The Exchange

If the Fed is expected to do a series of cuts, and the risks to the labor market are to the downside, then why not start with a half-point cut? Former Cleveland Fed President Loretta Mester joins Kelly in-studio to discuss. Plus, one of our guests says markets aren’t moving on rates right now, and joins us with how to position. And Disney is cutting prices as Warner Bros Discovery locks in a new distribution deal. We’ll look at the latest in the streaming wars.

The latest read on inflation is dashing hopes for a half-point rate cut next week, but one of our guests says the size of the first cut doesn’t matter and the time to deploy cash is now. Plus, subprime is the new prime, if you believe the latest commentary from some of the banks. And there’s one group of consumer stocks that may remain stuck in neutral, even in a soft-landing situation. We look at the trades you may want to avoid.

Oracle hitting a record high after an earnings beat and high-profile partnership announcements…how the tech stalwart might’ve just become a new AI darling. Harris and Trump set to square off on the debate stage tonight. We dig into the similarities and differences in the candidates’ policies.  Plus, not just the markets split on whether the Fed will cut by 25 or 50 basis points next week, according to Evercore’s Krishna Guha. He tells us why Jay Powell’s rate decision could come down to the 11th hour.  

We’ve got live updates from Apple’s “Glowtime” event in Cupertino. The tech giant unveiling its latest iPhone model, but will it be enough to convince customers to upgrade? And can Apple play catch-up in the AI race?Plus, Bank of America says not to buy the tech dip, but UBS sees it as an opportunity—the strategists make their cases. 

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

Stocks are lower after the economy showed more signs of a labor slowdown ahead of tomorrow’s jobs report, but our market guest is staying optimistic for a 4th-quarter rally. Plus, US Steel remains under pressure on reports that the Biden administration will block its deal with Nippon Steel. And CNBC is unveiling its Official 2024 NFL Team Valuations today. We’ll tell you which team tops the list and which franchises are falling behind.

Most of the chipmakers are under pressure again today, but one value investor says it’s time to buy and joins us with the names he’s bullish on. Plus, the yield curve is disinverting for the first time since the August sell-off, but a different part of the bond market is flashing a bullish signal for stocks. And Bernstein is naming an unloved off-price retailer as its top pick in the space. The analyst joins us to make her case.

A new batch of economic data is raising fresh concerns about the health of the economy. We’ll look at how to protect your portfolio from a potential September swoon. Plus, Intel is launching its latest AI PC chip, but it may be too little too late to turn things around, according to our market guest. And housing affordability is front and center in this election. We’ll check in with one company that still offers a 2% mortgage even as rates remain stubbornly high.

The soft-landing narrative is getting stronger with the Fed’s preferred inflation gauge coming in as expected. It could be smooth sailing for investors from here, but our market guest has one major concern. Plus, we’ll check in with one company that’s leveraging AI to keep the lights on, literally. And Abercrombie & Fitch is getting some love on Wall Street today, thanks in part to its inroads with Gen Z.

The Dow is hitting a record high on the back of Nvidia’s solid report, so what’s the next catalyst or concern for the market? We’ll debate. Plus, Citi’s analyst double-upgraded Best Buy from a sell rating to buy ahead of its blockbuster report. He’ll join us with where else he’s seeing opportunity in retail. And Tanger is uniquely positioned to monitor foot traffic with its 40 shopping centers across the country. The CEO joins us with the trends they’re seeing.