Goldman Sachs Exchanges podcast

Goldman Sachs Exchanges

In each episode of "Goldman Sachs Exchanges," people from the firm share their insights on developments shaping industries, markets and the global economy.

In each episode of "Goldman Sachs Exchanges," people from the firm share their insights on developments shaping industries, markets and the global economy.

 

#502

How AI could impact geopolitics

The rise of AI could have profound implications for geopolitics given the decisions about where AI infrastructure is going to get built. Jared Cohen, president of global affairs and co-head of the Goldman Sachs Global Institute, discusses the data center diplomacy that is shaping geopolitics. ... Read more

26 Nov 2024

17 MINS

17:07

26 Nov 2024


#501

Investing in Sports: A New Media Model

Sports is one of the few forms of premium live content available today, but how fans consume these games or matches is being significantly disrupted. In the second episode of a four-part series on the changing dynamics in the business of sports, host Nicole Pullen Ross discusses the new sports media landscape with Dave Dase, Global Co-Head of Sports Investment Banking, and Gene Sykes, Co-Chair of Mergers and Acquisitions and Co-Chair of Global Technology, Media and Telecom. They discuss what makes sports content so valuable, the tension between the legacy broadcasters and tech platforms, the shift to direct-to-consumer product offerings, and how this disruption will influence the game itself. Nicole Pullen Ross is Head of Sports and Entertainment for Goldman Sachs Private Wealth Management. She is also Head of the Private Wealth Management business for the New York region at Goldman Sachs. ... Read more

22 Nov 2024

27 MINS

27:51

22 Nov 2024


#500

2025 outlook: Will tailwinds trump tariffs?

As the global economy comes off of another year of relatively strong growth in 2024, new and important variables are now in the mix with the election of Donald Trump and the Republican sweep of Congress. So can this solid performance continue amid the policy shifts ahead, and what might be the implications for markets? In this episode, Jan Hatzius, Goldman Sachs’ chief economist and head of Goldman Sachs Research, and Dominic Wilson, senior advisor in global markets research, discuss the economic and market outlook for the year ahead. ... Read more

20 Nov 2024

30 MINS

30:38

20 Nov 2024


#499

Investing in Sports: The Next Trillion Dollar Market?

The sports ecosystem has exploded as an area of investment, with professional leagues loosening rules on private equity ownership, the value of media rights deals skyrocketing, and the many sports-adjacent businesses taking on new dimensions. In the first episode of a four-part series on the changing dynamics in the business of sports, host Nicole Pullen Ross speaks to Apollo Co-Founder Josh Harris about what it means to own and run professional sports teams in the NBA, NHL, NFL, and English Premier League. She’ll also discuss the scale of the investment opportunity in sports with Dave Dase, Global Co-Head of Sports Investment Banking, and Elis Jones, Head of Sports Investment Banking for EMEA. Nicole Pullen Ross is Head of Sports and Entertainment for Goldman Sachs Private Wealth Management. She is also Head of the Private Wealth Management business for the New York region at Goldman Sachs. ... Read more

15 Nov 2024

37 MINS

37:36

15 Nov 2024


#498

What Trump’s policies could mean for the Fed

Former Dallas Fed President Rob Kaplan, current vice chairman at Goldman Sachs, discusses the Federal Reserve’s rate-cutting cycle, the interplay between monetary and fiscal policy, and his views on what the Trump administration could mean for Fed policy.  ... Read more

12 Nov 2024

18 MINS

18:09

12 Nov 2024


#497

What Trump’s win means for markets and portfolios

The markets reacted forcefully to Donald Trump's victory in the US presidential election, with US stocks, bond yields, and the dollar rising sharply in response. Goldman Sachs Research’s Christian Mueller-Glissmann, head of asset allocation research, and Brian Garrett, head of Equity Execution on the Cross Asset Sales desk in Global Banking & Markets at Goldman Sachs, discuss the sustainability of these moves and the medium- and longer-term market implications of the election outcome.  ... Read more

07 Nov 2024

22 MINS

22:38

07 Nov 2024


#496

How Clearlake Capital’s José E. Feliciano is finding value across private markets

Clearlake Capital’s Co-Founder and Managing Partner José E. Feliciano discusses the firm’s flexible approach to investing in the private markets, artificial intelligence, and sports teams. For more insights from great investors, listen to previous episodes from our [Great Investors] (https://urldefense.com/v3/__https:/www.goldmansachs.com/insights/great-investors__;!!I-gnmhOqOw!SCiD27jLoN_GmiFYYjM0fsSwDY5QzPwuchouvl4avU3m09oTk6uEyz22XZAFqzIhg1e3BK0xtCEBoZqJ$) series.  ... Read more

04 Nov 2024

41 MINS

41:44

04 Nov 2024


#495

What will the US presidential election mean for the economy?

How could the proposed policy agendas between the two US presidential candidates shape markets and economies? Top economists from the Democratic and Republican parties discuss a range of economic policies, painting starkly different policy approaches in some key areas but similarities in others. In the latest episode of Goldman Sachs Exchanges, Kevin Hassett, former Chairman of the Council of Economic Advisers under President Trump, and Jared Bernstein, the current Chairman of the Council of Economic Advisers, speak with host Allison Nathan. This episode explores the latest Top of Mind report, Post-election economic policies. ... Read more

29 Oct 2024

16 MINS

16:51

29 Oct 2024


#494

Battery Ventures’ Chelsea Stoner on the power of being ‘stage agnostic’ in tech investing

Chelsea Stoner, general partner of Battery Ventures, has long been focused on the ways in which software is transforming a variety of industries. In a discussion with Goldman Sachs’ Michael Brandmeyer, Stoner discusses her path to Silicon Valley, Battery's longevity as a tech-focused investment firm, and her unique outlook on the venture capital and private equity landscape.  ... Read more

22 Oct 2024

32 MINS

32:35

22 Oct 2024


#493

More gains ahead for US stocks?

The S&P 500 has staged a remarkable rally since the start of the year. How much more upside should investors expect — and what could drive those gains? Goldman Sachs Research’s David Kostin and Ryan Hammond from the US portfolio strategy team explain the drivers and risks to their year-end and 12-month targets for US equities.  ... Read more

15 Oct 2024

19 MINS

19:49

15 Oct 2024


#492

How to find alpha: Bridgewater Associates' Co-CIO Karen Karniol-Tambour

Bridgewater Associates’ Co-CIO Karen Karniol-Tambour describes where she’s seeing opportunities for higher returns and the macro factors shaping today’s investment landscape. To hear from more Great Investors, check out: [Sequoia Capital’s Roelof Botha] (https://urldefense.com/v3/__https:/www.goldmansachs.com/insights/goldman-sachs-exchanges/how-sequoia-capitals-roelof-botha-is-forging-the-future__;!!Nax85kVj!2QqlztKp2VivD9uTSK1BK38eHzLOX81Pd3hG7Ror1w6Nwgmlg4nv8l_JJlFn0P-CHQcr1I-l1RTGSUii7xDUpA$) on building enduring businesses, [Blackstone’s Joe Baratta] (https://urldefense.com/v3/__https:/www.goldmansachs.com/insights/goldman-sachs-exchanges/private-equity-investing-with-blackstones-joe-baratta__;!!Nax85kVj!2QqlztKp2VivD9uTSK1BK38eHzLOX81Pd3hG7Ror1w6Nwgmlg4nv8l_JJlFn0P-CHQcr1I-l1RTGSUgqik6scw$) on the outlook for private equity, and [TPG’s Jon Winkelried] (https://urldefense.com/v3/__https:/www.goldmansachs.com/insights/goldman-sachs-exchanges/tpg-ceo-jon-winkelried-on-the-evolution-of-private-equity-and-alternative-markets__;!!Nax85kVj!2QqlztKp2VivD9uTSK1BK38eHzLOX81Pd3hG7Ror1w6Nwgmlg4nv8l_JJlFn0P-CHQcr1I-l1RTGSUgkvulkaA$) on the evolution of alternative markets.  The opinions and views expressed in this program may not necessarily reflect the institutional views of Goldman Sachs or its affiliates. This program should not be copied, distributed, published, or reproduced in whole or in part or disclosed by any recipient to any other person without the express written consent of Goldman Sachs. Each name of a third-party organization mentioned in this program is the property of the company to which it relates, is used here strictly for informational and identification purposes only, and is not used to imply any ownership or license rights between any such company and Goldman Sachs. The content of this program does not constitute a recommendation from any Goldman Sachs entity to the recipient, and is provided for informational purposes only. Goldman Sachs is not providing any financial, economic, legal, investment, accounting, or tax advice through this program or to its recipient. Certain information contained in this program constitutes “forward-looking statements”, and there is no guarantee that these results will be achieved. Goldman Sachs has no obligation to provide updates or changes to the information in this program. Past performance does not guarantee future results, which may vary. Neither Goldman Sachs nor any of its affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the statements or any information contained in this program and any liability therefore; including in respect of direct, indirect, or consequential loss or damage is expressly disclaimed. [Important Disclosures] (https://urldefense.com/v3/__https:/www.bridgewater.com/important-disclosures__;!!O2kDR7mm-zSJ!permwcso412USXOyJ20KleRUW5jOW4ZoFujlEaXBnlDzcidFB_jnoxIRr5y3xkMFRgMV5qKkRHhovPxi6_DxBcap$) ... Read more

10 Oct 2024

49 MINS

49:22

10 Oct 2024


#491

Why oil and gold prices could keep rising

Escalating conflicts in the Middle East, coupled with China’s latest round of stimulus, are changing the supply-and-demand dynamics for oil prices. Goldman Sachs Research’s Daan Struyven, co-head of commodities research, explains the implications for oil and gold prices. ... Read more

08 Oct 2024

17 MINS

17:44

08 Oct 2024


#490

The missing link to retirement security

Michael Moran, a pension strategist in Goldman Sachs Asset Management, explains how the current macro environment is changing the retirement picture for both savers and retirees. Mike and his team are out with a [new report] (https://am.gs.com/en-us/institutions/insights/report-survey/retirement-survey?sc_cid=us~wbst~gscom~rtrmntsrvy~tl~lnk~insights~na&ls=web&utm_source=gscom&utm_campaign=retirement-survey) that describes what they see as a missing link to retirement security. ... Read more

01 Oct 2024

27 MINS

27:00

01 Oct 2024


#489

Falling rates: A salve for real estate?

The Fed has begun a long-awaited cutting cycle, potentially providing some relief to rate-sensitive sectors. Goldman Sachs’ Lotfi Karoui and Jeff Fine explain the impact of falling rates on US commercial real estate as well as the implications for housing.  ... Read more

24 Sep 2024

27 MINS

27:16

24 Sep 2024


#488

How Sequoia Capital’s Roelof Botha is forging the future

Sequoia Capital’s Roelof Botha, one of Silicon Valley’s most highly respected investors, discusses his career, Sequoia’s unique culture and investment processes, and how he finds and builds enduring businesses.  ... Read more

20 Sep 2024

59 MINS

59:57

20 Sep 2024


#487

Why China’s economy is struggling

After a stronger-than-expected start to the year, China’s economy is showing signs of weakening as the world’s second-largest economy struggles with a real estate downturn, slowing consumer spending, and geopolitical tensions. Goldman Sachs Research’s Hui Shan, chief China economist, shares her outlook for China’s growth. ... Read more

17 Sep 2024

19 MINS

19:02

17 Sep 2024


#486

Private equity investing with Blackstone’s Joe Baratta

Blackstone’s Global Head of Private Equity Joe Baratta shares his outlook for the private equity industry, the macro environment today, and his evolution as a leader. ... Read more

10 Sep 2024

39 MINS

39:50

10 Sep 2024


#485

Will Fed policy trigger a US recession?

Many view the recent rise in the unemployment rate as a concerning sign about the economic outlook, fueling recession fears. Could the US economy fall into recession, and will overly tight Federal Reserve policy be to blame? In the latest episode of Goldman Sachs Exchanges, Allison Nathan discusses these questions with three top economic minds: Claudia Sahm, the creator of the “Sahm rule” and Chief Economist at New Century Advisors, former Federal Reserve Bank of New York President Bill Dudley, and Goldman Sachs Vice Chairman and former Federal Reserve Bank of Dallas President Rob Kaplan. This episode explores the latest Top of Mind report, “Is the Fed behind the curve?” ... Read more

05 Sep 2024

25 MINS

25:56

05 Sep 2024


#484

Women in the workforce: Analyzing the gains and gaps

Twenty-five years ago, Goldman Sachs research analyst Kathy Matsui wrote a report about the Japanese economy called Womenomics, stating that future potential economic growth will depend on increased female labor participation. So how much progress has been made in Japan and around the world? Sharon Bell, Senior Strategist on the European Portfolio Strategy Team within Goldman Sachs Research, and Asahi Pompey, Goldman Sachs Global Head of Corporate Engagement and President of the Goldman Sachs Foundation, discuss the gains — and gaps — in female workforce participation and the impact to economic growth. ... Read more

20 Aug 2024

28 MINS

28:05

20 Aug 2024


#483

How a popular trade collapsed — and why it matters

The rapid unwinding of the Japanese yen carry trade is rippling through global markets. Goldman Sachs Research’s Kamakshya Trivedi, head of Global Foreign Exchange, Interest Rates, and Emerging Markets Strategy, and Praneet Shah, co-head of Global G10 FX Options Trading in Global Banking & Markets, explain the carry trade, why it matters, and the implications for investment portfolios. ... Read more

13 Aug 2024

25 MINS

25:32

13 Aug 2024


#482

Why recession fears are likely overblown

Global markets sold off sharply amid rising US recession fears. Goldman Sachs Research’s Chief US Economist David Mericle explains why those concerns are likely overblown.  ... Read more

06 Aug 2024

16 MINS

16:50

06 Aug 2024


#481

TPG CEO Jon Winkelried on the evolution of private equity and alternative markets

“Tectonic shifts” are reshaping the private markets and spurring consolidation among alternative asset managers, explains TPG CEO Jon Winkelried on Goldman Sachs Exchanges: Great Investors. Winkelried, who also served as the former president and co-chief operating officer at Goldman Sachs, shares his perspectives on investment opportunities, leading teams, and managing companies through crises. For more insights from great investors, listen to previous episodes from our Great Investors series: [KKR’s Henry Kravis on private equity, culture, and global markets] (https://urldefense.com/v3/__https:/link.chtbl.com/5Is6G9TE?sid=GIWinkelried__;!!AyeBY0Ci!KX_9G4be8JJYs9P8mBylwoQNE9gGXOPq6B0fn2abntm_6D72odqoxGNH3o9hBeugXz4JKQRZHZQ$) .  ... Read more

02 Aug 2024

43 MINS

43:37

02 Aug 2024