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☆ Biden’s State Dinner for Japan to Feature Paul Simon and Celebrate Spring
▼ + stars: | 2024-04-09 | by ( Zach Montague | More About Zach Montague | ) www.nytimes.com time to read: 1 min

The “bounty of spring” will be the theme of President Biden’s state dinner for Japan on Wednesday evening, an event that will feature decorations of cherry blossoms and peonies and conclude with a performance by Paul Simon. Jill Biden, the first lady, and the White House social secretary, Carlos Elizondo, previewed the menu and the décor ahead of the dinner for Prime Minister Fumio Kishida of Japan and his wife. It will be the fifth state dinner of Mr. Biden’s term. The guests will enter the East Wing to a wall of oversized fans that spill onto the floor, a piece of art and a metaphor with “the small end representing the beginning of life, and each pleat the many paths our lives can take,” Mr. Elizondo said.

Persons: Biden’s, Paul Simon, Jill Biden, Carlos Elizondo, Fumio Kishida, Mr, Elizondo Organizations: Japan, White Locations: Japan

☆ Bidens roll out the diplomatic – and literal – red carpet for Japan state visit
▼ + stars: | 2024-04-09 | by ( Betsy Klein | ) edition.cnn.com time to read: +5 min

The White House will lean into the full pomp and circumstance of a state visit as the president seeks to emphasize the strong alliance between the two countries. The Bidens welcomed the prime minister and his wife to the White House on Tuesday evening, hosting the couple for a casual dinner at BlackSalt, a local seafood restaurant. The White House will serve wines from the Willamette Valley and Columbia Valley in the Pacific Northwest. The Bidens presented their counterparts with a three-legged black walnut table handmade by a Japanese American owned company in Pennsylvania, the White House said. The Biden White House has previously hosted the leaders of Australia, India, France and South Korea for state visits.

Persons: Joe Biden, Jill Biden, Kishida Fumio, Kishida Yuko, Paul Simon, Biden, ” Jill Biden, ”, Bryan Rafanelli, “, Cris Comerford, Susie Morrison, George W, Bush, Lyndon B, Johnson, Carlos Elizondo –, ’ toasts, Elizondo, Billy Joel, CNN’s Arlette Saenz, Kayla Tausche, Sam Fossum Organizations: CNN, Japanese, White, White House social, Wing, State Department, White House, US, National Soccer Team, National Football Team, Biden White Locations: China, Ukraine, Gaza, United States, Japan, BlackSalt, California, Willamette, Columbia, Pacific Northwest, American, Pennsylvania, Australia, India, France, South Korea

☆ The global cutting cycle is here, says Goldman Sachs' Alexandra Wilson-Elizondo
▼ + stars: | 2024-02-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe global cutting cycle is here, says Goldman Sachs' Alexandra Wilson-ElizondoAlexandra Wilson-Elizondo, Goldman Sachs Asset Management co-CIO of multi-asset management, joins 'Squawk Box' to discuss the latest market trends, the impact of AI, 2024 outlook, and more.

Persons: Goldman Sachs, Alexandra Wilson, Elizondo Alexandra Wilson, Elizondo, Goldman Organizations: Management

TOKYO (AP) — Shares declined Wednesday in Asia after disappointingly high U.S. inflation data sent stocks sliding on Wall Street and raised prospects that interest rates will remain elevated for longer. Hong Kong’s Hang Seng index resumed trading after the Lunar New Year holiday, edging 0.7% higher to 15,861.77 after opening lower. High interest rates hurt all kinds of investments, and they tend to particularly hurt high-growth stocks like technology companies. Stocks of smaller companies fell even more because high rates could hurt them more than bigger rivals by making it more difficult to borrow cash. Yields jumped in the bond market as traders built up expectations for the Fed to keep rates high for longer.

Persons: Australia's, Korea's Kospi, Sensex, Tuesday’s, Russell, Alexandra Wilson, Elizondo, Carl Icahn Organizations: TOKYO, —, Nikkei, Federal Reserve, Labor Department, Dow Jones, Nasdaq, Microsoft, Fed, Treasury, Goldman, Goldman Sachs Asset Management, Wall, JetBlue Airways, New York Mercantile Exchange, Brent, U.S Locations: Asia, Indonesia, Southeast, China, Bangkok, Goldman Sachs

☆ Top strategists at Goldman Sachs' $2.7 trillion asset management arm share why they're optimistic about the economy, all-in on AI, and bullish on these 6 investments in 2024
▼ + stars: | 2023-11-09 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Investors shouldn't expect too many changes in 2024, according to the top investing minds at Goldman Sachs Asset Management (GSAM). GSAM strategists suggested that investors are overlooking the risk that the conflicts cause a sharp slowdown. Higher bond yields usually reflect higher risk since investors demand better compensation for going out on a limb. But it's not just junk bonds that have enticing yields — Wilson-Elizondo said debt for investment-grade firms pays mid-single-digit rates despite boasting robust fundamentals. Sophisticated investors can enhance their returns further with private credit, which Wilson-Elizondo said can offer lofty yields of 11% to 12%.

Persons: they're, Alexandra Wilson, Elizondo, GSAM's, Ashish Shah, Shah, David Rosenberg, Wilson, Michael Bruun, it's, Goldman Sachs, Bruun, " Bruun, — Wilson Organizations: Investors, Goldman Sachs Asset Management, Federal Reserve, Consumers, BSE, Nikkei Locations: GSAM, Israel, Ukraine, India, Japan, China

☆ The Fed is looking for a rate to be at for a long period of time: Goldman Sachs' Wilson-Elizondo
▼ + stars: | 2023-11-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed is looking for a rate to be at for a long period of time: Goldman Sachs' Wilson-ElizondoAlexandra Wilson-Elizondo, Goldman Sachs Asset Management deputy CIO of multi-asset solutions, joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight, interest rate outlook, and more.

Persons: Goldman Sachs, Wilson, Elizondo Alexandra Wilson, Elizondo, Goldman Organizations: Asset Management

The White House, Google Maps and Google Arts & Culture launched a new virtual tour of the famous mansion on Friday, which is also National Civics Day. “Not everyone can make the trip to Washington, D.C., to tour the White House, so she's bringing the White House to them,” Alexander said. Political Cartoons View All 1220 ImagesThe tour is the first Google virtual tour of the White House to include audio captions for people with disabilities. It is also Google's first virtual tour of the White House to have Spanish translation. The tour is available on the White House website, as well as on Google Maps and the Google Arts & Culture page.

Persons: —, Couldn't, Jill Biden, Biden, Elizabeth Alexander, ” Alexander, Carlos Elizondo, Joe Biden, Ben Gomes Organizations: WASHINGTON, Google, Google Arts & Culture, White, Washington , D.C, House Visitors Center, Google Arts Locations: Washington, Washington ,, China

☆ Next year will be anything but average, says Goldman Sachs' Alexandra Wilson-Elizondo
▼ + stars: | 2023-09-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNext year will be anything but average, says Goldman Sachs' Alexandra Wilson-ElizondoAlexandra Wilson-Elizondo, Goldman Sachs Asset Management deputy CIO of multi-asset solutions, joins 'Squawk Box' to discuss the latest market trends, what to expect for the Fed's rate decision this afternoon, and more.

Persons: Goldman Sachs, Alexandra Wilson, Elizondo Alexandra Wilson, Elizondo, Goldman Organizations: Asset Management

☆ Full recap: Fed chief Powell's market-moving comments on interest rates, soft landing chances
▼ + stars: | 2023-09-20 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: 1 min

While the Federal Reserve's latest release was more hawkish than expected, the main risk the the central bank faces is tarnishing its anti-inflation credibility, which warrants favoring their hawkish reaction, said Alexandra Wilson-Elizondo, deputy chief investment officer of multi-asset strategies at Goldman Sachs Asset Management. The recent rise in energy prices and resilient economic activity data likely drove the Fed's forecasts, she said. "We don't see a singular upcoming bearish catalyst, although strikes, the shutdown, and the resumption of student loan repayments collectively will sting and drive bumpiness in the data between now and their next decision," she said. "As a result, we believe that their next meeting will be live, but not a done deal." — Michelle Fox

Persons: Alexandra Wilson, Elizondo, — Michelle Fox Organizations: Federal, Goldman Sachs Asset Management

☆ 4% Federal Funds rate is attractive to us, Goldman Sachs' Alexandra Wilson-Elizondo
▼ + stars: | 2023-08-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email4% Federal Funds rate is attractive to us, Goldman Sachs' Alexandra Wilson-ElizondoAlexandra Wilson-Elizondo, Goldman Sachs Asset Management deputy CIO of multi-asset solutions, joins 'Squawk on the Street' to discuss why it won't be a smooth path ahead for equity markets, rate hike levels, and what Elizondo's portfolio looks like right now.

Persons: Goldman Sachs, Alexandra Wilson, Elizondo Alexandra Wilson, Elizondo, Goldman Organizations: Asset Management

☆ Wall Street cheers cool CPI with stock rally; dollar, yields decline
▼ + stars: | 2023-07-12 | by ( Lawrence Delevingne | Thomson Reuters | Delevingne Works Primarily On Enterprise Stories Related To Finance. He Joined Reuters In | ) www.reuters.com time to read: +4 min

REUTERS/Ralph OrlowskiSummaryCompanies U.S. CPI data for June shows inflation slowdownWall Street stocks gainDollar, Treasury yields dropOil and gold gainJuly 12 (Reuters) - Wall Street stocks advanced on Wednesday and the dollar and Treasury yields fell after new U.S. inflation data showed a slowdown in the seemingly relentless rise of consumer prices. The Consumer Price Index (CPI) gained just 0.2% last month, the Labor Department said on Wednesday, lifted by rises in gasoline prices as well as rents, which offset a decrease in prices of used motor vehicles. Shares of big tech-related companies, which tend to be sensitive to higher interest rates, gave the S&P 500 its biggest boost. /FRXU.S. Treasury yields also dropped, with the 10-year Treasury yield now at 3.865%, down 11.9 basis points . Wall Street banks overall are expected to report higher profits as rising interest payments offset a downturn in deal making.

Persons: Ralph Orlowski, Alexandra Wilson, Elizondo, Bryce Doty, Australia's, Wells, Scott Wren, Wren, Brent, Lawrence Delevingne, Marc Jones, Ankur Banerjee, Jan Harvey, Chizu Nomiyama, Will Dunham, Mark Heinrich Our Organizations: REUTERS, Companies U.S, Treasury, Index, Labor Department, Dow Jones, Nasdaq, Goldman Sachs Asset Management, CPI, Bank of England, U.S, Sit Investment, Fed, Japan's Nikkei, JPMorgan, Citigroup, Wells, Investment Institute, Brent, Wednesday, Thomson Locations: Frankfurt, Germany, U.S, Minneapolis, Asia, Wednesday ., Boston, London, Singapore, Carolina, New York

[1/2] A trader works at the Frankfurt stock exchange, amid the coronavirus disease (COVID-19) outbreak, in Frankfurt, Germany, December 30, 2020. The Consumer Price Index (CPI) gained just 0.2% last month, the Labor Department said on Wednesday, lifted by rises in gasoline prices as well as rents, which offset a decrease in prices of used motor vehicles. CPI advanced 3.0% in the 12 months through June, down from 4.0% in May and the smallest year-on-year increase since March 2021. /FRXU.S. Treasury yields also dropped, with the 10-year Treasury yield now at 3.853%, down 12.9 basis points . EARNINGS AHEADOvernight in Asia, Australia's S&P/ASX 200 index (.AXJO) rose 0.4%, while the bouncing yen knocked Japan's Nikkei (.N225) down 0.8%.

Persons: Ralph Orlowski, Alexandra Wilson, Elizondo, Bryce Doty, Australia's, Wells, Scott Wren, Wren, Brent, Lawrence Delevingne, Marc Jones, Ankur Banerjee, Jan Harvey, Chizu Nomiyama, Mark Heinrich Our Organizations: REUTERS, Companies U.S, Treasury, Index, Labor Department, Dow Jones, Nasdaq, Goldman Sachs Asset Management, Bank of England, U.S, Sit Investment, Fed, Bank of Canada, Japan's Nikkei, JPMorgan, Citigroup, Wells, Investment Institute, Brent, Thomson Locations: Frankfurt, Germany, U.S, Minneapolis, Asia, dealmaking, Boston, London, Singapore, Carolina, New York

[1/2] A trader works at the Frankfurt stock exchange, amid the coronavirus disease (COVID-19) outbreak, in Frankfurt, Germany, December 30, 2020. The Consumer Price Index (CPI) gained just 0.2% last month, the Labor Department said on Wednesday, lifted by rises in gasoline prices as well as rents, which offset a decrease in the price of used motor vehicles. CPI advanced 3.0% in the 12 months through June, down from 4.0% in May and the smallest year-on-year increase since March 2021. /FRXU.S. Treasury yields also dropped, with the 10-year Treasury yield now at 3.885%, down 9.7 basis points . GLOBAL STOCKS, COMMODITIESOvernight in Asia, Australia's S&P/ASX 200 index (.AXJO) rose 0.4%, while the bouncing yen knocked Japan's Nikkei (.N225) down 0.8%.

Persons: Ralph Orlowski, Alexandra Wilson, Elizondo, Bryce Doty, Australia's, Wells, Brent, Lawrence Delevingne, Marc Jones, Ankur Banerjee, Shashwat Chauhan, Jan Harvey, Chizu Organizations: REUTERS, Companies U.S, Treasury, Index, Labor Department, Dow Jones, Nasdaq, Goldman Sachs Asset Management, Bank of England, U.S, Sit Investment, Fed, Bank of Canada, Japan's Nikkei, JPMorgan, Citigroup, Brent, Thomson Locations: Frankfurt, Germany, U.S, Minneapolis, Asia, Boston, London, Singapore, Bengaluru

☆ Watch CNBC's full interview with Goldman Sachs' Alexandra Wilson-Elizondo
▼ + stars: | 2023-06-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Goldman Sachs' Alexandra Wilson-ElizondoAlexandra Wilson-Elizondo, Goldman Sachs Asset Management deputy CIO of multi-asset solutions, joins 'Squawk on the Street' to discuss what it'll take to tame inflation, the message from the last Federal Reserve meeting, and more.

Persons: Goldman Sachs, Alexandra Wilson, Elizondo Alexandra Wilson, Elizondo, Goldman Organizations: Asset Management, Reserve

☆ It's a really high bar for Fed not to hike rates, says Goldman Sachs' Alexandra Wilson-Elizondo
▼ + stars: | 2023-06-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's a really high bar for Fed not to hike rates, says Goldman Sachs' Alexandra Wilson-ElizondoAlexandra Wilson-Elizondo, Goldman Sachs Asset Management deputy CIO of multi-asset solutions, joins 'Squawk on the Street' to discuss what it'll take to tame inflation, the message from the last Federal Reserve meeting, and more.

Persons: Goldman Sachs, Alexandra Wilson, Elizondo Alexandra Wilson, Elizondo, Goldman Organizations: Asset Management, Reserve

☆ 'Welcome to the recession:' Most of Wall Street still sees trouble ahead for the U.S. economy
▼ + stars: | 2023-04-27 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

In fact, excluding the drag from inventories, GDP growth actually would have been closer to 3.4%, well above trend. However, most economists and strategists on Wall Street think the U.S. economy is still on the path to recession. We continue to expect the drag from higher interest rates and tightening credit conditions to push the economy into a mild recession soon." Jim Baird, chief investment officer, Plante Moran Financial Advisors "For all the discussion of recession risk – which is very real – consumers remain willing and able to spend. Recession risks remain elevated; the first estimate of Q1 GDP confirms that the economy continues to slow.

☆ Goldman Sachs and UBS warn that lower inflation won't be enough to make stocks rally — but these 7 investments can help investors earn a profit anyway
▼ + stars: | 2023-04-14 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Investors have mostly yawned at lower inflation data this week, keeping stocks range-bound. Strategists at the asset management arms of Goldman Sachs and UBS are signaling caution. The message from markets is clear: lower inflation isn't necessarily a green light for stocks. Strategists at UBS Global Wealth Management (GWM) and Goldman Sachs Asset Management issued even sterner warnings, with neither seeing much upside for stocks in the foreseeable future. Goldman Sachs Asset Management is also bullish on long-duration assets while the economy weakens, especially compared to riskier high-yield bonds.

☆ Slowing US inflation shifts investor focus to earnings season
▼ + stars: | 2023-04-12 | by ( David Randall | ) www.reuters.com time to read: +4 min

Wednesday’s data showed consumer prices growing at a slower pace than expected last month, bolstering the argument that inflation is decelerating. Yet some investors believe markets may have already accounted for a mild inflation slowdown and say further gains in stocks could depend on whether upcoming corporate earnings - especially results from banks - can beat forecasts. Earnings per share for the six largest U.S. banks are expected to fall 10% from the same quarter last year, according to Refinitv data. Overall, analysts expect S&P 500 earnings to fall 5.2% in the first quarter of 2023 from the year-ago period, I/B/E/S data from Refinitiv as of April 7 showed. That weakness would come on the heels of a 3.2% earnings fall in the fourth quarter of 2022, a back-to-back decline known as an earnings recession which has not occurred since COVID-19 blasted corporate results in 2020.

☆ Jobs report jolts Wall Street bulls as inflation fears return
▼ + stars: | 2023-02-03 | by ( Davide Barbuscia | ) www.reuters.com time to read: +3 min

The S&P 500 (.SPX) index was down about 1% on Friday though still up 8% on the year. The Labor Department's nonfarm payrolls report on Friday showed a gain of 517,000 jobs in January, almost three times what was expected. The Fed's policy rate is currently in the 4.50%-4.75% range. Those betting that the Fed might cut rates later this year also lost some conviction, with fed funds futures traders now expecting the policy rate to go down to 4.7% in December. Reporting by Davide Barbuscia; Editing by Ira Iosebashvili and Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

☆ Silicon Valley is coming for your gut biome
▼ + stars: | 2022-12-23 | by ( David Ingram | David Ingram Covers Tech For Nbc News. | ) www.nbcnews.com time to read: +8 min

SAN FRANCISCO — Cryptocurrency hasn’t worked out so well for tech investors. As a consumer product, supplements are associated more with the Kardashians or Joe Rogan than with Silicon Valley. Roelof Botha, the managing partner of Sequoia Capital, one of the largest venture capital firms in the world, is among those buying in. He said there’s a “societal reawakening” about the complex biome of the human gut where hundreds of species of bacteria live. She co-wrote a review of the science this year, and said future probiotic supplements have promise compared to supplements that have been available for decades.

That hearing discussed an unclassified report issued by a Department of Defense task force in 2021. There is precedent for the Defense Department, scientists and the media playing down reports of UFOs rather than prioritizing truly open scientific inquiry. In the 1950s and 1960s, the Air Force established a UFO task force named Project Blue Book and commissioned an independent scientific study of the phenomena. There is now a danger that the NASA study, which is also supposed to be objective, may not live up to this scientific ideal. If government and academia don’t do so with UFOs, we may end up with another independent scientific panel in another 50 years, but be no closer to the truth.

☆ Newly released Uvalde video shows officers discussing need to confront gunman, concerns about being shot
▼ + stars: | 2022-10-27 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

Newly released body camera video shows Texas law enforcement at the scene of the Uvalde school massacre discussing the need to confront the gunman, but expressing concerns about being shot. I wonder if we can get in there ... and maybe open that door," a trooper says in the video. People mourn at a memorial at Robb Elementary School in Uvalde, Texas, on May 28, 2022. During Thursday's public meeting in Austin, Texas Department of Public Safety Director Col. Steven McCraw said that he does not believe the agency failed the community. Someone is heard in the video saying how there have been no attempts to negotiate with the gunman.

☆ Officer who responded to Uvalde shooting has been fired, first from Texas state police
▼ + stars: | 2022-10-22 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

AUSTIN, Texas — The Texas Department of Public Safety fired an officer Friday who was at the scene of the Uvalde school massacre and becomes the first member of the state police force to lose their job in the fallout over the hesitant response to the May attack. Nearly 400 officers in all eventually made their way to the scene, including state police, Uvalde police, school officers and U.S. Border Patrol agents. But the Uvalde mayor, parents of the victims and some lawmakers have accused the Department of Public Safety of trying to minimize its own failures. One of the state troopers put under internal investigation was Crimson Elizondo, who resigned and later was hired by Uvalde schools to work as a campus police officer. She was fired less than 24 hours after outraged parents in Uvalde found out about her hiring.

☆ Uvalde school district superintendent will resign after outrage over response to school massacre
▼ + stars: | 2022-10-11 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

UVALDE, Texas — Uvalde’s school district superintendent announced Monday he plans to resign by the end of the academic year, following months of community outrage over the handling of the United States’ deadliest school shooting in nearly a decade. The Uvalde school board voted unanimously Monday evening to begin the search for Harrell’s successor. The Uvalde school board did not respond to requests for a copy of Harrell’s statement. The superintendent’s announcement comes a week after school district officials suspended the entire school police force. In July, the Uvalde school board called a special meeting to hear from parents.

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