Podcasts about financial markets

Why do gold and silver coins often cost more than the spot price, and why do those premiums seem to disappear when you try to sell? On this episode, Mark Thornton dives into the misunderstood world of precious metal premiums. Mark explains how market forces—not shady schemes—drive the spread between retail and wholesale prices, and why that spread has shifted dramatically in recent years. From minting costs to shifting demand between retail buyers and institutional giants, Mark unpacks what's really behind those price tags, and why your shiny coins might be worth less than you think, even as spot prices rise.Register for the 2025 Mises Institute Supporters Summit in Delray Beach, Florida, October 16–18: https://mises.org/ss25Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Continuing the summer series, The Bid brings back some of the best episodes from the last year. Stevie's pick is a deep dive into the technology and AI investing trends coming out of Silicon Valley featuring Tony Kim, BlackRock portfolio manager and technology investing expert.AI is experiencing a transformative moment, powering the phenomenal run in public markets, but the investment opportunities certainly transcend that small group of names. So where are the most compelling opportunities and how can AI investment not only build wealth, but contribute to a more efficient future?Tony Kim, portfolio manager from BlackRock's Fundamental Equities team, joins Oscar to explore the evolving conversation around technology and AI investing among industry leaders, rebut AI skepticism and examine the investment potential of quantum computing.Sources: Google Investor call, July 2024 per Sundar Pichai.Original episode aired September 13th 2024Key moments in this episode:00:00 Introduction to The Bid's summer series Part Two and Stevie's Favourite Episode: Tech and AI Investing Trends02:15 Tony Kim on the Evolution of AI in Tech03:50 AI's Impact on Various Industries05:16 Investment Opportunities in AI08:07 The Future of AI and Quantum Computing21:20 Historical Perspectives and Future Insights22:44 Conclusion and Upcoming Episodes

US equity futures are softer. Asia ended broadly lower, and Europe opened weaker. The market focus is on trade as the White House released tariff rates ahead of the August 1st deadline, with baseline reciprocal tariffs set at 10% and higher levels applied to countries without agreements. Trump granted Mexico a 90-day extension tied to border policy, raised Canada's fentanyl tariffs to 35%, and confirmed letters are being sent to pharma companies demanding pricing changes within 60 days. Attention also remains on the Fed following Powell's hawkish tone, with markets looking ahead to Friday's payrolls as the next key input for rate policy.Companies Mentioned: Salesforce, ServiceNow, Intel, Ericsson, Starbucks

David takes a look at certain efforts to undermine the spirit of the law, whether or not the letter of the law is followed, and what it means for our financial markets. This is a golden issue for Capital Record, an optimal application of where freedom and virtue must be juxtaposed. 

US equity futures are firmer with S&P up ~1%. Asia was mixed and European markets opened higher. The market focus remained on post-FOMC reactions and trade actions. Powell reiterated data-dependent stance on rate path in months ahead. Trump announced a South Korea trade deal with a 15% tariff that will also apply to autos and new investment commitments of $350B in US LNG, while threatening a 25% tariff on India. Trump also watered down 50% Brazil tariffs. Economic data showed Q2 GDP growth and ADP payrolls both beating forecasts, while core PCE inflation accelerated. China PMIs showed unexpected further deterioration in manufacturing and services, reinforcing concerns over domestic demand.Companies Mentioned: AbbVie, Atai Life Sciences, JD.com, CECONOMY, CSX Corp

S&P futures are pointing to a flat open today, up +0.1%. Asian markets traded mixed on Wednesday. The Nikkei closed flat, while the Hang Seng fell (1.4%), weighed down by weakness in tech and property stocks. European markets are marginally higher in early trades. The U.S. and China concluded two days of trade talks in Stockholm without significant breakthroughs but described the discussions as constructive. Key issues included U.S. concerns over China's purchases of sanctioned Iranian and Russian crude, industrial overcapacity, and rare earths trade, while China raised concerns over fentanyl tariffs and export controls. No commitments were made on structural reforms or rebalancing China's economy. Companies Mentioned: Anthropic, Kraken, Intercontinental Exchange

Swiss lender UBS posts a Q2 net profit beat but CEO Sergio Ermotti tells CNBC that tariff ‘fatigue' is beginning to affect client sentiment. Chinese and U.S. negotiators have failed to confirm a trade truce following 2 days of discussions in Stockholm. U.S. Treasury Secretary Scott Bessent speaks to our colleagues Stateside and says that any extended pause will be ultimately decided up on by President Trump. Disappointing revenues of up to a quarter at Gucci drag parent company Kering down in Q2. The French luxury giant warns of a second price adjustment following the U.S- EU trade deal. And Japan, the Pacific coast of the U.S. as well as Guam and Hawaii brace for a tsunami following a massive 8.8 Richter Scale earthquake off the coast of Russia's far East.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

S&P futures are pointing to a higher open today, up +0.2%, as progress of trade negotiations supports sentiment. Asian markets traded mixed today, but European markets are stronger in early trades. The EU-U.S. trade deal has drawn significant criticism despite avoiding worst-case tariffs. Energy experts question the feasibility of the EU's $750B energy purchase commitment, citing cost-focused private-sector priorities. European leaders highlight economic risks, with new 15% tariffs on pharmaceuticals, potentially costing the Eurozone industry $13-19B, and worsening trade deficits in France and Germany. Companies Mentioned: Bristol Myers Squibb, Chart Industries, Norfolk Southern

European leaders vent their frustration at the trade deal secured by U.S. President Donald Trump with the EU as details of the agreement begin to sink in around the bloc. Trump has said he will set tariffs in the 15-20 per cent range ahead of the Friday, 1st August global deadline. Philips hikes its guidance after concluding that Trump's tariffs will affect profits less than previously expected.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Ian Verrender, ABC's Business and Finance Editor, joined Philip Clark on Nightlife to discuss the latest in economic, business and finance news.

Trump threatens tariffs on all trading partners and sanctions on Russia. Higher oil prices benefit energy companies like Santos and Woodside. And tomorrow's Australian inflation data could determine whether the RBA cuts interest rates next month. Guest Kyle Rodda provides analysis on geopolitics, monetary policy, and market reactions.See omnystudio.com/listener for privacy information.

US equity futures are firmer with S&P up 0.3%. European equity markets go up with Asian markets mixed. US 2-year flat to 3.9% and 10-year is off 1bp at 4.4%. Dollar firmer, with biggest move versus Euro and Aussie. Oil up. Gold little changed, industrial metals lower. Trade deal momentum continues after President Trump announced US-EU deal establishing 15% tariff on most EU exports, including autos. Agreement expands list of major US trading partners signing deals over past week, with attention now centering on US-China negotiations as Treasury Secretary Bessent and China Vice Premier He Lifeng meet in Stockholm on Monday. Press reports that two sides are expected to agree to another 90-day tariff deadline extension. Fading prospects of US-India deal by deadline, tough both side sound positive on negotiations. South Korea to resume talks this week.Companies Mentioned: KKR&Co., First National Financial, Union Pacific

Recent U.S. law cements the role of stablecoins as a means of digital payment in the future of finance. Paul Henderson, Senior Portfolio Strategist at the BlackRock Investment Institute, shares what stablecoins are, how they're being regulated and what that could mean for their growth. General disclosure: This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The opinions expressed are as of the date of publication and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves risks. BlackRock does and may seek to do business with companies covered in this podcast. As a result, readers should be aware that the firm may have a conflict of interest that could affect the objectivity of this podcast.In the U.S. and Canada, this material is intended for public distribution.In the UK and Non-European Economic Area (EEA) countries: this is Issued by BlackRock Investment Management (UK) Limited, authorised and regulated by the Financial Conduct Authority. Registered office: 12 Throgmorton Avenue, London, EC2N 2DL. Tel:+ 44 (0)20 7743 3000. Registered in England and Wales No. 02020394. For your protection telephone calls are usually recorded. Please refer to the Financial Conduct Authority website for a list of authorised activities conducted by BlackRock.In the European Economic Area (EEA): this is Issued by BlackRock (Netherlands) B.V. is authorised and regulated by the Netherlands Authority for the Financial Markets. Registered office Amstelplein 1, 1096 HA, Amsterdam, Tel: 020 – 549 5200, Tel: 31-20- 549-5200. Trade Register No. 17068311 For your protection telephone calls are usually recorded.For Investors in Switzerland: This document is marketing material.In South Africa: Please be advised that BlackRock Investment Management (UK) Limited is an authorised Financial Services provider with the South African Financial Services Board, FSP No. 43288.In Singapore, this is issued by BlackRock (Singapore) Limited (Co. registration no. 200010143N). This advertisement or publication has not been reviewed by the Monetary Authority of Singapore. In Hong Kong, this material is issued by BlackRock Asset Management North Asia Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong. In Australia, issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523 (BIMAL). This material provides general information only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should assess whether the material is appropriate for you and obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circumstances. Refer to BIMAL's Financial Services Guide on its website for more information. This material is not a financial product recommendation or an offer or solicitation with respect to the purchase or sale of any financial product in any jurisdictionIn Latin America: this material is for educational purposes only and does not constitute investment advice nor an offer or solicitation to sell or a solicitation of an offer to buy any shares of any Fund (nor shall any such shares be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction. If any funds are mentioned or inferred to in this material, it is possible that some or all of the funds may not have been registered with the securities regulator of Argentina, Brazil, Chile, Colombia, Mexico, Panama, Peru, Uruguay or any other securities regulator in any Latin American country and thus might not be publicly offered within any such country. The securities regulators of such countries have not confirmed the accuracy of any information contained herein. The provision of investment management and investment advisory services is a regulated activity in Mexico thus is subject to strict rules. For more information on the Investment Advisory Services offered by BlackRock Mexico please refer to the Investment Services Guide available at www.blackrock.com/mx©2025 BlackRock, Inc. All Rights Reserved. BLACKROCK is a registered trademark of BlackRock, Inc. All other trademarks are those of their respective owners.BIIM0725U/M-4695703

U.S. President Donald Trump and European Commission President Ursula von Der Leyen announce a deal to avert a full-blown trade war but the EU will still be hit with tariffs of 15 per cent. European futures move higher on the news as investor sentiment stabilises ahead of the tariff deadline this Friday. Heineken posts an H1 beat and backs its FY forecast.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

US equity futures are slightly higher. Asian markets finished mostly lower and European markets opened lower. The market focus remained on corporate earnings and trade policy. GOOGL's results supported AI-driven optimism, while TSLA's weaker outlook weighed on sentiment. Reports suggested the US and EU are close to finalizing a trade deal involving new tariffs. Meanwhile, Treasury Secretary Bessent's upcoming meeting with China's Vice Premier has drawn attention. Sentiment was also shaped by mixed US economic data, with better-than-expected jobless claims but weaker new home sales and ongoing inflation pressure tied to tariffs. Other notable event today: Trump is scheduled to visit the Fed headquarters at 4pm Eastern.Companies Mentioned: Samsung Electronics, OpenAI, Perplexity AI, Alphabet, Paramount Global, Southwest Airlines, Boeing

Lael Brainard, former director of the National Economic Council under President Biden, former Vice Chair of the Federal Reserve and distinguished fellow at the Georgetown Psaros Center for Financial Markets and Policy discusses President Trump's continued pressure on Fed chair Jerome Powell following the President's visit to the Federal Reserve to tour renovations.See omnystudio.com/listener for privacy information.

President Trump tours renovations at the Federal Reserve and says costs have spiralled to $3.2bn at the site but Chairman Jerome Powell pushes back against the claims. LVMH suffers a larger-than-expected fall in Q2 sales as CEO Bernard Arnault announces plans to open a new factory in Texas. VW Group cuts its FY guidance following an almost-30 per cent plunge in operating profit in the second quarter. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

US equity futures are mixed after Wednesday's rally pushed the S&P 500 and Nasdaq to fresh record closes. Asia ended higher, with Japan leading gains and tech supporting sentiment in Korea and Taiwan, while European markets opened firmer. The market focus remained on trade policy developments, with momentum building toward new tariff deals. Trump confirmed a US-Japan agreement featuring a 15% tariff, below the earlier signaled 25% rate. Reports also indicated that the US and EU are close to finalizing a similar 15% deal with mutual tariff waivers. South Korea was said to offer a Japan-style agreement, though Yonhap reported high-level talks were suddenly postponed. Australia signaled intent to lift beef import restrictions to gain tariff relief. Meanwhile, Trump stated the new global tariff baseline may be set between 15% and 50%.Companies Mentioned: Comcast, Goldman Sachs, Broadcom, Amazon

Tesla shares slump after CEO Elon Musk warns of potential ‘rough quarters' ahead as EV subsidies expire and European sales nosedive by 40 per cent in June. Deutsche Bank sees profits double in H1 to €5.3bn on strong inflows to its private bank and asset banking arm. CFO James Von Moltke tells CNBC he believes the German economy is gaining in confidence. European futures are up as the EU and U.S. move closer to negotiating a 15 per cent tariff package, similar to that agreed between Washington and Japan earlier this week.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The competition for junior talent between private equity and Wall Street banks reached a new peak this summer. That's thanks to a controversial recruiting practice that is causing both industries to find talent earlier and earlier.Now, powerful figures such as JP Morgan Chase CEO Jamie Dimon are publicly decrying the strategy. The FT's Wall Street editor Sujeet Indap and banking editor Ortenca Aliaj explain the origins of this friction and what it says about the future of Wall Street and private equity's top firms. Clip from the Psaros Center for Financial Markets and Policy - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:Wall Street vs private equity: can anyone stop the grad recruitment creep?Is investment banking still a jewel in Wall Street's crown?Private equity abandons early recruiting after Jamie Dimon fightback- - - - - - - - - - - - - - - - - - - - - - - - - - Follow Ortenca Aliaj on X (@OrtencaAl) and Bluesky (‪‬‪@ortenca.bsky.social‬), and Sujeet Indap on X (@sindap) and Bluesky (‪@sindap.bsky.social‬‪‬). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

S&P futures are pointing to a higher open today, up +0.3%, supported by trade deal momentum. Asian equities rallied Wednesday, led by Japan's Nikkei, which surged +3.5% on the back of a U.S.-Japan trade deal announcement. European markets are also trading firmly higher, with the STOXX 600, DAX, and CAC up near +1%. The U.S. and Japan reached a trade deal reducing tariffs to 15% on various goods, including autos. Japan will boost rice imports by 75% and purchase $8B in U.S. agricultural and other products. Defense spending with U.S. firms will increase to $17B annually. Japan also committed $550B in U.S. investments, with the U.S. receiving a 90% profit share.Companies Mentioned: Boeing, Morgan Stanley, ConocoPhillips

The U.S. and Japan agree to what President Trump calls ‘the largest trade deal in history'. Tariffs on most goods including autos have been reduced to 15 per cent, sending shares spiking among car manufacturers. Italian lender Unicredit hikes its guidance following an unexpected profit jump in Q2 just a day after it abandoned its bid for smaller domestic rival Banco BPM. CEO Andrea Orcel tells CNBC the takeover move had become ‘a drag'. SAP posts a 24 per cent cloud revenue beat but still misses expectations. CFO Dominik Asam says he remains confident thanks to a strong pipeline in H2.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

S&P futures are pointing to a flat open today. Asian equities traded mixed on Tuesday, while European markets are edging lower in early trades. Asian officials are rushing to finalize trade deals with the U.S. ahead of the 1-Aug deadline. Taiwan has voiced cautious hope for an agreement, while South Korea and Japan continue talks in Washington over auto tariffs. India, however, remains skeptical about a deal due to pharma tariff protection sticking points. Companies Mentioned: Paramount Global, CSX Corp, JPMorgan Chase, Goldman Sachs

The White House maintains pressure on Federal Reserve Chairman Jerome Powell to cut interest rates but markets appear sanguine. The S&P 500 closes at a fresh record high while Treasury Secretary Scott Bessent tells our colleagues Stateside that he intends to investigate the Fed's decision-making. Brussels is reportedly preparing a range of ‘nuclear options' should the EU fail to agree a trade deal with Washington ahead of President Trump's August 1st deadline. Anglo-Swedish drug firm AstraZeneca says it will invest around $50bn for manufacturing and R&D in the US over the next five years as it braces for potential pharma tariffs.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Send us a textRaphael Douady is a French mathematician who works in both academia as well as quantitative finance. His specialization is in chaos theory and financial mathematics. In this interview he shares how he got into mathematics and why he left for quantitative finance. We also briefly discuss AI in the finance space as he has a paid seminar on July 31st called, "Opportunities and Challenges in Leveraging AI for Financial Markets." The conversation is a fun discussion of the challenges of working in the finance world from a math and quant perspective.Opportunities and Challenges in Leveraging AI for Financial Markets:https://wallstreetscholars.com/seminar/b2310304-b22a-4622-8a47-1698b136b00f?rc=fqRaphael Douady:https://www.linkedin.com/in/raphael-douady/Polymodels  Textbook:https://amzn.to/3IVuEJVOVVO Labs is a proud sponsor of Talking Tuesday with Fancy Quant!www.OVVOLabs.comDigital Disruption with Geoff Nielson Discover how technology is reshaping our lives and livelihoods.Listen on: Apple Podcasts SpotifySupport the show

US equity futures are firmer with S&P up 0.3%. Asian equity markets are mostly higher, while European markets stay mixed. US 2Y yield down to 3.9% and 10Y down at 4.4%. Dollar softer, gold firmer. WTI crude goes slightly up. Industrial metals mostly higher. China's infrastructure names rallied following start of construction of mega dam project in Tibet worth CNY1.2T ($167.8B). On US and China talks, press highlighted expectations of a Trump-Xi meeting at APEC summit South Korea in late October, if not sooner. Beijing also confirmed top leaders will meet Europe's von der Leyen and Costa on Thursday, meanwhile added it would take countermeasures after EU included Chinese companies and banks in its latest sanctions against Russia as tensions between Beijing and Brussels simmer ahead of the summit. Companies Mentioned: Carlyle Group, Brookfield Renewable Partners, Microsoft

Higher-for-longer interest rates offer solid income sources. Michel Dilmanian, Portfolio Strategist at the BlackRock Investment Institute, shares why we favor short- and medium-term government bonds, select credit and more.General disclosure: This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The opinions expressed are as of the date of publication and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves risks. BlackRock does and may seek to do business with companies covered in this podcast. As a result, readers should be aware that the firm may have a conflict of interest that could affect the objectivity of this podcast.In the U.S. and Canada, this material is intended for public distribution.In the UK and Non-European Economic Area (EEA) countries: this is Issued by BlackRock Investment Management (UK) Limited, authorised and regulated by the Financial Conduct Authority. Registered office: 12 Throgmorton Avenue, London, EC2N 2DL. Tel:+ 44 (0)20 7743 3000. Registered in England and Wales No. 02020394. For your protection telephone calls are usually recorded. Please refer to the Financial Conduct Authority website for a list of authorised activities conducted by BlackRock.In the European Economic Area (EEA): this is Issued by BlackRock (Netherlands) B.V. is authorised and regulated by the Netherlands Authority for the Financial Markets. Registered office Amstelplein 1, 1096 HA, Amsterdam, Tel: 020 – 549 5200, Tel: 31-20- 549-5200. Trade Register No. 17068311 For your protection telephone calls are usually recorded.For Investors in Switzerland: This document is marketing material.In South Africa: Please be advised that BlackRock Investment Management (UK) Limited is an authorised Financial Services provider with the South African Financial Services Board, FSP No. 43288.In Singapore, this is issued by BlackRock (Singapore) Limited (Co. registration no. 200010143N). This advertisement or publication has not been reviewed by the Monetary Authority of Singapore. In Hong Kong, this material is issued by BlackRock Asset Management North Asia Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong. In Australia, issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523 (BIMAL). This material provides general information only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should assess whether the material is appropriate for you and obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circumstances. Refer to BIMAL's Financial Services Guide on its website for more information. This material is not a financial product recommendation or an offer or solicitation with respect to the purchase or sale of any financial product in any jurisdictionIn Latin America: this material is for educational purposes only and does not constitute investment advice nor an offer or solicitation to sell or a solicitation of an offer to buy any shares of any Fund (nor shall any such shares be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction. If any funds are mentioned or inferred to in this material, it is possible that some or all of the funds may not have been registered with the securities regulator of Argentina, Brazil, Chile, Colombia, Mexico, Panama, Peru, Uruguay or any other securities regulator in any Latin American country and thus might not be publicly offered within any such country. The securities regulators of such countries have not confirmed the accuracy of any information contained herein. The provision of investment management and investment advisory services is a regulated activity in Mexico thus is subject to strict rules. For more information on the Investment Advisory Services offered by BlackRock Mexico please refer to the Investment Services Guide available at www.blackrock.com/mx©2025 BlackRock, Inc. All Rights Reserved. BLACKROCK is a registered trademark of BlackRock, Inc. All other trademarks are those of their respective owners.BIIM0725U/M-467855

Japanese Prime Minister Shigeru Ishiba's ruling coalition loses its majority in the upper house with rival parties advocating tax cuts and increased spending. U.S. Commerce Secretary Howard Lutnick says he believes an EU trade deal is feasible. However, reports suggest some EU leaders are considering harsher retaliatory moves should President Trump raise the baseline tariff rate. And in aviation news, Ryanair's net profits almost double in the second quarter as Easter travel boosts Europe's largest budget carrier. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Over the summer, The Bid brings back some of the best episodes from the last year. Kicking off the series, hosts Oscar and Stevie take a look back on one of the most popular episodes, recorded live on location in Davos, Switzerland.In a special episode recorded from Davos, host Oscar Pulido is joined by Philipp Hildebrand, Vice Chairman of BlackRock, and Tom Donilon, Chairman of the BlackRock Investment Institute, to discuss the latest insights on the macroeconomic and geopolitical outlook for 2025. Philipp and Tom will provide their expert analysis on how these dynamics are shaping the global economic environment and what it means for investors and policymakers, offering listeners a behind-the-scenes perspective from Davos. Original episode aired January 24th 2025Key moments in this episode:00:00 Introduction to The Bid's Best of Summer Series00:49 Oscar's Favorite Episode: Geopolitics Live from Davos03:02 Insights from Davos: Geopolitical and Economic Outlook05:35 The Impact of AI and Technology07:41 US-China Relations and Global Fragmentation10:59 Economic Outlook for 202518:02 Europe's Response to Global Challenges26:00 Reflections and Closing Remarks

US equity futures are slightly higher. Asia ended mostly firmer, and Europe looks set to open higher. The market focus remains on Fed policy outlook and trade tensions. Fed Governor Waller reiterated support for a July rate cut and backed further easing this year if inflation stays in check. His comments followed similar dovish remarks from SF Fed's Daly. On the trade front, the US Commerce Department imposed a 93.5% tariff on Chinese graphite, with industry groups warning effective rates could exceed 160% since it claimed China unfairly subsidizing graphit. Meanwhile, Trump offered positive signals on talks with India and the EU, though reports indicate the EU is preparing retaliatory measures. US economic data surprised to the upside.Companies Mentioned: Norfolk Southern, Union Pacific, CSX Corp, Talen Energy, BlackRock, WonderFi Technologies, Robinhood

Netflix posts a Q2 beat on the back of strong subscriber growth and advertising sales and has hiked its revenue forecast. Shares move slightly down in after-hours trade, however, as investors brace for rising costs in H2. Federal Reserve governor Christopher Waller is urging a rate cut this month, citing growing weakness in the U.S. labor market. And in Japan, the ruling coalition could lose its upper house majority in this weekend's election as an upstart right-wing party threatens to add pressure to the country's finances. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

US equity futures are slightly lower. Asian markets closed mostly higher, while Europe opened on firmer footing. The market focus was on the Fed after headlines suggested Trump may fire Chair Powell, triggering asset volatility before he publicly denied the claim. Headline inflation came in cooler than expected, though tariff-sensitive goods showed upward pressure. Trump reaffirmed his tariff strategy, noting upcoming letters to over 150 countries, and hinted rates for small partners could be 10–15%. At the same time, reports suggested a softer tone toward China, with efforts underway to secure a summit with Xi.Companies Mentioned: Union Pacific, CSX Corp, Norfolk Southern, AMC Entertainment, Imax, Marcus Theatres, Petrobras

President Trump denies he plans to fire U.S. Federal Reserve Chairman Jerome Powell following reports he had written a draft dismissal letter and discussed the move with lawmakers. Trump did again, however, criticise Powell for his failure to lower interest rates. The world's largest contract chip maker, TSMC, posts a massive 60 per cent surge in profits in the second quarter. Drug giant Novartis hikes its full-year guidance on the back of a narrow Q2 core earnings beat and double-digit sales numbers. European Commission President Ursula Von Der Leyen outlines her next budget plans but faces stiff criticism from Brussels and member states for the content and handling of the €2.3tn package.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

S&P futures are pointing to a lower open today, down (0.2%). Asian equities posted a mixed session, while European markets opened broadly lower. President Trump announced a trade deal with Indonesia that includes a 19% tariff on Indonesian imports to the U.S., while the U.S. faces no reciprocal tariffs. The agreement involves Indonesia purchasing $15B in U.S. energy, $4.5B in agricultural goods, and 50 Boeing jets, primarily 777 models. Additional levies on transshipments, similar to prior Southeast Asia agreements, were also highlighted. Companies Mentioned: Boeing, Brighthouse Financial, Cantor Equity Partners

UK Chancellor Rachel Reeves gives her Mansion House speech and calls on regulators to strip back red tape in order to boost growth. In the U.S., the June inflation print comes in slightly higher as tariffs begin to affect the core CPI number with President Trump continuing to slam the Federal Reserve's measures. In France, Prime Minister Francois Bayrou infuriates Marine Le Pen's Rassemblement National party after proposing a €44bn tax rise package as well as slashing two public holidays from the calendar to encourage economic activity. In autos news, disappointing European demand and Chinese competition prompts Renault to cut its full-year guidance. The company has also installed finance chief Duncan Minto as interim CEO.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

S&P futures are pointing to a higher open today, up +0.3%. Asian equities tilted higher on Tuesday, while European markets are also edging higher in early trades. China's Q2 GDP grew +5.2% y/y, slightly exceeding expectations, while industrial production rose +6.8%, outperforming forecasts. However, retail sales disappointed at +4.8%, raising concerns about weak consumer demand. Market sentiment improved following reports that Nvidia received U.S. approval to resume exports of its H20 AI chips to China, boosting optimism in the tech sector. Attention is now shifting to upcoming Q2 earnings and U.S. CPI data. Major banks such as JPMorgan, Wells Fargo, and Citigroup are set to report their earnings today. Companies Mentioned: NVIDIA, Cavco Industries, Accenture

In this quarterly market update, Wes Read is joined by Chief Investment Officer Brandon Hobson and investment committee member Paul Lipcius to unpack the swirling forces shaping the markets in mid-2025. From geopolitical tensions and legislative changes to the explosive innovation in AI, the team explores why this year has been anything but predictable.They discuss the surprising resilience of markets, the impact of currency fluctuations, and why disciplined diversification across small caps, value stocks, and international equities is paying off for investors. Whether you're curious about why international stocks are leading or how Practice CFO strategically tilts portfolios to manage risk and seize opportunity, this episode provides clarity and perspective for investors navigating uncertain terrain.Key PointsBetter Than Expected Performance: Despite early-year uncertainty, markets have performed more strongly than most anticipated.Volatility Remains High: After a volatile start, recent months have stabilized, though many unknowns persist.International Equity Surge: International developed and emerging markets are outperforming U.S. equities, buoyed in part by currency effects.Small Caps Poised for Upside: With expected Fed rate cuts, small cap stocks are positioned for potential outperformance.Value Over Growth: In this phase of the cycle, portfolios are tilted toward high-quality value stocks to manage risk.Disciplined Diversification: Practice CFO avoids market timing and instead uses tactical tilts to align with long-term objectives.Currency Dynamics Matter: Dollar weakness has amplified international returns, demonstrating the importance of currency diversification.Recency Bias Caution: The temptation to overweight recent winners is strong, but buy-low-sell-high discipline remains critical.Long-Term Focus: While tech-led growth has dominated for a decade, historical trends favor value and small caps over time.#DentalBoardroomPodcast #MarketUpdate #InvestmentStrategy #Diversification #InternationalEquities #SmallCaps #ValueInvesting #FinancialPlanning #PracticeCFO #DentalFinance

Nvidia expects the green light from the U.S. government to resume selling a key AI chip in China with deliveries to begin soon. Domestic consumption drives Q2 growth in China but the threat of a trade war with the U.S. still looms. And U.S. President Trump u-turns on arms deliveries to Ukraine, including sending Patriot missiles and threatening Russia with secondary tariffs in the event of no ceasefire within 50 days.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Efficient Market Hypothesis claims that financial markets process information immediately and correctly. However, since the EMH is based upon unrealistic assumptions, we also have to question the efficacy of this hypothesis, especially when central banks intervene in the markets.Original article: https://mises.org/mises-wire/do-financial-markets-operate-upon-superior-knowledge

S&P futures are pointing lower today, down (0.4%). European equity markets are mostly lower. Asia equities mixed. Most of the attention are going to notable declines in US futures in the wake of latest Trump tariff news, extending Friday's losses that capped off the first decline in S&P 500 in three weeks. US 10 year yield flat to 4.4%, 2Y to 3.9%. US Dollar little changed versus yen but higher against other trading partners. Crude oil, gold and Bitcoin futures are all extending gains after Friday's strength. Industrial metals are mixed. President Trump threatens EU and Mexico with 30% tariffs, effective 1-Aug, further testing market resilience. He added that this would be separate from sectoral tariffs. White House Economic Advisor Hassett affirmed Trump sees current EU concessions as insufficient. Trump said Mexico failed to do enough to stop fentanyl flows across the border.Companies Mentioned: GOOG, LION, PGHN.SW

The Efficient Market Hypothesis claims that financial markets process information immediately and correctly. However, since the EMH is based upon unrealistic assumptions, we also have to question the efficacy of this hypothesis, especially when central banks intervene in the markets.Original article: https://mises.org/mises-wire/do-financial-markets-operate-upon-superior-knowledge

U.S. tariffs may drive more dispersion in market and security returns, creating yet more opportunity to earn alpha, or above-benchmark returns. Vivek Paul, Global Head of Portfolio Research at the BlackRock Investment Institute, shares two ways of capturing this additional alpha on offer. General disclosure: This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The opinions expressed are as of the date of publication and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves risks. BlackRock does and may seek to do business with companies covered in this podcast. As a result, readers should be aware that the firm may have a conflict of interest that could affect the objectivity of this podcast.In the U.S. and Canada, this material is intended for public distribution.In the UK and Non-European Economic Area (EEA) countries: this is Issued by BlackRock Investment Management (UK) Limited, authorised and regulated by the Financial Conduct Authority. Registered office: 12 Throgmorton Avenue, London, EC2N 2DL. Tel:+ 44 (0)20 7743 3000. Registered in England and Wales No. 02020394. For your protection telephone calls are usually recorded. Please refer to the Financial Conduct Authority website for a list of authorised activities conducted by BlackRock.In the European Economic Area (EEA): this is Issued by BlackRock (Netherlands) B.V. is authorised and regulated by the Netherlands Authority for the Financial Markets. Registered office Amstelplein 1, 1096 HA, Amsterdam, Tel: 020 – 549 5200, Tel: 31-20- 549-5200. Trade Register No. 17068311 For your protection telephone calls are usually recorded.For Investors in Switzerland: This document is marketing material.In South Africa: Please be advised that BlackRock Investment Management (UK) Limited is an authorised Financial Services provider with the South African Financial Services Board, FSP No. 43288.In Singapore, this is issued by BlackRock (Singapore) Limited (Co. registration no. 200010143N). This advertisement or publication has not been reviewed by the Monetary Authority of Singapore. In Hong Kong, this material is issued by BlackRock Asset Management North Asia Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong. In Australia, issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523 (BIMAL). This material provides general information only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should assess whether the material is appropriate for you and obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circumstances. Refer to BIMAL's Financial Services Guide on its website for more information. This material is not a financial product recommendation or an offer or solicitation with respect to the purchase or sale of any financial product in any jurisdictionIn Latin America: this material is for educational purposes only and does not constitute investment advice nor an offer or solicitation to sell or a solicitation of an offer to buy any shares of any Fund (nor shall any such shares be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction. If any funds are mentioned or inferred to in this material, it is possible that some or all of the funds may not have been registered with the securities regulator of Argentina, Brazil, Chile, Colombia, Mexico, Panama, Peru, Uruguay or any other securities regulator in any Latin American country and thus might not be publicly offered within any such country. The securities regulators of such countries have not confirmed the accuracy of any information contained herein. The provision of investment management and investment advisory services is a regulated activity in Mexico thus is subject to strict rules. For more information on the Investment Advisory Services offered by BlackRock Mexico please refer to the Investment Services Guide available at www.blackrock.com/mx©2025 BlackRock, Inc. All Rights Reserved. BLACKROCK is a registered trademark of BlackRock, Inc. All other trademarks are those of their respective owners.BIIM0725U/M-4657031

President Trump threatens the European Union with a 30 per cent tariff on exports into the U.S. starting on 1st August. However, Trump says a deal could be reached if the EU was willing to make concessions. The EU is holding off from any retaliatory measures for now but European Commission President Ursula Von Der Leyen says the bloc is preparing to target up to €90bn of U.S. products should negotiations fail. European futures dip but should avoid a severe sell-off as investors pin hopes on a settlement to be reached between Washington and Brussels.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

S&P futures are pointing to a lower open today, down (0.6%). European equity markets also opened in the red, with the major indices roughly down by (0.5%). Asian markets traded mixed with Greater China markets outperforming. The Hang Seng surged +1.8%, boosted by gains in consumer-oriented and property stocks, while the Shanghai Composite hit a 3.5-year high. President Trump announced a 35% tariff on Canadian goods not covered by the USMCA, effective 1-Aug, increasing from the current 25%. Energy-related goods remain at a 10% tariff. Trump hinted at potential baseline tariffs of 15 to 20%, up from the current 10%, and suggested similar measures might target the EU soon. Companies Mentioned: Google, Boyd Gaming, Panasonic

What does it take to keep global financial markets stable during extreme volatility and AI-driven trading? Chris Isaacson, Chief Operating Officer of Cboe Global Markets, the world's largest options market exchange, reveals the high-stakes playbook for building resilient systems, people, and processes that handle over a trillion messages a day without failure.In CXOTalk episode 885, we go behind the scenes of one of the world's largest exchange operators to learn how they prepare for and manage market crises. Chris shares concrete strategies and the leadership mindset required to operate in an environment where nanoseconds and trillions of dollars are on the line.Topics Discussed:Building Holistic Resilience: The framework of "resilient people, processes, and platforms."Preparing for Volatility: The "2X rule" for engineering systems to handle extreme scenarios.Managing AI Risk: How to control AI-driven trading by focusing on effects, not intent.Leadership Under Fire: The critical importance of composure and a codified cultural framework.The Future of Trading: The operational realities of moving toward a 24/7 market.Chris Isaacson is the Executive Vice President and Chief Operating Officer of Cboe Global Markets, one of the world's leading derivatives and securities exchange networks. He oversees all of Cboe's technology, operations, and risk management.

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S&P futures are pointing to a slightly lower open today, down (0.2%). Asian equities were mostly higher Thursday, supported by gains in Greater China markets. European equity markets are also broadly firmer, with the FTSE 100 leading at +0.7%. President Trump issued additional tariff letters targeting smaller trading partners. Japan is reportedly organizing trade talks with U.S. Treasury Secretary Bessent next week, while U.S.-Brazil relations remain tense after Trump threatened 50% tariffs. However, markets remain largely unshaken, with expectations of reprieves closer to the August deadlines.Companies Mentioned: WK Kellogg, Canada Goose, Amazon

As the latest housing bubble pops, home sellers are asking for unreal prices for their homes, while buyers are waiting for the prices to fall. Bill Pulte, Trump's Director of the Federal Housing Finance Agency, is demanding the Fed force down interest rates to restart the unsustainable boom.Original article: https://mises.org/mises-wire/bid-ask-spread-housing-and-pultes-law