First on CNBC: CNBC Excerpts: CNBC's Scott Wapner Speaks with Lloyd Blankfein, Goldman Sachs Chairman & CEO, Today on CNBC
WHEN: TODAY, TUESDAY, FEBRUARY 12TH
WHERE: CNBC'S "STREET SIGNS"
Following are excerpts from the unofficial transcript of a FIRST ON CNBC interview with Goldman Sachs Chairman & CEO Lloyd Blankfein today on CNBC's "Street Signs." Following is a link to the video on CNBC.com: http://video.cnbc.com/gallery/?play=1&video=3000147572.
All references must be sourced to CNBC.
Blankfein on Activity:
For where we are in the economic cycle given the level interest rates which are low, equity values higher we think there should be more activity now generally than we are seeing. By the way you can search for reason why or decide it is just around the corner. Personally I think the market will catch up to itself.
Blankfein on Valuations:
The most common thing we hear today is, 'these people were talking but they couldn't agree on valuation.' So in a period in time where there is uncertainty on tax rates, what growth will be, whether there will headwinds because of austerity measures being adopted, trying to close the budget and all these kinds of things, there's disagreement on valuation in the immediate future. But as that gets cleared up, even if you don't like the answer, it's going to result in more activity.
With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD , CNBC is the recognized world leader in business news and provides real-time financial market coverage and business information to approximately 390 million homes worldwide, including more than 100 million households in the United States and Canada. CNBC also provides daily business updates to 400 million households across China. The network's 16 live hours a day of business programming in North America (weekdays from 4:00 a.m. - 8:00 p.m. ET) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide.
CNBC also has a vast portfolio of digital products which deliver real-time financial market news and information across a variety of platforms. These include CNBC.com, the online destination for global business; CNBC PRO, the premium, integrated desktop/mobile service that provides real-time global market data and live access to CNBC global programming; and a suite of CNBC Mobile products including the CNBC Real-Time iPhone and iPad Apps.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site athttp://www.nbcumv.com/mediavillage/networks/cnbc/