The Call by the Global Intelligence Desk

Are We Ready for an Era of Higher Interest Rates?

The world is aging. For our lifetimes, that has meant low interest rates, as limited demand, high savings and a flexible global workforce created favorable conditions for easy money. Our guest today, Manoj Pradhan, founder of Talking Heads Macro, argues that over time, aging will result in something completely different: higher wages for a shrinking workforce, more retirement benefits, more public debt – and higher interest rates to attract enough investors to fund it all. Pradhan says Japan is going through that transition right now. If he is right, it will mean a tougher funding environment for business. Higher rates makes corporate debt more expensive to service, forcing companies to rethink capital allocation, pricing, labor, and supply chains. - The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter. Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/ [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbHFBQjk2NTRXV2dlYlRFckhpRFlqNktDMnlLd3xBQ3Jtc0trblVxb1ZyNnpNU0lmSVZWZWVuNzhCMG5oYXk1MEcySnFSV3dsbXd1RXJIT1FPUWtFZzRUbjJhRHV1aDQyTVBGMF83Z2pvTTNWdFRsV1poNFIxTDVod1dHbTBSZVRCcnRFS0tEMGRCWjJGNmZndWhnZw&q=https%3A%2F%2Fglobalintelligencedesk.com%2F&v=XW27HiAov8E] Join the conversation on LinkedIn:   / global-intelligence-desk   [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa3Y2XzY5NUN6UzQ3VGlwQlMyLWE1bWViSjVBZ3xBQ3Jtc0ttTkgwZEJWWDUybjZXWGtuNWVybHFDckVMM3lHSGtadDQ3bG5kbld6SkZGT2dLQmF2SzRpc09fcWRWa1I2ZjF6aW1pSUg4ZkFkVW55TXZDNi1WR2tJZW5fZEViVFpwcGVpT3BZaWdKSmp3N1dGcTJPUQ&q=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fglobal-intelligence-desk%2F&v=XW27HiAov8E]

Can the U.S. counter China’s state-driven economy?

The rivalry between Washington and Beijing has entered a less predictable phase. Tariffs are no longer simply bargaining tools but structural features of the relationship. Export controls and investment restrictions are accelerating a technological split. China’s industrial overcapacity is forcing governments and companies alike into tough choices over supply chains, market access and national security, and the question becomes how the United States effectively competes with an aggressively state-sponsored economy. After this week’s well-timed conference, Presidents Trump and Xi will meet at a moment when the costs of miscalculation are rising: Can this summit produce guardrails that matter—or will it simply mark the next turn in a more confrontational cycle? And what should business leaders be watching in the days immediately following the meeting? The U.S. Chamber's own Jeremie Waterman joins Jay Sapsford live from the Chamber's own conference on China to discuss these vital issues. - The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter. Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/ [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbHFBQjk2NTRXV2dlYlRFckhpRFlqNktDMnlLd3xBQ3Jtc0trblVxb1ZyNnpNU0lmSVZWZWVuNzhCMG5oYXk1MEcySnFSV3dsbXd1RXJIT1FPUWtFZzRUbjJhRHV1aDQyTVBGMF83Z2pvTTNWdFRsV1poNFIxTDVod1dHbTBSZVRCcnRFS0tEMGRCWjJGNmZndWhnZw&q=https%3A%2F%2Fglobalintelligencedesk.com%2F&v=XW27HiAov8E] Join the conversation on LinkedIn:   / global-intelligence-desk   [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa3Y2XzY5NUN6UzQ3VGlwQlMyLWE1bWViSjVBZ3xBQ3Jtc0ttTkgwZEJWWDUybjZXWGtuNWVybHFDckVMM3lHSGtadDQ3bG5kbld6SkZGT2dLQmF2SzRpc09fcWRWa1I2ZjF6aW1pSUg4ZkFkVW55TXZDNi1WR2tJZW5fZEViVFpwcGVpT3BZaWdKSmp3N1dGcTJPUQ&q=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fglobal-intelligence-desk%2F&v=XW27HiAov8E]

Can the U.S. and China reset?

Washington and Beijing are engaged in a far-reaching rivalry, spanning trade, capital, development finance, and supply chains—ultimately shaping the global economy. For countries and companies alike, the task is increasingly to navigate between these two centers of gravity. As global tensions threaten growth, however, our attention turns to the upcoming U.S.-China summit and whether Presidents Trump and Xi could possibly stabilize ties and reassert some measure of cooperation. Hurdles to such an alignment include the trade dispute, the digital rivalry, the Taiwan question, and the war in Iran.  And yet, the search for common ground will be a recurring theme this year as the U.S. hosts the G20 and the U.S. Chamber hosts the B20 – critical venues for coordinating the world’s bid for growth. So as the advance teams in Beijing prepare the red carpets, we ask David Malpass, renowned economic diplomat: Can the U.S. and China reset? - The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter. Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/ [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbHFBQjk2NTRXV2dlYlRFckhpRFlqNktDMnlLd3xBQ3Jtc0trblVxb1ZyNnpNU0lmSVZWZWVuNzhCMG5oYXk1MEcySnFSV3dsbXd1RXJIT1FPUWtFZzRUbjJhRHV1aDQyTVBGMF83Z2pvTTNWdFRsV1poNFIxTDVod1dHbTBSZVRCcnRFS0tEMGRCWjJGNmZndWhnZw&q=https%3A%2F%2Fglobalintelligencedesk.com%2F&v=XW27HiAov8E] Join the conversation on LinkedIn:   / global-intelligence-desk   [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa3Y2XzY5NUN6UzQ3VGlwQlMyLWE1bWViSjVBZ3xBQ3Jtc0ttTkgwZEJWWDUybjZXWGtuNWVybHFDckVMM3lHSGtadDQ3bG5kbld6SkZGT2dLQmF2SzRpc09fcWRWa1I2ZjF6aW1pSUg4ZkFkVW55TXZDNi1WR2tJZW5fZEViVFpwcGVpT3BZaWdKSmp3N1dGcTJPUQ&q=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fglobal-intelligence-desk%2F&v=XW27HiAov8E]

Should the U.S. Treasury Be an Agency of National Security?

The U.S. Treasury has announced that it will release what it describes as the “financial equivalent,” of a military campaign on Iran, threatening to cut off any bank, company, or country that continues doing business with the U.S. adversary. Warning letters have already landed on the desks of financial institutions across three continents.   The move is an example of ‘economic warfare,’ in which the tools of commerce and trade are used as leverage over those running afoul of U.S. and its allies. For global businesses, this means operating legally under another country’s law is no longer sufficient legal protection.   Our guest Juan Zarate, former Deputy National Security Advisor, spent a decade inside the machine by building the sanctions architecture at OFAC, establishing the Office of Terrorism and Financial Intelligence, and leading the global effort to seize Saddam Hussein’s assets. However, he warns guest host Masha Angelova that this powerful tool of statecraft also provides incentives for U.S. rivals to work outside the system, a movement that is growing.   Raising the question: Should the U.S. Treasury be an agency of national security?  - The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter. Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/ [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbHFBQjk2NTRXV2dlYlRFckhpRFlqNktDMnlLd3xBQ3Jtc0trblVxb1ZyNnpNU0lmSVZWZWVuNzhCMG5oYXk1MEcySnFSV3dsbXd1RXJIT1FPUWtFZzRUbjJhRHV1aDQyTVBGMF83Z2pvTTNWdFRsV1poNFIxTDVod1dHbTBSZVRCcnRFS0tEMGRCWjJGNmZndWhnZw&q=https%3A%2F%2Fglobalintelligencedesk.com%2F&v=XW27HiAov8E] Join the conversation on LinkedIn:   / global-intelligence-desk   [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa3Y2XzY5NUN6UzQ3VGlwQlMyLWE1bWViSjVBZ3xBQ3Jtc0ttTkgwZEJWWDUybjZXWGtuNWVybHFDckVMM3lHSGtadDQ3bG5kbld6SkZGT2dLQmF2SzRpc09fcWRWa1I2ZjF6aW1pSUg4ZkFkVW55TXZDNi1WR2tJZW5fZEViVFpwcGVpT3BZaWdKSmp3N1dGcTJPUQ&q=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fglobal-intelligence-desk%2F&v=XW27HiAov8E]

Are We Ready for a New Age of Cyber Threats?

A new age of cybersecurity threats has arrived. Two weeks ago, the world learned about an unprecedented new AI capability that will change the cyber landscape. Anthropic developed Mythos, a powerful corporate security tool specially designed for coding and enterprise defense. But mindful of possible misuse, the tool was released under code named "Project Glasswing" to a handful of trusted users. That capability may be getting out into the world sooner rather than later. Bloomberg is reporting the powerful new tool has been used by a "private online forum," without authorization. Other media outlets are chasing. Anthropic says it is investigating Are we prepared for this new era? What does this mean for all of us? U.S. Chamber CTO Bill Jewell joins Jay Sapsford for this timely, important discussion, with some advice for how companies can protect against these threats today and in the future. The developments of the past two weeks underscore the risks as these powerful new tools enter the workplace and add urgency to understanding their implications for enterprise security, governance, and responsible adoption. This isn’t just a conversation for this or that silo but has implications across the operation. - The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter. Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/ [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbHFBQjk2NTRXV2dlYlRFckhpRFlqNktDMnlLd3xBQ3Jtc0trblVxb1ZyNnpNU0lmSVZWZWVuNzhCMG5oYXk1MEcySnFSV3dsbXd1RXJIT1FPUWtFZzRUbjJhRHV1aDQyTVBGMF83Z2pvTTNWdFRsV1poNFIxTDVod1dHbTBSZVRCcnRFS0tEMGRCWjJGNmZndWhnZw&q=https%3A%2F%2Fglobalintelligencedesk.com%2F&v=XW27HiAov8E] Join the conversation on LinkedIn:   / global-intelligence-desk   [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa3Y2XzY5NUN6UzQ3VGlwQlMyLWE1bWViSjVBZ3xBQ3Jtc0ttTkgwZEJWWDUybjZXWGtuNWVybHFDckVMM3lHSGtadDQ3bG5kbld6SkZGT2dLQmF2SzRpc09fcWRWa1I2ZjF6aW1pSUg4ZkFkVW55TXZDNi1WR2tJZW5fZEViVFpwcGVpT3BZaWdKSmp3N1dGcTJPUQ&q=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fglobal-intelligence-desk%2F&v=XW27HiAov8E]