The Exchange

The September jobs report crushed expectations, so did the Fed make a mistake by going big on that first rate cut? We’ll debate. Plus, our market guest says this is what a soft landing looks like, and investors should own small-cap stocks going forward. And restaurants have been challenged by higher wages and a softer consumer, but Guggenheim says one name is dealing with it better than the compet...

One prominent OpenAI investor says the company is too important to forgo the scrutiny of going public, but one of our guests says that as long as Sam Altman can raise gobs of money in private markets, that won’t happen. He explains his take. Plus, the September jobs report is on deck, Middle East tensions are at a boiling point, and the U.S. election is right around the corner. We unpack the uncer...

OpenAI is officially closing its multibillion-dollar funding round, marking one of the largest private deals ever seen in Silicon Valley. We have the eye-popping numbers and companies backing the startup. Plus, Nvidia and Accenture are teaming up to accelerate corporate adoption of AI. And Hurricane Helene’s path of devastation took out one of the most important towns for the semiconductor industr...

The latest updates on Iran’s missile attack on Israel, including the ripple effects across the Middle East and the fallout for equities, commodities, and more. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Atlantic Council President Fred Kempe and CNBC Contributor Michelle Caruso-Cabrera join us to break down the rising tensions in the Middle East, and what the future of the region holds for investors. Plus, recovery efforts are underway as Hurricane Helene has left more than two million without power. We have the latest and how each presidential candidate is responding to the disaster. And we’re co...

Our economist doesn’t see the bogeyman in today’s economic data, but warns inflation isn’t going to fade away completely. Plus, we’ll look at how to invest in housing as home prices begin to fall in parts of the country. And Chinese equities are having their best week since 2008, but new tariffs go into effect today. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information abo...

Stimulus news out of Beijing is sparking a massive rally in Chinese equities. We’ll debate whether this is Beijing’s big moment or merely a temporary fix. Plus, OpenAI is in the midst of an executive exodus as it considers restructuring to a for-profit company. And Southwest Airlines is having its best day since early 2020 after some bullish guidance out of its investor day. Hosted by Simplecast,...

Meta’s high-stakes developer conference is kicking off and we’ve got every angle covered from Wall Street to Silicon Valley as Mark Zuckerberg takes the stage. Plus, small caps are set to outperform in the wake of last week’s Fed rate cut, according to one of our market guests. And with 40 days until Election Day, SEIU’s president joins us with the union’s top concerns and a pulse check on the lab...

Listen to the day's top stories, theOur market guest says stocks will go higher from here, but don't chase the winners, and buy the setback stocks instead. Plus, consumer confidence is hitting a three-year low. We'll look at how that sets up the holiday shopping season, and the retail trade from here. And we’ll look at one under-the-radar green energy stock and how it's positioned to benefit from...

Deal chatter around Intel is running rampant, but our guest says Intel’s not the right fit and has a different semiconductor merger in mind. He’ll join us to make his case. Plus, the U.S. nuclear renaissance is taking shape and we’ll speak with the CEO of Uranium Energy Corp, which just struck a major deal in the energy space. And Nike, Starbucks and Boeing all have new CEOs, but is that enough to...

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Stocks are in rally mode following the Fed’s big rate cut, but our market guest says it may be time to slow down and get cautious. He explains why. Plus, Bank of America crunched the numbers and says one sector – and several names in it – is poised to pop following the first rate cut. The analyst joins us to make his case. And perhaps this is the news you needed today – you can now have Olive Gard...

It’s the final hour before the Fed decision, and our guests are divided on whether the Fed will cut by 25 or 50 basis points. We’ll look at how to position for either scenario and what the path forward for the Fed looks like regardless. Plus, Senators Warren and Kennedy join us in-studio with their take on the Fed decision, the looming government shutdown, and the presidential election. And SEC Ch...

The market seems to be ignoring today’s retail sales data ahead of the Fed decision on interest rates tomorrow. We’ll look ahead to the most uncertain Fed meeting in nearly a decade. Plus, the CEO of Rocket Companies says a quarter-point cut could lead to mortgage rates climbing in the near term. He’ll join us to explain why. And one analyst sees several names at or near inflection points, even if...

We’re two days away from one of the most consequential Fed meetings in recent years. Will the market get a half-point cut or only 25 basis points? We’ll look at the latest odds and what it means for investors. Plus, Brown Harris Stevens CEO Bess Freedman joins us ahead of the decision with what it will mean for the housing market. And the Dean of Valuation, NYU Professor Aswath Damodaran, is here...

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

If the Fed is expected to do a series of cuts, and the risks to the labor market are to the downside, then why not start with a half-point cut? Former Cleveland Fed President Loretta Mester joins Kelly in-studio to discuss. Plus, one of our guests says markets aren’t moving on rates right now, and joins us with how to position. And Disney is cutting prices as Warner Bros Discovery locks in a new d...

The latest read on inflation is dashing hopes for a half-point rate cut next week, but one of our guests says the size of the first cut doesn’t matter and the time to deploy cash is now. Plus, subprime is the new prime, if you believe the latest commentary from some of the banks. And there’s one group of consumer stocks that may remain stuck in neutral, even in a soft-landing situation. We look at...

Oracle hitting a record high after an earnings beat and high-profile partnership announcements…how the tech stalwart might’ve just become a new AI darling.  Harris and Trump set to square off on the debate stage tonight. We dig into the similarities and differences in the candidates’ policies.   Plus, not just the markets split on whether the Fed will cut by 25 or 50 basis points next week, accord...

We’ve got live updates from Apple’s “Glowtime” event in Cupertino. The tech giant unveiling its latest iPhone model, but will it be enough to convince customers to upgrade? And can Apple play catch-up in the AI race? Plus, Bank of America says not to buy the tech dip, but UBS sees it as an opportunity—the strategists make their cases.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com...

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are lower after the economy showed more signs of a labor slowdown ahead of tomorrow’s jobs report, but our market guest is staying optimistic for a 4th-quarter rally. Plus, US Steel remains under pressure on reports that the Biden administration will block its deal with Nippon Steel. And CNBC is unveiling its Official 2024 NFL Team Valuations today. We’ll tell you which team tops the list a...

Most of the chipmakers are under pressure again today, but one value investor says it’s time to buy and joins us with the names he’s bullish on. Plus, the yield curve is disinverting for the first time since the August sell-off, but a different part of the bond market is flashing a bullish signal for stocks. And Bernstein is naming an unloved off-price retailer as its top pick in the space. The an...

A new batch of economic data is raising fresh concerns about the health of the economy. We’ll look at how to protect your portfolio from a potential September swoon. Plus, Intel is launching its latest AI PC chip, but it may be too little too late to turn things around, according to our market guest. And housing affordability is front and center in this election. We’ll check in with one company th...

The soft-landing narrative is getting stronger with the Fed’s preferred inflation gauge coming in as expected. It could be smooth sailing for investors from here, but our market guest has one major concern. Plus, we’ll check in with one company that’s leveraging AI to keep the lights on, literally. And Abercrombie & Fitch is getting some love on Wall Street today, thanks in part to its inroads wit...