What's Your Number?

Israel and Germany: It's Complicated

Episode Notes

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📈Our WYNDEX update for today:

A classic August hibernation week for Wall Street, with both S&P and NASDAQ with a fraction of a percent movement - compared to a whopping 2.44% rise in the WYNDEX. 

Topping the movers this week is Monday.com with 8.49% in the green. Other notable moves in the green are Elbit with 6.5% and Nova Measurements with 4.17% on the back of the stunning Nvidia earnings report. In the red, we have Lemonade shedding 6.9% and ZIM losing 5.29% after news of Turkey closing its ports to Israeli shipping companies turned into a stark reality.

🎯Our Big Shorts for today:

• New data shows increasing signs of growing consumer weakness in Israel as household savings difficulties emerge. Case in point: Only 28% of households now manage to save money at the end of the month (compared to 40% before the war). This is also the first August in five years in which we see a decline in credit card activity compared to the previous year. What does this all mean?
• Serbia comes into the light as the client of the recently reported $1.6 billion defense deal led by Elbit, which was first without mention of the client country due to “political sensitivity.” This is yet another sign that Israel’s defense tech sector is continuing to grow. 

🔎And our Long Play today is a dive into the current state of Germany’s economy and why the European country’s future is interlinked with Israel’s. With a GDP of around $4.5T, Germany is the third largest economy in the world (after the US and China and just ahead of Japan) + of course the largest in Europe. It is also Israel’s second-largest trade partner and a long-time supporter of Israel, defending it from European sanctions. Now, as Germany’s economy stagnates - and the future of its political leanings seems uncertain - where does that leave Israel? We analyze the current challenges plus discuss new opportunities for the two countries to work together. 

📅 New episodes drop every Wednesday

What’s Your Number? is hosted from Tel Aviv and Silicon Valley by Yonatan Adiri — Israeli entrepreneur and former advisor to President Shimon Peres — and Michal Lev-Ram, Israeli-born Silicon Valley-based tech journalist and contributing editor at Fortune. Together, they unpack the headlines, trends, and data driving Israel’s  economy and its future. 

⚖️ LEGAL DISCLAIMER

This podcast offers general business and economic information and is not a comprehensive summary for investment decisions. It does not recommend or solicit any investment strategy or security. 

🎧 CREDITS:

Hosts - YONATAN ADIRI and MICHAL LEV-RAM

Executive Producer - ADAAM JAMES LEVIN-AREDDY

Sound and Video editing - MARTIN HUERGO

Music - MIDNIGHT GENERATION