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Henssler Money Talks – December 2, 2023Season 37, Episode 48This week on “Money Talks,” Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Managing Associate D.J. Barker, CWS®, and Associate Giuliana Barbagelata, CFP® to cover the week's market action, New Home Sales, the second reading of third-quarter GDP, and the Conference Board's Consumer Confidence survey. The financial experts provide advice for a couple of investors who are fortunate enough to not need all of their required minimum distributions from their retirement accounts for living expenses. D.J. and Giuliana explain how they can direct that money to their favorite charitable organization and the tax benefits of doing so. The hosts finish this week's show with a listener's question on online fast fashion retailer Shein's filing for an IPO. Timestamps and Chapters00:00 Market Roundup: Covering November27 – December 1, 202321: 14 Case Study: Qualified Charitable Distributions32:23 Q&A Time: Shein's IPOFollow Henssler: Facebook: http://bit.ly/HensslerFacebook Twitter: http://bit.ly/HensslerTwitter LinkedIn: http://bit.ly/HensslerLinkedIn Instagram: https://www.instagram.com/hensslerfinancial/YouTube: http://bit.ly/HensslerYouTube “Money Talks” is brought to you by Henssler Financial. Sign up for the Money Talks Newsletter: https://www.henssler.com/newsletters/
Landaas & Company newsletter December edition now available. Advisors on This Week's Show Kyle Tetting Dave Sandstrom Tom Pappenfus (with Max Hoelzl, Joel Dresang, engineered by Jason Scuglik) Week in Review (Nov. 27-Dec. 1, 2023) Significant Economic Indicators & Reports Monday New home sales declined in October, and prices fell as inventory increased slightly. The Department of Commerce said the annual sales rate dipped to 679,000, down nearly 6% from September's pace and nearly 18% ahead of the same time last year. The pace for new houses was down 12% from when the Federal Reserve started raising interest rates in early 2022; the rate was 3% behind its level just before the pandemic. The number of new houses for sale rose from September but was below October 2022. The median sales price dropped to $409,300, down 18% from year before. Tuesday While higher mortgage rates continued to suppress housing sales, relatively low inventories kept pushing prices higher in September, according to the S&P CoreLogic Case-Shiller index. The September index, unadjusted for seasonal fluctuations, rose to a record high for the third month in a row, up 3.9% from September 2022. The index was nearly 7% higher than in January, which marked a turnaround in momentum following months of declines tied to higher mortgage rates. A spokesman for S&P said the breadth and strength in the “rally” in prices supports optimism toward continued gains. The Conference Board said consumer confidence rose in November for the first time in three months. Opinions on current conditions inched down while expectations rose, though they remained low enough to suggest near-term economic recession. The business research group repeated its prediction of a short, shallow recession in 2024, but consumer expectations were the lowest so far this year. Among the concerns expressed by consumers were rising prices generally as well as war and interest rates. Wednesday The U.S. economy grew faster than previously estimated in the third quarter, rising at an annual pace of 5.2.%, the Bureau of Economic Analysis reported. Stronger business investments and increased spending from state and local governments helped offset slower consumer spending since an earlier estimate of 4.9% growth in the gross domestic product. The 5.2% pace was the highest since the end of 2021 and compares with a 2.1% rate in the second quarter of this year. Without annualizing the figures, inflation-adjusted GDP climbed 3.4% from the third quarter of 2022. The Federal Reserve's favorite measure of inflation, the personal consumption expenditure index, rose 3.4% from the year before, the slightest increase since the beginning of 2021. Thursday A key driver of the U.S. economy, consumer spending, rose in October at its slowest pace since March. The Bureau of Economic Analysis said personal spending and personal income both rose by 0.2% from September. Personal saving rose slightly but was about 40% lower than just before the pandemic. The same report showed the Personal Consumption Expenditures index rose 3% from October 2022, the lowest inflation rate since March 2021. That was down from a 41-year high of 7.1% in June 2022. The four-week moving average for initial unemployment claims fell for the second week in a row, remaining around 40% below its 56-year average. The Labor Department also reported that total claims rose more than 4% from the week before to just under 1.7 million. That was up 23% from the same time last year. The National Association of Realtors said its pending home sales index sank 1.5% in October, reaching the lowest point since it was created in 2001. The index of contract signings was down 8.5% from the year before. The trade group blamed higher interest rates for the record low and said that recent drops in rates won't be enough to offset a chronic shortage of houses for sale. Friday Manufacturing contracted in November for the 13th month...
The Consumer Confidence Index bounced back in November after three straight monthly declines as consumers' expectations – and spending – continue to improve. Still, predictions for slower economic growth and outright recession in 2024 abound. What does it all mean for the global economy? In this episode of CEO Perspectives, Dana Peterson, the Chief Economist and Leader of the Economy, Strategy & Finance Center at The Conference Board, joins President and CEO Steve Odland to discuss the latest Consumer Confidence Index and what it portends for 2024. Tune in to find out: · What big change did we see in the latest Consumer Confidence Index? · Consumer spending is up, but much of it is on credit. What does this portend for the economy? · How much more can consumer spending expand? · How will the global economy grow in 2024? Will we see a recession next year? · What potential black or grey swans could we see in 2024? For more Trusted Insights for What's Ahead: · Read: The Consumer Confidence Index for November 2023
Rural areas account for 20% of the total US population—and 97% of the country's landmass—but only about 5% of large philanthropic grants are directed to nonurban regions. Why is this? In this episode of CEO Perspectives, Paul Washington, Executive Director of the ESG Center at The Conference Board, joins President and CEO Steve Odland to discuss the ESG Center's latest report on corporate citizenship in rural communities. Tune in to find out: · What exactly defines a “rural area” in the United States? · US company headquarters are mostly in cities; how can companies justify donating in areas where they have no presence? · What benefits can companies expect when they invest more in rural communities? For more Trusted Insights for What's Ahead: · Read: Investing in Rural America: Corporate Citizenship and Rural Communities · Read: Rural Diversity: The Untapped Opportunity for Corporate America
Landaas & Company newsletter November edition now available. Advisors on This Week's Show KYLE TETTING ART ROTHSCHILD STEVE GILES (with Max Hoelzl and Joel Dresang engineered by Jason Scuglik) In a special Thanksgiving Money Talk Podcast, Kyle Tetting, Art Rothschild and Steve Giles discuss wise ways investors can plan to charitably share their wealth. Among the topics: Gifting appreciated securities Qualified charitable distributions from retirement accounts Donor-advised funds Learn more IRS Publication 526, Charitable Contributions Charitable Contributions, IRS Tax Topic An IRS FAQ on qualified charitable distributions from IRAs ONLINE GUIDES FOR SCRUTINIZING CHARITIES: BBB Wise Giving Alliance Charity Navigator Charity Watch --- Week in Review (Nov. 20-24, 2023) SIGNIFICANT ECONOMIC INDICATORS & REPORTS Monday The U.S. economy continued to show signs of weakening in October, according to the Conference Board's index of leading economic indicators. The business research group reported a 0.8% drop in the index from September and a 3.3% drop since April. That compared with a 4.5% decline in the prior six months. Manufacturing orders, consumer expectations, stock prices and lending conditions all pulled the index down in October, the Conference Board said. The group repeated its forecast of a recession in the near term and predicted the economy would expand by just 0.8% in 2024. Tuesday The National Association of Realtors said high mortgage rates and low inventories led to another decline in existing home sales in October. The annual sales rate dropped 4.1% from September to just below 3.8 million houses and condos. That was nearly 15% below the pace in October 2022. Although the number of houses for sale nudged up from September, it was down almost 6% from the year before, which helped raise the median sales price to a record $391,800. That was up 3% from October 2022, the fourth consecutive gain in prices. Wednesday The Commerce Department said durable goods orders fell 5.4% in October, the third setback in four months. Commercial aircraft led the decline. Excluding the volatile transportation sector, orders were unchanged from September and up 0.7% from the year before. Including transportation, demand for long-lasting manufactured items rose 4% from October 2022. Core capital goods orders, a proxy for business investments, dropped marginally from September and were up less than 2% from the year before. The four-week moving average for initial unemployment insurance claims declined for the first time in three weeks, staying 40% below the 56-year average. The measure continued to indicate employers' reluctance to let workers go. Total claims dropped to 1.6 million, down nearly 2% from the week before but up 28% from the same time last year. Considered a precursor to spending, consumer sentiment, rose for the fourth month in a row in November as Americans lowered expectations for business conditions and fretted that inflation would quicken again after slowing recently. The University of Michigan said the sentiment reading reached 61.3 in November, down 4% from October but up 8% from November 2022. Though they lowered their outlook overall, consumers registered optimism for their own personal finances. They also raised their long-term expectations for inflation to 3.2%, the highest since 2011. Thursday Markets and government offices closed for Thanksgiving. Friday No major releases MARKET CLOSINGS FOR THE WEEK Nasdaq – 14251, up 126 points or 0.9% Standard & Poor's 500 – 4559, up 45 points or 1% Dow Jones Industrial – 35390, up 443 points or 1.3% 10-year U.S. Treasury Note – 4.48%, up 0.04 point Not a Landaas & Company client yet? Click here to learn more. More information and insight from Money Talk Money Talk Videos Follow us on Twitter. Landaas newsletter subscribers return to the newsletter via e-mail
A new economic analysis of the U.S. economy projects a recession around the corner. An international nonprofit, The Conference Board, has released its Leading Economic Indicators report, which projects into the next year for the U.S. economy. That analysis, among other things, projects high inflation, high interest rates and declining consumer spending. --- Support this podcast: https://podcasters.spotify.com/pod/show/america-in-focus/support
Over the past months, various players have come out to point a finger at the role immigration is playing in a long list of what ails our country. From inflation, to housing affordability, to struggling post-secondary institutions, new Canadians have become an easy target. Our guests Pedro Antunes, Chief Economist at the Conference Board and Kathryn Dennler, Senior Researcher in the Conference Board's Immigration Knowledge Area to shed some light on the realities of Canada's immigration system. They talk about how Canada's record numbers of new Canadians is impacting our economy. They discuss Conference Board of Canada research that highlights how immigration can be an effective tool in helping to reduce the housing affordability crisis.About our guests: Pedro Antunes is the Chief Economist and primary spokesperson at The Conference Board of Canada. He provides insights and general direction for the Board's economic products, including reports and economic indicators that relate to Canada and its regions and sectors. Pedro provides media interviews in English and French as well as expert testimony before parliamentary and senate committees. He is widely sought for speaking engagements and presentations to industry leaders and decision-makers on a broad range of issues and topics that impact Canadians.Kathryn Dennler joined the Immigration Knowledge Area at The Conference Board of Canada in March 2021. Her research examines Canada's immigration and settlement policies and their impacts on newcomers. Kathryn has worked on immigration as a researcher, educator, and service provider for over fifteen years and across five countries. Kathryn holds a PhD in Geography from York University, Canada.Read more: Work in Progress: How Immigration Can Address Labour Shortages in Residential Constructionhttps://www.conferenceboard.ca/product/work-in-progress/ The Leaky Bucket: A Study of Immigrant Retention Trends in Canadahttps://www.conferenceboard.ca/product/the-leaky-bucket/
Stocks rise; The Conference Board expects brief recession early next year; loan application rates fall; mortgage rejection rates lower than last year.
Medicare costs are expected to jump from 3.8% of GDP in 2023 to 6% in just 10 years. Why is this happening? And what does it mean for everyone seeking health care in the US? In this episode of CEO Perspectives, Lori Esposito Murray, President of the Committee for Economic Development of The Conference Board, joins President and CEO Steve Odland to discuss how Medicare started, how it has evolved and what we can do to keep it running. Tune in to find out: · How did Medicare come about, and how does it work? · Why does Medicare's cost as a part of the federal budget continue to grow? · Could increasing market competition lower costs and improve health care benefits? · Why should everyone, not just those nearing or at retirement, care about this issue? For more Trusted Insights for What's Ahead: · Read the CED report Health Care Policy After the Pandemic · Watch the on-demand webcast CED Policy Watch: Health Policy After the Pandemic “Today, Medicare program costs in fiscal year 2023 are about 12% of the total federal government spending; that's about 3.8% of GDP. In 10 years this is expected to become 6% of GDP. So that's huge.” -- Lori Esposito Murray
In this episode Karen Mangia shares her insights on the importance of values alignment in entrepreneurship and leadership, her personal journey, and her upcoming book, "Sundays with Salvador.” She also discusses the concept of moving from momentous to momentum, emphasizing the effectiveness of focusing on small, actionable steps. Karen highlights the significance of defining success on one's own terms, suggesting that clarity in this area can guide decision-making and filter opportunities. Karen Mangia is the President & Chief Strategy Officer of The Engineered Innovation Group, a high-growth B2B SaaS startup, and a Board Advisor for Podopolo, a VC-backed startup revolutionizing podcasting with AI. With a background as the Vice President of Customer and Market Insights at Salesforce, she provided strategic consultation to Fortune 1000 companies and high-growth businesses to drive transformation and growth. A leading authority on Customer Experience, Customer Success, and the Future of Work, Karen has chaired the Customer Experience Council for the Conference Board and led multiple Customer Advisory Boards. Prior to Salesforce, she held key roles at Cisco Systems, achieving remarkable success in global voice of the customer and supplier diversity. Karen is also a host of the Future of Work podcast, "Success From Anywhere," and an author of four books, including the WSJ Bestseller "Success From Anywhere: Create Your Own Future of Work From the Inside Out." She is a Certified Customer Experience Professional (CCXP) and has received several prestigious awards for her contributions, including the Ball State Distinguished Alumni Award and the Ivy Tech Distinguished Alumni Award. You can connect with Karen in the following ways: Website: https://engineeredinnovationgroup.com/ Linkedin: https://linktr.ee/karenmangia Whether you are a C-Suite Leader of today or tomorrow, take charge of your career with confidence and leverage the insights of The CEO's Compass: Your Guide to Get Back on Track. To learn more about The CEO's Compass, you can get your copy here: https://amzn.to/3AKiflR Other episodes you'll enjoy: C-Suite Goal Setting: How To Create A Roadmap For Your Career Success - http://bit.ly/3XwI55n Natalya Berdikyan: Investing in Yourself to Serve Others on Apple Podcasts -http://bit.ly/3ZMx8yw Questions to Guarantee You Accomplish Your Goals - http://bit.ly/3QASvym See omnystudio.com/listener for privacy information.
Stocks rise; The Conference Board expects brief recession early next year; loan application rates fall; mortgage rejection rates lower than last year.
Recent years have tested our resiliency in myriad ways: a global pandemic, wars, and economic uncertainly have all strained our limits. We often think about resiliency in individual terms, but what does it look like for businesses to be resilient? And how can companies cultivate flexibility in the face of change? In this episode of CEO Perspectives, Jon Bahl, CEO of Agility Recovery, joins Paul Washington, Executive Director of the ESG Center at The Conference Board, to discuss how organizations can make operational resilience a competitive advantage. Tune in to find out: · What is operational resilience? · How do companies and other organizations cultivate it? · What would it look like to simplify resiliency and make it more accessible? · How can CEOs themselves be more resilient? · What five disruptions are resiliency professionals calling out as ones to watch? For more Trusted Insights for What's Ahead: · Read: Making Operational Resilience a Competitive Advantage · Access: The ESG Center at The Conference Board
Henssler Money Talks – November 4, 2023Season 37, Episode 44This week on “Money Talks,” Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Senior Associate Logan Daniel, CFP®, CRPC®, and John Dickson, CPA, CVA, CFP®, Tax Partner with Henssler CPAs & Advisers. The hosts discuss the week's market movements, the Personal Income and Consumer Confidence reports and the Fed's monetary policy meeting. John discusses Georgia tax credits that allow taxpayers to direct their tax money to causes they care about. The experts round out the show further discussing portfolio risk and diversification from last week. Timestamps and Chapters00:00 Market Roundup: Covering October 30 – November 3, 202324:59 Case Study: Georgia Tax Credits35:30 Q&A Time: Diversification—not just for your portfolio Follow Henssler: Facebook: http://bit.ly/HensslerFacebook Twitter: http://bit.ly/HensslerTwitter LinkedIn: http://bit.ly/HensslerLinkedIn Instagram: https://www.instagram.com/hensslerfinancial/YouTube: http://bit.ly/HensslerYouTube “Money Talks” is brought to you by Henssler Financial. Sign up for the Money Talks Newsletter: https://www.henssler.com/newsletters/
Landaas & Company newsletter November edition now available. Advisors on This Week's Show Kyle Tetting Adam Baley Mike Hoelzl (with Max Hoelzl, Joel Dresang, engineered by Jason Scuglik) Week in Review (Oct. 30-Nov. 3, 2023) Significant Economic Indicators & Reports Monday no significant reports Tuesday Housing prices continued gaining in August, according to the S&P CoreLogic Case-Shiller national home price index. The measure showed broad gains in prices across the country with year-to-year price increases accelerating in 19 of 20 cities studied. The national index was up 2.6% from the year before, vs. a 1% year-to-year gain in July. The index was 6.4% ahead of its recent bottom in January. A spokesman for the index explained the rising prices by saying that higher mortgage rates have been suppressing the supply of houses for sale more than the demand. The Conference Board said its consumer confidence index dipped in October for the third month in a row, suggesting expectations for an economic recession. The business research group said consumers are preoccupied with rising prices and expressed concerns about political volatility and global uncertainty, including war in the Middle East. The Conference Board repeated its prediction of a short, shallow downturn in the first half of 2024. Wednesday The manufacturing sector contracted in October for the 12th month in a row, according to the Institute for Supply Management. The trade group's index, based on surveys of industry purchasing managers, showed new orders declining at a faster rate while production grew, though slower than it had in September. Employment fell after having expanded the month before, and some companies reported considering layoffs. The group said based on past index readings, the U.S. gross domestic product is receding at an annual rate of 0.7%. The Commerce Department said construction spending rose slightly in September, aided by single-family housing. At a seasonally adjusted annual rate of nearly $2 trillion, expenditures were up 0.4% from the August pace and up almost 9% from the year before. Spending on residential construction, which accounted for 44% of the total, rose 0.6% for the month but was 2.1% lower than the year-ago pace. Expenditures on factory construction fell 0.4% from August but was up 62% from the year before. Job openings rose slightly in September, another sign of the labor market's resilience so far amid Federal Reserve Board efforts to slow the economy. Openings rose 0.6% from August to 9.6 million positions, the Bureau of Labor Statistics reported. That was 12% below the September 2022 level but still higher than the 7 million mark just before the COVID pandemic. The report showed little change in the numbers and rates of hires, separations and quits. Compared to the number of unemployed people actively seeking jobs, demand for workers outnumbered supply by about 3 million, little changed from August. Thursday The four-week moving average for initial unemployment claims rose for the second week in a row, though the level continued to reflect tight labor conditions. The measure was 43% below the all-time average, according to Labor Department data. The report said 1.6 million Americans claimed jobless benefits in the latest week, up 2% from the week before and up 28% from the year before. The Bureau of Labor Statistics said the annual rate of worker productivity rose in the third quarter by 4.7%, the most in three years. Measuring year to year, third-quarter productivity rose 2.2% for the third consecutive acceleration. Over the last four quarters, productivity rose because output, which was up 3.1%, exceeded the 0.8% increase in hours worked. Hourly compensation rose at a 3.9% annual rate in the third quarter, so labor costs fell 0.8%. Measured from the third quarter of 2022, labor costs gained 1.9%. The Commerce Department said the value of factory orders rose 4.
Today's research from The Conference Board shows US consumer confidence declined moderately in October—a trend C-Suite executives will want to watch. Consumers are particularly concerned about rising food and energy costs. In this episode of CEO Perspectives, Dana Peterson, Chief Economist, joins Erik Lundh, Principal Economist, both of The Conference Board, to discuss newly released data on consumer confidence in the US. Tune in to find out: · What is the main message the C-Suite should take away from today's US Consumer Confidence Index? · What caused the movement in the overall confidence index? · What is The Conference Board's forecast for the US economy, and does it match consumers' expectations? · How will rising consumer debt affect the financial sector? For more Trusted Insights for What's Ahead: · The Consumer Confidence Index for October 2023 · Q3 GDP expands by an unsustainable 4.9 percent
The Conference Board expects global growth to slow to 2.5%, well below the 3.3% average prior to the pandemic. Declining contributions from labor and capital are mainly responsible for the downward trend. But new technologies, investment in people, and high productivity could improve growth. What should leaders know about operating in this environment? In this episode, Dana Peterson, Chief Economist and Leader of the Economy, Strategy & Finance Center, joins Steve Odland, President and CEO, both of The Conference Board, to discuss the outlook and economic conditions around the globe. Tune in to find out: · What are the upsides and downsides to the outlook over the next decade? · How are the three inputs to the global economy—labor, capital, and productivity—shifting and impacting growth? What will this “mix” look like in the decade ahead? · What trends are on the horizon—globally and within regions? · Which economies will drive growth over the next decade? · How might the Israel-Hamas war effect the MENA region economy, and consequently, the rest of the world? For more Trusted Insights for What's Ahead™: · Read: Global Economic Outlook 2024 to 2036 · Read: Economic Forecast for the US Economy · Visit: The Global Recession Hub: Navigating the Economic Storm (continuously updated) · Visit: Data Central for forecasts and long-term projections
According to The Conference Board, “Job satisfaction was up across the board in 2022—and especially high for workers who switched jobs.“ If you've been considering a job or career change to gain greater satisfaction, now might be the perfect time. To inspire you, in this episode you'll hear from Lacie Thorne, a dynamic professional who has seamlessly transitioned from the world of fashion to the tech industry. Lacie was a Luxury Fashion Project Manager in Hong Kong, and Fashion Designer for Jennifer Lopez, Nicki Minaj and Adam Levine under the leadership of Tommy Hilfiger. With this foundation in Fashion Design and Marketing, Lacie made her career pivot and recently graduated from the Yale School of Management with an MBA focused on Sustainability. Also in this episode, a career tip on how to identify an important element of your ideal career – Your Key Motivators. When was the last time you jumped out of bed excited for a fun day of work at the office? Or did you just laugh when hearing that sentence? If you begrudgingly get up and struggle just to get through the workday, you probably know you're not motivated by your work. Listen in and get clear what does motivate you! And check out my book, Are You Ready to Love Your Job? Make a Great Living Through Soul Search, Research and Job Search - available on Amazon where it ranked as a #1 New Release in Job Search. Thank you to our sponsor: StayLuxurious.com Want to experience a luxurious guided wine tour from the comforts of your own home? StayLuxurious.com travel writer and Florida Keys five-star food tour guide Craig Zabransky is back for his 8th public wine tasting and this time he is exploring the fabulous wines of France. Learn more and sign up today!
GDP Script/ Top Stories for Oct 27th Publish Date: Oct 26th Hennsler: 15 From the Henssler Financial Studio Welcome to the Gwinnett Daily Post Podcast. Today is Friday, October 27th and happy birthday to musician Scott Weiland. ***STONE TEMPLE PILOTS*** I'm Bruce Jenkins and here are your top stories presented by Mall of Georgia. Buford alum Elexa Bahr to face USWNT with Colombia after historic Women's World Cup run Prosecutors Questions Lead To Mistrial In Peachtree Corners Gas Station Murder Case Lake Lanier and Coolray Field to host National Professional Fishing League finale All of this and more is coming up on the Gwinnett Daily Post podcast, and if you are looking for community news, we encourage you to listen daily and subscribe! Break 1: MOG STORY 1: Buford alum Elexa Bahr to face USWNT with Colombia after historic Women's World Cup run Elexa Bahr, a former Buford High School alum, has experienced a remarkable soccer journey, representing various countries in her career. After playing professional soccer in Colombia and Australia, she recently participated in the 2023 Women's World Cup as a part of Colombia's first-ever quarterfinal run. Currently playing for América de Cali in Colombia, Elexa was called up to the Colombian national team. Her ability to represent different nations, including the United States, Honduras, and Colombia, led to her becoming a key player for Colombia. Her family, including her parents, watched her games in the Women's World Cup despite the distance. Elexa's future goals include facing the U.S. women's national team and participating in the 2024 Olympics in Paris with her Colombian team. Her soccer journey has been an inspiration to her family, proving that anything is possible. STORY 2: Prosecutors Questions Lead To Mistrial In Peachtree Corners Gas Station Murder Case A mistrial has been declared in the trial of three suspects accused of murdering Bradley Coleman, a coach and Norcross high school graduate, during a failed carjacking in July 2022. The mistrial was declared due to actions by prosecutors during the trial. Prosecutors recalled a witness and appeared to lead her into saying her boyfriend had committed the murder, which the defense raised objections to. The judge agreed with the defense and declared a mistrial for all three defendants. The DA's Office plans to retry the case, but the mistrial may add tension to the race for district attorney in the upcoming election. STORY 3: Lake Lanier, Coolray Field to host National Professional Fishing League finale The 2023 National Professional Fishing League is concluding its schedule from October 26 to 28 on Lake Lanier, hosted by the Gwinnett County Sports Commission. The event includes community outreach on October 25, practice sessions from October 22 to 24, and main events from Thursday to Saturday. Daily launch events occur at the Laurel Park Boat Ramp, with weigh-ins at Coolray Field, the Gwinnett Stripers' home in Lawrenceville. The event offers a $100,000 first-place prize, and anglers are competing for the 2023 Progressive Angler of the Year title, with Todd Goade currently leading the race. The top 20 will qualify for the Championship Event in spring 2024 at Lake Amistad. We have opportunities for sponsors to get great engagement on these shows. Call 770.874.3200 for more info. We'll be right back Break 2: Peggy Slappy – ESOG – TOM WAGES OBITS STORY 4: A failure to deliver for our children A shortage of the groundbreaking infant immunization nirsevimab is putting thousands of infants and toddlers at risk of RSV (respiratory syncytial virus) hospitalization. This monoclonal antibody prevents RSV hospitalizations by 70%, but supply constraints are limiting its availability. The only manufacturer, Sanofi, recently announced a supply shortage, even though the Centers for Disease Control and Prevention (CDC) recommended nirsevimab for every child under 8 months during the RSV season. The CDC's response to the shortage is to prioritize high-risk infants. The shortage highlights systemic issues in children's healthcare, and the article emphasizes the need to prioritize child health, citing the rapid response to COVID-19 for adults and the consequences of the vaccine delay for young children. STORY 5: New blood test can help diagnose bipolar disorder Researchers at Cambridge University have developed a blood test to help diagnose bipolar disorder, which is often misdiagnosed as major depressive disorder. The test, used in combination with an online psychiatric assessment, identified biomarkers associated with the condition and was effective at diagnosing bipolar disorder in patients. While a psychiatric assessment is the most effective way to diagnose bipolar disorder, patients often face long waits and delays. The blood test, which is still a proof of concept, could be used to differentiate between the two disorders and provide quicker and more accurate diagnoses. We'll be back in a moment Break 3: JACKSON EMC – INGLES 9 – Lawrenceville STORY 6: 20-year-old Shot Dead Near Gwinnett Shopping Center Over the Weekend In the early hours of Saturday morning, a shooting investigation in Gwinnett County was initiated following a call to Northside Hospital's Sandy Springs campus. The hospital contacted police after friends brought in a 20-year-old man from Norcross with a gunshot wound. Unfortunately, the man succumbed to his injuries. Detectives believe the shooting occurred at a business along Jimmy Carter Boulevard, although the victim's identity has not been released. Authorities are urging anyone with information to contact them or provide tips anonymously through Crime Stoppers, which offers a cash reward for information leading to an arrest and indictment. STORY 7: Economic Signals: Understanding the Leading Economic Indicators The U.S. economy presents mixed signals, with some indicators suggesting a recession while others show growth. To make economic predictions, financial analysts and economists rely on the Leading Economic Indicators (LEI). The LEI, published by The Conference Board, combines 10 data sources, both financial and non-financial, such as the S&P 500 Index, unemployment claims, and average consumer expectations. These components cover various aspects of economic activity and provide insight into future economic conditions. However, the LEI is not a perfect system, as it doesn't provide precise timing for economic changes, and indicators can fluctuate without leading to a recession. While investors can use the LEI for tactical decisions, their overall portfolio strategy should remain consistent in different economic conditions. We'll have final thoughts after this. Break 4: Henssler 60 Signoff – Thanks again for hanging out with us on today's Gwinnett Daily Post podcast. If you enjoy these shows, we encourage you to check out our other offerings, like the Cherokee Tribune Ledger Podcast, the Marietta Daily Journal, the Community Podcast for Rockdale Newton and Morgan Counties, or the Paulding County News Podcast. Read more about all our stories, and get other great content at Gwinnettdailypost.com. Did you know over 50% of Americans listen to podcasts weekly? Giving you important news about our community and telling great stories are what we do. 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Inspiring People, Inspiring Journeys, is a new podcast series in 2023, moderated by Sanja Haas, Chairwoman of the Advisory Board for the European Human Capital Center at The Conference Board. Each episode features an informal conversation with a CHRO about their role & responsibilities, professional journey and perspectives about HR careers and the future of the function. In this eighth episode, Sanja sits down with Mieke van de Capelle, CHRO at dsm-firmenich. Mieke shares with us what it's like being a CHRO in a newly merged conglomerate (the B2B company touches 4 billion people on a daily basis indirectly) and how this is a daunting experience - both incredibly rewarding and challenging at the same time. Rewarding because of the opportunity to be building a company fit for purpose; challenging because everything is up for reevaluation. She tells us about her different professional experiences and journey which prepared her for the current role, including being part of a very long post-merger integration as her first role as CHRO in 2012. Mieke explains that she does not have a “recipe book” and that every situation is different with no “one size fits all”. Having experience is one thing, but not enough. Mieke shares that in order to make a difference as an HR Professional, experience needs to be coupled with a mindset of being open to listen, learn and understand what is needed for the business.
With recent rating downgrades of banks heavily exposed to commercial real estate (CRE)—and office space in particular—concerns about the US banking sector are resurfacing. The unprecedented shift to flexible work has not only prompted many companies to seek a smaller footprint but also spaces with greater energy efficiency for sustainability and modern amenities to lure workers back to the office. In this episode of CEO Perspectives, Erin McLaughlin, Senior Economist in the Economy, Strategy & Finance Center, joins Steve Odland, President and CEO, both of The Conference Board, to discuss what this shift and plummeting CRE values may mean for banking, lending, and economy in general. Tune in to find out: · How have business conditions changed in the wake of hybrid work arrangements? · Small and mid-size banks hold the most CRE assets; what could this mean for their future or for M&A activity? · What is the Fed doing to prevent bank failures? · What are the potential ripple effects throughout the economy—and the urban landscape? For more Trusted Insights for What's Ahead™: · Read: 2023 Banking Crisis: US By the Numbers, 6-Month Update · Watch: Economy Watch: The 2024 Global Economic Outlook
Landaas & Company newsletter October edition now available. Advisors on This Week's Show Kyle Tetting Art Rothschild Tom Pappenfus (with Max Hoelzl, Joel Dresang, engineered by Jason Scuglik) Week in Review (Oct. 16-20, 2023) Significant Economic Indicators & Reports Monday No major announcements Tuesday In a further sign of economic resilience, retail sales advanced 0.7% in September. The Commerce Department reported that 10 of 13 major categories had sales increases in September, including a 1.1% gain for online retailers and a 1% bump for car dealers. Appliance stores, home-and-garden centers and clothing stores experienced declines. Sales at bars and restaurants rose by 0.9%, an indication that consumers remain comfortable spending. Consumer spending drives nearly 70% of U.S. economic activity. The Federal Reserve reported that industrial production rose 0.3% in September and capacity utilization advanced to its long-term average for the first time in five months. The capacity rate, a measure of potential inflation pressure, suggested that factories, mines and utilities were regaining balance after months of underusing their operations. The capacity rate for factories stayed below its long-run average for the fifth month in a row. The Fed said total industrial output was up just 0.1% from September 2022 and had grown at an annual rate of 2.5% in the third quarter. Manufacturing production rose 0.4% in September and was down 0.8% from the year before. Wednesday The U.S. housing market continued to suggest weakness in September as the pace for both housing starts and building permits stayed below pre-pandemic levels. Figures from the Commerce Department showed new construction, including multi-family units, about 25% below its pace in mid-2022. Starts for single-family houses have been below their pre-COVID level since May 2022. The pace of housing permits, an indicator of commitments to future homebuilding, also has hovered lower since the Fed began raising interest rates in 2022. Single-family housing permits, however, rose in September for the eighth month in a row, though still below the pre-pandemic level. And though new construction has been slowing, data showed that the rate of houses under construction stayed near record level, despite 14 consecutive declines for single-family units. Thursday The four-week moving average for initial unemployment claims fell for the seventh week in a row, dipping to its lowest point since the beginning of February. The measure of employers' reluctance to let workers go was 44% behind the long-term average, dating to 1967. According to Labor Department data, total jobless claims fell below 1.6 million in the latest week, down nearly 2% from the week before, though up 29% from the year before. The pace of existing home sales sank 2% in September, descending to its lowest mark in 13 years. The National Association of Realtors cited limited inventory and low affordability fueled by rising mortgage rates. Houses sold at an annual rate of 3.96 million, down 15.4% from September 2022, the Realtors reported. Inventory rose 2.7% from August to 1.1 million houses, the lowest for September since 1999. The trade group said the median sales price in September was $394,300, up 2.8% from the year before. The Conference Board said its index of leading economic indicators declined 0.7% in September, shrinking for the 18th month in a row. Of 10 components in the index, nine were either negative or flat. The six-month pace of contraction slowed from the preceding six months. Still, the business research group forecast a shallow recession for the first half of 2024. Friday No major announcements MARKET CLOSINGS FOR THE WEEK Nasdaq – 12984, down 423 points or 3.2% Standard & Poor's 500 – 4224, down 104 points or 2.4% Dow Jones Industrial – 33126, down 544 points or 1.6% 10-year U.S. Treasury Note – 4.92%, up 0.30 point
Melissa Giles, Executive Director of Portfolio and Platform Management with Americana Partners, presents the Monthly Market Commentary as written by, David M Darst, Chief Investment Officer with Americana Partners. Any charts/graphs referenced are available in print format and may be provided at your request. David is currently the Chief Investment Officer for Americana Partners. David served for 17 years as a Managing Director and Chief Investment Strategist of Morgan Stanley Wealth Management, with responsibility for Asset Allocation and Investment Strategy; was the founding President of the Morgan Stanley Investment Group; and was founding Chairman of the Morgan Stanley Wealth Management Asset Allocation Committee. After 2014, he served for several years as Senior Advisor to and a member of the Morgan Stanley Wealth Management Global Investment Committee. He joined Morgan Stanley in 1996 from Goldman Sachs, where he held Senior Management posts within the Equities Division and earlier, for six years as Resident Manager of their Private Bank in Zurich. David is the Author of twelve books: (i) The Complete Bond Book (McGraw-Hill); (ii) The Handbook of the Bond and Money Markets (McGraw-Hill); (iii) The Art of Asset Allocation, Second Edition (McGraw-Hill); (iv) Mastering the Art of Asset Allocation (McGraw-Hill); (v) Benjamin Graham on Investing (McGraw-Hill); (vi) The Little Book that Saves Your Assets (John Wiley & Sons), which was ranked on the bestseller lists of The New York Times and Business Week; (vii) Portfolio Investment Opportunities in China (John Wiley & Sons); and (x) Portfolio Investment Opportunities in Precious Metals (John Wiley & Sons). His works have been translated into Chinese, Japanese, Russian, German, Korean, Italian, Indonesian, Norwegian, Romanian, and Vietnamese. Seapoint Books published David's eleventh book in 2012 , Voyager 3, containing his creative writing, and in 2016, his twelfth book, Flim-Flam Flora, a children's book coauthored with his daughter. David appears as a frequent guest on CNBC, Bloomberg, FOX, PBS, and other television channels, and has contributed numerous articles to Barron's Euromoney, The Money Manager, Forbes.com, The Yale Economic Review, and other publications. He has broadcast and written extensively on asset allocation in the Morgan Stanley biweekly Investment Strategy and Asset Allocation Commentary and in the Firm's Wealth Management monthly publication, Asset Allocation and Investment Strategy Digest, the predecessors of which he launched in 1997. David attended Father Ryan High School in Nashville, Tennessee, graduated from Phillips Exeter Academy, was awarded a BA degree in Economics from Yale University, and earned his MBA from Harvard Business School. David serves on the Investment Committee of the Phi Beta Kappa Foundation and the Advisory Boards of the George Washington Institute for Religious Freedom and the Black Rock Arts Foundation. David has lectured extensively at Wharton, Columbia, INSEAD, and New York University Business Schools, and for nine years, David served as a visiting faculty member at Yale College, Yale School of Management, and Harvard Business School. In November 2011, David was inducted by Quinnipiac University in their Business Leaders Hall of Fame. David is a CFA Charter holder and a member of the New York Society of Security Analysts and the CFA Institute. Join Our Distribution List – For a full copy of our report. Americana Partners - https://www.americanapartners.com/contact/ Americana Partners Website - https://www.americanapartners.com/ Linked In - https://www.linkedin.com/company/americana-partners/ Spotify - https://open.spotify.com/show/3rX19ND89pwEob9efsFNNF iTunes - https://podcasts.apple.com/us/podcast/americana-partners/id1496186853 Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkLnBvZGJlYW4uY29tL2FtZXJpY2FuYXBhcnRuZXJzL2ZlZWQueG1s?sa=X&ved=0CAYQrrcFahcKEwj4gZrR_OnwAhUAAAAAHQAAAAAQAg Disclosures Americana Partners, LLC is registered as an investment adviser with the SEC. The firm only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser does not constitute an endorsement of the firm by securities regulators nor does it indicate that the adviser has attained a particular level of skill or ability. A copy of Americana Partners' current written disclosure brochure filed with the SEC which discusses among other things, Americana Partners' business practices, services and fees, is available through the SEC's website at: www.adviserinfo.sec.gov. The tax and legal information contained in this newsletter is general in nature. It should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation. Foreign securities, foreign currencies, and securities issued by U.S. entities with substantial foreign operations can involve additional risks relating to political, economic, or regulatory conditions in foreign countries. These risks include fluctuations in foreign currencies; withholding or other taxes; trading, settlement, custodial, and other operational risks; and less stringent investor protection and disclosure standards in some foreign markets. All of these factors can make foreign investments, especially those in emerging markets, more volatile and potentially less liquid than U.S. investments. In addition, foreign markets can perform differently from the U.S. market. Investing involves certain risks, including possible loss of principal. You should understand and carefully consider a strategy's objectives, risks, fees, expenses and other information before investing. The views expressed in this commentary are subject to change and are not intended to be a recommendation or investment advice. Such views do not take into account the individual financial circumstances or objectives of any investor that receives them. The strategies described herein may not be suitable for all investors. There is no guarantee that the adviser will meet any of its investment objectives. All indices are unmanaged and are not available for direct investment. Indices do not incur costs including the payment of transaction costs, fees and other expenses. This information should not be considered a solicitation or an offer to provide any service in any jurisdiction where it would be unlawful to do so under the laws of that jurisdiction. Past performance is no guarantee of future results. It is not possible to invest directly in an index. Exposure to an asset class represented by an index is available through investable instruments based on that index. The S&P 500® Index is a widely recognized, unmanaged index of 500 common stocks which are generally representative of the U.S. stock market as a whole. The Nasdaq Composite® Index is the market capitalization-weighted index of over 2,500 common equities listed on the Nasdaq stock exchange. The types of securities in the index include American depositary receipts, common stocks, real estate investment trusts (REITs) and tracking stocks, as well as limited partnership interests. The EAFE® Index is a stock index offered by MSCI that covers non-U.S. and Canadian equity markets. It serves as a performance benchmark for the major international equity markets as represented by 21 major MSCI indices from Europe, Australasia, and the Middle East. The EAFE® Index is the oldest international stock index and is commonly called the MSCI EAFE Index. The Russell 2500® is a market-cap-weighted index that includes the smallest 2,500 companies covered in the broad-based Russell 3000 sphere of United States-based listed equities. All 2,500 of the companies included in the Index cover the small- and mid-cap market capitalizations. The Russell 1000® Growth Index is an unmanaged index that measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000® Index companies with higher price-to-book ratios and higher forecasted growth values. The CBOE Volatility Index (VIX) is a measure of expected price fluctuations in the S&P 500 Index options over the next 30 days. The VIX is calculated in real time by the Chicago Board Options Exchange (CBOE). P/E or Price to Earnings ratio is indicates the dollar amount an investor can expect to invest in a company in order to receive one dollar of that company's earnings. The Consumer Confidence Survey® reflects prevailing business conditions and likely developments for the months ahead. The Manufacturing Business Outlook Survey is a monthly survey of manufacturers in the Third Federal Reserve District; Participants indicate the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The ISM manufacturing index, also known as the purchasing managers' index (PMI), is a monthly indicator of U.S. economic activity based on a survey of purchasing managers at more than 300 manufacturing firms. The Composite Index of Leading Indicators, otherwise known as the Leading Economic Index (LEI), is an index published monthly by The Conference Board. It is used to predict the direction of global economic movements in future months. A bond rating is a letter-based credit scoring scheme used to judge the quality and creditworthiness of a bond. The option adjusted spread (OAS) measures the difference in yield between a bond with an embedded option, such as an MBS or callables, with the yield on Treasuries. Mean reversion, in finance, suggests that various phenomena of interest such as asset prices and volatility of returns eventually revert to their long-term average levels. A meme stock is a security that has seen an increase in trading volume after going viral on social media or an online forum. This document may contain forward-looking statements relating to the objectives, opportunities, and the future performance of the U.S. market generally. Forward looking statements may be identified by the use of such words as; “believe,” “expect,”“anticipate,”“should,”“planned,”“estimated,”“potential”and other similar terms. Examples of forward-looking statements include, but are not limited to, estimates with respect to financial condition, results of operations, and success or lack of success of any particular investment strategy. All are subject to various factors, including, but not limited to general and local economic conditions, changing levels of competition within certain industries and markets, changes in interest rates, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors affecting a portfolio' operations that could cause actual results to differ materially from projected results. Such statements are forward-looking in nature and involve a number of known and unknown risks, uncertainties and other factors, and accordingly, actual results may differ materially from those reflected or contemplated in such forward-looking statements. Prospective investors are cautioned not to place undue reliance on any forward looking statements or examples. This material is proprietary and may not be reproduced, transferred, modified or distributed in any form without prior written permission from Americana Partners. Americana Partners reserves the right, at any time and without notice, to amend, or cease publication of the information contained herein. Certain of the information contained herein has been obtained from third-party sources and has not been independently verified. It is made available on an "as is" basis without warranty. Any strategies or investment programs described in this presentation are provided for educational purposes only and are not necessarily indicative of securities offered for sale or private placement offerings available to any investor. The mention of any individual security should not be construed as a recommendation to buy or sell that security.
The Conference Board Measure of CEO Confidence™ for Q4 shows that US CEOs are less optimistic about the economy than they were last quarter. So how should leaders be thinking about the opportunities and risks in the current economy? In this episode of CEO Perspectives, Dana M Peterson, Chief Economist, joins Steve Odland, President and CEO, both of The Conference Board, to discuss what's top-of-mind for CEOs right now—and what this could mean to all leaders thinking about strategy in the current economic climate. Tune in to find out: · CEOs say they're planning to increase investment. Does this make sense in the current economy? · Are CEOs still expecting a recession? · What does this mean for the labor and wages? · How are CEOs prioritizing risks? · What's in store for future interest rate hikes or cuts? For more Trusted Insights for What's Ahead™: · See the survey results: CEO Confidence Dips in Q4 · Read: The Global Economic Outlook · Read: US Consumer Confidence Fell Again in September
Episode Notes Airbnb has been blamed in recent years for helping average rents in some cities increase. But Taylor Marr, Airbnb's first senior housing economist, downplays its impact, reports Executive Editor Dennis Schaal. Marr said, in an exclusive news interview with Skift, that Airbnb is launching a housing research program. Although Marr acknowledged Airbnb could have negative impacts on some communities, he played down the company's role in rent increases. He cited a recently published Conference Board of Canada study that found there was no connection between Airbnb and rents. Next, Delta Air Lines struck a nerve with many of its customers when it made major changes to its SkyMiles loyalty program. However, the pushback the company received didn't hurt its bottom line during the third quarter, reports Edward Russell, editor of Skift publication Airline Weekly. Delta CEO Ed Bastian said the company didn't see a drop in bookings, spend levels or usage of its co-branded credit card with American Express. The Atlanta-based carrier changed its key loyalty metric to money spent with Delta. The company brought in roughly $1.7 billion during the third quarter under its deal with American Express. Bastian added that Delta plans to release updated requirements for its loyalty program soon. Delta generated a nearly $2 billion operating profit during the third quarter. The company's revenue increased 11% from the same period last year. Finally, ever since the first generative AI chatbot was released almost a year ago, there has been widespread discussion about it might affect travel. Indeed, a trio of tech giants have recently unveiled travel-related AI products, writes Travel Technology Reporter Justin Dawes in his Travel Tech Briefing. Dawes explores the new offerings from Amazon Web Services, Meta and Microsoft. Amazon Web Services said its platform allows travel companies to build AI tools and apps that access their own proprietary data. As for Meta, it's released a generative AI chatbot named Meta AI that could answer questions related to trip planning. Meanwhile, Microsoft revealed that users will be able to plan and complete corporate travel bookings through Microsoft 365 Chat. In addition, Microsoft said it's working to pilot a travel assistant in partnership with travel technology company Amadeus.
The advent of “Killer AI” could mean the use of artificial intelligence—by design or through unintended consequences—that directly leads to physical harm or death of human beings. What should business leaders know about this potential? In this episode, Nathan Summers, AI Research Analyst with the Luxembourg Tech School, and Dr. Sergio Coronado, Professor at the University of Luxembourg, join Steve Odland, CEO of The Conference Board, to discuss their recent report, On Defining Killer AI and the potential impacts for business and society. Tune in to find out: · How could AI could harm businesses and society? · What financial impacts should businesses consider? · What steps should businesses take to ensure the safety of this emerging capability? · AI is already affecting mental health in virtual systems like social media—could it cause deaths? · Should the government get involved? What could be the consequences of government involvement? · Should the EU AI legislation or other frameworks be used as models for regulating AI to prevent harm? For more Trusted Insights for What's Ahead™: Read: Explainability in AI: The Key to Trustworthy AI Decisions Visit: AI: The Next Transformation: Your guide to real-world application
Exhaustion on the front lines. A dire shortage of health care workers. New technologies that change and disrupt. These are a few of the challenges faced by one of the largest health care providers in the US before, during, and after the pandemic. In this episode of CEO Perspectives, Jennifer Berres, Senior Vice-President and Chief Human Resources Officer at HCA Healthcare, joins Rebecca Ray, Emeritus Human Capital Center Leader at The Conference Board, to discuss HCA's dynamic human capital journey and how innovations and technology have enabled greater support for caregivers. Tune in to discover: · How did technology and AI deliver not only automation but also free up staff to maximize patient-centered care? · What direct investments and partnerships for training did HCA develop to become the largest provider of RNs in the nation? · How did the organization address burnout during the pandemic? For more Trusted Insights for What's Ahead: · Read The Reimagined Workplace 2023: Striking a Delicate Balance · Attend Winning in the New AI Landscape
AI has had a long evolution but only recently has shown a significant leap. Leaders are now playing “catch up” with the ramifications. In this episode, Joel Trammell, CEO, author and educator, joins Steve Odland, CEO of The Conference Board, to discuss how leaders should think about AI's impact on their business—and their own roles as leaders. Tune in to find out: · How might the role of CEOs and leaders evolve with AI—and what will become of human judgment and adaptability? · How can CEOs use AI to augment their effectiveness as managers and leaders? · Why should AI be seen as an iterative transformation not an overnight revolution? · Why should CEOs view AI as an enhancement or augmentation of human capabilities? · What could AI mean for a shift in skill sets in demand and the “war for talent”? For more Trusted Insights for What's Ahead™: Read: Explainability in AI: The Key to Trustworthy AI Decisions Visit: AI: The Next Transformation: Your guide to real-world application
Melissa Giles, Executive Director of Portfolio and Platform Management with Americana Partners, presents the Monthly Market Commentary as written by, David M Darst, Chief Investment Officer with Americana Partners. Any charts/graphs referenced are available in print format and may be provided at your request. David is currently the Chief Investment Officer for Americana Partners. David served for 17 years as a Managing Director and Chief Investment Strategist of Morgan Stanley Wealth Management, with responsibility for Asset Allocation and Investment Strategy; was the founding President of the Morgan Stanley Investment Group; and was founding Chairman of the Morgan Stanley Wealth Management Asset Allocation Committee. After 2014, he served for several years as Senior Advisor to and a member of the Morgan Stanley Wealth Management Global Investment Committee. He joined Morgan Stanley in 1996 from Goldman Sachs, where he held Senior Management posts within the Equities Division and earlier, for six years as Resident Manager of their Private Bank in Zurich. David is the Author of twelve books: (i) The Complete Bond Book (McGraw-Hill); (ii) The Handbook of the Bond and Money Markets (McGraw-Hill); (iii) The Art of Asset Allocation, Second Edition (McGraw-Hill); (iv) Mastering the Art of Asset Allocation (McGraw-Hill); (v) Benjamin Graham on Investing (McGraw-Hill); (vi) The Little Book that Saves Your Assets (John Wiley & Sons), which was ranked on the bestseller lists of The New York Times and Business Week; (vii) Portfolio Investment Opportunities in China (John Wiley & Sons); and (x) Portfolio Investment Opportunities in Precious Metals (John Wiley & Sons). His works have been translated into Chinese, Japanese, Russian, German, Korean, Italian, Indonesian, Norwegian, Romanian, and Vietnamese. Seapoint Books published David's eleventh book in 2012 , Voyager 3, containing his creative writing, and in 2016, his twelfth book, Flim-Flam Flora, a children's book coauthored with his daughter. David appears as a frequent guest on CNBC, Bloomberg, FOX, PBS, and other television channels, and has contributed numerous articles to Barron's Euromoney, The Money Manager, Forbes.com, The Yale Economic Review, and other publications. He has broadcast and written extensively on asset allocation in the Morgan Stanley biweekly Investment Strategy and Asset Allocation Commentary and in the Firm's Wealth Management monthly publication, Asset Allocation and Investment Strategy Digest, the predecessors of which he launched in 1997. David attended Father Ryan High School in Nashville, Tennessee, graduated from Phillips Exeter Academy, was awarded a BA degree in Economics from Yale University, and earned his MBA from Harvard Business School. David serves on the Investment Committee of the Phi Beta Kappa Foundation and the Advisory Boards of the George Washington Institute for Religious Freedom and the Black Rock Arts Foundation. David has lectured extensively at Wharton, Columbia, INSEAD, and New York University Business Schools, and for nine years, David served as a visiting faculty member at Yale College, Yale School of Management, and Harvard Business School. In November 2011, David was inducted by Quinnipiac University in their Business Leaders Hall of Fame. David is a CFA Charter holder and a member of the New York Society of Security Analysts and the CFA Institute. Join Our Distribution List – For a full copy of our report. Americana Partners - https://www.americanapartners.com/contact/ Americana Partners Website - https://www.americanapartners.com/ Linked In - https://www.linkedin.com/company/americana-partners/ Spotify - https://open.spotify.com/show/3rX19ND89pwEob9efsFNNF iTunes - https://podcasts.apple.com/us/podcast/americana-partners/id1496186853 Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkLnBvZGJlYW4uY29tL2FtZXJpY2FuYXBhcnRuZXJzL2ZlZWQueG1s?sa=X&ved=0CAYQrrcFahcKEwj4gZrR_OnwAhUAAAAAHQAAAAAQAg Disclosures Americana Partners, LLC is registered as an investment adviser with the SEC. The firm only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser does not constitute an endorsement of the firm by securities regulators nor does it indicate that the adviser has attained a particular level of skill or ability. A copy of Americana Partners' current written disclosure brochure filed with the SEC which discusses among other things, Americana Partners' business practices, services and fees, is available through the SEC's website at: www.adviserinfo.sec.gov. The tax and legal information contained in this newsletter is general in nature. It should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation. Foreign securities, foreign currencies, and securities issued by U.S. entities with substantial foreign operations can involve additional risks relating to political, economic, or regulatory conditions in foreign countries. These risks include fluctuations in foreign currencies; withholding or other taxes; trading, settlement, custodial, and other operational risks; and less stringent investor protection and disclosure standards in some foreign markets. All of these factors can make foreign investments, especially those in emerging markets, more volatile and potentially less liquid than U.S. investments. In addition, foreign markets can perform differently from the U.S. market. Investing involves certain risks, including possible loss of principal. You should understand and carefully consider a strategy's objectives, risks, fees, expenses and other information before investing. The views expressed in this commentary are subject to change and are not intended to be a recommendation or investment advice. Such views do not take into account the individual financial circumstances or objectives of any investor that receives them. The strategies described herein may not be suitable for all investors. There is no guarantee that the adviser will meet any of its investment objectives. All indices are unmanaged and are not available for direct investment. Indices do not incur costs including the payment of transaction costs, fees and other expenses. This information should not be considered a solicitation or an offer to provide any service in any jurisdiction where it would be unlawful to do so under the laws of that jurisdiction. Past performance is no guarantee of future results. It is not possible to invest directly in an index. Exposure to an asset class represented by an index is available through investable instruments based on that index. The S&P 500® Index is a widely recognized, unmanaged index of 500 common stocks which are generally representative of the U.S. stock market as a whole. The Nasdaq Composite® Index is the market capitalization-weighted index of over 2,500 common equities listed on the Nasdaq stock exchange. The types of securities in the index include American depositary receipts, common stocks, real estate investment trusts (REITs) and tracking stocks, as well as limited partnership interests. The EAFE® Index is a stock index offered by MSCI that covers non-U.S. and Canadian equity markets. It serves as a performance benchmark for the major international equity markets as represented by 21 major MSCI indices from Europe, Australasia, and the Middle East. The EAFE® Index is the oldest international stock index and is commonly called the MSCI EAFE Index. The Russell 2500® is a market-cap-weighted index that includes the smallest 2,500 companies covered in the broad-based Russell 3000 sphere of United States-based listed equities. All 2,500 of the companies included in the Index cover the small- and mid-cap market capitalizations. The Russell 1000® Growth Index is an unmanaged index that measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000® Index companies with higher price-to-book ratios and higher forecasted growth values. The CBOE Volatility Index (VIX) is a measure of expected price fluctuations in the S&P 500 Index options over the next 30 days. The VIX is calculated in real time by the Chicago Board Options Exchange (CBOE). P/E or Price to Earnings ratio is indicates the dollar amount an investor can expect to invest in a company in order to receive one dollar of that company's earnings. The Consumer Confidence Survey® reflects prevailing business conditions and likely developments for the months ahead. The Manufacturing Business Outlook Survey is a monthly survey of manufacturers in the Third Federal Reserve District; Participants indicate the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The ISM manufacturing index, also known as the purchasing managers' index (PMI), is a monthly indicator of U.S. economic activity based on a survey of purchasing managers at more than 300 manufacturing firms. The Composite Index of Leading Indicators, otherwise known as the Leading Economic Index (LEI), is an index published monthly by The Conference Board. It is used to predict the direction of global economic movements in future months. A bond rating is a letter-based credit scoring scheme used to judge the quality and creditworthiness of a bond. The option adjusted spread (OAS) measures the difference in yield between a bond with an embedded option, such as an MBS or callables, with the yield on Treasuries. Mean reversion, in finance, suggests that various phenomena of interest such as asset prices and volatility of returns eventually revert to their long-term average levels. A meme stock is a security that has seen an increase in trading volume after going viral on social media or an online forum. This document may contain forward-looking statements relating to the objectives, opportunities, and the future performance of the U.S. market generally. Forward looking statements may be identified by the use of such words as; “believe,” “expect,”“anticipate,”“should,”“planned,”“estimated,”“potential”and other similar terms. Examples of forward-looking statements include, but are not limited to, estimates with respect to financial condition, results of operations, and success or lack of success of any particular investment strategy. All are subject to various factors, including, but not limited to general and local economic conditions, changing levels of competition within certain industries and markets, changes in interest rates, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors affecting a portfolio' operations that could cause actual results to differ materially from projected results. Such statements are forward-looking in nature and involve a number of known and unknown risks, uncertainties and other factors, and accordingly, actual results may differ materially from those reflected or contemplated in such forward-looking statements. Prospective investors are cautioned not to place undue reliance on any forward looking statements or examples. This material is proprietary and may not be reproduced, transferred, modified or distributed in any form without prior written permission from Americana Partners. Americana Partners reserves the right, at any time and without notice, to amend, or cease publication of the information contained herein. Certain of the information contained herein has been obtained from third-party sources and has not been independently verified. It is made available on an "as is" basis without warranty. Any strategies or investment programs described in this presentation are provided for educational purposes only and are not necessarily indicative of securities offered for sale or private placement offerings available to any investor. The mention of any individual security should not be construed as a recommendation to buy or sell that security.
Landaas & Company newsletter October edition now available. Advisors on This Week's Show Kyle Tetting Art Rothschild Mike Hoelzl (with Max Hoelzl, Joel Dresang, engineered by Reuben Neese) Week in Review (Sept. 25-29, 2023) Significant Economic Indicators & Reports Monday No major releases Tuesday Housing prices reached an all-time high July, according to the S&P CoreLogic Case-Shiller home price index. The previous peak was in June 2022, after which price increases decelerated for six months. The index shows home prices up 1% from the year before. An S&P analyst said higher mortgage rates and economic weakness could offset momentum, but the breadth and strength of the July data were encouraging. The Conference Board said its consumer confidence index fell in September for the second month in a row as short-term expectations dipped below the level that historically indicates a recession in the next year. The business research group said more consumers are registering fears of a downturn as well as rising prices and political disruption. The group said it expects a shallow recession in the first half of 2024. The seasonally adjusted annual rate of new home sales fell nearly 9% in August, although it was up almost 6% from the year before. The Commerce Department reported that the median price for a new house fell 2% from the year before to $430,300. The supply of new houses rose to the highest level since March. Wednesday The Commerce Department said orders for durable goods rose in August for the fifth time in six months. The 0.2% increase was broadly distributed. A rise in defense orders offset a decline in commercial aircraft contracts. Excluding transportation equipment, orders rose 0.4%; they declined 0.7% when defense orders were excluded. Total durable goods orders were up 4.2% from August 2022. Core capital goods orders, a proxy for business investments, rose 0.9% from July and were up 10% from the year before. Thursday The U.S. economy grew at an annual pace of 2.1% in the second quarter of 2023, according to a final estimate of the gross domestic product. The rate was unchanged from a previous estimate by the Bureau of Economic Analysis and down from 2.2% in the first quarter. Measured year to year, the economy grew 2.4%. Consumer spending, which drives more than two-thirds of the economy, was slower than initially estimated. Slower spending drove the personal saving rate up to 5.2% from the previous estimate of 4.7% of disposable income. The four-week moving average for initial unemployment claims dropped for the fourth week in a row, falling to the lowest level since early February. The average was down 42% from its 56-year average, highlighting employers' continued reluctance to let workers go. The Labor Department said nearly 1.7 million Americans were claiming unemployment compensation in the latest week, down 0.5% from the week before. The National Association of Realtors said its index on pending home sales sank more than 7% in August as higher mortgage rates and low inventory diminished demand. Plans to buy houses were down nearly 19% from the year before, the trade group reported. Friday Consumer spending increased 0.4% in August, in line with gains in income for the month. Higher prices accounted for some of the spending growth. Corrected for inflation, spending was up 0.1%, according to the Bureau of Economic Analysis. The Federal Reserve's favorite inflation gauge – the Personal Consumption Expenditure index – also edged up 0.4% in August but was just 0.1% when volatile prices for energy and food were excluded. Since August 2022, the PCE was up 3.5% while the core PCE rose 3.9%, the least since May 2021. The University of Michigan's consumer sentiment index rose slightly in September, though it was down marginally from its mid-month mark. The reading of 68.1 was 16% higher than the year before, when sentiment was near a record low.
Businesses face multiple challenges during a crisis. What if your headquarters were the point of impact, and you were responsible for critical infrastructure in the region? This was the situation Mary Lee Hannell, Chief of Human Capital for the Port Authority of New York and New Jersey, found herself in during and after the attack on the World Trade Center on 9/11. In this bonus episode of CEO Perspectives, Hannell joins Rebecca Ray, Leader of the Human Capital Center of The Conference Board, to discuss how Hannell provided leadership in the wake of the crisis—and why a human-centric approach helped keep the organization moving forward. Tune in to find out how to: · Keep an organization and business moving through a crisis · Support employee mental health in the wake of a tragedy · Move beyond a crisis to become more resilient For more Trusted Insights for What's Ahead™: · Visit: Our Well-Being at Work hub · Read: Managerial Support for Well-Being and Mental Health
Earlier this year, people were feeling more upbeat about the economy, with the job market hot and inflation cooling. But consumer confidence fell for the second straight month in September, according to The Conference Board. What’s weighing on consumers’ minds? We also unpack the lawsuit filed against Amazon by the FTC and 17 states, then hear about India’s premium motorcycle business boom.
Earlier this year, people were feeling more upbeat about the economy, with the job market hot and inflation cooling. But consumer confidence fell for the second straight month in September, according to The Conference Board. What’s weighing on consumers’ minds? We also unpack the lawsuit filed against Amazon by the FTC and 17 states, then hear about India’s premium motorcycle business boom.
25/9: BOLSA CAI -1,5% com EXTERIOR Olá, seja bem-vindo ao Fechamento de Mercado da Levante comigo Flávio Conde, hoje é 3ª feira, 26 de setembro, e o programa de hoje é dedicado a Elizete, Fabiano, Bruno, Erik, General Lux. Vamos, a bolsa operou em queda o dia inteiro influenciado pelos EUA, fechando negativa e -1,49%, aos 114.193 pontos com o mesmo volume fraco de R$ 23,2 bi versus R$ 21,7 bi na terça-feira passada. Por que a bolsa performou assim hoje? 1º. Hoje, a bolsa brasileira abriu caindo -0,86% colado nas bolsas americanas e commodities em queda com -1,6% o minério de ferro e petróleo -0,50%; 2º. Nas 15 mais negociadas apenas 2 subiram lideradas em volume por: ELET3 0,92% e BRFS3 2,8%; 3º. Nas 15 mais negociadas 13 caíram lideradas por: VALE3 -1,5%, PETR4 -2,3%, B3SA3 -2,1%, ITUB4 -1,4%, BBAS3 -1,4% e LREN3 -4,4%. 4º. O petróleo subiu +0,80% aos US$ 94,10 versus US$ 93,40, ontem, dentro da volatilidade diária de -/+ 1%. PRIO3 -0,10% R$ 46,93 e 3R +2% R$ 30,87. 5º. O minério caiu -0,30% para US$ 115,1 de 115,50, ontem, e mineradoras cederam. 6º. Nos EUA, bolsas caíram bem com NASDAQ -1,60% e DOW -1,2% devido à combinação de recuo do índice de confiança do consumidor, do Conference Board, mais do que o esperado e no menor nível de quatro meses e alerta do presidente do JPMorgan de que o FED pode elevar os juros até 7% e com isso o rendimento dos títulos de 10 anos do Tesouro americano. 7o. Dólar subiu mais 3 centavos para R$ 4,99 de R$ 4,96 ontem. Estrangeiros: O saldo de investimentos estrangeiros na Bovespa na sexta-feira, 22 de setembro, ficou negativo em R$ 159 milhões, segundo dados da B3. O saldo acumulado em setembro está agora negativo em R$ 988 milhões. No acumulado do ano, os estrangeiros trouxeram para a Bovespa R$ 20, bilhões. Os estrangeiros respondem por 55,0% do volume negociado na Bovespa neste mês e por 54,60% do acumulado no. ano. Em seguida vêm os investidores institucionais, com 27,30% do volume negociado em setembro e 27,20% no ano. As pessoas físicas respondem por 13,70% do volume no mês e 13,90% no ano. Destaques de alta: BRFS3 +2.7% R$ 9,96 ELET6 +1.8% R$ 39,52 VIIA3 +1.6% R$ 0,60 ELET3 +0.9% R$ 36,20 MRFG3 +0.2% R$ 7,00 Destaques de baixa: PETZ3 -5.6% R$ 4,72 PCAR3 -5.1% R$ 3,35 LREN3 -4.6% R$ 13,16 SOMA3 -4.6% R$ 6,43 LWSA3 -4.5% R$ 6,08 Hoje, a ação escolhida pelos assinantes da LVNT foi MARFRIG e BRF.
The latest research from The Conference Board shows US consumer confidence declined again in September—a trend C-Suite executives will want to watch. Other global economic trends on the horizon include a possible redux in the US banking crisis due to commercial real estate, a slowdown in China, and increased trade tensions between the US and China. In this episode of CEO Perspectives, Erin McLaughlin, Senior Economist at The Conference Board, and Dana M. Peterson, Chief Economist at The Conference Board, sit down to discuss what this means for the wider economy in the US and abroad. Tune in to find out: What caused the movement in the overall confidence index? Are consumers pulling back from spending because they see a recession ahead? What is the outlook for interest rates for this year and next year? What are the global trends the C-Suite should watch for? For more Trusted Insights for What's Ahead®: Read the September Consumer Confidence Index Read the latest edition of StraightTalk®, Five Risks and Trends to Watch Access the latest insights on Navigating the Economic Storm
Is it possible for companies to take a stand on controversial social issues without starting a war with consumers and their own employees? Justin and Lance are joined by Robin Erickson, VP of Human Capital at The Conference Board, to discuss how companies are addressing this issue. tags: tsou, justin weller, lance jackson, robin erickson, work, business, company, leadership, social, culture
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Welcome to an interview with the author of Autonomous Transformation: Creating a More Human Future in the Era of Artificial Intelligence, Brian Evergreen. Autonomous Transformation provides a blueprint for leaders and managers who have aspired or attempted to harness artificial intelligence and its adjacent technologies for the betterment of their organization and the world, weaving strategy, management thinking, economics, systemic design, and philosophy into actionable steps with accompanying frameworks to create and sustain Profitable Good. Brian Evergreen is best known for his work advising FORTUNE 500 executives on artificial intelligence strategy. Building on his experiences working at Accenture, Amazon Web Services, and Microsoft, Brian guest lectures at Purdue University and the Kellogg School of Management and is a Senior Fellow in the Economy, Strategy, and Finance Center of The Conference Board, sharing the unconventional and innovative methods and frameworks he developed leading and advising Digital Transformation initiatives at many of the world's most valuable companies. Brian is the founder of The Profitable Good Company, a leadership advisory company that partners with and equips leaders to harness the economic and societal of technology by creating a more human future in the era of artificial intelligence. Get Brian's book here: https://rb.gy/ejept Autonomous Transformation: Creating a More Human Future in the Era of Artificial Intelligence Here are some free gifts for you: Overall Approach Used in Well-Managed Strategy Studies free download: www.firmsconsulting.com/OverallApproach McKinsey & BCG winning resume free download: www.firmsconsulting.com/resumepdf Enjoying this episode? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo
Companies have significant opportunities to transform and generate more value with AI. But many don't know where to begin. In this episode of CEO Perspectives, Brian Evergreen, founder and CEO of The Profitable Good Company, joins Steve Odland, President and CEO of The Conference Board, to discuss the next the evolution of AI and how leaders should be thinking about their AI strategy. Tune in to find out: · What is autonomous transformation, and how is it different from digital transformation? · Should you revolve an AI strategy around a single service, like ChatGPT? · What are the three prongs that every AI strategy needs? For more Trusted Insights for What's Ahead™: · Visit our AI Hub: The Next Transformation, Your guide to real-world application · Read: A Simplified Guide to How AI Works
Landaas & Company newsletter September edition now available. Advisors on This Week's Show Kyle Tetting Adam Baley Tom Pappenfus with Max Hoelzl, Joel Dresang, engineered by Jason Scuglik Week in Review (Sept. 18-22, 2023) Significant Economic Indicators & Reports Monday No major announcements Tuesday Trends for housing starts and building permits moved in opposite directions, according to the Commerce Department. The annual pace of starts declined 11% from July, sinking to the slowest pace since June 2020. Meanwhile, permits – an indication of future housing construction – rose nearly 7% from July, though they were almost 3% below the pace in August 2022. After pent-up demand and historically low mortgage rates rallied home building to its briskest levels since 2006, activity has tapered off in the last year amid higher interest rates. The pace of single-family houses under construction slowed for the 15th month in a row. Wednesday No major announcements Thursday Labor market conditions remained robust as the four-week moving average for initial unemployment claims declined for the third week in a row. The measure was 41% below the all-time average and the lowest since February, according to data from the Labor Department, a sign of employers' continued reluctance to let workers go. Nearly 1.7 million Americans were receiving jobless benefits in the latest week, down from 5% the week before but up 30% from the year before. The annual rate of existing home sales fell 0.7% to 4 million in August, the third slowdown in three months, down 15% from the year-ago pace. The National Association of Realtors said an ongoing lack of houses for sale continued to raise prices. Inventory dropped to a 3.3-month supply, about half of what the trade association said was needed to stabilize pricing. The median sales price hit $407,100 in August, up nearly 4% from the year before. The Conference Board's index of leading economic indicators fell in August for the 17th month in a row. The index declined 0.4% from July because of weaker measures for factory orders, consumer expectations, interest rates and credit conditions. Nearly a year and a half of falling indicators prompted the business research group to forecast a “challenging growth period and possible recession,” with projections of 2.2% economic growth in 2023 and 0.8% in 2024. Friday No major announcements MARKET CLOSINGS FOR THE WEEK Nasdaq – 13212, down 497 points or 3.6% Standard & Poor's 500 – 4320, down 130 points or 2.9% Dow Jones Industrial – 33964, down 654 points or 1.9% 10-year U.S. Treasury Note – 4.44%, up 0.11 point Not a Landaas & Company client yet? Click here to learn more. More information and insight from Money Talk Money Talk Videos Follow us on Twitter. Landaas newsletter subscribers return to the newsletter via e-mail
Inspiring People, Inspiring Journeys, is a new podcast series in 2023, moderated by Sanja Haas, Chairwoman of the Advisory Board for the European Human Capital Center at The Conference Board. Each episode features an informal conversation with a CHRO about their role & responsibilities, professional journey and perspectives about HR careers and the future of the function. In this seventh episode, Sanja sits down with Khadija Ben Hammada, CHRO at Merck. In a very inspirational conversation, Khadija shares with us how her role is both a privilege and responsibility. She talks about her dual responsibility of driving and supporting Merck's business (focused on positively impacting peoples' lives) and of being the “People's People” in taking care of 66K employees, ensuring values such as fairness, inclusion and integrity are lived up to, and that the workforce has a sense of belonging. The privilege Khadija talks about is linked to this dual responsibility and to the pride in being part of a company with 353 years of legacy and passing this on to the next generations. Among other key insights, Khadija also shares that for a fulfilling career, it is important to “say yes” as much as possible, focus on the impact one generates (vs titles or promotions), learn as much as possible from these experiences and to “pick a boss” one is inspired to work for.
Media analyst and Harvard Fellow Brian Stelter joins to discuss Rupert Murdoch stepping down as the head of News Corp. Dana Peterson, Chief Economist at the Conference Board, joins to discuss the latest LEI data and gives her outlook for a soft landing after the Fed's latest move. Barry Ritholtz, Founder of Ritholtz Wealth Management and Host of “Masters in Business,” discusses the markets and investing. Jay Hatfield, CEO at Infrastructure Capital Management, joins the program to discuss his non-consensus view on inflation, the Fed, and why Europe could face a deep recession. Woo Jin Ho, Senior Hardware Analyst at Bloomberg Intelligence, discusses the Cisco-Splunk deal. Laura Martin, managing director at Needham, joins to talk cable news, media, and Disney. Hosted by Paul Sweeney and Matt Miller.See omnystudio.com/listener for privacy information.
The BRICS bloc recently doubled its membership and expanded its global reach—especially in the Middle East. Will it succeed as a counterweight to the West—and the US dollar? What are the possible impacts on the global economy and corporations? In this episode of CEO Perspectives, Dr. Lori Esposito Murray, President of the Committee for Economic Development, the public policy center of The Conference Board, and Dana Peterson, our Chief Economist, join Steve Odland, President and CEO, to discuss the impact of BRICS—and what it may mean for business and the global economy. Could BRICS become independent from the West? Is this a new cold war? What does this bloc mean for the primacy of the US dollar for trade? For business operations? How much food and global energy will the expanded bloc control? How might access to critical materials—such as rare earth minerals or advanced chips—be impacted? What challenges might global corporations face? For more Trusted Insights for What's Ahead™: Read: CED Policy Backgrounder: BRICS Summit—Deepening the Divide Read: CED Policy Backgrounder: Putin-Erdoğan Meeting on Grain Exports Read: Economy Watch | China
For as long as work has existed, new technologies have been a double edged sword for the workforce, making some jobs easier to do and making others obsolete. With data collection, computer processing, automation, and generative AI being implemented daily within our workforce, this issue has never been more apparent than today. Educators and authors Dr. Anna Tavis and Stela Lupushor are at the forefront of the fight for human capital, to make sure that technology is set to enhance the worker experience, not to replace it. Dr. Anna Tavis is Clinical Professor and Academic Director of Human Capital Management Department at NYU School of Professional Studies, Senior Fellow with the Conference Board, and the Academic in Residence with Executive Networks. She is a former Executive Editor of People+Strategy Journal, a publication of SHRM's Executive network and is currently an Associate Editor of Workforce Solutions Review of IHRIM. Stela Lupushor is an Adjunct Faculty Adjunct Faculty at the NYU School of Professional Studies. She is also a Senior Fellow in Human Capital Center and the Program Director for The Conference Board Strategic Workforce Planning Council, and leads Reframe.Work Inc. where she consults on how to create inclusive workplaces through the use of technology, human-centered design, people analytics, and future-thinking. Previously Stela consulted at Fidelity Investments, TIAA, IBM, Price Waterhouse, and PwC Consulting. Together, the pair have combined their vast amount of experience in the HR world to write their book, Humans at Work: The Art and Practice of Creating the Hybrid Workplace where they've compiled all their strategies on how to develop a human centric workforce that uses technology to help improve their people, and ultimately, the way they do business. This is another podcast you're not going to want to miss, especially with stories about the impact of AI dominating the headlines almost everyday, so with that…let's bring it in!