UBS On-Air: Market Moves
UBS On-Air: Market Moves brings you beyond the highs and lows of the ticker, with conversations that can broaden your thinking about market behavior
Wealth Management Americas
Washington Weekly Podcast: The latest on tariffs, Special election takeaways
In the wake of the latest tariff news out of the White House, Shane reflects on the impacts to US trading relationships around the globe, along with how trading partners are responding. Plus, an analysis of this week’s special elections in Florida and Wisconsin, and what the outcomes suggest about voter sentiment. Featured is Shane Lieberman, Senior Governmental Affairs Advisor, Governmental Affairs US. Host: Daniel Cassidy
Top of the Morning: ‘POTUS 47 Series: Latest on tariffs, the economic and market impact’
An inventory of Wednesday’s tariff announcement by the Trump administration, along with an assessment of potential economic impacts, and reflections on the global market response. Plus, thoughts on how to manage portfolios during times of volatility and uncertainty. Featured is Kurt Reiman, Head of Fixed Income Americas, UBS Chief Investment Office. Host: Daniel Cassidy
UBS On-Air: Paul Donovan Daily Audio 'Well….'
US President Trump unveiled a massive tax increase for US companies and consumers. Tariffs were set at (0.5 x bilateral trade deficit / US imports). This is a predictable formula, completely unrelated to trade openness. The uninhabited Heard and Macdonald Islands get a 10% tariffs (will the penguins retaliate?). This may cause investors to question the competence of the administration’s trade policy.
UBS On-Air: Paul Donovan Daily Audio 'Economists’ ignorance is the problem'
Economists know what they don’t know. US President Trump is expected to announce the largest peacetime tax increase in US history. The erratic nature of trade policy, uncertainty about whether legal procedures will be followed, limited clarity about end-objectives, the possibility that Trump will again retreat from some taxes, and the unpredictability of patronage-style deals to gain exemptions create uncertainty about the direct effect of the taxes. The second-round effects depend on unpredictable reactions by US companies, a far more complex global trade system than existed 20 years ago, and US consumers whose reaction to inflation has shifted.
UBS On-Air: Paul Donovan Daily Audio 'United fronts'
A social media post from a semi-official China account suggested that China, Japan, and South Korea would present a united front against US trade taxes. Korean officials suggested this might be exaggerated, but the fact that this is remotely plausible reflects the reconfiguration of how the world works (or does not work). China and Japan are the two largest central bank holders of US dollar assets.
