What'd You Miss This Week

This week, Jeff Korzenik, chief investment strategist at Fifth Third Bank joined to talk about connecting the Federal Reserve's theoretical policymaking with its real-world impact on the economy. Frederik Ducrozet, strategist at Pictet Wealth Management, came on to discuss the outlook for Europe's economy, the return of Brexit and the real possibility of negative rates in the U.K. Paul Halpern, former CFIUS Director at the Department of Defense and Halpern Analytics founder, joined to talk about the Trump administration moving to ban TikTok and WeChat from U.S. app stores. Then David Hanke, a leading national security and public policy lawyer for domestic and foreign companies and partner at Arent Fox, joined to talk about the impact of the U.S.-China tech cold war on heightened scrutiny for international deals.

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This week, Ursula Burns, the former CEO of Xerox and current senior advisor at Teneo, joined to talk about her work leading the Board Diversity Action Alliance and why she thinks corporate leaders should be speaking out even more on societal issues. Leigh Drogen, the founder and CEO of the open financial estimates platform Estimize, came to on to talk about how big tech's stay-at-home rally turned into a rout this week and if valuations are really that far off for the sector. Then Exante Data Founder and CEO, Jens Nordvig, joined to discuss the state of the global recovery and whether there is a clear data correlation coronavirus cases and economic indicators.

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This week, Darrick Hamilton, the Henry Cohen Professor of Economics and Urban Policy at The New School, and Naomi Zewde, an assistant professor in the Graduate School of Public Health and Health Policy at City University of New York, joined to talk about New Jersey Governor Phil Murphy’s baby bonds plan and how it could start to close the racial wealth gap. 

Viral Acharya, former Deputy Governor of the Reserve Bank of India and NYU economics professor, came on to offer a global economic outlook ahead of jobs day and give his grade for global central bankers. 

Then Matt Kalish, Draftkings's Co-Founder and President for North America, joined to talk about the company’s new deal with NBA legend Michael Jordan and the Chicago Cubs. 

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This week, Diane Swonk, Grant Thronton chief economist, joined to discuss Federal Reserve Chairman Powell's policy shift to let inflation and employment run higher and whether the central bank could feasibly achieve the new policy goal. Srinivas Thiruvadanthai, research director for the Jerome Levy Forecasting Center, came on to talk about the Center's new report on just how unequal the recovery has been between large corporations and small businesses. Erica Groshen, former Commissioner of the U.S. Bureau of Labor Statistics, discussed the wave of corporate layoffs announced this week. Then Anastasia Seebohm, CEO of the global members-only concierge company Quintessentially Group, came on to talk about how the luxury market is fairing amid the downturn and adapting to the new pandemic reality.

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Salil Parekh, the CEO of Infosys, one of the largest IT outsourcing companies in the world, joined to talk about how he has handled business being battered by the pandemic and changing immigration policies across the west which have forced the company to pivot to hiring local talent, as opposed to bringing IT consultants from India. Then Chris Ailman, the chief investment officer at CalSTRS, discussed why he thinks the current market is not sustainable and a choppy recovery is coming for everything but big tech as well as how climate change risks affect his investment decisions.

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This week, Crunch Worldwide CEO Jim Rowley joined to talk about the toll the pandemic has taken on his workforce, his push to safely reopen and why Peleton won't be the end of gyms. The new OpenTable CEO Debby Soo came on to discuss why she is confident that consumer demand will return despite the company's recent data predicting one in four U.S. restaurants will go out of business. Indi Dutta-Gupta, co-executive director of the Georgetown Center on Poverty and Inequality, explained how to institute policy to enable the U.S. economy to recover, but in a more inclusive way. Then Adam Boehler, CEO of the U.S. International Development Finance Corporation, joined to talk about the agency's intended $765 million loan to Kodak, which is now on hold amid an investigation into potential insider trading.

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This week, Mona Mahajan, U.S. investment strategist at Allianz Global Investors, joined with her outlook - discussing whether the massive outperformance from tech stocks is justified and why she is expecting August to bring more risks and volatility for markets. Tiffany Wilding, U.S. economist at PIMCO, came on to react to the jobless claims and explain why the V-shaped recovery in April and May won't last. Sonos CEO Patrick Spence joined after the company's earnings and said why he is confident of the company's supply chain shift and expects his IP case against Google will go as planned. Then Mark Urquhart, Baillie Gifford partner and fund manager for its Long-Term Global Growth Equity Fund, which has beaten 99% of its peers in three-year annual returns and is currently up 37 percent year-to-date, had a wide-ranging conversation with Caroline about his two decades of experience investing in China and whether the fund's winning formula with big bets on Netflix, Amazon and Tencent, is here to stay.

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This week, Nick Maroutsos, head of global bonds at Janus Henderson, offered his outlook ahead of the Federal Reserve's rate decision. Nick told us why he thinks the Fed is "the only game in town" as investors are looking past grim economic data and driving up the market knowing the Fed if there to backstop it. Win Thin, global head of currency strategy at Brown Brothers Harriman, joined to talk about why he thinks "all the stars are aligned against the dollar right now." Mehrsa Baradaran, Associate Dean for Diversity, Equity and Inclusion at the University of California Irvine Law School and the author of "The Color of Money" came on to talk about Joe Biden joining calls for the Federal Reserve to expand their dual mandate to factor in racial economic equity and how much impact the central bank can have on income inequality. Then Dina Srinivasan, a fellow at Yale's Thurman Arnold Project, who has authored the papers “The Antitrust Case Against Facebook” and "Why Google Dominates Advertising Markets" joined after the tech hearings on Capitol Hill to talk about whether the four CEOs really walked away from Congress relatively unscathed like the market reaction implied.

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Boris Jordan, Curaleaf executive chairman, joined to talk about how our stay-at-home reality is delivering a boost to the cannabis industry with increased demand and more states considering recreational marijuana for revenue amid budget shortfalls, and what a Biden administration could mean for the sector. Entertainment mogul Steve Stoute, founder and CEO of UnitedMasters and Translation, came on to discuss his plan to upend the music industry by giving artists 100 percent royalties and how the entertainment industry is evolving without live events. Howard University President Dr. Wayne Frederick explained why the school's $209 million debt sale drew so much investor attention, the opportunity for HBCUs amid the push for racial equity, and the uncertainty facing colleges over the fall semester. Then Mooky Greidinger, the CEO of Cineworld, the parent company of Regal Cinemas, joined to discuss his plans to safely reopen theaters and why he thinks consumers will return for the in-person movie experience.

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This week, Analog Devices CEO Vincent Roche joined to discuss his $21 billion dollar chip deal to acquire rival Maxim and where he is seeking to gain scale with the combined company. George Pyne, founder and CEO of Bruin Sports Capital, came on to talk about Dan Snyder's decision to retire the Redskins name from the Washington NFL team after years of refusing to entertain the idea and what it could mean for the team's hopes for a new stadium. Michael Chertoff, former U.S. Secretary of Homeland Security under President George W. Bush and current executive chairman of The Chertoff Group, went through this week's high profile hacks with Twitter's worst security breach ever and the news that Russian intelligence is working to steal crucial COVID-19 vaccine research. Then Emily Oster, Brown University economics author and best-selling author of parenting books, "Expecting Better" and "Crib Sheet" talked about the data around children, coronavirus and school reopenings and why the U.S. economy depends on what happens to kids this fall.

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