The Exchange

Apple shares hit new all-time highs ahead of its upcoming stock split, while Microsoft joins the chorus of companies speaking out against its App Store policies. We break down what the split could mean for weighting in the Dow, and whether Apple’s road to $3 trillion just got trickier. Plus, a pandemic-induced hiring spree has led to nearly 500,000 new jobs in the fast food space. We discuss which...

Stocks rallying after existing home sales in July posted its biggest increase EVER… an economist and an investment strategist weigh in. And entrepreneur Don Peebles on Joe Biden’s messaging…and why it’s going to take NYC a decade to recover from the economic fallout due to the pandemic. Sticking with New York, some big-name hotels are in big trouble as they remain vacant. A look at the foreclosure...

California is having a rough go… blackouts and wildfires on top of the Covid 19 outbreak. We talk to the mayor of San Jose about all that, plus the future of Uber and Lyft in the state. Speaking of California, it’s one of the states as part of a coalition suing the United States Postal Service. The Attorney General joins to discuss the suit. And, Taco Bell’s pandemic revamp, Instagram’s new featur...

Lumber prices are soaring in 2020 as homebuilding is hot…a look at how to play that surge without having to buy a forest. And, why Axios’ Dan Primack calls Trump an ‘activist’ when it comes to getting involved in dealmaking. Plus, a shuffle button for Netflix, Harvard on hold, and fanny packs are back. That’s all in today’s Rapid Fire.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com...

A source tells CNBC that Oracle has entered talks to acquire TikTok’s U.S. operations. We break down the contenders vs. pretenders in the race for a TikTok takeover. Plus, ‘Fortnite’ maker Epic Games is seeking a preliminary injunction against Apple is in its App Store dispute. Could this be the start of trouble ahead for the tech giant? We explore in Rapid Fire. And, the S&P 500 and Nasdaq just h...

With vaccine stocks on a tear due to late-stage trials and government contracts for Covid vaccines, Jefferies’ Healthcare Equity Strategist tells us why those names could go the way of the pot stocks. And, a Democratic Congressman explains why he called trading app Robinhood ‘unethical’—and the changes he wants made to protect customers. Plus, in today’s Rapid Fire…Uber’s California fight, the US...

A California court just ruled Amazon can be liable for defective third-party goods sold on its marketplace. What does that mean for the future of its e-commerce business? We debate in Rapid Fire. Plus, retail sales climbed for the third straight month in July, and yet retail bankruptcies continue to rise – now totaling more than 40 this year. We explore the retail wreck. And, scheduled U.S.-China...

Tesla & Moderna are among the high-flying Nasdaq names in 2020, but shares of diabetes management innovator Dexcom have nearly doubled this year too. We talk to CEO Kevin Sayer about what’s driving company growth. Plus, Apple is reportedly set to launch a series of consumer subscription bundles, including virtual fitness classes. Can it compete with the likes of Peloton & Nike in the exercise sect...

The anticipation for investors is over as Joe Biden has selected Sen. Kamala Harris as his running mate. What can Wall St. expect if the pair get elected in November? Our experts debate. Plus, vertical farming unicorn Plenty just inked a deal to supply produce to more than 400 Albertsons stores. We discuss the deal, the ag-tech startup scene and more with Plenty CEO Matt Barnard. And, investors po...

With the S&P 500 just points away from its all-time intraday high, we take a look at whether there is more positive momentum for stocks and where to put money to work. And, Russia approving a Covid vaccine for the public without completing a Phase III trial and without any studies published by researchers...the Director of the Vaccine Education Center at the Children's Hospital of Philadelphia wei...

Treasury Sec. Mnuchin says there’s room for compromise on a new COVID-19 relief deal, just days after President Trump signed executive orders furthering aid amid stalled talks in congress. Is a new deal on the horizon? We’ll explore. Plus, Twitter has reportedly emerged as another potential suitor for TikTok, joining frontrunner Microsoft. But will TikTok’s U.S. ban ever actually take effect? We’l...

The jobs report was better than feared after a bad ADP reading. Will that take the urgency away from a stimulus deal? We have the latest. Plus, the President is escalating his tech battle with China saying he’ll ban business transactions with the owners of WeChat and TikTok. The move could have huge implications for U.S. companies. We’ll explore. And, while New York just announced schools can open...

Markets in limbo ahead of tomorrow’s July jobs report and an agreement on stimulus from Congress. The CEO of Recruiter.com—which called the past three jobs numbers right—tells us what he’s looking for in the data. Plus, a Facebook hotline to report hate speech, Nikola is no longer pre-revenue and people are taking the plunge into pools…that’s in today’s Rapid Fire. And, colleges have borrowed heav...

Wall Street may not love banks, but Warren Buffett sure does—the Oracle of Omaha buying Bank of America shares for 12 days in a row. A top analyst tells us why banks could climb 50% from here. And, Square Co-Founder Jim McKelvey says he couldn’t wait for government money to go to Covid research…how he’s putting his own money to work at a medical school to help fight the pandemic. Plus, CNBC takes...

As Congress has yet to pass another round of stimulus, the debate over whether the $600 unemployment benefit keeps people out of work is ongoing. A former Labor Department Chief Economist weighs in.  And record low mortgage rates are leading to a four-year high in home affordability. What that means for the housing market.  Plus, we break down how much money you need to retire during the Covid cri...

Microsoft confirms it is looking to buy TikTok and has to get a deal done in 6 weeks. The President weighing in on the matter again today. We have the very latest, and how a deal could reshape the tech landscape. Plus, yields are at record lows and the Nasdaq at record highs. This as we head into the worst month of the year for stocks. Do you stay the course or get defensive? We debate. And, Eli L...

From a Congressional hearing to blowout earnings, the four big tech titans had a busy week. We talk about their dominance and what’s next for the industry. And jumbo mortgage rates are higher than their conforming counterparts for the first time in seven years. What’s behind the move and what it means for homebuyers. Plus, men are ‘pinning,’ travel stocks feel the pain and a sports double-bubble....

Apple, Amazon, Alphabet and Facebook all report earnings after the bell today, and that could create market volatility if any disappoint. Our market experts tell investors what to watch for. Plus, a potential extension of the extra $600 per week unemployment benefit just stalled in the senate, as it’s set to expire tomorrow. We break down the latest stimulus talks with Sen. Amy Klobuchar. And, des...

Tech Titans Zuckerberg, Bezos, Pichai and Cook testify in a Congressional antitrust hearing.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

As earnings season marches on, second half outlook is getting murkier as companies fail to issue guidance due to the ongoing pandemic. Two strategists give their clear winners for the rest of the year. And the Pfizer CEO joins in an exclusive interview on the heels of their earnings beat and the start of the company’s late stage Covid-19 vaccine trials. Plus, why toll roads could help make certain...

Shares of Moderna are higher as it kicks off Phase 3 trials of its COVID-19 vaccine today. But there’s a key consideration when it comes to recruiting volunteers. We’ll explore. Plus, while investors have been eyeing the stay-at-home trade lately, solar energy has been red hot too. But can the sector keep powering higher? We’ll discuss with an industry analyst. And, safe havens like Gold, Silver a...

As regulators focus on breaking up big tech, an expose in the Wall Street Journal accuses Amazon of using its investments and deal-making process to launch products comparable products to put competitors out of business. A former FTC Chair and law professor weighs in.  And people are leaving major US cities in droves due to the ongoing pandemic, we take a look at their fate and if they can bounce...

With jobless claims picking up, uncertainty over what additional stimulus will looks like, and Florida recording its highest single day increase in covid deaths, will these market gains stall out? We debate. Plus, an exclusive interview with Chipotle CEO Brian Niccol. Digital sales more than tripled in the second quarter, the stock is up 35% this year…can the company keep it up? And what’s next? W...

Tensions heating up again with China after the US ordered its consulate in Houston, TX closed. We discuss the geopolitical and the market risks. And, Congress is currently hammering out what the next round of stimulus should look like…Conference Board President Steve Odland has what CEOs are looking for. Plus, one company is putting the contact tracing into contact sports…that’s in today’s Rapid F...

The S&P on track for its best July in a decade, everything form fast food to healthcare to housing hitting new highs today. Is tech’s historic run about to give way to America’s comeback kids? Plus, speaking of historic runs, Tesla’s been on an epic stock bender this year. We look at whether the stock can keep climbing after its key earnings report tomorrow, with profit expectations running high....