This chapter explores the anxieties facing Wall Street as it awaits the US jobs report, reflecting broader economic concerns influenced by geopolitical events and technological advancements. A guest offers insights into asset allocation strategies for ultra-high net worth families, emphasizing a shift towards private market investments and the impact of AI on future productivity. The discussion also highlights the performance of smaller companies and the different investment priorities based on investor age, all while encouraging a long-term perspective amidst market volatility.
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Bloomberg News Reporters Chris Palmeri and Michelle Davis detail the news that Verizon agreed to buy rival telecommunications operator Frontier Communications for about $9.59 billion as the New York phone giant looks to expand its high-speed internet business. Dave Alison, President at Prosperity Capital Advisors, shares his investment advice for ultra-high net worth clients. Edelman CEO Richard Edelman provides the findings of the firm’s Trust at Work report. Martha Heller, Founder of Heller Search, talks about AI’s impact on the US labor market. And we Drive to the Close with Jason Britton, Founder and CIO at Reflection Asset Management.
Hosts: Tim Stenovec and Emily Graffeo. Producer: Paul Brennan.
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