Podcasts about ubs

In this episode of Investor Perspectives on Retail & the Consumer, Chris Walton sits down with Furhaan Khan, Managing Director and Head of Internet & Digital Commerce Investment Banking at UBS, to explore one of the biggest questions facing retail and technology today: Who actually wins in an AI-driven future? As AI rapidly transforms how consumers discover, shop for, and purchase products online, thousands of retail technology companies are racing to establish their place in the ecosystem. But according to Furhaan, many won't survive. Drawing on years of experience advising leading technology, internet, and digital commerce businesses, he shares the five-part framework he uses to identify which companies are truly defensible and which are most vulnerable to disruption. From proprietary data and network effects to distribution, transactional control, and brand trust, Furhaan explains why AI is compressing the discovery layer of commerce and shifting value toward companies that own critical moments in the customer journey. He also breaks down what retail executives should prioritize as they evaluate technology investments in an increasingly AI-driven landscape. Key topics covered: • Why many retail technology companies may not survive the AI era • How AI is reshaping product discovery and the customer journey • The difference between point solutions and durable platforms • Why proprietary data is becoming retail's most valuable asset • The growing importance of distribution and customer access • What "transactional intensity" means and why it matters • How brand trust creates long-term competitive advantages • The five-part framework for evaluating retail technology investments • What retail leaders should prioritize when making technology bets #RetailTechnology #ArtificialIntelligence #RetailAI #DigitalCommerce #Ecommerce #RetailInnovation #InvestorPerspectives #RetailLeadership #CustomerExperience #OmniTalk #RetailPodcast #TechnologyStrategy *Sponsored Content*

Patrick Moorhead and Daniel Newman cover Daniel's acquisition of Enterprise Technology Research, IBM's historic $15 billion single-day commitment spanning quantum and open-source security, Anthropic's Claude Opus 4.8, and the heaviest single earnings night of the season featuring Dell, Marvell, Salesforce, Synopsys, Snowflake, HP, and Micron crossing $1 trillion in market cap. The handpicked topics for this week are: Anthropic Releases Claude Opus 4.8: Six Weeks After 4.7 Anthropic dropped Opus 4.8 just six weeks after 4.7, claiming it surpasses GPT-5.5 and Gemini 3.1 Pro on agentic coding, knowledge work, and computer use. Benchmark improvements across the board: agentic coding up from 64.3% to 69.2%, knowledge work from 1753 to 1890, agentic computer use from 82.8% to 83.4%. Three new features ship alongside it: Dynamic Workflows for multi-subagent orchestration inside Claude Code, Effort Control for managing token spend, and mid-task system messages via the API. Fast mode is now 2.5x faster and 3x cheaper. Pat's honest take: what it says on paper is good, particularly on tool triggering and citation precision, but he has lost significant trust in the company and is watching closely. (The Decode)   IBM Commits $10 Billion to Quantum: The Largest Single Quantum Bet in History IBM announced a $10 billion commitment over five years targeting a large-scale fault-tolerant quantum computer by 2029, landing the same day as the $5 billion Project Lightwell announcement for a single-day IBM strategic commitment of $15 billion. Pat has been calling 2029 to 2031 as the realistic commercial quantum window and calls this the strongest single corporate financial signal yet that the timeline is real. Daniel's framing: IBM wants to be the NVIDIA of quantum, and with a $10 billion commitment, it's sending a flare to the entire industry that pure-play quantum companies cannot compete at this balance sheet level. (The Decode)   IBM and Red Hat Launch Project Lightwell: $5B to Secure Open-Source Software IBM and Red Hat committed $5 billion and a global force of 20,000 engineers to secure open-source software for enterprises through frontier agentic AI, anchored by 11 of the largest US and Canadian banks including Bank of America, Goldman Sachs, JPMorgan Chase, Mastercard, and Visa. Pat's read: this is the productization answer to Anthropic Mythos. Mythos found the vulnerabilities. Lightwell is the industrial-scale patching and validation layer enterprises can actually buy on a subscription. Daniel adds that IBM is flexing its engineering talent base as a premium strategic asset, a direct counter to the narrative that AI replaces engineers. (The Decode)   Anthropic Project Glasswing: 23,000 Vulnerabilities Found Across 1,000 OSS Projects Anthropic's Claude Mythos scanned more than 1,000 widely deployed open-source projects and surfaced approximately 23,000 candidate vulnerabilities, with 1,094 confirmed as critical severity. The Cyber Verification Program now gates the strongest cyber-capable Claude variant behind vetted defenders only. While the tool creates real value, the surface of attack will likely grow as fast as any tool built to defend it. (The Decode)   Anthropic in Talks to Run Claude on Microsoft Maia 200 CNBC and The Information reported Microsoft is in active negotiations to supply Anthropic with its custom Maia 200 inference chip, which would make Anthropic the only frontier lab simultaneously running production workloads on four distinct silicon stacks: NVIDIA, AWS Trainium, Google TPU, and Microsoft Maia. Pat's context: Maia 200 delivers 30% better tokens per dollar than the latest Azure fleet per Satya Nadella, and this deal would be Maia's first major external deployment. Daniel's read: what can be built will be sold right now, and Anthropic chasing every available compute source is simply the structural reality of growing at 80x when you planned for 10x. (The Decode)   The Flip: Is AI CapEx Too Expensive to Earn Its Return? Pat takes the affirmative. With $725 billion in hyperscaler CapEx tracking for 2026, likely $1 trillion next year, memory has become the choke point making it even more expensive, and open-source models have closed enough of the quality gap for most enterprise tasks that the premium of frontier APIs is increasingly hard to justify. A recent Signal65 white paper shows on-prem payback at 18 months. Daniel's counter: Dell just booked $24 billion in AI orders in a single quarter. Agentforce crossed $1 billion ARR at 169% growth. NVIDIA guided to $91 billion. Only 20% of enterprises are using AI and only 2% of consumers. Both hosts admitted off the flip their notes looked nearly identical. (The Flip)   Micron Crosses $1 Trillion Market Cap Micron became the 12th US company ever to cross $1 trillion in market cap, surging 19% on May 26th as UBS raised its price target to $1,625, implying a $1.8 trillion market cap. Samsung's Q1 memory ASP jumped 146% year over year. DRAM spot prices spiked 55 to 60% quarter over quarter. Daniel has been pounding this call since sub-$100 and calls it a cycle elongated beyond anything seen in the 27 prior memory cycles, driven by HBM capacity reallocation away from consumer DRAM creating structural shortage. (Bulls and Bears)   Dell Technologies Q1 FY27: The Biggest Enterprise AI Infrastructure Print of 2026 Record $43.8 billion revenue, up 88% year over year, crushing the $35.7 billion consensus by $8 billion. AI-optimized servers at $16.1 billion, up 757% year over year. $24.4 billion in AI orders booked in a single quarter. FY27 AI server revenue guide raised from $50 billion to $60 billion. Non-GAAP EPS of $4.86 beat the $2.96 consensus by 64%. Stock up 18% after hours. Pat's framing: Dell was very clear about what they were going to do. Rack engineering, sales, and service. The basics. And they executed the basics at an extraordinary level while building a special relationship with NVIDIA who views Dell as a market maker for both enterprise and NeoCloud. Daniel's add: play nice and win. Michael Dell navigated the political landscape brilliantly and pulled the entire Dell brand along with him. (Bulls and Bears)   Marvell Technology Q1 FY27: Record Revenue, Data Center at 76% of Mix Record $2.418 billion revenue, up 28% year over year. Data center at $1.833 billion, up 27% year over year, now 76% of total revenue. Q2 guide of $2.7 billion at midpoint accelerates growth to 35% year over year. Operating cash flow a record $638.8 million. Daniel went on TV and said it's "written in the stars," arguing the market had misunderstood this one for too long by conflating its custom AI ASIC story with the full breadth of its connectivity and networking portfolio. Pat's closing: the shorts are eating it now and the custom AI ASIC versus merchant GPU debate is finally settling into the right answer, which is both in lockstep. (Bulls and Bears)   Salesforce Q1 FY27: Agentforce Crosses $1 Billion ARR Revenue $11.13 billion, up 13% year over year. Non-GAAP EPS of $3.88 crushed the $3.12 consensus by 24%. Agentforce ARR crossed $1 billion, up 169% year over year, with 28.6 trillion tokens processed, up 152% quarter over quarter. 50% of Agentforce bookings came from existing customers expanding. Daniel flagged the $25 billion accelerated buyback funded by new debt as an interesting signal worth watching. Pat's bottom line: it's not perfect, but certainly no "SaaSpocalypse" in those numbers. (Bulls and Bears)   Synopsys Q2 FY26: First Full Quarter With Ansys Integrated Revenue $2.276 billion, up 42% year over year, beating consensus. Non-GAAP EPS of $3.35 beat $3.15. FY26 guide raised to $9.665 billion midpoint. Daniel's framing: every chip runs through Synopsys tools, and the Ansys addition makes it the full-stack co-design platform Jensen Huang keeps talking about. Synopsys is not just the pick and shovel of current AI silicon. It is the pick and shovel of quantum, robotics, and space as well. (Bulls and Bears)   Snowflake Q1 FY27: Strongest Sequential Dollar Growth in Company History Product revenue $1.33 billion, up 34% year over year, the strongest sequential dollar growth in Snowflake history. Net revenue retention 126%. FY27 product revenue guide raised to $5.84 billion. Natoma acquisition announced for secure agentic enterprise connectivity. New $6 billion multi-year AWS commitment. Daniel's closing: proprietary unique data is the real moat of the agentic era, and that data has to live somewhere. It is going to go to platforms like Snowflake. (Bulls and Bears)   HP Inc. Q2 FY26: Eight Straight Quarters of Growth With AI PCs at 44% of Shipments Revenue $14.4 billion, up 9% year over year, the company marks its eighth consecutive quarter of top-line growth. Non-GAAP EPS of $0.86 beat the prior guide. Personal Systems at $10.2 billion, up 13%, with 30% operating profit growth. AI PCs jumped from 35% to 44% of shipments quarter over quarter, with HP guiding to 60 to 70% next fiscal year. FY26 EPS guide raised. Pat's note: they still need a permanent CEO, which would help investors sleep better at night. Daniel's add: the real explosive moment for device companies comes when AI moves to the edge and enterprises shift from expensive frontier model consumption to on-device inference. (Bulls and Bears)   Everpure Q1 FY27: Record Revenue, Rebrand Complete Record revenue of $1.1 billion, up 35% year over year. Product revenue $577 million, up 55%. Subscription ARR at $2 billion. FY27 guide raised to $4.41 to $4.51 billion. Pure Storage officially completed its rebrand to Everpure. Daniel's emerging thesis: the agentic era has focused enormous attention on memory and compute, but after the inference runs, the data has to sit somewhere. Storage has not seen its full inflection yet and Everpure is well positioned when that wave arrives. (Bulls and Bears)   The Decode Anthropic Releases Claude Opus 4.8 May 28  https://techcrunch.com/2026/05/28/anthropic-releases-opus-4-8-with-new-dynamic-workflow-tool/ IBM Commits $10B Over Five Years to Quantum Computing the Same Day as $5B Project Lightwell, Bringing IBM's One-Day AI https://www.barrons.com/articles/ibm-stock-quantum-computing-aafbb1eb IBM + Red Hat Announce Project Lightwell  https://newsroom.ibm.com/2026-05-28-ibm-and-red-hat-commit-5-billion-to-redefine-the-future-of-open-source-in-the-ai-era Anthropic Project Glasswing / Claude Mythos Finds 23,000 Potential Vulnerabilities Across 1,000+ Open-Source Projects https://www.securityweek.com/anthropic-mythos-detected-23000-potential-vulnerabilities-across-1000-oss-projects/ Anthropic Negotiating to Run Claude on Microsoft's Maia 200 AI Chips  https://www.cnbc.com/2026/05/21/anthropic-microsoft-maia-200-ai-chip.html OpenAI + Anthropic Walk Back the AI Jobs Apocalypse Ahead of IPOs https://finance.yahoo.com/sectors/technology/articles/ai-chiefs-walk-back-job-193605798.html https://x.com/RiskCentre/status/2059397756016611668 The Flip Is AI Capex Becoming Too Expensive to Earn Its Return — and Will the Result Be a Forced Shift to Open-Source and Smaller Use-Case-Specific Models, or a Continued $725B+ Hyperscaler Buildout That Vindicates the Capex on Productivity Gains? FOR:  The shift is to open-source + smaller use-case-specific models with better token economics, not away from AI https://x.com/danielnewmanUV/status/2059822712122400975 DeepSeek 75% permanent price cut + Anthropic Claude Code restriction reversal https://www.buildfastwithai.com/blogs/ai-news-today-may-26-2026 $190B Microsoft capex + $725B+ aggregate hyperscaler capex with no analog ROI yet  https://www.buildfastwithai.com/blogs/ai-news-today-may-26-2026   AGAINST:  Salesforce Agentforce ARR crossed $1B this quarter on 28.6T tokens processed  https://www.stocktitan.net/sec-filings/CRM/8-k-salesforce-inc-reports-material-event-3b8ead2852bb.html Lenovo +105% AI revenue, +84% Q4; Dell $43B AI backlog: the AI infrastructure flywheel is converting capex to revenue today https://investor.marvell.com/news-events/press-releases/detail/1023/marvell-technology-inc-reports-first-quarter-of-fiscal-year-2027-financial-results NVIDIA $91B Q2 guide + $1T Blackwell+Vera Rubin CY25-CY27 reaffirmed  https://www.cnbc.com/2026/05/20/were-raising-our-price-target-on-nvidia-after-another-knockout-quarter-and-guide-.html DeepSeek + Chinese price war is a Chinese export-controls story, not a US economic ceiling story https://www.cnbc.com/2026/05/21/anthropic-microsoft-maia-200-ai-chip.html   Bulls & Bears Micron (NASDAQ: MU) Crosses $1 TRILLION Market Cap for the First Time https://www.cnbc.com/2026/05/26/micron-stock-trillion-market-cap.html Dell Technologies Q1 FY27 ACTUALS  https://www.cnbc.com/2026/05/28/dell-q1-earnings-report-2027.html Marvell Technology Q1 FY27 ACTUALS https://investor.marvell.com/news-events/press-releases/detail/1023/marvell-technology-inc-reports-first-quarter-of-fiscal-year-2027-financial-results Salesforce CRM Q1 FY27 ACTUALS  https://investor.salesforce.com/financials/quarterly-results/ Synopsys SNPS Q2 FY26 ACTUALS https://investor.synopsys.com/events-and-presentations/events/event-details/2026/Q2-Fiscal-Year-2026-Earnings/default.aspx Snowflake SNOW Q1 FY27 ACTUALS  https://www.businesswire.com/news/home/20260527027931/en/Snowflake-Reports-Financial-Results-for-the-First-Quarter-of-Fiscal-2027 HP Inc. HPQ Q2 FY26 ACTUALS https://finance.yahoo.com/markets/stocks/articles/hp-q2-earnings-call-highlights-230459161.html Everpure (NYSE: P, formerly Pure Storage) Q1 FY27 ACTUALS  https://investor.salesforce.com/financials/quarterly-results/ Synopsys SNPS Q2 FY26 ACTUALS https://investor.synopsys.com/events-and-presentations/events/event-details/2026/Q2-Fiscal-Year-2026-Earnings/default.aspx Snowflake SNOW Q1 FY27 ACTUALS  https://www.businesswire.com/news/home/20260527027931/en/Snowflake-Reports-Financial-Results-for-the-First-Quarter-of-Fiscal-2027 HP Inc. HPQ Q2 FY26 ACTUALS  https://finance.yahoo.com/markets/stocks/articles/hp-q2-earnings-call-highlights-230459161.html Everpure (NYSE: P, formerly Pure Storage) Q1 FY27 ACTUALS https://www.prnewswire.com/news-releases/everpure-announces-first-quarter-fiscal-2027-financial-results-302783502.html

The report, which surveyed more than 300 clients of UBS in some 30 markets, found that family offices are prioritising resilience, diversification and long-term thematic opportunities in uncertain times.See omnystudio.com/listener for privacy information.

Oil Drops – Still highest cost for Memorial Day in years Consumer Sentiment Drops again New Fertilizer coming – Kinda Soilent Green vibe Everyone is talking about SpaceX PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - Oil Drops - Still highest cost for Memorial Day in years - Consumer Sentiment Drops again - New Fertilizer coming - Kinda Soilent Green Concept - Everyone is talking about SpaceX Markets - Nothing Really Matters - Anyone can see - New HIGHS - Governments picking the winners again - CHIPS ! - Concentration NVDA - Over the weekend, Jensen Huang said that his forecast of a $200 billion market for CPUs includes China, signalling Nvidia still sees significant long-term demand in the market amid ongoing U.S.-China technology tensions. - During an earnings call on Wednesday, Huang said Nvidia's new "Vera" central processors give it access to a new $200 billion market. - So, once again the PR machine is running overtime to make sure there is no reason for anyone to sell the stock - needed to make this clarification over the weekend - Nvidia has received licenses from the U.S. government to sell its H200 chips but has not received approval from Chinese officials who are fostering China's own chip suppliers. Consumers - Consumer sentiment has tumbled to a fresh record low in May as fears of higher prices grow due to the U.S.-Iran war and elevated oil prices, the University of Michigan's Surveys of Consumers said Friday. - The index of consumer sentiment fell to 44.8 from a preliminary reading of 48.2. It's also well below the 49.8 level seen at the end of April. Consumers Upset South Korea - Record after record... - This is an impressive chart - Two companies -Samsung and SK Hynix -----40% of the entire KOSPI index's total market capitalization. Kospi Index Who Believes this Crap? - U.S. forces have conducted “self defense” strikes in southern Iran early Tuesday, with U.S. Central Command saying that this was to “protect our troops from threats posed by Iranian forces.“ - “U.S. Central Command continues to defend our forces while using restraint during the ongoing ceasefire,” Hawkins added. - Meanwhile there was some talk over the weekend that --- 1) We are very close to a deal and it will happen soon ----2) We are in no rush for a deal ----3) How many times is this same line going to be used to try to push the price of oil down (it did move towards $90 after the weekend resumption of futures trading) - Neither side can agree on anything... Secretary of State Marco Rubio said on Friday that the United States has seen some progress towards a deal but that more work was required, while Iran's foreign ministry said the differences remained deep and significant. - Tiresome CEO of Ford - Did you know -??? - The CEO of Ford (Jim Farley) is cousin to Chris Farley Farley and Farley Crops - Farmers worldwide are under pressure due to the Iran war disrupting supplies of conventional nitrogen fertilizers, forcing them to improvise ahead of the fall planting season. - Some farmers are turning to age-old solutions like manure, while others are experimenting with newer technologies, including waste-based inputs and microbial products. -----Circular bio-economy The crisis is giving fresh momentum to products that have long struggled to gain widespread adoption, with demand for biofertilizers and biostimulants rising and companies seeing rising interest and increased sales. - Municipal wastewater and treated human urine, which contain high levels of nutrients that can be processed. ---- So, if your corn is a little extra yellow this summer - now you know... Government's Hand - Quantum computing shares popped last Thursday, as the U.S. government said it would award $2 billion in grants to nine firms operating in the space. - IBM is the biggest beneficiary of the package, with the U.S. Commerce Department agreeing to give the firm $1 billion. - Chipmaker GlobalFoundries is receiving $375 million, while other grant recipients D-Wave Quantum, Rigetti Computing and Infleqtion will be awarded $100 million. - Shares of D-Wave added 33%, Rigetti soared 30% and Infleqtion skyrocketed about 31%. - Funding will come from the 2022 Chips and Science Act. More Money Throwing - Nvidia Corp. bought $500 million worth of rights for shares in Corning Inc. as part of a partnership to expand artificial intelligence infrastructure. - Corning pledged to increase US fiber production capacity by more than 50% to supply more optical fiber for AI data centers. - The partnership includes Corning's plan to construct three new complexes in North Carolina and Texas, which is estimated to create more than 3,000 new US jobs. DEBT - Global debt hits new record, IIF (institute for International Finance) report shows - Global debt rose for a fifth consecutive quarter in Q1 2026, increasing by more than $4.4 trillion to a record high of over $350 trillion, with the increase concentrated largely in the United States and China. - Investors shows signs of shift away from Treasuries - Global debt-to-GDP ratio stable around 305% - NOTHING TO SEE HERE Global Debt More Charts AI Reality? - Starbucks retires AI tool nine months after North American deployment - Tool was part of CEO Brian Niccol's campaign to fix product shortages - AI tool miscounted items, leading to errors, Reuters has reported Starbucks cites need for consistency, supply chain improvements in ending program More AI - Elon Musk's Grok is seeing minimal adoption in US government - even though it's cheap- - Grok lags far behind OpenAI and other rivals that analysts call more capable - Data shows uptake by corporations is also weak, suggesting Grok's problems stretch beyond government - Is it possible that corps don't trust Musk after the way he heavy handled the DOGE process? - Is this going to impact SpaceX growth story? Employment and Ai - The co-founder of AI company Anthropic said on Monday that the development of artificial intelligence cannot be left solely to technology companies, urging greater oversight from religious leaders, governments and civil society. - Speaking at the presentation of Pope Leo's first encyclical, addressing the challenges posed by artificial intelligence, Chris Olah said there was "a real possibility" that AI will displace human labour "at very large scale". Scared - China is restricting overseas travel for top AI professionals in private firms, requiring them to get approval from relevant authorities before embarking on overseas travel. - The government is targeting talent within the AI sphere, including startup founders, researchers, and executives, and adding individuals to the list based on assessments of their critical importance to the country. - The restrictions risk undermining the ability of AI firms in China to recruit and retain talent, and may force engineers with global ambitions to choose between staying home or going abroad earlier in their careers. CHIPS - Micron topped a $1 trillion market value for the first time on Tuesday as shares popped 18%, driven by insatiable artificial intelligence demand for its memory chips. - The stock surge came as UBS tripled its price target on the stock from $535 to $1,625 a share, citing long-term agreement opportunities with partially fixed pricing. - “We believe the market will start to put a more ‘normal' multiple on the stock and MU will continue to re-rate higher as more details emerge about the structural changes AI has driven to the entire memory complex,” the firm wrote. SpaceX - Lots of interest on this... - Lots of clients calling on this and we are working on this for them - Here is a bit of a reality check... --- First - company still losing billions of dollars - some may look past that - - Weird inclusion period for indices and that may take stock up due to required buying ahead of the inclusion (keeping a floor on prices in the beginning) ---- SpaceX plans to allow a large portion of its shares to become eligible for resale before the usual six-month restriction period post-IPO, under a staged system conditioned to the company's performance, a company filing shows. - The approach, designed to avoid a large wave of shares hitting the market at once, would depart from the standard 180-day lock-up that has prevailed in the U.S. Most companies going public restrict early investors from selling shares to help stabilize the stock. - Valuation somewhere between $1.5T and $2T (a year ago it was like $400 million) - Valuation in December was $750 M - Rationale for the big valuation: SpaceX is leveraging its satellite network to build massive, space-based AI data centers, which take advantage of limitless solar energy and off-planet cooling Retail  - Ross Stores Inc. raised its sales and profit guidance after first-quarter results surpassed consensus estimates, aided by strong customer traffic among younger shoppers. - The company reported sales of $6.01 billion and earnings of $2.02 per share, with same-store sales growing 17% in the period, a record for Ross. - Ross now expects full-year same-store sales to grow 6% to 7%, and earnings of $7.50 to $7.74 per share, with executives citing increased customer traffic as a key driver of profit. Meanwhile - Walmart issued a worse-than-expected financial outlook amid soaring gas prices. - Finance chief John David Rainey said high tax returns may have muted some of the impact high gas prices had on shoppers in the first quarter, indicating consumer pressures could rise in the current quarter - The big-box retailer issued fiscal first-quarter results that beat Wall Street's expectations on the top line but were only in line on the bottom. - The retailer said it's expecting adjusted earnings per share to be between $2.75 and $2.85, lower than expectations of $2.91, according to LSEG. - Walmart said it anticipates net sales will rise between 3.5% and 4.5% for the year. Ferrari - Electric - Ferrari (RACE) is trading lower today after the company unveiled its first fully electric vehicle, the Ferrari Luce, marking a major strategic shift away from its traditional combustion-engine supercar identity. - The Luce is a four-door, five-seat ultra-luxury EV developed with former Apple (AAPL) design chief Jony Ive, featuring a quad-motor setup producing over 1,000 horsepower, a 0--60 mph time of roughly 2.5 seconds, and a price tag around $640,000. - Despite these headline-grabbing performance specs, investors reacted negatively because the design is seen as a sharp break from RACE's iconic styling, with many critics arguing it looks closer to a mass-market EV than a traditional Ferrari. Saying goodbye - One of America's once-dominant beer brands is being discontinued after more than 175 years. - Schlitz Premium, a beer brand that traces its roots to Milwaukee in the 1840s and was once among the largest breweries in the country, is being put "on hiatus," parent company Pabst Brewing Co. confirmed Friday after Wisconsin Brewing Company announced it would brew the brand's final batch later this month. - "Unfortunately, we have seen continued increases in our costs to store and ship certain products and have had to make the tough choice to place Schlitz Premium on hiatus," Zac Nadile, Pabst head of brand strategy, said in a statement to Milwaukee Magazine. Love the Show? Then how about a Donation? Announcing the THE CLOSEST TO THE PIN for SALESFORCE (CRM)   Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!     FED AND CRYPTO LIMERICKS   See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

This week on Market Mondays, we're breaking down the biggest stories shaping the markets right now

Carl Quintanilla, Jim Cramer and David Faber explored what to make of the S&P 500 hitting a fresh record high, helped by hopes for a peace deal between the U.S. and Iran. The AI trade also fueling gains on Wall Street: Micron shares soared and lifted the chip sector after UBS more than tripled its price target on the stock to $1,625. The anchors discussed other stories on the AI front: Pope Leo XIV's AI warning, an Anthropic co-founder on guiding AI, OpenAl CEO Sam Altman refutes the idea of a "jobs apocalypse" due to AI. Also in focus: The stocks rocketing higher in reaction to SpaceX's planned IPO, Lilly buys three vaccine makers, Dropbox CEO to step down, BP ousts its chairman, Cramer's calls on the 30-year yield and retail, Ferrari's new EV.   Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber explored what to make of the S&P 500 hitting a fresh record high, helped by hopes for a peace deal between the U.S. and Iran. The AI trade also fueling gains on Wall Street: Micron shares soared and lifted the chip sector after UBS more than tripled its price target on the stock to $1,625. The anchors discussed other stories on the AI front: Pope Leo XIV's AI warning, an Anthropic co-founder on guiding AI, OpenAl CEO Sam Altman refutes the idea of a "jobs apocalypse" due to AI. Also in focus: The stocks rocketing higher in reaction to SpaceX's planned IPO, Lilly buys three vaccine makers, Dropbox CEO to step down, BP ousts its chairman, Cramer's calls on the 30-year yield and retail, Ferrari's new EV.   Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Marianna Mamou and Antoinette Zuidweg of UBS discuss the challenges and opportunities presented by the fast-changing face of entrepreneurship. In the US, women now own more than 40 per cent of businesses – but is funding keeping pace?See omnystudio.com/listener for privacy information.

On May 19, 2026, 914INC. proudly celebrated its 16th annual Wunderkinds Awards with a special cocktail reception at the Mamaroneck Beach & Yacht Club. This year's event honored 26 exceptional professionals under the age of 35 who were handpicked by the magazine's editors for their standout talent, innovative thinking, and meaningful contributions to the Westchester community. Featured in the May/June 2026 issue, these rising stars represent the future of the region's business landscape. A warm congratulations goes out to all of this year's honorees, along with a sincere thank you to the event sponsors who helped make this memorable celebration possible.Westchester Talk Radio host Joan Franzino Derick Ansah, Assistant Vice President and Wealth Advisor at Tompkins Financial Advisors, a sister company to Tompkins Bank. With over a decade of experience in private wealth planning, including a background working with Morgan Stanley and UBS, Derick focuses heavily on financial, investment, and trust and estate planning. He emphasizes the upcoming great wealth transfer and his desire to help families navigate legacy planning in the Westchester market.

Ações incluem ampliação de hospitais, entrega de UBS e fortalecimento da Tabela SUS Paulista em municípios da região

There's one number that should end the price-on-request debate forever: artworks with visible prices sell 2-6 times more often than the same works with hidden prices. The data is in. The artists are still hiding the prices. This episode runs the gallery test on your website. A real gallery prices the work, frames it, lights it, and puts a checkout at the desk. Christie's, Sotheby's, Gagosian, 1stDibs — every serious art business does this online too. Almost no working artist does. Today we close that gap. In this episode: The gallery test — the one rule every digital decision should pass The 5 things almost every artist website gets wrong "Oooooh so mysterious" — why "contact for pricing" is the gallery with the lights off The shop is the signal: how a real storefront tells visitors they're welcome to buy Why the biggest art sellers on earth all do this — and the artists somehow don't The generational gut-punch: collectors under 40 don't tolerate hidden prices Mix the feed the way you'd mix an opening — killing the "art-only Instagram" sacred cow Why a gallery with the lights off on Wednesday loses every Wednesday walk-in The data referenced (with sources): Artsy, Dec 2019 — works with visible prices are 2-6x more likely to sell than identical hidden-price works Hiscox Online Art Trade Report 2018 — 90% of new art buyers say price transparency is a key consideration (n=831 international buyers) Art Basel and UBS 2020 Mid-Year Survey — 81% of high-net-worth collectors say it is "important or essential" to have a price posted online Artsy Art Market Trends 2025 — 69% of collectors hesitate to buy because of lack of transparency; 43% name "lack of visible price" as a top barrier; only 5% call the art market completely transparent Hiscox Online Art Trade Report 2020 — 96% of online art platforms agree price transparency is "key to building trust" (n=62 platforms) Art Basel and UBS Survey of Global Collecting 2024 — 71% of collectors under 37 bought art online in the last year Robert Read, Head of Fine Art at Hiscox (Oct 2022) — "Buyers would like more clarity around pricing" Resources mentioned: Art Storefronts — the website and storefront engine built for working artists Walk into a real gallery this weekend. Then load your website. Stand them side by side. If your site doesn't make a stranger feel welcome to buy, you have work to do. The basics in this episode are the same basics in 2055. Stay Up To Date With The Latest https://linktr.ee/artmarketingpodcast

The bullish momentum recently seen in the Chinese market is likely to continue thanks to the structural opportunities provided by the country's rapid adoption of emerging technologies and ongoing economic recovery, said experts.专家表示，中国市场近期的看涨势头有望延续，这得益于中国快速采用新兴技术所带来的结构性机遇以及持续性经济复苏。Their comments were made on Monday after the benchmark Shanghai Composite Index climbed to an 11-year high of 4225.02 points. The Shenzhen Component Index jumped 2.16 percent and the tech-heavy ChiNext in Shenzhen surged 3.5 percent. Combined trading value on the Shanghai, Shenzhen and Beijing bourses topped 3.56 trillion yuan ($520 billion), up nearly 16 percent from the previous trading day.上述评论发表于5月11日。当日，上证综指攀升至4225.02点，创下11年来新高；深证成指上涨2.16%，以科技股为主的创业板指数大涨3.5%。沪、深、京三地交易所合计成交额突破3.56万亿元人民币（约合5200亿美元），较前一交易日放量近16%。A-share listed semiconductor firms fueled the Monday rally, reporting an average daily price gain of 5.01 percent.5月11日的涨势主要由A股半导体上市公司拉动，相关个股当日平均涨幅达5.01%。Fang Jian, manager of the integrated circuit hybrid fund at Yinhua Fund, said the strong performance of Chinese tech companies may have just begun in earnest. The artificial intelligence surge and semiconductor localization will generate enormous investment opportunities in 2026 as chipmakers will see "a big year of orders".银华基金集成电路混合型基金经理方建认为，中国科技股的强势表现或许才刚刚真正启动，人工智能浪潮与半导体国产化将在2026年催生巨大投资机遇，芯片制造商将迎来“订单大年”。On Friday, China's top internet, economic and industry regulators jointly issued a guideline to regulate the application and innovative development of AI agents.5月8日，国家互联网、经济和行业主管部门联合发布指导意见，规范人工智能智能体的应用与创新发展。While foundational models remain the key investment thesis at the current stage, investors are recommended to keep a close eye on power suppliers, companies with deeper and earlier AI adoption, as well as AI enablers that benefit from China's semiconductor localization trend, experts from Morgan Stanley wrote in a report released on Sunday.摩根士丹利专家在周日发布的报告中指出，尽管基础模型仍是当前阶段的核心投资主题，但建议投资者重点关注电力供应商、较早且深入切入AI领域的公司，以及受益于中国半导体国产化趋势的人工智能赋能企业。The development and application of new thematic indices, analysis tools driven by AI innovation and the completion of financial market infrastructure have fueled the Chinese capital market with robust momentum, said David Day, managing director of the London Stock Exchange Group for Asia-Pacific.伦敦证券交易所集团亚太区董事总经理戴介明表示，新型主题指数的开发与应用、AI创新驱动的分析工具以及金融市场基础设施的不断完善，为中国资本市场注入了强劲动力。China's strong economic numbers over the past few months -including exports and industrial production — have provided more confidence to international investors, Thomas Fang, head of China Global Markets at UBS, said during a news briefing on Monday, adding that China is likely to reenter an inflationary cycle in the third quarter.瑞银集团中国全球市场主管房东明5月11日在新闻吹风会上表示，过去几个月中国强劲的经济数据（包括出口和工业增加值）进一步提振了国际投资者的信心。他还预计，中国可能在第三季度重新进入通胀周期。Meng Lei, China equity strategist at UBS Securities, upgraded his forecast for A-share companies' profitability growth rate this year to 11 percent, up from 8 percent at the end of last year. This will serve as one major driver for an A-share bull run throughout 2026, Meng said.瑞银证券中国股票策略师孟磊将其对今年A股公司盈利增长率的预测从去年年底的8%上调至11%。他表示，这将成为2026年A股走牛的主要驱动力之一。Continued capital inflows into the A-share market will be another engine, which will be comprised of household savings directed into wealth management products, recovery in the issuance of mutual fund products, thematic exchange traded funds and high net wealth individuals investing more in private equities or quantitative funds, he added.他补充说，持续的资本流入是A股的另一大引擎。这些资金包括：居民储蓄转向理财产品，公募基金发行回暖，主题ETF（交易型开放式指数基金）扩容，以及高净值个人加大对私募股权或量化基金的投资。Market sentiment was also buoyed on Monday as the Foreign Ministry announced that United States President Donald Trump will pay a three-day state visit to China from Wednesday.5月11日，市场情绪也得到了提振。中国外交部宣布，美国总统唐纳德·特朗普将从5月13日开始对中国进行为期三天的国事访问。The visit, which will take place as scheduled, will directly improve the risk appetite in the A-share market, said Chen Guo, chief strategist of Eastmoney Securities.东方财富证券首席策略师陈果表示，此次访问将如期进行，并将直接改善A股市场的风险偏好。Overall market confidence will be strengthened. Export companies may benefit in anticipation of a marginal easing in tariff tensions. In the event of phased procurement or investment arrangements, a potential sentiment-driven recovery may be seen in companies specializing in cyclical products, power equipment and machinery, Chen said.陈果认为，整体市场信心将进一步增强。出口企业有望受益于关税紧张局势的边际缓和预期。若出现阶段性采购或投资安排，那些主营周期性产品、电力设备和机械的公司或将迎来情绪驱动的反弹。fueled /ˈfjuːəld/推动，助推news briefing /njuːz ˈbriːfɪŋ/新闻吹风会private equities /ˈpraɪvət ˈekwətiz/私募股权mutual fund /ˈmjuːtʃuəl fʌnd/公募基金buoyed /bɔɪd/提振，推高

The run-up in tech has Dan Niles remembering like it's 1999, but he says the rally “has at least one more great year.” Microsoft's Satya Nadella takes the stand in the Musk vs. Altman trial. Plus, the under-the-radar chip company UBS says is “the fastest grower” in the space.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

UBS is counting down to July’s US semiquincentennial with a series of reports exploring 250 years of uniquely American innovation. This week, UBS’s Kevin Dennean discusses the rise and impact of the smartphone.See omnystudio.com/listener for privacy information.

This week Nick talks to Alistair SmallwoodAlistair Smallwood is the Head of Applied AI at Primer AI, where he focuses on building practical artificial intelligence tools for investment workflows. He began his career as a research analyst at Whitman Howard shortly after the Brexit vote, before moving into equity sales roles and later joining UBS as a pan-European small- and mid-cap specialist salesperson. He subsequently transitioned to the buy side with Lynott Partners, a technology-focused hedge fund, where he combined his financial expertise with self-taught coding skills to explore data-driven investing.The discussion centres on how Primer AI is transforming equity research through AI-driven agents that replicate and augment the workflow of human analysts. While AI can commoditize access to information, the true edge in investing lies in workflow, judgment, and behavioural insight—areas where human expertise remains critical. Primer AI is designed not just to retrieve accurate financial data, but to guide analysts through modular research processes, from understanding company fundamentals to building and interpreting financial models. The platform emphasizes auditability, context retention, and continuous learning, enabling users to encode their own analytical frameworks and improve efficiency over time. The conversation also explores broader implications for financial markets, suggesting that AI may compress short-term alpha opportunities while increasing the importance of long-term thinking and differentiated judgment. Alistair Book Choice's Endurance by Alfred LansingNo Spin: My Autobiography by Shane WarneAlistair Music Choice's Dark Side of the Moon by Pink FloydMoney for Nothing by Dire Straits from Brothers in Arms The Thinking Game - Documentary about DeepMind and Demis HassabisThis content is issued by Zeus Capital Limited (“Zeus”) (Incorporated in England & Wales No. 4417845), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority (“FCA”) for designated investment business, (Reg No. 224621) and is a member firm of the London Stock Exchange. This content is for information purposes only and neither the information contained, nor the opinions expressed within, constitute or are to be construed as an offer or a solicitation of an offer to buy or sell the securities or other instruments mentioned in it. Zeus shall not be liable for any direct or indirect damages, including lost profits arising in any way from the information contained in this material. This material is for the use of intended recipients only.

Damon West had it all, he was a Division I starting quarterback at North Texas, Wall Street stockbroker at UBS, a Congressional staffer who once worked for a presidential campaign. Then one hit of crystal meth in a UBS parking garage destroyed everything. Eighteen months later he was homeless, leading a burglary crew, dubbed "The Uptown Burglar" by Dallas police. A jury deliberated for 10 minutes before sentencing him to 65 years in a Texas maximum-security prison.This is the story of how he got out and how a Muslim career criminal named Muhammad in a Dallas County jail cell handed him the message that became a Wall Street Journal bestseller: "Be a coffee bean."In this episode, Damon West sits down with Chad Robichaux to walk through the entire journey: the moment meth hooked him on the first hit, the SWAT raid that "rescued" him, the brutal first two months on Building 7 with 432 lifers, the parole interview that turned on a single word, and the email he received from a victim, the fiancée of a Marine killed in Iraq, whose forgiveness set him free.If you've ever wondered whether rock bottom can become a foundation, this one is for you.GET DAMON'S BOOKS: https://damonwest.org/shop/- The Coffee Bean (with John Gordon) - Wall Street Journal bestseller, translated into 30+ languages: - Six Times in a Nickel - Damon's full memoir + life principlesSigned copies available to Patreon members, join now to enter the giveaway: https://patreon.com/TheResilientShowCONNECT WITH DAMON WESTWebsite: https://damonwest.orgGET CHAD'S NEW BOOKRiptide (Silent Horizon Series, Book 2) - pre-order now, releasing May 12: https://www.tyndale.com/p/riptide/9781496488756——Stay up-to-date with all things Resilient by subscribing to our Resilient Times Newsletter: https://resilienttimes.substack.comRESILIENT:Follow Us On Patreon: ⁠https://patreon.com/theresilientshowFollow Us On Instagram: ⁠https://www.instagram.com/resilientshowFollow Us On Twitter:⁠ ⁠https://twitter.com/resilientshowFollow Us On TikTok:⁠ ⁠https://www.tiktok.com/@resilientshowLIVE RESILIENT STORE:https://shop.theresilientshow.comFollow Chad: ⁠⁠https://www.instagram.com/chadrobo_officialhttps://x.com/ChadRoboSPONSORS:GoldCo: https://chadlikesgold.comSmith & Wesson: ⁠⁠https://www.smith-wesson.com⁠⁠Vortex Optics: ⁠https://vortexoptics.com⁠Gatorz Eyewear: ⁠⁠https://www.gatorz.com⁠⁠Allied Wealth: ⁠https://alliedwealth.com⁠BioPro+: ⁠⁠https://www.bioproteintech.com/CHAD30⁠⁠BioXCellerator: ⁠https://www.bioxcellerator.com⁠SLNT: https://slnt.com------The Resilient Show is a proud supporter of military and first responder communities in partnership with ⁠Mighty Oaks Foundation⁠.

Markets push through a busy earnings slate as investors weigh strong results and rising expectations. Dan Skelly, Managing Director at Morgan Stanley Wealth Management, explains why the bar for earnings beats remains high and what it means for stocks from here. Instant analysis and reaction to Palantir earnings with Gil Luria of D.A. Davidson. Dennis Geiger of UBS looks ahead to McDonald's earnings and explains why he sees an attractive risk reward setup. Our Angelica Peebles reports on the next phase of the weight loss drug story as pills from Eli Lilly and Novo Nordisk begin to reshape the GLP-1 market and expand demand. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

As the next generation inherits wealth in an unprecedented transfer, how will their perspectives and preparations reshape markets, institutions and social priorities? UBS head of global next-generation solutions, Anastasia Deryagina, explains.See omnystudio.com/listener for privacy information.

UBS IT Hardware Analyst David Vogt talks with Rocket Drew about Apple's iPhone rebound in China and the upcoming CEO transition to John Ternus. We also talk with UBS' Gary Marcus about his takeaways from the first week of the Musk v. Altman trial and the dangers of autonomous AI agents, and we get into Shopify's move to obtain nationwide money transmitter licenses with Senior Editor Meredith Mazzilli.Articles discussed on this episode: https://www.theinformation.com/articles/shopify-seeks-licenses-push-deeper-fintechSubscribe: YouTube: https://www.youtube.com/@theinformation The Information: https://www.theinformation.com/subscribe_hSign up for the AI Agenda newsletter: https://www.theinformation.com/features/ai-agendaTITV airs weekdays on YouTube, X and LinkedIn at 10AM PT / 1PM ET. Or check us out wherever you get your podcasts.Follow us:X: https://x.com/theinformationIG: https://www.instagram.com/theinformation/TikTok: https://www.tiktok.com/@titv.theinformationLinkedIn: https://www.linkedin.com/company/theinformation/

En el episodio de hoy de VG Daily, Andre Dos Santos y Juan Manuel de los Reyes analizan una temporada de resultados que acumula una tasa de superación de expectativas amplia en el S&P 500, en una jornada donde tres eventos simultáneos concentran toda la atención del mercado.El episodio revisa el triple catalizador del día, el voto de confirmación de Kevin Warsh como presidente de la Fed, la última reunión de Jerome Powell al frente del banco central y los resultados de cuatro de las Magníficas después del cierre. Se discute qué está descontando el mercado sobre el estado del consumidor financiero, el gasto en infraestructura tecnológica y el rumbo de la política monetaria en la segunda mitad del año.Visa reportó su crecimiento de ingresos más fuerte desde 2022 con volúmenes de pagos en aceleración y un programa de recompras histórico; UBS registró su cuarto trimestre consecutivo de operating leverage positivo con utilidades que duplicaron el consenso; Robinhood publicó un miss frente a estimaciones pese a depósitos netos y suscriptores Gold en récord; SoFi completó su décimo trimestre consecutivo de rentabilidad GAAP con márgenes de interés neto por encima de la banca regional; Seagate presentó resultados en un ciclo favorable para el almacenamiento de datos.

Two of Europe's key lenders enjoy stellar quarterly results on the back of market volatility. Deutsche Bank hikes revenue guidance after record profits while UBS notches a profit increase of 80 per cent to $3bn. CEO Sergio Ermotti said the Iranian conflict has not materially shifted client flows. The UAE shocks energy markets by announcing it is quitting Opec to free itself to ramp up production. However, energy minister Suhail Al Mazrouei tells CNBC that the country is committed to maintaining balanced oil markets.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Bedeutung der EU-Regel zu Arbeitslosengeldern für die Schweiz, UBS erzielt Quartalsgewinn von über drei Milliarden Dollar, deutsche Regierung beschliesst Gesundheitsreform, Film «Primavera – Vivaldi und ich» von Regisseur Damiano Michieletto

Finanzministerin Karin Keller-Sutter bezeichnet das Lobbying der UBS beim Thema Bankenregulierung als «nicht so schweizerisch». Mit ihrer Kritik bringt die Bundesrätin ein Thema auf den Tisch, das normalerweise nicht gross in der Öffentlichkeit ist: Das Lobbying. «Das Lobbying von Unternehmen bleibt oft verborgen», sagt Politologe Oliver Huwyler. Die karen Aussagen von Keller-Sutter bezeichnet er als «aussergewöhnlich». News Plus fragt beim Politologen und bei der Organisation Transparency International Schweiz nach, was genau Unternehmen tun, um ihre Interessen in der Politik durchzusetzen. Und wie weit sie dabei gehen dürfen. ___________________ Habt Ihr Fragen oder Themen-Inputs? Schreibt uns gerne per Mail an newsplus@srf.ch oder sendet uns eine Sprachnachricht an 076 320 10 37. ____________________ Links: - Karin Keller-Sutter in der Samstagsrundschau: https://www.srf.ch/audio/samstagsrundschau/koennte-die-schweiz-auf-die-ubs-verzichten-karin-keller-sutter?id=AUDI20260425_NR_0011 - «Lobbyland»: https://www.srf.ch/audio/einfach-politik/folge-1-srf-podcastserie-lobbyland?id=8c5cc169-38db-486a-a911-7c95da912ca9 - «News Plus Hintergründe» zu Blatten: https://www.srf.ch/audio/news-plus-hintergruende ____________________ In dieser Episode zu hören: - Oliver Huwyler, Schweizer Politologe an der Universität Kopenhagen - Urs Thalmann, Geschäftsführer von Transparency International Schweiz ____________________ Team - Moderation: Dominik Brand - Produktion: Corina Heinzmann - Mitarbeit: Julius Schmid ____________________ Das ist «News Plus»: In einer Viertelstunde die Welt besser verstehen – ein Thema, neue Perspektiven und Antworten auf eure Fragen. Unsere Korrespondenten und Expertinnen aus der Schweiz und der Welt erklären, analysieren und erzählen, was sie bewegt. «News Plus» von SRF erscheint immer von Montag bis Freitag um 16 Uhr rechtzeitig zum Feierabend.

In this episode of the RIA Edge podcast, host David Armstrong speaks with Phil Fiore, co-founder and CEO of Procyon, about how he and his team transitioned from a wirehouse environment to build a fast-growing independent firm. He shares how that growth has been driven by a commitment to delivering fully integrated client services, a disciplined approach to scaling resources to enhance the client experience and a focus on combining organic growth with selective acquisitions that align culturally and strategically. Key takeaways: How breaking from wirehouses opened the door to fully customized, client-first service models Why scale allows firms to expand services and improve the overall client experience meaningfully How integrating services like tax, insurance and M&A builds a true family office approach The importance of a unified brand and culture when pursuing growth through acquisitions How AI is being used to increase advisor efficiency while keeping client relationships central Resources: Listen to the RIA Edge Podcast on Wealth Management Listen and Subscribe to the RIA Edge Podcast on Apple Podcasts Listen and Subscribe to the RIA Edge Podcast on Spotify Connect With David Armstrong: Wealth Management LinkedIn: Wealth Management LinkedIn: David Armstrong Twitter: David Armstrong LinkedIn: Informa Connect With Phil Fiore: LinkedIn: Phil Fiore LinkedIn: Procyon Website: Procyon About Our Guest: Phil is a highly experienced individual with over 30 years of expertise in providing investment consulting services to institutions and high-net-worth families. As the Co-Founder and CEO of Procyon, he brings his extensive financial knowledge to the firm, focusing on firm-wide management, leadership & Nationwide expansion. Before co-founding Procyon, Phil held the position of Senior Vice President of Wealth Management at UBS. During his time there, he led the FDG Group, which was a prominent Institutional Consulting and Private Wealth Team. He also served as a member of the Institutional Consulting Group, Advisory Council, Senior Institutional Consultant, and a Senior Retirement Plan Consultant at UBS. In addition, Phil held the role of Co-Chair of the UBS Corporate Development Advisory Board and its Retirement Advisory Council. Phil has received several accolades for his accomplishments in the financial industry. While at UBS, the Financial Times named him one of their Top 400 US Advisors in 2014, and he was also listed as one of Barron's Top 1,200 Financial Advisors in 2015. Due to his success and expertise, Phil is often invited to speak at national retirement conferences and media interviews, where he shares his knowledge on RIA M&A (Registered Investment Advisor mergers and acquisitions). Phil has a Bachelor of Arts (B.A.) degree in Political Science from the University of Hartford. He has also earned the Certified Investment Management Analyst (CIMA®) and Certified Retirement Plans Counselor (CRPC®) certifications from the College for Financial Planning. These certifications were obtained through the University of Pennsylvania's Wharton School of Business. Outside of work, Phil resides in Westport, CT, with his wife and their two sons. He enjoys golfing, working out, and participating in exotic car rallies and shows.

Los mercados arrancan la semana en positivo, impulsados por el buen comportamiento del sector tecnológico y de semiconductores, ajenos por ahora a las tensiones geopolíticas y al repunte del petróleo. Asia lidera las subidas, con nuevos máximos en Japón y Corea del Sur, en una semana clave para las bolsas internacionales. Los inversores centran su atención en las reuniones de los principales bancos centrales. La Reserva Federal decidirá el miércoles sobre los tipos de interés, mientras que el jueves será el turno del Banco Central Europeo. También celebrarán encuentros de política monetaria el Banco de Inglaterra y el Banco de Japón, en un contexto marcado por la preocupación por la inflación y el impacto del conflicto entre Irán y Estados Unidos. En el plano macroeconómico, en Estados Unidos se publicará la primera estimación del PIB del primer trimestre y el índice de precios PCE, el indicador favorito de la Fed para medir la inflación. En Europa se conocerán datos de IPC en España, Francia y Alemania, así como cifras de crecimiento en España, Alemania, Italia y el conjunto de la eurozona. En Asia destacará el PMI compuesto de China. Además, los mercados afrontan una semana intensa de resultados empresariales. En Estados Unidos rendirán cuentas gigantes tecnológicos como Apple, Alphabet, Amazon, Meta, Microsoft y Qualcomm, junto a compañías como Exxon Mobil, Chevron, Caterpillar o Verizon. En España será el turno de Santander, BBVA, CaixaBank, Repsol, Indra, Aena, Iberdrola y Naturgy. En Europa también presentarán resultados entidades como UBS, ING, Credit Agricole, BNP Paribas y Deutsche Bank, además de firmas como TotalEnergies, Puma y Adidas. En la tertulia de mercados de Capital Intereconomía, Silvia Merino, Sales Manager en Fidelity International; Sergio López de Uralde, responsable de desarrollo de negocio de Groupama AM en Iberia y Latinoamérica; Felipe Lería, Head de Iberia & Latam de UBP; y Víctor Asensi, Country Head de DPAM en España & Latam, analizan el impacto de la guerra en bolsa, bonos y dólar, así como las expectativas ante las decisiones de los bancos centrales y la temporada de resultados.

Der Bundesrat möchte von der UBS mehr Sicherheitspuffer für ihre ausländischen Töchter. Dies soll dazu beitragen, dass die Schweiz keine Bank mehr retten muss. Vertreiben Sie so die UBS aus der Schweiz, Finanzministerin Keller-Sutter? Oder bräuchte es im Gegenteil härtere Auflagen? Die Kritik am Regulierungsplan des Bundesrates kommt von verschiedensten Seiten. Die Bank, Wirtschaftsverbände und Bürgerliche klagen, eine hundertprozentige Unterlegung der Auslandtöchter mit hartem Kernkapital sei unverhältnismässig streng und schade nicht nur der Bank, sondern dem ganzen Wirtschaftsplatz, da Kredite teurer würden. Ist Bundesrätin Karin Keller-Sutter das Wohlergehen der vielen Unternehmen, die von der UBS Kredite haben, egal? Riskiert sie, dass die UBS ihren Hauptsitz ins Ausland verlegt? Oder geht sie im Gegenteil mit ihren Vorgaben zu wenig weit? Riskiert sie so, dass die Schweiz früher oder später auch ihre letzte Grossbank noch retten muss – eine Grossbank, deren aktuelle Bilanzsumme deutlich grösser ist als die gesamte Wirtschaftsleistung der Schweiz? Bundesrätin Karin Keller-Sutter stellt sich in der Samstagsrundschau den Fragen von Nathalie Christen. Thema ist auch die Anzeige der Bundesrätin, nachdem sie auf der Plattform X mithilfe von KI aufs Übelste sexistisch beschimpft wurde. War es schlau, ausgerechnet in einer heiklen Beziehungsphase zwischen der Schweiz und den USA den Kampf gegen eine US-Plattform aufzunehmen? Ergänzend zum Tagesgespräch finden Sie jeden Samstag in unserem Kanal die aktuelle Samstagsrundschau.

Louisa Robb grew up in a chaotic and creative household.A dreamer father who never quite landed his visions. A mother pioneering her way through the Australian film and television industry. Dinner parties with actors. No financial safety net. No predictable path.So she built one.Economics degree. Hong Kong. Zurich. UBS. Managing Director. Global COO overseeing thousands of people.She fit the institution. She wore the suit. She prepared, over-prepared, and prepared some more just to feel like she belonged at the table.And for years, it worked.But something kept pulling at her. The creative child who grew up watching her mother break barriers. The woman who kept asking: should we really have to earn the right to be ourselves?What Louisa discovered after two decades at the top of global finance is this: culture is not a values poster on a wall. It is the set of behaviors people believe they must exhibit just to fit in.And that costs everyone. Especially women.The micro-injuries accumulate quietly. The promotions come without support. The networking happens on golf courses and in spaces that were never designed for you. And one by one, talented women disappear from the pipeline.Louisa left banking to fix that. Not with more compliance. Not with more control. But with a mirror, a whiteboard, and tools that finally put a number on what everyone could feel but no one could prove.This conversation goes deep on imposter syndrome, organisational culture, women in leadership, and what it really means to lead on your own terms.One of the most honest and grounded conversations I have had on this show.I hope it stays with you.Apply to work with me: https://www.michaelxcampion.com/Connect with me: https://www.linkedin.com/in/michaelxcampion/Guest - Louisa Robb (https://www.linkedin.com/in/louisa-robb/)Louisa Robb is the Founder and Managing Director of Lucella AG, a professional coaching and consulting firm based in Zurich, Switzerland. With over 20 years of experience as a senior executive in international finance, including roles as Managing Director and Global COO at UBS AG, she now helps organizations and leaders diagnose and shift organizational culture, develop executive capability, and unlock untapped potential. She is the creator of the Athena program, a year-long women's leadership cohort designed to help women identify who they are, what they want, and how to get it. Her tools include Human Synergistics culture measurement frameworks and the Japanese philosophy of ikigai. She works with investment banks, insurance companies, and major international organizations across Europe and beyond.(00:00) Growing up creative in a world that rewarded conformity (04:10) A filmmaker mother, a dreamer father, and the hunger for security (06:41) Graduating into a recession and landing in Hong Kong (09:07) Being the only woman on the desk and knowing when to walk (12:37) Meeting a Swiss man on the Trans-Siberian Railway (16:36) What it takes to rise through each stage of a finance career (20:43) Micro-injuries and why women disappear at mid-career (27:54) Imposter syndrome and the discipline of over-preparation (33:46) Why she left UBS and what organizational culture really means (37:07) The mirror: closing the gap between intent and impact (44:35) Ikigai, the Athena program, and unlocking untapped potential (59:34) Words to live by, life principles, and what she is most grateful for 

Buenos días. Esto es El Brieff, hoy vamos con una mezcla bastante intensa. Estados Unidos volvió a pegarle al Cartel de Sinaloa, pero esta vez no con un gran operativo hollywoodense, sino con algo igual de importante: el dinero y los químicos que sostienen el negocio del fentanilo. También cayó en Argentina un presunto operador grande del huachicol fiscal, Atlas oficialmente cambia de dueño, Cemex sorprendió al mercado, Uber sigue negociando su lugar en los aeropuertos rumbo al Mundial, y afuera el mundo sigue haciendo lo suyo: treguas frágiles, minas en Ormuz, recortes en Meta, presión sobre UBS y hasta un robot de Sony que ya te puede poner una arrastrada en ping-pong.En STRTGY ayudamos a equipos comerciales a identificar qué zonas, tiendas y territorios pueden generar más ventas, dónde se está perdiendo demanda y dónde conviene enfocar cobertura, surtido y ejecución para impulsar ingresos con menos error. Visita www.strtgy.ai para agendar una demo. Si te interesa una mención en El Brieff, escríbenos a arturo@strtgy.aiRecibe gratis nuestro newsletter con las noticias más importantes del día.Si te interesa una mención en El Brieff, escríbenos a arturo@strtgy.ai Hosted on Acast. See acast.com/privacy for more information.

Der Bundesrat verschärft die Eigenkapitalvorschriften für systemrelevante Banken. Sie sollen ihre ausländischen Tochterfirmen künftig vollständig mit hartem Eigenkapital unterlegen müssen. Der Beschluss ist in der Politik – und in der Branche – umstritten. Die UBS übernimmt die Credit Suisse: Diese Nachricht erreichte die Schweizer Bevölkerung vor rund drei Jahren. Der Niedergang der CS hat die Politik aufgerüttelt: Finanzministerin Karin Keller-Sutter will die Vorschriften für systemrelevante Banken verschärfen und so die Risiken für den Staat und die Steuerzahlenden verringern. Dagegen wehrt sich die einzige globale Grossbank der Schweiz vehement. UBS-CEO Sergio Ermotti warnte an einer Konferenz im Februar vor den bundesrätlichen Plänen: «Der Vorschlag in seiner vorliegenden Form ist nicht akzeptabel und macht unser Unternehmen völlig wettbewerbsunfähig.» Streit um Eigenkapital entbrannt Am Mittwoch hat der Bundesrat die Botschaft zur Anpassung des Bankengesetzes an das Parlament überwiesen. In dieser geht es um die Beteiligungen von systemrelevanten Banken an ausländischen Tochtergesellschaften. Der Bundesrat will, dass diese künftig vollständig – nicht wie heute nur teilweise – mit Eigenkapital unterlegt werden müssen. Angepasst hat der Bundesrat zudem die Eigenmittelverordnung. Darin ist unter anderem festgehalten, welche Bilanzposten die systemrelevanten Banken künftig zum Eigenkapital zählen dürfen – und welche nicht. Können die vorgeschlagenen Verschärfungen bei den Eigenmittelvorschriften für systemrelevante Banken Szenarien wie den CS-Untergang verhindern? Oder schwächt der Bundesrat damit die UBS und den Finanzplatz Schweiz? Limite für Löhne ist umstritten Unabhängig der Regulierungsentscheide sorgt die Bankenbranche regelmässig für Aufsehen – etwa aufgrund der hohen Löhne. Sollen die Boni der Top-Banker limitiert werden? Oder würde man damit unzulässig in die Wirtschaftsfreiheit der Banken eingreifen? Zu diesen Fragen begrüsst Sandro Brotz am 24. April 2026 in der «Arena»: – Hannes Germann, Ständerat SVP/SH; – Ursula Zybach, Nationalrätin SP/BE; – Beat Walti, Nationalrat FDP/ZH; und – Marc Rüdisüli, Kantonsrat Die Mitte/TG. Ausserdem im Studio: – Roman Studer, CEO Schweizerische Bankiervereinigung.

Kathy Fettke breaks down why UBS says the latest Trump housing plan may not be enough to solve America's affordability crisis. With the U.S. still short roughly 10 million homes, policymakers are pushing deregulation as a path to faster building—but will it actually work? In this episode, Kathy explains why Texas-style growth may come with risks, how ResiClub data shows supply can also create volatility, and why markets like Austin and Dallas are now correcting after the pandemic boom. She also covers the lock-in effect, tight inventory, mortgage rate pressure, and what real estate investors should watch next. If you want to understand where housing policy meets opportunity, this episode is for you.

Tesla's profits rebounded from last year's lows, Brent crude jumped back above $100 a barrel on Wednesday after Iran's navy said it seized two commercial ships in the Strait of Hormuz, and China's new trade rules have concerned businesses operating in the country. Plus, the FT's John Burn-Murdoch unpacks a survey that finds the highest-earning workers are adopting AI in their jobs far faster than others and Switzerland hit UBS with a proposed $20bn capital increase.Mentioned in this podcast:Tesla shares rally as profits rebound from last year's lowsTrump's ‘dirty ceasefire' tested as Iran hits shippingUS allies in Gulf and Asia have requested swap lines, Scott Bessent saysChina links tough new trade rules to Iran war and Panama port disputeHigh earners race ahead on AI as workplace divide widensSwitzerland hits UBS with proposed $20bn capital increaseCredit: ReutersNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed and Fiona Symon. Our show was mixed by Sam Giovinco. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

With Ben Domingue, Founder & Managing Partner of Family Office Partners Overview Louis Diamond speaks with Ben Domingue, Founder of Family Office Partners, on his move from UBS PWM to independence—why control became essential, and how building his own firm reshaped how he serves entrepreneurial clients. Listen in… > Download a transcript of this episode… NOTE: The views and opinions expressed by the guests on this podcast are their own and do not necessarily reflect the views and opinions of Diamond Consultants. Neither Diamond Consultants nor the guests on this podcast are compensated in any way for their participation. Watch… https://youtu.be/OQHKoj_n8Y8 About this episode… Many advisors build impressive businesses within large firms—serving entrepreneurs by helping them navigate liquidity events, capital decisions, and growth strategies. But they're still operating within someone else's structure. And over time, a gap can develop between what you're advising clients to do… and what you can actually execute yourself. For Ben Domingue, that gap became a turning point. After more than two decades at UBS Private Wealth Management, where he built a $2B ultra-high-net-worth practice, Ben became increasingly aware of the tension between the advice he was giving and the constraints of the platform he was operating within. So he decided to leave and build Family Office Partners alongside Elevation Point—not to replicate what he had, but to design something different. A firm where he could “eat his own home cooking” and operate with the same level of control and flexibility his entrepreneurial clients expect. In this episode with host Louis Diamond, Ben shares what that shift really looks like, including: The decision to leave UBS—and why he wanted to not replicate what he had, but to design something different. The lessons learned in serving entrepreneurs—and how that transformed his own mindset and business practices. The limitations at UBS—and its impact on how advice was delivered, and solutions were sourced. The reality of “getting bigger”—and why it wasn't about scale for its own sake, but about building the capabilities his clients actually need. Choosing Elevation Point—and why they were the right partner for their independent firm. This conversation offers a clear look at what changes when an advisor moves from producer to owner—and how that shift can reshape growth, service, and long-term strategy. Want to learn more about where, why, and how advisors like you are moving? Click to contact us or call 908-879-1002. Related Resources The Elevation of Independence: Jim Dickson on Building Real Enterprise ValueLouis Diamond speaks with the founder and CEO of Elevation Point about building a next-generation independent platform focused on ownership, minority capital, data strategy, and scalable, durable advisory firms. Intentional Growth: How Top Advisors Build Businesses That LastStrong markets can drive growth, but durable wealth management businesses are built with intention. Jason Diamond outlines five practices top advisors use to create scalable firms designed to last. Diamond Consultants UBS Advisor Transition Report 2025This “firm-focused report” seeks to look under the hood at movement to and from UBS from January to June of 2025. Benjamin T. DomingueFounder | Managing Partner Ben is a Founder & Managing Partner of Family Office Partners, an independent multi-family office that works with founders, entrepreneurs, family offices, and ultra-high-net-worth families. With over 25 years of experience, he has guided clients with a range of complex needs while working closely with several members of their firm for more than two decades. Prior to founding Family Office Partners, Ben spent 20+ years at UBS — including 11 years in its Private Wealth division where he served as Managing Director and was among the firm's Chairman's Club advisors. He advised some of UBS's largest, most complex client relationships, specializing in private‐company ownership and significant liquidity transactions.¹ While there, he founded the Exit Planning & Wealth Consulting Group, coordinating with internal and external resources to address the complex needs of families and businesses, supporting over 40 transactions. Ben also frequently spoke on topics related to family wealth and the intricacies of private company transitions to other advisors and industry groups. His experience reinforced the view that solutions are rarely contained within a single institution, which led him and his partners to pursue a more collaborative, open-architecture business model focused on identifying the right resources, regardless of their origin, to best serve clients. Family Office Partners was built on that insight. For Ben, the firm embodies a model built around an expansive matrix of specialists who have the experience of addressing real-world challenges faced by founders, entrepreneurs, and families, especially those navigating the complexity of private company ownership. What makes this work most rewarding for him is the significant learning he has gained from the clients themselves, leaders, innovators, and stewards of generational success. And for Ben, the most humbling aspect has been their desire not only to achieve their own goals but to contribute to the success of the firm and other families in similar positions. Ben is married to Dana and has two children, Abby and Luke, both students at Louisiana State University. My commitment to clients goes beyond managing wealth; it’s about partnering on critical family and business decisions that shape legacies for generations. I strive to cultivate deeply personal trust, built on over two decades of shared experience and collaborative problem-solving.

Buenos días. Esto es El Brieff, el podcast para arrancar el día con café en mano, contexto claro y cero tiempo perdido. Arrancamos con una frase que resume perfectamente el tono del choque entre México y Estados Unidos: Donald Trump aseguró que México “está perdido” y que Estados Unidos es su única esperanza. Y lo dijo mientras crece la presión por la muerte de dos agentes estadounidenses en Chihuahua y por las preguntas sobre qué hacían realmente en territorio mexicano. Además, vamos con el golpe al huachicol, la reunión de Sheinbaum con la ONU en pleno debate por desapariciones, el plan de Clara Brugada para meterle freno a las rentas en la capital, y varios movimientos globales que pasan por Tesla, UBS, Rusia, LinkedIn y el universo cripto de los Trump. Así que acomódate, respira, y vámonos directo a lo importante.En STRTGY ayudamos a equipos comerciales a identificar qué zonas, tiendas y territorios pueden generar más ventas, dónde se está perdiendo demanda y dónde conviene enfocar cobertura, surtido y ejecución para impulsar ingresos con menos error. Visita www.strtgy.ai para agendar una demo. Si te interesa una mención en El Brieff, escríbenos a arturo@strtgy.aiRecibe gratis nuestro newsletter con las noticias más importantes del día.Si te interesa una mención en El Brieff, escríbenos a arturo@strtgy.ai Hosted on Acast. See acast.com/privacy for more information.

Bundesrat verschärft Eigenkapitalregeln für die UBS, Italiens Ministerpräsidentin Giorgia Meloni unter Druck, Zivildienst soll unattraktiver werden, «Michael» – ein Jackson-Biopic ohne sein dunkelstes Kapitel

Buenos días, buenos días. Esto es El Brieff, el resumen para arrancar el día con la cabeza prendida, el café servido y el radar bien calibrado. Hoy tenemos una historia en Chihuahua que dejó de ser solo un accidente y se convirtió en una pregunta incómoda sobre cooperación binacional, soberanía y ley. También vamos a hablar de Agustín Carstens brincando a UBS, de Lululemon apostando fuerte por México, del nuevo juego de presión de Donald Trump con Irán y de por qué Wall Street recibió al nuevo CEO de Apple con menos aplausos y más cejas levantadas. Así que respira, acomódate y vámonos directo a lo que importa.En STRTGY ayudamos a equipos comerciales a identificar qué zonas, tiendas y territorios pueden generar más ventas, dónde se está perdiendo demanda y dónde conviene enfocar cobertura, surtido y ejecución para impulsar ingresos con menos error. Visita www.strtgy.ai para agendar una demo. Si te interesa una mención en El Brieff, escríbenos a arturo@strtgy.aiRecibe gratis nuestro newsletter con las noticias más importantes del día.Si te interesa una mención en El Brieff, escríbenos a arturo@strtgy.ai Hosted on Acast. See acast.com/privacy for more information.

#413 In this podcast episode, Guy talked with Mark Gober about his drive to understand the nature of reality, his view that society is pushed toward fear and division, and his framing of this as "spiritual war." Gober recounted his conventional path (Princeton, investment banking at UBS during the 2008 crisis, then a decade in intellectual property consulting) and how witnessing corruption, followed by a 2016 "dark night of the soul," led him into research on psychedelics, meditation, alternative health, and evidence for consciousness beyond the brain (e.g., near-death experiences, UVA perceptual studies, IONS). He described writing seven books (2018–2024), launching the "Where Is My Mind" podcast, leaving a partner role to pursue this work, and later expanding into politics/economics during COVID, arguing government structure violates spiritual principles and emphasizing discernment, inner work, intention, and his ibogaine intentions. About Mark: Mark Gober is the author of the "Upside Down" series of seven books—spanning the topics of consciousness, politics, economics, UFOs, medicine, cosmology, and more. His first book, "An End to Upside Down Thinking" (2018), won the IPPY award for best science book of the year and was endorsed by researchers with affiliations at Harvard, Princeton, UVA, and UCSF (among others). He then wrote "An End to Upside Down Living" (2020), "An End to Upside Down Liberty" (2021), "An End to Upside Down Contact" (2022), "An End to the Upside Down Reset" (2023), "An End to Upside Down Medicine" (2023); and "An End to the Upside Down Cosmos" (2024). Mark is also the host of the 8-episode podcast series "Where Is My Mind?", released in 2019, which explores the scientific evidence for telepathy, the afterlife, and more. Additionally, since 2019, he has served on the board of the Institute of Noetic Sciences. Previously, Mark was a partner at Sherpa Technology Group in Silicon Valley and worked as an investment banking analyst with UBS in New York. He has been named one of IAM's Strategy 300: The World's Leading Intellectual Property Strategists. Mark graduated magna cum laude from Princeton University, where he wrote an award-winning thesis on Daniel Kahneman's Nobel Prize–winning "Prospect Theory" and was elected a captain of Princeton's Division I tennis team. Key Points Discussed:  (00:00) - You're TRAPPED In A Hidden Spiritual War Rewiring Your Reality! (02:14) - Why Mark Is Passionate About Understanding Reality (02:36) - Are We Waking Up as a Species? (03:15) - Consciousness: Beyond the Brain (07:49) - Waking Up, Cleaning Up, Growing Up & Showing Up (09:38) - Mark's Background: Before the Spiritual Journey (11:26) - Investment Banking at UBS During the 2008 Financial Crisis (14:16) - Intellectual Property, Innovation & Seeing Corruption Firsthand (18:24) - Dark Night of the Soul & The Turning Point (23:00) - Reincarnation, Children's Past Lives & University of Virginia Research (24:13) - Writing His First Book & The "Where Is My Mind?" Podcast (26:41) - Leaving a Partner-Level Career to Follow His Purpose (29:04) - LIVE IN FLOW — Experience This Work in Person (30:26) - Spiritual War: Dark Forces & Intentional Suppression of Truth (31:33) - The Nag Hammadi Scriptures & Ancient Gnostic Texts (35:40) - COVID, Political Division & Writing "An End to Upside Down Liberty" (38:01) - Liberty, Statism & How Government Violates Spiritual Principles (45:01) - The Non-Aggression Principle & Natural Law (52:34) - How to Navigate a Dark World: Compassion With Discernment How to Contact Mark Gober:www.markgober.com   About me:My Instagram: www.instagram.com/guyhlawrence/?hl=en Guy's websites:www.guylawrence.com.au www.liveinflow.co

UBS expects the space economy to grow to more than $1trn by 2040. What are the key opportunities and risks for investors ahead of this inflection point? With Alex Stiehler and Ashim Thakur.See omnystudio.com/listener for privacy information.

This is a free preview of a paid episode. To hear more, visit www.houseofstrauss.comSpike Eskin got into it with Sopan Deb of the New York Times and became a character in my article on UBS blaming the NBA for Nike woes. We podcasted about this subject, Diana Russini resigning from the Athletic, and the playoff outcome that would best help the NBA. Topics! Include!* NBA popularity decline: Discussing why Finals viewership is the real NBA popularity indicator, and UBS report linking it to Nike's struggles.* Sopan Deb's tweet skepticism: Critique of the NYT writer's demand for “concrete evidence” of crisis despite revenue claims, arguing data like ratings won't sway entrenched views.* Load management and 65-game rule defense* Star power deficit: Casual fans name only aging stars (LeBron, Steph); current top players lack youth appeal or relatability, hurting Nike sales and broad interest.* Media defensiveness/politics: NBA coverage mirrors politics—denial of decline tied to anti-conservative pushback; OutKick overstates “woke” label post-2020.* Playoff hopes: Spurs-Thunder rivalry, Luka redemption arc, or Wemby breakout could help, but his height/French persona limits mass appeal vs. relatable stars.* Diana Russini scandal: Defending her reporting skill (e.g., accurate AJ Brown rumors matched by Schefter/Rapoport) amid Vrabel photos; industry favors relationships, not just ethics.* Donate to Spike's great cause: The 2026 Walk for Paws

Episode 173: Steve Cafiero & The Lost Art of Connecting: The Gather, Ask, Do Method for Building Meaningful Business Relationships by Susan McPhersonAbout SteveSteve Cafiero is founder and managing partner of TideShift Partners, where he works with senior leaders to scale their businesses across leadership strategy, organizational alignment, talent development, and change management. Steve clients include executives from major corporations including SAP, AT&T, Gartner, Amazon, Forrester, Calvin Klein, VMware, Broadcom, AETNA, UBS, and several privately held companies. Steve's professional experience includes positions at SAP, Gartner, AT&T, and privately held financial services firms. He holds a bachelor's degree from the State University of New York, and an MBA from PACE University. He and his wife Kim have been active members of the Wilton community for over thirty years. They have two grown daughters, and enjoy traveling, entertaining, and spending time with family and friends.Conversation HighlightsThe transition from traditional networking to connection building for deeper relationshipsKey takeaways from The Lost Art of Connecting by Susan McPhersonHow past experiences, including family stories, shape our approach to leadership and connectionThe significance of vulnerability, trust, and intentionality in professional relationshipsPractical strategies: gather, ask, do—ethical engagement over timeThe role of emotional bank accounts and being present in conversationsHow introversion and extroversion influence our ability to connectLeadership styles rooted in servant leadership and active listeningBuilding community through hosting and expanding networks beyond immediate contactsThe importance of timing and momentum in expanding influenceThe MAIN QUESTION underlying my conversation with Steve is, In this age of disconnection, how are you intentional about how you show up for others to connect with and understand them?Find SteveWebsite: www.tideshiftpartners.comLinkedIn: https://www.linkedin.com/in/steve-cafieroEmail: scafiero@tideshiftpartners.comLinkedIn - Full Podcast Article: CHAPTERS00:00 - The Book Leads Podcast - Steve Cafiero00:58- Introduction & Bio02:49 - Who are you today? Can you provide more information about your work?06:00 - How did your path into your career look like, and what did it look like up until now?22:28 - How does the work you're doing today reconcile to who you were as a child?26:03 - What is your superpower?26:50 - Steve's ability to connect with others00:00 - What does leadership mean to you?36:55 - Can you introduce us to the book we're discussing?50:26 - What's changed in you in the process of writing this book?01:03:45 - What are you up to these days? (A way for guests to share and market their projects and work.)This series has become my Masterclass In Humanity. I'd love for you to join me and see what you take away from these conversations.Learn more about The Book Leads and listen to past episodes:Watch on YouTubeListen on SpotifyListen on Apple PodcastsRead About The Book Leads – Blog PostFor more great content, check out the catalog for my newsletter Last Week's Leadership Lessons, if you haven't already!

Most families worth $2.4 billion still struggle to govern themselves. That's not an opinion — it's what the data says.In this episode, Prashant sits down with Mark Tepsich, Executive Director of Family Office Advisory at UBS — the world's largest private wealth manager with over $4.3 trillion in AUM, serving roughly half of the world's billionaires. Mark recently led a research study of 100+ family offices and found that even the most sophisticated, multigenerational families rated their own governance weaker than expected. The reason isn't money. It's culture.We get into what actually separates families that preserve wealth across generations from those that don't — and what to do about it.⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.comIn this episode:- Why governance fails even the wealthiest families- How to start a family constitution without getting overwhelmed- The next gen mistake that wealth creators keep making- Family vs. institutional investment committees — a critical difference- When to build a family office and what your first hires should be- Family banks and why 60% say they drive next gen entrepreneurship- The one governance rule every family should followTimestamps:(00:00) - Preview(00:46) - Introduction to the guest Mark Tepsich and the episode's topics.(02:51) - Deeper dive into the surprising findings from the Family Enterprise Governance Report.(04:22) - Key governance challenges for mature, multi-generational families.(06:59) - How to advise families to fix governance issues.(09:02) - Where to start when building family governance.(11:09) - The key components of an effective family constitution.(13:26) - Who should lead governance conversations: family members or a neutral third party?(15:16) - Why some families hesitate to formalize their governance.(17:26) - Power dynamics within the family when building governance structures.(19:39) - At what stage should families start building a family office and governance?(22:01) - Common misunderstandings about preparing the next generation for wealth transfer.(25:32) - What separates families that successfully transition wealth from those that struggle.(28:36) - The importance of letting the next generation make low-risk financial mistakes.(31:26) - Why regular, non-financial family meetings lead to stronger governance.(33:31) - The role of investment committees and formal investment policies (IPS).(35:46) - How family office investment committees differ from institutional ones.(38:31) - Emotional dynamics that influence family investment decisions.(39:42) - Who has the final say when investment decisions get messy.(41:15) - Why don't mature families just split their capital and operate independently?(45:41) - The role and benefits of involving external professionals in governance.(47:24) - How to balance outsourcing expertise versus building in-house teams.(50:27) - The most critical first hires for a family office with a limited budget.(52:11) - How "family banks" work to fund next-generation entrepreneurship.(54:24) - What destroys family wealth: Poor investments or weak governance?(56:13) - The single most important governance rule for preserving wealth across generations.(57:31) - Where to learn more about Mark Tepsich's work at UBS.Links:UBS - https://www.ubs.com/global/enConnect with Mark Tepsich - https://www.linkedin.com/in/mark-tepsich-88826b33/Connect with Prashant: https://linkedin.com/in/choubeysahabVC10X newsletter - ⁠https://vc10x.beehiiv.com⁠YouTube - ⁠https://youtube.com/@VC10X ⁠Apple Podcasts - ⁠https://podcasts.apple.com/us/podcast/vc10x-investing-venture-capital-asset-management-private/id1632806986⁠Spotify - ⁠https://open.spotify.com/show/7F7KEhXNhTx1bKTBFgzv3k?si=WgQ4ozMiQJ-6nowj6wBgqQ⁠Website - ⁠https://vc10x.com#FamilyOffice #WealthManagement #MultigenerationalWealth #UBS #FamilyGovernance

Amantia Muhedini of UBS explains how a new report that mapped the investable universe and proposes a “theory of change” approach can help clients to invest through a gender lens and close the gender-wealth gap. See omnystudio.com/listener for privacy information.

UBS no longer sees ServiceNow (NOW) as a better positioned stock in the AI trade. William Blair adds Amazon (AMZN) to its conviction list. Piper Sandler expects a bigger step down for Nike (NKE) shares. Diane King Hall takes investors through the top headlines driving action on Wall Street to start Friday's session. ======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Market update for Friday April 10, 2026Check out the Public app for incredible investing tools and to support the show (LINK)Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions.In today's episode: March CPI jumps 3.3%, the biggest monthly increase since 2022,Jerome Powell and Scott Bessent call emergency meeting over Anthropic's new Mythos AI modelTSMC posts record $35.6 billion in Q1 revenueCoreWeave pops after landing multi-year deal with AnthropicServiceNow gets hit again as UBS downgrades the stock on AI disruption fearsDOJ opens antitrust investigation into the NFL over media rights deals

Ghost delivers a rapid-fire geopolitical breakdown covering escalating violence in the Congo tied to rare earth minerals, explosive developments in the UBS and Credit Suisse Nazi-linked banking investigation, and the latest twists in Iran–US negotiations. A translated Netanyahu press conference reveals strong alignment with Trump while raising questions about the future of the conflict. Meanwhile, internal fractures within Israeli leadership begin to surface as global power dynamics shift. Ghost connects the dots across regions, offering sharp analysis and provocative theories about intelligence operations, negotiations behind closed doors, and the broader restructuring of alliances in the Middle East.

George Tsilis turns to stories moving stocks beyond the pending U.S.-Iran negotiation deadline. Rosenblatt's upgrade of Arista Networks (ANET) is tied to Broadcom (AVGO) and Alphabet (GOOGL) extending their TPU partnership. UBS also upgraded Morgan Stanley (MS) while Seaport downgraded multiple homebuilders. ======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Thanks to Monarch for partnering with me! Start your free trial and get 50% off your first year of total money clarity using my link https://monarchmoney.yt.link/WW7Xqyc or code euro50.Oracle announced it will be laying off tens of thousands of its employees in an attempt to save cash. Not that long ago the company could borrow any insane amount it wanted. In other words, the proposed job cuts at Oracle offer more confirmation of credit market stress. So do the layoffs Block had announced in late February. The cycle has completely flipped, including Fitch admitting one form of selective default is at a 14-year high while UBS locks up one European fund for three years!Eurodollar University's Money & Macro AnalysisOracle cutting thousands in latest layoff round as company continues to ramp AI spendinghttps://www.cnbc.com/2026/03/31/oracle-layoffs-ai-spending.htmlOracle announces Equity and Debt Financing Plan for Calendar Year 2026https://investor.oracle.com/investor-news/news-details/2026/Oracle-announces-Equity-and-Debt-Financing-Plan-for-Calendar-Year-2026/default.aspxUBS gates €400mn property fund for up to 3 yearshttps://www.ft.com/content/67d6e6ab-724c-4e23-b806-51fed911b766?syn-25a6b1a6=1U.S. Private Credit Defaults Ease to 5.4% in February 2026https://www.fitchratings.com/research/corporate-finance/us-private-credit-defaults-ease-to-5-4-in-february-2026-18-03-2026Private Credit's Investor Exodus Spreads to Consumer Loanshttps://www.wsj.com/finance/investing/private-credits-investor-exodus-spreads-to-consumer-loans-de2507d7Non-Cash-Generating Private-Credit Loans Rise to a 14-Year Peak, Fitch Sayshttps://www.wsj.com/articles/non-cash-generating-private-credit-loans-rise-to-a-14-year-peak-fitch-says-02ed4b94https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Omar Jaffrey has been involved in technology, media and telecommunications ("TMT") investments, mergers and acquisitions, strategic partnerships, public and private capital raises, restructuring and bankruptcies for over 30 years.   Mr. Jaffrey founded Palistar Capital (formerly, Melody Investment Advisers, "Palistar") in 2019 as a specialist digital infrastructure investor as his go-forward investment platform and created Symphony Wireless, an affiliated easements origination platform ("Symphony"). The team successfully raised a $2 billion dedicated digital infrastructure fund at the end of 2021, has built out a specialist team with deep investment and operating expertise and has invested in a number of macro tower investments including Harmoni Towers, Parallel Infrastructure, CTI Towers, and an easements and tower portfolio originated by Symphony.   Prior to Palistar, Mr. Jaffrey co-founded Melody Capital Partners ("Melody") in 2012 where he was also a Managing Partner. The team at Melody raised two fund families – a Structured Credit platform with $1 billion assets under management ("AUM") and a digital infrastructure platform with $700 million AUM ("Melody Wireless Infrastructure"). Mr. Jaffrey crafted the strategy, built Melody Wireless Infrastructure as its CEO and successfully exited Melody Wireless Infrastructure in 2021. Melody is now actively harvesting its remaining investments and is no longer making new investments or fundraising.   Prior to Melody, Mr. Jaffrey was a Managing Director of UBS Investment Bank, most recently serving as Americas Co-head of the Special Situations Group. Mr. Jaffrey was an advisor to some of the leading telecommunications and technology companies globally covering over 50 global clients in the TMT space for their strategic and financing needs. Mr. Jaffrey also helped build UBS's Telecommunications Media and Technology Investment Banking practice and was Global Head of Satellite Investment Banking while specializing in the convergence of TMT sectors between 2003 and 2009. Prior to joining UBS, Mr. Jaffrey was a Managing Director at Merrill Lynch where he built the Global Satellite Investment Banking practice. In the early 1990s, Mr. Jaffrey helped build Bear Stearns' Investment Bank in Asia, and was a founding member of Bear Stearns' Telecommunications sector Investment Banking practice.   Mr. Jaffrey holds a BS magna cum laude in Electrical Engineering from Columbia University and an MBA from Stanford University,  and is a member of Tau Beta Pi and Eta Kappa Nu honor societies.

Justice Department records reveal that UBS facilitated a series of financial transactions that enabled Ghislaine Maxwell to purchase a secluded New Hampshire property where she later hid before her arrest in 2020. Even after receiving a grand jury subpoena tied to a federal sex trafficking investigation, the bank processed a transfer of nearly $8 million from a trust connected to Maxwell. That money was then routed through multiple accounts before being used to acquire the estate known as “Tucked Away.” The timing of these transactions—occurring while Maxwell was under increasing scrutiny—raises serious concerns about how closely the bank monitored or responded to obvious risk factors.The broader financial trail shows that UBS had managed significant assets for Maxwell over an extended period, continuing to facilitate transactions even after Epstein's arrest and as investigations intensified. The property purchase was later flagged by authorities as potentially involving proceeds linked to trafficking activity, underscoring the scale and complexity of the financial network surrounding Epstein and Maxwell. Altogether, the situation highlights how major institutions continued servicing high-risk clients despite mounting red flags, allowing critical financial movements to proceed unchecked during a pivotal moment in the investigation.to contact me:bobbycapucci@protonmail.comsource:Exclusive: How UBS helped Epstein accomplice Maxwell buy her hideout, 'Tucked Away' | Reuters

Swiss lawmakers have assured senior UBS executives that they will water down stringent new rules and the Trump administration took its first step in opening the more than $10tn US retirement marketplace to private markets. Plus, as part of our series marking one year since so-called Liberation Day, the FT's Stefania Palma explains the rocky legal future of US tariffs. Mentioned in this podcast:Swiss lawmakers signal compromise on $22bn UBS capital planTrump to take first steps in opening retirement funds to private marketsThe Supreme Court sends tariffs on a turbulent descentListen to the FT News Briefing's tariffs series hereNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed, Victoria Craig, and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Justice Department records reveal that UBS facilitated a series of financial transactions that enabled Ghislaine Maxwell to purchase a secluded New Hampshire property where she later hid before her arrest in 2020. Even after receiving a grand jury subpoena tied to a federal sex trafficking investigation, the bank processed a transfer of nearly $8 million from a trust connected to Maxwell. That money was then routed through multiple accounts before being used to acquire the estate known as “Tucked Away.” The timing of these transactions—occurring while Maxwell was under increasing scrutiny—raises serious concerns about how closely the bank monitored or responded to obvious risk factors.The broader financial trail shows that UBS had managed significant assets for Maxwell over an extended period, continuing to facilitate transactions even after Epstein's arrest and as investigations intensified. The property purchase was later flagged by authorities as potentially involving proceeds linked to trafficking activity, underscoring the scale and complexity of the financial network surrounding Epstein and Maxwell. Altogether, the situation highlights how major institutions continued servicing high-risk clients despite mounting red flags, allowing critical financial movements to proceed unchecked during a pivotal moment in the investigation.to contact me:bobbycapucci@protonmail.comsource:Exclusive: How UBS helped Epstein accomplice Maxwell buy her hideout, 'Tucked Away' | ReutersBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.