The Exchange

President Biden takes a victory lap with the surprise legislation from Democratic Senators Manchin and Schumer. Royal Caribbean CEO Jason Liberty discusses his take on second quarter strength, and why travelers are back on the high seas. Plus, Secretary Janet Yellen delivers remarks on the economy from the Treasury Department. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com f...

With just an hour away until the Fed decision, we discuss what Powell’s gotten right, what he’s gotten wrong, and whether or not its rapid rate hikes are a huge policy mistake. And as pending home sales in June fell 20% compared to the previous year, the CEO of the country’s largest builder weighs in on the impact of the cooling housing market on her bottom line. Plus—ads, autos, and appliances. W...

Walmart just cut its outlook, sending retail stocks and the broader markets spiraling lower. And now Shopify is laying off workers as e-commerce slows. Are there any winners in the retail sector right now? We’ll explore. Plus, the Nasdaq is leading the market declines as Microsoft & Alphabet are set to report earnings after the bell. Should you buy either right now? Our trader will make her case f...

Stocks are in “wait-and-see” mode as we dive into a critical week for the market. Big Tech earnings are on deck, big economic data is due out and the Fed’s big decision on interest rates. Looms. We’ll walk you through what to expect, what’s priced in, and how to position. Plus, we’ll speak with an expert who says the market is “volatile & directionless” right now, so consider dividend-payers to ri...

We’re back into “growth scare” mode, with weak PMI data out this morning and now Snap Inc.’s digital ad slowdown, too. Is it a Snap-specific problem, or an industry-wide sea change? We’ll get an insider’s view on how to position right now. Plus, we’re seeing more hiring freezes, corporate layoffs and warnings about the low-end consumer on Wall St. What does that say about the Fed’s inflation fight...

Europe is on the brink of crisis, as the continent grapples with energy cuts, collapsing governments and the first interest rate hike in 11 years, spurred by soaring inflation. How much worse can it get, and what does it mean for investors here at home? We’ll explore. Plus, the CEO of Alaska Air joins us with a dire warning on why you should book your holiday travel plane tickets right now. And, w...

The Nasdaq is leading the market’s rally higher once again. So is Tech the place for investors to be? One of our experts says “yes” – as long as it’s ‘resilient Tech.’ He’ll explain what that means. Plus, European countries are now being asked to ration natural gas amid the continent’s energy crisis. We’re live on the ground in Germany for the latest details, and we’ll discuss whether it could hap...

The bulls are charging back, as stocks stage another strong rally today. We’ll look at why we may be closer to the bottom than the top, and how one expert is positioning for what he calls “significant upside” ahead. Plus, there’s a major divergence growing between institutional and retail investors right now. We’ll tell you what it is, and what it says about the direction of the markets. And, Netf...

Stocks are higher once again today, with the Nasdaq now up 5% in July. So are slowdown fears over, or is growth rallying because it’s getting more scarce? We’ll discuss. Plus, Disney is the worst performing Dow stock over the past 3 months, 6 months and 12 months. Is it a macro issue? Politics? Or the CEO? We’ll have a bull-bear debate. And, earnings season is in full swing, with nearly a quarter...

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 https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Fed Governor Christopher Waller says his base case is still “only” 75 basis points for this month’s rate hike. But are underwhelming bank earnings a bad sign? We’ll look at the tough spot the Fed & markets are in. Plus, Dan Yergin joins us with his take on whether or not inflation has peaked, as he’s warning investors about the future of copper and a deepening global energy crisis. And, Netflix is...

Kelly explains how the Fed’s case for a larger interest rate hike this month just became more convincing. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Inflation soared to 9.1% in June, the fastest pace in 41 years. So why is the 10-year yield actually down today? We’ll look at the market-based inflation signals that have been dropping sharply, and could stay under pressure if the Fed does another large hike. Plus, David Zervos says the Fed has won “uber credibility” from their 75bps hike last month. But what do they need to do to keep that credi...

The Dollar is close to parity with the Euro. Bond yield curves are inverting or dropping sharply. And oil is collapsing again, back below $100/barrel. What are these big moves telling us? We’ll explore. Plus, Amazon Prime Day is officially underway. But there doesn’t seem to be as big a deal as in the past. Does the company still want retail to be its loss leader? We’ll take a hard look. And, Bill...

Across the economy, we are starting to see signs of a slowdown – and that might not be a bad thing. We’ll explain why, and what that means for you & your money. Plus, we’ll hear from one analyst who says restaurants actually want a recession now. He’ll explain why, and give us some stocks to watch. And, we’ll look at all of the ways the Twitter/Elon Musk saga could. We’ll run through 8 possible ou...

The U.S. economy added 372,000 jobs in June, bringing the overall total to more than 2.7 million since January. And separate data shows consumers are still spending. We’re definitely not in a recession right now, so what does that mean for markets? We’ll explore. Plus, Elon Musk’s deal to buy Twitter is reportedly in serious jeopardy. Is this the time the deal finally falls apart? And what happens...

Stocks are on the rebound again, as the Nasdaq tries to string together a four-session win streak. We’ll look at what’s prompting this change in investor sentiment, and where the best opportunities are right now. Plus, we can’t have a recession if the labor market remains this tight. But will it? We’ll look ahead to tomorrow’s big jobs report. And, oil is bouncing back strongly today, but commodit...

Ahead of the Fed minutes, one market strategist tells us why this is “the weirdest economy” she’s ever seen, and why she’s sticking with one beaten-down sector. Voyager Digital just the latest casualty in the crypto collapse, the CEO of one digital bank tells us why she’s saying “good riddance” to a lot of the ecosystem. And mortgage applications fell again last week as rates sit at multi-year hig...

It’s a new week, but the same old story as stocks sell off once again. It comes as concerns of a possible recession continue to grow, especially in Europe. We’ll hear from an expert who says the biggest risk to markets is a Fed overreaction right now. Plus, Bill Ackman says the Fed needs to kill off inflation to save the economy. So who’s right? And what does the Fed need to do here? We’ll ask Jef...

The chorus of calls that we’re already in a recession is growing, and yet data continues to show signs of strength. Is the data just lagging, or a different picture of the economy entirely? We’ll explore. Plus, Apple, Amazon and Starbucks are all facing labor battles as the unionization push grows. We’ll get the latest on each, and the impact it’s having on their stocks. And, we’ll get you ready f...

Kelly explains why the labor market is key to where the economy goes from here. 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 lower again today, as we close out the worst first half since 1970. But previous bad starts have been followed by strong finishes. Is there hope for a rebound? We’ll discuss. Plus, Crypto is also getting crushed this year. Bitcoin is now down 60%, and back below $20,000. We’ll explore why bad news for the entire sector keeps rolling in. And, the Renaissance IPO ETF has lost half its val...

The S&P 500 is on pace for its worst first half since 1970. Will it be different story in the back half of 2022? We’ll look at the dynamics at play as June nears a close. Plus, the collapse in Crypto prices has one expert saying it reminds him of the 2008 housing crisis. He’ll join us to explain why, and what he sees happening next. And, we’ll speak with an expert who says investors should forget...

Ark Invest’s Cathie Wood says the U.S. is already in a recession. But Fed Official John Williams says the economy is “strong.” Who’s right, and what should you do with your money here? We’ll explore. Plus, retailers like Allbirds & Warby Parker rushed to go public during the height of the pandemic e-commerce boom, but now they’ve plunged 70% so far this year. Are they prime takeover targets? We’ll...

Kelly explains how there are signs the macroeconomic environment is actually improving. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.