The Exchange

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

: 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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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 Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.