The Exchange

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.

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.

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

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

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

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

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

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

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

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

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. 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 pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly explains how markets are bucking conventional wisdom here. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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

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

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

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

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. 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 pcm.adswizz.com for information about our collection and use of personal data for advertising.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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. 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.CNBC’s Hugh Son joins ‘The Exchange’ to discuss Goldman Sachs’ A.I. powered social network Louisa, the startup community Louisa focuses on, andhow Louisa uses A.I. to pre-populate user information.Ben White, chief economic correspondent at Politico, and CNBC’s Kayla Tausche join ‘The Exchange’ to discuss the ongoing debt ceiling negotiations, June tax revenue expectations, and Donald Trump’s comments about the debt ceiling fight.Wolfe Research’s Chris Senyek joins ‘The Exchange’ to discuss positive guidance in industrials, inventory concerns impacting retail earnings, and guidance for the financial sector leading the downtrend.Andrew Jeffrey, managing director of fintech software research at Truist, joins ‘The Exchange’ to discuss future of banking the shift towards digital banking, how SoFi is attracting deposits with a high-yield savings account, and the case for fintech services.Ran Eliasaf, Northwind Group founder and managing partner, joins ‘The Exchange’ to discuss private equity funds stepping up lending as banks pullback, converting vacant hotels to multi family homes, and concerns about a macro downturn.CNBC’s Pippa Stevens joins ‘The Exchange’ to discuss solar stocks performing better following updated tax credit guidance, a stronger dollar sending oil prices lower, and China’s role as a key player in commodity markets. 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 battle over the debt ceiling is just the beginning of the economic drama playing out in Washington. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

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

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

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. 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 an under-the-radar economic indicator could highlight trouble ahead. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

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

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

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

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. 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.

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

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