UBS On-Air: Market Moves

A lot happened around the oil market: US president Trump announced a deal with Russian President Putin to buy Russian diesel; the Houthis attacked Riyadh airport in Saudi Arabia; Trump announced an “energy ceasefire” between Russia and Ukraine; Russia subsequently attacked Ukraine energy facilities; the US reportedly threatened to stop arms sales to Ukraine if they attacked Russian energy facilities.

Over the past few years, markets have looked beyond a shifting economic backdrop and focused on the prospect of exceptional earnings growth. This episode explores why AI investment has become a key driver of corporate profits, how private capital is fueling demand for compute, and whether the current earnings outlook can be sustained.

Marc Lipschultz is Co-Chief Executive Officer of Blue Owl Capital and a member of the firm’s board of directors. Marc drops by the 1285 podcast studio to share his perspective on how the landscape for private credit has evolved throughout the course of 2026. We also discuss where Blue Owl is finding opportunities across Real Assets, including within digital infrastructure. Plus, thoughts on the kinds of roles that a financial advisor should fulfill in the ‘era of the advisor’. Host: Daniel Cassidy

As the U.S. midterm elections are quickly approaching, Shane identifies the Senate races that he is closely watching, and what polling is currently pointing to. With the U.S. Supreme Court now back in session, we also review some notable cases on the docket. Plus, a look at how U.S. officials have been responding to reported public health concerns in Siberia. Featured is Shane Lieberman, Senior Governmental Affairs Advisor, Governmental Affairs US. Host: Daniel Cassidy

US President Trump’s social media account declared the US would not attack Iran before the midterm elections. Other actors in the war may launch attacks. The post does reveal the concern about the political costs of the war, and rekindled some of the optimism bias in markets. However, the political costs presumably shift after the midterms.