Podcast appearances and mentions of ellen wald

Dr. Ellen Wald and Ed Butowsky cover the energy markets. Ed says that the movement away from Middle Eastern reliance means that he's not overly worried about an impact to the U.S. “You have everything in the world pushing prices down,” he adds. Ellen thinks the oil market has realized that Israel's attacks on Iran are not going to shock the system. She also thinks there is very little threat to the Strait of Hormuz – “Iran has to have absolutely nothing to lose.”======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Dr. Ellen Wald, author of “Saudi, Inc.”, thinks the crude oil rally is due to speculation that the incoming Trump administration will tighten sanctions against Russia and Iran. However, she says the gains could reverse quickly in a tumultuous environment. She covers potential offshore drilling under the new administration and Biden's efforts to prevent it before leaving office. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroTV - https://www.distro.tv/live/schwab-network/ Follow us on X – https://twitter.com/schwabnetwork Follow us on Facebook – https://www.facebook.com/schwabnetwork Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Steve Man, Bloomberg Intelligence Global Autos and Industrials Research Analyst, discusses Tesla's layoffs and management shakeup. Dr Ariel Cohen, Senior Fellow at the Atlantic Council, discusses the geopolitical implications of Iran's attack on Israel. Ben Emons, Senior Portfolio Manager, Head of Fixed Income at NewEdge Wealth, discusses the latest on the markets. Ellen Wald, President of Transversal Consulting, joins to discuss the impact of mideast tensions on oil prices. Aaron David Miller, Senior Fellow at Carnegie Endowment for International Peace, discusses Mideast tensions.Hosts: Paul Sweeney and Alix SteelSee omnystudio.com/listener for privacy information.

-Lara Rhame, Chief US Economist, FS Investments-Jack Manley, Executive Director & Global Market Strategist, JPMorgan-Ellen Wald, Sr. Fellow, Atlantic CouncilLara Rhame of FS Investments says the nuances around inflation should give the Fed more patience before cutting interest rates. JPMorgan's Jack Manley says the dynamic between the Fed and inflation has become a 'chicken and the egg' situation. Ellen Wald, Sr. Fellow at the Atlantic Council, says she doesn't expect the US to tap into its strategic oil reserves to lower gas prices in the short-term.See omnystudio.com/listener for privacy information.

On this episode of the Energy Security Cubed Podcast, Kelly Ogle and Joe Calnan interview Ellen Wald about the role played by Saudi Arabia amid the conflict between the United States, Israel, Iran, and the Houthis. For the intro session, Kelly and Joe Calnan talk about the real world impacts of the Red Sea violence on oil prices and the Biden Administration's decision to pause approvals for LNG export facilities. Guest Bio: - Ellen Wald is a CGAI Fellow and the author of Saudi Inc., a history of Saudi Aramco: https://www.amazon.ca/Saudi-Inc-Arabian-Kingdoms-Pursuit/dp/168177660X Host Bio: - Kelly Ogle is Managing Director of the Canadian Global Affairs Institute - Joe Calnan is a Fellow and Energy Security Forum Manager at the Canadian Global Affairs Institute Reading recommendations: - "Steam Train, Dream Train", by Sherri Duskey Rinker and Tom Lichtenheld: https://www.amazon.ca/Steam-Train-Sherri-Duskey-Rinker/dp/1452109206 - "You Have a Friend in 10A", by Maggie Shipstead: https://www.amazon.ca/You-Have-Friend-10A-Stories/dp/0525656995 - "Wind Power Economics: Rhetoric & Reality", by Gordon Hughes: https://ref.org.uk/Files/performance-wind-power-dk.pdf Interview recording Date: January 30, 2023 Energy Security Cubed is part of the CGAI Podcast Network. Follow the Canadian Global Affairs Institute on Facebook, Twitter (@CAGlobalAffairs), or on LinkedIn. Head over to our website at www.cgai.ca for more commentary. Produced by Joe Calnan. Music credits to Drew Phillips.

Randy Kroszner, University of Chicago Professor of Economics & former Fed Governor, along with Bill Dudley, former NY Fed President & Bloomberg Opinion columnist, Alan Ruskin, Deutsche Bank Chief International Strategist, and Tiffany Wilding, PIMCO Economist, break down December's stronger-than-expected US jobs report. Ellen Wald, Atlantic Council Senior Fellow, discusses the latest on oil with news that Maersk will avoid sending ships through the Red Sea for the 'foreseeable future' amid increasing violence from Houthi rebels.Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Cathie Wood, Ark Investment Management CEO, CIO & Founder, recaps a prosperous year for Ark Invest ETFs and discusses her outlook on the crypto and technology sectors for 2024. Lara Rhame, FS Investments Chief US Economist, breaks down the final jobless claims data of 2023 and predicts a moderation in consumer spending next year. Mona Mahajan, Edward Jones Senior Investment Strategist, says bouts of volatility next year could provide opportunities for investors to get more involved. Geoff Yu, BNY Mellon Senior Market Strategist, says the US dollar has peaked and advises to pick any dollar shorts with caution. Ellen Wald, Atlantic Council Senior Fellow, discusses the latest in the global oil markets amid increasing instability in Red Sea trading.Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Brian Moynihan, Bank of America Chairman & CEO, sits down with Bloomberg's David Westin for a conversation on the bank's eventful year in 2023 and his economic outlook going forward. Rich Clarida, PIMCO Global Economic Advisor, former Federal Reserve Vice Chairman & Columbia University Professor, says he doesn't think Fed Chair Powell made a mistake in suggesting rate cuts next year. Chris Hyzy, Merrill and Bank of America Private Bank Chief Investment Officer, says investors are eyeing a broadening out in the equity market over the next several years. Subadra Rajappa, Societe Generale Head of US Rates Strategy, expects the bond market rally to lose momentum going into the year-end. Ellen Wald, Atlantic Council Senior Fellow, discusses the impacts of attacks on commercial vessels in the Red Sea on the global oil market.Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Julian Emanuel, Evercore ISI Chief Equity & Quantitative Strategist, expects consolidation in the streaming industry in the coming years. Greg Valliere, AGF Investments Chief US Policy Strategist, discusses the third Republican primary debate. Cameron Dawson, Newedge Wealth Chief Investment Officer, says it's too early to know if the uplift in unemployment will barrel higher into next year. Geetha Ranganathan, Bloomberg Intelligence US Media Analyst, breaks down Disney's better-than-expected 4Q earnings. Ellen Wald, Atlantic Council Senior Fellow, discusses the global oil market as crude prices remain low.Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance    Full transcript:  I'm Tom Keene, along with Jonathan Farrow and Lisa Abramowitz. Join us each day for insight from the best and economics, geopolitics, finance and investment. Subscribe to Bloomberg Surveillance on demand on app, Spotify and anywhere you get your podcasts, and always on Bloomberg dot Com, the Bloomberg Terminal, and the Bloomberg Business App. Jitting a manuel jointed to surround a table Chief Equity just over at evercor SI jitting Good mornings here, Good morning. Have you been participating in this wonderful, beautiful thing that is an eight day winning streak. Yeah, we have, you know, several weeks ago we just felt that when you backed off of that five percent yield, And I know we've been talking about it, but it is the fact that in this world now for the last year and a half, where stocks and bonds have been positive correlated, if bond yields go down, stocks go up, and backing off of five percent was huge for the psychology. And now we've got this unexpected oil price plunge, which is even bigger for Cheryl, I'm with you. Those two points yesterday stood out for me. Break a four to fifty on a ten year break of eighty on Brent crude. At what point do these correlations start to break the other way? What brings up hot that change? Well, we are watching that very closely. And guess what, the high frequency data is really important because that chart you were talking about a few moments ago, with the unemployment rate rising from three to four to three nine in the past, when that starts to happen, it tends to snowball. But where we're going to get the initial read on that is that eight thirty jobless claims number starts edging over two hundred and fifty thousand, we get a little bit cautious. Three hundred thousand is where we know the economy is going to turn down. I'm supposed to fold in now A question on Ed Hyman's Hicksy and Islm theory and his disinflation theory into your stock babble, forget about it. I love the single sentence you have which pushes against all that malarkey by saying price is paramount. Right now, when you talk to Ed Hyman, how does a respond to you telling them your economics doesn't matter, price is paramount. I'll tell you how five weeks ago Ed Heyman started putting out in almost daily the act that gasoline lean prices started falling as the conflict was erupting. You already had the turn in gasoline prices completely, you know, devoid of real sort of prosperity with Hymen's disinflationary tendency or outright deflation in China. Look, if you look at the last fifteen years, you've had episodic times of that from again. Obviously the financial crisis is one of those times. But ultimately what it comes back to again for equity investors, for bond investors. First of all, the whole idea of getting a real return on money in this world now is actually a positive for financial assets. It's a positive for capital allocation, and long term, it's a positive for growth. And that's you know, that's part of the equity investing mindset. Do you need a long term view right now or do you just trade the short term. It's really difficult to have a long term view because of what we're talking about the inflection in the economy potentially happening. But if you take the super long term view, is that even if you get the recession that Ed's thinking we're going to get, that it's going to be mild in twenty twenty four. What you're left with is a labor market that has rebalanced. What you're left with is again a real cost of money, better capital allocation, and frankly, we've talked about this before, you have new technological developments like generative AI that is going to improve the productivity of corporate America over the long term. One of the main frustrations of this year was that pretty much everything everyone said at the beginning of the year has proven to be wrong, including that this would be the year that tech stocks would fade more meaningfully and you start to see a broadening out in the rally. Energy stocks would start to be the true leaders. You just actually moved away from an overweight and energy and are talking more about generative AI. It seems like the theme just keeps on being that the leaders will keep leading. Everything else will just have to figure out where they fit in. Well, look, again, the recession will probably, you know, to the extent that it does arrive in the next twelve months or so, rationalize some of this, but ultimately what it's going to do, and look, part of the consternation on equity investors' minds is the fact that the Russell two thousand is making new lows. Ultimately, you're going to get to a point where there will be an attractive price for the other four hundred and ninety three stocks away from the Magnificent seven, and you will get to an earnings reset. We think that's part of next year's narrative. This is the difficult question I think people have got to confront at the moment. Do I want to buy the recovery to the recession I've not had yet, given the damage we've seen in the small camps. You can pick up various places to back up the consumer discretionary story. Allines, for instance, which have come way off the peak back of the summer. Do I want to start picking up the pieces going into what could be a slow down next year. We think you need to be balanced. It's one of those things where again, given the lack of visibility into next year, what we always say, we've had a very nice run in recent weeks, and if you go back over the last year, it's been a very nice run off the October lows. You need to be comfortable with the fact that if the market comes in ten or fifteen percent, which it does in any typical year, as it did several weeks ago, that you're a buyer of the dips and whatever that asset allocation is to you. That's the kind of discipline you need to employ. Goldman speak to this as well. We've gone through their note this morning a few times. It's worth doing it again. The hard part's over. More disinflation is in store over the next year. On growth, they see limited risk of a recession, and they say this on central bank policy. Then this is a really really interesting point. An increased willingness of central banks to deliver insurance cuts it grows slows. Earlier this week, Ben later on this program of E Toro, was saying the FED put was back. Lisa and I looked at each other and almost spat out our water. The FED put is back insures cuts of growth slows. Is the old fetch story returning? No? Why are they wrong? No? Look, because there is an assumption that there is a reflex reaction to a minus GDP quarter. Thankfully we didn't see it in twenty twenty two when we had that, because if you had interrupted the rate hiking program, you wouldn't have gotten to where you are. And you can argue both sides of this case, but frankly, for US, there is a commitment, given the fact that core PCE is still solidly with a three handle, that you just can't go down that road unless it really looks like there's a severe economic downturn. And we still think there's enough savings left over so that won't be the case. Judy and awesome as a was Emmanuel have et a court joining us now to brief off the GOP debate. Last night, Gregory Vliate, US policy strategist at AGF Investments. Gregory stood on the floor of the GOP convention of two thousand and four, and it was a different Republican Party. George Bush Junior wanted a more hopeful America. What's going to be that slogan this summer for the Republicans? Well, I think they'll emphasize the economy. They'll state that Biden has not done a good job. Frankly I would disagree, but I think that they'll make it more about the economy than anything else. The really intriguing issues are abortion number one, number two. How much more involved are we going to get in Ukraine and Israel? What about the idea that they're losing elections, not doing as well in certain elections. It going to be the mix of that we just saw it can be from a year ago, November, etc. How do they start winning again? Well, I don't think you talk like Ramaswami. I think he talked himself off the boat last night. I don't see much of a future for him. Probably not much of a future for Tim Scott. So it's dwindling. You've really only got three challengers. DeSantis, who was okay last night but made a strategic error he didn't mention the governor of Iowa had endorsed him. I can't believe he didn't talk about that. And then you've got Nicky Haley. He'll stick around for a while, maybe Chris Christy, but we'll begin at twenty twenty four. I think with just two challengers to Trump, that would be DeSantis and Haley. Do you think either of them have a chance of taking Trump off the ticket? Who would either of them? Oh? No, not at all. I mean Trump would have to do something really egregious, and he's pretty much filled the role on that for the last couple of years. So no, I don't see anything, you know, barring a health issue, that will keep Trump from being the nominee. Meanwhile, President Biden is going to meet with the UAW leader today and the there's a real question of what he can do to shore up the image of bignomics, of what's happened in the economy, which some people are saying on paper doesn't look so bad, yet in practice, has a lot of people feeling like they want something different. Well, it's a good question, Liza. I'm told that within the White House, Trump Biden is angry, he feels he's done a pretty good job in the economy and gets no credit. So he's going to hit the road and try to make his case. The problem is an awful lot of Americans fear that we're not out of the woods, and there's still more inflation threats, food, gasoline still to come. Greg Valier one oh one. Folks, this is a great course to take in politics. You get it off the back of a matchbook. You can take Valier one oh one. Greg, Your value one oh one is fiscal issues at the day of the election don't matter. Are you telling me the debt and the deficit don't matter the first Tuesday of November, Well, when you look at net inter cost, you look at borrowing costs, this is becoming a major crisis for the bond market, and there's no mood in Congress whatsoever to dramatically cut the deficit. However, I think that once we get through Labor Day of this coming year, this stuff will be irrelevant. I think attitudes harden during the summer. If Trump is well ahead, he could pull us out. But I have a feeling that Biden will come back. I have a feeling that the Democrats all of a sudden are motivated because of what happened in Kentucky. Is a path of least resistance for the former president. Another tax cut that's going to be on the agenda. You're absolutely right, Tom, and I think with the Senate probably flipping, in the House probably flipping, you're going to have a climate that will be ripe for a huge argument on whether we extend the Trump tax cuts. I think we will. I think Trump will talk about tax cutting even though the deficit is enormous. Greg, I have to wonder whether this time is different. A lot of people come on the show. We'll say dysfunction in Washington, DC is the reason why yields have been flipping and flopping and going all over the place, and then they talk about a potential government shutdown and say markets won't care. Have we reached the point where market dysfunction is going to result from political dysfunction in DC in a more material way. Well, we're going to see probably another alleged crisis on November seventeenth if there's no budget. I don't think the markets will be all that concerned about it. I do worry about the credit agencies, you know, fitch S and p downgrading US debt, not just because of the size of our debt, but because things are so dysfunctional in getting a budget. Great to catch up, Greg, appreciate your input. Greg Vally. THEFJEFF investment's gone into next year, as Ed Marangi and Emmanuel. So are you a confirmed bull? Cameron? I think that given the setup into your end, we can expect some kind of Santa claus rally just because of tax loss dynamics into the end of the year. The largest weights in the index are up the most this year, which means that you don't have eager sellers to recognize tax games. This is very different than last year, where the largest weights in the index were down a lot people sold them and you effectively puked into the end of the year. What it's the proverbial puke into the end of the year? Okay, thank you? Can we say that on radio? We just did, Cameron seriously our Warner Brothers discovery yesterday. Puke as you call it. Okay, how does that handle by tax saw selling? Well? I think that it will magnify as we go into the end of the year. You look at the areas that are down the most. This is small caps, This is cyclicals, This is healthcare some of your defensives. These are the areas where people are looking for tax sace harvesting opportunities. The key point though, is that they're smaller weights in the index or they're not part of the index. So when we just look at the S and P five hundred, that could be something that supports it into end year. So help me here. Am I buying the index the S and P five hundred? And am I looking for buying opportunities in small camps? The financials, things that have struggled? What am I doing? I think that you have to look for opportunities and things that have struggled as you go into twenty twenty four, because we know that pain trades usually are reversal trades in leadership and just at the point where everybody throws in the towel and says, well, you can't own anything but the magnificent seven. These are the names that give you optionality on AI and they have the best earnings growth. Everybody crowds into them, that's typically the moment that that's when they start to lag. And so I think we have to have the imagination that other things could do well in twenty twenty four. Other than just the narrow leadership that we've had this year, the Tilson Slock of Apollo's writing questions for us this morning. This is the question he's asking in its most recent note. Everyone who's bullish on equities and lower rated credit should ask them sound where they think the labor market will be in three months. With the Fed on hold and not showing any signs of cutting anytime soon, what's your labor market bed With that in mind, we are having the ultimate debate is if we're seeing normalization or we're seeing weakening. And the challenge is that normalization is usually the gateway drug two weakening, meaning that you see a little easing that turns into a lot of easing. But we're not yet seeing definitive data yet to say that the uplift we've had in unemployment is going to barrel higher. The key thing to remember, though, the Fed itself in its SEP the Summary Economic Projections has unemployment going to four point one percent next year and they're not forecasting a recession. So that's going to be a key question of if we get that four point one percent, does that justify them easing policy? Is it okay to sort of say we don't care for now. Down the line, whatever happens will happen. In the meantime, we can dance in the head of a pin with oil prices coming off, yield coming lower, and risk appetite still available. Yeah, because if we think going into CPI next week, remember that gasoline prices are down ten percent over the month of October. That's very different over the summer months where gas prices were up a lot. It pinched consumer spending maybe a little bit at the margin. So that does create this beneficial environment. But I think it's important to remember twenty twenty two, we priced in the earnings recession. In twenty twenty three, twenty three, we priced in the earnings recovery in twenty four. What are we going to price in twenty twenty four as we looked at twenty twenty five, are we still confident that this entire economic setup can remain very strong, that unemployment won't be an issue, consumer spending can remain robust Given the lack of certainty around some of the outcomes, the potential outcomes with the economy, How nimble are you remaining How are you remaining nimble? To be able to adjust quickly. I think we have to remain completely nimble. We saw that over thet last couple of weeks where we went from deeply oversold to deeply over to getting close to being overbought. It means that technicals become really important. We can't get too lodged into narratives because narratives would have told you everything's ending back a couple of weeks ago. Be scared. Now the narratives are saying everything is fantastic. The thing is that we are at resistance when we look at technical levels forty four hundred very important for the s and P five hundred four and a half percent very important support for the tenure. How we interact with those resistance and support levels will be very indicative of the next couple of months. Speak to the people who listened to you and said, Okay, I'm really nervous, but I'm going to participate in this market and they own tech which literally on an hourly basis, has a bid right now. What's the character of that bid on the Magnificent seven. Well, it's extraordinarily strong. But then think about the difference in the setup going into twenty twenty two Magnificent seven earnings had been cut by about twenty percent over the course of the year. Now going into twenty twenty three, over the course of twenty three, Magnificent seven earnings had been revised higher by sixty seventy percent sent on average because of the better growth that they've had. So it's a much higher bar and I think that's where the discipline is is not trying to extrapolate too much of the experience of twenty three, get too crowded, and instead look for opportunities and areas that might be more left behind. You've been talking, Cameron about how difficult it is to follow the mood because it swings so massively from week to week. How much has the move that we've seen in yields underpinned your conviction that you can lean into the rally heading into your end. It certainly has helped. We've seen it play out in the valuation and now valuations are back to about eighteen and a half time's earnings. The question is is that the right valuation even given where yields are at four and a half percent, where that equity risk premium is The challenge with valuations though, is they are terrible timing tools and that they have no predictive power on a one year forward basis. So we can look at the market and say, hey, it's expensive here, expensive there, but that may not actually show up in price action for two, three, four years. And that's where that discipline of not chasing very high valuations comes in. When you have a longer holding period, you go breaking news TK on donuts? Is that where you want to go? DONI plural don't I? Yeah? Yeah, longer going far away the way a prime broker attracted a hedge fund. We can get you shares of krispy Kreme short. There's a in the East Coast, particularly in the krispy Kreme's more southern thing, and they're a different don I than what you get from Dunkin Donuts, which is, you know, there's cultures here. John, It's like it's like Greg's, but it's like American. Okay, all of a sudden, krispy Kreme nice video on radio. You are missing the making of the Magnificent. And the answer here is krispy Kreme is looking for a partnership with McDonald's. John Tower out with this and it's a mixed story of Ibada out there. But John Tower, a city group says first bite on d n ut. It's a McDonald's partnership that we may see. Do you know what you don't know? And I know this story already because Bramo shared it with me before Bramo breaking into the news industry and Fargo years and years ago for the first Crispy Kreme shop tre Tree story, true story. I covered it and people lined up. They camped out overnight to get the first Krispy krama. I went to interview that. You can't imagine that Bramo was what Bradma was like in local news, right, just get into a fluff. It was like, it's an investive piece. What are they doing with that? Money? Is unreal? Bramo and Farco, Yeah, I'm enough of a dunkin donut, which Krispy Kreme is just two sugary and sweet. Like camera doesn't help us out here, Krispy Kreamer duncan, he's never had a donut. There is nothing better than a hot, fresh Krispy Kreme donut straight from the friar. Nothing better, all right? The scripting at me in the control room shot there. Please let's make sure we're running at nine o'clock today. Look for Cameron Dawson had Krispy Creekdnie. What you need to know is it's April of twenty eleven. There was a show then Game of Thrones Winter Is Coming was the first episode. And that's where we are right now. With the screaming success in days of Blue Eye Samurai on Netflix. I'm watching it. I can't say enough about the shocking beauty of it. It is overwhelming, how it is game changing for streaming. Keitha Raganathan knows this. She's US media analyst at Bloomberg Intelligence. And I would suggest Disney knows this as well. Githa boyd A's Disney need a Blue Eye Samurai. They certainly do. And that's one thing Tom that Bob Iger really emphasized yesterday. He said he is looking to reinvent the studio. Those are the words he used, and he really emphasized quality over quantity. So you spoke about how spectacular Blue Eyed summariz that's exactly what Disney is going to go after. You know, they talked about, you know, the studio having some kind of franchise fatigue. Too many TV series created for the streaming service. They're really kind of streaming down or cutting down, I would say, pairing down on a lot of the content costs. You know, Lisa was talking about where those savings are going to come from, a lot of that is them just really cutting down on content costs. So they took down content costs from thirty billion to twenty seven billion. For fiscal twenty twenty three, they're taking that down further to twenty five billion, and that is where you get that big, big free cash flow number for them as well. Eight billion dollars is what they're projecting for twenty twenty four, or sixty percent increase from this year. Now I get it, it's anime, it's animation, but the basic idea is blue Eyed Samurai is is non diversity as we could get in twenty twenty three. Is Disney moving on from the tone and temperament of the last three or four years. Is Eiger going back to something or new to something different? I think it's a it's a combination of everything, a tom because you know, he needs to go back to the drawing board. He knows that there hasn't really been a new Star Wars or a lucasfilm movie since twenty nineteen. Obviously, the Marvels is in its next kind of iteration, if you will. So there's a lot of things that he needs to do. But the biggest thing I think for them for the Disney studio, and this has kind of been a little bit shocking. And you bring up animation, and that's a really good point because a lot of their recent animated movies have actually not performed as well as you know, some of us would have expected. And the Pixar has kind of been, you know, has had kind of this string of misfires, if you will. And the studio that is really kind of giving them a run for the money is Universal with Illumination. We had, you know, you have Super Mario, you had Minions, all of these animated movies from Universal doing really really well. So Disney obviously going back to the drawing board and kind of doing a lot of rethinking and as Bob Iger said, reinventing the whole franchise. If Bob Biker was the movie is this nightmare the same quote, that's that's a great knocking well. I mean, he tried his best. And if there is you know, any person for the job, any person who can actually fix and rebuild Disney. I think it definitely is Bob Biger and he, you know, kind of delivered signature Bob Biger kind of news yesterday. You know, lots of good news, lots of nuggets of you know, lots of nuggets of good good, you know, optimistic news for investors to kind of hang on to. Obviously, there is a lot of work that remains to be done, but we do know that there are some real growth drivers for Disney. Whether it's the parks business that is seventy percent of Disney's operating income, you know, throwing out about ten billion dollars in operating profits and cash flow. So that definitely is is a huge growth pillar for the company. And then of course it is streaming and how they're kind of going to manage that whole business. You know, we know that they're in the process of consolidating Hulu. You know, the big question is how they're going to manage the esp and transition. And you know, whether that then that Disney bundle, the streaming bundle, really becomes the competitor, a true competitor to Netflix. Is rebuilding a euphemism for shutting it down in terms of streamlining certain businesses and getting off selling the rest of it. Yeah, so he seemed to actually walk back a little bit of you know, the linear TV commentary. I know we've talked a lot about ABC and some of the other networks kind of being up for sale, but he also did say that there is a huge cost opportunity when it comes to you know, those linear networks, and so they've actually, you know, the Charter deal that they recently inked was was kind of a catalyst for them kind of you know, shutting down a lot of you know, the smaller networks networks that they are that they don't consider core, and I think that's what they're going to do. They are definitely going to streamline the business. You're absolutely right, Lisa. I'm not sure when or how the sale is necessarily going to happen, but he did Eigers seem to suggest that even if a sale doesn't happen right away, there are a lot of synergies and there are a lot of cost efficiencies that they can hopefully extract over the next few months. Okay, so this one's a tough one to answer, but explore the question with us if you can. Tom mentioned who's buying. If they're selling, who's buying Where did the buyers come from? So it could be private equity. I mean we know that there have there has been interest from certain parties Byron Island, but Byron Allen was one who kind of made a bid for for you know, the ABC and some of the networks. You know, again, private equity would always is interested in, you know, the TV assets because they do. Yes, it is an industry that is in secular decline, but at the end of the day, it does throughout a lot of cash and that is valuable. So yeah, again it's a little bit of a wait and watch. I mean there have been there has been some chatter about whether the leagues would be interested in kind of going and getting a broadcast asset. I mean broadcast assets like ABC don't come up for sale very often, so you know, maybe it is something that that the league and a leak can potentially consider for reach interesting. Gaitha, appreciate the update. You'll valuable. We appreciate your time. Geithor Reconnaz and the have Bloomberg Intelligence. Ellen Wall joining us now Senior Fellow at the Atlantic Council and author of Saudi Inc. Ellen to that point, Saudi's energy minister came out and said, it has nothing to do with demand, This is just price manipulation. Demand is still very strong. What did you make of that? Well, I think that he always has a bone to pick with the as he called him, the speculators, So I'm not surprised to see him talking about how, you know, this is all a financial thing and it's all due to speculators and it's not a you know, supply demand issue. But I think, you know, obviously there's always you know, speculation in the market, and we did see a whole lot of fund managers dumping oil off the futures this past week, so I'm sure he's focused on that. But the fact remains that the market is reacting to what it thinks is lower demand from China, and whether or not that's actually true, I think remains to be seen. It's always difficult to gauge what exactly is going on in China. What the market's reacting to was news that refining margins are soft, and you know, Chinese refineries aren't making as much, and so you know they're interpreting that as weak demand. Now, how does that translate into whether China reduces its imports, and there was some indication that they are going to be reducing oil imports. In fact, one of the interesting things that we've seen is that Iranian oil exports in September and October have been lower than they were in August. They hit a big high in August, but now we're seeing declines and there's some speculation that may be due to the sanctions enforcement, but it's much more likely due to declining demand from China. And we've got Saudi y A holding a million barrels a day off the market. I do think Saudi Arabia is in the best position to be able to gauge Chinese demand, and it may be that this Chinese demand is looking a bit soft now. But you know, Abdozi's been someone is looking at the longer picture and the longer game, and he sees that that is strong well. And with great respect to your book, which is definitive, we can take these tensions at least back to the Saudi Yemeni War of nineteen thirty four. The Ibn Saud family has dealt with this for pushing one hundred years the distance to the south. Give us the modern treatment of how Riodd and Jiada look at Yemen today. Yemen is basically a thorn in their side right now. They don't like the Houthies, any group like the Houthies has Bulah Hamas. All of those groups, while well, you might think that ideologically there are similarities and matchups there, they are essentially a threat to the Saudi monarchy. The Saudi monarchy is like, you know, they're they're like the stated old you know, conservative guy who always votes the same way and always says the same thing for breakfast. You know, they're they're the status quo. And any group that's looking to change the status quo, even if there are similarities in terms of say religious extremism or religious ideology, that's seen as a threat. And what's a bit disturbing is that despite prolonged military campaigns by the Saudis and the UAE, they haven't been able to dislodge the Whoi's from Yemen. In fact, if anything, they're more entrenched. And so I do think that given the fact that the who these are at least claiming to be involved in the Israel Hamas conflict, you'll be interesting to see if the Saudis maybe use this as an excuse to really try to get them out of Yemen once and for all, or if they'll be a bit embarrassed by somebody else taking them out. And then the conservative guy, as you call Saudi Arabia their treatment of the shades of Palestine, how do you interpret that, doctor Wald? Now that that is a big question, because what we've got on one hand is King Salmon, who is nominally the king of Saudi Arabia, and he is vehemently I mean vehemently anti Israel pro Palestinian. I mean, this is a guy who thinks that, you know, the Mossad was responsible for nine to eleven and has said so, you know, in public on television. So he is a huge barrier to any kind of reprochement between Saudi Arabia and Israel. That being said, his son, who's really doing most of the ruling, the day to day ruling, seems much more inclined to use rapprochemant with Israel as a way to get what he wants or what he thinks he needs from the United States. And in fact, it seemed like that was about to be a very successful deal before this latest conflict derailed all that, and I don't think that the general battle, you know, the general lines that are drawn here are going to change. But I do think, you know, if if King Solomon wasn't wasn't there, I think we'd see a much faster progression towards Saudi Israeli normalization. I don't think we're going to see quite with the UAE or Jordan has But I do think that that he that that NBS sees it as a beneficial thing or at least a really good UH tool to get other things that he needs, like support for obtaining nuclear power and military pact with the United States. Just real quick here, how does Saudi Arabia view the production in the US. It's gotten to a record level and made all of these concerns about demand. I think that they they have kind of come to terms with the fact that the US is going to produce, with the US is going to produce, and there really isn't much they can do about it. I think they were probably pretty pleased to see that there's more consolidation in the oil industry. I think that they see that as good for production and for companies who are looking at the signs of supply and demand and aren't just pumping, pumping, pumping just to stay ahead the way that we saw in twenty fifteen, twenty sixteen, and so I think that they see this as you know, this is where it is right now, and it's not always necessarily going to be this high. Ell in a wonderful brief, particularly those comments on Yemen. Thank you so much, Ellen Wald. Atlanta Council can't say enough about Saudi inc. It is absolutely definitive. Subscribe to the Bloomberg Surveillance podcast on Apple, Spotify and anywhere else you get your podcasts. Listen live every weekday starting at seven am Eastern Bloomberg dot Com, the iHeartRadio app tune In, and the Blue Bomberg Business app. You can watch us live on Bloomberg Television and always. I'm the Bloomberg Terminal. Thanks for listening. I'm Tom Keen, and this is BloombergSee omnystudio.com/listener for privacy information.

Ron Dermer, Israel Minister of Strategic Affairs, says Israel has a clear goal to cripple the capabilities of Hamas. Ellen Wald, Atlantic Council Senior Fellow & Author of "Saudi Inc.", discusses oil surging after Hamas' attack on Israel. Steve Chiavarone, Federated Hermes Head of Multi-Asset Solutions, says if you start to see any terrorist activity in non-Middle Eastern countries, that is something that could shake confidence in the world. Norman Roule, Center for Strategic & International Studies Senior Adviser for the Transnational Threats Project, says Iran was unlikely to have played a "robust, active role in planning attacks" on Israel but they do enable proxiesGet the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance  See omnystudio.com/listener for privacy information.

Bloomberg News International Economics & Policy Correspondent Michael McKee and Ellen Wald, President of Transversal Consulting, discuss the impact oil is having on US inflation. Bloomberg News Senior Management and Workplace Reporter Matthew Boyle provides the details of his Businessweek Magazine story MBAs Are Spurning McKinsey and Goldman to Buy Small Companies. Sumant Sinha, CEO at ReNew, talks about renewable energy investing and transition. And we Drive to the Close with Thomas Martin, Senior Portfolio Manager at Globalt Investments.Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.

Join us on a journey through the intricate labyrinth of oil market dynamics in a post-COVID world, with our guest, the esteemed historian Ellen Wald. With her deep-rooted insights into the history of oil companies' operations in the Middle East, we dissect the current supply and demand scenario, elucidating Saudi Arabia's decision to prolong their voluntary oil production cut. We'll also scrutinize the likelihood of a supply crunch in the coming seasons and the illuminations it may cast on China's recovery.We take a turn into the realm of critical minerals, rare earths, and turbids, with China's dominance over their supply chain as our central plot. Uncover the layers of environmental and human rights violations linked to mining these minerals as we explore alternative sources and potential partnerships that may tilt the balance in favor of American interests. Be prepared for a revelation on South America's vast lithium and cobalt resources and the urgent need for stronger alliances in our neighborhood. Ending our discourse on a note of introspection, we scrutinize the impact of American policies on the supply of critical minerals and oil. The implications of tax incentives for buying cars powered by rare earths and other materials unavailable in the US come under our lens. As we consider the possible repercussions of an electric vehicle world heavily reliant on Chinese imports for rare earths, we look at how supply chain disruptions can have far-reaching impacts on everyday citizens. It's an eye-opening exploration that you can't afford to miss.ANTICIPATE STOCK MARKET CRASHES, CORRECTIONS, AND BEAR MARKETS WITH AWARD WINNING RESEARCH. Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off.Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.The Canadian Money RoadmapDiscover strategies to save, invest, and grow your money effectively.Listen on: Apple Podcasts SpotifyFoodies unite…with HowUdish!It's social media with a secret sauce: FOOD! The world's first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today:

The International Risk Podcast is a weekly podcast for senior executives, board members and risk advisors. In these podcasts, we speak with risk management specialists from around the world. Our host is Dominic Bowen, originally from Australia, is one of Europe's leading international risk specialists. Having spent the last 20 years successfully establishing large and complex operations in the world's highest risk areas and conflict zones, Dominic now joins you to speak with exciting guests from around the world to discuss risk.The International Risk Podcast – Reducing risk by increasing knowledgeFollow us on Facebook, Twitter, Instagram, and LinkedIn for all our great updates.In today's episode we are joined by Dr. Ellen Wald , who is the President of Transversal Consulting and author of Saudi, Inc.: The Arabian Kingdom's Pursuit of Profit and Power. She is also sits a Senior Fellow at the Atlantic Council's Global Energy Center and a Fellow at the Canadian Global Affairs Institute. Ellen frequently provides analysis for Bloomberg, The New York Times, The Washington Post, Barron's, and history and policy journals. In this episode, Ellen will discuss the international risks associated with OPEC nations and renewable energy. Dr. Wald dives in-depth on her work in Saudi Arabia and her research on the nation's history and influence in the exporting of energy sources.Read more about Ellen's book Saudi, Inc. here and her weekly column on geopolitics and the energy market here.Produced by Hannah Smith.

Ed Hyman, Evercore ISI Chairman & Head of Macro Economic Research, sees the Fed hiking one more time then they will be done. Thomas Tzitzouris, Strategas Head of Fixed Income Research, believes inflation expectations are bottoming for this cycle. David Lebovitz, JPMorgan Asset Management Global Market Strategist, warns against chasing the rally. Ellen Wald, Atlantic Council Senior Fellow, isn't surprised by Saudi Arabia's search for "global prestige" in the sports world, as they are "not really getting it from oil anymore." Helane Becker, TD Cowen Senior Research Analyst, discusses the airline industry following the influx of travel on July 4th. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Bloomberg News Senior Wealth Reporter Heather Perlberg talks about how a $1.5 trillion program for home buyers is propping up banks. Chris Miller, Associate Professor at Tufts University and author of Chip War: The Fight for the World's Most Critical Technology, shares his insight on the latest news from the volatile semiconductor industry. Dr. Ellen Wald, President of Transversal Consulting, discusses Saudi Arabia's pledge to shave an extra 1 million barrels-a-day from its production in July. And we Drive to the Close with Lisa Erickson, Head of Public Markets Group at U.S. Bank Wealth Management. Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.See omnystudio.com/listener for privacy information.

Oil prices are rising as Saudi Arabia pledged more voluntary production cuts. OPEC+ extends the deal until 2024. Ellen Wald says that it seems like the unilateral 1M barrel per day cut came will provide baseline quotes that will take effect in 2024. Is the market ignoring this information? Wald states that this price bump is not likely to last very long and that gasoline prices may rise temporarily for Americans. Are new baseline quotas a positive for the market as they could alleviate volatility and bring transparency?

Anthony Capuano, Marriott International President & CEO, doesn't see the end of "YOLO" traveling happening anytime soon. Michael Gapen, BofA Securities US Economist, says good news is back to being bad news. Ellen Wald, Atlantic Council Sr. Fellow, discusses Saudi Arabia pledging to cut a million barrels a day in July. Ed Mills, Raymond James Washington Policy Analyst, says the 2024 elections will be a wildcard for markets.Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Discover how America's enemies and allies may be plotting to end the Petrodollar. Ellen Wald joins Mike to discuss how the U.S. economy could be impacted by a weakened, or extinct, Petrodollar. SHOW NOTES: 1:06: How Did The Petrodollar Get Started? 2:50: Is The Petrodollar Currently Being Challenged? 9:48: Why Is Aramco Trading Oil In Chinese Yuan? 13:55: How Does The Petrodollar Give The U.S. Power? 15:55: How Would The End Of The Petrodollar Impact The U.S. Economy? 18:38: How Does The Ukraine War Put The Petrodollar At Risk? 22:32: Why Do Americans Keep Rejecting Biden's EV Subsidies? 25:46: Why Won't Biden Embrace Nuclear Energy?

Lindsay Rosner, PGIM Fixed Income Portfolio Manager, says she'd like to see the Fed pause. Christian Mueller-Glissmann, Goldman Sachs Managing Director for Portfolio Strategy, says the Fed and ECB are not done yet with their hiking cycles. Dean Maki, Point 72 Chief US Economist, says recent data doesn't show much slowing in the US. Ellen Wald, Atlantic Council Senior Fellow & Author "Saudi Inc.", says she is concerned with oil demand. Dan Greenhaus, Solus Alternative Asset Management Chief Strategist, says the Fed shouldn't raise rates Wednesday.  See omnystudio.com/listener for privacy information.

Christian Horner, Red Bull Racing F1 Team Principal, discusses Formula One's growth in the US and Red Bull's win at the opening race in Bahrain. Jim Bianco, Bianco Research President, says the China reopening trade may be "overdone." David Lebovitz, JPMorgan Asset Management Global Market Strategist, says any possible US downturn won't be as severe as the recession of 2008. Ellen Wald, Atlantic Council Senior Fellow and "Saudi Inc." Author, says we're headed towards a period of tightness in the oil market.See omnystudio.com/listener for privacy information.

On this episode of the Energy Security Cubed Podcast, Kelly Ogle and Joe Calnan discuss global events in energy security, including the upcoming restrictions on Russian oil product exports, German Chancellor Olaf Scholz's visit to South America, and possible Chinese restrictions on solar power technology transfer. For the interview section of the podcast, Kelly talks with Ellen Wald about recent changes to American oil policies, and how this affects U.S. national interest. Guest Bio: - Ellen Wald is a CGAI Fellow, the President of Transversal Consulting, and Co-Founder of Washington Ivy Advisors. Host Bio: - Kelly Ogle is the CEO of the Canadian Global Affairs Institute Reading recommendations: Gaslighted: How the Oil and Gas Industry Shortchanges Women Scientists, by Christing L. Williams: https://www.amazon.ca/Gaslighted-Industry-Shortchanges-Women-Scientists/dp/0520385276 Oil, the State, and War: The Foreign Policies of Petrostates, by Emma Ashford: https://www.amazon.com/Oil-State-War-Policies-Petrostates-ebook/dp/B09RQ76RF5 Interview recording Date: January 25, 2022. Energy Security Cubed is part of the CGAI Podcast Network. Follow the Canadian Global Affairs Institute on Facebook, Twitter (@CAGlobalAffairs), or on LinkedIn. Head over to our website at www.cgai.ca for more commentary. Produced by Joe Calnan. Music credits to Drew Phillips.

David Bailin, Citi Global Wealth Chief Investment Officer & Global Head of Investments, says 2023 will be a tale of two halves. Kathy Bostjancic, Nationwide Chief Economist, says we're not seeing a lot of loosening in the labor market. Dan Ives, Wedbush Senior Equity Analyst, discusses Tesla delaying new hires in Shanghai. Ellen Wald, Atlantic Council Senior Fellow & 'SAUDI INC: The Arabian Kingdom's Pursuit if Profit & Power' Author, discusses China's Xi Jinping's visit to Saudi Arabia.See omnystudio.com/listener for privacy information.

Policy and culture in the US have aligned to paint Big Oil as the bad guy, and its time the industry started fighting back, according to Ellen Wald and Jacqueline Plunkett, who launched Washington Ivy Advisors to advocate for the necessity of legacy energy. Wald, who serves as chief industry officer at the firm, and Plunkett, the firm's chief strategy officer, want to put an end to the combative rhetoric that pits fossil fuels against renewables so the resources can work hand in hand, with fossil fuel investment spurring on clean energy investment. They joined the podcast to explain the social equity need for legacy fuels and how the anti-fossil fuel cultural barrage could be doing more harm than good to the energy transition movement. They also shared how leveraging new techniques that combine energy expertise, digital marketing and brand management could help the oil and gas sector change the narrative to showcase the industry's value to a reliable energy ecosystem and role as a force for good in the world. Stick around after the interview for Chris Van Moessner with the Market Minute, a look at near-term oil market drivers.

Brian Weinstein, Morgan Stanley Investment Management Head of Global Fixed Income, says that, from an investment perspective, the protests in China are just another part of the broader story of economic turmoil. Lara Rhame, FS Investments Chief US Economist, says the bond market is pricing in a recession. Ellen Wald, Atlantic Council Senior Fellow, says the future of oil in the US is very hazy. Dan Ives, Wedbush Securities Senior Equity Analyst, says Apple is at the mercy of China's Covid Zero policy.See omnystudio.com/listener for privacy information.

Gasoline prices are declining, and oil prices are still very volatile and likely will be to the end of the year and into 2023, says Ellen Wald. She and Stewart Glickman discuss oil and the energy sector. Stewart notes that dropping prices are likely due to demand-side concerns. They then talk about the catalysts for the volatility in crude oil (/CL). They also talk about energy stocks to keep on your radar. Tune in to find out more about the stock market today.

Craig Rucker, co-founder and President of CFACT joins Jacki to give a debrief of the action at COP27, the latest U.N. climate conference (Sharm-al-Sheik, Egypt…which some have dubbed “Sharm-al-Shakedown”). CFACT has attended 24 of 27 international climate conferences and Rucker tells of witnessing a distinct metamorphosis from what was once an activist-driven science conference to what he says is a corporate laden, dollar-chasing extravaganza. Sideshows include activists' attempt at re-enacting Moses' historic event on Mt. Sinai, but in this case breaking stone tablets, and announcing a new “10 Principles” of environmental mandates for the world's religious community. - - - - - Then, Dr. Ellen Wald, author of Saudi, Inc., joins Jacki to celebrate the launch of her new energy advocacy advisory firm, Washington Ivy Advisors. The mission is to teach oil and gas producers to stand up for themselves and tell the lifesaving, war-preventing news about robust oil and gas production. 

Ellen Wald, President of Transversal Consulting, discusses President Biden saying more oil releases are possible to lower gas prices. She spoke with hosts Doug Krizner and Rishaad Salamat on "Bloomberg Daybreak Asia."See omnystudio.com/listener for privacy information.

Everything we are being told about energy is wrong.Check The Lead-Lag Report on your favorite social networks.Twitter: https://twitter.com/leadlagreportYouTube: https://www.youtube.com/c/theleadlagreportFacebook: https://www.facebook.com/leadlagreportInstagram: https://instagram.com/leadlagreport                 Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off.                 Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.                 The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.See disclosures for The Lead-Lag Report here: The Lead-Lag Report (leadlagreport.com)Intelligent Investing with Glenn LeestThis podcast covers all topics related to Investing with Glenn LeestListen on: Apple Podcasts Spotify My MoneyPlanning for your financial future isn't easy – You deserve a community that supports...Listen on: Apple Podcasts Spotify Should You Take That Case?The goal of our show is to be a resource for legal professionals who pursue medical...Listen on: Apple Podcasts

 Andrew Slimmon, Morgan Stanley Investment Management Senior Portfolio Manager, expects the near term to be negative for markets. Francesco Bianchi, Johns Hopkins Economist, says the Fed needs cooperation from the fiscal authorities to help bring inflation down. Ellen Wald, Atlantic Council Senior Fellow, says banning American exports of energy products would be damaging to the overall market. Sen. Patrick Leahy, (D) Vermont, says he will fully support President Biden if he runs again in 2024. See omnystudio.com/listener for privacy information.

Ellen Wald, President of Transversal Consulting, discusses the Saudi Prince's comments. She spoke with hosts Bryan Curtis and Paul Allen on Bloomberg Radio.See omnystudio.com/listener for privacy information.

Lisa Hornby, Schroders Head of US Multi-Sector Fixed Income, says there is actually income in fixed income for the first time in a long time. Kit Juckes, Societe General Chief FX Strategist, says there is a disconnect between the markets and the Fed's message. Bill Lee, Milken Institute Chief Economist, says it will be hard to find hard intelligence about China outside of private sources. Ellen Wald, Atlantic Council Senior Fellow, says higher oil is the new normal. See omnystudio.com/listener for privacy information.

US President Joe Biden just wrapped up a trip to the Middle East with a closely watched visit to Saudi Arabia. His national security director signaled that the success of his oil diplomacy will be judged in the coming weeks, not immediately. So will OPEC+ agree to increase production at its Aug. 3 meeting to help ease global prices? Ellen Wald, president of Transversal Consulting and senior nonresident fellow at the Atlantic Council's Global Energy Center, spoke with senior editor Meghan Gordon about the debate around Saudi Arabia's spare oil capacity, US-Saudi relations, and how Russia likely loomed over the talks. Stick around after the interview for Jordan Blum with the Market Minute, a look at near-term oil market drivers.

Jordan Rochester, Nomura G-10 Currency Strategist, says the euro may tumble to 90 cents in the coming months. Kathy Jones, Charles Schwab Chief Fixed Income Strategist, says the move to duration has come. Anna Han, Wells Fargo Securities Equity Strategist, expects volatility to persist until the Fed eases. Ellen Wald, The Atlantic Council Senior Fellow, says Russia is holding the cards for oil. See omnystudio.com/listener for privacy information.

 Michael Darda, MKM Holdings Chief Economist & Market Strategist, says it is wrong to assume that inflation problems would go away with with lower crude prices. David Herro, Harris Associates Chief Investment Officer for International Equities & Portfolio Manager, says Credit Suisse should be given a chance to turn things around. Jonathan Golub, Credit Suisse Securities Chief US Equity Strategist, says the level of concern in the market is much higher than the underlying backdrop. Ellen Wald, Atlantic Council Senior Fellow, says we've got a recipe for oil prices to keep rising.  See omnystudio.com/listener for privacy information.

Dr. Ellen Wald, President of Transversal Consulting and Senior Fellow at the Atlantic Council, gives her outlook on the energy sector. Johnson Controls CEO and Chairman George Oliver discusses the critical role buildings play in addressing climate change. Garvin Jabusch, Co-Founder and CIO at Green Alpha Advisors, talks ESG investing. And we Drive to the Close with Liz Young, Head of Investment Strategy at SoFi. Hosted by Carol Massar and Tim Stenovec. Produced by Paul Brennan. See omnystudio.com/listener for privacy information.

Brian Deese, US National Economic Council Director, says US economic strengths can help bring prices down. Peter Oppenheimer, Goldman Sachs Chief Global Equity Strategist, says margins are more of a problem than growth. James Stavridis, Former Supreme Allied Commander at NATO and Author, "To Risk It All: Nine Conflicts & The Crucible of Decision," says opening the seas to Ukraine will be the next big move in the war. Leland Miller, China Beige Book International CEO, says the economic conditions in China are the worst they've been in years. Ellen Wald, Atlantic Council Senior Fellow, says the US needs more consistency in its energy regulation.  See omnystudio.com/listener for privacy information.

As today is Memorial Day, this episode is made up of conversations we've had on AOA over the past few weeks. Peter Orwick, Executive Director of the American Sheep Industry Association provided an update on his industry; In segment 2, we heard Dr. Ellen Wald's comments on the state of diesel supplies across the country; Senator Charles Grassley spoke with Mike on May 19th, and that conversation is in segmen 3 of today's show and we ended with Kam Quarles of the National Potato Council. We hope all of you had a great weekend; and today we remember the men and women who have made the ultimate sacrifice to keep us free. AOA returns live on Tuesday!    

Friday's AOA began with Garrett Toay of Ag Trader Talk reviewing the selloff in all three classes of wheat and a look ahead to the Cattle on Feed report later today. Dr. Ellen Wald, head of Transversal Consulting and noted international energy expert, joined the show next to break down the troubles in the diesel market - and it's not good news. In segment 3, Becky Rasdall of IDFA looked at the details of the ongoing dairy trade dispute with our neighbors in Canada. And the show ended with Chris Edgington, President of the National Corn Growers Association, reviewing the nomination of Alexis Taylor as Undersecretary of Trade at USDA and planting progress in his North Iowa neighborhood.

 Philip Lane, European Central Bank Chief Economist, says the key question facing the ECB isn't whether it should raise interest rates from record lows, but how quickly it should do so. Tom Porcelli, RBC Capital Markets Chief U.S. Economist, weighs in on the debate about how much scope the Federal Reserve has to tighten policy before the economy cracks. Ellen Wald, Atlantic Council Senior Fellow, discusses the latest developments in the global energy markets. Brent Thill, Jefferies Equity Research Analyst, says no one wants to buy anything in tech.  See omnystudio.com/listener for privacy information.

On this edition of The Other Side of Midnight: Frank Morano always remembers where he came from. Frank is joined by Scott Ritter,  a former U.S. Marine Corps intelligence officer and UN weapons inspector in Iraq. He's also the author of the book “SCORPION KING: America's Suicidal Embrace of Nuclear Weapons from FDR to Trump” on the latest on Russia-Ukraine war; social media censorship. We hear from Dr. Ellen Wald, senior fellow at the Atlantic Council's Global Energy Center as well as the president of Transversal Consulting, a global energy and geopolitics consultancy on Gas prices in America and around the world. Plus, your letters, musings- even a play- from our mailbag! Learn more about your ad choices. Visit megaphone.fm/adchoices

Frank is joined by Dr. Ellen Wald, senior fellow at the Atlantic Council's Global Energy Center as well as the president of Transversal Consulting, a global energy and geopolitics consultancy on Gas prices in America and around the world. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stephen Sestanovich, Columbia University Professor of International Diplomacy and CFR Senior Fellow, says Russia's political future today is more uncertain than it has been in years. Kathy Bostjancic, Oxford Economics Chief U.S. Financial Economist, says a recession in the U.S. doesn't look likely. Ellen Wald, Atlantic Council Senior Fellow, says we haven't seen the last of high oil prices. Leland Miller, China Beige Book International Co-Founder CEO, says it's unrealistic to think China will violate sanctions or supply weapons to Russia. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Mike started Friday's episode by talking with Dr. Ellen Wald, energy economist with Transversal Consulting about gyrations in the price of crude oil and natural gas, then Kam Quarles, CEO of the National Potato Council provided an update from their Washington meeting and challenges created by Mexico that could stall the import of fresh potatoes. In the 3rd segment, Rob Brenneman, NPPC board member and Iowa pork producer, raised the issue of activist investors pushing companies to eliminate gestation stalls; and finally, Nicole Berg, VP of the National Assocication of Wheat Growers discussed the policies they'd like to see included in the 2023 Farm Bill

Retired Major General Mastin Robeson, Geopolitical Intelligence Advisor at Academy Securities and Peter Thcir, Head of Macro Strategy at Academy Securities, discuss the economic and geopolitical implications of the Russian invasion of Ukraine. Bloomberg News Foreign Policy Reporter Nick Wadhams shares his Big Take story Biden's Inner Circle Feared Sanctions Wouldn't Stop Putin. Ellen Wald, President of Transversal Consulting, talks about the impact of the war in Ukraine on oil and energy markets. And we Drive to the Close with Yacov Arnopolin, VP and Portfolio Manager at Pimco. Hosts: Carol Massar and Paul Sweeney. Producer: Paul Brennan. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Buy Jeremy's book - https://amzn.to/3Hfa6FMEpisode 23 with Dr. Ellen Wald - https://podcasts.apple.com/us/podcast/inside-the-war-room/id1566250068?i=1000526750897Follow Ryan on Twitter - https://twitter.com/ryanraysr

Global oil markets are starting 2022 with a number of factors that could make for another volatile year. OPEC is continuing its monthly supply increases but taking a cautious approach so far given uncertain demand. A return of Iran barrels is not a sure thing as the nuclear talks stretch into a second year. The US tapped the Strategic Petroleum Reserve in a big way at the end of last year, but that did little to soften prices. Russia-Ukraine tensions are at the forefront geopolitically, and they have potential to exacerbate European and global energy prices. We asked several oil market experts to weigh in on the same question: Will OPEC allow oil prices to reach $100/b in 2022? We heard from: • Helima Croft, head of global commodity strategy at RBC Capital Markets (1:32) • Bob McNally, president of Rapidan Energy Group (3:57) • Rachel Ziemba of Ziemba Insights (6:54) • Dan Pickering of Pickering Energy Partners (7:52) • Jacques Rousseau, managing director of ClearView Energy Partners (9:43) • Ellen Wald, president of Transversal Consulting (10:44) • Nareeka Ahir, geopolitical analyst for S&P Global Platts Analytics (13:18) Stick around for Starr Spencer with the Market Minute on how US producers are looking at the year ahead.

Dr. Dave Wessner, Professor of Biology at Davidson College, shares his thoughts on surging virus cases in Europe and the threat of a similar situation in the U.S. Ellen Wald, President of Transversal Consulting, discusses President Biden releasing 50 million barrels of oil from the Strategic Petroleum Reserve. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Technology Reporter Austin Carr break down Austin's Businessweek story Wildfires Are Getting Worse. One Company Has All the Chemicals. Bloomberg Intelligence Senior Analyst Poonam Goyal explains seeing a robust holiday for retail even with supply chain woes. And We Drive to the Close with Megan Horneman, Director of Portfolio Strategy at Verdence Capital Advisors. Hosts: Carol Massar and Ed Ludlow. Producer: Paul Brennan. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

EIA Petroleum Status Report indicated 1.001M for Crude Oil and -1.555M for gasoline. Ellen Wald and Rohan Reddy discuss the outlook for the energy sector, as well as indicators from the OPEC+. Will oil prices remain at the current levels or is there a chance that they will increase to $100 per barrel? What should investors expect moving forward? Tune in for the full conversation.

What has led to the recent spike in energy prices? Oil hits $80 a barrel for the first time since 2014. Energy stocks on the move include Exxon Mobil (XOM), Chevron (CVX), Kinder Morgan (KMI), EOG Resources (EOG), and ConocoPhillips (COP). Ellen Wald weighs in on the expectations for OPEC+, in addition to the supply and demand outlook for oil. Tune in for the full interview.

Out from behind the paywall. This episode was recorded on Jul 1, 2020.For more, please visit ryanswarroom.comGet a copy of Ellen's book - https://amzn.to/3h5JoEH