Hosts Mike Regan and Vildana Hajric are joined each week by expert guests to discuss the main themes influencing global markets.
Latest Episodes
- Elon, Inc: Elon Musk Bingo on Tesla’s Earnings CallFrom our friends over at the Elon, Inc podcast from Businessweek, hosted by David Papadopoulos, is this special episode we're sharing to our What Goes Up listeners. Please enjoy this episode, subscribe to Elon, Inc. and leave a review! ---- For years, Tesla fans and critics alike have produced mock bingo cards ahead of Tesla earnings calls. And so, in honor of Tesla’s next call, which will be held Jan. 24 after markets close, the Elon Inc. crew produced our own bingo game. This week we preview Tesla’s Q4 2023 earnings and introduce our picks for which Muskisms will carry the day. You can download a PDF of this quarter’s bingo card here. In this episode we also recap the other major events from the week: A visit to Auschwitz, a farewell to a former political ally and a paltry attempt at feud of the week.
- Zero: Can an Oil Exec Successfully Lead COP28?The UN Climate Conference COP28 starts next week. Before Akshat heads to the conference he’s joined by Aaron Rutkoff, the editor of Bloomberg Green, to talk about what COP’s current controversial president Sultan Al Jaber has accomplished so far and what he must achieve. They also decode COP jargon like “orderly decline,” discuss the stakes for the UAE’s biggest diplomatic exercise and expectations for the final communiqué.
- Why China’s Real Estate Crisis Is DifferentThe troubles facing highly indebted property developers in China have dominated conversations about the Asian nation’s economy and markets this year. Yet according to Rayliant Global Advisors’ Jason Hsu, there’s an important distinction between this housing crisis and previous ones elsewhere: The developers are the ones who are over-leveraged—not households. And that difference is guiding policymakers’ response. Hsu, chief investment officer of Rayliant and a co-founder of Research Affiliates, joined the What Goes Up podcast to discuss China and other emerging markets. “Chinese households are not levered when it comes to real estate,” he says. “They’re not levered because they can buy their first home with money down—and they pay quite a bit money down—and they generally have to sort of have enough income to cover the payment. That bankruptcy you’re seeing in the developer sector is very engineered. On the household side, there’s not a balance-sheet crisis, because they’re not buying real estate on leverage. So they really don’t think there’s a meaningful problem there.”
- Is the Fed Done Raising Rates? Ellen Zentner Thinks SoWhen it comes to the US Federal Reserve’s campaign to crush inflation by raising interest rates, Morgan Stanley Chief US Economist Ellen Zentner says this: “I have a strong view that they’re done here—but they have left the door open.” Zentner joined the What Goes Up podcast to discuss the Fed’s decision this week to pause rate hikes, and what she expects of monetary policy and the US economy going forward. Cooling inflation should keep the central bank on hold until it’s ready to cut rates next year, she says. In the near term, a potential government shutdown by Republicans would bolster the case for maintaining the status quo at the Fed’s November meeting. A shutdown, she explains, would leave policymakers without all of the economic data they need to make a decision. “In monetary-policy making, uncertainty tends to lead to policy paralysis,” Zentner says. “If we’re lacking data that the Fed can officially sink its teeth into, then that’s going to lead to an inability to make a decision about the path for rates.”
- A Dip Worth Buying?From artificial intelligence to electric vehicles and travel stocks, some of the previously hot equity-market themes have borne the brunt of the selling during the market’s dip in August and September. Sylvia Jablonski, chief executive of Defiance ETFs LLC, joined the What Goes Up podcast to discuss why that is. She also makes the case for buying the dip. “Everyone kind of panics, sells off tech, sells off growth and goes back into cash, cash equivalents, staples and kind of the defensive types of plays,” Jablonski explains. But “these are actually great opportunities, especially if you’re a young person investing for the long term. These are amazing opportunities to dollar-cost average. That’s how I would characterize this market this year.”
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