Podcasts about thematic

The American consumer isn't simply pulling back. They are changing the way they spend – and save. Our U.S. Thematic and Equity Strategist Michelle Weaver digs into the data. Read more insights from Morgan Stanley.----- Transcript -----Michelle Weaver: Welcome to Thoughts on the Market. I'm Michelle Weaver, Morgan Stanley's U.S. Thematic and Equity Strategist.Today, the U.S. consumer. What's changing about the ways Americans spend, save and feel about the future?It's Monday, July 7th at 10am in London.As markets digest mixed signals – whether that's easing inflation, changing politics, and persistent noise around tariffs – U.S. consumers are recalibrating. Under the surface of headline numbers, a more complex story is unfolding about the ways Americans are not just reacting but adapting to macro challenges.First, I want to start with a big picture. Data from our latest consumer survey shows that consumer sentiment has stabilized, even as uncertainty around tariffs persists, especially into these rolling July deadlines. Inflation remains the top concern for most. But the good news is that it's trending lower. This month more than half of respondents cited inflation as their primary concern, a slight decrease from last month and a year ago. Now, that's a subtle but a meaningful decline suggesting consumers may be adjusting their expectations rather than bracing for continued price shocks. At the same time though political concerns are on the rise. More than 40 percent of consumers now list the U.S. political environment as a major worry. That's slightly up from last month; and not surprisingly concern around geopolitical conflicts has also jumped from a month ago.Now, when we break this down by income levels, we see some interesting trends. Inflation is the top concern across all income groups, except for those earning more than $150,000. For them, politics takes the top spot. Lower income households, though, are more focused on paying rent and debts, while higher income groups are more concerned about their investments.As for tariffs, concern remains high but stable. About 40 percent of consumers are very worried about tariffs and another 25 percent are moderately so. But if we look under the surface, it's really showing us a political divide. 63 percent of liberals are very concerned, compared to just 23 percent of conservatives who say they're very concerned.Despite these worries, though, fewer people overall are planning to cut back on spending. Only about a third say they'll spend less due to tariffs, which is down quite a bit from earlier this year. Meanwhile, about a quarter plan to spend more, and roughly a third don't expect to change their plans at all.This resilience points to the notable behavioral trend I mentioned at the start. Consumers are not just reacting, they're adapting. Looking at the broader economy, consumer confidence is holding steady according to our survey, although it's slightly down from last month. But when it comes to household finances, the outlook is more positive with a significant number expecting their finances to improve and fewer expecting them to worsen – a net positive.Savings are also showing some resilience. The average consumer has several months of savings, slightly up from last year. Spending intentions are stable with nearly a third of consumers planning to spend more next month while fewer planned to spend less. And when it comes to big ticket items, more than half of U.S. consumers are planning a major purchase in the next three months, including vehicles, appliances, and vacations.Speaking of vacations, summer travel season is here and I'm looking forward to taking a trip soon. Around 60 percent of consumers are planning to travel in the next six months, with visiting friends and family being the top reason.So, what's the biggest takeaway for investors?Despite ongoing concerns about inflation, politics and tariffs, U.S. consumers are showing remarkable resilience. It's a nuanced picture, but one that overall suggests stability in the face of uncertainty.Thanks for listening. I hope you enjoyed the show, and if you did, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.

Wanna hear a lil secret?You (likely) have no clue what custom GPTs are capable of inside of ChatGPT. OpenAI just updated their capabilities, yet no one's talking about it. Why? The original hype and hoopla from their late 2023 launched fizzled and faded away, and now many AI users have written GPTs off. Big mistake. You won't believe what the newly upgraded GPTs are capable of.Newsletter: Sign up for our free daily newsletterMore on this Episode: Episode PageJoin the discussion: Thoughts on this? Join the convo.Upcoming Episodes: Check out the upcoming Everyday AI Livestream lineupWebsite: YourEverydayAI.comEmail The Show: info@youreverydayai.comConnect with Jordan on LinkedInTopics Covered in This Episode:Custom GPTs Launch & Initial ReceptionUpdated OpenAI Custom GPT CapabilitiesExpanded Model Support for Custom GPTsBusiness Applications of Custom GPT UpdatesLive Demo of New Custom GPT FeaturesInsight Synthesizer GPT's Unique AbilitiesMeeting Actionizer GPT for Business EfficiencyPersonalizing with the Updated GPT ModelsTimestamps:00:00 "Upgraded Custom GPTs Revolution"04:52 GPT Building: Web Access Only06:46 "Podcast Rambling Concerns"09:56 Benefits of Using Custom GPTs13:18 Using Custom GPTs and GPT Store17:16 Simple AI Tool Usage Guide21:32 Custom ChatGPT Limitations Explained25:17 Exploring AI's Efficiency in Tasks27:06 "AI Impact Dashboard for 2025"32:03 GPT-4 vs. GPT-3: Agentic Abilities35:33 Reasoning Models Enhance Meeting Analysis36:53 AI Meeting Summary Features40:40 Personalized NVIDIA Stock Insights42:38 GPT Custom Models: New DevelopmentsKeywords:Custom GPTs, OpenAI updates, Expanded model support, No code creation, Custom actions, GPT store, Enterprise rollout, Recommended model, O3 model, O3 Pro model, GPT-4.5, Data storytelling, AI humanizer, Multimodal capabilities, Sentiment analysis, Thematic clustering, Research analyst, Meeting actionizer, Personalized learning architect, Financial snapshot, Web search, Canvas mode, Python coding, Boolean search, AGSentic reasoning, Chain of thought, Knowledge files, Fine-tuning, Domain expertise, Automated workflows, Generative AI, Creative marketing, Information synthesis, Meeting analysis, Decision automation, Webhooks, APIs, Knowledge tokenization.Send Everyday AI and Jordan a text message. (We can't reply back unless you leave contact info) Ready for ROI on GenAI? Go to youreverydayai.com/partner

This session explores three models we can use to approach the idea of narrative in the bible; Historical, Thematic and Literary. Each of these offer a different lens through which to read scripture and their insights can bring us fresh inspiration from these ancient texts

Vanessa Cominsky joins Case and Sam to RAGE against this awkward historical epic! Overview Podcast hosts Case Aiken and Sam Alicea provide a framework for discussing the 2004 film Troy, highlighting its connection to early 2000s epic films like Gladiator and 300. Vanessa Cominsky, a guest and classics major, notes a 4-year professional bond with Case stemming from shared academic interests. David Benioff, the film's screenwriter, is discussed in relation to his later work on Game of Thrones and identified issues in narrative depth. Whitewashing criticism surfaces regarding the film's predominantly white cast, despite its story set in a historically diverse region. Analysis reveals a lack of clear passage of time, compressing the depicted 10-year Trojan War into a brief narrative span. Costume design receives praise for historical accuracy while the film's runtime discrepancies are critiqued, with the director's cut deemed excessive. Thematic exploration includes Agamemnon's characterization as a villain symbolizing US imperialism, contrasting with sympathetic portrayals of the Trojans. Sean Bean's potential as Odysseus is noted but criticized for underutilization, while Peter O'Toole's Priam provides limited but impactful performance. Improvement suggestions include altering the title to better reflect Achilles' journey and revising the narrative structure to enhance character development. Upcoming initiatives include a scholarship program for women in wine, launched by Vanessa Cominsky's nonprofit Vin Vitalite in 2025. @vminsky @womenofwinedc Www.vinVitalité.org (Pronounced vinn vitahlihtay) Notes ️ Podcast Introduction & Setup (00:00 - 02:45) Hosts Case Aiken and Sam Alicea introduce the 'Another Pass' podcast, discussing movie analysis and improvements. Guest Vanessa Cominsky introduced as Case's coworker from wine/spirits industry and fellow classics major. Discussion of 4-year professional relationship and bonding over classics background. Movie Context & Background (02:45 - 09:38) Analysis of 2004 film Troy as adaptation loosely based on oral tradition. Discussion of movie within context of early 2000s epic films including Gladiator, 300, and Lord of the Rings trilogy. David Benioff identified as screenwriter, connecting to later Game of Thrones writing style issues. Observation that Odysseus character tells audience he's clever but never demonstrates intelligence in actual scenes. Political interpretation: movie reflects 2004 centrist liberal perspective on Middle Eastern conflicts with 'support the troops' messaging. Film Production & Casting Analysis (09:38 - 19:22) Vanessa's personal connection: used movie for high school Latin convention project and senior thesis. Whitewashing criticism - movie depicts conflict between Greece and Middle East with entirely white cast. Brad Pitt as main marketing draw playing Achilles in peak popularity period. Case's viewing experience in Rome during classics trip, creating nostalgic connection to material. Story Structure & Adaptation Choices (19:22 - 28:32) Movie covers broader Trojan War story rather than just Iliad, including Trojan Horse sequence not in original epic. Brian Cox as Agamemnon praised as perfect casting choice despite whitewashing issues. Discussion of movie's approach to gods - humans take credit for actions rather than divine intervention. ️ Character Analysis - Heroes and Villains (28:32 - 38:14) Agamemnon positioned as main villain representing US imperialism, while Trojans portrayed sympathetically. Hector vs Achilles juxtaposition works well as respective champions of each side. Orlando Bloom as Paris criticized as too whiny and lacking roguish charm needed for character. Eric Bana as Hector praised as everyone's 'big brother' figure and moral center. Production Design & Technical Elements (38:14 - 47:42) Costume design highly praised for historical accuracy and visual distinction between Greeks and Trojans. Director's cut vs theatrical cut - director's cut too long at 3 hours 16 minutes with unnecessary gore. Runtime issues - theatrical cut feels rushed while director's cut is excessive. War Portrayal & Geographic Issues (47:43 - 56:37) Time compression problem - 10-year war feels like weeks or months with no passage of time indicated. Troy's geography poorly established - unclear city layout and siege logistics. Siege warfare portrayed as single-direction battle rather than comprehensive blockade. Thematic Elements & Religious Context (56:38 - 01:05:46) Gods' role minimized to hint at divine influence without direct intervention. Moral philosophy embedded in Achilles-Briseis conversations about mortality and divinity. Historical accuracy questioned regarding Bronze Age vs Classical Greek terminology and social structures. Casting and Performance Critique (01:05:46 - 01:15:32) Sean Bean as Odysseus underutilized despite perfect casting choice. Peter O'Toole as Priam noted as big casting choice but limited screen time. James Cosmo casting questioned as underused Trojan general. Improvement Proposals - Sam's Pitch (01:15:32 - 01:26:16) Title change to 'The Wrath of Achilles' to better reflect actual story focus. Sean Bean expansion - more scenes showing passage of time and war strategy. Runtime reduction - cut Trojan perspective to focus on Greek side and Achilles' journey. Narrative structure - use Odysseus as storyteller/narrator rather than voiceover. Improvement Proposals - Vanessa's Pitch (01:26:16 - 01:36:20) Scope change to focus on Achilles from moment Odysseus recruits him. Character development - establish Greek power structure and vassal relationships. Agamemnon characterization - emphasize him as villain representing imperialism more clearly. Improvement Proposals - Casey's Pitch (01:36:20 - 01:45:13) Geographic clarity - establish Troy's layout and siege positioning with additional CG shots. Time passage - visual indicators and dialogue establishing years-long conflict. Battle variety - different environments including sea battles and raids on surrounding areas. Violence balance - between theatrical cut's sanitization and director's cut's excess. Final Discussion & Wrap-up (01:45:13 - 02:05:58) David Benioff background revealed as Goldman Sachs executive's son, explaining Hollywood access. Vanessa's organization - Vin Vitalite, DC women in wine industry nonprofit with 501(c)(3) status. Scholarship program launching 2025 for women in wine industry. Next episode preview - Highlander 2: The Quickening.  

Thematic trilogies are fascinating and exciting. Though characters may reappear, they are really trilogies around a theme or fascination or concern. Italian master Roberto Rossellini rose to the top of world cinema in the 1940's with his trilogy of movies focused on World War II and its immediate after effects: Rome, Open City (1945), Paisan (1946), and Germany Year Zero (1948).  The first two movies deal with the war and the occupation of Italy first by Nazis then by American soldiers. The last movie suddenly jumps into the belly of the beast and examines immediate post-WWII deprivation from the point of view of a German boy and his struggling family in a bombed out Berlin.  These movies helped create and define Italian neo-realism and shared a singular focus on war's effects on everyday people. Secret Movie Club founder.programmer Craig Hammill talks about these movies and other interesting thematic trilogies like Wong Kar Wai's Love trilogy and Steven Spielberg's 9/11 trilogy along the way.  

Today's guest is Mark Hays, Director of Sustainable & Impact Investing at Glenmede — a firm managing $48 billion with a client-to-employee ratio that keeps conversations personal and strategy focused.Mark's journey into finance started early — running a lemonade stand to save up for a Sega Genesis and learning about markets through a third-grade stock project that didn't go as planned. That early curiosity eventually led to a career spanning Cambridge Associates, OMERS, Flat World, and J.P. Morgan — where he became the firm's first U.S. sustainable investing hire.Now at Glenmede, Mark helps clients align their portfolios with their principles — not just in theory, but through tangible investments. Glenmede offers investment management, wealth planning, fiduciary, and advisory services to high-net-worth individuals, families, endowments, foundations, and institutional clients.It has $48 billion in assets under management, but keeps a 4-to-1 client-to-employee ratio and promises, in Mark's words, “the experience of a $200 million family as a $10 million individual.” That approach means every client gets tailored advice, deeper conversations, and impact reporting that goes far beyond ESG scores.Nearly 20 percent of AUM sits in strategies that fit Glenmede's four-category investment taxonomy (Integrated, Mandated, Thematic, High-Impact Concessionary) and span almost every asset class. Mark's through-line is what he calls “sustainable prosperity” — the belief that helping those with the least doesn't take away from others, but actually creates more opportunity and value for everyone.At Glenmede, that vision shows up not only in where the money goes but in how clients are engaged. Mark and his team don't just plug people into products — they guide multi-generational families through deep, often difficult conversations about values, legacy, and measurable impact. That means starting with inquiry, moving through education, assessment, and implementation, and ending with real measurement — not in vague ESG scores, but in tangible results like gallons of water saved, emissions avoided, or communities reached.Mark knows that impact is a moving target, but he also knows how to hit it: by staying curious, staying human, and staying honest about what money can and cannot do.Tune in to hear how he turns that approach into measurable impact.—Connect with SRI360°:Sign up for the free weekly email updateVisit the SRI360° PODCASTVisit the SRI360° WEBSITEFollow SRI360° on XFollow SRI360° on FACEBOOK—Additional Resources:

Investors with an appetite for investing in themes are increasingly including private market strategies, according to the Thematics Barometer global survey of decision makers. Discussing this year's results with Chief Market Strategist Daniel Morris, Christopher Dunn, Head of Investment Management for Europe for Coalition Greenwich, notes the leading themes include renewable and clean energy, and that interest in artificial intelligence is ‘really off the page'.For more insights, visit Viewpoint: https://viewpoint.bnpparibas-am.com/Download the Viewpoint app: https://onelink.to/tpxq34Follow us on LinkedIn: https://bnpp.lk/amHosted by Ausha. See ausha.co/privacy-policy for more information.

Etsko Schuitema introduces the Intent Thematic to an audience in Dubai: 14 June 2025

Ruel Gaviola joins Candice to discuss 2-player abstract strategy board games with a hint of theme.00:00:00 Introduction00:01:51 LFG Con00:07:03 Ticket to Ride 20th Anniversary video 00:09:42 Fresh Plays00:09:59 Conservas00:13:16 Hot Streak00:20:15 Hits & Outs (Baseball Highlights 2045, Kaosball)00:25:44 Typeset00:30:04 Chakra00:37:44 Coloretto00:39:22 2-Player Abstract Strategy Games w/ a Hint of Theme00:44:05 Donuts00:48:08 Ironwood00:51:32 Miyabi00:54:24 Tash Kalar00:57:48 Azul01:00:44 War Chest01:04:38 Spirits of the Wild01:06:53 Toy Battle01:10:42 Samurai01:14:03 Mythic Mischief01:17:34 Santorini01:20:34 Bonus Mentions (Summoner Wars, Project L, Leaders)01:23:27 Sign-offWeb: https://boardgamegeek.com/YouTube: https://www.youtube.com/@boardgamegeekTwitter: https://twitter.com/BoardGameGeekEmail: podcast@boardgamegeek.com

fWotD Episode 2967: History Welcome to Featured Wiki of the Day, your daily dose of knowledge from Wikipedia's finest articles.The featured article for Thursday, 19 June 2025, is History.History is the systematic study of the past, focusing primarily on the human past. As an academic discipline, it analyses and interprets evidence to construct narratives about what happened and explain why it happened. Some theorists categorize history as a social science, while others see it as part of the humanities or consider it a hybrid discipline. Similar debates surround the purpose of history—for example, whether its main aim is theoretical, to uncover the truth, or practical, to learn lessons from the past. In a more general sense, the term history refers not to an academic field but to the past itself, times in the past, or to individual texts about the past.Historical research relies on primary and secondary sources to reconstruct past events and validate interpretations. Source criticism is used to evaluate these sources, assessing their authenticity, content, and reliability. Historians strive to integrate the perspectives of several sources to develop a coherent narrative. Different schools of thought, such as positivism, the Annales school, Marxism, and postmodernism, have distinct methodological approaches.History is a broad discipline encompassing many branches. Some focus on specific time periods, such as ancient history, while others concentrate on particular geographic regions, such as the history of Africa. Thematic categorizations include political history, military history, social history, and economic history. Branches associated with specific research methods and sources include quantitative history, comparative history, and oral history.History emerged as a field of inquiry in antiquity to replace myth-infused narratives, with influential early traditions originating in Greece, China, and later in the Islamic world. Historical writing evolved throughout the ages and became increasingly professional, particularly during the 19th century, when a rigorous methodology and various academic institutions were established. History is related to many fields, including historiography, philosophy, education, and politics.This recording reflects the Wikipedia text as of 00:55 UTC on Thursday, 19 June 2025.For the full current version of the article, see History on Wikipedia.This podcast uses content from Wikipedia under the Creative Commons Attribution-ShareAlike License.Visit our archives at wikioftheday.com and subscribe to stay updated on new episodes.Follow us on Mastodon at @wikioftheday@masto.ai.Also check out Curmudgeon's Corner, a current events podcast.Until next time, I'm neural Brian.

Dubai 14 June 2025

Our Thematics and U.S. Economics analysts Michelle Weaver and Arunima Sinha discuss how American consumers are planning to spend as they consider tariffs, inflation and potential new tax policies. Read more insights from Morgan Stanley.----- Transcript -----Michelle Weaver: Welcome to Thoughts on the Market. I'm Michelle Weaver, U.S. Thematic and Equity strategist.Arunima Sinha: And I'm Arunima Sinha from the Global and U.S. Economics Teams.Michelle Weaver: Today – an encouraging update on the U.S. consumer.It's Tuesday, June 3rd at 10am in New York.Arunima, the last couple of months have been challenging not only for global markets, but also for everyday people and for individual households; and we heard pretty mixed information on the consumer throughout earning season. Quite a few different companies highlighted consumers being more choiceful, being more value oriented. All this to say is we're getting a little bit of a mixed message.In your opinion, how healthy is the U.S. consumer right now?Arunima Sinha: So, Michelle, I'm glad we're starting with the sort of up upbeat part of the consumer. The macro data on the consumer has been holding up pretty well so far. In the first quarter of [20]25, consumer spending has actually been running at a similar pace as the first quarter of [20]24. Nominal consumption spending grew 5.5 percent on a year-on-year basis. Goods were up almost 4 percent. Services were up more than 6 percent.So, all of that was good. What our takeaway was that we had a lot of strength in good spending, and that did probably reflect some of the pull forward on the back of tariff news. But that pace of growth suggests that there is an aggregate consumer. They have healthy balance sheets, and they're willing to spend.And then what's driving that consumption growth from our point of view. We think that labor market compensation has been running at a pretty steady pace so far. So more than 5.5 percent quarterly analyzed. PCE inflation has been running at just over 3 percent. And so even though equity markets did see some greater volatility, they didn't seem to impact the consumer at least in the first quarter of data. And so, we've had that consumer in a pretty good shape.But with all of this in the background, we know, tariffs have been in the news, and tariff fears have weighed heavily on consumer sentiment. But then tariff headlines have also become more positive lately, and consumers might be feeling more optimistic. What's your data showing?Michelle Weaver: So that really depends on what data you're looking at. We saw a pretty big rebound in consumer sentiment if you look at the Conference Board survey. But then we saw flat sentiment, when you look at the University of Michigan survey. These two surveys have some different questions in them, different subcomponents.But my favorite way to track consumer sentiment is our own proprietary consumer survey, which did show a pretty big pickup in sentiment towards the economy last month. And we saw sentiment rebound significantly for both conservatives and liberals.So, this wasn't just a matter of one political party, you know, having a change of opinion. Both sides did see an improvement in sentiment. Although consumer sentiment for conservatives improved off a much higher base. The percent of people reporting being very concerned about tariffs also fell this month. We saw that move from 43 percent to 38 percent after the reduction in tariffs on China. So, people are, you know, concerned a little bit less there. And that's been a really big thing people are watching.Arunima Sinha: Feeling better about the news is great. Are they actually planning to spend more?Michelle Weaver: So encouragingly we did also see a big rebound in consumers short term spending outlooks in the survey. 33 percent of consumers expect to spend more next month and 17 percent expect to spend less.So that gives us a net of positive 16 percent. This is in line with the five-year average level we saw there, and up really substantially from last month's reading of 5 percent. So, 5 percent to 16 percent. That's a pretty big improvement.We also saw spending plans rise across all income groups. though we did see the biggest pickup for higher income consumers and that figure moved from 12 percent to 31 percent. Additionally, we saw longer term spending plans – so what people are planning to spend over the next six months – also improve across all the categories we look at.Arunima Sinha: And were there any specific changes about how the consumers were responding to the tariff headlines?Michelle Weaver: Yeah, so people reported pulling forward some purchases, due to fear of tariff driven price increases. So, people were planning for this, similarly to what we saw with companies. They were doing a little bit of stockpiling. Consumers were doing this as well. So, our survey showed that over half of people said they accelerated some purchases over the past month to try and get ahead of potential tariff related price increases.And this did skew higher among upper income consumers. The categories that people cited at the top of the list for pull forward are non-perishable groceries, household items. So, both of those things you need in your day-to-day life. And then clothing and apparel as well, which I thought was interesting. But that's been one thing that's been in the news a lot that's heavily manufactured overseas.So, people were thinking about that. And this does align overall with our March survey data, where we asked what categories people were most concerned about seeing price increases. So, their behavior did line up with what they were concerned about in March.Arunima, your turn on tariffs now. The reason tariffs have been on consumer's minds is because of what they might mean for price levels and inflation. Throughout earning season, we heard a lot of companies talking about raising prices to offset the cost of tariffs. What has this looked like from an economist's perspective? Has this actually started to show up in the inflation data yet?Arunima Sinha: So not quite yet, and that's something that, as you might expect, we're tracking very, very closely. So, one of the things that our team did was to think about which types of goods or services were going to be impacted by inflation. And so, we think that that first order effects are going to be on goods. And we think that the effects could start to show up in the May data, but we really see that sequential pace of inflation starting to step up starting June. And then in our third quarter inflation estimate, we see that number peaking for the year. So, in the third quarter, we think that core PCE inflation number is going to be about 4.5 percent Q1-Q analyzed.Michelle Weaver: And then aside from tariffs and inflation, how are people going to be affected by a fiscal policy, specifically the tax bill that just passed the house?Arunima Sinha: So, the house version of the bill has government spending reductions that can be quite regressive for different cohorts of the consumer. So, we have, reductions around the Medicaid program, cuts to the SNAP program as well as possible elimination of the income driven loans repayment plans. So, all of these would have a pretty adverse impact on the lower income and the middle-income consumers.This could be – but will likely not be fully offset by the removal of taxes, on tips and overtime. And then on the other side, the higher income consumers could benefit from some of that increase in SALT caps. But overall, the jury is still out on how the aggregate consumer will be affected.Michelle Weaver: So, taking this all into account, the effects of fiscal policy, of tariff policy, of labor market income – what's your overall outlook on U.S. consumption for the rest of the year?Arunima Sinha: So, we recently published our mid-year outlook for U.S. economics and our forecast for consumption spending over 2025 and [20]26 does see the consumer slowing. And this is really due to three factors. The first is on the back of those greater tariffs and the uncertainty around them and the fact that we have slowing net immigration, we're going to be expecting a slowdown in the labor market. As the pace of hiring slows, you have a slower growth in labor market income. And that really is the main driver of aggregate consumption spending. And then as we talked about, we are expecting that pass through of higher tariffs into inflation, and that's going to impact real spending. And then finally the uncertainty around tariffs, the volatilities and equity markets could weigh on consumer spending; and may actually push the upper income cohorts, the big drivers of consumption spending in the economy, to have higher precautionary savings.And so, with all of that, we see our nominal consumption spending growth slowing down to about 3.9 percent by the end of this year.Michelle Weaver: Well a little unfortunate to wrap up on a more negative note, but we are seeing, you know, mixed messages – and some more positive data in the near term, at least. Arunima, thank you for taking the time to talk.Arunima Sinha: Thanks so much for having me, Michelle.Michelle Weaver: And thank you for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen to the show and share the podcast with a friend or colleague today.

Global Food Policy Report IFPRI Policy Seminar 2025 Global Food Policy Report | Food Policy: Lessons and Priorities for a Changing World May 28, 2025 Over the last 50 years, the world's food systems have evolved tremendously amid major economic, environmental, and social changes. Throughout this period, policy research has played a critical role in providing evidence and analysis to inform decision-making that supports agricultural growth, better livelihoods, and improved food security, nutrition, and well-being for all. IFPRI's 2025 Global Food Policy Report—a special edition marking the Institute's 50th anniversary. This year's flagship report examines the evolution and impact of food policy research and assesses how it can better equip policymakers to meet future challenges and opportunities. Despite meaningful progress over the last half-century, conflict, climate change, rising inequality, and geopolitical tensions remain major challenges to reducing poverty, hunger, and malnutrition. As we approach 2050, policy research and analysis will be essential to help build sustainable healthy food systems in this changing world. Thematic presentations from IFPRI's leading researchers will explore the role of evidence in shaping policies over the past 50 years, as well as the potential for research to address emerging challenges and opportunities. A keynote lecture by Michael Kremer, Chair of the Innovation Commission and joint winner of the 2019 Economics Nobel Prize, will address innovations for the future. Following these remarks, a distinguished panel of experts will discuss priorities for policy research in the decades to come. Welcome Remarks Ismahane Elouafi, Executive Managing Director, CGIAR Unveiling of IFPRI's flagship Global Food Policy Report Johan Swinnen, Director General, IFPRI Christopher B. Barrett, Stephen B. and Janice G. Ashley Professor of Applied Economics and Management, Cornell University Thematic GFPR presentations James Thurlow, Director, Foresight and Policy Modeling (FPM) Unit, IFPRI Ruth Hill, Director of Markets, Trade and Institutions (MTI) Unit, IFPRI Steven Were Omamo, Director, Development Strategies and Governance (DSG) Unit and Director for Africa, IFPRI Shalini Roy, Senior Research Fellow, Poverty, Gender, and Inclusion (PGI) Unit, IFPRI and Agnes Quisumbing, Senior Research Fellow, Poverty, Gender, and Inclusion (PGI) Unit, IFPRI Stuart Gillespie, Nonresident Senior Fellow, IFPRI and Deanna Olney, Director, Nutrition, Diets, and Health (NDH), IFPRI David Spielman, Director, Innovation Policy and Scaling (IPS) Unit, IFPRI Keynote Address and Strategy Discussion: A Focus on Innovations for the Future Michael Kremer, Professor in Economics; Director of Development Innovation Lab; and Faculty Director, Development Economics Center, University of Chicago; and 2019 Nobel Laureate in Economic Sciences Forward Looking Panel Discussion on Food Policy Research Priorities Moderator: Purnima Menon, Senior Director, Food and Nutrition Policy; Acting Senior Director, Transformation Strategy, IFPRI Alice Ruhweza, President, Alliance for a Green Revolution in Africa (AGRA) Ramesh Chand, Member, National Institution for Transforming India (NITI Aayog) Joan Matji, Global Director, Child Nutrition and Development, United Nations Children's Fund (UNICEF) Ruben Echeverria, Senior Advisor, Agriculture Development, Gates Foundation Santiago Alba-Corral, Vice-President, Programs and Partnerships, International Development Research Centre (IDRC), Canada Marianne Grosclaude, Practice Manager, Agriculture and Food Global Practice, World Bank Moderator Charlotte Hebebrand, Director of Communications and Public Affairs, IFPRI Links: More about this Event: https://www.ifpri.org/event/2025-global-food-policy-report-food-policy-research-for-a-brighter-future-looking-towards-2050/ Subscribe IFPRI Insights newsletter and event announcements at www.ifpri.org/content/newsletter-subscription

For many years, the continued rise of private markets has been defined by assets under management (AUM), while the composition of the industry evolved significantly. This week, two of McKinsey’s Private Capital Practice experts are joined by Neil Mehta from Apollo Global Management to discuss the diverse types of non-traditional private capital increasingly being raised by general partners (GPs), and how asset managers will need to continue to adapt to meet this growing complexity and the variety of needs that their investors are looking to them to solve. McKinsey Senior Partner Alexander Edlich is a senior leader in McKinsey’s Private Capital Practice, and is based in New York. He’s the lead author of our 2025 Global Private Markets Review, and has more than two decades of experience advising financial services firms, including alternative asset managers and investors, on how to address ever-changing industry dynamics. McKinsey Partner Paul Maia co-leads McKinsey’s work on advising the C-suite of private capital GPs, as well as the private capital arms of institutional investors, and is based in Washington, D.C. Neil Mehta is a partner and global head of new markets at Apollo Global Management in New York, where he is responsible for driving growth into markets that have historically had limited exposure to private assets, including traditional asset management, defined contribution, and tax advantage strategies. Neil is also a member of Apollo’s leadership team. Related insights Alternative assets get more alternative: The rise of novel AUM forms Global Private Markets Report 2025: Braced for shifting weather Thematic investing: A win–win for private equity and the planet Private capital: The key to boosting European competitiveness McKinsey Insights on Private Capital McKinsey Insights on Strategy & Corporate Finance McKinsey Strategy & Corporate Finance on LinkedInSupport the show: https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/See www.mckinsey.com/privacy-policy for privacy information

VettaFi's Head of Research Todd Rosenbluth discussed the iShares US Thematic Rotation Active ETF (THRO) on this week's “ETF of the Week” podcast with Chuck Jaffe of “Money Life.”  Join us for our Midyear Market Outlook Symposium, where we'll talk through recent market action and explore opportunities in asset classes, styles, factors, and themes going forward. Register now here: https://www.etftrends.com/webcasts/midyear-market-outlook-symposium-2025/?partnerref=trends_nav

In this episode of the Winning Hand podcast, LazyTitan and Boomguy grapple with the reality of no longer having Leethus and his crazy ideas to clutter up the show. Unfettered by his limitations, we can finally go crazy and realize the fever dream that is Dive Bomb. Enjoy! Chapters 00:00 Introduction and Con Recap 01:21 Transitioning Co-Hosts and Future Guests 03:02 Community Engagement and Emails 09:02 Deck Building Strategies and Player Experiences 15:42 Recent Gameplay and Favorite Heroes 24:34 Deck Strategies and Archetypes 33:29 Card of the Day: Dive Bomb 42:06 Thematic and Power Analysis of Dive Bomb 48:43 The Evolution of Aggression Cards 52:07 Dive Bomb: A Game Changer 55:47 Assessing Dive Bomb's Strength 01:00:44 Final Thoughts on Dive Bomb 01:13:48 Outro

Bryan Gee returns with another heavyweight instalment of the V Podcast, laying down over two hours of DNB pressure to kick off May in serious style. Expect upfront rollers, soulful cuts and soundsystem business from all corners of the scene, with fresh heat from the likes of L-Side, Sl8r and Fox, Carlito, Winslow, Paul T and Edward Oberon, and London Elektricity and Conrad Subs. It's that full-spectrum V flavour – smooth and deep one minute, ruff and rugged the next. This month's episode also features a guest mix from none other than Command Strange, stepping up with a 27-track session of deep, bass-driven selections. Expect linkups with T.R.A.C. and Freddy B, plus serious artillery from Zero T, Enei, Creatures, Thematic and more. It's a proper journey through murky textures, soulful licks and chest-rattling subs – no filler, just killer. Stay connected with us on social media and subscribe to the V Podcast on your favorite platform to stay updated on all the latest episodes. 1. L-Side, Gardna and Eva Lazarus – Move With Me 2. Sl8r and Fox – Holla Holla 3. Sl8r and Fox – Love What I Do 4. Carlito – Heart in Hands 5. Carlito – Ow Yeah 6. Carlito – Learn to Fly 7. Winslow and T.R.A.C. – Vibe Check 8. Winslow – Let Go 9. London Elektricity and Conrad Subs feat. Genesis Elijah – All on Top 10. Paul T and Ed Oberon – Move (Bcee Remix) 11. Paul T and Ed Oberon feat. Collette Warren – Untitled 12. Philth, Fingers and Ella Sopp – No One Like You 13. L-Side – Someone to Love You 14. Duoscience and Keylo – To Be Good 15. Command Strange and T.R.A.C. – Vastness 16. Riya and Crystal Clear – Overlook 17. Crystal Clear – Selector (feat. Bryan Gee) 18. Cork – Clearance (Crystal Clear Remix) 19. Manifest – Stone Love 20. Alibi – Big Bad Soundclash 21. Think Tonk and Alibi – Run Tonight 22. Alibi and L-Side – Take You Higher 23. Sl8r and Fox – Pull It Up 24. MC Dett and L-Side – Jah Creation 25. Big Youth and Hurian – Natty Dread 26. Sl8r, Slay, DRS and Jken – To the Moon 27. Level 2 – Come Selecta --- Command Strange Guest Mix --- 28. Command Strange and T.R.A.C. – Loyalty 29. Creatures and Philth – What You Want 30. Command Strange and T.R.A.C. – Vastness 31. Sl8r, Slay, Jken and DRS – To the Moon 32. Creatures and ZeroZero – Everything We Do 33. Leniz – Revelation 34. Abstract – Multifunction 35. Thematic – Void 36. Molecular – Got Game 37. Untrue – Low Low 38. The Sauce and Logan – We Run Things 39. Enei and Envy – Death Sport 40. Zero T – Get Back 41. Level 2 and Inja – V Tingz 42. Melysma – Line In Up 43. A-Audio – Welcome On Board 44. Command Strange and Freddy B – Electric 45. Enei – First Puzzle 46. Molecular – Fair Warning 47. Thematic – Dirty Talker 48. Untrue – Dem Style 49. L-Side and Selecta J-Man feat. Rider Shafique – We Ruff 50. Enei and Envy – Badboi 51. L-Side and Selecta J-Man feat. Inja – Bad Boy 52. Command Strange – Acid Dust 53. Alibi and L-Side – Take You Higher 54. Archangel – Roses

Absolutely! Here's the same set of show notes with chapter timestamps added to guide listeners through the episode:

Asia is the fastest growing region in the world. And there's more ways to invest in it now, than ever before. But with so much choice, comes a debate; what's strategy is best? Active, Passive or Thematic?We break it down in this episode: A list of the best ETF options for investing in Asia on the ASXWhich is the best performing?The case for Index, Thematic and Active investing in AsiaHow we invest in Asia; the products are in our portfoliosLinks Referenced:

This is going to be big. SEO Week 2025 is happening at the end of this month!.  Held from April 28th to May 1st in New York City, this conference brings together a powerhouse of 40+ speakers to discuss the seismic shifts in SEO, including generative AI and its profound implications on search dynamics. Join Erin Sparks, Garrett Sussman, and Mike King as they share tales from the frontlines of SEO innovation. The conference is set to be groundbreaking. Thematic days are focused on the Science, Psychology, Ecosystem, and Future of SEO. Special guest Will Critchlow joins us with his fascinating take on how AI-powered searches are subtly yet drastically altering E-commerce strategy, giving a sneak peek into what to expect at the NYC event. Hold on tight because this isn't just a conference—it's a seismic shift poised to redefine SEO. Lily Ray, JR Oakes, and Jori Ford join the show and share a bit of their presentations that will happen at the conference. Get their takes on how important this conference is set to be! Ready to transform your SEO perspective? Tune in for the full scoop on how to snag a ticket, and don't miss the chance to join us and the leading minds in search at this one-of-a-kind event! We have a free, full-week ticket giveaway for SEO Week! Simply share the EDGE of the Web LinkedIn post to enter a raffle for a full ride to the biggest SEO conference in recent history! Key Segments: [00:00:34] Introducing SEO Week: April 28 - May 1 [00:01:13] Mike King and Garrett Sussman of iPullRank [00:01:33] What is Different about this Conference? [00:03:58] Themes of the Conference [00:05:17] Speaker Insight: Will Critchlow, Ecommerce SEO [00:14:26]  SEO Week: Cindy Krum [00:15:19] SEO Week: Tom Critchlow [00:15:57] Speaker Insight: Lily Ray, History of Google [00:21:32] EDGE of the Web Ticket Giveaway! $1200 Value [00:24:54] SEO Week: Wil Reynolds [00:25:28] Speaker Insight: JR Oakes, LLMs and AI [00:26:15] SEO Week: Crystal Carter [00:35:01] SEO Week: Aleyda Solis [00:38:26] Speaker Insight: Jori Ford, Crawler Logs for SEO [00:48:26] SEO Week: Ross Simmonds [00:49:11] SEO Week: Devin Bramhall [00:50:32] Mike King: Relevance Engineering [00:55:00] The SEO Gestalt - Learn about it in New York [00:58:07] Some of the Line Up of Speakers Thanks to Our Sponsors! Site Strategics: http://edgeofthewebradio.com/site Resources: SEO Week EDGE of the Web LinkedIn page (for the giveaway!)

Back in 2020, I started a reading adventure that has sustained me through the best of times and the worst of times and I'm inviting you to do the same. In this episode, I'm diving into the power of creating a year-long calendar for thematic reading all year long: curating monthly themes for yourself that inspire creativity, reflection, growth and whatever else you can dream up.Whether you want to explore renewal in spring, adventure in summer, or deep work in fall, I'll share why you need to create a year-long personalized reading plan and how you can do it in the most joyful way possible. You'll find the show notes for the episode with links to all of the books and resources mentioned right here: https://www.alitlife.com/2025/04/01/create-a-thematic-year-long-reading-calendar/Love this podcast and want more? Consider this your invitation to join my Get Lit(erate) Substack community! Each month, we take a deep dive into one bookish theme and work to bring it to life in our own lives. You'll get bonus episodes, book calendars, live book club and notebook sessions, special events and much more. Learn more at www.getliterate.co. Get your own Get Lit(erate). notebook to take notes on the books you want to read and notebook ideas you want to try: https://amzn.to/44wELKNIf you'd like to support the podcast, consider purchasing some Get Lit(erate). merchandise from my Zazzle store: https://www.zazzle.com/store/alitlifeAll earnings are funneled right back into the podcast expenses and maintenance fees. Thanks for your support!Follow Stephanie:Website: http://www.alitlife.com/ Facebook: http://www.facebook.com/AffinitoLitTwitter: http://www.twitter.com/AffinitoLitInstagram: http://www.instagram.com/AffinitoLit

Artificial Intelligence (AI) is no longer a futuristic concept—it's here, and its transforming industries, investments, and daily life. Despite the advantages in processing and productivity, many still have concerns about using AI in their everyday lives at home and in business. This begs the question: Should AI be something we fear, or is it just new technology that we should embrace? Here to help answer those questions is Jay Jacobs. Jay is BlackRock's Head of Thematic and Active ETFs, where he oversees the overall product strategy, thought leadership, and client engagement for the firm's thematic and active ETF businesses. We're thrilled to tap into his expertise to break down the evolution of AI and LLMs (Large Language Models), how it's impacting the investment landscape, and what the future looks like in the AI and digital world. In our conversation, we discussed the rapid development of artificial intelligence and its potential to revolutionize sectors like finance, healthcare, and even customer service. You'll also hear Jay describe how AI has evolved into a race toward Artificial General Intelligence (AGI), its ability to increase our productivity on a personal level, and whether the fears surrounding AI's risks are warranted. In this podcast interview, you'll learn: How AI has evolved from Clippy in Microsoft Word to ChatGPT and other LLMs. Why research and investing in AI is accelerating and what's fueling its rapid growth. Why access to data, computing power, and infrastructure are the new competitive advantages in the AI arms race. How businesses are leveraging AI to boost efficiency and customer service. The race to AGI (Artificial General Intelligence)—what it means and how close we really are. How synthetic data and virtual environments are shaping the next frontier of AI development Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit SHPfinancial.com/podcast Connect With Us on Social Facebook LinkedIn YouTube

Looking for fresh ideas to keep your classes engaging and effective? In this episode of Yogaland, we'll show you how to plan a month-long yoga series that helps your students build skills, gain confidence, and deepen their practice over time.If you're tired of planning classes one-by-one and want to teach more cohesively and effectively, this episode is for you! Whether you're a new yoga teacher looking for guidance or an experienced teacher wanting to expand your teaching approach, you'll learn simple, powerful strategies to take your classes to the next level.Here's what you'll learn:✅ Why a long-term approach to teaching helps students learn faster and retain more.✅ How to structure a 4-week yoga series for consistent growth and progress.✅ Practical ways to apply Thematic Sequencing to build skills week by week.✅ How to use Scaffolded Learning to break down complex poses and techniques.✅ Why revisiting concepts (Spaced Repetition) improves learning and confidence.✅ What the Zone of Proximal Development (ZPD) means and how it applies to yoga.Timecodes:00:33 Upcoming Pranayama Course01:12 London Yoga Retreat Announcement04:31 Long-Term Yoga Class Planning07:03 Thematic and Progressive Sequencing19:42 Introduction to Vinyasa Class Structure21:34 Teaching Skills Step-by-Step26:00 Building Muscle Memory and Competence26:53 The Importance of Scaffolding in Yoga32:24 Spaced Repetition in Learning34:40 Zone of Proximal Development38:51 Encouraging Growth and Possibility42:14 Recap and Conclusion

Continuing or Other Worlds adventure, we bring you an epic mix of strategy, storytelling, and sheer chaos, where heroic battles, mysterious eggs, and a prophecy about a giant beast somehow all make perfect sense—if you don't think too hard about it. Episode Summary: In this episode, the hosts dive into their Pathfinder adventure, focusing on character dynamics, thrilling battles, and the immersive experience of role-playing. The conversation includes humorous exchanges, reflections on previous gaming sessions, and a deep dive into the unfolding narrative of their adventure. Listeners are introduced to a fantastical story featuring a mysterious captain, an arena filled with cheering crowds, and an overarching prophecy that ties the characters to a battle against a formidable seventh beast. The hosts analyze the mechanics of their character roles, engage in strategic discussions, and uncover deeper narrative themes, including the significance of a mysterious egg and philosophical reflections on life and death. The episode highlights the players' creativity, humor, and teamwork as they prepare for an impending battle against insectoid creatures, leading to an action-packed encounter filled with tactical decisions and thrilling combat sequences. The session concludes with an intense showdown against a powerful adversary, where unique items like the Blight Bomb and the Eternal Eruption Bomb come into play. As the battle ends, the revelation of a mysterious Shard of Light leaves the players with more questions, setting the stage for future adventures. Key Takeaways: Narrative and Role-Playing Elements: Character creation influences both gameplay and storytelling. The prophecy of the seventh beast adds urgency to the players' quest. The mysterious egg serves as a key narrative symbol. The arena setting introduces a competitive and high-stakes atmosphere. Humor is a central element that enhances character dynamics and engagement. Character backstories influence current choices and interactions. Role-playing adds depth and immersion to the game world. Collaboration and Teamwork: Teamwork is crucial for overcoming in-game challenges. Communication among players enhances strategic decision-making. Collaborative storytelling strengthens immersion and engagement. Managing resources effectively ensures long-term survival. The balance between risk and reward shapes character progression. Thematic and Philosophical Reflections: Language barriers can create humorous and unexpected moments. Philosophical discussions add depth to character arcs and decision-making. Music can significantly impact the gaming atmosphere. The balance between humor and seriousness enriches the experience. Cliffhangers keep players and listeners invested in the unfolding story. This episode encapsulates the excitement, strategy, and camaraderie of tabletop RPGs, offering valuable insights for both new and experienced players. As the adventure continues, listeners can look forward to further exploration of the characters' fates and the unfolding mysteries within the world of Pathfinder. If you enjoy the show, please rate and review us on Apple Podcasts, Spotify, or your favorite podcast app. It's a quick, free way to support the podcast, and helps us reach new listeners. If you love the show, consider joining us on Patreon, where backers at the $5 and above tiers get ad free access to RPGBOT.net and the RPGBOT.Podcast, can chat directly to members of the RPGBOT team and community on the RPGBOT.Discord, and can join us for live-streamed recordings. Support us on Amazon.com when you purchase products recommended in the show at the following link: https://amzn.to/3NwElxQ How to Find Us: In-depth articles, guides, handbooks, reviews, news on Tabletop Role Playing at RPGBOT.net Tyler Kamstra Twitter: @RPGBOTDOTNET Facebook: rpgbotbotdotnet Bluesky:rpgbot.bsky.social Ash Ely Professional Game Master on StartPlaying.Games Twitter: @GravenAshes YouTube@ashravenmedia Randall James @JackAmateur Amateurjack.com Producer Dan @Lzr_illuminati

Continuing or Other Worlds adventure, we bring you an epic mix of strategy, storytelling, and sheer chaos, where heroic battles, mysterious eggs, and a prophecy about a giant beast somehow all make perfect sense—if you don't think too hard about it. Episode Summary: In this episode, the hosts dive into their Pathfinder adventure, focusing on character dynamics, thrilling battles, and the immersive experience of role-playing. The conversation includes humorous exchanges, reflections on previous gaming sessions, and a deep dive into the unfolding narrative of their adventure. Listeners are introduced to a fantastical story featuring a mysterious captain, an arena filled with cheering crowds, and an overarching prophecy that ties the characters to a battle against a formidable seventh beast. The hosts analyze the mechanics of their character roles, engage in strategic discussions, and uncover deeper narrative themes, including the significance of a mysterious egg and philosophical reflections on life and death. The episode highlights the players' creativity, humor, and teamwork as they prepare for an impending battle against insectoid creatures, leading to an action-packed encounter filled with tactical decisions and thrilling combat sequences. The session concludes with an intense showdown against a powerful adversary, where unique items like the Blight Bomb and the Eternal Eruption Bomb come into play. As the battle ends, the revelation of a mysterious Shard of Light leaves the players with more questions, setting the stage for future adventures. Key Takeaways: Narrative and Role-Playing Elements: Character creation influences both gameplay and storytelling. The prophecy of the seventh beast adds urgency to the players' quest. The mysterious egg serves as a key narrative symbol. The arena setting introduces a competitive and high-stakes atmosphere. Humor is a central element that enhances character dynamics and engagement. Character backstories influence current choices and interactions. Role-playing adds depth and immersion to the game world. Collaboration and Teamwork: Teamwork is crucial for overcoming in-game challenges. Communication among players enhances strategic decision-making. Collaborative storytelling strengthens immersion and engagement. Managing resources effectively ensures long-term survival. The balance between risk and reward shapes character progression. Thematic and Philosophical Reflections: Language barriers can create humorous and unexpected moments. Philosophical discussions add depth to character arcs and decision-making. Music can significantly impact the gaming atmosphere. The balance between humor and seriousness enriches the experience. Cliffhangers keep players and listeners invested in the unfolding story. This episode encapsulates the excitement, strategy, and camaraderie of tabletop RPGs, offering valuable insights for both new and experienced players. As the adventure continues, listeners can look forward to further exploration of the characters' fates and the unfolding mysteries within the world of Pathfinder. If you enjoy the show, please rate and review us on Apple Podcasts, Spotify, or your favorite podcast app. It's a quick, free way to support the podcast, and helps us reach new listeners. If you love the show, consider joining us on Patreon, where backers at the $5 and above tiers get ad free access to RPGBOT.net and the RPGBOT.Podcast, can chat directly to members of the RPGBOT team and community on the RPGBOT.Discord, and can join us for live-streamed recordings. Support us on Amazon.com when you purchase products recommended in the show at the following link: https://amzn.to/3NwElxQ How to Find Us: In-depth articles, guides, handbooks, reviews, news on Tabletop Role Playing at RPGBOT.net Tyler Kamstra Twitter: @RPGBOTDOTNET Facebook: rpgbotbotdotnet Bluesky:rpgbot.bsky.social Ash Ely Professional Game Master on StartPlaying.Games Twitter: @GravenAshes YouTube@ashravenmedia Randall James @JackAmateur Amateurjack.com Producer Dan @Lzr_illuminati

Original Air Date: March 15, 2025 From AI to GameStop to marijuana stocks, thematic investing has driven some of the hottest market trends in the last five years—but are these themes still delivering? The “Henssler Money Talks” show hosts Nick Antonucci, CVA, CEPA, Director of Research, and Managing Associates K.C. Smith, CFP®, CEPA, and D.J. Barker, CWS®, look back at the biggest investment fads, how they've performed, and what investors can learn from the hype cycles. Read the Article: https://www.henssler.com/hot-trends-or-lasting-value-the-truth-about-thematic-investing  

In this episode, the devious, uncanny Spiders examine Mother Night, a solid and thought-provoking novel from the oft-overrated Kurt Vonnegut.

The book of Ruth tells us a simple story, but there are numerous thematic layers to discover which help us to appreciate the beauty and depth of God's word. In this episode, we will look at character development, book ends, and thematic comparisons of the various genres of the Old Testament, all of which demonstrate that the book of Ruth is much more significant than we may have realized. Best of all, today's study methods can also be used in your study of other biblical narratives. I hope you find this helpful in deepening your love for the Lord and His Word.Support the showIf you're ready to dive deep with me, consider joining my all-new membership site Better Readers Academy.

Episode 569: Games with Card Play Conflict Resolution  Episode release date is March 12, 2025   Show Notes    This week we are doing a single episode discussing games with card play conflict resolution. Card play conflict resolution is a versatile mechanic that can add depth, strategy, and thematic flavor to board games. It allows for player agency and decision-making in situations that might otherwise be left to chance. Card play conflict resolution in board games means that instead of using dice rolls or other randomizers to determine the outcome of a conflict, players use cards from their hand or a shared deck to influence or directly decide the result. Conflict arises:  Card selection:  Reveal and resolve Why use card play for conflict resolution? Reduced randomness Strategic depth Thematic connection Variety and replayability Come join us at the game table.   Sponsorship Game Toppers  SaltCON   Intro of Meeple Nation Web Page Links to Episodes SaltPOD: A SaltCON Podcast Bios Email us at MeepleNation@gmail.com Patreon Instagram @meeplenation Facebook Meeple Nation Facebook Group Meeple Nation Off Air X Meeple Nation Discord Meeple Nation   Meeple Nation Gaming Highlights  Andy Inventors of the South Tigris Nathan Loco Momo Fromage   Top games with modular boards Gloomhaven Dune: Imperium Star Wars Rebellion Marvel Champions Mage Knight: Ultimate Edition Mage Knight: The Board Game Oathsworn: Into the Deepwood Kemet Ankh: Gods of Egypt Dune Western Legends Lords of Hellas Mythic Battles Pantheon Cooper Island Mythic Battles Ragnarok Mythic Battles Isfet The Witcher: Old World Battlestar Galactica A Game of Thrones: The Board Game (Second Edition) StarCraft: The Board Game Earthborne Rangers Star Wars: The Card Game Star Wars: Customizable Card Game Fury of Dracula (Third/Fourth Edition) SeaFall Jaws Halloween   Games on the list that we did not get too. Forbidden Stars Cosmic Encounter Unmatched: Battle of Legends, Volume One Battle Line Summoner Wars (Second Edition) Air, Land, & Sea Schottne Totten Lord of the Rings: The Confrontation (2005) A Few Acres of Snow Regicide War of the Ring: The Card Game Lord of the Rings: The Confrontation (2002) Bloodborne: The Board Game My Little Scythe Heroes of Land, Air, and Sea Brazil: Imperial Fridrich: Anniversary Edition Resist!  Super Fantasy Brawl Sylvion Sun Tzu War of the Ring: Second Edition Scythe Blood Rage

Lisa, the founder of Base 58 and BTC++, discusses her focus on Bitcoin education and the growth of the Bitcoin++ conference series. She highlights the importance of building a global community of Bitcoin developers and the challenges of funding open-source projects. In this conversation, Lisa and Stephan discuss the evolving landscape of Bitcoin, focusing on decentralization in block construction, the challenges faced by small miners, and the importance of mining incentives. They explore upcoming Bitcoin conferences and their themes, innovations in privacy, and the growth of the Lightning Network. The discussion emphasizes the need for better tooling and understanding of protocol changes to foster Bitcoin adoption and maintain its decentralized nature.Takeaways

Thematic investing is gaining traction in today's investing landscape, but what exactly is thematic investing and how can investors take advantage of this new trend? Jeff Shen, co-head of systematic Active Equity at BlackRock, joins Oscar to help us understand the current themes driving investment opportunities, how his team identifies and evaluates emerging themes and the role of technology in shaping the future of investing. We'll also discuss the risks associated with thematic investing and key takeaways for investors looking to capitalize on these trends.This content is for informational purposes only and is not an offer or a solicitation. Reliance upon information in this material is at the sole discretion of the listener. In the UK and Non-European Economic Area countries, this is authorised and regulated by the Financial Conduct Authority. In the European Economic Area, this is authorised and regulated by the Netherlands Authority for the Financial Markets. For full disclosures go to Blackrock.com/corporate/compliance/bid-disclosuresSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Dr. Alan Kurschner explained Thematic Millennialism, which is a non-temporal interpretation understanding of the millennial passage. He surveyed two interpreters: E. Schüssler Fiorenza and David L. Mathewson.       Become a ministry Partner: https://www.alankurschner.com/partner/  

Dr. Alan Kurschner explained Thematic Millennialism, which is a non-temporal interpretation understanding of the millennial passage. He surveyed two interpreters: E. Schüssler Fiorenza and David L. Mathewson.       Become a ministry Partner: Become an Eschatos Partner by Giving Monthly The post Thematic Millennialism appeared first on ESCHATOS MINISTRIES.

This Psalm's responsive refrain is echoed 26 times. With every verse we are reminded and called to confess:" His (Yahweh's steadfast love endures forever". Perhaps the most obvious message from Ps 136 is ironically the most often discounted: the relationship between the sovereignty of God demonstrated in His awesome acts and His eternal steadfast love. How is it that the cosmic order of creation, the terrifying judgments of Egypt, or the conquering of nations demonstrate the love of God? Despite our modem sensibilities, the author expects the singer/reader to resonate with these citations as proof of Yahweh's loving character. Viewing this song from the perspective of Israel's Old Testament experience is helpful in making sense of these connections. With the song's introductory three verses we note the 'God of Gods & Lord of Lords' references providing a helpful parallel from Deuteronomy 10:17. Here Moses issues a call to worship and fear given the revelation that the owner of earth & heaven has so loved His chosen people that He has exercised His sovereign power on their behalf in delivering them from bondage and multiplying their numbers. Thematic divisions for the remainder of the song are supplied from the text itself as the Psalmist provides a summarizing refrain in chiastic conclusion. Taking the closing themes in reverse order we have our outline for Psalm 136.

"Storm is top 5 X-Men. IMO." - Leethus In this episode of the Winning Hand Podcast, we talk about our recent gameplay experiences with various Marvel Champions characters, including Hulk and Thor (Leethus), and Black Widow and Black Panther (Boomguy). We highlight a content creator, Joshi of Smeg, and delve into deck-building strategies, emphasizing the importance of consistency and thematic alignment. The conversation then shifts to upcoming heroes like Nick Fury and Maria Hill, and we show off our excitement for their unique mechanics. Finally, we analyze Team-Building Exercise, comparing its two different arts and contemplating what it means to build a team. As a bonus, we each share our top 5 favorite X-Men characters. You can find Joshie of Smeg here: https://www.youtube.com/@joshieofsmeg Leethus' Thor deck: https://marvelcdb.com/decklist/view/45855/thor-be-strong-and-hit-stuff-1.0 Leethus Valkyrie deck: https://marvelcdb.com/decklist/view/45910/valkyrie-nibelung-valesti-1.0 Chapters 00:00 Introduction to the Winning Hand Podcast 03:12 Community Engagement and Content Creator Spotlight 05:55 Recent Gameplay Experiences and Strategies 09:04 Deck Building Philosophy and Hero Exploration 12:08 Discussion on Black Panther and Upcoming Heroes 15:10 Excitement for New Characters: Nick Fury and Maria Hill 24:05 Card of the Day: Team Building Exercise 25:23 Exploring Card Art Variations 28:52 Diving into the Team Building Exercise 35:03 Top 5 X-Men Showdown 38:14 Thematic Analysis of Team Dynamics 44:39 Power Mechanics and Team Synergy 45:57 Inconsistent Card Mechanics 47:14 Thematic Elements in Team Dynamics 48:42 Hero Mechanics and Card Synergy 49:32 The Role of Resource Generators 51:16 Thematic vs Mechanical Disconnect 52:39 Final Thoughts on Team Building Exercise 01:10:44 Outro

Morgan Stanley Research analysts Michelle Weaver, Chris Snyder and Nik Lippmann discuss U.S.-Mexico trade and the future of reshoring and near-shoring under the Trump administration.----- Transcript -----Michelle Weaver: Welcome to Thoughts on the Market. I'm Michelle Weaver, U.S. Thematic and Equity Strategist at Morgan Stanley.Christopher Snyder: I'm Chris Snyder, US Multi-Industry Analyst.Nikolaj Lippmann: And I'm Nik Lippmann, Chief Latin America Equity Strategist.Michelle Weaver: On this episode of our special mini-series covering Big Debates, we'll talk about the U.S.-Mexico trade relationship and the key issues around reshoring and nearshoring.It's Friday, January 31st at 10am in New York.The imposition of tariffs back in 2018 under the first Trump administration and the COVID pandemic put a severe strain on global supply chains and catalyzed reshoring and nearshoring in North America. But with inflation and supply chain concerns no longer front and center, investors are questioning whether the U.S. reshoring momentum can continue.Chris, what's your view here?Christopher Snyder: I think it's in the very early innings. You know, if you look at the history of U.S. manufacturing, the country really started ceding share in about 2000 when China joined the World Trade Organization. So, it's been going on for 25 years; we've been giving share back to the world. I think the process of taking share back is probably slower and ultimately is a multi-decade opportunity.But you're absolutely right. The supply chain concerns are no longer like they were three to four years ago. But what I think has persevered since the pandemic is this heightened focus on operational durability and resiliency; and really shortening supply chains and getting closer to the end user, which I'm sure we'll hear more from Nick about, on the Mexico side.But, you know, if you kind of look back at global supply chains and manufacturing, it's really been a chase to find low-cost labor for the last 45 years. And while that's always important, we think going forward, capital and proximity to end users will increasingly dictate that regional allocation of CapEx. I mean, those parameters are very supportive for the U. S.You know, one thing I would like to kind of, you know, make sure is known on our U.S. reshoring view is that, you know, oftentimes it's thought of that we're shutting down a factory in China and reopening the same factory in the United States, and that's really a very rare example.Our view is that the world, and very specific industries need to add capacity. And we just simply think that the U.S. is better positioned to get that incremental factory relative to any point in the last 45 years, due to the combination of structural tech diffusion, but also this focus on resiliency. And one thing that I really do think is underappreciated is that global manufacturing grows 4 to 5 per cent a year. In the U.S. it's been more in the 1 to 2 percent range because we're constantly ceding share. But even if the U.S. just stops giving back share, you could see the growth profile of U.S. industrials double.Michelle Weaver: How would you size the reshoring opportunity? Do you have a dollar amount on what that could be worth?Christopher Snyder: Yeah, we've sized it at $10 trillion. You know, and it's been a combination of the CapEx, the fixed asset investment that's needed to build these factories, then ultimately the production, you know, opportunity that will come to those factories thereafter.Michelle Weaver: And you've argued that the U.S. reshoring flame was really lit in 2018 with the first wave of the Trump tariffs. It seems clear that trade policies by the new administration will continue to support reshoring. What's your outlook there?Christopher Snyder: Yeah, you're absolutely right. Prior to 2018, there wasn't really a thought process. If you need an incremental factory, you most likely just put it in China. And I think the tariffs, back in 2018 or [20]19 really started, or kickstarted boardroom conversations around global supply chains. So, I think a Trump presidency absolutely adds duration to this theme via protectionism or tariffs that the administration will implement.If you go back to the Trump 1.0 tariffs, supply chains reacted to the change in cost structures very quickly. We didn't see a huge wave of investment back into the United States. We just saw production exit China and move to broader Asia, because the focus was tariff avoidance.Now, we think the focus is around building operational, resiliency and durability which better positions the U.S. to get that incremental factory. And one thing that I think is underappreciated here is just how much leverage U.S. politicians have. The U.S. is the best demand region in the world. The U.S. accounts for about 30 per cent of global goods consumption. That's equal to the E.U. and China combined. It's also the best margin region in the world, not only for U.S. companies; but most international companies do their best margins in the United States. So, you can raise the cost to serve the U.S. market, and no one is turning away from the region that has the best demand and the best margins.Michelle Weaver: So, of course, tariffs in the pandemic have been major catalysts for U.S. reshoring. Have there been any other drivers like tech diffusion?Christopher Snyder: Yeah. I view the pandemic as the catalyst, and I view tech diffusion as the structural tailwind for U.S. manufacturing. Over time, we will continue to figure out ways to squeeze labor out of the manufacturing cost profile. It's hard to kind of pinpoint it, but I think if we look out over any 5- or 10-year window, we will see that. That's a structural talent for the United States, given the high labor costs. And really what it will help do is just narrow the cost delta, between low cost producing regions. I also think as we kind of extend this tech diffusion into GenAI; I also think what's going on is, will fuel another round of protectionism. So, you know, kind of further keeping that cycle going.Michelle Weaver: Nick, of course the big question investors are asking is how will the Trump trade agenda impact Mexico? Contrary to the prevailing market view, you've argued that Mexico can actually win big with Trump. How's this possible?Nikolaj Lippmann: That's right, Michelle. Look, we recently upgraded Mexico to equal weight, from underweight. And while some of the news we see around the administration seems a bit like a sequel, there are other things that are just very different.We're not talking about ripping apart the USMCA but actually bringing forward renegotiations from [20]26 to [20]25. It's a much more constructive message. It's a very young deal, and yet I think the world we live in today is quite different from the world of 2018. When we look at what are some of the things where Mexico could actually end up winning big, we look at the regionalism that appears to be a number one agenda.We look at the – how difficult it would be for the United States to de-risk from China. And from Mexico simultaneously. And also, fundamentally at that integration across the border, the industrial integration. It's clear that there's a need for calibration. There's a need for calibration in terms of a lot of the trade policy. There's been talks about maybe a customs union and I think that's far out in the future. But there's a need to try to figure out how to calibrate trade. And also, you know, there are things that Mexican policy makers can do to deal with the non-trade related issues, such as immigration or the cartels. And I think frankly, it's in Mexico's interest to deal with some of these issues.Michelle Weaver: Where are we in the whole Mexico as a China bridge versus China buffer debate?Nikolaj Lippmann: Right. That's another good question, Michelle. And one thing that we've been writing a lot about. The key difference from where we were, in Trump 1.0 and now is just how different the relationship with China really is. And I think one area where we've been scratching our head a little bit with regards to the – how Mexican policymakers have reacted after signing the USMCA deal is really just around that. That relationship with China. Well, I think that might have – they might have misread or underestimated just how much times have changed.We've seen a big increase in import from China. There have been very specific manufacturing ecosystems. And we've also seen increased investments by China and Mexico. Now, this has caused Mexico's trade deficit with China to go up a lot – almost double. And we've also seen an increase in the trade deficit between Mexico and the United States, in Mexico's favor.Now, that could imply that it's all the China bridge, I think that's far from the truth. But, you know, Mexico is probably two-third or a little more above. It's really that integration that I think policy makers in Mexico need to understand. And then you need to manage that these emerging elements of being a bridge. This is not in Mexico's interest; it's not in the U.S. interest to simply just be a bridge.We have done a lot of surveys with corporates around the world; and the way the European, and American companies in particular view Mexico is completely different from the way Asian and in particular Chinese companies view Mexico. The Chinese companies view Mexico much more as a place of assembly – whereas Americans think of Mexico as an integrated part of the manufacturing value chain.Michelle Weaver: Finally, how will the Mexico nearshoring theme develop from here?Nikolaj Lippmann: This is a great debate, I think. And one that's going to be – I think we're going to be writing a lot with Chris about, and with you guys around, about. Also, with the U.S. policy team. We laid out in 2022 this hypothesis that onshoring, nearshoring was about to happen. In terms of Mexico, it would imply $150 billion over five years. And very importantly, it was going to be – it could happen so fast because it was brownfield.It was more to the same. Where you already had manufacturing ecosystems, you could add to that. We saw very little evidence that you could do greenfield. But now that the world has evolved, we're looking at some of these greenfield manufacturing ecosystems that are really not present in North America, not in the United States, not in Canada, not in Mexico, such as EV batteries or IT hardware, some of the things that are starting to emerge around the big chip investments.And we're wondering what are going to be the policy objectives pertaining to these very specific manufacturing ecosystems that in many cases are quite important for national security. If that is to happen, I think it's going to happen slower, much like what Chris laid out, but it's going to be much more impactful. So, I'm sure we're going to be working closely on these debates.Michelle Weaver: Nick, Chris, thank you for taking the time to talk. And to our listeners, thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen to the show and share the podcast with a friend or colleague today.

In today's episode of our CVC series, Andreas and our CVC in-house expert, Jeppe Høier, talk with Alokik Advani, Managing Partner at Fidelity's Corporate Venture Capital (CVC) arm, a strategic investment group focused on early-stage FinTech. Operating globally from London, Fidelity's CVC targets opportunities in asset and wealth management, investing between $3–$10 million per deal and maintaining a disciplined approach to achieving both financial returns and strategic alignment.With over six years of experience leading Fidelity's CVC strategy, Alokik has spearheaded investments in companies like Moneybox, Moonfare, and 73 Strings. He shares insights into the unique challenges and opportunities of combining venture capital expertise with the strategic goals of a global asset manager. The conversation explores Fidelity's thematic investment framework, the evolving CVC landscape, and the pivotal role of AI and sustainability in shaping the future of financial services.

Morgan Stanley Research analysts Michelle Weaver, Michael Cyprys and Ryan Kenny discuss the resurgence in capital markets activity and how sponsors might deploy the $4 trillion that has been sitting on the sidelines. ----- Transcript -----Michelle Weaver: Welcome to Thoughts on the Market. I'm Michelle Weaver, U.S. Thematic and Equity strategist at Morgan Stanley.Michael Cyprys: I'm Mike Cyprys, Head of U.S. Brokers, Asset Managers and Exchanges Research.Ryan Kenny: And I'm Ryan Kenney, U.S. Mid-Cap Advisors Analyst at Morgan Stanley.Michelle Weaver: In this episode of our special miniseries covering Big Debates, we'll focus on the improving M&A and IPO landscape and whether retail investing can sustain in 2025.It's Thursday, January 23rd at 10am in New York.2023 saw the lowest level of global M&A activity in at least 30 years. But we've started to see activity pick up in 2024. Mike, what have been the key drivers behind this resurgence, and where are we now?Michael Cyprys: Look, I think it's been a combination of factors in the context of a lot of pent-up activity and a growing urge to transact after a very subdued period of, you know, call it four- to six quarters of quite limited activity. Key drivers as we see it ranging from equity markets that have expanded across much of the world, low levels of equity volatility. broad financing, availability with meaningful issuance as you look across investment grade and high yield bond markets, tight credit spreads, interest rates stabilizing in [20]24, and then the Fed began to cut.So, liquidity pretty robust, all of that helping reduce bid-ask spreads. In terms of where we are now, post election, think there's just a lot of excitement here around a new administration; where we could see some changes around the antitrust environment that can be helpful, as we think about unlocking greater M&A activity across sponsors as well as strategics, and helping improve corporate confidence.But look, the recent rout of market could delay some of the transactional activity uplift. But we view that as more of a timing impact, and we are quite positive here in [20]25 as we think about scope for continued surge of activity.Michelle Weaver: We've seen rates rising pretty substantially since December. Does that throw a wrench into this at all, or do you think we see more stabilization there?Michael Cyprys: I think it could be a little bit of a slowdown, right? That would be the risk here, but as we think about the path for moving forward, I do think that there are a lot of factors that can be very helpful in terms of driving a continued pickup in activity, which we're going to talk about -- and why that will be the case.Michelle Weaver: Great. And you mentioned financial sponsors earlier, I want to drill down there a little more. What do you think would get sponsor activity to pick up more meaningfully?Michael Cyprys: Well, as I think about it, activity is already starting to pick up clearly across strategics as well as sponsors. On the sponsor side, it's been lagging a bit relative to strategics. We think both of which will build, and Ryan will get to that on the strategic side. As we think about the sponsors -- they're sitting with $4 trillion of capital to put to work that's been sitting on the sidelines where you just haven't seen as much activity over the past couple of years.Overall activity in [20]24 was probably call it maybe around 20 per cent below peak levels, and this is burning a hole in the pockets of both sponsors as well as their clients. And so, we see a growing urge to transact here, which gets to some of your earlier questions there too.So why is that? Well, the return clock is ticking; the lack of deployment is hurting returns within funds. Some of this dry powder also expires by the end of [20]25; and so if it's not yet deployed, then sponsors won't get some of the performance fee economics that come through to them on that capital. So that's all, all on the deployment side.As we think about the realization or exit side, we think that's probably going to lag, but we'd still expect, a steady build through this year. Today sponsors are sitting on call it around $10 trillion of portfolio of investments that are in the ground, and they haven't really provided much in the way of liquidity back to their customers, the LPs and the funds. And so, this is putting a little bit of a strain not only on the client relationships that want more money back from their private investments that haven't received it, but it's also one of the causes of what has been a little bit of a challenging fundraising backdrop across private equity funds.Hence if sponsors can return more capital to their clients, that can be helpful in terms of healing the overall fundraising backdrop. So, look, putting all that together, we expect an expanding pace of transactional deal activity across the sponsors from both the buy side as well as the sell side in terms of our activity.Michelle Weaver: And Ryan, how about IPOs? Have they been part of a similar trend?Ryan Kenny: Yes, definitely. So, with IPOs, we're also expecting a significant resurgence off of a low base. So just to put some numbers on it. In 2024, announced M&A volumes relative to nominal GDP, we're around 40 per cent below three-decade averages; equity capital markets [ECM] or ECM was even more muted, 50 per cent below three decade averages. And the leading indicators for ECM are very similar to the leading indicators for M&A. You want a strong equity market, relatively low volatility so that companies have the confidence to go public and so that deals can price well. And those conditions are really starting to materialize already in 2024; and we saw a few big IPOs price well last year, and launch well. The fourth quarter also looks strong. We saw a significant acceleration in industry ECM activity in October, November, December. 4Q volumes tracking up over 50 per cent year-over-year.Michelle Weaver: Let's dig a little deeper into potential policies from the incoming Trump administration. What are your expectations around antitrust regulation and its impact on M&A?Ryan Kenny: So, Trump has announced his appointments to the FTC and to the DOJ antitrust division. And our expectation is a return to normal. And that's coming off of what was a more onerous and not-clear environment under Biden. The Biden administration's approach was to disincentivize M&A; and they did that by defining M&A market concentration in novel ways -- looking at things like labor markets, and looking at how competitiveness is defined in new ways. And these new ways of defining concentration decrease the clarity of whether a specific deal would be challenged.So, from a CEO and board perspective, you don't want to waste the time of your management team and your board going through a deal that might not go through; in addition to the risk of prolonging the deal, and the risk of higher legal expenses during the process. So now that we're returning more towards normal, that's our expectation. We expect there will still be some deals like a challenge, but it will operate under more historical norms and so that really checks the box of getting CEO confidence up to transact more.Michelle Weaver: And I know that dynamic you're talking about with market concentration created quite a big drag on large M&A deals and large-cap M& A. Do you think we could start to see that come back as well?Ryan Kenny: Yeah, expect large-cap deals to rebound even more than small-cap deals. When we started to see the activity pick up in 2024, it was led by more mid-cap corporates. And now we expect to see large deals return in force at a time when financial sponsors, like what Mike was just talking about, coming back in force at the same time -- which drives up the animal spirits when all parts of the M&A market are returning at the same time.Michelle Weaver: And what are some other catalysts beyond the political side that investors should watch in 2025 around capital markets developments?Ryan Kenny: So, I categorize it as macro catalysts and structural catalysts The macro catalysts are clarity on tariff and immigration policies, how that will impact GDP. Clarity on the interest rate path. And look you don't need more rate cuts to get this market moving; you can still have a significant increase, even if there are no more rate cuts this year.But narrowing the range of outcomes is important. And I think we're already there, where maybe we get no cuts this year. Maybe we get two cuts. It's a much tighter environment than where we were over the last few years. And so that helps narrow the bid-ask spread between buyers and sellers.Structural catalysts that are really critical this cycle are the need for AI capabilities. Innovation in tech, innovation in biotech healthcare, the energy transition, reshoring and exploring your geographic footprint in a multipolar world -- are all really critical when you evaluate the types of companies that a board would want to acquire.Michelle Weaver: What's your outlook for 2025? And then even beyond that when it comes to both M&A and IPO activity?Ryan Kenny: So, in 2025, we see a strong rebound in both ECM and M&A. ECM volumes in our base case, we expect to roughly double off of a low base. M&A announcements, we expect up over 50 per cent year-over-year in 2025. And importantly, that's our base case. Even in our bear case, we model an increase in both ECM and M& A volumes, given we're coming off of such low levels.We've had three years of light activity and pent-up demand, and pipelines have already begun to build. When we look forward beyond 2025, we think this is the beginning of a multi-year capital markets growth cycle -- with bigger deal sizes and more deal count than average, driven by three years of pent-up demand and an economy that's a third larger than 2021, which was the last time we had a capital markets cycle.Michelle Weaver: And then Mike, what does this rebound in capital markets activity, including M&A and IPOs means specifically for retail investing?Michael Cyprys: Overall, a supportive macro backdrop with a rebound in capital markets activity, we think should be helpful in terms of bringing more investors into the markets, including retail investors. Whether it's from corporate actions and IPOs, it helps in terms of more stocks to trade; also helps in terms of revising animal spirits.I think that's all helpful in terms of supporting engagement across both single stock volumes and equity markets as well as options. So, all of that together, we were expecting greater investor engagement here in [20]25. And confidence as well can help boost not just trading volumes but also margin lending and securities lending. And so, all of that can be helpful as we think about our forecast for our retail brokerage coverage group.Michelle Weaver: Mike, Ryan, thank you for taking the time to talk. And to our listeners, thanks for listening. If you enjoyed the podcast, please share it with a friend or colleague today.

A critical theme for 2025 and beyond rebuilding the US physical economy with the Infrastructure, Investment and Jobs Act, and other policy measures, there's a renewed focus on enhancing infrastructure, reshoring manufacturing and addressing the housing supply gap. These efforts are not just about construction and development. They're about revitalizing the US economy and creating sustainable economic growth. Joining Oscar is Jay Jacobs, US head of Thematic and Active ETFs at BlackRock. Jay will provide insights into the demographic trends influencing the housing market, the reshoring of manufacturing, and the bipartisan support for these developmentsSources: New York Governor. "Governor Hochul Announces $54 Million in State Funding to Support the Second Avenue Subway Project." 7/30/2024; Reuters. "JFK Airport's massive overhaul takes winding route through debt markets." 12/6/23; Department of Transportation. "Hudson River Tunnel Project between New York and New Jersey." July 2024; American Society of Civil Engineers. "ASCE'S Infrastructure Report Card Gives U.S. "C-" Grade, Says Investment Gap Trillion, Bold Action Needed. 3/3/2021; Report Card for America's Infrastructure. "Overview of Bridges." 2021; MRL Consulting. "Semiconductor in everyday life: products from leading companies you use daily." 7/31/24; Center for Strategic and International Studies, “Mapping the semiconductor supply chain: the critical role of the indo-pacific region,” 5/30/2023; Semiconductor Industry Association. "America Projected to Triple Semiconductor Manufacturing Capacity by 2032. The Largest Rate of Growth in the World." 5/8/24; Realtor.com, “U.S. housing supply gap grows in 2023; growth outpaces permits in fast-growing sunbelt metros,” 2/27/2024; Motley Fool Money. "Millennial Home-Buying and Homeownership Statistics." 9/10/24; CNN. “More than half of American renters who want to buy a home fear they'll never afford one." July 29, 2024; Merrill Lynch. "Will the "Great Wealth Transfer" transform the markets?" May 2024. This content is for informational purposes only and is not an offer or a solicitation. Reliance upon information in this material is at the sole discretion of the listener. Reference to the names of each company mentioned in this communication is merely for explaining the investment strategy and should not be construed as investment advice or investment recommendation of those companies. In the UK and Non-European Economic Area countries, this is authorised and regulated by the Financial Conduct Authority. In the European Economic Area, this is authorised and regulated by the Netherlands Authority for the Financial Markets. For full disclosures go to Blackrock.com/corporate/compliance/bid-disclosuresSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

On this episode of Paisa Vaisa, Anupam chats with Nitin Bhasin, Head of Institutional Equities at Ambit. They explore Ambit's journey, its partnership with Daiwa, and their flagship 'Good and Clean' product. Dive into groundbreaking thematic research, gain valuable insights into India's economic outlook, and uncover Nitin's top book recommendations. Don't miss this insightful conversation on finance and investment trends!Get in touch with our host Anupam Gupta on social media: Twitter: ( https://twitter.com/b50 ) Instagram: ( https://www.instagram.com/b_50/ ) LinkedIn: (https://www.linkedin.com/in/anupam9gupta/ You can listen to this show and other awesome shows on the IVM Podcasts website at https://www.ivmpodcasts.com/ You can watch the full video episodes of PaisaVaisapodcast on the YouTube channel. Do follow IVM Podcasts on social media. We are @ivmpodcasts on Facebook, Twitter, & InstagramSee omnystudio.com/listener for privacy information.

In the first of a special series, Morgan Stanley's U.S. Thematic and Equity Strategist Michelle Weaver discusses new frontiers in artificial intelligence with Keith Weiss, Head of U.S. Software Research.----- Transcript -----Michelle: Welcome to Thoughts on the Market I'm Michelle Weaver, Morgan Stanley's U.S. Thematic and Equity Strategist.Keith: And I'm Keith Weiss, Head of U.S. Software Research.Michelle: This episode is the first episode of a special series we're calling “Big Debates” – where we dig deeper into some of the many hot topics of conversation going on right now. Ideas that will shape global markets in 2025. First up in the series: Artificial Intelligence.It's Friday, January 10th at 10am in New York.When we look back at 2024, there were three major themes that Morgan Stanley Research followed. And AI and tech diffusion were among them. Throughout last year the market was largely focused on AI enablers – we're talking semiconductors, data centers, and power companies. The companies that are really building out the infrastructure of AI.Now though, as we're looking ahead, that story is starting to change.Keith, you cover enterprise software. Within your space, how will the AI story morph in 2025?Keith: I do think 2025 is going to be an exciting year for software [be]cause a lot of these fundamental capabilities that have come out from the training of these models, of putting a lot of compute into the Large Language Models, those capabilities are now being built into software functionality. And that software functionality has been in the market long enough that investors can expect to see more of it come into results. That the product is there for people to actually buy on a go forward basis.One of the avenues of that product that we're most excited about heading into 2025 is what we're calling agentic computing, where we're moving beyond chatbots to a more automated proactive type of interface into that software functionality that can handle more complex problems, handle it more accurately and really make use of that generative AI capability in a corporate or in an enterprise software setting as we head into 2025.Michelle: Could you give us an example of what agentic AI is and how might an end user interact with it?Keith: Sure. So, you and I have been interacting with chatbots a lot to gain access to this generative AI functionality. And if you think about the way you interact with that chatbot, right, you have a prompt, you have a question. You have to come up with the question. going to take that question and it's going to, try to contextually understand the nature of that question, and to the best of its ability it's going to give you back an answer.In agentic computing, what you're looking for is to add more agency into that chatbot; meaning that it can reason more over the overall question. It's not just one model that it's going to be using to compose the answer. And it's not just the composition of an answer where the functionality of that chatbot is going to end. There's actually an ability to execute what that answer is. So, it can handle more complex problems.And it could actually automate the execution of the answer to those problems.Michelle: It sounds like this tech is going to have a massive impact on the workplace. Have you estimated what this could do to productivity?Keith: Yeah, this is -- really aligns to the work that we did actually back in 2023, where we did our AI index, right. We came up with the conclusion that given the current capabilities of Large Language Models, 25 per cent of U.S. occupations are going to be impacted by these technologies. As the capabilities evolve, we think that could go as high as 45 per cent of U.S. labor touched by these productivity enhancing. Or, sort of, being replaced by these technologies. That equates to, at the high end, $4 trillion of labor that's being augmented or replaced on a go forward basis. The productivity gains still yet to be seen; how much of a productivity gain you could see on average. But the numbers are massive, right, in terms of the potential because it touches so much labor.Michelle: And finally on agentic, is the market missing anything and how does your view differ from the consensus?Keith: I think part of what the market is missing is that these agentic computing frameworks is not just one model, right? There's typically a reasoning engine of some sort that's organizing multiple models, multiple components of the system that enable you to -- one, handle more complex queries, more complex problems to be solved, lets you actually execute to the answer. So, there's execution capabilities that come along with that. And equally as important, put more error correction into the system as well. So, you could have agents that are actually ensuring you have a higher accuracy of the answer.It's the sugar that's going to make the medicine go down, if you will. It's going to make a lot easier to adopt in enterprise environments. I think that's why we're a little bit more optimistic about the pace of adoption and the adoption curves we could see with agentic computing despite the fact it's a relatively early-stage technology.Michelle: You just mentioned Large Language Models, or LLMs; and one barrier there has been training these models. It requires a ton of computing power, among other constraints. How are companies addressing this, and what's in the cards for next year?Keith: So, if you think about the demand for that compute in our mind comes from two fundamental sources. And as a software analyst, I break this down into research versus development, right? Research is investment that you make to find core fundamental capabilities.Development is when you take those capabilities and make the investment to create product out of it. Thus far, again, the primary focus has been on the training side of the equation.I think that part of the equation looks to be asymptotic to a certain extent. The – what people call the scaling laws, the amount of incremental capability that you're getting from putting more compute at the equation is starting to come down.What people are overlooking is the amount of improvement that you could see from the development side of the equation. So, whereas the demand for GPUs, the demand for data center for that pure training side of the equation might start to slow down a little bit, I think what we're going to see expand greatly is the demand for inference, the demand to utilize these models more fully to solve real business problems.In terms of where we're going to source this; there are constraints in terms of data center capacity. The companies that we cover, they've been thinking about these problems for the past decade, right? And they have these decade long planning cycles. They have good visibility in terms of being able to meet that demand in the immediate future. But these questions on how we are going to power these data centers is definitely top of mind for our companies, and they're looking for new sources of power and trying to get more creative there.The pace with which data centers can be built out is a fundamental constraint in terms of how quickly this demand can be realized. So those supply constraints I don't think are going to be a immediate limiter for any of our names when we're thinking about calendar [20]25. But definitely, part of the planning process and part of the longer-term forecasting for all of these companies in terms of where are they going to find all this fundamental resource – because whether it's training or inference, still a lot of GPUs are going to be needed. A lot of compute is going to be needed.Michelle: Recently we've been hearing about so called artificial general intelligence or AGI. What is it? And do you think we're going to see it in 2025?Keith: Yeah, so, AGI is the – it's basically the holy grail of all of these development efforts. Can we come up with models that can reason in the human world as well as we can, right? That can understand the inputs that we give it, understand the domains that we're trying to operate in as well or better than we can, so it can solve problems as effectively and as efficiently as we can.The easiest way to solve that systems integration problem of like, how can we get the software, how could we get the computers to interact with the world in the way that we do? Or get all the impact that we do is for it to replicate all those functionalities. For it to be able to reason over unstructured text the same way we do. To take visual stimuli the same way that we do. And then we don't have to take data and put into a format that's readable by the system anymore.2025 is probably too early to be thinking about AGI, to be honest. Most technologists think that there's more breakthroughs needed before the algorithms are going to be that good; before the models are going to be that good.There's very few people who think Large Language Models and the scaling of Large Language Models in themselves are going to get us to that AGI. You're probably talking 10 to 20 years before we truly see AGI emerge. So, 2025 is probably a little bit too early.Michelle: Well, great, Keith. Thank you for taking the time to talk and helping us kick off big debates. It looks like 2025 we'll see some major developments in AI.And to our listeners, thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen to the show and share the podcast with a friend or colleague today.

Ellen Zentner, Chief Economic Strategist and Global Head of Thematic and Macro Investing at Morgan Stanley’s Global Investment Office discusses jobs numbers, her market thoughts, and labor dynamics. She speaks with Bloomberg's Tom Keene and Paul Sweeney on Bloomberg Radio. See omnystudio.com/listener for privacy information.

This podcast episode explores the Book of Jubilees, a 2nd-century BCE retelling of Genesis and early Exodus, through the lens of Syriac Christianity. The episode highlights the Syriac language's importance as a bridge between Second Temple Jewish thought and early Christian interpretations, noting the preservation of Jewish traditions within Christian frameworks. Thematic overlaps between Jubilees and Syriac thought are examined, focusing on angelic mediation, Sabbath observance, and covenantal identity. Evidence of Jubilees' influence on Syriac Christianity is discussed, including manuscript fragments and thematic similarities with other Syriac texts like the Book of Enoch. Finally, the episode emphasizes the significance of understanding diverse early biblical interpretations and the impact of cultural and linguistic contexts on scriptural understanding. For more online courses : www.twinsbiblicalacademy.com

Joey Evans takes a look at the Top 10 Thematic Games of 2024

Morgan Stanley Research analysts see a strong start following Black Friday but question whether the short shopping season will hurt retailers.----- Transcript -----Michelle Weaver: Welcome to Thoughts on the Market. I'm Michelle Weaver, Morgan Stanley's U.S. Thematic and Equity Strategist.Simeon Gutman: I'm Simeon Gutman, U.S. Hardlines, Broadlines, and Food Retail analyst.Alex Straton: And I'm Alex Straton, North America Softlines, Retail, and Brands analyst.Michelle Weaver: Thanksgiving and Black Friday are behind us; and now that the holiday shopping season is in full swing, we have some interesting new data we wanted to dig into. We also recently concluded Morgan Stanley's Global Consumer and Retail Conference in New York, and we'll share some key takeaways from that.It's Friday, December 6th at 10am in New York.I was recently on the show to talk about our holiday shopping outlook and survey takeaways, and noted that overall, we're expecting stronger spending this holiday season relative to last year. Inflation's cooled, and U.S. consumers are more positive on spending this season versus the past two holiday seasons. Now that we've got Black Friday in the rearview mirror, Simeon, within your space, how's holiday season tracking so far?Simeon Gutman: Better. And the three key metrics – traffic, physical store sales, digital sales – all seem to be tracking better. The question is the magnitude and the length of ahead that the entire industry is – and what does that give us through the rest of the season? As we all know, the holiday season, shopping season is shorter; with the later fall of Thanksgiving, we're losing a weekend. The tone at our conference affirmed all of this, all the data points we heard were pretty upbeat. And it seems like the weather couldn't have broken at a better time, which is different from the October lead up to holiday.So, it seems like we're off to a pretty healthy start. I think there's some questions of what do we make up in the last three weeks in this final push. Some companies at our conference sounded good on that. Some were a little bit, call it cautiously optimistic about the rest of the season.Michelle Weaver: And what are you expecting for the rest of the holiday season?Simeon Gutman: In theory, and as we do our models what the good start typically portends a pretty good finish. There will be like a frenetic, frantic rush till the end. And because we lose that last weekend, you know, we might just lose some days. That's what history has told us. And those couple of days, it could end up being a couple of points or a couple hundred points of growth. That's understandable. I think the market knows that. And if that were to happen, as long as the underlying tone of business is healthy, I think it's pretty excusable because it's either made up in the subsequent months, and it'll especially be made up in the following year.Michelle Weaver: Great. And then Alex, in your space with Black Friday now behind us, were there any surprises?Alex Straton: The headline on Black Friday out of the apparel and footwear space was very positive. That's the message everyone should hear. I think I'll break down how we thought about – and what we observed – into two buckets. One being what we saw on demand, and the other being what we saw on promotional or discounting activity.Now, starting with demand, I think context is really important here, and we had a pretty lackluster September and October trend line in the space. To us, this was a function of adverse weather; it was much hotter than usual, really deterring apparel spending. We also had high hurricane activity, which deterred overall discretionary spending. And then also we had the election overhang upon consumers, which can, you know, deter spending as well.So as a result, we had fall apparel spending not necessarily as robust as many retailers would have liked. We've seen that in third quarter earnings reports. And we viewed Black Friday as, almost this very powerful potential catalyst for pent up demand. It was very weather dependent, though, and Simeon mentioned this briefly. We got a cold front across the country, and I think that created this important catalyst to kick off the holiday season. So, demand was strong. Just to put some numbers around it. Our line counts were up 30 per cent year-over-year. That's a data set that typically grows mid-single digits. So, speaks to, you know, outstanding demand. It doesn't capture conversion, so it's not perfect, but it gives you a sense for our confidence and how strong it was.The second piece that I wanted to cover is just promotions. And what we saw there was consistent activity year-over-year. That was a positive surprise for me. We were braced for discounting to be higher across the group because we exited both the second quarter and out of the early third quarter reporters with some excess inventory. So, we thought they might look to clear it.We had seen a recent uptick in promotional activity in October across the group. And then also, we're facing down a pretty competitive fourth quarter set up because of a number of the dynamics that Simeon mentioned. So, the fact that we didn't see retailers, kind of, push the panic button on discounting and promotions to drive that strong sales result, I think further underscores how strong it was; and also tells you retailers are willing to wait later for the consumer, similar to how they behaved last year.Michelle Weaver: In your outlook for holiday shopping this year, you cautioned about some potential headwinds. What were they and have they been playing out as you expected?Alex Straton: Yeah. So, since the start of the year, there's been a number of dynamics that we're going to weigh on the fourth quarter, no matter what. The first is that it's companies in my coverage most difficult year-over-year comparison quarter from both the sales and a profitability perspective. The second is that we have a compressed holiday shopping period, five fewer days, one less weekend; that's very impactful for these retailers. And the last thing is that most retailers are lapping an extra week last year. They have a 53rd week calendar dynamic that reverses out this week. So, think about it as one last less week of sales opportunity.And so, I could have sat here in January and told you all of that. What we've learned since is that these retailers are now also facing incremental freight headwinds in the back half. Some of which are just repercussions from the Red Sea dynamic. And then second, this inventory build that I mentioned that started to show up in the second quarter and some of these earlier third quarter reporters. So, all of those headwinds, I'm putting them on the table.I think the good news is that the market seems to now mostly appreciate those. There's not really high bars as we think about fourth quarter results expectations or even sentiment more broadly. So, while it is a very challenging set up, I feel like it's mostly appreciated.Michelle Weaver: Great. And final question for both of you. What are some of your key takeaways from the fireside chats you hosted at the conference that just closed?Simeon Gutman: A few thoughts. First on the tone of holiday, I'll reiterate again: companies that are most exposed to holiday, in my coverage – ones that have weather exposure, ones that have seasonal exposure, ones that have large Black Friday promotions and into Cyber Monday – sounded good. There was a sense of relief that we're making up sales, especially on cold weather categories, and there's momentum that's being carried into the rest of the year.Second, in our chats with some of the largest companies, a discussion around how starting from a retail point of view and leveraging into Omnichannel has actually been beneficial, because now as these companies gain scale and leverage, the economies of scale in Omnichannel are actually more beneficial for profits than they thought; and in some cases that's just getting started. So, an interesting dichotomy, or almost an irony for the way that these businesses were positioned about 10 to 15 years ago.Third inventories – building; companies acknowledge that, but generally feel good. That reflected underlying optimism on sales trends and buying good inventory they think the customer will respond to. And then lastly, on housing; acknowledgment that the backdrop and the rebuild will be slow and steady, but at the same time that the industry is bottoming.Alex Straton: Yeah, on my end, I would underscore what Simeon said on demand in the holiday. Clearly a strong start in terms of the weather finally turning around this big initial event with Black Friday.Secondly, on inventory we're asking our companies the same question is – how do they feel about this build that we're seeing? And they attributed to a little bit of a pull forward of receipts in advance of holiday. Some also pulling forward even further than normal to offset some of the freight expense, or they were worried about some degree of freight disruption that could have impacted the receipts. So they have explanations for why that's the case, but we're monitoring it nonetheless.And then lastly, the one magic dynamic we didn't mention yet is tariff, of course, and what the outlooks are there. I would say most companies in my space feel that they have a number of levers that they can pull to offset any potential incremental tariff next year. But the reality there is that apparel is a deflationary category. There's no pricing power. So I'll be really interested to see how this plays out next year.Michelle Weaver: Simeon and Alex, thank you for taking the time to talk. And to our listeners, thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen to the show and share the podcast with a friend or colleague today.