Exchanges
Episodes
Covid-19: Where We Go From Here
18 Aug 2020
Contributed by Lukas
Well into the COVID-19 pandemic, countries continue to grapple with managing the virus while restoring economic activity. Where the virus will go from...
Markets Update: U.S. Election in Focus
14 Aug 2020
Contributed by Lukas
Tony Pasquariello of Goldman Sachs' Global Markets Division and Joe Wall of the Office of Government Affairs discuss how investors are viewing the upc...
Why Diversity Drives Better Investment Performance
11 Aug 2020
Contributed by Lukas
Katie Koch, co-head of the Fundamental Equity business within Goldman Sachs Asset Management, talks about why diversity gives investing teams a compet...
Markets Update: SPACs
07 Aug 2020
Contributed by Lukas
Olympia McNerney of Goldman Sachs talks about what’s been driving the surge in SPACs as an alternative avenue for companies to raise money in the pu...
How Companies Are Meeting Their Financing Needs
04 Aug 2020
Contributed by Lukas
Susie Scher, co-head of the Global Financing Group in Goldman Sachs' Investment Banking Division, talks about how companies are meeting their financin...
Markets Update: Balanced Bear Repair
31 Jul 2020
Contributed by Lukas
Christian Mueller-Glissmann of Goldman Sachs Research discusses his new research about asset allocation with the risk of ‘fat and flat’ markets. L...
How Automated Robots are Supporting the Surge in E-commerce
28 Jul 2020
Contributed by Lukas
In this episode of our Venture Capital Horizon series with Heath Terry of Goldman Sachs Research, we dive into the future of e-commerce and the adopti...
Markets Update: Europe’s Fiscal Stimulus
24 Jul 2020
Contributed by Lukas
Jose Manuel Barroso, chairman of Goldman Sachs International, provides an update on Europe’s latest fiscal stimulus package. Learn more about your...
Where CIOs are Allocating Capital, According to GSAM’s 2020 Insurance Report
21 Jul 2020
Contributed by Lukas
Mike Siegel of Goldman Sachs Asset Management summarizes key investment trends from GSAM’s 2020 Insurance Report. Learn more about your ad choices...
Investing in Racial Economic Equality
20 Jul 2020
Contributed by Lukas
America appears to be at a point of reckoning with its long history of social and economic racial inequality. How to close the large and persistent Bl...
Markets Update: A “Gritty” Second Quarter
17 Jul 2020
Contributed by Lukas
Jim Esposito, global co-head of Goldman Sachs’ Global Markets Division, recaps a “gritty” second quarter, the importance of technological resili...
Sustainable ESG Investing: Turning Promises into Performance
14 Jul 2020
Contributed by Lukas
Steve Strongin, a senior advisor at Goldman Sachs, discusses the future of ESG investing, based on a new Goldman Sachs Research report, Sustainable ES...
Markets Update: "Investor Sobriety" Carries into Q3
10 Jul 2020
Contributed by Lukas
Tony Pasquariello of Goldman Sachs' Global Markets Division recaps the historic market rally of the second quarter and talks about how institutional i...
U.S. Dollar Weakness
07 Jul 2020
Contributed by Lukas
Zach Pandl of Goldman Sachs Research explains the factors driving U.S. dollar weakness. Learn more about your ad choices. Visit megaphone.fm/adchoices
Markets Update: Banks’ Stress Tests
02 Jul 2020
Contributed by Lukas
Richard Ramsden of Goldman Sachs Research explains what the results from U.S. banks’ latest stress tests say about the health of the industry. Learn...
What’s Driving Growth in Alternative Asset Classes?
30 Jun 2020
Contributed by Lukas
Kristin Olson, global head of the Alternative Capital Markets Group in Goldman Sachs' Consumer and Investment Management Division, explains where inve...
Markets Update: Will the Recovery Be Derailed?
26 Jun 2020
Contributed by Lukas
Amelia Garnett of Goldman Sachs' Global Markets Division provides an update on how institutional investors are weighing market risks, from an uptick i...
How COVID-19 is Impacting Companies’ M&A Strategies
23 Jun 2020
Contributed by Lukas
Tim Ingrassia, co-chairman of Global Mergers & Acquisitions for Goldman Sachs Investment Banking, provides an update on the recent M&A slowdown. “I ...
Markets Update: The Rise of the Retail Investor
18 Jun 2020
Contributed by Lukas
In this episode, Philip Berlinski, COO of Global Equities, provides an update on equity markets, from the growth in day trading to the role of active ...
Upending an Industry: How Digital Banking Will Simplify Corporates’ Financial Needs
16 Jun 2020
Contributed by Lukas
In this episode, Hari Moorthy, head of Transaction Banking for Goldman Sachs, talks about innovations in banking technology for corporations and what ...
Markets Update: Constructive Conditions for Equity Issuers and Investors
12 Jun 2020
Contributed by Lukas
Lizzie Reed of Goldman Sachs’ Investment Banking Division gives an update on what’s been driving investor interest in equity markets. Learn more...
To Everyone Who’s Asked, ‘How’s It Going?’
05 Jun 2020
Contributed by Lukas
Fred Baba, a managing director in Goldman Sachs' Global Markets Division, reflects on a raw and honest email he wrote this week about his experience w...
The Great Reset: A Framework for Investing After COVID-19
02 Jun 2020
Contributed by Lukas
Steve Strongin, a senior advisor for Goldman Sachs, discusses a new framework for investing after COVID-19. Learn more about your ad choices. Visit me...
Daunting Debt Dynamics
01 Jun 2020
Contributed by Lukas
Government deficits, debt issuance and debt levels are set to surge as countries race to ease the economic impact of the coronacrisis. This raises man...
Markets Update: Investors Assess U.S.-China Risks
29 May 2020
Contributed by Lukas
Michael Cassell of Global Markets gives a quick update on how investors are approaching market risks, from U.S.-China tensions to ongoing COVID-19 unc...
The Future of Sustainable Nuclear Energy
27 May 2020
Contributed by Lukas
Heath Terry of Goldman Sachs Research explores clean energy and the advances in nuclear power technology as part of his team’s Venture Capital Horiz...
Markets Update: Investor Sentiment Improves as Lockdowns Lift
22 May 2020
Contributed by Lukas
Tony Pasquariello, global head of hedge fund coverage for Goldman Sachs’ Global Markets Division, provides an update on how investors are reacting t...
The State of Goldman Sachs’ Small-Business Lending
19 May 2020
Contributed by Lukas
Goldman Sachs has committed $500 million in lending capital to provide Paycheck Protection Program, or PPP, loans to small businesses suffering in thi...
Markets Update: How ESG is Changing
15 May 2020
Contributed by Lukas
In this episode, leveraging a client call from Goldman Sachs Investment Banking, leaders from across the financial services industry discuss the pande...
How Are Small Businesses Surviving?
13 May 2020
Contributed by Lukas
Asahi Pompey, global head of Corporate Engagement and president of the Goldman Sachs Foundation, interviews three graduates of the Goldman Sachs 10,0...
Markets Update: Latin America
08 May 2020
Contributed by Lukas
Jen Roth of Goldman Sachs' Global Markets Division provides an update on how COVID-19 is impacting investor sentiment in emerging markets. Learn mor...
Client Call: How Retailers Will Re-Open
06 May 2020
Contributed by Lukas
In a recent client call held by Goldman Sachs Research, Brian Dodge, President of the Retail Industry Leaders Association, discusses how retailers wil...
Markets Update: Central Bank Responses
02 May 2020
Contributed by Lukas
Alex Blanchard of Goldman Sachs’ Global Markets Division shares an update on how global central banks are responding to liquidity concerns. Learn ...
Reopening the Economy
30 Apr 2020
Contributed by Lukas
With mitigation measures leading to an apparent leveling off of case growth globally at the same time that the economic costs of such measures continu...
Client Call: CFO Perspectives
29 Apr 2020
Contributed by Lukas
Goldman Sachs CFO Stephen Scherr and other senior leaders across the firm discuss topics that are top of mind for CFOs in the current environment, fro...
Markets Update: Oil Prices Drop to Record Lows
24 Apr 2020
Contributed by Lukas
Sarah Kiernan of Goldman Sachs’ Global Markets Division gives her quick take on the latest market volatility, including investors’ reactions to re...
Client Call: Oil Update as Negative Prices Emerge
22 Apr 2020
Contributed by Lukas
To share Goldman Sachs’ latest analysis on record price declines in oil markets, this episode leverages a client call, featuring Jeff Currie, Damien...
How the Housing Sector Has Been Impacted by the Economic Slowdown
21 Apr 2020
Contributed by Lukas
In this episode, Terry Hagerty, co-head of homebuilding & building products investment banking for Goldman Sachs, discusses how COVID-19 has impacted ...
Markets Update: What Investors Are Watching
17 Apr 2020
Contributed by Lukas
As volatility continues in the public markets, Meena Flynn of Goldman Sachs’ Consumer and Investment Management Division gives her analysis on the l...
How Markets Have “Changed Forever”
16 Apr 2020
Contributed by Lukas
Ashok Varadhan, global co-head of Goldman Sachs’ Global Markets Division, talks about how financial trading has adapted to a primarily remote workfo...
Markets Update: CEO David Solomon Shares His Perspectives on the Current Environment
09 Apr 2020
Contributed by Lukas
Goldman Sachs Chairman and CEO David Solomon shares his views on the pandemic and the economic impact, alongside other of the firm’s senior leaders....
COVID-19’s Impact on US Small Businesses
08 Apr 2020
Contributed by Lukas
In this episode, Margaret Anadu, head of Goldman Sachs’ Urban Investment Group, talks about COVID-19’s impact on US small businesses and explains ...
Oil’s Seismic Shock
06 Apr 2020
Contributed by Lukas
The global oil market is experiencing a massive demand shock, with demand for transportation fuels sitting in the crosshairs of the coronavirus crisis...
Markets Update: Do Investors Think the S&P 500 Has Bottomed Out?
03 Apr 2020
Contributed by Lukas
Anne Marie Darling of Goldman Sachs’ Global Markets Division analyzes the S&P 500 index’s historically fast fall into bear market territory and sh...
Client Call: Market Volatility and Potential Economic Impacts
01 Apr 2020
Contributed by Lukas
In an effort to provide timely and valuable updates regarding ongoing market volatility and potential economic impacts, we’re sharing a “Market Up...
Markets Update: Europe and COVID-19
27 Mar 2020
Contributed by Lukas
Andrew Wilson of Goldman Sachs Asset Management explains how volatility in U.S. financial markets from the COVID-19 outbreak is playing out across Eur...
Roaring Into Recession
26 Mar 2020
Contributed by Lukas
Coronavirus has pushed the global economy into a recession of historic proportions and halted the longest-lasting equity bull market on record. As inf...
Update on US Growth and Earnings Forecasts, and Expected Stimulus Programs
23 Mar 2020
Contributed by Lukas
Goldman Sachs’ top economists and strategists discuss revised forecasts for the US economy and corporate earnings and the prospect of federal stimul...
Markets Update: How COVID-19 Is and Isn't Like the '08 Financial Crisis
20 Mar 2020
Contributed by Lukas
Joe Montesano, head of Americas Equity Trading for Goldman Sachs, analyzes how the coronavirus pandemic continues to add volatility to markets. Montes...
Re-thinking How We Work During a Pandemic
17 Mar 2020
Contributed by Lukas
Amid the uncertainty surrounding the coronavirus pandemic, Goldman Sachs’ global medical director Dr. Michael Rendel joins by phone to talk about wh...
Markets Update: The Fed's Recent Efforts to Increase Liquidity
13 Mar 2020
Contributed by Lukas
Alex Blanchard of Goldman Sachs' Global Markets Division analyzes the Fed's recent decisions to increase liquidity amidst market volatility. Learn mo...
After a Sharp Drop in Prices, What's Next for Oil?
10 Mar 2020
Contributed by Lukas
Jeff Currie, global head of Commodities Research for Goldman Sachs, explains the latest on the price war in the oil market. Learn more about your ad...
Markets Update: March 6, 2020
06 Mar 2020
Contributed by Lukas
Amelia Garnett of Goldman Sachs' Global Markets Division provides a quick update on how investors are responding to ongoing volatility around coronavi...
How Computational Biology is Transforming Drug R&D
03 Mar 2020
Contributed by Lukas
The latest episode of Exchanges at Goldman Sachs premieres a new monthly feature: An examination of a topic at the center of conversations in the vent...
2020’s Black Swan: Coronavirus
03 Mar 2020
Contributed by Lukas
Amid many concerns heading into 2020, the event that no one expected was the outbreak of COVID-19—a coronavirus that first emerged in the populous c...
Markets Update: Coronavirus
28 Feb 2020
Contributed by Lukas
After a volatile week in markets, Erin Riley of Goldman Sachs’ Consumer and Investment Management Division talks about how coronavirus is weighing o...
From “Fish Out of Water” to Wall Street Changemaker
25 Feb 2020
Contributed by Lukas
Sean Legister, a vice president in the Global Markets Division, talks about overcoming imposter syndrome on the Goldman Sachs trading floor and what l...
Markets Update: February 21, 2020
21 Feb 2020
Contributed by Lukas
Michael Cassell of our Global Markets Division shares the top numbers he's watching in markets right now. Learn more about your ad choices. Visit meg...
Global Market Shocks from the '87 Crash to Brexit: Lessons for Today
18 Feb 2020
Contributed by Lukas
From the 2020 Global Macro Conference in Hong Kong, Steve Strongin and Jan Hatzius of Goldman Sachs Research sat down for a discussion all about conne...
Markets Update: February 14, 2020
14 Feb 2020
Contributed by Lukas
Jordan Meer of Goldman Sachs' Renewable Power Group gives his quick take on the five numbers he's watching in renewable energy markets. Learn more abo...
Why Investing in the Longest Bull Market in History is Still a Smart Move
11 Feb 2020
Contributed by Lukas
Sharmin Mossavar-Rahmani, chief investment officer of Goldman Sachs’ Private Wealth Management Division, summarizes her team's 2020 investment outlo...
After Brexit, What’s Next for Business in Europe?
07 Feb 2020
Contributed by Lukas
Denis Coleman, co-head of Goldman Sachs' Global Financing Group in the Investment Banking Division, joins host Jake Siewert to talk about the business...
Markets Update: February 7, 2020
07 Feb 2020
Contributed by Lukas
Sarah Kiernan of Goldman Sachs' Global Markets Division gives her quick take on the five numbers she's watching in markets. Learn more about your ad c...
Investing In Climate Change
05 Feb 2020
Contributed by Lukas
In this episode, we dig into what may be the most important issue of our time: climate change. On the heels of a climate-focused World Economic Forum ...
Goldman Sachs CFO Stephen Scherr Recaps the Firm’s First-Ever Investor Day
31 Jan 2020
Contributed by Lukas
This week, Goldman Sachs opened its doors for its first-ever Investor Day in its 150-year history. In this episode, Goldman Sachs CFO Stephen Scherr r...
What’s Next for the Airline Industry?
17 Jan 2020
Contributed by Lukas
Scott Rubner of Goldman Sachs Global Markets talks through the five numbers he’s watching in markets, from $671 billion of money market inflows to t...
How are “Carbonomics” Reshaping the Energy Industry?
10 Jan 2020
Contributed by Lukas
To start the episode, Goldman Sachs' Oscar Ostlund talks through the five numbers he’s watching in markets, from China’s debt-to-GDP ratio to the ...
What’s the Outlook for the US Stock Market in 2020?
06 Jan 2020
Contributed by Lukas
David Kostin, chief US equity strategist for Goldman Sachs Research, discusses his team's forecasts for US stocks in the year ahead. But before that, ...
Is Sustainable Finance the Next Big Commercial Opportunity?
15 Dec 2019
Contributed by Lukas
In this episode, John Goldstein, head of Goldman Sachs’ Sustainable Finance Group, talks about the firm’s recent sustainability announcement to i...
What’s Ahead for Europe’s Economy in 2020?
09 Dec 2019
Contributed by Lukas
In this episode, Jake Siewert sits down with Jari Stehn of Goldman Sachs Research to discuss his team’s outlook for Europe’s economy in 2020. “W...
Fiscal Focus
02 Dec 2019
Contributed by Lukas
With monetary policy, conducted by central banks, nearly exhausted in the major economies and low interest rates globally, whether fiscal policy, cond...
How Are Healthcare CEOs Steering Through Uncertainty?
18 Nov 2019
Contributed by Lukas
Healthcare CEOs in the US are “trying to set course in an otherwise unpredictable, highly uncertain world,” according to this episode’s guest, M...
Why Startups Shouldn’t All Be Pitched As ‘Tech Companies’
30 Oct 2019
Contributed by Lukas
The latest episode of Exchanges at Goldman Sachs was recorded at the firm’s recent 2019 Builders + Innovators Summit, which convened nearly one hund...
Growth and Geopolitical Risk
16 Oct 2019
Contributed by Lukas
The market has once again been gripped by recession fears at the same time that geopolitical and policy risk is flaring up. Some of these risks—like...
What’s Next for Direct Listings and IPOs?
11 Oct 2019
Contributed by Lukas
What’s all the buzz around direct listings? How are companies weighing IPOs vs. alternatives to raising capital in the public markets? Those questio...
What’s on David Solomon’s Mind as He Enters Year Two as CEO?
01 Oct 2019
Contributed by Lukas
In this episode, David Solomon reflects on his first year as Goldman Sachs CEO: “I've been very focused on making sure that our client focus is at t...
How Can Cities Adapt to Climate Change?
25 Sep 2019
Contributed by Lukas
Adapting to a warmer world could drive one of the largest infrastructure build-outs in history, according to a new report from Goldman Sachs’ Global...
What’s It Really Like to Be a Goldman Sachs Intern?
19 Sep 2019
Contributed by Lukas
What’s it like to be a Goldman Sachs intern? In this episode, two interns from this past summer talk about their experiences at GS, as well as what ...
Currency Wars
17 Sep 2019
Contributed by Lukas
President Trump has voiced concern that a strong Dollar is damaging US competitiveness. Of course, exchange rates do matter for trade, and the US' non...
Why Does Goldman Sachs President and COO John Waldron View Himself as COO First and President Second?
13 Sep 2019
Contributed by Lukas
John Waldron is a busy man. He’s almost a year into his role as Goldman Sachs COO and President, and he’s also a father of six. In this episode, W...
What Can Wall Street and Silicon Valley Learn From Each Other?
03 Sep 2019
Contributed by Lukas
Technology is changing the structure of the financial industry, says Marty Chavez, global co-head of the Goldman Sachs Securities Division. In this ep...
Top of Mind: Dissecting the Market Disconnect
22 Aug 2019
Contributed by Lukas
For this special episode of Exchanges, we’re running our newest podcast, Top of Mind at Goldman Sachs. Hosted by Allison Nathan, a senior strategist...
Central Bank Independence
13 Aug 2019
Contributed by Lukas
The US Federal Reserve’s sharp pivot toward easing amid substantial White House pressure has raised concerns about central bank independence, as hav...
Ride Hailing, Electric Scooters, Even Flying Cars – What’s Next for the Mobility Market?
25 Jul 2019
Contributed by Lukas
The next 10 years of mobility will bring more change in the way that people and products move than any decade since the invention of the automobile, G...
Dissecting the Market Disconnect
16 Jul 2019
Contributed by Lukas
With the US expansion now the longest on record and no shortage of risks on the horizon, growth uncertainty is Top of Mind. This uncertainty has been ...
Where Are Retailers Looking For Growth?
03 Jul 2019
Contributed by Lukas
In this episode, Jennifer Davis, head of retail investment banking for Goldman Sachs, explains how retailers are expanding their growth strategies aga...
Does Human Behavior Move the Markets?
26 Jun 2019
Contributed by Lukas
Although financial markets tend to be explained largely in quantitative terms, human behavior still plays a major role in driving price action, says S...
What is Alternative Risk Premia and Why are Investors Excited About It?
10 Jun 2019
Contributed by Lukas
While systematic investing has origins in academia dating back to the 1950s, only in the past several years has it evolved into practical applications...
Trade Wars 3.0
07 Jun 2019
Contributed by Lukas
The prospect of a larger and longer trade war has increased as US-China trade negotiations have taken a turn for the worse and President Trump has ope...
Is Womenomics Working?
30 May 2019
Contributed by Lukas
When Kathy Matsui first published research on "Womenomics," exploring the economic outcomes of women in the workforce, Japan had one of the lowest fem...
What's the Business Case for Investing in America's Low-Income Communities?
22 May 2019
Contributed by Lukas
The 2017 tax overhaul created incentives for investing in certain low-income communities across America, or "opportunity zones" as they're called. In ...
EU Elections: What’s at Stake?
10 May 2019
Contributed by Lukas
Elections for the European Parliament taking place May 23-26 are setting up to be exceptionally important given the rise of populist and nationalist f...
Why Do Smaller Companies Receive Higher Valuations for New Initiatives?
09 May 2019
Contributed by Lukas
In this episode, Steve Strongin of Goldman Sachs Research discusses a new report from Goldman Sachs' Global Markets Institute, titled "What the Market...
What's Keeping Insurers Up at Night?
06 May 2019
Contributed by Lukas
The findings of Goldman Sachs Asset Management's (GSAM) annual insurance survey are in, and insurance companies generally believe that US markets are ...
Why Are Savings Rates Back in Focus in the UK?
30 Apr 2019
Contributed by Lukas
In the wake of the financial crisis, the low interest rate environment gave consumers little incentive to put their money into savings accounts. That'...
Buyback Realities
29 Apr 2019
Contributed by Lukas
The surge in US corporate buybacks to all-time highs in 2018 has generated public debate about the effects of buybacks on workers, companies, and the ...
What's the Role of Private Capital Markets in Europe?
23 Apr 2019
Contributed by Lukas
When banks reigned in their lending activities after the global financial crisis, there was a gap in the market as small-to-medium sized businesses ha...
What's Next For Emerging Markets?
11 Apr 2019
Contributed by Lukas
Emerging market economies are showing early signs of stabilization, according to Kevin Daly of Goldman Sachs Research, and a number of the factors tha...
How is Tech Reshaping the City Skyline?
01 Apr 2019
Contributed by Lukas
Technology is changing the physical layout of cities, says Jim Garman, who runs real estate investing for Goldman Sachs' Merchant Banking Division in ...
Why ESG is Becoming a 'Business Imperative' for Asset Managers
25 Mar 2019
Contributed by Lukas
Integrating ESG - environmental and social governance - into asset managers' portfolios is becoming a "business imperative," says Richard Manley, head...