Top of the Morning: CIO Strategy Snapshot - What Exactly is Trumponomics?
As investor uncertainty persists over the direction of US trade policy, Jason applies some definition to “Trumponomics”, along with explains the equity and bond market response to recent tariff developments. Plus, a preview of busy week ahead which includes numerous Q1 corporate earnings results, retail sales data - and of course - likely further news on tariffs. Featured is Jason Draho, Head of Asset Allocation Americas, UBS Chief Investment Office. Host: Daniel Cassidy
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18:35
UBS On-Air: Paul Donovan Daily Audio 'Policy competence questions'
US President Trump retreated from more trade taxes on Friday, exempting iPhones and some other electronics from much of the 145% tax on imports from China. This would have been a very visible tax increase. While consumers tend to be sensitive to the price of high frequency purchases like food and fuel, a roughly 60% increase in an iPhone’s consumer price from trade taxes would be noticed.
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3:02
UBS On-Air: Paul Donovan Daily Audio 'Not entirely usual'
US President Trump’s administration clarified the 125% tax on imports from China was 145%. This increase will not shift demand patterns (it will cost US consumers more money). For investors, this raises policy competence questions again. A well-planned trade tax would consider costs. Tax rates set seemingly at random question whether costs are properly considered.
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6:12
Top of the Morning: Why we're not worried - and you shouldn't be either
It’s natural to feel anxious during market drawdowns, which is why having a plan to weather market storms (and take advantage of market volatility) can be helpful. Justin outlines some reasons to be confident and calm during market drawdowns, and how to plan accordingly. Featured is Justin Waring, Senior Total Wealth Strategist, UBS Chief Investment Office. Host: Daniel Cassidy
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15:45
Washington Weekly Podcast: Tariff developments, Budget resolution & more
As US trade policy continues to evolve quickly, Shane drops by to update us on the latest, and what the near-term may consist of with respect to negotiations. We also discuss progress around the budget resolution up on Capitol Hill, and recap Israeli Prime Minister Netanyahu’s White House visit earlier this week. Featured is Shane Lieberman, Senior Governmental Affairs Advisor, Governmental Affairs US. Host: Daniel Cassidy
Ireland