Growing Middle East Concerns, A Billionaire's Quest for a Cure
Oct 20, 2023
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Former CIA paramilitary officer Mick Mulroy and Bloomberg Opinion columnist Bobby Ghosh discuss the Israel-Hamas conflict. Tom McGee gives his forecast for holiday spending season. Joel Weber and Ari Altstedter talk about Lululemon founder Chip Wilson's quest for a cure for muscular dystrophy.
Mick Mulroy provides insights on the Middle East conflict and highlights the role of Iran in supporting Hamas and Hezbollah.
ExxonMobil is actively working on reducing carbon emissions through initiatives like carbon capture and clean energy from hydrogen.
Lululemon founder Chip Wilson has launched a $100 million initiative to find a cure for a rare form of muscular dystrophy.
Deep dives
The Importance of Reducing Carbon Emissions
ExxonMobil is actively working on solutions to reduce carbon emissions through initiatives such as carbon capture and clean energy from hydrogen. These efforts are aimed at helping industries like manufacturing, commercial transportation, and power generation reduce emissions and create a more sustainable future.
Mick Mulroy's Insights on the Middle East Conflict
Mick Mulroy, former Deputy Assistant Secretary of Defense and retired CIA officer, provides insights on the latest developments in the Middle East conflict, including the release of American hostages held by Hamas and the potential for a ground invasion in Gaza. He highlights the role of Iran in supporting groups like Hamas and Hezbollah, and the implications for the United States in the region.
Chip Wilson's Battle Against Muscular Dystrophy
Chip Wilson, the founder of Lululemon Athletica, has been privately battling a rare form of muscular dystrophy for over 30 years. Recently, he has launched a $100 million initiative to find a cure for the disease within the next five years. Wilson's personal experience has led him to invest in various companies and research efforts focused on potential treatments for the condition.
Investment Strategy in a Rising Interest Rate Environment
As interest rates continue to rise, investment strategy analyst Ross Mayfield advises taking a selective approach to portfolio construction. While higher rates may pose challenges, historical examples show that equities can still perform well in such environments. Mayfield emphasizes the importance of diversification and considers higher-quality fixed income investments as a solid option for wealth preservation.
The Opportunity for Cash Preservation and Yield Generation
In the current environment of rising interest rates, investors are increasingly interested in cash preservation and generating yield. Wealth managers at Baird Private Wealth Management are seeing a demand for short-term treasuries and discussions about diversifying portfolios to include high-quality bonds with attractive yields. Clients are excited about finally earning something on their cash after years of near-zero returns.
Mick Mulroy, co-founder of the Lobo Institute and former CIA paramilitary officer joins alongside Bloomberg Opinion columnist Bobby Ghosh to discuss the latest in the Israel-Hamas conflict, after a week of diplomatic visits and as violence continues to escalate.
Tom McGee, President of ICSC joins to give his forecast for the upcoming holiday spending season.