The Exchange

Latest Episodes:

The Exchange: Recession Risk & Tech Trade Winners 4/3/23 Apr 03, 2023

Show notes

Black Knight’s Andy Walden, VP of enterprise research, and CNBC’s Diana Olick, discuss affordability constraints weighing on market demand for housing, the weakening inventory for available homes, and buyers willing to return to the market as mortgage rates fall. CNBC’s Sharon Epperson discusses companies introducing financial literacy assistance programs for their employees, the power of financial literacy, and making financial education more accessible and available. Steven Wieting, chief investment strategist at Citi Global Wealth Management Investments, and Peter Boockvar, CIO at Bleakley Financial Group, discuss market expectations for Fed policy, gauging recession concerns, and dislocations in the market for banks. Mark Mahaney, head of Internet Research at Evercore ISI, discusses the tech trade winners, the strength of companies with regular product offerings, and cloud computing brands undergoing an optimization period. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Fed’s Balancing Act, Wall of Worry, and Box Office Blues 3/31/23 Mar 31, 2023

Show notes

A key inflation gauge shows prices are cooling. But are they cooling enough for the Fed to hit the brakes on interest rates? We’ll debate.

Plus, Citi apparently isn’t worried about a downturn, giving the U.S. a double-upgrade today. Are U.S. equities the place to be? We’ll ask our strategist.

And, we’ll look at big changes happening in Hollywood & the movie landscape, and see who’s best-positioned to benefit moving forward.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Is the Coast Really Clear?, Options Market Tea Leaves, and End of the ‘Safety Trade’? 3/30/23 Mar 30, 2023

Show notes

Inflation overseas is falling sharply. The Nasdaq is up 20% from its lows. And oil is popping 6% this week. Is the market giving us the “all clear” signal, or not? We’ll debate. Plus, we’ll read the tea leaves in the options market, as trading activity picks up in the VIX and high-yield areas. And, health care is one of the worst-performing sectors so far this year, and our investor says the upside in big pharma is capped. He’ll tell us where else to find safety instead.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

From the Desk of Kelly Evans: We are SO not out of the woods 3/30/23 Mar 30, 2023

Show notes

Kelly explains why rosy data doesn’t mean we’ve avoided a looming economic downturn. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Anatomy of a Bank Run, Bigger is Better?, and Stocks vs. Bonds 3/29/23 Mar 29, 2023

Show notes

It’s Day 2 for bank regulators on Capitol Hill. The biggest revelation so far? $100 billion was about to leave Silicon Valley Bank in a single day.

The digital age is changing the game for bank runs, and how to prepare for them. We’ll look at how regulators plan to address that.

Plus, our market expert insists the inflation downtrend is about to resume. We’ll ask what makes him so sure, and how he’s positioning as a result.

And, investors have been piling into treasurys this year. So has the trade become too crowded? One of our guests says “yes,” and will tell us what he’s buying instead.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Bank Regulators on the Hot Seat, A Bank for Gen Z?, and Dethroning King Dollar 3/28/23 Mar 28, 2023

Show notes

Bank regulators are in the crosshairs of lawmakers who want answers on Capitol Hill today. How could Silicon Valley and Signature Bank fail so fast? And could it happen again? We’ll bring you the latest developments, and get reaction from one expert who was a financial regulator during a previous crisis. Plus, Morgan Stanley is hailing Block’s Cash App as the place where Millennials & Gen Z do all of their banking. The analyst behind that call joins us to make his case. And, we’ll explain why the dollar losing its special reserve status would actually be a good thing.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Banks Boost, Short Duration = Big Gains?, and SVB Collapse Hearing On Deck 3/27/23 Mar 27, 2023

Show notes

More bank backstops came to light over the weekend, as U.S. officials reportedly considered expanding an emergency bank lending program. First Citizens Bank also swooped in to acquire SVB’s branches & deposits. And the flow of deposits out of regionals and into larger institutions has started to slow, too. Goldman’s Chief Political Economist joins us to discuss all of it. Plus, one strategist says he’s seeing strength in one part of the banking sector, along with European stocks and quality U.S. names. He’ll tell us which ones. And, the 2-day hearing on SVB’s collapse kicks off tomorrow. We’ll talk to House Financial Services Committee Member Jim Himes about which moves he’d like to see on the FDIC insurance front.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Bank Risks & Ripples: What the Fed Needs to Do and the Impacts on Autos, Clean Energy & Crypto 3/24/23 Mar 24, 2023

Show notes

FT’s Gillian Tett says there won’t be a quick resolution to the current bank woes…and the Fed is not to blame.

The SEC recently warned Coinbase of securities violations, and one VC says he wants to see that fight make it all the way to the high courts.

Plus, as warnings of a credit crunch grow louder, we take a look at the names in the autos and clean energy sectors that can withstand that pain.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Done Raising Rates?, Health of Housing, and TikTok on the Hot Seat 3/23/23 Mar 23, 2023

Show notes

Markets are rebounding on hopes that the Fed could be done raising rates. But would that mean they expect more pain ahead in the banking sector? We’ll discuss.

Plus, no further rate hikes should be good news for home buyers -- right? Not necessarily. We’ll dig into the divergence between yields & mortgage rates.

And, TikTok’s CEO is testifying Capitol Hill, reassuring lawmakers that the app isn’t a national security threat. We have the latest details, and implications for the social media landscape.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Walk Up to the Fed Decision: A Hike, A Pause or a Pivot? 3/22/23 Mar 22, 2023

Show notes

Kelly’s Power Lunch co-host Tyler Mathisen joins us for a special Fed Edition of The Exchange an hour before Powell and company’s rate decision.

Bankrate’s Greg McBride joins us with the real-world impact of the fastest and steepest rate hikes in history and what another increase means for consumers.

House Financial Services member, and former community bank examiner, Rep. Blaine Luetkemeyer makes the case for regulators to temporarily backstop all bank deposits.

Plus, Former Atlanta Fed President Dennis Lockhart tells us what it’s like to be in the room when the Fed Committee meets to hash out a rate decision.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.