The Exchange

Kelly explains why investors flooding back into “risk-on" might be in for a rude awakening. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Tech stocks are going bonkers again, led by Meta and helped by both earnings and the Fed. Can the rally keep going when Apple, Amazon and Alphabet report tonight? We’ll tell you the key things to watch. Plus, Ray Dalio warns we’re on the brink of economic war with China. But one of our guests says if you’re looking for opportunity in equities, China is the place to be. He’ll reveal what he’s buying. And, on-shoring supply chains, and off-shoring talent. We’ll look at how technology is changing how companies work, who they hire, and where their workers are with XPRIZE CEO Peter Diamandis. 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 Fed’s latest rate decision, with some big implications for your money. Markets are already gearing up for a pause or pivot later in the year, and yet the Fed remains hawkish. We’ll explore why that divide could grow even wider. Plus, all of the Fed’s rate hikes have pushed credit card rates to record highs. One industry watcher expects them to top 20% after today. And now the White House is trying to cut consumers a break. We’ll bring you the latest details. And, mortgage demand continues to plunge, and yet homebuilder stocks are actually holding up quite well. What might happen after today’s expected rate hike? We’ll debate. 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 over 24 hours from the latest Fed decision on interest rates. We’ll look at what the market wants…why the Fed will likely ignore it…and when the gap between the two could finally close. Plus, shrinking cash hoards, bloated inventories and falling profitability. We’ll look at which retailers are best & worst positioned as the consumer begins to wobble. And, speaking of wobbling – what’s going on with digital ad spending? We’ll look at whether competition – or recession – is the real reason large cap names have been struggling. 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 be closer to cutting interest rates than it might believe. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Apollo’s Torsten Slok reveals the biggest labor challenge facing the Fed that no one is talking about. The action, the story, the trade on Caterpillar, NXP, and McDonald’s ahead of earnings. And Carter Worth called the drop in Tesla back in June, why he’s getting bearish after saying to “nibble long” in December. Plus, the Super Bowl Indicator—can you trust it? 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 economy growing, or slowing? There hasn’t been this much confusion over economic data since…last year. So which way does the Fed see things right now? We’ll debate. Plus, Intel is selling off after a brutal earnings report. This as lawmakers in Washington are spending billions to benefit it. Did DC back the wrong horse? We’ll explore. And, stock buybacks tend to make Gina Sanchez’s skin crawl…but there are exceptions! She’ll reveal 3 buybacks you should like, and one to bail on here. 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 there may finally be enough incentive for the Fed to pause hiking. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Chevron’s massive stock buyback is the talk of the day. Investors are loving it, while the White House is taking issue with it. We’ll bring you the story, the controversy and the trade. Plus, today’s econ data might suggest the economy is doing just fine. But don’t be fooled! We’ll look at why the Fed isn’t likely to slow down yet, and how you can position in the meantime. And, housing is one area that is indeed seeing a slowdown. But if you’re in the market and hoping that spells a good deal, we’ll speak with an expert who says don’t get your hopes up too high. 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 some economic data still remains troubling. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Microsoft is weighing on the broader markets today, though stocks are off the lows as it sets in that its quarter wasn’t as bad as some feared. And while Microsoft can’t control enterprise spending, they can invest heavily in growth technologies like AI. Does that make it a ‘buy’ here? We’ll debate. Plus, as we move through a choppy earning season, are you wasting time investing in the U.S.? We’ll speak with an expert who sees more upside in International stocks. And, Tesla earnings are on deck. We’ll be joined by the analyst who thinks the stock could go to $425 per share – but for a different reason than you might 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 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.