Still no deal on the debt ceiling as Speaker McCarthy says the two sides remain hung up on the issue of baseline spending, but our market guest says any debt ceiling risk may be to the upside. She’ll explain. Plus, billionaire real estate investor Don Peebles is warning “the worst is yet to come” for office REITs. He’ll tell us where he’s seeing opportunities as a result. And Jim Cramer sees a “genuine bull market” underway in one particular area of the market. We’ll tell you what it is, and spe...
May 24, 2023•45 min
Negotiations continue, but no debt ceiling deal yet. We’ll look at how investors can position for any scenario. Plus, Microsoft unveils more AI products, Google’s CEO issues a new warning, and Bank of America says one name is well positioned. We’ll speak with the analyst. And Lowe’s is lowering its full-year sales guidance – what does that signal for the rest of the market? We look at two key consumer names in Earnings Exchange.
May 23, 2023•44 min
A new Fed narrative has bond yields jumping, as Minneapolis Fed President Neel Kashkari tells CNBC he’s open to pausing, but not ending rate hikes. What are the policy implications amid rising US-China tensions and the debt ceiling deadline looming? Plus – there’s a key metric flashing a major warning sign in the trucking industry. We’ll tell you what it is and what it suggests about the rest of the economy. And we’re live at the final round of the 2023 National Economics Challenge, as the count...
May 22, 2023•44 min
Markets turning lower on reports that debt ceiling negotiations have stalled as President Biden attends the G-7 Summit in Japan. We look at how to position your portfolio. Plus, is AI an existential threat or a big opportunity for cloud companies? We’ll debate. And if only a handful of mega-cap tech companies are propping up the market, is it time to trim tech? We’ll ask one technician tracking the data.
May 19, 2023•45 min
Goldman Sachs saying AI could provide a huge boost to margins in the future, is artificial intelligence the bubble the stock market currently needs? We debate. Speaking of AI, one analyst says its popularity could take a big bite out of Google’s Search ad revenue, thanks to its trip-planning capabilities. Plus, bank regulators back on the Hill today, with the Fed’s Michael Barr laying out new regulatory proposals. Oppenheimer’s Chris Kotowski weighs in on the future of the financials industry....
May 18, 2023•45 min
Elon Musk did not hold back in his exclusive CNBC interview – we’ll debate the biggest moments that investors are talking about today. Plus, we run through three debt ceiling scenarios and the REITs that could benefit or be hurt the most. And mortgage demand is dropping as interest rates hit a 2-month high. Could home price declines be next? We have the things you need to know if you’re in the market.
May 17, 2023•45 min
A doubleheader in DC today with banks and AI under congressional scrutiny. Could anything have prevented the collapse of SVB? And what is the role of regulation in AI? We’ll debate both. Plus, one analyst is coming to Sofi’s defense after an barrage of bearish calls. He’ll join Kelly to make his case. And we’re following up with one company disrupting the future of weather forecasting. A look at how its technology could change the way Corporate America does business around the globe.
May 16, 2023•43 min
Fed officials say more work needs to be done on fighting inflation, but what does that mean for the markets with the next FOMC meeting a month away? Plus, our market guest is eyeing big opportunities in regional banks. He’ll reveal the four names he’s fixing to scoop up. And three big deals making headlines today – are they part of a larger trend? We’ll debate on the return of M&A mania.
May 15, 2023•44 min
Listen to the day's top stories, the must reads & a whole lot more for today's modern investor. CNBC’s Hugh Son joins ‘The Exchange’ to discuss Goldman Sachs’ A.I. powered social network Louisa, the startup community Louisa focuses on, andhow Louisa uses A.I. to pre-populate user information. Ben White, chief economic correspondent at Politico, and CNBC’s Kayla Tausche join ‘The Exchange’ to discuss the ongoing debt ceiling negotiations, June tax revenue expectations, and Donald Trump’s comm...
May 12, 2023•43 min
Kelly explains why the battle over the debt ceiling is just the beginning of the economic drama playing out in Washington.
May 12, 2023•3 min
Kelly uses AI to speak to some of the greatest economic minds of the 20th century about the Fed’s next move. And with jobless claims hitting the highest level in a year and a half, our market guest says to buckle up for a hard landing. So where are the opportunities? We’ll look at why REITs in the suburbs are booming, and how you can play that trend.
May 11, 2023•44 min
The Google IO Conference kicks off at the top of the hour, we’re live in Mountain View CA for the headlines. Evercore ISI putting out a tactical bull and a tactical bear call ahead of earnings. We dig into both names with analyst Greg Melich. Plus, Kindbody is #43 on the Disruptor 50 list this year. The company’s founder joins Kelly to discuss the big business of babies.
May 10, 2023•45 min
With just a few hours to the White House meeting on the debt ceiling, we look at what it means for the markets and how to position your portfolio. Choice Hotels blowing earnings estimates out of the water, CEO Pat Pacious tells us what’s next for the brand and the trends he’s seeing. Plus, need 10 bucks? Amazon will pay you to pick up your own packages.
May 09, 2023•44 min
Kelly explains why an under-the-radar economic indicator could highlight trouble ahead.
May 08, 2023•3 min
Warren Buffett says he’s not worried about a US debt default, but if 2023 shapes up to be a repeat of 2011, equity investors could be in for a world of pain. So is the debt ceiling showdown just political rhetoric or a signal to move to safety? We discuss. With the sunset of the Covid-era student loan payment moratorium, Wells Fargo named fitness brand Life Time as one of the companies most exposed to that debt. The Life Time CEO sounds off on those claims. Plus, Portillo’s shares under pressure...
May 08, 2023•44 min
Despite the strong headline number, the labor market is slowing…but is it slowing fast enough for the Fed? No, says one of my guests, and don’t bank on a rate pause ahead because of it. And, shares of Warner Brothers Discovery bouncing back after its U.S. streaming business turns a profit but is the euphoria misguided? We look at who is best positioned to come out on top in the streaming wars. Plus, our market guest says there’s one trade you should definitely avoid right now, it’s the names wit...
May 05, 2023•45 min
More pain for regional banks with PacWest down more than 50% after saying it’s considering “all options,” including a possible sale. Royal Caribbean’s CEO joins Kelly on the heels of reporting better-than-expected results, and raising full-year earnings guidance. And we go on the ground at Apple HQ in Cupertino, California, with a lookahead to the tech giants earnings after the bell.
May 04, 2023•45 min
The Exchange goes on the road to Washington, D.C. ahead of the Federal Reserve’s interest rate decision. Sen. John Kennedy joins Kelly and Tyler to discuss the economy, the banking industry, and the debt ceiling deadline. David Wessel from the Brookings Institute says the big question is what the Fed will signal about June. And Dan Clifton from Strategas has a closer look at the policy implications of the recent bank failures and a potential default.
May 03, 2023•43 min
Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
May 02, 2023•47 min
First Republic became the third bank to fail since March, but will it be the last? Charlie Munger is warning about cracks in commercial real estate – we’ll look ahead to three big names ahead of their results this week. And tech investor Brad Gerstner had some harsh words for Alphabet CEO Sundar Pichai earlier on CNBC. We’ll break down why he thinks Alphabet is falling behind in the AI race. Plus, and Exchange Exclusive interview with SoFi CEO Anthony Noto on the heels of their record financial ...
May 01, 2023•47 min
Four of the five mega cap tech companies have reported, we take a look at the company one strategist says has shown the lowest quality earnings. Plus, the “Dean of Valuation,” NYU’s Aswath Damodaran’s on how the lack of risk capital is impacting tech’s performance. The FDIC releases its finding regarding the Signature Bank Collapse. And the one corner of the health care market Mizuho’s Jared Holz expects to be a booming, multi-billion dollar business.
Apr 28, 2023•46 min
Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
Apr 27, 2023•40 min
Don’t miss the new details on First Republic’s desperate pitch to save the bank. Plus, how should you invest in a slowdown if the economy is like a car speeding down a cul-de-sac? And if the UK is closed for business, we’ll look at what it means for Microsoft’s deal to buy Activision.
Apr 26, 2023•45 min
First Republic hemorrhaged deposits in the first quarter, and one guest says it’s now a battle of survival. Does that mean hopes for a Fed cut this year are premature? David Zervos from Jefferies will weigh in. Plus, Alphabet and Microsoft earnings are on deck. Will last quarter’s cost cuts be enough to fund their investments in AI?
Apr 25, 2023•46 min
Is Bed Bath & Beyond’s bankruptcy a sign of trouble in the retail industry, or simply a case of mismanagement? Plus, the one key data point flashing a signal only see during – or right before – a recession. And with LVMH topping $500M in market cap, is it time to take profits or is a bigger luxury spending boom on the way?
Apr 24, 2023•45 min
Is the Fed being too laissez-faire about stress in the banking system? Former Dallas Fed President Richard Fisher says it still has to slay the “inflation dragon” and at least one economist agrees, saying that’s exactly why the Fed will hike rates in less than 2 weeks. Meantime, as the credit crunch hits Main Street, he hear from one small business owner who’s feeling the effects as he tries to expand. And XPrize Founder Peter Diamandis joins Kelly to discuss his latest $11M competition, and the...
Apr 21, 2023•45 min
Stocks are back in the red as a key economic indicator unexpectedly drops to a near three year low. It’s one of several data points that has our guest worried. She tells us which signals truly matter right now, and whether we should officially start the countdown to the recession. As for the consumer right now, American Express still sees resiliency, Ally Financial sees rising delinquencies, and one in five Americans are buying groceries with installment loans. We’ll discuss which names are stil...
Apr 20, 2023•45 min
Western Alliance is growing deposits – is that a bullish sign for the rest of the regionals? We look at the fallout for the financials post-SVB. Tesla earnings are out after the bell today, and there’s one key metric that Wall Street’s watching. And Nvidia shares have nearly doubled to start the year -- can it keep up the momentum? We speak with one analyst who sees it rallying another 20% from here thanks to AI.
Apr 19, 2023•45 min
Investors are the most pessimistic they’ve been in in over a decade, but one advisor sees opportunities overseas. It’s a tale of two quarters for Bank of America and Goldman Sachs on day 2 of the big bank earnings reports. Plus, a deep dive into the future of AI regulation in America with VC Sam Lessin and a lookahead to Netflix and United reporting results after the bell.
Apr 18, 2023•46 min
Earnings season is off to a surprisingly good start. In fact, too strong says one of our guests. He’s bracing for earnings to drop 30 percent. He tells us why he so concerned, and the one sector he is bullish on right now. Plus, a lack of listings helping homebuilders to a near record share of the housing market. So if they have the edge, can you own them for the long run? We debate. And, Google’s CEO says AI will impact every product and every company. We talk to two CEOs who will have a front ...
Apr 17, 2023•45 min
