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The Penta Podcast Channel

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Aug 7, 2023 • 30min

Bidenomics: Brilliant strategy or bound to backfire?

On this week's episode of What's at Stake, Senior Partner Kevin Madden and Director Oliver Edelmann join Head of the D.C. office Bryan DeAngelis for a deep dive into the heart of President Biden's re-election strategy. With over a year to go until the general election, Biden's spending plans and policies have emerged as the cornerstone of the Administration's strategy in 2024. But with the fate of the economic landing still up in the air, will tying Biden and other Blue candidates' fortunes to "Bidenomics" be a boon or a bane for Democrats on the ticket? Tune in to hear what our panel of political experts are predicting.
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Aug 4, 2023 • 32min

Macrocast: Why now, Fitch?

On this week's episode, K. Stratton Kirton, a Penta Strategy Partner, joins the Macrocast as a guest host with John Fagan and Brendan Walsh from Markets Policy Partners. The group discusses the middle of the road jobs day and what they think this means for Fed policy and the long discussed recession.They also explore Fitch's decision to downgrade the United States credit rating and recent central bank decisions around the world, including the Bank of England and Reserve Bank of Australia. Finally, the group talks about Saudi Arabia's decision to extend their oil production cut and China's continuing economic lag.Read Penta's Jobs Day analysis here.
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Aug 3, 2023 • 29min

Breaking down Basel III Endgame with Greg Baer of BPI

On this week's crossover episode of What's at Stake and the Macrocast, Bryan DeAngelis, partner and Head of Penta's D.C. office, and Ylan Mui, managing director at Penta, speak with Greg Baer, President and Chief Executive Officer at the Bank Policy Institute. The group breaks down the impacts of Basel III endgame, which is the regulatory approach to analyzing capital requirements for banks based on the riskiness of their activities. Specifically, the group discusses the plan for implementation of Basel III endgame in the U.S. following last week's U.S. federal prudential bank regulators proposed new capital requirements for large banking organizations. The group breaks down the timing of the standards, especially given the resiliency of banks in recent real and hypothetical stress tests, the current state of the economy, and the upcoming 2024 elections.  The Bank Policy Institute, or BPI, is a nonpartisan public policy, research and advocacy group, representing America's leading banks. BPI's work aims to help the nation's leading banks best serve their customers and fulfill their vital economic role. Before his leadership of BPI, Greg has a variety of experience in the banking and financial services sector more broadly, including past roles as President of The Clearing House Association and Executive Vice President and General Counsel of The Clearing House Payments Company, Managing Director and Head of Regulatory Policy at JPMorgan Chase, and Deputy General Counsel for Corporate Law at Bank of America. He also served as Assistant Secretary for Financial Institutions in the U.S. Department of the Treasury, after serving as Deputy Assistant Secretary. Greg was also managing senior counsel at the Board of Governors of the Federal Reserve System.
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Jul 28, 2023 • 34min

Macrocast: Rate Hikes, real estate, and reflecting on Yellen's legacy

On today's Macrocast, Ylan, John, and Brendan are joined by a special guest: Jon Hilsenrath. Jon covered economics and finance at the Wall Street Journal from 1997 until this spring. He was also a Pulitzer finalist in 2009 for coverage of the financial crisis, and most recently, the author of "Yellen: The Trailblazing Economist Who Navigated an Era of Upheaval," which examines the major financial crises of the 21st century through the lens of Janet Yellen's career and life.. The group engages in a wide-ranging discussion on all things rate hikes, the real estate market, and the reputations and legacies of Jay Powell and Janet Yellen.Find Jon's book "Yellen: The Trailblazing Economist Who Navigated an Era of Upheaval" here.
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Jul 24, 2023 • 29min

Is the PGA/LIV merger up to par? A conversation with Mike McCann

On this week's episode of What's At Stake, Bryan DeAngelis, Partner and Head of Penta's DC office, is joined by sports law expert Mike McCann to discuss the proposed PGA Tour and LIV Golf merger.In 2022, it was announced that Saudi Arabia's Public Investment Fund would be sponsoring a new golf league, LIV Golf, and had signed a number of prominent professional golfers. In response, the PGA Tour announced that current and former PGA golfers who signed with LIV would be indefinitely banned from participating in PGA sponsored events. Then, in a shocking twist, it was announced that LIV would merge with PGA. Additionally, Saudi Arabia would become an investor in the PGA Tour, a nonprofit organization, through the country's Public Investment Fund. Players and fans of golf have expressed displeasure with the announcement, leading to a Senate hearing on the topic on June 11, 2023 and the Department of Justice opening an antitrust investigation into the proposed merger.Bryan and Mike discuss the recent Senate hearing, the legality of this merger, and what they expect from the leagues merging for players and fans. The two also outlined how this proposed merger is unprecedented in professional sports and the serious implications it could have on other leagues around the world.Mike McCann is a professor of law at the University of New Hampshire and the founding director of the Sports and Entertainment Law Institute. He is one of the nation's leading experts in sports law and Name, Image, Likeness. Mike also co-authored a book with former NBA player Ed O'Bannon, titled "Court Justice: The Inside Story of My Battle Against the NCAA," which tells the story of O’Bannon's life and his historic court case against the NCAA.
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Jul 21, 2023 • 33min

Macrocast: The end of the vibecession?

On this special Barbie-weekend edition of the Macrocast, Ylan Mui, Brendan Walsh, and John Fagan are joined by John Dick, CEO and founder of Civic Science, to dive into the latest economic sentiment index (ESI).The group explores the monster day for consumer spending that was last week's Amazon Prime Day, along with the UPS-Teamsters negotiations, the economic impact of soon-to-be-resumed student debt payments, and whether we can finally breathe a sigh of relief about a soft economic landing. And be sure to stick around for some Barbie-premiere outfit planning toward the end of the show!Read the latest ESI analysis here. 
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Jul 18, 2023 • 47min

The future of news

On the latest episode of What's at Stake, Penta Managing Director Ylan Mui sits down with Stratton Kirton, partner at Penta, and Rebecca Buck, senior director at Penta, to dive into the evolving state of today's news industry. The group explores the latest across the consumption and production of news, including the shift to digital media and changes in revenue models. The group also takes a look at the biggest challenges facing journalists and news outlets today, along with the major trends across content, revenue, and innovations in tech and AI that are changing the way journalists and newsrooms operate.
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Jul 14, 2023 • 29min

Macrocast: Betting on the Banks

In this jam-packed episode of the Macrocast, Ylan, John, and Brendan discuss the latest on inflation as the annual rate continues to slow, and zoom in on some CPI and PPI insights. The group delves into today's bank earnings, as investors hope that sour expectations for last quarter's results will give banks a lower bar for beating estimates. They also discuss the rise in mortgage applications, China's trade surplus, shifting oil prices, and a special announcement from the Fed! Tune in for all this and more. 
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Jul 12, 2023 • 36min

Are companies caught between a rock and a hard place on ESG?

On a new episode of What's at Stake, Bryan DeAngelis brings together a group of intercontinental experts including Penta Partners Stratton Kirton and David Cook, along with Managing Director Cecilia Thorn, to break down the starkly different universes of ESG regulations across the EU, the U.S., and the U.K. As the war in Ukraine continues to complicate environmental and social trends in Europe, the EU is poised to enact stringent regulations on human rights, environmental transparency, and due diligence for businesses. At the same time, ESG has become a dirty word in the polarized U.S. political environment, heightening risks for companies that operate across jurisdictions and must cater to stakeholders in both regions. This week on the podcast, the group explores strategies for companies to effectively navigate these developments while balancing their fiduciary duties and safeguarding their global reputation. Tune in now to stay ahead of the curve on these pressing issues. 
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Jul 7, 2023 • 33min

Macrocast: A good set of numbers

Join us for a special edition of the Macrocast! On this week's episode, Ylan and Brendan are joined by Neil Irwin, chief economic correspondent at Axios and author of "The Alchemists: Three Central Bankers and a World on Fire" and "How to Win in a Winner-Take-All World: The Definitive Guide to Adapting and Succeeding in High-Performance Careers."The trio discuss the latest jobs report, the recent ADP National Employment Report, Secretary Yellen's recent visit to China, and more. Tune in!Read Penta's latest Jobs report.For more insights check out Neil's books,  "The Alchemists: Three Central Bankers and a World on Fire" and "How to Win in a Winner-Take-All World: The Definitive Guide to Adapting and Succeeding in High-Performance Careers."

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