Latest Interviews
Showing 181–195 of 525 transcripts.
Clear all filters- Goldman Sachs26 min
More dollar weakness ahead?
Markets have stabilized following a temporary geopolitical scare, with oil supply risks now priced out and volatility premiums unwinding as investors refocus on 2025 themes of trade policy, fiscal negotiations, and artificial intelligence. Analysts anticipate a structural shift toward dollar weakness, recommending the Euro as a primary reserve alternative while noting that US equities remain in a bull market driven by strong earnings and AI capital expenditure cycles. Federal Reserve expectations are gradually shifting toward a more dovish regime with potential rate cuts likely in late 2025, contingent on unemployment rising to the 4.4% range amidst a divided committee and manageable inflation concerns.
- Goldman Sachs33 min
Axios’ Jim VandeHei on how to build a modern media company
Jim Vande Hei co-founded Politico and later Axios to fill a critical gap in political and business journalism by leveraging digital speed, a two-tiered revenue model, and a proprietary "smart brevity" style to outperform legacy media. The venture rapidly scaled from a team of three to a diversified enterprise encompassing niche B2B intelligence, local news operations, and an AI-driven communication subsidiary led by co-founder Roy Schwartz. Despite early skepticism from industry veterans, the company established a resilient culture built on aggressive hiring standards, direct feedback mechanisms, and a strategic focus on specialized content to ensure long-term viability in a fragmented media landscape.
- Goldman Sachs24 min
Mid-year outlook: diversify and hedge
Christian Mueller-Glissmann, Alexandra Wilson-Elizondo, Alison Nathan
Goldman Sachs strategists Christian Mueller-Glissman and Alexandra Wilson-Elizondo analyze a complex macro environment where unprecedented volatility in equities, bonds, and the dollar has converged, yet the US economy remains on track for a non-recessionary cool-down. They recommend a shift from traditional diversification toward a "constellation" of alternatives and selective optimism, highlighting opportunities in defensive stocks, European banking, and private capital while warning of elevated summer risks from tariffs and geopolitical tensions. The consensus advice is to embrace growth trajectories while hedging against near-term liquidity thinning, anticipating a market recovery driven by policy clarity and positive fiscal dynamics extending into 2026.
- Goldman Sachs10 min
European opportunities
Goldman Sachs' John Story highlights a divergence in global markets where European equities, particularly banks, have surged over 30% in dollar terms against stretched U.S. valuations, while currency dynamics continue to significantly influence earnings growth. The discussion emphasizes a dual strategy of holding U.S. tech for growth alongside European financials for value, despite looming risks from the July 9th tariff deadline and geopolitical tensions in the Strait of Hormuz. Investor behavior is shifting back toward domestic European assets for the first time since the Ukraine invasion, driven by wide dispersion within regional indices that enhances opportunities for long/short alpha strategies.
- Goldman Sachs20 min
Is a US fiscal crisis ahead?
Kenneth Rogoff, Niall Ferguson, Allison Nathan, Ken Rogoff, Neil Ferguson
Economists Ken Rogoff and Niall Ferguson argue that the United States faces an unsustainable fiscal trajectory driven by rising global interest rates and a critical threshold where sovereign debt servicing costs have surpassed defense spending. They warn that without political reforms or productivity breakthroughs from artificial intelligence, the nation risks a rapid financial crisis involving inflation or a permanent erosion of the dollar's reserve currency status. This convergence of historical parallels and modern geopolitical fragmentation suggests the U.S. must navigate a difficult choice between austerity, higher inflation, or diminished global influence within the coming years.
- Goldman Sachs9 min
Staying long US assets
Economic analysts project a benign inflation trajectory toward the Federal Reserve's 2% target and a low probability of recession, supported by a resilient labor market and the current absence of significant tariff-driven price spikes. While market returns are expected to moderate from recent highs, the outlook remains anchored in a 65-70% allocation to US assets driven by hyperscaler competitiveness, complemented by a balanced approach to global currencies and fixed income within a stable 4.5% to 4.6% Treasury yield environment. Investors are advised to monitor upcoming budget reconciliation data for potential shifts in trade or deficit narratives, though current volatility is viewed as temporary as risk premiums gravitate toward a sensible baseline.
- Goldman Sachs25 min
How to win: Steve Cohen on markets and the Mets
Steve Cohen, Tony Pasquariello
Steve Cohen, founder of Point72, discusses the firm's strategic pivot toward a conservative multi-strategy model and the integration of AI to generate alpha amidst declining market efficiency. While ceasing personal trading to focus on mentoring portfolio managers and managing the New York Mets, Cohen outlines his vision for expanding the firm's private credit pillar and developing a major resort complex in Queens. He further details his leadership philosophy, emphasizing direct communication and the creation of internal talent pipelines over external acquisitions to sustain long-term performance.
- Goldman Sachs28 min
Nelly Korda: The drive behind a world no. 1 golfer
Ranking world number one with 19 professional wins and Olympic gold, Nelly Korda draws upon a tennis-obsessed Czech American family legacy to fuel her 10-year LPGA career marked by a rigorous daily routine and a "process" philosophy. She leverages partnerships with Nike and TaylorMade while mentoring younger athletes, viewing the sport as a marathon that requires avoiding data over-reliance to prevent a robotic mindset. Looking ahead, Korda plans to team with her sister at the Dow Championship while championing co-ed events and male advocacy to further the growth of women's golf.
- Goldman Sachs19 min
A German economic revival?
The new German coalition government has enacted legislation to unlock €500 billion for infrastructure and committed to raising defense spending to 3.5% of GDP by 2030, while simultaneously implementing reforms to boost economic competitiveness. These structural shifts occur amidst significant external pressure from U.S. tariff proposals that threaten the Eurozone's GDP and force multinational corporations to restructure supply chains, particularly within the automotive and chemical sectors. Despite macroeconomic headwinds and elevated valuations in European markets, robust M&A activity persists as companies accelerate digital transformation and restructuring to navigate a volatile geoeconomic landscape without an imminent recession on the horizon.
- Goldman Sachs8 min
"This is what people were hoping for”
Rich Privorotsky, Chris Hussey
The July jobs report alleviated recession fears and spurred significant capital deployment, with Goldman Sachs recording substantial buy volumes as clients pivoted from trade anxieties to technology and AI themes. Despite mechanical flows suppressing volatility, structural uncertainties around global trade deadlines and upcoming inflation data suggest potential market turbulence. Investors are now prioritizing U.S. growth sectors over cyclical plays, awaiting corporate earnings and CPI releases to validate continued capital expenditure in the artificial intelligence space.
- Goldman Sachs25 min
How Goldman Sachs’ John Waldron is navigating “a more uncertain time”
Goldman Sachs reports that the U.S. economy remains resilient against recession fears despite April tariff shocks, though persistent fiscal deficits and policy uncertainty continue to constrain corporate capital investment and global capital allocation. The firm has moderated its own risk positioning while anticipating a resurgence in capital markets activity this summer, provided no further exogenous policy disruptions occur. Leadership is simultaneously pivoting toward operational excellence and technology infrastructure to stabilize revenue streams and navigate a volatile environment defined by shifting interest rates and tariff trajectories.
- Goldman Sachs16 min
Will legal challenges end the trade war?
A three-judge panel of the U.S. Court of International Trade blocked most of President Trump's sweeping tariffs in a May 29, 2025 ruling, determining that the executive branch lacked the intelligible limits required to impose duties on Canada, China, and Mexico under the International Emergency Economic Powers Act. While the administration plans to appeal to the Supreme Court and may shift toward temporary Section 122 tariffs or sector-specific Section 301 investigations to maintain revenue, the decision significantly alters the legal landscape by invalidating the broad, unlimited authority claimed by the previous strategy. This pivotal judgment introduces substantial market uncertainty regarding future tariff levels and fiscal projections, as analysts anticipate a transition from across-the-board rates to more restrictive, country-specific measures.
- Goldman Sachs9 min
Why emerging markets could keep rallying
Stratford Dennis, Mike Washington
Goldman Sachs projects a 10% rally in MSCI Emerging Markets equities through year-end, driven by positive growth differentials, a weaker US dollar, and widespread institutional underweight positioning. Analysts favor "EM ex-China" strategies over Chinese assets while specifically highlighting Brazil as a high-conviction opportunity supported by attractive valuations and expected rate cuts. The firm recommends purchasing upside calls on dollar-denominated Brazilian indices to capitalize on this convergence, framing the broader shift toward emerging markets as a multi-year structural trade dependent on US bond market stability.
- Goldman Sachs30 min
Alnylam’s Yvonne Greenstreet on RNAi and a ‘golden era’ in biotech
Alnylam Pharmaceuticals leverages a decade of RNA interference research to achieve a 55% clinical success rate and recently secured approval for Amvutra to treat hereditary transthyretin-mediated amyloidosis. Under CEO Yvonne Greenstreet, the company aims to become a top-five biotech leader by 2026 through a five-year strategy to deliver 25 clinical programs and expand into common diseases like hypertension. To reach this goal, Alnylam integrates AI-driven drug design with a culture of diversity and patient advocacy to de-risk development and target tissues beyond the liver, including the central nervous system.
- Goldman Sachs24 min
How AI, tariffs, and the energy transition are reshaping infrastructure investing
Large institutional investors have allocated 6% to 7% of assets to infrastructure, a sector that generated nine percent returns since 2022 while evolving from traditional transport dominance to focus on energy transition and digital assets like AI-driven data centers. Goldman Sachs identifies key opportunities across four segments, noting that solar plus storage is now cost-competitive and that European markets are gaining traction due to Germany's massive infrastructure plan, despite geopolitical and liquidity risks in specialized areas. To capitalize on these secular trends in decarbonization and digitalization, investors utilize closed-ended funds targeting mid-teens returns or evergreen vehicles for long-term capital appreciation.