Steve Leisman

Steve Leisman, a senior economics reporter, breaks down the Federal Reserve's recent quarter-point rate cut and its implications for markets. Tim Seymour, a seasoned trader, engages in a lively debate on whether this move is dovish or hawkish, impacting small caps and overall market sentiment. They also analyze Oracle's disappointing earnings, raising concerns about its capital spending and what's driving its revenue backlog. Together, they navigate the intersection of monetary policy decisions and stock performance in today's volatile market.

Mona Mahajan, Head of Investment Strategy at Edward Jones, shares insights on the macroeconomic outlook, Fed policies, and labor market trends, emphasizing their implications for real estate. Tony Wong, Portfolio Manager at T. Rowe Price, delves into tech earnings and the future of AI investing. Lastly, Steve Leisman, Senior Economics Reporter for CNBC, analyzes dissent within the Fed and its possible effects on the market. Tune in for a dynamic discussion on critical market movers!

Guest Steve Leisman, a senior economics reporter at CNBC, dives into the alarming rise of household debt, which has surged to a staggering $18.6 trillion. He reveals that delinquencies are notably increasing, especially among younger individuals and lower-income groups. The discussion highlights the potential economic risks posed by this high debt level, particularly its impact on consumer spending, a critical driver of U.S. economic growth. Prepare for an insightful look at how rising debt could influence the economy.

Oliver Chen, a senior retail analyst at TD Cowen, dissects retail trends, highlighting ELF's unexpected price disruptions and Tapestry's appeal to Gen Z shoppers. Steve Leisman, a senior economics reporter, shares insights on the Fed's cautious stance following recent labor data, emphasizing the implications of the Challenger layoffs. The conversation dives into whether the current AI unwind signals a larger market shift and how consumer behaviors during the holiday season will be shaped by these trends.

Matt Mishkin, Co-chief investment strategist at Manulife John Hancock, shares insights on AI-driven valuations like Palantir and their implications for market strategies. Craig Fuller, Founder of FreightWaves, explains strains in long-haul freight, comparing them to the Great Financial Crisis, while discussing potential recovery triggers. Steve Leisman, a CNBC economics reporter, interrogates the real reasons behind recent mass layoffs, cautioning against attributing them solely to AI. The conversation dives deep into current economic pressures and consumer trends.