Latest news with #JoeDavis
Daily Mail
3 days ago
- Business
- Daily Mail
NFL announcer Greg Olsen makes true feelings on Tom Brady clear after legend stole his Fox Sports job
NFL broadcaster Greg Olsen has revealed his true feelings for Tom Brady after the legend replaced him at Fox's top football color commentator - they're 'very good friends'. The longtime Patriot and Buccaneer replaced the former Panthers tight end to become part of the No 1 pair for the network in the broadcast booth. Olsen was demoted to the No 2 crew by a rookie commentator, with his feelings on the move staying low-key until now. 'I always make sure I'm very clear where my personal aspirations to continue to ascend in this industry and to get back calling those games are completely independent of Tom and I,' Olsen said on 'Pardon My Take'. 'We've hung out, personally. We talk on the phone, we keep in touch, he sent a cool video for my youth football team… we talk about raising teenage daughters, we've gone to play golf together, we hung out at the Bahamas at a little retreat. We've gotten to be very good friends on a very personal level since he's joined Fox.' Olsen still has a desire to be part of a top broadcast duo in the NFL and appears to see every call as an opportunity. Brady signed a 10-year, $375million contract with Fox as he transitioned from field to booth 'There's this idea that there's this personal animosity and competition. There's not,' Olsen continued. 'My relationship with Tom and Fox and Joe Davis and Burkhardt and all my people at Fox couldn't be better.' 'On the other parallel line to that, yes, I want to ascend in the industry, and I'm sure Joe Davis wants to call Super Bowls as well, that doesn't mean he doesn't like Burkhardt. Any motivated guy, you want to be the best at what you do. That is not a knock on the people that are ahead of you.' Brady signed a 10-year, $375million contract with Fox, as the football legend transitioned from the field to the broadcast booth. Last month, Brady was on the receiving end of as major snub from the Emmys, with him not being nominated in the 'Outstanding Personality/Event Analyst' category, while watching Olsen get the nod. Olsen was nominated in the category for the fourth straight year alongside Troy Aikman, longtime Brady rival Peyton Manning, Bill Raftery, and John Smoltz.
Yahoo
5 days ago
- Business
- Yahoo
Vanguard's Latest 10-Year Forecast Pits Global Debt vs. AI
The global economy just ain't what it used to be. Probably. Expanding levels of debt and the emergence of artificial intelligence are two issues that are expected to go head-to-head in world markets over the next decade, according to a new forecast of probabilities from Vanguard. The research found the traditional view on growth — namely, 2% increases to GDP annually combined with a 2% inflation rate — isn't that likely to pan out. Instead, long-standing deficits are expected to pull down spending, while new AI business models could supercharge growth, said Joe Davis, Vanguard's global chief economist. Which scenario actually plays out is anybody's guess. 'I focused 10 years out, but we do this at every horizon,' Davis told Advisor Upside at a bell-ringing event at Nasdaq last week. 'The diagnosis was very eye-opening.' This story was originally published on The Daily Upside. To receive financial advisor news, market insights, and practice management essentials, subscribe to our free Advisor Upside newsletter. The forecast is pointing to two likely outcomes. The first is a deficits-dominated world where long-term, structural debt leads to higher interest rates, lower growth, and poor equity performance. High deficits of about 8% of GDP could push 10-year Treasury yields to as high as 9%, he said. There's more than an 80% chance that yields top 7% if deficits continue to rise. 'I would not want to be alarmist,' Davis said. 'But I also don't want policymakers to be complacent on it, and investors not to think that that's not possible.' We like the second scenario a lot better: an AI-driven productivity boom. While we're still in the early innings, the technology could reshape entire industries and offset those economic headwinds, improve productivity, and support moderate inflation and growth, he said. 'Even though we still have debt issues, we've kicked the can for another 10 years, just like we've done for the past 10.' Other prominent issues Davis cited include: Aging global populations that could become less productive and more costly to governments. A shift toward de-globalization that could impact trade. Geopolitical tensions that could upend supply chains, and much more. Send Help. The equity market is particularly vulnerable in a deficits-dominated scenario meaning financial advisors may want to lay off the growth stocks, especially in tech-heavy sectors. On the other hand, they may consider recommending that clients overweight value stocks and non-U.S. equities. But if AI wins out, Davis recommended buying non-growth stocks as the technology will help everyone increase productivity. 'There's a way you can hedge these risks a little bit better,' Davis said. 'You don't have to be clairvoyant.' The post Vanguard's Latest 10-Year Forecast Pits Global Debt vs. AI appeared first on The Daily Upside. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
6 days ago
- Business
- CNBC
Vanguard's Joe Davis on how AI will transform the economy
Joe Davis, Vanguard global chief economist and global head of the Investment Strategy Group and 'Coming Into View' author, joins 'Squawk Box' to discuss how AI is transforming the economy, how investors can invest in the technology, and more.
Yahoo
25-05-2025
- Business
- Yahoo
Vanguard chief economist explains rising deficits & the effects
Rising bond yields (^TYX, ^TNX, ^FVX) are putting fiscal deficits in the spotlight. Vanguard global chief economist and global head of investment strategy Joe Davis joins Market Domination to break down how structural debt could pressure interest rates and the broader economy. To watch more expert insights and analysis on the latest market action, check out more Wealth here. Do me a favor, Joe. Can you spell out for people who are watching, viewers who are watching who are not as steeped in the arcana of the bond market, why this is so important? Because for years, we have heard, um, concerns raised about these deficits and the potential effects and we haven't really seen those come to fruition. Why might that happen? And what could they be? Sure. Sure. Should I give you three points? You know, one is, for anyone who hears the phrase deficit, that's just a gap between the taxes that a government brings in and then what is its spending on social programs, national defense, and interest costs. A deficit obviously, you're spending more than you bring in. Um, you know, when you're during when during recessions or periods of war, we've seen very high deficit levels and they don't necessarily have any impact on interest rates. You know, they're they're generally viewed as temporary unfortunate events, if it's a war or a recession, but they don't have this permanent effect of the the debt levels growing at an increasing rate. However, if it's what's called what's what economists call structural, which means every year, whether the economy is strong or not, we have, uh, uh, deficits growing. And part of the reason for that is, you know, we have strong commitments from Social Security, Medicare, Medicaid, and we have tax rates that don't fully cover those costs. And so, um, in our framework, uh, that is what can have an impact on interest rates, higher borrowing costs for the for the Treasury to issue debt, and then all the interest rates tied to that, mortgage rates, auto loans and so and so forth again. We're not at alarming levels yet. I don't think we'll be there tomorrow, but we started putting our finger on this dynamic two years ago. And so if we do not see a stabilization in our deficit levels, uh, we could see further upward pressure, uh, on the bond market. And that's precisely the scenario we talk about, uh, in the book released today.
Yahoo
25-05-2025
- Business
- Yahoo
Vanguard chief economist explains rising deficits & the effects
Rising bond yields (^TYX, ^TNX, ^FVX) are putting fiscal deficits in the spotlight. Vanguard global chief economist and global head of investment strategy Joe Davis joins Market Domination to break down how structural debt could pressure interest rates and the broader economy. To watch more expert insights and analysis on the latest market action, check out more Wealth here. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
