Podcasts about global head

In this episode, we shine a light on one of the most powerful yet misunderstood sectors in finance - commodities. Joined by Lauren Haymond, Global Head of Talent Strategy at Castleton Commodities International (CCI), we unpack what makes this industry uniquely dynamic and ripe with opportunity for early career talent.Lauren shares her personal journey from headhunting to high finance, and breaks down the various roles beyond trading, including risk management, data science, and operations. Discover how CCI fosters rapid career growth, the traits and technical skills that make candidates stand out, and how to navigate emotional resilience in high-pressure roles.Whether you're a student exploring career options or a young professional aiming to make a meaningful impact, this episode offers invaluable advice on learning agility, proactivity, and how to build lasting industry connections, especially if you're starting from scratch.Listen in and get inspired to consider a future in commodities.(00:00) Introduction and Topics in Focus(00:48) Lauren's Background in Hiring & Talent(01:54) The Unique Aspects of Commodities(07:06) What is Flow & Fundamentals in Trading(08:54) Skills and Traits for Success in Commodities(11:19) Understanding Roles in Commodities Trading(14:20) The Importance of Collaboration at Work(15:20) Best Practice in your Early Career(17:48) Building Emotional Resilience(22:26) The Value of Learning Agility(25:11) Networking and Career Development in Finance(28:28) Recommended Resources for Commodities(30:45) What is Principle Investing?Find out more about careers at CCI Follow Anthony and AmplifyME on LinkedIn

Although tariff negotiations continue, deals are being made, shifting investor focus on assessing the fallout. Our Global Head of Fixed Income Research and Public Policy Strategy Michael Zezas and Chief U.S. Economist Michael Gapen consider the ripple effects on inflation and the bond market. Read more insights from Morgan Stanley.----- Transcript -----Michael Zezas: Welcome to Thoughts on the Market. I'm Michael Zezas, Global Head of Fixed Income Research and Public Policy Strategy. Michael Gapen: And I'm Michael Gapen, Chief U.S. Economist. Michael Zezas: Today, how are tariffs impacting the economy and what it means for bond markets? It's Wednesday, August 13th at 10:30am in New York. Michael, we've been talking about how the near-term uncertainty around tariff levels has come down. Tariff deals are, of course, still pending with some major U.S. trading partners like China; but agreements are starting to come together. And though there's lots of ways they could break over time, in the near-term, deals like the one with Europe signal that the U.S. might be happy for several months with what's been arranged. And so, the range of outcomes has shrunk. The U.S.' current effective tariff rate of 16 percent is about where we thought we'd be at year end. But that's substantially higher than the roughly 3 percent we started the year with. So, not as bad as it looked like it could have been after tariffs were announced on April 2nd, but still substantially higher. Now's the time when investors should stay away from chasing tariff headlines and guessing what the President might do next; and instead focus on assessing the impact of what's been done. With that as the backdrop, we got some relevant data yesterday, the Consumer Price Index for July. You were expecting that this would show some clear signs of tariffs pushing prices higher. Why was that? Michael Gapen: Well, we did analysis on the 2018-2019 tariff episode. So, in looking at the input-output tables, which give you an idea of how prices move through certain sectors of the economy, and applying that to the 2018 episode of tariffs – we got the result that you should see some tariff inflation in June, and then sequentially more as we move into the late summer and the early fall. So, the short answer, Mike, is a model based plus history-based exercise – that said yes, we should start seeing the effects of tariffs on those categories, where the direct effect is high. So that'd be most of your goods categories. Over time, as we move into later this year or early next year, it'll be more important to think about indirect effects, if any. Michael Zezas: Got it. So, the July CPI data that came out yesterday, then did it corroborate this view? Michael Gapen: Yes and no. So, I'm an economist, so I have to do a two-handed view on this. So yes… Michael Zezas: Always fair. Michael Gapen: Always, yes. So, yes, core goods prices rose by two-tenths on the month, in June they also rose by two-tenths. Prior to this goods' prices were largely flat with some of the big durables, items like autos being negative, right? So, we had all the give back following COVID. So, the prior trend was flat to negative. The last two months, they've shown two-tenths increases. And we've seen upward pressure on things like household furnishings, apparel. We saw a strong used car print this month, motor vehicle and repairs. So, all of that suggests that tariffs are starting to flow through. Now, we didn't – on the other hand – is we didn't get as much as we thought. New car prices were flat and maybe those price increases will be delayed until models – the 2026 models start hitting the lot. That would be September or later. And we didn't actually; I said apparel. Apparel was up stronger last month. It really wasn't up all that much this month. So, the CPI data for July corroborated the view that the inflation pass through is happening. Where I think it didn't answer the question is how much of it are we going to get and should we expect a lot of it to be front loaded? Or is this going to be a longer process? Michael Zezas: Got it. And then, does that mean that tariffs aren't having the sort of aggregate impact on the economy that many thought they would? Or is maybe the composition of that impact different? So, maybe prices aren't going up so much, but companies are managing those costs in other ways. How would you break that down? Michael Gapen: We would say, and our view is that, yes, you know, we have written down a forecast. And we used our modeling in the 2018-20 19 episode to tell us what's a reasonable forecast for how quickly and to what degree these tariffs should show up in inflation. But obviously, this has been a substantial move in tariffs. They didn't start all at once. They've come in different phases and there's a lot of lags here. So, I just think there's a wide range of potential outcomes here. So, I wouldn't conclude that tariffs are not having the effect we thought they would. I think it's way too early and would be incorrect to conclude, just [be]cause we've had relatively modest tariff pressures in June and July, inflation that we can be sanguine and say it's not a big deal and we should just move on.Michael Zezas: And even so, is it fair to say that there's still plenty of evidence that this is weighing on growth in the way you anticipated? Michael Gapen: I think so. I mean, it's clear the economy has moderated. If we kind of strip out the volatility and trade and inventories, final sales to domestic purchasers 1.5 in the first quarter. It was 1.1 in the second quarter, and a lot of that slowdown was related to spending by the consumer. And a slowdown in business spending. So that that could be a little more, maybe about policy uncertainty and not knowing exactly what to do and how to plan. But it also we think is reflected in a slowdown, in the pace of hiring. So, I would say, you got the policy uncertainty shock first. That also came through the effect of the April 2nd Liberation Day tariffs, which probably caused a freeze in hiring and spending activity for a bit. And now I would say we're moving into the part of the world where the actual increase in tariffs are going to happen. So, we'll know whether or not firms can pass these prices along or not. If they can't, we'll probably get a weaker labor market. If they can, we'll continue to see it in inflation.But Mike, let me ask you a question now. You've had all the fun. Let me turn the table. Michael Zezas: Fair enough. Michael Gapen: How much does it matter for you or your team, whether or not these tariffs are pushing prices higher? And/or delaying cuts from the Fed. How do you think about that on your side? Michael Zezas: Yeah, so this question of composition and lags is really interesting. I think though that if the end state here is as you forecast – that we'll end up with weaker growth, and as a consequence, the Fed will embark on a substantial rate cutting program. Then the direction of travel for bond yields from here is still lower. So, if that's the case, then obviously this would be a favorable backdrop for owners of U.S. treasury bonds. It's probably also good news for owners of corporate credit, but the story's a bit trickier here. If yields move lower on weaker growth, but we ultimately avoid a recession, this might be the sweet spot for corporate credit. You've got fundamental strength holding that limits credit risk, and so you get performance from all in yields declining – both the yield expressed by the risk-free rate, as well as the credit spread. But if we tipped into recession, then naturally we'd expect there to be a repricing of all risk in the market. You'd expect there to be some expression of fundamental weakness and credit spreads would widen. So, government bonds would've been a better product to own in that environment.But, of course, Michael, we have to consider alternative outcomes where yields go higher, and this would turn into a bad environment for bond returns that would appear to be most likely in the scenario where U.S. growth actually ticks higher, resetting expectations for monetary policy in a more hawkish direction.So, what do you think investors should watch for that would lead to that outcome? Is it something like an AI productivity boom or maybe something else that's not on our radar? Michael Gapen: Yeah, so I think that is something investors do have to think about; and let me frame one way to think about that – where ex-post any easing by the Fed as early as September might be retroactively viewed as a policy mistake, right? So, we can say, yes, tariffs should slow down growth and maybe that happens in the second half of this year. The Fed maybe eases rates as a pre-emptive measure or risk management approach to avoid too much weakness in the labor market. So even though the Fed is seeing firming inflation now, which it is. It could ease in September, maybe again in December [be]cause it's worried about the labor market. So maybe that's what dominates 2025. And, and like you said, perhaps in the very near term, continues to pull bond prices lower. But what if we get into 2026 and the tariff effect or the tariff drag on growth fades, and the consumer begins to accelerate. So, we don't have a recession, we just get a bit of a divot in growth and then the economy recovers. Then fiscal policy kicks in, right? We don't think the One Big, Beautiful Bill act will provide a lot of stimulus, but we could be wrong. It could kickstart animal spirits and bring forward a lot of business spending. And then maybe AI, as you said; that could be a combining factor and financial conditions would be very easy in that world, in part – given that the Fed has eased, right? So that that could be a world where, you know, growth is modest, but it's firming. Inflation that's moved up to about 3 percent or maybe a little bit higher later this year kind of stays there. And then retroactively, the problem is the Fed eased financial conditions into that and inflation's kind of stuck around 3 percent. Bond yields – at least the long end – would probably react negatively in that world. Michael Zezas: Yeah, that makes perfect sense to us. Well, Michael, thanks for taking the time to talk with me. Michael Gapen: Thanks for having me on, Mike. Michael Zezas: And to our audience, thanks for listening. If you enjoy Thoughts on the Market, please leave us a review and tell your friends about the podcast. We want everyone to listen.

Dr. Serena Goncalves-Firsh, the Global Head of Talent at SoftwareOne, shares her refreshingly candid perspective on the evolving role of Learning and Development (L&D) in today's organizations.You'll hear her challenge traditional approaches to employee learning, advocate for seamless integration between learning, talent, DEIB, and performance, and call out industry complacency.Serena also shares how her small but mighty team serves 14,000 employees across the globe by staying closely attuned to actual business needs and leveraging the power of data and AI—not just for content creation, but for true predictive insights.Listen in for a fascinating discussion that covers everything from the purpose of L&D, how technology is reshaping talent strategies, to the importance of connecting learning directly to organizational impact.  You will want to hear this episode if you are interested in...[00:00] Integrated learning & talent strategy.[09:10] Rethinking organizational learning approaches.[21:47] Defining HR's role in automation.[29:04] Streamlining your learning and development team.[31:23] Creating GCP learning journeys.[34:49] Diversity, equity, and inclusion (DEI) in workplace policy.[40:34] AI's Role in boosting efficiency and elevating humanity.[47:08] Organizations as continuous learners.Resources & People MentionedCurious Advantage by Paul Ashcroft, Simon Brown and Garrick JonesThe 70:20:10 InstituteLori Niles-Hofmann on LinkedInJay Wetterau on LinkedIn Nigel Paine Learning Technologies Awards Connect with Dr. Serena Gonsalves-FerschDr. Serena Gonsalves-Fersch, FLPI on LinkedIn Connect With Red Thread ResearchWebsite: Red Thread ResearchOn LinkedInOn FacebookOn TwitterSubscribe to WORKPLACE STORIES

In today's Cloud Wars Minute, I cover Snowflake's investment in Hightouch to advance agentic AI for personalized marketing.Highlights00:03 — Snowflake Ventures, the investment arm of Snowflake, alongside Capital One Ventures, has announced an investment in Hightouch, a data and AI platform focused on personalized, targeted marketing. In 2024, Hightouch launched an agentic AI solution for lifecycle marketing called AI Decisioning.00:35 — Adam Kaufman, Vice President, Global Head of Industry Go To Market at Snowflake, shared insights about the investment: "By building directly on top of Snowflake's unified platform for data and AI, Hightouch enables marketers to execute faster with less complexity and more control. We're excited to support their continued growth and innovation in the AI Data Cloud."01:08 — This investment represents the confidence that major players like Snowflake have in agentic AI for marketing use cases. Interestingly, agentic AI for marketing was one of the first use cases to be discussed when the technology emerged not so long ago, and has obvious applications, particularly in the area of personalization.01:31 — However, this level of AI-driven personalization comes with its challenges, like data privacy regulations — especially regarding consent, transparency in decision making, and data security. This investment by Snowflake Ventures is encouraging because it should help shape the direction of agentic AI-driven marketing. Visit Cloud Wars for more.

Vogue's Deputy Editor Taylor Antrim is taking over the podcast! The September Issue is out now and he's first joined by Virginia Smith, Global Head of Fashion Network to break down everything that went into making the issue come to life. From Grace Coddington and Nicolas Ghesquire longtime collaboration to working alongside André Leon Talley, they uncover what exactly goes into making the legendary issue.Then Taylor is joined by Jason Gay, who wrote the cover story on Emma Stone, and Alessandra Codinha, who wrote the feature on Call Her Daddy's Alex Cooper. Jason reflects on what it means to write a celebrity profile today while fully breaking down Emma Stone's new film Bugonia directed by the one and only Yorgos Lanthimos. Alessandra unpacks Alex Cooper's rise to podcast stardom and breaks down what might be next for her empire.  Learn about your ad choices: dovetail.prx.org/ad-choices

Send us a textSearch isn't just about Google anymore — and the fastest-growing search engine might already be on your phone. With 55% of consumers now starting their search journey on social platforms, TikTok is leading a massive shift in how people discover, evaluate, and buy.In this episode of FUTUREPROOF., Brian Torpey, TikTok's Global Head of Search Monetization Product Solutions and Operations, takes us inside how TikTok is redefining the search experience for a new generation. We dig into the platform's latest search ad products, the surprising ways consumers use TikTok to find answers, and how brands can harness TikTok's organic and paid tools to stay ahead.We also explore:Why TikTok search is fundamentally different from traditional search enginesHow Omnicom Media Group's partnership with TikTok is reshaping paid search strategiesWhat TikTok's search data reveals about real consumer intentThe opportunities (and challenges) for marketers in the “social-first” search eraWhether you're a marketer looking to future-proof your search strategy or just curious about how TikTok is quietly becoming a search powerhouse, this is one episode you don't want to miss.

Continuing a four-part series on debt sustainability: Europe has a strong legacy of fiscal discipline, but often at the cost of productive investment. Lauren Goodwin and Julia Hermann host Florence Pisani, Chief Economist of Candriam, and Nicolas Jullien, Global Head of Fixed Income at Candriam, to discuss the future of debt sustainability in Europe.  

Bridget Evans joined Spotify in August 2023 and holds the position of Global Head of Advertising Business Marketing for Spotify. Before Spotify, Bridget held the role of Head of Business Marketing for the Family of Apps at Meta, leading efforts to help brands see the full potential of Instagram, Facebook, and Threads to drive their business objectives. She has 13+ years of experience pushing brands forward with digital-first strategies. Prior to Meta, Bridget led consumer marketing, content, and affiliate for Amazon Fashion. Previously, she served as vice president of account strategy at Vaynermedia, where she married creative and media to develop brand and DR campaigns for companies like Coach, Sour Patch Kids, Birchbox, and JP Morgan Chase.She has correctly guessed Worldle on her first attempt at least three times, and currently lives in New York.

This year at the All Things Sustainable podcast, we've heard from many professionals who are uncertain about the future of climate action and sustainability and what's ahead for their careers.   We've also heard from numerous companies that continue to pursue their sustainability strategies and climate targets, even as some are talking about this less in public or changing the language they use to describe their efforts. In today's episode, we're asking: How are sustainability professionals weathering the storm?   We speak to three guests on the sidelines of an event the UN Global Compact Mexico hosted in June:   We talk with Jill Dumain, founding partner at the corporate sustainability consultancy Fractal CSOs and former Director of Global Environmental Strategy at outdoor clothing and gear company Patagonia. She says the current headwinds are a temporary setback.   "It's very easy for all of us to be myopic around this moment in time: ‘The sky is falling in. Everything is against us,'" Jill says. "But in the grand scheme of things over an arc of 15 or 20 years, this is a little bump in the road."  We sit down with Simon Mainwaring, Founder and CEO of strategic brand consultancy We First, who explains why the current moment presents an opportunity.   “We got out over our skis a little bit in terms of acronyms and making it a little bit wonkish and heady, and that not only alienated a lot of people ... it set ourselves up to be politicized in a way that didn't really serve the intent behind this work,” Simon tells us. "As a result, we're being forced to walk back some of that wonkish language and reframe our language to reach back and take people with us.”   And we hear from Christopher Lilholm, Global Head of ESG and Sustainability Services at DNV, an assurance and risk management firm.   Listen to our episode How companies in Latin America are embedding sustainability amid shifting dynamics  Listen to our episode ..   Explore how companies are approaching sustainability via S&P Global Sustainable1's Corporate Sustainability Assessment data.  The All Things Sustainable podcast from S&P Global will be an official media partner of The Nest Climate Campus during Climate Week NYC. Register free to attend here.  This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global.    Copyright ©2025 by S&P Global      DISCLAIMER     By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.      Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).      This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.      S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.

RecOps & AI: TECHNIQUES TO ACCELERATE AI ADOPTION   Recruitment Operations developed as a distinct function with Talent Acquisition with a purpose of ensuring the entire recruiting function operated as efficiently and as resiliently as possible. This was BEFORE the advent of Artificial Intelligence, so what is the situation in 2025 when AI powered efficiency are the No1, 2 and 3 priorities for almost every business?   We're going to be speaking with Ops leaders to find out how RecOps teams have helped TA functions accelerate their adoption of AI.   - What is RecOps in 2025? - What is the relationship between RecOps and the other functions in Talent Acquisition? - Order business: what are the items of work RecOps professionals do? - What makes a RecOps function a high performing one? - Can we measure RecOps efficacy from the performance of those they are supporting? - How does having an independent RecOps function accelerate technology? - What are the unique differences between AI adoption and adoption of other categories of technology? - How do you ensure tech implementation is a success? - How do you increase utilisation of tech products? - Do you get involved in decision making as to what gets automated? - What are the skills required to be an effective RecOps professional? - How do you see the function evolve in a future of workforce where humans are augmented by AI colleagues?   All this and more with Mark Harman, Global Head of Recruitment Operations (Wise), Victoria Murphy,Global Head TA Operations (JLL) & Stephen Collopy, Head of Talent Operations & Enablement (Delivery Hero)   We are on Friday 8th August, 2pm BST / 9ET - follow the channel here (recommended) and save your spot for this demo by clicking on the green button.     Ep322 is sponsored by our friends Teamtailor   Great teams start with great hiring — and that's exactly what Teamtailor is built for.   Loved by companies like Happy Socks, OneFlow, Oatly, and Five Guys, Teamtailor is the all-in-one recruitment platform trusted by over 10,000 businesses and 150,000 recruiters worldwide.   It combines a powerful ATS with fully customizable, AI-powered tools to elevate your employer brand and deliver a standout candidate experience.   From career sites to collaboration workflows, Teamtailor helps talent teams move faster, work smarter, and create hiring journeys that people actually enjoy — candidates and hiring managers alike.   See how top teams are hiring better with Teamtailor:   Experience the magic today!

We kick off the show with Carl Rutstein, SVP and Global Head of Consulting & Analytics at Visa, to talk about protecting business from cyberthreats. We'll learn all about its new Cybersecurity Advisory Practice, which provides guidance and support to businesses on managing cyber risksSpeaking protection, Michal Salát, Director of Threat Research at Norton, shares takeaways from the company's Cyber Safety Insights Report – this time on “Connected Kids.” You're not going to want to miss that chat, especially if you have kids, grandkids, or nieces/nephewsI'll also play an interview recorded at AWS re:Invent about ‘Sign Speak.' which provides AI-powered American Sign Language (ASL) tools to enhance communication between Deaf/Hard of Hearing and hearing individuals — built by the community, for the community. I sit down with CEO Yami PayanoThank you to Visa and Sandisk for your support!

Microsoft warns of a high-severity vulnerability in Exchange Server hybrid deployments. A Dutch airline and a French telecom report data breaches. Researchers reveal new HTTP request smuggling variants. An Israeli spyware maker may have rebranded to evade U.S. sanctions. CyberArk patches critical vulnerabilities in its secrets management platform. The Akira gang use a legit Intel CPU tuning driver to disable Microsoft Defender. ChatGPT Connectors are shown vulnerable to indirect prompt injection. Researchers expose new details about the VexTrio cybercrime network. SonicWall says a recent SSLVPN-related cyber activity is not due to a zero-day. Ryan Whelan from Accenture is our man on the street at Black Hat. Do androids dream of concierge duty? Remember to leave us a 5-star rating and review in your favorite podcast app. Miss an episode? Sign-up for our daily intelligence roundup, Daily Briefing, and you'll never miss a beat. And be sure to follow CyberWire Daily on LinkedIn. CyberWire Guest We continue our coverage from the floor at Black Hat USA 2025 with another edition of Man on the Street. This time, we're catching up with Ryan Whelan, Managing Director and Global Head of Cyber Intelligence at Accenture, to hear what's buzzing at the conference. Selected Reading Microsoft warns of high-severity flaw in hybrid Exchange deployments (Bleeping Computer) KLM suffers cyber breach affecting six million passengers (IO+) Cyberattack hits France's third-largest mobile operator, millions of customers affected (The Record) New HTTP Request Smuggling Attacks Impacted CDNs, Major Orgs, Millions of Websites (SecurityWeek) Candiru Spyware Infrastructure Uncovered (BankInfoSecurity) Enterprise Secrets Exposed by CyberArk Conjur Vulnerabilities (SecurityWeek) Akira ransomware abuses CPU tuning tool to disable Microsoft Defender (Bleeping Computer) A Single Poisoned Document Could Leak ‘Secret' Data Via ChatGPT (WIRED) Researchers Expose Infrastructure Behind Cybercrime Network VexTrio (Infosecurity Magazine) Gen 7 and newer SonicWall Firewalls – SSLVPN Recent Threat Activity (SonicWall) Want a Different Kind of Work Trip? Try a Robot Hotel (WIRED) Audience Survey Complete our annual audience survey before August 31. Want to hear your company in the show? You too can reach the most influential leaders and operators in the industry. Here's our media kit. Contact us at cyberwire@n2k.com to request more info. The CyberWire is a production of N2K Networks, your source for strategic workforce intelligence. © N2K Networks, Inc. Learn more about your ad choices. Visit megaphone.fm/adchoices

Just when inflation was within striking distance of the Federal Reserves monetary policy target of 2%, allowing them to begin cutting rates last year, tariffs as a forceful policy choice of the US administration. Higher import duties have disrupted plans to ease rates and extend the soft landing of the US economy further. Tariffs also now appear to have introduced high uncertainty in the US labor market and the staffing plans of corporations, creating a potential demand-side dampening of any inflation that tariffs and still-constrained labor supply might create. Which way do we head from here? Michael Metcalfe, Global Head of Macro Strategy at State Street Markets, joins the podcast once more with his read of what faster-moving, alternative measures of data are suggesting.See omnystudio.com/listener for privacy information.

Leadership growth doesn't happen by accident—it happens when you shift from doing the work to empowering others, building trust, and leading with heart. In this episode, Emily Portney shares lessons from her 30-year career in financial services—from starting as a rotational analyst at J.P. Morgan to becoming CFO of Barclays International, CFO of BNY Mellon, and now Global Head of Asset Servicing at BNY. Emily opens up about how she learned to delegate, lead through uncertainty, and create safe spaces for bold conversations. She shares why curiosity is her leadership superpower, how building trusted teams fuels growth, and why giving yourself grace is just as important as driving results. Tune in to discover how to lead with influence, build resilience in the face of change, and become the kind of leader people trust and follow. Visit our website where you will find show notes and links to all the resources in this episode, including the best way to get in touch with our special guest. The key moments in this episode are: [00:00] Introduction to Beyond Barriers Podcast [00:27] Building Effective Teams [01:17] Introducing Emily Portney [02:14] Emily's Career Journey [03:40] Leadership Lessons and Styles [09:39] Navigating Change and Adaptability [15:20] Personal Branding and Authenticity [18:18] Building Confidence and Resilience [24:32] Navigating Unaskable Questions [26:02] Making Difficult Decisions [27:37] Managing a Dynamic Schedule [32:55] Building Strong Relationships [35:36] Mentorship and Sponsorship [39:03] Lightning Round and Final Thoughts

The CPGGUYS are joined LIVE from Cannes Lions international festival at Cannes, France by Emily O'Hara, VP Global Head of Brand and Media at eBay and Lisa Clunie, co-founder & CEO of the agency Joan. This episode focuses on the partnership between an agency and how a relationship with a brand helps develop its long term equity.Find Emily O'Hara on Linkedin at : Find Ebay on Linkedin at : Find Lisa Clunie on Linkedin at : Find JOAN on Linkedin at : Here's what we asked them : Emily - Most people don't immediately think of eBay in the CPG context. How are you shifting that narrative, and where does eBay fit in the modern commerce ecosystem?Lisa - How do you approach brand storytelling differently for platforms like eBay, where community and culture play such a big role?”Both - What makes the eBay + JOAN partnership successful? How are you aligning around bold ideas while staying rooted in performance? What does success look like for you both? What are the KPIs that matter when you're balancing storytelling with commerce?Emily - How does brand voice show up on a marketplace like eBay? What does authenticity look like there? Can you share an example where storytelling, brand identity, and commerce came together really well on the platform?Lisa - How do you navigate brand control in a space like eBay, where sellers drive so much of the listing content and experience? What advice do you give them as  you navigate creative?Emily - What insights have surprised you the most about today's eBay shopper, especially from a CPG or lifestyle brand lens?Lisa - Are there tools or strategies you've used to show that non-traditional retail exposure drives long-term brand health?Both - How do you both see the role of marketplaces like eBay evolving in the future of CPG and brand marketing?Lisa – the future is already upon us, AI is here in practice? How does it impact creativity and personalization? Emily – how are you thinking about responsible AI for eBay and ensuring consumer trust as they use the platform?CPG Guys Website: http://CPGguys.comFMCG Guys Website: http://FMCGguys.comCPG Scoop Website: http://CPGscoop.comRhea Raj's Website: http://rhearaj.comLara Raj in Katseye: https://www.katseye.world/DISCLAIMER: The content in this podcast episode is provided for general informational purposes only. By listening to our episode, you understand that no information contained in this episode should be construed as advice from CPGGUYS, LLC or the individual author, hosts, or guests, nor is it intended to be a substitute for research on any subject matter. Reference to any specific product or entity does not constitute an endorsement or recommendation by CPGGUYS, LLC. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. CPGGUYS LLC expressly disclaims any and all liability or responsibility for any direct, indirect, incidental, special, consequential or other damages arising out of any individual's use of, reference to, or inability to use this podcast or the information we presented in this podcast.

n this episode, Kathryn talks with Lindsay Hanson, Chief Marketing Officer at John Hancock and Global Head of Behavioral Insurance at Manulife. They discuss how data can dispel business-damaging myths about the customer and the ways that John Hancock is better able to understand their customers through their data. Lindsay also dives into their use of data and behavioral science to engage customers and impact their health for the better. Guest Quote:“ We went ahead on this myth busting, myth busting trail. One, was that this was really going to be, our program was gonna be impacted by age. Older people may not want to engage over certain age groups. They're not digital, they're not gonna go onto your mobile app. And we said, okay, let's actually test that. And so we put our customers into different cohorts and we said, okay, let's separate them by decades. Every 10 years, let's take a look at it. And one of our highest engaged populations is between 70 and 80 of actually getting into our app. Four times a day, they're in our mobile app. And if I think of, as a consumer, how many apps am I going to four times a day? You don't think of life insurance or insurance in general.”Episode Breakdown: [02:06] Alchemy UnveiledBusting myths with data: Stories that are told about groups of consumers or different demographics may be false. Look to the data to determine how to best serve your customers, you may be surprised by what you learn. [16:57] From Nuggets to Campaign GoldCustomer stories as a catalyst for change: Strong stories campaigns will have a balance between head and heart, and for John Hancock, they also empower the consumer to take control of their health. [29:54] Gold Rush!Data and marketing is limitless: The opportunity is limitless. There are so many ways to leverage data in marketing, and the challenge is pulling the data together in a way that reaches your goals. Links & Resources:Connect with KathrynConnect with LindsayLearn more about DeluxeLearn more about John HancockMarketer's Alchemy Website: https://www.deluxe.com/resources/marketers-alchemy/

In this episode of The Long Game Podcast, Alex Burkett interviews Logan Freeman, Global Head of SEO at ManyChat. Together they explore the evolving landscape of SEO in the AI era, particularly the rise of GEO (Generative Engine Optimization) and how it's changing everything from keyword strategy to attribution modeling. Logan shares tactical approaches for optimizing content for LLMs (large language models), including using FAQ schemas, focusing on off-page visibility, and thinking like a product marketer. They discuss how brand mentions are now more powerful than backlinks, why traditional SEO tools fall short for GEO, and how Logan approaches measurement when attribution is nearly impossible. The episode also explores LLM perception, off-site trust-building, and creative ways SEOs can future-proof their strategies by merging content, digital PR, and productKey TakeawaysSEO vs. GEO: Traditional SEO focuses on keywords, while GEO requires optimizing for hyper-personalized, conversational queries used in LLMs.LLM Perception Is Real: How AI models “perceive” your brand based on off-site mentions can limit (or expand) your visibility in AI answers.Brand Mentions > Backlinks: In the world of AI search, brand visibility across trusted platforms outweighs classic SEO signals like links.SEO as Product Marketing: SEOs must deeply understand users and position content like a PMM would—focused on problems, personas, and differentiation.Dark Attribution Is Growing: Most traffic influenced by LLMs doesn't click through—making measurement harder and more reliant on referral glimpses and qualitative insights.Go Beyond On-Page Optimization: Embedding schema, FAQs, and latent questions can increase the odds of being cited in LLMs.Get Creative with PR: To influence LLM results, you may need broad digital and traditional PR campaigns that shift how your brand is referenced across the web.Show LinksVisit ManychatConnect with Logan Freedman on LinkedInConnect with Alex Birkett on LinkedIn and TwitterConnect with Omniscient Digital on LinkedIn or TwitterSome interviews you might enjoy and learn from:Actionable Tips and Secrets to SEO Strategy with Dan Shure (Evolving SEO)Building Competitive Marketing Content with Sam Chapman (Aprimo)How to Build the Right Data Workflow with Blake Burch (Shipyard)Data-Driven Thought Leadership with Alicia Johnston (Sprout Social)Purpose-Driven Leadership & Building a Content Team with Ty Magnin (UiPath)Also, check out our Kitchen Side series where we take you behind the scenes to see how the sausage is made at our agency:Blue Ocean vs Red Ocean SEOShould You Hire Writers or Subject Matter Experts?How Do Growth and Content Overlap?Connect with Omniscient Digital on social:Twitter: @beomniscientLinkedin: Be OmniscientListen to more episodes of The Long Game podcast here: https://beomniscient.com/podcast/

In this episode, Nicolas Cary, Co-Founder of Blockchain.com, is joined by Lesley Chavkin, Global Head of Public Policy at Paxos, for a deep dive into PAX Gold (PAXG) - a regulated, asset-backed token representing one fine troy ounce of gold. They explore how PAXG fits into Paxos' broader tokenization strategy, what sets it apart from traditional gold exposure, and how it's being used by traders, institutions, and regulators alike.From real-world utility to the future of tokenized commodities, this is your all-access look at how blockchain is modernizing gold.

Subscribe to the Inside Commerce newsletter:https://www.linkedin.com/newsletters/inside-commerce-7126171854813188096/Episode summary:Imagine walking into a store, stepping onto a scanner, and instantly unlocking a personalised journey that follows you from the shop floor to your phone and beyond. That's the reality Vivobarefoot is building with its MyVivo CRM project - a bold step toward a seamless, omnichannel customer experience.The MyVivo experience begins in-store, where customers are invited to take a foot scan. This isn't just a novelty; it's the foundation for a tailored relationship. The scan captures unique data, helping staff recommend the perfect fit and style. But the magic doesn't stop there.Once the scan is complete, MyVivo connects the dots across every touchpoint. Customers receive personalised recommendations and content through email, the Vivobarefoot app, and even in future store visits. The system remembers preferences, past purchases, and even foot health insights, ensuring every interaction—online or offline—feels connected and relevant.What sets MyVivo apart is the commitment to true omnichannel engagement. Whether a customer shops online, visits a store, or interacts via mobile, their experience is consistent and informed by their unique profile. This not only builds loyalty but also empowers customers to make better choices for their feet and the planet.Vivobarefoot's MyVivo project is more than a CRM upgrade - it's a reimagining of what customer experience can be. By starting with a simple foot scan and extending that data across every channel, Vivobarefoot is setting a new standard for personalized, omnichannel retail.Tune in to listen to Amy Fullerton, Global Head of CRM, discuss how Vivobarefoot built the vision for MyVivo and the process they followed to start implementing this transformative service.Key takeaways:Understanding customer behaviour is crucial for effective CRM.Vivobarefoot aims to encourage a barefoot lifestyle through education and community engagement.Data integration and system alignment are key challenges in CRM.Customer insights are gathered through biometric and behavioral data.The importance of making data actionable for customer engagement.The project is structured around four strategic pillars: product, health, community, and rewards.Future developments will include on-demand health content and personalised recommendations.Chapters:[00:00] Laying the Foundations for a Connected Future[02:41] Understanding My Vivo: Mission and Goals[07:47] Strategic Pillars of Customer Loyalty[11:34] Structuring the Transformative CRM Project[14:19] Tech Challenges in CRM Implementation[19:53] Gathering and Utilizing Customer Insights[25:36] Making Data Actionable for Customer Experience[35:35] Future Vision: On-Demand Health Content

There's a dichotomy between the pace of job growth and the unemployment rate. Our Chief U.S. Economist Michael Gapen and Global Head of Macro Strategy Matthew Hornbach analyze how the Fed might address this paradox.Read more insights from Morgan Stanley.----- Transcript -----Matthew Hornbach: Welcome to Thoughts on the Market. I'm Matthew Hornbach, Global Head of Macro Strategy.Michael Gapen: And I'm Michael Gapen, Morgan Stanley's Chief U.S. Economist.Matthew Hornbach: Today – a look back at last week's meeting of the Federal Open Market Committee or FOMC, and the path for rates from here.It's Tuesday, August 5th at 10am in New York.Mike, last week the Fed met for the fifth time this year. The committee didn't provide a summary of their economic projections, but they did update their official policy statement. And of course, Chair Powell spoke at the press conference. How would you characterize the tone of both?Michael Gapen: Yeah, at first the statement I thought took on a slightly dovish tone for two reasons. One, unexpected; the other expected. So, the committee did revise down their assessment of growth and economic activity. They had previously described the economy as growing at a quote, ‘solid pace,' and now they said, you know, the incoming data suggests that growth and economic activity moderated.So that's true. That's actually our view as well. We think the data points to that. The second reason the statement looked a little dovish, and this was expected is the Fed received two dissents. So, Governors Bowman and Waller both dissented in favor of a 25 basis point rate cut at the July meeting.But then the press conference started. And I would characterize that as Powell having at least some renewed concerns around persistence of inflation. So, he did recognize or acknowledge that the June inflation data showed a tariff impulse. But I'd say the more hawkish overtones really came in his description of the labor market, which I know were going to get into.And we've been kind of wondering and, you know, asking implicitly – is the Fed ever going to take a stand on what constitutes a healthy and/or weak labor market? And Powell, I think put down a lot of markers in the direction; that said, it's not so much about employment growth, it's about a low unemployment rate. And he kept describing the labor market as solid, and in healthy condition, and at full employment. So, the combination of that suggests it's a higher bar, in our mind, for the Fed to cut in September.Matthew Hornbach: And on the labor market, if we could dig a little bit deeper on that point. It did seem to me certainly that Powell was channeling your views on the labor market.Michael Gapen: Well, I wish I had that power but thank you.Matthew Hornbach: Well. I'd like to now channel your views – and of course his views – to our listeners. Can you just go a little bit deeper into this dichotomy that you've been highlighting between the pace of job growth and the unemployment rate itself?Michael Gapen: Yeah. Our thesis and what we've laid out coming into the year, and we think the data supports, is the idea that immigration controls have really slowed growth in the labor force. And what that means is the break-even rate of employment has come down.So even as economic growth has slowed and demand for labor has slowed, and therefore employment growth has slowed – the unemployment rate has stayed low, and there's some paradox in that. Normally when employment growth weakens, we think the economy's rolling over; the Fed should be easing.But in an environment of a very slow growing labor force, the two can coincide. And there's tension in that, we recognize. But our view is – the more the administration pushes in the direction of restraining immigration, the more likely it is you'll see the combination of low employment growth, but a low unemployment rate. And our view is that still means the labor market is tight.Matthew Hornbach: Indeed, indeed. Just one last question from me. How are you thinking about the Fed's policy path from here? In particular, how are you looking at the remaining data that could get the Fed to cut rates in September?Michael Gapen: Yeah, I think that there's no magic sauce here, if you will; or secret sauce. Powell, you know, essentially is laying out a case where it's more likely than not inflation will be deviating from the 2 percent target as tariffs get passed through to consumer prices. And the flag that he planted on the labor market suggests maybe they're leaning in the direction of thinking the unemployment rates is likely to stay low.So, we just need more revelations on this front. And the gap between the July and the September FOMC meetings is the longest on the Fed's calendar. So, they will see two inflation reports and two labor market reports. And again, it just to provide context and color, right? What I think Powell was doing was positioning his view against the two dissents that he received. So where, for example, Governor Waller laid out a case where weaker employment growth could justify cuts, Powell was reflecting the view of the rest of the committee that said, ‘Well, it's not really employment growth, it's about that unemployment rate.'So, when these data arrive, we'll be kind of weighing both of those components. What does employment growth look like going forward? How weak is it? And what's happening to that unemployment rate?So, if the Fed's doing its job, this shouldn't be magic. If the labor market's obviously rolling over, you'll get cuts later this year. If not, we think our view will play out and the Fed will be on the sideline through, you know, early 2026 before it moves to rate cuts then.So Matt, what I'd like to do is kind of turn from the economics over to the rates views. How did the rates market respond to the meeting, to the statement, to the press conference? How are you thinking about the market pricing of the policy path into your end?Matthew Hornbach: So initially when the statement was released, as you noted, it had a dovish flavor to it. And so, we had a small repricing in the interest rate market, putting a little bit of a higher probability, on the idea that the Fed would lower rates in September. But then as Chair Powell began the press conference and started to articulate his views around both inflation and the labor market we saw the market take out some probability that the Fed would lower rates in September.And where it ended up at the end of that particular day was putting about a 50 percent probability on a rate cut and as a result of 50 percent probability of no rate cut; leaving the data to really dictate where the pricing of that meeting would go from there.That to me speaks to this data dependence of the Fed, as you've discussed. And I think that in the coming weeks we get more of this data that you talked about, both on the inflation side of the mandate and on the labor market side of the mandate. And ultimately, if they end up, going in September, I would've expected the market to have priced most of that in, ahead of the meeting. And if they end up not cutting rates in September, then naturally the market will have moved in that direction ahead of time.And again, I think what ends up happening in September will be critical for how the market ends up pricing the evolution of policy in November and December. But to me, what I think is more interesting is your view on 2026. And in that regard, the market is still some distance away from your view, that the Fed goes about 175 basis points in 2026.Michael Gapen: Yeah, I mean, we're still thinking the lagged effects of tariffs and immigration will slow the economy enough to get more Fed cuts than the market's thinking. But, you know, we'll see if that happens. And maybe that's a topic we can turn back to in upcoming Thoughts on the Market.But what I'd like to do is ask you this. I've been reading some of your recent work on term premiums. And in my view, had this really interesting analysis about how the market prices Fed policy and how U.S. Treasury yields then adjust and move.You highlighted that Treasury yields built in a term premium after April 2nd. What's happening with that term premium today?Matthew Hornbach: Yeah. The April 2nd Liberation Day event catalyzed an expansion of term premia in the Treasury market. And ultimately what that means is that Treasury yields went up relative to what people were thinking about the path of Fed policy, And of course, the risks that they were thinking about in the month of April were risks related to trade policy. Those risks have diminished somewhat, I would argue in the subsequent months as the administration has been announcing deals with some of our trading partners. And then the market's focus turned to supply and what was going to happen with U.S. Treasury supply. And then, of course, the reaction of investors to that coming supply.And I would say, given what the Treasury announced last week, which was – it had no intention of raising supply, in the next several quarters. In our view is that the U.S. Treasury will not have to raise supply until the early part of 2027. So way off in the distance. So, investors are becoming more comfortable taking on duration risk in their portfolios because some of that uncertainty that opened up after April 2nd has been put away.Michael Gapen: Yeah, I can see how the substantial tariff revenue we're bringing in could affect that story. So, for example, I think if you annualize the run rates on tariffs, you'll get something over $300 billion in a 12-month period. And that certainly will have an impact on Treasury supply.Matthew Hornbach: Indeed. And so, as we make our way through the month of August, we'll get an update to those tariff revenues. And also, towards the end of August, we will have the economic symposium in Jackson Hole, where Chair Powell will give us his updated thoughts on what is the outlook for the economy and for monetary policy. And Mike, I look forward to catching up with you after that.Thanks for taking the time to talk today.Michael Gapen: Great speaking with you Matt.Matthew Hornbach: And thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.

Think battery storage systems are fire hazards? The data tells a different story.Today on the Clean Power Hour, Joe DeBellis, Global Head of Clean Energy at FireTrace, reveals shocking findings from a survey of nearly 4,000 Americans about battery storage safety. While headlines focus on rare fire incidents, 71% of Americans actually support battery energy storage technology.Here's what you'll discover:The surprising truth about battery fires: 89% start from electrical components, not the batteries themselves. Only 11% originate from battery cells or modules. Fire incidents have dropped 97% between 2018-2023, with just one fire per 35 gigawatts of installed capacity.Why public opposition exists: 52% of the 29% who oppose battery projects lack basic information about the technology. Misinformation drives fear more than actual risk data.What's inside battery containers: Beyond batteries, these systems contain HVAC equipment, power conversion systems, battery management systems, and control cabinets. Each component presents different fire risks requiring specific suppression strategies.FireTrace's dual approach to safety: Clean agent systems protect electrical components without damaging electronics. Aerosol technology using potassium carbonate prevents thermal runaway in battery cells.How developers can improve project approval: Proactive safety planning beats reactive measures. Early engagement with authorities having jurisdiction and communities builds trust through education.The regulatory landscape: UL 9540, NFPA 855, and evolving safety standards are creating better frameworks for safe deployment.The key takeaway: Focus fire prevention efforts on electrical components, not just batteries. This approach addresses 89% of actual fire risks while building community trust through education.Connect with Guest LinkedIn: Joe DeBellisWebsite: Firetrace Support the showConnect with Tim Clean Power Hour Clean Power Hour on YouTubeTim on TwitterTim on LinkedIn Email tim@cleanpowerhour.com Review Clean Power Hour on Apple PodcastsThe Clean Power Hour is produced by the Clean Power Consulting Group and created by Tim Montague. Contact us by email: CleanPowerHour@gmail.com Corporate sponsors who share our mission to speed the energy transition are invited to check out https://www.cleanpowerhour.com/support/The Clean Power Hour is brought to you by CPS America, maker of North America's number one 3-phase string inverter, with over 6GW shipped in the US. With a focus on commercial and utility-scale solar and energy storage, the company partners with customers to provide unparalleled performance and service. The CPS America product lineup includes 3-phase string inverters from 25kW to 275kW, exceptional data communication and controls, and energy storage solutions designed for seamless integration with CPS America systems. Learn more at www.chintpowersystems.com

“Well-being is a stronger metric of success than productivity when it comes to AI adoption—and a natural outcome of that well-being is more productivity.” — Paul Sephton, Global Head of Brand Communications, Jabra In this enlightening episode of Technology Reseller News, Publisher Doug Green interviews Paul Sephton, Global Head of Brand Communications at Jabra, about a new study conducted in partnership with the Happiness Research Institute. The report reveals a compelling insight: workers who use AI at work report higher well-being and job satisfaction. Why does this matter to Jabra? As Sephton explains, Jabra's mission goes beyond engineering headsets and video solutions—it's about optimizing the modern work experience. And as AI changes the nature of work, Jabra believes that cultural shifts, not just technical upgrades, will define whether AI enhances productivity and happiness. Key findings and themes from the podcast include: AI + Happiness: While not conclusive causation, there's a clear correlation between AI use and improved workplace well-being. Those who use AI more often tend to report higher satisfaction and purpose in their roles. From Fear to Optimism: The study shows a positive turn in sentiment. As AI becomes more ubiquitous and embedded in the day-to-day, optimism is rising—especially when organizations communicate transparently about their AI strategies. People-to-Machine Communication: Jabra is preparing for a future where not just people talk to people, but where we interact directly with AI agents. Enabling seamless communication between humans and AI will be essential—and Jabra aims to be at the center of that evolution. Well-Being as Strategy: Sephton urges leaders to treat employee well-being as a core indicator of successful change management. Transparency, experimentation, and culture are critical levers for embracing AI meaningfully. Jabra's Role: From professional audio and video collaboration gear to AI-optimized meeting room solutions, Jabra is developing the “eyes and ears” for enterprise AI—ensuring communication systems evolve as work itself transforms. To explore the full study, visit: https://www.jabra.com This podcast is part of Technology Reseller News' continuing coverage of AI, the future of work, and cloud communications. Jabra is a member of the Cloud Communications Alliance (CCA).

This week, we're analyzing the market's reaction to the recent Non-Farm Payrolls report, which hit our markets and has significantly increased rate cut expectations. We look ahead to the main event on the macro calendar: the Jackson Hole symposium, where Fed Chair Powell is scheduled to speak Friday morning on things including AI and the labor market, potentially setting the tone for the rest of the year. Our latest research report adds context, showing how global liquidity is expected to continue to flow into crypto through Q3 and Q4, and that long-term holders are showing strength by not selling at a loss.Another big story is the continued positive shift in the U.S. regulatory landscape. We provide a deep dive into the SEC's new "Project Crypto," an initiative designed to modernize securities regulation, transition U.S. financial markets to a blockchain-based infrastructure, and, crucially, clarify that most digital assets are not securities—a dramatic move away from the previous "regulation-by-enforcement" era. This is complemented by the CFTC's "Crypto Sprint" to regulate spot markets and a proposed White House tax update that would align the taxation of mined bitcoin with gold.In market structure, we cover the latest Digital Asset Trust (DAT) updates, including large purchases in SOL and ETH, and discuss how investor equity unlocks can affect market pressure. We also provide a quick update on the ETH staking queue.Finally, we have a series of massive real-world adoption announcements from Coinbase. The exchange is joining forces with JPMorgan Chase to make it even easier for customers to access crypto. Additionally, Coinbase has expanded its PayPal integration to Canada and will be rolling out Samsung Pay as a payment and deposit option for users in the United States and Canada.Topics Covered:Macro Outlook:Post-NFP analysis and increased rate cut expectations.What to watch for at the Jackson Hole symposium and from Powell's speech.Insights from our research on global liquidity (M2) and BTC valuation.The Regulatory Revolution:A deep dive into the SEC's "Project Crypto" and its goal to clarify asset classifications.The CFTC's "Crypto Sprint" for regulating spot markets.The proposed White House tax update for bitcoin miners.Market & On-Chain Dynamics:Digital Asset Trust (DAT) updates: large purchases and investor unlock pressures.An update on the Ethereum staking queue.Coinbase & TradFi Integration:The new partnership between Coinbase and JPMorgan ChaseExpansion of PayPal buy/sell functionality to CanadaIntegration of Samsung Pay in the US and CanadaCB ResearchBitcoin, Liquidity, and Macro CrossroadsSpeakers:Ben Floyd, Head of Execution ServicesDavid Duong, Global Head of ResearchColin Basco, Institutional Research

Guest: Kim Albarella, Global Head of Security, TikTok Questions: Security is part of your DNA. In your day to day at TikTok, what are some tips you'd share with users about staying safe online? Many regulations were written with older technologies in mind. How do you bridge the gap between these legacy requirements and the realities of a modern, microservices-based tech stack like TikTok's, ensuring both compliance and agility? You have a background in compliance and risk management. How do you approach demonstrating the effectiveness of security controls, not just their existence, especially given the rapid pace of change in both technology and regulations?  TikTok operates on a global scale, facing a complex web of varying regulations and user expectations. How do you balance the need for localized compliance with the desire for a consistent global security posture? How do you avoid creating a fragmented and overly complex system, and what role does automation play in this balancing act? What strategies and metrics do you use to ensure auditability and provide confidence to stakeholders? We understand you've used TikTok videos for security training. Can you elaborate on how you've fostered a strong security culture internally, especially in such a dynamic environment?  What is in your TikTok feed? Resources: Kim on TikTok @securishe and TikTopTips EP214 Reconciling the Impossible: Engineering Cloud Systems for Diverging Regulations EP161 Cloud Compliance: A Lawyer - Turned Technologist! - Perspective on Navigating the Cloud EP14 Making Compliance Cloud-native

While investors may now better understand President Trump's trade strategy, the economic consequences of tariffs remain unclear. Our Global Head of Fixed Income Research and Public Policy Michael Zezas and our Chief U.S. Economist Michael Gapen offer guidance on the data they are watching.Read more insights from Morgan Stanley.----- Transcript -----Michael Zezas: Welcome to Thoughts on the Market. I'm Michael Zezas, Global Head of Fixed Income Research and Public Policy Strategy. Michael Gapen: And I'm Michael Gapen, Chief U.S. Economist. Michael Zezas: Today ongoing effects of tariffs on the U.S. economy. It is Friday, August 1st at 8am in New York. So, Michael, lots of news over the past couple of weeks about the U.S. making trade agreements with other countries. It's certainly dominated client conversations we've had, as I'm assuming it's probably dominated conversations for you as well. Michael Gapen: Yeah certainly a topic that never goes away. It keeps on giving at this point in time. And I guess, Michael, what I would ask you is, what do you make of the recent deals? Does it reduce uncertainty in your mind? Does it leave uncertainty elevated? What's your short-term outlook for trade policy? Michael Zezas: Yeah, I think it's fair to say that we've reduced the range of potential outcomes in the near term around tariff rates. But we haven't done anything to reduce longer term uncertainties in U.S. trade policy. So, consider, for example, over the last couple of weeks, we have an agreement with Japan and an agreement with Europe – two pretty substantial trading partners – where it appears, the tariff rate that's going to be applied is something like 15 percent. And when you stack up these deals on one another, it looks like we're going to end up in an average effective tariff rate from the U.S. range of kind of 15 to 20 percent. And if you think back a couple of months, that range was much wider and we were potentially talking about levels in the 25 to 30 percent range. So, in that sense, investors might have a bit of a respite from the idea of kind of massive uncertainty around trade policy outcomes. However, longer term, these agreements really just are kind of principles that are set out for behavior, and there's lots of trip wires that could create future potential escalations. So, for example, with the Europe deal, part of the deal is that Europe will commit to purchase a substantial amount of U.S. energy. There's obvious questions as to whether or not the U.S. can actually supply that amidst its own energy needs that are rising substantially over the course of the next year. So, could we end up in a situation where six months to a year from now if those purchases haven't been made – the U.S. sort of presses forward and the administration threatens to re-escalate tariffs again. Really hard to know, but the point is these arrangements have lots of contingencies and other factors that could lead to re-escalation. But it's fair to say, at least in the near term, that we're in a landing place that appears to be somewhat smaller in terms of the range of potential outcomes. Now, I think a question for investors is going to be – how do we assess what the effects of that have been, right? Because is it fair to say that the economic data that we've received so far maybe isn't fully telling the story of the effects that are being felt quite yet. Michael Gapen: Yeah, I think that's completely right. We've always had the view that it would take several months or more just for tariffs to show up in inflation. And if tariffs primarily act as a tax on the consumer, you have to apply that tax first before economic activity would moderate. So, we've long been forecasting that inflation would begin to pick up in June. We saw a little of that. But it would accelerate through the third quarter, kind of peaking around the August-September period. So, I'd say we've seen the first signs of that, Michael, but we need obviously follow through evidence that it's happening. So, we do expect that in the July, August and September inflation reports, you'll see a lot more evidence of tariffs pushing goods prices higher. So, we'll be dissecting all the details of the CPI looking for evidence of direct effects of tariffs, primarily on goods prices, but also some services prices. So, I'd put that down as the first marker, and we've seen some, early evidence on that. The second then, obviously, is the economy's 70 percent consumption. Tariffs act as a regressive tax on low- and middle-income consumers because non-discretionary purchases are a larger portion of their consumption bundle and a lot of goods prices are as well. Upper income households tend to spend relatively more money on leisure and recreation services. So, we would then expect growth in private consumption, primarily led by lower and middle-income spending softening. We think the consumer would slow down. But into the end of the year. Those are the two main markers that I would point to. Michael Zezas: Got it. So, I think this is really important because there's certainly this narrative amongst clients that we talk to that markets may have already moved on from this. Or investors may have already priced in the effects – or lack thereof – of some of this tariff escalation. Now we're about to get some real evidence from economic data as to whether or not that view and those assumptions are credible. Michael Gapen: That's right. Where we were initially on April 2nd after Liberation Day was largely embargo level tariffs. And if those stayed in place, trade volumes and activity and financial market asset values would've collapsed precipitously. And they were for a few weeks, as you know, but then we dialed it back and got out of that. So, yeah, we would say it's wrong to conclude that the economy , has absorbed these tariffs already and that they won't have,, a negative effect on economic activity. We think they will just in the base case where tariffs are high, but not too high, it just takes a while for that to happen. Michael Zezas: And of course, all of that's kind of core to our multi-asset outlook right now where a slowing economy, even with higher recession probabilities can still support risk assets. But of course, that piece of it is going to be very complicated if the economic data ends up being worse than you suspect. Now, any evidence you've seen so far? For example, we had a GDP report earlier this week. Any evidence from that data as to where things might go over the next few months?Michael Gapen: Yeah, well, another data point on trade policy and trade policy uncertainty really causing a lot of volatility in trade flows. So, if you recall, there's big front running of tariffs in the first quarter. Imports were up about 37 percent on the quarter; that ended in the second quarter, imports were down 30 percent. So net trade was a big drag on growth in the first quarter. It was a big boost to growth in the second. But we think that's largely noise. So, what I would say is we've probably level set import and export volumes now. So, do trade volumes from here begin to slow? That's an unresolved question. But certainly, the large volatility in the trade and inventory data in Q1 and Q2 GDP numbers are reflective of everything that you're saying about the risks around trade policy and elevated trade policy uncertainty. Second, though, I would say, because we started out the quarter with Liberation Day tariffs, the business sector, clearly – in our mind anyway – clearly responded by delaying activity. Equipment spending was only up 4 to 5 percent on the quarter. IP was up about 6 percent. Structures was down 10 percent. So, for all the narrative around AI-related spending, there wasn't a whole lot of spending on data centers and power generation in the second quarter.So, what you speak to about the need to reduce some trade policy uncertainty, but also your long run trade policy uncertainty remains elevated? I would say we saw evidence in the second quarter that all of that slowed down capital spending activity. Let's see if the One Big Beautiful Bill act can be a catalyst on that front, whether animal spirits can come back. But that's the other thing I would point to is that, business spending was weak and even though the headline GDP number was 3 percent, that's mainly a trade volatility number. Final sales to domestic purchasers, which includes consumption and business spending, was only up 1.1 percent in the quarter. So, the economy's moderating; things are cooling. I think trade policy and trade policy uncertainty is a big part of that story.Michael Zezas: Got it. So maybe this is something of a handoff here where my team had been really, really focused and investors have been really, really focused on the decision-making process of the U.S. administration around tariffs. And now your team's going to lead us through understanding the actual impacts. And the headline numbers around economic data are important, but probably even more important is the underlying. Is that fair? Michael Gapen: I think that's fair. I think as we move into the third quarter, like between now and when the Fed meets in, September, again, they'll have a few more inflation reports, a few more employment reports. We're going to learn a lot more than about what the Fed might do. So, I think the activity data and the Fed will now become much more important over the next several months than where we've been the past several months, which is about, has been about announcements around trade. Michael Zezas: All right. Well then, we look forward to hearing more from you and your team in the coming months. Well Michael, thanks for taking the time to talk to me. Michael Gapen: Thanks for having me on. Michael Zezas: And to our audience, thanks for listening. If you enjoy Thoughts on the Market, please leave us a review and tell your friends about the podcast. We want everyone to listen.

A critical vulnerability in SUSE [SOO-suh] Manager allows attackers to run commands with root privilege. A joint CISA and U.S. Coast Guard threat hunt at a critical infrastructure site reveals serious cybersecurity issues. Healthcare providers across the U.S. report recent data breaches. Cybercriminals infiltrate a bank by physically planting a Raspberry Pi on a network switch. Russian state-backed hackers target Moscow diplomats to deploy ApolloShadow malware. Luxembourg investigates a major telecom outage tied to Huawei equipment. China's cyberspace regulator summons Nvidia over alleged security risks linked to its H20 AI chips. A new report examines early indicators of system compromise. Today we are joined by Ryan Whelan, Managing Director and Global Head of Accenture Cyber Intelligence, with their analysis of Scattered Spider. Pwn2Own puts a million dollar bounty on WhatsApp zero-clicks. Remember to leave us a 5-star rating and review in your favorite podcast app. Miss an episode? Sign-up for our daily intelligence roundup, Daily Briefing, and you'll never miss a beat. And be sure to follow CyberWire Daily on LinkedIn. CyberWire GuestOur guest today is Ryan Whelan, Managing Director and Global Head of Accenture Cyber Intelligence, discussing the possibilities of Scattered Spider. Selected Reading Critical flaw in SUSE Manager exposes enterprise deployments to compromise (Beyond Machines) CISA identifies OT configuration flaws during cyber threat hunt at critical infrastructure organization, lists cyber hygiene (Industrial Cyber) CISA Issues ICS Advisories for Rockwell Automation Using VMware, and Güralp Seismic Monitoring Systems (Cyber Security News) Florida Internal Medicine Practices Discloses November 2024 Data Breach (HIPAA Journal) Cybercrooks use Raspberry Pi to steal ATM cash (The Register) Russian Cyberspies Target Foreign Embassies in Moscow via AitM Attacks: Microsoft (SecurityWeek) Luxembourg probes reported attack on Huawei tech that caused nationwide telecoms outage (The Record) Nvidia summoned by China's cyberspace watchdog over risks in H20 chips (CGTN) Hackers Regularly Exploit Vulnerabilities Before Public Disclosure (Infosecurity Magazine) Pwn2Own hacking contest pays $1 million for WhatsApp exploit (Bleeping Computer) Audience Survey Complete our annual audience survey before August 31. Want to hear your company in the show? You too can reach the most influential leaders and operators in the industry. Here's our media kit. Contact us at cyberwire@n2k.com to request more info. The CyberWire is a production of N2K Networks, your source for strategic workforce intelligence. © N2K Networks, Inc. Learn more about your ad choices. Visit megaphone.fm/adchoices

#thePOZcast is proudly brought to you by Fountain - the leading enterprise platform for workforce management. Our platform enables companies to support their frontline workers from job application to departure. Fountain elevates the hiring, management, and retention of frontline workers at scale.To learn more, please visit: https://www.fountain.com/?utm_source=shrm-2024&utm_medium=event&utm_campaign=shrm-2024-podcast-adam-posner.Thanks for listening, and please follow us on Insta @NHPTalent and www.youtube.com/thePOZcastFor all episodes, please check out www.thePOZcast.com Takeaways:- Work architecture is essential for understanding how work gets done.- Workforce design and strategy are closely linked.- Employee experience mapping can enhance workforce design.- Onboarding is a critical stage in the employee journey.- Mutual responsibility exists in managing employee expectations.- Technology can complicate employee experiences if not implemented thoughtfully.- Future-ready organizations prioritize employee development and upskilling.- HR must claim a seat at the revenue table to drive business outcomes.- Remote work requires intentional design to foster collaboration.- Contentment is a dynamic goal worth striving for in one's career.SummaryIn this conversation, Adam Posner and Josh Newman delve into the intricacies of workforce design and employee experience. They discuss the importance of understanding work architecture, the critical stages of employee onboarding, and the mutual responsibilities of employers and employees in managing expectations. Josh shares insights from past workforce design projects, highlighting lessons learned from failures and the significance of creating future-ready organizations that prioritize employee development. The discussion also touches on the evolving role of HR in driving revenue, the challenges of remote work, and the impact of parenthood on leadership styles. They conclude with reflections on career advice and the true definition of success. Chapters 00:00 Understanding Workforce Design and Architecture02:59 Employee Experience Mapping: The Six Stages05:56 Mutual Responsibility in Onboarding08:53 Lessons from Workforce Design Failures11:52 Future-Ready Organizations: Human-Centric Approaches14:37 The Role of HR in Revenue Generation17:48 Navigating Remote Work and Mentorship Challenges20:18 The Transformative Power of Parenthood26:44 Navigating Work-Life Balance and Productivity31:55 The Future of Work and Employee Value Proposition34:56 Defining Success Beyond Traditional Metrics     

Chris Hare, Senior European Economist, and Paul Mackel, Global Head of FX Research, talk through the potential implications of the US-EU trade deal.Disclaimer: https://www.research.hsbc.com/R/101/wxSxzmwStay connected and access free to view reports and videos from HSBC Global Investment Research follow us on LinkedIn https://www.linkedin.com/feed/hashtag/hsbcresearch/ or click here https://www.gbm.hsbc.com/en-gb/campaigns/global-research

What if index funds weren't as “passive” as you think? In this episode of the Rational Reminder, we are joined by Jim Rowley, Global Head of Investment Implementation Research, and Andy Mack, Head of US Equity Portfolio Management at Vanguard. These two experts offer a rare, behind-the-scenes look into what it really takes to run some of the world's largest index funds—and it's far from “set it and forget it.” From real-time trading decisions to managing $7 trillion globally, Jim and Andy walk us through how Vanguard implements index strategies with a precision that rivals any active manager. They challenge the traditional labels of passive versus active and show how thoughtful implementation, securities lending, FX execution, and IPO participation can add real value for investors—even in low-cost index products. Key Points From This Episode: (0:04) Why Vanguard's team was the ideal follow-up to Marco Sammon's index research (1:55) Why index funds aren't as simple as they seem: rebalancing, risk, and strategy (2:50) “Passive” is a misnomer: why index fund management involves active decisions (4:42) What excites Jim and Andy about index fund implementation (7:16) Risk-managed opportunities: how Vanguard adds value during secondary offerings (8:02) Debunking the active vs. passive label—think in terms of strategy characteristics (9:41) The subjective calls behind index construction and market definitions (12:00) The goal of a market-cap weighted index fund and how Vanguard tracks it (13:28) Why tracking error matters—and when it becomes a business risk (15:48) Indexing's advantage: predictable relative performance for portfolio construction (16:15) The real complexity of daily index fund trading and execution strategy (17:16) Vanguard's unique approach: PMs and traders are the same person in equities (18:52) The scale of VTI: how 24 global PMs manage trillions across time zones (20:48) Why Vanguard's culture treats every trade like it's client money (22:24) Andy's story of building Vanguard's FX desk and the hundreds of millions saved (24:04) Quant vs. human judgment in index implementation—why both matter (26:50) How fixed income index funds balance risk, liquidity, and security selection (27:46) Tools traders use to minimize price impact: algos, limits, and timing strategies (29:09) How index rebalancing impact has decreased thanks to market evolution (31:36) The hidden mechanics behind index inclusion/exclusion and price effects (33:40) Do index funds distort prices? Vanguard's view on elasticity and ownership (35:55) Stock dispersion and the case for continued price discovery (38:09) Why using passive funds doesn't mean being a passive investor (43:15) Jim's research: how “passive” funds are actively deployed by advisors (50:43) How Vanguard handles IPOs, buybacks, and market composition shifts (54:45) Active corporate action management: cash mergers, elections, and strategy (55:27) Responding to Marco Sammon's critiques on market timing and turnover (58:55) What would change if rebalancing were less frequent? (1:00:34) How securities lending and market advocacy add ongoing value (1:04:42) Should Vanguard launch a flexible, non-indexed total market fund? (1:06:26) Andy's biggest concern: system risks and rebalance day challenges (1:07:08) Jim's biggest concern: index funds aren't a free pass—investors still need discipline (1:08:03) Defining success: alignment with investors and living a balanced life Links From Today's Episode: Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582.  Rational Reminder Website — https://rationalreminder.ca/  Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://x.com/RationalRemind Rational Reminder on TikTok — www.tiktok.com/@rationalreminder Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.ca Benjamin Felix — https://pwlcapital.com/our-team/ Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Dan Bortolotti — https://pwlcapital.com/our-team/ Dan Bortolotti on LinkedIn — https://ca.linkedin.com/in/dan-bortolotti-8a482310   Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).

Join Executive Director Rich Douglas in this episode of the Human Capital Lab podcast, featuring Jennifer Sutherland, Global Head of Learning Operations at ZS. Dive deep into discussions about leadership in volatile, uncertain, complex, and ambiguous (VUCA) environments, the importance of strategic thinking in talent development, and the burgeoning role of artificial intelligence. Jennifer shares her insights from her extensive experience in the field, including her thoughts on resilience, decision making, and the impact of generative AI on learning and development. This episode is essential listening for professionals looking to elevate their game in human capital management and navigate the future of work.00:00 Introduction to the Human Capital Lab Podcast01:12 Meet Jennifer Sutherland: A Journey in Talent Development03:01 The Concept of Retirement and Side Gigs06:19 Understanding VUCA: Volatility, Uncertainty, Complexity, and Ambiguity09:02 Preparing for VUCA: Building Resilience and Flexibility19:59 Leadership in VUCA: Strategic Decision Making25:45 Understanding the Impact of Reactions26:34 The Parable of the Two Arrows27:32 Challenges in Leadership Development28:47 Introduction to VUCA and Skillsets29:51 Exploring Artificial Intelligence31:34 Generative AI in Learning and Development33:25 Practical Applications of AI41:11 The Role of AI in Education44:41 Evolving Learning Teams45:41 Final Thoughts and FarewellConnect with the Guest, Jennifer N Sutherland;LinkedIn: https://www.linkedin.com/in/jennifernsutherland Connect with Rich Douglas; LinkedIn: https://www.linkedin.com/in/rich-douglas-92b71b52/ Connect with the Human Capital Lab;Website: https://humancapitallab.org/ Interested in Being a Guest? https://humancapitallab.org/podcast/

In this episode of The Marketing Rapport, host Tim Finnigan sits down with Josh Pisano, Global Head of Product for Media at NielsenIQ. They unpack what it really takes to turn data into decisions—from identity resolution to clean room collaboration.Josh explains why first-party data, while valuable, often misses key signals and population segments. He shares how clean room technology and smarter data integration can close those gaps and improve decision-making across planning, activation, and measurement. The conversation also explores how marketers can connect disparate signals to build full-funnel strategies that actually perform.The views, thoughts, and opinions expressed are those of the speaker and do not necessarily represent the views, thoughts, and opinions of Verisk Marketing Solutions or Verisk Analytics. The material and information presented here is for general information purposes only. This podcast is not intended to replace legal or other professional advice. The Lead Intelligence, Inc. (dba Verisk Marketing Solutions) and Verisk Analytics LLC names and all forms and abbreviations are the property of its owner and its use does not imply endorsement of or opposition to any specific organization, product, or service. VERISK MARKETING SOLUTIONS DISCLAIMS ALL LIABILITY ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.

In this thought leadership session, ITSPmagazine co-founders Sean Martin and Marco Ciappelli moderate a dynamic conversation with five industry leaders offering their take on what will dominate the show floor and side-stage chatter at Black Hat USA 2025.Leslie Kesselring, Founder of Kesselring Communications, surfaces how media coverage is shifting in real time—no longer driven solely by talk submissions but now heavily influenced by breaking news, regulation, and public-private sector dynamics. From government briefings to cyberweapon disclosures, the pressure is on to cover what matters, not just what's scheduled.Daniel Cuthbert, member of the Black Hat Review Board and Global Head of Security Research at Banco Santander, pushes back on the hype. He notes that while tech moves fast, security research often revisits decades-old bugs. His sharp observation? “The same bugs from the ‘90s are still showing up—sometimes discovered by researchers younger than the vulnerabilities themselves.”Michael Parisi, Chief Growth Officer at Steel Patriot Partners, shifts the conversation to operational risk. He raises concern over Model-Chained Prompting (MCP) and how AI agents can rewrite enterprise processes without visibility or traceability—especially alarming in environments lacking kill switches or proper controls.Richard Stiennon, Chief Research Analyst at IT-Harvest, offers market-level insights, forecasting AI agent saturation with over 20 vendors already present in the expo hall. While excited by real advancements, he warns of funding velocity outpacing substance and cautions against the cycle of overinvestment in vaporware.Rupesh Chokshi, SVP & GM at Akamai Technologies, brings the product and customer lens—framing the security conversation around how AI use cases are rolling out fast while security coverage is still catching up. From OT to LLMs, securing both AI and with AI is a top concern.This episode is not just about placing bets on buzzwords. It's about uncovering what's real, what's noise, and what still needs fixing—no matter how long we've been talking about it.___________Guests:Leslie Kesselring, Founder at Cyber PR Firm Kesselring Communications | On LinkedIn: https://www.linkedin.com/in/lesliekesselring/“This year, it's the news cycle—not the sessions—that's driving what media cover at Black Hat.”Daniel Cuthbert, Black Hat Training Review Board and Global Head of Security Research for Banco Santander | On LinkedIn: https://www.linkedin.com/in/daniel-cuthbert0x/“Why are we still finding bugs older than the people presenting the research?”Richard Stiennon, Chief Research Analyst at IT-Harvest | On LinkedIn: https://www.linkedin.com/in/stiennon/“The urge to consolidate tools is driven by procurement—not by what defenders actually need.”Michael Parisi, Chief Growth Officer at Steel Patriot Partners | On LinkedIn: https://www.linkedin.com/in/michael-parisi-4009b2261/“Responsible AI use isn't a policy—it's something we have to actually implement.”Rupesh Chokshi, SVP & General Manager at Akamai Technologies | On LinkedIn: https://www.linkedin.com/in/rupeshchokshi/“The business side is racing to deploy AI—but security still hasn't caught up.”Hosts:Sean Martin, Co-Founder at ITSPmagazine | Website: https://www.seanmartin.comMarco Ciappelli, Co-Founder at ITSPmagazine | Website: https://www.marcociappelli.com___________Episode SponsorsThreatLocker: https://itspm.ag/threatlocker-r974BlackCloak: https://itspm.ag/itspbcwebAkamai: https://itspm.ag/akamailbwcDropzoneAI: https://itspm.ag/dropzoneai-641Stellar Cyber: https://itspm.ag/stellar-9dj3___________ResourcesLearn more and catch more stories from our Black Hat USA 2025 coverage: https://www.itspmagazine.com/bhusa25ITSPmagazine Webinar: What's Heating Up Before Black Hat 2025: Place Your Bet on the Top Trends Set to Shake Up this Year's Hacker Conference — An ITSPmagazine Thought Leadership Webinar | https://www.crowdcast.io/c/whats-heating-up-before-black-hat-2025-place-your-bet-on-the-top-trends-set-to-shake-up-this-years-hacker-conferenceCatch all of our event coverage: https://www.itspmagazine.com/technology-and-cybersecurity-conference-coverageWant to tell your Brand Story Briefing as part of our event coverage? Learn More

In this thought leadership session, ITSPmagazine co-founders Sean Martin and Marco Ciappelli moderate a dynamic conversation with five industry leaders offering their take on what will dominate the show floor and side-stage chatter at Black Hat USA 2025.Leslie Kesselring, Founder of Kesselring Communications, surfaces how media coverage is shifting in real time—no longer driven solely by talk submissions but now heavily influenced by breaking news, regulation, and public-private sector dynamics. From government briefings to cyberweapon disclosures, the pressure is on to cover what matters, not just what's scheduled.Daniel Cuthbert, member of the Black Hat Review Board and Global Head of Security Research at Banco Santander, pushes back on the hype. He notes that while tech moves fast, security research often revisits decades-old bugs. His sharp observation? “The same bugs from the ‘90s are still showing up—sometimes discovered by researchers younger than the vulnerabilities themselves.”Michael Parisi, Chief Growth Officer at Steel Patriot Partners, shifts the conversation to operational risk. He raises concern over Model-Chained Prompting (MCP) and how AI agents can rewrite enterprise processes without visibility or traceability—especially alarming in environments lacking kill switches or proper controls.Richard Stiennon, Chief Research Analyst at IT-Harvest, offers market-level insights, forecasting AI agent saturation with over 20 vendors already present in the expo hall. While excited by real advancements, he warns of funding velocity outpacing substance and cautions against the cycle of overinvestment in vaporware.Rupesh Chokshi, SVP & GM at Akamai Technologies, brings the product and customer lens—framing the security conversation around how AI use cases are rolling out fast while security coverage is still catching up. From OT to LLMs, securing both AI and with AI is a top concern.This episode is not just about placing bets on buzzwords. It's about uncovering what's real, what's noise, and what still needs fixing—no matter how long we've been talking about it.___________Guests:Leslie Kesselring, Founder at Cyber PR Firm Kesselring Communications | On LinkedIn: https://www.linkedin.com/in/lesliekesselring/“This year, it's the news cycle—not the sessions—that's driving what media cover at Black Hat.”Daniel Cuthbert, Black Hat Training Review Board and Global Head of Security Research for Banco Santander | On LinkedIn: https://www.linkedin.com/in/daniel-cuthbert0x/“Why are we still finding bugs older than the people presenting the research?”Richard Stiennon, Chief Research Analyst at IT-Harvest | On LinkedIn: https://www.linkedin.com/in/stiennon/“The urge to consolidate tools is driven by procurement—not by what defenders actually need.”Michael Parisi, Chief Growth Officer at Steel Patriot Partners | On LinkedIn: https://www.linkedin.com/in/michael-parisi-4009b2261/“Responsible AI use isn't a policy—it's something we have to actually implement.”Rupesh Chokshi, SVP & General Manager at Akamai Technologies | On LinkedIn: https://www.linkedin.com/in/rupeshchokshi/“The business side is racing to deploy AI—but security still hasn't caught up.”Hosts:Sean Martin, Co-Founder at ITSPmagazine | Website: https://www.seanmartin.comMarco Ciappelli, Co-Founder at ITSPmagazine | Website: https://www.marcociappelli.com___________Episode SponsorsThreatLocker: https://itspm.ag/threatlocker-r974BlackCloak: https://itspm.ag/itspbcwebAkamai: https://itspm.ag/akamailbwcDropzoneAI: https://itspm.ag/dropzoneai-641Stellar Cyber: https://itspm.ag/stellar-9dj3___________ResourcesLearn more and catch more stories from our Black Hat USA 2025 coverage: https://www.itspmagazine.com/bhusa25ITSPmagazine Webinar: What's Heating Up Before Black Hat 2025: Place Your Bet on the Top Trends Set to Shake Up this Year's Hacker Conference — An ITSPmagazine Thought Leadership Webinar | https://www.crowdcast.io/c/whats-heating-up-before-black-hat-2025-place-your-bet-on-the-top-trends-set-to-shake-up-this-years-hacker-conferenceCatch all of our event coverage: https://www.itspmagazine.com/technology-and-cybersecurity-conference-coverageWant to tell your Brand Story Briefing as part of our event coverage? Learn More

In this episode of Construction Blueprints, Gemma Tait, Head of GB Construction, is joined by Kate Fowler, Global Head of Nuclear, to explore small modular reactors (SMRs).  Within this episode, our experts discuss what makes nuclear construction unique and challenges faced by insurers and the industry. From determining who holds primary responsibility for insurance obligations, to understanding how limits may vary across different SMR developments, the conversation also examines major supply chain hurdles like sourcing nuclear fuel and managing skilled labor. 

This week on TRM Talks, Ari Redbord, Global Head of Policy, TRM Labs, sits down with Nikhil Raghuveera, CEO of Predicate, to talk about the future of compliance in decentralized finance — and why the next wave of policy innovation will be built directly into code.As DeFi matures and regulators sharpen their focus, projects are facing a new challenge: how to meet real-world policy and legal expectations without compromising decentralization. That conversation usually starts with the question — how do you regulate a world without intermediaries? The answer, as Ari and Nikhil explore, is technology.Through its recent partnership with TRM Labs, Predicate enables developers to enforce AML and sanctions safeguards in real time — at the smart contract level — using TRM's risk scoring and attribution. The goal isn't to rebuild the traditional financial system on-chain. It's to build new rails with market integrity, user privacy, and global risk in mind from day one.In this episode, Ari and Nikhil unpack:• Why “policy infrastructure” is critical to supporting both builders and regulators• How TRM and Predicate are powering programmable compliance for stablecoins, privacy protocols, and tokenized assets• What a decentralized transaction prerequisite system actually looks like in practice• The role of zero-knowledge proofs and verifiable risk tooling in preserving user privacy• And how ethical infrastructure can help unlock responsible DeFi growth at scaleThis isn't just a conversation about compliance — it's a blueprint for building trust into decentralized systems.

In this episode of Hiring on All Cylinders, we're live from San Francisco with a powerhouse guest: Manjuri Sinha, VP HR and Global Head of GTM Org Success & People Partner at Miro.Together with host Kathryn, Manjuri unpacks what it really means to build a modern, tech-enabled talent function—from rethinking your TA operating model and integrating tools strategically, to enabling recruiter skill growth in an AI-powered future.

This week we dive into BTC's resilient price action in the face of challenging flow dynamics and break down ongoing ETH demand and broader macro trends.Speakers:Joshua Pak, Senior CES Sales TraderDavid Duong, Global Head of ResearchGregg Wysocki, Director Institutional SalesColin Basco, Institutional Research

On July 4th, President Trump signed into law the comprehensive budget plan, known as the 'One Big, Beautiful Bill.' The President announced that there's hardly a livelihood that this bill would not benefit. Over the weekend, the House Ways and Means Committee held a hearing at the Reagan Library in California to listen to those who praised the bill. However, since President Trump signed it, Democrats have kept up their opposition to the budget plan. Ways and Means Chairman Rep. Jason Smith (R-MO) joins the Rundown to discuss how the 'big bill' will benefit Americans.  An increasing number of Americans are choosing to work for themselves. According to new research from Statista, more than half of the workforce in the United States is expected to be freelancing by 2028. In response, lawmakers are advocating for independent workers to receive voluntary, portable workplace benefits. In the meantime, gig workers in some states are already benefiting from a pilot program launched by DoorDash that offers a savings account. The Vice President and Global Head of Public Policy at DoorDash, Max Rettig, joins the podcast to discuss the details of this program. Plus, commentary from FOX News Digital columnist David Marcus.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

On July 4th, President Trump signed into law the comprehensive budget plan, known as the 'One Big, Beautiful Bill.' The President announced that there's hardly a livelihood that this bill would not benefit. Over the weekend, the House Ways and Means Committee held a hearing at the Reagan Library in California to listen to those who praised the bill. However, since President Trump signed it, Democrats have kept up their opposition to the budget plan. Ways and Means Chairman Rep. Jason Smith (R-MO) joins the Rundown to discuss how the 'big bill' will benefit Americans.  An increasing number of Americans are choosing to work for themselves. According to new research from Statista, more than half of the workforce in the United States is expected to be freelancing by 2028. In response, lawmakers are advocating for independent workers to receive voluntary, portable workplace benefits. In the meantime, gig workers in some states are already benefiting from a pilot program launched by DoorDash that offers a savings account. The Vice President and Global Head of Public Policy at DoorDash, Max Rettig, joins the podcast to discuss the details of this program. Plus, commentary from FOX News Digital columnist David Marcus.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Subho Mukherjee, VP and Global Head of Sustainability, emphasizes how the world can accelerate its sustainability journey by learning from different regions—Europe's circularity drive and India's deeply rooted circular practices. He highlights that instead of focusing on divisions, embracing cultural differences in sustainability approaches through cross-continental collaboration can drive innovation. As part of the ICT value chain impacting energy, utilities, manufacturing, and transportation, he advocates for ecosystem-wide partnerships that leverage diverse regional strengths to create meaningful environmental impact.Watch the full episode here

Today, we're bringing you a special episode from Andy's European rabble over at On The Continent!He's joined by Dotun and Italian football expert Nicky Bandini to discuss Ademola Lookman's potential big-money move to Inter. After years of waiting, can he make the splash people think he might at one of Europe's elite clubs?Plus, RB Leipzig are just one day into pre-season training and who rocks up on the sidelines? One Jürgen Klopp of course. But in his role as Red Bull's Global Head of Soccer, what exactly will, should and can he do to get Leipzig back on track?Want more from the best European football podcast out there? Subscribe here for new episodes every Thursday and Friday throughout the summer!Prompted with a question for Dotun, Andy and their guests? Send them in on Twitter, Instagram and TikTok, and email us here: otc@footballramble.com.Please fill out Stak's listener survey! It'll help us learn more about the content you love so we can bring you even more - you'll also be entered into a competition to win one of five PlayStation 5's! Click here: https://bit.ly/staksurvey2025 Hosted on Acast. See acast.com/privacy for more information.

The Trump administration unveiled a 28-page AI Action Plan, outlining more than 90 policy actions, with an ambition for the U.S. to win the AI race. Our Global Head of Fixed Income Research and Public Policy Strategy Michael Zezas, and U.S. Public Policy Strategist Ariana Salvatore, explain why investors need to keep an eye on AI policy.Read more insights from Morgan Stanley.----- Transcript -----Michael Zezas: Welcome to Thoughts on the Market. I'm Michael Zezas, Global Head of Fixed Income Research and Public Policy Strategy.Ariana Salvatore: And I'm Ariana Salvatore, U.S. Public Policy Strategist.Michael Zezas: Today we're diving into the administration's newly released AI action plan. What's in It, what it means for markets, and where the challenges to implementation might lie.It's Thursday, July 24th at 10am in New York.Things are not all quiet on the policy front, but with the fiscal bill having passed Congress and trade tensions simmering ahead of the new August 1st deadline, clients are asking what the administration might focus on that investors might need to know more about.Well, this week it seems to be AI.The White House just unveiled its sweeping AI Action Plan, the first big policy-signaling document since the administration canceled the implementation of former President Biden's AI Diffusion Rule. So, Ariana, what do we need to focus on here?Ariana Salvatore: This document is basically the administration signaling how it intends to cement America's role in the global development of AI – through a mix of both domestic and global policy initiatives. There are over 90 policy actions outlined in the document across three main pillars: innovation, infrastructure, and global leadership.Michael Zezas: That's right. And even though there's still some important details to flesh out here in terms of what these initiatives might practically mean, it's worth delving into what the different areas are outlining and what it might mean for investors here.Ariana Salvatore: So first on the innovation front. The plan calls for removing regulatory barriers to AI development, encouraging open-source models, and investing in interpretability and robustness. There's also a push throughout the document to build world class data sets and accelerate AI adoption across the federal agencies.Michael Zezas: Infrastructure is another main pillar here, and keeping with the theme of loosening regulation, the plan includes fast tracking permits for data centers, expanding access to federal land, and improving grid interconnection for power generation. There's also a call to stabilize the existing grid and prioritize dispatchable energy sources like nuclear and geothermal.But that's where we may see some of these frictions emerge. As our colleague Stephen Byrd has talked about quite a bit, the grid remains a major constraint for power generation; and even with some of these executive orders, the President's ability to control scaling power capacity is somewhat limited.Many of these policy tools to increase energy production to facilitate more data centers will likely have to be addressed by Congress, especially if any of these policy changes are to be more durable.Ariana Salvatore: One area where the executive actually does have pretty broad discretion to control is trade policy, and this document focused a lot on the U.S.' role in the world as we see increasing AI competition on a global scale.So, to that point, the third pillar is around global leadership. Specifically, the plan calls for the U.S. to export its full AI stack – hardware, models, standards – to allies, while simultaneously tightening export controls on rivals. China's clearly a focal point here, and that's one that is explicitly called out in the document.Michael Zezas: Right. And so, it all seems part of a proposal to form in International AI Alliance built on shared values and open trade; and the plan explicitly frames AI leadership as a strategic priority in the multipolar world.It calls for embedding U.S. AI standards and global governance bodies while using export controls and diplomatic tools to limit adversarial influence. But you know, importantly, something we'll have to track here is what exactly are these standards going to be and how that will shape how industry in the U.S. around AI has to behave. Those details are not yet forthcoming.So, there's a couple of threads here across all of this; deregulation, pushing for more energy generation, trade policy aspects. Ariana, what do you think it all means for investors? Are there key sectors here that face more constraints or face more tailwinds that investors need to know about?Ariana Salvatore: Yeah, so really two key takeaways from this document. First of all, AI policy is a priority for the administration, and we're seeing them pursue efforts to reduce regulatory barriers to data center construction. Although those could run into some legal and administrative hurdles. All else equal reduction in data center, build time and cost benefits owners of natural gas fired and nuclear power plants. So, you should see a tailwind to the power and utility sector.Secondly, this document and the messaging from the President makes AI a national security issue. That's why we see differentiated treatment for China versus the rest of the world, which is also reflected in the administration's approach to the broader trade relationship and dovetails well with our expectation for higher tariffs on China at the end of this year versus the global baseline.Michael Zezas: Right. So, if AI becomes a national and economic security issue, which is what this document is signaling, it's one of the reasons you should expect that these tariff increases globally – but with a skew towards China – are probably durable. And it's something that we think is reflected in the sector preferences or equity strategy team, for example, with some caution around the consumer sector.Ariana Salvatore: That's right. So, plan to watch as this unfolds.Michael Zezas: That's it for today's episode of Thoughts on the Market. If you enjoy the show, please leave us a review and share Thoughts on the Market with a friend or colleague today.

Send us a textWith the development of artificial intelligence on the rise, we are at a crossroads. How will we continue our innovations and regulations of this new technology? But, this is more than a technological question. As my guest, Verity Harding states, “AI needs you.”In this episode, I sit down with Verity Harding to discuss her book, AI Needs You: How We Can Change AI's Future and Save Our Own. How we apply AI is a multi-disciplinary issue. We need everyone, from tech people to teachers, to students, to nurses and doctors, and to everyone else.  Topics:Why AI Needs EveryoneTechnology's Shadow SelfThe Socio-Technical Approach to AI"What books have had an impact on you?""What advice do you have for teenagers?Bio:One of TIME's 100 Most Influential People in AI, Verity Harding is director of the AI & Geopolitics Project at the Bennett Institute for Public Policy at the University of Cambridge and founder of Formation Advisory, a consultancy firm that advises on the future of technology and society. She worked for many years as Global Head of Policy for Google DeepMind and as a political adviser to Britain's deputy prime minister.Socials -Lessons from Interesting People substack: https://taylorbledsoe.substack.com/Website: https://www.aimingforthemoon.com/Instagram: https://www.instagram.com/aiming4moon/Twitter: https://twitter.com/Aiming4Moon

On this episode of Animal Spirits: Talk Your Book, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ are joined by Dave LaValle, Senior Managing Director, Global Head of ETFs at Grayscale Investments to discuss: how a bitcoin ETF was approved, what's coming next in crypto, how to think about the volatility of investing in these assets, and more! Find complete show notes on our blogs... Ben Carlson's ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠A Wealth of Common Sense⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Michael Batnick's ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Irrelevant Investor⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Feel free to shoot us an email at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠animalspirits@thecompoundnews.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://idontshop.com⁠⁠⁠ Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. See our disclosures here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ The Compound Media, Incorporated, an affiliate of ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ritholtz Wealth Management⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/advertising-disclaimers⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Grayscale Disclosures: This podcast was prepared as part of Grayscale's general paid sponsorship of The Compound News. This specific content within and any opinions expressed therein belong solely to The Compound News and do not reflect the opinion or analysis of Grayscale, its employees, or its affiliates. Content published on The Compound News is provided for educational purposes only and should not be considered investment or tax advice. For investment or tax advice, please consult a financial professional. Grayscale is an independent company, unaffiliated with The Compound News. Grayscale has not been involved with the preparation of the content supplied by The Compound News. It does not guarantee, or assume any responsibility for its content. Learn more about your ad choices. Visit megaphone.fm/adchoices

From Swiss underdogs to global heatseeker, On has won softly over the past decade with its unique approach to footwear design and performance. This week, Robbe chats with Ed Coyon, Global Head of Product for the brand, to talk about On's approach to running, design, production, and the all-new Cloudsurfer Max.The On Cloudsurfer Max is available now for $180: https://www.on.com/

In this episode of the InsuranceAUM.com Podcast, Stewart Foley sits down with Charlie Rose, Managing Director and Global Head of Debt at Invesco Real Estate, for a comprehensive conversation on the state of real estate credit markets and what insurers need to know right now. With nearly $10 billion in CRE debt AUM and a global mandate, Charlie shares insights on how Invesco is navigating a market still recovering from a historic value correction.   He explains the fundamentals of bridge lending, the firm's “credit over yield” approach, and how they integrate equity and credit insights to drive disciplined underwriting. Charlie also compares market dynamics in the U.S. and Europe, highlights where he sees relative value opportunities, and outlines what may lie ahead over the next 12–18 months. The episode closes with a thoughtful take on hiring, diversity, and the traits Invesco values in its team. It's a high-level, yet grounded discussion for institutional investors exploring real estate credit today.

Markets may seem calm following recent policy headlines, but for Michael Zezas, our Global Head of Fixed Income Research and Public Policy Strategy, investors may need to wait on more data to assess whether the macroenvironment will remain stable.Read more insights from Morgan Stanley.----- Transcript -----Michael Zezas: Welcome to Thoughts on the Market. I'm Michael Zezas, Global Head of Fixed Income Research and Public Policy Strategy. Today: Why there's no summer slowdown yet for U.S. policy catalysts for the financial markets. It's Friday, July 18th at 8am in New York. The past week and a half has seen many major policy, events and headlines relevant to the outlook for financial markets. This includes more speculation by the U.S. administration over leadership at the Fed, more information about the deficit impact of the new fiscal bill, and – perhaps most tangibly – announcements of new tariffs that, if they take effect, will be a meaningful step up from already elevated levels. It would all suggest a weaker growth outlook and less overseas demand for U.S. assets. Yet major financial markets seem to have shrugged it all off. The S & P and the U.S. dollar are up about 1 percent over that time, and Treasury yields are modestly higher. So, what's going on? Two possibilities to consider, and it implies investors should pay more attention than they may be inclined to this summer. First, when it comes to the impact of tariffs on the economy, it's possible we're dealing with a delayed impact. The effective average U.S. tariff rate shot up from 3 to 4 percent earlier this year to 13 percent, and if recent announcements go through, that could exceed 20 percent. That's a major escalation in costs for U.S. companies and consumers and something our economists argue takes growth down to 1 percent and elevates the possibility of a recession. But our economists also point out that we may not be experiencing these cost increases quite yet. History suggests several months of lag between implementation and economic impact as companies leverage existing lower cost inventory before making tough decisions on pricing and managing their own costs. That means hard economic data likely does not yet tell us about the impact or lack thereof of tariffs, but that may change in the coming months. Second. It's also possible that the recent announcements of tariff increases don't tell us the whole story. As my colleagues in our equity strategy team point out, corporate America's cost base is most sensitive to the U.S.' largest trading partners – China, Mexico, Canada, and Europe. As we've discussed in prior episodes, we see tariff rate increases as likely on all these trading partners as tough negotiations continue. However, the details will matter greatly if rates are increased, but with a healthy dose of exceptions or quotas. Even if they diminish over time, then the real impact could be significantly blunted. In that case, markets would resume taking cues from other factors such as earnings revisions and forward-looking expectations around AI driven productivity. So bottom line, market movements suggest investors are assuming benign U.S. policy outcomes. But there's plenty of developments to track in the coming weeks and months to test if those assumptions will hold. Trade policy details and hard economic data are key among them. Thanks for listening. If you enjoy Thoughts on the Market, please leave us a review, and tell your friends about the podcast. We want everyone to listen.

Are we on the brink of advertising becoming too smart for its own good, or is Deep Learning finally getting us closer to what customers actually want? Agility requires us to constantly evaluate how technology like AI reshapes the relationships between brands and consumers—sometimes for better, sometimes for far more complex. The advertising landscape is shifting under our feet, with new rules, new tech, and frankly, a lot of new guesswork.Today we're going to talk about how Deep Learning and AI are impacting advertising effectiveness, personalization, and the future of advertising—with or without cookies. To help me discuss this topic, I'd like to welcome Jaysen Gillespie, VP, Global Head of Analytics and Product Marketing at RTB House. About Jaysen Gillespie Jaysen is a Southern California analytics pro with 15+ years in tech leadership. Currently holding the position of VP, Global Head of Product Marketing and Analytics at RTB House, he turns data into insights that drive relevant decisions. He is an experienced speaker and content creator, simplifying complex ideas and making them easily consumable and applicable. For Jaysen, analytics isn't just interesting—it's essential. Resources RTB House: https://www.rtbhouse.com https://www.rtbhouse.com The Agile Brand podcast is brought to you by TEKsystems. Learn more here: https://www.teksystems.com/versionnextnow Catch the future of e-commerce at eTail Boston, August 11-14, 2025. Register now: https://bit.ly/etailboston and use code PARTNER20 for 20% off for retailers and brandsDon't Miss MAICON 2025, October 14-16 in Cleveland - the event bringing together the brights minds and leading voices in AI. Use Code AGILE150 for $150 off registration. Go here to register: https://bit.ly/agile150" Connect with Greg on LinkedIn: https://www.linkedin.com/in/gregkihlstromDon't miss a thing: get the latest episodes, sign up for our newsletter and more: https://www.theagilebrand.showCheck out The Agile Brand Guide website with articles, insights, and Martechipedia, the wiki for marketing technology: https://www.agilebrandguide.com The Agile Brand is produced by Missing Link—a Latina-owned strategy-driven, creatively fueled production co-op. From ideation to creation, they craft human connections through intelligent, engaging and informative content. https://www.missinglink.company

The ultimate market outcomes of President Trump's tactical tariff escalation may be months away. Our Global Head of Fixed Income Research and Public Policy Strategy Michael Zezas takes a look at implications for investors now.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Michael Zezas, Global Head of Fixed Income Research and Public Policy Strategy. Today: The latest on U.S. tariffs and their market impact. It's Thursday, July 10th at 12:30pm in New York. It's been a newsy week for U.S. trade policy, with tariff increases announced across many nations. Here's what we think investors need to know. First, we think the U.S. is in a period of tactical escalation for tariff policy; where tariffs rise as the U.S. explores its negotiating space, but levels remain in a range below what many investors feared earlier this year. We started this week expecting a slight increase in U.S. tariffs—nothing too dramatic, maybe from 13 percent to around 15 percent driven by hikes in places like Vietnam and Japan. But what we got was a bit more substantial. The U.S. announced several tariff hikes, set to take effect later, allowing time for negotiations. If these new measures go through, tariffs could reach 15 to 20 percent, significantly higher than at the beginning of the year, though far below the 25 to 30 percent levels that appeared possible back in April. It's a good reminder that U.S. trade policy remains a moving target because the U.S. administration is still focused on reducing goods trade deficits and may not yet perceive there to be substantial political and economic risk of tariff escalation. Per our economists' recent work on the lagged effects of tariffs, this reckoning could be months away. Second, the implications of this tactical escalation are consistent with our current cross-asset views. The higher tariffs announced on a variety of geographies, and products like copper, put further pressure on the U.S. growth story, even if they don't tip the U.S. into recession, per the work done by our economists. That growth pressure is consistent with our views that both government and corporate bond yields will move lower, driving solid returns. It's also insufficient pressure to get in the way of an equity market rally, in the view of our U.S. equity strategy team. The fiscal package that just passed Congress might not be a major boon to the economy overall, but it does help margins for large cap companies, who by the way are more exposed to tariffs through China, Canada, Mexico, and the EU – rather than the countries on whom tariff increases were announced this week. Finally, How could we be wrong? Well, pay attention to negotiations with those geographies we just mentioned: Mexico, Canada, Europe, and China. These are much bigger trading partners not just for U.S. companies, but the U.S. overall. So meaningful escalation here can drive both top line and bottom line effects that could challenge equities and credit. In our view, tariffs with these partners are likely to land near current levels, but the path to get there could be volatile. For the U.S., Mexico and Canada, background reporting suggests there's mutual interest in maintaining a low tariff bloc, including exceptions for the product-specific tariffs that the U.S. is imposing. But there are sticking points around harmonizing trade policy. The dynamic is similar with China. Tariffs are already steep—among the highest anywhere. While a recent narrow deal—around semiconductors for rare earths—led to a temporary reduction from triple-digit levels, the two sides remain far apart on fundamental issues. So when it comes to negotiations with the U.S.' biggest trading partners, there's sticking points. And where there's sticking points there's potential for escalation that we'll need to be vigilant in monitoring. Thanks for listening. If you enjoy Thoughts on the Market please leave us a review. And tell your friends about the podcast. We want everyone to listen.