On this Jobs Day Friday, Matt joins Tony, John, and Brendan to discuss disappointing September jobs numbers, news of the House's passage of a $2.2 trillion stimulus bill, and how the remainder of the 2020 campaign cycle plays out with news of the President and First Lady's COVID-19 diagnosis. The crew also discusses the status of the Supreme Court nomination process, the likelihood of the Senate's passage of the stimulus bill before the weekend, and what's ahead next week.
Oct 02, 2020•39 min•Season 2Ep. 42
HPS Managing Director Bryan DeAngelis speaks with HPS Partners Michael Steel and Stacy Kerr about the first presidential debate, if it mattered for voters, and if there will be another debate. With the election representing a referendum on President Trump, they discussed if his "style" was effective and if former Vice President Biden exceeded expectations. Plus, they preview the vice presidential debate and the likelihood of a stimulus package ahead of the election.
Sep 30, 2020•42 min
Tony Fratto and Markets Policy Partners reflect on Ruth Bader Ginsburg's legacy and what the Supreme Court vacancy means for the markets and the likelihood of another stimulus package. The crew also breaks down the Fed's latest monetary policy decisions and the shift to an average inflation target.
Sep 25, 2020•37 min•Season 2Ep. 41
Matt McDonald and Stacy Kerr join John and Brendan to discuss the latest from the Federal Reserve, including inflation targets, calls for fiscal stimulus, and muted market reactions to recent announcements. The crew also explores the possibility of another stimulus bill and the realities of election outcomes for 2020 before looking ahead to what's to come as the clock keeps ticking toward November 3rd.
Sep 18, 2020•39 min•Season 2Ep. 40
As part of our continuing look at the 2020 elections, HPS partner Michael Steel speaks with Danielle Burr, Uber's head of federal affairs, about Uber's get out the vote efforts this year. With more private sector companies taking an active role in improving voter accessibility in 2020, Burr discusses how and why Uber is using its unique platform to help people get to the polls.
Sep 17, 2020•7 min
Tony, John, and Brendan take some time this week to reflect on the impact and legacy of 9/11 and how both it, and COVID-19, have redefined national security. The gang also makes sense of current market dynamics, what is happening to stay-at-home stocks, and where the market is headed. Looking ahead, the gang breaks down expected global central bank activity and the likelihood of a new round of federal stimulus relief.
Sep 11, 2020•42 min•Season 2Ep. 39
Matt joins Tony, John, and Brendan to discuss new Jobs Day figures, what jobs are coming back, and what jobs are not. The team also discusses the market selloff, whether the pandemic-driven technology revolution has been oversold, and how markets react to vaccine news. Finally, the squad discusses ECB complaints on a strong Euro and upcoming inflation data.
Sep 04, 2020•38 min•Season 2Ep. 38
Michael Steel and Bryan DeAngelis sit down with Jim Tankersley, New York Times tax and economics reporter, to discuss changes in the middle class economy from the 1950s through today and talk about Jim's new book on the topic, " The Riches Of This Land. " They also discuss how the fallout of COVID-19 is impacting middle class families and which corporate and federal policies can help build a more inclusive future economy....
Sep 04, 2020•36 min
On this week's episode of the Macrocast, Tony and John are joined by guests Michael Steel and Bryan DeAngelis to break down the RNC convention and discuss the current state of politics. The gang also discusses the Fed's new approach to inflation and what this means both in practice and for markets.
Aug 28, 2020•39 min•Season 2Ep. 37
Tony, John, and Brendan are joined by Stacy Kerr and Michael Steel to discuss Fed minutes, unemployment claims, and phase four pandemic package negotiations. The crew also talks about the presidential race, discusses the DNC, and looks ahead to the RNC.
Aug 21, 2020•43 min•Season 2Ep. 36
Tony, John, and Brendan discuss the steepening yield curve, Treasury and muni markets, and how the Fed can tweak lending facilities to meet the moment. The crew also talks through the likelihood of another federal stimulus package. Plus, they discuss housing data, increased fees on mortgages, and what this all means for the housing market.
Aug 14, 2020•36 min•Season 2Ep. 35
Matt joins Tony, John, and Brendan to discuss new Jobs Day figures, the impacts of the pandemic on individual sectors' jobs numbers, and market reactions to the latest interactions between the U.S. and China. The team also discusses ongoing negotiations over the next stimulus package and a possible executive order, the performative aspects of congressional dealmaking, and what's behind the smoke and mirrors of Microsoft's potential deal with TikTok.
Aug 07, 2020•37 min•Season 2Ep. 34
Tony, John, and Brendan discuss Big Tech's antitrust hearing & Q2 earnings, national security issues in the pharmaceutical supply chain, and this week's FOMC meeting. They also talk about where negotiations stand on a phase four coronavirus relief bill.
Jul 31, 2020•38 min•Season 2Ep. 33
John Dick, Founder and CEO of Civic Science, joins Tony, John, and Brendan to discuss the latest economic sentiment index readings—from price sensitivity and savings, to the end of unemployment insurance payments. The guys also discuss the market's response to increasing COVID cases across the country, the pitfalls of the Main Street Lending Program, and the latest on European stimulus. Finally, the crew previews Fed interest rate news, Q2 GDP numbers, and earnings for the tech giants coming up ...
Jul 24, 2020•38 min•Season 2Ep. 33
Sonal Shah, the Founding Executive Director of the Beeck Center for Social Impact + Innovation at Georgetown and former Deputy Assistant to President Obama, joins Stacy Kerr and Tony Fratto to discuss inclusive finance and the economic landscape. Sonal shares insights on her experience working on the Biden-Sanders Unity Taskforce, what COVID is exposing in our economy, how to bring new economic voices and perspectives to the forefront, and what government and philanthropic organizations can do t...
Jul 17, 2020•53 min
To cap off a relatively "normal" week, Tony, John, and Brendan talk through what we've learned so far from Q2 earnings and how they represent the divergence in how companies have fared during the pandemic. The gang also takes a global look at the European economy, ECB fiscal stimulus, and how U.S.-China tensions have evolved from trade disputes to cultural confrontation. Plus, they take a look ahead to upcoming earnings.
Jul 17, 2020•38 min•Season 2Ep. 32
In a new episode of HPS Insights' special series on higher education we talk to Matt Perault, Director of the Center on Science & Technology Policy and former Head of Global Policy Development at Facebook. Matt joins Stacy and Elliott to discuss synergies between the technology and education worlds and innovation in higher education in the time of COVID-19. They dive into the contributions that universities are making to public policy and discuss tech regulation on the horizon....
Jul 15, 2020•36 min
Matt, John, and Brendan discuss the state of play with initial government-run pandemic relief programs wrapping up and take a look at how the "real" economy in America is doing at this moment in time. The guys also talk about the 2020 presidential race and preview upcoming Q2 earnings.
Jul 10, 2020•34 min•Season 2Ep. 31
Tony, John, and Brendan break down another interesting jobs report and try to make sense of what it means for the state of the economy. The gang also plays a game of "known knowns and known unknowns" to try to figure out what we can expect in the weeks and months ahead for schools, fiscal support, the economic recovery, and even politics.
Jul 02, 2020•36 min•Season 2Ep. 30
On the third episode of HPS Insights' special series on higher education, Stacy, Matt, and Elliott host Dr. Debbie Cottrell, President of Texas Lutheran University in Seguin, Texas. Dr. Cottrell joins the podcast to discuss her role as the head administrator at a small, private university and the behind-the-scenes planning of students' eventual return to campus after the COVID-19 pandemic. The team discusses the economic effects of the pandemic on the higher education sector, how policymakers ca...
Jul 01, 2020•39 min
The second episode of HPS Insights' special series on higher education features Brent Colburn, Vice President for Communications and Public Affairs at Princeton University. Brent joins Stacy, Matt, and Elliott to discuss COVID-19's effect on the university environment and how colleges are coping with unpredictable changes for attendance, athletic events, conferences, and more. They also discuss how universities handle costs and financial resources, student aid, federal loans, student debt, and e...
Jul 01, 2020•31 min
On the first episode of HPS Insights' special series on higher education, Stacy Kerr hosts Matt McDonald and Elliott Owensby to discuss their new analysis on the higher education landscape. They preview their conversations with investment officers, university presidents, and public affairs officers in the higher education sector and break down the results of their research findings on endowments, tuition costs, the net price of higher education, and the future of universities.
Jul 01, 2020•12 min
CivicScience CEO John Dick joins Tony, Brendan, and John to discuss the tricky side effects of reopening during the pandemic and how consumer sentiment impacts the economy. The guys break down the three themes that have the largest impact on economic recovery and discuss some possible and surprising permanent shifts in consumer behavior that could last long past the pandemic's end.
Jun 26, 2020•35 min•Season 2Ep. 29
Tony, John, and Brendan talk through the return of the selloff after the rally and the growing gap between Main Street and Wall Street. They discuss how reopening and a resurgence in cases plays a role, and how the Federal Reserve can use its fiscal programs to respond. Plus, the crew takes a second look at the jobs report and how it stacks up to weekly claims data.
Jun 12, 2020•40 min•Season 2Ep. 28
Matt joins Tony, John, and Brendan to address the importance of this current moment. The gang also analyzes May's surprising jobs report and what this illuminates about PPP, markets, and November's election.
Jun 05, 2020•31 min•Season 2Ep. 27
Tony, John, and Brendan discuss the constantly-evolving U.S-Chinese relationship and how it may impact American politics in the future. The gang also breaks down what has changed in the stock market, the impact of reopening, the new European Commission recovery plan, and what's happening on Twitter.
May 29, 2020•37 min•Season 2Ep. 26
HPS Partners Stacy Kerr and Michael Steel are joined by New York Times bestselling author Kate Andersen Brower to discuss her newest book, "Team of Five: The Presidents Club in the Age of Trump." They discuss the collegial relationships and norms for presidents and how the former presidents view their roles during the Trump administration. Plus, Kate offers a behind-the-scenes look into the private bonds between the former American leaders.
May 27, 2020•29 min•Season 1Ep. 9
Tony, John, and Brendan discuss Chair Powell and Secretary Mnuchin's joint hearing this week and give an inside look on how the Treasury might have decided to revive the 20-year bond. The crew also talks through what economic recovery could look like, the latest buzz on U.S.-China tensions, and the EU's plan for economic relief.
May 22, 2020•37 min•Season 2Ep. 25
Matt joins John and Brendan to discuss this week's comments from Fed Chair Jay Powell, Fed fund futures, US-China relations, and how policymakers use the stock market as a barometer for economic health. The crew also plays a game of "Hail Mary," predicting the most likely and least likely scenarios in the coronavirus pandemic, 2020 election, and the eventual return of sports leagues, all before looking ahead to state jobs numbers and PMIs to be released next week.
May 17, 2020•35 min•Season 2Ep. 24
On this Jobs Day episode of the HPS Macrocast, Tony, Matt, John, and Brendan unpack the historic jobs numbers, discuss near-term stabilization in oil markets, and dive into what to expect in upcoming relief package negotiations in Washington. They also discuss potential long-term effects of COVID-19 on remote work policies and the future of the leisure and hospitality industry.
May 08, 2020•38 min•Season 2Ep. 23
