The Exchange

Kelly explains why a debt ceiling fight in Congress could have far-reaching consequences. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are giving back yesterday’s gains, and one of our experts is hardly surprised. He says to sell any rally until at least the summer. He’ll join to explain why. Plus, everyone is bracing for tonight’s earnings from Microsoft. We’ll tell you what to look for, and how to position ahead of the big report. And, sky-high egg prices could be a tailwind for one key group of stocks. We’ll reveal the names, and tell you which are most attractive here. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Noted economist Paul McCulley tells us why a pause in Fed rate hikes would be ‘fully justified.’ Yale’s Stephen Roach is more concerned about China than he’s ever been. And layoffs, AI, search battles, oh my…we dig into the reckoning in tech and what’s next for the likes of Google and Microsoft. 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 this week’s economic indicators report could spell big trouble ahead for the economy. 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 been a big week of Fed speakers dominating headlines, and we’re not done yet. Federal Reserve Governor Christopher Waller is speaking today at the Council of Foreign Relations, and we’ll bring you the key headlines. Plus, Alphabet is joining the list of big tech giants announcing job cuts, set to lay off 12,000 workers. We’ll explore what it all means for the sector after a rough year in 2022. And, the U.S. personal savings rate has plummeted from pandemic-era highs, while household and credit card debt soar to new records. We’ll explain why 2023 could be a rough year for consumers. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

With inflation slowing, but sticking around here in the US, should investors look overseas? Why Europe is beginning to look attractive—and why the Fed needs to pause rate hikes, according to one bond investor. Plus, oil was the top performing sector for two years in a row, could 2023 be a record three-peat? Amrita Sen weighs in with why she’s bullish. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Bank of Japan is standing pat on its yield curve control policy, and that’s reverberating throughout global markets. We’ll drill down on the decline in the dollar, and the stocks poised to benefit here. Plus, Moderna’s RSV vaccine efficacy is driving the stock higher, and setting the stage for a new post-Covid battleground. We’ll speak to an analyst who says this could be a game changer for $MRNA shares. And, the U.S. is poised to hit its debt ceiling tomorrow, much sooner than expected. And a showdown in Washington could come at a high cost. We’ll look at the potential fallout for markets & the economy. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Big banks are back in the spotlight today, with Morgan Stanley & Goldman Sachs reporting earnings. And both stocks are taking off in opposite directions. Goldman seeing its biggest miss in a decade…while Morgan topped estimates and reported record wealth management revenue. We’ll break down all the headlines. Plus, a slowing economy, slowing population growth, and a resurgence in Covid cases. We’ll give you the latest news out of China, including what it all means for investing there. And, we’ll give you the action, the story and the trade on United Airlines, J.B. Hunt & Prologis ahead of results on deck in ‘Earnings Exchange.’ Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Different data points are giving you very different stories about the economy right now. So are we growing, or slowing? We’ll debate. Plus, speaking of which -- “Meme Stocks” are back! Is that a red flag for investors, or a green light for stocks? We’ll ask our experts. And, on the heels of Disney’s proxy fight, we have a very special edition of “3 Buys & A Bail” that you won’t want to miss. 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 how a Fed policy pivot could be just around the corner. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Is a Fed pause now just around the corner? Markets already seem to be coming to that conclusion, and now some FOMC members are signaling it too. We’ll debate. Plus, activist investor Nelson Peltz wants a seat on Disney’s board, saying the company has “lost its way.” We have the latest details, and what it means for the stock. And, bank earnings are on deck, with a much-needed pulse on the economy incoming. Will it expose cracks, or continued strength? We’ll look at what to expect. 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 the Fed might not be as hawkish as it seems to be. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

FTX is back in bankruptcy court today, as company lawyers claim they’ve recovered over $5 billion worth of ‘liquid’ assets. But that still leaves them about $3 billion short of what customers are owed. We’ve got the latest details. Plus, remember when FTX wanted a bailout? Apollo was one of the firms they turned to. We’ll ask its Co-Head of Private Equity why they ultimately passed on that opportunity. And, another week, another airline mess – this time, an FAA outage grounding flights nationwide. We’ll check in with a veteran pilot who says what we’re seeing today is simply “extraordinary.” Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly opines on the Fed’s difficult balancing act for 2023. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Inflation is receding. Jobs & GDP are growing. Even jobless claims are relatively low. And yet, yield curves are flashing a huge warning sign that a downturn is coming. So why isn’t the Fed acknowledging it? We’ll debate. Plus, if you’re looking to deploy some cash in this market, we’ll speak with an expert who says there are 2 sectors to bet on and 2 stocks to buy right now. And, Microsoft is reportedly making another big bet on OpenAI’s ChatGPT program. But so are hackers. We’ve got the latest details. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Despite myriad signs the economy is slowing, the Fed remains on a pre-set hawkish course. So should they switch and start pausing rate hikes? We’ll reveal the one data point flashing a big warning sign. Plus, the House finally has a Speaker! But the concessions made to get there may not bode well for business. We’ll tell you all that you need to know. And, Apple shares have been a stubborn weak spot in the market lately. But Toni Sacconaghi of Bernstein says they’re still too pricey. He joins us to explain why. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks rallying after wages in December grew at a slower than expected rate. We dig into what it means for the Fed and your money. The FDA expected to decide on Biogen’s second Alzheimer’s treatment, Jefferies’ analyst Michael Yee tells us what makes this drug different than its maligned first drug Aduhelm. Plus, “A Random Walk Down Wall Street” 50 years later. Wall St. legend Burt Malkiel makes his case for passive investing and why investors shouldn’t trust historic returns…especially now. 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 the FANG trade has finally fizzled out. 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 the countdown to the Fed Minutes and everyone is wondering whether there will be signs of a fracture about what the Fed should do next. We’ll get you set up and run through the latest jobs and inflation numbers. Plus, more DC drama as the GOP struggles to elect a House Speaker. We look at why this could set the stage for two years of tail risk, and the potential fallout for the economy and the markets. And, speaking of markets, if you’re stock picker, you can get some high quality names at bargain prices right now. Our market guest brings four of his favorites…and there’s a twist. 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 the effects of the Fed’s tightening in 2022 could finally start to be felt throughout the economy in the new year. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Last year was miserable for stocks. And so far, this year is too. One expert says it won’t get better right away, either. But he’s finding opportunity in the wreckage, and one of his top picks is quite contrarian. He’ll join us to explain why. Plus, one oil bull is remaining steadfast. Jeff Currie of Goldman Sachs joins us to explain why he thinks the set-up for commodities could be the best since the start of the ‘super cycle’ in 2020. And, Tesla’s latest deliveries fell short of expectations, and the stock is now down by more than 70% in the past year. So when will Wall Street finally throw in the towel? We’ll speak to an analyst still rating $TSLA a ‘strong buy.’ Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly discusses predictions about the stock market for 2023...and whether anybody actually knows anything. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

All three major averages on pace for their worst year since the Great Financial Crisis, but there’s one thing that could bring the bulls back, says Potomac Wealth Advisors’ Mark Avallone. Energy the only sector to end the year in the green, up 58%, but that run could be poised to end. We tell you why. And the ad spending slowdown wreaking havoc across media of all stripes, will 2023 bring more pain? A digital ad exec weighs in. Plus, Art Cashin returns to the NYSE floor for a New Year’s tradition! Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are higher today, nearly erasing this week’s losses for the Dow and S&P 500. But with the 2-year yield climbing back toward 4.4%, are short-term bonds the better bet? We’ll explore. Plus, Goldman Sachs warns that China’s earlier-than-expected reopening could actually disrupt the supply chain even further. We’ll dig into the potential economic fallout. And, 2022 was the worst year for IPOs in more than 3 decades. We’ll ask an expert why he believes 2023 may not be an better. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly highlights the vast amount of wealth erased by stock market and other losses this year. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Thousands of travelers are still stranded, as Southwest flight cancellations near 16,000 in the past week. We’ll get the latest details, and tell you which stocks are most affected. Plus, Tesla is having its worst month…quarter…AND year on record. But one investor say it’s still not cheap! He’ll tell us why, and which names he’s buying here too. And, forget the “Great Resignation”…2022 was the year of “Great Regret.” So what kind of job market are we heading into next year? Our own Sharon Epperson brings us the verbal cues. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly highlights an emerging technology that could upend society as we know it. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Bond yields are on the rise to start this shortened trading week. But why are they up so much if all the talk is about inflation “peaking”? We’ll explore. Plus, China is easing Covid policies, and even welcoming travelers as a way to boost its economy. We’ll discuss the ripple effects for the global market. And, 2022 has been a sour year for Apple, with shares falling more than 25%. But Citi has 6 reasons it could trade higher next year. The analyst behind the call joins us. 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 what’s at stake for YouTube’s quest for the NFL Sunday Ticket. 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 the ramifications of regulators classifying crypto tokens to be securities. 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 the difficult tightrope of trying to regulate crypto industry. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

We’re seeing some macro confusion for the markets, as inflation has come down, yet not down far enough. While growth is also slowing, but apparently not by enough. So how do you position here? We’ll explore. Plus, speaking of confusion – what are semiconductor stocks signaling right now? And should you scoop them up to lead a Tech comeback in 2023? We’ll ask our experts. And, long-time Tesla bull Dan Ives just lowered his price target on the stock, saying Elon Musk is asleep at the wheel. But he’s still a buyer! He’ll join us to make his case. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

David Tepper was famously long on the Fed-driven market of the last decade. But now, he says he’s “leaning short” on stocks because of it! We’ll look at why, and whether he’s right. Plus, we have more details on the FTX bankruptcy scandal, and its impact on the entire crypto space. We’ll speak with one expert who remains bullish on the space, and will explain her case. And, from a ‘perfect storm’ in the retail sector, to an actual storm that could derail your travel plans, we’ll hear from retail legend Mickey Drexler about all of that. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are getting a lift from better-than-expected earnings today. Consumer confidence also beat expectations. But housing is stuck in a deep freeze, and the Fed and markets are still on 2 different pages for 2023. We’ll explain why, and what it means for you. Plus, rising rates have crushed mortgage lenders. The CEO of Rocket Companies joins us to discuss what his company is doing to soften the blow. And, there could be big changes coming to your 401k, courtesy of Congress and its $1.7 trillion funding bill. We’ll tell you all you need to know. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Investors got an early morning shocker from Japan. We’ll explain why it has rates climbing globally, and whether or not it means central banks are losing their grip on markets. Plus, Carter Worth warned us away from high-flying consumer stocks yesterday. But today, we’ll hear from another investor who says it’s time to bet on the consumer in 2023. And, 3 months ago FedEx kicked off a market scare by warning of a global recession. As they get to report earnings again today, what should investors brace for now? We’ll explore that & Nike earnings on deck in ‘Earnings Exchange.’ 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 the Fed has a difficult balancing act ahead in 2023. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

We’re kicking off a new week with stocks trading a bit heavy. The Nasdaq is down more than 1% today, and 30% this year. But we’ll hear from one investor who thinks that will turn around in 2023. Plus, Apple has reportedly dropped out of the bidding for the NFL’s ‘Sunday Ticket’ package. So who will get the rights? We’ll bring you that, plus other media predictions for the new year. And, Carter Worth joins us to reveal his chart of the year for 2022…plus a stock he sees going up from here in 2023. Don’t miss it. 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 recession could actually be better for so-called “blue collar” workers than others. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

While inflation may be cooling, one top economist sees a bigger problem the Fed needs to tackle to get the economy back on track. The biggest options expiry in two years...we read the sentiment tea leaves to see if Santa Claus is coming to Wall Street this year. Plus, an inside look at Dollar General's big bet on the affluent consumer. 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 for the first time in a long time, the “TINA” trade is offering real returns. 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 an ugly day for stocks, as the hawkish Fed was followed by bad data on retail sales & manufacturing. As the disconnect between the Fed and markets grows: who’s got it right? And how do you position from here? We’ll tackle it all. Plus, we’ve had a ton of great news for the airlines lately. So why aren’t investors buying in? We’ll debate whether or not the market is too bearish, and will get some top picks for 2023. And, Don Peebles called the impending carnage in office real estate months ago…but called it a big opportunity, too. He joins us with an update as REITs remain a pressure point in the market. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

We’re just an hour away from the latest Fed decision on interest rates, and markets are expecting a half-point hike. But will it seal the deal on a recession? Or will the FOMC hand us a dovish surprise? We’ll explore all that’s at stake, and what it means for you & your money. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Dow was flying high after today’s cooler-than-expected CPI report first came out. But it’s now turned negative, giving up a more than 700 point gain. With the next Fed decision in just 24 hours, what does it say that we can’t hold this rally up? We’ll explore, and explain what it all means for you and your money. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

If the economy does head into a recession, it will be unlike many we’ve seen before in one important way: the Fed can’t come to the rescue like it usually does. We’ll look at why, and what it could mean for markets. Plus, the housing market is getting a bit of a reprieve, as mortgage rates pull back from their highs. So why aren’t more buyers ready to jump in? We’ll explore. And, Sam Bankman-Fried is set to testify before Congress tomorrow, as investors flee the crypto space. The CEO of Strike will join us with what he thinks investors are getting wrong here. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks have turned higher on the day, but are still lower for the week. And the Fed’s next decision on rate hikes is just a few days away. Can they still engineer a soft landing? Or is a recession unavoidable? We’ll debate. Plus, it’s “game on” for Microsoft in its battle against the FTC. We’ll explain what the government’s tougher stance means for the future of M&A. And, we’re continuing to look at other ways to invest, turn a profit and maybe have some fun too. Today we’re focusing on wine & whiskey, and you won’t want to miss it! Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

There’s been a spectacular collapse in oil prices this year, as crude hovers just over $72 per barrel after a 10% drop in the past week. Gas prices are also plunging, heading below $3 per gallon across the country. And yet the Energy sector is still up 50% this year. Is it time to bail? We’ll debate. Plus, the plunge in fuel prices has been another headwind for shares of Tesla, which is down more than 50% this year. Do the charts suggest it’s about to take off again? We’ll check.And, there’s some key earnings on tap, with Costco, RH & Lululemon all out with results after the bell. We’ll give you the action, the story and the trade on each in Earnings Exchange. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Better news on inflation has yields down and stocks up. Jefferies’ David Zervos says the worst is now over, and the Fed’s credibility also remains intact. He’ll join us in studio to make his case. Plus, Academy Sports + Outdoors is up double digits after earnings today. The company’s expansion plans are also in full swing, despite recession fears. The CEO will join us to explain what’s working. And, Amazon is the only mega cap stock that’s negative over the past month, and it’s lost half of its value this year. Is this an opportunity to buy in? We’ll have a bull vs. bear debate. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are lower again today, as key yield curves keep getting more deeply inverted. J.P. Morgan CEO Jamie Dimon says we’ve never lived through a time like this. So how should you invest? We’ll ask an expert. Plus, the housing market is rapidly slowing, and the CEO of Equifax says we’re already in a mortgage recession. We’ll dive into the data, and explain just how quickly things have changed. And, the Georgia Senate Runoff is officially underway. The race is close, and the result is critical. We’ll explain why a 51-49 Senate is much different for business than a 50-50 split. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are falling again today, on fears that Fed tightening will lead to a recession. But could they still engineer a ‘soft landing?’ We’ll hear from someone who says ‘yes’ – if they stop raising rates right now. Plus, OPEC isn’t increasing oil production, as the price cap on Russian oil is set to go into effect. Will it make the U.S. an even bigger player in the global energy market? We’ll explore. And, our technician will reveal the one stock chart he says looks good right now – almost TOO good. He’ll explain why, and where he’s investing now. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The November jobs report came in hotter-than-expected, and stocks don’t seem to like it. Are we back to “good news” being “bad news” for markets? We’ll debate. Plus, farmland is slowly becoming a hot asset class and inflation hedge. We’ll explain what makes it attractive to investors, and how you can add it to your portfolio. And, we’re at a very critical point for the energy market, with some important events on deck. We’ll look at the week ahead and how it could all play out. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.