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The Exchange Profile

The Exchange

English, Finance, 1 season, 1221 episodes, 1 hour, 29 minutes
About
"The Exchange" on CNBC is a one-stop shop for the day's top business stories, along with breaking news and the must-see market movers heading into the back half of the trading day. This newsroom-based program also features lots of original reporting, in-depth conversations and showcases CNBC's award-winning investigative work. "The Exchange" has all that plus "Rapid Fire," our innovative, reporter driven roundtable – which is a discussion of some of the day's most interesting, unusual and at times controversial topics. This series gives today's modern investor the day's top stories, the must reads & a whole lot more.
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Microsoft Build & Fed’s Christopher Waller 5/21/24

Microsoft’s developer conference is underway with CEO Satya Nadella giving the keynote speech right now. We’ll continue to bring you all the latest headlines from that event as we get them. Plus, the tech-heavy Nasdaq hanging near the flat line after hitting a record high in yesterday’s session. We’re on record close watch for both the Nasdaq and the S&P 500. The Dow meanwhile, is on pace for a second positive day in three. This comes as we’ve heard from five Fed officials so far today, all conveying the same message: the path to 2% will be longer than expected, and bumpy. The first cut is expected to come in September. Let’s see if that changes after our first and exclusive interview with Fed Governor Christopher Waller. 
5/21/202443 minutes, 49 seconds
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Case to Raise?, Risky Business, China Auto Threat 5/20/24

The consumer is doing just fine, even on the low-end. Two of our guests are making that point today. One of them says they’re taking cuts off the table until at least December, while the other says there’s even a case to be made to raises – not cut – this year. Both are here to explain and tell us how they’re positioning from here. Plus, the “Black Swan” is here to talk AI, Bitcoin, Middle East turmoil, and where he’s seeing the biggest risks. Nassim Taleb join us live to tell us how you can position to protect yourself – and even profit from it. And Wells Fargo says China’s rise to dominate the global EV market is not all bad news for U.S. auto stocks. We’ll reveal the one name that may even benefit from it. 
5/20/202443 minutes, 49 seconds
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Market Momentum, D(AI)ta Dash, 3 Buys & a Bail 5/17/24

Does the rally have room to run? Our market guest says yes, and for one specific reason. She’s here to make her case, and bring one name she’s especially bullish on. I’ll give you a hint – she buys her gas and her champagne there. Plus, OpenAI partnering with Reddit is just the latest example of AI companies racing to secure access to data. And they may be knocking on this company’s door too. We’ll bring you the name, and the man lending AI efforts there.  
5/17/202444 minutes, 11 seconds
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Milestone Momentum?, Cranking or Cracking?, & Killer or Catalyst? 5/16/24

milestone moment. The Dow just hit 40,000 for the first time ever, but can the bulls keep the momentum going? Our market guest has concerns about the strength of the economy and the consumer. He’s here with what makes him worry, and what he’s buying against this backdrop. Plus, speaking of the consumer, one of our guests is hoping to attract a particular kind. We’ll tell you who, how, and why they’re on this year’s Disruptor 50 list. And speaking of disruption, is ChatGPT’s latest tech a killer or catalyst for language learning companies? The CEO of Duolingo isn’t worried, he’s welcoming it with open arms. 
5/16/202443 minutes, 35 seconds
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Hitting Record Highs, Health of Housing, Getting AI-gressive 5/15/24

Stocks are surging after inflation cooled a bit last month. We’ll look at what that means for the Fed’s next move. Plus, lower yields are boosting homebuilders today, but new data shows demand could be slowing and we could be nearing an inflection point. And now that Google’s announced an AI assistant and search overhaul, what do all the big tech moves mean for advertisers and publishers?
5/15/202444 minutes, 2 seconds
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From the Desk of Kelly Evans: The stock market has done even better than you think 5/15/24

Kelly explains how many investors have done better over time than they realize.
5/15/20244 minutes, 2 seconds
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Google’s Big Event, Meme Stocks Return, Travel Spending Boom 5/14/24

Google’s annual developers conference is kicking off with some big announcements on the company’s AI initiatives. We’ll bring you the headlines and break down what they mean for the AI race. Plus, meme stocks are back in the spotlight, and we’ve got the charts, the chatter, and the trade on the latest stock market craze. And Mastercard’s new numbers show consumers spending big on travel. We’ll break down the data with Mastercard’s chief economist, Michelle Meyer.
5/14/202444 minutes, 8 seconds
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From the Desk of Kelly Evans: Why is the Fed so itchy to cut? 5/14/24

Kelly explains why the Fed’s battle against inflation is far from over.
5/14/20242 minutes, 54 seconds
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Rebound or Real?, AI Arms Race, Finding Healthy Returns 5/13/24

Roaring Kitty and the meme trade are back, along with the rising risk of stagflation. We’ll look at how to position, and how to diagnose the health of this market rally. Plus, Apple, Google, and Microsoft are gearing up for their developer conferences. But OpenAI is front running all of them with today’s spring update. We have the headlines and the implications of a potential landmark deal with Apple. And despite big gains from GLP-1 makers, health care is underperforming the broader market this year, and our market guest has three value names in the space.
5/13/202444 minutes
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What the Tech?, The Key Catalyst, & Weathering Choppy Waters 5/10/24

Is the IPO reopening real? Is Google’s AI strategy hinging on man? And speaking of AI, we’ve been waiting on something big from Apple, and they “crushed it,” but not in a good way. We’ll talk about all of that with Slow Venture’s Sam Lessin. Plus, the Dow is on track for eight straight days of gains. Our market guest says those gains can keep going, as long as one thing happens. He’ll tell us what it is and what he’s buying. And, in choppy waters. That’s how the CEO behind this name describes the consumer. He also says his company is well-positioned to weather it. The stock is up 17% just this week. He joins us ahead.  
5/10/202443 minutes, 51 seconds
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Consumer Cracking or Cranking?, Beyond Meat CEO Exclusive, Gen Z’s Trade School Boom 5/9/24

Corporate America is giving mixed signals on the consumer. We’ll round up the latest company commentary and speak with Lidl’s US CEO about what he’s seeing on the food inflation front. Plus, Beyond Meat’s CEO joins us for his first live TV interview since the depths of the pandemic. We’ll wrap up the company’s disappointing quarterly results and look ahead to what’s next. And Gen Z is increasingly choosing trade schools over traditional 4-year colleges. We’ll speak with the CEO of one publicly traded company that’s benefitting from that boom.
5/9/202443 minutes, 52 seconds
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Rate Cut La-La Land, Once-in-a-Lifetime Opportunity, Time to Trim Nvidia? 5/8/24

Jefferies’ David Zervos says traders are living in rate cut la-la land and joins Kelly to make his case. Plus, office loan defaults are nearing historic levels, and the Empire State Building’s landlord says that’s creating a once-in-a-lifetime buying opportunity. And the likes of Stanley Druckenmiller are starting to trim Nvidia –should you? We’ll ask one of the biggest bulls on Wall Street.
5/8/202445 minutes, 9 seconds
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Fed “Fumble”, Disney Disappointment, and iPad Promises 5/7/24

Stanley Druckenmiller says rate cuts should be entirely off the table and that the Fed fumbled the football on the 5-yard line with the game on the line. We’ll look at the path forward for the Fed. Plus, Disney nearly broke even on streaming, but missed revenue estimates for a fourth consecutive quarter. We’ll ask Oscar-winner Brian Grazer about the future of Hollywood. And Apple unveiling its first iPads since 2022, but today’s news is only an appetizer for next month’s big event.
5/7/202443 minutes, 45 seconds
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Buffett’s Cash Conundrum, Sticking with Starbucks, Earnings Exchange: DIS, SPG, LCID 5/6/24

This year’s “Woodstock for Capitalists” is in the books, and we’ve got one Berkshire shareholder to weigh in on Buffett’s latest moves. Plus, former Starbucks CEO Howard Schultz says Starbucks needs to fix its stores to win back customers, but Bank of America is sticking with its buy rating on the stock and joins us to make her case. And, we’re tackling Disney, Simon Property Group and Lucid in Earnings Exchange.
5/6/202443 minutes, 22 seconds
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Rate Cut Timeline, Apple’s Core Issue, 3 Buys & A Bail: Boomerang CEOs 5/3/24

A weaker-than-expected jobs report following a more dovish-than-expected Powell this week... did it just change the rate cut timeline for the Fed? Plus, there was one thing overshadowed in Apple’s blowout earnings report that has Needham’s Laura Martin worried. We’ll ask her what it is and what Apple can do to alleviate her concerns. And Starbucks, Disney, Block and Under Armour have all been helmed by boomerang CEOs, but has that helped or hurt the companies? We’ll ask our trader in 3 Buys & A Bail.
5/3/202443 minutes, 15 seconds
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Less Hawkish Than Feared, No Labor Pains, Earnings Exchange: AAPL, HSY, NET 5/2/24

We’ll break down Fed Chair Powell’s message to the markets and tell you how to position from here. Plus, freelance job platform Upwork is moving higher on earnings and strong guidance. We’ll speak with the CEO about the labor trends she’s seeing. And Apple headlines today’s earnings after the bell, but we’ll also get the action, the story, and the trade on Hershey and Cloudflare in Earnings Exchange.
5/2/202443 minutes, 46 seconds
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Fed Decision Countdown, Taylormade CEO on Tiger Woods, Earnings Exchange: Insurers, Zillow, DoorDash 5/1/24

60 minutes until the Fed’s latest decision on interest rates. We’ll tell you how to position and what to expect for today and the rest of the year. Plus, Taylormade is taking a big swing at athleisure with Tiger Woods’ new line. We’ll speak to the CEO about that partnership, the state of golf, and a potential IPO. And we’re tackling the consumer, inflation, and housing in today’s Earnings Exchange.
5/1/202442 minutes, 51 seconds
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A Hawkish Surprise, Amazon Earnings on Deck, Cloud Competition Heats Up 4/30/24

24 hours until the Fed’s next decision on interest rates and one of our next guests says we could in for a hawkish surprise. She’ll tell us what she means by that and how to position. Plus, Amazon’s earnings expectations are sky-high, but one portfolio manager says the company’s firing on all cylinders and joins us to make his bullish case. And our mystery cloud stock of the day is hitting an all-time high on the back of an earnings beat. The CEO joins us exclusively with what’s driving the results.
4/30/202443 minutes, 59 seconds
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“Embrace Higher Rates” & Key Catalysts? 4/29/24

As we count down to the Fed’s decision on interest rates this week, our market guest says don’t fear high rates, embrace them! He tells us why, and what he’s buying against this backdrop – including one name that’s out of character for him. Plus, Elon Musk makes a surprise visit to China as Tesla clears a major hurdle in that market. Is this the catalyst that could turn things around for the beaten-down EV maker? We’ll discuss. Plus, this name offers a unique way to trade the GLP-1 diet drug craze, but the company’s product spans across various sectors. The CEO joins us exclusively ahead. 
4/29/202443 minutes, 11 seconds
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The Exchange 4/26/24

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
4/26/202442 minutes, 40 seconds
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Not as bad as it seems? 4/25/24

A GDP surprise, and not a good one! The economy is slowing but inflation is stubborn, yields are spiking, and stocks are sinking. But two of our guests say it's not as bad as it seems. They’re here to tell us why, and where they see opportunity in this market. Plus, Meta is down big amid weak revenue guidance and big AI spending plans. Did that report just set the tone for Alphabet? We'll talk about that, and look at the names that are set to benefit from Meta's AI capex commitment. And there's one stock defying the selloff today. It's up 6% right now, and up 600% in a year. Yesterday, one of our guests called it a top pick. So we invited the CEO on. He joins us for an exclusive interview ahead.
4/25/202444 minutes, 9 seconds
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“Great Opportunities,” Boeing Latest & Earnings Exchange 4/24/24

The bull market has room to run, and the recent volatility has presented great opportunity. That’s according to one of our guests. He’s here with what makes him optimistic, and the three names he likes right now. Plus, Boeing’s loss may have been smaller than expected, but it was an ugly quarter. We have the latest on earnings, the CEO search, and how quality control issues are being handled. And, there more names on deck to report including a big one, Meta. We have the action, the story, and the trade into the print. 
4/24/202443 minutes, 41 seconds
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The Case for a July Cut & What Buyers Want 4/23/24

: Stocks higher, yields lower as investors digest mixed economic data. Business activity in April grew at the slowest pace so far this year, while new orders fell for the first time in almost four years. But manufacturing input costs hit a one-year high and services demand remains strong. So what does all this mean for the Fed? Our economist makes the case for a July cut. Meanwhile, new home sales notched their highest reading since September, as builders pull back on prices and offer incentives to offset higher rates. We’ll talk to the CEO of real estate developer Howard Hughes Holdings about the demand trends he’s seeing.  
4/23/202444 minutes, 10 seconds
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Buy the Dips?, Dented But Not Deterred, 3 Buys & a Maybe 4/22/24

There’s GDP, PCE, and big tech earnings. It could be a market-moving week. If there’s a pullback, our market guest says ‘buy.’ He’ll tell us why and where he’s looking for opportunity. Plus, speaking of pullbacks, some of semi names are in a bear market, but our analyst sees strength ahead, and soon. He’ll tell us when, why, and what names he sees best positioned across the chips universe from here. And on this Earth Day, a special Three Buys and a ‘Maybe’ ESG edition. The acronym may be divisive, but the returns our guest sees for these names may make you a buyer.
4/22/202444 minutes, 28 seconds
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Big Week Ahead, Sub-stantive Concern?, Top Airline Analyst on Earnings 4/19/24

Geopolitics, earnings, and economic data on deck next week could make or break the Fed’s hawkish tilt. We’ll look at what to watch and where to find value. Plus, Netflix shares plunging after saying it’ll stop reporting subscriber numbers. We’ll tell you whether investors should be worried. And airlines earnings are off to a strong start, but there’s a bifurcation in that trade, and Wall Street’s top airlines analyst is here with what it is.
4/19/202444 minutes, 16 seconds
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No Cuts, No Problem?, Buy Now, Pain Later? & Supply Chain Winners 4/17/24

Has the Fed’s base case shifted from “later cuts” to “no cuts this year?” Our market guest says it doesn’t matter. He sees stocks going higher regardless. He’ll tell us why, and the one scenario that could change it. Plus, credit card debt stands at a record high. At the same time, using buy now pay later to fund purchases remains popular. Klarna has its finger on both of these trends, and the CEO is here with what he’s seeing. And, a push to on-or near-shoring supply chains is making one sector increasingly attractive. We’ll tell you which one, and the names that stand to benefit the most. 
4/17/202444 minutes, 21 seconds
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Catalysts & Concerns, REITs & Risks, Rates & Housing 4/16/24

The bond market is keeping stock gains in check as we prepare to hear from Fed Chair Powell this hour. We’ll bring you the headlines and reaction from BNY Mellon’s CEO. Plus, the winners and losers ahead of REIT earnings as office vacancy rates hit a 20-year high. And housing starts just posted the biggest drop in 4 years, but one name is better-insulated from high rates, according to our analyst.
4/16/202446 minutes, 47 seconds
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Examining Geopolitical Risks and the Market Impact 4/15/24

Stocks sink after Israel vows to retaliate against Iran following its missile attack over the weekend. We discuss the ramifications across energy and defense and what it means for US foreign policy. Plus, Netflix kicks off big tech earnings later this week. Morgan Stanley’s Ben Swinburne joins with the key numbers to watch and why he sees $1000/share in the not-too-distant future.  
4/15/202444 minutes, 9 seconds
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Tracking the Sell-off, The VC View, Box CEO Aaron Levie 4/12/24

We’re tracking the market sell-off to end the week, but our market guest says investors need to be selective to avoid a lost decade of gains ahead. Plus, venture capitalist and “Shark Tank” guest judge Matt Higgins joins us with where he sees the most risk and opportunity in the VC landscape right now. And Box CEO Aaron Levie is here to weigh in on the debate of whether AI will cut or create jobs.
4/12/202449 minutes, 18 seconds
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Adam Neumann Exclusive, Underestimating Apple?, Great Setup for Markets 4/11/24

WeWork co-founder Adam Neumann is unveiling his new venture and spoke exclusively to our Deirdre Bosa about that and his bid to buy back WeWork. Plus, Bank of America says the Street is underestimating Apple’s pricing power ahead of its results and joins us to make his case. And the market is fixated on the macro, but that’s a good thing according to our market guest who says the setup into earnings couldn’t be better.
4/11/202447 minutes, 46 seconds
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Sticky Inflation Situation, Nvidia Defying Gravity?, Google’s Chip Shot 4/10/24

March’s CPI number came in hotter than expected, hurting the probability for a June rate cut, but our market guest sees a lot of opportunities in both stocks and bonds. Plus, Nvidia’s defying gravity according to our trader. He’ll tell us how to position. And Google is unveiling a new chip and calling out the competition. We spoke exclusively with the Google Cloud CEO and bring you the highlights.
4/10/202443 minutes, 41 seconds
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Beyond Mega Caps, Banking on Tech, Travel Trade Exclusive 4/9/24

Satori Fund’s Dan Niles brings us the three names he would kick out of the Mag 7, and the areas where he’s looking beyond big cap tech. Plus, we’ll check in with one banking veteran ahead of the financials kicking off earnings season. And inflation is not slowing down Norwegian Cruise Lines as the company places its largest ship order ever. We’ll speak with the CEO on the heels of that massive investment.
4/9/202443 minutes, 54 seconds
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Fed’s Hawk Talk, Yellen in China, Solar Eclipse Countdown 4/8/24

The Fed has been unusually unanimous over the past several years, but we’re starting to see some divisions when it comes to cutting rates. Plus, Treasury Secretary Janet Yellen sat down exclusively with our Sara Eisen in China. We’ll bring you the highlights. And we’re counting down to the 2024 solar eclipse with a live report from Burlington, Vermont, and renowned theoretical physicist and author Brian Greene.
4/8/202444 minutes, 52 seconds
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Stronger (Jobs Market) For Longer?, Retail Bargain Buy, Miami’s Billionaire Buyers 4/5/24

Another strong job report is leading our economist to change her rate cut forecast. She joins us to make her case and tell us what she expects from the Fed going forward. Plus, a check on the consumer, including one name where our analyst sees a 26% rally. And “higher for longer” is not an issue for the ultra-rich. We’ll tell you who’s scooping up properties in Miami and talk to one of the power brokers behind some of the deals.
4/5/202442 minutes, 40 seconds
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The Jobs Juggle, Disney’s Next Move, Rare VC Titan Interview 4/4/24

What happens if tomorrow’s key jobs number misses consensus in either direction? We’ll look at the dueling scenarios. Plus, Disney notching a win against Trian’s Nelson Peltz, but the fight is far from over. And a rare interview with Founders Fund Partner Trae Stephens on the state of VC funding, AI, and much more.
4/4/202444 minutes, 4 seconds
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Disney’s Boardroom Battle, Einhorn’s Best Idea, Fed’s Path Forward 4/3/24

Disney’s shareholder meeting is underway. We’ll bring you the result of its proxy battle and what it means for the future of the company. Plus, we’re live at the Sohn Conference for David Einhorn’s best investing idea. And the Fed chair Powell continues to push back the timeline for rate cuts. We’ll look at the fallout for the economy.
4/3/202447 minutes, 48 seconds
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Markets & Metals, Fed Positioning, Tesla’s Rare Drop 4/2/24

Stocks are under pressure as yields climb and gold hits an all-time high. Plus, SF Fed President Mary Daly is preparing to speak this hour as the market comes to terms with fewer rate cuts. We’ll look at how to position for higher-for-longer rates. And Tesla shares falling after deliveries fell below even the lowest analyst estimate.
4/2/202443 minutes, 37 seconds
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Timing the Fed’s Cuts, Blip or Bottom?, Retail Pains & Gains 4/1/24

Stocks are falling and yields are climbing in the first trading day after the Fed’s key inflation read showed prices moderated in February. We’ll look at whether three rate cuts are still on the table for 2024. Plus, manufacturing in China finally grew for the first time in five months. Is it a blip or have the Chinese markets finally hit a bottom? And Macy’s pain could be its competitors’ gain... We’ll look at the brands that will benefit the most.
4/1/202444 minutes, 10 seconds
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Sam Bankman-Fried Sentencing, AI Underdogs, Around the Word: Europe 3/28/24

Disgraced former FTX CEO Sam Bankman-Fried gets hit with a 25-year sentence. We’ve got color from the courtroom and one attorney’s analysis of the “paradox” case. Plus, the AI underdogs are on the verge of an opportunity our analyst says he hasn’t seen in a decade. And we’ll go around the world once more in a special Europe edition of 3 Buys & a Bail.
3/28/202444 minutes, 2 seconds
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Emerging Opportunities, Banking on AI, & AI Power Trades 3/27/24

Veteran investor Mark Mobius says India is on top. He's here with where he's seeing the biggest opportunities, and the names to buy to take advantage of it. Plus, AI and the banks. Top banking analyst Mike Mayo says there's one clear winner. He's here to tell us who it is, what makes it a standout, and how much upside he sees ahead. And powering AI will be a massive challenge, but there are four names well-positioned to lead the charge. The analyst behind that call is here to make his case.
3/27/202443 minutes, 59 seconds
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Buoyed by Buybacks?, Around the World: Japan, Staples Slump 3/26/24

One of our market guests says we’re in a debt-fueled, buyback-driven rally that could extend the bull market for years to come. Plus, Japan’s stock market is hitting record highs but it’s not too late to get in, according to one portfolio manager. And one consumer staples stock is down 30% from its recent high, but one of our guests likes it and says now is the time to buy.
3/26/202444 minutes, 41 seconds
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Hawkish Fed Risk?, Boeing Shake-up, Around the World: China 3/25/24

Is the market truly ready for a more hawkish Fed on the heels of Atlanta Fed President Bostic’s comments? We’ll talk about that and how to position. Plus, Boeing CEO Dave Calhoun is set to leave the company by year-end. And we’re going around the world this week to find opportunities, kicking things off with China and Kraneshares CIO Brendan Ahern.
3/25/202447 minutes, 25 seconds
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“Not a Bubble, but Bubbly”, Caution Warren-ted?, Stealth Housing Play 3/22/24

One of our market guests says the market’s not a bubble, but it’s “bubbly.” He’ll tell us what he means by that. Plus, Tesla is down more than 30% to start the year, should you steer clear or buy the dip as Sen. Warren now calls for an investigation. And it’s been a big week for the builder stocks, but one analyst is calling out one retailer as a stealth housing buy. We’ll reveal it, ahead.
3/22/202443 minutes, 56 seconds
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No Stopping the Rally?, Reddit IPO & Full Stream Ahead? 3/21/24

Wall Street is building on a record-setting run, and our market guest says it doesn’t matter when the Fed cuts – that run will continue. He’s here with what makes him so bullish. Plus, we are awaiting Reddit’s first trade. Bullpen Capital’s Duncan Davidson told us yesterday that if it prices at the top of the range, it could be set up for failure. Well, it did price at the top of it, at $34. Duncan is back with us. We’ll see what happens when the first trade crosses the tape. And two reasons why Netflix will continue to dominate the streaming wars. Our analyst tells us what they are and how much upside he sees ahead. 
3/21/202446 minutes, 33 seconds
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Countdown to Fed Decision, Reddit IPO Watch, Chipotle’s Big Split 3/20/24

Less than 60 minutes away from the Fed decision, we’ll look at how to position ahead of Powell’s press conference. Plus, Reddit is set to become the first major mainstream company to go public this year, but our guest says he wishes it wasn’t leading the way. And Chipotle shares briefly topped $3,000 after announcing one of the biggest stock splits in history. We’ll look at what’s behind the timing and what it could mean for the stock going forward.
3/20/202440 minutes, 13 seconds
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Tech Safety Trade, Nvidia’s AI Revolution, Health of Housing 3/19/24

Abandon tech at your own peril, according to our market guest. He’ll join us with the two names to consider from here. Plus, Nvidia’s announcing an extended partnership with Databricks. We’ll speak with the CEO about that and the company’s potential IPO. And the CEO of Howard Hughes joins us on why he says the housing shortage will get worse before it gets better.
3/19/202443 minutes
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Don’t Chase the Crowd, Closing the AI Gap?, Homebuilder Sentiment Shift 3/18/24

Our market guest is avoiding the most crowded trades, and betting on what he calls “the most underrated methodology”. He’ll tell us the names he found and opportunities he sees. Plus, Apple is reportedly looking to license Google’s Gemini AI, but is that enough to put Apple back in the AI conversation? We’ll debate. And homebuilder sentiment is finally back in positive territory. We’ll speak with one player doing business in both space.
3/18/202444 minutes, 13 seconds
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Inflation Front & Center, Massive NAR Settlement, Stick with Boeing? 3/15/24

Next week’s Fed meeting has big implications for investors for the rest of the year. We’ll tell you what could change and what it means for the market. Plus, the National Association of Realtors reaching a settlement that will change the real estate market as we know it. We’ll get the Redfin CEO’s first reaction. And Boeing’s on pace for its worst week since January’s infamous doorplug incident, but one Boeing shareholder tells us he’s sticking with the stock, and joins us to make his case. 
3/15/202444 minutes, 43 seconds
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Timing the Cuts, TikTok Takeover?, “Meat” Makeover 3/14/24

The market now sees the Fed’s first rate cut coming in June, but one former NY Fed analyst thinks that’s an overestimate. Plus, the so-called TikTok bill is on its way to the Senate as one billionaire floats a plan to buy the company if it becomes law. We’ll look at the social media landscape and impact on the 2024 election. And Impossible Foods is in the midst of a makeover as it hopes to attract more customers. The CEO joins us with what’s behind the strategy.
3/14/202444 minutes, 30 seconds
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Higher For Longer… For Longer?, Cost of Energy Security, Next Social Media Threats 3/13/24

Stocks struggling to keep up yesterday’s momentum. We’ll get you up to speed ahead of tomorrow’s inflation and retail sales data. Plus, energy prices moving higher as Ukraine blows up a Russian refinery. Dan Yergin is here to weigh in on the return of energy security and its costs. And Congress is taking the first step toward a TikTok ban. We have what’s next and what it means for cybersecurity going forward.
3/13/202444 minutes, 16 seconds
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Timing the Cut, Boeing’s Blues, Equal Pay Day 3/12/24

Today’s inflation print may be pushing Fed rate cuts even further out, with markets now pricing in just a 50% chance in June. We’ll look at how to position and get the results of the 10-year note auction. Plus, Boeing reportedly failed 33 out of 89 FAA product audits, and now the manufacturer’s woes are starting to hit the airlines’ bottom lines. And today is Equal Pay Day, marking the date that symbolizes how far into the year women must work to earn what their male peers earned in the previous year. We’ll look at the salary shortfall and what companies can do to help close the gap. 
3/12/202443 minutes, 3 seconds
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The Next Catalyst, Late Fee Limbo, Future of Media 3/11/24

With earnings in the rearview mirror, our market strategist brings some buys that coincide with what she thinks will be the next catalyst for the market. Plus, a new cap for credit card late fees, thanks to a new rule from the CFPB. We’ll speak with the director about why it’s a controversial topic for many. And serial entrepreneur Gary Vaynerchuk is here with former TikTok CEO Kevin Mayer to discuss their new media venture targeting children.
3/11/202444 minutes, 10 seconds
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Don’t Trust the Rally?, America’s $775B Gap, Trade of the Union 3/8/24

Stocks are struggling to hold their initial gains following the stronger-than-expected jobs number, but Fundstrat’s Tom Lee is staying bullish on stocks and tells us where he’s seeing opportunities now. Plus, the latest unemployment rate may have ticked higher but the share of prime-aged women in the workforce climbed to nearly 78% and is hovering near a record high. We’ll look at what it’ll take to get more women into the workforce. And President Biden is calling on higher corporate taxes in his latest State of the Union address. We’ll get a traders take in today’s 3 Buys & a Bail.
3/8/202444 minutes, 41 seconds
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Biden & Business, Cleveland Fed Pres. Mester Exclusive, Earnings Exchange: COST, AVGO, DOCU 3/7/24

President Biden is expected to go after the wealthy and corporations in his State of the Union address tonight. We’ll look at the challenges and potential impact for business and Wall Street. Plus, Fed Chair Powell is wrapping up his second day of testimony on Capitol Hill. We’ll speak exclusively with Cleveland Fed President Loretta Mester about the central bank’s path forward. And we’ll look at Costco, Broadcom, and Docusign ahead of their reports in Earnings Exchange.
3/7/202446 minutes, 52 seconds
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Powell on Capitol Hill, NYCB Capital Infusion, Musk vs. OpenAI 3/6/24

The Fed’s not ready to start cutting rates, according to Chair Powell. We’ll break down his first day of testimony on Capitol Hill and what it means for investors. Plus, NYCB is plunging on reports the bank is seeking a major capital infusion. And OpenAI is firing back to Elon Musk’s lawsuit by publishing some of Musk’s emails that appear to contradict what he’s said recently about OpenAI.
3/6/202444 minutes, 18 seconds
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Value Hunting, Trex CEO Exclusive, Earnings Exchange: CRWD, JWN, JD 3/5/24

Our market guest is rotating out of Nvidia and back into value, and has one name where he expects to see healthy returns. Plus, the Trex CEO joins us with his view of the housing market and how the deck manufacturer is benefitting from home renovation trends. And we’re talking shopping, cybersecurity, and the supply chain in Earnings Exchange before Nordstrom, CrowdStrike, and JD.com report.
3/5/202443 minutes, 59 seconds
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Apple’s Penalty & Pivot, Real Estate Risks, and 3 Buys & A Bail: Retail Edition 3/4/24

The EU slapped Apple with a nearly $2B fine on the same day the tech titan changed its messaging around artificial intelligence. We’ll break down both stories and look at how to be positioned in the stock from here. Plus, could warehouses be the next shoe to drop in commercial real estate? Our analyst has the risks and opportunities in the sector. And as investors prepare for a big week of retail earnings, our trader has three buys and a bail in the space.
3/4/202446 minutes, 57 seconds
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Riskey Business, Musk Sues OpenAI, 3 Buys & A Bail: Crypto Edition 3/1/24

New York Community Bank management described internal controls at the bank as ineffective. We’ll look at what went wrong and speak to the former chief risk officer at Discover. Plus, Elon Musk is suing OpenAI and Sam Altman, but our market guest says she’s ready to buy more Tesla shares on any perceived weakness. And we’ve got a crypto edition of 3 Buys & A Bail, following bitcoin’s monster rally this week.
3/1/202443 minutes, 51 seconds
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Playing Offense, REIT Returns, The Long Game 2/29/24

Today’s key inflation data is still ahead of the Fed’s 2% target, but that’s not stopping our market guest from finding ways to play offense. Plus, from the housing shortage, to onshoring, and America’s aging demographic, our guest has one REIT trade investors can take advantage of. And we’ve got a rare exclusive interview with the CEO of Acushnet, the parent company of Titleist, about the business of golf, what’s driving demand, and the future of the sport amidst all the uncertainty with the PGA Tour and LIV Golf
2/29/202443 minutes, 51 seconds
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Overlooked risk?, Weight-Loss Ripple Effects, Earnings Exchange: PARA, HPQ, BIRK 2/28/24

Our market guest says investors are paying too much attention to rate cuts and not enough to something else that could become a headwind for global markets. Plus, the CEO of Life Time joins us on the heels of an earnings beat with the company’s strategy amid the weight-loss drug boom. And we’re trading Paramount, HP, Inc., and Birkenstock in Earnings Exchange.
2/28/202446 minutes, 4 seconds
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Goldilocks Growth Period?, Shutdown Showdown, Earnings Exchange: FSLR, LMND, SQSP 2/27/24

Our economist says the economy is setting up for a goldilocks growth period and joins us to make her case. Plus, the countdown to a partial government shutdown is back on, and it seems that time is the biggest hold up. We’ll speak to a Washington policy analyst to explain. And we’ve got the action, the story, and the trade for First Solar, Lemonade, and SquareSpace on today’s Earnings Exchange.
2/27/202443 minutes, 45 seconds
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Stronger for Longer, Trio of Tech Trades, Earnings Exchange: LOW, ZM, WDAY 2/26/24

Economists are increasingly sure a recession can be avoided. We’ll look at what that means for the Fed’s rate cut timeline and the markets. Plus, Amazon is now part of the Dow Jones Industrial Average, and that’s one of the reasons our guest sees another 30% upside from here. And three more names on deck to report, including one our trader says has been left for dead by the market, but may still have some life left in it.
2/26/202444 minutes, 6 seconds
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Next Leg of AI Rally, Long Live Live (Nation), Ukraine War: 2 Years Later 2/23/24

Stocks are treading water after a big run. Is the AI momentum finally starting to slow or just shift to different names? Plus, Live Nation getting a lift after yesterday’s strong earnings. We’ll speak to the CEO about the quarter and the year ahead. And tomorrow marks the 2-year anniversary of Russia’s invasion of Ukraine. We’ll talk to a panel of experts about the geopolitical landscape, the Biden Administration’s new sanctions, and the outlook for defense stocks.
2/23/202445 minutes, 12 seconds
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AI Boom Buys, Read on Real Estate, Earnings Exchange: WBD, LYV, SQ 2/22/24

Nvidia proves AI can continue powering big gains and our market guest has some names he’s looking within the AI ecosystem. Plus, our housing guest has the setup for the spring selling season, and we’ll speak with the CEO whose company owns the Empire State Building. And we’re talking content, concerts, and cash in Earnings Exchange with Warner Bros. Discovery, Live Nation, and Block.
2/22/202443 minutes, 59 seconds
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Intel CEO at Foundry Event, Nvidia Earnings on Deck, and Travel + Leisure Trends 2/21/24

We’ve got a First on CNBC interview with the CEO of Intel on the heels of their big Foundry Event. Plus, how do you trade Nvidia’s earnings ahead of the tech titan’s results? And the Travel + Leisure CEO joins us fresh off the company’s latest results with the travel trends he’s seeing to start the year.
2/21/202446 minutes, 10 seconds
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Stronger for Longer, Serving Up Gains, Earnings Exchange: TOL, PANW, WING 2/20/24

What if the economy isn’t just avoiding a recession, but getting stronger instead? We’ll debate. Plus, one food stock just served up solid earnings and has been red hot, doubling off its recent low. Its CEO joins us to discuss. And our trader breaks down the narratives and numbers ahead of Toll Bros., Palo Alto Networks, and Wingstop.
2/20/202444 minutes, 17 seconds
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To Cut or Not to Cut, How AI Regulation Could Impact a Credit Score, and 3 Buys and a Bail: International Edition 2/16/24

Inflation data coming in hot yet again, so what’s next for the Fed? Moody’s Mark Zandi wants four cuts, while Wells Fargo’s Mark Smith sees the possibility of NO rate cuts in 2024. FICO’s software leverages AI to determine a customer’s creditworthiness...but there could be big changes ahead as lawmakers hash out how to regulate that tech. The FICO CEO tells us what’s next. Plus, go around the world in today’s edition of 3 Buys and a Bail. Stephanie Link gives us the trades on India, Japan, Macao and China. 
2/16/202444 minutes, 35 seconds
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The American Consumer, Nvidia vs. Tesla, Earnings Exchange: COIN, ROKU, AMAT 2/15/24

Is the American consumer finally about to crack? Our market guest says there are still ways to make money in the U.S., bring some global plays as well. Plus, retail investors are selling Tesla and buying Nvidia, but one investor says that may be about to change. And we’ve got the action, the story, and the trade for Coinbase, Roku, and Applied Materials ahead of their results.
2/15/202443 minutes, 54 seconds
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Worst-Case Scenario, Brokerage Battles, Charging Ahead 2/14/24

Will inflation resume its downward trend, or will the so-called “last mile” require a harder landing? We’ll debate. Plus, an exclusive interview with Robinhood CEO Vlad Tenev on the heels of the company’s surprise profit. And EV demand is slowing globally, but one company is looking to capitalize on that and its CEO joins us to explain how.
2/14/202444 minutes, 49 seconds
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Timeline Turmoil, Bitcoin Flowmentum, Gig Economy Earnings On Deck 2/13/24

Stocks are plunging on today’s inflation read. We’ll look at the implications for the Fed and how to position from here. Plus, Grayscale’s global head of ETFs joins us with the latest read on their bitcoin products. And a trio of gig economy stocks set to report. We’ll look at the numbers and narratives to know.
2/13/202443 minutes, 49 seconds
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Tough Earnings Setup, Super Bowl Winners & Losers, and Earnings Exchange 2/12/24

The consumer isn’t cracking yet, but one analyst says the setup for retail earnings is tough nonetheless. She joins us with the one group she says can keep the retail party going. Plus, a lot of brands spent big money during last night’s big game, but the biggest winner may have been those who spent the least. And we’re tackling three names in earnings exchange: Marriott, Vornado, and Waste Management.
2/12/202444 minutes, 5 seconds
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Chip Value Pick, Spring Selling Surprise, 3 Buys & A Bail: Big Game Edition 2/9/24

It’s been a big week for chip stocks, and while one name in the group isn’t getting a lot of attention from Wall Street, our market guest loves it. Plus, “Million Dollar Listing New York” star Ryan Serhant is here to weigh in on the spring season for housing. And we’re talking streaming, snacking and spirits in 3 Buys & a Bail.
2/9/202444 minutes, 58 seconds
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“The Magic’s Back”, Bargain Buys, Moment of “Zyn” 2/8/24

Needham is upgrading Disney to buy for the first time in five years. The analyst behind that call joins us with what’s behind the decision. Plus, the S&P is nearing a record but our guest is bargain hunting in the beaten-down parts of the market and brings us his favorite names. And Philip Morris’ fastest-growing, tobacco-free product is facing some criticism from Capitol Hill. We’ll speak to an analyst about what it means for the stock, and former FDA Commissioner Dr. Scott Gottlieb for the impact on consumers.
2/8/202444 minutes, 31 seconds
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Hidden Risks in the Regional Banks, The AI Nine, Stream Dream Team - 2/7/24

Former Dallas Fed President Robert Kaplan is here with the risks he sees in the regional banks. Plus, Goldman Sachs says forget the Magnificent 7 and makes the case for owning the AI 9. And ESPN, Fox, and Warner Bros are teaming up to launch a sports streaming service, but is it too saturated to succeed? We’ll debate.
2/7/202445 minutes, 10 seconds
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Silicon V(AI)lley, Earnings Midpoint Exchange, Market Momentum 2/6/24

VC Sam Lessin joins us amid more layoffs in tech with the themes he sees emerging in 2024. Plus, we’re halfway through earnings season and we’ve got three names on deck, including one that our trader says is a buy despite getting crushed since the pandemic. And our market guest says the stage is set for solid returns this year. He’ll tell us where he sees the most opportunities.
2/6/202443 minutes, 55 seconds
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Bet on the Bulls?, AI & H2O, New Boeing Headwinds 2/5/24

More good news on the economy coupled with more pushback on premature rate cuts from Fed Chair Powell is putting investors in a tough spot. We’ll look at how to position. Plus, a unique way to play the AI gold rush, featuring a Top-10 company on CNBC’s Just 100 List. And there’s a new quality concern for Boeing involving its supplier Spirit AeroSystems.
2/5/202443 minutes, 56 seconds
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Blowout Jobs Report, AI Lobbying Explodes, Activist Investing: 3 Bails & 2 Buys 2/2/24

If there was any hope left for a March rate cut by the Fed, today’s blockbuster jobs report put an end to that. We’ll look at what’s next and how to position. Plus, AI lobbying spiked in 2023 as companies look to influence the federal government’s upcoming guidelines. And with activist investor activity picking up, our trader tells you which stocks are a bail and the ones to pick up because of it.
2/2/202442 minutes, 50 seconds
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Fed’s Timeline Turmoil, Mag 7 Becoming Terrific 3, and Big Oil, Clorox & Skechers 2/1/24

Goldman Sachs is revising its Fed rate cut forecast. Their chief U.S. economist is here with what’s behind the call. Plus, has the Magnificent 7 become the Terrific 3? One tech investor is going that way and tell us the names he’s sticking with. And the earnings parade rolls on with ExxonMobil, Chevron, Clorox and Skechers in Earnings Exchange.
2/1/202444 minutes
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Fed Decision Countdown, Rates & The Consumer, The Tech Factor 1/31/24

We’re in the final countdown for the Fed decision, and our panel disagrees on when the Fed will cut rates and why. Plus, the ripple effects from the Fed’s higher-for-longer mantra will remain with the consumer long after they begin cutting rates. We’ll tell you some of the trouble spots to watch, though there are plenty of red flags in the most recent round of earnings. That’s the subject of today’s Earnings Exchange.
1/31/202442 minutes, 43 seconds
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Timing the Fed’s Cut, AI & Earnings, Social Media’s “Seatbelt Moment” 1/30/24

Consumer confidence is at its highest level in more than three years, but the labor market is flashing some caution signs. Former Pimco chief economist Paul McCulley will tell us when he expects the Fed’s first rate cut. Plus, we’re in the thick of earnings season with Alphabet and Microsoft earnings after the bell today. We’ll tell you what to expect. And social media CEOs could be in for a fiery hearing on Capitol Hill tomorrow. We’ll look at who’s taking the stand and who’s noticeably absent.
1/30/202444 minutes, 28 seconds
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The Fed’s Timeline, N. Carolina Cutting Coverage, CRE & The Red Sea 1/29/24

The Fed isn’t expected to cut rates on Wednesday, but our market guest says that’s a big mistake. Plus, North Carolina’s state health plan will stop paying for obesity drug coverage, and that may be good news for one company. We’ll speak with the CEO about why. And Red Sea disruptions could drive demand for one area of the commercial real estate market. We’ll connect the dots and tell you which sector.
1/29/202443 minutes, 55 seconds
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Intel Standing Pat, Inflation Situation, 3 Big Bails & a Surprise Buy 1/26/24

Intel plunging on weak guidance, but our market guest still believes in the company’s turnaround story. She’ll tell us why. Plus, we just got the last key data point on the economy ahead of next week’s Fed meeting. We’ll look at whether it’s enough to nudge the Fed toward an earlier cut. And it’s been a bad week for several high-profile names. Our trader is bailing on three of them and buying one she calls seriously cheap.
1/26/202443 minutes, 30 seconds
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Alaska Airlines Earnings Exclusive, The Names Positioned for Gains, and Chips, Cards & Chinos 1/25/24

Alaska Airlines CEO Ben Minicucci joins us for an earnings exclusive fresh off those results. His thoughts on the Boeing Max 9 turmoil and the DOJ’s stance on Alaska’s deal with Hawaiian. Plus, our market guest sees one group of stocks set to outperform despite some warning signs on the horizon. And we’ll break down three names getting ready to report in Earnings Exchange.
1/25/202446 minutes, 41 seconds
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Forgotten Stocks, Bitcoin ETF Flow Race, Small Bank Barometer 1/24/24

The so-called Magnificent 7 trade has created a lot of dislocation in the market, and our guest says that’s a good thing because it’s created a lot of opportunity. Plus, less than 2 weeks after the SEC approved spot bitcoin ETFs, there are two asset managers dominating the flow race. We’ll speak to one of them about that. And a small bank barometer with the CEOs of two regional players.
1/24/202443 minutes, 1 second
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Room to Run?, Red Sea Retail Ripples, Netflix’s Ad-vantage 1/23/24

Stocks moving lower today, but our market guests both say the bulls have the upper hand. Plus, the U.S. expanding strikes in Yemen. We have the latest and a look at the retail group most exposed to Red Sea disruptions. And Netflix is on deck to report earnings. The company may have won the streaming wars, but what about the ad wars? Ad executive Mark Douglas will weigh in.
1/23/202443 minutes, 24 seconds
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The Exchange 1/22/24

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
1/22/202443 minutes, 6 seconds
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S&P 500 Record High, Big Tech’s Big Week, and Abodes Abroad 1/19/24

The S&P 500 just hit a record high, but our market guest says the U.S. is still the place to be for stocks. Plus, a second bullish call for Apple in as many days. Evercore’s analyst will join us with the one event that could be a catalyst for the stock. And the CEO of Sotheby’s International Realty sees Americans who are still buying overseas, and will tell us where.
1/19/202445 minutes, 24 seconds
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MSCI Short Report, Contrarian Trades, The Deepfake Election 1/18/24

Spruce Point Capital founder Ben Axler joins us to defend his new short of MSCI. Plus, our market guest has three contrarian trades he says are poised to outperform. And 2024 is already being described by some as the year of the so-called “deepfake election”. We’ll look at what platforms and regulators are doing to defend our democracy.
1/18/202445 minutes, 38 seconds
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Consumer Won’t Quit, China’s Car Threat, 2024 Deal Barometer 1/17/23

The latest retail sales data coming in stronger than expected and investors are not too happy about it. We’ll debate whether rates could remain higher for longer. Plus, Chinese cars are flooding the West, but are they a real threat to American automakers? We’ll get one view from Hong Kong. And EY is launching its first-ever deal barometer and the sector where they expect to see the most M&A activity in 2024 will surprise you.
1/17/202445 minutes, 30 seconds
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Too Much Optimism?, 3 Buys & A Bail: Bank Edition, Home-Building Momentum 1/16/24

Bank of America’s survey shows overwhelming optimism for a soft landing, but Fed Gov. Waller says not so fast… We’ll look at how to position in this environment. Plus, bank earnings have felt like a gut punch according to our trader, but he’s still buying three and staying away from one. And the CEO of Taylor Morrison joins us with the pulse of the housing market.
1/16/202445 minutes, 11 seconds
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Markets vs. The Fed, Red Sea Ripples & Powering G(ai)ns 1/12/24

Encouraging signs on the inflation front. The market now sees an 80% probability of a rate cut in March. But our market guest doesn’t see that happening. He’ll tell us the other places he’s seeing opportunity. Plus, geopolitical tensions are rising. Houthi forces now vowing to retaliate to last night's US-led coalition strikes in Yemen. So what happens next? We’ll ask former NATO Supreme Allied Commander, Admiral James Stavridis. And we're heading to the intersection of AI and real estate. We’ll tell you three ways investors can take advantage of –what our guest calls– massive opportunities ahead. 
1/12/202445 minutes, 43 seconds
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Timing the Cuts, Bitcoin ETFs, Rapid Rundown 1/11/24

CPI coming in hotter than expected, pushing stocks lower as a result. Could the first Fed rate cut come later than the market expected? Plus, Coinbase CEO Brian Armstrong calls the bitcoin ETF approval a great victory, but our guest predicts the company is in for a big reality check. And a rapid rundown with the RapidRatings CEO: the names on his radar that could be headed for financial trouble.
1/11/202445 minutes, 5 seconds
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Boeing CEO Exclusive, Rate Cut Timeline, Election Year Boost? 01/10/24

Boeing CEO Dave Calhoun joins us exclusively for his first interview since a part blew off of a 737 Max 9 aircraft during an Alaska Airlines flight. Plus, our guests say the Fed’s rate cuts could come fast and furious if history is any indication. And stocks tend to outperform during an election year, but could the Fed and inflation play a unique role in this year’s campaign trail? Our guest looks at the factors in play.
1/10/202449 minutes, 45 seconds
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2024 Playbook Pivot, Live from CES!, and Turnaround Ahead? 1/9/24

Stocks struggling to extend yesterday’s gains but our strategist has one unloved part of the market he says to buy. Plus, The Consumer Electronics Show in Las Vegas is underway, and we’ll hear from the CEOs of Siemens and L’Oreal about their latest endeavors. And Elliott Management is making a billion-dollar bet on one dating company. We’ve got the details and what it reveals about activist investing in 2024.Investment Committee Disclosures
1/9/202443 minutes, 54 seconds
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Trading the 2024 Election, Stealth Rate Cut Benefits, and Railroad CEO on Southern Border 1/8/24

Citi’s best and worst performing sectors before and after a Presidential election. BMO says Fed cuts won’t be a tide that lifts all boats, especially in the retail sector. Their analyst reveals the particularly rate-sensitive names to buy now.And the CEO of the largest railcar-maker in the US weighs in on the state of freight and the impact of southern border closures. 
1/8/202444 minutes, 43 seconds
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Cuts & Concerns, Equities Excitement, and 3 Buys & a Bail: Tech Earnings Edition 1/5/24

Wall Street still sees a 70% chance of a Fed rate cut in March, but KPMG’s Diane Swonk says no way and tells us why. Plus, stocks aren’t off to a great start this year, but our market guest is excited and sees plenty of opportunities ahead. And Danielle Shay joins us with three big tech names positioned for gains into earnings, and one surprising bail for investors.
1/5/202445 minutes, 14 seconds
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Timeline Turmoil, Billion-Dollar Bet in SF, Hydration Hype 1/4/23

Is stronger-than-expected economic data throwing the Fed’s rate cut timeline into question? We’ll debate whether it’s bad news for all stocks or just the high-flyers. Plus, the promise of AI could help revitalize downtown San Francisco, and we’ll speak to one developer making a billion-dollar bet on the Golden City. And the Stanley cup craze sweeping the nation has hit Wall Street, leading one analyst to downgrade Yeti. He’ll join us to make his case.
1/4/202445 minutes, 17 seconds
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Rate Expectations, Escalating Tensions, Tech Wreck? 01/03/23

Stocks falling again after the Nasdaq’s worst start to a year since 2016. Is weak economic data the culprit? We’ll look at what’s dragging the market lower. Plus, another cargo ship attacked in the Red Sea is leading investors to worry about retaliatory attacks and the fallout for energy prices and the global supply chain. And Microsoft is nearing Apple’s market cap for the first time in a couple of decades. Is tech in trouble or is leadership just shifting? Nancy Tengler and Mark Mahaney weigh in.
1/3/202443 minutes, 52 seconds
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From the Desk of Kelly Evans: Remember "I" bonds? 1/2/23

Kelly explains the ins & outs of the fixed income market.
1/2/20243 minutes, 14 seconds
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‘Higher for longer’ for longer?, Red Sea Tensions Rise, The Risks Ahead 01/02/24

Our strategist says “higher for longer” is still very much in play and rates could spoil the party in 2024. Plus, rising tensions in the Red Sea are pushing oil prices higher. We’ll ask Atlantic Council CEO Fred Kempe whether we’re on the brink of a multi-front war in the Middle East. And Barclays becomes the fourth firm with a bearish rating on Apple. We’ll tell you why, as the stock drags the whole tech sector lower today.
1/2/202443 minutes, 58 seconds
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The Trade that Paid, Meta vs. Apple, and Three-V Buys & A Bail 12/29/23

Stick with tech in 2024, says our market guest, but not just any tech… She likes one name she’s been bullish on all year and is about to post its best year in two decades. Plus, 2024 could be the year the metaverse finally takes off! Apple is getting in the game and could change it for consumers. And a special EV edition of 3 Buys & A Bail to close out the year. We’ve got some under-the-radar names for investors to consider into the new year.
12/29/202344 minutes, 48 seconds
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2024 Opportunities, Heart-y Gains, Vice City Real Estate 12/28/23

With stocks at or near record highs, our market guest says the gains can continue and is highlighting the parts of the market that he sees as undervalued. Plus, a blowout finish for biotech stocks to end the year – we’ll speak to one CEO whose company is coming off its best day ever thanks to the success of a heart disease drug. And our latest check on commercial real estate takes us down to Miami.
12/28/202345 minutes, 32 seconds
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January Rate Cut, Pain & Opportunity, and In the Fast Lane 12/27/23

Don’t count out a January rate cut, according to one of our guests. He’ll tell us what has to happen for the Fed to pull the trigger, and what it means for the market rally if things don’t pan out that way. Plus, a trillion dollars in commercial real estate loans are set to mature by the end of next year. We’ll speak with one private credit player who says the motto for landlords is “Survive until 2025.” And Tesla’s seeing some real competition from Chinese EV maker BYD, and while shares are shrugging it off today, that may not last.
12/27/202343 minutes, 48 seconds
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Triggering the Fed Pivot, Big Biotech Buyouts, and Top 2024 Tech Picks 12/26/23

We’ve got the results of the final 2-year note auction of the year and the one key data point our market guest says will finally trigger the Fed pivot. Plus, a pair of big biotech buyouts today, including one pharma giant striking its second multibillion-dollar deal in less than a week. We’ll look at whether more M&A is on the way. And with tech stocks on track to post their best year since the turn of the century, can they avoid a sharp correction after their massive run? We’ll debate.
12/26/202344 minutes, 12 seconds
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The Tech Names ARK’s Cathie Wood is Buying Now, Two Percent is Too Late, and the Med Tech Stock with 36% Upside 12/22/23

ARK Invest’s Cathie Wood reveals the stock she’s adding back to her portfolio, along with a few other names she’s betting on for the long-term. Economist Tom Porcelli tells us why Fed rate cuts are coming sooner than later…and why two percent is too late. Plus, Insulet shares have climbed 35% since an upgrade at Jeffries. We’ve got the med tech name that analyst says is poised to run in 2024. 
12/22/202344 minutes, 11 seconds
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The Exchange 12/21/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
12/21/202344 minutes, 54 seconds
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Timing the Cuts, Office Opportunity? and Overseas Playbook 12/20/23

Rate cuts are coming – and they’re coming fast. That’s been the theme out of Wall Street so far this week, but one of our guests sees it differently. He’s not expecting a cut until the fourth quarter, but he does however see a significant slowdown ahead. Given what we just heard from FedEx, could he be right? He joins us to make his case. Plus, the office sector has been hit hard by higher rates, but one analyst says it’s also been given a rare opportunity. He joins us with what he means by that, and how you can take advantage of it. And positioning for the new year. Our markets guest is looking overseas for opportunities. She’ll tell us where and what she’s buying. 
12/20/202344 minutes, 47 seconds
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Recession Inevitable?, Pivot Positioning, and Coinbase CEO on Crypto 12/19/23

The toothpaste is out of the tube and a recession is coming, our economist says. She’ll make her case and look at the path forward for the Fed. Plus, how should investors position for a possible Fed pivot? Ariel Investments’ Charlie Bobrinskoy joins with his take on the value trade. And we’ll speak with Coinbase CEO Brian Armstrong about the recent crypto rally, the regulatory environment, and what a potential bitcoin ETF would mean for his company.
12/19/202344 minutes, 1 second
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Premature Pivot, Cheap but Controversial, Fade These Trades 12/18/23

Goldman Sachs says rate cuts are coming, but Fed officials are pumping the brakes on that rhetoric. Jefferies chief market strategist David Zervos tells us why Fed Chair Powell needs to tread carefully from here. Plus, our market guest has two areas of this rally that he says are still cheap, though one of them is quite controversial. And Carter Worth joins us with the two trades he’s fading into the end of the year.
12/18/202344 minutes, 4 seconds
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The Exchange 12/15/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
12/15/202343 minutes
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Full Steam “A-Fed”, Short Signals, Real Estate Turning Point? 12/14/23

The Dow is at a record high, while the S&P and Nasdaq are at 52-week highs, but did the Fed actually give Wall Street the “all clear?” Our economist isn’t convinced. Plus, the most heavily shorted S&P stocks are also up double-digits this month, and one equity strategist says that’s a major warning sign for the market. And mortgage rates are back below 7 percent for the first time since May. We’ll look at whether we’re on the brink of a major turning point in real estate.
12/14/202343 minutes, 19 seconds
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Countdown to the Fed Decision 12/13/23

One hour until the Fed’s decision on interest rates. What will the market be watching for from Chair Powell’s statement, and will stocks hit all-time highs as a result? We’ll get you ready for the decision and look at how to position.
12/13/202338 minutes, 53 seconds
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Soft Layover, Building Out Gains, Healthy Holiday 12/12/23

24 hours until the Fed Decision, and one economist says we’re already in a soft landing. She’ll join us to make her case. Plus, builders have proven resilient amid a challenging housing backdrop. The CEO of Tri Pointe Homes joins us with his view on the industry heading into next year. And Morgan Stanley just wrapped up its big consumer and retail conference. The firm’s lead analyst is here to tell us how to position in retail.
12/12/202343 minutes, 20 seconds
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Cut Timeline, Red(Stone) Alert, and Retail vs. Real Estate 12/11/23

This week’s big market-moving events should shed some light on when the Fed’s first rate cut could come. We’ll look at which data point you should be watching the closest. Plus, Shari Redstone reportedly in talks to sell a controlling stake of National Amusements. We’ll debate why now, and to whom. And Macy’s shares are surging on a buyout offer, but are the buyers more interested in the retail or real estate side of the business?
12/11/202345 minutes, 10 seconds
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Goldilocks Jobs Report, Beating the Market, California Forever 12/8/23

If you thought today’s jobs number was good, there’s another key number that could be even more important for “soft landing” hopes. We’ll reveal it and dig into the data. Plus, we’ll speak with one money manager whose fund is beating 99% of its peers, and ask which names are helping her beat the market. And California is in the midst of a land grab with some of the biggest names in tech taking over the state’s central valley. We’ll tell you what they want to build and where the backlash is coming from.
12/8/202343 minutes, 57 seconds
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Bond Voyage?, High-Flyer, Building on Gains? 12/7/23

Bond yields have plunged in recent weeks, but our market guest says not so fast and expects the 10-year to hit 5.5% next year. He’ll make his case and explain why he’s staying in the “no landing” camp on the economy. Plus, one airline supplier is nearing an all-time high, and is uniquely positioned to benefit from the travel rebound. The CEO joins us for an exclusive. And the Street’s #1 homebuilding analyst is out with his 2024 forecast, saying a very specific group of stocks is poised to outperform next year.
12/7/202345 minutes, 38 seconds
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The Exchange 12/6/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
12/6/202343 minutes, 58 seconds
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Cut Timeline, Drugs & Bots, Rom-Com(merce) 12/5/23

The labor market is showing slack, but when will be enough for the Fed to start cutting rates? We’ll ask Nationwide’s chief economist. Plus, CVS is going to change the way it prices prescription drugs. CEO Karen Lynch joins us exclusively with the details. And Walmart is launching a shoppable show, calling it “Rom-Com-merce”, but will it actually draw viewers? We’ll debate.
12/5/202344 minutes, 53 seconds
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What’s Driving the Rally?, Trillions to Tap, Kings of Retail 12/4/23

Gold is at all-time highs, bitcoin is at a 20-month high, but the “Magnificent 7” are underperforming. We’ll look at who’s really in the driver’s seat of this market rally. Plus, homeowners are sitting on trillions in equity, but it’s too costly to borrow…. for now. And Morgan Stanley says it’s Amazon and Walmart’s world, and we’re just living in it. The analyst joins us to make his case, and what it means for the retail landscape this holiday season.
12/4/202345 minutes, 1 second
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Soft Landing at Risk?, Stream Team?, and 3 Buys & a Bail 12/1/23

Stocks are up and bond yields are down. The S&P 500 back to levels last seen in July after Fed Chair Jay Powell said "uncertainty over the economic outlook is unusually elevated," and signaled Fed officials are done hiking. Our market guest is still bullish but also wary of the headwinds, including the one we got today: U.S. Manufacturing is still shrinking, and by more than expected. We look at this tug-of-war in stocks between weak data and a dovish Fed. Plus, a stream dream team? Two rivals reportedly bundling up. We'll tell you who, and what it would mean for the rest of the streaming landscape and consumers. And a special 3 Buys & a Bail edition with Gina Sanchez. She brings three stocks she wants for Christmas and one lump of coal.
12/1/202342 minutes, 41 seconds
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The Exchange 11/30/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
11/30/202345 minutes, 5 seconds
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The Exchange 11/29/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
11/29/202343 minutes, 11 seconds
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Data Divergence, Spending Surge, Earnings Exchange: AI Edition 11/28/23

Consumer confidence is climbing for the first time in 4 months, but some other economic data suggests a “hard landing”. We’ll look at what’s driving the divergence. Plus, Cyber Monday spending surpassed Black Friday, giving a big boost to the Buy Now, Pay Later names. The analyst who upgraded Affirm will join us with why now and what’s next. And Workday, Intuit and Foot Locker results are on deck. We’ll reveal at the AI angles Wall Street will be watching.
11/28/202345 minutes, 7 seconds
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Digging into Spending Data, Hybrids are Hot, and When Will Housing Normalize? 11/27/23

This Cyber Monday the CEO of ‘buy now, pay later’-company Klarna weighs in on the record demand for those loans as holiday shopping ramps up. And with that demand boosting Shopify’s shares by nearly 10%, we look at the other payment names that could see a positive halo effect. Plus, October’s new home sales data flashing warning signs for sellers ahead of the slow housing season. 
11/27/202344 minutes, 11 seconds
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Holiday Shopping, Spending Signals, Pandora CEO 11-22-23

People across the country gearing up for one of the busiest shopping days of the year as consumer sentiment shows signs of improvement. We’ll look at whether spending could surprise to the upside. Plus, prices for goods and services are falling, but remain above pre-pandemic levels. We’ll look at where the drops are – and aren’t – and what that signals about the strength of the economy. And could jewelry-maker Pandora benefit from the consumer shift to more affordable, lab-grown diamonds? The CEO joins us for an exclusive interview ahead of Black Friday.
11/22/202345 minutes, 45 seconds
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From the Desk of Kelly Evans: Where Things Are Getting Cheaper 11/22/23

Kelly explains fact vs. fiction when it comes to consumer prices right now.
11/22/20233 minutes, 23 seconds
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AI Sector Shakeup, Trust the Rally?, and Corporate Pensions Comeback 11/21/23

We have the latest on Sam Altman’s shocking exit from OpenAI and why it could become a legal headache for Microsoft. Plus, our market guest sees some strong technical signals that the rally is here to stay despite today’s weakness. And should corporate pensions make a comeback? Our guest says we’re already seeing a renaissance and it’s even good for corporate budgets. He’ll join us to make his case.
11/21/202344 minutes, 52 seconds
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The Exchange 11/20/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
11/20/202346 minutes, 14 seconds
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Musk’s Mess, Lost the Recession Battle?, and E-Commerce Cold War 11/17/23

Elon Musk once again in hot waters over his tweets, and his own company is back in damage control to reassure advertisers. We’ll look at the fallout for both parties. Plus, has the Fed won the inflation fight but lost the recession battle? We’ll debate. And China’s cheap retail apps are playing by different rules and gaining market share from U.S. brands. We’ll look at the names most at risk, and the ones actually benefitting from it.
11/17/202344 minutes, 55 seconds
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The Exchange - 11/16/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
11/16/202345 minutes, 43 seconds
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Nadella, Biden & Xi and Swagel 11/15/23

He was just on stage at Microsoft’s Ignite event, he's going to get on a plane to meet with President Xi, but first, he joins us live on this show. Microsoft's Satya Nadella on the company's big chip announcement, AI, China, and much more.And speaking of China – we're moments away from the first live pictures of President Xi and President Biden. Both countries competing for the global future, and one of our guests says if you take a clue from recent Xi speeches, a showdown of historic dimensions could be ahead.Plus – he tells Congress how much its laws will cost the country, and with two days until the government runs out of money once again, we'll speak live with CBO Director Phillip Swagel about what's at stake and what needs to change to get America's fiscal health in order. 
11/15/202352 minutes, 55 seconds
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Market Rallies on CPI Data, Emerging Market Opportunities, and Weight-Loss Winner 11/14/23

Did today’s CPI number cement the end of the rate hike cycle? We’ll ask our economist if it’s enough to move the Fed to the sidelines. Plus, veteran emerging-markets investor Mark Mobius joins us with what part of the world he’s most bullish on (Hint: It’s NOT China!) And weight-loss drugs have weighed on the food stocks, but one analyst sees 20% upside in a name thanks to its protein portfolio and joins us to maker her case.
11/14/202343 minutes, 33 seconds
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Shutdown Countdown, Thawing Tensions, and Consumer Baggage 11/13/23

We’re days away from a government shutdown, and that could put Thanksgiving travel in jeopardy, but we’ll look at why some analysts are more positive a deal will happen now. Plus, a lot has happened since the last time Chinese President Xi was in the U.S., but the tone from China toward American companies seems to be shifting. We’ll dig into what that means for the market, and who else could benefit. And we’ve got the debut of a new real-time gauge of how the consumer is really doing.
11/13/202344 minutes, 39 seconds
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San Francisco Fed Pres. Mary Daly, Holiday Spending Squeeze, and the Experience Economy 11/10/23

San Francisco Fed President Mary Daly joins us exclusively, on the heels of Fed Chair Powell saying the central bank is “not confident” it has done enough to bring inflation down. Plus, how much will macro headwinds weigh on consumer spending this holiday season? Bank of America’s retail analyst gives us her preview. And Tripadvisor’s CEO is here with his outlook on the holiday travel season, and the growth the company is seeing in the “experience economy.”
11/10/202348 minutes, 14 seconds
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Catalysts & Concerns, Debut Drought, and the Electric Butterfly Effect 11/9/23

Stocks plunged on the 30-year bond auction results. We’ll digest them in real-time and look at where markets could go next. Plus, things are quiet on the IPO front during what’s historically a busy time. NYU Professor Aswath Damodaran joins us with his take on valuations and market conditions. And a surprising loser from the energy condition could be the agricultural industry. We’ll look at why and how to position.
11/9/202344 minutes, 50 seconds
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Fed Fallacy?, Health of Housing, and Bellwethers on Deck 11/8/23

Should the Fed get credit for the fall in inflation? Jefferies chief market strategist David Zervos joins us with his take. Plus, two ways to play the trend of people being stuck in homes they bought with low mortgage rates. We’ll talk to two CEOs with a front-row seat to that trend. And Disney, Affirm, Instacart, and Arm are on deck with results. We’ll get the action, the story, and the trade in Earnings Exchange.
11/8/202344 minutes, 30 seconds
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Credit Concerns, Concerts & Conventions, and Everything is “Paw-some” 11/7/23

The NY Fed’s newest report shows delinquencies are rising quickly in some areas, but our market guest is looking at another indicator she says suggests a rough holiday quarter ahead. We’ll look at what it is, and which market strategy to deploy into year-end. Plus, one lodging REIT just posted a solid quarter on the strength of corporate travel and conventions. The owner of the Grand Ole Opry joins us for an exclusive interview. And pet spending is still going strong. The CEO of Freshpet joins us on the heels of earnings with the stock up 20 percent in one week. 
11/7/202343 minutes, 46 seconds
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Yielding Problems, Buy or Beware, Private Credit Concerns

Falling yields means good news AND bad news for the Fed and markets. We’ll look at why and how to position. Plus, do lower rates mean better prospects for the housing trade? Our analyst says yes, even with recession risks growing. And despite rising concerns about defaults in the private credit space, the market keeps growing. We’ll talk to one of the big lenders in the space about rates, returns, and recession risk.
11/6/202343 minutes, 52 seconds
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From the Desk of Kelly Evans: Could corporate pensions save America? 11/6/23

Kelly explains why pensions plans could offer a creative way out of the country's long-term fiscal problems.
11/6/20233 minutes, 51 seconds
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Rally, Set, Go?, Read on the Consumer and Themes & Trades 11/3/23

Did today's jobs report just cement the end of rate hikes? The market may be cheering the softer-than-expected numbers, but KPMG’s Diane Swonk says not so fast. Plus, one fast casual food stock is having a good week, but earnings were a mixed bag. The CEO joins us with what he’s seeing from the American consumer. And from China, to rates, to jobs and energy – it’s a special edition of Three Buys and a Bail. We’ll take a look at the week’s big themes, and make a trade for each.
11/3/202345 minutes, 31 seconds
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The Exchange 11/2/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
11/2/202344 minutes, 57 seconds
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CNBC Special: The Fed Decision 11/1/23

We have special coverage of the Federal Reserve’s decision on interest rates, live from Washington, D.C, featuring the fallout for stocks, bonds, the economy, and the consumer, as well as the view from Congress with Rep. Brad Sherman (D-CA) and Sen. John Kennedy (R-LA). Plus, we’re joined by one strategist on how to position your portfolio for any policy scenario ahead of a potential government shutdown.
11/1/202346 minutes, 28 seconds
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Countdown to the Fed Decision, Rising Rate Play, and the ‘Scariest’ Bear Cases in Tech 10/31/23

Just over 24 hours until the Fed’s decision on interest rates. We look ahead to tomorrow’s meeting and the fallout for stocks and bonds. Plus, mortgage rates remain near multi-year highs, but that’s a silver lining for the nation’s largest home-loan service. The CEO will join us with his read on the health of housing. And in the spirit of Halloween, we’re looking at the scariest hypothetical bear cases in tech.
10/31/202343 minutes, 28 seconds
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Slowdown Low-down, XPO’s Big Beat, Scary Consumer? 10/30/23

We have fresh signs that the economy is slowing, and hedge fund manager Kyle Bass says things are about to slow a lot more from here. He’ll join us with the biggest risks and opportunities he sees in the market right now. Plus, XPO shares are soaring on the back of earnings. The CEO is here with his read on the freight market. And the CEO of Spirit Halloween joins us ahead of the big day with his take on the consumer, commercial real estate, and the trends he’s seeing this year.
10/30/202350 minutes, 21 seconds
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Data Delusion?, The View from Vanguard, and Health of Housing 10/27/23

Our panel debates the latest economic data, and whether it suggests the consumer is not as strong as investors think. Plus, a rare and exclusive interview with Vanguard CEO Tim Buckley on how he’s approaching the market, as the world’s second-largest asset manager. And how are homebuilders navigating this new high-interest-rate environment? We get the read on housing from the CEO of Tri Pointe Homes, fresh off their results.
10/27/202345 minutes, 19 seconds
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The Fed’s Next Move, Buy or Beware?, and Rate Resilience 10/26/23

The latest data show the economy remains resilient – and so does the consumer. What does it all mean for the market and the Fed? We speak with one economist about her forecast. Plus, our market guest says the recent pullback in tech provides a good entry point, but there’s one way to play it. He’ll tell us how, and what else he’s buying outside of tech right now. And Empire State Realty Trust’s CEO joins us fresh off earnings with what’s driving the stock higher, and his read on the New York City commercial real estate market.
10/26/202344 minutes, 43 seconds
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Can You Hear Me Now, Downturn Resiliency, and Get the Government 10/25/23

Three months after a bold call, our market guest rejoins us to take a “quarter-victory lap” and look ahead to the next opportunity. Plus, we’ll speak with the CEO of one travel company that’s benefitting from one key consumer trend that they expect to withstand an economic slowdown. And while homebuilders have been buying down mortgage rates to make homes more affordable, the calls for the government to step in are getting louder. Our strategist tells us how that approach would work and how likely it is to actually happen.
10/25/202345 minutes, 51 seconds
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Hedge Hawk, 100% Wrong?, and Good Problems 10/24/23

Pershing Square’s Bill Ackman covered his bet against bonds, but our market guest is not buying into that move. Plus, JPMorgan Chase CEO Jamie Dimon says central banks have been “100% dead wrong” on economic forecasts and it doesn’t matter if the Fed hikes again. Is he right? We’ll ask former Fed vice chair Randy Quarles. And Microsoft, Alphabet, and Visa are on deck with results. Our trader says one of them has a lot of problems… but good ones. He’ll explain in Earnings Exchange.
10/24/202345 minutes, 37 seconds
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Equity-like Returns, Fiscal Dominance, and Commercial Real Estate Pivot 10/23/23

A big drop in bond yields after the 10-year started the day back above 5%, but the recent climb led our portfolio manger to say bonds can achieve equity-like returns over the next 18 months. She’ll tell us where she’s seeing opportunities now. Plus, one economist is sounding the alarm that government spending could overwhelm the Fed’s inflation fight. And the co-CEO of Morgan Stanley’s real estate arm is here to break down her strategy in the face of higher yields – and what she’s seeing for opportunities overseas.
10/23/202343 minutes, 48 seconds
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From the Desk of Kelly Evans: Who's the PIIG now? 10/23/23

Kelly discusses trouble brewing in the banking system.
10/23/20234 minutes, 41 seconds
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Yields Hit 5%, Now What? The Data the Fed Should be Using, and Harker’s Case Against Rate Hikes 10/20/23

The yield on the 10-year note hit 5% for the first time in 16 years, a five-star fund manager gives us his duration timeline. Why consumer is even stronger than you may think, and the hidden tax break for homeowners. Plus, Philly Fed President Patrick Harker has a very specific reason for keeping rates where they are. 
10/20/202343 minutes, 17 seconds
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From the Desk of Kelly Evans: The Fed has THREE mandates 10/20/23

Kelly explains why the Fed has obligations beyond its "dual mandate.”
10/20/20234 minutes, 9 seconds
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The Exchange 10/19/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
10/19/202349 minutes, 47 seconds
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The House Divided, Biden’s Israel Visit, and Regionals & Rates 10/18/23

The House divided. Jim Jordan comes up short in his second vote to secure the Speaker gavel. A top Republican strategist tells us how this should really be resolved. Plus, President Biden visits Israel. He’s pledging an "unprecedented" support package for the country...even as Congress remains leaderless. And have you seen what's happening with bond yields?  It's a major headache for banks – and the CEO of Hancock Whitney says that the historic move in yields is pressuring both consumer and commercial loan demand. He joins us to discuss.
10/18/202347 minutes, 15 seconds
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What’s Next for Yields, Sentiment Slump, Salaries Surge 10/17/23

Better than expected economic data is pushing yields back toward their recent highs. We’ll ask our strategist how he’s adjusting his portfolio. Plus, homebuilder sentiment sliding to 10-month lows, but our analyst is staying positive ahead of next week’s earnings and tells us why. And salaries could be higher for longer – keeping the Fed in that mode as well. 
10/17/202347 minutes, 56 seconds
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The $630B Question, The Bitcoin Binary, and Earnings Exchange 10/16/23

Is inflation blinding investors to a potential fiscal crisis? We have two heavyweights on the controversial topic. Plus, bitcoin crossing above $30,000 for the first time in months. We’ll ask former CFTC Chairman Tim Massan about the path forward for regulation. And the second half of big bank earnings are on deck tomorrow. We have the action the story and the trade on two big names, plus Johnson & Johnson and Lockheed Martin.
10/16/202344 minutes, 21 seconds
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Seeking Safety, Crude’s Climb, Curbing the Run in Rates 10/13/23

Stocks are struggling, and gold is rallying as investors seek safety. Plus, oil climbing as the U.S. tightens sanctions against Russia. And mortgage rates are near 23-year highs, leading one former Obama official to suggest the government step in and curb the run in rates.
10/13/202345 minutes, 52 seconds
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The Exchange 10/12/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
10/12/202344 minutes, 58 seconds
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The Exchange 10/11/23

10/11/202352 minutes, 30 seconds
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Israel-Hamas War, The Hunt for Yield, and Leaderless House 10/10/23

We’re breaking down the geopolitical fallout from the Israel-Hamas war ahead of President Biden’s speech. Plus, could the 10-year yield be headed to 4% as the “earnings recession” is about to end? We’ll debate. And what are the consequences of a House of Representatives with no Speaker? AEI’s James Pethokoukis joins us to dig into that.
10/10/202345 minutes, 1 second
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Geopolitical Turmoil, Peltz vs. Disney, and Utilities Opportunities 10/9/23

Stocks stage a reversal this hour as Israel’s conflict with Hamas enters its third day. We’ll look at what the unrest means for the region and for energy prices. Plus, activist investor Nelson Peltz is reigniting his proxy fight with Disney. And one analyst says investors should “close their eyes and buy” some utility stocks. She’ll join us with her top picks.
10/9/202345 minutes, 11 seconds
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Reversing Course, Mortgage Mania, and Airlines Grounded 10/6/23

Stocks are staging a big reversal since this morning’s jobs report. We’ll look at the implication for yields and your money. Plus, mortgage rates are shooting higher, nearing 8 percent. And with earnings season around the corner, one analyst is slashing his estimates and price targets on a number of headwinds. He’ll join us to make his case.
10/6/202341 minutes, 26 seconds
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The Exchange 10/5/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
10/5/202343 minutes, 23 seconds
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Fed Fallacy?, Rising Rates Bail, and Two Cents on the Dollar 10/4/23

The one weapon the Fed has to pull off a soft landing could be backfiring. Companies with a ton of debt could be dead on arrival in this new high-interest-rate environment. And Chartmaster Carter Worth joins us to chime in on the Dollar as it hits an 11-month high.
10/4/202345 minutes, 55 seconds
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Crypto & Consumers, $9B AI Tool, Weighing the Trades 10/3/23

Two big legal cases concerning the fate of FTX founder Sam Bankman-Fried and the CFPB. We’ve got the latest developments on each. Plus, is Microsoft’s new $9B AI tool worth the hype? And the weight-loss drug boom is having major ripple effects on stocks. We’ll look at one buy and one bail as a result of the craze.
10/3/202345 minutes, 3 seconds
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Bond Voyage, Trash Talk, Take Shelter 10/2/23

The 10-year yield is hitting its highest level since 2007, and our market guest still sees opportunities in bonds ahead of a recession. Plus, Birkenstock is preparing for its IPO. VC Sam Lessin joins us with what the IPO market means for Silicon Valley and beyond. And a bullish call on a housing name one analyst says is well positioned for a slowdown.
10/2/202344 minutes, 30 seconds
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It Might Just Be the Everything Shutdown 9/29/23

With the government just two days away from a shutdown, we look at how it could impact everything from economic data to the IPO market. EV manufacturing one of the issues driving the UAW strike, and it could have big implications not just on the big three, but Tesla too, according to Barclays. Plus, a key childcare pandemic subsidy also expiring this weekend, which could have a big impact not just on daycare centers, but the US economy.
9/29/202343 minutes, 34 seconds
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Charting Returns, Strikes & Stocks, and Demand Destruction 9-28-23

The biggest returns against a backdrop of soaring yields and oil prices, according to one 5-star fund manager. Plus, another strike looms over the economy – this time in the health care space. We’ll speak with the union rep about the negotiations and look at the stocks that could be at risk. And on private lender sees “demand destruction” the current environment. He’ll join us from CNBC’s “Delivering Alpha” to explain.
9/28/202344 minutes, 41 seconds
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The Value Names to Buy Now, Cannabis and Capital, and the Everything Shutdown 9/27/23

Value has taken a back seat to growth for the past 15 years, but the tide may be turning—we get the names to buy and hold onto for the long-term. The Senate Banking Committee passes a key piece of legislation for the cannabis industry. Plus…is the government shutdown about spending? Border security? The war in Ukraine? Why one policy analyst calls this the “Seinfeld shutdown.”
9/27/202343 minutes, 30 seconds
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Economic Pressure Points, Real Estate Magnate Don Peebles, and Consumer Credit Risk 9/26/23

Between rising rates, the UAW strike, and a potential government shutdown, we’ve got every economic pressure point covered for investors. Plus, real estate magnate Don Peebles joins us to weigh in on the health of the housing market and commercial real estate, including the one city where he’s waiting to see a wave of defaults before buying up properties. And Bank of America is slashing their estimates on a pair of department stores on rising consumer risks. You won’t believe the shocking numbers behind these retailers’ revenues.
9/26/202350 minutes, 5 seconds
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The $2 trillion deficit: how did we get here? 9/25/23

Kelly opines on the soaring national debt. 
9/25/20233 minutes, 39 seconds
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Who is really raising rates in Washington? 9/25/23

Kelly explains why the Fed isn’t to blame for interest rates rising here.
9/25/20234 minutes, 7 seconds
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Shutdown Showdown, Hospitality Headaches and Jeff Currie’s Exit Interview 9/25/23

With just days until a government shutdown, Raymond James’ Ed Mills takes a look at the potential impact on both stocks and bonds. Nevermind the office space, here’s the hospitality industry. Why hotels could be the next commercial real estate headache. Plus, Goldman’s Jeff Currie makes the bullish case for copper and oil in his last on-air interview while at the firm. 
9/25/202344 minutes, 45 seconds
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Perfect Storm for Private Equity, UAW Expands its Strike, and In Da Club-onomics 9/22/23

There’s a perfect storm brewing for private equity as rates continue to rise, according to Dan Rasmussen. The UAW expands its strikes at GM and Stellantis facilities, the impact that could have on both production and share prices. Plus, if you’ve got a spare $200k, NYC has a club for that. We go inside the rapid rise of high society’s private clubs. 
9/22/202347 minutes, 59 seconds
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From the Desk of Kelly Evans: The Less United Nations 9/22/23

Kelly explains why the U.N. General Assembly meeting might be losing its political luster.
9/22/20234 minutes, 47 seconds
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Wrong Answer, Stocks Stalling, DTC Divergence - 9/21/23

Legendary economist John Taylor joins the show to weigh in on how the Federal Reserve should grapple with the glut of government debt that seems to be pushing yields higher. Plus, with stocks stalling and yields at multi-year highs, is the bond market the place to be buying right now? We’ll debate. And Klaviyo’s debut could be an opportunity to invest in the DTC space… one analyst joins us to make his case.
9/21/202347 minutes, 16 seconds
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The Fed Decision: Live from Washington, D.C. 9/20/23

We’re live in Washington, D.C. ahead of the Federal Reserve decision on interest rates. And while the Fed is expected to pause, there is plenty of uncertainty around labor strikes, rising energy prices, and a looming government shutdown. We’ll look at what it all means for investors and consumers as rising rates take a bite out of their buying power.
9/20/202347 minutes, 28 seconds
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From the Desk of Kelly Evans: Is Trouble Brewing for Private Equity? 9/20/23

Kelly explains why private equity could find itself becoming a casualty of the Fed’s rate hikes.
9/20/20234 minutes, 29 seconds
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The Exchange 9/19/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
9/19/202345 minutes, 23 seconds
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Fantasyland, The Perfect Storm, Window Closing 9/18/23

Yields on the move ahead of Wednesday’s Fed meeting and our market guest warns that it’s NOT good news for stocks, saying anyone who thinks otherwise is living in fantasyland. Plus, what impact will the strike have on the economy? Rapid Ratings’ James Gellert joins us with the perfect storm he sees forming on the horizon. And one media analyst says the window for Disney CEO Bob Iger to get a good deal for ABC may be closing. He’ll join us to explain.
9/18/202343 minutes, 29 seconds
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Strike Ripples. Returns Getting Harder, 3 Buy & a Bail IPO Edition 9/15/23

Mary Barra says she put a historic offer on the table, but UAW workers disagree, and instead, have now begun a historic strike. There will be ripple effects throughout the economy. We’ll have the latest, and look at just how wide those ripples could get. Plus, our market guest says he still sees gains ahead but they will be much harder to come by from here. He joins us to explain how to find them, and the names he’s buying right now. And on the heels of ARM’s big trading debut, we have a special three buys and a bail—2023 IPO edition. 
9/15/202347 minutes, 29 seconds
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From the Desk of Kelly Evans: China Looms Over the Autoworkers' Strike 9/15/23

Kelly explains why we’re at one of the biggest inflection points the auto industry has ever seen.
9/15/20235 minutes, 43 seconds
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From the Desk of Kelly Evans: Boring IPOs are better IPOs 9/14/23

Kelly explains why a lot of hype isn’t always best when it comes to IPOs – especially these days.
9/14/20233 minutes, 31 seconds
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The Right to Buy Arm(s), Softbank’s Pricing Problem, and Fast Casual Winners 9/14/23

Shares of Softbank’s chip company, Arm, higher in their public debut…we discuss what it means for the likes of Instacart and Birkenstock’s impending offerings. But NYU’s Aswath Damadoran says he’s “skeptical of anything they touch,” warning about Softbank’s tendencies to overprice and underdeliver.Plus, fast casual restaurant stocks have been beaten up as of late, but Raymond James has names they say are poised to break out. 
9/14/202345 minutes, 3 seconds
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It’s the Economy, Stupid, The Case for $100 Oil, and Developing San Francisco 9/13/23

Core inflation coming in a little hotter than expected in August, but the street taking it in stride. If we’ve exited what one economist calls ‘the regime of high inflation,’ what should investors be watching now? And speaking of a bump in inflation, Bank of America sees $100 oil as a possibility by year-end. Plus, buying buildings at land prices…a West Coast-based commercial real estate developer tells us what he’s got planned for San Francisco.
9/13/202343 minutes, 28 seconds
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From the Desk of Kelly Evans: CPI takes a backseat 9/13/23

Kelly explains why the inflation data doesn’t matter the way it once did.
9/13/20233 minutes, 31 seconds
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Apple’s Big Event, CNBC’s Top Financial Advisor’s Best Ideas, and Needham’s Tesla Caution 9/12/23

Apple debuts its iPhone at its flagship event in Cupertino. CNBC’s annual top Financial Advisors list is out and the #1 advisor joins with his best small cap buys now. Plus, Morgan Stanley’s all in on Tesla, but Needham says not so fast. 
9/12/202344 minutes, 3 seconds
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Chips & Channels, IPO Crystal Ball, and China Conundrum 9/11/23

Two deals dominating the news: Apple & Qualcomm and Disney & Charter. We’ll bring you the headlines and what it means for investors and consumers. Plus, Instacart’s valuation falling to a fraction of what it was just a couple of years ago. And finally, some signs of life for China’s economy! Are the concerns about its looming collapse overblown? We’ll debate. 
9/11/202343 minutes, 52 seconds
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The Exchange 9/8/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
9/8/202343 minutes, 32 seconds
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From The Desk of Kelly Evans: The Strange Celebration of the Slowing Economy 9/8/23

Kelly explains why when it comes to economic data, caution should still be the order of the day.
9/8/20233 minutes, 35 seconds
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Behind the Ban, Seeking Support, Spending Slowdown 9/7/23

Apple falling as China could reportedly widen their iPhone ban to state-owned enterprises. We’ll look at the fallout for Apple with a live report from Beijing, and a look at the technical levels, with shares seeking support amid their worst 2-day drop in nearly three years. And is energy’s gain retail’s pain? Gas prices are higher than usual for this time of year and that could eat into discretionary spending. We’ve got both sides of the story on today’s show.
9/7/202344 minutes, 30 seconds
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Why Now, Gatekeeping & Government Bans, and a TV Tipping Point 9/6/23

Are rising interest rates suddenly bad news? All year long, equities have largely shrugged off climbing rates - but this week seems different. Yields popping again today on the back of another round of strong economic data. And just like yesterday, that's sending stocks lower. So why are investors sounding the alarm now? Plus, Apple shares are lower on a one-two punch overseas. The E.U. naming it one of six digital "gatekeepers," while China bans government officials from using iPhones at work. Is it a minor inconvenience or just the state's first salvo against the company? Analyst Toni Sacconaghi weighs in. And have we finally reached the television tipping point? Why the fight between Disney and Charter Communications could be the beginning of the end for linear TV as we know it.
9/6/202344 minutes, 27 seconds
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Sweet or Sweat Spot, Key Trend to Watch, and Risky Business 9/5/23

Goldman Sachs slashing their recession odds and one Fed Governor says we’re coming off “a hell of a good week of data.” We’ll debate what it all means for the Fed’s next move. Plus, the key trend our market guest says poses a threat to stocks AND the Fed’s 2% inflation target. And more homeowners are bailing on home insurance, but not because they can’t afford it.
9/5/202344 minutes, 46 seconds
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Goldilocks Jobs Report, Housing Inflection Point, 3 Buys & a Bail 9/1/23

A “Goldilocks” jobs report sent stocks higher initially, but our economist warns that a recession coming, and investors better be ready for it. Plus, home prices hit an all-time high in July but there are signs of a top coming. We have the signals that need to be on your radar. And a special 3 Buys & A Bail: Fed Playbook Edition, featuring the stocks to buy in each rate-hike scenario.
9/1/202344 minutes, 23 seconds
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No Surprise, Sentiment Slump, Semiconductor Strategy 8/31/23

JPMorgan Chase’s chief economist joins us after a ‘no surprise’ reading from today’s inflation print. He’ll give us his read on the numbers and what they mean for the economy. Plus, recruiter sentiment falling to a record low – we’ll look at the industries in demand ahead of tomorrow’s jobs report. And semiconductors take center stage this afternoon with Broadcom and VMWare reporting after the bell. We have the numbers and narratives to know in Earnings Exchange.
8/31/202343 minutes, 54 seconds
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Jury Duty Market, Crypto Court Decision, and Privacy, Pets & Pricing 8/30/23

The latest round of economic data shows signs of the cooling the Fed is hoping for, but that's not enough to convince our strategist that the U.S. can avoid a recession. He’ll explain why he says stocks are in a 'jury duty market'. And we're one step closer to a spot bitcoin ETF thanks to yesterday's federal court decision. The chief policy officer of Coinbase joins us for an exclusive interview. Plus-- privacy, pets and pricing.  We'll tackle Crowdstrike, Chewy and Dollar General in today's Earnings Exchange.
8/30/202345 minutes, 40 seconds
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Positioned for Gains, The First Ten, and Health of Housing 8/29/23

Consumer confidence is down but our market guest is staying positive on the markets and has one group of stocks she says is poised to benefit. Plus, the list of the first 10 drugs targeted for Medicare negotiations is out, and former FDA Commissioner Dr. Scott Gottlieb is warning of unintended consequences. And on the heels of the latest Case-Shiller housing report, Yale Professor Robert Shiller joins us to discuss the findings and where housing prices could go from here. 
8/29/202344 minutes, 27 seconds
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Key Ticker, National (In)security & Earnings Exchange 8/28/23

Nvidia, check! Powell, check! PCE and jobs on deck. And if you want to figure out where markets go from here, there's one index our guest is watching closely for clues. She joins us with the ticker and the trades she likes. Plus, from the economy to national security. It's complicated, and costly when it comes to U.S.-China relations. Fixing one of the main concerns could come with a $40 billion price tag. And finally, NIO is getting ready to report Q2 results as the China EV race heats up. We have the action, the story and the trade on that name, plus two retailers on deck. 
8/28/202343 minutes, 49 seconds
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Powell Stays Hawkish, Injectables Boost Profits, and Zillow Home Loan’s 1% Down Payment 8/25/23

Powell sticking to his 2% inflation target and slightly hawkish stance at Jackson Hole, but one economist says it won’t be rate hikes that get us there.Packaging company Aptar Group seeing a 50% spike in sales in its pharma sales business last quarter, thanks to rising popularity of drugs like Wegovy and Ozempic…the CEO joins us to discuss. Plus, Zillow Home Loans launching a loan for qualified borrowers requiring just 1% down payment to help more potential homebuyers break into the market. A fix for affordability or a recipe for a mortgage meltdown?
8/25/202343 minutes, 27 seconds
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Jackson Hole Kicks Off, Nvidia’s Blowout Quarter, and Splunk Makes a Splash 8/24/23

The countdown for Fed Chair Powell’s speech is on, and we’ve got the headlines emerging from Jackson Hole ahead of tomorrow’s big event. Plus, Nvidia hitting a new all-time high after its latest blowout quarter. We’ll do a deep dive on the numbers. And Splunk’s CEO joins us exclusively to recap the quarter and look ahead to AI’s impact on the cloud business.
8/24/202344 minutes, 13 seconds
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Tech’s Make-or-Break Moment, Office Pain to Gain, and La-Z-Boy CEO Exclusive 8/23/23

Can Nvidia beat expectations tonight? Our trader looks at the implications for the market and whether the AI boom is starting to cool. Plus, New York City is planning to rezone part of Midtown Manhattan to address the housing crisis. We’ll speak with one company providing the financing for conversion projects. And on the heels of La-Z-Boy’s results, the CEO joins us with her view on the health of the consumer and macro environment.
8/23/202344 minutes, 20 seconds
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Sticking Point for Stocks, Shutdown Showdown, and Pricing Power Play 8/22/23

Soaring bond yields are worrying investors, but our strategist says this surge has him worried about a correction. Plus, ready or not, here comes another government shutdown showdown, and Goldman says it’s likely to happen in the coming months. We’ll look at the fallout for the Fed. And UBS is upgrading one company on its pricing power potential. The analyst behind that call joins us to make his case.
8/22/202343 minutes, 49 seconds
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Rising Rates & Risks, China's Troubles, and The Read on Retail 8/21/23

As yields hit historic highs, we'll look at how it impacts your money and the Fed's next move. And with China's central bank somewhat surprising investors overnight - we've got the impact on investors in the U.S. Plus, the read on retail for three names on deck with earnings: Macy's, Baidu, and Lowe's.
8/21/202343 minutes, 44 seconds
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Bond Voyage, Brace or Embrace, and 3 Bails & A Buy 8/18/23

Just as important as the jump in bond yields this week, is the question of why this is happening now. For good reasons, like better economic growth? Or for bad reasons, like too much supply and central banks losing control? We'll look at what's been driving these moves, and where you can find the best value, right now. Plus, some major earnings drama. Shares of Palo Alto Networks have dropped 17% since their company's unorthodox decision to hold their earnings call today – a Friday – after market close. Dan Ives calls it a PR disaster. But one analyst calls it a super fun summer Friday! He's not worried, has a buy on the stock, and sees a 30% upside from here. And finally, one big-name investor drastically upped his stake in a high-profile name, but one of our traders says don't follow his lead. A special 3 Bails & A Buy: 13F Edition is coming your way.
8/18/202344 minutes, 47 seconds
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From the Desk of Kelly Evans: The "Lazy Girl" Investment Strategy 8/18/23

8/18/20234 minutes, 7 seconds
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A Tale of Two Retailers, Goodwill CEO, and Mike Novogratz Live 8/17/23

Target and Walmart reporting two very different quarters, and with student loan payments set to restart soon, we’ll look at the names best positioned. Plus, the CEO of Goodwill joins us on National Thrift Shop Day with a look at the economics behind second-hand shopping. And Galaxy Digital’s Mike Novogratz is here with his latest read on the market, crypto, and the Fed’s next move.
8/17/202344 minutes, 49 seconds
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Don’t Count on Cuts, Health of Banks, Housing Hedge 8/16/23

Don’t bet on the Fed cutting rates anytime soon, says our market guest. She’ll tell us where she’s finding opportunities. Plus, the CEO of Jack Henry joins us on the heels of earnings with a look at the health of the banks and why their stock is the worst name in the S&P 500 today. And as rates keep rising and mortgage demand drops, there’s one housing name positioned to benefit from the environment. The CEO joins us ahead.
8/16/202343 minutes, 2 seconds
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No Landing No-Kay!, Downgrades Ahead, Health of Housing 8/15/23

The Fed needs the economy to soften but today's retail data showing no signs of it. We look at why this could become a problem for the Fed and how you want to be positioned in this market right now. Plus, Fitch warning of possible downgrades ahead including big ones like JPMorgan Chase. Does this latest credit warning carry more weight? And homebuilder sentiment is dropping sharply. We’ll speak with a builder about what he sees ahead. 
8/15/202343 minutes, 58 seconds
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The Exchange 8/14/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
8/14/202344 minutes, 27 seconds
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China’s Sluggish Recovery, Hire Education, and Soft Landing Save? 8/11/23

Chinese property giant Country Garden issuing a profit warning amid a decline in real estate sales, we have the latest details and the trade on the Chinese consumer slowdown. With the health care industry facing a critical worker shortage, the CEO of Adtalem Global Education, specializing in medical post-secondary ed, discusses what needs to be done to fill those positions. And recession rescue…a University of Chicago Booth School of Business professor reveals the current phenomenon he thinks will spare the US from a hard landing. 
8/11/202344 minutes, 56 seconds
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Sell-off Watch, Ad-vantaged, Cyber Pains & Gains 8/10/23

Markets are breathing a sigh of relief on weaker-than-expected CPI data, but our market guest says don’t get too complacent and sees inflation rising again before year’s end. Plus, Disney is taking a page out of Netflix’s playbook on passwords, but is it too late to turn things around on streaming? We’ll look at some potential suitors primed to take it over. And the CEO of Cyberark joins us on the back of a big earnings beat and guidance hike with the threats he sees in the space as states like New York boost their security spending.
8/10/202344 minutes, 33 seconds
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Tug of War, Stifel CEO Exclusive, and Keeping It Clean 8/9/23

Crude prices are hitting their highest level of the year and our guest says ‘watch out’ because oil could push US inflation higher again even as deflationary trends emerge out of China. Plus, Stifel’s CEO joins us with his view of the headwinds facing banks and where the US economy could go in the next 6-9 months. And we talk to the head of a company that governments rely on to help clean up environmental disasters, and whose stock is moving higher on earnings.
8/9/202344 minutes, 58 seconds
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Credit Crunch, Winners & Losers, Cost of Care 8/8/23

Moody’s is downgrading several US banks and warning more could follow, but private credit is stepping in to fill the lending gap. We’ll speak with the CEO of one company which says it’s poised to benefit. Plus, big pharma seeing big gains thanks to the obesity drug boom. We’ll look at the four names in the food ecosystem that stand to gain and lose the most. And the cost of childcare continues to rise, but affordability is key to growing the economy according to a former Fed official. We’ll speak with the CEO of Bright Horizons about what it’ll take to bring costs down.
8/8/202343 minutes, 52 seconds
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The Potential for Cuts, ADP vs. BLS, Health of Housing 8/7/23

From rate hikes to cuts by next year? The NY Fed’s John Williams suggests that prospect in a new interview. We’ll look at what that could mean for inflation and the markets. Plus, is the labor market actually stronger than it appears? The debate between the ADP survey and the governments official data goes to the next level. And what’s driving historic lows in housing inventory? New data from Black Knight points to a few reasons and consequences.
8/7/202345 minutes, 40 seconds
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The Goldilocks Number, SEC vs. Coinbase, and Protecting Your Portfolio 8/4/23

Stocks pop and yields drop after today’s so-called “Goldilocks” jobs number. We’ll look at whether it’s enough to fuel the market euphoria and whether there are any bargains left to buy. Plus, Coinbase’s Chief Policy Officer joins us with a look at the regulatory landscape for crypto. And InvestingFixx co-founders Jean Chatzky and Karen Finerman join to discuss their newest venture for financial literacy.
8/4/202344 minutes, 27 seconds
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Executive Exchange, Crypto Couple, and Major Payments Player 8/3/23

The CEOs of Wyndham Hotels, and Portillo’s join us for a special Executive Edition of Earnings Exchange on the back of their results. Plus, the so-called crypto couple is back in court with a bombshell admission. And Shift4 founder and CEO Jared Isaacson joins to discuss Q2 results and the latest space ventures.
8/3/202343 minutes, 36 seconds
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Recession Call Reversal, Warning Shot to Washington?, and Prices at the Pump 8/2/23

Bank of America becoming the first major Wall Street Bank to remove a recession from their outlook. BofA’s Chief Economist joins us with what has changed to make that call. Plus, if the economy isn’t deteriorating, why the U.S. credit downgrade from Fitch? Strategas’ Dan Clifton says it’s a warning shot to Washington, and we shouldn’t ignore the signs of stress that are building up. And oil just posted its strongest month in a year and a half, and that is leading to more pain at the pump. We look at how much higher oil and gas prices may go, and how much of a risk they pose to a soft landing.  
8/2/202343 minutes, 5 seconds
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The Exchange 8/1/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
8/1/202346 minutes, 14 seconds
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Soft Landing Tech Trap, Under the R(AI)dar, and 3 Big Bellwethers 7/31/23

Don’t get caught in the so-called “soft landing” trap, says our market guest. He tells us where he’s finding opportunities right now instead. Plus, the CEO of one under-the-radar AI name joins us with why his company is uniquely positioned at the intersection of AI and real estate. And halfway through earnings season, we’ve got Uber, Caterpillar, and Molson-Coors on deck in Earnings Exchange.  
7/31/202344 minutes, 30 seconds
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Potential Pause, Messi of AI, Restaurant Revamp 7/28/23

The Fed might have a reason to pause rate hikes for the rest of the year, and our market guest has some ways for investors to position. Plus, one analyst is initiating coverage of a stock, calling it the “Messi of AI.” He’ll make his case for why it could rally 50% from here. And Golden Corral is launching a new fast casual brand this fall. The CEO joins us with what’s behind the debut, and his view on inflation.
7/28/202344 minutes, 40 seconds
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Forget the Fed, Cruise Control, and The Busiest Day of Earnings Season 7/27/23

GDP is topping expectations and inflation continues to cool, so should the Fed be done raising rates? Our market guest tells investors how to position. Plus, all aboard the cruise rally! The CEO of Royal Caribbean joins us on the heels of a big earnings beat and guidance hike. And three key consumer names are on deck with results. We have the action, the story, and the trade in Earnings Exchange.
7/27/202344 minutes, 46 seconds
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Fed Decision Countdown, Real Estate Risks, and Striking a Deal 7/26/23

All the investment advice you need to know ahead of the Fed decision on interest rates. Plus, billionaire real estate mogul Don Peebles joins us on set with an update on the health of commercial real estate, and why he’s most excited about New York City over the next decade. And the Teamsters General President joins us fresh off the UPS deal, averting a costly and disruptive strike.
7/26/202342 minutes, 45 seconds
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The Fed’s Endgame, Alaska Air Turbulence, and Alphabet’s Bull Case 7/25/23

Wondering what to expect and how to position ahead of the Fed’s decision on interest rates? Former Pimco chief economist Paul McCulley joins us with his thoughts. Plus, an exclusive interview with Alaska Air CEO Ben Minicucci after the company’s revenue guidance fell short of expectations. And Alphabet’s results are on deck as the megacap tech giants begin to report. We’ll speak with one analyst who’s staying bullish on the stock and says it’s trading at a steep discount to the market.
7/25/202344 minutes, 16 seconds
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The Tech Trade, Positioning into the Print, and Fighting AI Plagiarism 7/24/23

A big week for big tech with Alphabet, Microsoft, Intel and Meta results on deck. We’ll drill down on the name one analyst says is the best positioned in AI. Plus, Verizon, NXP Semiconductors, and Anywhere Real Estate are on deck with results. We’ve got the action, the story, and the trade in Earnings Exchange. And we’ll speak with a recent college graduate who built an AI-detecting program from his college dorm room.
7/24/202342 minutes, 45 seconds
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A.I. in D.C., Time to Buy, and 3 Buys & A Bail 7/21/23

President Biden speaks after meeting with tech executives from 7 AI companies. We’ll set the scene, and look at what’s at stake. Plus, as the payment stocks start to report, one analyst says two of them have an “unusually attractive entry point.” She’ll tell us which, and make her case. And the FIFA Women’s World Cup is underway, so we’ve got a special 3 Buys & A Bail “World Cup” Edition, featuring sponsors of Team USA. The names and opportunities our trader sees, ahead.
7/21/202350 minutes, 25 seconds
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Data Curveball, Margins & Movies, and The Elder Economy 7/20/23

One of the best real-time indicators of the economy just surprised everyone, and it’s complicating the outlook for the Fed and investors. We’ll tell you where our market guest sees opportunity because of it. Plus, Tesla and Netflix selling off post-earnings – we’ll look at the trades in Earnings Exchange. And Baby Boomers control 70% of the country’s disposable income. Ahead, we’ll speak with a group of seniors blowing up on TikTok and capitalizing on social media influencer opportunities.
7/20/202344 minutes, 40 seconds
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Alarm Bells, Too Much Credit, Health of Housing 7/19/23

“No landing” might be the new consensus, and our market guest is sounding the alarm, saying the market is overvalued and recession risk is super elevated. Plus, Carvana shares are rallying today, now up 1,000% from their lows. Are investors giving the company too much credit for its move to deleverage? And we’ll delve into the roadmap for home prices and inventory in light of a surprise drop in new home construction.
7/19/202343 minutes, 15 seconds
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The Bumpy Soft Landing, An Under-the-Radar Barbie Beneficiary, and the Social Media Stock with 35% Upside 7/18/23

KPMG’s Diane Swonk sees a trifecta of headwinds for the economy, but still believes the US could avoid recession. With just days before the release of “Barbie,” Roth MKM has a retailer that’s poised to pop. Plus, Evercore ISI is “PINS it to Win it,” and has four reasons Pinterest is at a fundamental inflection point. 
7/18/202344 minutes, 21 seconds
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Multi-decade Runway, Consumer Cracks, and Power Player 7/17/23

From “hard landing” to “soft landing” to the economy taking off again, our market guest has one sector where he sees a multi-decade runway developing. Plus, credit card usage and debt levels are climbing. How significant are the consumer cracks bubbling under the surface? We’ll ask the CEO of Primerica. And a power player in the lithium space (and Tesla supplier) joins Kelly with the company’s latest plans to build a new mine in the U.S.
7/17/202343 minutes, 41 seconds
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The Ripple Effect, Citi’s CFO on Earnings, and “All Bulled Up” 7/14/23

A federal judge deciding Ripple’s token isn’t a security…kinda. The CEO tells us why he’s counting the decision as a win. Citi CFO Mark Mason breaks down second quarter earnings and tells us his plans to help boost Citi stock performance. Plus, a super bullish call on Spotify. 
7/14/202343 minutes, 45 seconds
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The Fed vs. Fiscal Policy, Disney’s Strategy Shift, and Stocks’ Goldilocks Moment? 7/13/23

Former Dallas Fed President Robert Kaplan argues government spending is forcing the Fed to keep rates high. Disney CEO Bob Iger will be at the helm through 2026 and he’s got big plans for its networks. Plus, thanks in part to today’s cooling inflation data, stocks could be at a Goldilocks moment, according to one strategist. 
7/13/202343 minutes, 47 seconds
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The Broadening Market Rally, AI ETFs vs. Stocks, and the Disney Dilemma 7/12/23

With the S&P and Nasdaq hitting 52-week highs, our small cap portfolio manager says a new investing trend is emerging, even as mega cap tech keeps rallying. Not all AI ETFs are created equal, warns Bank of America’s Jared Woodard. And between slowing parks traffic and box office disappointments, there could be trouble brewing in the Magic Kingdom.
7/12/202344 minutes, 5 seconds
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Prime Day Underway, and Game On 7/11/23

Talk of a recession just around the corner has been going on for a long time. One economist says it’s finally time to move on, and he has four indicators that are keeping him steadfastly bullish. Plus, Amazon’s Prime Day is underway, but is the bump to its bottom line overstated? We’ll look at the bull case for the stock. And the Microsoft-Activision deal is moving closer to the finish line. We’ll look at the key developments, and what’s keeping regulators up at night.
7/11/202347 minutes, 36 seconds
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Hiking a Huge Mistake, Time to Strike, and Threads vs. Twitter 7/10/23

Our market guest says a July rate hike would be a “huge mistake” by the Fed. He’ll explain why as one CEO warns that the bond market is flashing troubling signs. Plus, a bullish call in one part of the REITs sector. And with Threads crossing 100 million signups, we’ll discuss its ad ambitions as it looks to take on Twitter.
7/10/202338 minutes, 47 seconds
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The Exchange 7/7/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
7/7/202344 minutes, 28 seconds
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The Exchange 7/6/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
7/6/202345 minutes, 28 seconds
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The Exchange 7/5/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
7/5/202343 minutes, 50 seconds
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From FOMO to GERF, SCOTUS vs. POTUS, and A Tale of Two Housing Markets 6/30/23

Forget FOMO, because “greed eventually replaces fear”, according to our market guest. He’ll tell us where he sees the biggest opportunities. Plus, the Supreme Court is blocking President Biden’s student loan forgiveness plan. We’ll look at the under-the-radar names most at risk. And a tale of two housing markets: The numbers you need to know whether you’re a buyer, seller, or investor.
6/30/202344 minutes, 38 seconds
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Craze or Catalyst, Retail Rebranding, and Apocalypse FedNow 6/29/23

The IPO market is definitely opening back up, but is the hype overdone? We look at three names making their public debut. Plus, Overstock.com is buying Bed Bath & Beyond’s intellectual property, and plans to change its name to reflect its big buy. Overstock’s CEO joins us to discuss. And will the Fed’s new payment system help or hurt fintech stocks? Our guest says next month’s launch makes him bearish on every single name in the space.
6/29/202347 minutes, 29 seconds
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Bidenomics, Powell’s warning, and IPOs on deck 6/28/23

Pres. Biden delivers a major address on “Bidenomics,” his vision for growing the economy. Plus, Fed Chair Powell says more “restriction” is coming to monetary policy. We’ll look at the implications for the economy. And the IPO drought could finally be coming to an end. Bob Pisani has a preview of the names going public this week.
6/28/202319 minutes, 17 seconds
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Kyle Bass’ Next Big Bet, Under-The-Radar AI Plays, and A Big Week for IPOs 6/27/23

Investor Kyle Bass bet big against subprime mortgages ahead of the 2008 financial crisis, and now he’s betting against office space. He joins Kelly to defend his call. Plus, our market guest has two international AI plays for your portfolio, and one of them has matched Nvidia’s gains YTD! And is the IPO freeze starting to thaw? We’ll debate.
6/27/202344 minutes, 7 seconds
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Russia’s Game of Thrones, Small Caps’ Big Gains, and Legacy Media Meltdown 6/26/23

Russian President Vladimir Putin faced the biggest threat to his leadership this past weekend, but our guest says the game of thrones around him is just beginning. We’ll look at what’s next and how to position. Here at home, our market guest says the setup for small caps is pointing to a major cycle run. She’ll bring us the names she likes the most in that trade. And Netflix is gaining while legacy media names are waning. We have an all-star panel looking at the trends in the landscape.
6/26/202344 minutes, 55 seconds
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The Lazy Bull Market, DeSantis’ Real Estate Ban, and Calm Seas for Cruises 6/23/23

All three major averages set to snap weeks-long winning streaks, but one economist is calling this ‘a lazy bull market.’ A new Florida bill goes into effect on July 1 barring foreign nationals from China and six other countries from buying what the state deems sensitive American land. Real estate investor and developer Don Peebles weighs in…and tells us the states and cities that ban could benefit. Plus, think inflation would be bad for the cruise industry? Think again says Citi. Why cruise lines could benefit from sustained higher prices. 
6/23/202344 minutes, 28 seconds
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Hikes Heard ‘Round the World, Unsurprisingly Horrible, and Shrinking Shrink 6/22/23

Fed Chair Powell repeating there’s a long way to go in the fight against inflation in his Senate testimony today. With the surprise half a point hike from the Bank of England just the latest hawkish move from a global central bank, could the Fed follow suit at its July meeting?The economics are ‘horrible (but unsurprising)’ at Intel, according to one analyst. He tells us what could finally turn the company around. Plus, retailers from Target to Foot Locker saying shrink—or unexpected inventory loss—took a bite out of profits last quarter. But UBS expects shrink to start shrinking thanks to a few factors and names the retailers poised to benefit.
6/22/202343 minutes, 50 seconds
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The Fed’s Inflation Fight Continues, Tesla’s Short-Term Risks, Navigating the Narrow Rally 6/21/23

Fed Chair Jay Powell testifying on the Hill today, and not letting go of the Fed’s 2% inflation target. Former NEC director Larry Lindsey weighs in on what he expects from the July meeting. Barclays downgrading Tesla to equal weight, but hiking their price target. We talk to the analyst behind the call. Plus, one strategist says the mega-cap tech rally is running out of steam, he gives us the smaller names to buy should the market broaden.
6/21/202344 minutes, 19 seconds
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Invest Like its 1999? What’s Next for Housing? And Nevermind the Narrow Rally? 6/20/23

A new CNBC economic survey revealing most economists see improving growth this year, so could we avoid a hard landing? Wells Fargo’s Chris Harvey says not so fast, he tells us why he’s breaking out the 1999/2000 playbook. May housing starts surging on the heels of strong homebuilder sentiment. We talk what’s next for the real estate market. Plus, nevermind the mega cap tech stocks, there’s a rotation underway according to Goldman Sachs. We have the names to buy now. 
6/20/202345 minutes, 7 seconds
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The Exchange 6/16/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
6/16/202343 minutes, 52 seconds
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From the Desk of Kelly Evans: This is a pretty odd time for a "melt-up" 06/16/23

Kelly explains how markets are bucking conventional wisdom here.
6/16/20233 minutes, 14 seconds
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Cava’s Market Debut, CRE Lending Opportunities, and The Black Swan 6/15/23

Shares of Mediterranean chain restaurant Cava soaring in their market debut, but will it be enough to inspire others to go public? The CEO of one of the largest non-bank lenders in the US joins us with the opportunities he’s seeing in commercial real estate and why this could be one of the best years in his 20+ year-long career. Plus, “Black Swan author” Nassim Nicholas Taleb warns the current macro environment resembles that of 2007/2008. 
6/15/202345 minutes, 46 seconds
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The Exchange: Fed Edition 6/14/23

Kelly’s Power Lunch co-host Tyler Mathisen joins for a special Fed Decision edition of The Exchange, covering the intersection of politics, policy, and your money. Congressman Brad Sherman (D-California) weighs in on bank regulation, while Senator Bill Hagerty (R-Tennessee) stresses the importance of Secretary of State Blinken’s trip to China. Plus, Dan Clifton of Strategas’ on the what could turn around market leadership and why the Fed could be pressured to end tightening early. 
6/14/202339 minutes, 57 seconds
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Brian Moynihan on the Record, The Cardboard Box Recession, and Billionaires’ Row 6/12/23

Bank of America CEO Brian Moynihan weighs in on the state of the economy, what the Fed should do next, and the strength of his bank’s balance sheet. We look at the cardboard box indicator and what that tells us about the chances of a global recession, and what could keep one at bay. Plus, we take a deep dive into the super high-end real estate market in NYC and who’s managed to get it right. 
6/12/202351 minutes, 59 seconds
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The Bear Market is Over, Where to Invest in China Now, eVTOL Sector Poised for Lift-Off? 6/9/23

We’re officially out of the bear market with the S&P up 20% from the lows, but can the bull run be sustained? China’s economy dampened by deflation and flagging exports, but one fund manager says investors are missing a key opportunity. And Canaccord Genuity initiates coverage on the eVTOL sector; we’ve got the names to ‘buy.’ Plus, Tom McClellan sees a bottom in oil…depending on your timing. 
6/9/202346 minutes, 55 seconds
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When Bad News Is Bad News, Credit Card Crackdown, and Smooth Sailing 6/8/23

Initial jobless claims climbed for the third-straight week; does the market believe a recession is on the way. We’ll look at the leading economic indicators and let you decide. Plus, household debt on the rise. We’ll look at the fallout for consumers and one bill on Capitol hill aimed at cracking down on credit card companies. And, Royal Caribbean’s CEO is adamant the cruise operator can maintain pricing power. He’ll tell us why – and how he’s able to avoid passing costs along to customers.
6/8/202343 minutes, 19 seconds
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The Exchange 6/7/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
6/7/202343 minutes, 30 seconds
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The Fed’s Fight Against Inflation, A Crypto Clash, and The Read On Retail 6/6/23

The Fed’s fight against inflation could be winding down, according to our market guest. He’ll tell us why September will confirm the end of the rate hike cycle. Plus, the SEC targeting Binance and Coinbase in back-to-back lawsuits. Will regulators drive business overseas? We’re live in Amsterdam with that angle. And the newly installed CEO of Academy Sports & Outdoors joins Kelly with a look at the retailer’s Q2 results, and why he thinks the 2nd half will see better sales.
6/6/202348 minutes, 2 seconds
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Apple WWDC 2023, Fed At A Crossroads, and The Growth Playbook 6/5/23

Apple kicking off its highly anticipated Worldwide Developers Conference with a slew of announcements. We have live coverage in Cupertino, California, and speak with two guests about what today’s news means for the future of the world’s most valuable company. Plus, the Fed finds itself at a crossroads after Friday’s jobs report. Should it hike, pause, or pivot? We’ll debate. And XPRIZE Foundation Executive Chairman Peter Diamandis joins the show with the new playbook and strategies for executives looking to grow their companies.
6/5/202347 minutes, 45 seconds
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The Good & The Bad, AI Holy Grail, Addressing America’s Cancer Drug Shortage 6/2/23

This morning’s jobs report had something for the hawks and the doves. We’ll debate the best move for the Fed and investors’ best move in the market. Plus, our guest says there’s a “holy grail” setup in the AI space. She’ll tell us what it is and how she’s playing it. And the CEO of Bristol-Myers Squibb joins Kelly as the ASCO conference kicks off. How are they helping solve America’s cancer drug shortage? He’ll explain.
6/2/202344 minutes, 35 seconds
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Pause in Peril, Discount Retail Trade, and The Great De-Stocking 6/1/23

The economic picture for the Federal Reserve is getting murkier by the day. Will they rely on retail, manufacturing, or labor market data to make their decision this month? Plus, Dollar General on pace for its worst day ever. We’ll tell you what’s driving the declines, and what it suggests about the rest of the retail landscape. And Goldman Sachs head of commodity research says the long-term bull thesis remains intact for commodities. You’ll never guess why he’s so optimistic.
6/1/202344 minutes, 15 seconds
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Global Walls of Worry, The Next AI Gainers, and A Rising Rates Play 5/31/23

Stocks falling on concerns of global market risks, but our guest sees big opportunities in one key sector. She’ll tell us where, and what to avoid.Plus, if big tech and semiconductors were the first wave of AI, what’s the next? One analyst says watch the freight space. And with mortgage rates seemingly on a rollercoaster these days, where can investors find safety. We’ll speak with the CEO of one mortgage stock that’s beating the market this year.
5/31/202344 minutes, 58 seconds
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Debt Ceiling Deal Risks, Soft Landing Ahead, and Will AI Save Silicon Valley Real Estate? 5/30/23

The Biden Administration and Congressional leadership hashing out a tentative deal to avoid a default, but what about the market risks? UBS’ Evan Brown says liquidity concerns are overblown. Consumer confidence slipped to a six-month low in May, but Moody’s Mark Zandi still says no recession ahead .And Wolfe Research says AI could renew optimism around Silicon Valley real estate, but Slow Ventures’ Sam Lessin says ‘that’s a bridge too far.’ 
5/30/202345 minutes, 3 seconds
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A Debt Deal Potentially Within Reach, Strike One For The Doves, and AI’s Big Week 5/26/23

Wall Street’s getting more optimistic about a debt ceiling deal on Capitol Hill. Should investors buy the optimism? We’ll look at the terms, and some trades that will benefit. Plus, the latest inflation report coming in hotter than expected. Is that strike one for the doves ahead of next month’s Fed meeting?And we’re wrapping up an historic week for AI, tracking the huge moves in names like Nvidia and Marvell, and looking at what could be the next big name to rally.
5/26/202347 minutes, 12 seconds
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Debt Ceiling Showdown, Potential Sell Signal for Nvidia, and The DeSantis DeSaster 5/25/23

Fitch delivering a blow to America’s AAA credit rating as debt ceiling talks drag on. We’ll tell you what it means for the market and the economy. Plus, Nvidia is powering the Nasdaq today, but one technician is watching a potential sell signal in the charts. And Florida Governor Ron DeSantis announced his presidential campaign via Twitter Spaces last night, but the event wasn’t without its technical troubles. We’ll debate the potential fallout for Twitter, and the 2024 political landscape.
5/25/202345 minutes, 37 seconds
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Risk to the Upside, Real Estate Mogul Don Peebles, and a Mystery ‘Genuine Bull Market’5/24/23

Still no deal on the debt ceiling as Speaker McCarthy says the two sides remain hung up on the issue of baseline spending, but our market guest says any debt ceiling risk may be to the upside. She’ll explain. Plus, billionaire real estate investor Don Peebles is warning “the worst is yet to come” for office REITs. He’ll tell us where he’s seeing opportunities as a result. And Jim Cramer sees a “genuine bull market” underway in one particular area of the market. We’ll tell you what it is, and speak to one analyst seeing big upside in some of the names.
5/24/202344 minutes, 52 seconds
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Debt Ceiling Positioning, AI Market Share Momentum, and Bet On The Builders? 5/23/23

Negotiations continue, but no debt ceiling deal yet. We’ll look at how investors can position for any scenario. Plus, Microsoft unveils more AI products, Google’s CEO issues a new warning, and Bank of America says one name is well positioned. We’ll speak with the analyst.And Lowe’s is lowering its full-year sales guidance – what does that signal for the rest of the market? We look at two key consumer names in Earnings Exchange.
5/23/202343 minutes, 44 seconds
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Wall Street’s Wall of Worry, Freight Pain, and The Next Generation of Economists 5/22/23

A new Fed narrative has bond yields jumping, as Minneapolis Fed President Neel Kashkari tells CNBC he’s open to pausing, but not ending rate hikes. What are the policy implications amid rising US-China tensions and the debt ceiling deadline looming? Plus – there’s a key metric flashing a major warning sign in the trucking industry. We’ll tell you what it is and what it suggests about the rest of the economy. And we’re live at the final round of the 2023 National Economics Challenge, as the country’s top high school students answer complex economic questions in a high-stakes environment.
5/22/202343 minutes, 47 seconds
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Risky Business, AI Winner & Losers, and Time to Trim Tech? 5/19/23

Markets turning lower on reports that debt ceiling negotiations have stalled as President Biden attends the G-7 Summit in Japan. We look at how to position your portfolio. Plus, is AI an existential threat or a big opportunity for cloud companies? We’ll debate. And if only a handful of mega-cap tech companies are propping up the market, is it time to trim tech? We’ll ask one technician tracking the data. 
5/19/202345 minutes, 6 seconds
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The Bubble We Need, The Search Less Traveled and What’s Next for Bank Regulation 5/18/23

Goldman Sachs saying AI could provide a huge boost to margins in the future, is artificial intelligence the bubble the stock market currently needs? We debate.  Speaking of AI, one analyst says its popularity could take a big bite out of Google’s Search ad revenue, thanks to its trip-planning capabilities. Plus, bank regulators back on the Hill today, with the Fed’s Michael Barr laying out new regulatory proposals. Oppenheimer’s Chris Kotowski weighs in on the future of the financials industry. 
5/18/202344 minutes, 42 seconds
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Musk-see TV, The Debt Ceiling Trade, and The Read on Real Estate 5/17/23

Elon Musk did not hold back in his exclusive CNBC interview – we’ll debate the biggest moments that investors are talking about today. Plus, we run through three debt ceiling scenarios and the REITs that could benefit or be hurt the most. And mortgage demand is dropping as interest rates hit a 2-month high. Could home price declines be next? We have the things you need to know if you’re in the market.
5/17/202344 minutes, 44 seconds
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Bots & Banks on Capitol Hill, Don’t Believe The Bears?, and The Future of Forecasting 5/16/23

A doubleheader in DC today with banks and AI under congressional scrutiny. Could anything have prevented the collapse of SVB? And what is the role of regulation in AI? We’ll debate both. Plus, one analyst is coming to Sofi’s defense after an barrage of bearish calls. He’ll join Kelly to make his case. And we’re following up with one company disrupting the future of weather forecasting. A look at how its technology could change the way Corporate America does business around the globe.
5/16/202342 minutes, 58 seconds
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The Fed’s Inflation Fight, Regional Bank Opportunities, and M&A Monday 5/15/23

Fed officials say more work needs to be done on fighting inflation, but what does that mean for the markets with the next FOMC meeting a month away? Plus, our market guest is eyeing big opportunities in regional banks. He’ll reveal the four names he’s fixing to scoop up. And three big deals making headlines today – are they part of a larger trend? We’ll debate on the return of M&A mania.
5/15/202344 minutes, 28 seconds
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The Exchange 5/12/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
5/12/202342 minutes, 51 seconds
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From the Desk of Kelly Evans: The Debt Ceiling is Just Act One 5/12/23

Kelly explains why the battle over the debt ceiling is just the beginning of the economic drama playing out in Washington.
5/12/20232 minutes, 47 seconds
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The Last Shoe To Drop, The Booming ‘Burbs, and The Fed’s Next Move (according to dead economists) 5/11/23

Kelly uses AI to speak to some of the greatest economic minds of the 20th century about the Fed’s next move.And with jobless claims hitting the highest level in a year and a half, our market guest says to buckle up for a hard landing.So where are the opportunities? We’ll look at why REITs in the suburbs are booming, and how you can play that trend.
5/11/202344 minutes, 21 seconds
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Google’s AI Do-Over, The Retailer to Buy into Earnings, and Disrupting Fertility Care 5/10/23

The Google IO Conference kicks off at the top of the hour, we’re live in Mountain View CA for the headlines. Evercore ISI putting out a tactical bull and a tactical bear call ahead of earnings. We dig into both names with analyst Greg Melich. Plus, Kindbody is #43 on the Disruptor 50 list this year. The company’s founder joins Kelly to discuss the big business of babies. 
5/10/202345 minutes, 11 seconds
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Debt Ceiling Dilemma, Travel Trends with Choice Hotels, Amazon’s New Cost-Cutting Measure 5/9/23

With just a few hours to the White House meeting on the debt ceiling, we look at what it means for the markets and how to position your portfolio. Choice Hotels blowing earnings estimates out of the water, CEO Pat Pacious tells us what’s next for the brand and the trends he’s seeing. Plus, need 10 bucks? Amazon will pay you to pick up your own packages. 
5/9/202344 minutes, 3 seconds
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From The Desk of Kelly Evans: Where The Banking System Hits The Economy 5/8/23

Kelly explains why an under-the-radar economic indicator could highlight trouble ahead.
5/8/20232 minutes, 48 seconds
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Debt Ceiling: Political Rhetoric or Real Risk? Life Time CEO on Student Loan Debt Exposure, and Portillo’s CEO on What’s Next 5/8/23

Warren Buffett says he’s not worried about a US debt default, but if 2023 shapes up to be a repeat of 2011, equity investors could be in for a world of pain. So is the debt ceiling showdown just political rhetoric or a signal to move to safety? We discuss. With the sunset of the Covid-era student loan payment moratorium, Wells Fargo named fitness brand Life Time as one of the companies most exposed to that debt. The Life Time CEO sounds off on those claims. Plus, Portillo’s shares under pressure on disappointing earnings, but management sees input costs falling as inflation cools. CEO Michael Osanloo has what’s next for the fast casual chain and its customers.
5/8/202343 minutes, 56 seconds
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Don’t Bank on a Pause, The Streaming Wars, and San Francisco the New Detroit? 5/5/23

Despite the strong headline number, the labor market is slowing…but is it slowing fast enough for the Fed? No, says one of my guests, and don’t bank on a rate pause ahead because of it. And, shares of Warner Brothers Discovery bouncing back after its U.S. streaming business turns a profit but is the euphoria misguided? We look at who is best positioned to come out on top in the streaming wars.  Plus, our market guest says there’s one trade you should definitely avoid right now, it’s the names with exposure to San Francisco—which she says- is starting to look like Detroit.  
5/5/202344 minutes, 55 seconds
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Regional Bank Wreck, Royal Caribbean’s Read, and Apple Earnings On Deck 5/4/23

More pain for regional banks with PacWest down more than 50% after saying it’s considering “all options,” including a possible sale.Royal Caribbean’s CEO joins Kelly on the heels of reporting better-than-expected results, and raising full-year earnings guidance.And we go on the ground at Apple HQ in Cupertino, California, with a lookahead to the tech giants earnings after the bell.
5/4/202344 minutes, 38 seconds
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CNBC Special: The Fed Decision 5/3/23

The Exchange goes on the road to Washington, D.C. ahead of the Federal Reserve’s interest rate decision.Sen. John Kennedy joins Kelly and Tyler to discuss the economy, the banking industry, and the debt ceiling deadline.David Wessel from the Brookings Institute says the big question is what the Fed will signal about June.And Dan Clifton from Strategas has a closer look at the policy implications of the recent bank failures and a potential default.
5/3/202342 minutes, 46 seconds
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The Exchange 5/2/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
5/2/202346 minutes, 50 seconds
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First Republic’s rescue, Charlie Munger’s warning, and Brad Gerstner’s harsh words 5/1/23

First Republic became the third bank to fail since March, but will it be the last?Charlie Munger is warning about cracks in commercial real estate – we’ll look ahead to three big names ahead of their results this week.And tech investor Brad Gerstner had some harsh words for Alphabet CEO Sundar Pichai earlier on CNBC.We’ll break down why he thinks Alphabet is falling behind in the AI race.Plus, and Exchange Exclusive interview with SoFi CEO Anthony Noto on the heels of their record financial results.
5/1/202347 minutes, 27 seconds
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The Big Cap Tech Name with the Lowest Earnings Quality, FDIC’s Review of Signature Bank Collapse, and the Health Care Market Poised to Boom 4/28/23

Four of the five mega cap tech companies have reported, we take a look at the company one strategist says has shown the lowest quality earnings. Plus, the “Dean of Valuation,” NYU’s Aswath Damodaran’s on how the lack of risk capital is impacting tech’s performance. The FDIC releases its finding regarding the Signature Bank Collapse. And the one corner of the health care market Mizuho’s Jared Holz expects to be a booming, multi-billion dollar business.
4/28/202345 minutes, 31 seconds
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Debt Limit Showdown, Telecom Trades & The CNBC Stock Draft 4/27/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
4/27/202339 minutes, 42 seconds
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First Republic’s last chance, investing in a slowdown, and UK regulators block a major deal 4/26/23

Don’t miss the new details on First Republic’s desperate pitch to save the bank. Plus, how should you invest in a slowdown if the economy is like a car speeding down a cul-de-sac? And if the UK is closed for business, we’ll look at what it means for Microsoft’s deal to buy Activision.
4/26/202344 minutes, 53 seconds
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A Red Day For Regionals, Big Tech on Deck & The Fed’s Next Move 4/25/23

First Republic hemorrhaged deposits in the first quarter, and one guest says it’s now a battle of survival.Does that mean hopes for a Fed cut this year are premature? David Zervos from Jefferies will weigh in.Plus, Alphabet and Microsoft earnings are on deck. Will last quarter’s cost cuts be enough to fund their investments in AI?
4/25/202345 minutes, 30 seconds
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Big Box Bankruptcy, Recessionary Red Flag, and LVMH’s Major Milestone 4/24/23

Is Bed Bath & Beyond’s bankruptcy a sign of trouble in the retail industry, or simply a case of mismanagement?Plus, the one key data point flashing a signal only see during – or right before – a recession.And with LVMH topping $500M in market cap, is it time to take profits or is a bigger luxury spending boom on the way?
4/24/202345 minutes, 26 seconds
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A laissez-faire FedMain Street’s credit crunch, and XPrize’s new $11M challenge 4/21/23

Is the Fed being too laissez-faire about stress in the banking system? Former Dallas Fed President Richard Fisher says it still has to slay the “inflation dragon” and at least one economist agrees, saying that’s exactly why the Fed will hike rates in less than 2 weeks.Meantime, as the credit crunch hits Main Street, he hear from one small business owner who’s feeling the effects as he tries to expand.And XPrize Founder Peter Diamandis joins Kelly to discuss his latest $11M competition, and the impact AI will have on it, as well as the broader tech landscape.
4/21/202345 minutes, 12 seconds
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Sound the Alarms, The Consumer Trade, and an Alaska Airlines CEO Exclusive 4/20/23

Stocks are back in the red as a key economic indicator unexpectedly drops to a near three year low. It’s one of several data points that has our guest worried. She tells us which signals truly matter right now, and whether we should officially start the countdown to the recession. As for the consumer right now, American Express still sees resiliency, Ally Financial sees rising delinquencies, and one in five Americans are buying groceries with installment loans. We’ll discuss which names are still in the sweet spot, and for how long.Plus, the airlines are supposed to be one of the main pockets of strength right now but Alaska Airlines posting a bigger than expected loss. The CEO joins us for a CNBC exclusive.   
4/20/202345 minutes, 25 seconds
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Regional Bank Reversal, Reading the Earnings Tea Leaves, and NVID(AI) 4/19/23

Western Alliance is growing deposits – is that a bullish sign for the rest of the regionals? We look at the fallout for the financials post-SVB. Tesla earnings are out after the bell today, and there’s one key metric that Wall Street’s watching. And Nvidia shares have nearly doubled to start the year -- can it keep up the momentum? We speak with one analyst who sees it rallying another 20% from here thanks to AI.
4/19/202345 minutes, 27 seconds
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Sour Investor Sentiment, Bank Earnings Bonanza, and AI Regulation Nation 4/18/23

Investors are the most pessimistic they’ve been in in over a decade, but one advisor sees opportunities overseas.It’s a tale of two quarters for Bank of America and Goldman Sachs on day 2 of the big bank earnings reports.Plus, a deep dive into the future of AI regulation in America with VC Sam Lessin and a lookahead to Netflix and United reporting results after the bell.
4/18/202346 minutes, 11 seconds
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Earnings Pain Ahead?, Bullish on the Builders, and AI’s labor impact 4/17/23

Earnings season is off to a surprisingly good start. In fact, too strong says one of our guests. He’s bracing for earnings to drop 30 percent. He tells us why he so concerned, and the one sector he is bullish on right now.Plus, a lack of listings helping homebuilders to a near record share of the housing market. So if they have the edge, can you own them for the long run? We debate. And, Google’s CEO says AI will impact every product and every company. We talk to two CEOs who will have a front row seat to those changes.
4/17/202345 minutes, 7 seconds
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Canary in the Regional Bank Coal Mine, A Contrarian Travel Call, and the Data Divergence 4/14/23

Investors initially cheering PNC’s earnings report, but after digesting results, the street noting some weakness. What that could signal about the health of the regional banks. Booking Holding shares up 30% so far this year as the travel trade roars back, but one analyst is seeing headwinds. Plus, we dig into the week’s data dump for further indication about what the next Fed meeting could bring, and if the US is indeed on the road to recession.
4/14/202344 minutes, 33 seconds
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Rising Recession Risks?, Debt Dilemma, and Crypto Warning 4/13/23

Producer prices are cooling sharply, while jobless claims are rising. We’ll explain why the economic slowdown could be closer than you think. Plus, the recent bank collapses are touching off concerns about systemic risk in the financial sector. But what if it doesn’t stop there? We’ll dig into some warnings signs. And, Bitcoin has surged back about $30,000 this year. But one key factor is missing in that climb. We’ll reveal what that is, and why it has one analyst very concerned about a crunch.
4/13/202343 minutes, 59 seconds
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Inflation Turning Point?, and Buy It Like Buffett

San Francisco Fed President Mary Daly says “we don’t expect to continue to raise rates every meeting.” Her remarks follow this morning’s cooler-than-expected CPI print, which boosted stock prices. CNBC received exclusive reaction to the CPI print and more from legendary investor Warren Buffett. We’ll break down his best comments, including the ones you may have missed.Plus, our Buffett “watcher” will reveal which of the Oracle’s stock picks he likes best, and where he sees the most opportunity next.
4/12/202344 minutes, 32 seconds
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Faltering Fed?, The Bank Bifurcation, and Dividend Divide - 4/11/23

Markets are anxiously awaiting tomorrow’s CPI report. But should it even matter that much? One of our big investors says “no” – and if anything, it could lead to a big mistake by the Fed.Plus, Wall Street is remaining positive on the big banks ahead of earnings on deck, while Main Street is worried about the potential crunch. We’ll look deeper into the dichotomy. And, when you hear the words “dividend payer,” do you think safety play? Well, you might want to think again. We’ll look at the dividend stocks you’ll want to avoid in this market.
4/11/202345 minutes, 33 seconds
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Hike or Halt?, Earnings Warning, and Beijing’s Bold Moves - 4/10/23

After the decent March jobs report, Wall Street is now ratcheting up the likelihood of another Fed hike in a few weeks. But our economists say “not so fast!” They’ll explain why more hikes would be a “big mistake” for the Fed, and where they think rates should go next. Plus, we’ll dig into the biggest pain points – as well as some unexpected bright spots – for the upcoming earnings season as low expectations take hold. And, China just wrapped up 3 days of military exercises around Taiwan. We’ve got the latest details, and the U.S. response.
4/10/202345 minutes, 20 seconds
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TEX Goes Tech: Digging into the Sustainability of the Nasdaq Rally, The Names to Buy Now, and Why Rates Could Now Stay Lower 4/6/23

New jobs data revisions painting an uglier labor market picture than previously thought, which could have the Fed on pause. What that means for both the economy and the tech rally ahead of tomorrow’s key jobs report.  But, will lower rates provide a tailwind for tech? Our stock pickers say yes, despite the ongoing outperformance. We have the names to buy now. Plus, the technical tale of two mega cap names—one poised to break out and the other facing steep resistance. 
4/6/202346 minutes, 2 seconds
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The Tech Trade, Recession Risk on the Rise?, and Travel’s Price Problem 4/5/23

Tech stocks have had a major run this year. But with Loretta Mester echoing James Bullard’s comments in support of more rate hikes, the Nasdaq is underperforming today. So is it time to take profits? We’ll debate. Plus, private payrolls and ISM Services data both came in weaker-than-expected, just ahead of the all-important jobs report.  Is Barry Sternlicht’s “serious recession” prediction close to coming true? We’ll discuss. And, one area of services not seeing prices softening is travel. But one analyst sees signs of slowing demand. He’ll join us to make his case, and provide his key names to watch.
4/5/202345 minutes, 25 seconds
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Fed Pause Ahead?, Overseas Opportunities, and Hold on to Your Staplers! 4/4/23

Higher rates. Tighter lending. Huge deposit outflows. Will the Fed need to hike rates much further to fight inflation, or will a potential credit crunch do the trick? We’ll discuss. Plus, sentiment is at record bearish levels, according to Bank of America. But one of our strategists says pessimism is clouding investors’ vision. He’ll explain why he’s putting money to work overseas. And, Apple CEO Tim Cook will meet with lawmakers to talk China, Google is coming for employees’ staplers, and Jamie Dimon says AI is “critical” to JPMorgan’s success. We’ll tackle it all in ‘TechCheck.’
4/4/202349 minutes, 23 seconds
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The Exchange: Recession Risk & Tech Trade Winners 4/3/23

Black Knight’s Andy Walden, VP of enterprise research, and CNBC’s Diana Olick, discuss affordability constraints weighing on market demand for housing, the weakening inventory for available homes, and buyers willing to return to the market as mortgage rates fall. CNBC’s Sharon Epperson discusses companies introducing financial literacy assistance programs for their employees, the power of financial literacy, and making financial education more accessible and available. Steven Wieting, chief investment strategist at Citi Global Wealth Management Investments, and Peter Boockvar, CIO at Bleakley Financial Group, discuss market expectations for Fed policy, gauging recession concerns, and dislocations in the market for banks. Mark Mahaney, head of Internet Research at Evercore ISI, discusses the tech trade winners, the strength of companies with regular product offerings, and cloud computing brands undergoing an optimization period.
4/3/202346 minutes, 14 seconds
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The Fed’s Balancing Act, Wall of Worry, and Box Office Blues 3/31/23

A key inflation gauge shows prices are cooling. But are they cooling enough for the Fed to hit the brakes on interest rates? We’ll debate.Plus, Citi apparently isn’t worried about a downturn, giving the U.S. a double-upgrade today. Are U.S. equities the place to be? We’ll ask our strategist.And, we’ll look at big changes happening in Hollywood & the movie landscape, and see who’s best-positioned to benefit moving forward.
3/31/202344 minutes, 50 seconds
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Is the Coast Really Clear?, Options Market Tea Leaves, and End of the ‘Safety Trade’? 3/30/23

Inflation overseas is falling sharply. The Nasdaq is up 20% from its lows. And oil is popping 6% this week. Is the market giving us the “all clear” signal, or not? We’ll debate. Plus, we’ll read the tea leaves in the options market, as trading activity picks up in the VIX and high-yield areas. And, health care is one of the worst-performing sectors so far this year, and our investor says the upside in big pharma is capped. He’ll tell us where else to find safety instead.
3/30/202343 minutes, 51 seconds
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From the Desk of Kelly Evans: We are SO not out of the woods 3/30/23

Kelly explains why rosy data doesn’t mean we’ve avoided a looming economic downturn.
3/30/20234 minutes, 10 seconds
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Anatomy of a Bank Run, Bigger is Better?, and Stocks vs. Bonds 3/29/23

It’s Day 2 for bank regulators on Capitol Hill. The biggest revelation so far? $100 billion was about to leave Silicon Valley Bank in a single day.The digital age is changing the game for bank runs, and how to prepare for them. We’ll look at how regulators plan to address that.Plus, our market expert insists the inflation downtrend is about to resume. We’ll ask what makes him so sure, and how he’s positioning as a result.And, investors have been piling into treasurys this year. So has the trade become too crowded? One of our guests says “yes,” and will tell us what he’s buying instead.
3/29/202345 minutes, 3 seconds
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Bank Regulators on the Hot Seat, A Bank for Gen Z?, and Dethroning King Dollar 3/28/23

Bank regulators are in the crosshairs of lawmakers who want answers on Capitol Hill today. How could Silicon Valley and Signature Bank fail so fast? And could it happen again? We’ll bring you the latest developments, and get reaction from one expert who was a financial regulator during a previous crisis. Plus, Morgan Stanley is hailing Block’s Cash App as the place where Millennials & Gen Z do all of their banking. The analyst behind that call joins us to make his case. And, we’ll explain why the dollar losing its special reserve status would actually be a good thing.
3/28/202345 minutes, 28 seconds
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Banks Boost, Short Duration = Big Gains?, and SVB Collapse Hearing On Deck 3/27/23

More bank backstops came to light over the weekend, as U.S. officials reportedly considered expanding an emergency bank lending program.  First Citizens Bank also swooped in to acquire SVB’s branches & deposits. And the flow of deposits out of regionals and into larger institutions has started to slow, too. Goldman’s Chief Political Economist joins us to discuss all of it. Plus, one strategist says he’s seeing strength in one part of the banking sector, along with European stocks and quality U.S. names. He’ll tell us which ones. And, the 2-day hearing on SVB’s collapse kicks off tomorrow. We’ll talk to House Financial Services Committee Member Jim Himes about which moves he’d like to see on the FDIC insurance front.
3/27/202344 minutes, 43 seconds
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Bank Risks & Ripples: What the Fed Needs to Do and the Impacts on Autos, Clean Energy & Crypto 3/24/23

FT’s Gillian Tett says there won’t be a quick resolution to the current bank woes…and the Fed is not to blame. The SEC recently warned Coinbase of securities violations, and one VC says he wants to see that fight make it all the way to the high courts. Plus, as warnings of a credit crunch grow louder, we take a look at the names in the autos and clean energy sectors that can withstand that pain. 
3/24/202346 minutes, 9 seconds
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Done Raising Rates?, Health of Housing, and TikTok on the Hot Seat 3/23/23

Markets are rebounding on hopes that the Fed could be done raising rates. But would that mean they expect more pain ahead in the banking sector? We’ll discuss.Plus, no further rate hikes should be good news for home buyers -- right? Not necessarily. We’ll dig into the divergence between yields & mortgage rates.And, TikTok’s CEO is testifying Capitol Hill, reassuring lawmakers that the app isn’t a national security threat. We have the latest details, and implications for the social media landscape.
3/23/202345 minutes, 51 seconds
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Walk Up to the Fed Decision: A Hike, A Pause or a Pivot? 3/22/23

Kelly’s Power Lunch co-host Tyler Mathisen joins us for a special Fed Edition of The Exchange an hour before Powell and company’s rate decision. Bankrate’s Greg McBride joins us with the real-world impact of the fastest and steepest rate hikes in history and what another increase means for consumers. House Financial Services member, and former community bank examiner, Rep. Blaine Luetkemeyer makes the case for regulators to temporarily backstop all bank deposits. Plus, Former Atlanta Fed President Dennis Lockhart tells us what it’s like to be in the room when the Fed Committee meets to hash out a rate decision. 
3/22/202342 minutes, 47 seconds
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Hike, Pause or Pivot? Time to Strip the Fed? And Russia’s New Lifeline? 3/21/23

The highly-anticipated Fed meeting kicks off today and we’ll get you ready for all three possible rate scenarios--a hike, a pause or a pivot—and tell you how to position now. And the Fed was left in charge of bank oversight after the Great Financial Crisis, but is the US banking system in better shape or is it just as dicey? Wharton Professor Peter Conti-Brown weighs in…and reveals why he’s getting closer and closer to suggesting the Fed should be stripped of that power. Plus, China and Russia releasing a joint statement saying they will “deepen cooperation and trust” between their armed forces, but that they’re NOT forming a military-political alliance. The Atlantic Councils’ Fred Kempe begs to differ. 
3/21/202345 minutes, 29 seconds
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From the Desk of Kelly Evans: Deflation--Not Hyperinflation--Is The Real Risk Here 3/20/23

Kelly explains what the biggest risk to the Fed’s balancing act really is.
3/20/20233 minutes, 21 seconds
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The Fed’s Dilemma, Bitcoin’s Big Moment, and Red Flags Ignored? 3/20/23

The latest FOMC meeting is set to kick off tomorrow. Will they hike, or will they pause? Are there even any good options here, as questions on the health of global banking remain?We’ll speak with one economist who says the Fed should “pause” here, and another one who expects a “dovish hike.” They’ll each make their case.Plus, Bitcoin continues to rally, back above $28,000 and surging to a 9-month high. We’ll speak with a leading crypto banker about whether or not this rebound is sustainable.And, according to the Wall Street Journal, regulators had concerns about Silicon Valley Bank as far back as 2015. Greg Zuckerman co-wrote the story, and will join us with the details.
3/20/202345 minutes, 24 seconds
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Why Pivot Talk is “Rubbish,” Muni Bond Red Flags, and the Bearish Options Signals 3/17/23

Jefferies’ David Zervos says despite the financial instability, the Fed will continue to tighten. He tells us why the talk of a pivot is “rubbish.” First Republic holds more than $19b worth of muni bonds…is the safety trade about to be shaken up amid the bank stress? Plus, more than 100m options contracts expire today, and while bearish signals are cropping up, there are still pockets of bullishness. Susquehanna’s Chris Murphy tells us where traders are seeing buying opportunities.
3/17/202347 minutes, 1 second
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The Fed’s Next Move, The Banks & Housing, And a Capital Infusion for First Republic? 3/16/23

The European Central Bank going full steam ahead despite global banking turmoil….so did the ECB just set the tone for the Fed next week? We look at what to expect and how it may impact the economy and the markets. Plus, contagion from the banks *TO* the housing market would turn the last crisis on its head, but that’s exactly what could happen here. We’ll explain why a failure at First Republic could be felt throughout the housing industry. And speaking of First Republic…David Faber reporting that a group of financial institutions is in talks to give the battered regional bank a major capital infusion. We have the breakdown of who is involved and how much money is being talked about.
3/16/202346 minutes, 50 seconds
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The SVB Fallout Continues 3/15/23

Another day of banking concerns is dragging down markets. Credit Suisse appears to be the latest bank on the brink, as the Saudi National Bank says it won’t provide it any more capital.Investors here at home are hoping U.S. financials aren’t exposed to any counterparty risks here. We’ll tell you all you need to know, including how to protect your portfolio here.
3/15/202347 minutes, 41 seconds
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The Problem with Pausing, Charles Schwab CEO, and Bet on Housing? 3/14/23

Wall Street is reeling from the bank collapses we’ve seen over the past week, with many now calling for the Fed to pause rate hikes as a result.But former NEC Director Lawrence Lindsey warns that is the wrong response to what happened here. He’ll join us to make his case.Plus, the CEO of Charles Schwab will join us exclusively to defend his banking strategy, and explain why Schwab won’t suffer a similar fate to Silicon Valley Bank.And, plunging yields likely mean lower mortgage rates to come. Analyst Stephen Kim will join us with the housing stocks that could be a “buy” if rates stay lower.
3/14/202355 minutes, 14 seconds
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The SVB Fallout 03/13/23

Both SVB & Signature Bank are now out of business, while First Republic has secured funding from J.P. Morgan & The Fed. A major issue has been the safety of accounts over the $250,000 FDIC cap. But President Biden had some encouraging words this morning, after the government announced a new facility that will offer 1-year loans to banks and pay them par for collateral like treasuries & mortgages to stem the tide. But big questions remain. Is there another shoe to drop in the banking sector? Should the government have stepped in? And could the Fed now pause or pivot as a result of this? We’ll debate, and tell you all you need to know.
3/13/202353 minutes, 9 seconds
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The Fed & The Financials 3/10/23

Regulators just shut down Silicon Valley Bank, also known as ‘SVB Financial,’ in the largest U.S. bank failure since the 2008 financial crisis. Shares were halted all day long as the bank’s capital raise reportedly failed. And yet because of the strong jobs report this morning, some folks are still saying the Fed should hike by another half point at its next meeting in 10 days. But should they actually be slamming the brakes?We’ve got full team coverage of all that you need to know, and will explain what’s at stake for markets, the economy and your money.
3/10/202345 minutes, 46 seconds
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Fed & the Financials, Biden’s Budget, and Labor Pains 3/9/23

Banks under pressure…two stocks in particular making news today. It’s for different reasons, but both highlighting concerns about the banking system. We have the names, and why our guest says you should buy them regardless.  Plus, President Biden unveils his budget plan. We look at what’s part of it, and how it sets the stage for a debt ceiling showdown. And, he has unique insight into the labor market. As always, on the eve of the big report, Recruiter.com CEO Evan Sohn joins us with the trends he’s seeing, and what we should expect in the jobs number tomorrow. 
3/9/202345 minutes, 23 seconds
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Unnecessary Recession?, Rates & Real Estate, and “No Soft Landing” 3/8/23

It’s Day 2 on Capitol Hill for Jerome Powell, with more of the same message: the data will determine what the Fed does next.Mohamed El-Erian says what comes next could very well be a Fed-made recession. Is he right? We’ll debate.Plus, rising rates & a lack of inventory are resulting in stubbornly-high home prices. We’ll look at new data suggesting it’s not getting any better.And, KBW warns a “soft landing” is now off the table. Their analyst will join us with names in banking, life insurance & REITs that are most exposed.
3/8/202345 minutes, 31 seconds
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“Stay the course until the job is done” 3/7/23

Fed Chair Jerome Powell just wrapped up his semi-annual testimony before the Senate baking committee, saying the Fed will “stay the course until the job is done.”That could include higher interest rates than previously anticipated, and a quicker pace of hikes. And that has stocks selling off today. We’ll tell you all you need to know.
3/7/202345 minutes, 3 seconds
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Fed vs. Markets, Buy or Bail?, Bull vs. Bear 3/6/23

Stocks are higher, even as the yield curve flashes a worsening recession warning. Are investors growing complacent? Will Jerome Powell address it on Capitol Hill?It’s a big week for the markets & the economy, and we’ll get you ready for it with how to be positioned for success.Plus, the White House is expected to crack down further on investments in China, but details are scant. So should investors buy or bail? We’ll debate.And, Amazon has underperformed the QQQs by 50% since its pandemic peak. Amid growing headwinds, how should you trade the stock? We’ll have a bull vs. bear debate.
3/6/202345 minutes, 56 seconds
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Toss Out the Rules?, Risky Business, and the China Conundrum 3/3/23

Everyone’s talking about whether or not the Fed needs to take interest rates to 6% now. But what if even that number is too low?According to the “Taylor Rule,” rates should be headed towards 10%. Is that really feasible? We’ll ask “Taylor Rule” creator John Taylor himself.Plus, office REITs have been crushed by rising rates and slowing demand. But there’s one better positioned than the rest. We’ll reveal the name.And, Kyle Bass is calling Xi Jinping’s latest moves “installing a war cabinet.” So should you stay away from investing in China? We’ll debate.
3/3/202345 minutes, 8 seconds
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From the Desk of Kelly Evans: Should you rotate out of index investing? 3/3/23

Kelly explains why the traditional portfolio might not survive in this economic environment.
3/3/20233 minutes, 34 seconds
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Data Delusion. Invest Overseas?, and “Burn the Boats” 3/2/23

Is the Fed making decisions based on increasingly imprecise jobs data? One of our guests says “yes.” We’ll look at the issues, and potential fallout for markets & the economy.Plus, Europe has a major inflation problem. Experts have warned to stay away, but that’s not stopping our guests from investing there. They’ll tell us where they see opportunity.And, Matt Higgins of RSE Ventures joins us in studio to talk about his VC investments, his new book, and whether Momofuku would ever go public.
3/2/202345 minutes, 33 seconds
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The Exchange 3/1/23

Tesla holding its investor day, but could Tesla’s current competitive advantage become its weakness? The long-time best-performer on the S&P citing forex headwinds in its Q4…we’ve got some names that hold up better during dollar dominance.  Plus, 15 ways to play AI from Bank of America. 
3/1/202345 minutes, 1 second
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From the Desk of Kelly Evans: Are rates now going to 6%? 2/28/23

Kelly explains why the Fed could continue tightening much, more more.
2/28/20233 minutes, 5 seconds
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Ready For Prime Time, International Warning Signs?, and $400 Billion on The Docket 2/28/23

One of the few issues with bipartisan support in congress is heading for prime. Tonight will mark the first hearing from the House Select Committee on strategic competition between the U.S & China.We’ll explain the key national security concerns at stake, and why the chief economist of the China beige book says these are baby steps in solving our problems.Plus, China’s reopening is giving stocks in that region a boost, and sparking global growth hopes. But MKM’s Michael Darda disagrees. He’ll join us to explain why he’s skeptical on China, and Europe too.And, $400 billion in student loan debt is in the crosshairs of the Supreme Court, with the first steps toward loan forgiveness now underway. We’ve got the latest details.
2/28/202345 minutes, 20 seconds
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From the Desk of Kelly Evans: The small business problem 2/28/23

Kelly explains why the small business boom may be coming to an end, and what that means for the broader economy.
2/28/20232 minutes, 47 seconds
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The Read on Rates, and No Pause, No Problem? 2/27/23

Do rates actually matter to the stock matter anymore? One of our guests says “yes,” and that yields need to stop rising to trigger a new bull market.But our own Michael Santoli says it doesn’t quite work like that. He’ll join us to explain why, and make his case.Plus, why have markets and the economy held up so well in spite of these massive Fed hikes? David Zervos of Jefferies has a theory on that. Here’s a hint: it equals about 40% of GDP.
2/27/202345 minutes, 21 seconds
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Full Attack Mode?, Fed Fallout, and 3 Buys & A Bail: AI Edition! 2/24/23

Inflation was trending lower…until today. So will the Fed now shift to full ‘attack mode?’ We’ll explore all the scenarios, and what they mean for markets & the economy.Plus, what would ‘attack mode’ do to housing? New home sales just hit their highest level in nearly a year, but could the Fed kill that momentum? We’ll discuss.And, Wall Street has been loving AI stocks lately. But how do you separate real promise from hype? We’ll look at some not-so-obvious ways to play AI technology. 
2/24/202344 minutes, 46 seconds
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No more Doves, The China Divide & The Nat Gas Collapse 2/23/23

It’s just hawks and more hawks at the Fed now…so how much higher will rates go? How fast will the Fed get there? And what does it mean for the markets? We’ll debate.Plus, with the reopening underway, is now the time to invest in China? Foreign policy experts and investors disagree. We’ll speak to one long-time China watcher who really surprised us the last time he was on the show. And, natural gas prices have plunged since September. We look at what’s driving the declines and when consumers could see lower heating bills.   
2/23/202344 minutes, 57 seconds
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Who’s backing Bullard?, “Money Illusion”, and Wings & Inflation 2/22/23

St. Louis Fed President James Bullard just reiterated his call to hike rates north of 5% to beat inflation. How many other Fed officials agree? We’ll set you up for Fed minutes due out shortly, which could give us a clue.Plus, one expert says high inflation is leading some companies to suffer from “money illusion”…and it’s one reason why layoffs haven’t hit just yet. We’ll look at what that means for markets.And, shares of Wingstop are soaring nearly 10% after earnings. We’ll talk to the CEO about the disinflation he’s seeing. And we’ll also hear from the Travel + Leisure CEO about the high demand he’s still seeing, too.
2/22/202344 minutes, 40 seconds
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From the Desk of Kelly Evans: The stimulus is still happening 2/22/23

Kelly explains why Covid-era stimulus spending is still effecting consumers & the economy today.
2/22/20232 minutes, 32 seconds
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State of the Consumer, Bet on the Bulls, and Rates, Retail & Risk-On 2/21/23

Walmart & Home Depot have both given disappointing outlooks for the year. Walmart’s CFO warns the consumer is “very pressured.” We’ll speak with an expert who says there will be no “landing” for the economy until there’s a hard landing.Plus, why has none of this been bad news for the stock market today? We’ll speak with an expert who insists the 2023 rally can continue, despite today’s sell-off. He’ll answer some viewer questions, too.And, it’s all about rates, retail and risk-on in a fresh edition of ‘Earnings Exchange.’ We’ll give you the action, the story and the trade in TJX Companies, Toll Brothers & Coinbase ahead of results.
2/21/202344 minutes, 45 seconds
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From the Desk of Kelly Evans: Do rates need to go much (much) higher? 2/21/23

Kelly explains why the recent market rally shouldn’t be taken lightly.
2/21/20232 minutes, 49 seconds
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From the Desk of Kelly Evans: The long, long wait for recession 2/17/23

Kelly explains why just because it’s taking a while, doesn’t mean a recession is off the table.
2/17/20233 minutes, 28 seconds
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From the Desk of Kelly Evans: What is the CPI report telling us? 2/17/23

Kelly digs into the details of the latest inflation report.
2/17/20232 minutes, 54 seconds
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From the Desk of Kelly Evans: Why haven't there been more blowups? 2/17/23

Kelly highlights how data continues to hold up relatively well, despite the Fed’s massive tightening strategy.
2/17/20232 minutes, 55 seconds
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The Fed’s Next Move, Buy The Dip?, and “Shop or Drop” 2/17/23

Is a half point rate hike now in play? Two Fed officials are making the case for it. But one of our guests says things aren’t as strong as they seem. He’ll join us to explain where he sees the Fed heading next. Plus, our market expert says if you think the recent rally is premature…it’s not! He says it all makes perfect sense, and he’ll join us to explain why & what he’s buying here. And, retail heavyweights like Walmart and Home Depot are set to report earnings next week. We’ll look at 4 names in the space to “shop or drop” ahead of results.
2/17/202344 minutes, 56 seconds
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From the Desk of Kelly Evans: The State of the Union 2/16/23

Kelly highlights some encouraging things happening in the economy in the long-term.
2/17/20232 minutes, 31 seconds
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Taking A Breather, “Volmageddon 2.0,” and 3 Rates & The Consumer 2/16/23

Inflation is still hot. Labor is still tight. Housing is firmer than expected, and manufacturing is doing worse. The markets are taking a breather as a result. So where do we go from here? We’ll debate.Plus, the options market is flashing a major warning sign. Are we heading for “Volamageddon 2.0”? We’ll look at what it is, and whether it really matters to equity markets.And, rates are jumping for everything from auto loans to credit cards, just as card balances reach a post-pandemic high. How much longer is this sustainable? We’ll explore.
2/16/202344 minutes, 56 seconds
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Retail Detail, Travel Trade, and Earnings Exchange 2/15/23

The latest CPI print showed inflation is still high, and yet new retail sales numbers show consumer spending is still strong! Is the U.S. consumer simply unflappable? We’ll debate.Plus, travel is one area of the economy still going strong. Choice Hotels just delivered a blockbuster report and guidance. The CEO will join us live with key consumer trends he’s seeing.And, 3 big momentum stocks are set to report results tonight. We’ll give you the action, the story and the trade in Roku, Shopify & Zillow in ‘Earnings Exchange.’
2/15/202344 minutes, 51 seconds
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The “Unresolved Tensions” Trade, Inflation Situation, and Earnings Exchange 2/14/23

Stocks are under pressure after today’s hotter-than-expected CPI print. A 5-star fund manager will join us to reveal his “tensions” trade, and names that could be resilient in the face of sticky inflation.Plus, we’ll do a deep dive into the CPI report, including what it means for the Fed’s tightening strategy, the path of the economy and your money.And, we’re not done with Earnings Season just yet. We’ll give you the action, the story and the trade in Airbnb, Taylor Morrison Home & Generac ahead of results on deck.
2/14/202345 minutes, 15 seconds
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Bracing for CPI, High Altitude, High Stakes?, and Health of Housing 2/13/23

Stocks are shaking off their CPI jitters, with the big inflation report due out before the bell tomorrow morning.  Will it show inflation re-accelerating, or give the Fed some breathing room? We’ll explore what’s at stake for your portfolio.Plus, we’ve now reached 4 unidentified objects shot down from our skies in 9 days. We’ll look at the companies involved in this unprecedented defense response.And, is the spring selling season already off to a decent start for real estate? We’ll dive into the trends on the ground, and the data pointing to ‘yes.’
2/13/202345 minutes, 23 seconds
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Betting On The Consumer, Renting, Buying & Building, and 3 Buys & A Bail 2/10/23

Don’t underestimate the American consumer. Sentiment continues to improve, and one of our experts sees continued resiliency despite rising rates. She’ll reveal the names she’s buying because of it.Plus, the great question for this Spring is: how will the housing market fare? We’ll drill down on 3 keys area of real estate, and what they mean for prices, inflation and housing stocks.And, we’re counting down to the big game this Sunday. We have a special ‘3 Buys & A Bail’ with the companies set to spend big on ads this year, and who could win the night.
2/10/202344 minutes, 41 seconds
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The Data Disconnect, “The Proxy Fight is Over,” and “MIFTs” 2/9/23

The 2/10 yield curve is the most-inverted it’s been in 40 years, but the jobs market is incredibly strong…we dig into what the data disconnect means for the markets. Disney reveling its restructuring plan in its earnings release, prompting activist Nelson Peltz to declare “the proxy fight is over.” David Faber interviewed Disney CEO Bob Iger about those plans and joins us to discuss the future of the media giant. Plus, lithium gets most of the attention when it comes to EV batteries, but don’t sleep on the so-called MIFTs; they could be poised for a breakout.
2/9/202344 minutes, 58 seconds
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“Time To Play Offense”, What’s The Plan?, and “A+” for AI 2/8/23

Stocks are off to a hot start in 2023, and that has one expert saying it’s “time to play offense.” But how long can that strategy work when the economy is slowing? We’ll ask.Plus, all eye are on Disney ahead of its earnings tonight. What’s the plan now that Bob Iger is back at the helm? We’ll ask one of the biggest bulls on the street what he wants to hear.And, on a day where investors are giving Google’s AI efforts a poor grade, one expert claims the technology can actually help kids more than hurt when it comes to education. He’ll join us to explain why.
2/8/202345 minutes, 12 seconds
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From the Desk of Kelly Evans: How can margins NOT collapse? 2/8/23

Kelly explains why you can’t have higher wages and rising corporate profits in this economy.
2/8/20233 minutes, 7 seconds
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Disinflation Situation, and Microsoft’s A.I. Ambitions 2/7/23

Federal Reserve Chair just finished his live speech at the Economic Club of Washington, where he confirmed disinflationary process has begun. We’ll recap all the major points, and what they mean for you & your money.Plus, Microsoft’s big A.I. is now underway. CEO says A.I. is going to reshape everything in the software space. We’ll discuss what’s at stake for the company and the future of big tech.
2/7/202332 minutes, 53 seconds
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Fed Up!, Rising Tensions, and Earnings Exchange 2/6/23

Last week’s smaller rate hike from the Federal Reserve already didn’t sit well with former Fed Governor Lawrence Lindsey. And then came the shockingly good jobs report.Lindsey now says Jerome Powell needs to give the market a “slap” – and not just a warning. He’ll join us to make his case, as we gear up to hear from Powell again tomorrow.Plus, tensions between the U.S. and China are rising, after a suspected “spy balloon” floated across the country, leading to a cancelled diplomatic meeting. We’ll look at the potential economic fallout.And, we’ll tell you all you need to know about Pinterest, BP and Royal Caribbean ahead of results on deck in a fresh edition of “Earnings Exchange,” as worries about corporate profit margins grow.
2/6/202345 minutes, 44 seconds
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Is “Good News” Now Good News?, Apple’s Rough Report, and Media Momentum 2/3/23

We just got a blockbuster jobs report, and markets are taking it in stride. So is “good news” truly good news now? Or could the Fed apply a bigger brake and put a stop to the 2023 rally? We’ll debate.Plus, Apple just reported its biggest quarterly revenue decline since 2016. And CEO Tim Cook says he sees more pain ahead. So why is one of our guests still bullish? He’ll join us to make his case.And, media stocks have been on fire so far this year. And the names leading the pack may just surprise you. We’ll look at what’s behind the gains, and whether they can keep rallying from here.
2/3/202345 minutes, 47 seconds
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From the Desk of Kelly Evans: "It always looks like a soft landing at first" 2/2/23

Kelly explains why investors flooding back into “risk-on" might be in for a rude awakening.
2/3/20232 minutes, 25 seconds
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Risk-On Back On?, Buy or Bail, and Tech-Tonic Shifts 2/2/23

Tech stocks are going bonkers again, led by Meta and helped by both earnings and the Fed. Can the rally keep going when Apple, Amazon and Alphabet report tonight? We’ll tell you the key things to watch. Plus, Ray Dalio warns we’re on the brink of economic war with China. But one of our guests says if you’re looking for opportunity in equities, China is the place to be. He’ll reveal what he’s buying. And, on-shoring supply chains, and off-shoring talent. We’ll look at how technology is changing how companies work, who they hire, and where their workers are with XPRIZE CEO Peter Diamandis.
2/2/202346 minutes, 6 seconds
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The Market Disconnect, Debt Dilemma, and Housing Headwinds 2/1/23

We’re just an hour away from the Fed’s latest rate decision, with some big implications for your money. Markets are already gearing up for a pause or pivot later in the year, and yet the Fed remains hawkish. We’ll explore why that divide could grow even wider. Plus, all of the Fed’s rate hikes have pushed credit card rates to record highs. One industry watcher expects them to top 20% after today. And now the White House is trying to cut consumers a break. We’ll bring you the latest details. And, mortgage demand continues to plunge, and yet homebuilder stocks are actually holding up quite well. What might happen after today’s expected rate hike? We’ll debate.
2/1/202340 minutes, 22 seconds
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Countdown To The Fed, Health of the Consumer, and Dis-AD-Vantaged? 1/31/23

We’re just over 24 hours from the latest Fed decision on interest rates. We’ll look at what the market wants…why the Fed will likely ignore it…and when the gap between the two could finally close. Plus, shrinking cash hoards, bloated inventories and falling profitability. We’ll look at which retailers are best & worst positioned as the consumer begins to wobble. And, speaking of wobbling – what’s going on with digital ad spending? We’ll look at whether competition – or recession – is the real reason large cap names have been struggling.
1/31/202344 minutes, 28 seconds
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From the Desk of Kelly Evans: Hikes? How about rate CUTS 1/30/23

Kelly explains why the Fed might be closer to cutting interest rates than it might believe.
1/31/20233 minutes, 8 seconds
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The Biggest Labor Problem Facing the Fed, The Busiest Week of Earnings, and The Return of the Tesla Short 1/30/23

Apollo’s Torsten Slok reveals the biggest labor challenge facing the Fed that no one is talking about. The action, the story, the trade on Caterpillar, NXP, and McDonald’s ahead of earnings. And Carter Worth called the drop in Tesla back in June, why he’s getting bearish after saying to “nibble long” in December. Plus, the Super Bowl Indicator—can you trust it?
1/30/202344 minutes, 15 seconds
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Growing or Slowing?, Chips In The Wrong Basket?, and 3 Buys & A Bail: Buyback Edition 1/27/23

Is the economy growing, or slowing? There hasn’t been this much confusion over economic data since…last year. So which way does the Fed see things right now? We’ll debate. Plus, Intel is selling off after a brutal earnings report. This as lawmakers in Washington are spending billions to benefit it. Did DC back the wrong horse? We’ll explore. And, stock buybacks tend to make Gina Sanchez’s skin crawl…but there are exceptions! She’ll reveal 3 buybacks you should like, and one to bail on here.
1/27/202345 minutes, 11 seconds
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From the Desk of Kelly Evans: Mission accomplished? 1/27/23

Kelly explains why there may finally be enough incentive for the Fed to pause hiking.
1/27/20232 minutes, 47 seconds
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Buyback Outrage, Don’t be Fooled!, and Don’t Bet On Bargains 1/26/23

Chevron’s massive stock buyback is the talk of the day. Investors are loving it, while the White House is taking issue with it. We’ll bring you the story, the controversy and the trade. Plus, today’s econ data might suggest the economy is doing just fine. But don’t be fooled! We’ll look at why the Fed isn’t likely to slow down yet, and how you can position in the meantime. And, housing is one area that is indeed seeing a slowdown. But if you’re in the market and hoping that spells a good deal, we’ll speak with an expert who says don’t get your hopes up too high.
1/26/202345 minutes, 23 seconds
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From the Desk of Kelly Evans: Don't let them fool you 1/26/23

Kelly explains why some economic data still remains troubling.
1/26/20233 minutes, 14 seconds
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Microsoft Landing?, International Flavor, and Tesla’s Rough Ride 1/25/23

Microsoft is weighing on the broader markets today, though stocks are off the lows as it sets in that its quarter wasn’t as bad as some feared. And while Microsoft can’t control enterprise spending, they can invest heavily in growth technologies like AI. Does that make it a ‘buy’ here? We’ll debate. Plus, as we move through a choppy earning season, are you wasting time investing in the U.S.? We’ll speak with an expert who sees more upside in International stocks. And, Tesla earnings are on deck. We’ll be joined by the analyst who thinks the stock could go to $425 per share – but for a different reason than you might expect.
1/25/202344 minutes, 58 seconds
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From the Desk of Kelly Evans: This is really bad timing for a debt ceiling fight 1/25/23

Kelly explains why a debt ceiling fight in Congress could have far-reaching consequences.
1/25/20233 minutes, 10 seconds
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Sell till Summer?, Cloud Concerns, and “Egg-cellent” Picks 1/24/23

Stocks are giving back yesterday’s gains, and one of our experts is hardly surprised. He says to sell any rally until at least the summer. He’ll join to explain why. Plus, everyone is bracing for tonight’s earnings from Microsoft. We’ll tell you what to look for, and how to position ahead of the big report. And, sky-high egg prices could be a tailwind for one key group of stocks. We’ll reveal the names, and tell you which are most attractive here.
1/24/202345 minutes, 15 seconds
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A Fed Pause? ‘More Concerned than Ever About China,’ and The Great Tech Reckoning 1/23/23

Noted economist Paul McCulley tells us why a pause in Fed rate hikes would be ‘fully justified.’ Yale’s Stephen Roach is more concerned about China than he’s ever been. And layoffs, AI, search battles, oh my…we dig into the reckoning in tech and what’s next for the likes of Google and Microsoft.
1/23/202344 minutes, 58 seconds
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From the Desk of Kelly Evans: "Leading" us right over a cliff 1/23/23

Kelly explains why this week’s economic indicators report could spell big trouble ahead for the economy.
1/23/20233 minutes, 12 seconds
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Follow the Fed Speak, Big Tech Jobs Cuts, and Savings Down, Debt Up 1/20/23

It’s been a big week of Fed speakers dominating headlines, and we’re not done yet. Federal Reserve Governor Christopher Waller is speaking today at the Council of Foreign Relations, and we’ll bring you the key headlines. Plus, Alphabet is joining the list of big tech giants announcing job cuts, set to lay off 12,000 workers. We’ll explore what it all means for the sector after a rough year in 2022. And, the U.S. personal savings rate has plummeted from pandemic-era highs, while household and credit card debt soar to new records. We’ll explain why 2023 could be a rough year for consumers.
1/20/202346 minutes, 49 seconds
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Emerging Opportunities, the Fed’s Pedal to the Metal, and Three-peat for Oil? 1/19/23

With inflation slowing, but sticking around here in the US, should investors look overseas? Why Europe is beginning to look attractive—and why the Fed needs to pause rate hikes, according to one bond investor. Plus, oil was the top performing sector for two years in a row, could 2023 be a record three-peat? Amrita Sen weighs in with why she’s bullish.
1/19/202344 minutes, 12 seconds
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Dollar Doldrums, The Next Big Vaccine Race, and Debt Ceiling Showdown 1/18/23

The Bank of Japan is standing pat on its yield curve control policy, and that’s reverberating throughout global markets. We’ll drill down on the decline in the dollar, and the stocks poised to benefit here. Plus, Moderna’s RSV vaccine efficacy is driving the stock higher, and setting the stage for a new post-Covid battleground. We’ll speak to an analyst who says this could be a game changer for $MRNA shares. And, the U.S. is poised to hit its debt ceiling tomorrow, much sooner than expected. And a showdown in Washington could come at a high cost. We’ll look at the potential fallout for markets & the economy.
1/18/202344 minutes, 49 seconds
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Worst Miss In A Decade, Growing Pains, and Wings, Wheels & Deals 1/17/23

Big banks are back in the spotlight today, with Morgan Stanley & Goldman Sachs reporting earnings. And both stocks are taking off in opposite directions. Goldman seeing its biggest miss in a decade…while Morgan topped estimates and reported record wealth management revenue. We’ll break down all the headlines. Plus, a slowing economy, slowing population growth, and a resurgence in Covid cases. We’ll give you the latest news out of China, including what it all means for investing there. And, we’ll give you the action, the story and the trade on United Airlines, J.B. Hunt & Prologis ahead of results on deck in ‘Earnings Exchange.’
1/17/202345 minutes, 17 seconds
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Growing or Slowing?, Risk Trade Returns, and 3 Buys & A Bail 1/13/23

Different data points are giving you very different stories about the economy right now. So are we growing, or slowing? We’ll debate. Plus, speaking of which -- “Meme Stocks” are back! Is that a red flag for investors, or a green light for stocks? We’ll ask our experts. And, on the heels of Disney’s proxy fight, we have a very special edition of “3 Buys & A Bail” that you won’t want to miss.
1/13/202344 minutes, 10 seconds
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From the Desk of Kelly Evans: The Fed pause is nearly at hand 1/12/23

Kelly explains how a Fed policy pivot could be just around the corner.
1/12/20232 minutes, 23 seconds
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Fed vs. Markets, “Lost Its Way”, and the Bank Barometer 1/12/23

Is a Fed pause now just around the corner? Markets already seem to be coming to that conclusion, and now some FOMC members are signaling it too. We’ll debate. Plus, activist investor Nelson Peltz wants a seat on Disney’s board, saying the company has “lost its way.” We have the latest details, and what it means for the stock. And, bank earnings are on deck, with a much-needed pulse on the economy incoming. Will it expose cracks, or continued strength? We’ll look at what to expect.
1/12/202349 minutes, 29 seconds
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From the Desk of Kelly Evans: Here comes the headfake 1/12/23

Kelly explains why the Fed might not be as hawkish as it seems to be.
1/12/20233 minutes, 1 second
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FTX Fallout, Bailing on a Bailout, and an “Extraordinary” Outage 1/11/23

FTX is back in bankruptcy court today, as company lawyers claim they’ve recovered over $5 billion worth of ‘liquid’ assets. But that still leaves them about $3 billion short of what customers are owed. We’ve got the latest details. Plus, remember when FTX wanted a bailout? Apollo was one of the firms they turned to. We’ll ask its Co-Head of Private Equity why they ultimately passed on that opportunity. And, another week, another airline mess – this time, an FAA outage grounding flights nationwide. We’ll check in with a veteran pilot who says what we’re seeing today is simply “extraordinary.”
1/11/202343 minutes, 57 seconds
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From the Desk of Kelly Evans: Do they see what we see? 1/10/23

Kelly opines on the Fed’s difficult balancing act for 2023.
1/10/20232 minutes, 47 seconds
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Data Disconnect, Pockets of Opportunity, and Taking (A.I.)M 1/10/23

Inflation is receding. Jobs & GDP are growing. Even jobless claims are relatively low. And yet, yield curves are flashing a huge warning sign that a downturn is coming. So why isn’t the Fed acknowledging it? We’ll debate. Plus, if you’re looking to deploy some cash in this market, we’ll speak with an expert who says there are 2 sectors to bet on and 2 stocks to buy right now. And, Microsoft is reportedly making another big bet on OpenAI’s ChatGPT program. But so are hackers. We’ve got the latest details.
1/10/202343 minutes, 54 seconds
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Fed Faux Pas?, Policy Problems, and Far To Fall? 1/9/23

Despite myriad signs the economy is slowing, the Fed remains on a pre-set hawkish course. So should they switch and start pausing rate hikes? We’ll reveal the one data point flashing a big warning sign. Plus, the House finally has a Speaker! But the concessions made to get there may not bode well for business. We’ll tell you all that you need to know. And, Apple shares have been a stubborn weak spot in the market lately. But Toni Sacconaghi of Bernstein says they’re still too pricey. He joins us to explain why.
1/9/202344 minutes, 39 seconds
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Job Market Relief, Biogen’s Big Bet, and Stop Trying to Beat the Market! 1/6/23

Stocks rallying after wages in December grew at a slower than expected rate. We dig into what it means for the Fed and your money. The FDA expected to decide on Biogen’s second Alzheimer’s treatment, Jefferies’ analyst Michael Yee tells us what makes this drug different than its maligned first drug Aduhelm. Plus, “A Random Walk Down Wall Street” 50 years later. Wall St. legend Burt Malkiel makes his case for passive investing and why investors shouldn’t trust historic returns…especially now.
1/6/202344 minutes, 34 seconds
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From the Desk of Kelly Evans: The end of FA(A)NG 1/4/23

Kelly explains why the FANG trade has finally fizzled out.
1/4/20233 minutes, 7 seconds
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Fed Minutes on Deck, DC Dysfunction, and a Stock Picker’s Dream? 1/4/23

It’s the countdown to the Fed Minutes and everyone is wondering whether there will be signs of a fracture about what the Fed should do next. We’ll get you set up and run through the latest jobs and inflation numbers. Plus, more DC drama as the GOP struggles to elect a House Speaker. We look at why this could set the stage for two years of tail risk, and the potential fallout for the economy and the markets. And, speaking of markets, if you’re stock picker, you can get some high quality names at bargain prices right now. Our market guest brings four of his favorites…and there’s a twist.
1/4/202344 minutes, 44 seconds
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From the Desk of Kelly Evans: What if the Fed jacked rates up? 1/3/23

Kelly explains why the effects of the Fed’s tightening in 2022 could finally start to be felt throughout the economy in the new year.
1/3/20232 minutes, 40 seconds
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Bulls or Bears?, The Case for Commodities, and A Rough Ride 1/3/23

Last year was miserable for stocks. And so far, this year is too. One expert says it won’t get better right away, either. But he’s finding opportunity in the wreckage, and one of his top picks is quite contrarian. He’ll join us to explain why. Plus, one oil bull is remaining steadfast. Jeff Currie of Goldman Sachs joins us to explain why he thinks the set-up for commodities could be the best since the start of the ‘super cycle’ in 2020. And, Tesla’s latest deliveries fell short of expectations, and the stock is now down by more than 70% in the past year. So when will Wall Street finally throw in the towel? We’ll speak to an analyst still rating $TSLA a ‘strong buy.’
1/3/202343 minutes, 50 seconds
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From the Desk of Kelly Evans: If Anyone Utters the Following Phrases… 12/30/33

Kelly discusses predictions about the stock market for 2023...and whether anybody actually knows anything.
12/30/20222 minutes, 6 seconds
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Bringing the Bulls Back, Energy’s Huge Year, and the Ad Spending Slowdown 12/30/22

All three major averages on pace for their worst year since the Great Financial Crisis, but there’s one thing that could bring the bulls back, says Potomac Wealth Advisors’ Mark Avallone. Energy the only sector to end the year in the green, up 58%, but that run could be poised to end. We tell you why. And the ad spending slowdown wreaking havoc across media of all stripes, will 2023 bring more pain? A digital ad exec weighs in. Plus, Art Cashin returns to the NYSE floor for a New Year’s tradition!
12/30/202244 minutes, 47 seconds
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Ride the Rally?, Reopening Wreckage, and the Debut Doldrums 12/29/22

Stocks are higher today, nearly erasing this week’s losses for the Dow and S&P 500. But with the 2-year yield climbing back toward 4.4%, are short-term bonds the better bet? We’ll explore. Plus, Goldman Sachs warns that China’s earlier-than-expected reopening could actually disrupt the supply chain even further. We’ll dig into the potential economic fallout. And, 2022 was the worst year for IPOs in more than 3 decades. We’ll ask an expert why he believes 2023 may not be an better.
12/29/202244 minutes, 45 seconds
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From the Desk of Kelly Evans: The $12 trillion that vanished 12/28/22

Kelly highlights the vast amount of wealth erased by stock market and other losses this year.
12/28/20223 minutes, 30 seconds
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Travel Trauma, “Ridiculously Overvalued”, and a Power Shift 12/28/22

Thousands of travelers are still stranded, as Southwest flight cancellations near 16,000 in the past week. We’ll get the latest details, and tell you which stocks are most affected. Plus, Tesla is having its worst month…quarter…AND year on record. But one investor say it’s still not cheap! He’ll tell us why, and which names he’s buying here too. And, forget the “Great Resignation”…2022 was the year of “Great Regret.” So what kind of job market are we heading into next year? Our own Sharon Epperson brings us the verbal cues.
12/28/202244 minutes, 18 seconds
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From the Desk of Kelly Evans: The actual biggest story of the year 12/28/22

Kelly highlights an emerging technology that could upend society as we know it.
12/28/20223 minutes, 46 seconds
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Peak Inflation?, Easing in China, and 6 Reasons to Buy Apple 12/27/22

Bond yields are on the rise to start this shortened trading week. But why are they up so much if all the talk is about inflation “peaking”? We’ll explore. Plus, China is easing Covid policies, and even welcoming travelers as a way to boost its economy. We’ll discuss the ripple effects for the global market. And, 2022 has been a sour year for Apple, with shares falling more than 25%. But Citi has 6 reasons it could trade higher next year. The analyst behind the call joins us.
12/27/202244 minutes, 19 seconds
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From the Desk of Kelly Evans: How much would you pay for Sunday Ticket? 12/27/22

Kelly explains what’s at stake for YouTube’s quest for the NFL Sunday Ticket.
12/27/20223 minutes, 7 seconds
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From the Desk of Kelly Evans: Uh oh...tokens ARE securities 12/27/22

Kelly explains the ramifications of regulators classifying crypto tokens to be securities.
12/27/20222 minutes, 45 seconds
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From the Desk of Kelly Evans: The Do's and Don'ts of Regulating Crypto 12/23/22

Kelly explains the difficult tightrope of trying to regulate crypto industry.
12/24/20224 minutes, 21 seconds
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Macro Confusion, Bet On Tech?, Tesla’s Tough Ride 12/23/22

We’re seeing some macro confusion for the markets, as inflation has come down, yet not down far enough. While growth is also slowing, but apparently not by enough. So how do you position here? We’ll explore. Plus, speaking of confusion – what are semiconductor stocks signaling right now? And should you scoop them up to lead a Tech comeback in 2023? We’ll ask our experts. And, long-time Tesla bull Dan Ives just lowered his price target on the stock, saying Elon Musk is asleep at the wheel. But he’s still a buyer! He’ll join us to make his case.
12/23/202243 minutes, 54 seconds
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Market Selloff, FTX Fallout, and Storms & Stocks 12/22/22

David Tepper was famously long on the Fed-driven market of the last decade. But now, he says he’s “leaning short” on stocks because of it! We’ll look at why, and whether he’s right. Plus, we have more details on the FTX bankruptcy scandal, and its impact on the entire crypto space. We’ll speak with one expert who remains bullish on the space, and will explain her case. And, from a ‘perfect storm’ in the retail sector, to an actual storm that could derail your travel plans, we’ll hear from retail legend Mickey Drexler about all of that.
12/22/202244 minutes, 53 seconds
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Fed vs. The Market, State of Housing, and Reworking Retirement? 12/21/22

Stocks are getting a lift from better-than-expected earnings today. Consumer confidence also beat expectations. But housing is stuck in a deep freeze, and the Fed and markets are still on 2 different pages for 2023. We’ll explain why, and what it means for you. Plus, rising rates have crushed mortgage lenders. The CEO of Rocket Companies joins us to discuss what his company is doing to soften the blow. And, there could be big changes coming to your 401k, courtesy of Congress and its $1.7 trillion funding bill. We’ll tell you all you need to know.
12/21/202245 minutes, 10 seconds
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Jolt from Japan, Count on the Consumer?, and Shipping & Shoes 12/20/22

Investors got an early morning shocker from Japan. We’ll explain why it has rates climbing globally, and whether or not it means central banks are losing their grip on markets. Plus, Carter Worth warned us away from high-flying consumer stocks yesterday. But today, we’ll hear from another investor who says it’s time to bet on the consumer in 2023. And, 3 months ago FedEx kicked off a market scare by warning of a global recession. As they get to report earnings again today, what should investors brace for now? We’ll explore that & Nike earnings on deck in ‘Earnings Exchange.’
12/20/202244 minutes, 20 seconds
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From the Desk of Kelly Evans: Do you wait for the labor market to soften...or not? 12/19/22

Kelly explains why the Fed has a difficult balancing act ahead in 2023.
12/19/20223 minutes, 47 seconds
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Tech Turnaround?, Wining Ticket?, and “Chart of the Year” 12/19/22

We’re kicking off a new week with stocks trading a bit heavy. The Nasdaq is down more than 1% today, and 30% this year. But we’ll hear from one investor who thinks that will turn around in 2023. Plus, Apple has reportedly dropped out of the bidding for the NFL’s ‘Sunday Ticket’ package. So who will get the rights? We’ll bring you that, plus other media predictions for the new