Latest Interviews
Showing 481–495 of 1,198 interview transcripts.
Clear all filters- Goldman Sachs19 min
Raising Capital: How Companies’ Financing Strategies Are Changing In Volatile Markets
Driven by Federal Reserve rate hikes and geopolitical instability, global financial markets in early 2022 shifted from accommodation to tightening conditions while robust debt markets facilitated $30 billion in leveraged buyouts and $230 billion in share buybacks. Corporate strategies prioritized capital optimization through conservative leverage, strategic spinoffs, and a pivot in SPAC activity toward profitability-driven deals as redemption rates surged to 80%. Despite heightened equity volatility and credit spread widening, strong balance sheets prepared companies to navigate uncertainty by locking in rates and focusing on resilient, regionalized growth.
- Goldman Sachs25 min
What the Fed’s Hawkish Pivot Means for Economic Growth and Markets
David Mericle, Brian Friedman, Alison Nathan
Goldman Sachs has revised its 2022 Federal Reserve interest rate hike forecast to seven increases driven by wage growth incompatible with inflation targets, projecting balance sheet reductions to begin in June. While financial conditions remain tighter with record credit outflows and equity exposure hitting yearly lows, the firm attributes greater recessionary risk to the fading of pandemic-era fiscal stimulus than to monetary policy. Consequently, the research recommends a long-equity, short-credit strategy and identifies emerging market currencies as attractive assets amid a global divergence where developing central banks have largely finished tightening.
- Goldman Sachs23 min
The Case for Commodities: ‘Super-Backwardation,’ Structural Demand and Inventory Shortages
Jeffrey Currie, Allison Nathan, Jeff Curry
Markets in early 2022 face a critical commodity supercycle driven by decade-long underinvestment in traditional energy and metals sectors alongside surging demand from decarbonization and restored low-income consumption. While central banks signal tighter monetary policy, physical supply deficits in oil, agriculture, and base metals have already pushed Brent crude above $90 with Goldman Sachs forecasting prices reaching $105 by the second half of the year. This divergence between paper market skepticism and tightening real-world inventory levels creates significant investment opportunities in physical commodities as a primary inflation hedge against potential supply-driven economic slowdowns.
- Goldman Sachs24 min
What’s Ahead for the Housing Market
Douglas Yearley, Terry Hagerty, Allison Nathan, Doug Yearley
Driven by a decade of severe undersupply and a millennial demographic boom, the U.S. housing market experienced rapid price appreciation and a shift toward new construction between 2020 and 2022. Toll Brothers CEO Doug Yearley and sector analysts project sustained demand through 2022 despite rising mortgage rates, citing a fundamental supply shortage rather than market froth. This environment catalyzed over $20 billion in equity issuance and a 60% surge in M&A activity, while capital markets increasingly favor consolidation and the scaling of modular and offsite manufacturing technologies.
- Goldman Sachs22 min
Verena Pausder, Founder of Fox & Sheep
Verena Pauster advocates for redefining children's digital engagement by mandating a "time budget" that restricts passive consumption in favor of creative output, while her non-profit addresses Germany's educational inequality through subsidized coding access and individualized learning tools. Concurrently, Pauster led the "Stay on Board" initiative to successfully lobby for 2023 legislation protecting board members' employment status during parental leave, proving that strategic advocacy can overcome century-old regulatory barriers. These efforts form part of her broader strategic vision in *The New Country*, which proposes using digitalization to modernize national infrastructure across education, decarbonization, and equal rights.
- Goldman Sachs28 min
Jeff Lawson, Co-founder and CEO of Twilio
Twilio co-founder Jeff Lawson argues that reducing the cost and complexity of software experimentation accelerates innovation, citing the Wright Brothers' iterative success and the unique global reach of modern developers as evidence. Drawing from his experiences at Amazon Web Services, Lawson advocates for a strategic shift where executives treat developers as partners rather than coders to build "Minimum Lovable Products" within small, mission-aligned teams. This approach underpins Twilio's evolution from a communications API into a comprehensive Customer Engagement Platform, aiming to democratize the personalization capabilities of digital giants like Amazon and Apple for all businesses.
- Goldman Sachs22 min
Piloting Through: Why Investors Should Stay the Course
Sharmin Mossavar-Rahmani, Allison Nathan
Goldman Sachs' Investment Strategy Group, led by Chief Investment Officer Sharmeen Masavaramani, maintains a "stay invested" stance on U.S. equities for 2022, forecasting a 6% to 12% total return despite valuations in the 10th decile. The firm projects robust U.S. economic growth of 3.5% to 4.0% and 12% earnings expansion, suggesting that the current equity risk premium remains attractive relative to fixed income even as the Federal Reserve implements three to four interest rate hikes. While acknowledging volatility risks such as geopolitical shocks and persistent inflation, the group advises slowly adding to equity positions and maintains a strategic overweight to U.S. stocks over international markets based on superior historical earnings performance.
- Goldman Sachs25 min
Is 2022 the endemic year?
Jeffrey Shaman, Dr. Eric Topol, Allison Nathan
Goldman Sachs Research frames the 2022 transition to endemicity against Omicron's rapid transmissibility and inflation-driven market shifts, while experts Jeffrey Shaman and Eric Topol analyze the variant's biological divergence from previous strains. The discussion highlights that Omicron's upper respiratory focus and robust vaccine-induced immunity have reduced severity, though evolutionary pressure does not guarantee future mildness or a predictable path to stabilization. The dialogue concludes by emphasizing Paxlovid's breakthrough efficacy as a stable treatment option and outlining the remaining hurdles of global vaccine equity and variant unpredictability before the virus can settle into a manageable seasonal pattern.
- Goldman Sachs25 min
As Rates Reprice and Stocks Sell Off, What’s Next?
David Kostin, Jonathan Shugar, Allison Nathan
Amidst a shift in market expectations toward four Federal Reserve rate hikes in 2022, a broad sell-off has disproportionately punished low-margin technology stocks while cyclicals like energy and materials outperformed. Goldman Sachs forecasts record corporate net margins of 12.5% and steady 8% growth driven by margin expansion, supported by $1.25 trillion in planned share buybacks and potential M&A activity. As institutional investors adopt more tactical hedging strategies, the primary market focus remains on whether corporations can successfully pass inflationary costs to consumers without volume degradation during the upcoming earnings season.
- Goldman Sachs21 min
Carlos Acosta, Director of the Birmingham Royal Ballet
Born into a working-class Cuban family, former principal dancer Carlos Acosta leveraged the state-sponsored arts program to become the first black principal dancer in *Swan Lake* at the Metropolitan Opera and the first black director of a major ballet company, the Birmingham Royal Ballet. Appointed in January 2020 amidst the onset of the pandemic, Acosta is currently executing strategic initiatives to elevate technical standards and diversify audiences through innovative productions like *Radio and Juliet*. His leadership focuses on dismantling industry exclusion by actively recruiting global talent and redefining classical dance's cultural relevance for younger generations.
- Goldman Sachs21 min
Goldman Sachs’ David Solomon on the Firm’s Performance, the Global Economy & What to Expect in 2022
During a January 6, 2022 conversation with Allison Nathan, Goldman Sachs CEO David Solomon reported record 2021 revenue and earnings driven by robust client activity while confirming the firm is ahead on 34 of 35 strategic key performance indicators. Solomon forecasted a 2022 macroeconomic shift characterized by persistent inflation and a hawkish Federal Reserve pivot that will likely trigger equity valuation corrections, noting a trend toward mid-sized mergers due to tightened regulatory environments. To support growth in digital banking and European asset management, the firm is finalizing acquisitions of GreenSky and Invergo while maintaining a long-term focus on sustainability initiatives and workforce development despite pandemic-related challenges.
- Goldman Sachs30 min
Anna Malaika Tubbs, Author of “The Three Mothers"
Anna Malaika Tubbs, Stephanie Cohen
Anna Malaika Tubbs' *The Three Mothers* utilizes original archival research to document the lives of Alberta King, Louise Little, and Berdis Baldwin, revealing how their distinct educational backgrounds and radical strategies directly shaped the legacies of their sons, Martin Luther King Jr., Malcolm X, and James Baldwin. By framing the systematic erasure of these Black women as an intentional oversight driven by historical bias, Tubbs demonstrates that their pursuit of equity, self-reliance, and narrative healing served as the foundational pillars for the Civil Rights movement. The work further argues that recognizing such multi-generational contributions is essential for both advancing racial justice and establishing diversity as a critical driver of corporate profitability and market innovation.
- Goldman Sachs29 min
Melanie Campbell, president and CEO of the National Coalition on Black Civic Participation
Melanie Campbell, Joyce Brayboy
Melanie Campbell, President and CEO of the National Coalition on Black Civic Participation, partnered with Goldman Sachs to advance the One Million Black Women Initiative by prioritizing economic mobility, affordable housing, and health disparities as critical barriers to prosperity. Drawing on the legacy of Dr. Dorothy Height and her own history of civil rights activism, Campbell advocates for a servant leadership model that mobilizes families and emphasizes the intersectionality of race and gender. Ultimately, the collaboration aims to transform documented disparities into actionable outcomes while urging intergenerational collaboration and resilience to sustain long-term social change.
- Goldman Sachs18 min
Chris Britt, Co-Founder and CEO of Chime
CEO Chris Britt positions Chime not as a neobank but as a digital financial platform partnering with FDIC-insured banks to serve 150 million Americans living paycheck-to-paycheck. The company generates revenue through interchange fees rather than customer charges, a model that enabled early stimulus distribution and rapid growth fueled by direct deposit incentives. Chime plans to expand its ecosystem into installment loans, cryptocurrency, and insurance while maintaining strict CFPB oversight to support its goal of becoming a comprehensive financial hub for the mainstream consumer.
- Goldman Sachs17 min
Understanding the Metaverse and Web 3.0
Goldman Sachs analysts define the metaverse as an immersive evolution from the smartphone-centric Web 2.0 to a decentralized Web 3.0 environment, projecting a potential market valuation between $2 trillion and $12 trillion as hardware costs decline. This investment cycle, accelerated by pandemic-driven gaming adoption and high-profile corporate shifts like Meta's rebranding, anticipates major economic expansion in sectors ranging from retail to education over the next decade. Success hinges on platform interoperability and strategic partnerships, though the transition faces immediate regulatory scrutiny regarding privacy and market concentration distinct from previous web eras.