Market Maker

Welcome to Market Maker - the podcast that makes finance interesting and easy to understand for everyone.Hosted by Anthony Cheung, Chief Content & Culture Officer at AmplifyME, each week he and a guest break down what's really moving markets, from interest rates and tech stocks to global politics and the latest M&A deals.Think of it like the FT... but with fewer buzzwords, more clarity, and a lot less taking ourselves too seriously.For anyone looking to understand markets better, whether for their career, business, or just curiosity — this is your edge.Subscribe now to Market Maker and stay one step ahead.

Markets have stayed calm so far this week, but central banks and geopolitics were anything but. Anthony and Piers break down the Fed's muted meeting, the revised growth and inflation forecasts, and the hidden signals in the dot plot. Over in the UK, a dovish shift at the Bank of England suggests more cuts are coming despite a steady headline rate.They also unpack rising tensions between the U.S., Israel, and Iran, and what oil markets are really telling us about the risk of escalation.From vote splits to forward guidance, this episode filters the noise to reveal the signals that matter.(00:00) Intro & Topics in Focus(02:03) Fed Hold Rates But Dot Plots Move(17:49) Bank of England's Strategy and Vote Split(27:39) Geopolitical Tensions and Market Reactions

From a $33 billion family tie-up at Toyota to Japan's 400% surge in M&A activity, Anthony and Stephen break down the latest investment banking scorecard and why dealmakers are suddenly flocking East.They also dig into Disney's final takeover of Hulu, the $15 billion Meta bet on AI startup Scale, and the fiery rise of Dave's Hot Chicken, where three friends turned a $900 parking lot pop-up into a billion-dollar brand.Essential listening for anyone tracking global M&A trends, streaming wars, AI arms races and the unexpected lessons of franchise chicken economics.(00:00) Intro & Themes in Focus(02:09) Investment Banking Scorecard Overview(04:09) Japan's M&A Surge: A Deep Dive(10:46) Disney's Strategic Acquisition of Hulu(16:46) Meta's $15 Billion Bet on AI(23:25) The Rise of Dave's Hot Chicken****Check out the AmplifyME Summer Analyst Tradining Programme https://amplifyme.com/summer-analyst-programme

Markets erupted this week as oil spiked 13% overnight following Israeli strikes on Iran. Anthony and Piers unpack what it all means from geopolitical shockwaves to the tactical chaos of trading during breaking news.They also dive into the concept of backwardation and why it's dominated the oil market for years, despite the headlines. Plus, what U.S. inflation data reveals about Trump's tariff strategy and the real pressure behind his attacks on Fed Chair Jerome Powell.With the Fed meeting looming, a surging FTSE defying weak UK GDP, and signs of a subtle U.S.–China détente in London, this episode helps you connect the dots in a world full of noise.(00:00) Intro & Key Themes in Focus(02:14) Market Reactions to Geopolitical Events(12:33) Understanding Oil Market Dynamics(17:47) US Inflation Data and Its Implications(25:39) Trump Pressures the Fed to Cut(27:50) US-China Relations and Market Impact(32:45) UK GDP and the Resilience of the FTSE 100

From Wall Street's wild recruiting arms race to the collapse of KKR's £4bn Thames Water rescue, Anthony and Stephen unravel the biggest private equity stories shaping markets right now.They unpack why PE firms are hiring grads five years early (and why J.P. Morgan's furious), the 35% drop in global fundraising, and what it means for the industry's future. Plus: Salesforce bets $8bn on Informatica in a bold AI data play, and after 717 days of drama, the Telegraph sale finally nears the finish line.Essential listening for anyone navigating the high-stakes world of M&A, private equity power moves, and the politics behind billion-dollar deals.(00:00) Intro & Themes in Focus(01:55) What Makes a Good LBO Candidate(04:54) Recruiting Mania in Private Equity(14:16) KKR and Thames Water Update(21:06) Private Equity Fundraising Trends(30:33) Telegraph Acquisition Insights(34:34) Salesforce's Acquisition of Informatica

Piers Curran returns to break down the macro landscape as we head into the second half of 2025, just in time for interview season. We unpack the three economic pillars: growth, inflation, and interest rates through the lens of Trump's tariffs, the U.S. deficit crisis, and conflicting market signals. Why are stocks near highs while bond yields and the dollar signal caution? What's really behind gold and Bitcoin's surge? And how should you interpret these moves when sitting across from an interviewer? Whether you're prepping for an assessment centre or trying to read the market tea leaves, this episode is your macro cheat sheet.(00:00) Introduction and Overview of Market Trends(03:07) GDP, Inflation, and Interest Rates(06:13) The Impact of US Politics on Markets(08:55) Market Reactions: US yields vs US Dollar(16:33) What On the Radar In The Coming Months(21:28) What Next For Stocks?(25:13) Retail vs Institutional Investors(27:53) Crude Remains Weak While Gold and Bitcoin Rally(31:43) China's Economic Performance and Global Implications

In this episode, Anthony speaks with Sara Ruozzo, whose journey from classical studies in Milan to internships at Microsoft and Tesla, and now working in sustainable investments at UBS, is a masterclass in career pivoting with purpose.If you're a student from a non-finance background or early in your career, wondering how to break into finance (and feel like everyone else already knows the playbook), this one's for you.Sara discusses the real value of a STEM background in the finance industry and why saying yes to new experiences (even when you're unsure) can be the fastest route to finding your edge.Expect jargon-free advice, practical tips on self-teaching, the value of rotations and graduate schemes, and how to build a story that makes employers sit up and listen.(00:00) Introduction and Background(03:01) Career Pivots and Decision-Making Process(05:49) Transitioning into Finance(08:23) Building Confidence and Self-Awareness(11:58) Knowledge Gaps and Learning Strategies(14:53) Soft Skills and Growth Mindset(19:10) Practical Steps to Upskilling(26:24) The Power of Networking(27:28) Cultivating a Growth Mindset in Finance(31:51) Leveraging a STEM Background in Finance(36:36) The Value of Cultural Experiences(43:55) Articulating Your Career Journey(46:56) Practical Tips for STEM Students in Finance Hosted on Acast. See acast.com/privacy for more information.

From a $35bn “Valentine's Day love letter” to OpenAI's mysterious $6.5bn hardware play, Anthony and Stephen break down the biggest deal stories shaking up markets this week.They also dive into the private equity pullback as firms like Blackstone and KKR slump, why Goldman Sachs is going big on the Middle East, and how Victoria's Secret is fighting off unwanted attention with lingerie and a poison pill.Essential listening for anyone curious about the mechanics of mega M&A, private equity's shifting playbook, and the strange overlap between fashion, finance, and billion-dollar drama.(00:00) Intro & Key Themes(01:43) The $35 Billion Love Letter(09:36) OpenAI's Bold Acquisition(16:42) The State of Private Equity(23:23) Goldman Sachs in the Middle East(27:14) Victoria's Secrets Poison Pill(32:55) Google's $700 Million Gift*****Are you a student interested in exploring a career in finance? Check out the AmplifyME Summer Analyst Training Programme https://amplifyme.com/summer-analyst-programme Hosted on Acast. See acast.com/privacy for more information.

From a surprise jump in UK inflation to soaring retail sales and a surging pound, Anthony and Piers break down why Britain's economy is defying expectations and what it means for interest rate cuts.They also unpack the bizarre logic behind OPEC's production hike amid falling oil prices, gold's fresh rally on renewed debt fears, and how Trump's “Big Beautiful Bill” could push US borrowing costs to record highs.Essential listening for anyone trying to make sense of inflation surprises, energy market gamesmanship, and the slow-burning fuse of America's fiscal crisis.(00:00) Intro & Key Themes(01:37) UK Inflation and Consumer Confidence(08:10) Oil Market Dynamics and OPEC's Strategy(15:15) Gold's Resurgence Amid US Debt Concerns Hosted on Acast. See acast.com/privacy for more information.

From eToro's blockbuster debut to the return of SPACs and the flood of micro IPOs from China, Anthony and Stephen break down what's really happening in the 2025 IPO market.They also dive into the data behind Japan's surprise IPO boom, why London continues to lag, and which investment banks are topping the ECM league tables, with one unexpected name climbing fast.Essential insight for anyone tracking deals, equity markets, and the big stories behind this year's public listings.(00:00) Intro & Key Themes(02:47) IPO Market Overview: Year-to-Date Performance(05:14) Micro Listings: A New Trend in IPOs(13:01) Understanding SPACs and Their Role(17:41) Global IPO Activity: A Broader Perspective(20:21) Sector Analysis: What Companies Are Going Public?(24:01) eToro IPO & Notable Companies to Watch(33:44) UK IPO Landscape: Challenges and Opportunities(36:52) Investment Banks: League Tables and Revenue Breakdown Hosted on Acast. See acast.com/privacy for more information.

From a blistering 20% S&P rebound to Trump's tariff U-turn, Anthony and Piers unpack what's behind one of the fastest stock market rallies in recent memory — and whether it can last.They also dive into the surprise inflation slowdown, what it means for Fed rate cuts, and why the looming US debt ceiling deadline could be the next big market risk. Plus, is “taco trade” the new “buy the dip”?Essential listening for anyone trying to make sense of fast-moving markets, policy shifts, and the psychology driving investor behavior.(00:00) Intro & Key Themes(03:05) What's Driving the Market Rebound(09:03) US Inflation Trends & Fed Rate Cut Hopes(14:56) Trading Psychology: Fear, Risk & Strategy(16:00) The Debt Ceiling Explained - And Why It Matters(24:29) One Market Factor You Might Be Overlooking Hosted on Acast. See acast.com/privacy for more information.

In this career insight episode, Anthony speaks with Mahgul Ansari, an Assistant Portfolio Manager at Premier Miton, about her unconventional path into investment management. Starting out studying modern languages at Oxford University and later qualifying as a chartered accountant, Gul shares how she pivoted into asset management, the challenges she faced along the way, and how she built an edge in the industry by combining linguistic, analytical, and accounting skills.Gul opens up about dealing with rejection, breaking into the industry without a finance degree, and why authenticity and personal branding matter more than ever.(00:00) Gul's Journey: From Languages to Finance(07:22) Navigating Career Challenges and Self-Discovery(16:56) Finding Your Edge in Investment Management(23:50) The Role of a Portfolio Manager(28:34) Personal Branding and Authenticity in Finance(37:46) Diversity and Inclusion in Asset Management(45:45) Exploring Non-Traditional Paths into Finance Hosted on Acast. See acast.com/privacy for more information.

From Shell eyeing BP in a historic mega-merger to 3G Capital's surprise $9.4bn move on Skechers, Anthony and Stephen break down the M&A headlines driving markets this week. They also unpack Sunoco's $9.1bn cross-border play for Canada's Parkland and explain what a “fairness opinion” really means. Essential insight for anyone interested in deals, strategy, and what real money is doing in volatile times.(00:00) Intro & Topics on the Table(02:41) Mega M&A Deal: Shell and BP(24:20) Skechers Acquisition by 3G Capital(32:40) Sunoco's Acquisition of Parkland(36:00) Understanding Fairness Opinions in M&A Hosted on Acast. See acast.com/privacy for more information.

The Fed kept rates on hold - no surprise there. But in this episode, Anthony and Piers dig into the real story: the subtle shifts in language, the rising risk of stagflation, and how Trump's tariff war is clouding the economic outlook. They break down why traders hang on Powell's every word, how markets react before policy changes, and what conflicting data says about where the US economy is headed. Whether you're trying to make sense of monetary policy or sharpen your market instincts, this is the episode that connects the dots, minus the jargon, with all the context.(00:00) Understanding the FOMC Announcement(02:47) Monetary Policy's Impact on Markets(05:52) Decoding Economic Data and Fed's Challenges(08:33) Powell Fires Back at Trump(11:32) Unpacking Changes in the Fed's Statement(16:14) Market Reactions and Future Expectations(18:48) Tariffs, Negotiations, and Market Sentiment(21:10) Interest Rate Futures and Market Predictions Hosted on Acast. See acast.com/privacy for more information.

Meta is back in the crosshairs of the FTC. Could Zuckerberg really be forced to spin off Instagram or WhatsApp? We explore the legal showdown, what it means for antitrust enforcement in big tech, and the potential ripple effects for future M&A deals in Silicon Valley.Then, we head to the UK where private equity giant KKR is circling Thames Water with a potential £4 billion investment. It's a classic case of distressed infrastructure meets sharp-elbowed private capital.Tune in for a breakdown of the business models, political implications, and what these deals say about the future of competition and capitalism.(00:00) Introduction and Overview of M&A Topics(02:44) Meta's Antitrust Battle and Business Model Critique(10:30) FTC's Antitrust Case Against Meta(17:44) Implications of Antitrust Case for Big Tech(25:46) KKR's Acquisition of Thames Water(32:25) Private Equity vs. Nationalization of Utilities Hosted on Acast. See acast.com/privacy for more information.

Anthony and Piers break down the latest U.S. GDP figures that sent headlines into a frenzy, but is the economy really on the brink of recession? This episode dives into the mechanics behind the data, why imports distorted the numbers, and what it really means for the Fed, markets, and your investment outlook. Clear, no-nonsense insight that cuts through the headlines.(00:00) Introduction and Economic Context(02:09) Understanding GDP and Its Implications(06:30) Consumer Sentiment and Economic Resilience(12:34) Market Reactions and Future Projections(19:06) Conclusion and Key Takeaways Hosted on Acast. See acast.com/privacy for more information.

Guinevere Taylor didn't study finance. She didn't go to a top-tier uni. But she built a successful career in asset management and after several years as a director at a major sell-side bank, she now leads UK Capital Formation at Brightwood Capital.In this episode, she shares how she broke into the industry, built confidence in client-facing roles, and juggled early motherhood with a demanding career. If you're a student or young professional looking for real, relatable advice on thriving in finance, this conversation is for you.(00:00) Fiji to Finance(02:47) From Credit Cards to Asset Management(06:06) The Importance of Soft Skills in Client Relations(08:57) Balancing Work and Motherhood(11:57) Embracing Diversity and Inclusion(15:09) Why Building Relationships is Key Skill(17:59) Finding your Right Fit(21:06) Networking for Young Professionals(24:05) Advice for Future Generations Hosted on Acast. See acast.com/privacy for more information.

In this podcast episode, Anthony and Stephen unpack the return of mega mergers, from Capital One's $35.5bn takeover of Discover Financial to Nomura's strategic $2bn acquisition.Plus, they dive into why private equity is reshaping the accountancy world through massive consolidation plays like Baker Tilly and Grant Thornton.Whether you're aiming for banking, asset management, accounting, private equity, or advisory, this is essential insight to stay ahead of the curve.(00:00) Introduction to M&A Deals(02:05) Capital One's $35.5 Billion Acquisition(09:02) Nomura's Strategic Acquisition of Macquarie(16:00) Baker Tilly's Acquisition of Moss Adams(25:50) Grant Thornton's Fragmented Structure and PE Involvement***Take a free M&A Finance Accelerator simulation in partnership with UBS www.amplifyme.com/mafa Hosted on Acast. See acast.com/privacy for more information.

What happens when a president hints at firing the Fed chair, markets spiral, and Elon Musk suddenly retreats from Washington?In this episode, Anthony and Piers dissect Trump's headline-grabbing U-turn, the deeper implications for Fed independence, and why Tesla shares soared despite disastrous earnings.Plus, is a US-China trade thaw finally in sight and what could that mean for inflation and rates? Another high-stakes week in global markets made easy to understand for everyone.(01:58) Trump vs Powell: The Current State of Play(05:03) Why Does Trump Want Lower Rates?(06:19) Can Trump actually fire Fed Chair Powell?(09:53) How have Markets Reacted to this Idea?(15:19) The Most Important Story Isn't Trump(18:19) Why Fed Independence is Important(21:18) Is a Japanese and Indian Trade Deal Coming?(25:50) Elon Musk Turns Attention Back to Tesla(33:11) Handling Volatile Markets When Investing Hosted on Acast. See acast.com/privacy for more information.

In part two of our ESG mini-series, Anthony Cheung and Stephen Barnett dive into the backlash that's hit the ESG world: record fund outflows, greenwashing scandals, political pushback, and major asset managers quietly stepping away. But is this really the end… or just the next chapter?They explore why ESG has become so controversial, why the US and Europe are heading in different directions, and whether it's still possible to invest with purpose and make money. Plus, some practical advice for anyone thinking about a career in sustainable finance—especially how to stay grounded when trends shift.If you're looking to understand the bigger picture and where ESG goes from here, this one's for you.(00:00) The State of ESG: Is It Dead?(04:26) US vs. Europe: A Cultural Divide in ESG Commitment(10:04) Greenwashing: The Challenge of Authenticity in ESG(15:12) The Importance of ESG in a Volatile World(19:06) Anti-Fragility: Thriving Through Challenges(22:38) Next Steps: Exploring ESG and Career Paths Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony sits down with Miren-Edurne De Frutos, a senior sales & trading executive with decades of global experience across top-tier investment banks.Fluent in five languages and having worked across eight countries, Miren shares her refreshingly honest take on:What sales & trading roles actually involve (minus the jargon)How to stand out in finance by mastering soft skillsThe power of building authentic, long-term relationshipsWhy neurodiversity still isn't talked about enough in markets and how she's using her voice to change thatFrom waiting tables in New York to pitching complex ideas to institutional clients, Miren's journey is packed with stories, practical advice, and raw insight into what it really takes to succeed and be yourself in finance.Whether you're exploring a career in markets or already navigating one, this is a conversation you don't want to miss.(02:02) Introduction to Career Insights and Neurodiversity(03:56) Understanding Roles in Investment Banking(06:40) How Language Skills Helped(09:09) The Importance of Personal Growth and Adaptability(12:22) Standing Out in a Competitive Environment(15:33) Building Your Board of Directors(19:07) The Art of Selling and Building Relationships(22:45) Networking vs. Relationship Building(26:09) Navigating Neurodiversity in Finance(35:18) Leveraging Technology for Neurodiverse Individuals(38:24) Creating Inclusive Environments in Finance Hosted on Acast. See acast.com/privacy for more information.

Is ESG just a buzzword or does it still matter? In this two-part episode, Anthony Cheung is joined by ESG expert Stephen Barnett to unpack what ESG really means, where it came from, and why it's become so confusing (and controversial). From trillion-dollar funds to wind turbines on glossy brochures, they explore the good, the bad, and the misunderstood. Whether you're curious about impact investing, thinking about a career in sustainable finance, or just want to finally understand what ESG actually means beyond the acronym, this is the episode for you.(00:00) Introduction to ESG and Its Importance(05:43) The Historical Context of ESG(12:22) The Size and Scope of the ESG Industry(18:29) Understanding ESG Investing Strategies(26:16) Impact Investing vs. ESG(31:21) Challenges in ESG Investing(37:16) Philosophical Considerations in ESG Investing Hosted on Acast. See acast.com/privacy for more information.

In one of the wildest weeks on Wall Street since 2008, markets flip from panic to euphoria—thanks to a single Truth Social post and a dramatic policy reversal from Donald Trump. But was it all part of the plan?In this episode, Anthony Cheung and Piers Curran break down:Why the S&P 500 had its biggest one-day jump since the financial crisisThe real asset class that forced Trump's hand (hint: not equities)What bond yields, auction flops, and China's emergency meetings say about global market stressHow traders at JPMorgan are thriving while hedge funds like Renaissance take a beatingAnd what this all means for students and young professionals trying to understand today's marketsFast-moving, high-stakes, and full of insight. This is the episode you need to hear to stay commercially aware!(02:01) Market Movements and Trump's Influence(08:17) The Role of Inflation and Federal Reserve Actions(12:08) Trump's Negotiation Tactics and Market Reactions(17:26) Bond Market Dynamics and Economic Implications(26:55) China's Response and Future Strategies(32:05) Investment Bank Scenarios of What Next?(36:49) Trading Booms & Banking Busts Hosted on Acast. See acast.com/privacy for more information.

What does it take to succeed in quant finance? Anthony Cheung sits down with Nitish Maini, Chief Strategy Officer at WorldQuant, to discuss his journey from consulting to quant trading, the biggest misconceptions about the industry, and why creativity and strategic thinking are just as important as coding skills. They also explore how WorldQuant is reshaping global talent pipelines through initiatives like the WorldQuant BRAIN platform and the International Quant Championship, opening doors for aspiring quants worldwide.If you're interested in quant finance, or just curious to learn more, this episode is for you!Enter the International Quant Championship qr.wqbrain.com/bfqLYvLearn2Quant YouTube series by WorldQuant https://shorturl.at/BR2v6*****(00:00) Introduction to Quantitative Finance and Nitish's Background(08:45) The Difference Between Quant Researcher and Portfolio Manager(19:07) The Evolution of Quantitative Finance(20:55) Demystifying Quant Finance (24:05) WorldQuant: A Unique Approach to Quant Finance(26:06) WorldQuant Brain: Crowdsourcing Alpha Signals(30:01) Learn to Quant: Educational Initiatives(32:16) International Quant Championship: A Global Competition*****(WorldQuant defines alphas as mathematical models that seek to predict the future price movements of various financial instruments) Hosted on Acast. See acast.com/privacy for more information.

In the second half of this two-part series, Anthony and Stephen unpack the political and economic ripple effects of Trump's first term on Nike, European carmakers, EV charging firms, luxury giants like LVMH and even private prison operators. From tariffs to executive orders, find out who's adapting, who's lobbying, and who's quietly making billions.(00:35) Nike's Struggles Amid Trade Wars(09:23) Impact of Tariffs on European Car Manufacturers(17:30) Challenges for EV Charging Companies(22:34) Luxury Brands and Political Influence(25:14) The Rise of Private Prisons Under Trump Hosted on Acast. See acast.com/privacy for more information.

How do you break into finance without a traditional background? Salena Lee, a Director in Real Estate Investment Banking EMEA at JLL, shares her unconventional journey from politics to investment banking and private equity, revealing the challenges, opportunities, and mindset shifts that made it possible.She discusses the importance of self-awareness, networking, and the balance between technical and soft skills in career success. Salena also dives into cultural differences in business, the power of mentorship and sponsorship, and why patience is key to long-term growth.(00:00) Navigating an Unconventional Career Path(03:16) Transitioning into Finance: Challenges and Opportunities(07:31) The Importance of Self-Awareness in Career Growth(10:08) Technical Skills vs. Soft Skills in Finance(12:22) Cultural Influences on Business Practices(16:58) Mastering Presentation Skills(18:54) Realities of Finance Careers: Investment Banking vs. Private Equity(21:55) Managing Stress in High-Pressure Environments(24:14) The Art of Selling Yourself(28:30) The Role of Mentorship and Sponsorship(34:49) The Importance of Patience in Career Development Hosted on Acast. See acast.com/privacy for more information.

What do Tesla, Chevron, Paul Weiss, Accenture, and Boeing all have in common? In this episode, Anthony and Stephen dive into the companies most impacted, positively or negatively, by Donald Trump's latest term in office.From surprise military contracts and stealth fighter jets to sanctions, executive orders, and collapsing EV valuations, this episode breaks down how politics and policy are shaking up corporate America.You'll learn:(00:00) Introduction to Trump's Impact on Companies(02:45) Tesla's Rollercoaster Ride(09:43) Chevron and Tariff Day(13:56) Paul Weiss: Politics and Law(19:41) Accenture's Consulting Challenges(23:11) Boeing's Military Contracts and Future ProspectsThis is Part 1 of a two-part series tracking 10 companies caught in the Trump storm, so remember to follow and tune in next week for part 2! Hosted on Acast. See acast.com/privacy for more information.

Is the UK economy teetering on the edge, or are we all just stuck in a cycle of doomscrolling and media hype?In this episode, Anthony and Piers unpack the headlines dominating UK news, from surprisingly strong retail sales and wage growth to rising inflation forecasts and the Chancellor's latest budget. Is this the start of a turnaround, or just a temporary blip before more pain to come?We explore:(01:24) The UK Economy: A Stagnation Debate(04:21) Retail Sales: Signs of Recovery?(07:10) Wage Growth and Consumer Spending(10:11) Comparing UK and US Consumer Behavior(13:50) Inflation Trends and Economic Outlook(21:52) The Impact of the Budget on the Economy(27:15) Final Thoughts: Is the UK on the Brink?Listen now to find out if the UK is heading for stagnation… or finally shaking off the slump. Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony and Stephen discuss three major business stories: Google's acquisition of cybersecurity firm Wiz for $32 billion, PepsiCo's $2 billion purchase of prebiotic drink brand Poppi, and the record-setting $13 billion raised by Copenhagen Infrastructure Partners for renewable energy investments. The conversation delves into the implications of these deals, the strategic rationale behind acquisitions, and the evolving landscape of ESG investing.(04:21) Major Deals in Tech and Beverage Industries(14:33) The Rise of Poppy and Strategic Acquisitions(25:17) Fast Growth vs Cash Flow Positive Companies(29:11) Renewable Energy Investments and ESG Trends Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony and Piers break down the latest decisions from the US Federal Reserve and the Bank of England, including why both central banks chose to hold interest rates and what it means for markets.They unpack the implications of quantitative tightening (QT), explore shifts in the Fed's balance sheet, and shed light on the importance of the dot plot and what it signals about future rate cuts. The conversation also covers the debate around transitory inflation, market reactions, and the growing uncertainty clouding the UK economy.Perfect for anyone interested in central banks, monetary policy, macroeconomics, or making sense of today's financial headlines.(00:00) Central Bank Decisions Overview(01:37) Fed's Economic Forecasts and Market Reactions(04:35) Understanding Quantitative Tightening(07:57) The Fed's Balance Sheet and Its Implications(15:48) The Debt Ceiling Issue(20:28) How the Market Reacted(22:38) The Dot Plot Matrix Explained(26:19) Transitory Inflation and Its Implications(30:55) 2nd April is An Important Day(32:39) Peak Global Uncertainty (35:02) The Bank of England's Position and Vote Split Hosted on Acast. See acast.com/privacy for more information.

Former investment banker and private equity professional Emily Cook shares her journey into neuroscience and performance coaching, discussing the challenges and high demands of the finance industry, the importance of networking, and her insights on structured finance.Emily breaks down science-backed strategies for managing stress, boosting productivity, and sustaining peak performance. From breathwork and wearable tech to harnessing the flow state, Emily explains how small shifts can lead to big improvements.Ready to take control of your performance? Tune in to discover actionable strategies to work smarter, stay resilient, and reach your full potential.(02:30) Introduction to Emily's Unique Journey(12:02) Networking: Building Connections in Finance(15:42) Understanding Structured Finance(20:48) Navigating the Private Equity Landscape(23:27) Defining Peak Performance(29:54) Productivity: Common Mistakes and Remedies(33:38) Managing Stress in High-Pressure Environments(41:22) The Role of Wearable Devices(43:59) Understanding Flow State(48:40) Navigating the Flow Cycle(1:00:27) Embracing Uniqueness in Your Journey Hosted on Acast. See acast.com/privacy for more information.

In this episode of The Deal Room, Anthony and Stephen break down the latest high-stakes deals shaking up the investment banking world. From Goldman Sachs' $19 billion port sale and cost-cutting strategy (Project Voyage) to UBS's role in the Walgreens Boots Alliance buyout, they uncover the strategies driving these financial powerhouses.Plus, they explore Europe's push for aerospace self-sufficiency and what Barclays' leadership shake-up means for its ambitious expansion in equity capital markets.If you want to stay ahead of the curve in all things investment banking and private equity, this episode is for you!(00:00) Introduction to The Deal Room & Topics(03:30) Goldman Sachs: Major Deals and Strategies(13:18) Project Voyage: Cost-Cutting and Relocation(18:57) European Aerospace and Defense: Shifts in Advisory(24:37) UBS and the Walgreens Boots Alliance Buyout(31:23) Barclays: Leadership Changes in ECM Hosted on Acast. See acast.com/privacy for more information.

Markets just took a hit, why? In this episode, Anthony and Piers break down the latest global market sell-off, unpacking the forces at play. From fresh tariff announcements and critical CPI data to technical market trends and Trump's strategic economic moves, they dissect what's really driving investor sentiment.How do inflation reports shape policy decisions? What technical signals are traders watching? And what does all of this mean for markets moving forward? Tune in for a fast-paced, insight-packed discussion on the intersection of macro trends, market behavior, and economic strategy.Listen now to stay ahead of the curve.(00:00) Market Overview and Recent Sell-Off(09:15) Technical Analysis and Market Behavior(16:34) CPI Data and Inflation Insights(21:27) Strategic Implications of Economic Policies Hosted on Acast. See acast.com/privacy for more information.

Is the UK losing its edge in deal-making? In this episode, Anthony and Stephen break down the state of M&A, private equity, and IPOs, exploring how Brexit, FTSE 100 performance, and global competition are reshaping the market.Why are UK IPOs struggling against the US?What's driving M&A activity or holding it back?How should investors navigate this shifting landscape?Tune in for expert insights on where the UK market stands and where it's headed!(01:46) Introduction to UK Deal Making Insights(02:51) M&A Trends in the UK(09:35) Private Equity Landscape in the UK(18:36) The State of IPOs in the UK(24:25) Comparative Analysis: UK vs. US IPO Markets(32:46) UK's Position in the European Market Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony and Piers break down the biggest shifts in global markets, from what's driving the euro's rally against the dollar to the latest signals on US economic sentiment and whether a recession is on the horizon.Tune in now for an easy-to-understand breakdown of the forces shaping markets this week. Hosted on Acast. See acast.com/privacy for more information.

How do you go from a successful career in finance to coaching top executives? In this episode, Hayley shares her journey, from excelling as a student to navigating the trading floor, transitioning into sales, and eventually becoming an executive coach.She breaks down the misconceptions around sales in finance, the raw skills that make a top performer, and why emotional intelligence is the ultimate career superpower. Hayley also dives into the challenges women face in leadership, the power of authenticity, and how young professionals can develop confidence, resilience, and self-advocacy.If you're a student or young professional looking for career clarity, workplace insights, and practical self-improvement tips, this episode is a must-listen! Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony and Stephen break down the high-stakes earnings of Nvidia and Tesla, two of the most-watched stocks on Wall Street.What's inside?Nvidia's explosive revenue growth – is the AI boom still driving its valuation?Tesla's slowing momentum – what's behind the stagnant growth, and can Musk's bold vision turn things around?Market sentiment & investor reaction – what these earnings mean for the broader stock market.If you're following AI, EVs, or tech stocks, this episode is a must-listen. Tune in now!(00:00) Introduction to Nvidia and Tesla Analysis(01:47) Nvidia's Financial Performance and Market Reaction(06:54) Understanding Nvidia's Gross Profit Margins(12:53) Market Sentiment and Nvidia's Valuation(20:42) Tesla's Earnings and Market Position(23:48) Elon Musk's Vision and Tesla's Future(26:16) Comparative Analysis of Tesla and Nvidia(30:02) Could Tesla and xAI merge?(31:10) Tesla updated DCF Hosted on Acast. See acast.com/privacy for more information.

Are we on the brink of a market shake-up? In this episode, Anthony and Piers break down the latest shifts in market sentiment, key economic indicators, and what's driving investor confidence right now.What's inside?The impact of geopolitics and the US economy on risk appetiteWhy Big Tech is still in the driver's seatThe Nvidia earnings event that could send shockwaves through the marketHow investors are positioning for the next big moveStay ahead of the curve as we unpack the real-time forces shaping financial markets. Tune in now! Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony and Stephen discuss the recent struggles of BP, the impact of activist investors like Elliott Management, the dramatic drop in Shein's valuation due to external market pressures, and the rising valuations of sports franchises, particularly the New York Giants. The conversation highlights the complexities of corporate strategy, market dynamics, and the influence of political decisions on business valuations.(01:59) Welcome & Introduction(05:11) The Struggles of BP and Activist Investors(16:40) Shein's Valuation Plunge and Market Challenges(27:02) The New York Giants and the Rise of Sports Valuations Hosted on Acast. See acast.com/privacy for more information.

How does a law graduate end up trading leveraged credit at one of the world's leading financial institutions? Emma Baron, Executive Director in Leveraged Credit Trading and Portfolio Management Goldman Sachs Asset Management, shares her unconventional journey into finance.From studying law to starting in broking, pivoting to hedge fund trading, and transitioning into asset management, Emma's career is a masterclass in adaptability. She reveals the key lessons she's learned, why work ethic and self-discovery matter, how empathy and teamwork shape success in trading, and why career paths are rarely linear.For aspiring finance professionals, this episode is packed with insights on embracing unexpected opportunities and thriving in a fast-paced industry. Don't miss it!(02:25) From Law to Finance: An Accidental Journey(09:01) Adapting to New Environments: Overcoming Intimidation(10:19) Why Attitude Matters: The Power of Work Ethic(12:07) Finding Your Fit: The Importance of Self-Discovery(16:09) Empathy in Trading: Why Relationships Matter(22:30) The Impact of Mentors: Lessons from Experience(24:26) Success in Trading: The Role of Teamwork and Support(26:26) Managing Stress in Finance: Surprise Hobbies(28:59) Advice for the Younger Self: Embracing Non-Linearity Hosted on Acast. See acast.com/privacy for more information.

This episode unpacks the high-stakes rivalry between Elon Musk and Sam Altman, diving into the power shifts within OpenAI, its controversial move from a non-profit to a capped-profit model, and the financial pressures shaping its future. We also explore how Trump's administration is reshaping private equity and M&A, while examining the strategic maneuvers and corporate chess moves of Musk and Altman in the rapidly evolving AI space.A deep dive into big personalities, big money, and the battle for AI dominance!(01:36) Welcome & Introduction(03:03) Musk v Altman(05:44) The Birth of OpenAI(14:46) Dealing with Musk(17:20) The Enigma of Sam Altman(28:34) What's Next?(32:00) Private Equity Misfire Hosted on Acast. See acast.com/privacy for more information.

This week, Anthony Cheung and Piers Curran break down Barclays' strong earnings, is their turnaround strategy finally paying off? They also explore why European equities are defying expectations, and what the latest US inflation data means for markets, interest rates, and central bank policy. Plus, a deeper look at trading vs. investing, how do market professionals really think about risk and opportunity?Sharp insights, big questions, and the key market themes you need to know. Tune in now!(01:19) Welcome & Episode Intro(02:53) Barclays' Big Reset(08:38) EU Banks Fight Back(13:58) Investing vs Trading(22:39) US inflation explained(33:52) Market reaction to CPI(40:33) Next big event Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony and Stephen discuss key topics in the financial industry, focusing on investment banking salaries and bonuses, a fierce private equity battle in Japan, Santander's ambitions in the US market, and the troubled merger talks between Honda and Nissan. The conversation provides insights into the dynamics of compensation in investment banking, the evolving landscape of private equity in Japan, the challenges faced by European banks in the US, and the implications of the Honda-Nissan merger discussions.(00:00) Intro(01:37) Investment Banking Salaries and Bonuses(13:02) Private Equity Battles in Japan(20:07) Santander's Ambitious US Expansion(24:49) Honda and Nissan's Troubled Merger Talks Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony and Piers break down Trump's idea for a U.S. sovereign wealth fund, what it is, how it works, and why it matters. They explore global examples like Norway's trillion-dollar fund, the potential impact on U.S. debt management, and whether such a fund could reshape economic policy.The conversation then shifts to U.S.-China trade tensions, the latest tariff negotiations, and how markets are reacting to strategic moves from both sides.Tune in for expert insights on finance, geopolitics, and market trends!(00:00) Introduction and Podcast Recognition(01:35) Understanding Sovereign Wealth Funds(05:36) Types and Examples of Sovereign Wealth Funds(19:42) The difference between the EU & Middle East(23:00) The Potential Impact of a US Sovereign Wealth Fund(25:05) Current Tariff Discussions and Market Reactions*****Check out the FeedSpot Best 35 Financial Market Podcasts List https://tinyurl.com/3y332542 Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony and Stephen break down HSBC's decision to scale back parts of its investment banking business, what's driving the move and what it means for the industry. They also dive into Venture Global's troubled IPO, WH Smith's evolving retail strategy, and what Carlyle has to do with private yachts and prosecco vineyards!(00:00) What's on the docket this week(01:52) HSBC's Strategic Shift in Investment Banking(11:26) Venture Global's Troubled IPO(19:02) WH Smith's Retail Challenges and Opportunities(30:33) Carlisle's Controversial Funding in Italy Hosted on Acast. See acast.com/privacy for more information.

Join Anthony and Piers for a quick take on the latest news rocking markets Monday morning, as they unpack the trillion-dollar market sell-off sparked by Chinese AI startup DeepSeek.This episode dives into the ripple effects of DeepSeek's cost-efficient AI model, the mounting pressure on big tech to adapt, and the broader geopolitical stakes in the intensifying US-China AI race.Tune in for insights on how this breakthrough has changed the dynamics of the AI race and the fortunes of the US stock market. Hosted on Acast. See acast.com/privacy for more information.

In this episode, Stephen discusses the often misunderstood field of corporate banking, highlighting its significance within the financial services industry. He explains the core functions of corporate banking, the career paths available, and the technical skills required for success in this area. Whether you're considering a career in corporate banking or just want to understand its impact, this episode is packed with valuable insights!(01:46) Welcome Back and Introduction(04:43) Understanding Corporate Banking Functions(06:42) Corporate Banking vs M&A pay comparison(11:35) Skills needed to excel in Corporate Banking(15:44) The Profile of a Successful Corporate Banker(19:23) Recruitment in Corporate Banking****Jargon Buster as promised!Leverage RatioWhat it means: Measures the relationship between a company's debt and its earnings (EBITDA).Why it matters: A high leverage ratio indicates a company is using a lot of borrowed money, which can be risky. Banks use this to decide whether to lend and at what cost.Coverage RatioWhat it means: Compares a company's operating profit to its annual interest payments.Why it matters: Shows how easily a company can pay the interest on its debt. Higher ratios are better.Service RatioWhat it means: Looks at whether a company's free cash flow can cover both interest payments and debt repayments.Why it matters: Helps assess the company's ability to handle its total debt obligations over time.Gearing RatioWhat it means: The ratio of a company's debt to its equity.Why it matters: Indicates how much of the company is financed by debt versus shareholders' money. Higher gearing often signals higher financial risk. Hosted on Acast. See acast.com/privacy for more information.

Join Anthony and Piers as they dive into the latest market moves, including the US rally and shifting investments toward European equities.They unpack the impact of Trump's tariffs, the rise of cyclical stocks, and the global trade ripple effects. Plus, hear their take on Netflix's subscriber boom, its bold strategic shifts, and the groundbreaking launch of the Stargate AI infrastructure project.A must-listen for anyone tracking the intersection of markets, tech, and trade!(01:20) Market Rally: A New Dawn(07:42) The Impact of Tariffs and Trade Relations(10:24) Shifts in Investment: US to Europe(15:40) AI Infrastructure: The Stargate Project(22:19) Netflix's Resurgence: Subscriber Growth and Strategy Hosted on Acast. See acast.com/privacy for more information.

In the first episode of our Women in Finance series, Kristine shares her remarkable journey from a small mining town to leading roles at one of the world's top commodity trading houses.Packed with insights on trading, risk management, and career growth, this episode is a masterclass in navigating the fast-paced world of commodities.With candid advice on building skills, networking effectively, and handling pressure, Kristine offers invaluable lessons for anyone aspiring to excel in trading or finance!(01:36) Series Kickoff and Introduction(04:15) Kristine's Path: From College to Cargill(10:27) How Extracurricular Activities Build Career Skills(13:11) Demystifying Commodity Trading(18:43) Must-Have Skills for Successful Traders(26:45) Balancing a High-Stakes Career with Personal Life(29:48) Tackling Imposter Syndrome and Building Confidence(35:37) Navigating Gender Perceptions in Trading(38:47) Strategic Networking for Career Growth(47:35) Overcoming Challenges: Lessons from the Trading Floor(53:43) Why a Great Mentor Makes All the Difference(59:27) The Three Key Ingredients for Career Success(01:06:02) Final Reflections: Life Lessons from Kristine Hosted on Acast. See acast.com/privacy for more information.

In this episode of The Deal Room, Anthony sits down with AmplifyME Co-Founder & CEO Will De Lucy to explore what it takes to thrive under pressure. From his journey as a trader to leading a global financial training platform, Will shares powerful lessons on managing stress, building resilience, and staying in the performance "flow." Discover how to make smarter decisions under pressure, master networking, and adapt your trading skills for a fast-evolving, tech-driven world. Don't miss these actionable insights for success in finance and beyond!(01:58) Intro: What's Coming Up(03:20) Will's Journey: From Trader to CEO(08:01) Managing Stress in High-Pressure Roles(14:45) How to Recover from Bad Decisions(17:45) Finding Your Flow State(20:34) Self-Awareness and Taking Action(22:44) Decision-Making Under Uncertainty(25:07) Steps to Build Resilience(27:22) Networking Advice for Success(30:07) How Tech is Changing Trading Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony and Piers unpack record-breaking earnings from J.P. Morgan, Goldman Sachs, and Citigroup, driven by surging trading revenue, rising investment banking fees, and resilient consumer spending. With inflation easing in both the UK and US, markets are feeling a sense of relief, fueling optimism for 2025—if geopolitical risks stay contained.Tune in for a fast-paced breakdown of the numbers behind the headlines and what it all means for Wall Street, Main Street, and the year ahead! Hosted on Acast. See acast.com/privacy for more information.