The Exchange

Prime Day Underway, and Game On 7/11/23

Talk of a recession just around the corner has been going on for a long time. One economist says it’s finally time to move on, and he has four indicators that are keeping him steadfastly bullish. Plus, Amazon’s Prime Day is underway, but is the bump to its bottom line overstated? We’ll look at the bull case for the stock. And the Microsoft-Activision deal is moving closer to the finish line. We’ll look at the key developments, and what’s keeping regulators up at night.

Hiking a Huge Mistake, Time to Strike, and Threads vs. Twitter 7/10/23

Our market guest says a July rate hike would be a “huge mistake” by the Fed. He’ll explain why as one CEO warns that the bond market is flashing troubling signs. Plus, a bullish call in one part of the REITs sector. And with Threads crossing 100 million signups, we’ll discuss its ad ambitions as it looks to take on Twitter.

The Exchange 7/7/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.

The Exchange 7/6/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.

The Exchange 7/5/23

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.

From FOMO to GERF, SCOTUS vs. POTUS, and A Tale of Two Housing Markets 6/30/23

Forget FOMO, because “greed eventually replaces fear”, according to our market guest. He’ll tell us where he sees the biggest opportunities. Plus, the Supreme Court is blocking President Biden’s student loan forgiveness plan. We’ll look at the under-the-radar names most at risk. And a tale of two housing markets: The numbers you need to know whether you’re a buyer, seller, or investor.

Craze or Catalyst, Retail Rebranding, and Apocalypse FedNow 6/29/23

The IPO market is definitely opening back up, but is the hype overdone? We look at three names making their public debut. Plus, Overstock.com is buying Bed Bath & Beyond’s intellectual property, and plans to change its name to reflect its big buy. Overstock’s CEO joins us to discuss. And will the Fed’s new payment system help or hurt fintech stocks? Our guest says next month’s launch makes him bearish on every single name in the space.

Bidenomics, Powell’s warning, and IPOs on deck 6/28/23

Pres. Biden delivers a major address on “Bidenomics,” his vision for growing the economy. Plus, Fed Chair Powell says more “restriction” is coming to monetary policy. We’ll look at the implications for the economy. And the IPO drought could finally be coming to an end. Bob Pisani has a preview of the names going public this week.

Kyle Bass’ Next Big Bet, Under-The-Radar AI Plays, and A Big Week for IPOs 6/27/23

Investor Kyle Bass bet big against subprime mortgages ahead of the 2008 financial crisis, and now he’s betting against office space. He joins Kelly to defend his call. Plus, our market guest has two international AI plays for your portfolio, and one of them has matched Nvidia’s gains YTD! And is the IPO freeze starting to thaw? We’ll debate.

Russia’s Game of Thrones, Small Caps’ Big Gains, and Legacy Media Meltdown 6/26/23

Russian President Vladimir Putin faced the biggest threat to his leadership this past weekend, but our guest says the game of thrones around him is just beginning. We’ll look at what’s next and how to position. Here at home, our market guest says the setup for small caps is pointing to a major cycle run. She’ll bring us the names she likes the most in that trade. And Netflix is gaining while legacy media names are waning. We have an all-star panel looking at the trends in the landscape.

The Lazy Bull Market, DeSantis’ Real Estate Ban, and Calm Seas for Cruises 6/23/23

All three major averages set to snap weeks-long winning streaks, but one economist is calling this ‘a lazy bull market.’ A new Florida bill goes into effect on July 1 barring foreign nationals from China and six other countries from buying what the state deems sensitive American land. Real estate investor and developer Don Peebles weighs in…and tells us the states and cities that ban could benefit. Plus, think inflation would be bad for the cruise industry? Think again says Citi. Why cruise line...

Hikes Heard ‘Round the World, Unsurprisingly Horrible, and Shrinking Shrink 6/22/23

Fed Chair Powell repeating there’s a long way to go in the fight against inflation in his Senate testimony today. With the surprise half a point hike from the Bank of England just the latest hawkish move from a global central bank, could the Fed follow suit at its July meeting? The economics are ‘horrible (but unsurprising)’ at Intel, according to one analyst. He tells us what could finally turn the company around. Plus, retailers from Target to Foot Locker saying shrink—or unexpected inventory ...

The Fed’s Inflation Fight Continues, Tesla’s Short-Term Risks, Navigating the Narrow Rally 6/21/23

Fed Chair Jay Powell testifying on the Hill today, and not letting go of the Fed’s 2% inflation target. Former NEC director Larry Lindsey weighs in on what he expects from the July meeting. Barclays downgrading Tesla to equal weight, but hiking their price target. We talk to the analyst behind the call. Plus, one strategist says the mega-cap tech rally is running out of steam, he gives us the smaller names to buy should the market broaden.

Invest Like its 1999? What’s Next for Housing? And Nevermind the Narrow Rally? 6/20/23

A new CNBC economic survey revealing most economists see improving growth this year, so could we avoid a hard landing? Wells Fargo’s Chris Harvey says not so fast, he tells us why he’s breaking out the 1999/2000 playbook. May housing starts surging on the heels of strong homebuilder sentiment. We talk what’s next for the real estate market. Plus, nevermind the mega cap tech stocks, there’s a rotation underway according to Goldman Sachs. We have the names to buy now.

Advertising turns to AI, Post-Pandemic Travel & SMH ETF 6/16/23

From the Desk of Kelly Evans: This is a pretty odd time for a "melt-up" 06/16/23

Kelly explains how markets are bucking conventional wisdom here.

Cava’s Market Debut, CRE Lending Opportunities, and The Black Swan 6/15/23

Shares of Mediterranean chain restaurant Cava soaring in their market debut, but will it be enough to inspire others to go public? The CEO of one of the largest non-bank lenders in the US joins us with the opportunities he’s seeing in commercial real estate and why this could be one of the best years in his 20+ year-long career. Plus, “Black Swan author” Nassim Nicholas Taleb warns the current macro environment resembles that of 2007/2008.

The Exchange: Fed Edition 6/14/23

Kelly’s Power Lunch co-host Tyler Mathisen joins for a special Fed Decision edition of The Exchange, covering the intersection of politics, policy, and your money. Congressman Brad Sherman (D-California) weighs in on bank regulation, while Senator Bill Hagerty (R-Tennessee) stresses the importance of Secretary of State Blinken’s trip to China. Plus, Dan Clifton of Strategas’ on the what could turn around market leadership and why the Fed could be pressured to end tightening early.

Brian Moynihan on the Record, The Cardboard Box Recession, and Billionaires’ Row 6/12/23

Bank of America CEO Brian Moynihan weighs in on the state of the economy, what the Fed should do next, and the strength of his bank’s balance sheet. We look at the cardboard box indicator and what that tells us about the chances of a global recession, and what could keep one at bay. Plus, we take a deep dive into the super high-end real estate market in NYC and who’s managed to get it right.

The Bear Market is Over, Where to Invest in China Now, eVTOL Sector Poised for Lift-Off? 6/9/23

We’re officially out of the bear market with the S&P up 20% from the lows, but can the bull run be sustained? China’s economy dampened by deflation and flagging exports, but one fund manager says investors are missing a key opportunity. And Canaccord Genuity initiates coverage on the eVTOL sector; we’ve got the names to ‘buy.’ Plus, Tom McClellan sees a bottom in oil…depending on your timing.

When Bad News Is Bad News, Credit Card Crackdown, and Smooth Sailing 6/8/23

Initial jobless claims climbed for the third-straight week; does the market believe a recession is on the way. We’ll look at the leading economic indicators and let you decide. Plus, household debt on the rise. We’ll look at the fallout for consumers and one bill on Capitol hill aimed at cracking down on credit card companies. And, Royal Caribbean’s CEO is adamant the cruise operator can maintain pricing power. He’ll tell us why – and how he’s able to avoid passing costs along to customers....

Flights Paused, The Fed's Next Move & AI Travel Booking 6/7/23

The Fed’s Fight Against Inflation, A Crypto Clash, and The Read On Retail 6/6/23

The Fed’s fight against inflation could be winding down, according to our market guest. He’ll tell us why September will confirm the end of the rate hike cycle. Plus, the SEC targeting Binance and Coinbase in back-to-back lawsuits. Will regulators drive business overseas? We’re live in Amsterdam with that angle. And the newly installed CEO of Academy Sports & Outdoors joins Kelly with a look at the retailer’s Q2 results, and why he thinks the 2nd half will see better sales.

Apple WWDC 2023, Fed At A Crossroads, and The Growth Playbook 6/5/23

Apple kicking off its highly anticipated Worldwide Developers Conference with a slew of announcements. We have live coverage in Cupertino, California, and speak with two guests about what today’s news means for the future of the world’s most valuable company. Plus, the Fed finds itself at a crossroads after Friday’s jobs report. Should it hike, pause, or pivot? We’ll debate. And XPRIZE Foundation Executive Chairman Peter Diamandis joins the show with the new playbook and strategies for executive...

The Good & The Bad, AI Holy Grail, Addressing America’s Cancer Drug Shortage 6/2/23

This morning’s jobs report had something for the hawks and the doves. We’ll debate the best move for the Fed and investors’ best move in the market. Plus, our guest says there’s a “holy grail” setup in the AI space. She’ll tell us what it is and how she’s playing it. And the CEO of Bristol-Myers Squibb joins Kelly as the ASCO conference kicks off. How are they helping solve America’s cancer drug shortage? He’ll explain.

Pause in Peril, Discount Retail Trade, and The Great De-Stocking 6/1/23

The economic picture for the Federal Reserve is getting murkier by the day. Will they rely on retail, manufacturing, or labor market data to make their decision this month? Plus, Dollar General on pace for its worst day ever. We’ll tell you what’s driving the declines, and what it suggests about the rest of the retail landscape. And Goldman Sachs head of commodity research says the long-term bull thesis remains intact for commodities. You’ll never guess why he’s so optimistic.

Global Walls of Worry, The Next AI Gainers, and A Rising Rates Play 5/31/23

Stocks falling on concerns of global market risks, but our guest sees big opportunities in one key sector. She’ll tell us where, and what to avoid. Plus, if big tech and semiconductors were the first wave of AI, what’s the next? One analyst says watch the freight space. And with mortgage rates seemingly on a rollercoaster these days, where can investors find safety. We’ll speak with the CEO of one mortgage stock that’s beating the market this year.

Debt Ceiling Deal Risks, Soft Landing Ahead, and Will AI Save Silicon Valley Real Estate? 5/30/23

The Biden Administration and Congressional leadership hashing out a tentative deal to avoid a default, but what about the market risks? UBS’ Evan Brown says liquidity concerns are overblown. Consumer confidence slipped to a six-month low in May, but Moody’s Mark Zandi still says no recession ahead . And Wolfe Research says AI could renew optimism around Silicon Valley real estate, but Slow Ventures’ Sam Lessin says ‘that’s a bridge too far.’

A Debt Deal Potentially Within Reach, Strike One For The Doves, and AI’s Big Week 5/26/23

Wall Street’s getting more optimistic about a debt ceiling deal on Capitol Hill. Should investors buy the optimism? We’ll look at the terms, and some trades that will benefit. Plus, the latest inflation report coming in hotter than expected. Is that strike one for the doves ahead of next month’s Fed meeting? And we’re wrapping up an historic week for AI, tracking the huge moves in names like Nvidia and Marvell, and looking at what could be the next big name to rally.

Debt Ceiling Showdown, Potential Sell Signal for Nvidia, and The DeSantis DeSaster 5/25/23

Fitch delivering a blow to America’s AAA credit rating as debt ceiling talks drag on. We’ll tell you what it means for the market and the economy. Plus, Nvidia is powering the Nasdaq today, but one technician is watching a potential sell signal in the charts. And Florida Governor Ron DeSantis announced his presidential campaign via Twitter Spaces last night, but the event wasn’t without its technical troubles. We’ll debate the potential fallout for Twitter, and the 2024 political landscape....