Geopolitical Risks to the Market, Exclusive with Goldman’s David Solomon, Musk vs. Biden

Carl Quintanilla, Jim Cramer and David Faber began the show with a look at the markets trying to bounce back a day after the S&P closed in correction territory amid escalating tensions between Russia and Ukraine; The Dow and Nasdaq hoping to avoid their fifth straight day of losses. Jim also sat down exclusively with Goldman Sachs CEO, David Solomon, to discuss the new Russia sanctions as well as the bank’s stock price, which is lagging its peers. Solomon defended the firm’s shift toward the steadier segments of the banking industry saying, “I think people are concerned that the capital markets environment is going to be less robust going forward in 2022-2023. But ... we are extremely confident that we can deliver, over the next three years, mid-teens returns for our shareholders." Also in the mix: Elon Musk detailed some of his frustrations with the current White House. In an email exchange with CNBC, Musk said “Biden has pointedly ignored Tesla at every turn and falsely stated to the public that GM leads the electric car industry, when in fact Tesla produced over 300,000 electric vehicles last quarter and GM produced 26.”