The Emerging Leaders' Guide to Thriving at Industry Events jhammond@desti… Tue, 11/05/2024 - 21:09

Justin had the news from the People's Bank of China here:

• PBOC governor will maintain yuan exchange rate at a reasonable, balanced level

PBOC governor Pan Gongsheng emphasized the Bank will not let the yuan plummet without a fight:

• Will step up countercyclical adjustment
• Should resolutely guard against the risk of exchange rate overshoot

With the surging USD after Trump's win the yuan is just one of many weaker currencies:

• The pace of the moves depends on the data
• We are data dependent but not data point dependent
• Growth outlook has deteriorated due to manufacturing sector
• If disinflation stays on track, it would make a case for further rate cuts
• We could be leaving restrictive territory in the spring of 2025
• The last thing we need now is yet another trade war
• Tariffs impact will be medium-to-long term
• Protectionism by definition is inflationary

The remarks are as you would expect from the ECB at this current stage. But they are already starting to recognise the potential impact of Trump tariffs and that's a warning signal to the outlook for next year I guess.

• Euro area growth is projected to be sluggish
• Sees downside risks to growth
• Waiting on December projections for a better picture of where we stand

So far, he's not saying anything to jolt market pricing. And that's the other main consideration for any of their communications before making policy decisions. As such, a 25 bps rate cut in December remains the likeliest option at this stage. EUR/USD remains down 0.2% on the day at 1.0626 currently.

• It is just a question of how far and how fast
• Rate cut last week does not mean that the job is done
• Labour market data today show pay growth still at high levels
• There is still some work to be done on underlying domestic inflation pressures

All that being said, Pill argues that there has been "substantial" disinflation in the UK already. To summarise, it just means that they are not necessarily going to cut rates at every coming meeting. However, they are making it clear that they do have the option to do so if need be.

Fed's Waller is speaking but makes no comment on monetary or economic policy in his prepared remarks.

He does say:

• private sector best suited to innovate on payment systems
• Fed ready to support private innovation, mindful of financial stability.
• Government should have clear objective when providing financial services.
• There are times when government can address market inefficiencies
• Still does not see case for Fed digital dollar

Perhaps he will comment on monetary policy/the economy in a Q&A later.

Looking ahead at

• 10:15 AM ET, Richmond and President Barkin is speaking (he speaks at 5:30 PM ET as well).
• 2 PM, Minneapolis Fed Pres. Kashkari speaking and at
• 5 PM Philadelphia Fed Pres. Harker is scheduled to speak

Richmond Fed Pres. parking is speaking and says:

• Fed is in position to respond appropriately regardless of how economy involves.
• US economy looks pretty good
• Labor market is resilient.
• From here, labor market mighty be fine or may continue to weaken.
• Inflation might be coming under control or might risk getting stuck above Fed 2% target.
• Feds focus may turn to upside inflation risks or to downside employment risks, depending on how economy develops.

The market is pricing a 65% chance of a 25 basis point cut in December. That is down over the last week or so (it was in the high 70%s last week).

US yields are higher but off their highest levels:

• 2-year 4.314%, +6.1 basis points
• 5-year 4.269%, +7.6 basis points
• 10-year 4.370%, +6.3 basis points
• 30 year 4.516%, +3.7 basis points

Comments from the Minneapolis Fed President in conversation with Yahoo Finance.

• Contacts are optimistic
• We have to wait and see what the new government policies are, we will have to wait and see
• A one-time tariff increase in transitory but it can become tit-for-tat, right now we're all just guessing
• Immigration could have a big effect but we will have to see what will happen
• New lease inflation takes a couple years to work its way through
• We have good confidence that the housing piece of inflation will get to normal levels, though it may take a year or two
• The labor market has been surprisingly resilient, it's a good labor market
• The economy looks like it's in a strong position
• If we saw inflation surprise to the upside between now and December, that might give us pause
• Probably not enough time for jobs to surprise on the upside
• Productivity looks like it's been stronger, which could mean a higher neutral rate
• If so, we may not cut as much
• We all agree that we're above neutral now
• The rise in long-term yields doesn't look like it's about long-term inflation expectations
• I think we're modestly restrictive right now. I thought we were putting two feet on the brakes but in hindsight we were only putting one foot on the brake
• My judgement is that we still have a long ways to go in shrinking the balance sheet
• Ultimately the economy will guide us in terms of how far we need to cut rates

Kashkari is candid and is oftentimes dovish but he sounded less like someone who wants to keep on cutting. His comment about one foot on the brakes was helpful in illustrating how he sees the economy and rates. The interesting discussion is about neutral right now and how close the Fed wants to go. He also touched on a longer timeline to get inflation all the way back to 2% and that should keep the Fed in the high 3s assuming no sharp slowdown in the economy. Of course, the Fed curve is also pricing 3.80% as the terminal rate.

The New York Federal Reserve branch's Roberto Perli is manager of the Fed’s System Open Market Account (SOMA).

• Recent quarter-end money market volatility not historically large.
• Still strong evidence reserve levels remain abundant.
• No imminent signs of issues for Fed to implement monetary policy.
• Recent quarter-end pressure was contained.
• Slow rise in repo rates has been orderly.
• Standing repo facility stands ready to provide liquidity.
• Notes there’s been more friction in money markets lately.

---

The Federal Reserve’s System Open Market Account (SOMA) is the central portfolio used by the Federal Reserve to conduct monetary policy. It holds the securities that the Fed buys and sells through open market operations, primarily U.S. Treasury securities, agency debt, and mortgage-backed securities. SOMA is a key tool for influencing short-term interest rates and managing the money supply. By adjusting the size and composition of this portfolio, the Fed can influence liquidity, credit conditions, and the overall stance of monetary policy in the economy.

In addition to domestic assets, SOMA also holds foreign currency assets, allowing the Fed to participate in foreign exchange markets when necessary. The New York Federal Reserve Bank manages SOMA on behalf of the entire Federal Reserve System.

Deutsche Bank has revised its forecast for the European Central Bank’s (ECB) terminal rate, lowering its central-case projection from 2.25% to 1.50%. The bank now anticipates the ECB’s policy rate will dip slightly below the neutral rate by the end of 2025, rather than returning to neutral by mid-year as previously expected.

This shift in outlook is driven by several factors, including the potential for new tariffs from a Trump administration, which would likely impact trade, along with weaker macroeconomic performance in Europe and the increasing risk of inflation falling below target.

According to Deutsche Bank, the uncertainty surrounding these dynamics is considerable, especially given the unclear timing and effects of U.S. tariffs and potential European responses. Reflecting this uncertainty, the bank has outlined a broad target range of 1.00% to 1.75% for the ECB’s terminal rate.

Deutsche Bank notes that the terminal rate’s trajectory and ultimate level will depend on key influences such as:

1. European fiscal policy,
2. the economic health of Germany,
3. developments in China,
4. and fluctuations in oil prices.

The bank further suggests that the global economy may be entering a new phase, with Europe potentially experiencing increasingly divergent economic conditions compared to the U.S.

Justin had the news from the People's Bank of China here on Monday:

• PBOC governor will maintain yuan exchange rate at a reasonable, balanced level

The PBOC governor Pan Gongsheng emphasized that the Bank will not let the yuan plummet without a fight:

• Will step up countercyclical adjustment
• Should resolutely guard against the risk of exchange rate overshoot

Today is an example of the Bank pushing back on yuan weakness, with the reference rate set 300+ points stronger for the CNY than was expected (in the Reuters model).

Offshore yuan has jumped (lower USD/CNH as shown in the chart below):

The election is going to dominate early November trading so making moves based on seasonals is unwise. That said, it's useful to keep them in mind as the dust settles.

• November is the best month for USD/JPY
• Best month for the Nasdaq
• Third-best month for the US dollar
• The November through February is strong for gold
• Second-best month for the S&P 500
• Second-best month for the MSCI world index
• Second-best month for the German DAX
• Best month for the Nikkei 225
• The final month of the seasonal slump for oil. Seasonals neutral in Dec-Jan then strongly positve from Feb-June

Going into last November, the S&P 500 had declined for three straight months but that month marked a turning point as it recouped nearly all the gains in what was the beginning of a five-month rally. This time, we're coming into the month with better momentum, though October was negative for stocks.

More records are reached today:

• Dow industrial average closes over 44,000 for the first time ever
• S&P index closes above the 6000 level the first time ever
• NASDAQ index closes at a new record level as well

For the Russell 2000 it lasts record close was back on November 8, 2021 at 2442.21. The index closed at 2434.97 after reaching an intraday high of 2441.72 just short of the record closing level.

The final numbers are showing:

• Dow industrial average +304.14 points or 0.69% at 44293.13
• S&P index up 5.81 points or 0.10% at 6001.35
• NASDAQ index is up 11.99 points or 0.06% at 19298.76
• Russell 2000 up 35.33 points or 1.47% at 2434.97

For the Russell 2000, its high intraday level reached 2458.85 on November 10, 2021. For the year, the Russell 2000 is now up 20.12%. That has now surpassed a down industrial average gain of 17.52%.

The S&P index is now up 25.82% in 2024 while the NASDAQ index is up 28.56%.

The USDJPY is extending to a new session high after testing is 61.8% retracement earlier in the day at 153.397 and finding willing buyers.

The market to the upside has now taken the price to a high of 154.75. That has extended above the high price from last week at 154.704. The buyers are making a play.

The swing high going back to July 30 came in at 155.21, and that becomes the next key target on the topside for the pair.

BofA suggests staying short on CHF, particularly against USD and GBP, as post-election volatility subsides and G10 rate repricing supports a weaker CHF. While political risks may pose a minor obstacle, BofA sees CHF depreciation as likely due to policy divergence, with recent fiscal stimulus in the UK reinforcing the case for long GBP/CHF.

Key Points:

• CHF Weakness Expected: Following the US election, BofA expects normalization in volatility and G10 rate adjustments, which support a weaker CHF heading into year-end.

• Policy Divergence and SNB Cuts: CHF depreciation has been driven by Swiss policy moves, including an SNB rate cut, and ongoing yield compression. Increased Swiss inflation has also pressured CHF.

• Positioning in USD/CHF and GBP/CHF: BofA favors short CHF positions in USD/CHF and recently opened a long GBP/CHF position via a three-month ratio call spread, driven by UK fiscal stimulus enhancing policy divergence.

• Risk Management Considerations: While CHF shorts are promising, BofA advises a cautious approach due to potential political uncertainties that could affect CHF.

Conclusion:

BofA recommends holding short CHF positions in USD/CHF and GBP/CHF, as volatility recedes and policy divergence favors a weaker CHF. Though political noise may cause short-term volatility, BofA sees CHF depreciation persisting into year-end, with UK fiscal moves strengthening the case for GBP/CHF.

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The Chinese market and related global-growth proxies got excited about potential fiscal stimulus in October. After a flurry of buying, there has been some consolidation as we waited for the details.

Those details came on Friday and just before that, the market tried to break higher in a front-run of potentially larger stimulus. Beijing didn't deliver and the market was slow to digest that at first.

Today though, it looks like disappointment is setting in as the MCHI ETF falls into the October gap. The threat of tariffs combined with lackluster domestic growth make for a bad combination. Given how late the market was to pile into this theme, there are going to be many people underwater very quickly.

Barclays has issued a note suggesting that the re-election of Trump is unlikely to significantly impact oil market fundamentals in the near term.

The bank believes that current market dynamics are relatively stable and does not foresee major shifts tied to potential changes in U.S. leadership.

Barclays is recommending a long position on December 2025 Brent call spreads. The bank notes that volatility has recently decreased, and it perceives market sentiment as overly focused on downside risks, or the "left tail." In contrast, Barclays believes the risks are more balanced, especially in light of recent improvements in oil market fundamentals and the possibility of a more confrontational geopolitical landscape.

SP Negócios, São Paulo’s investment and export promotion agency, has partnered with Polkadot to foster innovation among companies in São Paulo.

Driven by the growing market demand, Polkadot is increasingly positioning itself as an ally for businesses looking to grow in an innovative, secure, and transparent way. It has been sponsoring educational initiatives through Código Brazuca. Thanks to this, companies and citizens in São Paulo will have access to blockchain programming training through Código Brazuca's content starting in December. This will be possible through the partnership established with Polkadot / Sunset Labs and São Paulo’s investment and export promotion agency, SP Negócios.

“The partnership between Polkadot and SP Negócios will contribute to the training of Blockchain Programmers and is open to bringing technology to companies in São Paulo, whether they are startups, small and medium-sized enterprises, or large corporations seeking to invest in or adopt the technology,” says Gustavo J. Massena, Decentralized Business Developer at Polkadot.

The program is free and will be available online, open to companies in São Paulo. Registrations will soon be available through SP Negócios, and no prior qualifications are required.

The partnership with Polkadot is part of SP Negócios’s strategy to boost the business environment within the crypto economy sector, reinforcing São Paulo as a hub of technology and innovation. Blockchain plays a transformative role in various areas, including decentralized finance, asset tokenization, NFTs, and more. By promoting the training of qualified professionals, SP Negócios seeks to attract investments, foster new startups, and solidify the city as a reference in adopting and developing blockchain-based solutions.

About SP Negócios

SP Negócios (https://spnegocios.com/) is an autonomous social service aimed at boosting investments and business in São Paulo. It is linked to the Municipal Secretariat of Economic Development and Employment. The goal is to help São Paulo-based companies conduct more business through exports, innovation and technology, public sector engagement, and improvement of the business environment.

About Polkadot

Polkadot is an open-source, multichain sharing protocol that facilitates the transfer of any type of data or asset, not just tokens, between networks, making a wide range of blockchains interoperable.

In brief from WPAC's note:

• September quarter Wage Price Index below the RBA’s expectation which pointed to a 0.9%qtr rise in both the September and December quarters of 2024
• Wage inflation peaked at 4.3%yr in December 2023 and has been drifting lower through 2024
• Wage Price Index (WPI) rose 0.8% (3.5%yr) ... The RBA is currently forecasting annual wages growth to print 3.4%yr for end 2024 and hold at that rate through to June 2025.

***

The WPI should easily come in under that RBA forecast by end 2024. While some will point to slowing wages as a reason to cut rates the RBA is in no hurry, still war of elevated demand and inflation likely to pop back above the top of the 2 - 3% target band once government cost of living subsidies roll off.

Japan's Seven & i Holdings is considering a management buyout to take itself private with funding from banks, Itochu Corp. and the founding Ito family in a transaction that could be worth US$58 billion

"People with knowledge of the matter" cited in the reports via Nikkei and Bloomberg.

The Japanese owner of 7-Eleven is considering going private by buying back its own shares in a bid to avoid a takeover attempt by Canadian rival Alimentation Couche-Tard, the news report says.

Later today, Wednesday, 13 November, we get the US consumer inflation data for October 2024

• due at 1330 GMT, which is 0830 US Eastern time

Previews posted already:

• US CPI to be released tomorrow at 8:30 AM. Expectations are for 0.2% MoM

• US CPI data due Wednesday - possible upside surprise.
• US inflation data this week expected to show core CPI moving sideways - risk ahead higher

OK, what to expect. This snapshot from the ForexLive economic data calendar, access it here.

Taking a look at the range of expectations compared to the median consensus (the 'expected' in the screenshot above) for the key data points:

CPI Headline y/y, expected 2.6% with the range showing:

• 2.3% - 2.7%

CPI Headline m/m expected 0.2% with the range showing:

• 0.1 to 0.3%

CPI excluding food and energy (the core rate of inflation) y/y expected 3.3% with the range showing:

• 3.2 - 3.4%

CPI excluding food and energy (the core rate of inflation) m/m expected 0.3% with the range showing:

• 0.2 to 0.4%

***

Why is knowledge of such ranges important?

Data results that fall outside of market low and high expectations tend to move markets more significantly for several reasons:

• Surprise Factor: Markets often price in expectations based on forecasts and previous trends. When data significantly deviates from these expectations, it creates a surprise effect. This can lead to rapid revaluation of assets as investors and traders reassess their positions based on the new information.

• Psychological Impact: Investors and traders are influenced by psychological factors. Extreme data points can evoke strong emotional reactions, leading to overreactions in the market. This can amplify market movements, especially in the short term.

• Risk Reassessment: Unexpected data can lead to a reassessment of risk. If data significantly underperforms or outperforms expectations, it can change the perceived risk of certain investments. For instance, better-than-expected economic data may reduce the perceived risk of investing in equities, leading to a market rally.

• Triggering of Automated Trading: In today’s markets, a significant portion of trading is done by algorithms. These automated systems often have pre-set conditions or thresholds that, when triggered by unexpected data, can lead to large-scale buying or selling.

• Impact on Monetary and Fiscal Policies: Data that is significantly off from expectations can influence the policies of central banks and governments. For example, in the case of the inflation data due today, weaker than expected will fuel speculation of nearer and larger Federal Open Market Committee (FOMC) rate cuts. A stronger (i.e. higher) CPI report will diminish such expectations. the December meeting is in focus right now.

• Liquidity and Market Depth: In some cases, extreme data points can affect market liquidity. If the data is unexpected enough, it might lead to a temporary imbalance in buyers and sellers, causing larger market moves until a new equilibrium is found.

• Chain Reactions and Correlations: Financial markets are interconnected. A significant move in one market or asset class due to unexpected data can lead to correlated moves in other markets, amplifying the overall market impact.

European trading will be a bit of a snoozer as such with a lack of headlines. But perhaps we might get some interesting market moves to talk about in the run up to the US CPI report. USD/JPY is now inching just above 155.00 for the first time since end July while EUR/USD is looking heavy near the April low of 1.0601. Those will be two of the more interesting charts in play currently.

Elsewhere, US futures are pointing lower with gold back up slightly just above $2,600 and Bitcoin is down to below $87,000 after briefly brushing up against the $90,000 mark overnight. So, there are some mixed moves in there for the time being.

In terms of data releases, there's just the US MBA mortgage applications at 1200 GMT. With rates having shot higher post-election, that is likely to keep sentiment in a more dour spot after last week's report here.

As for euro area releases, there's nothing on the agenda for today.

• Expects inflation to moderate in France
• Expects French unemployment rate to go up to around 8% before falling back

He is speaking somewhat in his capacity as Bank of France governor here. And the remarks aren't anything that stand out. As things stand, traders have fully priced in a rate cut for December. The odds of a 25 bps move are at ~68% with the remainder tied to a 50 bps rate cut.

• There are still noticeable price pressures, especially in services sector
• Trump's tariffs may cause German economy to contract
• If tariffs come into effect, it could cost Germany 1% in economic output

And therein lies the dilemma for the ECB heading into next year I guess. The good news is that the disinflation process is still progressing, albeit with a few bumps along the way. All else being equal, the argument for further rate cuts should hold heading into 2025.

• Headline CPI reading not telling us that underlying inflation dynamics have been vanquished
• Services inflation is pretty sticky
• Energy prices are more likely to go up than down
• Sees more volatility and upward bias to some inflation drivers

Do keep in mind that Mann is arguably the most hawkish member among the BOE policy committee. So, her comments here are not as striking as they might seem to be.

Washington, D.C. -- Iconic game show “The Price Is Right”, which airs on CBS and is produced by Fremantle, is the 2022 television inductee into the National Association of Broadcasters (NAB) Broadcasting Hall of Fame. Host Drew Carey and executive producer and showrunner Evelyn Warfel will accept the award at The Achievement in Broadcasting Awards on the NAB Show Main Stage on April 24 at 4:30 p.m. in Las Vegas, Nev.

Washington, D.C. -- The National Association of Broadcasters Leadership Foundation (NABLF) will present esteemed chef and humanitarian José Andrés with the Service to America Leadership Award, the Foundation’s highest individual honor. The award, which honors an individual’s commitment to advocacy and public service, will be presented during the Celebration of Service to America Awards on June 7 at The Anthem in Washington, D.C.

Washington, D.C. -- NAB Vice President of Government Relations Charlyn Stanberry has been named one of the 2022 Top Lobbyists by the National Institute for Lobbying and Ethics (NILE). The award recognizes 100 honorees from associations, non-profits, firms and corporations that achieved professional success while demonstrating a commitment to giving back to their community.

WASHINGTON, D.C. -- Today at the NAB State Leadership Conference, President and CEO Curtis LeGeyt expressed concern with the implications of the FCC’s decision to refer the Standard General-Tegna merger to the agency’s administrative law judge. The following statement can be attributed to him:

Washington, D.C. -- iHeartMedia co-founder, chairman and CEO Bob Pittman will sit down at the 2023 NAB Show with iHeart and Premiere Networks personality Angela Yee for "Math & Magic: Stories from the Frontiers of Marketing with Bob Pittman," a live podcast conversation open to all NAB Show attendees on April 16 at 3 p.m. at the Las Vegas Convention Center.

Washington, D.C. -- Long-running sports anthology series "ABC's Wide World of Sports" will be inducted into the National Association of Broadcasters (NAB) Broadcasting Hall of Fame at the 2023 NAB Show as this year's television inductee. The show, which aired on ABC from 1961-1998, will be honored at NAB Show during the NAB Broadcasting Hall of Fame Ceremony on the Main Stage, held April 17 in Las Vegas, Nev.

Washington, D.C. -- The 2023 NAB Show will host an intimate conversation with the creative team behind the Academy Award-winning animated short film, "The Boy, the Mole, the Fox, and the Horse," on Sunday, April 16 at 2:00 p.m. on the Main Stage, open to all attendees. "How to Win an Oscar With a Fully Remote Creative Team" will feature visual artists for the production, which first aired in December 2022, on the BBC, to more than seven million live viewers.

Venerated television news magazine “60 Minutes” will receive the second annual Insight Award from the Library of American Broadcasting Foundation (LABF) during the Welcome Session at the 2023 NAB Show on April 17 in Las Vegas, Nev. The award recognizes the iconic program’s 55-year history of excellence in broadcast journalism.

NAB Show will host a session presented by American Cinema Editors that highlights the incredible creative forces behind HBO's "The Last of Us." In "American Cinema Editors Present HBO's The Last of Us," from 11 a.m.-12 p.m. on Sunday, April 16, the series' executive producer Craig Mazin and members of the creative team will discuss the meticulous art of editing, cinematography, visual effects (VFX) and sound behind the hit series.

Washington, D.C. -- NAB Show today announced that two-time Emmy-award winning writer, actress and comedian Ashley Nicole Black will moderate a fireside chat with actor, writer, producer and all-around multihyphenate Brett Goldstein. In "A Conversation with Brett Goldstein," on the NAB Show Main Stage Monday, April 17, at 4 p.m., Goldstein will discuss his multifaceted creative career, how he balances his various roles, and his process for creating compelling content.

Washington, D.C. -- The National Association of Broadcasters today released new radio spots and digital ads highlighting the importance of AM radio in the automobile. These tools include a direct call to action for consumers to contact Congress and will further enhance NAB's advocacy efforts to keep AM radio in the car dashboard.

In response to Sen. Cantwell's remarks at today's hearing and letter urging the FCC to refresh the record on vMVPDs, the following statement can be attributed to NAB President and CEO Curtis LeGeyt:

WASHINGTON, D.C. -- Hall of Fame CBS sportscaster James Brown is the recipient of the National Association of Broadcasters’ 2023 Distinguished Service Award (NAB DSA), the organization’s highest honor. The award presentation will take place during the NAB Marconi Awards Dinner, presented by Xperi, on October 25 at NAB Show New York.

Ray Quiñones has joined the National Association of Broadcasters (NAB) as director of Government Relations, effective today. Quiñones will report to Shawn Donilon, executive vice president of Government Relations.

Washington, D.C.— NAB Show will present the sixth annual Product of the Year Awards at the 2024 NAB Show. The awards recognize some of the most significant and promising new products and technologies exhibited at NAB Show in the categories Create, Connect and Capitalize, which are the workflow pillars of the Show. For the first time, the winners will be announced on the Main Stage at a live awards ceremony at the Las Vegas Convention Center on April 16. Nominations open Jan. 22 at 11 a.m. EST and close April 3 at 11:59 p.m.

Washington, D.C.— NAB Show, in partnership with Future Media Concepts (FMC), announces the launch of a live, innovative workshop series, AI Training & Certifications, set to be a game-changer to enhance digital creativity and technical prowess using the latest AI technologies. Designed for both enthusiasts and professionals, these live programs offer practical, hands-on training both online and at NAB Show, targeting creatives in both broadcast and digital video to stay ahead of the curve and refine their skills.

Washington, D.C.— With tens of millions of individuals worldwide engaged in the growing creator economy, NAB Show emerges as the central hub for networking, exploration and education within the evolving creator market. The 2024 NAB Show, slated for April 13 – 17 (Exhibits April 14 – 17) at the Las Vegas Convention Center, promises to empower creators with invaluable insights and opportunities. Leading the charge is renowned YouTube star, digital creator, filmmaker extraordinaire and multi-media innovator Casey Neistat, who will inspire creators to think outside the box and redefine their creative potential when he takes the Main Stage. Known for his signature "Do What You Can't" motto, Neistat will share his career journey, the unconventional choices that propelled him to success and offer actionable lessons on innovation and creativity.

Washington, D.C. – The National Association of Broadcasters (NAB) today, in partnership with its Leadership Foundation, launched "You Belong Here," a multifaceted campaign to help broadcasters find, hire and grow talent in their stations. This campaign marks a significant milestone in the broadcast industry’s journey towards a more diverse, dynamic and inclusive future for local stations.

WASHINGTON, D.C. -- The National Association of Broadcasters (NAB) today announced that FOX's groundbreaking true crime series, "America's Most Wanted," will be inducted into the NAB Broadcasting Hall of Fame for television. The series will be honored during the NAB Broadcasting Hall of Fame Ceremony, held on the Main Stage of the 2024 NAB Show, April 15 at 1 p.m. PDT.

Washington, D.C.— Emmy-nominated Sean Evans will give a behind-the-scenes view of how he fired up the celebrity interview show Hot Ones to become a cultural phenomenon when he takes the Main Stage at the 2024 NAB Show. Hot Ones, which features celebrities interviewed by Evans as they progressively work their way through a lineup of increasingly hot wings, has more than 300 episodes, 9-million followers and hundreds of millions of views. Evans will discuss the creation and rise of Hot Ones, core creative choices, the business behind the wings and his personal interview process.