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In the final hour, NFL executives worried about a lackluster 2026 QB draft class, ‘I don't love any of them. Could that affect the Titans' No. 1 Pick trade value? They wrap up the show
Check out our new episode on Circle Of Debate as in episode 266 Blockbuster Lackluster as we discuss...One Last Time Tournament review Franki Kazarian New TNA World Champion best or worst decision ?Who will resign or leave TNA ?WWE Survivor Series Booking ?AEW Full Gear PreviewBlockbuster or Lackluster in Pro Wrestling? And more!!!Make sure you subscribe to our channel and enjoy the show!!!==================================Find us wherever you find Circle Of Debatehttps://linktr.ee/CircleOfDebate==================================The Wrestling Delorean Podcasthttps://linktr.ee/wrestlingdeloreanpo..==================================Get your TRWT Merch at the Link belowhttps://trwtmerch.threadless.com/==================================For all sports news, & entertainment news, pro wrestling & more go to https://gamebreakersports.com/==================================GETCHO PODCAST https://linktr.ee/getchopodcast==================================Every picture tells a story so let me help tell your Story:Call us & Reserve your Date323-599-9002Email us jesscova1 @gmail.com Follow us on our social media platforms / jessecovaphotography https://www.facebook.com/profile.php?... / jesse.cova.photog ==================================#wwesurvivorserieswargames #aewfullgear #nxtgoldrush #tnawrestling #wwe #aew #tna #nxt #njpw #aewnews #wwenews #tnawrestlingnews #njpwnews #nxtnews #tonykhan #tripleh #tommydreamer #aewdynamite #aewcollision #wweraw #wwesmackdown #tnaimpact #tnawrestling #joehendry #mikesantana #frankiekazarian #nicnemeth #hardyboyz #kelanijordan #tessablanchard #moose #rickysaints #obafemi #lolavice #tatumpaxley #jordynnegrace #blakemonroe #solruca #zaria #jevonevans #leonslater #darkstate #trickwilliams #jacobfatu #gunther #becky #ajlee #rhearipley #iyosky #charlotteflair #alexabliss #stephanievaquer #giulia #kabukiwarriors #niajax #lashlegend #jadecargillwwe #chelseagreen #ethanpage #kylefletcher #doncallis #youngbucks #kennyomega #timelesstonistorm #minashirakawa #mercedesmone #krisstatlander #darbyallin #orangecassidy #konsuketakeshita #kazuchikaokada #penta #reyfenix #deathriders #jonmoxley #ftr #brodido #samoajoe #hangmanpage #cmpunk #paulheyman #bronbreakker #bronsonreed #codyrhodeswwe #romanreigns #brocklesnar #johncena
In this episode of PWTorch Dailycast series "Acknowledging WWE," Javier Machado and Jorge Machado acknowledge:Multiple titles change handsSurprise Chelsea title win; what does it mean for Giulia?Charlotte and Bliss dropping the titles opens up new match-upsThe dangers of Cargill vs. CharlotteWorf-effect vs. kick-the-dog tropesWhat's next for Tiffany?Cena wins the IC title and how it might change the outcome of the Last Time Is Now TournamentLackluster War Games announcementsJericho criticizes AEW, puts over TNAWomen's tag team picture is looking strongJorge's thoughts on titles and how they should be usedCan Maxxine Dupri pull off an upset?Logan Paul x VisionWho really took out Jacob Fatu?"Dungeon & Dragons: Honor Among Thieves" mini reviewJorge catches up on Bayformers...and moreBecome a supporter of this podcast: https://www.spreaker.com/podcast/pwtorch-dailycast--3276210/support.
Is how the Broncos won over the Raiders a cause for concern? Has Nix's struggles this year affecting your expectations of him remaining with the team long-term? How key is a quick start to Sunday's game to beating the Chiefs? All this and more in this week's Something Something Broncos! Learn more about your ad choices. Visit megaphone.fm/adchoices
"McElroy & Cubelic In The Morning" airs 7am-10am weekdays on WJOX-94.5!See omnystudio.com/listener for privacy information.
Wisconsin ranks next-to-last in the nation when it comes to arts funding, spending about 18 cents per person, according to the National Assembly of State Arts Agencies. So what gives? And what are our state's children missing out on when they don't have access to creative outlets in school? Erica Halverson, professor of curriculum and instruction at UW-Madison's School of Education, is trying to make arts more accessible in Madison schools. As the co-founder of a program called Whoopensocker, she's bringing innovative storytelling techniques to classrooms across the state. Today, host Bianca Martin chats with Erica to find out what's in store for the future of arts education in Wisconsin.
After several impressive wins over MEM, LAC, and DEN the Warriors start their mini road trip against the shorthanded Bucks coming up short due to turnovers, poor shooting, and an inability to stop Ryan Rollins. Tune in as Sam Orlik breaks it all down. SUBSCRIBE, Rate and Review on iTunes and follow @EthosWarriors for all of our Warriors coverage! Manscaped is BACK, baby! Just like the NBA! Use coupon code HOOPBALL20 to get 20% off and free shipping on your purchase at Manscaped.com! Want more codes? We got 'em! ExpressVPN is offering 3 BONUS months on every 12-month membership purchase by using this special link: https://www.expressvpn.com/hoopball Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
On Tuesday's Daily Puck Drop, Jason “Puck” Puckett opens the show discussing last night's amazing World Series game and contrasting it to last week's miserable game seven with the Mariners. Jim Duquette, MLB Network Radio stops by to talk World Series, Mariners offseason and the disastrous managing of Dan Wilson. Danny Kelly, The Ringer pays his weekly visit to talk NFL weekend storylines, including all the dog games from this past week, the Seahawks Super Bowl odds and what trades could we see and want from Seattle. over to college football as John Canzano, JohnCanzano.com, discusses all the firings in college football and the money being owed and if it's sustainable. Washington and Oregon appear to be on a collision course at the end of the season. John touches on the problem off the field for Oregon State and they wrap up with the Chauncy Billups NBA betting scandal. Puck wraps up the show with, “Hey, What the Puck!?” Seahawks aren't Super Bowl contenders…yet(1:00) Puck (9:43) Jim Duquette, MLB Network Radio (38:09) Danny Kelly, The Ringer (1:03:04) John Canzano, JohnCanzano.com (1:45:26) “Hey, What the Puck!?”
Kevin O'Connor welcomes Andrew Sharp to break down the NBA's opening night action. From the double-overtime Rockets-Thunder thriller and SGA's game-winning free throw to standout performances by Alperen Sengun and Amen Thompson, the duo examine early trends and dynasty potential in Oklahoma City. Kevin and Andrew also spotlight Lakers-Warriors, questioning Deandre Ayton's usage and what LeBron James' odd body language on the bench might mean for his future in LA.Then, Utah Jazz rookie Ace Bailey joins the show to break down his game, from implementing dribble-handoff sets to why he wants to perfect the mid-post. Ace talks learning reads, modeling his game after Kevin Durant, embracing life in Utah and his rookie goals.(0:34) Rockets vs. Thunder recap(21:16) Warriors vs. Lakers recap(42:44) NBA on NBC(1:08:44) Ace Bailey joins the show
MRKT Matrix - Wednesday, October 22nd Dow closes down 300 points on trade fears, latest earnings (CNBC) Government shutdown becomes 2nd longest in U.S. history (CNBC) China's Phone Makers Are Chasing Xiaomi, Not Apple (Bloomberg) Is the Flurry of Circular AI Deals a Win-Win—or Sign of a Bubble? (WSJ) Amazon's switch to robots over human warehouse employees will save it up to $4 billion a year, Morgan Stanley says (CNBC) AI is already taking white-collar jobs. Economists warn there's ‘much more in the tank' (CNBC) Hundreds of public figures, including Apple co-founder Steve Wozniak and Virgin's Richard Branson urge AI ‘superintelligence' ban (CNBC) Meta Cutting Roughly 600 AI Jobs as Company Aims to Move Faster (Bloomberg) Google claims ‘quantum advantage' again - but researchers are skeptical (Nature) --- Subscribe to our newsletter: https://riskreversalmedia.beehiiv.com/subscribe MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs
The parable of the Good Samaritan is unique to Luke's Gospel and yet is one of the passages of Scripture most firmly embedded in our cultural lexicon, but do we really understand it? Do we really hear it with the same shock that the original audience would have? Further, do we allow it to challenge our preconceived notions as Jesus intended? Tune in and allow Scripture to overwhelm your familiarity with fresh insights as we all strive to follow after the ever-surprising Jesus.
3HL - 10-21-25 - Hour 1 - Titans WR Room Looking Lackluster Ahead of Week 8See omnystudio.com/listener for privacy information.
It was a Monday Night Nightmare in Seattle as the Texans looked unprepared and overmatched by the Seahawks. Will this listless performance prompt changes around play-calling and, in the big picture, will Nick Caserio be held accountable for his inability to construct an o-line to protect CJ Stroud?
From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored and reported by CNBC's Jessica Ettinger. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Hour 4 in Full
Trail and Brady unpack Trail's recent archery hunt. In this episode, they recap the hunt day by day, break down key takeaways, and discuss how weather and pressure impacted elk movement and bugling. They also dive into the biology of the elk rut: what drives it, how it progresses, and how understanding the rut can help guide future decisions. Finally, we talk lightning safety in the backcountry—what to do, what NOT to do, and how to avoid danger in the backcountry.
In this episode of the Drive Pink Dialogue podcast, Scotty and special guest Marc Gonzalez from the False 9 podcast discuss Inter Miami's 1-1 draw with Toronto FC, Lionel Messi, Jordi Alba, Tadeo Allende, Rodrigo de Paul, what went right, how Javier Mascherano managed the game, and as always, they give out some awards.
Kevin O'Connor is joined by David Thorpe to preview the NBA Southeast Division. Can Desmond Bane and Paolo Banchero's Orlando Magic win the East? What's happening with the Miami Heat roster and can Trae Young be counted on to lead the Hawks to a title? Plus, why Charlotte's hopes hinge on LaMelo Ball meanwhile the Wizards wait to see if there's a true star on their young squad.(0:20) Southeast Division breakdown(0:27) Orlando Magic preview(14:16) Miami Heat preview(20:31) Atlanta Hawks preview(32:39) Charlotte Hornets preview(43:57) Washington Wizards preview
It's just one game. It's not time to panic over the offense is it? Will Sean Payton highlight the run plays on his call sheet? Will the offense play up to their potential? What will the defense do to contain Daniel Jones? All this and more in this week's Something Something Broncos. Learn more about your ad choices. Visit megaphone.fm/adchoices
Not the start we wanted to see. Are we sounding the alarm or are we just seeing alarming things? Lots of areas to improve in for these Lions, but can all this be cleaned up quickly? New coordinators, new offensive line interior, energy level lacking, what was the biggest thing for you? Comment below. Lets go Lions!
From '6 Rings & Football Things' (subscribe here): Make no mistake about it, the Patriots laid an egg in their 2025 home opener and the debut of the Mike Vrabel era, with the Raiders firmly in control en route to a 20-13 loss at Gillette. @FitzyGFY has a quick breakdown of the action and dissatisfaction. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
From '6 Rings & Football Things' (subscribe here): Make no mistake about it, the Patriots laid an egg in their 2025 home opener and the debut of the Mike Vrabel era, with the Raiders firmly in control en route to a 20-13 loss at Gillette. @FitzyGFY has a quick breakdown of the action and dissatisfaction. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Make no mistake about it, the Patriots laid an egg in their 2025 home opener and the debut of the Mike Vrabel era, with the Raiders firmly in control en route to a 20-13 loss at Gillette. @FitzyGFY has a quick breakdown of the action and dissatisfaction. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Thursday's 9am hour of Mac & Cube saw Wimp Sanderson, former men's basketball coach at Alabama, tell us how he handled a team when they didn't have it like Alabama did against FSU; then, Dusty Dvoracek, CFB analyst for ABC and ESPN, says why Oklahoma-Michigan is a must win for Venables, and what the keys to victory will be in the Illinois-Duke game he's calling; later, the NFL gets underway tonight as Greg hopes his Cowboys looks competitive; and finally, the guys love that, even though the NFL is big & gets underway tonight, our area of the country loves College Football! "McElroy & Cubelic In The Morning" airs 7am-10am weekdays on WJOX-94.5!!See omnystudio.com/listener for privacy information.
On today' Daily Puck Drop, Jason “Puck” Puckett is joined by the Go-2-Guy, Jim Moore, Ryan Divish of the Seattle Times, Rob Staton from SeahawksDraftBlog.com and the “Old Crimson” returns with Puck, Jim and former Cougars All-American safety Paul Sorensen. Puck and the Go-2-Guy open the show lamenting the Mariners and wonder if they are going to make the playoffs and will it come down to the final game of the season! MLB Insider Ryan Divish, Seattle Times joins Puck from Tampa, to discuss the Mariners woes on the road, their playoff chances, the struggles of the pitching staff, team meetings, Luis Castillo struggles and fatigue setting in for the M's. Puck gives you a sneak peak of this weeks Divish podcast, but the full podcast is available for Puck's Posse members at PuckSports.com! Puck switches gears and covers the Seahawks with Rob Staton, SeahawksDraftBlog.com. What is the outlook for this season? Can they win the division? The NFC doesn't look scary. And, can Sam Darnold be the guy?Over to college football, and the boys on the “Old Crimson” podcast dissect the week one win over Idaho. Lots of Cougar fans, including Puck and Jim came away nervous about the rest of the season, but Paul is here to yell at those two and tell them to relax! They chat about the decision to go with Jaxon Potter, Jimmy Rogers coaching debut and what happened to the physical running game we expected?Lastly, Puck wraps up the show with, “Hey, What the Puck!?” M's, don't do this to me and us this year….please! (1:00) Puck and Jim lament over another M's loss on the road (23:10) MLB Insider Ryan Divish (44:00) “Inside the Bloody Trenches” with Rob Staton (1:17:05) “Old Crimson” podcast with Puck, Jim and Paul Sorensen (1:59:15) “Hey, What the Puck!”
Aaron Torres and Arnie Spanier start the show off talking about Alabama's disappointing start to the season with a loss to Florida State. They then get into Arch Manning and Texas' struggles, before discussing Garrett Nussmeier's stellar performance to lead LSU over Clemson. Aaron and Arnie then discuss USC scoring 73 points in their first game, and UCLA's disappointing first game with Nico Iameleava. Next, Aaron and Arnie talk about the Micah Parsons trade and whether or not it will work out in the long run for the Cowboys. Aaron and Arnie question Jerry Jones' refusal to go all in on Cowboys when they are paying their QB the largest contract in the NFL. Alabama insider Ryan Fowler then joins the show before Steve DeSaegher's extended update. Aaron and Arnie then discuss Alabama's path to still making the CFP, is their season salvageable? They also continue to discuss Arch Manning's lackluster Week 1 performance. Finally, both Aaron and Arnie give their best picks for Notre Dame vs. Miami, North Carolina vs. TCU, and Cowboys vs. Eagles. See omnystudio.com/listener for privacy information.
If not want love? Why love shaped? A second book by Jere Anthony, previously we read Don't Call Me Daddy. Sweet. Romantic. Lackluster? Listen and find out.
The Jaguars held their final training camp practice on Thursday in Miami in a joint session with the Dolphins. And it probably wasn't the best day for Jacksonville as both sides of the ball had uneven showings against the Dolphins. Jamal St. Cyr recaps a difficult day for the Jaguars. Learn more about your ad choices. Visit megaphone.fm/adchoices
Find the 9 Points Rating System here: https://www.alostplot.com/9-points/ Find the Spiderman Homecoming podcast episode here: https://www.podomatic.com/podcasts/maverick51411/episodes/2025-08-06T04_00_00-07_00 In this episode of the Lost Plot Podcast, hosts Maverick and Andrew delve into the intricacies of Spider-Man: Far From Home. They discuss the film's character development, particularly focusing on Peter Parker's regression, the impact of Tony Stark's death, and the dynamics of relationships, especially with MJ. The conversation also touches on the portrayal of Mysterio as a compelling villain and the role of side characters like Happy Hogan and Nick Fury. The hosts reflect on the broader implications for the MCU and how this film fits into the larger narrative.---------Highlights:0:00 ‘Spiderman Far From Home' Introduction4:03. Opening Scene7:34 Spiderman34:28 Quentin Beck or Mysterio43:16 Losses, Revelations, and the Climax55:12 Side Characters: MJ1:03:49 Happy and Aunt May1:10:30 Nick Fury and the Lasting Impact#spiderman #spidermanfarfromhome #mysterio #quentinbeck #alostplot #tomholland #peterparker #zendaya #film #filmthoughts #mcu #marvel #marvelstudios
The Mets lost again last night and only got one hit, a solo Soto HR in the ninth. They were swept by the Guardians. Jerry didn't like Soto's effort in right field. The Mets are being booed at home, which Boomer can't believe with a $400 million roster.
The Cinematic Schematic hosts Caleb Masters and Laron Chapman close out the summer holidays with a review of the 2025 sequel/reboot to 'I Know What You Did Last Summer' with guests Danny Salemme and Kirsten Therkelson. The post 'I Know What You Did Last Summer' Dulls Its Blade in Lackluster Reboot – The Cinematic Schematic appeared first on The Cinematropolis.
8/1/25 - The Tigers' lackluster trade deadline activity, Cookie Jar, Takeaways from the Hall of Fame Game
7:00 HOUR: Listener reaction to the Tigers' lackluster deadline activity, Cookie Jar
After finally escaping from a Canton elevator, Ben talks with Kory about an underwhelming display from Lions players vying for roster spots. They break down some disappointing backup quarterback play and ask if the Brodric Martin experiment might be coming to a close. The guys also highlight some bright spots like standout performances from Isaac TeSlaa, Rock Ya-Sin, and others. Learn more about your ad choices. Visit megaphone.fm/adchoices
Brenden joins from the road to fire off his takes about the Cardinals' disappointing trade deadline. Rob Veno of WagerTalk.com joins to talk AFC West and the Parsons/McLaurin holdouts. Plus, Under The Bus to a Texas receiver throwing shade to his former QB!
Rico and Stoney began today's show reacting to the Tigers' trade for reliever Kyle Finnegan and the lack of any other significant moves. They wondered if this was enough and took a few of your calls on the topic. Then, David joined for an In Football Today.
There was lots of hype about making big additions, but Craig Breslow and the Red Sox only added two rental pitchers which has fans up in arms once again after another year of failed expectations.
Qualcomm CEO Cristiano Amon discusses the lackluster growth in the smartphone market but the focusing on the long term growth in other technology areas, such as IOT and automotive. Amon spoke with Bloomberg's Ed Ludlow.See omnystudio.com/listener for privacy information.
Learn more about your ad choices. Visit megaphone.fm/adchoices
How do we fell about the Bruins football program in recent memory?
Orlando City Podcast: Orlando City LACKLUSTER Draw vs. CF MONTREAL, NYCFC is NEXT! Real Expectations#orlandocity #mls #nycfc #cfmontreal
Off the final weekend of June there's lots to go over from Anaheim, CA, to Wichita, KS and even, Quebec, Canada and we're ready to do it on the newest "Fight Freaks Unite Recap" show/podcast.This edition aired live on our Big Fight Weekend Youtube page Saturday night with host T.J. Rives in Anaheim for the Jake Paul-Julio Cesar Chavez, Jr. PPV giving his insight and insider Dan Rafael providing his analysis on the entire weekend.They begin with the recap of the Saturday night MVP/Golden Boy showthat saw Jake Paul easily decision a badly faded Julio Cesar Chavez Jr. over 10 rounds. Big Dan is long over this fight, but T.J. has more on what he saw first hand and what's next for Jake? In the co-feature Cruiserweight Gilberto “Zurdo” Ramirez rallied to beat Yuniel Dorticos and retains his WBO/WBA titles. Zurdo didn't look great, but could be in for a huge payday next.Also, a series of thrilling KO's on the undercard for Welterweight Raul Curiel over Victor Rodriguez in a WBA eliminator and Julian Rodriguez's dramatic KO10 with seconds left in the fight with Avious Griffin. Plus, lightweight rising prospect Floyd Schofield destroyed Tevin Farmer with two quick knockdowns in a 2 min TKO win. The boys have takes on it all.Next, a recap of the Friday night Global Combat Collective main event in Wichitawith former WBC heavyweight champ Deontay Wilder returning for a TKO7 against Tyrrell Herndon. It was expected and now what's next possibly for Wilder? And, a final Recap of the Friday night Eye of the Tiger main event in QuebecSuper middleweight Christian Mbilli destroyed Maciej Suleki in the first round and wins vacant WBC interim title. Now, is he in the picture for that name "Canelo" possibly for 2026??It's all part of the "Fight Freaks Unite Recap" Show and podcast. Make sure that you are subscribed to this feed on Apple/Spreaker/Spotify, etc.!
C&R are back in Los Angeles! They were not impressed by OKC's celebration last night. Why the lack of excitement? The guys take calls from all over the country about it. KD to Rockets was also underwhelming? Plus, the show laughs about "The Big Dumper" & "The UV!" See omnystudio.com/listener for privacy information.
1. Kendrick Lamar 2. Engine Cat 3. Bonsai 4. Grocery Trip 5. Lackluster
Christian Polanco and Alexis Guerreros break down the USMNT's loss to Turkey and why it might be time to worry about Mauricio Pochettino as the USMNT's head coach. The boys also preview the upcoming game against Switzerland and what we need to see from the team ahead of the Gold Cup. Christian and Alexis then react to Landon Donovan's recent comments about the players absent from the USMNT squad ahead of the Gold Cup. Were his comments deserved our out of line?Later, Christian and Alexis give us their Champions League perspectives for some teams making their way back to the competition. How will the likes of Tottenham, Newcastle, Napoli & others fare next season?(4:30) - Time to worry about Pochettino as USMNT head coach?(19:00) - USMNT vs. Switzerland preview(28:00) - Landon Donovan's comments fair our out of line?(42:45) - Champions League perspectives: Tottenham, Newcastle, Napoli & more Subscribe to The Cooligans on your favorite podcast app:
The Knicks are down 3-1, leading Gio to declare the series over, though Boomer holds out until the Pacers win their fourth. Boomer noted the Knicks' best defensive players "got torched," highlighting the team's inconsistency. The Knicks face elimination at home, a place they haven't played well. In other sports, the Yankees beat the Angels, and the Mets defeated the White Sox. Oddly, Brandon Nimmo made a baserunning blunder. Off the field, Terry Bradshaw weighed in on Aaron Rodgers, and Tyreek Hill had a blunt take on Travis Hunter. The hour ended with Knicks fans calling in, one suggesting Thibs be fired.
Who is most to blame for the Red Sox' lackluster season? Curtis says it's one of 3 people
Our analysts Seth Carpenter and Serena Tang discuss why they believe the global economy is set to slow meaningfully in the second half of 2025.Read more insights from Morgan Stanley.----- Transcript -----Serena: Welcome to Thoughts on the Market. I'm Serena Tang, Morgan Stanley's, Chief Global Cross-Asset Strategist.Seth: And I'm Seth Carpenter, Morgan Stanley's Global Chief Economist.Serena: Today we'll discuss Morgan Stanley's midyear outlook for the global economy and markets.It's Wednesday, May 21st at 10am in New York.Seth, you published a year ahead outlook last November. Since President Trump took office back in January, there's been pretty significant policy and economic uncertainty and quite a few surprises. With this in mind, what is your current outlook for the global economy for the second half of this year and into 2026.Seth: So, we titled the outlook Skewed to the Downside because we really do think the U.S. economy, the global economy, is set to slow meaningfully from where we were coming into this year. Let's start with the U.S.As you said, policy changes came in a lot this year since the new administration took over. I would say the two key ones from a macro perspective so far have been trade policy and immigration policy.Tariffs have gone up, tariffs have gone down, tariffs have been suspended. Right now, what we think is going to ultimately take place is that we will see persistent, notable tariffs on China, lower tariffs on the rest of the world, and then we'll have to see how things evolve. What does that mean? Well, it means for the U.S. higher inflation and lower growth. In addition, immigration reform means that growth is going to slow because the growth rate of the labor force is going to slow.Now around the rest of the world, the tariff shock matters as well. When the U.S. puts in tariffs on its imports from other countries, that's negative demand for those other countries. So, we're looking for pretty weak growth in the euro area. Now, I will note, lots of people were excited about possible expansionary fiscal policy in Germany, and we think that's still there. We just don't think it's enough to give the euro area robust growth.In Asia, China's a main driver of the economy. China is a big recipient of these tariffs. We think the deflation cycle that we expected in China keeps going on. This reduction in demand from the U.S. is not going to help, but there'll probably be a little bit at the margin offsetting fiscal policy.So, what does that mean put together? Lackluster growth in China. Call it 4 percent slow growth for yet another year. Overall, the global economy should step down. Will it be a recession? That's one of the key questions that we hear from clients, but we don't think so. Not quite. Just a meaningful step downSerena: Interesting. Any particular regions that seem to be bright spots or surprises -- or perhaps have seen the biggest shift in your outlook?Seth: I guess I'd flag two potential bright spots around the world. The first is India. India has been, for us, a favorite. It will have the highest growth rate of any economy that we have in our coverage area. And because it's such a big economy, that's part of why the global economy can't lose that much steam. India has lots going for it. There are cyclical factors boosting growth in the near term. But there are also longer-term structural policy driven reasons to think that Indian growth will stay solid for the foreseeable future.I guess I'd also throw in Japan. Now its growth rate isn't going to be anywhere near the kind of growth in number terms that we're going to see from India. But this has to be taken in the context of 25 years of essentially zero growth of nominal GDP. The reflationary cycle that we think started a couple years ago remains intact, even with the tariff shock. And so, we're pretty optimistic still that Japanese reflation will continue.Serena: And to what extent are U.S. tariffs contributing to global inflationary pressures? I mean, how do you expect the Fed and other central banks to respond?Seth: The tariffs are imposed by the United States on most of the imports coming into the country, whereas other countries, maybe they have some retaliatory tariffs just against the U.S., but definitely not as broad as the U.S. That means for the U.S. tariffs are going to drive up inflation domestically and drive down growth, whereas for the rest of the world, it's mostly just a negative demand shock. So, they will be disinflationary for the rest of the world and pushing down growth.What does that mean for central banks? Well, outside of the U.S., central banks are going to see this as slowing aggregate demand, and so it's pretty clear what it is that they want to do. If they were hiking, they can stop hiking. If they were going to hold steady, they can lower rates a little bit. And if they were already lowering interest rates like the European Central Bank, well they can probably keep going with that without having to worry. And that's why we think the ECB is going to lower its policy rate to probably 1.5 percent and maybe even lower, which is below where the market is expecting things.Now for the Fed, things are much more tricky. The Fed cares about inflation, the Fed cares about U.S. growth, and both of those variables are going in the opposite direction of what they want over the rest of this forecast. Right now, inflation's too high for the Fed, and history shows that inflation goes up first with tariffs before the growth rate hits. So, the Fed's probably going to wait until the hard data show a bigger slowdown in the economy, a worsening. And the labor market. That is a bigger concern for them than the already too high inflation that is set to rise further over the rest of the year.Serena: And in your view, how does trade policy uncertainty influence business investment, particularly in export-oriented industries or in economies tightly linked to U.S. demand?Seth: Yeah. I think it has to be negative and therein lies one of the biggest challenges is just how negative. And I can't say for sure. But what we do know is that an uncertainty tends to be very negative for business investment spending decisions. If you're trying to make a decision, should I build a new factory?This is something that's going to have a long life to it, and you're going to get benefits hopefully for several years. How big are those benefits relative to the cost? Well, right now it's not at all clear, and so there's an option value to waiting.And we think that uncertainty is depressing investment decisions right now. I think it has to affect export-oriented industries. There's a lot of questions about what sort of retaliatory tariffs, other countries might impose.But it also affects domestic driven businesses because, well, they're going to have to see what their demand is. And some of the ones that are just focused on the U.S. economy are selling imported goods. So, it affects businesses across the board. Serena: Right. And how do U.S. tariff hikes spill over into emerging markets, and how might these countries buffer against these shocks?Seth: Yeah, I think there's a range of outcomes and the range is as wide as there are different countries. If you stay close to home. Take Mexico. Mexico is a big trading partner with the U.S. and early on in this whole tariff discussion, they were actually the targets of lots of tariff threats. That could have hurt them directly because there'd be less demand for their exports to the United States.Now we've got some resolution. We have the trade agreement with Canada and Mexico, and most of Mexico's exports to the U.S. are exempt under those conditions. However, the indirect effect is important as well. Mexico is very attached to the U.S. economy, and so as the U.S. economy slows because of these tariffs, the Mexican economy will slow as well.But there's also an indirect effect through currency markets, and I think this is a channel that's more broadly applicable across EM. If the Fed is going to be on hold, like we think holding interest rates higher for longer than the market might currently think, that means that EM central banks who might want to lower their policy rate to support their economy are going to be caught in a bit of a bind.They can't afford to take the risks that their currency will misbehave if they ease too much too far ahead of the Fed. And so, I think there is a little bit of a constraint for EM central banks, thinking about how much can I attend to domestic matters and how much do I have to pay attention to external matters?Serena: Now, I know forecasting economic growth is difficult in even the best of times, and this has been a period of exceptional volatility. How are you and your economic colleagues factoring all of this uncertainty?Seth: It's a great question and luminary minds like Neils Bohr, the Nobel Laureate in physics, and Yogi Berra, everyone's favorite prophet, have both said, ‘Forecasting is hard, especially about the future.' And this time, as you note, is even more so. So, what can we do? We try to come up with as many different scenarios as we can. We ask ourselves not just what's the most likely outcome, because there's uncertainty. The policy changes could come fast and furious. We also try to ask ourselves, if tariffs were to go back up from where they are now, how would that outcome turn out. If tariffs were to go away entirely, how would that turn out?You have to start thinking more and more, I think, in terms of scenarios.Serena: And does this, in your view, change how much or how little investors should focus on the macro economy?Seth: Well, I think it means that investors have to focus every bit as much on the macro economy as they have in the past. I think it's undeniable that if we're right – and the U.S. economy slows down materially, and the global economy slows down with it – longer-term interest rates are probably going to come down along the lines of what our colleagues in interest rate strategy think. That makes a lot of sense to me. I think the trickier part though is knowing where the macro economy is going.We've got our forecast, but we are ready to make a revision if the facts change. And I think that's the trickier part for investors. The macro economy still matters but having a lot of conviction about where it's going, and as a result, what it means for asset prices? Well, that's the trickier part.Serena, you've been asking me lots of questions and they've been great questions, but I'm going to turn the table. I'm going to start asking questions right back to you.But we probably have to save that for another episode. So, let's pause it there.Serena: That sounds great Seth.Seth: And to the people listening, I want to say thanks for listening. And if you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or a colleague today.
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