UBS On-Air: Market Moves

Sunny Mehra, Consumer Strategist Americas with the UBS Chief Investment Office, drops by to provide a health check on the US consumer, including a look a recent spending trends and overall sentiment. Sunny reflects on the 2026 back to school shopping season, and previews how retailers are preparing for the upcoming holidays. Plus, a look at positioning preferences across the US Consumer Discretionary and Staples sectors. Host: Daniel Cassidy

On this week’s episode, we catch up with Burkhard following his recent visit to Hamburg, Germany as he shares takeaways from meetings held with families and their family officers where they discussed family wealth, family governance and generational transfers. Burkhard also recites the poem “IF” and explains how the messaging relates to the art of investing.

China’s August consumer and producer price inflation was slightly higher. The suggestion is not that better demand is driving up prices, but that global inflation forces are being allowed to trickle into domestic pricing.

Kurt and Shane drop by to discuss the two of the most consequential policy questions of the 2025 mid-term election cycle - something old (Social Security), and something new (Artificial Intelligence). These two issues differ greatly in age and character, but voters in both parties share concerns about each. Featured are Kurt Reiman, Head of Fixed Income Americas from the UBS Chief Investment Office, and Shane Lieberman, Senior Governmental Affairs Advisors from Governmental Affairs US. Host Daniel Cassidy

China’s July trade data showed ongoing growth in exports—some of this reflects re-exporting. The gap between what China says it is selling to the US and what the US admits to buying from China has reached extraordinary levels. China’s market share of US non-oil imports is 13.2% (China export data) or 8.4% (US import data). This suggests China’s US customers have become adept at avoiding tariffs, supporting China’s export sector.