The Exchange

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.

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

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

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. 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.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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. 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 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. 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.