Wall Street Breakfast Goldman posts historic stock trading revenue
Jul 16, 2025
Goldman Sachs posts a record $4.3 billion in equities trading revenue, surpassing expectations. Rumors about Trump potentially firing the Fed chairman create market chaos, but Trump denies it. A soft June PPI suggests disinflation in services, while warnings surface about the housing market. The podcast also dives into the impact of political moves on market sentiment and the nuances of inflation trends, creating a captivating analysis of current economic realities.
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Goldman's Historic Trading Revenue
- Goldman Sachs achieved the largest quarterly equity trading revenue ever, at $4.3 billion.
- This surpassed JPMorgan Chase's Q2 equity trading revenue by $1 billion, showing Goldman's market dominance.
Fed Chair Firing Rumor Impact
- Markets reacted sharply to rumors President Trump might fire Fed Chairman Jay Powell.
- Trump denied plans to remove Powell, calming markets but leaving uncertainty.
June PPI Shows Inflation Cooling
- June's Producer Price Index was unchanged month-over-month, signaling cooling inflation.
- Disinflation in services offset higher goods prices due to tariffs, suggesting inflation slowing might be ending.