Top of the Morning: Emerging Markets - Monumental change
We examine how regions, such as emerging Asia and Latin America, are feeling the impacts US tariff policy. Plus, thoughts on how EM investors should consider adjusting their portfolios, and what to be on the lookout for in the months ahead. Featured is Alejo Czerwonko, CIO for Emerging Markets Americas, UBS Chief Investment Office. Host: Daniel Cassidy
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11:19
UBS On-Air: Paul Donovan Daily Audio 'Tea parties become more expensive'
US President Trump implemented an extraordinary tax increase on US consumers overnight. If the 104% tax increase on goods from China is not reversed, it is likely to push the US into recession more rapidly. China’s economy is negatively impacted—but the larger each round of tariffs, the less their marginal impact on foreign growth. USD 55 million of tea imported from China is subject to the 104% tax (in 1773 the UK cut tea taxes).
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6:02
Top of the Morning: What role can private assets play in a portfolio?
A roundtable discussion around the kind of that role can private assets play in a longer-term investment plan, including a performance update and outlook for private equity, private credit, real estate, and hedge funds. Featured are Jennifer Liu, Private Markets Strategist Americas, Leslie Falconio, Head of Taxable Fixed Income Strategy Americas, Jon Woloshin, Real Estate & Lodging Analyst Americas, and Sean Sanborn, Hedge Fund Strategist Americas, UBS Chief Investment Office. Host: Daniel Cassidy
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24:38
UBS On-Air: Paul Donovan Daily Audio 'Fake news'
Financial markets swung wildly yesterday on apparently false reports of a 90-day halt to US trade taxes (except for China). The volatility highlights two problems. Erratic policymaking means stories of dramatic shifts in policy are credible. The move toward Schlesinger’s “imperial presidency” model means policy shifts depend on the whims of one person. These make fake news plausible, creating market volatility.
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5:40
Top of the Morning: CIO Strategy Snapshot - Navigating the uncertainty
As market volatility persists following a historical week for the global economy and financial markets, Jason shares his thoughts on last week’s tariff announcement, the potential paths forward, and how to navigate your portfolio through the uncertainty. Featured is Jason Draho, Head of Asset Allocation Americas, UBS Chief Investment Office. Host: Daniel Cassidy
South Africa