The Exchange

China is moving against cryptos yet again, banning all but ownership. Is this a long-term headwind for bitcoin, or actually a buying opportunity? We’ll explore. Plus, we’ll speak with a money manager who says she’s looking for “Goldilocks stocks” right now as volatility picks up. She’ll give us her 3 names to own. And, while the company appeared to have everything under control publicly, new documents show panic at Robinhood during the height of “Meme Mania.” We’ll explain. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks & bonds are rallying in unison, with the averages turning positive for the week. Is it the Fed? China? Or Washington? And most importantly, should investors chase this move? We’ll debate. Plus, there’s an under-the-radar transportation play that Morgan Stanley says could rally 50%. We’ll speak to the analyst behind the call. And, Doordash is quietly becoming a force to be reckoned with, up 50% this year. Can they keep it up? We’ll explore in today’s Rapid Fire. 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 moments away from the latest Fed decision, and we’ve got an all-star panel ready to cover every angle. In today’s Rapid Fire, we’ll talk taper, yields, and most importantly: what does it all mean for stocks? Plus, while the Fed argues inflation is transitory, General Mills disagrees. We’ll explain why the consumer staple giant sees rising costs ahead. And, Robinhood is caving to public pressure and changing the way it deals with cryptocurrencies. We’ll bring you the key details 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 "financial speculators" are in the driver’s seat when it comes to energy prices. 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 ESG investing actually begins with changing our own behaviors first. 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 rallying and trying to hold their gains after yesterday’s big selloff, while Bitcoin is trying to avoid more losses. Which asset class is better positioned to ride out this volatility? We’ll ask our market experts. Plus, Europe is in the midst of an energy crisis. Could it happen here? And what does it mean for stocks? We’ll explore. And, will China be able to control the damage from an eventual Evergrande collapse? We’ll explain what’s at stake, and who’s most vulnerable 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 sliding amid turmoil in China leads to a selloff in global risk assets. We’ll dig into the market’s September swoon, and cover all angles of today’s selloff. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Wall Street is starting to worry about Washington. Will the debt ceiling debate and tax hikes be what stops this rally? Plus, SPACs have had a spectacular meltdown since being all the rage earlier this year. And though it was a big year for IPOs, it wasn’t a great one, especially for some of the biggest names. And the government reportedly trying to fight back against hackers by hitting them where it hurts: their crypto wallets. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Goldman Sachs is launching a new actively-managed ETF today aimed at smaller, emerging tech firms. Can they rival the success of Cathie Wood’s Ark Invest? We’ll speak with one of the managers about Goldman’s vision of the future. Plus, NYU’s Aswath Damodaran says ESG investing is a waste of time, and is doing more harm than good. He’ll join us to explain why. And, America’s best-selling truck is going electric! The first electric Ford 150 Lightning trucks are leaving the factory today, and we’ll give 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.

Kelly explains why Apple’s annual product launch no longer holds the cache it once did. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Big tech, ride hailing, education, real estate and now casinos are the latest industry to get crushed as China’s regulatory crackdown intensifies. Will it ever end? We’ll explore what it means for investors, and what Bridgewater’s Ray Dalio says is the key point to remember. Plus, we all know the EV market is growing, but which company is going to win the race? We’ll speak to an analyst who will give us his top pick. And, CEOs of big businesses haven’t been shy about supply chain headwinds. But what about the small businesses that don’t have the same resources? We’ll focus on them. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Apple is expected to unveil a bunch of new updates today, including a new iPhone. Will it be enough to get people to buy it? We’ll explore. Plus, we’ll speak with a fund manager who says pandemic outperformers may once again lead the next market leg higher. And, shares of uranium mining firms have gone “nuclear” in the past 24 hours. Is this the next hot trade? We’ll explain. 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, but the Nasdaq is in the red over the past week as tech struggles to stack gains. We’ll speak with a portfolio manager who says Amazon, Google and Facebook are actually undervalued right now. Plus, there are only 100 shopping days left until Christmas. Former Saks CEO Steve Sadove joins to explain why only half of them might actually be useable. And, in today’s Rapid Fire: China’s crackdown continues, “old” tech is hot again and what’s the next trade for Apple? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

After another hot inflation reading, one thing is certain: the debate over inflation is not proving to be transitory. The hawks point to the surging cost of food, freight & restaurants, while doves point to other categories being muted. We’ll debate the lasting impact of inflation. Plus, a new tax proposal is making its way through Washington, and it’s aimed at stock buybacks. Will it pass, and would it wreck the market rally? We’ll explore. And, shares of Lovesac were already soaring this week, and it just got another big boost from earnings today. We’ll speak with the CEO about what’s ahead. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The market’s recent losing streak has investors wondering – do you stick with what’s been working, or start to get defensive? We’ll speak with a fund manager who has three names he thinks will continue to stack gains into the end of the year. Plus, Cheniere has been on a roll, and just announced it will be paying its first dividend in company history. But could surging natural gas prices spoil its run? We’ll ask the CEO. And, Academy Sports is down big today despite what its CEO called the “best earnings” in company history. Is this as good as it gets? We’ll explore. 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 crucial differences in clean energies, and why solar may soon lead the way. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly points out signals of upward pressure in the energy market that could hit consumers right in the wallet. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

‘Be greedy when others are fearful, and fearful when other are greedy.’ It’s an old market trope, but are we in this cycle? The bears may be coming out on Wall Street lately, but we’ll speak with one strategist who says now is definitely the time to be greedy. Plus, some Wall Street heavyweights are weighing in on the merits of investing in China. Is it a threat or opportunity for investors? We’ll debate. And, speaking of greed, greed is out and doing good is in when it comes to the next wave of IPOs. But will that strategy pay off? We’ll explore. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

As the Dow and S&P slide today, Morgan Stanley is taking U.S. equities to underweight. They’ll join us to explain the bold call. Plus, President Biden’s tax plan includes more than 80 hikes and changes, but only three raise the most money. We’ll break them down for you. And, the 2021 NFL season kicks off this week, and a number of betting names to could benefit in a big way. We’ve got your stocks to watch. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

August’s disappointing jobs report exposed a clash between slowing jobs growth and rising wages. But another clash is brewing as well, between the confidence of consumers and CEOs. Does one explain the other? We’ll ask Conference Board CEO Steve Odland. Plus, in the aftermath of Hurricane Ida, are insurance premiums about to spike? We’ll explore the storm’s full impact, and what happens if these weather events become increasingly ‘normal.’ And, activist investing firm Engine No. 1 is reportedly revving up to take on another big oil producer. We’ll explain the high-profile fight that could be shaping up. 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 shift toward electric power isn’t as clean as 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.

New data shows prospective employees either getting more interested in returning to work, or never coming back at all. We’ll explore what it means for both workers and employers ahead tomorrow’s crucial jobs report. Plus, ChargePoint shares are surging on a strong quarter, but are still well off their 52-week high. So why is the CEO so bullish? We’ll ask him. And, in a consumer-focused edition of Rapid Fire: how inflation and supply chain issues are weighing on earnings across nearly every sector today. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

September kicks off with yet another economic data miss, with investors on edge ahead of Friday’s big jobs report. Is Fed tapering still on, or not? We’ve got some strategies and names for you that pay, and are Fed-proof too. Plus, if hiring is slowing, then why are so many big companies going on hiring sprees? From Walmart to Fidelity, we’ll tally up the thousands of new job openings nationwide. And, in today’s tech-themed Rapid Fire: Apple wants to takeover your life, is TikTok killing Facebook?, and what Cathie Wood means by “transparency.” 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 those who bought into 2020’s red-hot housing market may have bought in at a good time after all. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The delta variant put a huge dent in America’s reopening plans, and consumer confidence is sinking sharply as a result. We’ll recap today’s difficult data, and tell you how to position your portfolio ahead of Friday’s crucial labor report. Plus, the supply chain was already broken -- and then Hurricane Ida hit. We’ll speak to a company trying to regroup on the front lines. And, in today’s very meta Rapid Fire: video games, app stores and Zoom calls. 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 a matter of when, not if, renewable energy overtakes oil & gas. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Rescue & cleanup efforts are underway as Hurricane Ida slams Louisiana. We’ll bring you the latest details, including impacts for energy, oil & beyond. Plus, markets are rallying yet again today, reaching new highs for the S&P 500 and Nasdaq. But with September a historically weak month, where do markets go from here? We’ll debate. And, the travel rebound is hitting a roadblock, as airlines begin cutting capacity. Did recovery stocks get ahead of themselves? We’ll ask the experts. 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 Jay Powell’s taper commentary from Jackson Hole sending markets higher, Morgan Stanley’s chief U.S. Economist weighs in. With just four days away from the deadline for the U.S. to withdraw from Afghanistan, we discuss the geopolitical risks to the region and the role China could soon be playing in the country. Plus, despite Peloton shares falling today after the company cut bike prices for the second time, Loop Capital says selling the stock now is like selling Apple after it cut the price of iPods. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

From global turmoil to a Fed on the verge of tapering to rising rates and inflation. A look at how all these factors are playing out in your investments. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Can the star-studded gathering of tech CEOs at the White House today help solve the ransomware scourge around the globe? We’ll discuss. Plus, Delta is now charging workers $200 per month if they haven’t been vaccinated. We’ll explore the rising cost of being unvaccinated in our country. And, in today’s Rapid Fire: a sector-by-sector stock showdown, including a faceoff in retail, the IPOs to watch and the best bank to buy 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 her Amazon Prime account was one subscription too many. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Amid new highs for the S&P 500 and Nasdaq, it might be tough to find an attractive entry point to buy in. We’ll speak to one market watcher who sees a potential opportunity ahead -- a big taper tantrum coming for the market. Plus, Tim Cook just finished a decade as CEO of Apple. We’ll look back at the highs and lows in his first ten years at the helm. And, in today’s Rapid Fire: the return-to-office debate, gyms & casinos on the road to recovery and why we’re still buying home office items and binging Netflix. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The FDA has finally approved Pfizer’s Covid-19 vaccine, and fresh vax mandates are already pouring in. How might this shape the path of the pandemic? We’ll explore. Plus, a California judge just ruled that Prop 22 is unconstitutional -- a big blow for rideshare firms like Uber. But we’ll talk to an analyst who says the stock is still a top pick. And, in today’s retail-themed Rapid Fire: high hopes for Gap earnings, why Peloton looks out of shape, and how to play the ‘ugly shoe’ trend. 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 consumer spending isn’t missing from the official data, it’s simply not there. 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 an emotional ride for investors as they try to decipher if the Fed’s potential September taper is the right move. We’ll look at how you can best position yourself. Plus, China just passed one of the strictest data privacy laws in the world. We’ll explore what it means for stocks and U.S. companies operating there. And, in today’s Rapid Fire: with the rise of the delta variant, should investors start thinking about *never* returning to the office plans? We’ll dig into that. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

New credit card spending data shows even more of a consumer slowdown than we previously thought. But one portfolio manager says the consumer has never been healthier. He’ll give us his top reopening play. Plus, we’ll speak exclusively with the litigation firm that’s bankrolling “landmark” legal action against crypto exchange Binance following its May 19th outage. And, could the delta variant and rise of new mask and vaccine mandates bring the restaurant recovery to a halt? We’ll ask the CEO of P.F. Chang’s. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Another round of weak economic data was released today, as housing starts disappoint Wall Street. But one fund manager is continuing to bet on both housing & the consumer. We’ll ask him if he fears the Fed’s taper. Plus, Robinhood releases its first results as a public company after the bell tonight. Can it live up to the ‘meme mania’ hype? We’ll discuss. And, in today’s Rapid Fire: Cathie Woods goes on offense, the crypto craze hits emerging markets and a controversy in China. 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 only way to reignite the value/reopening trade might be for the Fed to "taper" its own taper talk. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks staging a broad sell-off, but what’s to blame: Fed taper talk, disappointing economic data or the Delta variant? We discuss. In today’s Rapid Fire, a look at IPO woes…Wish CEO’s dismal outlook, Roblox’s reopening wreck, The Honest Company’s rough week and BeachBody’s big investor. Plus, if Congress doesn’t extend the debt ceiling limit, there could be fallout that one investor says would make the Financial Crisis of 2008 look like a “three-minute, G-rated movie trailer.’ He joins us to discuss the potential generations-long impact on the muni market. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Last week saw consumer sentiment plunge, and now New York area manufacturing is slumping too. Is the Fed about to make a major policy mistake by tapering asset purchases too soon? We’ll debate. Plus, China is seizing on an opening in Afghanistan as the U.S.-backed government collapses. How big a setback will this be on the world stage? We’ll discuss. And, the crypto market tops $2 trillion again amid Bitcoin’s remarkable rally. We’ll talk about the turnaround, and what the crypto bulls are now saying about Ethereum, too. 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 destabilization unfolding in Afghanistan right now, and the fallout and geopolitical risks for investors. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly sounds off about expectations that core inflation next year will "only" be 2.5%. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The ‘reopening’ stocks aren’t working right now, and neither are ‘stay-at-home’ names. So how is the market still at all-time highs? We’ll discuss. Plus, a family sold everything and put their money into Bitcoin when it was at $900. We’ll highlight the extreme lengths they take to keep the fortune they’ve accumulated safe. And, in today’s Rapid Fire: Disney’s big beat, Apple’s privacy problems and why “Free Guy” could serve as a barometer for the future of the box office. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Some states ended extended unemployment benefits this year, while others didn’t. What’s happened to the workforce since then? We have new data. Plus, we’ll speak with the man who’s helping bring Bitcoin to El Salvador, and also working to make cryptos real currency by making payments both easier & cheaper. And, the author of a new book called “The Debt Trap” joins to discuss how America’s student debt crisis came to be, and potential solutions to solve it. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

We’ll speak exclusively with Dallas Fed President Robert Kaplan about today’s soft CPI report, and whether it’s changed his mind about tapering. Plus, it’s not just home buying that’s hot right now. There are now bidding wars for RENTALS! We’ll bring you the sky-high numbers. And, shares of secondhand e-commerce platform ThredUp are lower despite a relatively positive Q2. We’ll discuss earnings & the road ahead with the CEO. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Infrastructure bill has finally passed through the Senate. Who stands to benefit from $1 trillion in spending? We’ve got some stock picks. Plus, a foam shortage is tying up production of furniture and other household products. We’ll talk to the CEO of Huntsman in our ‘Out of $tock’ series. And, in today’s Rapid Fire: Domino’s gets saucy, Google proposes a work-from-home pay cut, and why the ‘buy now, pay later’ trend could create a credit conundrum. 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 a digital currency caught in the middle of Congress’ attempt to move the Infrastructure bill forward. We’ll explain why. Plus, we’ll speak with former hedge fund manager John Arnold about his battle against firms like Fidelity when it comes to charity. And, we’ll reveal the newest way that you can make money in the housing market, even when you’re not actually selling your house. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The U.S. added nearly 1 million jobs in July, as the unemployment rate drops to 5.4%. Is the labor market stronger than we thought? We’ll explore. Plus, companies have extra cash on hand, and they’re putting it to use. We’ll tell you one sector where buybacks should keep rolling. And, Idaho is running a $900 million surplus, so that means its taxpayers are getting a refund. We’ll talk to the state’s governor all about it. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

On the eve of tomorrow’s jobs report, we’ll take a look at current employment trends amid the ongoing worker shortage with Recruiter.com CEO Evan Sohn. Plus, with mask and vaccine mandates on the rise, could we all be going back to ordering takeout soon? We’ll ask the CEO of Papa John’s. And, in today’s Rapid Fire: semiconductors surge, Uber’s surprise profit and Yelp adds new filters to keep you up-to-date on Covid requirements. 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 on a disappointing jobs number, but Robinhood is soaring on the return of ‘meme mania.’ We’ll bring you all the market angles today. Plus -- is refusing to get the Covid vaccines the new smoking? We’ll speak with former HHS Secretary Kathleen Sebelius about how insurers should handle unvaccinated folks. And, we’ll speak with the founders of two different businesses who are evolving with the “new normal” as the delta variant rises and the pandemic continues. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.