UBS On-Air: Market Moves

As the Congressional summer recess concludes and lawmakers return to Washington DC, there is no shortage of agenda items to address, in parallel to efforts on the campaign trail ahead of the US midterm elections in November. Shane Lieberman, Senior Governmental Affairs Advisor from Governmental Affairs US, outlines the legislative priorities of Congress, along with shares what the latest polling is pointing to. Host: Daniel Cassidy

As we head towards the unofficial end of summer, markets continue to be supplied with ample news to digest - spanning policy developments out of the recent Jackson Hole Economic Symposium to key inflation and labor market datapoints on the horizon. Jason Draho, Head of Asset Allocation for the Americas from the UBS Chief Investments office, discusses these factors and what it all means for CIO’s investment outlook. Host: Daniel Cassidy

The US and Iran have been trading missile exchanges in the Gulf, pushing oil back over USD 90 per barrel. US President Trump posted a AI-generated video of Kharg Island being destroyed, but there appears to have been no attack in the Iranian facility and the muted nature of the hostilities has created a muted market response.

Advances in AI are beginning to move beyond digital tasks and into physical AI, raising the question of where value could accrue as machines become more adaptable in real-world environments. This episode explores how faster on-the-job learning could reshape automation, the hardware required to support it, and the investment implications across the emerging robotics supply chain.

Amidst the toasting of marshmallows at the Jackson Hole summer camp for economists, there are some hopes Federal Reserve Chair Warsh will offer a sensible structure for thinking about US monetary policy. Warsh’s communication style, telling investors “you figure it out”, is not working, creating uncertainty and introducing an unnecessary risk premium into financial markets.