Goldman Sachs CEO: A Good Chance of a Recession 10/18/22

In an extended interview, Goldman Sachs CEO David Solomon discusses the bank’s planned reorganization, as well as how 2022’s market volatility has affected his company’s bottom line in its third quarter financial report. Solomon looks ahead to the “choppy markets” that could affect portfolios in the coming months, and considers the benefits of his bank’s return-to-office policy.  Plus, UK Prime Minister Liz Truss faces national frustration with her leadership, and reportedly, President Biden’s preparing to sell oil from the U.S. emergency reserve. 

 

In this episode: 

David Solomon, @DavidSolomon

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Becky Quick @BeckyQuick

Katie Kramer, @Kramer_Katie