Exchanges

Goldman Sachs

In each episode of "Exchanges," people from the firm share their insights on developments shaping industries, markets and the global economy.

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632 episodes
Updated Tuesday

Episodes632

Newest first

Jan 31, 2020 · 32 min
Goldman Sachs CFO Stephen Scherr Recaps the Firm’s First-Ever Investor Day
A Conversation with Goldman Sachs' Stephen Scherr and Jen Roth
Jan 17, 2020 · 17 min
What’s Next for the Airline Industry?
Scott Rubner of Goldman Sachs Global Markets talks through the five numbers he’s watching in markets, from $671 billion of money market inflows to the 32% “January effect.” Then, Catie O’Brien, also of Global Markets, provides a deep dive into the airline industry, including how the Boeing 737 Max is impacting supply and profitability, and how airlines have been reinvesting back into the product, resulting in more options than just coach or business class. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 10, 2020 · 16 min
How are “Carbonomics” Reshaping the Energy Industry?
A Conversation with Goldman Sachs' Michele Della Vigna and Oscar Ostlund
Jan 6, 2020 · 22 min
What’s the Outlook for the US Stock Market in 2020?
A Conversation with Goldman Sachs' David Kostin and Tony Pasquariello
Dec 15, 2019 · 37 min
Is Sustainable Finance the Next Big Commercial Opportunity?
A Conversation with Goldman Sachs' John Goldstein
Dec 9, 2019 · 25 min
What’s Ahead for Europe’s Economy in 2020?
In this episode, Jake Siewert sits down with Jari Stehn of Goldman Sachs Research to discuss his team’s outlook for Europe’s economy in 2020. “We think 2020 is going to be a better year for Europe than 2019,” Stehn says. “We expect growth to be 1.1% next year, which is a bit above consensus, and is certainly notably above where the current numbers are running.” Stehn goes on to explain the drivers behind this growth pick-up as well as key risks that could derail estimates. Learn more about your ad choices. Visit megaphone.fm/adchoices
Dec 2, 2019 · 21 min
Fiscal Focus
With monetary policy, conducted by central banks, nearly exhausted in the major economies and low interest rates globally, whether fiscal policy, conducted by governments, should play a greater role from here is Top of Mind. In this episode, Goldman Sachs Research’s Allison Nathan interviews former IMF Chief Economist, Olivier Blanchard, Harvard professor, Alberto Alesina, and Goldman Sachs’ Chief Economist, Jan Hatzius. They discuss whether increased fiscal stimulus today would do more good than harm, and, even if it would, whether the economies that need it the most will pursue it. Our key takeaways: Germany should embrace a large fiscal expansion, but likely won’t; investors should expect some more fiscal stimulus in China, but only enough to avoid a sharp slowdown. Audio of former European Central Bank President Mario Draghi is courtesy of the European Central Bank YouTube channel via the Creative Commons Attribution license ⁠https://www.youtube.com/watch?v=TjIaLD4I8go⁠). Learn more about your ad choices. Visit megaphone.fm/adchoices
Nov 18, 2019 · 25 min
How Are Healthcare CEOs Steering Through Uncertainty?
A Conversation with Goldman Sachs' Marshall Smith
Oct 30, 2019 · 24 min
Why Startups Shouldn’t All Be Pitched As ‘Tech Companies’
A Conversation with Goldman Sachs’ Gregg Lemkau and Two Entrepreneurs
Oct 16, 2019 · 19 min
Growth and Geopolitical Risk
The market has once again been gripped by recession fears at the same time that geopolitical and policy risk is flaring up. Some of these risks—like the US-China trade war—are feeding recessionary fears, while others—like the attack on Saudi oil facilities that led to the largest ever daily disruption in oil supplies—have gone almost unnoticed. And this is despite the fact that oil shocks were one of the most common causes of recession historically. Whether this complacency is warranted, and the vulnerability of the economy and markets to this and other geopolitical shocks, is Top of Mind. In this episode, Goldman Sachs’ Head of Energy Research Damien Courvalin explains why the oil market is much better positioned to deal with supply outages today, and thus is a less likely recession trigger than in the past. But the Council on Foreign Relations’ President, Richard Haass, and Columbia Professor Richard Nephew explain why instability looks set to rise in the Middle East and beyond. Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 11, 2019 · 25 min
What’s Next for Direct Listings and IPOs?
A Conversation from Goldman Sachs' Private Innovative Company Conference
Oct 1, 2019 · 33 min
What’s on David Solomon’s Mind as He Enters Year Two as CEO?
A Conversation with Goldman Sachs CEO David Solomon
Sep 25, 2019 · 17 min
How Can Cities Adapt to Climate Change?
A Conversation with Goldman Sachs' Amanda Hindlian and Sandra Lawson
Sep 19, 2019 · 28 min
What’s It Really Like to Be a Goldman Sachs Intern?
A conversation with Dane Holmes, Goldman Sachs’ head of human capital management, and two recent interns.
Sep 17, 2019 · 22 min
Currency Wars
President Trump has voiced concern that a strong Dollar is damaging US competitiveness. Of course, exchange rates do matter for trade, and the US' non-oil trade balance has deteriorated sharply since the Dollar began to climb in 2014. So it’s no surprise that Trump’s laser focus on the US trade deficit would end up targeting Dollar strength—and that currency would become another front in the US-China trade war. Whether the US should, could, and would begin to proactively manage the Dollar, and whether these actions—or further trade war escalation—could lead to a global “currency war” is Top of Mind. In this episode, Goldman Sachs Research’s Allison Nathan gets perspectives from the Peterson Institute’s Joseph Gagnon and the Council on Foreign Relations’ Brad Setser; both believe that Dollar strength and the associated US trade deficit are cause for concern, but see low odds of US foreign exchange intervention that triggers a currency war (Goldman Sachs analysts agree). But given that China has been managing the Yuan stronger than it otherwise would be, trade war escalation that motivates a sharp Yuan depreciation could be such a trigger. Learn more about your ad choices. Visit megaphone.fm/adchoices
Sep 13, 2019 · 28 min
Why Does Goldman Sachs President and COO John Waldron View Himself as COO First and President Second?
A Conversation With Goldman Sachs' John Waldron
Sep 3, 2019 · 50 min
What Can Wall Street and Silicon Valley Learn From Each Other?
A Conversation with Goldman Sachs' Marty Chavez on the Future of Financial Services
Aug 22, 2019 · 22 min
Top of Mind: Dissecting the Market Disconnect
A Special Episode Featuring Our Newest Podcast, Top of Mind at Goldman Sachs
Aug 13, 2019 · 24 min
Central Bank Independence
The US Federal Reserve’s sharp pivot toward easing amid substantial White House pressure has raised concerns about central bank independence, as have developments in other advanced and emerging market economies alike. How worried we should be about this threat—and its implications for policy, the economy, and markets—is Top of Mind. In this episode, Goldman Sachs Research’s Allison Nathan interviews former central bankers Donald Kohn and Sir Paul Tucker who explain why central bank independence is critical to maintaining price and financial stability—even today when too little, rather than too much, inflation is the main problem. But while Kohn is concerned that Trump’s overt pressure could undermine Fed credibility, Tucker worries more that over-reliance on central banks since the GFC has left them vulnerable to politicization. Nathan also speaks with the firm’s chief economist Jan Hatzius who does not believe the Fed has responded directly to pressure from the White House, but does think that political pressure could already be influencing Fed policy through indirect channels such as bond market pricing. That said, Hatzius argues this in itself shouldn’t inflict too much harm on the economy unless inflationary pressures rise materially. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jul 25, 2019 · 23 min
Ride Hailing, Electric Scooters, Even Flying Cars – What’s Next for the Mobility Market?
Heath Terry of Goldman Sachs Research explains how ride-hailing and new businesses are poised to fuel a $7 trillion global mobility market.

Exchanges

Goldman Sachs CFO Stephen Scherr Recaps the Firm’s First-Ever Investor Day

What’s Next for the Airline Industry?

How are “Carbonomics” Reshaping the Energy Industry?

What’s the Outlook for the US Stock Market in 2020?

Is Sustainable Finance the Next Big Commercial Opportunity?

What’s Ahead for Europe’s Economy in 2020?

Fiscal Focus

How Are Healthcare CEOs Steering Through Uncertainty?

Why Startups Shouldn’t All Be Pitched As ‘Tech Companies’

Growth and Geopolitical Risk

What’s Next for Direct Listings and IPOs?

What’s on David Solomon’s Mind as He Enters Year Two as CEO?

How Can Cities Adapt to Climate Change?

What’s It Really Like to Be a Goldman Sachs Intern?

Currency Wars

Why Does Goldman Sachs President and COO John Waldron View Himself as COO First and President Second?

What Can Wall Street and Silicon Valley Learn From Each Other?

Top of Mind: Dissecting the Market Disconnect

Central Bank Independence

Ride Hailing, Electric Scooters, Even Flying Cars – What’s Next for the Mobility Market?