The Exchange

The shutdown may be coming to and end, but its impact will last a while longer. We look at the ripples across the markets, travel, and holiday spending.Why you may want to skip large-caps in favor of smaller names. Plus, our tech watcher says stick with the sector and one name in particular. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The government could reopen as soon as this week, according to one policy strategist. Deutsche Bank sees 20+% upside in MP Materials. Plus, are 50-year mortgages the key to jumpstarting the housing market? Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

OpenAI faces scrutiny as its executives backtrack on controversial comments about government support. The discussion highlights whether the company's business model is fundamentally unsustainable. Travelers are cautioned about flight disruptions tied to a government shutdown. In the home improvement sector, analysts debate which retailers are poised to thrive despite challenges. Insights into holiday retail forecasts provide a glimpse into consumer behavior and spending trends.

Phil LeBeau, an experienced automotive and airline reporter, dives into the rising layoffs that hit a 20-year high in October, exploring the factors behind these job cuts. He discusses Tesla's pivotal shareholder meeting, where a major pay package for Elon Musk is up for vote, alongside FAA flight cuts impacting various airports. Additionally, he touches on potential Supreme Court decisions regarding tariffs and their consequences for the retail sector, highlighting how retailers like Burlington could emerge as beneficiaries.

Eamon Javers, a Senior reporter focused on legal and policy at the Supreme Court, discusses the implications of the unprecedented government shutdown and its potential effects on Q4 GDP. Kate Rogers, a retail and restaurant reporter, examines the struggles of fast-casual chains like Cava, highlighting consumer pullback amid changing trends. Meanwhile, billionaire Barry Sternlicht raises alarms about the impact of new political leadership in New York City, warning of possible real estate and safety issues as businesses reconsider their presence.

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.

Kourtney Gibson, CEO of Retirement Solutions at TIAA, once built Loop Capital and now champions retirement security for Americans. She shares how her early experiences in finance sparked a passion for the field. Kourtney discusses how her startup mindset shaped her leadership style, emphasizing relationship-building and innovation. She also raises awareness about the urgent need to address retirement inequity, especially among Gen Z, and outlines her mission to empower teams and transform TIAA's culture for better accessibility.

In this engaging discussion, David Faber, a seasoned business journalist, breaks down Kimberly-Clark's massive $48.7B acquisition of Kenvue, highlighting the deal's strategic implications and expected synergies. Sima Modi, a reporter at the NYSE, dives into the anticipated earnings for Palantir, discussing its revenue prospects and growth in international markets. The hosts also touch on Amazon's groundbreaking partnership with OpenAI and Microsoft's cloud deals, painting a vivid picture of the current tech landscape.

Mackenzie Cigalos, a tech reporter specializing in big tech earnings and AI trends, teams up with Ron Josie, an internet analyst at Citi, to dive into Amazon's record-high earnings. They discuss the implications of AWS's re-acceleration and the strength of retail amidst changing landscapes. The conversation shifts to pressing societal issues, like the imminent SNAP funding cutoff affecting millions, examining the potential ripple effects on various industries. Tune in for insights on market dynamics, tech advancements, and economic pressures.

Craig Moffett, co-founder and senior analyst at Moffett Nathanson, dives into the implications of recent U.S.-China trade agreements. He analyzes Apple and Amazon's upcoming earnings, focusing on the impact of market sentiment. Moffett shares insights on Apple's valuation risks tied to antitrust issues and service growth. He also discusses how AI is reshaping freight logistics, highlighting XPO's use of technology to boost shipments. The conversation is a deep dive into how these factors are poised to affect the tech landscape.