Latest Interviews
Showing 31–45 of 2,157 transcripts.
Clear all filters- Goldman Sachs12 min
Why Gold Is Expected to Rise to Record Highs
Goldman Sachs and analyst Tony Kim characterize the current gold market as an elongated pause rather than a trend reversal, with prices hovering 20% below January peaks amid Federal Reserve policy uncertainty and U.S.-Iran geopolitical disruptions. Structural shifts have fundamentally altered market dynamics, as central bank purchases surge from 400 tons to over 1,000 tons annually while Indian currency defense policies constrain physical demand, creating a supply shortage that could decouple gold prices from bond yields. Strategic analysis identifies $4,000 per ounce as a critical support floor, prompting recommendations to scale into long positions ahead of upcoming CPI data that will define the Federal Reserve's immediate reaction function.
- Bank of America18 min
Shaky ‘26 for alt asset manager stocks, but steady asset inflows
TJ Thornton, Craig Siegenthaler
Following a decade of outperformance, alternative asset manager stocks face 2025–2026 headwinds from private credit concerns and AI-driven market disruption, yet have rebounded recently as valuations hit historical discounts and short positions unwind. Industry analysis identifies private credit fears as largely manufactured with returns forecast at 6%, while projecting that superior managers will capture future capital flows amid an expected bifurcation in performance. Despite private equity maturing, the sector retains defensive "never-for-seller" characteristics and significant long-term upside driven by retail adoption, operating leverage, and a future bear market that is projected to generate massive alpha through negative covariance with public equities.
- Goldman Sachs12 min
Chairman and CEO David Solomon Joins CNBC to Discuss His Outlook for the US Economy
Solomon characterizes the current U.S. economic outlook as constructive, driven by resilient consumer spending, an "enormous investment cycle," and anticipated long-term productivity gains from AI adoption despite geopolitical and trade policy headwinds. While acknowledging future fiscal recalibration and potential regulatory shifts, he asserts that credit markets remain stable with strong cash flows and views rising Treasury yields as a reflection of sound economic fundamentals rather than a calamity. Furthermore, capital markets are projected to sustain robust activity through the coming year, though Goldman Sachs notes a strategic hiring shift away from New York to regions like Dallas and Salt Lake City to navigate evolving policy and tax environments.
- The Economist6 min
Sweden’s PM on whether NATO can depend on Trump | The Economist
Trump, Ulf Kristersson, David Rennie
Sweden's strategic pivot to NATO membership alongside a pragmatic dual-track approach with the United States reduces its historical reliance on Washington by prioritizing regional cooperation and challenging U.S. policies when they conflict with core values. This shift, driven by a "trust deficit" in global defense markets, has inadvertently positioned Swedish firms like Saab as viable alternatives to American suppliers, with active negotiations for Gripen jets in Canada and broader diversification efforts to avoid "American kill switches." Ultimately, decades of domestic military investment now serve as a strategic buffer, enabling Stockholm to advocate for orderly burden-sharing while spreading security dependencies across multiple international providers.
- Y Combinator15 min
The World’s Largest Electric Aircraft Just Flew
Gustaf Alströmer, Anders Forslund, Clara
Heart Aerospace successfully flight-tested the world's largest electric airplane, a 100-foot wingspan aircraft capable of carrying 36 passengers on short-haul routes with minimal operating costs. Led by CEO Anders Forslund and co-founder Clara, the Los Angeles-based team utilized a hybrid configuration to achieve a 500-mile range while significantly reducing maintenance and noise through the replacement of traditional jet engines with electric motors. This clean-sheet design, which marks the first new American airliner in 18 years, aims to replace inefficient regional jets by leveraging existing airport infrastructure and capitalizing on current advancements in battery technology.
- The Economist10 min
How Donald Trump’s immigration crackdown is making America weaker | The Economist
Recent administrative actions have redirected deportation efforts from the southern border to the U.S. interior while simultaneously halting asylum requests and freezing visa processing for dozens of countries, resulting in near-zero irregular border crossings. These restrictive policies, which include revoking temporary protected status and raising fees for student and work visas, have coincided with a one-million-person contraction in the labor force and a 29% decline in student visa issuance. Critics warn that the resulting hostility toward specific ethnic groups and nations threatens long-term economic growth by deterring high-skilled talent and shifting the burden of national debt to a shrinking workforce.
- Goldman Sachs8 min
What Is the Outlook for Diesel and Gasoline Supplies?
Goldman Sachs analysts observe that global commodity markets have exhibited unexpected resilience against six months of Strait of Hormuz disruptions, driven by supply reallocation and significant demand destruction in China. Despite falling crude inventories, refined product markets remain critically tight due to production cuts in the Persian Gulf, Russia, and China, prompting recommendations for long crack spreads and Asian hydrocarbon positions. Future market balance hinges on a potential El Niño-induced warm winter, which would mitigate European energy competition, while geopolitical uncertainty sustains demand for defensive assets like gold and power sector equities linked to AI growth.
- Bank of America9 min
Must Read Research: Fund Manager Survey; Our New AI Tracker; Gold’s Rally and K-shape Convergence
The August 2026 Monthly Fund Manager Survey reveals a record bullish consensus with managers projecting no economic downturn and equity allocations at multi-year highs despite concerns over AI as a primary tail risk. Concurrently, the Frontier AI Tracker documents intensifying competition through significant model pricing cuts and falling token costs, even as hardware demand and memory prices remain robust. In parallel, gold prices face support from central bank accumulation and dollar weakness, while U.S. consumer spending data indicates a K-shaped convergence where lower-income households are closing the gap with higher earners.
- The Economist12 min
Yuval Noah Harari on the dangers of an AI future | The Economist
Yuval Noah Harari, Zanny Minton Beddoes
A 2026 analysis warns that AI could assume total control of financial and social systems by 2036 if human decisions regarding algorithms, trust, and regulation fail to intervene. The speaker highlights critical risks including the mass production of artificial intimacy, the erosion of truth via undetectable deepfakes, and the imminent need to ban AI legal personhood and human mimicking technologies. Immediate political action is urged to address these threats before technological acceleration reaches irreversible thresholds in late 2028.
- Goldman Sachs12 min
Why US Equity Returns Are Broadening Beyond AI Stocks
Shawn Tuteja, Chris Hussey, Sean Tatasia
Despite Q2 earnings beating expectations and broadening market participation beyond the Magnificent Seven, investor sentiment remains cautious as volatility drops and capital rotates from high-flying AI stocks into undervalued sectors like healthcare and consumer experience. Concurrently, macroeconomic pressures from bond supply dynamics, rising oil prices, and a slowing U.S. economy outlook are complicating the Federal Reserve's policy path ahead of the critical Jackson Hole symposium. Consequently, market participants are increasingly utilizing ETFs and hedging strategies to navigate geopolitical risks and potential rate shifts while earnings consensus for 2027 is revised upward.
- The Economist9 min
Will Japan bring down the world economy? | The Economist
Henry Curr, Josh Roberts, Ethan Wu
For the first time in three decades, the US and Japan executed a joint currency intervention with Treasury Secretary Scott Bessent purchasing up to $10 billion in yen to stabilize the currency. This action coincided with Japan's strategic shift toward raising interest rates from approximately -0.1% to 1% to combat inflation and the risks associated with the global yen carry trade. While analysts warn that further rate hikes could trigger a rapid unwind of this trade and global asset sell-offs, Japan retains substantial foreign reserves to manage volatility without causing a systemic collapse.
- Goldman Sachs17 min
How New Models are Changing the AI Investment Landscape
Sharmin Mossavar-Rahmani, Jim Covello
Current AI adoption faces a critical bottleneck where massive infrastructure investments fail to generate net savings for enterprises, concentrating economic value primarily with semiconductor manufacturers rather than end users. Profitable integration depends on solving data readiness and implementing model orchestration layers that route queries efficiently, a shift expected to redirect value toward the enterprise value chain through widespread open-source adoption. As hyperscalers face scrutiny over trillion-dollar capital expenditures, the market is pivoting from reward-based sentiment to demand for immediate return on investment, creating divergent outcomes based on whether enterprises can eventually achieve sustainable AI profitability.
- Bank of America9 min
Must Read Research: AI Financing, Convertibles, AI and Labor, Australian LNGs
Candace Browning, Yuri Seliger, Michael Youngworth, Stephen Juno
Analysts project hyperscalers and NVIDIA will trigger a surge in AI infrastructure financing, potentially doubling total debt issuance to $659 billion by late 2027 while convertible bonds increasingly link to AI themes. Despite high adoption rates in finance and information sectors, data indicates minimal correlation between AI exposure and overall employment growth, though construction and manufacturing roles added nearly 130,000 jobs through capital expenditures. Concurrently, Australian LNG producers face reserve replacement challenges amid constrained export volumes, prompting strategic shifts toward infrastructure efficiency as supply is expected to outpace global demand.
- The Economist7 min
What’s life like as a woman under the Taliban? | The Economist
Tom Sasse, Zanny Minton Beddoes, Hibatullah Akhundzada, Chris, Steve
Under the leadership of Emir Haibatullah Akhundzada, the Taliban has enforced sweeping restrictions that ban girls from secondary education, exclude women from public universities, and legally validate child marriage through a series of hardline decrees. Although an ideological rift exists between the Emir's isolated, ultra-conservative faction in Kandahar and moderate Taliban members who oppose these bans, Haibatullah has consolidated power using a loyal armed force to suppress internal dissent. While these measures have collapsed the public education system for females and deepened societal dissatisfaction, the Emir currently retains full authority despite expert doubts regarding the long-term sustainability of such repression.
- Goldman Sachs12 min
How Inflation and Fiscal Policy Are Driving US Treasury Markets
Mike Mitchell, Mike Washington
Following an August 12th core CPI print that met consensus at 21.5 basis points, forecasters are revising inflation expectations downward while bond market pricing implies a 9 basis point rate cut at the upcoming September Federal Open Market Committee meeting. Market participants are navigating a complex environment where heavy Treasury supply, robust corporate debt issuance for AI infrastructure, and persistent fiscal concerns are driving real yields to historically elevated levels, prompting recommendations for a yield curve steepener. With the labor market described as tepid and non-fiscal data taking precedence, attention now shifts to the August 13th PPI release and upcoming FOMC minutes to gauge the central bank's forward policy stance.