will. he objectively lost every opportunity to push on her. i don't think goldman sachs that he can attack her for her wealth, i don't think so. [laughter] e-mails, i thought her answer was great. it was short and sweet. he did not hit much beyond that. i think whatever problems, and i would be cure on alex's view, and i can't believe this guys helping trump. i love him so much. close friends for a long time. steve: do you remain friends? alex: we will see about another few weeks. hilary: with donald trump there are 1000 things to go at. with hillary there is sort of one. alex: i have a longer list. hilary: we had one issue with e-mails playing over a thousand times. we have a thousand issues playing once. imagine the -- steve: let me get alex a chance to talk about the targets of hillary. you wrote a great line. i want to ask a you square all this. we're all friends. you wrote, if you're angry

was indicating that was the case. matt: michelle, thank you, we appreciate it. coming up, goldman sachs is set to pull $300 million from omega advisors after the u.s. charge of the founder of that fund with insider trading. we have the latest on that. this is bloomberg. ♪ matt: you are watching "bloomberg markets." i'm matt miller. scarlet: i'm scarlet fu. said to behs is cutting ties with the famous former employee for the second time this year. the retirement plan is pulling $300 million from leon cooper's omega advisors. dakin campbell is here with more. say leon cooper was a former alumni, he was there for a number of years, and they have a long-standing relationship. at 25 yearsere before he started his hedge fund in 1991. was ae left goldman, he partner, head of their asset management business, so he was one of the most senior people at the firm. matt: i'm assuming that leon cooperman's reaction is i'm not guilty and you are leaving to judgment. right.tly from goldman standpoint, their retirement fund taxes a fiduciary for the employees who have their money in there. so it

-- she got caught in a total lie. her papers went out to all her friends at the bank, goldman sachs and everybody else. and she said things wikileaks that just came out. and she lied. now she's blaming the lie on the

posted online, including notes on clinton's private speeches to goldman sachs and other wall street firms. we will speak to the intercept's lee fang about what he has uncovered in the leaked emails. then to an unprecedented act of civil disobedience. >> climate justice, to ensure a future for human civilization we must immediately halt the extraction and burning of tar sands. for safety, i'm calling to inform you that when i hang up the phone, we're closing the valves. amy: five climate activists shut down all tar sands oil coming into the united states by manually turning off the pipelines in minnesota, montana, north dakota, and washington state. we will get the latest. plus, we will go to phoenix. federal prosecutors have announced they are charging maricopa county sheriff joe arpaio for criminal contempt-of-court over his refusal to end unconstitutional immigration patrols in arizona. and we will speak to former u.s. diplomat colonel ann wright who was detained and arrested by week for being on board a flotilla bound for gaza carrying food, medicine and , other humanitarian aid.

for the lender says there is no connection between these trades and the italian bank. goldman sachs retirement plan is pulling $300 million from omega advisors. according to a person with knowledge. cooperman has been accused of insider trading which eased denied -- which he denies. it is the second time this year that goldman sachs has cut ties with a former employee. the u.k. chancellor will meet with wall street executives today. he will tell representatives from banks he wants a brexit deal that secures good access to european market -- european markets. the trip comes from amount to concerns that leaving the eu could prompt banks to move jobs out of the u.k. you can watch our interview with philip hammond later today on bloomberg. norway is adding to record spending of its oil revenue next year as the government withdraws cash from sovereign wealth funds. the government is boosting its touctural oil budget deficit 225 point 6 billion krone next year, equal to 3% of the funds according to budget documents. hurricane matthew is heading for the u.s. south east where it is expected

should take a drug test.>> wikileaks release transcripts of paid speeches to goldman sachs. the clinton campaign has not confirmed the authenticity of the transcript. jennifer griffin has the latest. >> reporter: wikileaks uploads it's 80s round of emails. this latest batch includes transcripts from three paid speeches clinton made to goldman sachs back in 2013.>> hillary speaks in secret to goldman sachs and then lies to the public with her public position.>> reporter: in one speech about dodd-frank, the wall street reform bill passed by the obama in the straight and: clinton tells goldman sachs executives who mostly opposed dodd-frank that she supports it for political reasons, saying, there was a lot of complain about dodd- frank but there was a need to do something because for political reasons if you are an elected member of congress and people are losing jobs and shutting businesses and everybody the press is a it's all the fault of wall street, you can't sit idly by and do nothing. what you do is really important. clinton campaign has responded by saying that the hacking is mo

pollack and there are so many must reads. cover storytional is about goldman sachs and their involvement with libya. ellen: once sanctions were lifted from libya, they decided they wanted to invest. they wanted their sovereign wealth fund to be able to invest and they hired goldman sachs. the story looks at how goldman tried to court them, all kinds of entertainment, many visits, and there was a young salesman who was cultivating them. carol: he was really young. ellen: really young, and spending much of his time in libya working with them. they sold them on some investments that were extremely complicated. they were derivatives. they were really hard to understand for the layman. the fund did not really necessarily have the expertise, or at least that is what they are alleging because this is in court. it looked like they were very sophisticated but they now claim they were not. the end result is they lost $1 billion. carol: and they were not happy at all. ellen: they were not happy. inre are these great themes the story where they are basically chasing the goldman people out of the cit

break. >>> coming up, fixed income heaven for goldman sachs, what was an impressive performance for lender's fic business. we'll be back in a couple minutes. guess what guys, i switched to sprint. sprint? i'm hearing good things about the network. all the networks are great now. we're talking within a 1% difference in reliability of each other. and, sprint saves you 50% on most current national carrier rates. save money on your phone bill, invest it in your small business. wouldn't you love more customers? i would definitely love some new customers. sprint will help you add customers and cut your costs. switch your business to sprint and save 50% on most current verizon, at&t and t-mobile rates. don't let a 1% difference cost you twice as much. whoooo! for people with hearing loss, visit sprintrelay.com. . >>> hi everybody. welcome back. you're still watching "street signs" on cnbc. good news, chinese gdp rose by 6.7% in the third quarter in line with most analysts had been anticipating. the growth rate within the government's target range of 6.5% and 7%. the fixed asset reading was

total lie. her papers went out to all her friends at the bank, goldman sachs and everybody else. and she said things wikileaks that just came out. and she lied. now she's blaming the lie on the late great abraham lincoln that's one that i haven't -- okay, honest abe. never lied, that's the guide thing. that's the big difference between abraham lincoln and you. that's a big, big difference we're talking about, some difference. as far as other elements of what you were saying, i don't know putin. i think it would be great if we got along with russia because we could fight isis together as an example. but i don't know putin, but i notice any time anything wrong happens they like to say, the russians -- here is the russians doing the hacking, maybe there

company has chosen morgan stanley and goldman sachs to lead the ipo. this, according to people familiar with the matter. the recently rebranded snap has a private market value of $2 billion, making it the largest social media ipo since twitter in 2013. november joining me now is our helped break, who this story for us. perhaps it is not surprising goldman and morgan would be part of this offering. the two top investment banks. what we know so far and what are the details you have been able to uncover? alex: morgan stanley is the lead with goldman: leading -- goldman co-leading. if you notice this is a lot of , the banks that helped extend this credit line in recent months to snapchat as well so , perhaps a bit of a pay to play there. snapchat has filled its suite of underwriters and we have reported that they are prepping ipo documents, looking to go public as soon as next march. really some momentum here in terms of an actual offering. we thought it might have been further off than anyone of us expected. exactly. facebook didn't go public for eight years. uber and airbnb are still fund