UBS On-Air: Market Moves

Sustainable Investing Perspectives: COP29 preview

03 Nov 2024

Contributed by Lukas

On this episode, Andrew Lee and Lucy Thomas preview the upcoming COP29 (2024 United Nations Climate Change Conference) in Baku, Azerbaijan, including ...

Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 17)

01 Nov 2024

Contributed by Lukas

On this episode of Viewpoints, Burkhard acknowledges how the US equity market rally has stalled, this against a backdrop of mostly upbeat Q3 corporate...

Top of the Morning: October Jobs Report, and the week ahead

01 Nov 2024

Contributed by Lukas

As we close out the trading week, Brian and Paul weigh in on the latest jobs data, and what it means for the health of the US economy, along with the ...

UBS On-Air: Paul Donovan Daily Audio 'Distorted data and political perceptions'

01 Nov 2024

Contributed by Lukas

It is US employment report Friday. This report is distorted by hurricanes, strike action, and the fact that the data is always wrong. Taking a broad s...

Talking Markets Podcast with Anwiti Bahuguna of Northern Trust Asset Management

31 Oct 2024

Contributed by Lukas

Anwiti Bahuguna serves as Chief Investment Officer of global asset allocation, and portfolio manager for Northern Trust Asset Management. Anwiti shar...

UBS On-Air: Paul Donovan Daily Audio 'A peek at the hedonism of US consumers'

31 Oct 2024

Contributed by Lukas

After the excitement of yesterday’s GDP data, today investors are granted another peek into the hedonistic lifestyle of the US consumer. Personal in...

Washington Weekly Podcast: A look at polling and the campaign trail

30 Oct 2024

Contributed by Lukas

With Election Day just days away, Shane drops by to update on what swing state polling is pointing to, and how the Presidential candidates are spendin...

Talking Markets Podcast with Dan Suzuki of Richard Bernstein Advisors

30 Oct 2024

Contributed by Lukas

Dan Suzuki serves as the Deputy Chief Investment Officer for Richard Bernstein Advisors (RBA). Dan drops by the 1285 podcast studio in New York to sh...

UBS On-Air: Paul Donovan Daily Audio 'Dodgy data does not change the story'

30 Oct 2024

Contributed by Lukas

Third quarter GDP data comes out of some European economies, and the US. The data will be wrong because (as recent US revisions so clearly demonstrate...

Top of the Morning: What’s driving the volatility in rates?

29 Oct 2024

Contributed by Lukas

Leslie stops by to explain the factors that are driving rate volatility, along with potential US election outcome implications for fixed income invest...

UBS On-Air: Paul Donovan Daily Audio 'Polls and prices'

29 Oct 2024

Contributed by Lukas

US job vacancy data is due. The survey response rate for this data is so low as to class those who do bother to respond as peculiar. Moreover, the dat...

Top of the Morning: CIO Strategy Snapshot - Waiting to exhale

28 Oct 2024

Contributed by Lukas

With Election Day roughly a week away, combined with the upcoming October employment report, November FOMC meeting, and an abundance of Q3 corporate e...

UBS On-Air: Paul Donovan Daily Audio 'Overwhelmed with politics'

28 Oct 2024

Contributed by Lukas

Japan’s governing coalition lost its majority in the Diet lower house. Prime Minister Ishida signaled that he does not intend to resign, but a third...

CIO Global Livestream - How will the US economy land?

25 Oct 2024

Contributed by Lukas

In this livestream, Global Head of Investment Communications Kiran Ganesh and colleagues discussed the implications for Fed easing and US equities, wh...

UBS On-Air: Paul Donovan Daily Audio 'A lesson in why data are not dependable'

25 Oct 2024

Contributed by Lukas

US Michigan consumer sentiment is due, including the inflation expectations reading. Is this useful information? It is not. The data will be distorted...

Talking Markets Podcast with Patricia Zobel of Guggenheim Partners

24 Oct 2024

Contributed by Lukas

Patricia Zobel serves as Head of Macroeconomic Research and Market Strategy for Guggenheim Partners Investment Management, and previously served as an...

Top of the Morning: Emerging Markets - Opportunities ahead

24 Oct 2024

Contributed by Lukas

Our conversation revisits the emerging markets as we explore opportunities across equities and bonds, along with touch on what investors should keep i...

UBS On-Air: Paul Donovan Daily Audio 'Very modest, very mindful, very demure'

24 Oct 2024

Contributed by Lukas

The authors of the latest Federal Reserve Beige Book are clearly followers of TikTok memes. The economy was described as being modest and demure (actu...

Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 16)

23 Oct 2024

Contributed by Lukas

On this episode of Viewpoints, Burkhard weighs diverging viewpoints when it comes to the condition and health of the US economy, along with whether th...

UBS On-Air: Paul Donovan Daily Audio 'Cutting rates, and signaling rate cuts'

23 Oct 2024

Contributed by Lukas

ECB President Lagarde is set to speak again. It is very unlikely that the last 24 hours have changed the world view of the ECB president. The tone of ...

Top of the Morning: UBS CEO Macro Briefing Book - Quarterly update

22 Oct 2024

Contributed by Lukas

We spotlight the latest edition of the quarterly UBS CEO Macro Briefing book as we explore how business owners and investors feel about the upcoming U...

UBS On-Air: Paul Donovan Daily Audio 'Central bankers and bonds'

22 Oct 2024

Contributed by Lukas

Yesterday’s pontification of Federal Reserve speakers created a stir in bond markets. There were a range of views expressed, from “keep on cutting...

How should I be positioned? with Ron Temple (Lazard Asset Management) and Jason Draho (UBS CIO)

21 Oct 2024

Contributed by Lukas

On this episode, Jason and Ron meet in-studio to discuss investment considerations and opportunities as it relates to potential outcome scenarios of t...

Top of the Morning: CIO Strategy Snapshot - The 5% landing (UBS House View)

21 Oct 2024

Contributed by Lukas

As talk of a “no landing” scenario for the US economy has reemerged, Jason weighs whether the US economy has already landed, though with a 5% nomi...

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

21 Oct 2024

Contributed by Lukas

German September producer prices are expected to stay in deflation (this is not a surprise, they have been in deflation for over a year). While other ...

UBS On-Air: Paul Donovan Daily Audio 'The global consumer'

18 Oct 2024

Contributed by Lukas

US data once again reminded investors of the wisdom of never underestimating the hedonism of the US consumer. September retail sales were strong (the ...

Top of the Morning: Preferreds - Sector update and outlook

17 Oct 2024

Contributed by Lukas

As we look towards year-end, Frank Sileo drops by the studio to provide a performance update and outlook for the preferred securities sector. We also...

UBS On-Air: Paul Donovan Daily Audio 'Rate cuts, fun, and sentiment'

17 Oct 2024

Contributed by Lukas

The ECB meets. Final September Eurozone consumer price data should confirm that inflation has fallen almost nine percentage points from its peak, and ...

Around the Horn: Fixed Income Roundtable with UBS Asset Management

16 Oct 2024

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 on...

UBS On-Air: Paul Donovan Daily Audio 'Raising US taxes'

16 Oct 2024

Contributed by Lukas

Former US President Trump suggested tariffs of up to 2,000% on cars imported from Mexico (an unconventional interpretation of NAFTA). US and European ...

Washington Weekly Podcast: Hurricane relief, Middle East tensions, Decision 2024

15 Oct 2024

Contributed by Lukas

Our conversation updates on relief and recovery efforts for hurricane-impacted states, recent developments surrounding growing tensions across the Mid...

UBS On-Air: Paul Donovan Daily Audio 'Surveys may not signal much'

15 Oct 2024

Contributed by Lukas

UK labor market data are due. Employment is not a constraint on British consumers (and unemployment data come with quality health warnings). Average e...

Top of the Morning: CIO Strategy Snapshot - Sources for volatility

14 Oct 2024

Contributed by Lukas

As we begin a new trading week, Jason takes inventory of potential sources for volatility in the coming weeks, as it relates to uncertainty surroundin...

UBS On-Air: Paul Donovan Daily Audio 'China talks rather than acts'

14 Oct 2024

Contributed by Lukas

China’s much anticipated economy ministry press conference over the weekend did not give much detail. There were hints, and suggestions, and promise...

Top of the Morning: The week in review and preview

11 Oct 2024

Contributed by Lukas

As we conclude another trading week, Matt reflects on the latest round of inflation data, along with recaps the September FOMC meeting minutes. We al...

UBS On-Air: Paul Donovan Daily Audio 'Let them eat eggs?'

11 Oct 2024

Contributed by Lukas

US September consumer price data signaled disinflationary trends. Food prices have disproportionate political importance, but around 40% of the monthl...

UBS On-Air: Paul Donovan Daily Audio 'Disinflation due'

10 Oct 2024

Contributed by Lukas

US September consumer price inflation should show a slower rate of growth in the headline measure. Now that the Federal Reserve has finally started it...

How should I be positioned? with Ken Caplan (Blackstone) and Jason Draho (UBS CIO)

09 Oct 2024

Contributed by Lukas

On this episode, Jason and Ken meet in-studio to discuss investment considerations and opportunities across Artificial Intelligence, private markets, ...

UBS On-Air: Paul Donovan Daily Audio 'The theater of the Federal Reserve'

09 Oct 2024

Contributed by Lukas

The minutes of the last Federal Reserve meeting are due, and should be fascinating. This meeting cut interest rates by 50bps, and had the first Fed go...

CIO House View Monthly Livestream (October)

08 Oct 2024

Contributed by Lukas

October House View live conversation, featuring insights from Leslie Falconio, Head of Taxable Fixed Income Strategy, CIO Americas, and Paul Hsiao, As...

UBS On-Air: Paul Donovan Daily Audio 'Is talk cheap?'

08 Oct 2024

Contributed by Lukas

New York Federal Reserve President Williams—a genuine economist, who should thus be listened to —signaled that the Fed is happy with the state of ...

Top of the Morning: CIO Strategy Snapshot - Hot stuff

07 Oct 2024

Contributed by Lukas

On this week’s Snapshot, Jason reflects on the latest round of jobs data and weighs what a better-than-expected growth outlook means for the Fed’s...

UBS On-Air: Paul Donovan Daily Audio 'No recession, but possible resentment'

07 Oct 2024

Contributed by Lukas

The US employment report last week was wrong, because the data always is. However, the general direction of US employment signals an economy very far ...

Top of the Morning: September Jobs Report, and the week ahead

04 Oct 2024

Contributed by Lukas

As we close out the trading week, Brian and Paul weigh in on the latest jobs data, and what it means for the health of the US economy, along with the ...

UBS On-Air: Paul Donovan Daily Audio 'Thrilling times'

04 Oct 2024

Contributed by Lukas

It is US employment report Friday, the monthly celebration of dubious quality data that always thrills markets. Looking at the broad picture of the US...

Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 15)

03 Oct 2024

Contributed by Lukas

On this episode of Viewpoints, Burkhard turns focus to the notable rally across Chinese markets in recent time, and speaks to how investors should int...

UBS On-Air: Paul Donovan Daily Audio 'Confirming expectations'

03 Oct 2024

Contributed by Lukas

The economic calendar is strewn with irrelevancies in the form of business sentiment opinion polls. For-profit polls crave the oxygen of publicity, bu...

CIO Global Livestream: Rates, votes and volatility

02 Oct 2024

Contributed by Lukas

Hear from Mark Haefele, GWM Chief Investment Officer, Kiran Ganesh, Global Head of Investment Communications, Jason Draho, Head of Asset Allocation fo...

UBS On-Air: Paul Donovan Daily Audio 'Escalating violence'

02 Oct 2024

Contributed by Lukas

Markets have responded to escalating violence in the Middle East. Overnight missile attacks by Iran against Israel differed from those in April—ther...

Top of the Morning: Emerging Markets - A supportive Fed easing at last

01 Oct 2024

Contributed by Lukas

With the Fed’s easing cycle underway, we examine how central banks across the EM landscape are moving toward accommodative policies, and the implica...

UBS On-Air: Paul Donovan Daily Audio 'Scrambling (with more dignity)'

01 Oct 2024

Contributed by Lukas

The US vice-presidential debate is more political entertainment than market relevant. Investors are interested in policy details, and election probabi...

Top of the Morning: CIO Strategy Snapshot - Coming up roses

30 Sep 2024

Contributed by Lukas

As the third quarter concludes, we take stock of the US economy and financial markets heading into the fourth quarter, as well as other geopolitical m...

UBS On-Air: Paul Donovan Daily Audio 'Politics and markets may diverge'

30 Sep 2024

Contributed by Lukas

Politics can dominate headlines without creating meaningful consequence for financial markets. Escalating military action in the Middle East is an exa...

Top of the Morning: US Financials - Sector update and outlook

29 Sep 2024

Contributed by Lukas

Brad rejoins the podcast to discuss the investment thesis behind CIO’s most preferred view of the US financials sector. We cover a performance upda...

Washington Weekly Podcast: UN General Assembly, Government funding, Decision 2024

27 Sep 2024

Contributed by Lukas

We close out a busy week by recapping the annual UN General Assembly in New York, how an agreement was reached to avoid a shutdown of the US governmen...

Top of the Morning: Muni Market Guide - Abundant supply tempers performance

27 Sep 2024

Contributed by Lukas

With the relaunch of the Municipal Market Guide publication series, Sudip drops by the studio to discuss performance trends across the muni market, al...

Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 14)

27 Sep 2024

Contributed by Lukas

As September quickly draws to a close, Burkhard reflects on how this traditionally turbulent month for investors has not proven as such here in 2024. ...

UBS On-Air: Paul Donovan Daily Audio 'Stop name calling'

27 Sep 2024

Contributed by Lukas

Yesterday’s US GDP revisions offered several lessons to investors. The tendency for many countries to revise economic activity frequently, significa...

Top of the Morning: A timely discussion on the latest China stimulus announcement

26 Sep 2024

Contributed by Lukas

In the wake of new economic stimulus measures announced by China’s central bank, Xingchen Yu drops by to review the announced measures, what they’...

Top of the Morning: Fixed Income Strategist - Beginning our initial descent

26 Sep 2024

Contributed by Lukas

Leslie and Barry rejoin for a deeper dive look into the implications of the Fed’s commencement of policy easing to fixed income assets, in particula...

UBS On-Air: Paul Donovan Daily Audio 'Data, and why data dependency is bad'

26 Sep 2024

Contributed by Lukas

The US offers the “final” revisions to second-quarter GDP alongside annual data revisions. Declining real-time date reliability means that revisio...

Talking Markets with Jeffrey Gundlach, Founder, DoubleLine Capital

25 Sep 2024

Contributed by Lukas

A fireside chat which covers the current market and macro environment, including thoughts around the US economy, the Fed, the upcoming US election, an...

UBS On-Air: Paul Donovan Daily Audio 'Policy versus emotion'

25 Sep 2024

Contributed by Lukas

Policy interests markets, but few voters. Emotion tends to be more important in elections. The global rise of economic nationalism is rooted in emotio...

Top of the Morning: US election implications for sustainability

24 Sep 2024

Contributed by Lukas

It’s Climate Week in New York! Amantia drops by the studio to outline the focus items of Climate Week, this as part of the annual United Nations Ge...

UBS On-Air: Paul Donovan Daily Audio 'Drama, or just theater?'

24 Sep 2024

Contributed by Lukas

China’s central bank cut interest rates and reserve requirements, eased home ownership regulation, and proposed support for equity markets. The meas...

Top of the Morning: CIO Strategy Snapshot - Get Ready (UBS House View)

23 Sep 2024

Contributed by Lukas

We kick off the trading week by reviewing the latest UBS House View and positioning recommendations. Jason also weighs whether the Fed’s aggressive...

UBS On-Air: Paul Donovan Daily Audio 'Scrambling, not panicking'

23 Sep 2024

Contributed by Lukas

There are a few Federal Reserve speakers scheduled, freed from the self-imposed silence that precedes a policy decision. Fed President Bostic, talking...

CIO Fixed Income Roundtable Series: Post-FOMC edition

20 Sep 2024

Contributed by Lukas

In the wake of the Fed’s decision to cut interest rates for the first time in four years, the CIO fixed income team spends time reflecting on the po...

UBS On-Air: Paul Donovan Daily Audio 'Economists versus politicians'

20 Sep 2024

Contributed by Lukas

US politics keeps resurrecting ideas from the 1970s—most recently questioning central bank independence. Some economists argue that Federal Reserve ...

Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 13)

19 Sep 2024

Contributed by Lukas

On this week’s episode of Viewpoints, Burkhard reacts to yesterday’s decision by the FOMC to cut interest-rates for the first time in four years, ...

UBS On-Air: Paul Donovan Daily Audio 'An emergency cut without an emergency'

19 Sep 2024

Contributed by Lukas

The US rate-cutting cycle began with a 50bp cut—the sort of move normally reserved for an economic emergency. The US has near full employment, stead...

CIO First Take: September FOMC meeting

18 Sep 2024

Contributed by Lukas

Join Jason Draho, Head of Asset Allocation Americas, and Brian Rose, Senior Economist Americas, for thoughts and reflections on the outcome of the Sep...

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

18 Sep 2024

Contributed by Lukas

Finally, several months later than it should, the Federal Reserve will cut rates today. Stressing data dependency when data are not dependable has led...

Top of the Morning: Should you harvest capital gains at today’s rate?

18 Sep 2024

Contributed by Lukas

Our conversation focuses on considerations around tax management, namely if the capital gains tax rates go higher, does it make sense to harvest capit...

Top of the Morning: Election 2024 - Critical takeaways for global entrepreneurs

17 Sep 2024

Contributed by Lukas

As Election Day in the US quickly approaches, Paul drops by the studio to outline the economic agendas of both candidates, and reviews the implication...

UBS On-Air: Paul Donovan Daily Audio 'Hedonism day'

17 Sep 2024

Contributed by Lukas

It is hedonism day in the US, with the release of August retail sales data. Two limits to the data. This is a value measure, and US goods prices have ...

Washington Weekly Podcast: Post-debate polling, China legislation, Government funding

16 Sep 2024

Contributed by Lukas

We begin by updating on the second assassination attempt of former President Trump, and where that investigation stands. We also discuss where negoti...

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

16 Sep 2024

Contributed by Lukas

The big event this week is the anticipated commencement of Fed rate cuts. Joining us to discuss outcome expectations, potential market response, and ...

UBS On-Air: Paul Donovan Daily Audio 'Rate cuts are coming'

16 Sep 2024

Contributed by Lukas

Market attention is focused on the Federal Reserve meeting this week. A rate cut is clearly expected (and long overdue), as inflation pressures contin...

Top of the Morning: The week in review and preview

13 Sep 2024

Contributed by Lukas

As we close out another trading week, Matt drops by the podcast to reflect on recent equity market return drivers, along with recaps this week’s inf...

UBS On-Air: Paul Donovan Daily Audio 'The US and China – different consumers'

13 Sep 2024

Contributed by Lukas

The US has more people employed, working longer hours, for more pay. Last Friday’s employment report essentially summarized a soft economic landing....

UBS ElectionWatch 2024: After the debate - Reaction and implications

12 Sep 2024

Contributed by Lukas

The team discusses takeaways from the first presidential debate between Vice President Harris and former President Trump, CIO’s latest views on the ...

Macro Monthly Podcast with UBS Asset Management

12 Sep 2024

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.

UBS On-Air: Paul Donovan Daily Audio 'Real world spending power and soft landings'

12 Sep 2024

Contributed by Lukas

The European Central Bank is expected to ease rates a quarter point today, as it continues its policy of following inflation lower. Seen over a proper...

Top of the Morning: Energy Transition(s)

11 Sep 2024

Contributed by Lukas

Our conversation revisits the progress of energy transitions across the globe, as growing global energy demand and regional geopolitics are making tra...

Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 12)

11 Sep 2024

Contributed by Lukas

This week on the Viewpoints podcast, Burkhard returns following a late-summer hiatus to bring us up to speed on how the global market and macro landsc...

UBS On-Air: Paul Donovan Daily Audio 'Politics, and prices'

11 Sep 2024

Contributed by Lukas

The market consequences of the US presidential debate rested on whether it changed probabilities around the election, and whether more substantial pol...

CIO House View Monthly Livestream (Sep)

10 Sep 2024

Contributed by Lukas

Hear insights from David Lefkowitz, Head of Equities, CIO Americas, and Kurt Reiman, Head of Fixed Income and Municipal Securities, CIO Americas. Hos...

UBS On-Air: Paul Donovan Daily Audio 'Shouting matches'

10 Sep 2024

Contributed by Lukas

The only scheduled US presidential debate is after US markets have closed today. This is near enough to the election for investors to care. Investors’...

Top of the Morning: CIO Strategy Snapshot - Back to school

09 Sep 2024

Contributed by Lukas

The Snapshot is back in session with a busy stretch of weeks ahead - Jason reflects on the current state of the US economy and recent market performan...

UBS On-Air: Paul Donovan Daily Audio 'The US and China – different consumers'

09 Sep 2024

Contributed by Lukas

The US has more people employed, working longer hours, for more pay. Last Friday’s employment report essentially summarized a soft economic landing....

Top of the Morning: August Jobs Report, and the week ahead

06 Sep 2024

Contributed by Lukas

The latest employment report is in - Brian stops by to provide thoughts around the health of the US labor market, and what this latest data means for ...

UBS On-Air: Paul Donovan Daily Audio 'The employment roulette wheel'

06 Sep 2024

Contributed by Lukas

Just one month ago, markets were panicked by the release of an unreliable labor market signal, distorted by seasonal peculiarities. Now, once again, i...

UBS On-Air: Paul Donovan Daily Audio 'Constraining capital'

05 Sep 2024

Contributed by Lukas

The Washington Post reports that US President Biden will prevent Japan’s Nippon Steel from acquiring US Steel, citing national security grounds. The...

Washington Weekly Podcast: Legislative agenda, Decision 2024 update

04 Sep 2024

Contributed by Lukas

As Congress returns from summer recess, and the race for the White House heats up, Shane drops by to outline legislative priorities over the next few ...

UBS On-Air: Paul Donovan Daily Audio 'Don’t blame the ISM'

04 Sep 2024

Contributed by Lukas

Equity markets had one of their funny turns yesterday. Some commentators, searching for scapegoats, want to blame the US ISM manufacturing sentiment p...

Top of the Morning: Emerging Markets - Patiently awaiting the US elections

03 Sep 2024

Contributed by Lukas

As Election Day in the US quickly approaches, Alejo stops by the studio to outline the implications of different outcome scenarios to emerging market ...

UBS On-Air: Paul Donovan Daily Audio 'More economic nationalism'

03 Sep 2024

Contributed by Lukas

Following Canada’s decision to dramatically tax Canadian consumers of electric vehicles made in China, China has launched anti-dumping investigation...

UBS On-Air: Paul Donovan Daily Audio 'The ongoing rise of prejudice politics'

02 Sep 2024

Contributed by Lukas

In Germany, the far-right AfD won the largest share of the vote in Thuringia’s state elections. That and high support levels for the AfD and the far...

UBS On-Air: Paul Donovan Daily Audio 'Disinflation data'

30 Aug 2024

Contributed by Lukas

Disinflation data continues today. The US July personal consumer expenditure deflator is expected to show fairly stable inflation rates. It is worth r...