UBS On-Air: Market Moves

In part two of a two part mini-podcast series, Andrew Dubinsky, US Economist from the UBS Chief Investment Office, joins to provide an assessment of AI’s effects on US economic activity and productivity. Host: Daniel Cassidy

Friday's market moves are attention grabbing, but economically more muted. The crypto gyrations are speculation, with little real world relevance (beyond the alleged boost to North Korea's GDP). The technology moves reflected concerns in one sector rather than signaling a general economic crisis. US consumer behavior has followed a broadly similar pattern to that of other consumers less obviously exposed to technology equities.

AI disruption is leading investors to look beyond the technology leaders themselves and rethink quality in an AI-driven market. This episode explores why businesses built around essential human needs, physical infrastructure, and durable barriers to entry may offer a resilient complement to AI exposure.

Shane drops by to outline the closing messages of Congressional and Gubernatorial candidates with just days to go before Election Day, along with an assessment of current polling. Plus, a look at the Pentagon’s plans to update the continuity and operational resilience strategy of military bases across the US. Featured is Shane Lieberman, Senior Governmental Affairs Advisor, Governmental Affairs US. Host: Daniel Cassidy

European Central Bank President Lagarde's decision to resign early (perhaps to spend more time doing book tours) was not unexpected, even if the timing was uncertain. The succession process is driven by political horse trading, not tests of competence.