The Bid - An Investing Podcast from BlackRock

Latest Episodes:

212: The Role of Low-Carbon Opportunities In The Infrastructure Investing Landscape Mar 14, 2025

Show notes

Infrastructure investments have long been recognized as a foundation for economic growth and low carbon infrastructure is increasingly becoming an area of interest for investors in both public and private markets. But how will low carbon infrastructure play a role in the evolving energy investing landscape? Helen Jewell, Chief Investment Officer for fundamental equities at BlackRock helps us explore the significance of infrastructure from an investing perspective, the opportunities in public markets, and the long-term growth potential from investments in renewable energy.

Timestamps:

00:00 Introduction to Low-Carbon Infrastructure

00:41 Market Insights with Helen Jewell

03:45 The Role of Public Markets in Infrastructure

07:47 Low Carbon Infrastructure and Energy Needs

10:21 Utilities and Renewable Energy Investments

16:23 Challenges in Infrastructure Investing

17:57 Conclusion and Future Outlook

Sources: “Growth in global electricity demand is set to accelerate in coming years” in IEA, February 2025; BGF Sustainable Growth Infrastructure Fund, Fundamental Equities, BlackRock Febrruary 2025; FTSE Developed Core Infrastructure Index = 3.35%, Source: FTSE Russell as at 31 January 2025; National Grid Sell US Onshore Renewables Arm $174billion Brookfield” Reuters, February 2024; Bloomberg NEF, January 2025; Bloomberg New Energy Outlook, 2025; “How Copper Will Shape Our Future” BHP, September 2025;

This content is for informational purposes only and is not an offer or a solicitation. Reliance upon information in this material is at the sole discretion of the listener. Reference to the names of each company mentioned in this communication is merely for explaining the investment strategy and should not be construed as investment advice or investment recommendation of those companies. In the UK and Non-European Economic Area countries, this is authorised and regulated by the Financial Conduct Authority. In the European Economic Area, this is authorised and regulated by the Netherlands Authority for the Financial Markets. For full disclosures go to Blackrock.com/corporate/compliance/bid-disclosures

low carbon investing, low carbon infrastructure, infrastructure, infrastructure investing, low carbon opportunities, copper, metals, infrastructure investments, blackrock investment insights, low-carbon

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

211: The Intersection of AI and Geopolitics From An Investing Lens Feb 28, 2025

Show notes

Rapid advancements in artificial intelligence are influencing global power dynamics in ways that are reshaping the investment landscape. So, how are these AI developments impacting geopolitics, and what does this mean for investors?

Catherine Kress, Head of Geopolitical Research and Jeff Shen, co-head of systematic equities at BlackRock join Oscar to help us understand the current themes driving the intersection of AI and geopolitics, how the broader technology and AI race is evolving, and the broader implications of the shifting US policy landscape on active management opportunities.

Timestamps:

00:00 Introduction to AI and Geopolitics

00:46 Welcome and Guest Introduction

01:44 Intersection of Geopolitics and AI for investing

02:13 US-China Technology Competition

02:36 Economic and Military Implications of AI

04:09 US Policy on AI and Technology

08:11 Impact on the Tech Sector and Investments

11:06 DeepSeek and the AI Race

19:15 Future Investing Risks and Opportunities

21:44 Conclusion and Final Thoughts

Sources: DeepSeek model training cost claims from paper, January 2025; 60% of US tech revenues derived from overseas based on Aladdin Explore, using revenue breakdowns from the S&P 500 index as of 4/30/2024; “DeepSeek's low-cost AI spotlights billions spent by US tech” Reuters, January 2025; “How DeepSeek AI Sparks Nearly $1 Trillion U.S. Tech Implosion”, Investors Business Daily, January 2025;“Nvidia Stock Has Almost Recovered From DeepSeek Rout. There’s More Good News” Barrons, February 2025; “US government commission pushes Manhattan Project-style AI initiative”, Reuters, Nov 2024; “US tightens control on AI chips export drawing pushback” BBC, January 2025; “FACT SHEET: Ensuring U.S. Security and Economic Strength in the Age of Artificial Intelligence” White House Press Briefing, January 2025; “What Donald Trump’s Win Means For AI” Time Magazine, November 2025; “Trump plans to impose 25% tariffs on autos, chips and pharmaceuticals”, CNN, February 2025; “REMARKS BY VICE PRESIDENT VANCE AT THE ARTIFICIAL INTELLIGENCE (AI) ACTION SUMMIT” US Embassy 2025, February 2025

AI, ai, investment, economy, investing, geopolitics, asset management, policy, mega forces, investment podcast, the bid podcast, geopolitics, deepseek, blackrock, investing podcast

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

210: Thematic Investing: Finding Tomorrow's Investing Themes Today Feb 21, 2025

Show notes

Thematic investing is rapidly gaining traction in today’s investment landscape, but how can investors take advantage of this emerging strategic approach that is thematic investing?

Thematic investing focuses on identifying long-term trends or themes—such as technological advancements, sustainability, or shifting demographics—that could drive growth and innovation. This investment portfolio strategy allows investors to align their portfolios with the forces shaping the future of markets.

In this episode of The Bid, an investing podcast from BlackRock, Jeff Shen, co-head of Systematic Active Equity at BlackRock joins Oscar will explore how BlackRock’s team identifies and evaluates these emerging investing themes, utilizing advanced data analytics and technology to stay ahead of market trends. Jeff will also shed light on how technology plays a crucial role in shaping the future of investing, with innovations like artificial intelligence and big data reshaping the way investors make decisions.

investment, finance, financial markets, economic news, the bid, blackrock, blackrock investment strategies, finance leader, economic analysis, thematic investing

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

209: Why Are Bond Yields Rising As Rates Are Cut? Feb 14, 2025

Show notes

Sharp moves in bond yields have been a key area of focus in markets to start the year. Yields on 10-year treasury bonds are over 1% higher since September 2024 — a historically rare occurrence in both the direction and magnitude of moves. So, what’s driving this phenomenon and how is it reshaping the investment playbook compared to previous cycles? Jeff Rosenberg, Senior Fixed Income Portfolio Manager within the BlackRock Systematic business, will share his perspective on the different dynamics impacting bond yields and how his team is navigating this unique environment.

Sources: Federal Reserve Bank of New York. Statement based on the ACM Model of estimated term premium dating back to the 1960s; Federal Reserve Bank of St. Louis, referencing the US deficit as a percentage of GDP. Data accessed January 2025

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

208: The Economic Impact of Tariffs: How the New U.S. Tariff Policy is Shaping Global Markets Feb 07, 2025

Show notes

Trade policies have always been a critical aspect of global economies and recent developments in U.S. tariff policy have sparked global market volatility and discussions around the impact on inflation. The latest tariff announcements have sent ripples through the markets, affecting various sectors, and raising questions about their long-term impact. But what exactly is the impact of the new tariff policies and how will they influence US businesses, global supply chains and the broader financial market?

In this episode of The Bid, an investing podcast from BlackRock, we dive into the latest developments in trade policies and their impact on global economies. Joining Oscar to unpack these developments is Glenn Purves Global head of Macro in the BlackRock Investment Institute and Catherine Kress, Head of Geopolitical Research and Strategy at BlackRock.

This episode was recorded at 2pm, February 5th, 2025.

import, export, international, economics, government, business, tax, customs, regulation, agreement, duty, protectionism, negotiation, tariff, rates, free trade, tariff rates, tariff policy analysis

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

207: A Macro and Geopolitical Outlook – Live from Davos Jan 24, 2025

Show notes

In a special episode recorded from Davos, host Oscar Pulido is joined by Philipp Hildebrand, Vice Chairman of BlackRock, and Tom Donilon, Chairman of the BlackRock Investment Institute, to discuss the latest insights on the macroeconomic and geopolitical outlook for 2025. Philipp and Tom will provide their expert analysis on how these dynamics are shaping the global economic environment and what it means for investors and policymakers, offering listeners a behind-the-scenes perspective from Davos.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

206: Rebuilding The US Physical Economy Jan 17, 2025

Show notes

A critical theme for 2025 and beyond rebuilding the US physical economy with the Infrastructure, Investment and Jobs Act, and other policy measures, there's a renewed focus on enhancing infrastructure, reshoring manufacturing and addressing the housing supply gap. These efforts are not just about construction and development. They're about revitalizing the US economy and creating sustainable economic growth. Joining Oscar is Jay Jacobs, US head of Thematic and Active ETFs at BlackRock. Jay will provide insights into the demographic trends influencing the housing market, the reshoring of manufacturing, and the bipartisan support for these developments

Sources: New York Governor. "Governor Hochul Announces $54 Million in State Funding to Support the Second Avenue Subway Project." 7/30/2024; Reuters. "JFK Airport's massive overhaul takes winding route through debt markets." 12/6/23; Department of Transportation. "Hudson River Tunnel Project between New York and New Jersey." July 2024; American Society of Civil Engineers. "ASCE'S Infrastructure Report Card Gives U.S. "C-" Grade, Says Investment Gap Trillion, Bold Action Needed. 3/3/2021; Report Card for America's Infrastructure. "Overview of Bridges." 2021; MRL Consulting. "Semiconductor in everyday life: products from leading companies you use daily." 7/31/24; Center for Strategic and International Studies, “Mapping the semiconductor supply chain: the critical role of the indo-pacific region,” 5/30/2023; Semiconductor Industry Association. "America Projected to Triple Semiconductor Manufacturing Capacity by 2032. The Largest Rate of Growth in the World." 5/8/24; Realtor.com, “U.S. housing supply gap grows in 2023; growth outpaces permits in fast-growing sunbelt metros,” 2/27/2024; Motley Fool Money. "Millennial Home-Buying and Homeownership Statistics." 9/10/24; CNN. “More than half of American renters who want to buy a home fear they’ll never afford one." July 29, 2024; Merrill Lynch. "Will the "Great Wealth Transfer" transform the markets?" May 2024.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

205: A Stock Picker's Guide to 2025 Jan 10, 2025

Show notes

As we welcome a new year, we reflect on 2024 as another strong year for equities with inflation, interest rates, and the ongoing impact of artificial intelligence. Still very much in the spotlight. 2025 is shaping up to be an intriguing year for equity investors BlackRock's Global CIO of Fundamental Equities, Tony DeSpirito, will discuss the factors driving the market where he sees the biggest equity opportunities and some of the challenges that lie ahead.

Sources: S&P 500 2 Year Return, Y Charts, ‘How Reddit Surprised Wall Street With 185% Post-IPO Surge’, Investor Business Daily, Nov 2024; Russell 1000 Value Index historical charts; 2023 GICS Changes: Companies Impacted and What You Need to Know, State Street Global Advisors, Jan 2023; The Magnificent Seven Monitor, Reuters; BlackRock Fundamental Equities with data from FactSet as of 11/30/24

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

204: Infrastructure mini-series Ep 2: The Low-Carbon Transition: A $100 Trillion Infrastructure Opportunity Dec 20, 2024

Show notes

In the second episode of our infrastructure mini-series on The Bid, guest host Mark Wiedman, speaks with Matt Harris and Salim Samaha from Global Infrastructure investing to explore one of the biggest opportunities in infrastructure, the global transition to a low carbon economy.

Sources: IEA Net Zero 2050, May 2021; Bloomberg New Energy Finance (BNEF) New Energy Outlook 2024 (May 2024); LevelTen Energy - Q1 2024 PPA Price Index Executive Summary - North America; Carbonomics, Goldman Sachs Dec 2022

This content is for informational purposes only and is not an offer or a solicitation. Reliance upon information in this material is at the sole discretion of the listener. In the UK and Non-European Economic Area countries, this is authorized and regulated by the Financial Conduct Authority. In the European Economic Area, this is authorized and regulated by the Netherlands Authority for the Financial Markets. Reference to the names of each company mentioned in this communication is merely for explaining the investment strategy and should not be construed as investment advice or investment recommendation of those companies. For full disclosures go to Blackrock.com/corporate/compliance/bid-disclosures

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

203: Infrastructure mini-series Ep 1: The Growing Demand For Infrastructure Investment Dec 13, 2024

Show notes

In this first episode of our infrastructure miniseries on The Bid, guest host Mark Wiedman is joined by Raj Rao, Founding Partner, President and Chief Operating Officer of Global Infrastructure Partners (GIP), now a part of BlackRock to talk infrastructure investing 101, how the asset class started, what's driving its growth and why it's becoming a must have in investors' portfolios.

Sources: “Data center spending skyrockets as cloud building rush accelerates”, CIO Dive, Sep 2024;“The Infrastructure Opportunity: Listed Versus Unlisted”, Institutional Investor 2022

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Our TOPPODCAST Picks

Follow Us

Stay Connected

The Bid – An Investing Podcast from BlackRock

Related Podcasts

Links

Stay Connected