UBS On-Air: Market Moves

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  Back-to-School on the Markets with Jeffrey Gundlach (DoubleLine) & Solita Marcelli (UBS) 25.09.2026 42min

  A fireside chat featuring Jeffrey Gundlach, Chief Executive Officer, Chief Investment Officer and Founder of DoubleLine Capital, hosted by Solita Marcelli, UBS Global Head of Investment Management, which covers the current market and macro environment, including thoughts on the US economy, the Fed, and positioning across asset classes.
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  Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 73) 25.09.2026 11min

  On this week’s episode, we catch up with Burkhard following his recent visit to Uganda and Ghana as he shares how economic and business development and investment is influencing Accra’s rapidly evolving landscape.
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  UBS On-Air: Paul Donovan Daily Audio 'House problems' 25.09.2026 5min

  US Treasury Secretary “House” Bessent faces something of a housing problem. Despite Bessent’s efforts, US mortgage rates rose above 7% yesterday. The exact level is not important (except to the media, ever enraptured by round numbers). The increase erodes the spending power of new homeowners—and critically does so in a way that real income data does not capture. Inflation figures use a fictional housing cost measure, which hides the damage higher mortgage rates might do.
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  UBS On-Air: Paul Donovan Daily Audio 'In bondage?' 24.09.2026 5min

  US 10-year Treasury bond yields moved sharply above 5%, and the USDJPY exchange rate is back above 158. US Treasury Secretary “House” Bessent seems to be demonstrating the house does not always win. For Gen Z bond traders, a 0.15-percentage point rise in yields is scary. For Gen X bond traders, it is mild. A variety of concerns came together to worry the markets.
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  UBS On-Air: Paul Donovan Daily Audio 'Spinning away from war?' 23.09.2026 5min

  Markets have not fully regained their earlier optimism bias, but are a little more cheerful. Yesterday, US President Trump signed an agreement essentially reaffirming the status quo with Greenland and Denmark—but spun it as change. Could a similar course be pursued with Iran? Trump’s UN speech was aggressive but both the US and Iranian regimes make frequent use of hyperbole. After the speech, there was playground diplomacy, with Qatar shuttling between the US and Iran carrying notes.
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  Top of the Morning: Open Enrollment Season considerations and decisions 22.09.2026 13min

  Open enrollment season is right around the corner, and for many employees, that means making decisions about healthcare, insurance, retirement savings, and other workplace benefits. But how much thought should we really put into those decisions each year? Ainsley Carbone, Retirement Strategist, and Justin Waring, Head of UBS Wealth Way Strategy & Solutions, both with the UBS Chief Investment Office Global Investment Management team, walk you through these considerations. Host: Daniel Cassidy
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  Sustainable Investing Perspectives: Investing in Global Transitions 22.09.2026 21min

  This month’s episode focuses on investing in global transitions, bringing together experts from UBS Global Wealth Management and AGF. Featured are Melissa Amler, Senior Sustainable & Impact Investing Platform Specialist with UBS Global Wealth Management, along with Martin Grosskopf, Portfolio Manager and Director Sustainable Investing at AGF.
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  UBS On-Air: Paul Donovan Daily Audio 'Independent thinking' 22.09.2026 5min

  Gulf states, meeting on the fringes of the United Nations gathering, have suggested peace talks between Iran and the US are not progressing. Markets are not, perhaps, too surprised to learn this. The Gulf states are indicating a long-term desire to cooperate with Iran and provide mutual security in the region. Such independence is important, as it might change the recycling of Gulf petrodollars into US-focused military procurement. That would have market implications.
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  Top of the Morning: CIO Strategy Snapshot - Being Kevin Warsh 21.09.2026 15min

  With one source of uncertainty having been removed in the near-term, following last week’s Fed rate hike, there remain other risk factors on the minds of investors. Jason Draho, Head of Asset Allocation Americas from the UBS Chief Investment Office, outlines those risks, shares an outlook for monetary policy, and reviews the latest positioning recommendations from CIO. Featured is Jason Draho, Head of Asset Allocation Americas, UBS Chief Investment Office. Host: Daniel Cassidy
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  CIO Fixed Income Roundtable Podcast Series 21.09.2026 29min

  Hear from members of the UBS Chief Investment Office fixed income team as they provide a performance and positioning update across fixed income sub-sectors. Featured are Leslie Falconio, Head of Taxable Fixed Income Strategy Americas, along with Senior Fixed Income Strategists’ Letty Zemaitis, Frank Sileo, Sudip Mukherjee, Barry McAlinden & Sangeeta Marfatia, Senior Closed-end Funds Strategist, from the UBS Chief Investment Office.
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  UBS On-Air: Paul Donovan Daily Audio 'Affordability, again' 21.09.2026 6min

  US average diesel prices broke above USD 6.50 per US gallon for the first time ever. Since January 2025, overall price levels (measured by the consumer price index) are up 4.8%, with motor fuel prices up 17.0%, feeding perceptions of an affordability crisis. US President Trump indicated a willingness to meet with Iranian President Pezeshkian. The rhetoric from both sides remains negative. The US agreement with Denmark on Greenland might be a positive (reframing an existing agreement could be a useful precedent), but limited trust between the US and Iran complicates things.
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  Signal over Noise: Three takeaways from three days in Silicon Valley 21.09.2026 5min

  AI is giving robots new capabilities and attracting larger funding rounds, but rapid progress is also making tomorrow's leaders harder to identify. This episode draws on observations from Silicon Valley to explore the investment opportunities and disruption AI is creating, and the case for physical assets, cybersecurity, and diversification in portfolios.
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  House Call: Talking Equity Markets with UBS Asset Management 20.09.2026 14min

  A monthly discussion around the drivers behind equity market performance, along with the review of notable equity themes, positioning preferences, and a performance outlook. Featured are Jeff Hans, Portfolio Manager, Private Client US Equity, and Dominic Schagar, Investment Specialist, Active Equities with UBS Asset Management.
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  Washington Weekly Podcast: AI Safety, Congressional priorities post-Election Day 20.09.2026 11min

  Amidst growing concerns over AI safety, Shane shares how the topic is currently being discussed and debated amongst Washington lawmakers. We also highlight the recent passage of the Sanctioning Russia Act, along with the list of Congressional focuses and priorities to be revisited by lawmakers post the November midterm elections. Featured Shane Lieberman, Senior Governmental Affairs Advisors, Governmental Affairs US. Host: Daniel Cassidy
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  Top of the Morning: CIO Equity Pulse - Monthly performance update & outlook 18.09.2026 18min

  Join David Lefkowitz, Head of Equities Americas, each month for a look at the factors that are driving performance across US equities. We also cover risk considerations, thematic focuses, and positioning recommendations from the UBS Chief Investment Office (as outlined within the latest UBS House View). This month, David reflects on the September FOMC meeting outcome and implications of higher rates to US equity markets, shares thoughts around AI adoption and progression amidst recent AI safety concerns, how to think about the US midterm elections as an equity investor, and more. Host: Daniel Cassidy
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  UBS On-Air: Paul Donovan Daily Audio 'Policy peculiarities, and a productivity “miracle”' 18.09.2026 5min

  The Bank of Japan raised rates, as expected. The decision was not unanimous, causing a modest market reaction. The yen has weakened—yelling “house” like a grandmother in a bingo parlor does not offset fundamental market pricing. August inflation was a little lower than expected (helped by government influenced prices). The BoJ wants neutral interest rates, and another rate increase may follow.
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  Top of the Morning: FOMC reflections & US economy health-check 17.09.2026 11min

  Following this week’s highly anticipated FOMC meeting, Andrew Dubinsky, US Economist from the UBS Chief Investment Office, drops by the studio to share takeaways and reflections on the meeting outcome, along with the implications of the rate hike to US economy activity. We also discuss the current inflationary environment, labor market and how the markets have digested the rate hike. Host: Daniel Cassidy
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  UBS On-Air: Paul Donovan Daily Audio 'The lesser of two evils' 17.09.2026 5min

  Yesterday’s unanimous vote in favor of a US interest rate increase could be interpreted as defiance against political interference. Having raised once, the Federal Reserve is likely to raise again—to prove this rate increase was intentional and not a mistake (even if it was a mistake). The rate increase has no near-term impact on inflation or economic growth.
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  Top of the Morning: Fixed Income Strategist - Supply shifts 16.09.2026 16min

  A look into the interplay and market dynamics of large government debt issuance and AI-related debt fundraising, factors that have been contributing to rising long-end yields, along with positioning preferences within the asset class. Featured are Leslie Falconio, Head of Taxable Fixed Income Strategy Americas, and John Murtagh, Fixed Income Analyst Americas, UBS Chief Investment Office. Host: Daniel Cassidy
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  UBS On-Air: Paul Donovan Daily Audio 'A series of unfortunate events' 16.09.2026 6min

  After the pandemic, the world’s central banks were subject to a series of unfortunate events: supply chain disruption, a war in Ukraine, profit-led inflation, tariffs, and a war in the Gulf. These one-off events raised inflation, but (bar profit-led inflation) were beyond central bank control. But, when such events become a series, should central banks create deflation elsewhere to offset “one-off” events elsewhere?