Goldman Sachs reported a 14% drop in trading for the second quarter of 2014. The bank has been number one on Wall Street's equity trading franchise three out of last four quarters. Morgan Stanley and JP Morgan have made a real run at denting that image, says Julian Zelizer. He asks: Are we just assuming because of kind of the economic cycle?
Bloomberg News Senior Finance Reporter Sri Natarajan breaks down Goldman Sachs reporting second-quarter earnings that fell 58% on an investment-banking slump, real estate markdowns and a goodwill writedown in the consumer business. Dan Morgan, Senior Portfolio Manager at Synovus Trust, shares his insight on Netflix and IBM earnings. David Trainer, CEO of New Constructs, hits Tesla earnings. Ben Walter, CEO of Chase Business Banking, discusses small business owner sentiment. And we Drive to the Close with Bloomberg News Markets Reporter Abigail Doolittle. Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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