Latest Interviews
Showing 121–135 of 525 transcripts.
Clear all filters- Goldman Sachs18 min
Across America with Goldman Sachs 10,000 Small Businesses
Jill Bomarito, Bill Michaels, Jenny Steffensmeyer
The Goldman Sachs 10,000 Small Businesses program functions as a strategic "mini MBA" that equips entrepreneurs like Jill Bomarito, Bill Michaels, and Jenny Steffensmeyer with the framework to transition from daily operations to high-level business management. Through this initiative, case study participants achieved significant scale by addressing critical gaps in cash flow, marketing, and leadership, resulting in sales growth ranging from 20% to tenfold and facilitating shifts from local to international markets. Beyond individual financial gains, the curriculum fosters a supportive peer network that empowers graduates to advocate for small business policy changes and secure their enterprises' long-term succession planning.
- Goldman Sachs7 min
Why Stocks Are Getting Wild
Driven by surging expectations of a Federal Reserve rate cut, equity markets are experiencing heightened volatility that has prompted investors to rotate capital from information technology into defensive sectors like healthcare and financials. Systematic momentum triggers and reduced liquidity have created selling pressure estimated at up to $60 billion in the near term, while strategists recommend hedging large-cap concentration through equal-weighted indices and VIX call spreads to mitigate downside risk.
- Goldman Sachs17 min
What’s Driving the Surge in Deal-Making?
Stephan Feldgoise, Allison Nathan, Stefan Feldgauis
Goldman Sachs reports that 2025 witnessed a historic surge in M&A activity, with billion-dollar transactions doubling and late-year volumes matching 2021 peaks despite tariff-related slowdowns. This resilience was driven by the convergence of aggressive buyer appetites, widened capital markets, and a strategic pivot by boards toward long-term AI and biotech consolidation across the Americas and Europe. Looking ahead to 2026, the firm maintains a cautiously bullish outlook anticipating sustained deal mandates, though geopolitical instability and credit market volatility remain the primary risks to this trajectory.
- Goldman Sachs16 min
The Apollo Theater’s Michelle Ebanks: Preserving Legacy and Celebrating Harlem's Cultural Scene
Apollo Theater President and CEO Michelle E. Banks, joined by Megan Hogan, outlines the historic venue's evolution from a 1934 Harlem Renaissance hub into a modern civic engine that blends performing arts with social advocacy. The institution sustains this mission through a hybrid financial model that funds artistic risk alongside voter registration and education initiatives, while innovating via omni-channel content strategies to reach global audiences. Leadership emphasizes that the organization's relevance depends on deep community accountability, successfully leveraging its legacy to launch careers ranging from Ella Fitzgerald to contemporary artists like Emmanuel Gerard.
- Goldman Sachs8 min
Consumer Concerns and Equity Opportunities
Goldman Sachs' Scott Filer analyzes a consumer landscape marked by record-low sentiment and broad earnings weakness across retail and service sectors, driven by heightened price sensitivity and shifting pandemic-era spending trends. Despite these October headwinds, market participants anticipate a resilient holiday season as consumer activity concentrates on specific peak events rather than the "in-between" periods. Filer advises investors to favor defensive discretionary stocks, such as off-price retailers and auto parts, while avoiding traditional staples burdened by inventory destocking, ahead of potential $60 billion in stimulus spending projected for early 2026.
- Goldman Sachs24 min
Will the Fed cut rates in December?
Analysts project a tight December Federal Reserve decision amid data gaps from the government shutdown, while market volatility reflects a recalibration of the AI growth narrative and a corporate shift toward leveraging debt. Corporate sentiment signals an inflection point in capital allocation as hyperscalers increase borrowing and reduce headcounts to chase AI efficiency, echoing historical leverage cycles. Simultaneously, geopolitical shifts and unexpected policy output from the 2025 administration are reshaping global trade flows and currency trends despite persistent inflationary stickiness.
- Goldman Sachs23 min
AI and the Enterprise Revolution: Databricks CEO Ali Ghodsi
Founded by Ali Ghodsi in 2013 to bridge the gap between AI potential and enterprise reality, Databricks recently secured over $100 billion in Series K funding to expand its multi-cloud strategy and deploy "Agent Bricks" and "Lakehouse" technologies across 500 beta customers. To navigate what Ghodsi identifies as an inflated "AI bubble," the company prioritized strategic acquisitions like Mosaic AI, Tabular, and Neon while rejecting vaporware in favor of revenue-generating use cases such as chatbots and coding assistants. This approach aims to solve critical talent and infrastructure deficiencies, positioning the platform to drive genuine productivity gains over the next decade rather than chasing abstract benchmarks.
- Goldman Sachs21 min
The Fed's Tightrope: Inflation, Labor, and the Path Ahead
Rob Kaplan, Allison Nathan, Robert Kaplan
Dallas Fed President Robert Kaplan warns that the Federal Reserve faces a difficult December decision on interest rates as conflicting signals from tariffs, immigration uncertainty, and recent government shutdowns complicate the labor market outlook. With inflation running above target and structural mismatches limiting the efficacy of monetary policy, Kaplan argues that immediate cuts carry risks and suggests waiting for clearer data on 2026 growth drivers like AI infrastructure and tax incentives. While political pressure for lower rates exists, Kaplan maintains that the Fed's independent culture remains robust, though he anticipates potential shifts toward long-term bond purchases to manage the balance sheet.
- Goldman Sachs11 min
How to Trade a Credit Expansion
The Federal Reserve is positioned to execute a single rate cut in December before pausing to evaluate a bifurcated economy characterized by robust top-line growth alongside a weakening labor market driven by the AI-driven rotation of resources. As the financial landscape transitions from fiscal expansion to private credit-driven growth over the next nine months, investment strategies are shifting toward precision allocation in semiconductors, metals, and emerging markets rather than broad asset ownership. While a systemic credit crisis remains unlikely given current household buffers, investors must navigate significant uncertainty surrounding the December FOMC decision by maintaining liquidity to capitalize on potential market pullbacks.
- Goldman Sachs25 min
Uber's Dara Khosrowshahi: Unlocking a Trillion-Dollar Opportunity
Dara Khosrowshahi, Eric Sheridan
Uber leverages its unique dual-platform structure in mobility and delivery to generate three times higher spending among cross-platform users while expanding its Uber One membership base to over 36 million. Under CEO Andrew McDonald, the company executes a barbell strategy that subsidizes affordable growth options with high-margin premium services, resulting in recent quarterly bottom-line growth of 35% alongside an 18% increase in top-line revenue. Simultaneously, Uber advances its autonomous vehicle ecosystem through over 20 global partnerships and new deployments in cities like Austin and Atlanta, aiming to capitalize on a trillion-dollar market while maintaining robust margins.
- Goldman Sachs14 min
Are AI Bubble Concerns Warranted or Overblown?
Eric Sheridan, Kash Rangan, Allison Nathan
NVIDIA's projection of $3 trillion to $4 trillion in global AI infrastructure spending by 2030 has outpaced analyst expectations, though this capital surge faces scrutiny regarding sustainability and potential market bubbles. While the current "Magnificent Seven" exhibit strong free cash flows unlike 1990s tech firms, analysts warn of fragile circular investments and rising leverage risks that mirror the 2000 telecom era collapse. Experts anticipate a probable "trough of disillusionment" as enterprise AI adoption lags and the industry confronts the challenge of sustaining returns for an ecosystem where historically only a few companies generate excess capital efficiency.
- Goldman Sachs9 min
Rise of the Retail Investor
Goldman Sachs analyzes divergent retail trading profiles across ETFs, single stocks, and options, revealing a massive shift toward AI equities and sustained "buy and hold" strategies alongside elevated short-term option activity. This heightened retail participation, combined with aggressive hedge fund alpha-seeking, has driven the largest single-stock earnings moves since 2009 and established a distinct volatility divergence between individual names and broader indices. Consequently, the firm warns against shorting based solely on high sentiment, instead noting that option sellers are currently monetizing retail demand while defensive income funds attract significant capital as investors navigate an environment of extreme stock-level volatility.
- Goldman Sachs18 min
China's Economy: Reasons for Optimism
The October 30 Trump-Xi summit established a reciprocal trade truce marked by U.S. removal of fentanyl tariffs and pauses on semiconductor rules in exchange for China halting rare earth restrictions, effectively shifting from previous U.S. dominance to a negotiation based on equal leverage. This de-escalation, combined with resilient high-tech exports and a revised 15th Five-Year Plan prioritizing technological self-reliance, prompted Hui Shan to revise China's real GDP growth forecasts upward to 4.8% for 2026 and 4.7% for 2027. While the agreement leverages mutual dependence to stabilize the economic relationship, its durability remains contingent on reconciling conflicting official reports and resolving the structural uncertainty between advanced manufacturing gains and immediate household consumption growth.
- Goldman Sachs10 min
A "Blow-Off Top" Ahead?
Following the September rate cut, Federal Reserve Chair Powell removed the certainty of a December reduction, prompting a market repricing that shifts probability from 95% to 60% and dampens expectations for aggressive easing. While 55% of S&P 500 companies recently beat earnings estimates, these gains resulted in a 32 basis point underperformance rather than the historical norm, signaling crowded positioning in high-performing stocks. Institutional investors are maintaining a net long exposure of only 70% amidst gross risk levels at five-year highs, concentrating aggressive buys in the AI complex while shorting energy and consumer sectors ahead of a potential year-end rally driven by the cyclical rotation.
- Goldman Sachs43 min
Macro Challenges and Credit Opportunities: Davidson Kempner's Tony Yoseloff
Tony Yoseloff, Tony Pasquarello
Davidson Kempner Capital Management Managing Partner Tony Yoseloff discusses the firm's $37 billion asset base and its integrated public-private strategy while addressing 2025 market dynamics characterized by refinancing risks, concentrated equity valuations, and accelerating M&A activity. Yoseloff highlights structural opportunities in European and Indian credit markets alongside caution regarding potential AI productivity delays, emphasizing an investment philosophy that prioritizes micro-level safety margins over macro speculation. The conversation further details the firm's successful multi-year succession planning, the shift toward retail-driven private credit, and Yoseloff's advice for junior analysts to focus on fundamental investment theses rather than spreadsheet mechanics.