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Goldman Sachs Cutting About 125 MDs; JPMorgan Cuts 40 Dealmakers

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Wall Street firms are slashing more jobs. Goldman Sachs Group Inc. has started cutting managing directors across the globe, according to people familiar with the matter. And JPMorgan Chase & Co. is cutting about 40 investment bankers in North America. Vonnie Quinn reports on Bloomberg Television.
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11 Comments

11 Comments

  1. @williamwallace6508

    January 8, 2024 at 6:56 pm

    "MDs" what a joke.

  2. @stephanienguyen6992

    January 8, 2024 at 6:56 pm

    Employees are doing more work on the daily tasks. We don't need high level of MD, SVP, VP, Directors, Senior Managers, Managers. Big Banks and Private Banks – can SAVE Billions / Millions Dollars, do basic math, charts, schedules. These peoples are going for lunch 3 to 5 hours = Check the Downtown Bars, Restaurants, etc… ????

  3. @suleimanpeshawari1032

    January 8, 2024 at 6:56 pm

    That’s 525m – 750n of savings

  4. @t23001

    January 8, 2024 at 6:56 pm

    Current problems impacting deal flow: Runaway U.S. government spending causing higher interest rates, the FTC’s crusade against mergers, new SEC regulations on SPACs (much needed), and flight to quality in the venture capital market.

  5. @YAHVISIONRowles

    January 8, 2024 at 6:56 pm

    Wow, this does not look good for the economy🤓😎

  6. @praveenspike

    January 8, 2024 at 6:56 pm

    Its a depression, compare the original data of the 30's.

  7. @erikperik1000

    January 8, 2024 at 6:56 pm

    chatGPT gets a lot of work done

  8. @waynehornberger9825

    January 8, 2024 at 6:56 pm

    Wealth of the wicked is layed up for me they shall gather it up but I shall put it on he that by usery and Unjust gain increaset his substance he shall gather it up for me because I pity the poor they work for me

  9. @juniorjr5328

    January 8, 2024 at 6:56 pm

    125 MDs… wow

  10. @dangood2287

    January 8, 2024 at 6:56 pm

    News released over weekend. Smart

  11. @manonamission2000

    January 8, 2024 at 6:56 pm

    average salary of an MD may explain it

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Uber, Wayve Unleash Supervised Robotaxis in London

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Uber now lets you book a robotaxi in London — but you’ll still be joined by a human in the front seat.

Olivia Solon explains why.
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Bond Selloff Sends Yields to 2008 High; Hormuz Attacks Escalate | Bloomberg Brief 09/01/2026

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US equity futures and global bonds fall as higher oil prices fuel inflation concerns and bets that central banks will raise interest rates in September. Two oil supertankers were struck by projectiles while attempting to exit the Strait of Hormuz. US Army Secretary Dan Driscoll resigns after clashing with Defense Secretary Hegseth. Anthropic agrees to a $35 billion computing deal with Lambda, a cloud provider backed by Nvidia. Wei Li of BlackRock discusses the risks and income opportunities within the fixed income market.

Chapters:
00:00:00 – Bloomberg Brief Begins
00:00:44 – Global Market Check: Global Bond Selloff & Asian Markets
00:02:38 – European Markets & Rising Yields
00:03:46 – US Treasury Yields, Oil & Market Outlook
00:05:04 – First Look Movers
00:06:01 – Trump, Iran & Strait of Hormuz Tensions
00:10:00 – Global Bond Yields & Fed Rate Hike Outlook
00:15:23 – US Plan for Venezuela’s Oil Reserves
00:17:46 – Anthropic’s $35 Billion AI Capacity Deal, Chinese AI Companies & Monetization
00:20:28 – Front Page News
00:23:38 – Wei Li, BlackRock Global Chief Investment Strategist, on Rising Global Yields, What’s Driving the Bond Market Selloff, & Fed Policy, & September FOMC
00:33:26 – Trending on the Terminal
00:34:44 – Trump on Iran & US Munitions
00:35:06 – Pentagon Resignations & Iran War, US-Venezuela Oil Deal, & Medicare Drug Prices & Midterm Politics
00:39:32 – Anthropic, Lambda & AI Infrastructure, Shein IPO & Market Reaction
00:42:17 – What to Watch
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The Ugly Truth About the Debt Crisis

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US public debt just crossed $40 trillion, but the country is hardly the only one facing fiscal troubles. Nations around the world took on record debt during Covid, and many have struggled to bring spending back under control. Chrystia Freeland, who faced this problem herself as Canada’s Finance Minister, speaks with former Dutch Finance Minister Sigrid Kaag and former German Finance Minister Christian Lindner about why fiscal discipline is so politically difficult and what the rest of the world can learn before markets force the issue.
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Blowout Jobs Report Jolts Markets | Open Interest 9/4/2026

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Get a jump start on the US trading day with Isabelle Lee and Michael Mckee on “Bloomberg Open Interest.” Stocks fall and yields jump after a blowout jobs report. White House economic adviser Chris Phelan joins us on the labor market, inflation and rates. Plus, Anthropic moves closer to a mega IPO, OpenAI unveils its latest model, Morgan Stanley cracks down on research shared on X, and Aptera’s Co-CEO joins us on why he’s betting on China to build its solar EV.

Chapters:
00:00:00 – Open Interest
00:01:18 – Jobs Beat, Labor Market Strength, AI Construction Boom & Fed Implications
00:03:44 – Markets Reprice Fed Hikes, CPI Countdown & Warsh Era Volatility
00:06:58 – Trump, Midterms, Gas Prices & White House Messaging Challenges  
00:13:30 – High Interest | Norway Fund Cuts Treasuries, PIMCO Trims Mag 7 & Lululemon Cuts Guidance
00:14:34 – Lululemon’s Turnaround Crisis, Product Problems & CEO Challenge
00:19:30 – Greg Boutle BNP Paribas | Jobs Report, Fed Outlook, Equity Positioning & Election Risks
00:31:08 – Top Calls | Lululemon Downgrades, SiriusXM Upgrade & Zscaler Mixed Reviews
00:34:09 – GPT-6 Launch, AI Safety, OpenAI’s Future & AI Regulation
00:38:35 – Chris Phelan | White House Response to Jobs Report, Fed Policy & Inflation Debate
00:50:37 – Why a September Rate Hike Is Back on the Table
01:02:08 – Morgan Stanley’s X Crackdown, Research Copyright & Wall Street Pushback
01:04:33 – Amy Wu Silverman RBC Capital | Jobs Growth Fuels Fed-Hikes
01:08:18 – Steve Fambro Aptera Motors | Aptera’s Solar EV Launch, China Supply Chain & EV Economics
01:11:12 – Steve Fambro Aptera Motors | Aptera’s Solar EV Launch, China Supply Chain & EV Economics
01:16:11 – Volkswagen’s 50,000 Job Cuts, Germany’s Auto Crisis & EV Competition
01:22:39 – GPT-6, Cybersecurity, AI Safety & OpenAI’s Competitive Edge
01:24:27 – Anthropic IPO, OpenAI Rivalry & AI’s Wealth Creation Moment
01:29:19 – Trump’s Midterm Convention, Ken Paxton & Republican Election Strategy
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Carry Trade Unwind Sparks Biggest Yen Rally in Months | Insight with Haslinda Amin 9/4/2026

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Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture.

Chapters:
00:00:00 – Insight with Haslinda Amin Begins
00:01:18 – Stocks rise as Fed hike bets ease, yen strengthens
00:05:43 – Javelin Wealth’s Polka Mishra on the yen and Japanese yields
00:09:11 – Polka Mishra on Treasury yields and emerging market bonds
00:13:18 – Sam Altman says OpenAI has fumbled at communicating AI benefits
00:16:41 – Polka Mishra on AI investment opportunities
00:24:06 – Controversy mounts over India’s latest GDP growth data
00:26:12 – World Bank executive director Neelkanth Mishra on India growth doubts
00:40:51 – India to review options settlement pricing on auction chaos 
00:43:18 – India launches rocket in boost to space ambitions after failures
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