Seth Carpenter, Morgan Stanley's chief global economist and former Federal Reserve staffer, shares his insights on the current economic landscape. He dives into the recent plummet of the Consumer Confidence Index and discusses the impact of rising inflation, particularly driven by soaring egg prices. Carpenter elaborates on the disconnect between consumer sentiment and spending, while addressing how immigration policies affect labor supply and inflation rates. He cautions about the future of inflation and the critical economic conversations ahead.

Dive into the surprising drop in 10-year Treasury yields and the complexities of Trump's tariff policies. Explore how upcoming job reports could reflect changes in unemployment rates and the potential market impacts. The discussion also reveals uncertainties surrounding new tariffs on Canada, Mexico, and China, focusing on their effects on consumer prices. Consider the broader economic implications for businesses, agriculture, and technology, as experts assess the long-term effectiveness of tariffs in reshoring jobs and managing inflation.

Chris Hansen, founder and portfolio manager of Valiant Capital Management, shares his expertise on the intersection of AI and the power industry. He discusses how AI’s growth is driving demand for electricity, particularly from power companies supporting data centers. Hansen also highlights investment opportunities within the energy sector, specifically focusing on nuclear power and its role in meeting the energy needs of tech giants. The conversation reveals how hedge funds are navigating the energy landscape amid increasing technological and regulatory challenges.

Dana Telsey, CEO of Telsey Advisory Group, shares her insights on Walmart's impressive stock surge, drawing parallels to big tech trends. She discusses Walmart's successful strategies, including its appeal to higher-end customers and innovative products like the viral 'Wirkin' bag. The conversation also delves into the shifting landscape of luxury retail, exploring major players like LVMH and Chanel, and highlights differing approaches between Walmart and Target as they navigate evolving consumer preferences.

Jon Weil, a savvy columnist from WSJ's Heard on the Street, delves into the intriguing case of MicroStrategy, previously known as Strategy. He discusses the company's shift from software to a Bitcoin powerhouse, examining the fervent debate over its high stock valuation and aggressive Bitcoin purchases. Weil highlights the psychological aspects of investor behavior and market volatility, questioning whether MicroStrategy's hot status warrants its premium price. Tune in for insights on the intertwining fates of crypto and traditional finance!

Chris Marangi, co-chief investment officer of Gabelli Funds, dives into the booming world of sports investing. He discusses the soaring valuations of franchises like the Philadelphia Eagles and Knicks, emphasizing the impact of media deals and sports betting apps like DraftKings. Chris highlights the role of private equity in the NFL and the trend of institutional investments, while examining the challenges gambling poses to sports integrity. It's a lively exploration of how these dynamics are reshaping the sports landscape and attracting younger investors.

Sonal Desai, Chief Investment Officer at Franklin Templeton Fixed Income, joins the discussion on the future of interest rates. She shares her insights on whether the Federal Reserve is done cutting rates and what indicators she'll monitor in upcoming speeches. The conversation also dives into the bond market dynamics and the implications of tariffs on investor behavior. With a keen eye on economic forecasts, Desai illuminates the challenges and opportunities facing investors in this uncertain landscape.

Meg Tahyar, head of the Financial Institutions Group at Davis Polk, shares her expertise on upcoming banking regulations in a potential second Trump administration. She discusses how these changes may differ from his first term, impacting banks and cryptocurrency. The conversation highlights the regulatory landscape's influence on market dynamics, and the ongoing tension between traditional banking practices and emerging fintech. Expect insights on both opportunities and challenges for financial institutions in a changing economic environment.

Peter Orszag, CEO of Lazard and former director of the Office of Management and Budget under Obama, engages in a fascinating discussion about the future of M&A dealmaking, expected to surge by 2025. He shares insights on how potential tariffs and a second Trump administration could reshape the financial landscape. The conversation also highlights an innovative advisory council led by Elon Musk and Vivek Ramaswamy, aimed at enhancing government efficiency. Plus, the hosts dive into rising bond yields and significant trends in the media and banking sectors.

Join Aaron Back, deputy editor at WSJ's Heard on the Street, as he breaks down the tumultuous stock market landscape of 2024. He discusses the stunning rise of companies like Nvidia and Palantir, alongside the struggles of Walgreens and Moderna. The conversation transitions to what these trends mean for investors in 2025, including insights into the undervalued healthcare sector and the emerging influence of nuclear power in tech. Additionally, Aaron highlights the growing trends in sports gambling and European market recovery, setting the stage for strategic investment planning.