UBS On-Air: Market Moves

Macro Monthly Podcast with UBS Asset Management

23 Mar 2025

Contributed by Lukas

Tune in monthly to hear from UBS Asset Management’s multi-asset team for thoughts on the global macro environment, and markets.

House Call: Talking Equity Markets with UBS Asset Management

23 Mar 2025

Contributed by Lukas

Hear views on the US equity markets from Jeremy Zirin, Senior Portfolio Manager of the House View Equity Portfolios, and Head of the Private Client US...

UBS On-Air: Paul Donovan Daily Audio 'Tariffs start to show up'

21 Mar 2025

Contributed by Lukas

South Korean export data for early March recovered from lunar new year distortions. Export strength was led by ships and chips—more-consumer-oriente...

Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 29)

20 Mar 2025

Contributed by Lukas

On this week’s episode of Viewpoints, Burkhard reflects on this week’s flurry of central bank activity, and what it means for the “big rotation”...

Top of the Morning: Muni Markets - Volatility rises amid policy seesaw

20 Mar 2025

Contributed by Lukas

We check-in on recent performance of the municipal bond market against a backdrop of policy uncertainty and broader market volatility, including a loo...

UBS On-Air: Paul Donovan Daily Audio 'Sort of stagflation?'

20 Mar 2025

Contributed by Lukas

The Federal Reserve left rates unchanged, as expected. Forecasts cut economic growth projections for the next three years, to a rate well below that o...

Top of the Morning: Five actions to help manage uncertainty

19 Mar 2025

Contributed by Lukas

As volatility persists across global markets, investors have become increasingly concerned about the risk of an economic recession. While it’s temp...

Around the Horn: Fixed Income Roundtable with UBS Asset Management

19 Mar 2025

Contributed by Lukas

Hear from top portfolio managers and business heads from UBS Asset Management’s Muni, Taxable Fixed Income, and Liquidity teams. They share views o...

UBS On-Air: Paul Donovan Daily Audio 'US rates – who decides?'

19 Mar 2025

Contributed by Lukas

Yesterday, US President Trump sought to fire the two Democrat commissioners on the Federal Trade Commission. If successful, this might become a preced...

Fixed Income Conversation Corner with Clayton Triick (Angel Oak) and Leslie Falconio (UBS CIO)

18 Mar 2025

Contributed by Lukas

Our conversation focuses on the landscape for residential mortgage-backed securities (RMBS), including thoughts around investment considerations. Fea...

Talking Markets Podcast with Dan Suzuki of Richard Bernstein Advisors

18 Mar 2025

Contributed by Lukas

Dan Suzuki serves as the Deputy Chief Investment Officer of Richard Bernstein Advisors (RBA). Dan shares his take on a wide range of topics that have...

UBS On-Air: Paul Donovan Daily Audio 'Changing the growth narrative'

18 Mar 2025

Contributed by Lukas

The OECD revised down estimates of US growth for this year and next. The OECD does not have any special insight (other than the extraordinary insight ...

Top of the Morning: CIO Strategy Snapshot - Decision trees

17 Mar 2025

Contributed by Lukas

As investors continue to weigh whether to buy the dips or sell the rallies, Jason suggests how assessing President Trump’s decision tree for impleme...

UBS On-Air: Paul Donovan Daily Audio 'A tale of two consumers'

17 Mar 2025

Contributed by Lukas

China’s long-awaited plan to boost domestic consumption is here (as yet without much detail). Unlike the 2024 stimulus, these proposals seem to dire...

Top of the Morning: The week in review and preview

14 Mar 2025

Contributed by Lukas

We close out a turbulent week in the markets by recapping the factors that drove the selloff, along with share an outlook for US equities and review p...

UBS On-Air: Paul Donovan Daily Audio 'The rising price of drowning sorrows'

14 Mar 2025

Contributed by Lukas

The recurring risk of a US government shutdown has receded, with some Democrat senators looking to advance legislation. Against the backdrop of damage...

Washington Weekly Podcast: Latest on Gov’t funding, Tariffs, Ukraine, CHIPS Act

13 Mar 2025

Contributed by Lukas

With the government funding deadline just hours away, Shane outlines what the proposed continuing resolution consists of, and updates on where negotia...

Top of the Morning: Gender-lens investment - The state of women in 2025

13 Mar 2025

Contributed by Lukas

March is Women’s History Month - Carey Shuffman and Amantia Muhedini join the podcast to spotlight the Gender-lens investment: The state of women in...

UBS On-Air: Paul Donovan Daily Audio 'Cutting confidence more than spending'

13 Mar 2025

Contributed by Lukas

ECB President Lagarde almost sounded like an economist yesterday, noting inflation pressures could go up or they could go down. While highlighting the...

Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 28)

12 Mar 2025

Contributed by Lukas

On this week’s episode of Viewpoints, Burkhard reflects on the absence of an anticipated “Trump-put” amidst a rotation occurring across global e...

Top of the Morning: Navigating trade turbulence - China's perspective

12 Mar 2025

Contributed by Lukas

We examine how China has been responding to challenges on the trade-front, along with highlight how ex-US markets (including China) have been performi...

UBS On-Air: Paul Donovan Daily Audio 'Powell is not a chicken farmer'

12 Mar 2025

Contributed by Lukas

US President Trump imposed and retreated from aggressive taxes on US users of Canadian steel and aluminum, and Canada retreated from a surcharge on ex...

CIO House View Monthly Livestream - March

11 Mar 2025

Contributed by Lukas

Join CIO for a discussion on tariff uncertainty, inflation, and the implications of the artificial intelligence rally, hosted by Anthony Pastore and f...

AI growth opportunity & six ways to invest in Europe

11 Mar 2025

Contributed by Lukas

As potential risks around macro-and tariff-related uncertainties emerge in 2025, how should investors position in tech and take advantage of increasin...

UBS On-Air: Paul Donovan Daily Audio 'When economics takes over'

11 Mar 2025

Contributed by Lukas

Equity markets are not just about economics (equity analysts do not always listen to economists). However, shifting perceptions of economic risk seem ...

Top of the Morning: CIO Strategy Snapshot - The most important statistic

10 Mar 2025

Contributed by Lukas

As US growth concerns persist, Jason explores how at risk the economy is of slowing (and the possibility of sliding into a recession). We also cover ...

UBS On-Air: Paul Donovan Daily Audio 'Deflation and inflation'

10 Mar 2025

Contributed by Lukas

China’s consumer prices moved into deflation in February. Some of this is due to the timing of the lunar new year, and some of it is the impact of w...

Top of the Morning: Feb Jobs Report, Tariffs, Inflation data & more

07 Mar 2025

Contributed by Lukas

We close out the trading week by assessing the latest round of jobs data, and what the numbers indicate about the health of the US labor market. Plus...

UBS On-Air: Paul Donovan Daily Audio 'Tax and retreat'

07 Mar 2025

Contributed by Lukas

Having imposed aggressive taxes on US consumers at the start of the week, US President Trump partially retreated from taxing Mexican and Canadian imp...

Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 27)

06 Mar 2025

Contributed by Lukas

On this week’s episode of Viewpoints, Burkhard reflects on the big rotation unfolding across global markets, with the recent outperformance of globa...

Across the Pond: Is Germany’s chancellor-in-waiting Merz the comeback kid?

06 Mar 2025

Contributed by Lukas

Germany’s chancellor-in-waiting, Friedrich Merz, has promised “independence” from the US, having become convinced that the Trump administration ...

UBS On-Air: Paul Donovan Daily Audio 'Taxes, spending, and rate cuts'

06 Mar 2025

Contributed by Lukas

US President Trump sounded a partial retreat from the latest trade taxes, granting US car companies a one-month exemption for car parts traded under t...

CIO Global Livestream: Navigating political uncertainties - Risks and opportunities

05 Mar 2025

Contributed by Lukas

To help you navigate an evolving landscape, Global Chief Investment Officer Mark Haefele and colleagues will delve into the latest developments in US ...

UBS On-Air: Paul Donovan Daily Audio 'A disturbance in the force'

05 Mar 2025

Contributed by Lukas

US President Trump’s address to Congress echoed speeches at campaign rallies. Markets have limited interest in much of the content. Trump did sugges...

Washington Weekly Podcast: Trade policy, Ukraine, Government funding

04 Mar 2025

Contributed by Lukas

We cover a wide range of timely topics, including tariffs and US trade policy, efforts for a Russia-Ukraine peace agreement, along with US government ...

CIO Fixed Income Roundtable Series: 1Q25 performance update

04 Mar 2025

Contributed by Lukas

Hear from members of the UBS Chief Investment Office fixed income team as they provide a performance and positioning update across fixed income sub-se...

Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 39)

04 Mar 2025

Contributed by Lukas

On this week’s episode of Viewpoints, Burkhard shares his thoughts on recent geopolitical developments, and how global markets (including oil) have ...

UBS On-Air: Paul Donovan Daily Audio 'Tax attacks'

04 Mar 2025

Contributed by Lukas

US President Trump lashed out in several directions yesterday, suspending military aid to Ukraine and aggressively taxing US consumers of imports from...

Top of the Morning: CIO Strategy Snapshot - What we know

03 Mar 2025

Contributed by Lukas

While there is a lot of noise for investors to sift through, there are some things we know with relative confidence. As for other things, we will have...

UBS On-Air: Paul Donovan Daily Audio 'Taxes and data tampering'

03 Mar 2025

Contributed by Lukas

The idea of a coalition of the willing pushing for a one-month ceasefire in the Russia-Ukraine war is probably neutral, economically. Things like defe...

Fixed Income Conversation Corner with Alex Obaza (T.Rowe Price) and Leslie Falconio (UBS CIO)

02 Mar 2025

Contributed by Lukas

Our conversation outlines the current landscape for fixed income investors and where to locate opportunity within the asset class. We also discuss th...

Around the Horn: Fixed Income Roundtable with UBS Asset Management

28 Feb 2025

Contributed by Lukas

Hear from top portfolio managers and business heads from UBS Asset Management’s Muni, Taxable Fixed Income, and Liquidity teams. They share views o...

UBS On-Air: Paul Donovan Daily Audio 'Markets start to fret'

28 Feb 2025

Contributed by Lukas

Equity markets reacted to social media posts from US President Trump. Trump is often more coherent on social media than in off-the-cuff comments, and ...

UBS On-Air: Paul Donovan Daily Audio 'US President Trump’s confusion'

27 Feb 2025

Contributed by Lukas

US President Trump confused investors by appearing to delay taxing US consumers of Mexican and Canadian goods. The White House then “clarified” th...

Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 26)

26 Feb 2025

Contributed by Lukas

On this week’s episode of Viewpoints, Burkhard explains how and why market activity (and performance) has started to shift from the US to the rest o...

Top of the Morning: Strategies to improve your after-tax wealth potential

26 Feb 2025

Contributed by Lukas

Many investors want to know the possibility of changes to federal income tax policies, and what the changes might mean for their personal tax burden. ...

UBS On-Air: Paul Donovan Daily Audio 'Panem or Panglossian?'

26 Feb 2025

Contributed by Lukas

US equity markets were a little disturbed by a sharp decline in a consumer confidence survey—but these surveys are distorted by partisan politics. D...

UBS On-Air: Paul Donovan Daily Audio 'Is an avocado tax credible?'

25 Feb 2025

Contributed by Lukas

US President Trump repeated their intention to aggressively tax US consumers of goods from Canada and Mexico, starting next week. Markets do not entir...

Top of the Morning: CIO Strategy Snapshot - Policy put or policy error

24 Feb 2025

Contributed by Lukas

Jason weighs whether the main macroeconomic debate in 2025 relevant for the markets may be whether a Trump policy put is more or less likely than a po...

UBS On-Air: Paul Donovan Daily Audio 'Breaking with the past'

24 Feb 2025

Contributed by Lukas

As with many other elections in the past 12 months, the Germans voted against their incumbent government. The CDU’s Merz is expected to become the n...

Washington Weekly Podcast: Capitol Hill & Geopolitics roundup

21 Feb 2025

Contributed by Lukas

Against the backdrop of a potential shutdown of the US government next month, Shane updates us on a range of priorities being addressed by Congress. ...

Sustainable Investing Perspectives with Dan Roarty (AllianceBernstein) & Amantia Muhedini (UBS CIO)

21 Feb 2025

Contributed by Lukas

We discuss the European Union Omnibus regulations, along with Trump administration executive orders that have attracted attention to the sustainabilit...

UBS On-Air: Paul Donovan Daily Audio 'The risk of fantastic savings'

21 Feb 2025

Contributed by Lukas

US Treasury Secretary Bessent signaled that former US Treasury Secretary Yellen’s debt issuance plan would continue, implying no increase in longer-...

Top of the Morning: CEO Macro Briefing Book - Insights for Dealmakers

20 Feb 2025

Contributed by Lukas

Paul rejoins us in-studio to answer some of the most commonly asked questions our business-owner clients have regarding the M&A, Private Equity, V...

UBS On-Air: Paul Donovan Daily Audio 'Nervousness about policy'

20 Feb 2025

Contributed by Lukas

The minutes of the January Federal Reserve meeting gave a cautious policy outlook. Nervousness about the economic consequences of US President Trump’...

UBS On-Air: Paul Donovan Daily Audio 'More taxes ahead'

19 Feb 2025

Contributed by Lukas

US President Trump threatened more taxes on US consumers, focused on autos, pharmaceuticals, and semiconductors. Trump rapidly retreated from trade ta...

Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 25)

19 Feb 2025

Contributed by Lukas

On this week’s episode of Viewpoints, Burkhard reflects on his recent travels to Africa and attendance at technology conferences across Europe - she...

Across the Pond: Why Switzerland is more than just a safe haven

19 Feb 2025

Contributed by Lukas

The Swiss franc has long been a safe haven during uncertain times - second only to the US dollar for many investors. But what makes the currency of th...

Top of the Morning: CIO Strategy Snapshot - Digesting the data and policy

18 Feb 2025

Contributed by Lukas

Jason drops by the 1285 studio to share his assessment of recent economic data, including on inflation and retail sales. We also take inventory of re...

UBS On-Air: Paul Donovan Daily Audio 'Hiring and firing'

18 Feb 2025

Contributed by Lukas

UK labor market data was stronger than forecast, with some positive revisions to previous month’s data. Anguished corporate cries about tax increase...

Top of the Morning: Muni markets - Policy matters

17 Feb 2025

Contributed by Lukas

An assessment of federal policy proposals and potential implications to the muni market, along with a YTD muni performance check, and a look a muni in...

CIO House View Monthly Livestream - February

17 Feb 2025

Contributed by Lukas

Join the Chief Investment Office for a discussion on the executive order Trump signed over the weekend to impose additional tariffs on imports from Ca...

Jump Start - US economic momentum, rate cuts & gold

17 Feb 2025

Contributed by Lukas

Will new tariff policies derail economic momentum in the US? Does gold have further room to rally in 2025? Will the global easing cycle continue to ga...

UBS On-Air: Paul Donovan Daily Audio 'Keeping trade in the spotlight'

17 Feb 2025

Contributed by Lukas

Selected European countries are meeting in Paris to discuss the Russia-Ukraine war. This is not likely to be market moving. Europe has allocated about...

UBS On-Air: Paul Donovan Daily Audio 'Protectionist, or pushover?'

14 Feb 2025

Contributed by Lukas

Yesterday was US President Trump’s very big announcement on reciprocal tariffs, which turned out to be a plan to investigate taxing US consumers at ...

UBS On-Air: Paul Donovan Daily Audio 'The damage of data dependency'

13 Feb 2025

Contributed by Lukas

Yesterday’s US consumer price data provoked some unease in bond markets. This is mainly the fault of Federal Reserve Chair Powell—not because Powe...

UBS On-Air: Paul Donovan Daily Audio 'The wider politics of price rises'

12 Feb 2025

Contributed by Lukas

US January consumer price inflation will be largely unaffected by US President Trump’s trade taxes (though prices are occasionally raised in anticip...

UBS On-Air: Paul Donovan Daily Audio 'Time to plead for exceptions?'

11 Feb 2025

Contributed by Lukas

US President Trump stated there will be no exceptions to aggressively taxing US buyers of foreign metals (due to start on 4 March, giving time for US ...

Top of the Morning: CIO Strategy Snapshot - Latest on tariffs & the economy

10 Feb 2025

Contributed by Lukas

We begin the week by assessing the latest developments surrounding tariffs, recapping the January jobs report, and previewing upcoming inflation data....

UBS On-Air: Paul Donovan Daily Audio 'What tariff retreats teach us'

10 Feb 2025

Contributed by Lukas

US President Trump (temporarily) retreated from ending de minimis tariff exemptions. De minimis rules mean US consumers do not pay trade taxes on impo...

Jump Start - Chinese tariffs on the US set to take effect, Fed speak & US AI security policy

10 Feb 2025

Contributed by Lukas

In this episode, CIO's Jon Gordon provides an update on Chinese tariffs on the US coming into effect, Fed speak & US AI security policy under ...

Top of the Morning: January Jobs report, week ahead

07 Feb 2025

Contributed by Lukas

Brian shares his thoughts on the current health of the US labor market following today’s release of the January employment report. Plus, a look at ...

UBS On-Air: Paul Donovan Daily Audio 'Revising history'

07 Feb 2025

Contributed by Lukas

Today witnesses the extreme hype of US employment data. Today’s data also has annual benchmark revisions, which will confuse the headlines. Weirdly,...

Talking Markets Podcast with Kristina Hooper (Invesco)

06 Feb 2025

Contributed by Lukas

Kristina Hooper is the Chief Global Market Strategist at Invesco. We cover a wide range of topics, including a macroeconomic outlook, expectations fo...

UBS On-Air: Paul Donovan Daily Audio 'Right person, right job, right time'

06 Feb 2025

Contributed by Lukas

New US Attorney General Bondi issued a flurry of memos, allegedly including a request to investigate companies pursuing diverse and inclusive workforc...

Top of the Morning: Emerging market equities - Trade uncertainty and DeepSeek

05 Feb 2025

Contributed by Lukas

As headline developments surrounding trade uncertainty and DeepSeek persist, Xingchen drops by to discuss what this all means for emerging market equi...

UBS On-Air: Paul Donovan Daily Audio 'Trivialities and perceptions'

05 Feb 2025

Contributed by Lukas

The US postal service has stopped receiving parcels from mainland China and Hong Kong after US President Trump taxed buyers of goods from mainland Ch...

UBS On-Air: Paul Donovan Daily Audio 'Retreat repeat'

04 Feb 2025

Contributed by Lukas

US President Trump again retreated from imposing aggressive taxes on US consumers. Although taxes on goods from Mexico and Canada are in theory delaye...

Top of the Morning: CIO Strategy Snapshot - Keeping it straight

03 Feb 2025

Contributed by Lukas

Investors are weighing the announcement of new tariffs from the Trump administration, and the risks of a trade war, along with the implications of Dee...

UBS On-Air: Paul Donovan Daily Audio 'The Phantom Menace?'

03 Feb 2025

Contributed by Lukas

Economists are geeks. Star Wars parallels are tempting: US President Trump as the Trade Federation leader; Trump’s largest donor Musk as Chancellor ...

Top of the Morning: Q4 earnings update, US equity positioning

31 Jan 2025

Contributed by Lukas

As the Q4 corporate reporting season continues, Matt updates us on how the results have been coming in across equity sectors. We also discuss recent ...

UBS On-Air: Paul Donovan Daily Audio 'Time for more taxes'

31 Jan 2025

Contributed by Lukas

US President Trump reiterated their intention to aggressively tax US consumers of products from Canada and Mexico, possibly excepting oil consumers. S...

Top of the Morning: CEO Macro Briefing Book - 1Q25 update

30 Jan 2025

Contributed by Lukas

Businesses have greeted the post-election environment with optimism, yet uncertainty remains as questions surround the timing and implementation of Tr...

Across the Pond: Trump’s next truce?

30 Jan 2025

Contributed by Lukas

The returning US president has already helped broker a ceasefire between Israel and Hamas. He is now attempting to do the same for Russia and Ukraine....

UBS On-Air: Paul Donovan Daily Audio 'Policy and policy uncertainty'

30 Jan 2025

Contributed by Lukas

The Federal Reserve did nothing on rates, which seemingly displeased US President Trump. Uncertainty about the inflationary impact Trump’s policies ...

Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 24)

29 Jan 2025

Contributed by Lukas

On this week’s episode of Viewpoints, Burkhard reflects on the developments surrounding DeepSeek and the impact felt by US technology and energy com...

CIO Global Livestream: From tariffs to AI: how to navigate market volatility

29 Jan 2025

Contributed by Lukas

Host, Kiran Ganesh, and colleagues present updated tariff scenarios, explore the implications of recent advancements in AI for investors, and share st...

UBS On-Air: Paul Donovan Daily Audio 'Rates and spending'

29 Jan 2025

Contributed by Lukas

The Federal Reserve decides on rates—the market consensus is for unchanged rates today. US President Trump advocates for rate cuts, but that view po...

Fixed Income Conversation Corner with Gene Tannuzzo (Columbia Threadneedle) & Leslie Falconio (UBS CIO)

28 Jan 2025

Contributed by Lukas

A wide-ranging fixed income discussion on yields, along with where pockets of vulnerability and opportunity exist within fixed income as we enter 2025...

Washington Weekly Podcast: Tarriff timetable, Cabinet hearings, Week one recap

28 Jan 2025

Contributed by Lukas

Following what has been a busy first week in office for President Trump, Shane recaps some of the notable executive actions, developments, and travel....

UBS On-Air: Paul Donovan Daily Audio 'Efficiency versus GDP'

28 Jan 2025

Contributed by Lukas

Investors’ sudden discovery of China’s DeepSeek arguably reminds markets of the Fukushima Effect —people adapt when facing adversity (e.g. restr...

Top of the Morning: CIO Strategy Snapshot - Better Than Expected, Eh?

27 Jan 2025

Contributed by Lukas

Despite markets reacting favorably to week one of Trump 2.0, Jason explains why expectations should be managed when it comes to market price action. ...

UBS On-Air: Paul Donovan Daily Audio 'Reassuring signals?'

27 Jan 2025

Contributed by Lukas

China’s industrial profits grew in December, with profit margins seemingly more or less stable. This has a bearing beyond China’s borders because ...

Top of the Morning: Munis - Implications of California wildfires

24 Jan 2025

Contributed by Lukas

We provide a performance update and outlook for the municipal bond market, along with share views on positioning within the asset class. Plus, spend ...

UBS On-Air: Paul Donovan Daily Audio 'Setting rates'

24 Jan 2025

Contributed by Lukas

The Bank of Japan raised interest rates a quarter point, as had been signaled in the media in advance. The BoJ appears to have confidence in rising wa...

Top of the Morning: Roaring 20s - Roaring at the Midpoint

23 Jan 2025

Contributed by Lukas

Jason and Paul rejoin in-studio to share their revised assessment as to whether the US economy is still on track to mirror a “Roaring 20s” scenari...

UBS On-Air: Paul Donovan Daily Audio 'Tariffs may not “solve” everything'

23 Jan 2025

Contributed by Lukas

Japan’s December trade data had weaker imports and stronger exports than had been expected. Exports to the US declined, which rather argues against ...

Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 23)

22 Jan 2025

Contributed by Lukas

On the first episode of Viewpoints for 2025, Burkhard shares some boots-on-the-ground perspective from the annual World Economic Forum in Davos, Switz...

Top of the Morning: Sustainable Investing - 10 expectations for 2025 and beyond

22 Jan 2025

Contributed by Lukas

Amantia rejoins the conversation in-studio to share some thoughts around the implications of recently signed executive orders by President Trump as it...

House Call: Talking Equity Markets with UBS Asset Management

22 Jan 2025

Contributed by Lukas

Hear views on the US equity markets from Jeremy Zirin, Senior Portfolio Manager of the House View Equity Portfolios, and Head of the Private Client US...