Access and Opportunity

Latino Americans’ purchasing power hit $3.4 trillion in 2021, according to a report from the Latino Donor Collaborative, and is expected to account for over one-third of growth in apparel spending in the next five years, according to the 2021 Claritas Hispanic Market Report. With Nielsen noting that women are largely in control of household spending in this demographic, designers and retailers are working to make their sectors more inclusive to Latinas as consumers. But it’s a tough hill to climb given they remain underrepresented in leadership roles in both fashion and retail, with Women’s Wear Daily calling out our guest, Sandra Campos, as one of the only Latina CEOs in global fashion during her tenure at Diane von Furstenberg.

On this episode, we hear from Sonia Smith Kang, an AfroLatina mother who left a career in nursing to start the multicultural children’s clothing line, Mixed Up Clothing, after struggling to find representative clothing for her own kids. Then, Carla speaks to Sandra Campos, a leading Latina voice in retail and the co-founder of Latina Disrupters, an annual networking event for entrepreneurs. They discuss the need to empower Latinas working in retail and fashion so they can take on leadership positions in the space, as well as how US retailers can better serve the rapidly growing Latino population.

https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity

Disclaimer text

The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.

This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.

© 2024 Morgan Stanley & Co. LLC, Members SIPC.

Rates of depression, anxiety and suicidal ideation among college students are at an all-time high. And while students of all backgrounds face similar levels of mental health challenges, ethnically diverse students are far less likely to seek treatment. That gap is due to factors including lack of access to a diverse selection of counselors; cultural stigmas surrounding mental health; and the cost of care. The need for more robust mental healthcare continues once students transition into the workforce. 

On this episode, we hear from Diana Chao, a graduate student and the executive director and founder of Letters 2 Strangers, a global, youth-run mental health nonprofit that emerged from Diana’s own battle with mental illness. Then, host Carla Harris sits with Evan Rose, co-founder of The Steve Fund, the leading organization in the U.S. focused on supporting the mental health and emotional wellbeing of young people of color, and a non-profit member of the Morgan Stanley Alliance for Mental Health. They discuss the work that The Steve Fund is doing to offer a roadmap for higher education institutions and companies to create accessible mental healthcare solutions for their students and colleagues, respectively.

For more information about the Steve Fund, go to https://stevefund.org. To learn more about Morgan Stanley’s Alliance For Children’s Mental Health, visit https://www.morganstanley.com/about-us/giving-back/alliance-childrens-mental-health. 

https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity

Disclaimer text

The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.

This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.

© 2023 Morgan Stanley & Co. LLC, Members SIPC.

With advances in technology, the music industry is changing faster than ever. Streaming services add more than 100,000 new songs every day. In this environment, artists’ ability to market and distribute their own work brings a lot of opportunity. But the influx of new music also means more competition for creatives hoping to break through. Meanwhile, record companies and publishers often control ownership of music rights, meaning that they can profit disproportionately.

In this episode, we’ll hear from changemakers who are helping creatives in this evolving landscape take control of their careers and maintain ownership of their rights. First, we hear from Grammy award-winning songwriter Tiffany Red about her fight for fair pay and how it moved her to found The 100 Percenters, an advocacy group for artists experiencing similar challenges. Then, host Carla Harris sits down with UnitedMasters’ Chief Marketing Officer Chaucer Barnes, to discuss some of the ways that inequity persists in the music industry and how UnitedMasters is enabling artists to retain full ownership of their master rights and their earning potential.

https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity

Disclaimer text

The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.

This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.

© 2023 Morgan Stanley & Co. LLC, Members SIPC.

A 2022 analysis issued by consulting firm Oliver Wyman found a shortfall of 8,000 pilots in North America, or 11% of the total workforce. That gap is estimated to grow to nearly 30,000 by the end of the decade. In their pursuits to staff up and meet new hiring goals, there is an opportunity for commercial airlines in the United States to diversify an industry that has a legacy of being overtly white and male by breaking down the barriers to entry.

On this episode, we’re exploring how the aviation industry is helping people from as many communities as possible to access roles within the industry. First, we hear from American Airlines pilot Captain Beth Powell about her journey to become one of just a few Black women holding high rank in the cockpit of commercial flights across America. Then, host Carla Harris sits down with Eric Hendrick, Delta Air Lines’ first Director of Pilot Outreach, to discuss the industry-wide endeavor to get more women and people of color involved into piloting. Come on and join us for the ride.

https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity

Disclaimer text

The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.

This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.

© 2023 Morgan Stanley & Co. LLC, Members SIPC.

On this episode, we discuss the lack of representation in the video game industry, from the stories that get told in games to the people who get to make them. While gamers of color are more active than their white counterparts, they still only make up about 13% of the gaming development industry, according to a study by Pew Research. First, we hear from Neil Jones, a Black video game developer who went independent after struggling for years to break into the industry. He shares what inspired him to pursue a career in video game development and the difficulties he and his peers faced looking for employment at traditional gaming studios. He shares how he  created and released his own survival game, Aerial Knight’s Never Yield, to carve his own path in. Then, host Carla Harris sits down with Damon Packwood, co-founder of Gameheads, a video game industry job training non-profit aimed at preparing marginalized students for work in the lucrative video game industry. We discuss how the marginalized youth in his Bay Area community are primed to take advantage of the upcoming demographics shift within the gaming community. 

Come on and join us for the ride.

https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity

Disclaimer text

The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.

This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.

© 2021 Morgan Stanley & Co. LLC, Members SIPC.

American entrepreneurship had been on a 40-year decline. But 2020 is the year that turned around; entrepreneurship is on the rise once again. According to the U.S. Census Bureau, aspiring entrepreneurs filed paperwork to start 5.4 million new businesses in 2021. This recent surge in entrepreneurship has been disproportionally attributed to women and people of color, so for this special two-part series we’re honing in on an intersection of those two identities: Black women. 

In the second of our two-part “Black Women Entrepreneurs” series, available in your feed now, we’re broadening the lens to dig into the cultural and business forces behind the rising tide of Black entrepreneurship and the marketplace changes needed to further empower its growth. Carla joins innovative business leader Melissa Bradley in Washington, D.C. to discuss 1863 Ventures, a national business development nonprofit accelerator and venture capital fund for historically underestimated individuals. The organization is on a mission to generate 100 billion dollars of wealth for founders by 2030. Through 1863 Ventures, Melissa is working to create an entrepreneurial ecosystem where Black founders, including the rising tide of Black women business owners, can thrive. Come on and join us for the ride.

https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity

Disclaimer text

The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.

This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.

© 2023 Morgan Stanley & Co. LLC, Members SIPC.

According to a 2021 report in the Harvard Business Review, 17% of Black women are in the process of starting or running new businesses, compared to 10% of white women and 15% of white men. For this special two-part “Black Women Entrepreneurship” series, Access and Opportunity is on the road in Washington D.C. – recently named the best city for Black entrepreneurs to start a business – to hear from the women driving this Black business boom by putting community at the center. 

On this episode, Carla visits entrepreneur Angel Gregorio at her spice shop turned small business incubator, The Spice Suite. Angel, a former assistant school principal, took the leap into business ownership in 2015 after taking over an open retail space. As Angel became a community fixture, she began letting other Black women use the space for pop-ups to sell their own goods. Soon, a tribe was formed calling themselves the Spice Girls, a community of Black women small business owners who support each other's unique entrepreneurial journeys. We’ll hear from Angel and two of her Spice Girls, Sam Smith and Tiaa Rutherford, about becoming entrepreneurs and how their community has helped them chart paths forward. Come on and join us for the ride.

https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity

Disclaimer text

The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.

This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.

© 2023 Morgan Stanley & Co. LLC, Members SIPC.

An extreme funding gap exists for Black female entrepreneurs who, in 2021, received merely 0.34% of the total venture capital spent in the U.S. in the first half of the year, according to Crunchbase. And while more concerted efforts to diversify capital allocation have come out of these jarring figures, the community of adequately funded Black female founders remains incredibly small.

On this episode, we speak with one of the select few Black female founders who got her funding. In 2021, Monique Rodriguez, founder and CEO of Mielle Organics, broke the glass ceiling for Black female founders, inking a nine-figure, non-controlling investment deal with Berkshire Partners. She shares how she turned her passion for women’s health and a nursing background into a global beauty business, and discusses how her atypical path into entrepreneurship became her biggest asset. Then, host Carla Harris sits down with Monique to discuss the obstacles and opportunities that lie ahead for her as a leader at this pivotal juncture of scaling Mielle. And Carla draws upon leadership insights from her latest book, Lead to Win.

https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity

Disclaimer text

The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.

This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.

© 2022 Morgan Stanley & Co. LLC, Members SIPC.

The barriers to entering and staying in the workforce are complex for disabled people, and magnified for disabled people with additional marginalized identities. This results in long term impacts to their household wealth: in the United States, the median net worth among households with adult members with a disability is $33,318 less than the national median, according to a report from Prosperity Now. 

On this episode, we learn how unemployment drives the disability wealth gap and how advocates and entrepreneurs are working to drive change for the betterment of the disabled community. First we hear from disability scholar and advocate D’Arcee Charington Neal, who draws on his lived experience as a disabled Black person in order to advise companies to reduce ableism and racis in the workplace. Then, host Carla Harris speaks with Inclusively co-founder and CEO, Charlotte Dales, about how their technology is making it easier for companies to hire disabled people.

https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity 

Disclaimer text

The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.

This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.

© 2022 Morgan Stanley & Co. LLC, Members SIPC.

A recent survey commissioned by Nova Credit found that nearly half of immigrants said a U.S. credit card is hard to obtain. Without a credit card or any type of credit history to their name, immigrants are likely to find themselves identified as “credit invisible” and unable to establish their financial identities. On this episode, we learn from those with firsthand experience navigating the American credit system as immigrants and how they’re channeling lessons-learned into solutions that are making the pool of creditworthy people more inclusive. First, we hear from Kristy Kim, co-founder and CEO of TomoCredit. As a young South Korean immigrant, Kristy was unable to get approved for a car loan simply because she didn’t have credit history. This sparked her idea to create Tomo, a credit card for those with no credit or poor credit that aims to help them build a better score, faster. Then, host Carla Harris is in conversation with Wemimo Abbey and Samir Goel, two business partners who were inspired by their own immigrant-centered upbringings to break down the barriers that not having a credit score poses. Through their company Esusu, Wemimo and Samir developed technology that shares monthly rent payments with the three major credit bureaus, expanding the types of reportable data used to help immigrants build their credit score.

https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity

Disclaimer text

The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.

This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.

© 2022 Morgan Stanley & Co. LLC, Members SIPC.