Explore our research and insights relating to COVID-19.
China Lockdowns Risk Supply Line Fractures
New COVID restrictions may impede local economic activity, risking global supply lines.
Is 2022 the Endemic Year?
In the latest episode of Exchanges at Goldman Sachs, Jeffrey Shaman, Director of the Climate and Health Program at Columbia University’s Mailman School of Public Health, and Dr. Eric Topol, Founder and Director of the Scripps Translational Science Institute, discuss the rapid spread of the Omicron variant of SARS-CoV-2 and the potential shift to an endemic phase of the pandemic in 2022.
2022: The Endemic Year?
While the lightning spread of the Omicron virus variant has led to a record surge in cases globally, its more transmissible but milder nature has also raised the question of whether it’s ushering in a more manageable, endemic phase of the virus in 2022.
Dr. Scott Gottlieb, Author of Uncontrolled Spread; Former FDA Commissioner; Board Member, Pfizer and Illumina
Dr. Scott Gottlieb, former FDA commissioner, Pfizer and Illumina board member, and author of Uncontrolled Spread, discusses the threat of the Omicron variant, lessons learned from the collective response to the pandemic, and prescriptions for how the country can better prepare for the next outbreak.
Delta, Vaccinations and Boosters
How are healthcare systems coping with the delta variant? Goldman Sachs Research’s Veronika Dubajova shares key takeaways from her conversations with 30 global healthcare and medical technology CEOs and CFOs who virtually attended the firm’s 18th Annual Medtech Conference last week.
Biotech and the Transition from Pandemic to Endemic
Chris Shibutani, senior biotechnology analyst in Goldman Sachs Research, discusses the transition from a Covid-19 pandemic to an endemic, and how biotech companies are preparing for the next stage of vaccines and therapeutics.
Vaccines, Recovery and Innovation in the Healthcare Sector
How has the healthcare sector fared during the pandemic? We spoke with Jenny Chang, a portfolio manager who covers healthcare for Goldman Sachs Asset Management’s Fundamental Equity team, on the sectors she and her team are focused on this year.
The Pandemic’s Impact on Private Equity
At a recent meeting of the Goldman Sachs Asset Management Forum, Mike Brandmeyer, global co-head and co-CIO of the Alternative Investments & Manager Selection Group, and Mike Koester, global co-head of the firmwide Alternatives Capital Markets & Strategy Group, discussed the state of private markets more than one year into the pandemic and how portfolio companies have fared during the crisis.
How the Pandemic is Reshaping Education
Katherine Tait, an equity analyst for Media and Education in Goldman Sachs Research, talks about the future of education and what we’re learning from the disruption of COVID-19.
How Healthcare CIOs Are Investing Capital Through a Public Health Crisis
Paget MacColl, co-head of the Americas Institutional Client Business within Goldman Sachs Asset Management, shares takeaways from GSAM’s annual healthcare diagnostic, which surveys CIOs of nonprofit healthcare organizations and hospital systems. MacColl is joined by Stefan Strein, chief investment officer for the Cleveland Clinic, who talks about managing a portfolio through a public health crisis and why he’s particularly excited about the investment opportunities in tech and ESG.
How Small Businesses Are Faring Entering Year Two of the Pandemic
To start the episode, Joe Wall of Goldman Sachs’ Office of Government Affairs gives an overview of survey results from nearly 1,300 Goldman Sachs Small Businesses participants who answered questions about PPP funding, access to capital, affordable healthcare, the personal toll of COVID-19, and more. Then, two graduates of the Goldman Sachs 10,000 Small Businesses program, Brent Reaves of Smokey John’s Bar-B-Que in Texas and JoEllen Hockenbrough of Providence Power Yoga in Rhode Island, share their personal stories about leading a business through a pandemic and how they’re staying resilient and optimistic looking toward the future.
The Outlook for Vaccine Distribution and Global Growth
Goldman Sachs Senior Economist Daan Struyven discusses the slow start to the COVID-19 vaccine rollout, why he expects bottlenecks to clear, and how vaccination factors into his team’s above-consensus global growth forecast for the year.
The Challenges Behind the COVID-19 Vaccines Rollout
Goldman Sachs Research’s Veronika Dubajova explains the challenges behind the COVID-19 vaccination efforts, including administration logistics and supply constraints.
What’s Included in the $900 Billion US Stimulus Package?
Joe Wall of Goldman Sachs’ Office of Government Affairs explains what’s included – and what’s not – in the US’ second stimulus package of 2020.
Dr. Naureen Starling, Consultant Medical Oncologist at The Royal Marsden
In this episode of Talks at GS, Dr. Naureen Starling, associate director of Clinical Research and Consultant Medical Oncologist at The Royal Marsden, discusses the latest innovations occurring in cancer treatment, and how the COVID-19 pandemic disrupted cancer care.
Dr. Seth Berkley, CEO of Gavi, the Vaccine Alliance
In this episode of Talks at GS, Dr. Seth Berkley, CEO of Gavi, discusses the progress made on the path to a COVID-19 vaccine, the logistics and challenges of distribution, and the strategy behind who receives the first doses.
Vaccine Progress and What’s Next
Salveen Richter, lead analyst for the US Biotechnology sector in Goldman Sachs Research, talks about Pfizer’s clinical-trial results for its COVID-19 vaccine and the obstacles that still lie ahead for FDA approval and widespread distribution.
Measuring the Reopening of America: Range of Recovery Paths Widen for Different Categories, Remain a ‘4’
In week 25 of the Measuring the Reopening of America series, several back-to-normal categories that had improved over the past few weeks reversed trends, including lodging and dining, while stay-at-home vertical growth largely decelerated. Net, our composite score remains the same as last week as the pace of reopening continues to fluctuate across different categories but the overall trend fails to show progress for essentially the third month.
Markets Update: Taking Stock of Year-to-Date Performance
Tony Pasquariello of Global Markets gives an update on US equity performance and why 2020 has seen so much trading activity.
The State of Small Businesses in the UK
Charlotte Keenan, head of the Office of Corporate Engagement’s international responsibilities, talks about how small businesses in the UK are pivoting and persevering through the pandemic.
Retirement Plans’ Rocky 2020…and Where Investors Go from Here
Mike Moran, senior pension strategist for Goldman Sachs Asset Management, discusses how COVID-19 and the resulting market volatility have impacted defined benefit pension plans and participants in defined contribution plans, and what to consider going forward.
Markets Update: Investors Assess How and When to Position Portfolios for a Post-Vaccine Economy
Erin Riley of the Markets Coverage Group in Private Wealth Management discusses the two key milestones her clients are watching: the U.S. election and the potential for a COVID-19 vaccine.
Innovation in the Industrials Sector
Matt McClure, co-head of the Global Industrials Group in the Investment Banking Division, discusses the high volume and velocity of deal activity in the sector since March.
Mike Fries, CEO and Vice Chairman of Liberty Global
In this episode of Talks at GS, Liberty Global CEO Mike Fries discusses the impact of the pandemic on global connectivity, the acceleration of digitalization and the future of the company’s global broadband network.
COVID-19: Where We Go From Here
Well into the COVID-19 pandemic, countries continue to grapple with managing the virus while restoring economic activity. Where the virus will go from here, what that means for the economy and markets—and how the vaccine outlook might impact everything—is Top of Mind.
Rodney McMullen, Chairman and CEO of The Kroger Company
In this episode of Talks at GS, Kroger CEO Rodney McMullen discusses leading the nation’s largest supermarket chain through the economic shutdown, the impact of the crisis on the nation’s food supply and the expected digital transformation of the grocery business.
How Automated Robots are Supporting the Surge in E-commerce
In this episode of our Venture Capital Horizon series with Heath Terry of Goldman Sachs Research, we dive into the future of e-commerce and the adoption of robotics in everything from manufacturing to packaging and delivery.
“Climbing the Wall of Worry”
Sharmin Mossavar-Rahmani, head of the Investment Strategy Group for Goldman Sachs’ Consumer and Investment Management Division, discusses the “wall of worry” that US equities have climbed since the trough of the S&P 500 in March and her team’s recommendation to stay invested amid the current challenges of the pandemic.
Michael Dell, Chairman and CEO of Dell Technologies
In this episode of Talks at GS, Michael Dell discusses leading Dell Technologies through these challenging times, the rapid acceleration of remote workforce technologies and the digital divide that has been exacerbated during the economic shutdown.
Doreen Lawrence, Baroness Lawrence of Clarendon, OBE
In this episode of Talks at GS, Doreen Lawrence, Baroness Lawrence of Clarendon, discusses her work campaigning for justice following her son Stephen’s 1993 murder and her views on race relations today.
Where CIOs are Allocating Capital, According to GSAM’s 2020 Insurance Report
Mike Siegel of Goldman Sachs Asset Management summarizes key investment trends from GSAM’s 2020 Insurance Report.
Pricing the Probability of Virus Risks
Dominic Wilson, senior markets advisor and advisory director for Goldman Sachs Research, discusses how the markets are assessing the upside and downside risks of the pandemic.
Markets Update: "Investor Sobriety" Carries into Q3
Tony Pasquariello of Global Markets recaps the historic market rally of Q2 and institutional investors’ outlook for Q3.
Measuring the Reopening of America: Composite Score Declines Continue for Second Straight Week
Following our first 6 weeks in the series, GS Research continues to monitor the reopening of America, as cities and states across the U.S. begin to reopen at different paces and with different processes in place.
How COVID-19 Is Impacting the College Application Process
Just as the pandemic has accelerated a shift to online learning, it is also reshaping the college application process. On a recent client webcast, Goldman Sachs’ John Mallory, who leads the firm’s Americas Private Wealth Management business, spoke with Amy Alexander and Sai Samboon of Bright Horizons College Coach about the trends shaping the college admissions process.
U.S. Dollar Weakness
Zach Pandl of Goldman Sachs Research explains the factors driving U.S. dollar weakness.
Markets Update: Banks’ Stress Tests
Richard Ramsden of Goldman Sachs Research explains what the results from U.S. banks’ latest stress tests say about the health of the industry.
Face Masks and GDP
Jan Hatzius, head of Goldman Sachs Research and the firm’s chief economist, explores the link between face masks and coronavirus outcomes, and the economic value of a national face mask mandate in reducing the need for broad lockdowns.
Leslie Odom Jr., Original Cast Member of Hamilton
In this episode of Talks at GS, Leslie Odom Jr. discusses the role that the arts play in the current conversation around racial equity, the release of Hamilton as a film, and the continuing cultural relevance of the story of the musical since its 2015 Broadway debut.
The Evolution of Airline Financing During a Crisis
The airline industry has faced its fair share of crises, but the coronavirus has pushed it into new territory. Greg Lee of Goldman Sachs’ Investment Banking Division looks at how some airlines are weathering the pandemic.
Markets Update: Will the Recovery Be Derailed?
Amelia Garnett of Global Markets discusses how investors are weighing market risks.
The Future of Fintech
Jeff Gido, global head of the Financial Technology sector in Goldman Sachs’ Investment Banking Division, discusses how the pandemic has accelerated widespread adoption of fintech.
Trends in Japanese Markets
Ben Ferguson, head of Goldman Sachs’ Asia Pacific Equities Distribution and co-head of Japan Securities Sales, talks about the lessons learned from the introduction in 2016 of negative interest rates on Japan’s economy and the impact of coronavirus on corporate reform.
How COVID-19 is Impacting Companies’ M&A Strategies
Tim Ingrassia of Goldman Sachs Investment Banking Division provides an update on M&A trends.
Val Ackerman, Commissioner of the Big East Conference
In this episode of Talks at GS, Big East Conference Commissioner Val Ackerman discusses navigating the conference through COVID-19, the future of live sports and her ideas to foster greater diversity in college and professional athletics.
Right Honourable David Lammy, Member of Parliament for Tottenham
In this episode of Talks at GS, David Lammy, member of Parliament for Tottenham, discusses race relations in the UK, his work campaigning for social justice and the impact of the coronavirus on the Asian, Black and minority ethnic communities.
Markets Update: The Rise of the Retail Investor
Philip Berlinski, COO of Global Equities, provides an update on what’s driving equity markets.
Carbonomics: The Green Engine of Economic Recovery
Clean tech has a major role to play in the upcoming economic recovery. Leveraging our Carbonomics cost curve, we estimate that clean tech has the potential to drive US$1-2 tn pa of green infrastructure investments and create 15-20 mn jobs worldwide, through public-private collaboration.
How COVID-19 Is Shaping the Global M&A Outlook
After a decade-long bull run, mergers and acquisition activity slowed sharply earlier this year as global economies came to a halt. But there are signs of life in the M&A market as countries start to reopen, according to the global co-heads of Goldman Sachs’ Mergers & Acquisitions business in the Investment Banking Division—Michael Carr, Dusty Philip and Gilberto Pozzi—who shared their outlooks on the year ahead.
Measuring the Reopening of America: Moving to a ‘2’
Following our first five weeks in the series, GS Research continues to monitor the reopening of America, as cities and states across the U.S. begin to reopen at different paces and with different processes in place.
Scott Mills, President of BET Networks
In this episode of Talks at GS, BET Networks President Scott Mills discusses systemic racism, violence and inequality in American life; BET’s efforts to empower black Americans through its programming; and ways in which protest can lead to sustainable change.
Mayors LaToya Cantrell, Eric Johnson, and Nan Whaley
In this episode of Talks at GS, mayors Eric Johnson (Dallas, TX), Nan Whaley (Dayton, OH), and LaToya Cantrell (New Orleans, LA) discuss how they are thinking about the way forward for their communities post-pandemic and on issues of racial equality.
Dr. Susan David, Alex Gorsky, and Dr. Mark McClellan
In this episode of Talks at GS, psychologist Susan David, Johnson & Johnson CEO Alex Gorsky, and Dr. Mark McClellan discuss the healthcare response to COVID-19 and how to protect, educate and empower your workforce.
Peter Oppenheimer, Goldman Sachs Chief Global Equity Strategist
In this episode of Talks at GS, Goldman Sachs Research’s Peter Oppenheimer discusses his new book, The Long Good Buy: Analyzing Cycles in the Markets, his assessment of the current market cycle, and his views on how the policy response to COVID-19 will impact the future of the markets.
Ben Cardin, Steve Daines, Maggie Hassan, US Senators
In this episode of Talks at GS, US Senators Ben Cardin, Steve Daines, and Maggie Hassan discuss the federal government’s efforts to assist small business owners impacted by the economic shutdown.
The Great Reset: A Framework for Investing After COVID-19
Steve Strongin discusses a new framework for investing after COVID-19.
Measuring the Reopening of America: Likely the last week at ‘1’
Following our first four weeks in the series, GS Research continues to monitor the reopening of America, as cities and states across the U.S. begin to reopen at different paces and with different processes in place.
COVID-19’s Impact on the Future of Fintech
The pandemic is accelerating the adoption of financial technology, known as fintech, among consumers, businesses and government entities. Goldman Sachs’ Jeff Gido and Brandon Watkins of the Investment Banking Division shared their insights on the secular trends driving fintech growth and how the shutdown is creating opportunities in the sector.
Accelerated Innovation in the Healthcare Industry
Jenny Chang, portfolio manager for Goldman Sachs Asset Management’s Fundamental Equity team, discusses how the pandemic is driving innovation and increased collaboration across the healthcare industry.
Markets Update: Investors Assess U.S.-China Risks
Michael Cassell of Global Markets gives a quick update on how investors are approaching market risks, from US-China tensions to ongoing COVID-19 uncertainty.
The Great Reset: A Framework for Investing After COVID-19
Goldman Sachs Research explores topics and questions related to COVID-19 and provides a framework for the post-COVID-19 investing environment across three phases (preservation, consolidation and innovation) that capture the structural dynamics of the competitive environment.
Corie Barry, Chief Executive Officer of Best Buy
In this episode of Talks at GS, Best Buy CEO Corie Barry discusses leading the consumer electronics retailer through COVID-19, and how it has led to a transformation of the retail environment and the customer’s experience.
Measuring the Reopening of America: Steady Progress Though the Scale Remains at 1
Following our first three weeks in the series, GS Research continues to monitor the reopening of America, as cities and states across the U.S. begin to reopen at different paces and with different processes in place.
The Future of Work: What’s Next for Hardware
Rod Hall, senior equity analyst for Goldman Sachs Research’s Hardware and Communications Technology group, discusses how the rapid transition to working remotely could pave the way for technologies like virtual reality, enterprise infrastructure at home, and more.
The Future of Work: Enterprise 4.0
Heather Bellini, business unit leader of Goldman Sachs’ Technology Research Group, discusses how the rapid transition to working from home has accelerated the next phase of enterprise software.
A Conversation with Jefferies Financial Group CEO Rich Handler
As one of the longest-tenured CEOs on Wall Street, Jefferies Financial Group CEO Rich Handler says the current crisis is unlike any he’s ever seen and will have profound effects on the economy, consumer behavior and the future of work. Speaking at a virtual Goldman Sachs Asset Management (GSAM) Forum event, Handler shared his thoughts with Katie Koch, co-head of GSAM’s Fundamental Equity business.
Measuring the Reopening of America: Signs of Progress
Following our first two weeks in the series, GS Research continues to monitor the reopening of America, as cities and states across the U.S. begin to reopen at different paces and with different processes in place.
Markets Update: Investor Sentiment Improves as Lockdowns Lift
Tony Pasquariello of Goldman Sachs’ Global Markets Division provides an update on how investors are reacting to the gradual re-opening of the U.S. economy.
How the Insurance Industry Is Reacting to COVID-19
Michael Siegel, head of the Insurance Asset Management and the Liquidity Solutions businesses within Goldman Sachs Asset Management, talks about the ways the insurance industry is adapting to the challenges brought on by the coronavirus.
Eric Yuan, Founder and CEO of Zoom
In this episode of Talks at GS, Zoom CEO Eric Yuan discusses the recent acceleration of the video conferencing business and how the digital transformation will impact the future of work.
The Challenges of COVID-19 Across Emerging Market Economies
Kevin Daly, co-head of Goldman Sachs’ CEEMEA Economics Research, discusses the impact of the pandemic on emerging markets government deficit and debt levels, and the fiscal adjustments that are likely to be required in the aftermath of the crisis.
Jared Diamond, Author of Upheaval
In this episode of Talks at GS, Jared Diamond discusses his latest book, Upheaval, in which he analyzes how nations have coped with challenges throughout history, and gives his perspective on how lessons from past challenges can apply today.
The State of Goldman Sachs’ Small-Business Lending
Margaret Anadu, head of the Urban Investment Group, provides an update on the $500 million Goldman Sachs has committed in lending capital for small businesses.
Getting Capital to Small Businesses
Bill Bynum, is the CEO of HOPE, a Community Development Financial Institution in Jackson, Mississippi, with whom Goldman Sachs is partnering to get capital in the hands of small businesses. Margaret Anadu, head of the Merchant Banking Division’s Urban Investment Group (UIG) at Goldman Sachs, spoke recently with Bynum about the status of those efforts.
Supply and Demand Issues in the Auto Industry
Axel Hoefer, Goldman Sachs’ head of auto industry coverage in Europe, discusses the impact of coronavirus on the global demand for cars and the outlook for manufacturing as production restarts in some countries.
Reopening Retail and the Future of Shopping
Jen Davis, Goldman Sachs’ head of retail investment banking, discusses the impact of the pandemic on various parts of the retail industry, including the potential shift in consumer behavior and the outlook for e-commerce.
Markets Update: How ESG is Changing
Goldman Sachs’ John Goldstein and external speakers provide an update on ESG and COVID-19.
Measuring the Reopening of America: The GS US Reopening Scale
With cities and states across the US beginning to reopen, Goldman Sachs Research has introduced a new weekly tracker to help gauge progress in a wide range of consumer and business segments.
Philip Jansen, Chief Executive Officer of BT Group
In this episode of Talks at GS, BT Group CEO Philip Jansen discusses leading the global telecommunications company through COVID-19, the impact that COVID-19 is having on the telecommunications industry, and the future of global connectivity.
How Are Small Businesses Surviving?
Asahi Pompey, global head of Corporate Engagement and president of the Goldman Sachs Foundation, interviews three graduates of the Goldman Sachs 10,000 Small Businesses program.
Bernard Looney, Chief Executive Officer of BP
In this episode of Talks at GS, BP CEO Bernard Looney discusses leading the global energy company through COVID-19, the company’s continued commitment to its sustainability goals, and his insights on the state of the global energy market.
How Coronavirus is Changing the Way Food is Bought and Sold
Ben Frost, head of Mergers & Acquisitions for Goldman Sachs’ Consumer Retail Group, discusses the impact of coronavirus on grocery stores, supply chains, and consumer behavior.
Markets Update: Latin America
Jen Roth of Global Markets provides an update on how COVID-19 is impacting investor sentiment in emerging markets.
Telehealth’s Rapid Rise
Jim Sinclair, a Managing Director in Goldman Sachs’ Healthcare Investment Banking Division, discusses how the pandemic is driving increased adoption of telehealth technology.
Measuring the Reopening of America: Introducing the Reopening Scale
With cities and states across the US beginning to reopen, Goldman Sachs Research has introduced a new weekly tracker to help gauge progress in a wide range of consumer and business segments.
Daniel Susskind, Author of A World Without Work
In this episode of Talks at GS, economist Daniel Susskind discusses the impact of coronavirus on the global workforce and how technology has transformed the future of work.
Richard Gnodde on Navigating Through a Crisis
Richard Gnodde, chief executive officer of Goldman Sachs International, discusses how business leaders in Europe are thinking about their corporate planning and decision-making in response to the economic downturn.
Client Call: How Retailers Will Re-Open
Brian Dodge, President of the Retail Industry Leaders Association, discusses how retailers will re-open.
Tracking China’s Economic Recovery
Trina Chen, co-head of Goldman Sachs’ China Equity Research, shares trends she’s seeing in her team’s aggregated demand tracker, which measures recovery in a wide range of industrial and consumer data points.
The Wave of Fallen Angels
Ashish Shah, co-chief investment officer for Goldman Sachs Asset Management’s Global Fixed Income and Liquidity Solutions business, discusses the wave of fallen angels as rating agencies downgrade the debt of blue-chip companies at the fastest rate since the financial crisis.
António Guterres, United Nations Secretary-General
In this episode of Talks at GS, UN Secretary-General António Guterres discusses leading the UN’s global response to COVID-19 and the health, economic and human rights implications of the pandemic across the world.
The Popularity of PIPEs Amid an Uncertain Environment
Public companies and investors have turned to private investments in public equity, or PIPEs, to raise capital at historically high levels given the uncertainty around the COVID-19 pandemic. Goldman Sachs Investment Banking Division’s Mike Voris and Evan Green discussed the appeal of the approach and why the trend has continued even as liquidity has returned to fixed income markets.
Stacy Selig on ESG as a Market Theme
Stacy Selig, co-head of Goldman Sachs Global Sales Strats and Structuring, talks about how she’s helping investors see past the broader trends reflected in major indices and dig deeper to find the tactical drivers of the global economy in a time of historic disruption and uncertainty.
Markets Update: Central Bank Responses
Alex Blanchard of Goldman Sachs’ Global Markets Division shares an update on how global central banks are responding to liquidity concerns.
Jason Mathews on Major Themes Driving Markets
Jason Mathews from Goldman Sachs Equity Derivative Sales discusses how clients are navigating markets and planning for the future during a time of unprecedented volatility.
How Corporate CEOs are Navigating the Shutdown
Matt Gibson, co-head of Goldman Sachs Global Investment Banking Services, discusses what’s on the minds of CEOs as they navigate the shutdown—from an early focus on liquidity and adapting to work from home, to first quarter earnings and the long-term outlook for their businesses.
How the Shutdown is Driving Millennial Investing Themes
Laura Destribats, portfolio manager for Goldman Sachs Asset Management’s fundamental equity team, discusses how the economic shutdown is accelerating growth across industries like video conferencing, e-commerce, streaming, and social media.
Managing a Global Workforce During a Pandemic
Goldman Sachs’ Bentley de Beyer had just started in his position as the firm’s Global Head of Human Capital Management when the coronavirus hit. In a recent conversation with Greg Wilson, Head of Institutional Client Businesses at the firm’s Ayco financial counseling business, de Beyer spoke about his transition to the firm, the future of work and how he communicates with a global workforce during the crisis. What follows is an edited excerpt from their conversation.
Deepak Chopra, MD, Founder of The Chopra Foundation
In this episode of Talks at GS, Deepak Chopra, MD, discusses his insights on well-being, mindfulness and purpose during these challenging times.
The Case for Variable Dividends
Jim Covello, Goldman Sachs Research’s co-head of single name research, discusses the idea of “variable dividends” as an alternative to fixed dividends, which can provide companies with greater balance sheet flexibility.
A Conversation with Tito Mboweni, Minister of Finance of South Africa
In this podcast episode, South Africa Minister of Finance, Tito Mboweni, discusses the economic and financial outlook for South Africa amid the coronavirus pandemic. The conversation was moderated by Kunal Shah of the Securities Division and Andrew Matheny of Goldman Sachs Research during a phone call recorded on April 24, 2020.
The State of the Real Estate Market
In this episode of Talks at GS, Goldman Sachs’ Sharmin Mossavar-Rahmani discusses the state of the real estate market with a group of business leaders.
José Manuel Barroso on Europe’s Economic Relief Package
José Manuel Barroso, chairman of Goldman Sachs International and former president of the European Commission, weighs in on the economic relief package endorsed by European leaders.
What Shutdowns Mean for Real Estate Investing
Nora Creedon, global head of REITs and Infrastructure in Goldman Sachs Asset Management, discusses how the economic shutdown has impacted real estate investing across sectors.
The Record Volumes and Big Deals Reshaping the Credit Markets
Jonny Fine, head of Goldman Sachs’ Investment Grade Syndicate in the Americas, discusses what’s driving the corporate credit markets during a time of unprecedented uncertainty.
Client Call: Oil Update as Negative Prices Emerge
Goldman Sachs’ Jeff Currie, Damien Courvalin, Brian Singer, and Anthony Dewell provide an update on oil markets as negative prices emerge.
How the Housing Sector Has Been Impacted by the Economic Slowdown
Terry Hagerty of Goldman Sachs’ Investment Banking Division talks about how COVID-19 has impacted the outlook for housing and the broader building products sector.
Harit Talwar on the Future of Consumer Banking
Harit Talwar, global head of Goldman Sachs’ Consumer Business, discusses the impact of the economic shutdown on the evolution of consumer financial services.
The Complicated Path to Recovery
The path to full economic recovery is likely to be complicated and gradual, as wide swaths of the economy are forced to rebuild and adapt. At a recent Forum discussion, Goldman Sachs Asset Management’s (GSAM) Katie Koch, co-head of the Fundamental Equity business, spoke with Steve Strongin, senior advisor at the firm and former head of Goldman Sachs Research, about the forward path.
Paul Farmer CBE, CEO of Mind
In this episode of Talks at GS, Mind CEO Paul Farmer CBE discusses the impact of the coronavirus pandemic on global mental health and well-being and how the organization is adapting treatments in the midst of the crisis.
Jeff Maggioncalda, CEO of Coursera
In this episode of Talks at GS, Jeff Maggioncalda discusses the challenges that are currently transforming the education landscape.
Latin America’s Response to the Economic Downturn
Gonzalo Garcia, Goldman Sachs co-head of Latin America and head of Investment Banking in Latin America, discusses how the current environment is impacting the region’s economy and how the firm is helping clients access capital to stabilize economies across the region.
Markets Update: What Investors Are Watching
As volatility continues in the public markets, Meena Flynn of Goldman Sachs’ Consumer and Investment Management Division gives her analysis on the latest swings and explains how investors with permanent capital are positioning themselves.
How Markets Have “Changed Forever”
Ashok Varadhan, global co-head of Goldman Sachs’ Global Markets Division, talks about how financial trading has adapted to a primarily remote workforce.
Adm. Timothy J. Keating, USN (Ret.) and Brig. Gen. Robert S. Spalding III, USAF (Ret.)
In this episode of Talks at GS, Admiral Timothy Keating, the former Commander of the US Pacific Command, and Brigadier General Robert S. Spalding III, the former Senior Director for Strategic Planning at the National Security Council, discuss coronavirus and the geopolitical implications for China.
Muni Market Activity
Sylvia Yeh, co-head of Goldman Sachs Asset Management’s Municipal Fixed Income business, discusses volatility in the municipal bonds market and what the Federal Reserve’s latest measures could mean for investors.
An Update on Therapies and Vaccines
In this episode of Talks at GS, Goldman Sachs’ Sharmin Mossavar-Rahmani discusses the latest developments on COVID-19 therapies and vaccines with a group of leading experts.
How COVID-19 is Reshaping the Corporate IPO in Asia
The face to-face meetings between investors and executives, often requiring week-long tours of major cities across the globe, are emblematic of the IPO process. But such in-person presentations may soon be giving way to virtual IPO roadshows in a travel-restricted landscape. We spoke with Goldman Sachs’ Bill Chu, Sam Thong, James Wang and Darius Naraghi of the Investment Banking team in Hong Kong about the trends that are reshaping the IPO process in Asia.
Why Money Markets Matter Right Now
Kathleen Hughes, global head of Liquidity Solutions in Goldman Sachs Asset Management, discusses the emerging focus on money markets and short-duration investing as businesses look to navigate the current market environment.
Jovita Carranza, Administrator of the U.S. Small Business Administration
In this episode of Talks at GS, Jovita Carranza, the administrator of the U.S. Small Business Administration (SBA), discusses her leadership of the SBA during the coronavirus pandemic, the economic impact of the pandemic on the small business community, and federal relief for that community during the crisis.
Markets Update: CEO David Solomon Shares His Perspectives on the Current Environment
Goldman Sachs Chairman and CEO David Solomon shares his views on the pandemic and the economic impact, alongside other of the firm’s senior leaders.
Volatility in the Oil Markets
Michele Della Vigna, Goldman Sachs Research’s head of EMEA natural resources, discusses the dual challenges the world’s oil producers are facing from coronavirus and a battle for market share, which has caused a global imbalance in the supply and demand for oil.
How Investors Are Approaching ESG Today
Kara Mangone, Chief Operating Officer of Goldman Sachs’ Sustainable Finance Group, discusses how the global pandemic is impacting the way corporates and investors approach ESG.
The Tech Sector’s Resilience During the Coronavirus Crisis
The technology sector was a strong outperformer during the bull market and, so far, is outperforming other sectors during the current downturn. At a recent Goldman Sachs Asset Management (GSAM) Forum event, Sung Cho and Greg Tuorto, portfolio managers on GSAM’s Fundamental Equity team specializing in technology, and David Fischkoff on GSAM Fixed Income’s credit team, shared their perspectives on why the sector is poised to weather the current crises.
Oil’s Seismic Shock
The global oil market is experiencing a massive demand shock, with demand for transportation fuels sitting in the crosshairs of the coronavirus crisis. At the same time, major oil producers have engaged in a war for oil market share, resulting in a sizable supply shock. The impact of these simultaneous shocks on oil prices, OPEC+, the oil industry, and credit and financial markets more broadly are Top of Mind.
Markets Update: Do Investors Think The S&P 500 Has Bottomed Out?
Anne Marie Darling of Goldman Sachs’ Global Markets Division analyzes the S&P 500 index’s historically fast fall into bear market territory.
The Challenges and Opportunities of Working from Home
Atte Lahtiranta, Goldman Sachs’ chief technology officer, discusses ways that the pandemic is accelerating the digital transformation of the financial services industry, and the long-term implications across industries.
Historical Surge in Jobless Claims
Goldman Sachs Research’s David Mericle, chief US economist, discusses the historical surge in jobless claims and what it signals for GDP.
Jonathan Karl, Chief White House Correspondent for ABC News
Journalist Jonathan Karl discusses covering the Trump administration during the coronavirus crisis as well as his insights from covering President Trump for decades, as described in his new book, Front Row at the Trump Show.
Navigating Market Volatility
Kevin Kelly, Goldman Sachs’ co-head of Global Prime Services, discusses how hedge funds are navigating historic levels of market volatility and clients’ “constructive, cautiously optimistic” sentiment looking ahead.
Client Call: Market Volatility and Potential Economic Impacts
In an effort to provide timely and valuable updates regarding ongoing market volatility and potential economic impacts, we’re sharing a “Market Update” call hosted by our Investment Banking Division.
China’s Economic Recovery and Equity Markets
More than two months after imposing quarantines to battle the COVID-19 epidemic, China is on the economic road to recovery. Shao Ping Guan, head of the China Equity team and lead portfolio manager of Goldman Sachs Asset Management’s China Equity strategies, shared his thoughts on the country’s recovery and the resilience of its equity markets.
The Anatomy of Bear Markets
Goldman Sachs Research’s Peter Oppenheimer, chief global equity strategist, examines the current market downturn within the context of bear markets throughout history.
US Senators Marco Rubio and Ben Cardin
In this episode of Talks at GS, US Senators Marco Rubio and Ben Cardin discuss the federal policy response to the coronavirus pandemic and how the recently passed Coronavirus Aid, Relief, and Economic Security Act impacts small businesses.
The Impact of Market Volatility on Retirement Investing
Mike Moran, pension strategist in Goldman Sachs Asset Management, discusses how market volatility is affecting retirement investments, including corporate defined benefit pensions and 401(k) plans.
Markets Update: Europe and COVID-19
Andrew Wilson of Goldman Sachs’ Consumer and Investment Management Division explains how European markets have been reacting to the ongoing COVID-19 outbreak.
An Update on the Economic and Public Health Implications of Coronavirus for Europe
In this episode of Talks at GS, Goldman Sachs’ Sharmin Mossavar-Rahmani discusses the economic and public health implications of coronavirus for Europe with a number of leading health and economic experts.
Economic Impact of Coronavirus in Japan
Goldman Sachs Research’s Kathy Matsui, co-head of macro research in Asia and chief Japan equity strategist, discusses the economic impact of the postponement of the Tokyo Summer Olympics and Paralympics and how the pandemic is affecting the outlook for Japanese equities.
Update on US Growth and Earnings Forecasts, and Expected Stimulus Programs
Goldman Sachs’ top economists and strategists discuss revised forecasts for the US economy and the outlook for stimulus programs.
Markets Update: How COVID-19 Is and Isn't Like the '08 Financial Crisis
Joe Montesano, head of Americas Equity Trading for Goldman Sachs, analyzes how the coronavirus pandemic continues to add volatility to financial markets.
A Coronavirus Update with Leading Health Experts and Business Leaders
In this episode of Talks at GS, Goldman Sachs’ Sharmin Mossavar-Rahmani discusses coronavirus testing, hospital readiness and the search for a therapy and vaccine with a number of leading health experts and business leaders.
How Coronavirus Is Reshaping Classroom Learning
As universities across the US, Europe and Asia cancel in-person classes in an effort to contain the spread of coronavirus, traditional classrooms are adopting virtual classrooms—which could jumpstart the long-term adoption of remote learning. We sat down with Goldman Sachs’ Adam Nordin, who covers the educational technology sector for the Investment Banking Division, and shared his thoughts on one of the fastest-growing segments in higher education.
Dr. Michael Mina of the Harvard T.H. Chan School of Public Health
In this episode of Talks at GS, Dr. Michael Mina of the Harvard T.H. Chan School of Public Health discusses the evolving understanding of COVID-19 biology and epidemiology and approaches to “flatten the curve” in the context of diagnostics, potential therapeutics and vaccines.
Re-thinking How We Work During a Pandemic
Goldman Sachs’ global medical director, Dr. Michael Rendel, talks about the firm’s response to the coronavirus pandemic and shares advice for how individuals can stay healthy and productive while working remotely.
From Room to Grow to Room to Fall
Read updated insights from Goldman Sachs’ Investment Strategy Group.
The Equity Market Selloff
When news of coronavirus first broke earlier in the year, Goldman Sachs Research’s Peter Oppenheimer warned that the markets were being too complacent. With the stock market’s latest plunge, we sat down with Peter to get his views on how severe the selloff could be and the key metrics and risks investors should watch.
After the Sharp Drop in Prices, What’s Next for Oil?
The oil price war that contributed to the recent stock market plummet represents a structural shift in the energy market that will have lasting repercussions for producers around the globe, says Goldman Sachs Research’s Jeff Currie.