The Exchange

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

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

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

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

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

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

Kelly opines on the soaring national debt. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly explains why the Fed isn’t to blame for interest rates rising here. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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

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

Kelly explains why the U.N. General Assembly meeting might be losing its political luster. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

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

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

Kelly explains why private equity could find itself becoming a casualty of the Fed’s rate hikes. Hosted by Simplecast, an AdsWizz company. See https://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.

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

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

Kelly explains why we’re at one of the biggest inflection points the auto industry has ever seen. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly explains why a lot of hype isn’t always best when it comes to IPOs – especially these days. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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

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

Kelly explains why the inflation data doesn’t matter the way it once did. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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

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. 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.

Kelly explains why when it comes to economic data, caution should still be the order of the day. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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. 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.

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

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

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

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

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