As the world of football continually evolves and surprises us, we often find ourselves immersed in stories that traverse beyond the boundaries of the pitch. One such story that recently emerged was that of Pere Guardiola, the younger brother of renowned football manager Pep Guardiola. In a light-hearted and jestful manner, Pere Guardiola revealed that he sometimes teases his brother, suggesting that if Pep ever finds himself bored, he could consider coaching Girona.Saints hope to ride the Rizzi factor back to relevance after their bye week
The following is a transcript of an interview with Aditya Bhave, senior economist at Bank of America, on "Face the Nation with Margaret Brennan" that aired on Dec. 29, 2024. MAJOR GARRETT: We turn now to the economy and what to expect in year 2025. We do so with Bank of America senior economist Aditya Bhave. Aditya, good morning. It's great to see you. I've covered a lot of presidential transitions. There's always an assessment by the outgoing president about what kind of economy he's giving to his successor. That's a political conversation. Objectively, what is the economy the incoming Trump administration is inheriting? ADITYA BHAVE, BANK OF AMERICA SENIOR ECONOMIST: Good morning. Thank you for having me so we think the economy has really solid momentum going into next year. You can look at our internal card data, for example, that shows a nice acceleration in spending going into the holidays. You can also look at the TSA data on airport traffic, and that looks really strong around the holiday period as well. You can also think about things via a wider lens. Start in 2022, that was a year in which GDP grew by only 1%, CPI inflation peaked at 9% and all of the talk back then was stagflation. When, not if, is a recession going to arrive, why are workers quiet quitting? And then you look at what happened over the following two years, right. This was quite unexpected, and in a very pleasant way. 3% GDP growth, inflation coming down, labor productivity moving up. So all positives that leave us optimistic going into next year that we can continue to grow above 2% albeit with somewhat sticky inflation. MAJOR GARRETT: Is there any larger X factor in 2025 than the scale and scope of promised mass deportations of the Trump administration? ADITYA BHAVE: From a market perspective, I think the two biggest issues will actually be fiscal policy and trade policy, and there's a lot of uncertainty around those as well, just as there is around immigration policy. So with fiscal policy, you had this conversation in your last segment, right? The majority for Republicans in the House is very, very narrow. So if they want to extend the Tax Cuts and Jobs Act, they want to do more fiscal stimulus, which we think will probably eventually get done, they have a very slim margin to work with. And then with trade policy, we really need to understand, you know, how much of the tariffs that President-elect Trump has threatened are actually going to be implemented versus how much is a negotiating tool, right. So how much is transactional. MAJOR GARRETT: And for mass deportations, how much do you fear that could affect the labor market in our country? That is to say, put upward pressure on prices, because if there is mass deportations and workplace inspections, lots of workers in agriculture, construction, meat processing and other vital industries could be pulled out of those sectors. ADITYA BHAVE: So I think it's our best case is that there will be a slowdown in the flow of immigrants, right? It's harder to know what will actually happen around deportations. From an economic perspective, a worker is also a consumer, so there are some downside risks to economic activity. If there's a large change in the population right, that's just math. In terms of pressures in specific sectors, it's really going to depend on how things play out. Yes, there could be labor shortages in certain sectors, but it's very hard to know at this stage. MAJOR GARRETT: Many CEOs I listen to say that they expect the tariffs and regulatory relief to kind of wash themselves out, meaning, essentially, you put them together, it's benign on the US economy. Is that your perspective? ADITYA BHAVE: I think that's about right. If you look at the four key policy issues that we've been focused on, as I said earlier, trade, fiscal policy, immigration policy and deregulation, we think they'll roughly wash out. But again, the starting point is pretty helpful, right? So we think that we can continue to grow at around two to two and a half percent this the coming year, as well as in 2026. MAJOR GARRETT: So in reading year end summaries, the Economist, the Wall Street Journal and The Washington Post, all in their own way, warned that the stock market may be overvalued, may be too exuberant. Do you share any of those concerns? ADITYA BHAVE: I'm not an equity analyst, so it's hard for me to say, to give a specific number, our equity strategists do think that stocks can continue to run up to around 66-6700 by the end of this year. What you can say is that obviously there's been a pretty aggressive run up in- in tech stocks, but it is not of the same scale that we saw in the late 90s. If we're really worried about a similar bubble. MAJOR GARRETT: What effect do you believe cryptocurrencies and artificial intelligence will play in the global economy 2025? ADITYA BHAVE: So when it comes to AI, I think there's two things to be said. The actual impact of AI adoption is probably going to show up pretty slowly in the data. So I don't know that we'll necessarily see that in 2025 or 2026, it might be a story for a few years down the line. But what has been really impactful already, and probably will be much more impactful in the coming years, is just laying the groundwork for AI, right? So if you see the increases in investment in data centers, and you think about what all that requires, right? It requires materials. It requires energy supply– MAJOR GARRETT: –Right we need to, pardon me– ADITYA BHAVE: –it requires labor, sure. MAJOR GARRETT: I'm sorry to cut you off. We have a hard break we need to get to. Aditya Bhave from Bank of America, Happy New Year, and thank you so much for being with us. We'll be right back in just a moment.
In a new Daily Dose of Social Media , we review the best moments of the day from ATP and WTA stars. Aryna Sabalenka is just hours away from her debut at the Brisbane International and shared a fun video with her coach Anton Dubrov responding to the ‘we listen and we don’t judge’ trend. On the other hand, Rafael Nadal posted pictures from his family vacation. Ash Barty received a notable ovation from the crowd in Brisbane on her return to the courts alongside remarkable figures. At the same time, Team Canada and Team Poland answered fun interviews at the United Cup . Sabalenka shares hilarious “We listen and we don’t judge” video Aryna Sabalenka recorded a hilarious video titled “We listen and we don’t judge” with her coach Anton Dubrov. Dubrov served as the world No. 1’s hitting partner for several years before becoming her primary coach in 2020. The 3-time Grand Slam champion is set to debut on Monday at the Brisbane International but found time to join the entertaining trend, where both share "truths" the other shouldn’t get upset about. “Ok guys, I’m trying to stay in shape and, you know, like eating healthy, and meanwhile my team is getting bigger and bigger and bigger,” Sabalenka said laughing, while patting her coach’s stomach. “And it really annoys me,” she added. “When you’re on court and screaming at us in the box, we want to tell you something—really good words—back. But we don’t. We listen, but we don’t judge,” Dubrov responded, smiling as Sabalenka laughed. “One week when we were practicing and you were so frustrated on the court, I said I was sick and skipped one practice. We listen and we don’t judge,” Dubrov quipped with a faint smile. You can watch the funny exchange and their full responses below. Una publicación compartida de Women’s Tennis Association (@wta) Nadal enjoys family time in Mallorca Rafael Nadal is enjoying family time a month after his retirement. The 22-time Grand Slam champion spent the holiday season in Mallorca, Spain, taking a dip in the sea, as shared in photos on Instagram. He was accompanied by his wife Maria Francisca Perelló, his son Rafael, his parents, sister, uncles, and cousins. “Time to be with family,” wrote the former world no. 1. The Spaniard recently attended the ATP Finals as a tennis ambassador in Saudi Arabia. “Everywhere you look in Saudi Arabia, you can see growth and progress, and I’m excited to be part of that,” said the 14-time Roland Garros champion. “I continue to play tennis as I love the game. But beyond playing, I want to help the sport grow far and wide across the world, and in Saudi, there is real potential.” Una publicación compartida de Rafa Nadal (@rafaelnadal) Team Canada agrees: Leylah Fernandez brings the spirit Leylah Fernandez and Felix Auger-Aliassime were the stars of Team Canada’s Q&A session at the United Cup. The WTA world No. 31 and ATP world No. 29 are leading their nation in the mixed-team tournament, still awaiting confirmation of their qualification after defeating Croatia [2-1] and losing to the United States [1-2]. The team shared a fun moment the day before their debut, posted on the tournament’s social media. They were asked, “Who is the happiest person on the team?” prompting a unanimous response from the group. “I know my answer,” Felix Auger-Aliassime said quickly, as teammate Benjamin Sigouin pointed to Leylah Fernandez. “I think we all agreed; I think it’s unanimous,” added Auger-Aliassime. “I think we all agree she’s been such a good spirit in any team competition.” “You are making me cry right now, don’t do that,” Fernandez replied. In the video the players had to answer from 'how they ideal party look like' to their “celebrity crush”. Check out the answers that got the Canadian team laughing. Una publicación compartida de United Cup (@unitedcuptennis) Ash Barty delights Australian fans in charity match Ashleigh Barty , undoubtedly one of the most celebrated figures in Australian tennis, continues to captivate fans in her public appearances following her 2022 retirement. This time, she returned to the court at the Brisbane International's fun day, delighting the home crowd. The 3-time Grand Slam champion, who recently announced her second pregnancy, teamed up with Pat Rafter, Frances Tiafoe , and Ons Jabeur for an exhibition match at the Pat Rafter Arena. The event aimed to raise funds for the Ash Barty Foundation. Later, the former world no. 1 shared highlights from the event on social media, where she could also be seen signing autographs and taking photos with fans. “Do what you love with great people Amazing to be back out on PRA with Pat, Ons and Frances. Can’t thank them enough for an awesome morning bringing awareness to the @ashbartyfoundation ,” she posted. “We are so grateful for any and all donations! We can’t wait to have fun and create more opportunities for young Aussies in 2025!” Una publicación compartida de Brisbane International (@brisbaneinternational) Una publicación compartida de Ash Barty (@ashbarty) No shocker that Ash Barty comes out with Tiafoe and takes a hit-and-giggle set v Jabeur and Rafter. I mean she's still got it. Here she is (with a VERY fogged-up camera lens because of the heat) signing afterwards. pic.twitter.com/tJp3JB6CYX Hubert Hurkacz laughs at himself: "I have no skills" Hubert Hurkacz responded to an interview during the United Cup, where he was asked about his skills off the court. However, the Polish player shyly admitted he didn’t excel in any of the suggested categories. “Are you a good singer in the shower? Good dancer?” he was asked during the Q&A session. “Mmm... no, no,” Hurkacz replied to each question. “I have no skills,” he added with a smile. Team Poland is gearing up for its debut this Monday, with world no. 2 Iga Swiatek set to face Norway's Malene Helgo (ranked no. X) in the opening match. Hubert Hurkacz will follow, taking on Casper Ruud (no. 6). This debut is highly anticipated for Hurkacz, who looks to regain form after a drop in the rankings in 2024 and his recent partnership with the coaching duo of Ivan Lendl and Nicolas Massu. Una publicación compartida de ATP Tour (@atptour) Naomi Osaka and Amanda Anisimova train together ahead of ASB Classic Former world No. 1 Naomi Osaka trained today alongside former No. 21 Amanda Anisimova . Both players are in Auckland, preparing for their debut at the ASB Classic after a 2024 season in which they both made comebacks following long breaks. Osaka missed a significant part of 2022 and all of 2023 due to maternity, while Anisimova took a break in 2023 due to mental health issues. In 2024, both players returned with low rankings but have managed to regain ground, with Osaka climbing back to No. 58 and Anisimova reaching No. 36. Brisbane will be a great start to assess the level of two talented players who certainly have more potential to climb much higher in the rankings. In the video shared on social media, the two are seen hitting balls, with Osaka's coach, Patrick Mouratoglou observing. Naomi Osaka and Amanda Anisimova practicing together in Auckland. Two of the cleanest ballstrikers in the game. pic.twitter.com/cKp9HSjyqM This article first appeared on TennisUpToDate.com and was syndicated with permission.
In a shocking development that has sent shockwaves through the financial and academic communities, the suspect in the shooting of American insurance CEO Mark Johnson is believed to have possibly used 3D-printed guns. Adding to the intrigue of the case is the revelation that the alleged shooter is a high-profile graduate of a prestigious university, raising questions about the intersection of technology, education, and crime.India’s mobile payments dilemmaJudge: No prison in Uhuru-Russian conspiracy case; ‘This was political speech’
The following is a transcript of an interview with Aditya Bhave, senior economist at Bank of America, on "Face the Nation with Margaret Brennan" that aired on Dec. 29, 2024. MAJOR GARRETT: We turn now to the economy and what to expect in year 2025. We do so with Bank of America senior economist Aditya Bhave. Aditya, good morning. It's great to see you. I've covered a lot of presidential transitions. There's always an assessment by the outgoing president about what kind of economy he's giving to his successor. That's a political conversation. Objectively, what is the economy the incoming Trump administration is inheriting? ADITYA BHAVE, BANK OF AMERICA SENIOR ECONOMIST: Good morning. Thank you for having me so we think the economy has really solid momentum going into next year. You can look at our internal card data, for example, that shows a nice acceleration in spending going into the holidays. You can also look at the TSA data on airport traffic, and that looks really strong around the holiday period as well. You can also think about things via a wider lens. Start in 2022, that was a year in which GDP grew by only 1%, CPI inflation peaked at 9% and all of the talk back then was stagflation. When, not if, is a recession going to arrive, why are workers quiet quitting? And then you look at what happened over the following two years, right. This was quite unexpected, and in a very pleasant way. 3% GDP growth, inflation coming down, labor productivity moving up. So all positives that leave us optimistic going into next year that we can continue to grow above 2% albeit with somewhat sticky inflation. MAJOR GARRETT: Is there any larger X factor in 2025 than the scale and scope of promised mass deportations of the Trump administration? ADITYA BHAVE: From a market perspective, I think the two biggest issues will actually be fiscal policy and trade policy, and there's a lot of uncertainty around those as well, just as there is around immigration policy. So with fiscal policy, you had this conversation in your last segment, right? The majority for Republicans in the House is very, very narrow. So if they want to extend the Tax Cuts and Jobs Act, they want to do more fiscal stimulus, which we think will probably eventually get done, they have a very slim margin to work with. And then with trade policy, we really need to understand, you know, how much of the tariffs that President-elect Trump has threatened are actually going to be implemented versus how much is a negotiating tool, right. So how much is transactional. MAJOR GARRETT: And for mass deportations, how much do you fear that could affect the labor market in our country? That is to say, put upward pressure on prices, because if there is mass deportations and workplace inspections, lots of workers in agriculture, construction, meat processing and other vital industries could be pulled out of those sectors. ADITYA BHAVE: So I think it's our best case is that there will be a slowdown in the flow of immigrants, right? It's harder to know what will actually happen around deportations. From an economic perspective, a worker is also a consumer, so there are some downside risks to economic activity. If there's a large change in the population right, that's just math. In terms of pressures in specific sectors, it's really going to depend on how things play out. Yes, there could be labor shortages in certain sectors, but it's very hard to know at this stage. MAJOR GARRETT: Many CEOs I listen to say that they expect the tariffs and regulatory relief to kind of wash themselves out, meaning, essentially, you put them together, it's benign on the US economy. Is that your perspective? ADITYA BHAVE: I think that's about right. If you look at the four key policy issues that we've been focused on, as I said earlier, trade, fiscal policy, immigration policy and deregulation, we think they'll roughly wash out. But again, the starting point is pretty helpful, right? So we think that we can continue to grow at around two to two and a half percent this the coming year, as well as in 2026. MAJOR GARRETT: So in reading year end summaries, the Economist, the Wall Street Journal and The Washington Post, all in their own way, warned that the stock market may be overvalued, may be too exuberant. Do you share any of those concerns? ADITYA BHAVE: I'm not an equity analyst, so it's hard for me to say, to give a specific number, our equity strategists do think that stocks can continue to run up to around 66-6700 by the end of this year. What you can say is that obviously there's been a pretty aggressive run up in- in tech stocks, but it is not of the same scale that we saw in the late 90s. If we're really worried about a similar bubble. MAJOR GARRETT: What effect do you believe cryptocurrencies and artificial intelligence will play in the global economy 2025? ADITYA BHAVE: So when it comes to AI, I think there's two things to be said. The actual impact of AI adoption is probably going to show up pretty slowly in the data. So I don't know that we'll necessarily see that in 2025 or 2026, it might be a story for a few years down the line. But what has been really impactful already, and probably will be much more impactful in the coming years, is just laying the groundwork for AI, right? So if you see the increases in investment in data centers, and you think about what all that requires, right? It requires materials. It requires energy supply– MAJOR GARRETT: –Right we need to, pardon me– ADITYA BHAVE: –it requires labor, sure. MAJOR GARRETT: I'm sorry to cut you off. We have a hard break we need to get to. Aditya Bhave from Bank of America, Happy New Year, and thank you so much for being with us. We'll be right back in just a moment.