The Financial Exchange Show

This week Todd Lutsky explains the reasoing behind naming beneficiaries in your IRA. Todd takes calls from listeners about selling rental properties in a trust and the process of step-up in basis after a spouse passes away.

Chuck Zodda and Paul Lane wonder if the soft landing will be a little bumpier than  thought. Massive port strike could have ‘devastating consequences’ for consumers, expert says. What are the holes in Harris's housing plan? A CVS breakup is no easy fix for its problems. Google is working on reasoning AI. Could the recent storms force a change in migration paterns for Americans? 

Chuck Zodda and Paul Lane discuss the rise in energy stocks as tensions in the Middle East explode. Has Nike run out of time? Chinese stocks in Hong Kong soar more than 7% on stimulus bets. Todd Lutsky stops by for his weekly segment, Ask Todd!

Mike Armstrong and Paul Lane discuss auto sales idling as prices remain elevated. Rent or Buy? How falling mortgage rates are changing the math. Social Security shortfall could cost millennial couple nearly $1M. Nike's sales are in a funk. Is the brand losing its luster?

Mike Armstrong and Paul Lane break down the ISM Manufacturing survey and the JOLTS report. Fed's Powell says rate cuts can sustain soft landing, but sees no need to rush. Dockworkers launch strike at ports from Maine to Texas. Boeing weighs raising at least $10B selling stock. CVS to cut 2,900 jobs and is reportedly mulling a breakup. DirecTV strikes deal to acquire Dish Network.

Chuck Zodda and Mike Armstrong discuss the potential dockworkers strike that could slam the US economy. Boeing and the union stall on strike talks. Pensions are the latest problem for the company. Michigan nuclear plant finalizes federal loan to support the first reactor restart in US history. AT&T exits pay-TV and frees DirecTV to combine with Dish. What are some of the worst mergers in US hi...

Chuck Zodda and Mike Armstrong discuss the market killing it right now, but what could kill the rally? What is going to be the financial impact of Hurrican Helene? The stock market isn't all about AI anymore. A week of shock and awe ignites China's stock markets. China has broken the 'critical materials' market. 

Chuck Zodda and Mike Armstrong discuss nuclear power being the new AI trade. What could possibly go wrong? Microsoft wants nuclear power so bad for AI that is is paying double. Boeing's union rejects 'best and final' offer. Sorry, your insurance bill probably isn't coming down much. Why television executives are freaking out over 2029. Paul LaMonica from Barron's joins the show to share his optimi...

Chuck Zodda and Mike Armstrong discuss the Fed's key inflation gauge came in lower than expected. Wall Street wants more big rate cuts. Fed officials don't agree. Why these two stock-market sectors need to be treated with caution. Turning OpenAI into a real business is tearing it apart. China's market marred by glitches as frenzy grips stocks. Fidelity slashes mobile deposit limits following fraud...

Chuck Zodda and Mike Armstrong discuss the difficulties finding a new job but dispute the notion that it is harder than ever. Some economists think this might be a bad omen for the economy. Boeing needs to take a cue from UPS and pay its strikers. OpenAI to become for-profit company. Super Micro shares tumble 12% after DOJ reportedly opens a probe into the company. Raising the full retirement age...

Chuck Zodda and Mike Armstrong discuss the day's economic data releases are all pointing to one thing. Investors are finally experiencing the 'everything' bull market. How long can it last? Micron gains the most in 13 years as AI demand bolsters forecast. It's not a great fall housing market, is this as good as it gets? 

Chuck Zodda and Paul Lane discuss journalists writing horribly mistimed articles about monthly and yearly trends. Corey Adams joins the show to chat about return-to-office initiatives backfiring. Google files EU antitrust complaint accusing Microsoft of stifling cloud competition. Restaurant customers aren't tapped out. They're just bored. Restaurant portions are about to get smaller. Are American...

This week on Ask Todd, Todd Lutsky explains how a pooled trust works and what scenarios they make the most sense in. Todd answers questions from the audience about protecting assets from the nursing home.

Chuck Zodda and Paul Lane discuss why nothing is moving markets right now. Trump's low-tax, high-tariff strategy could clash with economic realities. China cuts one-year policy rate by most ever in stimulus drive. Todd Lutsky joins the show for his weekly segment, Ask Todd. This week, Todd explains what a pooled trust is.

Mike Armstrong and Paul Lane take a look at Boeing's ongoing strike and the latest offer that has been proposed to the union. A looming East Coast Port strike could shake up the economy before the holidays. Are Fed officials leaving the door open for more large rate cuts this year? Will AI be a bust? One Wall Street skeptic is ringing alarm bells. 

Mike Armstrong and Paul Lane discuss JPMorgan CEO Jamie Dimon's warning about the worsening state of geopolitics. Consumer confidence sinks to 3-month low. Americans pessimistic ahead of elections. Why are 'Buy American' policies not helpful to Americans? Why is Trump targeting Deere? What is China doing now to boost its economy?

Chuck Zodda and Mike Armstrong wonder why voters love policies that economists hate. Why do some economists want to pay a gas tax? Comedian John Mulaney brutally roasts SF techies at Dreamforce conference. BJ's Wholesale Club eyes expansion far beyond New England. We get either a 4% mortgage rate or a stable job market.

Chuck Zodda and Mike Armstrong discuss Intel's stunning fall from grace and what happens to the chip giant now that it is being targeted for takeover by Apollo? Chip giants TSMC and Samsung discuss building Middle East megafactories. Gold trades near record before US data that may offer Fed clues. Sorry, the Fed can't save us from a bear market.

Mike Armstrong and Paul Lane discuss the role politics plays into the Fed and their decisions. What are the latest economic proposals from the presidential candidates? Three Mile Island's nuclear plant set to reopen to power Microsoft's AI center. Will Amazon's new 'Shark Tank' style show be a hit? Pizza Hut will print job seekers’ resumes on pizza boxes and deliver to employers in ‘the toughest j...

Mike Armstrong and Paul Lane discuss the S&P 500 and the Dow hitting record highs after the Fed's rate cut announcement. Now that rates are falling, what else should we be looking for? Nike CEO stepping down after rocky tenure. What is next for the housing market? Amazon says workers need to be in the office. Most of Silicon Valley disagrees. FedEx cuts full-year outlook after posting lower pr...

Chuck Zodda and Mike Armstrong detail how the markets are responding to the Fed's rate cuts. Matt Gagnon, CEO - Maine Policy Institute, joins the show to discuss if we are taking a too-early victory lap on inflation. Boeing furloughs white-collar workers as strike crunch worsens. Tech jobs are drying up and aren't coming back anytime soon. Darden Restaurants earnings disappoint as Olive Garden, fi...

Chuck Zodda and Mike Armstrong discuss the Fed's 50 basis point rate cut and how they came to that number. What are the updated odds of the soft landing? What are the biggest risks post rate cut? The Fed changed the math for mortgages, is now the time to refinance? What do lower-rates mean for the trillions of dollars in CDs and high-yield savings accounts? 

Estate planning attorney Todd Lutsky from the law firm of Cushing & Dolan joins the show for his weekly caller segment "Ask Todd".

Chuck Zodda and Marc Fandetti open up the second hour of today's show recapping comments from Ray Dalio, who downplayed the Fed's rate moves having an impact over the longer term. Chuck may or may not have ranted. Plus, is there really a national debt crisis looming? Presidential candidate Donald Trump latest proposal involving the SALT tax. Stack roulette based on an...interesting survey.

Fed meeting day is officially upon us! Chuck Zodda and Marc Fandetti preview their expectations for the Fed's significant meeting and discuss what they are most looking forward to. Also, why do other central banks in different countries care so much about the interest rate cut coming in the U.S? And Todd Lutsky, estate planning attorney from Cushing & Dolan, joins the show for his weekly calle...