Latest Interviews
Showing 436–450 of 1,304 transcripts.
Clear all filters- Goldman Sachs18 min
The global economy in 2075: Growth slows as Asia rises
Goldman Sachs Research has released its 2024 iteration of the long-term global economic forecast, extending the projection horizon to 2075 across 104 economies to analyze structural drivers like demographics and productivity. The study predicts a global population peak of 10 billion by 2050, which will decelerate growth but enable low-income emerging markets to continue converging with developed nations, ultimately driving China to overtake the US economy by 2035 and India to catch up by 2075. While these structural trends support a shift of investment and corporate expansion toward emerging markets, the outlook remains vulnerable to specific risks including rising protectionism and climate change impacts on vulnerable economies.
- Goldman Sachs31 min
What’s ahead for economies and markets in 2023?
Jan Hatzius, Dominic Wilson, Alison Nathan
Goldman Sachs projects a 35% probability of a U.S. recession in 2023 despite a baseline forecast for positive growth driven by cooling inflation and a labor market correction via reduced job openings. The firm anticipates Federal Reserve funds rates peaking between 5% and 5.25% by May, followed by a pause and potential cuts in late 2024 as inflation targets 3%. While U.S. equity valuations remain constrained by tight labor and rich pricing, emerging markets and Europe offer deeper discounts supported by anticipated global growth recovery and a structurally weakening dollar.
- Goldman Sachs22 min
M&A in 2023: A complex but optimistic outlook for deal-making
Stephan Feldgoise, Mark Sorrell, Alison Nathan, Stefan Felgoys
The 2022 M&A market experienced a sharp downturn in the second half driven by rising interest rates and geopolitical uncertainty, which caused private equity activity to slow while strategic deals and mega-transactions remained resilient due to strong balance sheets. As valuation gaps widened between public and private sectors, boards shifted their focus from growth multiples to cost of capital, prompting a surge in structured transactions and increased activism targeting operational improvements. Looking toward 2023, Goldman Sachs projects a recovery fueled by record private capital liquidity and attractive valuations, provided financing markets stabilize enough to allow debt syndication without prolonged deal delays.
- Goldman Sachs26 min
What’s next for crypto regulations?
Jay Clayton, Timothy Massad, Marcel Kasumovich, Gary Gorton, Alison Nathan
Following the collapse of major industry players like FTX, former SEC Chair Jay Clayton and former CFTC Chair Timothy Massad advocate for immediate joint standards and a self-regulatory organization to address jurisdictional gaps while enforcing existing laws. This proposed framework aims to balance innovation with investor protection by establishing common rules for asset custody and fraud prevention, despite ongoing debate over whether the current regulatory environment suffers from a lack of clarity or inadequate federal oversight. While experts agree on the resilience of underlying blockchain technology, consensus is shifting toward the imminent introduction of stablecoin regulations and potential Central Bank Digital Currencies to mitigate systemic financial risks.
- Goldman Sachs23 min
The Outlook for Financial Services
Richard Ramsden, Alex Blostein, Alison Nathan
Banking executives report strong current performance and record-low loan losses despite widespread market fears of a recession, as capital markets and M&A activity remain suppressed by high interest rates and valuation resets. Strategic priorities are shifting toward digitalization, alternative assets, and energy transition to counter margin compression, while lenders maintain stable underwriting standards and anticipate a gradual normalization of credit conditions. Although investors anticipate a recovery in capital market activity in the second half of 2023, the sector continues to navigate significant uncertainty regarding unemployment, commercial real estate values, and the broader macroeconomic impact of Federal Reserve tightening.
- Goldman Sachs21 min
Carolyn Childers and Lindsay Kaplan, Co-founders of Chief
Carolyn Childers, Lindsay Kaplan, Asahi Pompei
Co-founded by Carolyn Childers and Lindsay Kaplan, Chief is a unicorn-level professional network that connects female executives through hyper-curated peer groups to combat the projected 200-year timeline to gender parity in senior leadership. Operating on a B2B model where most members are employer-sponsored, the platform bypasses traditional networking by facilitating deep cross-industry connections that address the unique isolation and compounded pressures faced by women at the apex of their careers. With membership spanning 80% of Fortune 100 companies and a 60,000-person waitlist, the organization is rapidly expanding its international presence while driving strategic shifts in workplace culture through its distinctive, non-gendered branding.
- Goldman Sachs15 min
Maverick Carter CEO/Co-founder, SpringHill Company
Co-founded by LeBron James and Maverick Carter, the Springfield Company operates as a content and commerce entity designed to build enterprise value through owned intellectual property rather than traditional management fees. Following a strategic capital raise, the 50-50 male-female firm is evolving its flagship platform "The Shop" into a global franchise with international reach on YouTube, featuring high-profile guests and brick-and-mortar expansions. Guided by a poker-inspired risk philosophy and a "More Than" ethos, the organization structures partnerships as co-productions to empower individuals while securing long-term brand relevance in the media landscape.
- Goldman Sachs24 min
Asset Allocation Outlook for 2023: Greater Diversification and Divergence
Christian Mueller-Glissmann, Alison Nathan
Goldman Sachs analyzes 2022's market turbulence, where real yield spikes and inflation-driven volatility caused equities and crypto to decline while commodities and the US dollar surged, fundamentally breaking traditional asset correlations. Looking ahead to 2023, the firm forecasts a high probability of recession and persistent market volatility as investors shift from the "TINA" narrative to seeking reasonable fixed income alternatives and real assets. Strategically, the outlook suggests avoiding overvalued cyclical equities while capitalizing on valuation discounts in international markets and a potential rotation away from the US dollar as it peaks.
- Goldman Sachs25 min
Irving Fain CEO/Founder, Bowery Farming
Bowery Farming is leveraging proprietary hardware and deep learning software to cultivate pesticide-free produce in climate-controlled indoor facilities, achieving ten times the productivity per square foot while mitigating risks from climate change and global supply chain fragility. The company currently supplies fresh leafy greens and herbs that reach consumers within 48 hours of harvest, retaining significantly higher nutritional value than conventionally shipped goods, and plans to expand its portfolio to include strawberries and tomatoes alongside geographic growth. By automating the entire agricultural lifecycle from seed to shipment, Bowery creates a scalable model that hedges against drought and geopolitical instability, positioning indoor farming as a critical solution for feeding a growing global population on shrinking arable land.
- Goldman Sachs25 min
Central bank tightening: what could break?
Allison Nathan, Jeremy Stein, Vítor Constâncio
Former Federal Reserve officials Jeremy Stein and Lyle Brainard, alongside ECB Vice President Vitor Constancio, assert that the Federal Reserve and European Central Bank must prioritize fighting inflation over preemptive financial stability measures while navigating Quantitative Tightening risks. These experts warn that structural fragilities, including sovereign bond liquidity shortages in the US and complex energy-driven inflation in Europe, could trigger market instability if central banks fail to adapt tools like standing repo facilities or manage open-end fund vulnerabilities. Despite acknowledging that tightening cycles are expected to peak at 5% for the Fed and 3% for the ECB, the panelists caution that the absence of 2020-era fiscal backstops may amplify the impact of future credit events.
- Goldman Sachs1h 21m
2022 Analyst Impact Fund
Asahi Pompei, Jim Kramer, Nikonj, Kee, Angela, Simon, Amber, Amy, Eduardo, Gabriella, Sandra, Eric, Anna Gipikoulos, Olivia, Lisa, Joseph, David Solomon
The seventh annual Goldman Sachs Analyst Impact Fund Finals brought four finalist teams from Singapore, Frankfurt, Copenhagen, and London to New York to pitch social impact projects before a panel including Jim Cramer. Team IntelliHealth secured the $250,000 first-place award for its telehealth platform, while Upwardly Global, Climate Science, and Witness received additional funding to scale their initiatives in workforce integration, climate education, and human rights verification. This in-person event marked a strategic shift for the competition, reinforcing Goldman Sachs' commitment to inclusive growth by deploying $550,000 in grants to support projects aligning with the firm's 2021 sustainability goals.
- Goldman Sachs24 min
Europe’s Energy Crisis: End in sight or far from over?
Samantha Dart, Jari Stehn, Alison Nathan
Europe is navigating the current energy crisis with a heightened risk outlook driven by mild weather and robust gas storage, yet structural supply gaps and delayed LNG projects will necessitate recurring demand management through 2024. While geopolitical sanctions and price caps aim to redistribute Russian oil flows, Goldman Sachs forecasts Brent crude reaching $115 per barrel alongside a projected Eurozone recession starting in late 2022 due to persistent inflation. Ultimately, the region faces a volatile trajectory where industrial activity is already contracting and government interventions risk creating future fiscal cliffs if weather patterns turn colder or China's demand rebounds.
- Goldman Sachs23 min
George Kurtz CEO/Co-founder, CrowdStrike
George Kurtz guided CrowdStrike from its 2011 cloud-only founding to a successful IPO by rejecting on-premises demands and deploying patent-protected, non-rebooting technology that halted 77,000 active intrusion attempts annually. Following the public offering, Kurtz prioritized sustained momentum through a "100 days, 100 customers" initiative that secured over $100 million in new ARR and converted skeptical financial giants into major clients. This mission-centric strategy, driven by a "hatred to lose" philosophy and a hand-picked workforce, established a new benchmark for post-IPO customer engagement while scaling the organization to over 6,500 employees focused on preventing breaches.
- Goldman Sachs23 min
Amid rising inflation and slowing growth, how is the U.S. consumer faring?
David Mericle, Kate McShane, Eric Sheridan, Allison Nathan
Goldman Sachs economists project U.S. consumption growth will stabilize near 1% in late 2022 and 2023 as falling household wealth and the expiration of pandemic stimulus offset modest gains in real disposable income. While retail growth remains price-driven with consumers prioritizing essential goods over big-ticket items, the technology sector faces a shift toward lower single-digit growth rates focused on free cash flow visibility. Looking ahead, industry participants anticipate normalized supply chains and a balanced mix of unit and price growth in 2023, though retailers must manage elevated inventory levels through targeted promotions to offset slowing demand.
- Goldman Sachs22 min
Julia Boorstin CNBC Media & Tech Correspondent & Author, "When Women Lead"
Julia Boorstin, Sallie Krawcheck, Stephanie Cohen
Former banking executives Sally Krawcheck and collaborators launched Ellevest to address systemic gender biases in venture capital and financial planning by deploying a data-driven strategy that challenges the myth of female risk aversion. The initiative aggregates $1 billion in assets while promoting co-ed founding teams and specialized investment vehicles to overcome severe funding gaps, particularly in the fintech sector where women receive disproportionately little Series B capital. Supported by evidence that diverse leadership yields superior profitability, the organization aims to unlock $11 trillion in women-held assets by shifting the financial narrative from scarcity to abundance.