Podcasts about financial markets

AI investment, evolving earnings leadership, and shifting global dynamics are redefining stock market trends as investors enter 2026. Companies are deploying unprecedented capital toward data centers, compute, and productivity-enhancing technologies, while rate cuts and supply-chain realignment reshape the macro backdrop. These forces are changing how fundamentals, valuations, and sector growth patterns show up in equity markets.In this episode of The Bid, host Oscar Pulido speaks with Carrie King, Global CIO of BlackRock's Fundamental Equities group, about the major drivers influencing the 2026 equity outlook. Carrie breaks down why high-level valuations may mask improved corporate quality, how AI-related investment is broadening beyond semiconductors, and why the gap between megacap earnings and the rest of the market may begin to narrow.They also explore how global monetary easing is benefiting emerging markets, why Japan's structural reforms continue to support its equity story, and how diversification is becoming more challenging in a market shaped by a few powerful megaforces. Carrie explains what this means for sector positioning, volatility, and where long-term investors may find underappreciated opportunities.Key moments in this episode:00:00 Introduction: Can Stocks Maintain Momentum in 2026?03:29 AI's Dominance in the Market09:34 Global Investment Trends and Opportunities12:06 Earnings Growth and Sector Performance15:36 Diversification Strategies for Investors17:10 New Year's Resolutions for Investors18:59 Conclusion and Upcoming EpisodesKey insights include:· How AI-driven spending is reshaping earnings patterns and stock market trends· Why equity valuations may be better anchored than headlines suggest· Where the “other 493” may see accelerating earnings growth· How global rate cuts and supply-chain shifts are supporting EM and Japan· Why diversification requires new approaches in a megaforce-driven market· Which sectors—industrials, travel, and healthcare—may offer overlooked potentialstock market trends, AI investing, megaforces, capital markets, equity markets, global investing, sector rotationSources:Written Disclosures In Episode Description:This content is for informational purposes only and is not an offer or a solicitation. Reliance upon information in this material is at the sole discretion of the listener. Reference to any company or investment strategy mentioned is for illustrative purposes only and not investment advice. In the UK and non-European Economic Area countries, this is authorized and regulated by the Financial Conduct Authority. In the European Economic Area, this is authorized and regulated by the Netherlands Authority for the Financial Markets. For full disclosures, visit blackrock.com/corporate/compliance/bid-disclosures.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

US equity futures point to a modestly firmer open. Asian markets were mixed, while European equities were trading lower. Today's focus is on improving sentiment around AI and select cyclicals, with strong results and capex guidance from TSMC underpinning semiconductors and AI-linked names, while investment bank earnings provided support for financials. At the same time, oil retreated as geopolitical risk premiums faded after President Trump signaled he would hold off on Iran strikes, easing pressure across energy markets. Meanwhile, firmer US economic data and upbeat regional manufacturing surveys reinforced the narrative of economic resilience, prompting a backup in short-end yields and keeping expectations for rate cuts in 2026 more restrained, even as Fed officials continued to strike a cautious but broadly balanced tone on inflation and growth.Companies Mentioned: Ford Motor, JPMorgan Chase, Ferrari

Chicago Federal reserve Chairman Austan Goolsbee says the removal of Fed independence would see inflation “roaring back” and the IMF managing director Kristalina Georgieva has pledged her support behind Jerome Powell who is under criminal investigation. However, U.S. Commerce Secretary Howard Lutnick tells CNBC that the Fed has ‘plenty of room' to prompt further interest rate cuts. European equities hit another record high during Thursday's session following bumper earnings from Taiwan's TSMC. The result nudged European chip makers up and helped push the tech subindex to levels last seen at the start of the century. And a U.S. Congressional delegation are in Copenhagen to meet with Danish Prime Minister Mette Frederiksen to discuss the future of Greenland.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 point to a steadier open. Asian markets traded mixed overnight, while European equity opened mixed. Today's focus is on a rotation away from mega-cap technology toward small caps, cyclicals, and defensives, with breadth improving as equal-weight indices outperformed despite headline index weakness. Bank earnings for a second day failed to impress, reinforcing pressure on money-center banks, while ongoing volatility was driven by mixed macro signals, geopolitical uncertainty around Iran and Venezuela, and continued scrutiny of housing affordability and defense spending from the White House. Policy remains a key theme as Fed officials delivered mixed messages on the timing of further easing, data showed resilient consumer demand alongside softer labor-market indicators, and markets continued to wait on a US Supreme Court decision related to tariff authority, alongside renewed attention on recently announced tariffs on advanced semiconductor imports not tied to domestic AI use.Companies Mentioned: Nvidia, Calavo Growers, Coca-Cola

UK GDP figures for November beat expectations to come in 0.3 per cent higher month-on-month and 1.4 per cent year-on-year. Denmark and EU allies boost their troop presence in Greenland as talks in Washington fail to deliver an agreement. President Trump says the U.S. needs the Arctic territory for its national security. Crude prices fall as U.S.-Iranian tensions ease slightly, however both the U.S. and UK decide to withdraw military personnel from an American-run base in Qatar. And in luxury news, Cartier owner Richemont enjoys a bumper Christmas season, posting an 11 per cent surge in quarterly sales.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

We explore the forces likely to shape financial markets in 2026 and how to make better decisions as you pursue your goals this year.Topics covered include:The difference between intentions and resolutionsKey behavioral biases and how to overcome themThe cautionary tale of a private real estate fund that went publicIs the affordability crisis real?The big test for AI in 2026The financial and economic outlook for the yearSponsorsGelt - Taxes Done RightMasterworks - Invest in multimillion-dollar artwork offeringsDelete Me – Use code David20 to get 20% offInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesA Slightly Better You in the New Year by Roland Fryer—The Wall Street JournalPaying Not to Go to the Gym by Stefano DellaVigna and Ulrike Malmendier—American Economic AssociationHandbook of Cognitive Biases—Federal Intelligence Service FISEmployed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over—Federal Reserve Bank of St. LouisAmerica's affordability crisis is (mostly) a mirage—The EconomistWhen Your Private Fund Turns $1 Into 60 Cents by Jason Zweig—The Wall Street JournalCanadians Are Furious After Real Estate Funds Lock Up Their Money by Paula Sambo—BloombergBlue Rock TI+ Annual Report—Securities and Exchange CommissionWhich jobs have grown (and declined) fastest during your working life? by Andrew Van Dam—The Washington PostIs AI More Like a Mind or a Market? by Walter Frick—BloombergDon't Fear the Bubble Bursting by Carl Benedikt Frey—The New York TimesRelated Episodes484: 7 Steps to Living a Longer Life414: Use Caution with Private REITs like Blackstone's BREITSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this conversation, Michael and I dig into a world that feels like it's coming unglued—regime change risks abroad, populism at home, and a Federal Reserve under political pressure. We discuss inequality, hard assets, Bitcoin, and why markets continue to rally despite the ground under American democracy feeling less stable than it should. Michael Novogratz is the Founder and CEO of Galaxy Digital. He was formerly a Partner and President of Fortress Investment Group LLC. Mr. Novogratz served on the New York Federal Reserve's Investment Advisory Committee on Financial Markets from 2012 to 2015. He serves as the Chairman of The Bail Project and has made criminal justice reform a focus of his family's foundation. Follow Anthony on X: ⁠⁠⁠⁠⁠https://x.com/Scaramucci⁠⁠⁠⁠⁠ Follow Novo on X: ⁠⁠⁠⁠⁠https://x.com/novogratz⁠⁠⁠⁠⁠ Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. Learn more about your ad choices. Visit podcastchoices.com/adchoices

S&P futures are down (0.2%) and pointing to a slightly lower open today. Asian equities ended mostly higher on Wednesday. Japan's Nikkei surged on election speculation and yen weakness, while Greater China markets traded mix as Chinese authorities moved to raise margin finance ratios, dampening enthusiasm. European markets continue to advance in early trading. Companies Mentioned: Apple, Qualcomm, Genco Shipping, Cerebras Systems

U.S. core inflation data for December dips slightly below forecasts with hopes it may have peaked. President Trump once again lashes out at Federal Reserve chairman Jerome Powell over interest rate cuts. Crude experiences a volatile session with the prospect of U.S. intervention in Iran protests still on the table after President Trump told protestors on the ground that ‘help was on its way'. And China posts a new record high trade surplus of $1.2tn in 2025 despite U.S. tariffs.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

-AI and Financial Markets (0:11) -AI Compliance and Claude Code Incident (2:56) -Trump's Claims and International Law (9:20) -Trump's Aggressive Foreign Policy (22:04) -Trump's Threats to the Federal Reserve (34:14) -Trump's Tariffs and Economic Impact (41:35) -Trump's Impact on Global Relations (45:22) -Trump's Vision for America (47:53) -Trump's Economic and Political Strategy (1:08:55) -Trump's Impact on American Society (1:09:50) -Economic Challenges and Job Market Changes (1:10:06) -Impact of AI on Various Industries (1:27:56) -Adapting to AI and Future Job Prospects (1:30:39) -Robotics and Automation in Society (1:43:31) -The Role of Creativity and Human Skills (1:53:01) -Financial Advice and Debt Management (2:02:27) -The Power of Asking and Building Relationships (2:21:35) -Resilience and Adaptability in a Changing World (2:22:04) -Final Thoughts and Encouragement (2:22:54) -Reinventing Ourselves and the Power of AI (2:24:48) -The Power of Ask and Supernatural Help (2:34:37) -The Year of the Mirror and Technological Discernment (2:36:47) -Due Diligence and Trustworthy Information (2:45:41) -The Story of Todd and Yana's Love (2:51:50) -Future Plans and Technological Innovations (3:02:30) -Closing Remarks and Final Thoughts (3:03:29) For more updates, visit: http://www.brighteon.com/channel/hrreport NaturalNews videos would not be possible without you, as always we remain passionately dedicated to our mission of educating people all over the world on the subject of natural healing remedies and personal liberty (food freedom, medical freedom, the freedom of speech, etc.). Together, we're helping create a better world, with more honest food labeling, reduced chemical contamination, the avoidance of toxic heavy metals and vastly increased scientific transparency. ▶️ Every dollar you spend at the Health Ranger Store goes toward helping us achieve important science and content goals for humanity: https://www.healthrangerstore.com/ ▶️ Sign Up For Our Newsletter: https://www.naturalnews.com/Readerregistration.html ▶️ Brighteon: https://www.brighteon.com/channels/hrreport ▶️ Join Our Social Network: https://brighteon.social/@HealthRanger ▶️ Check In Stock Products at: https://PrepWithMike.com

S&P futures are pointing to a flat open today, as markets brace for December CPI data and the kickoff of earnings season with major banks reporting. Asian equities ended mostly higher on Tuesday. Japan's Nikkei surged over +3%, driven by snap election speculation and yen weakness. Australia and Taiwan also posted gains, while Thailand was the only major market to close lower. European markets are mixed with the STOXX 600 hitting a fresh all-time high. The CAC is weighed by political uncertainty in France. Companies Mentioned: TSMC, NVIDIA, Lululemon

All former living Federal Reserve Chairs sign a joint condemnation of the federal criminal investigation into current chairman Jerome Powell. UBS CEO Sergio Ermotti is reportedly eyeing an exit from the position next year, triggering a succession race for one of the most contentious jobs in European banking. Airbus beats its revised delivery target for 2025 to cement its place as the world's largest plane maker.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Wyatt, Henry, and Jake recently put out a report called "Total Value Lost", exploring how best to assess the value of various DeFi markets - starting with lending markets. This episode is a continuation of that conversation, exploring what carries value in DeFi going forward, particularly on the back of a shaky market period. This discussion covers: Where does the recent, ongoing market selloff leave us? What metrics matter for onchain markets? What market dynamics contributed to the October 10 washout? How does leverage manifest in onchain markets, and what does it look like today? How do you assess the value of illiquid cryptoassets? What drives revenue multiples. Which protocols will benefit from the tokenization of other asset classes, and which will struggle? How do the individual behaviors and incentives of investment funds contribute to crypto market volatility?

S&P futures are down (0.7%) and pointing to a lower open today. Asian equities ended Monday trading broadly higher. Mainland China and Hong Kong technology stocks led the rally after policy announcements supported several sectors. Australia and Taiwan also posted gains, while Thailand was the only major market to close lower. European markets are mostly lower in early trading. The Sentix investor confidence index for the Eurozone, due today, will provide insight into early 2026 sentiment, though caution persists following a downward trend at the end of 2025. Companies Mentioned: Warner Bros. Discovery, Sun Country Airlines, Prudential Financial, AT&T, Verizon

After three rare years of double-digit S&P 500 returns, the prospect of a fourth now hinges on Q4 earnings season. Wei Li, Global Chief Investment Strategist at BlackRock, highlights three key themes to watch.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©2026 BlackRock, Inc. All Rights Reserved. BLACKROCK is a registered trademark of BlackRock, Inc. All other trademarks are those of their respective owners.BII0126-5113583-EXP0127

Federal Reserve Chairman Jerome Powell is under federal criminal investigation amid the central bank's $2.5bn building renovation. Powell blamed President Trump behind the move and warned that the independence of the Federal Reserve was threatened. Iran says it will fight back if the U.S. attacks. President Trump has reportedly considered military intervention following the killing of hundreds of protestors during the largest anti-regime demonstrations seen in years. And after 25 years of negotiations, the EU is set to create the world's largest free trade area with Mercosur countries in Latin America despite fierce pushback from farmers across the bloc.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

On the latest episode of Minor Issues, Mark Thornton revisits the history—and present risk—of hyperinflation. Mark explains the threshold that defines hyperinflation, why measuring prices under chaos is hard (yet still revealing), and how the social damage mirrors war: savings vaporize, capital is destroyed, and civic trust collapses. He closes with practical takeaways: why gold and silver often move first as “fire alarms” and why studying past episodes builds the psychological and analytical readiness to face low-probability, high-impact events."The Road to Hyperinflation" (Minor Issues, Episode 136): https://mises.org/MI_136"The Gold-Silver Ratio" (Minor Issues, Episode 119): https://mises.org/MI_119"On Hyperinflation: New Evidence from Zambia, the Central African Franc Zone, and Belarus" by Steve H. Hanke and Nicole Saade (World Economics Journal, December 2025): https://mises.org/MI_157_A"Hyperinflation and the Destruction of Human Personality" by Joseph T. Salerno (lecture): https://mises.org/MI_157_B "Hyperinflation and The Destruction of Human Personality" by Joseph T. Salerno (Studia Humana, 2013): https://mises.org/MI_157_C>>> Order a Minor Issues tumbler today! https://mises.org/MinorIssuesTumblerEnter the 2026 Stocks vs. Manure Prediction Contest at https://mises.org/form/stocks-vs-manure-2026Be sure to follow Minor Issues at https://Mises.org/MinorIssues

US equity futures point to a flat open ahead of key payrolls risk, with Asian markets mostly higher and European equities trading firmer. Today focus is on elevated event risk ahead of Friday's US payrolls report, a potential Supreme Court ruling on IEEPA tariffs as soon as Friday, and the start of Q4 earnings next week led by major banks. Defense stocks outperformed following renewed discussion of a 50% increase in Pentagon spending, reinforcing a broader pro-cyclical rotation away from mega-cap technology. In addition, reports that China may approve limited Nvidia H200 chip imports as early as Q1 are being monitored alongside ongoing rare-earth and export-control tensions, while markets also remain focused on the Fed chair nomination timeline and the US 10-year yield approaching the 4.2% level.Companies Mentioned: Warner Bros. Discovery, Paramount, Boeing, Strava, Inc.

European equities are starting the day in the green with attention focusing on the U.S. non-farm payroll print out later today, as well as a crucial Supreme Court ruling on tariffs. Chinese December inflation data comes in at a three-year high but the annual print is flat, which adds to concerns about deflation in the country. In mining news, Glencore and Rio Tinto confirm they are in talks which could potentially lead to a mega-merger, creating the world's largest resource extraction company.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 point to a softer open, with Asian markets generally weaker and European equities narrowly mixed. Today's focus is on a pause in the recent pro-cyclical rally as geopolitical risks and upcoming event risk weigh on sentiment. Energy and financials underperformed amid renewed uncertainty around Venezuela developments, while Trump's social media comments on restricting institutional housing investment and curbing defense-sector buybacks added to sector-specific volatility. Moreover, macro data sent mixed signals, leaving Fed expectations broadly unchanged. Investors are now looking ahead to Friday's payrolls report, the pending Supreme Court ruling on Trump tariffs, and the next round of earnings and policy decisions as near-term catalysts.Companies Mentioned: Nvidia, Chevron, Eli Lilly, Ventyx Biosciences

The U.S. administration says it will control Venezuela's oil sales indefinitely, with Energy Secretary Chris Wright telling CNBC the plan is needed to drive change in the country. European stocks look set to follow Wall Street into the red after mixed data stateside - with attention now turning to Friday's non-farm payrolls report. And, China reportedly asks tech companies to halt orders of Nvidia's H200 chips a day after Jensen Huang hails strong demand in the country, as Beijing looks to reduce reliance on foreign-made AI products.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome back to another conversation with me, Anthony Scaramucci and my good friend Mike Novogratz. We cut through the noise to talk about what's really driving markets right now—from Venezuela and geopolitics to why stocks, crypto, and commodities all look like they want to move higher at the same time. We also dig into debt, power, AI, and the uncomfortable truth that asset prices are booming while a lot of people still feel left behind. Michael Novogratz is the Founder and CEO of Galaxy Digital. He was formerly a Partner and President of Fortress Investment Group LLC. Mr. Novogratz served on the New York Federal Reserve's Investment Advisory Committee on Financial Markets from 2012 to 2015. He serves as the Chairman of The Bail Project and has made criminal justice reform a focus of his family's foundation. Follow Anthony on X: ⁠⁠⁠⁠https://x.com/Scaramucci⁠⁠⁠⁠ Follow Novo on X: ⁠⁠⁠⁠https://x.com/novogratz⁠⁠⁠⁠ Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. Learn more about your ad choices. Visit podcastchoices.com/adchoices

US equity futures mixed with S&P down 0.1%, following Tuesday's gains, which saw new ATH for Dow and S&P logged its first fresh record close since 24-Dec. Bonds firmer. US 10-year yields down, 2-year flat. Dollar is little changed. Oil down. Gold lower. Industrial metals mixed. Bitcoin is softer. Elsewhere, European equity markets are mostly firmer and Asia's are mixed. Sentiment remains bullish. More sell-side commentary are on Tuesday talking up valuation argument for European stocks. In addition, underlying resilience in macro backdrop another supportive factor. AI-narrative into the new year has focused on the positives rather than the risks. Geopolitical environment is febrile, yet implications for equity markets appear limited for now. President Trump said on social media that Venezuela will send 30-50M barrels of oil to US at market prices and proceeds to be controlled by Trump.Companies mentioned: Lukoil, Mobileye Global, Meta Platforms, Chevron

Crude prices slip as President Trump says Venezuela will give up to 50 million barrels of oil to the U.S., and that he will control the proceeds. Trump says he has asked Energy Secretary Chris Wright to enact the plan, immediately. The White House refuses to rule out military action to take Greenland - as European leaders issue a statement pushing back on President Trump's comments about acquiring the territory. And Nvidia CEO Jensen Huang says talks with the White House over an export licensing agreement is almost done.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 firmer with S&P pointing up. US yield down on both short and long ends. Gilts up, dollar is softer, oil is down, gold up. Industrial metals higher. Bitcoin extends recent move back. Asia equities ended mostly higher again Tuesday and European equity markets are mostly firmer, following Monday's positive close. Market is looking through recent geopolitical developments. Strength in cyclicals, tech gains and resource stocks supporting regional equity markets. Defense stocks benefiting from geopolitics and ongoing push across Europe to ramp up defense spending. In general, sentiment positive, with leading benchmarks have been extending to new record highs on Monday. Sell-side remains optimistic on outlook amid stable macro picture, better earnings expectations.Companies mentioned: NVIDIA, Hyundai Motor

Blair Carl Smith, Senior Director of the Center for Financial Markets at the Milken Institute, joins middle schooler Kaitlyn to talk about career challenges, accomplishments, and what drives his work. Blair also talks about how he sets goals, works hard to make them happen, and proves anyone who doubted him wrong. Kaitlyn learns from Blair how perseverance, purpose, and believing in yourself can help you tackle any challenge.

European stocks line up another day in the green - the benchmark Stoxx 600 hitting a new high in Monday's session, and the Dow Jones notching a fresh record stateside. This, in the shadow of rising geopolitical tensions as President Trump says he is "very serious" about taking Greenland - despite a warning from Denmark's Prime Minister that any act of aggression would spell the end of NATO. And deposed Venezuelan President Nicolas Maduro pleads not guilty to drug trafficking charges in his first court appearance since being captured in a U.S. operation in Caracas. Maduro said he had been "kidnapped" and was a "prisoner of war". 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 point to a positive open today, with Asian markets broadly higher and European equities trading mostly firmer. Focus is on the heightened geopolitical tensions after American forces abducted Venezuelan President Nicolas Maduro. Potential systematic moves largely revolve around crude oil. The longer term price outlook seems skewed to the downside. Asia equities set Venezuela developments to one side and continued their AI-inspired rally, while focus in Europe is on oil companies.Companies mentioned: Cisco Systems, L3Harris Technologies, Paramount Skydance, Warner Bros Discovery

2025 was a unique year for markets. Natalie Gill, Portfolio Strategist at the BlackRock Investment Institute, unpacks the three key lessons we see for 2026.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©2026 BlackRock, Inc. All Rights Reserved. BLACKROCK is a registered trademark of BlackRock, Inc. All other trademarks are those of their respective owners.BII0126-5094604

President Trump threatens further strikes on Venezuela should the acting leadership refuse to cooperate following the capture and removal of President Nicolas Maduro. Oil opens lower on the first trading day since the U.S. incursion after President Trump says American companies will spend billions of dollars to revive Venezuelan production. Trump also issued warnings to the leaders of Cuba and Colombia and said the U.S. needed control of Greenland for issues of national security. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Mark Thornton kicks off 2026 with the new Minor Issues prediction contest (stocks vs. manure) and a hard look at the monetary-metals squeeze. Mark explains why $50 silver triggered “growing pains”: spot–futures disconnects, margin hikes, empty coin shops, and weird retail premiums. As investor demand collides with industrial stockpiling, price spikes invite political scapegoating (“hoarders!”) and intervention that backfires. Expect more meddling before genuine market adjustments can work.Enter the 2026 Stocks vs. Manure Prediction Contest at https://mises.org/form/stocks-vs-manure-2026Be sure to follow Minor Issues at https://Mises.org/MinorIssues

US equity futures point to a firmer open, with Asian markets broadly higher and European equities trading mostly firmer. Today focus is on continued pressure in US equities after the S&P 500 and Nasdaq fell for a fourth straight session, even as markets closed out 2025 with double-digit annual gains; Attention also remains on the US macro backdrop after initial jobless claims came in below consensus, reinforcing views of a still-resilient labor market and shaping expectations for the Fed's rate-cut path in 2026; Moreover, investor sentiment is weighing fading year-end seasonal support against longer-term positives, with markets now looking ahead to early-January ISM, labor market data, and broader confirmation of growth momentum.Companies Mentioned: Apple, Critical Metals

European equities kick off the first trading day of the new year on a positive note, with the FTSE 100 breaking past 10,000 points for the first time. U.K. house prices unexpectedly fell in December according to data from Nationwide, which is the weakest growth since April 2024. And, we discuss the outlook for the Federal Reserve in 2026, with a new chair, further questions over its independence and an AI boom all in its in-tray.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Andy shares his thoughts and commentary about 2025 returns and events for:U.S. stocksInternational stocksU.S. bondsGold & SilverBitcoinLinks in this episode:Tenon Financial monthly e-newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.comTo send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com

European markets start the final trading day of the year relatively flat, but the benchmark Stoxx 600 remains on course to notch its best annual performance since 2021. Silver prices move lower following a volatile year which has seen the precious metal rise by more than 150 per cent. Ukraine continues to deny an alleged drone attack on President Putin's compound in the north-western Novgorod region while Russia deploys nuclear-capable ‘Oreshnik' ICBMs to Belarus.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

European markets edge into the green with the Stoxx 600 still on course to notch its best annual performance since 2021. Investors are now awaiting minutes from the FOMC later today. Russia vows to respond, following alleged Ukrainian drones targeting President Putin's state residence in the northwestern Novgorod region, which threatens to derail peace talks between the two countries. Precious metal prices move higher with copper leading the charge, recording its highest annual rise in more than 15 years.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This conversation dives into inflation, affordability, and why the Federal Reserve's next moves will shape markets heading into 2026. We unpack Trump's pressure on interest rates, the politics behind choosing the next Fed chair, and how global liquidity—from AI-driven growth to the yen carry trade—ripples through stocks, currencies, and crypto. Along the way, we explore why Bitcoin's stalled momentum may be a contrarian signal rather than the end of the story. Michael Novogratz is the Founder and CEO of Galaxy Digital. He was formerly a Partner and President of Fortress Investment Group LLC. Mr. Novogratz served on the New York Federal Reserve's Investment Advisory Committee on Financial Markets from 2012 to 2015. He serves as the Chairman of The Bail Project and has made criminal justice reform a focus of his family's foundation. Follow Anthony on X: ⁠⁠⁠https://x.com/Scaramucci⁠⁠⁠ Follow Novo on X: ⁠⁠⁠https://x.com/novogratz⁠⁠⁠ Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Precious metals are seeing profit taking this morning after a strong rally last week saw the likes of gold and silver continue their strong years. On the flip side, cyptocurrencies are higher today, after a fourth quarter rout had previously spoiled any hopes of a Santa rally. Geopolitics continues to dominate the holiday period, with Trump and Zelenskyy meeting this past weekend at the White House to hammer out the details of a potential peace deal. The two leaders praised progress in negotiations, with Zelenskyy emphasing the strides made on security guarentees, a key sticking point for his country and the Europeans. Elsewhere, Ubisoft dives after one of its games was hacked over Christmas. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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European markets see meagre trading volumes this Christmas Eve but the Stoxx 600 is due to record its best annual trading performance since 2021. The U.S. GDP data comes in far hotter than expected, prompting investors to dial down expectations of a Fed rate cut while the S&P 500 sees yet another record session. BP shares surge after the British oil giant sells off its majority stake in its Castrol lubricants unit to U.S. infrastructure firm Stonepeak for $6bn. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Hi, and welcome to The Long View. I'm Dan Lefkovitz, strategist for Morningstar Indexes. In this episode, we'll share some of our favorite clips from 2025 interviews with portfolio managers, economists, and investment researchers. It's a companion to Christine Benz's “Best Of” episode featuring highlights from conversations with financial planners, advisors, and retirement researchers. We'll begin with some prescient words from Hendrik du Toit, co-founder of global investment manager, Ninety One, who spoke to Christine Benz and me at the start of the year from Cape Town, South Africa. Hendrik talked about the appeal of emerging-markets investments, both debt and equity, asset classes that went on to have good years in 2025.“Hendrik du Toit: ‘Small Things Can Make a Big Difference,'” The Long View podcast, Morningstar.com, Jan. 21, 2025.“Cliff Asness: ‘The Problem Was Never Beta. The Problem Was Paying Alpha Fees for Beta,'” The Long View podcast, Morningstar.com, July 29, 2025.“Vincent Montemaggiore: ‘The Two Best Defenses Against Tariffs Are a High-Gross Profit Margin and Pricing Power,'” The Long View podcast, Morningstar.com, April 15, 2025.“Louis-Vincent Gave: ‘The Future Is Being Built Over There,'” The Long View podcast, Morningstar.com, Feb. 25, 2025.“Jason Zweig: Revisiting ‘The Intelligent Investor,'” The Long View podcast, Morningstar.com, May 27, 2025.“Mike Pyle: Looking for Uncorrelated Sources of Return,” The Long View podcast, Morningstar.com, Oct. 14, 2025.“Neal Shearing: The World Isn't Deglobalizing; It's Fracturing,” The Long View podcast, Morningstar.com, Aug. 26, 2025.“Sudarshan Murthy: ‘These Countries Are in Much Better Shape Than They Were 10 Years Back,'” The Long View podcast, Morningstar.com, March 25, 2025.“Joe Davis: How to Capitalize on ‘Megatrends,'” The Long View podcast, Morningstar.com, Sept. 2, 2025.“Callie Cox: A Student Teacher of Financial Markets,” The Long View podcast, Morningstar.com, Nov. 11, 2025.“Brian Selmo: ‘Winning by Not Losing,'” The Long View podcast, Morningstar.com, July 15, 2025.“Daniel Rasmussen: ‘Be Very Wary of Illiquid Asset Classes,'” The Long View podcast, Morningstar.com, May 6, 2025.“Eric Jacobson: The Entire Face of the Bond Market Has Changed,” The Long View podcast, Morningstar.com, Nov. 25, 2025.“Barry Ritholtz: ‘How Not to Invest,'” The Long View podcast, Morningstar.com, Oct. 7, 2025.“John Rekenthaler: ‘The House Is With You When You're Investing,'” The Long View podcast, Morningstar.com, Jan. 28, 2025. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Mike and I discuss why we're "nervous bulls" on markets—with the Fed cutting rates and Trump pumping money into the economy, valuations look attractive, but an exploding wealth inequality gap and growing political backlash could trigger a revolution that ends the bull market. We dive into housing affordability (half of America earns below what's needed to buy a home), tokenization's global impact, Abu Dhabi's rise as a financial hub, and what economic warning signs would make us turn bearish.

S&P futures are pointing to a flat open today ahead of data on durable goods orders and Q3 GDP updates. Asian equities ended mostly higher on Tuesday, though momentum faded in afternoon trade. Japan's Nikkei was flat, while the Topix saw modest gains. Greater China markets were narrowly mixed. European markets are modestly higher in early trades.Companies Mentioned: NVIDIA

The Stoxx 600 reaches a new intra-day high with investors now anticipating the U.S. GDP print later today. Drug giant Novo Nordisk sees its shares soar as it seeks to gain U.S. approval for the pill-form version of its weight-loss drug Wegovy. President Trump has reiterated previous calls for acquiring Greenland from Denmark for national security reasons as he appoints a new envoy to the Arctic territory. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This week, the focus is on diversification—and why it's getting harder to achieve. Portfolio Strategist Natalie Gill explains how the “diversification mirage,” a key theme in BII's 2026 outlook, is now showing up in real time. A small set of megaforces is increasingly dictating equity performance, meaning traditional attempts to diversify—whether toward equal-weighted indices or new regions—can amount to larger active positions than many investors realize.Natalie also breaks down how rising developed-market bond yields challenge the long-held assumption that long-term bonds reliably balance portfolios. Fiscal strains, shifting central bank stances, and policy divergence between the U.S. and other economies further complicate the diversification picture. As bond volatility rises and a small number of equity drivers dominate returns, investors may need to reconsider how and where true diversification can be found.The episode also highlights the growing disconnect between the Federal Reserve's policy posture and the more hawkish tone across Australia, Canada, and Japan—where fiscal dynamics and reopening risks are influencing long-term rates. These divergences, paired with delayed U.S. labor data and inflation considerations, shape the macro backdrop as markets enter the new year.Key Insights· Diversification is increasingly difficult as a handful of megaforces drive global equity performance.· Traditional diversifiers—such as long-term government bonds—provide less balance amid rising yields.· Policy divergence between the U.S. and other major central banks is creating new cross-market risks.· Fiscal concerns are influencing yield curves, particularly in Japan and the UK.· Portfolios may require more deliberate, active decisions and alternative sources of return to achieve true diversification. diversification, megaforces, capital markets, macro trends, bond yields, portfolio balance, market outlookThis content is for informational purposes only and is not an offer or a solicitation. Reliance upon information in this material is at the sole discretion of the listener. Reference to any company or investment strategy mentioned is for illustrative purposes only and not investment advice. In the UK and non-European Economic Area countries, this is authorized and regulated by the Financial Conduct Authority. In the European Economic Area, this is authorized and regulated by the Netherlands Authority for the Financial Markets. For full disclosures, visit blackrock.com/corporate/compliance/bid-disclosures.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

US equity futures point to a modestly firmer open, while Asian markets traded broadly higher and European equities edged up. Today focus is on disinflation momentum and central bank cross-currents, after a softer-than-expected US core CPI reinforced the dovish Fed narrative and helped drive a rebound in technology and AI-linked stocks; Attention remains on Japan after the Bank of Japan delivered a widely expected rate hike while maintaining accommodative guidance, weakening the yen and pushing JGB yields above 2%; AI sentiment remains a key driver following Micron's upbeat outlook and renewed optimism around AI funding and capex, even as markets continue to reassess the durability and monetization path of the AI trade.Companies Mentioned: OpenAI, TikTok, NVIDIA

US equity futures point to a mixed open, with Asian markets mostly lower and European equities trading slightly higher. Today focus is on continued risk aversion in US equities. Moreover, the global rate backdrop remains a headwind as markets digest a hawkish tilt in central bank expectations, with investors increasingly focused on upcoming US inflation data and jobless claims for confirmation on whether policy easing can resume next year. In addition, corporate developments remained in focus as Micron guided above expectations and lifted medium-term capital expenditure plans tied to HBM demand, offering selective support to memory-related names but failing to offset broader concerns around AI monetization, positioning fatigue, and elevated valuations.Companies Mentioned: OpenAI, Warner Bros. Discovery, lululemon athletica

Patricia and Christian talk to Professor Steven Hail about some of the tricky questions progressive leaders and activists are facing. The conversation explores Zack Polanski's bold media messaging, bond market myths, and the historic opportunity for MMT-informed politics in the UK.   Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   LIVE EVENT! THE FAUXBEL PRIZE IN ECONOMICS 2026

Patricia and Christian talk to Professor Steven Hail about some of the tricky questions progressive leaders and activists are facing. The conversation explores Zack Polanski's bold media messaging, bond market myths, and the historic opportunity for MMT-informed politics in the UK.   Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   LIVE EVENT! THE FAUXBEL PRIZE IN ECONOMICS 2026

You might have heard this week the investment of billions of private dollars from the Dell family in a new "Trump account" for American babies and minors. The Assistan Secretary for Financial Markets at the U.S. Treasury - Luke Pettit joins the show to explain how it works and how you or your kids can qualify. In Michigan, another big senate seat is up for grabs and the Republican who got close last time is trying again - veteran and former Congressman Mike Rogers joins Stigall. We also talk with legislators from Indiana like Erin Houchin doing interesting work to combat minors accessing social media without parental consent. And Congressman Andy Biggs who's running for governor in Arizona discusses census reforms around illegal immigration and what it's done to costs of everything in the country. Plus, Stigall is challenged by a caller who says he's not speaking out about some podcasters' claims surrounding Charlie Kirk's murder. Let's just say, it set Stigall off! -For more info visit the official website: https://chrisstigall.comInstagram: https://www.instagram.com/chrisstigallshow/Twitter: https://twitter.com/ChrisStigallFacebook: https://www.facebook.com/chris.stigall/Listen on Spotify: https://tinyurl.com/StigallPodListen on Apple Podcasts: https://bit.ly/StigallShowSee omnystudio.com/listener for privacy information.