Urban One (NasdaqCM:UONE) Q3 2025 Earnings Call November 04, 2025 10:00 AM ET Speaker0Ladies and gentlemen, thank you for standing by, and welcome to the Urban One twenty twenty five Third Quarter Earnings Call. As a reminder, this conference is being recorded. We will begin this call with the following Safe Harbor statement. During this conference call, Urban One will be sharing with you certain projections or other forward looking statements regarding future events or its future performance. Urban One cau ...

美联储政策立场 - 美联储理事克里斯托弗·沃勒主张根据数据制定政策，并认为应忽略关税等暂时性通胀因素 [1][2][4] - 沃勒明确支持在12月进行降息，因当前数据指向需要宽松政策，并驳斥了政策制定处于“迷雾”中的说法 [11] - 政策重点在于应对劳动力市场疲软，而非当前通胀水平，因预期通胀将回归2%的目标 [10][11] 通胀现状与评估 - 截至9月的CPI年率为3%，核心CPI也为3%，而3个月变化显示整体CPI为3.6%，核心CPI年化率达6% [4] - 过去一年食品杂货价格上涨3.2%，通胀仍是选民最关心的问题之一 [5] - 若剔除估计的暂时性关税影响，美联储关注的核心PCE通胀率约为2.5%，略高于目标但预计将下降 [9][10] 经济增长前景 - 美联储长期经济增长预测为1.8%，这基于过去20年平均1.6%至1.8%的生产率增长 [14][15] - 对人工智能和量子计算等技术进步持乐观态度，预计将在未来12至24个月内显著提升生产率，但短期内尚未体现 [15][16] - 讨论了通过减税、即时折旧和放松管制等供给侧政策实现3%至3.5%增长的可能性，但量化其对整体经济增长的具体影响较为困难 [13][22][23] 供给侧政策观点 - 放松管制类似于降息，能降低资本成本，从而刺激经济增长 [21] - 回顾了上一届政府末期实现3.5%增长且通胀低于2%的时期，当时低通胀环境下加息受到质疑 [23] - 美联储内部有支持供给侧政策的观点，工作人员在估算潜在GDP时会考虑这些因素 [18][20]

市场整体表现 - 美国股指期货在周五上涨，主要基准指数期货均走高，此前纳斯达克综合指数在周四下跌超过350点，跌幅达1.57% [1][8] - 周五盘前，道琼斯指数期货上涨0.11%，标普500指数期货上涨0.69%，纳斯达克100指数期货上涨1.21% [2] - 跟踪标普500指数的SPDR S&P 500 ETF Trust（SPY）上涨0.80%至685.27美元，跟踪纳斯达克100指数的Invesco QQQ Trust ETF（QQQ）上涨1.31%至634.23美元 [2] 重点公司动态 - 亚马逊公司（AMZN）股价在盘前交易中跳涨12.21%，因其第三季度净销售额达到1802亿美元，同比增长13%，并对第四季度净销售额给出2060亿至2130亿美元的指引，预计同比增长10%至13% [6] - 苹果公司（AAPL）股价上涨1.88%，其第三季度营收为1024.7亿美元，超出分析师预期的1021.7亿美元，每股收益为1.85美元，超出预期的1.76美元 [6] - Netflix公司（NFLX）股价上涨3.21%，因其宣布进行1拆10的股票分割 [6] - Reddit公司（RDDT）股价上涨12.39%，其第三季度每股收益为80美分，大幅超越分析师预期的52美分，营收为5.85亿美元，高于共识预期的5.4571亿美元 [13] 分析师观点与行业展望 - 富国银行高级全球市场策略师Scott Wren建议投资者忽略短期市场"噪音"，关注未来12至18个月或更长期内推动利润的长期趋势 [9] - 富国银行投资研究所将市场回调视为"买入机会"，并预计标普500指数到2026年底目标为7400-7600点 [11] - 该研究所对技术、金融、工业和公用事业板块给予正面（有利）评级，预计金融板块将从放松监管中受益，工业和公用事业板块则应从数据中心建设和电网升级中获利 [12] 其他资产与全球市场 - 原油期货在纽约早盘交易中下跌0.59%，至每桶60.21美元附近 [15] - 黄金现货价格下跌0.12%，至每盎司4019.86美元附近 [15] - 比特币（BTC）价格下跌0.72%，至每枚109,961.94美元 [15] - 亚洲市场周五多数收低，欧洲市场早盘也大多走低 [16]

Apollo Global Management, Inc. (NYSE:APO) is one of the Best Bargain Stocks to Buy in November. On October 21, Morgan Stanley reduced the price target on the company’s stock to $151 from $154, while keeping an “Equal Weight” rating, as reported by The Fly. The analyst stated that firm updated the price targets for Alternative Asset Managers, North America, under the coverage. As per the firm, while the credit concerns are expected to dominate the near-term market valuations, the capital markets rebound rem ...

美联储政策与市场预期 - 美联储在政府停摆期间缺乏数据的情况下进行决策，但过去18个月劳动力数据曾出现大幅修订，因此当前情况并非完全不同 [1][2] - 美联储的量化紧缩政策符合预期，包括将资金再投资于国库券，并避免投资组合期限过度延长，这遵循了委员会内部的部分观点 [3] - 尽管有委员表现出强硬立场，但市场反应平淡，部分原因在于其任期即将结束，市场认为其重要性有限 [4] 未来委员会构成与政策方向 - 市场关注点在于未来6至9个月内美联储委员会成员将发生显著变动，可能导致政策方向更加多变，形成一个更"合作"或更鸽派的委员会 [5] - 预计新的委员会将更愿意承担通胀风险，并更关注就业数据中一些深层次的不利迹象 [6] - 随着委员会在2026年和2027年演变，政策可能对经济更有利，减少逆风，增加顺风 [6] 通胀与人工智能的影响 - 通胀被视为首要风险，尽管消费者价格指数数据表现良好，但仍未完全脱离危险区域 [8][9] - 人工智能技术具有强烈的通缩效应，其故事带有90年代风格的通货紧缩基调，这降低了通胀成为重大风险的可能性 [9] 劳动力市场与潜在风险 - 主要风险可能在于一两年后经济强劲且通胀风险较低，但失业率却升至5%以上，如何让高质量劳动力重返市场成为挑战 [10] - 货币政策可以影响劳动力需求，例如降低利率可刺激住房建设、抵押贷款银行业务和房地产相关服务，从而抵消人工智能对就业的负面影响 [12][13] 当前市场环境与投资机会 - 当前市场交易于历史高点附近，风险偏好情绪持续，投资环境被描述为"极佳" [14][15] - 投资银行活动繁忙程度堪比2021年，表现为会议安排紧凑，显示出强劲的微观活动水平 [15] - 放松监管的叙事正在推动并购、投资和资本回报活动，释放了巨大的盈利潜力，构成了风险偏好交易的基础 [15][16] - 预计2026年股票市场可能实现两位数回报，固定收益侧也可能有不错回报，前提是美联储委员会变得更加合作 [18]

Let's talk to our geniuses. Art Laugher, former Reagan economist. Steve Moore, host of More Money on WABC radio.Arthur, how did I do. Did I get this right. I mean, profits are the mother's milk.>> You did great. >> The discount rate. I got I got it all in there, man.I learned it from you 50 years ago. >> You did it perfectly. You know, it's amazing, Larry, how both religion and stock prices are driven by profits.>> Religion. >> I'm sorry. I'm sorry.I had to say that. I've been preparing for that for days. I ...

We couldn't agree more. It is and indeed a very weird market. You know, things that you historically could rely on you can no longer rely on.I mean, who ever would have thought that the kind of volatility we're seeing in developed market currencies versus the emerging market currencies are doing relatively okay. And that kind of feeds into the whole theme around gold as well. You know, Danny, we've heard three big arguments as to why we're seeing the volatility in gold or why gold has actually been the best ...

美国银行业状况 - 美国银行业盈利表现稳健且资产负债表强劲 [1] 潜在风险领域 - 快速增长的非公开信贷市场存在风险 [1] - 监管放松进程不均衡 [1] - 美国采取无国际货币基金组织式保障的单边干预措施以支撑阿根廷比索存在风险 [1]

What did the moves signal to you amidst all this commentary about the US economy being okay now but maybe not for long guy actually it sort of made sense to me and I'm not pretending I knew it was coming but you know JP Morgan Jamie Diamond said his stock is expensive we've talked about that almost three times tangible book it is a little bit expensive thinking for Wells Fargo it's a rerating Wells was in the penalty box for years they're finally starting to get out of that penalty box self-inflicted by the ...

As political regimes change and priority shifts in Washington ripple through the economy, there are speculators betting on the success of those shifts, namely the shift toward deregulation.Analyst’s Disclosure:I/we have a beneficial long position in the shares of SMR, PLTR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any ...