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Unhedged

Financial Times & Pushkin Industries

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Katie Martin, Robert Armstrong and other markets nerds at the Financial Times explain the big ideas behind what’s happening in finance right now. Every Tuesday and Thursday. Hosted on Acast. See acast.com/privacy for more information.
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The Revisionist’s Almanac

The Revisionist’s Almanac

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This podcast will use the benefit of hindsight to look back at past Academy Awards and determine which winners have stood the test of time, and which have aged poorly. Andrew and revolving guests will debate who should have won the major Oscars from every ceremony!
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At Guildhall Wealth one of our philosophies is education. Jeremy Wiseman and Jerry Correia believe that informed investors make better decisions. We realize how important wealth is to you, your family and your future and it is our aim is to assist clients to protect their wealth and create long-term prosperity through the discovery of Gold, Silver and Coloured Diamond investing.
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The UK’s Financial Conduct Authority just released rule revisions that are meant to attract new listings on the country’s exchanges. These include legalising shares that move a lot of the power from investors to founders. Will this be enough to restart London as a hub for innovation? Today on the show Katie Martin and UK business correspondent Mich…
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Wall Street withheld tens of millions of dollars in campaign financing to pressure US President Joe Biden to withdraw from November’s election and endorse Kamala Harris. And it worked. But how did Wall Street get so interested in a public prosecutor from San Francisco? And what do financiers hope she’ll bring to the table? Today on the show, deals …
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I took a deep dive into 1994, along with special guests, Adam, Britt, and Joey - the 1001by1 Podcast crew, and after the episode we turned the voting over to you, the people! All six categories (Picture, Director, Lad Actor, Lead Actress, and Supporting Actor/Actress) went to our social media polls for you, the listeners to decide on. The voting ha…
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Presidential candidate Donald Trump has argued for a weaker dollar in recent interviews. That makes some sense. A weaker currency can increase exports and narrow a trade deficit. But how does one weaken a currency, and is it really a good idea? Today on the show, Rob Armstrong and new Unhedged newsletter reporter Aiden Reiter discuss the options. A…
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As the election nears, Wall Street is starting to talk more about what a bet on a second Trump presidency might look like. Today on the show, we cover possible outcomes for inflation, long-term bond yields, currency manipulation, corporate taxes, protectionism, isolationism, threats to the independence of the Federal Reserve and even the rally in s…
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Last week the FT’s Moral Money writer Simon Mundy spoke with venture capitalist Vinod Khosla about 20 years of making big, long bets on renewable energy. Some have paid off, but most haven’t. Khosla is fine with that, and continues to look for big wins in the very long run on solutions such as fusion. Today on the show, Simon and Katie Martin discu…
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Paramount and Skydance are merging. That’s a win for David Ellison, whose small studio will join a legendary one with a huge back catalogue and a nascent streaming platform. But is this merger of the old and new enough to compete in the new Hollywood? Today on the show, Robert Armstrong and deals reporter James Fontanella-Khan talk about the Paramo…
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Recent elections have changed politics in Europe, delivering a centre-left Labour government in the UK and shifting seats to a left alliance in the French parliament. Today on the show, Katie Martin discusses this new landscape, and what it means for global markets and finance, with the FT’s economics commentator Chris Giles. Also, we short politic…
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On The Revisionist's Almanac, Andrew and rotating guests dive deep into the Oscars to see which winners have stood the test of time, and which haven't. Andrew is heading back to 1994 for the 67th Academy Awards, and he's bringing the entire 1001by1 Podcast trio of Adam St. John, Britt Reinholz-Hobson, and Joey Rogate with him to debate Forrest Gump…
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Assemblyman Josh Hoover is joined by his team to discuss the fate of a bill to give unemployment insurance benefits to striking workers, the passage of PAGA reform, the Grants Pass Supreme Court ruling, the Governor’s last minute Hail Mary on retail theft, and an “ask me anything” segment answering questions from constituents. Host: Assemblyman Jos…
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In addition to the normal monthly Almanac episodes, I will be providing a new quarterly episode where I give you my current top ten films of the year, as well as my ten most anticipated films of the next quarter. And for this very special episode, I posted on social media asking if any friends and listeners of the show would want to contribute with…
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I took a deep dive into 2005, along with special guest, Tom Duncan of The Greatest Movie of All-Time Podcast, and after the episode we turned the voting over to you, the people! Five of the six categories (Picture, Director, Lead Actress, and Supporting Actor/Actress) went to our social media polls, as we were only able to unanimously agree with on…
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In addition to the normal monthly Almanac episodes, I will be providing a new series where I give a recap of everything I watched over the last month, provide my thoughts, give my recommendations, and rate the films. So, what did I watch in June 2024 that I felt was worth mentioning? Check out the episode and let me know your thoughts. Do you agree…
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Ted Pick became chief executive of Morgan Stanley earlier this year. In a recent letter to shareholders, he touted “the integrated firm” as a model for the bank's future. But it’s not a new idea, and it’s one that has proven very hard for banks to actually do. Today on the show, Rob Armstrong asks the FT’s US banking editor, Josh Franklin, if it’s …
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Assemblyman Josh Hoover is joined by Ashley Hoffman, Senior Policy Advocate on Labor and Employment at the California Chamber of Commerce (CalChamber), to discuss the legislative agreement reached to reform the Private Attorneys General Act (PAGA) and provide long-awaited relief to California businesses. Host: Assemblyman Josh Hoover Cohost: Ashley…
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On Thursday, two candidates for US president will debate each other. They are both protectionists. This is a huge change in US economic policy, and one that may have massive consequences in the decades to come. Today on the show, Robert Armstrong talks with the FT’s chief economics commentator, Martin Wolf, about the past and future of industrial p…
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Golden Goose had a simple plan. Mass produce worn out sneakers, get stars to wear them, and sell them to the public. It was going great until the owner announced an IPO, and then pulled it. Today on the show, Katie Martin and James Fontenella-Khan discuss. Also, we go long German football and long sterling. For a free 30-day trial to the Unhedged n…
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Assemblymembers Josh Hoover and James Gallagher discuss a number of topics including a junk fee exemption for restaurants, In-N-Out’s price hike, the recently passed state budget, a new analysis on groups that fair best at the State Capitol, the PPIC’s latest survey of Californians, and the bipartisan backlash growing over the Supermajority’s effor…
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On Thursday, shareholders of Tesla voted to re-approve a deal to reward Elon Musk with more than $50 billion worth of shares in Tesla, thus making one of the world’s richest men even richer. Also we go long teams without stars and short climate change. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer You ca…
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The Federal Reserve held rates steady on Wednesday, and markets went whooshing upwards, as if they thought no-move was a clear signal about the next move. For a bit anyway. Today on the show, Katie Martin is joined by Chris Giles, the FT’s economics commentator, to talk about the Fed and the crucial next few months before the US election in Novembe…
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Assemblyman Josh Hoover is joined by his Capitol Director Teresa Trujillo to discuss a new vehicle mileage tax pilot program, the upcoming budget deadline, sidewalk vendors in SF, legislation to increase penalties on assaults in emergency rooms, the Sacramento County Point in Time homeless count, possible changes to California’s “housing first” app…
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Researchers at the University of Chicago took a fairly standard large language model of AI and fed it a bunch of balance sheets and income statements and asked it to make predictions about earnings. In backtests, AI beat human calls by a small margin, and outperformed the market generally. Have fund managers been dealt yet another kill shot? Katie …
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On The Revisionist's Almanac, Andrew and rotating guests dive deep into the Oscars to see which winners have stood the test of time, and which haven't. Andrew is heading back to 2005 for the 78th Academy Awards, and he's bringing friend-of-the-show and returning guest Tom Duncan along with him to debate Crash, Brokeback Mountain, Batman Begins, and…
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Nvidia continues its rocket-like rise: Investors have piled in, as have day traders who play the stock with options. This is causing banks and market makers to load up on shares in order to cover trades. It's a feedback loop traders call the gamma squeeze, and some are concerned it’s distorting markets. Today on the show, Katie Martin talks about N…
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Assemblymembers Josh Hoover and Joe Patterson discuss a number of topics including their favorite bands, the NBA finals, the Supermajority’s proposed budget plan, Governor Newsom’s warning against the over-regulation of AI, rents dropping in large cities, California’s abysmal performance on taxpayer ROI, and the recent Elex Michaelson interview wit…
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It’s a big year for democracy. Voters in Mexico and India just went to the polls. Elections in the UK and US are still to come. On today’s show, Rob Armstrong and Katie Martin talk through how markets are responding to the elections in Mexico and India. And they analyse how markets might react to the UK and US elections. Also, we go short slugs and…
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In addition to the normal monthly Almanac episodes, I will be providing a new series where I give a recap of everything I watched over the last month, provide my thoughts, give my recommendations, and rate the films. So, what did I watch in May 2024 that I felt was worth mentioning? Check out the episode and let me know your thoughts. Do you agree …
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Assemblyman Josh Hoover and Chris Micheli discuss the recent House of Origin deadline, legislation to delay a minimum wage increase, record high median home prices, electric school buses, and the Legislature’s “comprehensive” retail theft package. Host: Assemblyman Josh Hoover Cohost: Chris Micheli House of Origin recap https://www.kcra.com/article…
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At a recent meeting of the G20, Brazil invited economist Gabriel Zucman to address the most powerful nations in the world, and argue for a global tax on the super-rich. Today on the show, European economics commentator Martin Sandbu joins Robert Armstrong to discuss whether a worldwide tax on the very richest could even happen, and how it might wor…
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Red Lobster used to be a respectable place to eat too much seafood. Now it’s bankrupt. Today on the show, host Rob Armstrong and the FT's Wall Street editor Sujeet Indap put on their bibs and pick apart the exoskeleton of a fast-casual icon. They talk about pasta water, real estate, and whether the real killer was the all-you-can-eat shrimp promoti…
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In addition to the normal monthly Almanac episodes, I took some time to run down the biggest news and reactions I saw from this year's Cannes Film Festival. What did you think of the movies and news I covered during this recap? Did I miss one of your favorite pieces of news or highlight a film you've added to your watchlist? Let me know your though…
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I took a deep dive into 1981, along with special guest, Joey R. of Best Picture Cast and 1001by1, and after the episode we turned the voting over to you, the people! All six categories (Picture, Director, and Lead/Supporting Actor/Actress) went to our social media polls, as we were. unable to unanimously agree with a single actual Academy Award win…
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Commercial property values in the UK and the US have been slow to adjust to the sharp increase in interest rates. Are sellers refusing to accept reality? Or has the property economy simply put itself on hold? Joshua Oliver covers real estate (and crypto) for the FT, and he walks us through it all. And talks about crypto. For a free 30-day trial to …
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With Furiosa coming out this month, I decided it would be the ideal time to count down my 50 favorite action movies of all time. Part three of this series brings you movies #10-1! Once you finish the episode, be sure to reach out to me and let me know what you agree or disagree with. Follow the page on Instagram: https://www.instagram.com/revalmana…
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Assemblyman Josh Hoover is joined by Tom Sheehy, founder of the Sheehy Strategy Group, to discuss the Governor’s May Revision of the state budget. Other topics discussed include a proposed audit of state telework, the recent Appropriations suspense hearing, changes to the Capitol Annex project, EV incentives vs. mandates, and the Prop. 22 case pend…
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The price of cocoa has exploded. Over the past year, it’s up about 300 percent. Today on the show, Katie Martin and commodities reporter Susannah Savage try to figure out what’s behind the run-up in cocoa, olive oil and other staples. Also we go long gardening and short AI copying our voices. For a free 30-day trial to the Unhedged newsletter go to…
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Bridgewater Associates is one of the largest hedge funds in the world, and one of the most unusual. Its founder, Ray Dalio, has retired and moved on to other things, such as deep sea submarines. Can the new chief executive keep the group’s legendary returns going? Today on the show, reporter Ortenca Aliaj joins Rob Armstrong to discuss. Also we go …
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With Furiosa coming out this month, I decided it would be the ideal time to count down my 50 favorite action movies of all time. Part two of this series brings you movies #30-11 - Part three is on the way next week! Once you finish the episode, be sure to reach out to me and let me know what you agree or disagree with. Follow the page on Instagram:…
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Assemblymembers Josh Hoover and Greg Wallis discuss a number of topics including killing bills via abstention, the Taxpayer Protection Act debate in the California Supreme Court, a major initiative deadline, rising gas prices, the CPUC-approved energy fixed charge, an SF homeless program that provides alcohol, and the Governor’s May Revise budget. …
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