Podcasts about Charles Schwab

Ellevest CIO Sylvia Kwan talks about the results of the Women's Financial Health Index and describes the shifts she's seen in women's investing habits, goals, and priorities Women are about to become the recipients of the greatest wealth transfer in history, and yet only 37% of women invest compared to 63% of men. In this episode, Ellevest CIO Sylvia Kwan reflects on some of the key findings in her company's recent Women's Financial Health Index. Sylvia also discusses the trends she's noticed among women when it comes to values-aligned investing, and she explains how this shift will have major implications for the future of the financial services industry.  Sylvia Kwan is the Chief Investment Officer at the woman-first financial company Ellevest. Dr. Kwan is a CFA charterholder with a PhD in engineering economic systems from Stanford and a BS in computer science and applied math from Brown. With more than 30 years of experience, she's held positions at Charles Schwab and Financial Engines. Key Insights: Sylvia's own journey as a woman in finance The benefits of illiquid investments Ellevest Women's Financial Health Index findings Impact investing is the future Changing demographic values Why community is vital for this movement Subscribe to this podcast to build your healthy financial foundation through expertise, insights, strategies, tactics, wisdom, and inspiration from Alpha Investing's community of professionals, advisors, investors, and members: Apple - Spotify - Google - TuneIn - Stitcher - iHeartRadio   Guest Bio: Sylvia Kwan is the Chief Investment Officer at the woman-first financial company Ellevest. Dr. Kwan is a CFA charterholder with a PhD in engineering economic systems from Stanford and a BS in computer science and applied math from Brown. With more than 30 years of experience, she's held positions at Charles Schwab and Financial Engines. Resources: Real Wealth Real Health Alpha Investing podcast@alphai.com Ellevest Ellevest Women's Financial Health Index Connect with Sylvia on LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices

One of my favorite parts of hosting this podcast are moments when my guests say, “I wasn't planning on talking about this!” We had many moments like this with Erica Goode. You'll be surprised how many lessons can be found in a small rural town!In this episode, we talk about the importance of being you, no matter how different that makes you. Erica also breaks down the differences between men and women when it comes to money, and you may be surprised by the answer. Listen and be inspired to flip the narrative of fitting in and step into the other side of your fears.  Tangible Takeaways:Transfer that energy away from trying to be who people think you're supposed to be and work on being yourself! There is someone who is looking for who you are.Embrace being different.You have the same education and knowledge about money as men do. Ask your questions when you want answers.Afraid of being wrong? Find the courage to speak up and step out, find out what's on the other side. You'll discover there is less to fear and more to gain!Follow your heart: give yourself permission to create your own path. About Erica:Erica Goode has been a Certified Public Accountant since 2008.  She's a former Director of Finance at a Fortune 50 company and started her career in the trenches as an auditor at a Big 4 public accounting firm.  After leaving her corporate life in 2016, she now runs a boutique accounting firm supporting coaches and consultants with accounting and CFO services.Erica is also the mom of 2 and the wife of a fellow CPA.  She lives with her family in the mountains of Idaho, just one town over from where they grow all the potatoes. Connect with Erica:Instagram: https://www.instagram.com/erica.Goode.CPA/LinkedIn: https://www.linkedin.com/in/erica-goode-cpa-00205616/Website: https://www.ericagoode.com/Podcast: https://www.ericagoode.com/podcastAbout me:Karen Laos is a keynote speaker and leadership coach equipping women to stand out with unshakable confidence. She specializes in communication: executive presence and compelling messages. Karen champions female business leaders to own their value and find their voice so they can be seen and heard. She also works with teams to create cultures of trust and function at their best.Karen has coached leaders at Facebook, Google, Netflix, Uber, Sephora, Sony, Microsoft, Fidelity, Charles Schwab, Trip Advisor, Bacardi, Levi, and more. Karen's style is fun, encouraging and results-oriented. She immediately moves past the “fluff” and gets straight to the issue (just ask her clients). Connect with me:Website: https://www.karenlaos.com/Instagram: https://www.instagram.com/karenlaosofficial Facebook: Ignite Your Confidence with Karen Laos: https://www.facebook.com/groups/karenlaosconsultingLinkedIn: https://www.linkedin.com/in/karenlaos/Clubhouse: @karenlaosEpisodes also available on YouTube:https://www.youtube.com/channel/UCEwQoTGdJX5eME0ccBKiKng/videosMy book “Trust Your Own Voice”: https://karenlaos.com/book/

Stocks were range-bound in Tuesday trading as investors awaited a key speech Wednesday from Fed Chair Powell. Oakmark Portfolio Manager Bill Nygren joins with his top picks in this environment, and his thoughts on Bob Iger's return to Disney. Liz Ann Sonders from Charles Schwab breaks down her brand new outlook for 2023. Meantime the latest housing data showed another slowdown in single family home prices. The CEO of homebuilder Taylor Morrison shares her expectations for real estate demand and her thoughts on the rental market. Plus the latest on Apple, the Kroger-Albertsons deal, and the head of the National Retail Federation on holiday shopping.

In this special episode, we hear the story of Mary Anne. Mary Anne and her twin sister Virginia were very close growing up. But as they pursued different careers, they lived on different sides of the country. After her sister's untimely passing, how did Mary Anne find a way to honor her sister's memory?The event that Mary Anne organized benefited one of her sister's favorite organizations, the Hingham Historical Commission.Follow Financial Decoder for free on Apple Podcasts or wherever you listen.Financial Decoder is an original podcast from Charles Schwab.If you enjoy the show, please leave us a rating or review on Apple Podcasts.Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.Schwab CharitableTM is the name used for the combined programs and services of Schwab Charitable Fund™, an independent nonprofit organization, which has entered into service agreements with certain subsidiaries of The Charles Schwab Corporation.These testimonials, statements, and opinions are given by the individual(s) based solely on the person's experience with Schwab Charitable Fund, not with any services offered by a third party, and may not be representative of the experiences of other advisors or clients. The testimonials are voluntarily provided and no compensation, free products or services, or any benefits were given in exchange for the testimonials. They are not indicative of future programs, services, performance, or success. Some statements have been edited.Market fluctuations may cause the value of investment fund shares held in a donor-advised account to be worth more or less than the value of the original contribution to the funds.Mary Anne is a client of both Schwab and Schwab Charitable and was not compensated by Schwab for their comments. The experience described may not be the experience of all clients and is no guarantee of future performance or success.Hingham Historical Commission is not affiliated with Schwab.(1122-2T6J)

  What do Kobe Bryant, Steph Curry, and Kevin Durant all have in common? All have worked with today's guest, Alan Stein Jr., in some way. As a matter of fact, Alan has coached or worked with some of the highest-performing athletes, executives, and companies in the world on the topics of leadership and high performance.    You are going to love today's conversation, which includes the following: - Why did Kobe Bryant train at 4 am, and what was his routine and mindset that defined the “Mamba Mentality.” - 3 traits that unite all high-performing leaders. - Top 4 ways to break out of stagnation. - What causes burnout, and how to prevent it. This includes Alan's 5 specific ways to overcome burnout.  - Alan's top hacks in the morning AND the evening for peak performance.  - Change, why it's hard, and HOW to make the changes necessary to improve performance. - ENERGY and how to manifest your highest and best energy.  - MINDSET hacks to up your performance immediately.   Today's IMPACT SHOW episode is for anyone who loves the world of “high performance” and wants an immediate uptick of positivity & mindset. Regardless of your industry, what you do for a living or your age, if you want to maximize your potential and live your BEST life, this episode is for you.   If you find value in today's SHOW, can you please do two things for us: - Give us a 5-star rating on iTunes and write a glowing review. It really helps the IMPACT SHOW podcast spread more motivation, inspiration, and IMPACT. - Please share it on your social media. This allows more fire-breathing dragons to receive some high-octane fuel for their mindset.    Don't forget to tag us:  IG & Twitter @ToddDurkin @alansteinjr #Ep277 #ToddDurkin #IMPACTSHOW     About Alan Stein Jr.:    Alan Stein, Jr. is an experienced keynote speaker and author. At his core, he's a performance coach with a passion for helping others change their behaviors. He spent 15+ years working with the highest-performing basketball players on the planet (including NBA superstars Kevin Durant, Steph Curry, and Kobe Bryant). Through his customized programs, he transfers his unique expertise to maximize both individual and organizational performance.   Alan is a dynamic storyteller who delivers practical, actionable lessons that can be implemented immediately. He teaches proven principles on how to utilize the same approaches in business that elite athletes use to perform at a world-class level. His previous clients include American Express, Pepsi, Sabra, Starbucks, Charles Schwab, Penn State Football, and many more.   The strategies from Alan's 2 books, “Raise Your Game: High-Performance Secrets from the Best of the Best” & “Sustain Your Game: High-Performance Keys to Manage Stress, Avoid Stagnation, and Beat Burnout” are implemented by both corporate and sports teams around the world.   Alans Websites: www.alansteinjr.com  and www.strongerteam.com     Available NOW!!!!! God-Sized Dreams Planner 2023 & My first-ever IMPACT JOURNAL 20% OFF until December 4th!!   My 2023 God-Sized Dreams Planner is NOW available. It is BIGGER, BETTER, and even MORE ROBUST than last year. I made 8 “big” changes/improvements to it, and I'm really excited about it.   Additionally, after years of asking for one, I have also created my first-ever IMPACT JOURNAL. This daily journal includes my most powerful prompts for a 5-minute morning journal routine and a 5-minute evening journal routine. If you journal for a combined 10 minutes a day, I guarantee it will help you DOMINATE YOUR DAY.   These are both available now. Be ready to get them while supplies last!! These “brother & sister” products are mandatory for you and also make great gifts for those special people in your life.    The “IMPACT JOURNAL” & “God-Sized Dreams Planner 2023” make GREAT GIFTS for the holidays!!!   Get 20% off through December 4th, and for orders of 10 (Bulk) or more, you get 30% off until they run out!     GSD Planner + IMPACT JOURNAL Landing Page     Are you a Trainer, Coach, or Fitness Business Owner seeking to make even more IMPACT in your business & life? Be a part of my Todd Durkin Mastermind for Fit-Pros Now!   Are you a trainer, coach, or fitness business owner seeking to make a massive IMPACT in your business & life and would like to be coached to your full potential? Level up today with my “Best in Class” MASTERMIND program for fitness professionals. I invite you to connect, share, and grow with the fitness industry's top coaches, trainers, and entrepreneurs.    The Todd Durkin MASTERMIND is for passionate and purpose-driven fitness professionals who want to create success & significance in their personal and professional lives and want to be coached by Todd and surrounded by some of the brightest, sharpest, and most passionate trainers on the planet.   If that sounds like you, visit: ToddDurkinMastermind.com to sign-up for the INSTITUTE Level or email Frank Pucher, DIrector of Todd Durkin Mastermind, at  frankpucher1112@gmail.com for a FREE CLARITY CALL today.       Join my TD Community for FREE: Simply text me “IMPACT” to (619) 304.2216 and you are on your way to receiving exclusive content and even more motivation & inspiration. Sign-up TODAY!     Please keep your questions coming so I can highlight you on the podcast!!  If you have a burning question and want to be featured on the IMPACT show, go to www.todddurkin.com/podcast, fill out the form, and submit your questions!      Don't forget that if you want more keys to unlock your potential and propel your success, you can order my book GET YOUR MIND RIGHT at www.todddurkin.com/getyourmindright or anywhere books are sold.   Get Your Mind Right now available on AUDIO: https://christianaudio.com/get-your-mind-right-todd-durkin-audiobook-download     Want more Motivation and Inspiration? Sign up for my newsletter, The TD Times, that comes out on the 10th of every month and is full of great content. Sign-up here…  www.todddurkin.com     ABOUT:   Todd Durkin is one of the world's leading coaches, trainers, and motivators. It's no secret why some of the world's top athletes have trained with him for nearly two decades. He's a best-selling author and a motivational speaker and founded the legendary Fitness Quest 10 in San Diego, CA. He currently coaches fellow trainers, coaches, and life-transformers in his Todd Durkin Mastermind group. Here, he mentors and shares his 25 years of wisdom in the industry on business, leadership, marketing, training, and personal growth.   Todd was a coach on the NBC & Netflix show “STRONG.” He's a previous Jack LaLanne Award winner, a 2-time Trainer of the Year. Todd and his wife Melanie head up the Durkin IMPACT Foundation (501-c-3) which has raised over $250,000 since it started in 2013. 100% of all proceeds go back to kids and families in need. https://todddurkin.com/impact-foundation/   To learn more about Todd, visit www.ToddDurkin.com and www.FitnessQuest10.com.   Join his fire-breathing dragons' community and receive regular motivational and inspirational emails. Visit  www.ToddDurkin.com and opt-in to receive his value-rich content.   Connect with Todd online in the following places: You can listen to Todd's podcast, The IMPACT Show, by going to www.todddurkin.com/podcast.   You can get any of his books by clicking here!  (Get Your Mind Right, WOW BOOK, The IMPACT Body Plan, What's Next?)

Subscribe: Apple Podcasts | Spotify | Stitcher | Overcast Support the Show. Get the AudioBook! AudioBook: Audible| Kobo| Authors Direct | Google Play | Apple Summary Hey everyone. Stay tuned to the end of the interview where I'll give you some actionable insights that I learned from my guest. These insights are also in the show notes. As always, thanks for listening. Now on to my guest for today, Aliza Knox, a "non-executive" director, former executive at financial services and tech companies, and author of Don't Quit Your Day Job: The 6 Mindshifts You Need to Rise and Thrive at Work. Aliza characterizes herself as "an American with a sense of adventure." She's lived in Australia and now makes her home in Singapore. Aliza explains that she's gone through three stages, which she likens to software upgrades: 1.0 was her work at financial services companies like Charles Schwab and Visa; 2.0 was as an executive in sales and operations at Google, Twitter and Cloudflare, and 3.0, where she is currently, is taking all she learned and helping others while spending time doing things she loves.  Aliza wrote Don't Quit Your Day Job after experiences mentoring others. People regularly seek her out for advice on their professional lives. She's distilled some of her wisdom and insight into the book, organized around six mindshifts. Using stories from the people she's helped, she illustrates ways ambitious professionals can shift their perspectives in order to get to where they want to go.  Now, let's get better together. Actionable Insights Aliza recommends that entrepreneurs as well as professionals looking to climb the ladder assemble a team of advisors, your own personal board of directors. Friends and family provide moral support, but your advisors can better provide perspective and advice that will genuinely help you move forward.  Aliza believes a diversity of perspectives is important for boards in business. Diversity in external characteristics is a "proxy" for this.  Aliza shares her "equation" for success: Stamina = Perseverance + Enthusiasm.  Grit can only carry so far. Finding passion for what you're doing will keep you going.   Links to Explore Further Aliza Knox website Aliza Knox on LinkedIn Forbes column Aliza Knox on Twitter Keep In Touch Book or Blog or Twitter or LinkedIn or JSYPR Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this special episode, we hear the story of Mary Anne. Mary Anne and her twin sister Virginia were very close growing up. But as they pursued different careers, they lived on different sides of the country. After her sister's untimely passing, how did Mary Anne find a way to honor her sister's memory?The event that Mary Anne organized benefited one of her sister's favorite organizations, the Hingham Historical Commission.Follow Financial Decoder for free on Apple Podcasts or wherever you listen.Financial Decoder is an original podcast from Charles Schwab.If you enjoy the show, please leave us a rating or review on Apple Podcasts.Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.Schwab CharitableTM is the name used for the combined programs and services of Schwab Charitable Fund™, an independent nonprofit organization, which has entered into service agreements with certain subsidiaries of The Charles Schwab Corporation.These testimonials, statements, and opinions are given by the individual(s) based solely on the person's experience with Schwab Charitable Fund, not with any services offered by a third party, and may not be representative of the experiences of other advisors or clients. The testimonials are voluntarily provided and no compensation, free products or services, or any benefits were given in exchange for the testimonials. They are not indicative of future programs, services, performance, or success. Some statements have been edited.Market fluctuations may cause the value of investment fund shares held in a donor-advised account to be worth more or less than the value of the original contribution to the funds.Mary Anne is a client of both Schwab and Schwab Charitable and was not compensated by Schwab for their comments. The experience described may not be the experience of all clients and is no guarantee of future performance or success.Hingham Historical Commission is not affiliated with Schwab.(1122-2T6J)

Meetings don't have to be boring and dull. Grab these practical tips to help you lead with efficiency and credibility.Tangible Takeaways:Ask open-ended questions. Close-ended questions prescribe their answers. You want to give space for new ideas and perspectives.Be aware that you're typically navigating two conversations at work: one for discovery, one for action. You want to be aligned so you all know which kind of meeting it is!Stay focused! If you notice rambling or tangents, pause and assess if this is helpful. If it isn't, move on.End the meeting with action steps, and better yet: email them later! By making sure you have these in writing, it will ensure follow through and accountability. About me:Karen Laos is a keynote speaker and leadership coach equipping women to stand out with unshakable confidence. She specializes in communication: executive presence and compelling messages. Karen champions female business leaders to own their value and find their voice so they can be seen and heard. She also works with teams to create cultures of trust and function at their best.Karen has coached leaders at Facebook, Google, Netflix, Uber, Sephora, Sony, Microsoft, Fidelity, Charles Schwab, Trip Advisor, Bacardi, Levi, and more. Karen's style is fun, encouraging and results-oriented. She immediately moves past the “fluff” and gets straight to the issue (just ask her clients). Connect with me:Website: https://www.karenlaos.com/Instagram: https://www.instagram.com/karenlaosofficial Facebook: Ignite Your Confidence with Karen Laos: https://www.facebook.com/groups/karenlaosconsultingLinkedIn: https://www.linkedin.com/in/karenlaos/Clubhouse: @karenlaosEpisodes also available on YouTube:https://www.youtube.com/channel/UCEwQoTGdJX5eME0ccBKiKng/videosMy book “Trust Your Own Voice”: https://karenlaos.com/book/

The latest CPI and jobs reports indicated that inflation may have peaked, sending the markets into a big rally. But there are worrisome signals beneath the surface warning that inflation is far from over. Kevin Gordon, a senior investment researcher at the Schwab Center for Financial Research, joins host Mike Townsend to assess the latest data and discuss how far the Federal Reserve is willing to go before easing its series of rapid interest rate hikes. They also examine the hurdles the economy still faces before we can leave the bear market behind, whether the latest crypto meltdown is having spillover effects on the equity markets and what potential gridlock in Washington may mean for the markets in the year ahead. Mike also shares his thoughts on the midterm elections and highlights what may be on tap for the post-election session of Congress, including a government funding debate, retirement savings legislation and a longshot bid to raise the debt ceiling.WashingtonWise is an original podcast for investors from Charles Schwab. For more on the series, visit Schwab.com/WashingtonWise.If you enjoy the show, please leave a ★★★★★ rating or review on Apple Podcasts.  Important Disclosures:The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.All corporate names are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.Indexes are unmanaged, do not incur management fees, costs and expenses and cannot be invested in directly. For more information on indexes please see www.schwab.com/indexdefinitions.Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.Investing involves risk, including loss of principal. Digital currencies, such as bitcoin, are highly volatile and not backed by any central bank or government. Digital currencies lack many of the regulations and consumer protections that legal-tender currencies and regulated securities have. Due to the high level of risk, investors should view Bitcoin as a purely speculative instrument.Correlation is a statistical measure of how two investments have historically moved in relation to each other, and ranges from -1 to +1. A correlation of 1 indicates a perfect positive correlation, while a correlation of -1 indicates a perfect negative correlation. A correlation of zero means the assets are not correlated.Environmental, social and governance (ESG) strategies implemented by mutual funds, exchange-traded funds (ETFs), and separately managed accounts are currently subject to inconsistent industry definitions and standards for the measurement and evaluation of ESG factors; therefore, such factors may differ significantly across strategies. As a result, it may be difficult to compare ESG investment products. An investment product's ESG strategy may significantly influence its performance. Carefully review an investment product's prospectus or disclosure brochure to learn more about how it incorporates ESG factors into its investment strategy.(1122-2Z7E)

Barry Metzger, managing director of trading and education at Charles Schwab, says that the firm's latest trader sentiment survey shows that nearly 60% of traders feel like the United States is already in a recession or will be in one by the end of the year, with nearly that entire group believing that the economic slowdown will last less than one year. These traders -- investors who make 80 or more transactions in a year, but not part of the day-trading community -- are largely bearish, but believe there are opportunities in energy, health care and consumer staples. They are rotating toward value stocks and fixed income. In the ETF of the Week, Tom Lydon of VettaFi talks about a fund that was up double-digits just a week ago off of the inflation news, a move so big that it moved the ETF above its 200-day moving average and put it back into buying territory. Chuck answers a listener's question on cryptocurrency trading and the concept of "not your keys, not your coins," and the show revisits a recent interview with Jeffrey Cleveland, chief economist at Payden & Rygel.

From the outside looking in, Jessica Kriegel mastered success. She earned her doctorate, published her book, and became a keynote speaker. Jessica broke culture down to a science and turned this into a strategy, helping others transform their work culture.Despite all of this, she felt like she knew the secret, but was unable to apply it to her interpersonal life. Jessica shares that moment she realized there was a God, and how this new belief transformed everything. Jessica talks about stepping out of a victim mentality, what true confidence means for her, and transforming company culture.Tangible Takeaways:New beliefs lead to new actions: this is where the transformation begins. Sometimes you have to go down before you go up. Your current struggles and heartaches will someday become blessings!It is easier to identify the victim mentality in others. Take the time to notice when you're functioning in it. The key to confidence is being your authentic selfTransforming culture requires strategy. First, identify the desired culture. Once this is established, call out the collective beliefs required to support the culture.About Jessica:Jessica is the Chief Scientist of Workplace Culture for Culture Partners, leading research and strategy in best practices for driving results through culture. For 15+ years, Jessica has been guiding global, national, Fortune 100 and other organizations across finance, technology, real estate and healthcare industries on the path to creating intentional cultures that accelerate performance. After she got her MBA and became a global consultant for a human capital management solutions provider, Jessica consistently saw highly-stressed leaders failing to deliver against lofty financial goals. She knew that if these leaders could transform their cultures, performance and profitability would follow. But, because culture is often viewed as an intangible, these leaders didn't know where to begin. So, Jessica set out on a personal mission to ‘quantify culture.' Her doctoral research and consulting engagements with Oracle, Toyota, Lockheed Martin, Federal Reserve, and Bank of America to name a few, led to the Culture Equation - a tested model where strategy combined with culture to deliver consistent results. Today, Jessica applies data-driven insights to dismantle the chaos of poor morale, low performance, and missed financial goals. CEOs have leaned on her to ask questions that their internal resources may be too afraid or unaware to ask, and get the results they need. As a certified Business Impact ROI specialist, she can translate seemingly soft skill programs into monetary values. With data, humor, and energy, Jessica Kriegel is a disruptive thought-leader on culture transformation that companies need to build organizational success. She works with clients in-person and virtually to drive business results. She is based out of a little house on the river in Sacramento, California. Connect with Jessica:Twitter: https://twitter.com/jessica_kriegelLinkedIn: https://www.linkedin.com/in/jessicakriegel/ About me:Karen Laos is a keynote speaker and leadership coach equipping women to stand out with unshakable confidence. She specializes in communication: executive presence and compelling messages. Karen champions female business leaders to own their value and find their voice so they can be seen and heard. She also works with teams to create cultures of trust and function at their best.Karen has coached leaders at Facebook, Google, Netflix, Uber, Sephora, Sony, Microsoft, Fidelity, Charles Schwab, Trip Advisor, Bacardi, Levi, and more. Karen's style is fun, encouraging and results-oriented. She immediately moves past the “fluff” and gets straight to the issue (just ask her clients). Connect with me:Website: https://www.karenlaos.com/Instagram: https://www.instagram.com/karenlaosofficial Facebook: Ignite Your Confidence with Karen Laos: https://www.facebook.com/groups/karenlaosconsultingLinkedIn: https://www.linkedin.com/in/karenlaos/Clubhouse: @karenlaosEpisodes also available on YouTube:https://www.youtube.com/channel/UCEwQoTGdJX5eME0ccBKiKng/videosMy book “Trust Your Own Voice”: https://karenlaos.com/book/

The Charles Schwab trader sentiment survey says 60% of traders feel like the U.S. is in an economic recession. Barry Metzger discusses the results of the trader sentiment survey. He talks about how most traders think the anticipated recession will be a short one. He notes that investors are bullish on energy, health care, and utilities, while bearish on real estate, consumer discretionary, and tech. He then goes over how 55% of traders say a "January effect" is likely to drive the markets higher. Tune in to find out more about the stock market today.

Taxes are a big issue for any investor. For people likely to incur federal estate tax, does it make sense to give away assets to family members sooner rather than later? The answer to that question can be fraught with all kinds of psychological and emotional issues. But it's important to contemplate the details of different lifetime gifting strategies if you want to maximize what you leave for your heirs. To understand more, Mark Riepe speaks with Susan Bober, a director in Schwab's Wealth Strategies Group in Indianapolis. Mark and Susan discuss why the idea of giving money to family members can cause so much fear and anxiety, the annual exclusion gifting strategy, and the importance of finding an advisor you trust.Follow Financial Decoder for free on Apple Podcasts or wherever you listen.Financial Decoder is an original podcast from Charles Schwab. For more on the series, visit Schwab.com/FinancialDecoder. If you enjoy the show, please leave us a rating or review on Apple Podcasts. Important DisclosuresThis information is not intended to be a substitute for specific individualized tax, legal or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner or investment manager.The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.All expressions of opinion are subject to change without notice in reaction to shifting market conditions.Investing involves risk including loss of principal.Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.There are minimum requirements to work with a consultant and the Wealth Strategists Group. Wealth management refers to products and services available through the operating subsidiaries of The Charles Schwab Corporation, of which there are important differences including, but not limited to, the type of advice and assistance provided, fees charged, and the rights and obligations of the parties. It is important to understand the differences when determining which products and/or services to select.(1122-24F0)

Taxes are a big issue for any investor. For people likely to incur federal estate tax, does it make sense to give away assets to family members sooner rather than later? The answer to that question can be fraught with all kinds of psychological and emotional issues. But it's important to contemplate the details of different lifetime gifting strategies if you want to maximize what you leave for your heirs. To understand more, Mark Riepe speaks with Susan Bober, a director in Schwab's Wealth Strategies Group in Indianapolis. Mark and Susan discuss why the idea of giving money to family members can cause so much fear and anxiety, the annual exclusion gifting strategy, and the importance of finding an advisor you trust.Follow Financial Decoder for free on Apple Podcasts or wherever you listen.Financial Decoder is an original podcast from Charles Schwab. For more on the series, visit Schwab.com/FinancialDecoder. If you enjoy the show, please leave us a rating or review on Apple Podcasts. Important DisclosuresThis information is not intended to be a substitute for specific individualized tax, legal or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner or investment manager.The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.All expressions of opinion are subject to change without notice in reaction to shifting market conditions.Investing involves risk including loss of principal.Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.There are minimum requirements to work with a consultant and the Wealth Strategists Group. Wealth management refers to products and services available through the operating subsidiaries of The Charles Schwab Corporation, of which there are important differences including, but not limited to, the type of advice and assistance provided, fees charged, and the rights and obligations of the parties. It is important to understand the differences when determining which products and/or services to select.(1122-24F0)

Gene and Alyssa answers tons of listener questions: Alyssa interviews Kegan Morris of Ash Brokerage on Social Security taxationZane Belcak calls in to explore ways to fix/improve credit scoresAre ‘LIRPs' (life insurance retirement plans) better than 401(k)s?Is the email he got from Charles Schwab a scam?Lots more questions. Free Second Opinion Meetings Do you have questions about your financial situation?Are you on track to reach your financial goals – particularly your retirement goals?What should you be doing right now? Two New Free Services Have your current life insurance policies analyzed to see if they fit you or could you do betterHave your current annuities analyzed to see if they fit you or could you do better Added to These Free Services Social Security and Medicare Review with our SS/Med expert Mr. Mark BacakLong Term Care Review with our partner Mr. Mike PompeiReverse Mortgage Review with our partner Tiffany ShuttaEstate Planning Document Review with an attorney in our office Schedule a free second opinion meeting with a More than Money advisor? Call today (610-746-7007) or email (Gene@AskMtM.com) to schedule your time with us.

Does more money make people happier? Although many studies show that, on average, wealthier people are happier, there are as many indicators that making lots of money will not inevitably boost happiness. It's actually how you spend, save, and think about money that defines how much joy you get from it. The key is to learn from people who have made mistakes about money and break down the misconception that equates more money with fewer problems and more happiness. This is the topic of our conversation today with Francis Simms of NorthCoast Asset Management. As a financial planning expert who advises high-net-worth families on retirement planning, income generation, and risk management, Francis has gained valuable insights on money, time and relationships and finding meaning and significance in life.Key Points From This Episode: Francis shares some highlights of his week.Francis gives snapshots of his life and background.Francies explains the work that he does with NorthCoast Asset Management.What has been the most surprising thing Francis learned about the people that he has worked with?What's the biggest misconception people have about money and investing?What's the biggest mistake that people make with money and investing? Where does Francis find meaning and significance in life?What is the greatest investment that Francis has ever made? What big failure did Francis gain the most lesson from?Francis shares a pivotal moment in his journey of generosity.What's the biggest paradigm shift in Francis' journey of generosity?Francis' top piece of adviceFrancis answers the mentor-minute questions.Tweetables:“It's more about time and relationships than it is about resources.”“Prior proper planning prevents poor performance.”“A lot of people go through life not really having an idea of why they are where they are.”“It's a misconception that money solves more problems than it creates.”“Money is the last card that people play.”“...enjoy the ride.”Links Mentioned in Today's Episode:Francis Simms on LinkedInNorth Coast Asset ManagementClick to Find out more about our upcoming event: "Crafting Your Kingdom Investing Thesis" About Francis SimmsFrancis Simms, MBA, AAMS®, is a Senior Vice President with NorthCoast Asset Management covering the state of Florida. Francis' expertise focuses on building meaningful relationships and partnering with clients to develop specialized solutions around retirement planning, income generation, and risk management. He has over a decade of financial consulting experience that extends across multiple asset classes. Francis is a native Floridian and started his career by serving over five years in the US Air Force, where he administered the anti-terrorism program in combat zones. Over the next 11 years, Francis served as Vice President and Senior Financial Consultant at Charles Schwab helping clients reach their financial goals. His financial planning acumen combined with staunch conviction in client service has led him to be the trusted advisor for many families.

When you lead a meeting you have the power to guide the discussion in a productive way. Some of these tips are surprisingly simple. When you add all three tips together, you'll find your meetings become more effective.It's important we remember that people are busy - they're moving from meeting to meeting. It is your job to set the compass for your time together. Take the initiative to be inclusive and use your voice to show you're in control.  Listen and apply these tips to your next meeting! Tangible Takeaways:Set expectations when you start the meeting to bring focus and guide your busy attendees' attention spans.Be the voice of reason (speak up when things are going awry to get things back on track).Be aware of your voice! Make sure you speak with declaration, volume, and vocal variety. Be inclusive. Ensure introductions are made and everyone feels seen and heard. About me:Karen Laos is a keynote speaker and leadership coach equipping women to stand out with unshakable confidence. She specializes in communication: executive presence and compelling messages. Karen champions female business leaders to own their value and find their voice so they can be seen and heard. She also works with teams to create cultures of trust and function at their best.Karen has coached leaders at Facebook, Google, Netflix, Uber, Sephora, Sony, Microsoft, Fidelity, Charles Schwab, Trip Advisor, Bacardi, Levi, and more. Karen's style is fun, encouraging and results-oriented. She immediately moves past the “fluff” and gets straight to the issue (just ask her clients). Connect with me:Website: https://www.karenlaos.com/Instagram: https://www.instagram.com/karenlaosofficial Facebook: Ignite Your Confidence with Karen Laos: https://www.facebook.com/groups/karenlaosconsultingLinkedIn: https://www.linkedin.com/in/karenlaos/Clubhouse: @karenlaosEpisodes also available on YouTube:https://www.youtube.com/channel/UCEwQoTGdJX5eME0ccBKiKng/videosMy book “Trust Your Own Voice”: https://karenlaos.com/book/

Liz Ann Sonders, the Chief Investment Strategist for Charles Schwab, rejoins the Express to explain why we need to stop hoping for a Fed pivot, and why we need good old-fashioned investing fundamentals to navigate the new normal in capital markets. Plus, what are the top concerns among financial advisors at this year's Schwab Impact Conference. And, why lotteries like Powerball are considered a regressive tax. LINKS FOR SHOW NOTES: https://www.investopedia.com/terms/f/federalfundsrate.asp www.investopedia.com/articles/markets/120115/top-5-apple-shareholders.asp www.investopedia.com/fidelity-offers-crypto-trading-6825311 insight.factset.com/sp-500-earnings-season-update-november-4-2022 https://dealogic.com/insight/investment-banking-revenue-report-9m22/ https://websummit.com/ https://impact.schwab.com/ www.investopedia.com/terms/r/regressivetax.asp www.schwab.com/learn/author/liz-ann-sonders https://www.aaii.com/sentimentsurvey www.youtube.com/c/EarnYourLeisure/featured https://www.youtube.com/watch?v=f0i6oWAxrIo

It seems like every other week there's a news report about how coffee will help you live longer or will shorten your life. There are similar reports about vitamins and water consumption and any number of other health-related studies. So why do we see so much conflicting information around scientific research in the media? In this episode of Choiceology with Katy Milkman, a look at the slippery problem of separating correlation from causation.You'll hear the fascinating story of Franz Mesmer and the apparently miraculous effects of what he dubbed animal magnetism. Author Mara Rockliff recounts the sway that Mesmer held over the Parisian public and how Benjamin Franklin transformed the scientific method in his quest to find the truth.Mara Rockliff has written several books for young readers, including the multiple award-winning Mesmerized: How Benjamin Franklin Solved a Mystery That Baffled All of France.Next, economics professor John List joins Katy to discuss the reasons why we confuse correlation and causation and explains the best practices for separating the two in the study of charitable giving, early childhood education, business, and policy.John List is the Kenneth C. Griffin Distinguished Service Professor in Economics at the University of Chicago and the chief economist at Walmart.  Choiceology is an original podcast from Charles Schwab. For more on the series, visit schwab.com/podcast.If you enjoy the show, please leave a rating or review on Apple Podcasts. Important DisclosuresAll expressions of opinion are subject to change without notice in reaction to shifting market conditions.The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.Investing involves risk, including loss of principal.All corporate names are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.The book How to Change: The Science of Getting from Where You Are to Where You Want to Be is not affiliated with, sponsored by, or endorsed by Charles Schwab & Co., Inc. (CS&Co.). Charles Schwab & Co., Inc. (CS&Co.) has not reviewed the book and makes no representations about its content.(1122-26TV)

John Swantek hangs with Stephen Ames, competing for the Charles Schwab Cup. Fantasy Insider Rob Bolton analyzes the field at the World Wide Technology Championship.

Charli Matthews is the Founder & CEO of Empowering Brands and has been working in a male-dominated space since 2005. Charli knows the inner backbone you'll need to grow in your career and what to do when you face self-doubt.Surviving your career doesn't mean putting on someone else's pre-packaged persona, it's about showing up as yourself. Listen to what your body is telling you and telling others, and become firm on your why and purpose. Tangible Takeaways:When it comes to working in male-dominated spaces: know why you're there. Be clear on your purpose and values.Be yourself. Avoid the pressure to put on a persona at work (everyone can tell!)Listen to what your mind is telling you, and understand your body when it's upset. Get down to the root cause to get it sorted out.Turn the negative fear thought into energy and motivation so it's not an attack. If you do this, you won't have extreme symptoms when facing your fears.Do things scared. Have courage. If we want to do something, we have to take action and prove it to ourselves.About Charli:Charli K. Matthews, the Founder & CEO of Empowering Brands, a digital media and marketing services company that manages the brands Empowering Pumps & Equipment, Empowering Women in Industry, and the Empowering Industry Podcast. She has worked with the pump and equipment industry since 2005 and is a known leader for building brands, growing online networks, and helping industrial companies embrace digital media. Her passion and deep understanding of how to leverage social media platforms has enabled Empowering Pumps and Equipment™ to become the Information and Connection hub for industry. Connect with Charli:Website: www.charlikmatthews.com Twitter: https://twitter.com/CharliKMatthews   Instagram: https://www.instagram.com/charlikmatthews/  LinkedIn: https://www.linkedin.com/in/charlimatthews/  Facebook: https://www.facebook.com/charlikmatthewsECPodcast: Empowering Industry Podcast    About me:Karen Laos is a keynote speaker and leadership coach equipping women to stand out with unshakable confidence. She specializes in communication: executive presence and compelling messages. Karen champions female business leaders to own their value and find their voice so they can be seen and heard. She also works with teams to create cultures of trust and function at their best.Karen has coached leaders at Facebook, Google, Netflix, Uber, Sephora, Sony, Microsoft, Fidelity, Charles Schwab, Trip Advisor, Bacardi, Levi, and more. Karen's style is fun, encouraging and results-oriented. She immediately moves past the “fluff” and gets straight to the issue (just ask her clients). Connect with me:Website: https://www.karenlaos.com/Instagram: https://www.instagram.com/karenlaosofficial Facebook: Ignite Your Confidence with Karen Laos: https://www.facebook.com/groups/karenlaosconsultingLinkedIn: https://www.linkedin.com/in/karenlaos/Clubhouse: @karenlaosEpisodes also available on YouTube:https://www.youtube.com/channel/UCEwQoTGdJX5eME0ccBKiKng/videosMy book “Trust Your Own Voice”: https://karenlaos.com/book/

Anyone who has invested for more than a few years has seen their share of bear markets, bull markets, down economies, and recessions. But each circumstance is different. Heraclitus said that you can't step into the same river twice: The person is different, and the river is different. When the economy turns downward, what are some strategies you should keep in mind? What's the context around the current market and macroeconomic conditions? In this episode, Mark Riepe interviews Schwab's chief investment strategist, Liz Ann Sonders.A few of the issues Mark and Liz Ann discuss include:How and why we label the economy as being in a recession;What an "earnings recession" and a "rolling recession" are;Inflation and interest rates;Unemployment, the housing market, and many other topics.Follow Financial Decoder for free on Apple Podcasts or wherever you listen.Financial Decoder is an original podcast from Charles Schwab. For more on the series, visit Schwab.com/FinancialDecoder. If you enjoy the show, please leave us a rating or review on Apple Podcasts.Important DisclosuresInvestors should consider carefully information contained in the prospectus or, if available, the summary prospectus, including investment objectives, risks, charges, and expenses. Please read it carefully before investing.The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.All expressions of opinion are subject to change without notice in reaction to shifting market conditions.Investing involves risk including loss of principal.Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.Indexes are unmanaged, do not incur management fees, costs and expenses and cannot be invested in directly. For more information on indexes please see www.schwab.com/indexdefinitions.The National Bureau of Economic Research (NBER) is a private, nonpartisan organization that facilitates cutting-edge investigation and analysis of major economic issues.(1022-27JC)

Anyone who has invested for more than a few years has seen their share of bear markets, bull markets, down economies, and recessions. But each circumstance is different. Heraclitus said that you can't step into the same river twice: The person is different, and the river is different. When the economy turns downward, what are some strategies you should keep in mind? What's the context around the current market and macroeconomic conditions? In this episode, Mark Riepe interviews Schwab's chief investment strategist, Liz Ann Sonders.A few of the issues Mark and Liz Ann discuss include:How and why we label the economy as being in a recession;What an "earnings recession" and a "rolling recession" are;Inflation and interest rates;Unemployment, the housing market, and many other topics.Follow Financial Decoder for free on Apple Podcasts or wherever you listen.Financial Decoder is an original podcast from Charles Schwab. For more on the series, visit Schwab.com/FinancialDecoder. If you enjoy the show, please leave us a rating or review on Apple Podcasts.Important DisclosuresInvestors should consider carefully information contained in the prospectus or, if available, the summary prospectus, including investment objectives, risks, charges, and expenses. Please read it carefully before investing.The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.All expressions of opinion are subject to change without notice in reaction to shifting market conditions.Investing involves risk including loss of principal.Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.Indexes are unmanaged, do not incur management fees, costs and expenses and cannot be invested in directly. For more information on indexes please see www.schwab.com/indexdefinitions.The National Bureau of Economic Research (NBER) is a private, nonpartisan organization that facilitates cutting-edge investigation and analysis of major economic issues.(1022-27JC)

Most of us pay the majority of our taxes as ordinary income, the highest possible tax rate, but it may surprise you to learn that couples making less than $83k annually qualify to pay 0% capital gains taxes on certain types of investment income. Steve and Nathan discuss ways to capitalize on capital gains tax rules. Also, our MoneyTalk Moment in Financial History profiles Charles Schwab and the contributions he made to retail investing.Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®; Air Date: 10/26/2022See omnystudio.com/listener for privacy information.

The highly connected global economy can be a positive force when all systems are working well. But when cracks start to form and economies begin to falter, the U.S. economy may not be able to avoid the spillover. Jeff Kleintop, Schwab's chief global investment strategist, joins Mike Townsend to look at the top concerns in the U.K, China, and Russia and consider how those issues could impact the U.S. They also discuss the problems the strong dollar is creating for emerging markets as they fight their own inflation battles. Also, Mike shares insights on a court decision that could impact the Consumer Financial Protection Bureau, the agency that oversees mortgages, auto loans, credit cards, and other consumer financial products. And he highlights an IRS announcement on the inflation adjustments to taxes for 2023, which include increased retirement savings contribution limits, a hike in the annual gift tax exclusion, and more.WashingtonWise is an original podcast for investors from Charles Schwab. For more on the series, visit Schwab.com/WashingtonWise.If you enjoy the show, please leave a ★★★★★ rating or review on Apple Podcasts. Important DisclosuresThe policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. International investments involve additional risks, which include differences in financial accounting standards, currency fluctuations, geopolitical risk, foreign taxes and regulations, and the potential for illiquid markets. Investing in emerging markets may accentuate these risks.Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.This information does not constitute and is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, or investment manager.Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications and other factors. Lower rated securities are subject to greater credit risk, default risk, and liquidity risk.Currencies are speculative, very volatile and are not suitable for all investors.Commodity-related products carry a high level of risk and are not suitable for all investors. Commodity-related products may be extremely volatile, illiquid and can be significantly affected by underlying commodity prices, world events, import controls, worldwide competition, government regulations, and economic conditions.All corporate names are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.Indexes are unmanaged, do not incur management fees, costs and expenses and cannot be invested in directly. For more information on indexes please see www.schwab.com/indexdefinitions.Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.Investing involves risk, including loss of principal. Diversification strategies do not ensure a profit and do not protect against losses in declining markets.1022-2GZ2

A timely topic we've been hearing about from listeners for months – U.S. I Bonds. These are bonds issued by the U.S. Treasury to hedge against inflation and currently pay an incredible 9.62% rate… but there are a lot of restrictions and time is running out! We invite CFP Maggie Gomez, aka Money with Maggie, to the show to break down the ins and outs of I Bonds. Then Johnny and Derek discuss if they think I Bonds are a good play or if your money is better served invested elsewhere. Maggie Gomez is on a mission to help you feel strong and confident in your financial situation. Maggie's professional experience in major brokerage firms made her realize that clients with less than 6 or 7 figures to invest weren't getting quality attention from a financial professional. That left most people with nowhere to turn to manage their financial life and start investing in their future! So that is why she started “Money with Maggie” Experience: CERTIFIED FINANCIAL PLANNER™ (designation received after a 12-month intense study program and 6-hour exam covering a full spectrum of financial planning topics)  8 years of experience working at Charles Schwab, Morgan Stanley, and E*TRADE Held a FINRA Series 7 License (Stock Broker, i.e. I sold investment products) Held a FINRA Series 66 License (licensed to offer investment advice) Listen to ILAB 252 on iTunes here or subscribe on your favorite podcast app. Where we are: Johnny FD – Greece / IG @johnnyfdj Sam Marks – Thailand / IG @imsammarks Derek Spartz – Los Angeles / IG @DerekRadio Sponsor: IndeedIndeed knows that when you're doing everything for your company, you can't afford to overspend on hiring. Visit indeed.com/ILAB for more details. Discussed: Treasury Direct Money with Maggie Maggie's Free Passive Income Workshop Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)*Johnny and Sam use all of the above services personally. Time Stamp: 10:00 – What is an I-Bond? 11:11 – What is the interest right now and how long are you locked in for? 12:41 – What do you expect the next interest rate to be? 14:16 – Is there a limit on how much you can purchase? 15:26 – Patreon question: Can you gift I-bonds to family members or friends? 16:07 – Patreon question: Is there any other way to purchase the I-Bonds other than the website? 17:05 – How often can you buy I-Bonds and can you buy more under other LLCs? 18:05 – Do you purchase I-Bonds and why? 19:52 – Why do you think no one talks about Bonds anymore? 23:10 – Do you have to be a US citizen to purchase the Bonds? 23:35 – Patreon Question: How is the rate calculated? 24:18 – Has it only recently become popular with your clients? 30:48 – What do you think the interest rate will be in October 2023? 32:16 – How do your clients feel about the stock market currently? If you enjoyed this episode, do us a favor and share it! Also if you haven't already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2022. All rights reserved. Read our disclaimer here.

John Swantek hangs with Brett Quigley, competing in the Charles Schwab Cup Playoffs on the PGA TOUR Champions. Fantasy Insider Rob Bolton analyzes the field at the Butterfield Bermuda Championship on the PGA TOUR.

Zongyuan Zoe Liu, fellow for international political economy at CFR, leads the conversation on global economics. FASKIANOS: Thank you. Welcome to today's session of the Fall 2022 CFR Academic Webinar Series. I'm Irina Faskianos, vice president of the National Program and Outreach at CFR. Today's discussion is on the record and the video and transcript will be available on our website, CFR.org/academic. As always, CFR takes no institutional positions on matters of policy. We're delighted to have Zongyuan Zoe Liu with us to talk about global economics. Dr. Liu is a fellow for international political economy at CFR. She previously served as an instructional assistant professor at Texas A&M's Bush School of Government and Public Service in Washington, D.C. And before that, she completed postdoctoral fellowships at the Columbia-Harvard China and the World program and the Center for International Environment and Research Policy at Tufts University. She served as a research fellow and research associate at many institutions—the Reischauer Center for East Asian Studies, NYU's Stern Center for Sustainable Business, and at the Institute for International Monetary Affairs in Tokyo. Dr. Liu is the author of Can BRICS De-dollarize the Global Financial System?, published by Cambridge University Press; and Sovereign Funds: How the Communist Party of China Finances its Global Ambitions, forthcoming in 2023 by Harvard University Press. So we will stay tuned for that. So, Dr. Liu, thank you very much for being with us. This is a very broad topic, but it would be great if you could give us your analysis of the state of the global economy today. LIU: Yeah, thank you very much, Irina, for inviting me to do this. I really, truly appreciate the opportunity to engage with our college and national universities, both the faculties and the students. This makes me feel I'm very much still part of the academia community. So thank you very much, Irina, and thank you, everybody, for tuning in today. So I wanted to begin by saying that as an economist one thing that I learned is that we are very bad at making forecasting. And, once that forecasting is already very bad, but—and forget about the long run. But that being said, I hope our conversation today can at least exchange some perspectives in terms of how we think about global economy and how we think about some policy-relevant natures. So the first—I will begin by saying two statement, and then I will delve into it. The first statement I would say that I'm afraid that geopolitics probably would make economic forecasting, which is already a very difficult business, but geopolitics would likely make this business even more difficult going forward. And this is because global economic prospect will be more influenced by geopolitics and geopolitical tensions, in addition to pure supply and demand. So that is to say, for our—all our college students and our graduate students, who are either pursuing a political science degree, international relations, or economics, or anybody who are vaguely interested in understanding global economics, now this is the time to realize, well, the models may not—the models had their limitations before, and their limitations are probably going to be even more pronounced going forward. The pure supply-demand dimensions—price is set in certain ways—probably are not necessarily going to go that way. One such example would be the European Union and the United States are considering putting a price cap on Russian oil. And what does that mean? That probably means, well, it almost feel like for a long period of time there was this global cartel called the OPEC or OPEC+. These are the so-called sellers' cartel. And they have the power, the monopolistic power almost, in terms of setting the price of oil in the global market. But now we are probably going to see the other part of the story, which is what about a global buyers' cartel? And that is essentially what a price cap means. So long story short, I think geopolitics would play a lot into our analysis of global economics forecasting going forward. And then my second sort of quick statement would be in terms of global economic status today. I would say the key—like, let me take a step back. When we think about economic development, we tend to think about factors of production. Like, for our—again, for our students who probably learned this at the beginning of the semester, this is the time to refresh your concept. But key factors of production—one is resource, the other is technology, and then the other is labor. In terms of resources, you can think about natural resources as well as capital. So these three fundamental factors of production, I would say, they are all going through a period of changes. And these changes are not necessarily in a good way. So that, long story short, a lot of the changes now in global economic conditions may not necessarily be good. And I'm happy to go into a detailed analysis of why resources are not necessarily changing in a good way, or technology, or in terms of labor and demographics. But I'm also happy to stop here and then sort of answer questions or explain further going forward as well. FASKIANOS: Great. We will go to all of you to ask your questions. (Gives queuing instructions.) So we already have a question. It's from Fordham University. Raised hand. So you're going to tell us—have to tell us who you are and unmute yourself, or accept the unmute prompt. There you go. Q: Can you hear me? FASKIANOS: Yes. Q: OK, great. Yes, so I'm a third-year student at Fordham University. My name is Valerie Bejjani. And my question for you, Dr. Liu, pertains to your paper—your Cambridge-published paper—about non-dollar alternatives, which I find very fascinating. And it made me think about something I read for an international political economy class about how Keynes first introduced a non-dollar alternative called the bancor during the Bretton Woods Conference, but the U.S. shot it down. So I was curious about your opinion on this, whether you think it was a mistake for the U.S. not to accept it, and what you think the implications—the historical implications are for BRICS countries today that are trying to devise their own non-dollar alternatives? LIU: Thank you very much, Valerie, for your great question. And I have to—since we're on the record—I just have to say, this is not a planted question. (Laughs.) And I very much appreciate that you've given me the opportunity to talk about the research that I did before. So just a quick background about that research that I did, I finished the research last year—yeah, last year in the summer, in July. So when I submitted my manuscript, there was a review process, right? And then that was the moment when not everybody were interested in SWIFT, in SPFS, in China's cross-border banking—Cross-Border Payment System, or CIPS. So a lot of these alphabetic soups that everybody here are familiar with now, last year before Russia's invasion of Ukraine nobody was even interested. And one of the reviewers was even telling—had a comment there saying that, well, you know, don't necessarily think that these are good examples that deserve to—so many real estate. (Laughs.) But and then my publisher somehow engineered it such that my—that Cambridge publication came out right on the day of Russia's invasion of Ukraine, which was—that was—as a researcher, you probably can never hope the timing in that way. So going back to your question, Valerie, I would say I highly appreciate that you raised the question. And I respect that—highly respect that you are already getting yourself familiarized with Keynesian and all the other historically speaking alternative monetary system or monetary concept as well. So that's all good. So keep doing what you are doing now and I look forward to continuing our conversation going forward. So your question, if I understand it correctly, so is it a good idea for the United States to shut it down, right? So I mean, if I were—I was obviously not in the policymaking room in those days, but I can certainly understand why the United States would want to maintain the dollar's dominant currency status in the global financial system. That's because if you are able to—if the dollar were the dominant currency, in the existing dollar—in the existing global financial system, that basically means on the one hand we can issue debt cheaply. And that literally means the U.S. Treasury is the proxy for risk re-asset. That has huge implications not just for our government debt and our physical expenditure. It also has a tremendous amount of stabilizing factor for our domestic financial institutions and the expansion of our banks in the international market. So from both public perspective and the international perspective, those are good. And the United States has, from a policymaking perspective, all our financial policymakers had their right to shut it down. Now, but if you ask this question from an alternative perspective—say, if you ask the question for—to, let's say, Bank of England Governor Mark Carney—former governor. If you ask him, he would probably tell you, well, this is a terrible idea that the United States would shut it off, because he specifically said in 2019 at the Jackson Hole symposium, when all the major central bankers were gathered in the big hall and talking about monetary policies, he was the one standing in front of everybody saying that, well, it's a terrible idea to have one single currency, which is the U.S. dollar, to dominate the global financial and monetary system. That is the reason why the system is not stable, hence we need to have an alternative system. Like a basket currency or something like that. So, if you ask people like him, he would be—like, be in favor of the diversity—of a more diversified global monetary system. And again, if you ask the countries like China or, for that matter, Russia or Iran, they would be way much more in favor of a much more diversified monetary system as well. And that may not necessarily, from, exchange rate perspective, exchange rate risk is an important aspect, but the more important aspect probably is from the geopolitical hegemonic power of the U.S. dollar. Which means, the U.S. sanctioning power really resides in the dollar being the dominant currency. So right now, we hear about U.S. can sanction Russia, sanction other countries. How that is being executed, it is literally being executed by our banks no longer processing the bank transactions of all the Russian banks. Hence, when people talk about kicking Russia off the SWIFT system, it's not just that the transaction cannot go out. It literally means in practice nobody can send a message with Russian banks. Like, there was no communication. So the entire dollar system is based upon the SWIFT system, which 90 percent of the messaging to process the transactions are using dollar. And then, because the expansive power of our U.S. banks, it literally means all international trade literally has to be settled—the settlement has to be done by U.S. bank, who has U.S. dollars. And in order to access that transaction mechanism, only SWIFT can get the job done. You also have to literally tap into either the Fedwire System or the CHIPS system, which is the clearinghouse system based here in New York. So in order for this whole system—in order to have this whole system to make your dollar payment work, you literally have to maintain on the one hand a connection, on the other hand have connections with the dollar settlement system. And that's why when Russia was kicked out of SWIFT, a lot of other countries who are not necessarily on the good side of the United States started to get worried because people used to think, well, kicking somebody—kicking some banks off the SWIFT system is almost the financial version of a nuclear bomb. It's the nuclear option of cutting somebody from the international financial system, of which the U.S. dollar is the dominant currency, the primary invoicing currency as well. And then on the other hand, lesson learned from this sanction experience, especially from the perspective of China, is that, well, previously we've already laid out a lot of this planning system—meaning the infrastructure used to internationalize the renminbi, such as the China—the China's CIPS system. Policymakers inside China started to wonder, well, since the planning is already there, it's not too much to ask just to add additional function. So the previously, from a functional-wise, China's renminbi payment infrastructure is really not about bypassing sanctions, because in my research I realized when—I interviewed people who actually participated in the designing of the system. And I remember talking to three people on three different occasions, and they all mentioned one point, which is without the CIPS system, the international using of renminbi, really—the user experience was really, really terrible. And the reason it was terrible was simply because there are more than two thousand of small and medium-size banks in China. You are familiar with the big four—ICBC, Bank of China and all that—but those are the major banks. More Chinese bank—more than two thousand of the smaller Chinese banks, they don't have a direct connection with the SWIFT system. Which basically means in order to make transactions across border, it really takes time and the cost of transactions are extremely high. Therefore, in order to improve user experience, they literally had to design a system that can facilitate this cross-border transaction. But when geopolitics plays into it, especially since 2018 when U.S.-China trade war started to get really escalated to a higher level, a lot of those conversations started domestically. And then Russia's invasion of Ukraine really accelerated this whole process. So I hope that sort of give you a broader—it's a long answer, but I hope that gives you a deeper understanding of what has been going on, and what are the—what are the instrument—the functions of the instrument. FASKIANOS: Fantastic. I'm going to take a written question from Abraham—he goes by Abe—Borum. Dr. Liu, you mentioned OPEC within the context of NATO and the U.S. efforts to limit Russia energy policy. What are the second- to third-order effects on other sectors of global markets? And Abe is a graduate student at the National Intelligence University. LIU: Abe, that's a great question, I have to say. And I would strongly encourage everybody here, especially our undergrad and graduate students—to think not just the first-order or direct impact, but also the second-order effect. So I appreciate this question, because then you give me a little bit opportunity to elaborate on why I think on the natural resource aspect our global economy is not necessarily heading towards the right direction. So just tie back into Abe's question to begin with, right now since Russia's invasion of Ukraine, the hydrocarbon prices, and more specifically oil prices, oil prices have been increasing. Although in recent—in recent weeks, it has relatively been stabilized a little bit, but it's still way much higher than pre-pandemic, that would be 2019, right, Irina? 2019, right? (Laughs.) My timeline is all blurred. So I checked this morning, price might have changed slightly. But when I checked it this morning Brent today, this morning when I checked, it was trading about $88 per barrel. And remember in 2019 what the price was? That was something around—the average price in 2019, that was $64. So we are literally talking about more than $20 per barrel more expensive. And then WTI, that is, what, U.S. benchmark, right? WTI was trading at $96 per barrel – close to 96 (dollars). Like 95.99, something like that. And in 2019, Brent was trading on average $57 per barrel. So close to double. So higher energy prices, that basically would directly translate into higher production costs across the board for energy—because every sector need energy, whether it is electricity, whether it is other types of energy. So it directly translate into higher electricity prices. This is important for the United States. This is very relevant for the European Union as well. So higher production costs would literally raise the price of the output. And that is going to further exacerbate the inflationary pressure. And that is going to make the Federal Reserve, and the ECB, and the Bank of England measures to curb inflation even more difficult. And then on the other hand, I also wanted to mention that right now the added layer of geopolitics making this even more difficult. We already see this happening, which is, Biden made his trip to Saudi Arabia, but it did not get the intended consequence or intended result, which is trying to get Saudi Arabia and OPEC in general to stabilize the global oil market. And OPEC+, about a week ago, decided that they are going to cut their production by about two million barrels per day. That is about the daily consumption of, I believe it's China, or something like that. So from that perspective, by limiting production, that is going to further—that is from a pure supply/demand perspective, right? If we hold supply—we hold demand constant and if you reduce the supply, that is going to further raise the upward pressure for the prices. So geopolitics is probably going to further put upward pressure for the prices as well. And then finally, the final point I would want to make there is that right now OPEC countries—OPEC+ countries in particular—they might be—have this existential threat, which is the net zero transition. Right now, what is most valuable for Russia, or for Iran, for UAE, for Saudi Arabia—their most valuable export comes from hydrocarbon. It could be oil. It could be natural gas. So in the long run, when the entire global economy moved to zero dependence on hydrocarbon, that basically means for Russia—that's probably more close to 70 percent of their GDP and government revenue. That is going to be gone. Think about how the Russian economy can make up that much amount of revenue in the short run? That's very difficult to think about, especially these days. And this can be applied for countries like Saudi Arabia as well. Therefore, these countries—these hydrocarbon-exporting countries—they have this existential threat. Which is their most valuable export might become no longer valuable in the long run. So that's why they are—they are inherently very interested in carving a closer relationship and, more importantly, a relatively stable relationship with their stable buyers. And the buyers these days are going to not necessarily be the United States because, you've heard all these stories about the U.S. are energy independent and so on and so forth. But, you know, we can—that's a different story. And when people say U.S. is very largely energy independent, there are so many reasons that argument can be rebutted. But let me just say, U.S. does not necessarily consume a lot of energy from—exported by Saudi Arabia. But who does? China and India. So right now, China's largest energy—in terms of volume—largest energy supplier is Russia. But in terms of pure monetary value that China actually pays, and the largest receiver of Chinese money for energy, that is Saudi Arabia. Therefore, earlier this year you probably read the news about Saudi Arabia might consider allowing renminbi to pay for Saudi oil. There might be more opportunity in there, because they might be very interested, especially MBS, because of all his behaviors, might expose a lot of the Saudis individuals under U.S. sanctions. And on the other hand, China already established a renminbi denominated oil futures market. And that—although, the volume today is relatively—the volume today is relatively low, but the growth is very rapidly. So if all these major oil-exporting countries hypothetically—if they decided to suddenly switch their—the pricing of their oil overnight into renminbi instead of the dollar, we could potentially see the dollar's pricing power and invoicing power in global trade would be diminished. And that is because the infrastructure, the facility is already there. Although the volume of renminbi-denominated oil futures is still relatively low, the plumbing is there. And once you have the plumbing there, there is no way to go back. So now what the United States should do is to make sure that everybody is still very much interested in maintaining the existing dollar-based system and maintaining the pricing of commodity using U.S. dollar. And that brings in the discussion about putting an oil price to Russian oil instead of just a wholesale sanction of Russian oil. As long as we are putting a price cap to it, that basically means we are—yes, we are hurting Russian export, but still we are allowing Russian oil flowing into the international market. That still makes the dollar's pricing power in global commodities relevant. So from that perspective, I think it's the right move to preserve the dollar system. But on the other hand, those countries that are not—again, not necessarily on the geopolitical good side of the United States, they do have the intention to hedge against the risk of being sanctioned. And they need the—they need buyers to buy whatever that they have are valuable today. I hope that makes sense to you. FASKIANOS: Great. Thank you. I'm going to take the next question, a spoken question, from Dr. Seebal Aboudounya, an associate lecturer at the University of College London. You can correct me on the pronunciation of your name. Q: Yes. Hi. The pronunciation is perfect. Thank you very much. So I have two students here from the international public policy program. And they would like to ask questions. So I will just hand over to them. Thank you. Q: Hi, professor. I'm Cici and I'm a graduate student from UCL. I'm really glad you can give me a speech and answer my questions. And I want to ask questions about Belt and Road Initiative (BRI). As we all know, that Belt and Road Initiative has employment more than ten years, since 2013. And it seems as the most important foreign policy for China and their President Xi. And it has already achieved many success. So I want to ask, what's the core purpose of Belt and Road Initiative, and how can we evaluate it? And do the countries in BRI view it in a positive or a negative way? Thank you. Q: Thank you very much. And the second student will now ask a question. Q: Hi, Doctor. My question is, what's the future of global economy under the impact of Ukraine war, China-U.S. competition, and COVID-19? Thank you. Q: Thank you very much. LIU: All right. Thank you very much, Professor Aboudounya. And let me just being with the first question from Cici, right? Thank you very much, Cici, for asking this important question. And I'm so glad that you are asking something about BRI, because I do think it's important for people to understand this whole Chinese initiative. You are absolutely right that the BRI is a very important Chinese foreign policy initiative. And I would even say that the BRI is—or, the Belt and Road Initiative—is Chinese President Xi Jinping, his signature foreign policy initiative during his first two terms. Now he just recently got his—as the general secretary of the party—he just got this third term. So we'll see how BRI being played out going forward. But at least during his first term as the president of China and as the party general of the Chinese Communist Party, that was his signature foreign policy initiative, or grand strategy, if you will. So in terms of what it is and how we think about it, those are great questions. So there are very simple answer to say—to describe what BRI is. You can think about it as a global-spanning infrastructure project. So that's what it looks like. If you just put—if you just—if we have an Excel spreadsheet and we just look at, at least all the—every single project that BRI has been doing, it's really about infrastructure. And more specifically, more than 70 percent of BRI infrastructure projects are related to energy, are energy-related infrastructure projects. Therefore, you can also think about BRI as infrastructure orientated and combined with the idea of establishing China's access to global energy resources. And then, if you think about it from China's domestic perspective, why Xi Jinping decided to start this BRI initiative and what are the connections of the BRI with previous Chinese policies? I would say the reason—fundamental reason why Xi Jinping started this BRI was because of the fundamental domestic problem which is the overcapacity in China's production sector, especially steel, concrete, and a lot of these infrastructure-related sectors. And that takes place after global financial crisis, and then China's spending four trillion—four trillion yuan to stimulate its economy, and it created the major overcapacity issue at home. And the international economy—or international demand or demand from outside of China was not enough—or especially the Western market like United States or European market, they were not growing as fast to be able to absorb China's overcapacity. Therefore China really have to think about how to distribute in a broader global market to solve its overcapacity issue. So Xi Jinping, in one of his meetings, he had this saying—and I think it's very revealing, so I quote him. So he did say this, and I translate it, obviously, into English. So he said: Our overcapacity problem might be other countries—might be beneficial to other countries. In other word, we are producing a lot of this stuff that we do not use, and we are losing money. But if we are able to sell it to other countries, that might be good for them and good for us, as well. So that was—could we—if we give him the benefit of the doubt, is that a good way—is that a good intent? Sure. If we give him the benefit of the doubt, if everything he implemented perfectly, that could be mutually beneficial. And indeed, if you look at all these BRI forums or BRI summit, a lot of these are related to improve their connectedness, solve overcapacity issue, and even BR specific government-to-government level industrial production coordination fund. In other word, if government are establishing lots of money to coordinate—so much you are going to produce, how much I am supposed to produce. The idea is really to tackle the problem of overcapacity. But again, reality when you are looking at how this is being implemented, nowadays it varies. There's a very good Rhodium Group report that you probably—if you just google Rhodium Group BRI, they have this report analyzing the BRI lending. And that's where BRI really come into—really encountered a lot of problem. So you are probably familiar with the whole narrative of the data trap, so depending upon who you are talking to—so if you talk with—if you talk to Chinese project managers, or if you talk to Professor Deborah Bräutigam at SAIS/Johns Hopkins who runs the China Africa Research Initiative—if you talk to folks like them, they might tell you, well, you know, it's really not about the data trap but really speaks to the fact that China is really, really inexperienced in terms of the development finance and in terms of lending, and that the reason is that they really have a limited capacity to do, on the one hand, the environmental impact assessment. Many of these—you will be shocked. Many of these projects they do not even have a real environmental impact assessment. And on the other hand, because a lot of these lendings are directly being lent out by Chinese policy banks—and more specifically, if you look at Africa, that would be China import and export bank, they have a limited capacity to evaluate all these business plans. And I remember talking to a project manager in Mali, so I asked him, have you interacted with all those folks on how you do your—how you do your bidding in order to get the money. So this person, he was very frank with me, and he said, well, I understand how the—I understand how they want the number to look like in order to give me the loan, so I just cook the numbers so that I can get the loan. In other word, there is not necessarily an internally robust risk management process in getting out of these loans. Therefore, am I surprised to see that so much of Chinese—so much of China's BRI loan now are in trouble, like in countries like Zambia, Pakistan, Sri Lanka, and a couple of others.   So am I—am I surprised about that? I'm not surprised because if you followed this and if you realized that there is a lack of the internal risk management process, that's the result you are going to get. And it is also because of the debt, combined with the contract term, which is when you are signing a contract like—it's like, I go to the bank and I say, I am Zoe, and I bank with Charles Schwab or Bank of America. Hey, I'm going to buy a house, so how about you lend me the money. This is literally the way how contract negotiating works. And then, guess what? The banks are going to say, hey, Zoe, I do not know who you are, although you look like a good person. I do not want to lend you the money at this rate. I'm going to lend you the money, and you have to put down a collateral. So collateral is the idea that, in case I, Zoe, can no longer pay back my loan, I literally have to give up some sort of tangible asset to the bank. Now in the case of Sri Lanka, that was what happened to Hambantota. So long story short, is that combined with the collateralization of this BRI debt really feeds this debt trap narrative because, well, if it looks like you are setting the countries up to debt, and you are collateralizing their critical infrastructures, this looks like debt trap to many observers. So I can't—I have a lot of sympathy to this debt trap narrative, but really, when we think about BRI debt and how BRI is being implemented, we really need to think about two sides: on the one hand, the policy side; and the other side is really about implementation, because without implementation the policies are only a piece of paper, isn't it? So, I really encourage you to look more specifically into the details, and if you are interested in learning more about BRI, there are a lot of data set that are available. On the one hand, William & Mary—William & Mary have the aid data. If you just google William & Mary and google aid data, you will see their entire data related to BRI. And then the other website that—I would have to say, my colleague and I here at the Council, we have this BRI tracker. My colleague Benn Steil, he run—he had this BRI tracker. So you can take a look at that. And then the Council also published a BRI report last year—last year, right, Irina? We have a BRI Task Force report, so definitely check that out. And then finally there is also Boston University has the global policy institute. They have this China—they have a specific China-oriented research team, and they have—they also run seminars occasionally, and webinars—you can sign up for it and you can have access to their research. We also have this BRI data, so make sure that you check those out so that you can look at all the contract, you can look at what are the—where exactly—at what level project are being implemented. I hope that sort of covered the ground for that with BRI. And then go back to the other question—the other question about the future of global economy, especially the impact on Ukraine. I really appreciate this question as well because it's—it's really dear to my heart, too, and the research in itself is dear to my heart and to many of my colleagues here at the Council. And then, on the other hand, we also—everybody are surprised about how fast and how coherent the sanctions on Russia were able to take place. It used to be like—I myself included—like when the Europeans decided—the European Union decided, basically the next day after—following the U.S. sanctions, they basically decided that they are going to do the same. I was like, oh, gee, looking across the Atlantic, I don't think I understand you guys. It almost feel like you guys could never agree on anything anytime soon, but now, it's like overnight there is this agreement on sanction of Russia. I feel like, oh, this is unprecedented. So from that perspective, I do think the—Russia's war on Ukraine, it reunited the U.S. alliance system, and from economic perspective, I think it's very important in the sense that a lot of the economic differences that we used to have—for example, the Eurozone or, in particular, the ECB might have interest in letting the euro play a bigger role in the global system and all that. So a lot of these are—a lot of these disagreement are going to be surpassed by the priority, which is to address Russia's aggression in Ukraine. And then on the other hand, we are also seeing that, yes, European Union, despite of their heavy dependence on Russian oil and gas—and Russian gas in particular, they are willing to participate in setting a deadline to say by this—by the end of this year we are going to phase out Russia's—our dependence on Russian energy. And in that context, it is good for American energy industry in the sense that we can—here in the United States we can—in the context of making sure that our domestic energy security is secured, right, or we can't export our LNG to our—to meet the need of our European allies. So that is another good aspect of it, and then in terms of—and then finally, I would—along the line of energy I would also say this probably is also going to accelerate the transition to net zero in terms of technology and putting more resources into this technology related to energy transition. That might be related to hydrogen. Canada is already exporting its hydrogen energy to Germany and German trains are now—some German trains are now run on hydrogen power. It would be cool to check it out—how it looks, right? So that means, from energy perspective at least we are seeing the realignment of this energy supply, energy demand dynamic. And because energy is so important for production and for energy growth, that is sort of a stabilizing factor. But that being said, still we are not—I am not saying that the Europeans aren't going to—are no longer having problems. And the Europeans are still going to have problems and the IMF revised downward European growth prospect next year. They downgraded to—even further to a lower point. I believe it's point—it used to be—it used to be about 1.3 in the energy outlook earlier in July, but I think this time—a few days ago when I checked again, there are new economic outlook. They've revised it down for EU—European advanced economies that it was revised down to .06 percent growth. From that perspective combined with high inflation, literally we are seeing that Europe—the advanced European economies—or broadly speaking, Eurozone as a whole—probably are going to head towards, maybe recession is a very, very harsh word, but it definitely going to run into serious economic troubles. So in the long run, this is not a good—this is not good looking. And in the short run, at least, this is not good looking, right, and in the—if we broaden the horizon back, focusing on the economy. Another factor that constrained European growth are, in particular, let's say, the major powerhouses like Germany. A critical part of that is, they are suffering from two issues. One is their cost of electricity is simply too high, and I'm talking about this relative to—it's much higher than the United States for sure, but they are not—they are much higher than China, as well. So China energy per kilowatt is in the magnitude of 0.002 or 0.003 magnitude. And where is Germany? Germany is something like ten times of that. We are talking about .38 per kilowatt. So that basically means if your fundamental electricity cost is high, and when energy price goes up higher, electricity price is also going to go up high, and then your entire manufacture industry is going to face a higher cost. And that, combined with demographic challenges, refugee challenges, it simply means that the government are going to have a whole lot of difficult time to deal with their expenditures. So again, both from energy perspective, from cost-of-production perspective, from the demographic perspective—aging population, refugee problem—and on top of that you probably would also have to think of—take care of the aging population, meaning added social welfare costs and pension costs, so those are—those mean slowing economy, especially on advanced economies, are not necessarily looking nice. FASKIANOS: Thank you. I'm going to go next to Isaac Alston-Voyticky, who has written a question but also said, happy to ask it, so why don't you unmute yourself, please, and give us your affiliation. Q: Hello, my name is Isaac Alston-Voyticky. I am at CUNY School of Law and CCNY's Colin Powell School. I am actually graduating this semester, so—(laughs)—anyway, so my question is you posed the three classic core components of economics. Would you think in the modern day, given the immaterial nature of so much of our global market and marketplace, that knowledge as the foundation of neoclassical economics, plays an equal role as a component of modern economics? And I mean that obviously in the concept that knowledge is known, unknown, real, surreal, and unreal, of course. But also, to your first kind of opening point when you said that, you know, it's really hard for economists to model out and do predictions. When we talk about improving data sets and analysis across like IPE, international affairs, you know, implementation of international law, one of the issues we have is a lot of our economic models are still too variable-based, and that we haven't really gone past that. So if we think about it from the quantum computing, we have X, Y, Z, and T, and that's just your bare, you know, next level. And I would imagine we can do that if we find the right components so, hopefully—and, I mean, I don't know what kind of answer you have, but I'm very interested to hear. LIU: Yeah, Isaac, first of all, congratulations for getting—you are in CUNY, right? And so you are right here in the neighborhood, so you know—right? So feel free to—feel free to, on the one hand definitely check out our award-winning website, and then if me or our colleagues could be of help, just feel free to stop by. And so these are two great questions obviously, and you touch upon a lot of the complaints and the frustrations that I have with modeling—(laughs)—right? So the first question, knowledge, I fully agree with you that so far our economic models have not been able to fully appreciate, or fully absorb, or fully model the role of knowledge; for that matter, even finance. Finance, at least has this term called the intangible asset when you are evaluating a firm, and therefore your mergers and acquisitions, you pay the so-called goodwill based upon how much you value the intangible asset; meaning like knowledge, expertise, and so on, so forth—so patent and all that. So from that perspective, I think the knowledge is definitely going—knowledge is definitely going to be extremely more important going forward, and I say that both—from three aspects. The first is knowledge can improve the quality of your human resources, which touch upon basically the labor force which reverts back to one of our three factors of production. And then knowledge also is necessary for technology, and that is another factor of production. And then finally the other would be knowledge, technology, and other resources. So resources, there is capital and non-capital, meaning natural resource and all that. And there are—then the confounding factor of knowledge is being played more here because better financial expertise—well, obviously, depending upon how you use it, but sometimes, financial expertise tend to run itself in trouble. It outsmart itself; it's not necessarily good. But if we are able to—if we have better knowledge about financial market, about our debt—I go back to your second question—better data about financial market and better knowledge to improve our use of natural resources or the efficiency—improve the efficiency. Or the next day, if we all have a battery and move toward renewables—these are going to be extremely—go back to the Schumacher model—these are going to be extremely disruptive, but in a very good way. But the reason I am cautious about, you know, we may not necessarily going there overnight is because, on the one hand—technology R&D takes some time, it's expensive, but then on the other hand, it's just in the processing, the implementation part. It's really—a lot of geopolitical factors plays into it because when we think about knowledge, knowledge and the technology, those are the things that we tend to think they tend to diffuse themselves, like knowledge—you exchange knowledge, and that's the foundation of new knowledge being created. You stand on the giant's shoulders, right? Knowledge and technology tend to diffuse itself, and right now what we are observing is, on the one hand, there are a lot of—there are a lot of export controls towards certain countries, and then on the other hand, countries like China are also—are trying very hard to lower the cost of the relatively cheaper technology, right, or the less advanced technology. And that basically means if a country can or—especially a country like China can quickly achieve economies of the scale, are able to find an alternative that is cheaper but at a lesser technology, but will still get the job done, then probably that—in the short term, it can service China and also service a lot of developing economies. But for a country like China, that is not necessarily good in the long run. And then on top of that, because of export controls, because of a lot of geopolitical tensions between China and the rest of the world, but the long-run trajectory over China's indigenous development capacity is still there; China's people—there are still U.S.-trained Chinese scientists going back to China, but it is going to tremendously slow China down and making it very difficult and very costly. So if we think that, for the past forty years or so—or for the past twenty years since China joined WTO, if we believe that cheap Chinese goods tend to be—tend to benefited the rest of the world in many ways, then a slowed-down Chinese economy is bad news for the global economy, probably more true than not. China is the largest trading partner for more than 120 countries in the world, so if Chinese economy slow down, that have major ramifications for the rest. And then go back to your second question with regard to, you improve the database and in terms of modeling the limitations—that's a frustration that I have nowadays. Yes, the model themselves—oftentimes I go into a meeting, listen to a talk—especially in the econ papers, the econ paper would begin with—it's very sterilized. You begin with assumptions, and then you talk about your independent variables, your dependent variables. Right now we are really in a world where your independent variables can be—your independent variables might be suddenly changed because of geopolitics, or because of some disruptive technology, or simply because supply chain means you used to be able to get rare earth, but then if you are Japan in 2007, you were no longer able to get rare earth reliably from China. So those are going to significantly shift your calculation. Therefore I would say, I really don't have a good answer in terms of how to improve at researcher perspective, but hopefully, as you said, quantum computing, artificial intelligence might help us to get as much better information as possible. But that being said, quantum—a lot of these quantum computing and artificial intelligence is—it used to be the case that a lot of statistics are garbage in, garbage out. Hopefully, our AI and the quantum computing, as we train themselves, they can learn better than the human beings. I'm not exactly comfortable about saying that, but that's my hope. FASKIANOS: I have some—a written question from Todd Barry, adjunct professor at Hudson County Community College in New Jersey. Is it possible that China would turn inwards and switch an economy to import substitution industrialization, producing all goods domestically, without imports, like Latin America tried to in the 1970's? LIU: Right, that's a great question, and when you were asking that I was immediately thinking about the Chile and its car industry. And that was a disaster. The East Asian model, in terms of the import substitution—that's the East Asian miracle, especially applicable to, Singapore, Taiwan, Japan, South Korea to a certain extent, as well. In the case of China I would say I would be really hesitant to—in retrospect if we have this conversation twenty years down the road, I would be really, really—I would be really sad to realize that this year is the moment—or October is the—October 2022 is the moment when China started to turn inward because that is going to be disastrous for China's long-term growth. China's decade-long of double-digit growth benefitted from an open economy, benefitted from being able to trade with the rest of the world, and the United States actually welcomed China into the global system. Therefore I would be very, very sad to see this is the moment. Now is there a—is there the risk? I do see the risk, and I do see the narrative there, especially with President Xi Jinping's emphasis on domestic circulation. If you think—I would argue—in my latest publication with the CFR.org, I made this argument to say the important—the dual circulation, especially the domestic circulation, it is a departure from previous going-on strategy because going out is starting from Jiang Zemin to Hu Jintao. These are really the idea of prioritizing the international market. It's really about using international market to develop the Chinese economy. And dual circulation is a departure from that. It's not to totally abandon globally—the global market, but it really is—it prioritizes domestic market: domestic demand, domestic supply, domestic technology and—domestic technological innovation capacity, and making international market relatively supplementary. And if even—and Xi Jinping even—if Xi Jinping even intend to make the international market more dependent on China's domestic market, meaning making the rest dependent more on China. So there is the narrative there. However, in practice, I don't—I don't see how Chinese companies are able to do this because the Chinese company—a lot of Chinese companies, especially multinational Chinese companies, they still need to have access to global capital, global technology. And although it becomes—especially on the technology side has become increasingly difficult. But it is to the benefit of the Chinese company, Chinese people, and China's long-term growth potential to maintain an open economy. But there is the chance that might not happen, and if we think—if we do believe that Xi Jinping has a timeline with reference to Taiwan, then he—obviously, if there is a war breaking out, then obviously there will be consequences, and we can imagine Western sanctions, and that basically means the Chinese economy is going to be severely isolated from the global system. So from that perspective, right now a lot of these zero-COVID policies are very much—the way that I think about it is it could be interpreted as it's a drill, or it's a preparation to make sure that China is developing internal capacity to be able to absorb as much sanction shock as possible. But I don't think that—I do not think Xi Jinping is going to make up a decision and going to make a move to Taiwan, say, tomorrow. As long as we can kick the can down the road, I think that's good. FASKIANOS: Out of time, and I am sorry to say that we couldn't get to all the questions, but we appreciate it. Zoe did mention a few resources that our task force on the Belt and Road Initiative, as well as the Belt and Road tracker—we dropped the link in the chat, but we'll also send a follow-up note with links to some of those things. She also does a lot of writing on CFR.org In Briefs and articles, so you should go to CFR.org. And you can follow her on Twitter at @zongyuanzoeliu. So I encourage you all to do that. This has been a terrific hour, so thank you again, Zoe. We appreciate it. LIU: Thank you, Irina, for having me. And I really do appreciate this opportunity to engage with every participant here. If I did not get a chance to answer your questions, or if you have other questions, just feel free to reach out to Irina or feel free to reach out to me. We are here, and the Council really appreciate and the—really appreciate the colleges and student, and the Council actually—we do a lot of stuff related to education, you know—not just at a college level. We also do at high-school level— FASKIANOS: High school— LIU: —middle-school level, and even—we also even have games for kids. So if you haven't tried those out yet, just try it out. FASKIANOS: Thank you, Zoe. So our next academic webinar will be on Wednesday, November 9, at 1:00 p.m. (EST) with Lauren Kahn, who is here at the Council, on military innovation and U.S. defense strategy. And again, I just wanted to shout out. We have our CFR fellowships application deadline for educators is available. You can check it out at CFR.org/fellowships. The deadline is October 31 so it's right around the corner. Follow us at @CFR_Academic. And again, go to CFR.org, ForeignAffairs.com, and ThinkGlobalHealth.org. So thank you all for being with us. Have a great rest of your day. (END)

Feedback is essential to great leadership, building trust among team members, and creating a culture you're proud of. Asking and receiving feedback may not be easy, but it can be learned.Ultimately it's about positioning yourself to receive feedback no matter what it may be. When asking, the power is in the details - carefully chosen words create space for honest feedback. If you're a leader or a team member, your ability to receive and apply feedback will set you apart and transform the environment around you. Tangible Takeaways:Before asking for feedback, first make sure you're open to it. Truly receiving feedback (no matter what it is) builds trust.Ask, “what feedback do you have for me?” instead of, “do you have any feedback?”. Truly ask for feedback, avoid asking if they do. Everyone has feedback. It's simply a matter of them sharing it!After someone shares, ask, “is there anything else?”. Often, this is where you will receive the best feedback!Pause! Give them time to think. It's a challenge to collect thoughts on the spot and decide how to present them. Give them a comfortable space to do this.After you receive feedback, say “thank you” and leave it at that. Hold back explanations and defenses: this is about building trust.Apply the feedback! If you can't right away, let them know you have a plan to do so.About me:Karen Laos is a keynote speaker and leadership coach equipping women to stand out with unshakable confidence. She specializes in communication: executive presence and compelling messages. Karen champions female business leaders to own their value and find their voice so they can be seen and heard. She also works with teams to create cultures of trust and function at their best.Karen has coached leaders at Facebook, Google, Netflix, Uber, Sephora, Sony, Microsoft, Fidelity, Charles Schwab, Trip Advisor, Bacardi, Levi, and more. Karen's style is fun, encouraging and results-oriented. She immediately moves past the “fluff” and gets straight to the issue (just ask her clients). Connect with me:Website: https://www.karenlaos.com/Instagram: https://www.instagram.com/karenlaosofficial Facebook: Ignite Your Confidence with Karen Laos: https://www.facebook.com/groups/karenlaosconsultingLinkedIn: https://www.linkedin.com/in/karenlaos/Clubhouse: @karenlaosEpisodes also available on YouTube:https://www.youtube.com/channel/UCEwQoTGdJX5eME0ccBKiKng/videos

Quick Takes are abbreviated versions of Equity Unpacked. Just a few minutes long, they cut right to the chase of hot stock plan topics worth unpacking—quickly. Equity Unpacked® is an original podcast from Charles Schwab. The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab. Brokerage Products: Not FDIC-Insured • No Bank Guarantee • May Lose ValueThis profile is designed for U.S. residents. Non-U.S. residents are subject to country-specific restrictions. Learn more about our services for non-U.S. residents.©2022 Charles Schwab & Co., Inc. All rights reserved. Unauthorized access is prohibited. Usage will be monitored. # 1022-2F5C

You've probably caught yourself indulging after a workout or a game or a stretch of healthy eating. Maybe it was a pint or two after a soccer game or an extra piece of cheesecake after a vigorous hike. These indulgences are easier to justify after a healthy activity. Ironically, though, these indulgences can undo some of your hard work. So why do we tend to behave this way? In this episode of Choiceology withKaty Milkman, a look at how we justify our decisions based on previous behavior.Alfred Nobel was a very successful inventor and businessman. His invention of dynamite transformed industry and saved lives by reducing the use of dangerously unstable nitroglycerin. But his reputation suffered as he became associated with some of the negative uses of his creation. Gustav Källstrand is the senior curator at the Nobel Prize Museum in Stockholm, Sweden. He tells the story of how Alfred Nobel accidentally read his own obituary (spoiler: it was not a positive story) and the efforts Nobel undertook to rescue his reputation.Next, Uzma Khan joins Katy to explain why people use "good" behavior to justify "bad" behavior, and vice versa. She discusses her research into this compensating behavior and how it impacts everything from health to consumer choice to charitable giving.Uzma Khan is an associate professor of marketing at the University of Miami. Finally, Katy explains how this phenomenon relates to what Nobel laureate Richard Thaler calls mental accounting, where we tend to place time and money (and in this case morality and self-control) into accounts, even though they are fungible resources. Choiceology is an original podcast from Charles Schwab. For more on the series, visit schwab.com/podcast.[RP1]If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresAll expressions of opinion are subject to change without notice in reaction to shifting market conditions.The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.Investing involves risk, including loss of principal.All corporate names are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.The book How to Change: The Science of Getting from Where You Are to Where You Want to Be is not affiliated with, sponsored by, or endorsed by Charles Schwab & Co., Inc. (CS&Co.). Charles Schwab & Co., Inc. (CS&Co.) has not reviewed the book and makes no representations about its content.(1022-2NKP)

In this episode I'm talking with best-selling author of The Soulful Art of Persuasion, Jason Harris. This episode is all about moving beyond a transactional mindset. Jason Harris is the co-founder and CEO of award-winning creative advertising agency, Mekanism. He's the co-founder of The Creative Alliance and author of the national bestseller, The Soulful Art of Persuasion. Harris works closely with brands through a blend of creativity and performance and he calls this approach Soul Plus science, working with iconic brands like Peloton, Ben and Jerry's, Jose Cuervo, Alaska Airlines, Charles Schwab and OkCupid, among others. So what we get into in this episode is really the art of storytelling and the art of persuasion, what he calls soulful persuasion, but really what it is long term brand building with your target customer. Rather than just focusing on these short-term transactional sales, which maybe you'd think would be the default in scaling a business to the size that some of his clients have, it's really about long-term thinking. How do you continue to pour in and invest in nurturing your target customer to eventually persuade them to want to work with you? So there's a hint of marketing throughout this whole thing, but really we're talking about human psyche, persuasion, storytelling. So dig in, take a listen and see how it applies to your business. Find episode show notes, podcast blog recaps, and the best SMB news & tips on The Manual! Watch video highlights on Youtube here. Follow Chris Ronzio for more business insight. Learn more about Trainual, the world's top Business Playbook™ software. --- Send in a voice message: https://anchor.fm/processmakesperfect/message

A little confused about how we've gotten to…well, ~gestures to everything~? The S&P 500 down roughly 25% YTD, record-high inflation, and rate hike after rate hike?  SoFi's (https://www.sofi.co) Head of Investment Strategy, Liz Young, joins me to break it all down—and makes a few historically informed predictions about what's likely on the horizon in 2023. She also addresses why she thinks now's the time on which we're all going to look back and wish we bought more, what to buy during downturns, and the relationship between the stock market and the bond market. To learn more about our sponsor, Vin Social, check out https://vinsocial.co/. Episode transcripts can be found at https://www.podpage.com/money-with-katie-show/. — Mentioned in the Episode The Important Part: Investing with Liz Young: https://open.spotify.com/show/3v9RQmKZioeCCDXEdmlZNP?si=9e91ea5676834fa1&nd=1 Bond market in "bull market": https://www.nasdaq.com/articles/r.i.p-bond-bull-market-1981-2021-2021-03-16 Inverted yield curves: https://www.cnbc.com/2022/09/21/what-the-inverted-yield-curve-means-for-your-portfolio-.html Yield curves & recessions: https://www.chicagofed.org/publications/chicago-fed-letter/2018/404 Net present value: https://www.investopedia.com/terms/n/npv.asp Jack Raines's Young Money post on risk: https://www.youngmoney.co/p/rethinking-risk Liz Young's 2022 outlook, "Running Into the Wind": https://www.sofi.com/blog/2022-market-outlook/ Liz Young's H2 2022 outlook, "Running Out of Steam": https://www.sofi.com/blog/liz-looks-2h-2022-outlook-running-steam/ Roth IRA platforms mentioned: Vanguard, Fidelity, Charles Schwab (most hands-on), M1 Finance (partially hands-on), Betterment (mostly hands off) — Follow Along - Listen to Money with Katie here: https://www.podpage.com/money-with-katie-show/ - Read Money with Katie: https://moneywithkatie.com/ Follow Money with Katie! - Instagram: https://www.instagram.com/moneywithkatie/ - Twitter: https://twitter.com/moneywithkatie - TikTok: https://www.tiktok.com/@moneywithkatie   Subscribe to Morning Brew - Sign up for free today: https://bit.ly/morningbrewyt Follow The Brew! - Instagram: https://www.instagram.com/morningbrew/ - Twitter: https://twitter.com/MorningBrew - TikTok: https://www.tiktok.com/@morningbrew

There is one skill that most hard-working people are missing: how to receive. As a businesswoman, you know how to seek and tackle your to-do list. You get things done! Yet if you don't know how to receive, a part of you will always be seeking and you will be operating from lack.What if what you're seeking is already here?Sonia Miller shared amazing insights on how to make this transition, and the powerful impact it can have on our lives. Ever make a vision board and wonder why it didn't work for you? Have you noticed that when you obtain your goal, you're still not satisfied? Listen to this episode and find out why and how the power of “being” can change all of this. Tangible Takeaways:Give yourself the permission to ask: what do I want from life?Learn how to receive - most of us know how to achieve, but how do you actually receive?Every desire is chasing a feeling. Focus on the feeling you're after instead of the end result.Embrace your humanity! Stop trying to be perfect. Perfection doesn't exist.Know your value and avoid accommodating everyone else. You set the standard around you, don't bend to the standards of others. About Sonia:Sonia Miller, coach, speaker, and bestselling author, helps purpose-driven people who feel under-fulfilled to find the satisfaction they've been working so hard for. Based in 27 years of training and experience, she developed The 3 Step Receive Method™ which has proven to be a singular skill that dissolves upper limits and brings life to the joyful potential we long to feel.  Through her internationally translated best-seller, The Attraction Distraction and recently released Receive Oracle Cards™, Sonia is passionate about spreading the message that the practice of Receiving is one of the most generous things we can embody. It liberates us from being lack-based consumers to be abundantly overflowing contributors – for ourselves, our loved ones, and our world. Connect with Sonia:Website: www.surpassyourlimits.com Twitter: https://twitter.com/soniammillerInstagram: https://www.instagram.com/surpassyourlimitsmentor/LinkedIn: https://www.linkedin.com/in/sonia-m-miller/   Facebook: https://www.facebook.com/successforthesoulYoutube: https://www.youtube.com/user/SuccessfortheSou   The 3 Step Receive Method: www.thereceivemethod.com   About me:Karen Laos is a keynote speaker and leadership coach equipping women to stand out with unshakable confidence. She specializes in communication: executive presence and compelling messages. Karen champions female business leaders to own their value and find their voice so they can be seen and heard. She also works with teams to create cultures of trust and function at their best.Karen has coached leaders at Facebook, Google, Netflix, Uber, Sephora, Sony, Microsoft, Fidelity, Charles Schwab, Trip Advisor, Bacardi, Levi, and more. Karen's style is fun, encouraging and results-oriented. She immediately moves past the “fluff” and gets straight to the issue (just ask her clients). Connect with me:Website: https://www.karenlaos.com/Instagram: https://www.instagram.com/karenlaosofficial Facebook: Ignite Your Confidence with Karen Laos: https://www.facebook.com/groups/karenlaosconsultingLinkedIn: https://www.linkedin.com/in/karenlaos/Clubhouse: @karenlaosEpisodes also available on YouTube:https://www.youtube.com/channel/UCEwQoTGdJX5eME0ccBKiKng/videosMy book “Trust Your Own Voice”: https://karenlaos.com/book/

On October 17th, 2022, Steve Grzanich shares today's potential market drivers: Empire State manufacturing index Industrial production numbers Inflation numbers Earnings from Bank of America, Charles Schwab, and BNY Mellon

After another roller coaster week in the markets, Kathy Jones, Schwab's chief fixed income strategist, joins the podcast to talk about how the Fed's aggressive rate hikes are impacting the bond market, the dollar, and the global economy. She shares her thoughts on the bond market's influence on the stock market, the bond crisis in the U.K., and the impact of a strong dollar on U.S. consumers, multinational companies, and the economies of emerging-market countries. Kathy also reminds investors of the four reasons why bonds can play an important role in a diversified portfolio during these volatile times.Additionally, host Mike Townsend provides updates on Congress avoiding a government shutdown—for now—as well as a new IRS ruling that will come as a relief to anyone who has recently inherited an IRA. He also provides his perspective on key races to watch in next month's midterm elections and why the impending debt ceiling crisis is going to be a big concern for the markets next year.WashingtonWise is an original podcast for investors from Charles Schwab. For more on the series, visit Schwab.com/WashingtonWise.If you enjoy the show, please leave a ★★★★★ rating or review on Apple Podcasts. Important DisclosuresThe policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. This information does not constitute and is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, or investment manager.Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.Investing involves risk, including loss of principal. Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications and other factors. Lower rated securities are subject to greater credit risk, default risk, and liquidity risk.International investments involve additional risks, which include differences in financial accounting standards, currency fluctuations, geopolitical risk, foreign taxes and regulations, and the potential for illiquid markets. Investing in emerging markets may accentuate these risks.Currencies are speculative, very volatile and are not suitable for all investors.All corporate names are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.Diversification and asset allocation strategies do not ensure a profit and do not protect against losses in declining markets.(1022-2JCN)

Vanessa Loder has been on a journey of self awareness, from playing on the soccer field as a teen and college student, to graduating at the top of her class at an Ivy League, to finding herself, in full business attire, sneaking out of her downtown San Francisco office to attend a hypnosis and past life seminar.  Along the way, she fine-tuned her ability to pay attention to what she calls the “sacred breadcrumbs,” giving her insight into her true heart's desire.  Please listen in as Vanessa shares her perfectly imperfect journey, and gives some great advice for all of us to tune into our own inner wisdom.   “Women are so happy for a seat at the table, we haven't really questioned how the table is set”  Vanessa Loder   To order Vanessa's book and get some of her supplementary materials:  https://vanessaloder.com/soul-solution/   Some of the books Vanessa mentions: Many Lives, Many Masters by Brian Weiss The Instruction by Ainslie MacLeod Soulcraft by Bill Plotkin   Bio Vanessa Loder is an acclaimed keynote speaker and sought-after expert on women's leadership, mindfulness, stress management, rewiring your brain for happiness, owning your inner game, and sustainable success. Vanessa's work has been featured in Forbes, Fast Company, the Huffington Post and Glamour magazine. Her guided meditations have been streamed over 1 million times globally. Vanessa's Tedx talk “How To Lean In Without Burning Out” has over 155,000 views. Loder is the author of the forthcoming book, The Soul Solution: A Guide for Brilliant, Overwhelmed Women to Quiet the Noise, Find Their Superpower and (Finally) Feel Satisfied, released by SoundsTrue in October 2022.    In her previous life, Loder was a successful private equity investor who advised fast growing companies. She is a self-described over-achiever whose unfulfilling experience left her burned out, exhausted, and eager to find another way.    After spending close to a decade working in finance on Wall Street and in Silicon Valley, Vanessa felt that she had climbed to the top of the wrong ladder! Her personal transformation, subsequent research and work have led to thousands of women finding their way back to soul.    Vanessa has worked with high performing teams and leaders at AirBnb, Bain & Co, Cambridge Associates, Castlight Health, Charles Schwab, Cisco, Dreamforce, Flextronics, Goldman Sachs, Google, LinkedIn, Mattel, Orrick, Herrington & Sutcliffe, PA Conference for Women, PG&E, PwC, Sheppard Mullin, Salesforce, StubHub!, Tedx, The Dailey Method, The Hamlin School, The North Face, The Stanford Graduate School of Business, Stanford MSx Women, ThoughtSpot, Uber, Upwork, Watermark, Women in Private Equity and many other organizations.   Vanessa received her MBA from Stanford University and her BA in Economics from Columbia University where she graduated Phi Beta Kappa, Summa Cum Laude. Loder is certified as an Executive Coach by the Hendricks Institute and trained in Neuro-Linguistic Programming (NLP) by Carl Buchheit at NLP Marin. Vanessa currently lives in Lafayette, CA with her husband and two children, who remind her to take “mommy time-outs” when she's about to lose her marbles.

Yes, it is true, the entrepreneur journey is hard but it's also incredibly exhilarating! I've never regretted stepping out of the 9-5, yet I do have some advice for those considering it.Listen to how I applied the 3D's in my start-up phase, the importance of marketing, and the lessons I've learned. If you have that restless itch and a dream burning inside, take these tips and let them be fuel to your fire!  Tangible Takeaways:Carve out time and map out your 3D's - decide what you will do, declare it to others, and do it! Take action steps!Before jumping into entrepreneurship, prioritize getting your ducks in a row financially and with systems, processes, and marketing.Remember: the first few years are all about figuring it out. Once you sort out the problem you solve and how to solve it, it's time to invest in fun branding.Clarity comes with action in the entrepreneur's life! Things don't need to be perfect before you start taking action. About me:Karen Laos is a keynote speaker and leadership coach equipping women to stand out with unshakable confidence. She specializes in communication: executive presence and compelling messages. Karen champions female business leaders to own their value and find their voice so they can be seen and heard. She also works with teams to create cultures of trust and function at their best.Karen has coached leaders at Facebook, Google, Netflix, Uber, Sephora, Sony, Microsoft, Fidelity, Charles Schwab, Trip Advisor, Bacardi, Levi, and more. Karen's style is fun, encouraging and results-oriented. She immediately moves past the “fluff” and gets straight to the issue (just ask her clients). Connect with me:Website: https://www.karenlaos.com/Instagram: https://www.instagram.com/karenlaosofficial Facebook: Ignite Your Confidence with Karen Laos: https://www.facebook.com/groups/karenlaosconsultingLinkedIn: https://www.linkedin.com/in/karenlaos/Clubhouse: @karenlaosEpisodes also available on YouTube:https://www.youtube.com/channel/UCEwQoTGdJX5eME0ccBKiKng/videos

David BAum has had adventures all over the world. He's a walking storybook and a book of quotations.A Maasai warrior in Africa once gave him the nickname "La Mayan," which means one who loves to walk and talk. David has sometimes been called a conversation architect. For over 30 years he's facilitated big conversations that create big change. With two doctorates, the first finding horizontal connections as a social psychologist and the second, looking for a vertical ones in divinity, he seeks the overlap.He says his "why" is always the same to create connection without dots. And he has worked with exceptional organizations and people, including Jane Goodell, Oprah Winfrey, Bill Clinton, Conde Nast. We, The Philadelphia Flyers and Life is Good. His work has included conflict mediation in Northern Ireland, designing walking board meetings in the middle east and large-scale change projects for Shell Oil, Barclays, GE, Charles Schwab and Fidelity Investments.

If you've ever lost a job, or been through a breakup, or failed an exam, you'll know that the aftermath can be painful and disorienting. But for some percentage of those who experience these disappointing outcomes, unforeseen opportunities will arise.In this episode of Choiceology with Katy Milkman, we look at the occasional upside of being forced to quit a career, or a relationship, or even a favorite route to work.Kassia St. Clair brings us the story of William Henry Perkin. As a young man in 19th-century London, Perkin had set his sights on a career in chemistry and medicine. He devoted his time and energy to the search for a treatment for malaria, which was a growing problem around the world. Unfortunately, he failed in his quest, but his failure opened the door to a surprising new discovery that transformed an entire industry.Kassia St. Clair is a design journalist and the author of The Secret Lives of Color. Next, Annie Duke joins Katy to explain how events like a shutdown of the London subway system, or the COVID-19 pandemic, can sometimes surface new and previously unexplored options. She also discusses how our identities can be wrapped up in our choices, blinding us to alternatives that may actually serve us better.Annie Duke is a speaker and decision strategist. She's also the author of How to Decide: Simple Tools for Making Better Choices. Finally, Katy explains that while giving up on important jobs, relationships, or habits may not always be the best option, the behavioral bias of escalation of commitment can cause us to experiment and explore too little in life.Choiceology is an original podcast from Charles Schwab. If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresAll expressions of opinion are subject to change without notice in reaction to shifting market conditions.The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.Investing involves risk, including loss of principal.All corporate names are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.The book How to Change: The Science of Getting from Where You Are to Where You Want to Be is not affiliated with, sponsored by, or endorsed by Charles Schwab & Co., Inc. (CS&Co.). Charles Schwab & Co., Inc. (CS&Co.) has not reviewed the book and makes no representations about its content.(1022-29HP)

Stocks ending a volatile week in the red – so what should investors do next? Ritholtz Wealth Management's Josh Brown gives his take. Plus, Charles Schwab's Liz Ann Sonders reveals her forecast for the rest of the year. And, we break down where investors can find some opportunities amid all of the volatility.