The Exchange

Stocks are heading for their fifth straight down week, with a rate hike cycle set to start next week amid spiking inflation. Is the economy ready? We’ll ask the experts. Plus, crude soared to $130/barrel this week, highlighting our lack of alternative energy sources. So what can we do in the meantime to help consumers? We’ll explore. And, the SEC’s crackdown is crushing Chinese stocks. But is Covid also weighing on Chinese markets? We’ll speak with the man who runs the KWEB ETF at KraneShares. 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 rising inflation is actually a good sign for the labor market. 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 today as inflation soars to the highest level in 40 years. We’ll tell you how to protect your portfolio. Plus, food & labor costs are soaring for restaurants. Are customers willing to pay up? We’ll ask the CEO of Portillo’s. And, with gas prices surging to record highs, EVs are looking more attractive than ever…if you can even get one right now. 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 surging, European markets are soaring and crypto is climbing as commodities take a breather. Is this just a countertrend consolidation day, or are we entering a new phase for the market? We’ll explore. Plus, bitcoin is jumping 10% after President Biden signed an EO on cryptocurrencies. We’ll look at why the industry is so excited about going ‘mainstream.’ And, with pump prices still soaring, President Biden is looking to Venezuela for some crude supply relief. But is that the right direction? 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.

Crude is losing steam after President Biden officially announced a ban on Russian oil imports. We’ll look at why analysts still think prices will have to stay around these levels – or higher – for quite some time. Plus, the crisis in Ukraine is complicating matters for the Fed and it’s rate hike strategy. We’ll ask the man who called for 7 hikes this year if he’s sticking to that forecast. And, Apple is kicking off its latest product event, and we’re expecting a host of new gadgets – including a lower cost iPhone. We’ll bring you all the details. 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 dropped more than 700 points in earlier trading amid reports of more intense fighting in Ukraine. We’ll bring you the latest news and discuss how this all plays out for markets. Plus, crude oil has pulled back after hitting a 14-year high. Can U.S. drillers ramp up production fast enough to help keep prices down? We’ll explore all of it, especially as Bipartisan leaders have just reached a deal on a new bill that could ban Russian energy imports. 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 pretty much everyone would be happier with a much lower price of crude oil. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly sits down with Julia Coronado of Macropolicy Perspectives to discuss upping her rate hike forecast, how she expects the Fed to respond to both inflation and the Ukraine crisis right now, and the difference between fiscal and monetary stimulus. Kelly and Julia also dig into the pros and cons of being an economist at different types of institutions--given her experiences at a large bank, a hedge fund, and now as an independent consultant. And be sure to stick around to hear about the current academic research that has Julia the most excited. 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 been in the red all day after Russian troops occupied a nuclear power plant in Ukraine. But despite appearances, we’ll speak with an expert who says the war is actually helping Putin’s popularity at home. Plus, could the world survive without Russia’s oil supply? We’ll hear from an analyst who says $200/barrel is the price of that “freedom.” And, the economy added 678,000 jobs in February. We’ll dive into the data and what it means for the Fed’s next move. 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 opposite of what the Fed is trying to achieve right now keeps occurring. 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 losing steam as Vladimir Putin says Russia’s military operation in Ukraine is “going according to plan.” And Fed Chair Powell is wrapping up his second day before congress by warning it’s too soon to tell if Ukraine will affect it’s hiking plans. We’ll bring you the latest. Plus, could climbing crude prices help accelerate the consumer push into EVs? We’ll ask the CEO of ChargePoint. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Fed Chair Powell says he still backs a rate hike at its next meeting in two weeks, and the markets are shrugging it off. We’ll look at what else Powell told Congress today, and why that hasn’t derailed the averages. Plus, WTI crude has topped $112 per barrel for the first time in over a decade. We’ll look at how we got here, and if it’s sustainable. And, we’ll take a hard look at all the actions U.S. companies are taking to avoid doing business with Russia right now, and what it means for business. 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 picture playing out in the markets today, as concerns grow over the future of Ukraine. The Dow is falling about 2%, while bank stocks are sinking due to plunging bond yields. We’ve got all the angles covered, and will bring you the latest details as they develop. 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 fight against inflation could leave even bigger economic scars than imagined. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

With just two weeks until the Fed’s rate decision, Kelly sits down with JPMorgan’s Chief U.S. Economist Mike Feroli to discuss whether 3% inflation is really a bad thing, where inflationary pressures are now coming from, the crucial economic data to watch, and how the Ukraine invasion could impact the Fed’s timeline. 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 but well off the lows of the day, as traders say the drop in real yields is making growth stocks attractive again. We’ll tell you how to react. Plus, the U.S. & EU continue to tighten sanctions on Russia despite peace talks being held today. We’ll look at the fallout from forcing Russian banks off of SWIFT. And, we’ll speak with the head of a top Nat Gas producer about potential supply disruptions if the conflict in Ukraine continues to drag on. 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 for the 2nd day in a row, with the Dow rallying nearly 800 points. But can the rally last if geopolitics get worse? We’ll explore. Plus, oil is dropping today, but Jeff Currie says uncertainty around Russia sanctions could still send crude to $125 per barrel. He’ll join us to explain why. And, could the Ukraine crisis derail the Fed’s tightening plan? We’ll speak to John Taylor who says “no” it should not. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks gave up their early gains, as Ukraine appears to be the victim of a cyberattack. The S&P is now within 1% of its January intraday lows. Are those lows safely in, or not? We’ll explore. Plus, as more sanctions get issued on Russia, we’ll speak with an expert who has one key thing the West should watch for. And, in today’s Earnings Exchange: we’ll give you the story, the action and the trade in Alibaba, Moderna and Live Nation with results on deck. 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 as the White House is now calling Russia’s actions in Ukraine an invasion. But we’re seeing a big reaction in oil & energy, despite the future of a major gas pipeline in Europe hanging in the balance. We’ve got all the market angles covered, and will bring you to the White House live with President Biden expected to speak any moment. 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 it’s too soon to assume the crisis in Ukraine will change the Fed’s plans to hike interest rates. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The averages are heading for their second straight down week, as the Russian threat to Ukraine hangs over the market. How should you prepare as we head into this three-day holiday weekend? We’ll ask the experts. Plus, are high prices and low inventory going to slow the red-hot housing market to a halt? We’ll ask the CEO of Realogy. And – one trader, four stocks. Danielle Shay of Simpler Trading joins us for another edition of “3 Buys & A Bail.” Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Street is still getting more hawkish on the Fed, with J.P. Morgan now upping its forecast to 7 rate hikes this year. We’ll talk to their economist about why, and whether a Ukraine crisis would deter the central bank’s plans. Plus, stocks are in the red again after President Biden said the threat of a Russian invasion of Ukraine is “very high.” We’ve got the latest details. And, in today’s Earnings Exchange: we’ll give you the story, the action, and the trade in Roku, Redfin & DraftKings with results on deck. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Inflation numbers continue to come in red hot, with the latest Fed minutes just moments away. We’ll speak with the man who called for 7 rate hikes this year, and ask if he’s sticking to that forecast. Plus, stocks are falling once again after NATO said Russia is actually putting more troops near the Ukraine border. And, in today’s Earnings Exchange: we’ll give you the story, the action, and the trade in Nvidia, Walmart & Doordash with results on deck. 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 needs a new playbook to fight inflation. 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 as Putin backs off…for now. And at the same time, we just got another hot inflation reading. We’ll look at the tug-of-war going on between these headlines, and the impact for markets and your portfolio. Plus, oil is reversing after hitting a 7-year high. But we’ll speak with an expert who says $120/barrel could still be on the horizon. And, in today’s Earnings Exchange: we’ll give you the story, the action, and the trade in Airbnb, Shopify and Roblox with results on deck. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Fed faces a challenge unlike anything Kelly’s seen before. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

St. Louis Fed President James Bullard says the Fed needs to “front-load” tightening, and it’s credibility is now on the line. But one key data point just showed a *tiny* bit of breathing room on the inflation front. We’ll explore that and what it means for stocks. Plus, it’s not just inflation – the supply chain has struggled from overwhelming demand too. The CEO of PGA Tour Superstore joins to tell us how shelves look now. And, in today’s Earnings Exchange: we’ll give you the story, the action, and the trade in Avis, Restaurant Brands Int’l, and Marriott with results on deck. 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 economy is running too hot for the Fed’s liking right 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 it’s not worth sounding the alarm on the flattening yield curve just yet. 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 being called the earnings season that reshaped Tech, and the “Dean of Valuation” joins us with the names he likes now. Plus, we’ll speak with the CEO of an under-the-radar mortgage company that actually *benefits* from rising rates. And, Simpler Trading Director of Options Danielle Shay joins us for “3 Buys & A Bail” – and you won’t believe the names she’s bailing on today. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly sits down with Drew Elliott, the man behind "viral" hits like Kim Kardashian's famous Paper magazine cover from 2014. He shares his insight about how all brands and companies can grow their internet presence today--even ones that are less visual than MAC Cosmetics, where he is now global creative director. He talks about how brands have become networks, why being on TikTok is so important, how he's already thinking about the metaverse, and what "works" when making creative content for the internet. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Inflation came in way higher than expected today, and now economists are scrambling to catch up amid the biggest surge in 40 years. And we’re starting to see markets price in upwards of 6 rate hikes this year. We’ve got the latest data and what it means for markets. Plus, car prices have soared to unimaginable levels over the past year. But are they starting to turn for the better? We’ll speak with the Group 1 Auto CEO. And, in today’s Earnings Exchange: we’ll bring you the story, the action and the trade in Expedia, Affirm and Zillow with results on deck. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

In today’s show we check in with legendary investor Bill Miller. We’ll get his thoughts on markets, the Fed, inflation, crypto & more. Plus, we’ll give you an under-the-radar reopening play that’s not a cruise line or travel company, but may still have plenty of pent-up demand. And, in today’s Earnings Exchange: we’ll bring you the story, the action and the trade in Uber, Disney and Twitter with results on deck. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The 10-year yield is closing in on 2% for the first time in nearly two years, while experts brace for another 7% CPI print tomorrow. We’ll look at why stocks are rallying in the face of all of this. Plus, Pfizer shares are dropping after earnings, falling short of forecasts despite surging vaccine revenues. We’ll speak to the CEO about all of it. And, in today’s Earnings Exchange: we’ll bring you the story, the action and the trade in Chipotle, MSG Entertainment & Lyft with results on deck. 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 a new week, and we have a new set of challenges facing investors – mainly from the Federal Reserve. We’ll talk to David Zervos as yields hover at the top of their recent range, and as we await the CPI report later this week. Plus, Frontier is buying Spirit Airlines in a $6.8 billion deal. Will more – and bigger – airline M&A deals be next? We’ll explore. And, in today’s Earnings Exchange: we’ll bring you the story, the action and the trade in Pfizer, Take-Two Interactive & Coty with results on deck. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

After this morning’s strong jobs report, the question now is: how many rate hikes from the Fed? We have brand new data which might surprise you. Plus, crude is spiking again, now above $92 per barrel. We’ll look at the impact $100 could have on the economy, if it gets there. And, we’ll bring you a Friday edition of “3 Buys and a Bail” after some of the wildest stock moves we’ve ever seen this week. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly sits down with two very familiar faces to CNBC viewers: Jon and Pete Najarian. They discuss how they made their ways into the NFL, then wound up in the Chicago trading pits. Jon and Pete reveal the ups and downs in their careers, their thoughts on recent NFL controversies, and how they put made “unusual activity” their signature. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Meta’s big earnings miss has the stock on pace for its worst day ever, and dragging other social media names right down with it. We’ll take a hard look at the results & guidance. Plus, there’s plenty of nervousness about tomorrow’s big jobs report, with experts bracing for big declines due to Omicron. We’ll get an inside look at the labor market. And, in today’s Earnings Exchange: we’ll give you the story, the action and the trade in Amazon, Ford and Snap Inc. with results on deck after the closing bell today. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

After two years of buying stuff and skipping experiences, is that trend about to reverse? We’ve got the numbers, and the market impact – from stocks to inflation. Plus, all of these new experiences mean a lot more flying and driving. Is there more room to run in oil & energy stocks? We’ll get some top picks for 2022. And, in today’s Earnings Exchange: we’ll give you the story, the action and the trade in Qualcomm, Spotify & Meta with results on deck. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Yields spiked this morning after the ISM Prices Paid Index reversed higher again – the last thing the Fed wants to see right now. But which tools will be more effective in battling it: rate hikes, or cutting the balance sheet? We’ll ask the experts. Plus, PayPal reports earnings tonight, and the stock is down 25% since it abandoned its pursuit of Pinterest. What can turn it around? We’ll explore. And, in today’s Earnings Exchange: we’ll give you the story, the action and the trade in Alphabet, GM & AMD with results on deck. 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 investors should keep a close eye on the flattening yield curve. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly sits down with Mark Douglas, CEO of MNTN, about the company’s “Creative as a Subscription” model, the big firms investing big money, how MNTN plans to change the future of TV advertising…and what it’s like to work with Ryan Reynolds. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Nasdaq is trying to avoid posting its worst January ever, but headed for a doubt digit drop this month either way. Will February usher in a break from the selling and volatility? We’ll give you a list of names to buy right now. Plus, a lot of the shine has suddenly rubbed off on streaming stocks. Is the business model broken? We’ll debate. And, in today’s Earnings Exchange: we’ll give you the story, the action and the trade in NXP Semi, Exxon & UPS ahead of results. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Another topsy turvy trading session, with the Dow sinking more than 350 points before reversing and turning positive. The Nasdaq is higher at the moment, but still on pace for its worst month since October 2008. We’ll look at the key takeaways from tech earnings, and see how next week’s results could impact markets. Plus, Biotech has been a horrible bet lately, with the XBI & IBB ETFs both down around 20% this year. We’ll look at who looks like a “buy” here. And, after this week’s wild swings, our trader has 3 stocks to buy right now, and one to bail on as soon as you can. 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 volatile trading since the Fed’s meeting yesterday. Futures plunged, then stocks surged at the open, and now they’re losing gains. The Nasdaq is still on pace for its 5th straight down week, and we’ll speak with an expert who warns that tech still isn’t a buy. Plus, we’ll look at 5 key tailwinds for commodities that could give the sector a long-term boost. And, in today’s Earnings Exchange: we’ll give you the story, the action, and the trade in Apple, Robinhood and Caterpillar ahead of results. 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 today’s big Fed decision, where Jerome Powell is expected to telegraph a rate hike in March. Is this a sell-the-rumor, buy-the-fact moment? Or could markets still be surprised to the downside? We’ll debate. Plus, Tesla reports earnings after the bell. The stock is down 10% this year, but Elon Musk might be back on the call. We’ll bring you a preview. And, after the selloff we’ve seen in markets, our trader has three stocks to buy on the dip, and one to bail on right now. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Markets are down once again, but above the lows from yesterday’s carnage. We’ll speak with an expert who has several oversold stocks that you can still buy here. Plus, billionaire investor Marc Lasry joins us live with his take on volatility, the Fed, rates and more. And, we’ll highlight Microsoft earnings on deck, pain for solar stocks and the great homebuilder debate. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly sits down with Jonathan Chaplin of New Street Research to discuss what the internet will look like over the next five to ten years and who the major players will be. What is the future of Comcast, Charter, Verizon, AT&T, T-Mobile, and Dish? Will Elon Musk's Starlink satellite internet play a major role, or not? Will Netflix and other streaming services stay independent or be possible acquisition targets by big tech? And what acquisition did Comcast just miss out on? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly talks to Chargepoint CEO Pasquale Romano about the future of electric vehicles, the impact on his company—and society as a whole—and why the alternative energy space has been so beaten up as of late. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The historic market selloff rolls on, with January now on pace to be the 10th worst month ever for the Nasdaq. We’ll unpack the latest moves, and talk about some of the global pressures contributing to the selling. Plus, Peloton has in many ways been the posterchild of this selloff, and has had plenty of problems of its own. And now an activist firm wants to oust the CEO. We’ll bring you 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.