Across the Pond: What comes next for global trade?
In the short period following early April’s “Liberation Day” announcement of tariffs by the White House, questions remain amongst global investors as to whether the world is headed towards a protracted trade war, and a new regime of significantly higher tariffs. What might this all mean for Europe? Which sectors are most at risk? How can investors position portfolios accordingly? Paul Donovan, Chief Economist for UBS GWM, weighs in on these questions, along with co-hosts Christopher Swann and Belinda Peeters.
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23:30
UBS On-Air: Paul Donovan Daily Audio 'Self-inflicted slowdowns and the Fed'
Federal Reserve Chair Powell noted US President Trump’s trade taxes would raise inflation and lower economic growth. Markets have already worked this out, but Powell saying it has policy implications. On the evidence of (unreliable) sentiment surveys, over a third of US consumers think inflation will exceed 10% this year. Powell emphasized longer-term inflation expectations, which should still allow for rate cuts. The self-inflicted nature of the economic slowdown may limit the number of cuts.
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The State of Financial Stability with Steven Kelly (Yale) & Leslie Falconio (UBS CIO)
Hear a discussion on the stability of the US financial system, featuring Steven Kelly, Associate Director of Research at Yale School of Management, Leslie Falconio, Head of Taxable Fixed Income, CIO Americas
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29:51
UBS AI Podcast - CEO Series - Ep. 1 (Arvind Jain, CEO of Glean)
The UBS AI Podcast explores the fascinating and evolving world of artificial intelligence, how it's transforming industries, redefining what's possible and reshaping the future. On this first episode of the CEO Series, Ulrike Hoffmann-Burchardi, CIO for Global Equities with the UBS Chief Investment Office, converses with Arvind Jain, the CEO and Co-Founder of Glean. Ulrike and Arvind dive into the vision behind Glean, and discuss the future of AI and workplace productivity.
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35:54
UBS On-Air: Paul Donovan Daily Audio 'Inflating trade’s importance'
China halted the import of Boeing planes; US President Trump asked China to call him, and then imposed permanent restrictions on NVIDIA chip sales to China; EU leaks suggest negotiators do not believe the US knows what it wants from trade talks. Economic nationalism remains alive and well and includes capital flows. US TICS capital flows data is due today (but misses large amounts of foreign activity in US capital markets).
Portugal