Top of the Morning: POTUS 47 - Government gridlock, Trade update
Kurt drops by to update on where negotiations stand to end the U.S. government shutdown, which has now entered week three, along with the scope of impact thus far to financial markets and economic activity. Plus, thoughts on recent US-China trade tensions, and a look at potential next-steps for talks and broader U.S. trade policy. Featured is Kurt Reiman, Head of Fixed Income Americas, UBS Chief Investment Office. Host: Daniel Cassidy
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16:40
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16:40
UBS On-Air: Paul Donovan Daily Audio 'More changes to policy'
There are reports that the US administration will extend the delay in implementing tariffs on car part imports from two years to five years. This is a reaction to intensive domestic lobbying, and should probably not be taken as a signal for the wider trade tensions between the US and China.
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2:46
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2:46
UBS On-Air: Paul Donovan Daily Audio 'Beige flags'
The Federal Reserve’s Beige Book of economic anecdotes was not affected by the absence of a functioning government. There was evidence of prices reacting to trade tariffs, and a sense of labor market fragility. However, it is possible that elements of political partisanship are being captured in some of the reported concerns.
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2:59
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2:59
Washington Weekly Podcast: Government shutdown update, US-China trade talks
Shane joins mid-week for an update on the US government shutdown, including a look at impacted services, and where negotiations stand to re-open the government. We also touch on recent developments surrounding US-China trade talks. Featured is Shane Lieberman, Senior Governmental Affairs Advisor, Governmental Affairs US. Host: Daniel Cassidy
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9:52
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9:52
UBS On-Air: Paul Donovan Daily Audio 'Labor weakness still beats inflation increases'
Federal Reserve Chair Powell reiterated that labor market concerns dominate inflation concerns in current policy. The lack of a functioning US federal government means this economic analysis depends on dubious quality data—private sector polls and potentially distorted anecdotal evidence—but Powell has shown a willingness to depend on such data in making past policy decisions.
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