Latest Interviews
Showing 91–101 of 101 transcripts.
Clear all filters- Goldman Sachs10 min
The Outlook for the Corporate Credit Default Cycle
Goldman Sachs identified three sequential credit risks in early March, noting that Federal Reserve intervention in late March successfully mitigated the most severe credit crunch and liquidity impairment while leaving fundamental financial distress intact. Although the central bank's announcement triggered an 85% surge in primary market issuance and normalized secondary trading conditions, the firm maintains a 13% default rate forecast for the year due to persistent earnings pressure on lower-rated issuers. Market participants anticipate a strategic shift toward restructurings rather than liquidations, with a projected sector rotation back into cyclical industries like energy as the economic recovery progresses.
- Goldman Sachs53 min
The CARES Act and its Impact on the US Economic Outlook
Sharmin Mossavar-Rahmani, Alec Phillips, Jan Hatzius, William G. Gale, Sharmeen Mosavar-Rahmani, Bill Gale
On March 31, 2020, Goldman Sachs hosted a client call featuring Chief Economist Jan Hatzius and external fiscal experts to analyze the CARES Act and downgrade the 2020 U.S. economic outlook to a record contraction. The discussion detailed the legislation's targeted relief components, including expanded unemployment benefits, direct stimulus checks, and $46 billion in aid for the airline industry, alongside projections that Q2 GDP will fall approximately 10% with net debt-to-GDP rising above 100%. Despite these severe short-term headwinds, experts concluded that low interest rates and the Federal Reserve's potential $4.5 trillion lending capacity would likely prevent a sovereign debt crisis.
- Goldman Sachs16 min
Why Investing in the Longest Bull Market in History is Still a Smart Move
Sharmin Mossavar-Rahmani, Jake Siewert, Jake Seward
Goldman Sachs Private Wealth Management's 2020 "Room to Grow" report argues that the current economic expansion will likely persist through 2020, citing favorable central bank policies, a low 20% recession probability, and balanced market conditions that support an 87% chance of positive returns. The firm recommends a strategic overweight in U.S. equities driven by superior demographics and productivity, while cautioning that high capital gains taxes make it inefficient for investors to sell assets waiting for a market dip. Although the analysis acknowledges short-term volatility from geopolitical tensions and the coronavirus outbreak, it projects that disinflationary trends and robust household balance sheets will allow underlying economic growth to reassert itself within months.
- Goldman Sachs20 min
Jason Rezaian: Author of "Prisoner"
Jason Rezaian, Andrew Williams
On July 22, 2014, Washington Post columnist Jason Rezaian was arrested in Tehran and falsely accused of being a CIA operative, subjecting him to seven months of solitary confinement in a sensory-deprived cell at Evin Prison. Rezaian argues that his eventual release resulted from sustained global public attention and political will rather than the legal system alone, while criticizing the U.S. for failing to leverage Iran's vast economic potential and for neglecting the six remaining Americans currently detained there. He further contends that American soft power and press freedom must remain a guiding global standard despite domestic challenges, urging renewed diplomatic engagement with Iran instead of isolation.
- Goldman Sachs17 min
Goldman Sachs at 150: Part 4 – Changing Times (1969)
Gus Levy, Sidney Weinberg, Bob Mnuchin, Bob Rubin, Steve Friedman
In the early 1960s, Gus Levy redefined Goldman Sachs by transitioning it from a conservative investment bank into a trader-led market maker capable of handling massive institutional volume. His innovative block trading strategies and a culture of relentless accessibility navigated the firm through a 1970s liquidity crisis, establishing a legacy of institutional leadership that endured beyond his 1976 death. This structural shift not only secured the firm's position as a Wall Street hub but also instilled a permanent culture of vigilance and high standards that continues to shape Goldman Sachs' operations.
- Goldman Sachs12 min
Goldman Sachs at 150: Part 2 – Hubris (1929)
Henry Goldman, Waddill Catchings, Walter Sachs
During the 1920s, leadership under Waddell Catchings pivoted Goldman Sachs toward aggressive leverage and the creation of the highly risky Trading Corporation, a move that nearly destroyed the firm following the 1929 market crash. Although the catastrophic collapse of the Trading Corporation reduced its stock from $326 to $1.75 and triggered a $100 million lawsuit from 42,000 stockholders, the legal separation of the entity from the main partnership allowed the original family-controlled firm to survive the Great Depression. This near-failure ultimately cemented a culture of constitutional pessimism and risk aversion, ensuring that future decision-making would prioritize long-term institutional stability over short-term profit maximization.
- Goldman Sachs22 min
Michael Oppenheimer: Nobel Prize-winning Climate Scientist
Michael Oppenheimer, Kyung-ho Park
Atmospheric scientist Dr. Oppenheimer outlines how attribution science has transformed climate risk assessment, revealing that global society is already operating outside the ±1°C stability range that defined the last 10,000 years. While the 2015 Paris Agreement secured universal participation, current pledges fall short of the 25–50% emissions cuts required to avoid the 1.5°C to 2°C danger zone, prompting a strategic shift toward mixed policy frameworks and a business sector that must prioritize long-term planetary viability over quarterly earnings. Dr. Oppenheimer contrasts this complex challenge with the successful Montreal Protocol, noting that climate mitigation is further complicated by its impact on one-third of the global economy, necessitating the integration of carbon pricing, regulatory standards, and substantial financial reallocation toward sustainable infrastructure.
- Goldman Sachs46 min
Doris Kearns Goodwin on "Leadership: In Turbulent Times"
Doris Kearns Goodwin, D'Arce, Bill Benson, Jr., Bob
Doris Kearns Goodwin's *Leadership in Turbulent Times* analyzes the formative adversity, crisis management, and legacies of Abraham Lincoln, Theodore Roosevelt, Franklin D. Roosevelt, and Lyndon B. Johnson to derive lessons for contemporary political dysfunction. Drawing from her personal experience as a White House Fellow under Johnson and historical research, Goodwin details how these four leaders utilized discipline, emotional intelligence, and specific energy-replenishment strategies to navigate national upheavals. The work concludes by contrasting their methods of fostering national unity against modern tribalism, warning that democracy falters when citizens view one another as opponents rather than fellow Americans.
- Goldman Sachs11 min
Remarks by Michael Bloomberg
Michael Bloomberg, John F.W. Rogers, Kevin McCarthy, Tyler Perry, Danny Meyer, Sarah Kauss, Wilbur L. Ross, Sara Blakely, Gina Raimondo, Rick Snyder, Marco Rubio, Lloyd Blankfein, Richard Branson, Warren Buffett
Former New York City Mayor Mike Bloomberg chronicled the analog origins of his firm and argued that the American "ethic of trying again" remains the primary driver of economic resilience. He sharply criticized current U.S. immigration and regulatory policies for threatening the small business sector, which historically serves as the incubator for future large-scale corporations and employs millions of immigrant-owned enterprises. Bloomberg concluded with a direct call to action, urging entrepreneurs to aggressively lobby elected officials for open immigration and reduced red tape to ensure sustained economic growth.
- Goldman Sachs10 min
Remarks by The Honorable Wilbur L. Ross
Wilbur L. Ross, John F.W. Rogers, Kevin McCarthy, Tyler Perry, Danny Meyer, Sarah Kauss, Sara Blakely, Michael Bloomberg, Gina Raimondo, Rick Snyder, Marco Rubio, Lloyd Blankfein, Richard Branson, Warren Buffett
The event highlights the pivotal role of small and medium-sized enterprises in generating 63% of new jobs while detailing policy shifts that reduced regulatory burdens and altered tax structures for flow-through entities. Federal initiatives have intensified trade enforcement by 80% and deployed foreign commercial teams in 73 domestic and international locations to overcome export participation barriers that currently limit less than 3% of American businesses. These efforts, validated by case studies like Kaddis Enterprises' 400% growth, emphasize leveraging e-commerce and active marketing to facilitate business succession and global expansion.
- Goldman Sachs25 min
Talks at GS –Jonathan Haidt: The Psychology of Partisanship & Ethical Leadership
Jonathan Haidt examines the drivers of modern political polarization, the evolutionary roots of moral intuition, and the declining resilience of students raised in hyper-protective environments. He argues that social and institutional design must shift from relying on individual character to implementing systemic "nudges" and inclusive frameworks that foster anti-fragility. Ultimately, while historical trends suggest long-term optimism, Haidt calls for immediate vigilance in repairing polarized institutions to prevent a trajectory of mutual hatred.