The Exchange

First Republic hemorrhaged deposits in the first quarter, and one guest says it’s now a battle of survival.Does that mean hopes for a Fed cut this year are premature? David Zervos from Jefferies will weigh in.Plus, Alphabet and Microsoft earnings are on deck. Will last quarter’s cost cuts be enough to fund their investments in AI? Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Is Bed Bath & Beyond’s bankruptcy a sign of trouble in the retail industry, or simply a case of mismanagement?Plus, the one key data point flashing a signal only see during – or right before – a recession.And with LVMH topping $500M in market cap, is it time to take profits or is a bigger luxury spending boom on the way? Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Is the Fed being too laissez-faire about stress in the banking system? Former Dallas Fed President Richard Fisher says it still has to slay the “inflation dragon” and at least one economist agrees, saying that’s exactly why the Fed will hike rates in less than 2 weeks.Meantime, as the credit crunch hits Main Street, he hear from one small business owner who’s feeling the effects as he tries to expand.And XPrize Founder Peter Diamandis joins Kelly to discuss his latest $11M competition, and the impact AI will have on it, as well as the broader tech landscape. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are back in the red as a key economic indicator unexpectedly drops to a near three year low. It’s one of several data points that has our guest worried. She tells us which signals truly matter right now, and whether we should officially start the countdown to the recession. As for the consumer right now, American Express still sees resiliency, Ally Financial sees rising delinquencies, and one in five Americans are buying groceries with installment loans. We’ll discuss which names are still in the sweet spot, and for how long.Plus, the airlines are supposed to be one of the main pockets of strength right now but Alaska Airlines posting a bigger than expected loss. The CEO joins us for a CNBC exclusive. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Western Alliance is growing deposits – is that a bullish sign for the rest of the regionals? We look at the fallout for the financials post-SVB. Tesla earnings are out after the bell today, and there’s one key metric that Wall Street’s watching. And Nvidia shares have nearly doubled to start the year -- can it keep up the momentum? We speak with one analyst who sees it rallying another 20% from here thanks to AI. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Investors are the most pessimistic they’ve been in in over a decade, but one advisor sees opportunities overseas.It’s a tale of two quarters for Bank of America and Goldman Sachs on day 2 of the big bank earnings reports.Plus, a deep dive into the future of AI regulation in America with VC Sam Lessin and a lookahead to Netflix and United reporting results after the bell. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Earnings season is off to a surprisingly good start. In fact, too strong says one of our guests. He’s bracing for earnings to drop 30 percent. He tells us why he so concerned, and the one sector he is bullish on right now.Plus, a lack of listings helping homebuilders to a near record share of the housing market. So if they have the edge, can you own them for the long run? We debate. And, Google’s CEO says AI will impact every product and every company. We talk to two CEOs who will have a front row seat to those changes. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Investors initially cheering PNC’s earnings report, but after digesting results, the street noting some weakness. What that could signal about the health of the regional banks. Booking Holding shares up 30% so far this year as the travel trade roars back, but one analyst is seeing headwinds. Plus, we dig into the week’s data dump for further indication about what the next Fed meeting could bring, and if the US is indeed on the road to recession. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Producer prices are cooling sharply, while jobless claims are rising. We’ll explain why the economic slowdown could be closer than you think. Plus, the recent bank collapses are touching off concerns about systemic risk in the financial sector. But what if it doesn’t stop there? We’ll dig into some warnings signs. And, Bitcoin has surged back about $30,000 this year. But one key factor is missing in that climb. We’ll reveal what that is, and why it has one analyst very concerned about a crunch. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

San Francisco Fed President Mary Daly says “we don’t expect to continue to raise rates every meeting.” Her remarks follow this morning’s cooler-than-expected CPI print, which boosted stock prices. CNBC received exclusive reaction to the CPI print and more from legendary investor Warren Buffett. We’ll break down his best comments, including the ones you may have missed.Plus, our Buffett “watcher” will reveal which of the Oracle’s stock picks he likes best, and where he sees the most opportunity next. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Markets are anxiously awaiting tomorrow’s CPI report. But should it even matter that much? One of our big investors says “no” – and if anything, it could lead to a big mistake by the Fed.Plus, Wall Street is remaining positive on the big banks ahead of earnings on deck, while Main Street is worried about the potential crunch. We’ll look deeper into the dichotomy. And, when you hear the words “dividend payer,” do you think safety play? Well, you might want to think again. We’ll look at the dividend stocks you’ll want to avoid in this market. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

After the decent March jobs report, Wall Street is now ratcheting up the likelihood of another Fed hike in a few weeks. But our economists say “not so fast!” They’ll explain why more hikes would be a “big mistake” for the Fed, and where they think rates should go next. Plus, we’ll dig into the biggest pain points – as well as some unexpected bright spots – for the upcoming earnings season as low expectations take hold. And, China just wrapped up 3 days of military exercises around Taiwan. We’ve got the latest details, and the U.S. response. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

New jobs data revisions painting an uglier labor market picture than previously thought, which could have the Fed on pause. What that means for both the economy and the tech rally ahead of tomorrow’s key jobs report. But, will lower rates provide a tailwind for tech? Our stock pickers say yes, despite the ongoing outperformance. We have the names to buy now. Plus, the technical tale of two mega cap names—one poised to break out and the other facing steep resistance. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Tech stocks have had a major run this year. But with Loretta Mester echoing James Bullard’s comments in support of more rate hikes, the Nasdaq is underperforming today. So is it time to take profits? We’ll debate. Plus, private payrolls and ISM Services data both came in weaker-than-expected, just ahead of the all-important jobs report. Is Barry Sternlicht’s “serious recession” prediction close to coming true? We’ll discuss. And, one area of services not seeing prices softening is travel. But one analyst sees signs of slowing demand. He’ll join us to make his case, and provide his key names to watch. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Higher rates. Tighter lending. Huge deposit outflows. Will the Fed need to hike rates much further to fight inflation, or will a potential credit crunch do the trick? We’ll discuss. Plus, sentiment is at record bearish levels, according to Bank of America. But one of our strategists says pessimism is clouding investors’ vision. He’ll explain why he’s putting money to work overseas. And, Apple CEO Tim Cook will meet with lawmakers to talk China, Google is coming for employees’ staplers, and Jamie Dimon says AI is “critical” to JPMorgan’s success. We’ll tackle it all in ‘TechCheck.’ Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Black Knight’s Andy Walden, VP of enterprise research, and CNBC’s Diana Olick, discuss affordability constraints weighing on market demand for housing, the weakening inventory for available homes, and buyers willing to return to the market as mortgage rates fall. CNBC’s Sharon Epperson discusses companies introducing financial literacy assistance programs for their employees, the power of financial literacy, and making financial education more accessible and available. Steven Wieting, chief investment strategist at Citi Global Wealth Management Investments, and Peter Boockvar, CIO at Bleakley Financial Group, discuss market expectations for Fed policy, gauging recession concerns, and dislocations in the market for banks. Mark Mahaney, head of Internet Research at Evercore ISI, discusses the tech trade winners, the strength of companies with regular product offerings, and cloud computing brands undergoing an optimization period. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

A key inflation gauge shows prices are cooling. But are they cooling enough for the Fed to hit the brakes on interest rates? We’ll debate.Plus, Citi apparently isn’t worried about a downturn, giving the U.S. a double-upgrade today. Are U.S. equities the place to be? We’ll ask our strategist.And, we’ll look at big changes happening in Hollywood & the movie landscape, and see who’s best-positioned to benefit moving forward. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Inflation overseas is falling sharply. The Nasdaq is up 20% from its lows. And oil is popping 6% this week. Is the market giving us the “all clear” signal, or not? We’ll debate. Plus, we’ll read the tea leaves in the options market, as trading activity picks up in the VIX and high-yield areas. And, health care is one of the worst-performing sectors so far this year, and our investor says the upside in big pharma is capped. He’ll tell us where else to find safety instead. 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 rosy data doesn’t mean we’ve avoided a looming economic downturn. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

It’s Day 2 for bank regulators on Capitol Hill. The biggest revelation so far? $100 billion was about to leave Silicon Valley Bank in a single day.The digital age is changing the game for bank runs, and how to prepare for them. We’ll look at how regulators plan to address that.Plus, our market expert insists the inflation downtrend is about to resume. We’ll ask what makes him so sure, and how he’s positioning as a result.And, investors have been piling into treasurys this year. So has the trade become too crowded? One of our guests says “yes,” and will tell us what he’s buying instead. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Bank regulators are in the crosshairs of lawmakers who want answers on Capitol Hill today. How could Silicon Valley and Signature Bank fail so fast? And could it happen again? We’ll bring you the latest developments, and get reaction from one expert who was a financial regulator during a previous crisis. Plus, Morgan Stanley is hailing Block’s Cash App as the place where Millennials & Gen Z do all of their banking. The analyst behind that call joins us to make his case. And, we’ll explain why the dollar losing its special reserve status would actually be a good thing. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

More bank backstops came to light over the weekend, as U.S. officials reportedly considered expanding an emergency bank lending program. First Citizens Bank also swooped in to acquire SVB’s branches & deposits. And the flow of deposits out of regionals and into larger institutions has started to slow, too. Goldman’s Chief Political Economist joins us to discuss all of it. Plus, one strategist says he’s seeing strength in one part of the banking sector, along with European stocks and quality U.S. names. He’ll tell us which ones. And, the 2-day hearing on SVB’s collapse kicks off tomorrow. We’ll talk to House Financial Services Committee Member Jim Himes about which moves he’d like to see on the FDIC insurance front. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

FT’s Gillian Tett says there won’t be a quick resolution to the current bank woes…and the Fed is not to blame. The SEC recently warned Coinbase of securities violations, and one VC says he wants to see that fight make it all the way to the high courts. Plus, as warnings of a credit crunch grow louder, we take a look at the names in the autos and clean energy sectors that can withstand that pain. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Markets are rebounding on hopes that the Fed could be done raising rates. But would that mean they expect more pain ahead in the banking sector? We’ll discuss.Plus, no further rate hikes should be good news for home buyers -- right? Not necessarily. We’ll dig into the divergence between yields & mortgage rates.And, TikTok’s CEO is testifying Capitol Hill, reassuring lawmakers that the app isn’t a national security threat. We have the latest details, and implications for the social media landscape. 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 us for a special Fed Edition of The Exchange an hour before Powell and company’s rate decision. Bankrate’s Greg McBride joins us with the real-world impact of the fastest and steepest rate hikes in history and what another increase means for consumers. House Financial Services member, and former community bank examiner, Rep. Blaine Luetkemeyer makes the case for regulators to temporarily backstop all bank deposits. Plus, Former Atlanta Fed President Dennis Lockhart tells us what it’s like to be in the room when the Fed Committee meets to hash out a rate decision. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The highly-anticipated Fed meeting kicks off today and we’ll get you ready for all three possible rate scenarios--a hike, a pause or a pivot—and tell you how to position now. And the Fed was left in charge of bank oversight after the Great Financial Crisis, but is the US banking system in better shape or is it just as dicey? Wharton Professor Peter Conti-Brown weighs in…and reveals why he’s getting closer and closer to suggesting the Fed should be stripped of that power. Plus, China and Russia releasing a joint statement saying they will “deepen cooperation and trust” between their armed forces, but that they’re NOT forming a military-political alliance. The Atlantic Councils’ Fred Kempe begs to differ. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly explains what the biggest risk to the Fed’s balancing act really is. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The latest FOMC meeting is set to kick off tomorrow. Will they hike, or will they pause? Are there even any good options here, as questions on the health of global banking remain?We’ll speak with one economist who says the Fed should “pause” here, and another one who expects a “dovish hike.” They’ll each make their case.Plus, Bitcoin continues to rally, back above $28,000 and surging to a 9-month high. We’ll speak with a leading crypto banker about whether or not this rebound is sustainable.And, according to the Wall Street Journal, regulators had concerns about Silicon Valley Bank as far back as 2015. Greg Zuckerman co-wrote the story, and will join us with the details. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jefferies’ David Zervos says despite the financial instability, the Fed will continue to tighten. He tells us why the talk of a pivot is “rubbish.” First Republic holds more than $19b worth of muni bonds…is the safety trade about to be shaken up amid the bank stress? Plus, more than 100m options contracts expire today, and while bearish signals are cropping up, there are still pockets of bullishness. Susquehanna’s Chris Murphy tells us where traders are seeing buying opportunities. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The European Central Bank going full steam ahead despite global banking turmoil….so did the ECB just set the tone for the Fed next week? We look at what to expect and how it may impact the economy and the markets. Plus, contagion from the banks *TO* the housing market would turn the last crisis on its head, but that’s exactly what could happen here. We’ll explain why a failure at First Republic could be felt throughout the housing industry. And speaking of First Republic…David Faber reporting that a group of financial institutions is in talks to give the battered regional bank a major capital infusion. We have the breakdown of who is involved and how much money is being talked about. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Another day of banking concerns is dragging down markets. Credit Suisse appears to be the latest bank on the brink, as the Saudi National Bank says it won’t provide it any more capital.Investors here at home are hoping U.S. financials aren’t exposed to any counterparty risks here. We’ll tell you all you need to know, including how to protect your portfolio here. 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 reeling from the bank collapses we’ve seen over the past week, with many now calling for the Fed to pause rate hikes as a result.But former NEC Director Lawrence Lindsey warns that is the wrong response to what happened here. He’ll join us to make his case.Plus, the CEO of Charles Schwab will join us exclusively to defend his banking strategy, and explain why Schwab won’t suffer a similar fate to Silicon Valley Bank.And, plunging yields likely mean lower mortgage rates to come. Analyst Stephen Kim will join us with the housing stocks that could be a “buy” if rates stay lower. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Both SVB & Signature Bank are now out of business, while First Republic has secured funding from J.P. Morgan & The Fed. A major issue has been the safety of accounts over the $250,000 FDIC cap. But President Biden had some encouraging words this morning, after the government announced a new facility that will offer 1-year loans to banks and pay them par for collateral like treasuries & mortgages to stem the tide. But big questions remain. Is there another shoe to drop in the banking sector? Should the government have stepped in? And could the Fed now pause or pivot as a result of this? We’ll debate, and tell you all you need to know. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Regulators just shut down Silicon Valley Bank, also known as ‘SVB Financial,’ in the largest U.S. bank failure since the 2008 financial crisis. Shares were halted all day long as the bank’s capital raise reportedly failed. And yet because of the strong jobs report this morning, some folks are still saying the Fed should hike by another half point at its next meeting in 10 days. But should they actually be slamming the brakes?We’ve got full team coverage of all that you need to know, and will explain what’s at stake for markets, the economy and your money. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Banks under pressure…two stocks in particular making news today. It’s for different reasons, but both highlighting concerns about the banking system. We have the names, and why our guest says you should buy them regardless. Plus, President Biden unveils his budget plan. We look at what’s part of it, and how it sets the stage for a debt ceiling showdown. And, he has unique insight into the labor market. As always, on the eve of the big report, Recruiter.com CEO Evan Sohn joins us with the trends he’s seeing, and what we should expect in the jobs number tomorrow. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

It’s Day 2 on Capitol Hill for Jerome Powell, with more of the same message: the data will determine what the Fed does next.Mohamed El-Erian says what comes next could very well be a Fed-made recession. Is he right? We’ll debate.Plus, rising rates & a lack of inventory are resulting in stubbornly-high home prices. We’ll look at new data suggesting it’s not getting any better.And, KBW warns a “soft landing” is now off the table. Their analyst will join us with names in banking, life insurance & REITs that are most exposed. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Fed Chair Jerome Powell just wrapped up his semi-annual testimony before the Senate baking committee, saying the Fed will “stay the course until the job is done.”That could include higher interest rates than previously anticipated, and a quicker pace of hikes. And that has stocks selling off today. We’ll tell you all you need to know. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are higher, even as the yield curve flashes a worsening recession warning. Are investors growing complacent? Will Jerome Powell address it on Capitol Hill?It’s a big week for the markets & the economy, and we’ll get you ready for it with how to be positioned for success.Plus, the White House is expected to crack down further on investments in China, but details are scant. So should investors buy or bail? We’ll debate.And, Amazon has underperformed the QQQs by 50% since its pandemic peak. Amid growing headwinds, how should you trade the stock? We’ll have a bull vs. bear debate. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Everyone’s talking about whether or not the Fed needs to take interest rates to 6% now. But what if even that number is too low?According to the “Taylor Rule,” rates should be headed towards 10%. Is that really feasible? We’ll ask “Taylor Rule” creator John Taylor himself.Plus, office REITs have been crushed by rising rates and slowing demand. But there’s one better positioned than the rest. We’ll reveal the name.And, Kyle Bass is calling Xi Jinping’s latest moves “installing a war cabinet.” So should you stay away from investing in China? We’ll debate. 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 traditional portfolio might not survive in this economic environment. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Is the Fed making decisions based on increasingly imprecise jobs data? One of our guests says “yes.” We’ll look at the issues, and potential fallout for markets & the economy.Plus, Europe has a major inflation problem. Experts have warned to stay away, but that’s not stopping our guests from investing there. They’ll tell us where they see opportunity.And, Matt Higgins of RSE Ventures joins us in studio to talk about his VC investments, his new book, and whether Momofuku would ever go public. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Tesla holding its investor day, but could Tesla’s current competitive advantage become its weakness? The long-time best-performer on the S&P citing forex headwinds in its Q4…we’ve got some names that hold up better during dollar dominance. Plus, 15 ways to play AI from Bank of America. 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 could continue tightening much, more more. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

One of the few issues with bipartisan support in congress is heading for prime. Tonight will mark the first hearing from the House Select Committee on strategic competition between the U.S & China.We’ll explain the key national security concerns at stake, and why the chief economist of the China beige book says these are baby steps in solving our problems.Plus, China’s reopening is giving stocks in that region a boost, and sparking global growth hopes. But MKM’s Michael Darda disagrees. He’ll join us to explain why he’s skeptical on China, and Europe too.And, $400 billion in student loan debt is in the crosshairs of the Supreme Court, with the first steps toward loan forgiveness now underway. We’ve got the latest details. 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 small business boom may be coming to an end, and what that means for the broader economy. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Do rates actually matter to the stock matter anymore? One of our guests says “yes,” and that yields need to stop rising to trigger a new bull market.But our own Michael Santoli says it doesn’t quite work like that. He’ll join us to explain why, and make his case.Plus, why have markets and the economy held up so well in spite of these massive Fed hikes? David Zervos of Jefferies has a theory on that. Here’s a hint: it equals about 40% of GDP. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Inflation was trending lower…until today. So will the Fed now shift to full ‘attack mode?’ We’ll explore all the scenarios, and what they mean for markets & the economy.Plus, what would ‘attack mode’ do to housing? New home sales just hit their highest level in nearly a year, but could the Fed kill that momentum? We’ll discuss.And, Wall Street has been loving AI stocks lately. But how do you separate real promise from hype? We’ll look at some not-so-obvious ways to play AI technology. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

It’s just hawks and more hawks at the Fed now…so how much higher will rates go? How fast will the Fed get there? And what does it mean for the markets? We’ll debate.Plus, with the reopening underway, is now the time to invest in China? Foreign policy experts and investors disagree. We’ll speak to one long-time China watcher who really surprised us the last time he was on the show. And, natural gas prices have plunged since September. We look at what’s driving the declines and when consumers could see lower heating bills. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

St. Louis Fed President James Bullard just reiterated his call to hike rates north of 5% to beat inflation. How many other Fed officials agree? We’ll set you up for Fed minutes due out shortly, which could give us a clue.Plus, one expert says high inflation is leading some companies to suffer from “money illusion”…and it’s one reason why layoffs haven’t hit just yet. We’ll look at what that means for markets.And, shares of Wingstop are soaring nearly 10% after earnings. We’ll talk to the CEO about the disinflation he’s seeing. And we’ll also hear from the Travel + Leisure CEO about the high demand he’s still seeing, too. 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 Covid-era stimulus spending is still effecting consumers & the economy today. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.