3+1 Active Investor Series

VIDEO SERIES

“3 Things You Need to Know + 1 You Don’t!”
The 3+1 Investors Series is BlackRock’s weekly investor video franchise, created to start your week with insights from the voices shaping markets. Featuring the firm’s leading investors, each episode highlights three perspectives on what’s driving markets today.

BlackRock | 3+1 Series
Episode 125 PL: Tony Kim (w/ Dynamic Creatures)
Transcript 102226

Marc: We created our first cute and cuddly living character robot.
Tony: Hugo!
Hugo: Yodel-ay-hee-hoo!
Marc: He actually speaks a specific Yeti dialect in the Alps.

Good morning, I’m Tony Kim, Head of the Global Technology Team at BlackRock. It's the week of October 26th. Here are three things you need to know, and one you don’t.

First up.
The robotics revolution has changed, because of the digital brain. For decades robotics didn’t have this digital brain. Automation was predominantly in industrial use cases. The market is now set at a precipice here of significant expansion into global society at large. In particular, consumer robots. The opportunity here for robotics and humanoids beyond a limited industrial base could be one of the biggest industries in the world.

Number two.
Tony: Joining me now, Marc Theerman, the CEO of Dynamic Creatures. Marc, what do you think about this next wave of AI and robotics?
Marc: I think now it's time for these robots to walk into our daily lives. I think we will see robots in hotels, in resorts, in restaurants. Over the next five years, there’s gonna be a tremendous shift where all of a sudden we will learn to live with these robots side-by-side. If you ask a person on the street they’re probably underestimating the profound impact that walking robots will have in our lives in this decade.

Which brings us to.
Tony: At Dynamic Creatures, can you tell us what you’re building and what you’re really focused on?
Marc: It’s really creating a connection. If there is a world with millions, if not billions, of robots I personally think they should be cute and cuddly. And, so what Dynamic Creatures is focused on is building the software and hardware tools to make these robots much more approachable, so that we can actually create a connection with them and maybe have an empathetic relationship.

And finally.
Marc: Tony we actually have a surprise. Hugo wanted to come say hello.
Tony: Hi, Hugo
Hugo: Hello!
Tony: Hugo, we love a hot take on this series. I think pistachios are the greatest snack of all time. What do you think?
Hugo: Hmm…
Marc: I think, I think it’s a Twix.
Hugo: Strudel! Ha ha ha.
Tony: That’s good. I love that.
Marc: Tony, there you have it. First hot take from a yeti.
Tony: Can I get my own C-3PO?

To get more 3+1, follow us on LinkedIn and YouTube. We’ll see you next week.

3+1 Episode 25: Tony Kim and Special Guest

In this week’s episode of the 3+1 Active Investor Series by BlackRock, Tony Kim, Head of BlackRock’s Global Technology Team, is joined by Marc Theermann, CEO of Dynamic Creatures, to explore how AI is unlocking new possibilities for robotics and bringing humanoid robots closer to everyday life.

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BlackRock | 3+1 Series
Episode 124 FC: Rich Mejzak
Transcript 101326

Johnny’s, right outside of Philly. Toasted seeded roll. Sharp provolone. Delish!

Good morning. I’m Rich Mejzak, Global Head of Investments for the Cash Management Team at BlackRock. It’s the week of October 19th. Here are three things you need to know, and one you don’t.

First Up.
The Fed and other global central banks for that matter have some time here to maneuver. While they are committed to fighting inflation globally, what has happened recently markets have priced a lot of that in for them and inflation, for the most part, has been tame enough, while investors likely need to continue to navigate volatility in long-end bonds. Money market funds can offer stability, liquidity, and attractive yields.

Number Two.
Fiscal deficits are gonna continue to grow and need to get funded. The likelihood is a lot of this funding is going to come in the form of treasury bills, a cheaper and more nimble way for the treasury to fund their debt. We've already seen a significant amount of issuance increase this year, and are likely to see more over the next few months. What does that mean? Lower prices, higher yields and more income for money market fund investors.

Which brings us to.
Importantly, funding market conditions remain sound. I say importantly, because oftentimes market volatility is first demonstrated in volatility in front-end funding markets. We have not seen that this past September, and thus far, we have not seen it shaping up for December. The Fed has the ability, through the RMP, to purchase treasury bills to help market functioning. Currently, they are not doing that. Further demonstrating the soundness of funding markets heading into year-end.

And finally.
Coming up on the 50th anniversary of the movie Rocky. Aside from it being a story of grit, perseverance, and a good love story…without question, the greatest movie theme song of all time.

To get more 3+1, be sure to follow us on LinkedIn and YouTube. We’ll see you next week.