POPULARITY
Categories
Sir Andrew Strauss is the last England Captain to win the Ashes in Australia. So what better time to get him in the hotseat. Aside from the timing being perfect, this is a show I have wanted to do from day one. That is not just because he is one of England's greatest captains and batsmen, but he has also played an integral role in shaping the success of English cricket across formats in recent years. He transformed white ball cricket as Director of Professional Cricket at the ECB, culminating in that most incredible World Cup win in 2019. In doing so, you could say he laid the foundations for the style of test cricket the team is now playing today. We recorded this before the disaster (if you're an England fan) that occurred in Perth, but that makes some of the frighteningly accurate observations made in this conversation more impressive. It is of course a reveal of how to win in Australia, but it is much more than that. From dealing with maverick talent to how to sort out domestic cricket, we're delighted to welcome Andrew Strauss to the Business of Sport.Timestamps:00:00 Intro03:40 Ashes Predictions07:29 Parallels Between the 2010/11 Win and Today's Team14:46 The Most Nervous Game17:29 Is Modern Sports Stardom Any Different Today?24:13 Breaking Down Central Contracts & Player Income27:08 Players Get More Exposure Than Ever31:12 Balancing Individual Brilliance with Team Structure34:18 How Bat Sponsorship Deals Actually Work41:33 Resetting English Cricket45:56 How Franchise Cricket Is Reshaping Test Player Pathways49:32 Is County Cricket Financially Sustainable?53:18 Why Distribution Isn't Enough58:20 If You Had to Choose One Sports Asset to Buy01:00:41 How Athletes Transition Into Business Roles01:03:28 How Captains Balance Leadership and Individual Output01:08:00 The Ruth Strauss Foundation01:10:16 Quick-Fire RoundOn today's show we discuss: Ashes Predictions and How To Win Down Under:The brutal realities of touring Australia. Bounce, conditions, the Kookaburra ball, and the psychological toll of playing in a “goldfish bowl.”Why England have won just one Test in Australia in 14 attempts, and why preparation is everything.The inside story of the 2010/11 Ashes triumph and what that team got right.The psychological battle of opening the batting, staying calm when the ball is flying past your ears, and facing the greatest to ever do it. Including Strauss's unforgettable encounters with Shane Warne.Running Elite Cricket & Winning a World Cup:What Strauss changed after England's 2015 World Cup disaster and how it led directly to the 2019 World Cup win.Why he pushed for white-ball specialists, a fearless scoring philosophy, and a total cultural reset.Inside the tensions between formats, franchise cricket, and player availability and the challenges of managing England cricket like a true performance organisation.The Hundred, County Cricket & the Future of the Game:The truth about county cricket's finances. £40k average salaries, 450 professionals, and no sustainability.Why Strauss believes English cricket needs fewer teams, fewer matches, and an elite first division to compete globally.The insane valuations in The Hundred, why investors bought anyway, and how private capital will reshape cricket whether counties like it or not.What Test cricket will look like in 20 years.A huge thank you to our amazing partners on the show: StrydeBringing sports investment opportunities to your door. Visit http://www.gostryde.com to become part of the movement!
Stel je even voor: Taylor Swift trouwt en besluit met haar nieuwe man in een hutje op de hei te gaan wonen. Ze krijgen een kind dat ze zonder sociale media op willen voeden. En alle fans komen tot het besef dat zij dat ook willen. Ze laten hun smartphone voor wat het is en gaan gelijk op zoek naar de liefde. Het gevolg is een geboortegolf, een groei van de economie, en een stagnatie van de groei bij techbedrijven. Klinkt als een idioot scenario, maar Saxo is er in ieder geval op voorbereid. Waar ze zich nog meer klaar voor maken, en of jij dat ook moet doen, hoor je in deze aflevering. Verder hebben we het ook over serieuzere zaken, zoals een chiptekort. Techbedrijven weten niet hoe hard ze hun datacenters moeten opschalen, en dat zorgt nu voor enorme prijsstijgingen. Geheugenchips worden duurder en duurder. Iets waar makers van consumenten-elektronica totaal niet op zaten te wachten. We vertellen je wanneer we ons zorgen moeten gaan maken om dat tekort. Het gaat ook nog over het vertrek van Jitse Groen. De topman van Just Eat Takeaway beloofde nog aan te blijven nadat het bedrijf van de beurs werd weggekocht. Maar een paar weken na de overname gaat die belofte al het raam uit. We hebben het over het nieuwe doelwit van shortseller Michael Burry. En je hoort bij welk bedrijf een puber opeens een van de belangrijkste rollen krijgt.See omnystudio.com/listener for privacy information.
35.000 ontslagen en miljarden aan bezuinigingen. Dat was de opdracht die Volkswagen zichzelf een jaar geleden gaf. Het roer moest om, anders zou het nog wel eens slecht af kunnen lopen voor de Duitse autobouwer. Nu, een jaar later, hebben de Duitsers weer hoop. De teller ontslagen staat op 25.000. Maar dat betekent niet dat het gevaar geweken is. Hoe de weg naar totaal herstel voor Volkswagen moet verlopen, dat hoor je in deze aflevering. Dan hebben we het ook over Intel. Ook bij de Amerikaanse chipmaker is er hoop op beterschap. Het bedrijf werd vijf jaar geleden gedumpt door Apple. Dat wilde dat TSMC hun chips zou gaan printen. Maar nu zouden de twee toch weer in het huwelijksbootje willen stappen. En dat stemt beleggers zeer gelukkig. Verder hoor je hoe het tot twee keer toe in twee dagen tijd mis kon gaan bij vliegtuigbouwer Airbus. Dat wordt genadeloos afgestraft op de beurs. En we vertellen je waarom Mark Zuckerberg en Elon Musk miljarden aan achterstallige belastingbetalingen voor hun kiezen kunnen krijgen.See omnystudio.com/listener for privacy information.
35.000 ontslagen en miljarden aan bezuinigingen. Dat was de opdracht die Volkswagen zichzelf een jaar geleden gaf. Het roer moest om, anders zou het nog wel eens slecht af kunnen lopen voor de Duitse autobouwer. Nu, een jaar later, hebben de Duitsers weer hoop. De teller ontslagen staat op 25.000. Maar dat betekent niet dat het gevaar geweken is. Hoe de weg naar totaal herstel voor Volkswagen moet verlopen, dat hoor je in deze aflevering. Dan hebben we het ook over Intel. Ook bij de Amerikaanse chipmaker is er hoop op beterschap. Het bedrijf werd vijf jaar geleden gedumpt door Apple. Dat wilde dat TSMC hun chips zou gaan printen. Maar nu zouden de twee toch weer in het huwelijksbootje willen stappen. En dat stemt beleggers zeer gelukkig. Verder hoor je hoe het tot twee keer toe in twee dagen tijd mis kon gaan bij vliegtuigbouwer Airbus. Dat wordt genadeloos afgestraft op de beurs. En we vertellen je waarom Mark Zuckerberg en Elon Musk miljarden aan achterstallige belastingbetalingen voor hun kiezen kunnen krijgen.See omnystudio.com/listener for privacy information.
35.000 ontslagen en miljarden aan bezuinigingen. Dat was de opdracht die Volkswagen zichzelf een jaar geleden gaf. Het roer moest om, anders zou het nog wel eens slecht af kunnen lopen voor de Duitse autobouwer. Nu, een jaar later, hebben de Duitsers weer hoop. De teller ontslagen staat op 25.000. Maar dat betekent niet dat het gevaar geweken is. Hoe de weg naar totaal herstel voor Volkswagen moet verlopen, dat hoor je in deze aflevering.
De nieuwe beursweek staat voor de deur. Er komen onder meer cijfers aan van Salesforce en Inditex. Maar de week wordt vooral gedomineerd door macro-economische cijfers. Zo komen het CBS en Eurostat met voorlopige inflatiecijfers voor november. Jim Tehupuring van 1Vermogensbeheer richt zijn pijlen op de Verenigde Staten. Deze week krijgen we weer inzage in de arbeidsmarkt daar. Op vrijdag bevat het banenrapport zelfs cijfers uit oktober én november. De kans op een renteverlaging volgende maand lijk steeds groter te worden. Fed-watch is al voor meer dan 80 procent dat er in december weer een kwartje afgaat. Daar sluit Jim zich bij aan. In Beurs in Zicht stomen we je klaar voor de beursweek die je tegemoet gaat. Want soms zie je door de beursbomen het beursbos niet meer. Dat is verleden tijd! Iedere week vertelt een vriend van de show waar jouw focus moet liggen.See omnystudio.com/listener for privacy information.
In deze aflevering van Nieuws van de Week bespreken Marlies Dekkers, Jelle van Baardewijk en Ewald Engelen de rechtszaak rond Chris Jude, verdacht van een gruwelijke verkrachting en de moord op Lisa een week later. We gaan in op het falende azc-beleid, de onder druk staande burgemeesters in Terneuzen en Venlo, en het bizarre WRR-rapport dat pleit voor arbeidsmigranten uit Nigeria.Ook behandelen we ABN Amro's 5.000 ontslagen, hoe de ECB met kwantitatieve verruiming de woningmarkt vernietigde (balansen vertienvoudigd) en de dreigende financiële bubbel met Nvidia en defensieaandelen.Verder bespreken we de 'kletsende klasse' die afgesloten is van de burger, Europa's onbetaalbare schuldenberg, en Trump's verrassende bromance met de democratisch-socialistische burgemeester van New York.
De nieuwe beursweek staat voor de deur. Er komen onder meer cijfers aan van Salesforce en Inditex. Maar de week wordt vooral gedomineerd door macro-economische cijfers. Zo komen het CBS en Eurostat met voorlopige inflatiecijfers voor november. Jim Tehupuring van 1Vermogensbeheer richt zijn pijlen op de Verenigde Staten. Deze week krijgen we weer inzage in de arbeidsmarkt daar. Op vrijdag bevat het banenrapport zelfs cijfers uit oktober én november. De kans op een renteverlaging volgende maand lijk steeds groter te worden. Fed-watch is al voor meer dan 80 procent dat er in december weer een kwartje afgaat. Daar sluit Jim zich bij aan. In Beurs in Zicht stomen we je klaar voor de beursweek die je tegemoet gaat. Want soms zie je door de beursbomen het beursbos niet meer. Dat is verleden tijd! Iedere week vertelt een vriend van de show waar jouw focus moet liggen.See omnystudio.com/listener for privacy information.
In deze podcast spreekt Follow the Money-journalist Thomas Bollen verschillende gasten naar aanleiding van zijn boek ‘Geld genoeg, maar niet voor jou'. In deze aflevering oud-DNB-president Nout Wellink, die Bollens boek drie dagen na publicatie al uit had. ‘Het heeft me aan het denken gezet. Ook over mogelijke gevolgen van de introductie van nieuwe betaalmiddelen.' Bollen en Wellink discussiëren stevig over de opties om ons geldstelsel anders in te richten. Is het mogelijk om het stelsel veiliger en stabieler te maken met nieuwe betaalmiddelen, zoals stablecoins en de digitale euro?
Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureTrump is bringing the country out of the Biden/Obama recession. The [CB] is trapped because they never expected Trump’s parallel economic system to be building at lightning speed. Trump is putting everything into place to transition the people from the [CB] which means we will not need the income tax. [DS] has now used one of it’s soldiers to begin the color revolution. The [DS] wants a civil war in the end and they are pushing it. Trump knows the playbook and this is why he took the path of waking the people up and building the counterinsurgency. The people must see who the true enemy is, only when the people see the enemy can we fight the enemy. Trump put all this into place for this moment. Economy https://twitter.com/KobeissiLetter/status/1994238315730473327?s=20 Challenger Gray spiked +99,010, to 153,074, the highest since March. This also marks the highest monthly number for any October in 22 years. All while employees notified of mass layoffs via WARN notices tracked by Revelio rose +11,912 last month to 43,626, the 2nd-highest in at least 2 years. US layoffs are accelerating. https://twitter.com/KobeissiLetter/status/1994222461252980749?s=20 percentage has persisted above 90% for 12 months. Such an elevated reading has been seen only a few times over the last 35 years. Over the last 2 years, global central banks have cuts rates 316 times, the highest reading in at least 25 years. To put this into perspective, there were 313 cumulative cuts in 2008-2010 in response to the financial crisis. Global monetary policy is easing. Amazing How Central Bank Money-Printing Reversed around the World after the Inflation Shock Balance sheets of the Fed, ECB, BOJ, BOE, and central banks of China, Canada, Australia, Switzerland, and India as % of GDP. The major central banks around the world have been unwinding their balance sheets for the past few years, even the Bank of Japan, which got a late start in 2024. Their balance sheets had swollen to grotesque proportions during the global QE frenzy that started in 2008, and QE-mania during and after the pandemic. But that has been getting unwound. The Bank for International Settlements (BIS), an umbrella organization owned by its member central banks, released its latest quarterly data on central bank balance sheets today. We'll look at the decline of the balance sheets of nine major central banks: Federal Reserve, European Central Bank, Bank of Japan, People's Bank of China, Bank of England, Central Bank of India, Bank of Canada, Reserve Bank of Australia, and the Swiss National Bank. In normal times, central-bank balance sheets, including the Fed's balance sheet, grew with the economy, as measured by GDP; and the ratio of total assets as a percentage of GDP back then was low and roughly stable over the years. Years of QE then caused the ratios to explode. And years of QT have now caused the ratios to shrink dramatically. They're all seeing the same thing: A continued threat of inflation and massive distortions and risks in asset prices, including dangerous housing bubbles that are now deflating in some markets. So they've been removing some of the fuel, to walk back from those risks. Source: wolfstreet.com (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); https://twitter.com/WatcherGuru/status/1994194115467071830?s=20 Yes, President Trump did make that statement in a recent address (likely his Thanksgiving message to U.S. troops on November 27, 2025). Based on the video clip in the X post you linked, here’s the relevant excerpt from his remarks:“The next couple of years, I think we’ll substantially be cutting and maybe cutting out completely, but we’ll be cutting income tax—could be almost completely cutting it—because the money we’re taking in is going to be so large.”This aligns closely with the claim in the WatcherGuru post. Multiple news outlets have reported on the comments, confirming they are authentic and recent. For context, Trump has floated similar ideas about offsetting or replacing income taxes with tariff revenue multiple times during his campaign and presidency, though experts have questioned the feasibility due to the massive revenue gap (tariffs currently generate far less than income taxes). DOGE Geopolitical Globalist Germany's Firewall Against the AfD Collapses as Half the Country Now Open to Voting for Them For the first time since the party entered parliament about nine years ago, the anti-democratic cordon sanitaire around the right-wing, anti-globalist Alternative für Deutschland appears to have cracked wide open. According to the latest INSA/Bild poll, fewer than half of all German voters (just 49%) now say they would “never” vote AfD—down from a staggering 75% only a few years ago, This is nothing short of a historic breakthrough. Despite years of state-funded smear campaigns, constant domestic intelligence surveillance (Verfassungsschutz), court cases, job dismissals, bank account closures, repeated violence against party members by left-globalist extremists, and even serious discussions about banning the party outright, ordinary Germans are finally seeing through the propaganda and recognizing the AfD as the only serious opposition to a failing system. Source: thegatewaypundit.com all the Liars and Pretenders of the Radical Left Media are going out of business! At the conclusion of the G20, South Africa refused to hand off the G20 Presidency to a Senior Representative from our U.S. Embassy, who attended the Closing Ceremony. Therefore, at my direction, South Africa will NOT be receiving an invitation to the 2026 G20, which will be hosted in the Great City of Miami, Florida next year. South Africa has demonstrated to the World they are not a country worthy of Membership anywhere, and we are going to stop all payments and subsidies to them, effective immediately. Thank you for your attention to this matter! War/Peace Zelensky sent aide to US talks to ‘protect’ him from corruption probe – media Zelensky appointed his chief of staff, Andrey Yermak, to head Kiev’s negotiating delegation in Geneva last weekend after learning that anti-corruption investigators were preparing a suspicion notice against the aide,The report comes amid fallout from a massive $100 million graft scheme involving the Ukrainian leader’s inner circle, including long-time associate Timur Mindich, who has been charged with running a kickback scheme in the energy sector and fled before the authorities could detain him.Surveillance of the Mindich case by the National Anti-Corruption Bureau of Ukraine (NABU) reportedly captured conversations involving Zelensky and Yermak, potentially implicating both. Source: sott.net https://twitter.com/MarioNawfal/status/1994307774860189739?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1994307774860189739%7Ctwgr%5Ee8d979a9c10fbfc326b32333d206fa988e9c3418%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2025%2F11%2Fnew-ukraines-anti-corruption-bureau-raids-home-andriy%2F Zelensky's chief of staff. The latest raid comes days after a $100M bribery scandal rocked Ukraine's energy sector – but no official word yet if this is linked. Neither agency has commented on the raid yet. NATO states considering ‘cyber offensive' against Russia – Politico NATO's European members are reportedly considering joint offensive cyber operations against Russia, Politico reported on Thursday, citing two senior EU government officials and three diplomats. Western governments are assessing cyber and other options in response to alleged “hybrid attacks” by Moscow, according to the publication. Latvian Foreign Minister Baiba Braze told Politico that NATO must “be more proactive on the cyber offensive” and better coordinate their intelligence services. “And it's not talking that sends a signal – it's doing,” she said. In late 2024, NATO unveiled plans to establish a new integrated cyber defense center at its headquarters in Belgium, which is expected to go online by 2028. Stefano Piermarocchi, the head of cyber risk management within NATO's chief information office, told Breaking Defense that the new hub would enhance Source: rt.com Russian President Vladimir Putin Gives Remarkably Detailed Explanation of Current Peace Negotiation Status – Either Ukraine Concedes Diplomatically, or We Will Win Militarily Source: theconservativetreehouse.com Medical/False Flags [DS] Agenda https://twitter.com/RogerJStoneJr/status/1993883057414353293?s=20 https://twitter.com/RapidResponse47/status/1994206037998538849?s=20 https://twitter.com/AGPamBondi/status/1994194638421340290?s=20 https://twitter.com/VickieforNYC/status/1993899026651951335?s=20 foreign warzone. Yet almost every major lefty account is parroting this narrative. It’s bizarre. Like “of COURSE people are going to try and murder the National Guard, what did you expect to happen in Washington” Is this the narrative here? That Washington is Fallujah? Or is it that the left has declared a de facto state of war, and casualties are now just to be expected? It’s extremely bad either way. https://twitter.com/TheStormRedux/status/1994054785163522357?s=20 that the President said it's times to bring in more law enforcement to make sure that a city that had the 4th highest homicide rate in the country, that that violence was quelled. I'm not even gonna go there!” Liberals have been spending the last 12 hours trying to place the blame on Trump for bringing the NG to the city. Truly unbelievable how ungrateful these people are https://twitter.com/disclosetv/status/1993876798866653577?s=20 https://twitter.com/thevivafrei/status/1994116243154973175?s=20 intentions, everything takes on a whole new meaning. https://twitter.com/ZannSuz/status/1993859778414580217?s=20 https://twitter.com/JLRINVESTIGATES/status/1994214556671889810?s=20 https://twitter.com/DataRepublican/status/1994118842239610989?s=20 dive here. As always, patience as I pull together the thread: https://twitter.com/TPASarah/status/1994015487135514931 Sarah Adams@TPASarah Lakanwal, from Khost Province, Afghanistan, was a member of two CIA-supported units that operated under the National Directorate of Security (NDS) of the former Afghan Republic. Although these units belonged to the NDS on paper, their support and direction came directly from the Central Intelligence Agency (CIA). He served in Unit 01, a special military-intelligence unit responsible for the central zone provinces (Kabul, Parwan, Wardak, and Logar). His agency training in 2007 took place at CIA's Eagle Base near the Deh Sabz district of Kabul province, a few miles from Hamid Karzai International Airport (HKIA). Eagle Camp, originally built on an old brick factory site, became one of the CIA's most important counterterrorism training centers in the early 2000s. It trained the CIA-backed NDS units including NDS-01, NDS-02, NDS-03, NDS-04, NDS-KPF, and NDS-KSF, and also housed an ammunition depot and multiple facilities for sensitive operations. When U.S. forces left Afghanistan in 2021, Eagle Camp was among the final sites to be evacuated and demolished. It was later handed over to the Haqqani Network's suicide bomber brigade, the Badri 313. Badri 313 moved the suicide bombers through the gate areas of HKIA for the Abbey Gate attack that killed 13 of our servicemembers and approximately 170 Afghans on August 26, 2021. After completing training at Eagle Base, Lakanwal was transferred to the team supporting CIA's Kandahar Base. The site had a long militant history: it housed Mullah Mohammad Omar from 1994–2001, Osama bin Laden from 1998–2001, and later Camp Gecko from 2002–2021, which was used by the CIA and NDS-03. It served as the headquarters of the Kandahar Strike Force, which led CIA-backed counterterrorism operations in Kandahar, Uruzgan, and Zabul provinces against the Taliban, al-Qaeda, and ISIS. Lakanwal took part in counterterrorism missions alongside U.S. forces in Kandahar. After the attack yesterday on our National Guardsmen in Washington, DC, ISIS channels were the first to praise the incident largely because Lakanwal's half-brother (the son of his father's second wife, pictured left) had been a recruiter for the Islamic State–Khorasan Province (ISKP). His brother, Muawiyah Khurasani aka Hayatullah (pictured below), previously worked with Tehrik-e-Taliban Pakistan (TTP) in Orakzai Agency, Pakistan, before formally joining ISKP. He was killed in a targeted operation in July 2022 in Achin district, Nangarhar province. Some ISIS members claimed he was killed by Pakistan's Counter-Terrorism Department (CTD), though that remains unconfirmed. After the fall of Kabul in 2021, Lakanwal's unit the Kandahar Protection Force and the Khost Protection Force (KPF) became prime targets for both the Haqqani Network and ISKP, which sought either to blackmail or recruit former KPF members. Recruitment involved persuading them to join voluntarily; blackmail involved coercing them through threats to their families (many were left behind), exposure of past work with the U.S., or financial pressure. Both groups targeted these units specifically because of their close relationships on U.S. soil, particularly with former CIA officers. In addition, both groups, along with al-Qaeda, saw value in impersonating these units. A couple thousand fake documents and ID cards were produced so terrorists could claim affiliation with KPF/01/02 and other special units. This allowed some individuals to fraudulently move through the U.S. evacuation process by exploiting unsuspecting volunteers and taking advantage of weak vetting procedures. We have confirmed that Lakanwal's ID (pictured right) and employment were legitimate, but a full review is recommended, as terrorists have explicitly claimed using this route as a pipeline into the U.S. We cannot keep waiting for Americans to be killed again and again before we act against the Islamist terrorists who have arrived on our soil since 2021. This can no longer fall on the shoulders of a small handful of people sounding the alarm. Every American needs to be engaged: protecting their families, their communities, and our homeland. Please prepare today! https://twitter.com/sentdefender/status/1993925420329390316?s=20 action force of the AFN who fought directly alongside U.S. Special Forces against the Taliban. In addition, Fox News is reporting that Lakanwal worked with various other government entities from the United States in Afghanistan, including the Central Intelligence Agency (CIA), specifically as part of the CIA-backed Kandahar Strike Force (KSF), known in most intelligence circles as NDS-03, which operated outside of U.S. and Afghan military chain-of-commands directly under the CIA, carrying out covert, clandestine, counterterrorism operations, including night raids and assassinations against the Taliban and al-Qaeda. https://twitter.com/DataRepublican/status/1993878815349854361?s=20 CIA Director John Ratcliffe confirmed that to Fox. “In the wake of the disastrous Biden withdrawal from Afghanistan, the Biden administration justified bringing the alleged shooter to the United States in September 2021 due to his prior work with the U.S. government, including CIA, as a member of a partner force in Kandahar, which ended shortly following the chaotic evacuation,” CIA Director John Ratcliffe told Fox News Digital. “The individual—and so many others—should have never been allowed to come here,” Ratcliffe continued. “Our citizens and service members deserve far better than to endure the ongoing fallout from the Biden administration's catastrophic failures.” Ratcliffe added: “God bless our brave troops.” https://twitter.com/disclosetv/status/1994201842750837067?s=20 https://twitter.com/EndWokeness/status/1993882348069552531?s=20 https://twitter.com/CannConActual/status/1993693224196604379?s=20 at a colour revolution. @ColonelTowner and@xAlphaWarriorx have done a good job documenting several. We have been overwhelmingly resistant to these efforts on our homeland through the use of NGOs funding widespread protests and subsequent riots. And as President Trump cut the head off their private sector funding apparatuses (USAID, NED, etc), they are becoming desperate. So they politicized the military, subverted the Constitutional authority of the Commander in Chief, and injected themselves in a chain of command they are NOT a part of. The desperate attempt to execute their plan. This is life or death for the Deep State. https://twitter.com/CynicalPublius/status/1993886979738460646?s=20 There are three phases to a Color Revolution. It’s important to understand this so you can see how the actions of the Sedition 6 fit into this pattern. PHASE ONE: -Form underground opposition networks. -Create strong slogans and powerful information operations as recruitment tools. -Upon a certain well-coordinated signal, well-funded, well-organized mass protests “spontaneously” appear. -The armed wing of the movement conducts carefully coordinated, precision attacks on certain government infrastructure. PHASE TWO: -Discredit military, security, and law enforcement forces through information operations, coordination with friendly media (Jimmy Kimmel? Talkin’ to you, Komrade Kelly), strikes, civil disobedience, rioting, and sabotage. yOU ARE HER -Occupy civic facilities and refuse to leave until your demands are met. -Strengthen and grow a highly organized logistics support network. -Issue ultimatums to the government, threatening violent uprisings if demands are unmet. The goal is to either have the government acquiesce or engage in violent repression, in each case thereby delegitimizing itself. PHASE THREE: -Overthrow the government in a “non-violent” manner that is actually quite violent. -Open attacks on authorities, seizure of government buildings, destruction of government symbols. -Coordinate media messaging. If the government attacks, media will accuse the government of attacking “peaceful protestors.” If the government makes concessions, it will appear impotent because protestors will not compromise. -Widespread delegitimization of the government is effective in the minds of the populace; the government either willingly cedes power or is violently removed. -The once underground opposition forces’ leadership now seizes control of the government. prisons, mental institutions, gangs, or drug cartels. They and their children are supported through massive payments from Patriotic American Citizens who, because of their beautiful hearts, do not want to openly complain or cause trouble in any way, shape, or form. They put up with what has happened to our Country, but it's eating them alive to do so! A migrant earning $30,000 with a green card will get roughly $50,000 in yearly benefits for their family. The real migrant population is much higher. This refugee burden is the leading cause of social dysfunction in America, something that did not exist after World War II (Failed schools, high crime, urban decay, overcrowded hospitals, housing shortages, and large deficits, etc.). As an example, hundreds of thousands of refugees from Somalia are completely taking over the once great State of Minnesota. Somalian gangs are roving the streets looking for “prey” as our wonderful people stay locked in their apartments and houses hoping against hope that they will be left alone. The seriously retarded Governor of Minnesota, Tim Walz, does nothing, either through fear, incompetence, or both, while the worst “Congressman/woman” in our Country, Ilhan Omar, always wrapped in her swaddling hijab, and who probably came into the U.S.A. illegally in that you are not allowed to marry your brother, does nothing but hatefully complain about our Country, its Constitution, and how “badly” she is treated, when her place of origin is a decadent, backward, and crime ridden nation, which is essentially not even a country for lack of Government, Military, Police, schools, etc… denaturalize migrants who undermine domestic tranquility, and deport any Foreign National who is a public charge, security risk, or non-compatible with Western Civilization. These goals will be pursued with the aim of achieving a major reduction in illegal and disruptive populations, including those admitted through an unauthorized and illegal Autopen approval process. Only REVERSE MIGRATION can fully cure this situation. Other than that, HAPPY THANKSGIVING TO ALL, except those that hate, steal, murder, and destroy everything that America stands for — You won't be here for long! Trump Orders Green Card Review in the Wake of Shooting by Afghan on Overstay President Trump's Plan (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");
APAC stocks were rangebound in the absence of a lead from Wall Street due to Thanksgiving Day and as participants digest a deluge of data at month-end.An outage at CME Group has halted trade in FX, commodities, Treasuries and equities futures; "Due to a cooling issue at CyrusOne data centres, our markets are currently halted," CME said. US President Trump said regarding Venezuela that they will begin to stop drug cartels on land soon.S&P said UK public finances remain constrained and it expects fiscal pressures in the UK to persist over the medium term despite revenue-raising measures announced in the Autumn Budget.European equity futures indicate a quiet open with Euro Stoxx 50 futures flat after the cash market finished little changed on Thursday.Looking ahead, highlights include German Import Prices (Oct), Retail Sales (Oct), French GDP Final (Q3), Prelim. HICP (Nov), Spanish Flash HICP (Nov), German Prelim. HICP (Nov), Italian Prelim. HICP (Nov), Swiss KOF (Nov), GDP (Q3), German Unemployment (Nov), Canadian GDP (Q3), Credit Review for France, Comments from ECB's Nagel.Desk Schedule: There is normal service on Friday, 28th November until 18:15GMT/13:15EST at which point the desk will close.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Pakjesavond laat nog een week op zich wachten, maar de Tweede Kamer deelt deze week alvast cadeautjes uit. Zo gaat de voorgenomen verhoging van de vermogensbelasting toch niet door. Wat dat voor beleggers betekent, bespreken we in deze aflevering. Ook hebben we het over Arcadis, want het Nederlandse bedrijf wil zich gaan mengen in de AI-gekte. Het kersverse dochterbedrijf van Arcadis wint vier opdrachten in Duitsland om die te gaan bouwen. Daarmee zit de pijplijn bij Arcadis al vol met 229 projecten wereldwijd. En je hoort over de storing bij de Chicago Mercantile Exchange. Door een probleem met de koeling in datacenters lag de handel in opties, futures en ook valuta op z'n gat. See omnystudio.com/listener for privacy information.
Markedspladsen - ugens vigtigste nyheder fra dansk og international økonomi
Der er fortsat ingen vækst i Tyskland, men euroområdet som helhed overrasker positivt, trukket op af Sydeuropa. Tyskland lemper finanspolitikken kraftigt til næste år, men andre strammer op, så samlet bliver det næppe en lempelse. Blandt andet på den baggrund er ECB godt tilfreds med renteniveauet, som det er.
Pakjesavond laat nog een week op zich wachten, maar de Tweede Kamer deelt deze week alvast cadeautjes uit. Zo gaat de voorgenomen verhoging van de vermogensbelasting toch niet door. Wat dat voor beleggers betekent, bespreken we in deze aflevering. Ook hebben we het over Arcadis, want het Nederlandse bedrijf wil zich gaan mengen in de AI-gekte. Het kersverse dochterbedrijf van Arcadis wint vier opdrachten in Duitsland om die te gaan bouwen. Daarmee zit de pijplijn bij Arcadis al vol met 229 projecten wereldwijd. En je hoort over de storing bij de Chicago Mercantile Exchange. Door een probleem met de koeling in datacenters lag de handel in opties, futures en ook valuta op z'n gat. See omnystudio.com/listener for privacy information.
In this episode of The Swiss View, Jess Roberson and Urs Vrijhof-Droese break down how global tensions—from Ukraine and the Middle East to rising frictions around Taiwan—are influencing market sentiment. They explore why defense stocks are cooling despite unresolved conflicts and how investors are trying to balance optimism with persistent geopolitical risk.The conversation then shifts to the central banks, where missing U.S. data, sticky UK inflation, and the ECB's progress toward target are creating diverging policy paths. Jess and Urs also look at Switzerland's position, including the new U.S.–Swiss tariff agreement and what it means for local markets. With valuations stretched and sentiment improving, they discuss whether markets are setting up for a year-end rally—or simply pricing in too much perfection.Whether you're a seasoned economist, a curious observer, or simply someone interested in global finance, our journey through the intricacies of macroeconomics and global finance promises to be enlightening and thought-provoking. We warmly invite you to join us as we navigate the complexities of international finance together, fostering a community of learning and discussion.Contact WHVP
APAC stocks were mostly higher following the positive momentum from Wall Street, where all major indices gained ahead of Thanksgiving celebrations.10yr JGB futures edged higher but with the gains modest after reports that Japan is likely to increase issuances of 2yr and 5yr JGBs.Alibaba shares were pressured after the Pentagon said it should be on the list of firms with Chinese military ties, while China Vanke shares were hit and its bonds slumped.US President Trump told Japan to lower the volume on Taiwan, following a call with Chinese President Xi, according to WSJ.European equity futures indicate an uneventful open with Euro Stoxx 50 futures up flat after the cash market closed with gains of 1.5% on Wednesday.Looking ahead, highlights include German GfK (Dec), EZ M3 (Oct), Consumer Confidence Final (Nov), Japanese Tokyo CPI (Nov), Industrial Profit (Oct) & Retail Sales (Oct), ECB Minutes (Oct), Speakers including BoE's Greene, ECB's Cipollone & de Guindos, Supply from Italy. Holiday: US Thanksgiving Day; Desk will run normal services on Thursday, 27th November until 18:15GMT/13:15EST. At which point, the desk will close and then re-open later at 22:00GMT/17:00EST for the APAC session. Thereafter, there is normal service on Friday, 28th November until 18:15GMT/13:15EST at which point the desk will close.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Het is de eerste keer in 14 jaar tijd: Apple die meer smartphones uit de fabriek laat rollen dan Samsung. De iPhone 17 is een hit, dat bleek al uit de eerste verkoopcijfers. Maar nu hebben ze er zo'n vertrouwen in bij Apple dat ze richting de feestdagen groots inzetten. Nemen ze een groot risico, of zijn ze terecht zeker van hun zaak? En wat doet dat met het aandeel Apple? Dat hoor je in deze aflevering. Dan hoor je ook wat je aan moet met het record aan grote fusies en overnames dat dit jaar behaald wordt. Voor biljoenen dollars worden er deals gesloten. We zoeken uit of dat goed nieuws is voor beleggers, of dat je je daar toch enige zorgen om moet maken. En je hoort ook wie er het meeste bij die deals wint. En we hebben het ook nog over het sprankje hoop dat beleggers kregen. Wall Street herstelt zich namelijk redelijk snel van de dramatische vorige week. Dus komt er dan misschien toch nog een eindejaarsrally?See omnystudio.com/listener for privacy information.
De centrale bank vreest dat de hervorming van het Nederlandse pensioenstelsel kan leiden tot de uitverkoop van langlopende obligaties en de ruil van rentederivaten. Maar als de Europese markten zo gevoelig zijn voor alleen ons pensioenstelsel, dan mankeert misschien eerder iets aan die markten zélf, betoogt macro-econoom Edin Mujagic. ‘Ik hoop dat de pensioenfondsen geen minuut besteden aan deze zorgen van de ECB.’See omnystudio.com/listener for privacy information.
Het is de eerste keer in 14 jaar tijd: Apple die meer smartphones uit de fabriek laat rollen dan Samsung. De iPhone 17 is een hit, dat bleek al uit de eerste verkoopcijfers. Maar nu hebben ze er zo'n vertrouwen in bij Apple dat ze richting de feestdagen groots inzetten. Nemen ze een groot risico, of zijn ze terecht zeker van hun zaak? En wat doet dat met het aandeel Apple? Dat hoor je in deze aflevering. Dan hoor je ook wat je aan moet met het record aan grote fusies en overnames dat dit jaar behaald wordt. Voor biljoenen dollars worden er deals gesloten. We zoeken uit of dat goed nieuws is voor beleggers, of dat je je daar toch enige zorgen om moet maken. En je hoort ook wie er het meeste bij die deals wint. En we hebben het ook nog over het sprankje hoop dat beleggers kregen. Wall Street herstelt zich namelijk redelijk snel van de dramatische vorige week. Dus komt er dan misschien toch nog een eindejaarsrally?See omnystudio.com/listener for privacy information.
Kia ora,Welcome to Friday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the global economy has one month to go to bolster its 2025 economic performance, all down to retail sales now.First, of course, the US is now in its Thanksgiving holiday weekend, the start of their big retail period until Christmas. A lot rides on the consumer spending activity in this period. It is an impulse with global impact. But the lead-in has not been helpful about giving clues on how it will turn out.Meanwhile, Canadian average weekly earnings came in stronger than expected, up +3.1% in September from a year ago and a touch higher than the August +2.7% rise on the same basis. It was a broad-based rise. It is not a bad result for them given their CPI rise was +2.4% in September, and fell to +2.2% in October, so their earnings are recording real gains.The 'Buy Canadian' movement will be getting the ultimate test this weekend during the 'Black Friday' sales period.In China, industrial profits dropped -5.5% in October from a year ago, taking the top off the +22% jump in September. and the +13% rise in August, and being the first slowdown in growth in three months. A quarter of all companies are now posting losses, a record high. The cost of debt is also a reason some are noting that profits are under pressure. And that may loom larger, because Beijing as told their SOE banks to lend more to other SOEs to prop up consumption demand.We can also see office rents in major cities falling, vacancy rates rising, as pain spreads in the commercial property sector. Vanke is wobbling more now. And separately, despite high sales and rapid growth, Chinese car manufacturers are suffering record low margins. Their industry is very vulnerable to a demand slowdown.In Taiwan, consumer sentiment edged up in October from September, but it is still quite low and far lower than year-ago levels. They haven't got back anywhere near the level they started the year with. Relentless mainland pressure to 'unify' and kill their independence isn't helping.The Bank of Korea held its base policy rate at 2.5% at today's meeting, the final policy session of the year. It did this despite concerns over the broader Korean economic outlook, including a persistent property market slump and a volatile currency.In Malaysia, producer prices were little-changed in October, essentially ending the deflation they had in the prior seven months.In the EU, overall economic sentiment held as did consumer inflation expectations. They are modest and back to pre-pandemic levels in a stable mode and putting behind them the rather strong deflationary expectations over the past two years. That sanguine view was reinforced by the release overnight of the ECB meeting minutes. They seem happy with where they are at and no rate changes seem imminent.In Australia, prudential regulator APRA has said it will limit high debt-to-income home loans to constrain riskier lending that is starting to show up in that market. Some of it has been induced by the Canberra government's taxpayer-subsidised 5% deposit guarantee scheme.And staying in Australia, new private capital spending is rising and more quickly than expected. The rise was largely driven by non-mining industries, which recorded a +13.0% jump, while spending on mining equipment and machinery grew just +4.5%.Global container freight rates dipped -2% last week to be -47% lower than year-ago levels. Outbound China rates are a touch weaker while trans-Atlantic rates a touch stronger. However, bulk freight rates have risen +6.0% over the past week and are now sitting a touch over +50% higher than year ago levels and are back to levels we last saw briefly in November 2023, and prior to that during the pandemic.The UST 10yr yield is still just on 4.00% with US markets closed.The price of gold will start today at US$4156/oz, and down -US$10 from yesterday.American oil prices have risen almost +US$1 from yesterday to be just under US$59/bbl, while the international Brent price is also up, but less, now just over US$63/bbl.The Kiwi dollar is up another +30 bps from yesterday, now at just over 57.2 USc. Against the Aussie we are up +20 bps at just over 87.6 AUc. Against the euro we have risen +30 bps to 49.4 euro cents. That all means our TWI-5 starts today at just under 61.9, and up +30 bps.The bitcoin price starts today at US$91,468 and up +4.5% from yesterday. Volatility over the past 24 hours has been moderate at just on +/- 2.3%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again on Monday.
Lauren Winfield-Hill and Yas Rana chat about the latest from the WBBL before Katya Witney, Aadya Sharma and Rahul Iyer preview the WPL 2026 auction. 0:00 Metro Bank / 0:38 Intro / 0:57 Lauren Winfield-Hill / 11:03 LWH Coaching / 11:37 WPL auction preview / 31:59 Outro The Metro Bank Girls in Cricket Fund in collaboration with the ECB aims to triple the number of girls' cricket teams by breaking down barriers and creating supportive and inclusive spaces. Help transform the game, head to https://www.metrobankonline.co.uk/cricket/ to champion the future of girls' cricket.
US President Trump thinks they are getting very close to a deal on Ukraine, while he separately commented that they are making progress and Ukraine is happy.European bourses are entirely in the green, with the FTSE 100 (+0.2%) trading cautiously ahead of the UK Autumn Budget; US equity futures are modestly firmer.DXY is essentially flat, NZD outperforms after the RBNZ cut rates by 25bps (as expected), but projections suggest a pause throughout 2026.JPY initially strengthened on reports that the BoJ is preparing markets for a possible hike as soon as December, although one of the sources noted that the decision between hiking in December or January remained a close call; JPY is now lower vs USD.Bonds are on the backfoot, paring recent upside; Gilts initially lagged, but now trading in-line with peers as traders eye Chancellor Reeves.Crude is a little lower as focus remains on Russia/Ukraine peace talks, 3M LME Copper surges.Looking ahead, highlights include US Dallas Fed (Oct), Jobless Claims (w/e 22 Nov), UK Autumn Budget, Fed Beige Book, Speakers including ECB's Lane & Lagarde, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
APAC stocks mostly followed suit to the gains on Wall Street, where stocks were underpinned amid Russia/Ukraine optimism and a softer yield environment.US President Trump thinks they are getting very close to a deal on Ukraine, while he separately commented that they are making progress and Ukraine is happy.Nikkei 225 shrugged off a source report that the BoJ is preparing markets for a possible hike as soon as December, although one of the sources noted that the decision between hiking in December or January remained a close call; JPY strengthened, 10yr JGB futures trickled lower.NZD outperformed after the RBNZ cut the OCR by 25bps to 2.25%, as expected, and kept its options open on future policy, although its projections suggested a pause in rates throughout 2026.White House National Economic Council Director Kevin Hassett is reportedly seen as the frontrunner in the Fed Chair search, according to Bloomberg citing sources, although separate sources said “there is no frontrunner”.Looking ahead, highlights include US Dallas Fed (Oct), Jobless Claims (w/e 22 Nov), UK Autumn Budget, Fed Beige Book, Speakers including ECB's Vujcic, Lane & Lagarde, Supply from Germany & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
De VS, China, Europa... Overal glijden de verkopen van Tesla nog steeds weg. En excuses hebben ze niet meer. Musk is met zijn bonuspakket voorlopig wel weer even binnengehengeld, en aan de populariteit van elektrische auto's ligt het ook niet. Die markt groeit juist weer als kool. Hoe lang kan Tesla dit volhouden? Dat zoeken we in deze aflevering uit. Verder hebben we het over de grootspraak van Donald Trump. Dat hij daar niet vies van is zal geen nieuws zijn, maar hij blijkt wel heel erg te overdrijven. Volgens Trump heeft hij het voor elkaar gekregen dat er opgeteld zo'n 21 biljoen dollar aan investeringen aan de Verenigde Staten zijn beloofd. Maar in werkelijkheid ligt dat bedrag een héél stuk lager. Je hoort ook wie de favoriet is voor het stoeltje van Jerome Powell. Het Witte Huis zou zijn opvolger nog voor de kerst gekozen willen hebben. En we vertellen je waarom steeds meer beleggers tegenwoordig hun computer laten voor wat het is, en weer via de telefoon handelen.See omnystudio.com/listener for privacy information.
De VS, China, Europa... Overal glijden de verkopen van Tesla nog steeds weg. En excuses hebben ze niet meer. Musk is met zijn bonuspakket voorlopig wel weer even binnengehengeld, en aan de populariteit van elektrische auto's ligt het ook niet. Die markt groeit juist weer als kool. Hoe lang kan Tesla dit volhouden? Dat zoeken we in deze aflevering uit. Verder hebben we het over de grootspraak van Donald Trump. Dat hij daar niet vies van is zal geen nieuws zijn, maar hij blijkt wel heel erg te overdrijven. Volgens Trump heeft hij het voor elkaar gekregen dat er opgeteld zo'n 21 biljoen dollar aan investeringen aan de Verenigde Staten zijn beloofd. Maar in werkelijkheid ligt dat bedrag een héél stuk lager. Je hoort ook wie de favoriet is voor het stoeltje van Jerome Powell. Het Witte Huis zou zijn opvolger nog voor de kerst gekozen willen hebben. En we vertellen je waarom steeds meer beleggers tegenwoordig hun computer laten voor wat het is, en weer via de telefoon handelen.See omnystudio.com/listener for privacy information.
APAC stocks traded mostly higher as the region took impetus from the tech-led rally on Wall St, where sentiment was bolstered as dovish comments from Fed officials boosted December rate cut bets.NVIDIA (NVDA) fell afterhours on a report that Meta (META) is in talks to spend billions on Google's (GOOGL) AI chips.US President Trump posted that he had a very good telephone call with Chinese President Xi and that they discussed many topics, including Ukraine/Russia, fentanyl, soybeans and other farm products.US Q3 GDP initial estimate is to be released on December 23rd, while US PCE and Personal Income report (Sep) was rescheduled for December 5th, according to the BEA.ECB's Nagel said the current level of the Euro at 1.1600 is not cause for concern.Looking ahead, highlights include German GDP (Q3), US Weekly Prelim Estimate ADP, US PPI (Sep), Retail Sales (Sep), Consumer Confidence (Nov), Richmond Fed (Nov), Speakers including ECB's Cipollone & Makhlouf, Supply from UK, Italy, Germany & US, Earnings from Dell.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
5200 banen moeten weg bij ABN Amro. De nieuwe CEO van de bank denkt dat het allemaal een stuk efficiënter kan. De kosten moeten omlaag, dat had ze al gezegd. En dus gaat de komende jaren bijna een kwart van het personeel eruit. Snijden ze niet te diep in eigen vlees? En maakt dit ABN Amro nu aantrekkelijker, of juist moeilijker om over te nemen? Dat hoor je in deze aflevering. Je hoort ook over Alphabet. Dat ruikt de beurswaarde van 4 biljoen dollar, en krijgt nog even een zetje in de richting dankzij een gerucht over hun chips. Ze maken chips voor datacenters, en Meta zou daar voor een paar miljard dollar van willen inkopen. Die positiviteit slaat over in negativiteit bij de concurrentie, want beleggers in Nvidia en AMD zien Alphabet opeens als een serieuze dreiging. We proberen in de te schatten hoe serieus die dreiging precies is. Verder vertellen we je over een explosieve omzetgroei in de cloudtak van Alibaba. Dat wil dolgraag weer meedoen met de belangrijkste techbedrijven ter wereld. En over een stoelendans in de S&P 500, waar een bedrijf uit onze jeugd opeens een plekje verovert.See omnystudio.com/listener for privacy information.
De Europese Centrale Bank waarschuwt in een voorpublicatie van haar halfjaarlijkse Financial Stability Review dat het groeiende gebruik van stablecoins nauwlettend moet worden gevolgd. Stablecoins zijn digitale tokens die de waarde van een traditionele valuta moeten volgen, meestal de dollar of de euro. Dat klinkt stabiel, maar volgens de ECB kunnen ze risico’s voor het financiële systeem veroorzaken als ze op grotere schaal worden gebruikt. Het gaat dan onder meer om kwetsbaarheden in de onderliggende reserves, de vraag of die reserves in crisissituaties snel genoeg kunnen worden aangesproken en de mogelijkheid dat grote uitstromen leiden tot druk op de markt voor staatsobligaties. Toch erkent de ECB dat stablecoins ook kansen bieden, bijvoorbeeld voor efficiëntere betalingen. In het rapport komt een nieuwe categorie extra naar voren: multi-issuance stablecoins. Dat zijn stablecoins die door meerdere partijen tegelijk worden uitgegeven. De ECB ziet daarin vooral risico’s omdat het toezicht complexer wordt en het onduidelijker is welke partij verantwoordelijk is bij problemen. De onderliggende reserves kunnen versnipperd raken en daarmee moeilijker te beoordelen zijn. De ECB schetst daarom verschillende oplossingen om risico’s te beperken, zoals strengere transparantieregels, duidelijkere eisen aan reserves en een eenduidigere structuur waarin de verantwoordelijke uitgever beter kan worden aangewezen. De waarschuwing lijkt breder weerklank te vinden. Europa werkt al langer aan regelgeving voor digitale activa en de ECB-analyse kan daar invloed op hebben. Tegelijkertijd laten recente publicaties zien dat de meningen uiteenlopen. Economen van de Federal Reserve zijn de laatste maanden opvallend positiever over de technologie. Het IMF en The Atlantic kiezen juist een voorzichtiger toon en wijzen op mogelijke gevolgen voor het financiële systeem. De verschillen illustreren dat stablecoins niet meer als niche worden gezien, maar als een onderwerp dat wereldwijd op de agenda staat. In de prijssessie zien we dat de Bitcoin-koers de afgelopen week sterk bewoog, met een negatieve uitschieter richting de 80.000 dollar. De verkoopgolf lijkt te worden gedreven door onzekerheid onder beleggers en de nasleep van eerdere koersschokken. Twee weken geleden bespraken we de metaforische ‘handrem’, en de vraag is of die inmiddels moet worden gebruikt. De stemming is op dit moment erg negatief, en er zijn signalen dat de bodem nog niet is bereikt. Daar komen de geruchten bij die opduiken in onrustige markten. Zo zou een market maker tijdens de crash van 10 oktober schade hebben opgelopen en gedwongen zijn bitcoins te verkopen, al is het lastig te beoordelen hoe serieus dit is. Andere mogelijke verkopers zijn miners en houders van ETF-posities, die onder druk kunnen komen te staan. Ook het slechte sentiment rond treasuries speelt een rol. Daarnaast circuleren verhalen over quantumcomputers, een instortende AI-markt en grote beleggers die risico’s afbouwen. Het verleden leert dat dit soort verhalen vooral in zwakke markten hardnekkig zijn, maar lang niet altijd een aanwijzing vormen voor wat er daadwerkelijk gebeurt. Co-hosts zijn Bart Mol en Mauro Halve. Gasten Bart Mol Mauro Halve Links Host Daniël Mol Redactie Daniël Mol Matthijs DamsteegSee omnystudio.com/listener for privacy information.
APAC stocks mostly firmer following the Wall St. handover, though China was mixed amid reports of Trump selling NVIDIA chips to China.Fed's Collins says she has not made up her mind on December. Treasury Secretary Bessent said prices are getting better.DXY contained, EUR/USD bounced from 1.15, Cable rangebound, USD/JPY firmer but limited in holiday trade.USTs and Bunds contained after the moves seen on Friday; Crude is uneventful, XAU continues to fade.US' Rubio said good progress had been made re. Ukraine, and none of the outstanding issues are insurmountable.Looking ahead, highlights include German Ifo (Nov), US National Activity Index (Oct), Dallas Fed Manufacturing Index (Nov), Speakers including ECB's Cipollone, Elderson & Lagarde, Supply from the US.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
US Secretary of State Rubio said good progress had been made re. Ukraine, and none of the outstanding issues are insurmountable.European bourses opened stronger, but sentiment has waned a touch in recent trade; US equity futures are mixed.DXY is marginally subdued, EUR gains a touch amidst geopolitical progress whilst the JPY lags.Lacklustre trade across fixed income with USTs flat whilst Bunds are firmer by a handful of ticks.Oil complex has been pressured by progress on Ukrainian peace talks, XAU trades rangebound.Looking ahead, highlights include US National Activity Index (Oct), Dallas Fed Manufacturing Index (Nov), Speakers including ECB's Cipollone, Elderson & Lagarde, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Lampenmaker Signify is al jaren op zoek naar een nieuwe inkomstenbron. De Chinese markt schiet namelijk maar niet op. Door een vastgoedcrisis daar zit niemand aan hun slimme lampen te denken. Een perfecte match met de defensie-industrie, die hard op zoek is naar bedrijven die kunnen helpen bij het opschalen. En Signify is niet de enige, want ook maakbedrijven Kendrion en Aalberts maken de draai naar defensie. Wat doet dat met de waardering van de aandelen? Dat hoor je in deze aflevering. Verder hebben we het over Prosus. De tech-investeerder deed vorige week al een poging om de beleggers enthousiast te krijgen voor hun kwartaalcijfers. Nu is er dan de volledige set met resultaten, en Prosus heeft niet gelogen. De winststijging is ongekend voor het bedrijf, maar toch stelt het teleur. En we hebben het over het einde van een vrij kort tijdperk. Het Department of Government Efficiency (DOGE) is namelijk niet meer. Elon Musk had het schip al verlaten, en het bleek al dat de beoogde doelen bij lange na niet gehaald werden. Maar nu horen we dat de afdeling in stilte is opgeheven.See omnystudio.com/listener for privacy information.
A slightly different episode today as Lauren Winfield-Hill takes on a Reddit Ask Me Anything Q&A. The Metro Bank Girls in Cricket Fund in collaboration with the ECB aims to triple the number of girls' cricket teams by breaking down barriers and creating supportive and inclusive spaces. Help transform the game, head to https://www.metrobankonline.co.uk/cricket/ to champion the future of girls' cricket.
Europe's macro outlook is shifting. After years of fiscal restraint and fragmented policy, the region is entering a new chapter one centered on pro-growth fiscal policy, energy security, and capital-market reform. For investors, this transformation signals the potential for renewed momentum in European equities and fixed income.In this episode of The Bid, host Oscar Pulido speaks with Helen Jewell, Chief Investment Officer for EMEA Fundamental Equities, and Roelof Salomons, Chief Investment Strategist for Northern Europe at the BlackRock Investment Institute, about how Europe's evolving macro and investing environment is creating new opportunities across sectors.They explore how fiscal flexibility is enabling investment in productivity and innovation, how energy transition and AI demand are reshaping infrastructure and power markets, and why European banks, defense companies, and energy-efficiency leaders have emerged as standouts. The conversation also looks at the valuation gap between Europe and the U.S., the implications of potential ECB rate cuts, and what reforms could drive a broader, more durable resurgence.Key Takeaways:· Europe's shift toward fiscal flexibility marks its first explicitly pro-growth stance in over a decade.· The intersection of energy transition and AI is driving infrastructure and power investment.· Banks, defense, and efficiency-focused industrials remain strong performers.· Europe still trades at a discount to the U.S., offering selective opportunity.· Integration of capital markets could unlock long-term competitiveness.Key moments in this episode:00:00 Introduction: Europe's Economic Challenges and Optimism01:10 Meet the Experts: Helen Jewell and Roelof Salomons02:17 Historical Context: Europe's Economic Journey03:51 Current Barriers and Progress in Europe05:40 Sector Focus: Defense, Banks, and Energy08:49 Fiscal Policy and Unified European Growth10:33 Energy and AI: The Long-Term Investment Landscape14:30 Valuation and Market Opportunities in Europe17:17 Conclusion: Path to a Broad Resurgence in Europe19:21 Closing Remarks and Future OutlookEurope investing; Europe macro; European equities; investing in Europe; capital-markets union; energy transition Europe; European fiscal policy; European banks; AI power demand; ECB rate cuts; BlackRock Investment Institute; European defense; valuation gap; competitiveness in EuropeSources: “What's needed for an investment renaissance in Europe?”, BlackRock Investment Institute, October 2025; NATO, August 2025; BlackRock Fundamental Equities analysis, September 2025; “Entering The Age of Electricity”, IEA Electricity Demand 2025;This content is for informational purposes only and is not an offer or a solicitation. Reliance upon information in this material is at the sole discretion of the listener. Reference to any company or investment strategy mentioned is for illustrative purposes only and not investment advice. In the UK and Non-EEA countries, this is authorized and regulated by the FCA. In the EEA, it is authorized and regulated by the AFM. For full disclosures, visit blackrock.com/corporate/compliance/bid-disclosures.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
APAC stocks traded lower across the board as the sharp Wall Street selloff reverberated through the region despite the absence of fresh catalysts.JPMorgan no longer expects the Federal Reserve to cut rates in December, vs its prior forecast of a 25bp cut.10yr JGB futures retraced some of this week's losses whilst the session saw a slew of commentary from Japanese Finance Minister Katayama, who, on the bond market, attempted to alleviate some fiscal woes.Japan may intervene before USD/JPY reaches 160, according to Bloomberg, citing a government panellist.Crypto markets continue bleeding with Bitcoin falling under USD 85,500 at a 7-month low, while Ethereum fell to a 4-month low.Looking ahead, UK PSNB (Oct), Retail Sales (Oct), EZ, UK & US Flash PMIs (Nov), US Real Weekly Earnings (Sep), Canadian Retail Sales (Sep), US Uni. of Michigan (Nov), Euro Area Indicator of Negotiated Wage Rates (Q3), Moody's on the UK & Italy, ECB's de Guindos, Lagarde, Nagel; Fed's Williams, Barr, Jefferson, Logan; SNB's Schlegel.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
JPMorgan and Standard Chartered no longer expect the Federal Reserve to cut rates in December, vs prior forecast of a 25bp cut.European bourses entirely in the red, with AEX underperforming as Tech plays catch-up to Thursday's NVIDIA losses; US equity futures are mixed today, with NVIDIA -1.5% in pre-market trade.DXY is mildly firmer, JPY outperforms on haven flows, jawboning and data metrics which play in favour of further BoJ normalisation. Bloomberg reported that Japan may intervene before USD/JPY reaches 160.Bonds firmer, benefiting from the risk tone; additional impetus from European and UK data.Crude complex pressured on constructive Russia/Ukraine reports, XAU is mildly lower.Looking ahead, US Flash PMIs (Nov), US Real Weekly Earnings (Sep), Canadian Retail Sales (Sep), US Uni. of Michigan (Nov), Moody's on the UK & Italy, ECB's Nagel; Fed's Williams, Barr, Jefferson, Logan; SNB's Schlegel.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
De hele week werd gesmacht naar de cijfers van Nvidia, want die zouden bewijzen: die AI-bubbel bestaat niet. Héél even leek het nog waar te zijn ook. Maar het sentiment sloeg snel om, en toen trok onze redder alle beurzen met zich mee omlaag, ondanks die mega goede cijfers. Ook op onze eigen AEX staan de chipaandelen lager. Waar het misging en hoe die onverklaarbare omslag nu te verklaren valt, bespreken we deze aflevering. Je hoort ook waarom defensie-aandelen vandaag weer fors lager staan en waarom een vredesplan van Donald Trump en Vladimir Poetin beleggers kennelijk meer overtuigd dan groeiprognoses van het Duitse Rheinmetall, het bedrijf dat het meest inlevert. Dan duiken we ook nog in de cijfers van gamereus Ubisoft en moeten we het nog eens hebben over het bedrijf achter oorwurm Baby Shark. Het bedrijf ging naar de beurs dinsdag en het aandeel won direct 60 procent aan waarde, maar daar is drie dagen later niks meer van over. See omnystudio.com/listener for privacy information.
Het hoge woord is eruit, de cijfers waar iedereen op zat te wachten zijn er. Nvidia heeft een sport gemaakt van het overtreffen van verwachtingen. Omzet en winst zijn hoger dan beleggers en analisten hadden kunnen dromen. En ook de toekomst ziet er volgens Nvidia nog beter uit dat gedacht. Ter vergelijking: ze beweren dat de verkopen tien keer zo hoog gaan zijn als drie jaar geleden. Topman Jensen Huang maakt ook van de situatie gebruik om zich uit te laten over een AI-bubbel. Die ziet hij in ieder geval niet. Hij heeft inzicht in de aankomende groei van alle bedrijven die geld gaan verdienen aan kunstmatige intelligentie. En met hun groei zit het volgens Huang meer dan snor. Maar is Huang wel de juiste persoon om te beoordelen wat een bubbel is en wat niet? Dat hoor je in deze aflevering. We gaan dus uitgebreid in op de cijfers van Nvidia, en we vertellen je ook nog een spannend verhaal over ASML. Voormalig topman Peter Wennink zou hebben voorgesteld informatie van Chinese bedrijven door te spelen aan de Amerikanen, om zo geen exportrestricties op z'n dak te krijgen. En de chipmachinemaker zou een afspraak met de VS hebben geschonden over die exportrestricties.See omnystudio.com/listener for privacy information.
Het is officieel: ASML is het beurslievelingetje van Nederland geworden. Het stoot Shell van de troon als meest populaire aandeel in de beleggingsportefeuille. Onder de leus 'never sell Shell' maakte de oliereus in de afgelopen 25 jaar een koersstijging van precies nul procent door. Dus gaat het er bij ASML dan anders uitzien? Dat hoor je in deze aflevering. Dan hoor je ook of die portefeuille verder een beetje op orde is. En of Nederland Spaarland ook het archief in kan. Want voor het eerst hebben Nederlanders meer dan 200 miljard euro in hun beleggingen zitten. Verder hebben we het over Warner Bros Discovery. Dat gooit het verkoopbord wel heel duidelijk in de voortuin nu. Concurrent Paramount Skydance heeft al verschillende keren een bod gedaan op Warner Bros, maar liep telkens tegen een afwijzing aan. En nu laat Warner Bros weten dat ze een krabbel zetten als er een bod van meer dan 74 miljard dollar komt. Je hoort ook nog hoe de rijksten ter wereld nog meer geld weten te slaan uit hun goudstaven. En hoe Amazon met een ouderwetse truc probeert de markt van zelfrijdende taxi's te veroveren.See omnystudio.com/listener for privacy information.
IT'S ASHES WEEK. One of the biggest occasions of the sporting year is here, and with it we have a special show unlike any other we've done before. The Barmy Army is so influential it has made it into the Oxford Dictionary: to quote…it is a term for a group of passionate, noisy, and dedicated fans who support the English national cricket team, especially during overseas tours. For over 30 years, they've built incredible atmospheres by leveraging trumpets, original songs and bucket hats so fashionable they're found all over Glastonbury. But did you know behind this infamous group sits a hugely successful business, with a responsibility to bring the best experiences to the thousands of touring fans under their banner. Chris Millard is the man in charge of the Barmy Army, and in a 6 week period that will no doubt have them front and centre of sports news as 40,000 England fans descend on Australia, we thought it was the perfect time to take a look at the organisation that defines fandom and community. This is a side of the Barmy Army you will not have seen before.It's time to build the hype for as we enter the ultimate cricketing Christmas. We're delighted to welcome Chris to the Business of SportTimestamps:00:00 Intro03:22 What the Barmy Army Has Planned for the Ashes09:20 What the Barmy Army Is Today12:15 The Revenue Streams14:41 How Bazball Has Boosted Test Cricket Demand16:39 How Touring Groups Collaborate in Cricket23:39 Did Commercial Growth Threaten the Barmy Army's Values?27:07 How Barmy Army Merch & Licensing Works31:14 How Fan Culture Can Help Strengthen County Cricket34:20 Why Test Cricket Survives Only in a Few Nations37:52 How Packed Calendars Impact Player Welfare43:08 How Iconic Grounds Were Left Off the Ashes List46:03 Predicting the Ashes Outcome51:43 The Long-Term Vision for the Barmy Army BusinessOn today's show we discuss: The Business Behind the Barmy Army:How a grassroots fan group founded in 1994 has grown into a multimillion-pound sports business.Why the Barmy Army now operates with full-time staff, global partnerships, and a sophisticated travel, merchandise, and events model.The operational challenge of managing over 3,500 official tourists, and more than 40,000 fans, on a single Ashes tour.How it evolved from a group of England fans into a global movement with over two million social followers.Partnerships & Governance in Cricket:Inside the economics of a modern fan brand. From travel packages to apparel, partnerships, and social media monetisation.How collaborations with TNT Sports, retro kit lines, and bespoke tour collections have turned the Barmy Army into a fashion and lifestyle label as much as a supporters' group.The Barmy Army's evolving relationship with the ECB, from being seen as a rival to becoming an ally and trusted partner.How the group now collaborates with governing bodies across the world to influence tour schedules, ticketing, and fan logistics.Test Cricket, Tourism & the Global Game:Why the Barmy Army believes Test cricket is still the sport's heartbeat and how their tours generate up to $750 million in host-country impact.The critical link between tourism, culture, and cricket's survival, from Barbados to the Ashes.The fight to preserve the long-form game amid scheduling chaos and private league dominance.The obstacles of perception, access, and tradition when expanding into new territories.Why the future of fandom will be driven by authenticity, emotion, and the fans who live the game, not the corporations who sell it.
APAC stocks extended losses throughout the session following a similar lead from Wall Street, which had seen heavy losses on Monday. Overall newsflow in APAC hours was quiet, although tech stocks were among the laggards in the region.DXY traded flat for most of the session and eventually drifted lower before dipping under 99.50 despite quiet newsflow, but as haven FX (JPY and CHF) gained amid risk aversion. JGB futures saw limited movement at the short end while the long end continued to weaken, pushing the 20-year yield to its highest level since July 1999. Bitcoin saw deep losses and eventually fell under the USD 90,000 mark to levels last seen in April, whilst Ethereum fell under USD 3,000.European equity futures are indicative of a lower cash open, with the Euro Stoxx 50 future down 1.1% after cash closed 0.9% lower on Monday.Looking ahead, highlights include US ADP Weekly Estimate, US Factory Orders (Aug), US Durable Goods (Aug), and Japanese Trade Balance. Speakers include ECB's Elderson; BoE's Pill, Dhingra; Fed's Barr, Barkin. Earnings include Home Depot, Baidu, Medtronic, PDD; Imperial Brands, Diploma.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
En de verkopen exploderen. Vijf keer zo veel denken ze te gaan verkopen in de komende vijf jaar. Waar ze afgelopen jaar nog voor 10 miljard euro aan bommen en tanks verkochten, ziet het Duitse defensiebedrijf Rheinmetall dat in 2030 toenemen naar 50 miljard euro. En daarbij gaan ze uit van een aantal scenario's, die niet mals zijn. En die ook nog eens opgesteld zijn in samenwerking met geheime diensten. Wat die zijn en wat dat voor defensie-aandelen betekent, hoor je in deze aflevering. Verder zwaaien we alwéér een AEX-bedrijf uit. AkzoNobel heeft een fusiepartner gevonden in het Amerikaanse Axalta. Samen worden ze een verf- en coatingbedrijf van zo'n 17 miljard dollar. En op termijn moet het dan ook gedaan zijn met de notering in Amsterdam. We zoeken voor je uit of je AkzoNobel straks moet gaan missen. En je hoort over de topman van Google. Zelfs hij heeft het over een mogelijke AI-bubbel. En hij heeft een onheilspellende boodschap. Als die bubbel knapt, gaat iedereen dat voelen. Maar hij vindt al die miljardeninvesteringen dan wel weer geheel terecht.See omnystudio.com/listener for privacy information.
In the first of a two-part episode presenting our 2026 outlooks, Chief Global Cross-Asset Strategist Serena Tang has Chief Global Economist Seth Carpenter explain his thoughts on how economies around the world are expected to perform and how central banks may respond.Read more insights from Morgan Stanley.----- Transcript -----Serena Tang: Welcome to Thoughts on the Market. I'm Serena Tang, Morgan Stanley's Chief Global Cross-Asset Strategist. Seth Carpenter: And I'm Seth Carpenter, Morgan Stanley's Global Chief Economist. Serena Tang: So today and tomorrow, a two-part conversation on Morgan Stanley's year ahead outlook. Today, we'll focus on the all-important macroeconomic backdrop. And tomorrow, we'll be back with our views on investing across asset classes and markets. Serena Tang: It's Monday, November 17th at 10am in New York. So, Seth, 2025 has been a year of transition. Global growth slowed under the weight of tariffs and policy uncertainty. Yet resilience in consumer spending and AI driven investments kept recession fears at bay. Your team has published its economic outlook for 2026. So, what's your view on global growth for the year ahead? Seth Carpenter: We really think next year is going to be the global economy slowing down a little bit more just like it did this year, settling into a slower growth rate. But at the same time, we think inflation is going to keep drifting down in most of the world. Now that anodyne view, though, masks some heterogeneity around the world; and importantly, some real uncertainty about different ways things could possibly go. Here in the U.S., we think there is more slowing to come in the near term, especially the fourth quarter of this year and the beginning of next year. But once the economy works its way through the tariffs, maybe some of the lagged effects of monetary policy, we'll start to see things pick up a bit in the second half of the year. China's a different story. We see the really tepid growth there pushed down by the deflationary spiral they've been in. We think that continues for next year, and so they're probably not quite going to get to their 5 percent growth target. And in Europe, there's this push and pull of fiscal policy across the continent. There's a central bank that thinks they've achieved their job in terms of inflation, but overall, we think growth there is, kind of, unremarkable, a little bit over 1 percent. Not bad, but nothing to write home about at all. So that's where we think things are going in general. But I have to say next year, may well be a year for surprises. Serena Tang: Right. So where do you see the biggest drivers of global growth in 2026, and what are some of the key downside risks? Seth Carpenter: That's a great question. I really do think that the U.S. is going to be a real key driver of the story here. And in fact – and maybe we'll talk about this later – if we're wrong, there's some upside scenarios, there's some downside scenarios. But most of them around the world are going to come from the U.S. Two things are going on right now in the U.S. We've had strong spending data. We've also had very, very weak employment data. That usually doesn't last for very long. And so that's why we think in the near term there's some slowdown in the U.S. and then over time things recover. We could be wrong in either direction. And so, if we're wrong and the labor market sending the real signal, then the downside risk to the U.S. economy – and by extension the global economy – really is a recession in the U.S. Now, given the starting point, given how low unemployment is, given the spending businesses are doing for AI, if we did get that recession, it would be mild. On the other hand, like I said, spending is strong. Business spending, especially CapEx for AI; household spending, especially at the top end of the income distribution where wealth is rising from stocks, where the liability side of the balance sheet is insulated with fixed rate mortgages. That spending could just stay strong, and we might see this upside surprise where the spending really dominates the scene. And again, that would spill over for the rest of the world. What I don't see is a lot of reason to suspect that you're going to get a big breakout next year to the upside or the downside from either Europe or China, relative to our baseline scenarios. It could happen, but I really think most of the story is going to be driven in the U.S. Serena Tang: So, Seth, markets have been focused on the Fed, as it should. What is the likely path in 2026 and how are you thinking about central bank policy in general in other regions? Seth Carpenter: Absolutely. The Fed is always of central importance to most people in markets. Our view – and the market's view, I have to say, has been evolving here. Our view is that the Fed's actually got a few more rate cuts to get through, and that by the time we get to the middle of next year, the middle of 2026, they're going to have their policy rate down just a little bit above 3 percent. So roughly where the committee thinks neutral is. Why do we think that? I think the slowing in the labor market that we talked about before, we think there's something kind of durable there. And now that the government shutdown has ended and we're going to start to get regular data prints again, we think the data are going to show that job creation has been below 50,000 per month on average, and maybe even a few of them are going to get to be negative over the next several months. In that situation, we think the Fed's going to get more inclination to guard against further deterioration in the labor market by keeping cutting rates and making sure that the central bank is not putting any restraint on the economy. That's similar, I would say, to a lot of other developed markets' central banks. But the tension for the ECB, for example, is that President Lagarde has said she thinks; she thinks the disinflationary process is over. She thinks sitting at 2 percent for the policy rate, which the ECB thinks of as neutral, then that's the right place for them to be. Our take though is that the data are going to push them in a different direction. We think there is clearly growth in Europe, but we think it's tepid. And as a result, the disinflationary process has really still got some more room to run and that inflation will undershoot their 2 percent target, and as a result, the ECB is probably going to cut again. And in our view, down to about 1.5 percent. Big difference is in Japan. Japan is the developed market central bank that's hiking. Now, when does that happen? Our best guess is next month in December at the policy meeting. We've seen this shift towards reflation. It hasn't been smooth, hasn't been perfectly linear. But the BoJ looks like they're set to raise rates again in December. But the path for inflation is going to be a bit rocky, and so, they're probably on hold for most of 2026. But we do think eventually, maybe not till 2027, they get back to hiking again – so that Governor Ueda can get the policy rate back close to neutral before he steps down. Serena Tang: So, one of the main investor debates is on AI. Whether it's CapEx, productivity, the future of work. How is that factoring into your team's view on growth and inflation for the next year? Seth Carpenter: Yeah, I mean that is absolutely a key question that we get all the time from investors around the world. When I think about AI and how it's affecting the economy, I think about the demand side of the economy, and that's where you think about this CapEx spending – building data centers, buying semiconductors, that sort of thing. That's demand in the economy. It's using up current resources in the economy, and it's got to be somewhat inflationary. It's part of what has kept the U.S. economy buoyant and resilient this year – is that CapEx spending. Now you also mentioned productivity, and for me, that's on the supply side of the economy. That's after the technology is in place. After firms have started to adopt the technology, they're able to produce either the same amount with fewer workers, or they're able to produce more with the same amount of workers. Either way, that's what productivity means, and it's on the supply side. It can mean faster growth and less inflation. I think where we are for 2026, and it's important that we focus it on the near term, is the demand side is much more important than the supply side. So, we think growth continues. It's supported by this business investment spending. But we still think inflation ends 2026, notably above the Fed's inflation target. And it's going to make five, five and a half years that we've been above target. Productivity should kick in. And we've written down something close to a quarter percentage point of extra productivity growth for 2026, but not enough to really be super disinflationary. We think that builds over time, probably takes a couple of years. And for example, if we think about some of the announcements about these data centers that are being built, where they're really going to unleash the potential of AI, those aren't going to be completed for a couple of years anyway. So, I think for now, AI is dominating the demand side of the economy. Over the next few years, it's going to be a real boost to the supply side of the economy. Serena Tang: So that makes a lot of sense to me, Seth. But can you put those into numbers? Seth Carpenter: Sure, Serena totally. In numbers, that's about 3 percent growth. A little bit more than that for global GDP growth on like a Q4-over-Q4 basis. But for the U.S. in particular, we've got about 1.75 percent. So that's not appreciably different from what we're looking for this year in 2025. But the number really, kind of, masks the evolution over time. We think the front part of the year is going to be much weaker. And only once we get into the second half of next year will things start to pick up. That said, compared to where we were when we did the midyear outlook, it's actually a notable upgrade. We've taken real signal from the fact that business spending, household spending have both been stronger than we think. And we've tried to add in just a little bit more in terms of productivity growth from AI. Layer on top of that, the Fed who's been clearly willing to start to ease interest rates sooner than we thought at the time of the mid-year outlook – all comes together for a little bit better outlook for growth for 2026 in the U.S. Serena Tang: Seth thanks so much for taking the time to talk. Seth Carpenter: Serena, it is always my pleasure to get to talk to you. Serena Tang: And thanks for listening. Please be sure to tune into the second half of our conversation tomorrow to hear how we're thinking about investment strategy in the year ahead. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.
This week, host Richard Graves sits down with Charlie Binns, Lead Nutritionist for the England men's cricket team, fresh from Perth as preparations ramp up for the Ashes. Charlie lifts the lid on what elite fuelling actually looks like across five-day Tests, why recovery is an arms race, and how his team builds simple, repeatable habits the players will actually use, from colour-coded carb periodisation to the humble banana bread on the snack table. He also shares the months of behind-the-scenes logistics you never see: venue-by-venue menus for lunch, tea and post-match; shipping batch-tested supplements across the world; and how day–night “pink ball” Tests flip the entire eating schedule on its head. Expect practical insights, no fluff, and a proper appreciation for just how physically brutal modern cricket really is. What you'll learn from the episode * Cricket's true physical demands: why a Test bowler can cover ~50 km across a match and repeatedly absorb ~8× bodyweight through the front leg, and what that means for fuelling and recovery. * Tour prep, six months out: coordinating stadium caterers, training-day menus, and freighted, batch-tested supplements, plus how strategies are trialled at home before heading overseas. * Match-day fuelling made usable: the role of lunch, tea and all-day snack stations; when to use liquids vs solids; and why simple, high-carb options (wraps, bagels, flapjacks, banana bread) win. * Carbohydrate periodisation in practice: using colour-coded days to align intake with bowling/fielding workloads, then ramping to a high-carb taper before the first ball. * Refuel like a pro: stacking recovery windows, shakes on the final whistle, high-carb changeroom options, team-room snacks, and evening meals, to reduce soreness and restore glycogen for day two (and three). * Day–night Test adjustments: how pink-ball timings shift pre-match, “lunch”, “tea” and sleep hygiene, and the tweaks Charlie makes to keep players alert without compromising recovery. * Communication that sticks: nudging over lecturing, tailoring to individual preferences, and equipping S&C staff to deliver on-ground during play. About Charlie Binns Charlie Binns (BSc, MSc, SENr, UKAD, ISAK) is the Lead Nutritionist for the England & Wales Cricket Board's men's team. He joined the ECB setup after roles across elite rugby and football, including First-Team / Senior Men's Nutritionist at Tottenham Hotspur and consultancy with Birmingham City FC. He also founded CMB Performance & Nutrition, serving athletes and organisations from academy to international level. Charlie's academic route began with a First-Class BSc in Sport & Exercise Nutrition at Leeds Trinity University, followed by an MSc in Applied Sports Nutrition at St Mary's University, Twickenham. He is SENr-registered, UKAD-accredited, and ISAK L1 certified. Before moving into cricket full-time, Charlie built experience in multiple environments to broaden his practice, from Richmond Rugby during his Master's to league and academy football, a deliberate multi-sport grounding he still credits for his applied approach in cricket. Within England Cricket's performance team, Charlie's remit spans: Tour logistics & catering coordination across venues (training, lunch, tea, post-match menus). Carb periodisation frameworks aligned to bowling/fielding loads and match phases. Recovery protocols (e.g., immediate shakes, tart cherry, staged refuelling) to hit repeat high-output days. He's been part of touring groups across the subcontinent, South Africa and Australia, and has supported senior and Lions squads in major series and tournaments. Media reporting has highlighted his role in individualising fuelling targets for players during high-demand campaigns. Outside the ECB, Charlie has hosted CPD for nutritionists across the county game and continues to contribute to practitioner development within cricket.
European bourses initially opened flat, but have since slipped into the red; US equity futures are mixed.DXY is slightly firmer, whilst Antipodeans slip as the risk tone deteriorates a touch.Bonds are firmer amid the softer European tone but largely awaiting a packed speakers docket, and data later this week.Crude complex started the session in the red, but has since reversed on geopolitical updates; XAU marginally subdued.Looking ahead, highlights include US NY Fed Manufacturing, Construction Spending, Canadian CPI. Speakers include Fed's Williams, Jefferson, Kashkari, Waller; ECB's Cipollone; BoE's Mann; BoC's Kozicki.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
US Treasury Secretary Bessent said the China rare-earths deal will “hopefully” be done by Thanksgiving, according to Fox News.US President Trump said he does not think more tariff rollbacks will be necessary; he said top US officials spoke with their Chinese counterparts on Friday and that he is speaking to China about soybeans, according to Reuters.Apple (AAPL) has intensified succession planning for CEO Tim Cook and is preparing for him to step down as soon as next year, according to the FT.APAC stocks traded mostly lower after the mixed lead from Wall Street; European equity futures are indicative of an uneventful open with Euro Stoxx 50 future U/C after cash closed -0.9% on Friday.Bitcoin briefly erased all 2025 gains, falling to near USD 93k as crypto markets suffered over the weekend.Looking ahead, highlights include US NY Fed Manufacturing, Canadian CPI. Speakers include Fed's Williams, Jefferson, Kashkari, Waller; ECB's Lane, Villeroy, de Guindos, Cipollone; BoE's Mann; BoC's KozickiClick for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Na 14 jaar is het wel mooi geweest voor Tim Cook. Volgens de Financial Times is de zoektocht naar zijn opvolger als CEO van Apple van start. Geen ruzie, of grote fout. Cook is gewoon op pensioengerechtigde leeftijd, en kan dus van zijn verdiensten gaan genieten. Het levert wel een probleem op, want wie oh wie moet in die grote schoenen van hem gaan staan? En wat betekent die keuze voor de toekomst van Apple? Dat bespreken we deze aflevering. Verder hebben we het over de man die al lang met pensioen had moeten zijn, maar dat eindelijk binnenkort maar eens gaat doen. Warren Buffett zat jarenlang op een geldberg van honderden miljarden dollars, maar geeft nu toch weer wat ervan uit. Zijn Berkshire Hathaway steekt een slordige 5 miljard dollar in Alphabet, het moederbedrijf van Google. En dat terwijl het aandeel Alphabet al een enorme stijging achter de rug heeft. Ook hoor je over tech-investeerder Peter Thiel. Die verkoopt juist zijn grootste belang. Gaat om zijn investering in Nvidia. Dat komt woensdag met de kwartaalcijfers, maar daar gaat Thiel niet op wachten. En we vertellen je over Trump die op de knietjes gaat. Hij geeft toe: zijn importheffingen zorgen voor enorme inflatie.See omnystudio.com/listener for privacy information.
Katya Witney chats to former England head coach Mark Robinson about winning the World Cup in 2017, his toughest selection calls, how coaching a women's side changed his perspective on the game and much more. 0:00 Metro Bank / 0:37 Intro / 1:05 Mark Robinson interview / 57:22 Outro The Metro Bank Girls in Cricket Fund in collaboration with the ECB aims to triple the number of girls' cricket teams by breaking down barriers and creating supportive and inclusive spaces. Help transform the game, head to https://www.metrobankonline.co.uk/cricket/ to champion the future of girls' cricket.
European equities opened broadly lower, with all major indices in the red as sentiment soured following weakness in APAC trade; FTSE 100 lags.US equity futures are weaker across the board in pre-market trade as Tech continues to lag on valuation concerns. GBP/USD is in focus this session following reports that Chancellor Reeves has scrapped plans for an income tax rate hike, a move seen as increasing fiscal risks ahead of the November 26th budget.Gilts experienced a volatile session, with the benchmark plunging from 93.37 to 92.07, but has since rebounded modestly on reports around UK forecasts.UKMTO notes of incident off the coast of UAE's Khor Fakkan [near the Strait of Hormuz], believed to be state activity; Vessel is transiting towards Iranian territorial waters.Looking ahead, speakers include ECBʼs Cipollone & Lane, Fedʼs Bostic, Schmid & Logan. Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
APAC stocks were pressured following the sell-off stateside, where tech was hit on valuation and China AI race concerns, while sentiment was also not helped by recent hawkish-leaning Fed rhetoric and mixed Chinese activity data.Chinese activity data was mixed, in which Industrial Production disappointed and Retail Sales marginally topped estimates, but both showed a slowdown from the previous, while Chinese House Prices continued to contract.US BLS said it is working on a plan to release the delayed data and stated, "We appreciate your patience while we work to get this information out ASAP, as it may take time to fully assess the situation and finalise revised release dates", according to WSJ.UK PM Starmer and Chancellor Reeves reportedly ditched budget plans to increase income tax rates, according to FT.European equity futures indicate a lower cash market open with Euro Stoxx 50 futures down 0.3% after the cash market closed with losses of 0.8% on Thursday.Looking ahead, highlights include German Wholesale Price Index (Oct), French/Spanish CPI Final (Oct), EU Trade Balance (Sep), EU GDP Flash Estimate (Q3), Speakers including ECB's Cipollone, Elderson & Lane, Fed's Bostic, Schmid & Logan, Earnings from Swiss Re, Allianz & Siemens Energy.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
This is a special episode of Other People's Money is our regular series on sports investment which was recorded recently in front of an invited audience at the London headquarters of EY, the Big Four accounting and professional services group. Joining Richard and regular OPM co-host Matt Rogan were John Fallon and Vikram Banerjee.John Fallon was CEO of publishing giant Pearson during the white heat of digital transformation. His book Resurgent is an essential counter balance to the cliches that gather around the much discussed topic of disruption.Vikram Banerjee is managing director of The Hundred, and previously led the strategy, insights and business operations functions at the England and Wales Cricket Board. A former professional cricketer, he has played a key role in setting the strategic direction for the sport, including the creation of the ECB's strategy for cricket – Inspiring Generations – and the South Asian Action Plan, which was launched in 2018. The other voices you'll hear include questions from our audience including Alan Noble and Sarah Hanks, our hosts at EY, plus Gessica Howarth of Sphera Partners.Unofficial Partner is the leading podcast for the business of sport. A mix of entertaining and thought provoking conversations with a who's who of the global industry. To join our community of listeners, sign up to the weekly UP Newsletter and follow us on Twitter and TikTok at @UnofficialPartnerWe publish two podcasts each week, on Tuesday and Friday. These are deep conversations with smart people from inside and outside sport. Our entire back catalogue of 400 sports business conversations are available free of charge here. Each pod is available by searching for ‘Unofficial Partner' on Apple, Spotify, Google, Stitcher and every podcast app. If you're interested in collaborating with Unofficial Partner to create one-off podcasts or series, you can reach us via the website.