Podcasts about munis

Kathy Jones and Liz Ann Sonders discuss the pause on some tariffs and the impact on the equities market. Then, Kathy interviews Cooper Howard about the features of municipal bonds in the current landscape. They explore the implications of federal funding on state and local governments and the challenges faced by higher-education institutions. The discussion also covers practical investment strategies for municipal bonds, including the importance of credit quality, diversification, and the considerations for investing in state versus in out-of-state bonds.On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting. If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresInvestors should consider carefully information contained in the prospectus, or if available, the summary prospectus, including investment objectives, risks, charges, and expenses. You can request a prospectus by calling 800-435-4000. Please read the prospectus carefully before investing.The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. 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Morgan Stanley Research analyst Mark Schmidt and Investment Management's Craig Brandon discuss the heightened uncertainty in the U.S. municipal bonds market.Read more insights from Morgan Stanley.For a full list of episode disclosures click here.----- Transcript -----Mark Schmidt: Welcome to Thoughts on the Market. I'm Mark Schmidt, Morgan Stanley's Head of Municipal Strategy.Craig Brandon: I'm Craig Brandon, Co-Director of Municipal Investments at Morgan Stanley Investment Management.Mark Schmidt: Today, let's talk about the biggest market you hardly ever hear about – municipal bonds, a $4 trillion asset class.It's Monday, May 5th at 10am in Boston.Mark Schmidt: If you've driven, flown, gone to school or turned on a tap, chances are munis made it happen. Although munis are late cycle haven, they were not immune to the latest bout of market volatility. Craig, why was April so tough?Craig Brandon: So, what we say in April, it was sort of the trifecta of things that happened that were a little different than other asset classes. The first thing that happened is we saw a significant increase in treasury rates – and munis are generally correlated to treasuries. We're a very high-quality asset class, that's viewed as a duration asset class. So, one thing we saw were rates going up. When we see rates going up, you generally see money coming out of the market, right? So, I think investors were a little bit impacted by the higher rates, the correlation to treasuries, the duration, and saw some flows out of the market.Secondly, what we saw is conversation about the tax exemption in Washington D.C. What that did is it caused muni issuers to pull their issuance forward. So, if you're an infrastructure issuer, you are issuing bonds in the next year to year and a half; you're going to pull that forward because if there's any risk of loss of the tax exemption, you want to get these bonds issued today. So that's basically what drives technicals. It's supply and demand. So, what we saw was a decrease in demand because of higher rates; an increase in supply because of issuance being pulled forward.And the third part of the trifecta we refer to is the conversations about the economy. So, I would put that, it's sort of a distant third, but there's still conversations about maybe credit weakness driven by a slowing economy.Mark Schmidt: Craig, your team has been through a lot of tough market cycles. Given your experience, how did the most recent selloff compare? And why was it not like 2008?Craig Brandon: I started my career back in 1998 during the long-term capital management crisis. I lived through 2008. I lived through the COVID crisis, and you know, really when I look at the crisis in 2008 – no banks went out of business three weeks ago, right? In 2008 we were really sitting on a trading desk wondering where this was going to end.You know, we had a number of meetings with our staff, over the last couple weeks explaining to them why it was different and how. Yes, there was some volatility here, but you could see that there was going to be an end to this, and this was not going to be a permanent restructuring of the market. So, I think we felt comfortable. It was very different than 2008 and it really felt different than COVID.Mark Schmidt: That's reassuring. But with economic growth set to slow sharply, how does your credit team think the fiscal health of America's state and local governments will hold up?Craig Brandon: Well, remember state and local governments, and when we're talking about munis, we're also talking about other infrastructure asset classes like water and sewer bonds. Like, you know, transportation, bonds, airports. We're talking about toll roads.They went into this with a very strong balance sheet, right? Remember, there was a lot of infrastructure money spent by the federal government during COVID to give issuers money to make it through COVID. There's still a lot of money on balance sheets. So, what we do is we're going into this crisis with a lot of cash on balance sheets, allowing issuers to be able to withstand some weakness in the economy and get through to the other side of this.Mark Schmidt: Not only do state and local governments have a lot of cash, but they're just not that impacted by tariffs, right? So why did muni yields perform worse than U.S. treasuries over the past couple of weeks?Craig Brandon: Right. It really… We're technically driven, right? The U.S. muni market is more retail driven than some other asset classes. Remember – investment grade corporates, treasury bonds, there's a lot of institutional buyers in those markets. In the municipal market, it's primarily retail driven.So, when you know, individual retail investors get nervous, they tend to pull money out of the market. So, what we saw was money coming out of the market. At the same time, we saw an individual increase in more bonds, which just led to very weak technicals, which when we see that it eventually reverses itself.Mark Schmidt: Now I almost buried the lede, right? Why invest in munis? Well, they're great credit quality, but they're also tax free. In fact, muni bonds have been exempt from federal taxes for over a century. You have a lot of experience putting together tax bills, and right now people are worried about tax reform. Do you think investors should be concerned?Craig Brandon: Listen. I'm not really losing a lot of sleep at night over the tax exemption. And I think there's other, you know, issues to worry about. Why do I say that?As you mentioned Mark, I spent the early years of my career working for the New York State Assembly Ways and Means Committee. I spent seven years negotiating budgets and what that did is it gave me a window – into how, you know, not only state budgets, but the federal budget gets put together.So, what it also showed me was the relationship between state and local elected officials and your representatives in Congress and your representatives in the Senate. So, I know firsthand that members of Congress and members of the Senate in Washington have very close relationships with members of the state legislatures, with governors, with mayors, with city council members, with school board members – who are all delivering the message that significantly higher financing costs that could potentially happen from the loss of the exemption, could be meaningful to them.And I think members of Congress and members of the Senate and Washington get it. They understand it because they were all there when it happened. The last time the muni exemption came under fire was back in 2012; and in 2012, a lot of members of Congress were in the state legislature back then, so they understand it.Mark Schmidt: That's reassuring because right now, tax equivalent yields in the muni market are 7 to 8 per cent. That's equal to or greater than the long run rate of return on the stock market. So, whether to invest in the muni market seems pretty straightforward. How to invest in the muni market? Well, with 50,000 issuers, that's a little complicated. How do you recommend investors get exposure to tax-free munis right now?Craig Brandon: Well, and that is a very common question. The muni market can be very confusing because there are just so many bonds out there. You know, over 50,000 issuers, there's over a million individual CUSIPs in the muni market.So as an individual investor, where do you start? There's different coupon structures, different call structures, different maturity structures, ratings. There's so many different variables that go into a decision in investing in muni bonds.I can make an argument that you could probably mimic the S&P 500 with 500 different stocks. But most muni indices are over 50,000 constituents. It's very difficult to replicate the muni market by yourself, which is why a lot of people, you know, they let professional money managers, do the investing for them. Whether you're looking at mutual funds, whether you're looking at separately managed accounts, whether you're looking at exchange traded fund ETFs, there's a lot of different ways to get exposure to the muni market. But with the huge amount of choices you have to make, I think a lot of individual investors would just let a professional with the experience do it.Mark Schmidt: And active managers let you customize portfolios to your unique tax situation and risk tolerance. So, Craig, a final question for you. How do munis fit into a diversified portfolio?Craig Brandon: Munis are generally the stable part of most people's portfolios. Remember, you don't have a choice of whether you're going to pay your taxes or not. You have to pay your taxes, you have to pay your water bill, you have to pay your power bill. You have to pay tolls on highways. You have to pay airport fees when you buy an airline ticket, right?It's not an option. So, because the revenue streams are so stable, you see most muni bonds rated AA or AAA. The default rate for rated munis is significantly below 1 per cent. It's something in the ballpark of about 0.2 per cent*. So, with such a low default rate – listen, we're technically driven, as I said. You see ups and downs in the market. But over a longer period of time, munis can give you generally stable returns, tax exempt income over the long term, and they're one of the more stable asset classes that you see in your overall portfolio.Mark Schmidt: That sounds boring, and I mean that in the best possible way. Craig, thanks so much for your time today.Craig Brandon: Thanks, Mark, happy to be hereMark Schmidt: And thank you 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.*“US Municipal Bond Defaults and Recoveries, 1970-2021” – Moody's Investor ServicesDisclosure: Past performance is no guarantee of future results. The returns referred to in the commentary are those of representative indices and are not meant to depict the performance of a specific investment.Risk ConsiderationsDiversification does not eliminate the risk of loss.There is no assurance that a portfolio will achieve its investment objective. Portfolios are subject to market risk, which is the possibility that the market values of securities owned by the portfolio will decline and that the value of portfolio shares may therefore be less than what you paid for them. 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Sex bei den Tieren dient der Fortpflanzung – so lernen wir es im Biologie-Unterricht. Aber seien wir mal ehrlich, wer hat nicht schon gesehen, wie sich junge Munis oder Schafe gegenseitig besteigen? Auch Biologinnen und Biologen beobachten das seit mehr als hundert Jahren. Aber lange haben sie homosexuelles Verhalten verschwiegen, oder als abnormal bezeichnet. Mit dem gesellschaftlichen Wandel ist das heute anders: Jetzt ist im Haupt-Verlag ein neues Buch zum Thema erschienen: «Queer: Sex und Geschlecht in der Welt der Tiere und Pflanzen», heisst es. Auch im Tierreich gibt es alle Spielformen der Sexualität: Von weiblichen Albatros-Paaren, die zusammen Küken grossziehen, über schwule Schafe bis zu Tieren, die das Geschlecht wandeln können. Und da gibt's von Zungenküssen unter Affen über Vergewaltigungen von Entenweibchen und Gruppensex unter männlichen Walrössern.

As stocks rallied, bonds sold off, but the munis could be the next play for bond investors. The S&P 500 battles a pivotal technical point.Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed.Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request.Past performance is no guarantee of future results, and the opinions presented cannot be viewed as an indicator of future performance.Investing involves risk, including loss of principal.Diversification strategies do not ensure a profit and do not protect against losses in declining markets.Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors.The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.(0131-0325)

With municipal bond exemptions potentially endangered and credit risks on the horizon, some may consider this to be a transformational time in the muni market. This month we welcome Patrick Haskell, managing director and head of the Municipal Bond Group at BlackRock, to discuss why he thinks it's a “generational opportunity to capture income” within the muni market. In this Masters of the Muniverse podcast, hosts and Bloomberg Intelligence analysts Eric Kazatsky and Karen Altamirano talk with Haskell about the opportunities in high yield, the rise of active ETFs and the outlook for munis amid the backdrop of tax-policy uncertainties.

"March is a difficult month for muni market," says Charles Schwab's Cooper Howard. He doesn't consider bonds the catalyst for volatility but admits it's a factor behind it. The next question resides in how recent market moves will affect the Fed's interest rate decision, or lack thereof, and how it will shift municipal bonds moving forward.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Lyle Fitterer discusses why he's optimistic about municipal bonds despite volatility's grip on markets. He also shares his thoughts on the Fed meeting and bond yields, and why he thinks now might be a great time to add high-quality munis to your portfolio.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

In this episode of the National Links Trust Podcast, we're joined by Tim Gavrich. Tim is a senior writer at GolfPass, and he covers nearly every facet of the game with a focus on golf travel, architecture, and products. A champion of municipal golf, Tim is perhaps best known for his "Munaissance" article series where he highlights municipal golf courses undergoing renovations and revitalizations.A native of Connecticut now living in Florida, Tim has seen countless architecturally and historically significant municipal facilities across the country. In this interview, Tim talks about municipal golf in his home state and in Florida, discusses the origins of the "Munaissance", and more.

En début d'après-midi, la plateforme ‘démilitarisation Losean Indien' a organisé une manifestation pacifique devant l'Hôtel du Gouvernement. Munis de pancartes, les manifestants ont exprimé leur opposition à la présence militaire à Diego Garcia, réclamant la démilitarisation de l'ile. D'après eux, l'accord conclu par le gouvernement mauricien constitue un « faux accord », tant que la base restera sous contrôle américain pour une durée de 99 ans. Dev Ramano, avocat et porte-parole de la plateforme, critique vivement cet accord, le qualifiant de « fake deal ». 

durée : 00:13:21 - Carnets de campagne - par : Dorothée Barba - Au programme des Carnets du jour en Savoie : une cantine humanitaire qui œuvre depuis plus de 40 ans à Chambéry, puis les potagers perchés sur les toits de l'association PoPEx.

Gracias a nuestros patrocinadores: Party Smart: http://himalaya.com.gt/es/products/pa... Transdoc: Transdoc.com Síguenos en nuestras redes sociales:Whatsapp: https://whatsapp.com/channel/0029VaFG...Spotify: https://open.spotify.com/show/6nwrSBj...Tiktok: / tangentepodcast Twitter: / tangentegt Facebook: / tangentegt Instagram: / tangente_gt

We provide a performance update and outlook for the municipal bond market, along with share views on positioning within the asset class. Plus, spend time assessing the implications of the ongoing California wildfires to muins. Featured is Sudip Mukherjee, Fixed Income Strategist Americas, and Jeannine Lennon, Municipal Strategist Americas, UBS Chief Investment Office. Host: Daniel Cassidy

In this conversation, Kathy Jones and Cooper Howard discuss the impact of climate shocks, particularly wildfires in Los Angeles, on the municipal bond market. They explore the risks associated with California municipal bonds, the financial implications for issuers, and the broader trends in climate-related events. Cooper emphasizes the importance of diversification for investors to mitigate potential risks and highlights the increasing frequency of climate shocks over the years. The discussion also touches on the role of federal assistance in managing the aftermath of such events. You can read more from Cooper Howard about municipal bonds, including the potential impact of climate shocks, on Schwab's Insights & Education site. Kathy and Liz Ann also analyze the latest inflation data and take a look ahead to the economic indicators that investors should be watching next week. On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting. If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve. Investing involves risk, including loss of principal.  Diversification strategies do not ensure a profit and do not protect against losses in declining markets.Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.Tax-exempt bonds are not necessarily a suitable investment for all persons. Information related to a security's tax-exempt status (federal and in-state) is obtained from third parties, and Schwab does not guarantee its accuracy. Tax-exempt income may be subject to the Alternative Minimum Tax (AMT). Capital appreciation from bond funds and discounted bonds may be subject to state or local taxes. Capital gains are not exempt from federal income tax.Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors. Lower rated securities are subject to greater credit risk, default risk, and liquidity risk.All issuer names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.(0125-HCN5)

durée : 00:03:57 - Un atelier cuisine solidaire à Auxerre pour venir en aide aux plus démunis

Ecoutez RTL Inside avec Yves Calvi du 27 décembre 2024.

After you listenRead Cooper Howard's 2025 Municipal Bond Outlook.Read Collin Martin's 2025 Corporate Bond Outlook.Read Kathy Jones's 2025 Treasury Bonds and Fixed Income Outlook.Follow the Schwab Center for Financial Research on X @SchwabResearch.Is the bond market caught between the Federal Reserve's plans to cut interest rates and the risk of higher inflation and federal debt levels? In Part 2 of our 2025 Market Outlook, we focus on the fixed income markets, including corporate and muni bonds. First, Kathy Jones interviews Collin Martin about his outlook for investment-grade corporate bonds, floating-rate notes, and preferred securities.Next, Cooper Howard offers his outlook on the municipal bond market. He and Kathy also discuss credit quality and the implications of potential tax law changes.Finally, Kathy gives her 2025 outlook for Treasuries and the fixed income markets overall. On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting.If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve. Investing involves risk, including loss of principal. Past performance is no guarantee of future results, and the opinions presented cannot be viewed as an indicator of future performance.Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.​Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors. Lower rated securities are subject to greater credit risk, default risk, and liquidity risk.Preferred securities are a type of hybrid investment that share characteristics of both stock and bonds. They are often callable, meaning the issuing company may redeem the security at a certain price after a certain date. Such call features, and the timing of a call, may affect the security's yield. Preferred securities generally have lower credit ratings and a lower claim to assets than the issuer's individual bonds. Like bonds, prices of preferred securities tend to move inversely with interest rates, so their prices may fall during periods of rising interest rates. Investment value will fluctuate, and preferred securities, when sold before maturity, may be worth more or less than original cost. Preferred securities are subject to various other risks including changes in interest rates and credit quality, default risks, market valuations, liquidity, prepayments, early redemption, deferral risk, corporate events, tax ramifications, and other factors.All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.Tax-exempt bonds are not necessarily a suitable investment for all persons. Information related to a security's tax-exempt status (federal and in-state) is obtained from third parties, and Schwab Center for Financial Research does not guarantee its accuracy. Tax-exempt income may be subject to the Alternative Minimum Tax (AMT). Capital appreciation from bond funds and discounted bonds may be subject to state or local taxes. Capital gains are not exempt from federal income tax.Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.This information is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, you should consult with a qualified tax advisor, CPA, Financial Planner, or Investment Manager.Indexes are unmanaged, do not incur management fees, costs and expenses, and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions.BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). Bloomberg or Bloomberg's licensors own all proprietary rights in the Bloomberg Indices. Neither Bloomberg nor Bloomberg's licensors approves or endorses this material or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.(1224-CMBF)

Comme chaque année, les membres des Club RFI Butembo (RDC) et Grand Popo (Bénin) se mobilisent pour offrir un moment chaleureux et convivial aux plus démunis.  Avec la participation de Roland Gnimadi, président du Club RFI Grand Popo, Kizito Makelele, président du Club RFI Butembo et Cornélia Mavrielli, jeune stagiaire de 3e et élève du Collège George Pompidou situé dans la ville de Courbevoie.  Musique : Joé Dwèt Filé - 4 KampéRéalisation : Steven Helsly

After you listenRead Cooper Howard's 2025 Municipal Bond Outlook.Read Collin Martin's 2025 Corporate Bond Outlook.Read Kathy Jones's 2025 Treasury Bonds and Fixed Income Outlook.Follow the Schwab Center for Financial Research on X @SchwabResearch.Is the bond market caught between the Federal Reserve's plans to cut interest rates and the risk of higher inflation and federal debt levels? In Part 2 of our 2025 Market Outlook, we focus on the fixed income markets, including corporate and muni bonds. First, Kathy Jones interviews Collin Martin about his outlook for investment-grade corporate bonds, floating-rate notes, and preferred securities.Next, Cooper Howard offers his outlook on the municipal bond market. He and Kathy also discuss credit quality and the implications of potential tax law changes.Finally, Kathy gives her 2025 outlook for Treasuries and the fixed income markets overall. On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting.If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed.  Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve. Investing involves risk, including loss of principal. Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors. Lower rated securities are subject to greater credit risk, default risk, and liquidity risk.Preferred securities are a type of hybrid investment that share characteristics of both stock and bonds. They are often callable, meaning the issuing company may redeem the security at a certain price after a certain date. Such call features, and the timing of a call, may affect the security's yield. Preferred securities generally have lower credit ratings and a lower claim to assets than the issuer's individual bonds. Like bonds, prices of preferred securities tend to move inversely with interest rates, so their prices may fall during periods of rising interest rates. Investment value will fluctuate, and preferred securities, when sold before maturity, may be worth more or less than original cost. Preferred securities are subject to various other risks including changes in interest rates and credit quality, default risks, market valuations, liquidity, prepayments, early redemption, deferral risk, corporate events, tax ramifications, and other factors.Tax-exempt bonds are not necessarily a suitable investment for all persons. Information related to a security's tax-exempt status (federal and in-state) is obtained from third parties, and Schwab Center for Financial Research does not guarantee its accuracy. Tax-exempt income may be subject to the Alternative Minimum Tax (AMT). Capital appreciation from bond funds and discounted bonds may be subject to state or local taxes. Capital gains are not exempt from federal income tax.Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.Indexes are unmanaged, do not incur management fees, costs and expenses, and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions.BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). Bloomberg or Bloomberg's licensors own all proprietary rights in the Bloomberg Indices. Neither Bloomberg nor Bloomberg's licensors approves or endorses this material or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.(1224-C0JD)

We wrap up our year-ahead series with a look at expectations for the municipal bond market in 2025, including how policy uncertainties and macro factors might impact munis, along with how investors should assess key trends and position within the asset class. Featured are Sudip Mukherjee, Senior Municipal Strategist Americas, Ted Galgano, Senior Municipal Credit Strategist Americas, & Jeannine Lennon, Senior Municipal Credit Strategist, UBS Chief Investment Office. Host: Daniel Cassidy

Sometimes we plan for good content.  Sometimes it just happens.  And sometimes Hambino says the F word 28 times and ruins anything.  Anyway, we went completely off script with Munis and Monsters for some great content.  This episode includes talk about golf courses, designer nerd talk and of course... somehow... Florida State Football.  Check out this weeks episode and of course check out Munis and Monsters on insta!

This week on the show, Maine and Josh recap the 2024 IBJJF Crown.In the news that section of the show, we discussed Mikey Musumeci's exclusive contract with UFC Fight Pass.  In the recap section of the show, we break down every finals match from all of the divisions at the 2024 IBJJF Crown.We kick off the recap discussing Erich Munis vs Marcus "Scooby" Ribeiro for the Men's Ultra Heavyweight final.  We talk about the Sweden game from Munis and his willingness to except the bottom position, repeatedly, knowing that he would be able to get a sweep at the end.  We discussed his wrestling and how he was able to go from bottom position to top position using great hip movement, then we discussed his Ezekiel choke finish to win the Crown back to back years. In Gabi Pessanha vs Melissa Cueto for the Women's Super Heavyweight final we talk about Gabi's guard game and what kind of a player it will take to be able to beat it. We also talked about her fantastic streak at black belt and also discussed her pathway to the back and rear naked choke finish to take back to back crown championships as well.In Adam Wardzinski vs Gustavo Batista for the Men's Heavyweight crown.  We talked about Adams fantastic butterfly garden and his single leg X and half butterfly guard combo.  We also discussed how his game has evolved over the years, with the inclusion of more half guard, allowing him to deal with the pressure from Batista and score and advantage to win the crown.We discussed Andy Murasaki walkover of Tainan Dalpra due to a broken hand in the Men's Middleweight division.  In Janaina Maia vs Brianna Ste-Marie for the Women's Lightweight crownWe discusses Brianna Ste-Marie's counter guard play and game and how she uses it to score at small margins, as well as her submission and positional work that allowed her to score 2 advantages to Maia one.  We also discussed our thoughts on the straight ankle lock advantage rule in IBJJF and how inconsistent advantage for submission attempts are scored. In Diego Pato vs Joao Mendes for the Men's Featherweight crown we discussed the slow pacing of the match, initially, followed by Diego, picking up the pace working towards the back and being able to finish Joao Mendes with a collar, choke by the tips of his fingers to take the crown.In the outro section of the show, we discussed the ongoing work on the podcast set. Recorded 11-17-2024

Aujourd'hui dans "Punchline", Laurence Ferrari et ses invités débattent des solutions face au rejet du budget 2025 par l'Assemblée nationale.

Aujourd'hui dans "Punchline", Laurence Ferrari et ses invités débattent des solutions face au rejet du budget 2025 par l'Assemblée nationale.

Alain a deux filles qui sont dépendantes à l'héroïne. L'une d'elle est en voie de sevrage. Mais son autre fille est dans une situation plus compliquée. L'année dernière, elle a confié à Alain et sa femme qu'elle avait été victime de viol lorsqu'elle avait 16 ans. Chaque soir, en direct, Caroline Dublanche accueille les auditeurs pour 2h30 d'échanges et de confidences. Pour participer, contactez l'émission au 09 69 39 10 11 (prix d'un appel local) ou sur parlonsnous@rtl.fr

« Le conflit actuel dans la bande de Gaza n'a pas provoqué de rupture diplomatique nette du continent avec Israël, relève Le Monde Afrique, et ce, contrairement à la guerre du Kippour cinquante ans auparavant, lorsque la majorité des États africains avait rompu tout lien avec lui. Aujourd'hui, seule l'Afrique du Sud – bien que premier partenaire commercial africain d'Israël – a fermé son ambassade à Tel-Aviv après sa saisine auprès de la Cour internationale de justice. Pretoria accuse l'État hébreu de violer la convention sur la prévention et la répression du crime de génocide. Il n'empêche, pointe Le Monde Afrique, Israël pâtit d'un sérieux déficit d'image en raison du nombre de victimes à Gaza. En témoignent les prises de position de l'organisation continentale, l'Union africaine, historiquement solidaire de l'Autorité palestinienne. Elle avait condamné, dès le 17 octobre de l'année dernière, les “crimes de guerre“ israéliens, par la voix du président de la commission de l'UA, Moussa Faki. »Les affaires continuent…Reste que « si l'État hébreu a perdu de son influence dans nombre de pays d'Afrique, Tel-Aviv tente néanmoins de la retrouver, constate encore Le Monde Afrique, notamment grâce à ses ventes de matériel militaire ou d'outils de cybersécurité. (…) Deux domaines qui ont historiquement fait figure de produits d'appel auprès de ses partenaires africains, en préambule d'un rapprochement politique. Ainsi, malgré le conflit au Proche-Orient, les affaires continuent discrètement, relève le journal qui cite quelques exemples : « la marine sénégalaise a reçu, en juillet, des navires de débarquement de fabrication israélienne ; le président de la RDC, Félix Tshisekedi, fait appel depuis plusieurs mois à une société privée dirigée par un ancien membre du Shin Beth (le service de renseignement intérieur israélien) pour sa protection personnelle ; le Maroc s'apprête à accueillir une usine de production de drones militaires israéliens et a acquis, en juillet, deux satellites d'observation vendus par Israël. »Souvenirs d'apartheid…Les manifestations les plus importantes en faveur de Gaza pour le premier anniversaire du conflit ont donc eu lieu en Afrique du Sud… Notamment « au Cap, relève le Huffington Post, où des centaines de personnes ont manifesté le week-end dernier, agitant des drapeaux palestiniens et scandant des slogans anti-israéliens. Munis de pancartes accusant Israël de génocide et de racisme, les manifestants - dont beaucoup portaient le keffieh, symbole de la lutte palestinienne contre Israël - se sont dirigés vers le Parlement sud-africain. “Israël est un État raciste“ et “Nous sommes tous des Palestiniens“, ont scandé des manifestants. (…) De nombreux Sud-Africains comparent la position d'Israël envers les Palestiniens à l'apartheid, le régime ségrégationniste imposé par la minorité blanche dans le pays jusqu'aux premières élections multiraciales de 1994. »Cameroun : le vieux lion gagnerait à sortir de sa tanière…À la Une également, les rumeurs sur l'état de santé de Paul Biya, 91 ans…Hier, les autorités camerounaises ont dénoncé des « commentaires tendancieux » et ont assuré que le chef de l'Etat se portait bien et rejoindrait le Cameroun dans les prochains jours. Paul Biya n'est plus apparu en public depuis son départ de Pékin début septembre, après le sommet du forum de la coopération Chine-Afrique. Il n'a pas participé à la dernière Assemblée générale de l'ONU à New York, ni au dernier sommet de la Francophonie, à Paris. Ce qui, évidemment, a provoqué des interrogations…Et c'est bien normal, relève le quotidien Aujourd'hui à Ouagadougou.« Si la santé de Paul Biya est intimement suivie, c'est qu'elle est consubstantielle à l'avenir du Cameroun. Les après-longs règnes sont forcément chahutés pour ne pas dire plus. En Côte d'Ivoire, au Burkina, au Togo… Surtout quand on sait que Paul Biya s'est méthodiquement attelé à trancher toutes les têtes de ses vrais-faux dauphins via des congédiements et même avec l'Epervier, du nom de son opération “Mains propres“. L'après-Biya demeure (donc) une énigme, constate encore Aujourd'hui, et chacun regarde le palais d'Etoudi, avec une gourmandise teintée de crainte. »Enfin, ce commentaire du Pays, toujours au Burkina Faso : « Si le président Biya veut couper court à toutes les folles rumeurs le concernant, il gagnerait, comme un vieux lion, à sortir de sa tanière et à rugir. »

durée : 00:29:08 - Les Bonnes Choses - par : Caroline Broué - Où en est la démocratie alimentaire? Alors que cette semaine la Martinique a connu des manifestations contre la vie chère et que quatre associations ont publié un rapport sur les dépenses publiques qui nourrissent un système alimentaire défaillant, nous faisons le point. - réalisation : Delphine Keravec

durée : 00:29:08 - Les Bonnes Choses - par : Caroline Broué - Où en est la démocratie alimentaire? Alors que cette semaine la Martinique a connu des manifestations contre la vie chère et que quatre associations ont publié un rapport sur les dépenses publiques qui nourrissent un système alimentaire défaillant, nous faisons le point. - réalisation : Delphine Keravec

durée : 00:29:08 - Les Bonnes Choses - par : Caroline Broué - Où en est la démocratie alimentaire? Alors que cette semaine la Martinique a connu des manifestations contre la vie chère et que quatre associations ont publié un rapport sur les dépenses publiques qui nourrissent un système alimentaire défaillant, nous faisons le point. - réalisation : Delphine Keravec

Robust new issue supply is creating relative value opportunities. Follow UsTwitter @NYLInvestmentsTwitter @MacKayMuniMgrsFacebook @NYLInvestmentsLinkedIn: New York Life InvestmentsLinkedIn: MacKay Municipal ManagersPresented by New York Life Investmentswww.newyorklifeinvestments.com MacKay Municipal Managers is a team of portfolio managers at MacKay Shields. MacKay Shields is 100% owned by NYLIM Holdings, which is wholly owned by New York Life Insurance Company. “New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company.

This week on The Reorg Primary View, Reorg's Hoa Nguyen speaks with Mohammed Murad, director of municipal credit research at PT Asset Management about high-yield muni performance in the first half of 2024 and what to expect in the upcoming months. Hoa and Mohammed also discuss criteria for an attractive healthcare or industrial development deal and where high-yield muni investors can look for opportunities in the second half of the year. And, as always, we bring you our weekly summary of interesting developments in the restructuring world as well as a preview of what's on tap for this week. For more information on our latest events and webinars, visit reorg.com/resources/events-and-webinars/ Sign up for our weekly newsletter, Reorg on the Record: reorg.com/resources/reorg-on-the-record We're looking for feedback to improve the podcast experience! Please share your thoughts by taking the survey:https://www.research.net/r/Reorg_podcast_survey

Daniel speaks with Pelin Munis, the CEO of RestoringVision.   https://restoringvision.org

Scott Colbert, Executive Vice President and Chief Economist at Commerce Trust Company, says the bond market remains attractive despite recent fluctuations, noting investment-grade taxable bonds and long-term municipal bonds offer solid opportunities for investors, especially in the current interest rate environment. He also discusses monetary policy and economic expectations.

durée : 00:09:40 - L'invité de 7h50 - par : Sonia Devillers - À 7h50, le chanteur Arthur Teboul et le pianiste Baptiste Trotignon sont les invités de Sonia Devillers. Ils seront en concert ce soir aux Francofolies de la Rochelle. Concert diffusé sur France Inter ce vendredi dans le cadre d'une soirée spéciale présentée par Laurent Goumarre, dès 20h. - invités : Arthur TEBOUL - Arthur Teboul : Chanteur

durée : 00:09:40 - L'invité de 7h50 - par : Sonia Devillers - À 7h50, le chanteur Arthur Teboul et le pianiste Baptiste Trotignon sont les invités de Sonia Devillers. Ils seront en concert ce soir aux Francofolies de la Rochelle. Concert diffusé sur France Inter ce vendredi dans le cadre d'une soirée spéciale présentée par Laurent Goumarre, dès 20h. - invités : Arthur TEBOUL - Arthur Teboul : Chanteur

Finance officials for the city decided to be the first municipal issuer to use the distributed ledger technology for a $10 million deal, banking on cost savings, better liquidity and more access for retail investors to their bonds. Mayor Tom Koch, CFO Eric Mason and Strategic Asset Manager Rick Coscia say it should be the first of many blockchain deals for the industry.

In this episode, Kathy interviews her colleagues Collin Martin and Cooper Howard about the team's midyear fixed income outlook, with a theme of looking beyond Treasuries. The conversation covers investment-grade corporate bonds, high-yield bonds, preferred securities, and the municipal bond market. Key topics include credit quality, tax implications, and the potential impact of the upcoming election on the muni market.Finally, Kathy and Liz Ann offer their outlook on what investors should be watching in next week's economic data and indicators, and Kathy also highlights the recent drop in commodity prices.On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting.If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors.Lower rated securities are subject to greater credit risk, default risk, and liquidity risk.Interest income on individual municipal bonds may not be tax-exempt, depending on the bond issuer, the type of bond, or your state of residence. Interest income on bonds issued by U.S. states, cities, counties, their enterprises, and U.S territories is generally federal-tax-exempt, and state-tax-exempt for residents of the state in which the issuer resides. In addition, municipal bond interest for bonds issued in U.S. territories is generally state-tax-exempt in all 50 states. Consult your tax advisor regarding your personal situation.Tax-exempt bonds are not necessarily suitable for all investors. Information related to a security's tax-exempt status (federal and in-state) is obtained from third parties, and Schwab does not guarantee its accuracy. Tax-exempt income may be subject to the alternative minimum tax. Capital appreciation from bond funds and discounted bonds may be subject to state or local taxes. Capital gains are not exempt from federal income tax.Preferred securities are a type of hybrid investment that share characteristics of both stock and bonds. They are often callable, meaning the issuing company may redeem the security at a certain price after a certain date. Such call features, and the timing of a call, may affect the security's yield. Preferred securities generally have lower credit ratings and a lower claim to assets than the issuer's individual bonds. Like bonds, prices of preferred securities tend to move inversely with interest rates, so their prices may fall during periods of rising interest rates. Investment value will fluctuate, and preferred securities, when sold before maturity, may be worth more or less than original cost. Preferred securities are subject to various other risks including changes in interest rates and credit quality, default risks, market valuations, liquidity, prepayments, early redemption, deferral risk, corporate events, tax ramifications, and other factors.Commodity-related products carry a high level of risk and are not suitable for all investors. Commodity-related products may be extremely volatile, may be illiquid, and can be significantly affected by underlying commodity prices, world events, import controls, worldwide competition, government regulations, and economic conditions.All corporate names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request. Investing involves risk, including loss of principal.Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.The information and content provided herein is general in nature and is for informational purposes only. It is not intended, and should not be construed, as a specific recommendation, individualized tax, legal, or investment advice. Tax laws are subject to change, either prospectively or retroactively. Where specific advice is necessary or appropriate, individuals should contact their own professional tax and investment advisors or other professionals (CPA, Financial Planner, Investment Manager) to help answer questions about specific situations or needs prior to taking any action based upon this information.Money market funds are neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of an investment at $1.00 per share, it is possible to lose money by investing in the fund.Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.(0624-63LA)

Une initiation toute douce à l'anal, d'abord avec tes doigts puis un plug. Guidé.e par Ibicella en personne ! Munis toi d'un plug en silicone si tu as ! Beaucoup d'amour et de tendresse dans cet épisode. Du plaisir anal, aussi. Elle a envie de te prendre le cul un jour, mais pour l'instant, elle te fait débuter en douceur et à ton rythme… Tu jouis avec ce plug fiché dans tes fesses et tu restes en cuillère dans ses bras. Tu peux aller voir ses vidéos sur https://ibicella.com

Cet épisode vous est proposé gratuitement en partenariat avec ISpeakSpokeSpoken.com la plus grande communauté d'apprentissage de l'anglais en France sponsorise cet épisode. Recevez gratuitement votre challenge PDF pour vous (re)mettre à l'anglais en 4 semaines en suivant le lien créé pour vous : www.ispeakspokespoken.com/timeline La Résistance française, un mouvement héroïque et complexe, a joué un rôle crucial pendant l'occupation nazie de la France (1940-1944). Malgré les risques mortels, des hommes et des femmes de tous horizons ont bravé l'oppression pour lutter contre l'occupation et défendre les valeurs de liberté, d'égalité et de fraternité. Mais est-ce aussi simple ? Etaient-ils vraiment tous d'accord entre eux ? Avaient-ils les mêmes buts ? En compagnie de Fabrice Grenard, historien, spécialiste de la Résistance et directeur du département recherche et pédagogie de la Fondation de la Résistance, pour préparer les 80 ans du Débarquement et de la Libération de Paris, nous revenons en détail sur ces réseaux clandestins qui se sont formés, regroupant des civils, des intellectuels, des politiciens, et même des membres des forces armées françaises en exil. Munis de courage, ils ont mené différentes actions, sabotage, renseignement et propagande, sapant l'effort de guerre allemand et aidant les Alliés. Des figures emblématiques ont émergé, telles que Jean Moulin, chef de la résistance intérieure, et les célèbres groupes comme les FTP (Francs-tireurs et partisans) et le réseau de renseignement Alliance. Les femmes ont également joué un rôle vital, souvent dans l'ombre, assumant des responsabilités cruciales dans la collecte de renseignements et la transmission de messages. Le point culminant de la résistance fut la Libération de Paris en août 1944, où les résistants parisiens et les forces alliées unirent leurs efforts pour chasser les nazis de la capitale française, marquant un tournant majeur dans la Seconde Guerre mondiale. La Résistance française incarne un exemple de courage et de détermination face à l'adversité, rappelant à jamais le prix de la Liberté. #Résistance #Libération #Histoire #France

Cet épisode vous est proposé gratuitement en partenariat avec ISpeakSpokeSpoken.com la plus grande communauté d'apprentissage de l'anglais en France sponsorise cet épisode. Recevez gratuitement votre challenge PDF pour vous (re)mettre à l'anglais en 4 semaines en suivant le lien créé pour vous : www.ispeakspokespoken.com/timeline La Résistance française, un mouvement héroïque et complexe, a joué un rôle crucial pendant l'occupation nazie de la France (1940-1944). Malgré les risques mortels, des hommes et des femmes de tous horizons ont bravé l'oppression pour lutter contre l'occupation et défendre les valeurs de liberté, d'égalité et de fraternité. Mais est-ce aussi simple ? Etaient-ils vraiment tous d'accord entre eux ? Avaient-ils les mêmes buts ? En compagnie de Fabrice Grenard, historien, spécialiste de la Résistance et directeur du département recherche et pédagogie de la Fondation de la Résistance, pour préparer les 80 ans du Débarquement et de la Libération de Paris, nous revenons en détail sur ces réseaux clandestins qui se sont formés, regroupant des civils, des intellectuels, des politiciens, et même des membres des forces armées françaises en exil. Munis de courage, ils ont mené différentes actions, sabotage, renseignement et propagande, sapant l'effort de guerre allemand et aidant les Alliés. Des figures emblématiques ont émergé, telles que Jean Moulin, chef de la résistance intérieure, et les célèbres groupes comme les FTP (Francs-tireurs et partisans) et le réseau de renseignement Alliance. Les femmes ont également joué un rôle vital, souvent dans l'ombre, assumant des responsabilités cruciales dans la collecte de renseignements et la transmission de messages. Le point culminant de la résistance fut la Libération de Paris en août 1944, où les résistants parisiens et les forces alliées unirent leurs efforts pour chasser les nazis de la capitale française, marquant un tournant majeur dans la Seconde Guerre mondiale. La Résistance française incarne un exemple de courage et de détermination face à l'adversité, rappelant à jamais le prix de la Liberté. #Résistance #Libération #Histoire #France

Cet épisode vous est proposé gratuitement en partenariat avec ISpeakSpokeSpoken.com la plus grande communauté d'apprentissage de l'anglais en France sponsorise cet épisode. Recevez gratuitement votre challenge PDF pour vous (re)mettre à l'anglais en 4 semaines en suivant le lien créé pour vous : www.ispeakspokespoken.com/timeline La Résistance française, un mouvement héroïque et complexe, a joué un rôle crucial pendant l'occupation nazie de la France (1940-1944). Malgré les risques mortels, des hommes et des femmes de tous horizons ont bravé l'oppression pour lutter contre l'occupation et défendre les valeurs de liberté, d'égalité et de fraternité. Mais est-ce aussi simple ? Etaient-ils vraiment tous d'accord entre eux ? Avaient-ils les mêmes buts ? En compagnie de Fabrice Grenard, historien, spécialiste de la Résistance et directeur du département recherche et pédagogie de la Fondation de la Résistance, pour préparer les 80 ans du Débarquement et de la Libération de Paris, nous revenons en détail sur ces réseaux clandestins qui se sont formés, regroupant des civils, des intellectuels, des politiciens, et même des membres des forces armées françaises en exil. Munis de courage, ils ont mené différentes actions, sabotage, renseignement et propagande, sapant l'effort de guerre allemand et aidant les Alliés. Des figures emblématiques ont émergé, telles que Jean Moulin, chef de la résistance intérieure, et les célèbres groupes comme les FTP (Francs-tireurs et partisans) et le réseau de renseignement Alliance. Les femmes ont également joué un rôle vital, souvent dans l'ombre, assumant des responsabilités cruciales dans la collecte de renseignements et la transmission de messages. Le point culminant de la résistance fut la Libération de Paris en août 1944, où les résistants parisiens et les forces alliées unirent leurs efforts pour chasser les nazis de la capitale française, marquant un tournant majeur dans la Seconde Guerre mondiale. La Résistance française incarne un exemple de courage et de détermination face à l'adversité, rappelant à jamais le prix de la Liberté. #Résistance #Libération #Histoire #France

Cet épisode vous est proposé gratuitement en partenariat avec ISpeakSpokeSpoken.com la plus grande communauté d'apprentissage de l'anglais en France sponsorise cet épisode. Recevez gratuitement votre challenge PDF pour vous (re)mettre à l'anglais en 4 semaines en suivant le lien créé pour vous : www.ispeakspokespoken.com/timeline La Résistance française, un mouvement héroïque et complexe, a joué un rôle crucial pendant l'occupation nazie de la France (1940-1944). Malgré les risques mortels, des hommes et des femmes de tous horizons ont bravé l'oppression pour lutter contre l'occupation et défendre les valeurs de liberté, d'égalité et de fraternité. Mais est-ce aussi simple ? Etaient-ils vraiment tous d'accord entre eux ? Avaient-ils les mêmes buts ? En compagnie de Fabrice Grenard, historien, spécialiste de la Résistance et directeur du département recherche et pédagogie de la Fondation de la Résistance, pour préparer les 80 ans du Débarquement et de la Libération de Paris, nous revenons en détail sur ces réseaux clandestins qui se sont formés, regroupant des civils, des intellectuels, des politiciens, et même des membres des forces armées françaises en exil. Munis de courage, ils ont mené différentes actions, sabotage, renseignement et propagande, sapant l'effort de guerre allemand et aidant les Alliés. Des figures emblématiques ont émergé, telles que Jean Moulin, chef de la résistance intérieure, et les célèbres groupes comme les FTP (Francs-tireurs et partisans) et le réseau de renseignement Alliance. Les femmes ont également joué un rôle vital, souvent dans l'ombre, assumant des responsabilités cruciales dans la collecte de renseignements et la transmission de messages. Le point culminant de la résistance fut la Libération de Paris en août 1944, où les résistants parisiens et les forces alliées unirent leurs efforts pour chasser les nazis de la capitale française, marquant un tournant majeur dans la Seconde Guerre mondiale. La Résistance française incarne un exemple de courage et de détermination face à l'adversité, rappelant à jamais le prix de la Liberté. #Résistance #Libération #Histoire #France

Cet épisode vous est proposé gratuitement en partenariat avec ISpeakSpokeSpoken.com la plus grande communauté d'apprentissage de l'anglais en France sponsorise cet épisode. Recevez gratuitement votre challenge PDF pour vous (re)mettre à l'anglais en 4 semaines en suivant le lien créé pour vous : www.ispeakspokespoken.com/timeline La Résistance française, un mouvement héroïque et complexe, a joué un rôle crucial pendant l'occupation nazie de la France (1940-1944). Malgré les risques mortels, des hommes et des femmes de tous horizons ont bravé l'oppression pour lutter contre l'occupation et défendre les valeurs de liberté, d'égalité et de fraternité. Mais est-ce aussi simple ? Etaient-ils vraiment tous d'accord entre eux ? Avaient-ils les mêmes buts ? En compagnie de Fabrice Grenard, historien, spécialiste de la Résistance et directeur du département recherche et pédagogie de la Fondation de la Résistance, pour préparer les 80 ans du Débarquement et de la Libération de Paris, nous revenons en détail sur ces réseaux clandestins qui se sont formés, regroupant des civils, des intellectuels, des politiciens, et même des membres des forces armées françaises en exil. Munis de courage, ils ont mené différentes actions, sabotage, renseignement et propagande, sapant l'effort de guerre allemand et aidant les Alliés. Des figures emblématiques ont émergé, telles que Jean Moulin, chef de la résistance intérieure, et les célèbres groupes comme les FTP (Francs-tireurs et partisans) et le réseau de renseignement Alliance. Les femmes ont également joué un rôle vital, souvent dans l'ombre, assumant des responsabilités cruciales dans la collecte de renseignements et la transmission de messages. Le point culminant de la résistance fut la Libération de Paris en août 1944, où les résistants parisiens et les forces alliées unirent leurs efforts pour chasser les nazis de la capitale française, marquant un tournant majeur dans la Seconde Guerre mondiale. La Résistance française incarne un exemple de courage et de détermination face à l'adversité, rappelant à jamais le prix de la Liberté. #Résistance #Libération #Histoire #France

Cet épisode vous est proposé gratuitement en partenariat avec ISpeakSpokeSpoken.com la plus grande communauté d'apprentissage de l'anglais en France sponsorise cet épisode. Recevez gratuitement votre challenge PDF pour vous (re)mettre à l'anglais en 4 semaines en suivant le lien créé pour vous : www.ispeakspokespoken.com/timeline La Résistance française, un mouvement héroïque et complexe, a joué un rôle crucial pendant l'occupation nazie de la France (1940-1944). Malgré les risques mortels, des hommes et des femmes de tous horizons ont bravé l'oppression pour lutter contre l'occupation et défendre les valeurs de liberté, d'égalité et de fraternité. Mais est-ce aussi simple ? Etaient-ils vraiment tous d'accord entre eux ? Avaient-ils les mêmes buts ? En compagnie de Fabrice Grenard, historien, spécialiste de la Résistance et directeur du département recherche et pédagogie de la Fondation de la Résistance, pour préparer les 80 ans du Débarquement et de la Libération de Paris, nous revenons en détail sur ces réseaux clandestins qui se sont formés, regroupant des civils, des intellectuels, des politiciens, et même des membres des forces armées françaises en exil. Munis de courage, ils ont mené différentes actions, sabotage, renseignement et propagande, sapant l'effort de guerre allemand et aidant les Alliés. Des figures emblématiques ont émergé, telles que Jean Moulin, chef de la résistance intérieure, et les célèbres groupes comme les FTP (Francs-tireurs et partisans) et le réseau de renseignement Alliance. Les femmes ont également joué un rôle vital, souvent dans l'ombre, assumant des responsabilités cruciales dans la collecte de renseignements et la transmission de messages. Le point culminant de la résistance fut la Libération de Paris en août 1944, où les résistants parisiens et les forces alliées unirent leurs efforts pour chasser les nazis de la capitale française, marquant un tournant majeur dans la Seconde Guerre mondiale. La Résistance française incarne un exemple de courage et de détermination face à l'adversité, rappelant à jamais le prix de la Liberté. #Résistance #Libération #Histoire #France

En ce 8 mars, journée internationale des droits des femmes, je suis vraiment heureuse de vous faire découvrir LAURE DELAPORTE, cofondatrice de LP4Y, une ONG extraordinaire qui aide les jeunes des bidonvilles, essentiellement des jeunes femmes, à trouver un emploi. Quand j'ai rencontré LAURE DELAPORTE et que je me suis plongée dans l'histoire de son association, j'ai été absolument bouleversée par les chiffres qu'elle m'a rappelés.  Savez-vous que : 1 jeune sur 3, de 15 à 24 ans, habite dans un bidonville. 1 jeune sur 3  !  Parmi eux, la moitié de ceux qui arrivent sur le marché de l'emploi ne trouve pas d'emploi formel et n'a aucune chance de sortir de la  pauvreté.  A ce rythme, en 2025, 1 milliard de jeunes vivront sous le seuil de pauvreté avec moins de 2$ par jour. 1 milliard ! Une fois qu'on sait ça, qu'est-ce qu'on fait ???? Vous, moi, je ne sais pas.  

Ben Emons, Head of Fixed Income at NewEdge Wealth, joins to give his market reaction to the jobs report for December. Chris Brigati, Senior VP and Director of Strategic Planning at SWBC, joins to discuss the muni bond market. Simone Foxman, reporter with Bloomberg News, joins to discuss her story on the burden weight loss drugs are having on state budgets, US taxpayers, and the healthcare system. Kristin Pothier, US Healthcare Lead at KPMG, joins to discuss the outlook for M&A in the healthcare sector in 2024. Julia Pollak, Chief Economist at ZipRecruiter, joins to break down the jobs report and outlook for hiring in 2024. Hosted by Paul Sweeney and Lisa Mateo.See omnystudio.com/listener for privacy information.

Our series of year ahead conversations continues as we focus on an outlook for munis and where opportunity can be found. Featured is Kathleen McNamara, Senior Municipal Strategist Americas, UBS Chief Investment Office. Host: Daniel Cassidy

Sally Bakewell, US Finance Team Lead with Bloomberg News, discusses Citigroup shutting down its once high-flying muni unit. Maria Pope, CEO at Portland General Electric (NYSE: POR), joins to discuss her industry and outlook for her company in 2024. Alex Petrone, Director of Fixed Income at Rockefeller Asset Management, joins to discuss muni bonds, muni market liquidity, investor demand, and credit risks. Jennifer Rie, Senior Litigation Analyst: Antitrust with Bloomberg Intelligence, joins to discuss the Alphabet antitrust loss from earlier this week, what it means for Apple, and other cases to watch. Hosted by John Tucker and Bailey Lipschultz.See omnystudio.com/listener for privacy information.

After a tumultuous year for the markets, what's in store for 2024? In this year-end episode, Schwab experts look ahead to consider what investors might expect from the markets in the new year.First, Liz Ann Sonders, Schwab's chief investment strategist, speaks with Senior Investment Strategist Kevin Gordon. Liz Ann offers her perspective on the direction of the U.S. economy and stock market. She and Kevin discuss inflation, interest rates, company earnings, and the job market, among other topics.Next, Kathy Jones, Schwab's chief fixed income strategist, interviews her colleagues Collin Martin and Cooper Howard. Kathy looks at what bond investors might expect from the Federal Reserve and fixed income assets in the new year. She and Fixed Income Strategist Collin Martin recap the year in the corporate bond market and look ahead for what's next in bond investments in 2024. Kathy also discusses the muni bond market with Fixed Income Strategist Cooper Howard. Then, Jeffrey Kleintop—Schwab's chief global investment strategist—joins Liz Ann on the show and examines what 2024 might hold for the global economy and markets.Finally, Mike Townsend, Schwab's managing director of legislative and regulatory affairs, offers his outlook on what to expect from a possible government shutdown, a busy regulatory environment, and the 2024 election.On Investing is an original podcast from Charles Schwab. For more on the show, visit Schwab.com/OnInvesting.If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.All corporate names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request. Investing involves risk, including loss of principal.Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors.Lower rated securities are subject to greater credit risk, default risk, and liquidity risk.Commodity-related products carry a high level of risk and are not suitable for all investors. Commodity-related products may be extremely volatile, may be illiquid, and can be significantly affected by underlying commodity prices, world events, import controls, worldwide competition, government regulations, and economic conditions.Small cap investments are subject to greater volatility than those in other asset categories. International investments involve additional risks, which include differences in financial accounting standards, currency fluctuations, geopolitical risk, foreign taxes and regulations, and the potential for illiquid markets. Investing in emerging markets may accentuate these risks.Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.Digital currencies such as bitcoin are highly volatile and not backed by any central bank or government. Digital currencies lack many of the regulations and consumer protections that legal-tender currencies and regulated securities have. Due to the high level of risk, investors should view digital currencies as a purely speculative instrument.The information and content provided herein is general in nature and is for informational purposes only. It is not intended, and should not be construed, as a specific recommendation, individualized tax, legal, or investment advice. Tax laws are subject to change, either prospectively or retroactively. Where specific advice is necessary or appropriate, individuals should contact their own professional tax and investment advisors or other professionals (CPA, Financial Planner, Investment Manager) to help answer questions about specific situations or needs prior to taking any action based upon this information.Schwab does not recommend the use of technical analysis as a sole means of investment research.Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions.The Global Manufacturing Purchasing Managers Index (PMI) is a survey-based indicator of the economic health of the global manufacturing sector. The PMI index includes the major indicators of: new orders, inventory levels, production, supplier deliveries and the employment environment.The Employment component of the Eurozone Manufacturing Purchasing Managers Index (PMI) measures the conditions surrounding the cost of employment business expenses experienced by surveyed business leaders in the Eurozone. The Input Prices component of the Eurozone Composite Purchasing Managers Index (PMI) measures the conditions surrounding the prices of raw materials and other business expenses experienced by surveyed business leaders in the Eurozone.   The MSCI EAFE Equal Weighted Index includes the same constituents as the MSCI EAFE Index (large and mid-cap securities from Developed Markets countries around the world excluding the US and Canada), with an alternative weighting scheme where at each quarterly rebalance date, all index constituents are weighted equally.The S&P 500 Equal Weighted Index includes the same constituents as its parent index, the S&P 500, with each index constituent represented equally. (1223-3U7U)

After a tumultuous year for the markets, what's in store for 2024? In this year-end episode, Schwab experts look ahead to consider what investors might expect from the markets in the new year.First, Liz Ann Sonders, Schwab's chief investment strategist, speaks with senior investment strategist Kevin Gordon. Liz Ann offers her perspective on the direction of the U.S. economy and stock market. She and Kevin discuss inflation, interest rates, company earnings, and the job market, among other topics.Next, Kathy Jones, Schwab's chief fixed income strategist interviews her colleagues Collin Martin and Cooper Howard. Kathy looks at what bond investors might expect from the Federal Reserve and fixed income assets in the new year. She and fixed income strategist Collin Martin recap the year in the corporate bond market and look ahead for what's next in bond investments in 2024. Kathy also discusses the muni bond market with fixed income strategist Cooper Howard. Then, Jeffrey Kleintop—Schwab's chief global investment strategist—joins Liz Ann on the show and examines what 2024 might hold for the global economy and markets.Finally, Mike Townsend, Schwab's managing director of legislative and regulatory affairs, offers his outlook on what to expect from a possible government shutdown, a busy regulatory environment, and the 2024 election.On Investing is an original podcast from Charles Schwab. For more on the show, visit Schwab.com/OnInvesting.If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.All corporate names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request. Investing involves risk, including loss of principal.Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors.Lower rated securities are subject to greater credit risk, default risk, and liquidity risk.Commodity-related products carry a high level of risk and are not suitable for all investors. Commodity-related products may be extremely volatile, may be illiquid, and can be significantly affected by underlying commodity prices, world events, import controls, worldwide competition, government regulations, and economic conditions.Small cap investments are subject to greater volatility than those in other asset categories. International investments involve additional risks, which include differences in financial accounting standards, currency fluctuations, geopolitical risk, foreign taxes and regulations, and the potential for illiquid markets. Investing in emerging markets may accentuate these risks.Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.Digital currencies such as bitcoin are highly volatile and not backed by any central bank or government. Digital currencies lack many of the regulations and consumer protections that legal-tender currencies and regulated securities have. Due to the high level of risk, investors should view digital currencies as a purely speculative instrument.The information and content provided herein is general in nature and is for informational purposes only. It is not intended, and should not be construed, as a specific recommendation, individualized tax, legal, or investment advice. Tax laws are subject to change, either prospectively or retroactively. Where specific advice is necessary or appropriate, individuals should contact their own professional tax and investment advisors or other professionals (CPA, Financial Planner, Investment Manager) to help answer questions about specific situations or needs prior to taking any action based upon this information.Schwab does not recommend the use of technical analysis as a sole means of investment research.Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions.The Global Manufacturing Purchasing Managers Index (PMI) is a survey-based indicator of the economic health of the global manufacturing sector. The PMI index includes the major indicators of: new orders, inventory levels, production, supplier deliveries and the employment environment.The Employment component of the Eurozone Manufacturing Purchasing Managers Index (PMI) measures the conditions surrounding the cost of employment business expenses experienced by surveyed business leaders in the Eurozone. The Input Prices component of the Eurozone Composite Purchasing Managers Index (PMI) measures the conditions surrounding the prices of raw materials and other business expenses experienced by surveyed business leaders in the Eurozone.   The MSCI EAFE Equal Weighted Index includes the same constituents as the MSCI EAFE Index (large and mid-cap securities from Developed Markets countries around the world excluding the US and Canada), with an alternative weighting scheme where at each quarterly rebalance date, all index constituents are weighted equally.The S&P 500 Equal Weighted Index includes the same constituents as its parent index, the S&P 500, with each index constituent represented equally. (1223-3BX3)

Seán McCarthy, CEO at Build America Mutual, joins to discuss his business and opportunities in the muni bond market. Priya Misra, Portfolio Manager at JP Morgan Asset Management, returns to the show to talk about the outlook for interest rates and why she's in the hard landing camp. Alex Petrone, Director of Fixed Income at Rockefeller Asset Management, joins to discuss muni bonds and fixed income investing. Erick Russell, Treasurer of the state of Connecticut, joins to discuss taking office this year, pension funds, managing state finances, and the state's baby bonds program. Hosted by Paul Sweeney and Jennifer Ryan.See omnystudio.com/listener for privacy information.