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    • Aug 29, 2025 LATEST EPISODE
    • daily NEW EPISODES
    • 12m AVG DURATION
    • 3,534 EPISODES

    Ivy Insights

    The UBS On-Air podcast is a must-listen for anyone interested in keeping up with the latest developments in the financial markets. With a diverse range of topics and expert guests, this podcast offers valuable insights and analysis that can help listeners navigate the complexities of the global economy. From interviews with renowned economists to discussions on cutting-edge financial issues, this podcast provides a well-rounded perspective on important trends and events.

    One of the best aspects of The UBS On-Air podcast is its ability to bring together leading experts from various fields. Whether it's an economist, analyst, or industry insider, each guest brings their unique perspective and knowledge to the table. This diversity in expertise ensures that listeners gain a comprehensive understanding of the topics being discussed. Moreover, the hosts do an excellent job of asking thought-provoking questions and guiding the conversation in a way that keeps listeners engaged and informed.

    Another commendable feature of this podcast is its commitment to providing unbiased analysis. The hosts strive to present different viewpoints and opinions without being swayed by any particular agenda. This ensures that listeners receive balanced information that allows them to form their own conclusions. In a world where biased reporting can be pervasive, having access to unbiased financial analysis is invaluable.

    On the flip side, one possible downside of The UBS On-Air podcast is its fast pace. While it may appeal to those who prefer quick updates and concise discussions, some listeners might find it challenging to keep up with the rapid-fire nature of the conversations. This fast pace could potentially hinder deeper exploration of certain topics or limit opportunities for more nuanced analysis.

    In conclusion, The UBS On-Air podcast is an excellent resource for anyone seeking high-quality financial analysis and insights. Its ability to bring together top experts from around the world ensures a diverse range of perspectives on key economic issues. While its fast pace may not suit all listeners, those who appreciate succinct updates will find value in this podcast. Overall, The UBS On-Air podcast is a valuable tool for staying informed and making informed decisions in the ever-changing financial landscape.



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    Latest episodes from UBS On-Air

    UBS On-Air: Paul Donovan Daily Audio 'The rate debate'

    Play Episode Listen Later Aug 29, 2025 2:51


    US July personal income and spending data is due. The middle income consumers' relatively strong starting point for the year has helped to sustain consumption, although political polarization has created some distortions in spending. Consumption remains the key focus for overall economic activity in the US this year.

    Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 45)

    Play Episode Listen Later Aug 28, 2025 9:41


    On this week's episode of Viewpoints, Burkhard reflects on and share takeaways from his UBS summits on longevity, and shares perspective around the connection between longer lives and rising markets. Plus, a look at where to find opportunity in the current environment.

    UBS On-Air: Paul Donovan Daily Audio 'The politics of debt'

    Play Episode Listen Later Aug 28, 2025 2:13


    The US provides another official estimate of second-quarter GDP. These numbers will be revised further in the future. Policy expectations distorted demand patterns for domestic consumers, but the relative strength of the middle-income US household balance sheet late last year provides a foundation for some consumer spending. Weekly continuing claims for unemployment insurance are a modest market focus.

    Talking Markets Podcast with Apollo Lupescu of Dimensional Fund Advisors

    Play Episode Listen Later Aug 27, 2025 23:41


    Apollo Lupescu is a Vice President at Dimensional Fund Advisors. We cover a wide range of top of mind topics for investors, including a look at the US macroeconomic environment, the road ahead for monetary policy, the impacts of US trade policy to economic activity, asset allocation views, and more. Host: Daniel Cassidy

    UBS On-Air: Paul Donovan Daily Audio '50% on'

    Play Episode Listen Later Aug 27, 2025 2:23


    US taxes on Indian imports doubled to 50%. US importers should pay the old tax rate on goods already en route to the US, delaying the effect. With full pass-through and no demand switching, the tax increase would add less than 0.1 percentage point to US consumer price inflation. However, the unpredictability of US trade policy affects global corporations as they manipulate their supply chains.

    Top of the Morning: CIO Strategy Snapshot - Jackson Hole takeaways

    Play Episode Listen Later Aug 26, 2025 16:31


    Jason reflects on last week's Jackson Hole Symposium, and speech delivered by Fed Chair Powell - we discuss what the speech suggests about the road ahead for monetary policy, and the market response. Plus, thoughts on overall market pricing as of late, and what investors have been focused on, along with a look at the latest asset allocation recommendations from CIO, per the latest UBS House View. Featured is Jason Draho, Head of Asset Allocation Americas, UBS Chief Investment Office. Host: Daniel Cassidy

    UBS On-Air: Paul Donovan Daily Audio 'Scapegoating the Federal Reserve'

    Play Episode Listen Later Aug 26, 2025 3:00


    US President Trump issued a letter purporting to fire Federal Reserve Governor Cook—an unprecedented action. After recent comments, investors will inevitably view this as an assault on Fed independence. There are obstacles—Trump already appointed a majority of Fed governors, without changing policy independence. If the dismissal survives the courts, the Senate must confirm any successor. Fed presidents still have policy votes. Faith in these checks may limit the negative market reaction.

    UBS On-Air: Paul Donovan Daily Audio 'A standard Powell speech'

    Play Episode Listen Later Aug 25, 2025 2:26


    Federal Reserve Chair Powell's speech at Jackson Hole last week was classic Powell. That is not a terribly good thing. Powell signaled an increased probability of a September rate cut to counter the damage of trade taxes on the US economy. Markets liked that. But this was essentially the “data dependent” mantra padded with additional rhetoric.

    Ahead of the curve with Ulrike Hoffmann-Burchardi

    Play Episode Listen Later Aug 25, 2025 5:21


    Tune in every Monday morning ahead of the New York opening bell as Ulrike Hoffmann-Burchardi, CIO Americas and Head of Global Equities for UBS Wealth Management, briefs you on the most important market drivers in the week ahead, along with opportunities beyond the consensus. This week - NVIDIA's earnings on Wednesday.

    Talking Markets Podcast with Dan Peris of Federated Hermes

    Play Episode Listen Later Aug 22, 2025 16:50


    Dan Peris is a Senior Portfolio Manager, and Head of the Income and Value Group at Federated Hermes and has authored several books that are focused on equity investing. Dan joins the 1285 studio in New York to share his thoughts on the current landscape for dividend equity investing, including a look at positioning considerations, and risks. We also discuss the benefits of geographic diversification for equity investors, along with highlight investment themes. Host: Daniel Cassidy

    UBS On-Air: Paul Donovan Daily Audio 'A reluctant defense of Powell'

    Play Episode Listen Later Aug 22, 2025 2:50


    In my view, central bank policy would have been better served had US President Trump extended former Fed Chair Yellen's term instead of appointing Powell. Powell has lacked confidence, and failed to articulate a medium-term vision for the economy at a time of uncertainty caused by structural change. The resulting mantra of “data dependency” has not been helpful as data has very obviously become significantly less reliable.

    UBS On-Air: Paul Donovan Daily Audio 'In what can we trust?'

    Play Episode Listen Later Aug 21, 2025 2:28


    The Federal Reserve meeting minutes offered no surprise—a majority of members thought inflation a bigger threat than unemployment, which was obvious given the vote. US President Trump called for a Democrat-appointed Fed governor to resign. In the broader context, investors may worry about whether the Fed still has the appearance of being independent. In a fiat currency system, trust is key and even the appearance of undermining independent policy or data is dangerous—in this case, also threatening the US dollar's reserve role.

    Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 44)

    Play Episode Listen Later Aug 20, 2025 10:03


    On this week's episode of Viewpoints, Burkhard reflects on last Friday's Alaska summit and how investors should link about peace efforts for Ukraine and the region. We also preview this week's Jackson Hole symposium where Fed Chair Jerome Powell will focus on the themes of changing demographics, productivity and macroeconomic policy. Plus, a preview of an upcoming investor summit in Switzerland which will be hosted by Burkhard.

    UBS On-Air: Paul Donovan Daily Audio 'Inflation, disinflation, and deflation'

    Play Episode Listen Later Aug 20, 2025 2:53


    The UK actually managed to publish some data without delay or suspension. July inflation rates were slightly higher than expected, although disinflation forces are also evident. A 30.2% monthly increase in airfares did much to push the figures higher. This is almost certainly a seasonal adjustment distortion related to school holidays.

    UBS On-Air: Paul Donovan Daily Audio 'Nothing'

    Play Episode Listen Later Aug 19, 2025 2:13


    The global data calendar is unusually empty today, allowing investors a chance to speculate idly without any substantial information. This is particularly dangerous in the social media world of hashtag economics—fake news can spread faster and farther than the truth.

    Top of the Morning: CIO Strategy Snapshot - Data concerns of a different sort

    Play Episode Listen Later Aug 18, 2025 18:18


    Jason drops by to reflect on the recent July inflation prints and what the data suggests about the inflationary environment in the US. We also address concerns about potential political interference in producing economic data, preview Chair Jay Powell's speech at Jackson Hole, and review CIO's investment recommendations. Featured is Jason Draho, Head of Asset Allocation Americas, UBS Chief Investment Office. Host: Daniel Cassidy

    UBS On-Air: Paul Donovan Daily Audio 'Wars and trade wars'

    Play Episode Listen Later Aug 18, 2025 2:40


    Market reactions to Friday's events in Alaska are likely to be muted. The Russia-Ukraine war is not producing many market significant outcomes. While US President Trump seems to be following Russian President Putin's lead at the moment, the changeable nature of administration policy means investors are not likely to take any direction as certain.

    Ahead of the curve with Ulrike Hoffmann-Burchardi

    Play Episode Listen Later Aug 18, 2025 4:21


    Tune in every Monday morning ahead of the New York opening bell as Ulrike Hoffmann-Burchardi, CIO Americas and Head of Global Equities for UBS Wealth Management, briefs you on the most important market drivers in the week ahead, along with opportunities beyond the consensus. This week – progress on Russia-Ukraine peace talks, key retail earnings, and remarks from Fed Chair Powell.

    Fixed Income Conversation Corner with Scott DiMaggio (AllianceBernstein) and Leslie Falconio (UBS CIO)

    Play Episode Listen Later Aug 15, 2025 21:42


    Our conversation outlines the current landscape for fixed income investors, and where to locate opportunity within the asset class. We also touch on an outlook for monetary policy, rates and the macro environment. Featured are Scott DiMaggio, Head of Fixed Income with AllianceBernstein, and Leslie Falconio, Head of Taxable Fixed Income Strategy Americas with the UBS Chief Investment Office. Host: Daniel Cassidy

    UBS On-Air: Paul Donovan Daily Audio 'Up and down the supply chain'

    Play Episode Listen Later Aug 15, 2025 3:34


    While official US July producer price inflation numbers were higher than expected, the signs of the progression of trade taxes were as expected. Supply chains have become longer and more complex—trade taxes progress down supply chains over months, not days. Rising producer prices without rising consumer prices does not automatically mean profits are being squeezed—it means goods in stores represent pre-tariff production, but goods at factory gates are increasingly using tariffed inputs.

    Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 43)

    Play Episode Listen Later Aug 14, 2025 10:23


    On this week's episode of Viewpoints, Burkhard shares thoughts on how key forces such as the labor market, inflation, and political pressure are shaping the Fed's decision making on monetary policy, along with how this year's dollar-decline compares to previous declines. Plus, guidance when it comes to navigating turbulent markets.

    UBS On-Air: Paul Donovan Daily Audio 'Stories versus reality'

    Play Episode Listen Later Aug 14, 2025 2:29


    UK second-quarter GDP was stronger than expected. The numbers will of course be subject to revision (and lots of revision), but for the time being this rather confounds the insistent negative narrative. Growth seems to have been focused toward the end of the quarter.

    Top of the Morning: POTUS 47 - Another brick in the tariff wall

    Play Episode Listen Later Aug 13, 2025 18:15


    Kurt rejoins in-studio for the latest POTUS 47 update where we discuss the developments surrounding US trade policy, concerns over Fed autonomy, and geopolitical points of interest - how these factors have been impacting the markets and shaping the investment outlook. Featured is Kurt Reiman, Head of Fixed Income Americas, UBS Chief Investment Office. Host: Daniel Cassidy

    UBS On-Air: Paul Donovan Daily Audio 'Seeping taxes, suspending data'

    Play Episode Listen Later Aug 13, 2025 3:07


    Yesterday's July US consumer price inflation data showed trade taxes seeping into prices. US appliance prices are higher than in March—in most other major economies, they are lower. Tire prices leapt in July. Auto prices are not reflecting tariffs, but that was not likely—cars arriving as late as June would have been tariff exempt, and from dockside to car lot takes up to six months. Pre-tax auto inventory is currently being sold.

    Top of the Morning: Fixed Income Strategist - Back to school prep

    Play Episode Listen Later Aug 12, 2025 14:16


    In this month's Fixed Income Strategist, we review foundational elements of the fixed income market and outline rationale for maintaining a diversified approach within the asset class. Featured are Leslie Falconio, Head of Taxable Fixed Income Strategy Americas, & Barry McAlinden, Senior Fixed Income Strategist Americas, UBS Chief Investment Office. Host: Carli Torres

    head prep back to school fixed income strategist
    UBS On-Air: Paul Donovan Daily Audio 'Can US inflation be hedged? '

    Play Episode Listen Later Aug 12, 2025 3:01


    US July consumer price inflation is due. The details will show more of the April trade taxes seeping into consumer prices—although a 10% tariff equates to around a 4% consumer price increase, and service prices should be largely unaffected. This data is less reliable than that released just six months ago—not because of political bias, but because funding cuts mean fewer price points are measured.

    Top of the Morning: CIO Strategy Snapshot - Macro thoughts

    Play Episode Listen Later Aug 11, 2025 19:03


    As markets continue to shrug off risk factors, Jason shares thoughts on the current environment and how to position within. We discuss the week's notable macro data releases, spanning inflation readings to retail sales, the potential policy impacts of recent Fed personnel changes, along with share an outlook for gold. Featured is Jason Draho, Head of Asset Allocation Americas, UBS Chief Investment Office. Host: Daniel Cassidy

    UBS On-Air: Paul Donovan Daily Audio 'A chaotic trade tax process'

    Play Episode Listen Later Aug 11, 2025 2:25


    The US administration has promised to clarify “misinformation” about trade taxes on gold following an official ruling from customs officials suggesting US buyers of certain gold bars have been taxed since 9 April. That could potentially include some of the gold now covering the walls of the White House's oval office. Investors suppose a clarification means a repudiation of the ruling. This rather chaotic process might make investors suppose the details of trade taxes had not been properly thought through, but that would be unthinkable for so important a policy position.

    Ahead of the curve with Ulrike Hoffmann-Burchardi

    Play Episode Listen Later Aug 11, 2025 4:52


    Tune in every Monday morning ahead of the New York opening bell as Ulrike Hoffmann-Burchardi, CIO Americas and Head of Global Equities for UBS Wealth Management, briefs you on the most important market drivers in the week ahead, along with opportunities beyond the consensus. This week – key macro releases, including CPI, Retail Sales, and Industrial Production data, along with the remains of the Q2 corporate earnings season.

    House Call: Talking Equity Markets with UBS Asset Management

    Play Episode Listen Later Aug 8, 2025 22:50


    Join Jeremy Zirin, Senior Portfolio Manager and Head of the Private Client US Equity Team with UBS Asset Management, as he shares a performance update for US equities at the midpoint of 2025. We also cover an outlook for the US economy, the ongoing impact of artificial intelligence to US equities, along with a look at equity sector themes. Host: Daniel Cassidy. Recorded on 25.07.24

    UBS On-Air: Paul Donovan Daily Audio 'All that's gold does not glitter'

    Play Episode Listen Later Aug 8, 2025 2:47


    The Financial Times reports that the US has declared imports of one kilogram and 100 ounce bars of gold are subject to trade taxes. If true, US citizens who tried to hedge the inflation impact of US President Trump's trade taxes by buying gold bars must pay those same taxes on their hedge. The ruling suggests gold imported between 9 April and 7 August was subject to tariff, underscoring how tariffs work. Gold importers are liable, and they (not exporters) will be pursued in the courts if they do not pay the tax. Holders of gold futures, etc. would not be subject to trade taxes.

    Top of the Morning: Preferred yields not wilting in the market heat

    Play Episode Listen Later Aug 7, 2025 12:31


    A look at the performance landscape and outlook for preferred securities through 2H25, including a review of sector risks and opportunities. Featured is Frank Sileo, Senior Fixed Income Strategist Americas, UBS Chief Investment Office. Host: Daniel Cassidy

    UBS On-Air: Paul Donovan Daily Audio 'Trading around the US'

    Play Episode Listen Later Aug 7, 2025 3:01


    US manufacturers live in confusing times. Alongside the widespread increases in taxes on imports that took effect this morning, US President Trump suggested a 100% tax on imports of microchips. However, in a maneuver that was less a retreat and more a pirouette, these taxes will not apply to imports from some specific companies, including some of the largest exporters to the US. That blunts the cost of the tax and tilts this toward spin rather than substance, but increases the paperwork associated with doing business in the US.

    Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 42)

    Play Episode Listen Later Aug 6, 2025 10:15


    On this week's episode of Viewpoints, Burkhard shares thoughts on a range of timely topics, including ongoing tariff negotiations, July US payroll data, along with shakeups at the US Bureau of Labour Statistics and Fed Board of Governors. Plus, a look at the challenges facing health care companies, and highlights from a cycling journey through Denmark.

    Top of the Morning: CEO Macro Briefing Book - Themes for 2H25

    Play Episode Listen Later Aug 6, 2025 9:18


    Paul drops by the studio to outline the key themes that business owners should be mindful of throughout 2H25. We also cover the evolving macroeconomic environment, and discuss what a lower rate environment could mean for business owners. Featured is Paul Hsiao, Asset Allocation Americas, UBS Chief Investment Office. Host: Daniel Cassidy

    UBS On-Air: Paul Donovan Daily Audio 'Domestic demand drivers'

    Play Episode Listen Later Aug 6, 2025 2:41


    There is apparently a shortlist of four for the position of next governor of the Federal Reserve, and prospective nominee to be chair of the board of governors. US Treasury Secretary Bessent is not on the short-list. The question is whether anyone nominated can possibly shake off the perception of being a political puppet.

    Top of the Morning: The lines separating developed and emerging markets are blurring

    Play Episode Listen Later Aug 5, 2025 9:01


    What differentiates an emerging market from a developed one? Alejo drops by the studio to explain, as the lines separating developed and emerging markets are blurring. Plus, a look at related investment implications for emerging market investors. Featured is Alejo Czerwonko, CIO for Emerging Markets Americas, UBS Chief Investment Office. Host: Daniel Cassidy

    UBS On-Air: Paul Donovan Daily Audio 'The bigger picture on trade'

    Play Episode Listen Later Aug 5, 2025 2:53


    The US June trade balance is due—measuring both goods and services. For some bilateral relationships (e.g. trade with the EU), the US goods deficit is almost entirely offset by a services surplus. Goods export patterns have been distorted by the anticipation of trade taxes, and to some extent by boycotts of US goods. It is unlikely that there will be any evidence of tariffs transforming the US into an export powerhouse.

    Across the Pond: What a weaker greenback means for global investors

    Play Episode Listen Later Aug 4, 2025 26:23


    The US dollar has suffered its sharpest first-half decline in over 50 years, raising questions about its safe-haven status and long-term dominance. We explore the drivers behind the dollar's slide, the implications for international portfolios, and why now is the time for investors to review and diversify their currency exposures. Join Dominic Schnider, Head CIO Global FX & Commodity, and Constantin Bolz, CIO FX Strategist, for a discussion with co-hosts Christopher Swann and Belinda Peeters.

    Top of the Morning: CIO Strategy Snapshot - Where to from here?

    Play Episode Listen Later Aug 4, 2025 12:42


    Coming off what was an eventful week for investors (in unexpected ways), and combined with a notable selloff in US equities, Jason drops by to weigh in as to where markets may be headed from here (and whether persistent market volatility should be expected). We recap last week's, FOMC meeting, July Jobs report (and revisions), Q2 earnings, and a key Fed resignation. Featured is Jason Draho, Head of Asset Allocation Americas, UBS Chief Investment Office. Host: Daniel Cassidy

    UBS On-Air: Paul Donovan Daily Audio 'Fragility'

    Play Episode Listen Later Aug 4, 2025 3:11


    Last Friday's US employment report revisions were in line with a fragile labor market narrative. The story is still “not hiring, not firing.” Falling manufacturing employment is consistent with policy uncertainty. The most troubling development on Friday was not the data, but US President Trump firing the Bureau of Labor Statistics commissioner.

    Ahead of the curve with Ulrike Hoffmann-Burchardi

    Play Episode Listen Later Aug 4, 2025 4:57


    Tune in every Monday morning ahead of the New York opening bell as Ulrike Hoffmann-Burchardi, CIO Americas and Head of Global Equities for UBS Wealth Management, briefs you on the most important market drivers in the week ahead, along with opportunities beyond the consensus. This week - US initial jobless claims data, continued Q2 earnings results, and further potential trade developments.

    Top of the Morning: July Jobs Report, FOMC takeaways, & the week ahead

    Play Episode Listen Later Aug 1, 2025 10:14


    We close out a busy macro week by examining the current health of the US labor market, and what the July Jobs Report might mean for the course of monetary policy. We also recap this week's FOMC meeting and press conference, unpack the Q2 US GDP print, and preview what you can expect in the week ahead. Featured is Danny Kessler, Asset Allocation Americas, UBS Chief Investment Office. Host: Shiavon Chatman

    UBS On-Air: Paul Donovan Daily Audio 'The taxation burden descends'

    Play Episode Listen Later Aug 1, 2025 3:02


    The global economy is reverberating with the dull thud of the yoke of taxation dropping onto the shoulders of US consumers. These taxes do not show up in consumer baskets with full force until January next year—the question is whether the courts will overturn these taxes before then. If they do (forcing the government to return tax revenues to the US supply chain), it is possible US consumers will never fully appreciate the costs.

    Talking Markets Podcast with Patricia Zobel of Guggenheim Partners

    Play Episode Listen Later Jul 31, 2025 18:21


    Patricia Zobel serves as Head of Macroeconomic Research and Market Strategy for Guggenheim Partners Investment Management, and previously served as an executive at the Federal Reserve Bank of New York (New York Fed). Patricia rejoins the podcast to share perspective on a range of topics, spanning an outlook for the US economy, US trade policy, Fed independence, and the direction of monetary policy. We also spend time on allocation preferences. Host: Daniel Cassidy

    UBS On-Air: Paul Donovan Daily Audio 'US inflation in isolation'

    Play Episode Listen Later Jul 31, 2025 2:50


    The Federal Reserve offered no surprises on rates. Fed Chair Powell tried to present the two dissenting views as being rationally based, but investors are bound to suspect that the rationale amounted to little more than an excited jumping up and down and shouting “pick me, pick me” in the general direction of the White House. The press conference gave a slightly hawkish tone in anticipating the trade tax inflation yet to come.

    UBS On-Air: Paul Donovan Daily Audio 'Perceptions of political puppeteering'

    Play Episode Listen Later Jul 30, 2025 2:53


    The Federal Reserve meets to decide interest rates—over a hundred economists expect no change. The question is whether one can credibly disagree, without appearing as a political puppet. A case can be made for rate cuts (if one views US President Trump's trade taxes as a heavier burden on US consumers). However, even if a Fed member sincerely believes that scenario, their dissent would almost inevitably be viewed as Trump twitching the political puppet strings in the background.

    UBS On-Air: Paul Donovan Daily Audio 'The data in focus'

    Play Episode Listen Later Jul 29, 2025 2:58


    The US June trade balance is due—a number once overlooked but which politics has made it matter. Are international investors rushing to buy more US-made products? They are not (Canadians seem to be rushing in the other direction). Are US consumers less inclined to buy foreign goods? Probably not—even as late as June, some imports will not yet be hit with trade taxes. The euro has weakened, allegedly in response to concerns about the economic implications of the trade “deal”; but we still lack “deal” details, and the reaction of US companies will also matter to the EU economic outlook.

    Top of the Morning: CIO Strategy Snapshot - The Great Risk Transfer

    Play Episode Listen Later Jul 28, 2025 19:18


    Jason drops by the studio to preview a busy week that includes an abundance of Q2 earnings results, the July FOMC meeting, and the July employment report. We also reflect on recent trade news involving the EU and Japan, and what it all means for tariffs going forward. Plus, a look at CIO's latest positioning recommendations, and thoughts on how a big structural risk shift in the private sector is being masked by a relative market calm. Featured is Jason Draho, Head of Asset Allocation Americas, UBS Chief Investment Office. Host: Daniel Cassidy

    UBS On-Air: Paul Donovan Daily Audio 'Bad news or good news?'

    Play Episode Listen Later Jul 28, 2025 2:56


    The EU and the US agreed that US consumers should pay more tax—levied at 15% for imports from the EU. EU President von der Leyen made vague pledges to buy stuff from and invest in the US, without the necessary authority to make those pledges reality. Pharmaceuticals and steel seem to be excluded from this deal. The result is better for the US economy than the worst-case scenario, but worse for the US economy than the situation in January this year—but it is bad news markets have probably anticipated.

    Ahead of the curve with Ulrike Hoffmann-Burchardi

    Play Episode Listen Later Jul 28, 2025 5:52


    Tune in every Monday morning ahead of the New York opening bell as Ulrike Hoffmann-Burchardi, CIO Americas and Head of Global Equities for UBS Wealth Management, briefs you on the most important market drivers in the week ahead, along with opportunities beyond the consensus. This week – Mega-tech Q2 earnings results continue, the FOMC meeting and rate decision, further potential trade developments ahead of the Aug 01 deadline, and the July employment report.

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