Risk and Return with Charlie Gasparino and Bob Sloan

S3 Partners founder Bob Sloan flagged Strategy's (MSTR) funding problem months ago. With Bitcoin near $60K and Saylor's break-even around $70K, Bob and Charlie Gasparino break down the negative carry, the asset-liability mismatch, and the "holes in the boat": if his 4% of all Bitcoin starts hitting the tape, the ~$20K technical floor of the last crypto winter comes back into play...

Bitcoin's been cut in half — is the crypto winter just getting started? Charlie Gasparino and S3 Partners founder Bob Sloan break down the data behind the selloff, and why S3's positioning numbers on Strategy (MSTR) signal more pain ahead: a dilution spiral where the company issued shares, converts and then preferred shares, forcing an endless hunt for funding to hold the price up. Bob tie...

Charlie Gasparino opens with the headlines he's been breaking: the Paramount-Skydance bid for Warner Bros. getting a pass from the Trump administration, why two progressive state AGs could still tie up the $81 billion deal, and the puzzle of why Cory Booker is fighting Trump's bipartisan college sports reform. Then S3 Partners founder and managing partner Bob Sloan makes the case for &quot...

Charlie Gasparino and Bob Sloan open on the biggest IPO event in years: SpaceX going public at a $2 trillion-plus valuation, a deal Charlie frames as a cultural moment and "a referendum on how the country feels about itself." They dig into the S-1 — the AI buildout, the Starlink and xAI pieces folded in, the ~$100B raised across debt and equity — and Bob's central question for any pr...

Charlie Gasparino and Bob Sloan broadcast from their respective vacations for a wide-ranging vacation edition of Risk & Return. Charlie opens with a media spat over his California election comments and a broader critique of the mainstream press before pivoting to the real market story: the SpaceX IPO priced at a staggering $75 billion. Bob breaks down how the KOSPI short call from last week pl...

Charlie Gasparino and Bob Sloan break down the week's biggest market and media stories — from the criminal conviction of short seller Andrew Left to the AI positioning battles playing out across space, software, and satellite stocks. Bob unpacks why S3's "battleground stocks" framework — the seventh category of market data — matters more than ever in an index-dominated market, wi...

Charlie Gasparino and Bob Sloan are back together for a wide-ranging episode covering the Iran standoff, Fed Chair Warsh's long game, David Solomon's DJ return (?), and S3's earnings model scorecard. Bob breaks down why economic pressure beats military force ("I'll trade treasure for blood any day"), and walks through last week's 2-for-3 earnings calls. Then Bob gets...

Charlie Gasparino and S3's Sam Pierson break down what the positioning data says heading into a packed earnings week — plus Charlie's takes on the new Fed chair's impossible mandate, Wall Street CEOs interacting with NYC's mayor, and the Iran/oil purgatory weighing on markets. This week: → Kevin Warsh's triple mandate: inflation, employment, and Donald Trump→ Why Jamie Dimon an...

The narrative says to the moon — but the positioning says not so fast. Charlie Gasparino and Bob Sloan break down the growing credibility gap between what Wall Street is saying and what the money is actually doing. This week: the most shorted stocks are quietly outperforming every index, semiconductor short positions are accelerating faster than longs, S3 data is flashing major warning signs on Bl...

Charlie Gasparino reports live from the Milken Institute Conference in Los Angeles with the latest from his fireside chats with Florida Governor Ron DeSantis and Senator Tim Scott, plus reporting on Ken Griffin's announcement that Citadel is scaling back its $6B NYC expansion. Bob Sloan walks through last week's S3 earnings model results, the math on Ryan Cohen's GameStop bid for eBay,...

Bob Sloan and Charlie Gasparino on Iran's economic collapse, Powell's basement-office off-ramp, the college sports money grab, how positioning data cuts through narratives like the SaaS apocalypse, how short positioning called the Big Tech print, the real story behind the Avis squeeze, KOSPI overheating, and the $950M mystery trade fueling corruption claims. 00:00 Opening01:16 Iran on the...

Bob Sloan (S3 Partners) and Charlie Gasparino (Fox Business / NY Post) break down this week's biggest stories — Charlie's exclusive on the Kevin Warsh confirmation breakthrough, the DOJ rescheduling marijuana from Schedule 1 to 3, the insane Avis Budget (CAR) squeeze mechanics, signs of a bottom forming in software stocks, AMC's Battleground status and highlights from last week's CZ sitdown.

Binance founder CZ (Changpeng Zhao) joins Charlie and Bob for one of the most candid conversations in crypto. He covers the real story of Sam Bankman-Fried's desperate and erratic plea for billions, what four months in federal prison actually did for him, why Michael Saylor is a genius he can't fully explain, and why Satoshi Nakamoto should probably never reveal himself. He also breaks down his ne...

Charlie Gasparino and Bob Sloan break down what's really moving markets as the Straits of Hormuz situation unfolds — and why the algorithmic bid is masking genuine geopolitical risk. Charlie makes the case that Iran's fractured leadership and frozen economy put time on America's side, and calls out the media's framing of the conflict. Bob digs into S3's latest positioning data...

CoreWeave just closed the first-ever investment grade GPU-backed financing deal — $8.5 billion. Does that reset the private credit panic, or are the shorts still right? Charlie Gasparino and Bob Sloan of S3 Partners break down the data. This week: federal investigators are circling the prediction markets, GLP-1 drugs are quietly crushing consumer staples short interest is surging in Coke, Colgate,...

The Straits of Hormuz, private credit marks nobody believes, Software Shorts, Battleground Stocks, and a Coinbase setup that traders need to see. Bob Sloan of S3 Partners and Charlie Gasparino dig into the week's biggest market themes — from the exec who didn't know he was being taped, to why CoreWeave is the ultimate stress test for the entire AI trade. 00:00 - Intro 31:49 - Blue Owl 33:2...

Bob Sloan and Charlie Gasparino are joined by Jack Devine — former CIA Worldwide Operations chief and founder of the Arkin Group — to break down the geopolitical fallout from U.S. strikes on Iran. Devine argues that regime change from within is unrealistic and that a transactional deal capping Iran's nuclear ambitions is the most achievable outcome, drawing parallels to the Venezuela model. He...

CoreWeave might be the most important stock in the market despite being a $42B market cap company. They have $30B in GPU-backed debt, and the stress test for the entire AI infrastructure boom. If it works, it validates a trillion dollars in AI spending; if it breaks, it's the first domino in the most concentrated equity market in history. Plus: Maersk and Hapag-Lloyd rerouting around Africa as...

This week Charlie & guest co-host Matthew Unterman, managing director at S3 Partners, cover NVIDIA heading into earnings as the largest single-name equity short in the SPX, Hims & Hers Health as a battleground stock with shorts at a 52-week high amid the Novo Nordisk lawsuit, and a look at a list of top Packaged Food & Meat shorts.  Plus, Charlie shares the latest on the WBD deal among...

Charlie breaks down the latest twists in the WBD–Paramount–Netflix saga, explains why crypto markets unraveled, and spotlights this week’s biggest battleground stocks. We unveil new long ideas in Walmart and Live Nation, recap last week’s calls, and take viewers inside how the buy‑side uses S3 short‑interest data to identify dislocations across U.S. software, Hang Seng names, and global single‑sto...

This week's Risk & Return examines whether the software sell-off is overdone, with Oracle and Microsoft bouncing from lows but uneven sector recovery as hedge funds unwind crowded positions. We spotlight Hong Kong short interest anomalies including China Vanke's debt crisis and Pop Mart's explosive growth amid 170% short increase, plus battleground stock volatility that's seen...

Charlie Gasparino and Bob Sloan break down how policy uncertainty is reshaping market positioning and driving volatility across equities. They discuss the growing influence of active long leadership, and what shifting positioning signals about sector leadership and return opportunities. Charlie brings his latest reporting into the conversation.

This episode examines an interesting divergence developing across global tech markets: equity prices continue to climb while short sellers remain firmly engaged. In the U.S., the equal‑weight Nasdaq 100 has posted solid gains, yet we’re seeing short interest increase at the same time. The bulk of that short‑side pressure is clustering in media names such as Charter Communications and Warner Bros....

Bob Sloan is joined by the S3 research team for a data-driven episode on how investor positioning is driving market swings. Using S3’s data, they explain why certain large stocks are seeing big moves, how the Magnificent Seven stocks are starting to move in different directions, and what rising short selling in bonds, volatility, and European stocks may be signaling about where markets are headed...

Bob Sloan and Charlie Gasparino break down how policy uncertainty is reshaping market positioning and driving volatility across equities. They discuss battleground stocks, the growing influence of active long leadership, and what shifting positioning signals about sector leadership and return opportunities. Charlie brings his latest reporting into the conversation, including White House concern ov...