UBS On-Air

The IMF World Economic Outlook revised up its global growth estimate. This is no surprise. The speed and strength of an economic recovery from a crisis is always, always underestimated. The only surprise is how few people remember economic history. The IMF was also warning about the problems of structural changes in the economy.

As a complement to the Cash Management and Liquidity Solutions piece recently published by the UBS Family Office Solutions Group and Portfolio Advisory Group, Rick Hollmann (Client Solutions Specialist, Family Office Solutions Group), Brian Formento (Senior Portfolio Specialist, Family Office Solutions Group) and Tom Cameron (Global Liquidity Management, UBS Asset Management) recently recorded a podcast discussing key findings. This podcast introduces a framework for helping to construct a portfolio of diversified liquidity solutions and strategies for yield enhancement, while remaining mindful of the trade-offs between the various risk dimensions.

Today we explore the likelihood of a contested-election outcome this cycle (on both state and federal levels), how the markets might respond and how to prepare your portfolio for such an event. We also discuss some important considerations when it comes to tax and estate planning ahead of Election Day. Featured are Tom McLoughlin, Head of Fixed Income Americas, UBS Chief Investment Office and Shane Lieberman, Federal Affairs Manager, UBS US Office of Public Policy. Host: Daniel Cassidy

Consumers are in focus in the data today. Chinese export numbers were in the upper part of the forecast range for September. People emerged from lockdown eager to spend their savings on stuff (rather than services). China is, for now, the largest manufacturer in the world, and so Chinese exports have logically grown. It is far too soon for trade localization to have affected this data.

Today we examine the drivers behind the recent upside momentum in US equity markets and the numerous near-term events that investors will be paying close attention to. Featured are Jason Draho, Head of Asset Allocation Americas, and David Lefkowitz, Head of Equities Americas, UBS Chief Investment Office. Host: Daniel Cassidy

US fiscal policy negotiations are starting to look a lot like the EU-UK divorce negotiations, being both tedious and interminable. The chances of a fiscal deal before the presidential election are fading again, with US House Speaker Pelosi and US President Trump blaming each other for the failure to do a deal. This hurts those who are unemployed as well as those who are afraid of being unemployed, and will slow the recovery.

Today we recap the week that was, particularly within treasury markets. We also touch on positioning within fixed income, notable macro data releases over the past week and what you can expect in the week ahead. Featured is Leslie Falconio, Senior Fixed Income Strategist Americas, UBS Chief Investment Office. Host: Griffin Marie

We check in with the UBS US Office of Public Policy to discuss the latest developments within the beltway and beyond. Our conversation today touches on reflections from the Vice Presidential debate and voter response, the path forward for future debates, the prospects for targeted stimulus relief and more. Featured is Shane Lieberman, Federal Affairs Manager, UBS US Office of Public Policy. Host: Daniel Cassidy

Another day of sitting behind a computer and doing a comment, knowing that the audience can cut me off whenever they want. The debate over the next US presidential debate is of almost zero interest to financial markets.

Today we take a look at the US financials sector and examine the kind of role the space is playing in the economic recovery, the factors that are driving valuations, potential election implications, a preview of the Q3 reporting season and more. Featured is Brad Ball, Financials Analyst Americas, UBS Chief Investment Office. Host: Daniel Cassidy

Hopes for a US pre-election fiscal stimulus are quietly fading to nothing. There might be something for the airlines, but no big package looks likely given the language (and amount of time available). The personal damage is worst for those who are unemployed. The economic damage is worst if people with jobs keep hold of savings as an insurance policy.

Today we check in on the US energy sector and explore potential outcome implications of the upcoming election, how the sector is adopting ESG considerations into its' business practices, an outlook for oil prices, positioning and more. Featured is Nicki Decker, Energy Analyst Americas, UBS Chief Investment Office.

Being middle-aged has its costs? I do not have a TikTok account, and am only on Twitter by accident. However, being middle-aged, I have experience that brings a sense of deja vu. The IMF announced it would be revising up its economic growth estimates. The WTO announced it would be revising up its trade estimates. Middle-aged experience tells us there is always a tendency to underestimate people's willingness to adapt in a crisis?which is why we always get positive revisions after a crisis.

Today we discuss why estate planning should be an urgent priority for wealthy families, in light of several catalysts coming the pike that might alter US tax policy in a significant way. My guest breaks down what you need to know, what actions you should take today, the conversations you should have with your financial advisor and more. Featured is Brad Dillon, Senior Wealth Strategist, UBS Advanced Planning. Host: Daniel Cassidy

You probably have been hearing the acronym SPAC cited frequently over the past few months. SPACs or Special Purpose Acquisition Companies aren?t necessarily a new concept, though they have been gaining popularity in recent time. Today we explain everything you need to know about SPACs, including important investment considerations, and why popularity has been on the rise. Featured is Jason Draho, Head of Asset Allocation Americas, UBS Chief Investment Office. Host: Daniel Cassidy