UBS On-Air: Market Moves

On this week’s episode, Burkhard joins us from the rooftop of the legendary Lingotto factory in Turin, Italy, where he outlines the case for why the AI trade has not peaked. We dive into what earnings stories have been telling us, supply-and-demand trends, and reported long-term contracts with Semiconductor companies.

As newly elected lawmakers make their way to Washington DC for New Member Orientation, Shane Lieberman, Senior Governmental Affairs Manager from Governmental Affairs US, takes us behind the scenes for a look at what this week’s agenda consists of. We also take inventory of election result outcomes across the country that remain outstanding, how the process for naming new Congressional leadership has been shaping up, and how lawmakers are responding to this week’s AI-industry related developments. Host: Daniel Cassidy

Today’s release of US October producer price inflation is expected to show higher prices, with oil leading the way. Diesel prices are directly included in this data (they are not in US consumer price numbers). However, there will also be examination of the details to see if there is better evidence of tariff inflation effects fading from the calculation.

UK GDP continued its recent strength, with further gains in the third quarter. (The numbers are just a rough approximation, of course). Services led growth, with car and chemical imports the main offset. UK consumers have generally experienced a small positive real income growth, but have room to reduce savings rates and continue consuming.

State credit remains one of the strongest parts of the municipal bond market - Jeannine Lennon, Municipal Strategist Americas from the UBS Chief Investment Office, joins to provide an overview of recent developments across the US State-sector. Jeannine outlines the condition of state credit quality, revenue and expense trends, how the One Big Beautiful Bill Act stands to shape state budget choices, and more. Host: Daniel Cassidy