Matthew Hornbach

Matthew Hornbach, Global Head of Macro Strategy at Morgan Stanley, shares insights on the market outlook and anticipates a December interest rate cut despite potential government shutdowns. Kathryn Wylde, President & CEO of the Partnership for New York City, analyzes the implications of the recent mayoral election on Wall Street and local business. Nazak Nikakhtar, former Commerce Department official, discusses the Supreme Court's examination of presidential tariff powers under the International Emergency Economic Powers Act. Jim Zelter of Apollo Global Management warns about the risks of high valuations in AI investments.

Matthew Hornbach, Morgan Stanley's Global Head of Macro Strategy, discusses the historic rout in bond markets due to increased central bank policy rates. Investors are selling off bonds in anticipation of higher yields, impacting consumers, mortgages, currency exchange rates, and the stock market.