There is investor concern that federal subsidies for some renewable energy programs, from residential solar to utility wind, will shrink under the Trump administration. And those concerns have some validity, but according to Dimple Gosai, even with a possible decline in federal help, there are a number of positives that should persist for parts of the clean energy industry. Among the positives are state and local subsidies as well as system costs that continue to come down. Especially if power prices rise, the economics of renewables should look better, and in many cases, unsubsidized utility scale solar is already competitive with natural gas. Tariffs could increase system costs but benefit certain domestic producers. Dimple discusses why she continues to expect growth for certain renewables, the importance of storage in enabling this growth, and why geothermal may be underestimated as an energy solution.

You may also enjoy listening to the Merrill Perspectives podcast, featuring conversations on the big stories, news and trends affecting your everyday financial life.

"Bank of America" and “BofA Securities” are the marketing names for the global banking businesses and global markets businesses (which includes BofA Global Research) of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, trading, research, strategic advisory, and other investment banking and markets activities are performed globally by affiliates of Bank of America Corporation, including, in the United States, BofA Securities, Inc. a registered broker-dealer and Member of FINRA and SIPC, and, in other jurisdictions, by locally registered entities.

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Connected TV, or CTV, which refers to everything from movies watched via apps on television to apps offering live TV and traditional DVR capabilities via the Internet, has seen a surge in share of ad spend. This is especially true as more of this connected programming is offered via ad-supported tiers. Programmatic can also bring in more advertisers by making it easier for small and medium sized businesses to buy ad space. AI can drive growth too, allowing businesses to make more effective ad decisions and even helping with campaign content. Jessica Reif Ehrlich also discusses how more targeted CTV ads lead to growth in the format and how there's room for share gains in audio too.

You may also enjoy listening to the Merrill Perspectives podcast, featuring conversations on the big stories, news and trends affecting your everyday financial life.

"Bank of America" and “BofA Securities” are the marketing names for the global banking businesses and global markets businesses (which includes BofA Global Research) of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, trading, research, strategic advisory, and other investment banking and markets activities are performed globally by affiliates of Bank of America Corporation, including, in the United States, BofA Securities, Inc. a registered broker-dealer and Member of FINRA and SIPC, and, in other jurisdictions, by locally registered entities.

©2024 Bank of America Corporation. All rights reserved.

Though the possibility of tariffs and immigration reform, in combination with pro-growth policies, would seem to bias interest rates higher, the 10Y yield is up fairly modestly since election results were announced. And while Mark Cabana expects the 10Y yield to trade in a higher range than it did previously, Mark and the team don't expect 10Y yields to run to 5% and beyond. Mark joins us to discuss the forces that could push rates higher and those that could weigh them down. He discusses Fed path implications for the 10Y and how the rate components have changed since the election. Mark also discusses how US policies could spill over to rate markets globally and what that means for Treasury demand.

You may also enjoy listening to the Merrill Perspectives podcast, featuring conversations on the big stories, news and trends affecting your everyday financial life.

"Bank of America" and “BofA Securities” are the marketing names for the global banking businesses and global markets businesses (which includes BofA Global Research) of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, trading, research, strategic advisory, and other investment banking and markets activities are performed globally by affiliates of Bank of America Corporation, including, in the United States, BofA Securities, Inc. a registered broker-dealer and Member of FINRA and SIPC, and, in other jurisdictions, by locally registered entities.

©2024 Bank of America Corporation. All rights reserved.