18 Burst results for "CIBC"

"cibc" Discussed on The CIBC Private Wealth Podcast

The CIBC Private Wealth Podcast

07:50 min | 4 months ago

"cibc" Discussed on The CIBC Private Wealth Podcast

"Terms of instruction would be the main loss and that turned out to be so much worse in many parts of the country than we ever dreamed it would be. We still don't know exactly the degree of loss learning from that. We're starting to get some sensitive has been profound disruption in learning for students. I think we have more clarity now about the students that are in the greatest peril and i think that the the younger students are the biggest worry because they need very hands on contact teachers for the literacy and numeracy and social emotional. You know. I think that the middle school students are doing a little bit better than we thought they would. Many of them are a bit older can regulate themselves a little bit more bit more comfortable with technology. And i think in some parts of the country high school students have adapted so if schools aren't contributing to the spread of the virus and proactive safety measures have proven effective wires. District still closed. What needs to be done to get these schools open again. And when will it happen. I feel confident saying that. This will be a local political decision. Not a public health decision. That's been the case all along. Each community is gonna make this decision based on political factors the three things that predict whether a school opened this year the first one is a percentage of the vote that trump got twenty sixteen. So it's very politicized. From the beginning. He came out in the summer and said schools should open and a lot of more blue parts of the country that may have reopened otherwise they kind of started to resist it because he was pushing it. The second thing that predicts that is whether or not the local school district as fucking barton so in that case the school district has no plea bargaining. And then it's basically a school more decisions where you have collective bargain. You have to negotiate that with the union and the reason that that new york schools are closing is because they negotiated with the union that if the poverty rate in the community went above three percent. They close the schools. They were being held there being held to. They agree to that and so they're stuck with it and they had to agree to that to get the schools open and then the third factor that predicted is is the district so the school district did not open our large school districts that have collective bargaining in communities. That didn't vote for trump worth factor. That also matters a little bit is the concentration of parochial schools community. The more parochial schools. You have the more likely it. Is that the public. Schools opened because of the competition. But you notice. What i said was none of these things you know what doesn't predict reopening whatsoever the virus infection rate zero zero impact and this was a cross hundred. I mean thousands of district stay study so it will be a local political decision. My my guess is that things. You know we'll start hopefully to cool down in mid january and i think going forward from there the temperatures will eventually be going up. The vaccine will be closer on the horizon. All the factors by that point. We'll probably be pointing more towards reopening one. Huge change on the horizon is shifting administration. The federal attitude towards education will change regardless. But how can we expect tomorrow's policies to reflect those lessons. We're learning today. My biggest hope is that they don't try to pretend this didn't happen and get back to business as usual and just move on without acknowledging. How much work we have to do the repair. We have to rebuild. We can't just we can't just move on. That's one number two. Is i really hope that they they remember to invest in families and i just investment school systems. Our schools in our systems need our support and resources right now but the schools in the systems have not been bearing the brunt. The last nine months families have parents have. They're the ones that need support and relief. No the ones who are mostly drained. And so i think direct support for families for things like get your kids back. In sports activities music activities gymnastics all the things they haven't been able to do and may not be able to afford in the near future Music lessons all those things. Those are things that the government offer tax credits for and and also invest in helping them find tutoring for kids. Who if. I really hope that they do that my expectation. I think that the new administration have much more organized than here approach. So if you. And i talking three or four months. You can hold me to that. But i think that they're determined to give better clear guidance and to have benchmarks. I hope that they appoint a secretary of education who is very committed to getting schools reopened safely. And that matt is somebody who who is is determined to make that happen and isn't content to just sorta say and do whatever you want which is really really bad but there are some steps we can take on our own and things employers can do to support the families of their employees during these challenging times. We have seen employers. Continue to be really flexible. Emceeing employers who've taken matters into their own hands that we work with an employer in louisiana manufacturer you know. We have frontline manufacturer. Employees people that do assembly. We know that their kids are in real danger. And we're not gonna wait. We're not content to wait for the schools. We're going to start in literacy tutoring program right now and they have employees tutoring other employees kids. They they started it within a couple of weeks and it's up and running so amazing and they basically are trying to rely on themselves and their own community their own resources to make sure that kids don't fall behind and so i do think that one thing that employers can think about is how can they support the whole worker and a worker whose whose child is in the middle of an educational catastrophe can be the best employees. So i think If there was one thing that employers can do it is you know. Get support to parents and get Learning support the kids to employers can cause with tutoring. How can they make space. But how can they allow employees to tear as tutors especially in the context of what can be done. Virtually to use their their human capital that way covid nineteen will clearly have lasting impacts on education system the effect the pandemic has on children's current and future education may well affect their entire lives moving forward fortunately innovation and technology are rushing to meet these new challenges but it will take a concentrated effort from says individuals and as a nation to offset the legacy of covid nineteen for more on this and other topics. Subscribe to this podcast and visit wealth dot. Us dot dot com cibc. Private wealth management include national trust company. Cnbc delaware trust company. Private wealth advisors inc all of which are wholly owned subsidiaries of cnbc private wealth llc and the private banking division of the bank usa. All of these entities are wholly owned subsidiaries of canadian imperial bank of commerce. This document is intended for informational purposes. Only and of the material presented should not be construed as an offer or recommendation to buy or sell any security concepts expressed current as of the date of this publication only and may change without notice such concepts or the opinions of investment professionals many of whom are chartered financial analyst charter holders which certified financial plan. It professionals certified financial planner. Board of standards inc owns the certification marks. Cfp and certified financial planner in the us. There is no guarantee that these views will come to pass past. Performance does not guarantee future comparable results the tax information contained herein. His general for informational purposes only cnbc. Private wealth management does not provide tax advice. And the information contained herein should only be used in consultation with your legal accounting tax advisors to the extent that information contained to. You're innocent arrived from third party sources although we believe to be reliable we cannot guarantee their accuracy. The logo is a registered trademark of cbc used under license investment products are not fdic insured may lose value and are not guaranteed..

barton gymnastics new york Cnbc delaware trust Private wealth advisors inc cnbc private wealth llc bank usa matt louisiana assembly cibc Board of standards inc Us cnbc cbc fdic
"cibc" Discussed on The CIBC Private Wealth Podcast

The CIBC Private Wealth Podcast

02:24 min | 6 months ago

"cibc" Discussed on The CIBC Private Wealth Podcast

"We had very <Speech_Telephony_Male> few patients that <Speech_Telephony_Male> were actually using <Speech_Telephony_Male> it on a regular basis <Speech_Telephony_Male> it exploded <Speech_Telephony_Male> in <Speech_Telephony_Male> a positive way during <Speech_Telephony_Male> <Speech_Telephony_Male> the pandemic and has continued <Speech_Male> now, so there <Speech_Telephony_Male> was a <SpeakerChange> a point <Speech_Telephony_Male> in time where <Speech_Telephony_Male> we were <Speech_Telephony_Male> for <SpeakerChange> <Speech_Telephony_Male> our Primary <Speech_Telephony_Male> Care visits 90% <Speech_Male> <Speech_Telephony_Male> of our primary care <Speech_Telephony_Male> business were <Speech_Telephony_Male> done through tell. <Speech_Telephony_Male> Oh that's now <Speech_Telephony_Male> a decreased <Speech_Telephony_Male> about 30%. <Speech_Telephony_Male> Percent is a massive <Speech_Telephony_Male> number. So our <Speech_Telephony_Male> system will be fine. <Speech_Telephony_Male> We're <Speech_Telephony_Male> a large and <Speech_Telephony_Male> strong and <Speech_Telephony_Male> were <Speech_Telephony_Male> hurt badly <Speech_Telephony_Male> through this pandemic, <Speech_Telephony_Male> but <Speech_Male> we certainly have <Speech_Telephony_Male> the the welcome <Speech_Telephony_Male> call to <Speech_Telephony_Male> make <SpeakerChange> it through <Speech_Telephony_Male> to the other side that <Speech_Telephony_Male> isn't true for everybody and <Speech_Male> it's <Speech_Male> disproportionately <Speech_Telephony_Male> affecting, you <Speech_Telephony_Male> know, smaller <Speech_Telephony_Male> independent <Speech_Telephony_Male> hospitals particular. <Speech_Telephony_Male> Those <Speech_Telephony_Male> that serve rural. Yep. <Speech_Telephony_Male> Because if <Speech_Male> those hospitals <Speech_Telephony_Male> <SpeakerChange> <Speech_Male> go away, <Speech_Telephony_Male> then <Silence> <Speech_Male> you'll have <Speech_Telephony_Male> communities that <Speech_Male> that <Speech_Telephony_Male> don't have access to <Speech_Telephony_Male> care and <Speech_Telephony_Male> I think that you <Speech_Telephony_Male> know, how do you worry that <Speech_Telephony_Male> that will <Speech_Male> <SpeakerChange> be one <Speech_Telephony_Male> of the outcomes the <Speech_Male> longer-term <Speech_Male> may have <Speech_Male> a more positive prognosis <Speech_Male> if <Speech_Male> we actually learn <Speech_Male> from the lessons of <Speech_Male> the day and adjust <Speech_Male> our priorities accordingly <Speech_Male> with Stan the <Speech_Male> legacy of covid-19 <Speech_Male> and Healthcare <Speech_Male> may leave us <Speech_Male> stronger My Hope <Speech_Music_Male> Is that we actually build <Speech_Music_Male> a resilient <Speech_Music_Male> system <Speech_Music_Male> of care in <Speech_Music_Male> this country that we find <Speech_Music_Male> a way to <Speech_Music_Male> put it <Speech_Music_Male> on National agenda <Speech_Music_Male> that we find a way to <Speech_Music_Male> have National <Speech_Music_Male> <Speech_Music_Male> a national approach <Speech_Music_Male> cohesive <Speech_Music_Male> a collaborative <Speech_Music_Male> approach to <Speech_Music_Male> a <Speech_Music_Male> <Advertisement> healthcare not just <Speech_Music_Male> during an <Speech_Music_Male> emergency but <Speech_Music_Male> <Advertisement> took all of those other <Speech_Music_Male> <Advertisement> times also and <Speech_Music_Male> <Advertisement> if <Speech_Music_Male> <Advertisement> the pandemic <Speech_Music_Male> revealed <Speech_Music_Male> all of the deficiencies <Speech_Music_Male> <Speech_Music_Male> of not <Speech_Music_Male> having <Speech_Music_Male> <SpeakerChange> a common <Speech_Music_Male> <Advertisement> approach, you <Speech_Music_Male> <Advertisement> know my <Speech_Music_Male> <Advertisement> home. Is that <Speech_Music_Male> <Advertisement> we start to <SpeakerChange> work <Speech_Music_Male> <Advertisement> on and correct them <Speech_Music_Male> <Advertisement> for more on <Speech_Music_Male> this and other <Speech_Music_Male> <Advertisement> topics subscribe <Speech_Music_Male> <Advertisement> to this podcast <Speech_Music_Male> and the visit <Speech_Music_Male> wealth <Speech_Music_Male> <Advertisement> <Speech_Music_Male> <Advertisement> <SpeakerChange> <Speech_Music_Male> <Silence> <Advertisement> off. <Speech_Male> CIBC <Speech_Male> private wealth management <Speech_Male> includes CIBC <Silence> National Trust Company <Speech_Male> CIBC Delaware <Speech_Male> Trust Company <Speech_Male> CIBC private Wealth <Speech_Male> Advisors Incorporated <Speech_Male> all of which are wholly-owned <Speech_Male> subsidiaries of CIBC <Speech_Male> private wealth Group <Speech_Male> LLC and <Speech_Male> the price making division of CIBC <Silence> Bank USA. <Speech_Male> All of these <Speech_Male> entities are wholly-owned <Speech_Male> subsidiaries of Canadian <Speech_Male> Imperial Bank <Silence> of Commerce. <Speech_Male> This document is intended <Speech_Male> for informational <Speech_Male> purposes only and <Speech_Male> the material presented <Speech_Male> should not be construed as <Speech_Male> an office

CIBC Stan National Trust Company Delaware Trust Company Bank USA.
"cibc" Discussed on The CIBC Private Wealth Podcast

The CIBC Private Wealth Podcast

02:06 min | 6 months ago

"cibc" Discussed on The CIBC Private Wealth Podcast

"When when looking at energy stocks. Can you elaborate on some of the most important ones certainly wage? I think when when looking at energy, you always have to stay focused on supply and demand and that balance and and its impact on commodity prices which are the key driver of sentiment within the energy sector. The other thing you have to stay focused on is operational costs and which companies are leaders in a in in on the cost side because in a commoditized uh in a commoditized sector such as energy that that really is in the end. We'll we'll point you to the companies that will do better over time one development that we have seen in in really in the last year or so has been this intense Focus from investors on free cash flow Generation by the company so for very long time Energy sector was a consumer of capital and it was very much just grow at all costs mentality that has completely flipped and now investors are demanding that companies live within their own cash flow and return any excess cash flow to shareholders. So we think that's an important inflection in in the space and and one which will drive returns going forward. Great. Thanks. And really thank you for joining us today providing us with your insights. And thank you all for listening. For more on this and other topics subscribe to this podcast and visit wealth CIBC private wealth management includes Thursday see National Trust Company CIBC, Delaware Trust Company and CIBC private Wealth Advisors Incorporated all of which are wholly-owned subsidiaries of CIBC private wealth Group LLC and the private wealth division of CIBC Bank USA. All of these entities are wholly-owned subsidiaries of Canadian Imperial Bank of Commerce. This podcast is intended for informational purposes only and the material presented should not be construed as an offer or recommendation to buy or sell any security contents Express current as of the date of this publication and may change without notice..

CIBC private wealth Group LLC CIBC private Wealth Advisors I CIBC CIBC Bank USA. Canadian Imperial Bank of Comm National Trust Company Delaware Trust Company
"cibc" Discussed on The CIBC Private Wealth Podcast

The CIBC Private Wealth Podcast

04:57 min | 6 months ago

"cibc" Discussed on The CIBC Private Wealth Podcast

"Welcome to our final podcast covering the election and the potential impact on Industries and sectors. I'm Trisha Bannon head of equities and co-manager of our disciplined Equity strategy c i b c private wealth. I'm joined by Lance Mar senior Equity analyst covering energy today. We'll discuss possible election outcomes and how they may affect the energy sector. So Lance, let's begin with a binding Administration. What would that mean for the energy sector under a scenario where either there's a democratic sweep em in the case that Republicans retain control of the Senate. We think that's an important distinction as it's really sets. Just how ambitious Biden's energy policy can be. We also think it's important to note that the messaging out of the Biden campaign so far is not really so much an overt assault on traditional energy, but rather much more focused on supporting the clean energy transition in particular has proposed to trillion-dollar climate plan is really about stimulus spending on infrastructure and accelerating the pace of decarbonization through support for clean energy, which would clearly benefit companies exposed to Renewables and cleantech at the expense of traditional energy companies over time, but to put that in the context the plan calls for the yep. Economy to be Net Zero carbon emissions by 2050. So in thirty years which reinforces the notion that the energy transition group will take decades even under an accelerated plan off..

Lance Mar Biden Trisha Bannon Equity analyst assault head of equities Senate co-manager
"cibc" Discussed on The CIBC Private Wealth Podcast

The CIBC Private Wealth Podcast

02:34 min | 6 months ago

"cibc" Discussed on The CIBC Private Wealth Podcast

"I think it's clear from <Speech_Telephony_Female> your commentary <Speech_Telephony_Female> that there are multiple <Speech_Telephony_Female> factors <Speech_Telephony_Female> to take into account <Speech_Telephony_Female> election or <Speech_Telephony_Female> not. When <Speech_Telephony_Female> investing in the financial <Speech_Telephony_Female> sector, <Speech_Telephony_Female> so why don't you take a moment <Speech_Telephony_Female> to discuss <Speech_Telephony_Male> how we approach <Speech_Telephony_Male> investing in <Silence> financials? <SpeakerChange> <Speech_Male> <Speech_Telephony_Male> Sure. Yeah, <Speech_Telephony_Male> predicting the political <Speech_Telephony_Male> process is very difficult. <Speech_Telephony_Male> <Speech_Telephony_Male> I would also say making <Speech_Telephony_Male> investment <Speech_Telephony_Male> decisions based on <Speech_Telephony_Male> predicting macro-trends <Speech_Telephony_Male> is just <Speech_Telephony_Male> as difficult. <Speech_Telephony_Male> Yeah, that's why our <Speech_Telephony_Male> Focus here on the same <Speech_Telephony_Male> team at CIBC <Speech_Telephony_Male> private wealth <Speech_Telephony_Male> is really construct <Speech_Telephony_Male> our portfolios from the <Speech_Telephony_Male> bottom up rather <Speech_Telephony_Male> than top-down. <Speech_Telephony_Male> <Speech_Telephony_Male> Yes, we're certainly aware <Speech_Telephony_Male> of the risks and potential <Speech_Telephony_Male> opportunities <Speech_Telephony_Male> and the impact <Speech_Telephony_Male> the different political <Speech_Telephony_Male> or macro-trends may <Speech_Telephony_Male> have our portfolio companies, <Speech_Telephony_Male> <Speech_Telephony_Male> but we're ultimately trying <Speech_Telephony_Male> to identify <Speech_Telephony_Male> and invest <Speech_Telephony_Male> in the leaders <Speech_Telephony_Male> of particular sectors <Silence> and industries. <Speech_Telephony_Male> Those are companies <Speech_Telephony_Male> with the ability <Speech_Telephony_Male> to invest <Speech_Telephony_Male> precious shareholder <Speech_Telephony_Male> Capital <Speech_Telephony_Male> into their businesses <Speech_Telephony_Male> internet access Returns <Speech_Telephony_Male> on that invested <Speech_Telephony_Male> Capital <Speech_Telephony_Male> that's going to be the ultimate <Speech_Telephony_Male> determinant <Speech_Telephony_Male> of long-term <Speech_Telephony_Male> shareholder <Silence> value creation. <Speech_Male> The fiber <Speech_Telephony_Male> sector can be quite <Speech_Telephony_Male> cyclical <Speech_Telephony_Male> heavily regulated <Speech_Telephony_Male> Banks <Speech_Telephony_Male> and insurance companies <Speech_Telephony_Male> in particular <Speech_Telephony_Male> are capital-intensive <Speech_Telephony_Male> <Speech_Telephony_Male> sectors highly sensitive <Speech_Telephony_Male> to macro factors <Speech_Telephony_Male> like interest rate <Speech_Telephony_Male> spread. <Speech_Telephony_Male> GDP growth <Speech_Telephony_Male> so on <Speech_Telephony_Male> so we have to be <Silence> mindful of these risks. <Speech_Male> <Speech_Telephony_Male> It's our focus is <Speech_Telephony_Male> on identifying the companies <Speech_Telephony_Male> that will outperform <Speech_Telephony_Male> their peers over <Speech_Telephony_Male> Market cycle. <Speech_Telephony_Male> And these are going <Speech_Telephony_Male> to be companies wage identifiable <Speech_Telephony_Male> growth opportunities <Silence> <Speech_Telephony_Male> a history <Speech_Telephony_Male> of strong <Speech_Telephony_Male> execution <Speech_Telephony_Male> and and <Speech_Telephony_Male> and solid risk management <Silence> skills. <Speech_Telephony_Male> Finally, <Speech_Telephony_Male> you know just taking into <Speech_Telephony_Male> account our view of quality <Speech_Telephony_Male> and the fundamental <Silence> Outlook. <Speech_Telephony_Male> We remain disciplined <Speech_Telephony_Male> on valuations <Speech_Telephony_Male> always <Speech_Telephony_Male> to help ensure a good <Speech_Telephony_Male> company <Speech_Telephony_Male> will also be a good stock <Speech_Telephony_Male> in the long run <Silence> <SpeakerChange> off. <Silence> <Silence> <Speech_Telephony_Female> Great. <Speech_Telephony_Female> We really appreciate your thoughts <Speech_Telephony_Female> Brandt. <Silence> Thank you all for listening. <Silence> <Speech_Male> For more on this <Speech_Male> and other <Speech_Male> topics subscribe <Speech_Male> to this podcast <Speech_Male> and <Speech_Male> visit wealth, <Speech_Male> <Speech_Male> <Speech_Male> <SpeakerChange> <Speech_Male> <Speech_Male> CIBC private wealth <Speech_Male> management includes Thursday <Speech_Male> see National Trust Company <Speech_Male> CIBC, Delaware <Speech_Male> Trust Company and CIBC <Speech_Male> private Wealth Advisors <Speech_Male> Incorporated <Speech_Male> all of which are wholly-owned <Speech_Male> subsidiaries of CIBC <Speech_Male> private wealth Group <Speech_Male> LLC <Speech_Male> and the private wealth division <Speech_Male> of CIBC Bank USA. <Speech_Male> All of <Speech_Male> these are wholly-owned <Speech_Male> subsidiaries of Canadian <Speech_Male> Imperial Bank <Speech_Male> of Commerce. This <Speech_Male> podcast is intended for <Speech_Male> informational purposes <Speech_Male> only and the material presented <Speech_Male> should not be construed <Speech_Male> as an offer or recommendation <Speech_Male> to buy or sell <Speech_Male> any security <Speech_Male> contents Express current as of the date of this publication and may change without notice.

CIBC CIBC Bank USA. private Wealth Advisors Brandt. Imperial Bank Delaware National Trust Company Trust Company
"cibc" Discussed on The CIBC Private Wealth Podcast

The CIBC Private Wealth Podcast

06:02 min | 6 months ago

"cibc" Discussed on The CIBC Private Wealth Podcast

"Welcome to our election podcast, I'm Trisha Bannon head of equities and co-manager of our disciplined Equity strategy at CIBC private. Well, I'm joined by Brandt Houston also co-manager ever disciplined Equity strategy and Senior analyst covering the financial sector today. We'll discuss possible election outcomes and how they may affect the financial setback. So let's begin with banks. What are the implications of abiding win? There are three main areas of discussion as we think about the election's impact on the banks a first tax policy second the regulatory environment and third the potential impact of fiscal stimulus. So let's say each one in turn taxation is probably the most discussed Topic in regards to the election. The Biden Camp is proposed raising the corporate tax rate from 21% currently to 28% under the proposed change which would effectively remove about half the benefit of the Trump tax cuts from a few years ago. The company's effective tax rate is largely dependent on a mix of where they do business in the world. The banks are very eccentric and that's we would expect close to a hundred percent of any tax rate tax hike to float through the banking industry as p&l. Estimates on their names. In fact that I have seen generally put their earnings drag at 5 to 7 % due to higher tax rates and turn into regulations A banks are heavily regulated industry under wage parties in charge traditionally Democrats have favored a more Hands-On approach to ensure both systemic resiliency as well as further social priorities. Both of these objectives can have an impact on long-term returns for Consumer Finance companies specifically abide, when is likely to come with a stronger role for the Consumer Finance Protection Bureau or cfpb, which is largely wage sidelined in the Trump administration of the last several years and we think it would be given New Life under a Bible Administration in addition to pointing the head of the c s t v the President also controls the appointments to lead the fomc the FDIC and the OCC but those offices have terms so they would not all be swapped out at the same time unless it would limit the impact of swapping out for more trouble point he's dead. Biden's pics finally on fiscal stimulus with quote unquote Blue Wave we could see odds of a very large stimulus package increasing NASA fiscal stimulus.

"cibc" Discussed on The CIBC Private Wealth Podcast

The CIBC Private Wealth Podcast

01:59 min | 7 months ago

"cibc" Discussed on The CIBC Private Wealth Podcast

"Own is <Speech_Male> <Advertisement> you try to <Speech_Telephony_Male> 15,000 <Speech_Telephony_Male> you might literally <Speech_Telephony_Male> look at a million <Speech_Telephony_Male> different files. <Speech_Telephony_Male> How many people does <Speech_Telephony_Male> it take <Speech_Telephony_Male> to try figure that <Speech_Telephony_Male> out? And then she <Speech_Telephony_Male> can do that on <Speech_Telephony_Male> an accelerated basis <Speech_Telephony_Male> and <Speech_Telephony_Male> basically gin <Speech_Telephony_Male> up your highest <Speech_Telephony_Male> probability <Speech_Telephony_Male> <SpeakerChange> hits and <Speech_Telephony_Male> then you can focus <Speech_Telephony_Male> on those those <Speech_Telephony_Male> <Speech_Telephony_Male> on this particular <Speech_Telephony_Male> patient files <Speech_Telephony_Male> in order to determine <Speech_Telephony_Male> whether <Speech_Telephony_Male> there there's a white <Speech_Telephony_Male> candidate for the for <Speech_Telephony_Male> the you know for vaccine. <Speech_Telephony_Male> It's <Speech_Telephony_Male> it's very important <Speech_Telephony_Male> that <Speech_Telephony_Male> they do a <Speech_Telephony_Male> good job <Speech_Telephony_Male> of matching <Speech_Telephony_Male> the guide log. <Speech_Telephony_Male> Instrumentation to <Speech_Telephony_Male> the drug <Speech_Telephony_Male> and very <Speech_Telephony_Male> easily <Speech_Telephony_Male> be assisted <Speech_Telephony_Male> <SpeakerChange> by animals <Speech_Music_Male> artificial <Speech_Music_Male> intelligence <Speech_Male> has already impacted <Speech_Male> the healthcare industry from <Speech_Male> research <Speech_Music_Male> and <Speech_Male> development <Speech_Male> all the way through pharmaceutical <Speech_Music_Male> distribution and <Speech_Music_Male> <Speech_Music_Male> in such a cautious industry, <Speech_Music_Male> notoriously <Speech_Music_Male> hesitant <Speech_Music_Male> to new practices <Speech_Music_Male> and Technologies covid-19 <Speech_Music_Male> <Speech_Male> has changed <Speech_Male> the game once <Speech_Music_Male> again surging <Speech_Music_Male> this development <Speech_Music_Male> forward in new <Speech_Music_Male> and exciting ways investors <Speech_Music_Male> <Speech_Music_Male> should recognize <Speech_Male> that traditional <Speech_Music_Male> models may <Speech_Music_Male> be nearing obsolescence <Speech_Music_Male> and keep <Speech_Music_Male> an eye on this rapidly-changing <Speech_Music_Male> Horizon for <Speech_Male> what we'll actually <Speech_Music_Male> be a better <Speech_Music_Male> healthier <Speech_Music_Male> <SpeakerChange> future. <Speech_Music_Male> To <Music> <Advertisement> <Music> <Advertisement> <Speech_Music_Male> <Advertisement> <SpeakerChange> <Speech_Music_Male> <Advertisement> explore the legacy <Speech_Music_Male> <Advertisement> of covid-19 along <Speech_Music_Male> <Advertisement> with us subscribe <Speech_Music_Male> <Advertisement> to <Speech_Music_Male> <Advertisement> this podcast and <Speech_Music_Male> <Advertisement> visit wealth <Speech_Music_Male> may <Speech_Music_Male> <Speech_Music_Male> be c.com. <Speech_Music_Male> <SpeakerChange> <Speech_Music_Male> <Music> <Speech_Music_Male> CIBC <Speech_Male> private wealth management <Speech_Male> includes CIBC National <Speech_Male> Trust Company <Speech_Male> CIBC Delaware Trust <Speech_Male> Company and CIBC <Speech_Male> private Wealth Advisors <Speech_Male> Incorporated all <Speech_Male> of which are wholly-owned subsidiaries <Speech_Male> of CIBC <Speech_Male> private wealth Group LLC <Speech_Male> and the <Speech_Male> private World Vision of CIBC <Speech_Male> Bank USA. <Speech_Male> All of these entities <Speech_Male> are wholly-owned subsidiaries <Speech_Male> of Canadian <Speech_Male> Imperial Bank of Commerce. <Speech_Male> This podcast <Speech_Male> is intended for informational <Speech_Male> purposes only and <Speech_Male> the material presented should <Speech_Male> not be construed as an <Speech_Male> offer or recommendation <Speech_Male> to buy or sell any <Speech_Male> security contents <Speech_Male> expressed our current <Speech_Male> as of the date this publication and may change without notice.

CIBC CIBC National CIBC Delaware Trust private Wealth Advisors private wealth Group LLC Trust Company Imperial Bank of Commerce. Bank USA.
"cibc" Discussed on The CIBC Private Wealth Podcast

The CIBC Private Wealth Podcast

02:16 min | 7 months ago

"cibc" Discussed on The CIBC Private Wealth Podcast

"They're back at levels and then from managed care companies, you know, those who benefited Bose for Medicaid expansion would face the biggest headwind has you know, they would lose a large number of members that were covered by that by Thursday. Fan shouldn't coverage. Maybe just take a minute to discuss how we actually navigate the healthcare sector given this level of uncertainty. Sure across all our strategies. I think we really attempt to invest in companies that control their own Destinies. And so those companies whose fortunes are determined by things like legislative changes interest rate movements wage or even commodity prices, you know, we try to work around those scenarios and not be as Reliant in terms of what those things how those those factors wage impact stocks. So what we can't completely avoid those factors, we certainly can attempt to limit on within Healthcare. You know, what we really try to do is focus on companies have brought product lines broad Geographic dispersion. So they're not reliant on one single country or product line. We're also looking at those companies have truly unique and differentiated products or Services those the ones are much less susceptible pricing pressure. Finally bought those companies that aren't subject to legislative changes. Ultimately. We think that over time these companies control their own destiny and that should provide a greater opportunity for offside within the stock price with a lot less volatility. Well, thank you, Jim and thank you all for listening and please be on the lookout for upcoming broadcasts covering elected selection issues and how they affect or may affect the e r g and financial sectors. Thank you. For more on this and other topics subscribe to this podcast and visit wealth CIBC private wealth management includes the The National Trust Company CIBC Delaware Trust Company and CIBC private Wealth Advisors Incorporated all of which are wholly-owned subsidiaries of CIBC private wealth Group LLC and the private wealth division of CIBC Bank USA. All of these are wholly-owned subsidiaries of Canadian Imperial Bank of Commerce. This podcast is intended for informational purposes only and the material presented should not be construed as an offer or recommendation to buy or sell any security contents Expressway current as of the date this publication and may change without notice..

CIBC private wealth Group LLC CIBC private Wealth Advisors I The National Trust Company CIB CIBC CIBC Bank USA. Reliant Canadian Imperial Bank of Comm Bose Jim
"cibc" Discussed on The CIBC Private Wealth Podcast

The CIBC Private Wealth Podcast

05:32 min | 1 year ago

"cibc" Discussed on The CIBC Private Wealth Podcast

"Hello this is Dave done. Abedian CHIEF INVESTMENT OFFICER FOR CIBC Private Wealth Management in recent weeks. We've seen the beginning of what a very deep recession looks like math. Layoffs have led to shocking levels of unemployment insurance claims you've seen retail sales industrial production and home sales plummet in March. And we know there's probably more dismal data likely to come in the weeks ahead and that's because the public health policy were pursuing to arrest cove in nineteen has produced a shutdown of most of the economy. We believe that the recession began in March and the second quarter will be the sharpest decline in economic activity in post world. War Two history while we can't say that the worst is over yet it's not too soon to contemplate what an economic recovery might look like the first thing that needs to fall into place before an economic recovery begins is a slowing the case. Count and reduction in the mortality of Cova Nineteen. Well much of the news there is still grim leading indicators do point toward a slowdown in the spread of the corona virus. We've seen daily net new cases in the US peak in mid April. And that's a good sign given that the numbers being tested has continued to rise. This is all unleashed debate around the country about when and how to reopen the economy. It appears this is GonNa play out sort of like a national experiment with each state being. Its own laboratory. Federal guidelines exists. Some states are running ahead of those guidelines while others plan to adopt a more conservative approach. What is consistent though? Is this idea of a stage. Reopening in other words starting out by opening a low risk parts of the economy taking a couple of weeks to assess how it's going and also assessing the health data over that time period and then going okay potentially opening up more moderate risk parts of the economy and so on all of these scenarios include the assumption that if Colbert nineteen cases start going in the wrong direction that the reopening process could be halted or even reversed several European countries have just instituted phase. One of their reopening plans in the last week and hopefully we can learn something from that. We do believe that the economy will his bottom sometime over the summer and that recovery will begin in the second half of the year but we need to be mindful of the fact that we dug a very deep economic ditch. And it's GonNa take a long time to fully recover. We estimate that it will take two to three years for GDP to get back to where it was at the beginning of twenty twenty one key thing. We're focused on is how fast confidence is restored in the idea that we are back to some semblance of normal in other words when businesses reopened with their customers go back to normal buying patterns and wilder employees comfortable. Coming back to work. We think that this normalization process is gonNA take some time. Which is why we think the recovery is going to be uneven and the long game. The story is really quite similar. Corporate profits a dramatic fall off a cliff in a probable long. Climb BACK BEFORE. We fully repaired the damage. But it's important to remember that the stock market will not wait for all of this transfer to transpire. It anticipates the future more than it reacts. And we're already seeing this play out over the last month the S. and P. Five hundred is rebounded by more than twenty percent. So it's begun to price and the likelihood that the worst of Kobe. Nineteen is either here or behind us and the impact of massive government intervention to support the economy and on that front cumulative impact of rescue measures by the federal government the Congress the White House and the Fed only three times what was employed during the great financial crisis so we agree with one aspect of what the stock market is telling us that Alo- March twenty third will probably mark the low for this entire bear market at the same time. We don't think the bear market is over. Instead over the next several weeks we look for a wide trading range marked by continued volatility. Kind of a classic standoff between fear and hope this is a normal part of the recovery process in a bear market unlike the economy itself is going to take some time to work out. Thanks for your time. We'll continue to keep you updated on the financial markets in the weeks ahead. If you have any questions please don't hesitate to reach out to your relationship manager or contact it's the IDC for more on this and other topics subscribe to this podcast and visit wealth dot. Us Dot C. I B. C. DOT COM CIBC private wealth management include CIBC National Trust Company. Cbc Delaware Trust Company and CNBC. Private Wealth Advisors Incorporated all of which are wholly owned subsidiaries. Cibc Private Wealth Group LLC and the Private Wealth Division of CNBC BANK USA. All of these entities are wholly owned subsidiaries of Canadian Imperial Bank of Commerce. This podcast is intended for informational purposes. Only and the material presented should not be construed as an offer or recommendation to buy or sell any security contents expressed or current as the date of this publication and may change without notice..

CIBC Private Wealth Management Cibc Private Wealth Group LLC Private Wealth Advisors Incorp CIBC National Trust Company Cova Nineteen CNBC Private Wealth Division CHIEF INVESTMENT OFFICER US Dave Canadian Imperial Bank of Comm Colbert Delaware Trust Company federal government Fed
"cibc" Discussed on The CIBC Private Wealth Podcast

The CIBC Private Wealth Podcast

08:06 min | 1 year ago

"cibc" Discussed on The CIBC Private Wealth Podcast

"Hello I'm Teresa marks and I'm joined by my colleague Halsey Schreier we are both senior strategist at CIBC private wealth. This is the fourth in the six part series regarding proactive. Planning through the series. We've been exploring wealth planning opportunities with low market values and high market volatility in this podcast. We're going to look at sales to grant or trough. Sales to grand tour. Trust are similar to the grant and flat techniques that we talked about previously in that we're trying to leverage high exemption amounts with low market values and low interest rates so to get started talking about sales to grant trust. I think I we need to understand what is granted trust so healthy. Can you start us off there by giving us a description of what a grand tour trust is is your thing? They saw a grant or trust in this world. Really we're talking about it. Irrevocable trust tree by person generally for the benefit of their family whether it be spouse and descendants that is outside the assets are outside of their taxable estate. But do do some you know issue at some rules in the tax code. The Trust is actually PAT income taxes packing back to the grandeur. So we're we're taking advantage of this. Little Quirk in the tax code that allows for the setup of this trust that has Outside of one's estate before income tax purposes the they're treated as the owner of the assets and so that way those assets when once winter inside that trust in the grant awards alive they. Those assets are growing without the burden of the income tax because the grant or has the pay for them. Okay so how do we leverage and grand tour trust with selling of assets only talk about stale grant for trust? What are we talking about? What does that technique look like? I shouldn't say so this technique really we're looking at. It's another state freeze technique so just like the gret where you're sort of giving what we're trying to get that appreciation of the assets outside of this so in this technique generally how it structured is the grand tour will make a gift to the trust the help of asset so generally. It's going to be at least ten percent of the total value that will be inside the trust because that gift of marketable securities or something will help fund the payments of the loan. And then the grand tour Dell's an asset to the trust in exchange for promissory note and the promissory note is structured with a marketable interest rate. It's tied to the applicable federal rate the F. R. And Right now. Those rates are pretty low. They're approaching the historic lows. That were set back in two thousand twelve in two thousand thirteen. But in exchange for that note the trust receives those assets and then the goal for the strategy overall. Is that basically? We have this. Low interest rate that the trust has to pay the interest back to the grandeur but as long as the assets inside of the trust row more than that interest rate right now in. April rate is one point two then that appreciation is outside of the grand doors estate and passes through the next generation of transfer tax. So how does the grand tour trust part of it enhanced the strategy? So because it's a grant or trust there's there's a revenue ruling that came out in the mid eighties that everyone uses that so basically this sale that the grand tour makes the trip. Because it's a grand tour trust. There's no tax impact so most times a new cell asset the someone else to another entity there's going to be a recognition of tax because for income tax purposes the grandeur in the grandeur. Trust are one the same person. There really is no exchange so that when they sell this asset to the grandeur trust the grandeur doesn't have to pay capital gains ordinary income tax on that asset and also the assets inside of a trust or now going to grow income tax free because the grant or has the pay the taxes on any income earned inside the trust whether it'd be the investment of the interesting stuff it being a grant or trust really helps supercharge the growth. Because you're taking away that burden efficient taxes so really. The grand tour sells the asset to the trust doesn't recognize any income upon the sale and then doesn't recognize any income with interest payments are made or in that final principle payment is made in effect eliminating the income tax consequence of the sale while having the benefit of the transfer tax benefit of the sale in terms of getting that asset in the appreciation on that asset outside the estate. That's right so the door makes that seed gift to help fund those interest payments and then. They're avoiding all. The income. Tax consequences are muted by the fact that it's a grandeur trust and for income tax purposes only not for the transfer tax world but for income tax purposes that trust is treated basically the same as the grandeur were able to take advantage of the benefits of the grant trust status. So why is now a good time? I mean you know again like other techniques. These these are the sale to a grand. Trust is a technique that can be used at any time but why is now a particularly good time to looking at a sale to grant trust now makes a lot of sense for sale to grant or trust for a number of reasons of one is the low interest valley a low interest rate. That's out there available to us Bro. These marketable notes so as I said earlier. It's about one point. Two percent AF are right now. So that's a pretty low hurdle rate for the assets grow so when you sell the assets to the ranch or trust and the no only has to pay one point two percent and the assets can grow more than that then you're really getting the benefit of appreciation going outside of state second is we got lower values than we. Did you know three or four months ago so by transferring as these depressed asset values? There's there's potentially more room for growth but also if you when you're making that C. Gift to the trust of you know. Start the whole thing off basically. You're leveraging your gift tax exemptions so with something that was worth a million dollars three months ago mailing or seven hundred thousand now so instead of using that million dollars exemption using seven hundred thousand so but you're getting the same asset out so it's nice that you have the potential to leverage at exemption. Also we don't know where the political winds will blow but as of right now The transfer tax exemptions are scheduled to drop back. Do about half of what they are today at the end of. Twenty twenty five so if we're sort of approaching that event horizon where we may want to consider utilizing some of that exemption case. It's not there so those three things really dictate. Now is a great time to look at the stretch so really being able to leverage not only the grant or trust aspect of the strategy but really the low interest rates low asset values not only preceding gift but for essentially freezing assets that you're selling out of the potentially low value as well as taking advantage of high exemption really sounds like a really good technique to be considering during this time that's correct it's just like with the other district with the grant and he's estate freeze techniques. Low asset values with low interest rates really provide a unique opportunity to transfer a substantial amount of wealth of next generation for a much lower cost than it was earlier this year at the end of last year. And I think it's important to point out just like we have in an earlier. Podcast that you know this is just one of many different techniques that that might interest people in that might be the right fit for for people and while there's no one size fits all technique. It's particularly important to be working with a with a team of advisers to talk about what assets makes sense. What technique makes the most sense really involving your entire team to look at all these different strategies and say you know which one is the best fit for each client and the client's family that's correct? We cannot stress that enough. Where as with all these techniques? We've discussed it you. It really is about having the best team around you. And then getting the advice from the right professionals and making sure that one whatever techniques left or whatever is appropriate for your situation is done. It's done correctly because if you happen to enter into these and a.

senior strategist Teresa marks Halsey Schreier CIBC Dell
"cibc" Discussed on The CIBC Private Wealth Podcast

The CIBC Private Wealth Podcast

06:09 min | 1 year ago

"cibc" Discussed on The CIBC Private Wealth Podcast

"Hello this is Dave Don Abedian chief investment officer. Cibc private wealth management with the latest in our series of market update. The first quarter of twenty twenty was the worst quarter for the stock market since the middle of the great financial crisis and you know well the reason why covert nineteen and paralysis of the global economy. That has resulted over the next few minutes I'm going to discuss. The most critical issues will be focused on in determining the path for the economy in the months ahead. I think of these issues as markers along the road. Our assumption is that a recession began in March and that it will get very ugly in the second quarter. There's a lot of effort now by economists to quantify just how bad it will get. I don't really think that's the right focus. I think we should just concede it's going to be awful and focus on the more important question which is when will this recession really this intentional recession and in other words when can the economy begins to recover there are three areas where intensely focused on to answer the question and those three are policy. Asia and covert nineteen itself on the Policy Front. The Federal Reserve unleashed more stimulus. Rescue plans in the last month and I think even the most diligent fed watcher can keep track of its way beyond anything. They've done before even during the great financial crisis last week. Fiscal rescue package was signed into law amounting to two point two trillion dollars or about ten percent of GDP again like nothing ever seen in peacetime before yet because of the completely unique and uncertain nature of corona virus. We can't be sure that these policies will work so we'll be testing on a daily basis whether these various measures are having the intended effect or not. It's too soon to know on the fiscal package because it just became law but there are encouraging signs on the cumulative. Impact of the Fed's dramatic actions. Daily liquidity has improved and trading is smoother in most corners of the credit market versus. Just two weeks ago and that is served to reduce overall stress on the system on the fiscal side. The goal is to tide over cash-strapped businesses and households essentially to throw them a lifeline so they can survive long enough to participate in the recovery that we know will eventually happen the size the scope and the overall aggressiveness of this Cares Act. This fiscal package is very impressive. But rapid implementation will be critical. And that's not typically the hallmark of the federal government. So there is some implementation risk there. The next critical market is what's happening in Asian economies because covert nineteen hit their first and has subsided. We might be able to use developments in say China and South Korea as leading indicators of how and when the economy here might hit bottom and what a recovery might look like so just a minute take a look at what's going on in China now. China will likely report a decline in first quarter economic activity. It'll be the first such decline since the nineteen seventies but more recent data points to beginnings of recovery. The Wall Street Journal reported in late March from a number of in just resources that about ninety percent of pre virus production in China has been restored and official Chinese government data. That came out on March thirty first reports and outright increase in manufacturing activity for the month of March in what's known as the PM survey. I would take that with several grains of salt but the point is there are early signs that the Chinese economy is already recovering and their covert nineteen active case count so the total cases minus those recovered that peak occurred in mid February. So it's indicative of a pretty quick response time from improvement in the health data to the initial stirrings in the economy. Our final marker is a a really obvious but important point and that is the quicker the insidious health impact of covert nineteen lessons. The quicker economic life can begin to return to normal so the path of the virus from here is critical to all of the other underlying assumptions. That go into a forecast and if you look at the course of Cova nineteen spread in other countries and many of the health models that have been built. It is hoped that the growth rate of confirmed cases slows sometime in April followed by a decline in active cases in May now based on the experts. That seems like a rational expectation but we have to acknowledge that the margin for error is large putting it all together a baseline assumption on the economy. The second quarter will be the biggest quarterly economic decline in. Us Peacetime History. We believe if covert nineteen behaves consistent with most of the epidemiological models it would allow for economic normalization to gradually begin in the third quarter followed by potentially strong recovery. Taking hold in the fourth quarter. And we'll be looking at policy impact developments in Asia in the path of Cova Nineteen to assess whether this outlook is on track. Thank you for your time as always we appreciate your attention and your relationship with our firm for more on this and other topics subscribe to this podcast and visit Wealth Dot U. S. Dot C. DOT COM CIBC private wealth management includes CBC National Trust Company. Cnbc Delaware Trust Company. Cnbc private wealth advisors incorporated all of which are wholly owned subsidiaries of CNBC private group LLC and the Private Wealth Division of CIBC BANK USA. All of these entities are wholly owned subsidiaries of Canadian Imperial Bank of Commerce is podcast is intended for informational purposes. Only and the material presented should not be construed as an offer or recommendation to buy or sell any security concepts expressed our current as of the date of this document only and may change without notice such concepts of the opinions of investment professionals many of whom are chartered financial analyst charter holders or Certified Financial Planner Professionals Certified Financial Planner Board Standards Inc owned certification marks. Cfp certified financial planner and the US. There is no guarantee.

Federal Reserve China Cova Certified Financial Planner Pr Asia Cibc Dave Don Abedian Us chief investment officer Private Wealth Division CNBC private group LLC Cnbc CIBC BANK USA. CBC National Trust Company twenty twenty financial analyst Policy Front
"cibc" Discussed on The CIBC Private Wealth Podcast

The CIBC Private Wealth Podcast

02:13 min | 1 year ago

"cibc" Discussed on The CIBC Private Wealth Podcast

"Printed house. Some are as ordinary looking as a metal box delightful like with the promise of bringing about one of the biggest communication transformations. We've seen in this episode. We discussed three top technology trends. Artificial intelligence the fifth generation wireless network and battery innovation for clean energy to start. Here's senior investment analyst. John Tomorrow from kind of a ten thousand foot view. Technology is now entered into every sector of investing that we look at regardless. If you're looking at something as obvious as technology and healthcare sectors but also and everything from financial to utility sectors you know there. It's it's just part of everyday life now and what technology is being used for across the board board is greater efficiency and and that greater efficiency is leading to positives that maybe somewhere unintended ended for example in agriculture. Now they use drones to help better identify. What's going on with their crops? You know these massive crops crops and instead of just kind of walking through it which could take all day. They've drones can do it in an hour and they might be able to identify certain inefficiencies. And she's had her going on with the crop or you know they have systems now that tell them where the best sean is. And where the best. But the best time is to plant their see when it comes to artificial intelligence there is a broad range of applications and definitions. We spoke with senior investment analyst. Lowering sleep a lot. Let Things at eight I in jail out wasn't over people at scale even the transcription of this call. Here's you know nine or ten. I Hey I Howard commercial services out there that you can log into on your browser and a extent permitted to have this call transcribed. That causes come down. I'm probably five or ten X to a worldwide all by which has made it possible for US troops. He's action income surveillance really high security blazes.

investment analyst sean John Tomorrow US
All Signs Point to Soft US Jobs Report After Run of Weak Data

Bloomberg Daybreak: Europe

02:33 min | 1 year ago

All Signs Point to Soft US Jobs Report After Run of Weak Data

"Okay which one is from above in the studio Bloomberg M. live rates and FX strategist rich intense rigid festival what do you think the jobs data is light what effect do you think it's likely to have because we we pretty much know range we think it's gonna be in but market sentiment seems to be definitely to the gloomy side morning Roger happy Friday not withstanding that gloomy data that we've seen so I think I think the deep the devil being the details for this job support today and and there's a few things I think to look out for average hourly earnings are expected to be weaker than they were last time around on a month to month basis that is not a great sign especially given all of the softer survey data that we see in this week I think the actual survey consensus for the headline change in non farm payrolls is that it will be higher in September than it was in August however after having seen all of the survey data you could think that perhaps the whisper numbers actually lower than the current hundred forty five thousand survey consensus the other thing to look out for I think and this is something that I've picked up on from a former colleague of mine a good friend of group Bloomberg radio Jeremy stretch from CIBC who said to keep an eye on the underemployment rate came in at seven spot two percent in August if it rises again as it did in August and September that'll be the first two consecutive monthly rise since the beginning of last year that's something that the fed won't want to see and be given the softer survey data with that we seen throughout this week those October rate cut bats. solid at the moment yeah I I think that's interesting also because of because we we have we had three days of really quite pool adequacy performance retreats in the US and did you up then a bounce back today so if you know on the so that was good men and then all this on the M. life team this morning that she's kind of bad news being taken is good news it meant to markets yeah I think equities will love the idea that rates are heading lower and and given that it's driven by softer economic data that's kind of a double edged sword I'm I'm not sure that that's necessarily a durable and and and on going reaction or going to see from equities I think if if the if investors are getting really concerned on on the right side about an economic slowdown which which we when we were used to seeing these kind of soft numbers in Europe they're now starting filtering US fifty U. S. is heading for recession I think it'll be very difficult for equities to keep up however the one thing that does look pretty solid is that the US rates market will can continue rallying which means that we will get increasingly lower bond yields even from where we are right now okay Richard

Two Percent Three Days
"cibc" Discussed on The CIBC Private Wealth Podcast

The CIBC Private Wealth Podcast

03:58 min | 1 year ago

"cibc" Discussed on The CIBC Private Wealth Podcast

"This senior will strategist. Becky Milliman agrees and stresses that proper planning can make all the difference traditional health insurance purpose. Many of our clients while <music> employees are often just hard of you know kind of employer group health insurance plan but as our clients retire retire. I think it becomes more relevant because it's another decision point that they need to make whether they're depending upon the age at which they retire if they're medicare eligible or not <hes> there's some planning that is involved in that regard and then as they get older older. I think health care end up like decision or very tie together. In terms of preparing particularly because past clients tryon's agent often they're more healthcare issues and some of the other expenses that complies their cash on me are I changing maybe from travel and more fun things to more just kind of charity giving and and and they're less mobile and they're more focused on police kinds of meats and what can you do to make things easier night. Geno recommendation to people that say <hes> is that they just <hes> appreciate that it's very difficult to comprehend all that goes on in your appointments with a physician because there is a lot discussed. Austin and it's done often quickly your official. Your position is trying to be as efficient as possible and that just having another set of ears listening and helping you to be a more effective listener and to help you prepare for your appointment events like that dynamic. I think is just a really healthy one. Bringing an advocate to your appointment will also allow you to build a better the report with your doctor. The older you get the more you probably want to have someone with you. At all appointments for example of you know my husband just he's had some diagnostic testing done <hes> recently and he's going to see his primary care physician and he and I are talking about just the questions that we want to be sure that he asked when he goes to his next appointment. Am I gonNa go to that appointment with him. Tighter want me to but what we're doing is it's. It's forcing us to discuss it before him. You prepare adequately and isn't it great. If you've got another set of ears they're into our you know another other person listening but not in another person taking note it just it just makes you able to focus more on the relationship building with your doctor and new the US and the interaction most of us have healthcare related concerns and even old fullbacks like Medicare and not a stable anymore but simple steps careful planning preparing for doctors visits by knowing what questions are going to ask and bringing someone to the appointment can help you come away with a clear understanding thing of your situation into what your options are and that's what we all want regardless of age for more on this and other topics check out the latest edition of the adviser at wealthed dot. US DOT CO ABC DOTCOM CIBC Private Wealth Management include CIBC National Trust Company CNBC Delaware Trust Company and CBC Private Wealth Advisors Incorporated all of which are wholly owned subsidiaries of CIBC Private Group LLC and the Private Wealth Division of CNBC Bank. Thank USA. These entities are wholly owned subsidiaries of Canadian Imperial Bank of Commerce. This podcast is intended for informational purposes. Only in the material presented should not be construed as an offer or recommendation to buy or sell any security contents expressed or current as of the date of this publication in May change without notice.

wealthed dot CIBC Private Group LLC Becky Milliman CBC Private Wealth Advisors In Private Wealth Division Canadian Imperial Bank of Comm Private Wealth Management CNBC Bank CIBC National Trust tryon US Austin Medicare CNBC official Delaware Trust Company
"cibc" Discussed on The CIBC Private Wealth Podcast

The CIBC Private Wealth Podcast

06:17 min | 1 year ago

"cibc" Discussed on The CIBC Private Wealth Podcast

"Wealth Management Adviser podcast. It's no secret that politics affect the market from regulation to taxes and trade what happens on Capitol Hill and around the world can have a significant impact on your investments but one political trend. That's been gaining in ground. Both at home and abroad is populism investors. All over are asking what is populism and should we be worried. It's a difficult so complicated topic so we spoke with Matt Gergen geopolitical strategist with BBC research. Populism is is a promise to reassert majority rule. It's usually a majoritarian movement. That's why we use the term populist st the leader identifies with the the people very very outspokenly and then the way that they build on that identification is to criticize marginalized corners elites but also poverty so populism is it's oppositional in its orientation. It's always against something and it's also the systemic it's against the current system or the current political establishment as a whole lumps ruling parties on the left or the right together but it's not only anti foreigner you know an immigrant and it's not only anti elite like elites in the financial world or elites in the academic world but it also is true. The populist tend to be anti-poverty because of course being poor is not very popular either and how do these populist leaders policies tends to affect the overall economy these these leaders they've pursue policies to to Jack up economic growth and in the short term they usually succeed as well so populist movements tend end to lead to short-term market gains but there the downside as well there is data from the populist discourse project at the Central European University which shows that populists generally do get faster nominal. GDP growth in nominal is very important because it's a meaning that they may generate more inflation in the process because they're maintaining loose monetary policies. Maybe they have to pressure the central bank to do that or maybe the central bank is independent in the first place and then they're also probably pursuing loose fiscal policy as well and longer term. The results of populism aren't often as beneficial for investors so the combination is that you do get faster growth but you also probably get higher inflation and over the long run this can create great problems for the economy where it becomes more in plenary less productive but in the short run it gives the sense to the people that there's a mobilization happening wages are going up and growth is going up chief investment officer. Dave Down Abedian median believes that although there is potential for dramatic change when populace politicians are in charge. It doesn't necessarily mean it's going to happen however you still need to be prepared appeared populace tend to be more loud and strident in their in their comments more extreme in their comments you have to separate that from actual ability and willingness to change policy because it's you know it's policy that can come back impact market economies and and market so so the the biggest portfolio application is we have to be more more focused on the macro world geopolitics and the the potential for pop populism to not incrementally change the investment environment but dramatically change the investment environment hasn't happened yet but you definitely have to raise your your sites in focused on on the potential for that and I think the other thing you do is you you start talking talking to companies about what those kinds of policy changes might mean good you know good better indifferent and if this populist trend continues and we hit a recession recession investors may need to rethink their strategy when a recession occurs the dollar can rally but in post recession environment with all those factors in play in with populism not abating then you could see that the US dollar would really drop off dramatically in that then changes the the the way that one would want to be positioned for their portfolio on that longer term timeframe because a weaker dollar is going to tend into favor you know emerging markets they can start to recover and grow faster and the companies will have their debt burden you know the countries will have their debt burdens underneath the US dollar debt burdens east and they'll also have easier ability to dial up their production action of a commodities that are priced in dollars so what can investors expect going forward are populist policies likely to be the new reality in politics first of all they should be looking at populism as an as a deeper structural trend stemming from inequality quality and polarization political polarization and one that affects the US most importantly and so that it's not limited to president trump. I've been in fact we could have a popular Democratic leader in twenty twenty or twenty twenty four be the victor so it's not a trend that dies is with trump for more on this and other topics check out the latest edition of the adviser at wealthed dot. US DOT CO DOT DOT COM CIBC prevot both management include CIBC National Trust Company CNBC Delaware Trust Company and CIBC Private Wealth Advisors Incorporated all of which are wholly owned subsidiaries CIBC Private Wealth Group LLC and a Private Wealth Division of CNBC bench. Say All of these entities are wholly owned subsidiaries of Canadian imperial a Bank of Commerce. This podcast is intended for informational purposes. Only in the material presented should not be construed as an offer or recommendation to buy or sell any security contents expressed current as of the date. This publication may change without notice..

US CIBC Private Wealth Group LLC CIBC Private Wealth Advisors I Bank of Commerce CIBC wealthed dot Matt Gergen chief investment officer Central European University BBC CIBC National Trust CNBC Private Wealth Division Jack Dave president Delaware Trust Company
"cibc" Discussed on The CIBC Private Wealth Podcast

The CIBC Private Wealth Podcast

06:11 min | 2 years ago

"cibc" Discussed on The CIBC Private Wealth Podcast

"To understand the president's mental capacity before becoming involved generally speaking.

president
"cibc" Discussed on The CIBC Private Wealth Podcast

The CIBC Private Wealth Podcast

08:54 min | 2 years ago

"cibc" Discussed on The CIBC Private Wealth Podcast

"That you know china is the number to economy in the world it soon gonna be you know the number one economy in the world in it is certainly growing faster than you as an it's important to remember the as are clients and think about where they're investing for the next five ten fifteen years you know you're you're seeing economic growth you're seeing investment you're seeing delays you have the right demographics band delaney managing director antiquities portfolio manager roger agrees but stresses that people need to understand the differences between china and the you here's one one either lie right so it's a command economy right is governed by if it's if not a democracy and while we liked democracy here in the usa authoritarian governments have certain luxuries that that work well in certain situations right authoritarian government sort of has obvious capital projects to do when they're trying to grow their economy and there were things like road road construction airport construction housing construction hospital construction 'em and so that can drive a lot of activity in has in china is really improved alive of of people there and it was activity that sort of this happened in storage area in government where they get it done so it makes sense that in some instances the government able to make decisions quickly in unilaterally could have a positive effect any economy at least initially but another thing to keep in mind is china's communist government doesn't apply the same policies all over the chinese have big country right and we as americans in westerners talk about it as one giant monolithic bloc but it became very apparent to me in talking all these different companies that there's almost to china's a you know an economy that exists in their special economic zones a these fire zones a largely on the coast that have had preferential treatment from a liberalisation is asian of of marketing perspective where the last twenty years you know those were very distinct economies from what you find in the interior of the country safe in later to develop or not developing from an economic perspective because the governmental system there is still a fully authoritarian versus what you find in special economic zones where the governmental system is more relaxed and more capitalist andy's more capitalistic areas have a disproportionate impact on the country's overall gdp p if you look at the math and just all these little areas where they've liberalize like it's a tiny fraction of the of the country it's a it's a meaningful portion of gdp 'em it's about thirty percent of gdp like it's produced in the special economic zones 'em buddy there rational portions of the country from geographic perspective you know they do grow like listen instead of growth last generally but it's it's a very different mindset when you move out of them which is one of the earliest special economic zones and quite often when you're when you're there it feels like san francisco you know it's just vibrant you know you move out of these areas where you know sort of capitalism is more frowned upon in the party infrastructure really determines in off the castro failure it's it has not been as a sort of a tale of two cities a little bit you know in does it look like there may be less authoritarians control enjoying his future a you don't see it really changed in fact you could argue it's a little bit other direction in recent years when you know a heavy hand of the government even in the special economic zones a by more than one of the chinese trade folks that were at this conference were actually arguing the point that it actually does need to change the rest of the country needs to move along the same path a the special economic zones moved along a quite some time ago and that you know for the continued for the country and continue to maintain high economic growth rates that liberalisation needs to occur in other areas so we'd be authoritarian control directly related to china's recent economic slowdown one of the things that's going on on in china has been self inflicted the country as the the government there is done as slower growth rate intentionally you know over the last ten years is all they want is transitioning economy from sort of an infrastructure infrastructure export lead economy the one that is more consumer oriented a more along the lines of what we have here in the united states and when you create that consumer class you basically create an economy that's more self sustaining less reliance on these big capital projects and less reliant on exports growth 'em and you also you know make alive severe citizenry more a livable better healthcare and better access the consumer goods but the big problem with that transition when he's shift away from infrastructure i mean there's some research out there that a dollar spent on infrastructure has an eight times multiplier on it it builds growth in the economy because you know when you build a brand new gotta buy steel cement it's gonna hire laborers union backhoes you need like this whole chain of inputs they're going to be capital projects like that 'em drive economic growth at a faster rate conversely service economy or a service industry a multiplier effect on one dollars fences about three times nighttime so it doesn't benefit see economy as much as a result you desire just slowing growth with this top down guidance of economic transition for the nation the country's leaders are employing a number of tactics what's important now as we sit here in early twenty nineteen is we've seen the government man be pretty aggressive and starting to stimulate you know we've seen tax cuts we've seen some support for the auto industry reserve requirements be lowered so you know with that in mind you know it's really good growth is slowing last year for multiple factors actors they've they're already moving into reverse one of the main factors that resulted in a slowing economy last year overall china's economic growth remains significant andy routine the unique set of circumstances in scenarios affecting that group but when you compare gdp trends overtime with that of other past emerging economies you see real similarities if you were in a plot gdp per capita and then gdp growth what you would see that china's tracking very closely to the same i'm sort of area path if you put in japan south korea a you know a few others sort of developed asian countries together and you know as a current gdp per capita be economy shouldn't be growing in that sort of sixty eight percent range right where it is growing so i think and and you know as you if you've ever categorizes that gdp growth is gonna slow it's just the natural evolution of it of an emerging economies was developed economy that we've seen over and over you know across the world so ultimately is china rape foreign investment or should we be looking elsewhere seventy five percent of the world's economic activity happens outside the u s china makes up a big portion of that seventy five percent and you think about the things you own your home whether it's you're tv you're hi you're car you know so many of these things are portions of them are are made in china that to ignore that sort of pool of economic activity an innovation is just sort of foolish and you layer on top of that this whole growth rate discussion of you know we can pick already whether it's six five seven nine in china but it's true a heck of a lot better than two and a half i would layer on top of that you know valuations also obviously look quite attractive given how difficult is banning but more importantly than anything i mean i think client this is a big part of of the globe of the global economy is one of the fastest growing parts of the economy and i think it's an area where you know clients are gonna over the of course of the next decade you know wanna have exposure and then this is not gonna be in emerging economy in in five years and the one gonna be the largest economy in the world and but all that being said there are still a ton of a very bad companies badly run you know not run for recognized profit not run shareholders in china and it's just so important that you have portfolio managers who are focused on understanding you know what parts of economy are interesting seen you know what management teams you wanna be teamed up with it and finding finding those stocks to represent you're china exposure.

china seventy five percent five ten fifteen years sixty eight percent thirty percent twenty years one dollars five years ten years
"cibc" Discussed on The CIBC Private Wealth Podcast

The CIBC Private Wealth Podcast

08:15 min | 2 years ago

"cibc" Discussed on The CIBC Private Wealth Podcast

"To the cia feet grab it will management's advisor podcast investors are always watching for changes to the market should use sellers should you buy or many different indicators people watch for any ocean typically isn't one of them but according to retired admiral james stavridis first navy officer chosen a supreme allied commander for global operations at nato what occurs on the waves can tell you a lot about not just potential changes any economy but also so the state of the world itself in he would know the breed of his latest book is seapower the history and geopolitics of the world's oceans he's also an operating executive what the carlisle group here's admiral stavridis starters the oceans covers seventy percent of the earth's surface in fact the pacific ocean is so big that you could take all the land on air and dropping into the pacific ocean end therefore they are first and foremost means of communication tation that connects the world the british you just say the sea is one meaning that there are no barriers in the sea so it's this highway point to is they economics ninety five percent of international trade moves across those oceans in thirdly in the history of mankind again and again we see these critical see battles that occur at a kind of a hinge in history that really changed the course of human in endeavors in so i think it gives you a look at going back twenty five hundred years ago and look at the battle of solomon as a word the greeks save democracy or look at the battle of trafalgar where the british sales off ski imperial french or the battle of midway united states turn the tide in the pacific against the japanese empire again and again you see these historical moments on ocean set really change the course of history so to summarize geography make some important economics the trade making important in military history in security outcomes mickey oceans critically important jamming how event suddenly oceans changed history it could be inciteful but what should investors be looking at concerning world events today china's economy for example has long used to be ocean to project military strength the chinese claim that at the south china sea is a territorial see a which is an extremely difficult claim to make realistically under international law but china claims that entire body of water south china sea which is massive it's the size of the gulf of mexico and the carribean secret together in in order to a track those claims they build these artificial islands and then they say gosh international law we everything is miles from each of these i was so over time you build enough these islands and you keep claiming two hundred miles around each of them any facts looks like a series of lily pads that eventually covered the entire south china sea so that's that's their strategic game show what they want militarily is used to those islands as if you will unsinkable aircraft carriers and put planes you could put long range surface the surface missiles on them and builds sensors on them a day can create this chain of if you will aircraft carriers that could never be sunk throughout the region so if it comes to a fight that would be a tremendous military utility to conflict with china would obviously be bad news and would likely have a severe impact on me economies of both countries and is there anything else to watch out for united states in china could come to conflict in cyberspace 'em in other both nations are competing to build new five g networks to get their first if you will on the creation of true artificial intelligence and machine learning found that you create a great deal of conflict in cyber in that is open to the public in general but a based on my security clearances i can tell you that were already in a kind of shadow war in the cyber world so that's another zone as conflict between the nations so having said all that i am cautiously optimistic that over the course of this century we can work with china we can avoid a conflict avoid falling into what is sometimes called the two cities trap the so called do cities trap is a phrase used to describe the writings of an ancient greek historian who predicted that when rising powers collide with established powers war is likely to ensue i think we can avoid that the city's trap but it'll require careful diplomacy and individuals at goodwill on both sides it'll be a big narrative of the twenty first century you know there's no silver bullet here it's gonna require both nations to a fall off of extreme positions work to negotiating outcome we avoided a war in the cold war that could have destroyed civilization i think we can do the same thing here but it'll require attention in maturity out of both cover what the united states need to do to maintain stability and a positive economic outlook i think if they're four key priorities for the united states broadly speaking in the century they are a international engagement in other words working with our allies improving interagency cooperation in washington enabling more private public cooperation notably in cyberspace in for strategic strategic communications telling her story in in you know are stories a pretty good one liberty freedom of speech freedom of education gender equality racial equality look we we execute those values imperfectly but they are the right values and we should not apologize for them are backed up on them in in order to do that we have to communicate and sometimes people say to me you know lambeau you're right it's a war of ideas out there no it's marketplace of ideas are ideas compete and we have to be smart about how we express them without arrogance without random down somebody's throat we are b m encouraging others to think hard about those values sets in that going back to china is part of the solution with china overtime win taking a look at current events and their longterm implications what advice to be unrelenting number one is keep it in perspective in a good way to do that is is look back a hundred years ago of the world is stumbling out of the first world war thirty million dead cap they have a global pandemics spanish influenza which is in fact forty percent of the world's population with a twenty percent mortality rate for gonna see the rise of authoritarianism under the rubric of fascism in a second world war which will kill sixty million people that's a bad century were not mostly in that place although the great powers have disagreements including u s china we had so many better tools so much more transparency better means of communication a much more prosperity globally poverty is reduced that reduce tension so point one for investors is yes it feels very scary but keep it in perspective point to is in finding investor these indicators i'm gonna watch are first and foremost the u s china relationship in saying that that in the south china sea i think will be eight an indicator of how things are trending for more insight from admiral stavridis and other topics check the latest edition of.

advisor twenty five hundred years ninety five percent seventy percent twenty percent forty percent hundred years five g