The Financial Exchange Show

On the second hour of today's show, Mike Armstrong and Marc Fandetti discuss Amazon's announcement to its employees: get back to the office 5 days a week. Also, is raising the federal minimum wage truly a fix? More on the child care economic proposals from both presdiential candidates. And an update on Kroger & Albertson's battle with the FTC regarding their merger.

Mike Armstrong and Marc Fandetti start off the show discussing how big of a rate cut they anticipate at the conclusion of the Fed's meeting tomorrow. Plus, will August's better-than-expected retail sales report provide any valuable information ahead of the central bank's decision? Is it a given that a rate cut will actually help the housing market? And, why both candidates continue to ignore the f...

On the second hour of the show, Chuck Zodda and Mike Armstrong take a look at an Bloomberg opinion piece discussing how consumer staples stocks are seeing more attention. Plus, Sarah Foster of Bankrate joins the show to talk about their updated wage to inflation index. Which Apple product is getting more attention that the iPhone 16? Plus, stack roulette.

Fed week is upon us. Chuck Zodda and Mike Armstrong give their insight as to how much the Fed will cut interest rates this Wednesday and run through arguments for 25 bps vs 50 bps. Also, what's more important to take note of at the end of this Fed meeting? An update on the Boeing factory workers strike. And the ongoing challenges Ford is seeing in China in relation to EVs.

Mike Armstrong and Marc Fandetti discuss Trump's latest proposal, no taxes on overtime work, and if this is something that will get blue collar workers excited. Gloomy summer signals worsening picture for China's economy. The deflation breakdown for August 2024. US driving and congestion rates are higher than ever. Paul LaMonica from Barron's joins the show to chat about Petco.

Mike Armstrong and Marc Fandetti wonder if the Boeing union strike will cripple the aerospace giant. American Airlines flight attendants ratify new contract with immediate raises. Amazon boosts pay for its drivers following threats to unionize. Consumer sentiment climbs to 5-month high as inflation eases. Americans are still pessimistic. The Fed's rate cut dilemma: start big or small? Atlanta Fed'...

Mike Armstrong and Paul Lane discuss what the presidential candidates are proposing to solve the worst housing crisis in decades. GM and Hyundai explore a partnership to develop vehicles together. Why are top Jeep dealers blaming the CEO for disasterous choices? What is the cost of lunch at a restaurant? Can Intel stop its staggering fall from grace?

Mike Armstrong and Paul Lane discuss investors adopting a defensive stance just before the Fed supposedly cuts rates. Earnings estimates are forgetting the Fed. What does that mean for stocks? Layoffs are low but that doesn't mean the labor market is in a strong place. Avoid ‘knee-jerk reactions’ to candidates’ proposed tax increases, financial advisors say.

Chuck Zodda and Paul Lane discuss last night's presidential debate between Donald Trump and Kamala Harris and what each candidate said about key economic factors. Why will retirees get a smaller bump to Social Security next year? A recession signal is flashing red, or is it? Oil falls to $60 in a good sign for a global soft landing. The fight against inflation gets a big win as prices fall at the...

Todd Lutsky joins the show to explain the benefits of a revocable trust. Todd also takes calls from listeners about how they should navigate their revocable trusts.

Chuck Zodda and Paul Lane react to the CPI report that came in line with expectations and wonder how this report will impact the Fed's upcoming rate cut. Todd Lutsky joins the show to explain the benefits of a revocable trust. Todd also takes calls from listeners about how they should navigate their revocable trusts.

Mike Armstrong and Paul Lane discuss Google and Apple facing billions in penalties after losing appeals in the EU. The economy needs and bold Fed. Will it get it? Where should you put your cash now that high yield savings accounts are getting less attractive? Car giants are being forced to confront some hard truths over the EV transition. The rise and fall of Red Lobster.

Mike Armstrong and Paul Lane wonder if the 'vibecession' is over because the soft landing is actually in view. What are investors watching for during tonight's presidential debate? What does history tell us about the stock market and presidential elections? Should reverse mortgages still be viewed as the boogeyman? Bank of America raises minimum hourly pay to $24, as tellers flee the industry. App...

Chuck Zodda and Mike Armstrong discuss the state of American's wallets. Americans have a new piggy bank to raid - their houses. When chasing more dividends leaves you with less. U.S. prepares to challenge Google's online ad dominance. Are greedy companies to blame for grocery inflation?

Chuck Zodda and Mike Armstrong discuss why it is hard to take certain financial articles seriously, like this one, September is once again a tough month for stocks. The bond market rally rides on how fast the Fed cuts rates. China's troubles are hitting home for U.S. companies. Incoming Starbucks CEO's tall order: calming anxious employees. Boeing reaches tentative deal with workers to avert strik...

Chuck Zodda and Mike Armstrong discuss Fed official Waller already indicating the necessity of a September rate cut. Why is Trumps latest tax cut proposal irking economists? The NFL is back and it has never been more expensive to watch. Americans eat an average of 42 pounds of cheese per year. Paul LaMonica from Barron's joins the show to preview next week's Apple event.

Chuck Zodda and Mike Armstrong breakdown the August jobs report that came in lower than expected and wonder how this information will impact the Fed's upcoming rate cut. Are there downsides to falling interest rates? What is causing the recent market jitters? The massive tech company nobody talks about just reported sluggish earnings.

Chuck Zodda and Mike Armstrong explain why cheering on the yield curve could be foolish. American drivers signal a top in gasoline demand. A supersized Fed rate cut this month could be very dangerous for markets. A 'retirement disconnect' has swept across multiple generations of Americans. Nvidia says it has 'not been subpoenaed' by the DOJ in latest probe. Beyond Meat to launch new steak alternat...

Chuck Zodda and Mike Armstrong discuss why this jobs report could be the most pivotal one in years. The hot labor market has melted away. Just ask college grads. Harris pushes 28% capital gains tax rate on $1M earners. Biden prepares to block $14B steel deal. Volvo scraps plan to sell only EVs by 2030.

Chuck Zodda and Marc Fandetti are encourage that only 44% of workers are 'cautiously optimistic' about meeting retirement goals. Can democrats stop the tax doom loop? For Volkswagen, the bumpy road to EVs starts to hit home. 'Rush' hour isn't what it used to be. 10-4 has replaced the 9-5. Trump wants to 'Drill, baby, drill,' but can he cut energy prices?

On this week's edition of Ask Todd, Todd Lutsky explains what a nominee realty trust is. Todd also takes calls from listeners about their specific estate planning needs.

Chuck Zodda and Marc Fandetti discuss yesterday's market sell-off and why investors are so fearful. US job openings decline to lowest level since January 2021. Todd Lutsky joins the show to share his insight into estate planning. This week, Todd explains what a nominee realty trust is.

Mike Armstrong and Marc Fandetti take a look at why stocks have historically dropped in September and come up with some interesting conclusions. Where will taxes rise the most if Trump's tax cuts are not extended? A recession could upend plans for people approaching retirement. Taking these steps can help, experts say. Why are thousands of hotel workers going on strike? Gen Z wants an inheritance....

Mike Armstrong and Marc Fandetti discuss how the Fed will use jobs data to gauge how much to cut rates this month. After last month's revision, should you continue to trust US jobs data? Is America's economic mood brightening? Is consumer spending starting to flash warning signs? Are cautious consumers aleady spending down?

Chuck Zodda and Mike Armstrong discuss the cost of parenthood and how that is impacting the birth rate in the US. Why are Apple and Nvidia interested in investing in OpenAI? Taxes may be a blind spot in your investment portfolio. Lululemon cuts guidance, misses sales estimates after botched product launch. Paul LaMonica from Barron's joins the show to chat about Eli Lilly and the future of weight...