Markets no longer seem obsessed about the possibility of recession. Goldman Sachs cuts its recession probability to 15% and consumer staples stocks continue to sell off. Plus, Wegovy helps make Novo Nordisk the most valuable company in Europe, passing LVMH. And Taylor Swift and Beyonce sell out shows, but what about the circus, and motocross and monster trucks?
The economy added 187,000 jobs in August. Not a lot, but not too many either. While the unemployment rate moved higher, but not too high. Markets seem to be betting that this won’t force the Fed into another interest rate hike. Is that the case, or overly ambitious? We’ll debate.
The tech rally rolls on, as today’s key earnings reports seemed to satisfy the markets. Will tomorrow jobs report be enough to keep it going as well? We’ll discuss. Plus, move over ‘Barbenheimer!’ Taylor Swift’s concert movie is set to debut the same day as “The Exorcist: Believer.” Will the ‘Exor-Swift’ be another jolt to the box office? We’ll explore.
Markets are experiencing a late-summer rally, especially for tech stocks. The Nasdaq is on pace for its 7th positive day in the past 8 sessions. We’ll explain what’s driving the move higher. Plus, the self-driving push has hit a speed bump. Cruise had to cut back its autonomous ride-share program, while regulators are inquiring about Tesla’s autopilot program. We’ll discuss the impact for autonomous driving overall.
President Biden is set to speak about Medicare drug prices. While the FDIC plans to force banks to protect themselves in case of failure. And the SEC just lost a key court battle, potentially clearing the way for an official Bitcoin ETF. We’ll tell you what it all means for you and your money.
Commerce Secretary Gina Raimondo is visiting China, just as the nation’s real estate market takes another hit. This is the third trip to China by a Biden cabinet member this summer. Is anything actually getting done? We’ll discuss. Plus, hedge fund Tiger Global is defending itself from what it’s calling “misinformation attacks” by a disgruntled former employee. We’ll dig into the allegations, but also look at what might be an even bigger issue: its recent performance.
Fed Chair Jerome Powell says inflation is still too high, and the Fed is ready to raise rates even more if needed. We’ll dig into the whole story. Plus, Oppenheimer is bullish on Nike, while Morgan Stanley is skeptical about Abercrombie & Fitch. We’ll get the read on retail from both firms.
Investors looking for insights into Fed Chair Jerome Powell’s process are being well “fed” this week, with the Jackson Hole summit now underway. We’ll tell you all you need to know. Plus, Nvidia’s earnings blew well past expectations, briefly sending the stock to record highs as it dominates the AI chip race. Can it keep up this momentum? We’ll debate.
It’s the day Wall Street has been waiting for: Nvidia earnings are here. The stock has already tripled so far this year. Can anything the company says help push the shares even higher? We’ll discuss. Plus, mortgage demand has dropped to a 28-year low, as rates jump above 7% -- their highest level in 2 decades. But are the high rates crippling homes sales, or is it just a lack of inventory? We’ll explore.
Retail earnings reports are still rolling in. While tech earnings are telling us about the impact of AI. Are corporate profits, and the economy, strong enough to send stocks higher? We’ll discuss. Plus, we’ll ask the CEO of Masonite if the company is seeing a slowdown, as fewer people move out of their homes amid soaring mortgage rates.
The biggest econ event of the summer is upon us: the Fed’s summit in Jackson Hole, WY. We’ll tell you what to expect, as yields continue to soar – including the 10-year yield at its highest level in 16 years. Plus, we’ll speak to the CEO of Brinker International. What are Chili’s & Maggiano’s seeing on the inflation front? And how is consumer spending holding up in this environment? We’ll ask.
Soaring bond yields, and falling stocks. That’s the setup for the markets right now. How worried should investors be about rising rates and the impact on tech stocks in particular? We’ll explore. Plus, Instacart is reportedly planning to go public, possibly as soon as next month. While ARM Holdings is also in the pipeline. Is the IPO market finally starting to defrost? We’ll discuss.
Walmart says consumers are hunting for bargains as inflation squeezes their wallets. But how about the high-end consumer? We’ll talk to the heads of Equinox & Christie’s about that. Plus, a California insurer is making a big move in the pharmacy space. We’ll explore what it means for both stocks and drug prices.
Target is slashing its full-year forecast, as the retail giant fails to hold onto an increasingly “thrifty” consumer. We’ll discuss the fallout for both the company and retail sector. Plus, Hertz and GM are standing firm on the future of EV car rentals. The CEOs of both companies will join us to discuss that and the auto industry at-large.
Fitch is putting banks on notice – even the likes of JPMorgan. But Moody’s already downgraded multiple names in the space. In Fitch too late to the game? We’ll explore. Plus, the newest retail sales data shows the consumer is holding strong. But for how much longer will that be the case? We’ll discuss.
China contagion is a concern today, as the country’s real estate sector sells off following a big warning from Country Garden. How bad could the ripple effect turn out to be globally? We’ll explore. Plus, someone once said “there’s no such thing as bad publicity.” But that person was not Goldman Sachs CEO David Solomon. After a series of unflattering articles, many are asking: how much longer can he keep his job? We’ll discuss.
The deal making environment is heating up, and now stock exchanges are reportedly battling it out over new listings. We’ll debate whether it’s market euphoria or simple enthusiasm. Plus, corporate diversity initiatives are under legal scrutiny. Two experts in the field weigh in on Corporate America’s options. And driverless taxis are getting the green light to expand in San Francisco, but not everyone’s ready to take their foot off the brake.
Self-driving vehicle firms Waymo & Cruise are looking to expand their operations in San Francisco. California’s utility commission is voting on the measure. If it passes, it could open doors for autonomous vehicle across the state. We’ll track the story. Plus – our back-to-school series continues. Today we’re looking at retail. Will we see a slowdown in consumer spending this year, especially as high inflation persists and student loan balances remain a concern for some shoppers? We’ll discu...
We got some huge headlines in the media sector today. ESPN is diving head first into sports betting, inking a deal with Penn Entertainment. And that comes ahead of much-anticipated earnings from Disney. We’ll discuss. Plus, it’s back-to-school season again. And this fall, students, parents and teachers are facing a wave of issues, from inflation to AI. We’ll take a deep dive into each of them this week.
Stocks are shrugging off yesterday’s rally, after a big downgrade of multiple U.S. banks at Moody’s. We’re also seeing lots of earnings-related moves. We’ll break it all down for you. Plus, inflation is a concern for all sectors right now, and that includes concerts and live events. Ticket prices, travel and accommodations are all expensive. We’ll speak to the CEO of Vivid Seats about it.
Consumer credit card debt has hit a new record high. But with rates on the rise and inflated prices remaining high, could this be a catalyst for problems in the economy? We’ll discuss. Plus, Zoom – the company that basically facilitated the work from home” trend – has officially called workers back to the office. Is this the end of an era for remote work? We’ll explore.
Even though today’s jobs number came in just short of estimates, the markets are saying it’s enough to keep the economy out of recession – and the Fed on the sidelines. We’ll discuss. Plus, the other bit of news boosting stocks today: strong earnings from tech titan Amazon – especially for its cloud business. We’ll recap the results.
The market is continuing to react negatively to Fitch’s downgrade of our credit rating. Jamie Dimon told us it doesn’t matter, but stocks seem to be saying it does. We’ll explore. Plus, Apple & Amazon are set to report earnings today. We’ll discuss the key things to watch from each of these potentially market-moving reports.
On today’s show we have an exclusive discussion with JPMorgan CEO Jamie Dimon. He’s in Montana on a tour of bank branches there. We’ll talk to him about the economy, the Fed, the state of banks, and of course, the downgrade of the United States’ debt by Fitch.
The busiest week of earnings season is in full swing, and it’s Wall Street’s chance to see how companies are faring. The results are pouring in, and we’ll dig into which names have reported and those yet to come. Plus, the U.S. is seeing a new Covid surge, with cases up by more than 10% compared to last week. Hospitalizations are on the rise as well. With an updated vaccine on the way, will enough people actually take it? We’ll explore.
The only thing hotter than the weather in July has been the stock market. The Dow has only had 4 down days this month. Can the red hot summer rally continue into August and beyond? We’ll explore. Plus, trucking company Yellow has shut down operations and filed for bankruptcy. With a key player out of the game, are shipping costs going to rise? We’ll look at the inflationary pressure this could cause.
There’s a massive biotech buyout underway, with Biogen paying over $6 billion to bulk up its rare disease portfolio. We’ll explore the “arms race” brewing in big pharma. Plus, we have more ‘power players’ joining the show. Valley Bank’s CEO gives us a read on rising rates and new bank rules, while the Union Square Hospitality Group CEO gives us insight into the consumer.
Companies are facing more and more regulatory scrutiny lately. And it’s not just one industry – and nor is the pressure coming from just one source. We’ll explore. Plus, we’ll speak to 2 power players who can shine a light on the consumer: the CEOs of Crocs and Travel + Leisure Co. both join us live.
The Federal Reserve approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their highest level in more than 22 years. In a move that markets had completely priced in, the FOMC raised its funds rate by a quarter percentage point to a target range of 5.25%-5.5%. The midpoint of that target range would be the highest level for the benchmark rate since early 2001. We’ll discuss what it means for markets, the economy & your money.
Two distinct leadership styles are emerging across boardrooms: companies run by seasoned ‘operators,’ and those run by more risky ‘revolutionaries.’ But which is better for shareholders? We’ll explore. Plus, TikTok is launching an in-app shop as it pushes into e-commerce. But could it face similar issues to other platforms that sell “Made In China” products? We’ll ask a retail insider.
