Opening Bid Unfiltered

"You have to stick to your guns a little bit" says Drew Pettit, Citi Director of US Equity Strategy when asked about investor euphoria, market bubbles and AI general: the latter remains one of its top themes.Speaking with Brian Sozzi on Yahoo Finance's Opening Bid, Pettit gets into the weeds on the AI trade saying "structurally we like AI, we think it's a game changer" adding "I don't think people on the buy side know what these companies are gonna look like in 5 years".On blockbuster companies like Nvidia, Sozzi asks Drew if some form of bubble has already burst. For example, what happens if Nvidia blows everyone away with upcoming results and the stock DOESN'T react yet again?"These types of companies need to beat and raise" he says.Look for all this, as well as Drew Pettit's take on the 2024 election cycle, and what he sees as the canary in the coal mine. "No one wants to address deficits" he says candidly.Opening Bid brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens.Find this episode's transcripts and more episodes of Opening Bid at https://finance.yahoo.com/videos/series/opening-bid/.Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.00:00-Welcome Drew Pettit00:30-Let's talk euphoria, bubbles and AI stocks01:06-Simple warning signs03:05-Don't be over-concentrated05:20-Has some kind of bubble burst?07:10-Constructive on fundamentals of Mag7 and AI winners08:20-Fake AI plays12:30-Nvidia and why "beat and raise" matter15:30-Taxes and tariffs16:40-No one wants to address benefits19:00-Recession fear: back on? Learn more about your ad choices. Visit megaphone.fm/adchoices

Warren Buffett has another milestone birthday coming up – 94 years young. The birthday will inevitably have investors wondering how much longer the billionaire investor will stay atop Berkshire Hathaway as CEO. And when Buffett does step aside, what does Berkshire look like with successor Greg Abel at the top? Will it still be the great company as it has been for eons under Buffett and long-time friend Charlie Munger? Yahoo Finance Executive Editor Brian Sozzi has an in-depth chat with legendary business journalist Allan Sloan, who also happens to be a Berkshire shareholder. The 7-time Gerald Loeb award winner takes listeners inside his decades of covering big stories, Trump, Warren Buffett and what the next generation of business journalists should be doing to find success.Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens.Find this episode's transcripts and more episodes of Opening Bid at https://finance.yahoo.com/videos/series/opening-bid/.Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.00:00-Allan Sloan joins Opening Bid01:00-Sloan is invested in Berkshire Hathaway. Should you? Shouldn't you?14:00-Trump the bully17:30-What's the next business story?21:00-Advice for young journalistsYahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Alexander Frangeskides and Rachael Lewis-Krisky.Allan Sloan is an award-winning business journalist, formerly a ProPublica editor at large, formerly a senior editor at large at Fortune magazine and a Washington Post columnist, with a 60 year long career in journalism. Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s a fascinating time in the markets to say the very least. Despite what looks to be a heated presidential contest between former President Donald Trump and Vice President Kamala Harris, stocks continue to trade near record highs. Popular stocks such as Nvidia continue to rock, ditto other important names such as Apple and Amazon. Small-cap stocks have also been on a tear as investors position for a potential interest rate cut by the Federal Reserve later this year. But are we near peak excitement for stocks as numerous risks mount? Yahoo Finance Executive Editor Brian Sozzi goes one on one with one of Wall Street’s most influential strategists, Morgan Stanley chief investment officer Mike Wilson. Wilson hasn’t shied away from making bold calls throughout his career, predicting the 2022 market pullback and countless other key turning points for stocks. Recently, Wilson told the investing world a sharp pullback in stocks could be coming as nervousness grows around the presidential election. Sozzi and Wilson decode that big call, and dive deep into the best way to play the market this summer and into the fall.Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens.Find this episode's transcripts and more episodes of Opening Bid at https://finance.yahoo.com/videos/series/opening-bid/.Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.00:00-Mike Wilson joins Opening Bid04:40-Election cycle is less important than business cycle07:00-Evaluating Fed cuts13:00-What a 'rolling recession' really means19:30-MAG 7 outlook for investorsYahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Alexander Frangeskides and Rachael Lewis-Krisky.Mike Wilson is Morgan Stanley's CIO and Chief US Equity Strategist, with a focus on unique market research and perspectives. Learn more about your ad choices. Visit megaphone.fm/adchoices

So much for another Trump vs. Biden debate! President Biden has stunned the world by announcing he will not seek re-election. In the process, he has tossed his support to his Vice President Kamala Harris. But not everyone in the Democratic party has anointed Harris as the torchbearer, with former President Obama staying on the sidelines with his endorsement. As if presidential election season wasn’t already chaos for investors, so begins a leap into the great unknown in terms of trading and long-term wealth building. Yahoo Finance Executive Editor Brian Sozzi and Washington correspondent Ben Werschul serve up the hot takeaways for investors now that the presidential election landscape has been totally upended.Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens.Find this episode's transcripts and more episodes of Opening Bid at https://finance.yahoo.com/videos/series/opening-bid/.Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.00:00-Ben Werschul joins Opening Bid00:30-All in for Harris01:00-Capitol Gains podcast launches from Yahoo Finance02:00-Trump 2.0 past market impacts vs eyes on Harris' future industry friends04:00-Harris the AI czarYahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Alexander Frangeskides and Rachael Lewis-Krisky.Ben Werschkul is Washington correspondent for Yahoo Finance covering economic policy and the intersection of financial issues and the nation's capital. Learn more about your ad choices. Visit megaphone.fm/adchoices

Yahoo Finance Executive Editor Brian Sozzi has a lively discussion with tastylive Founder & CEO Tom Sosnoff. Sosnoff is viewed by many traders as the Godfather of trading, having co-founded popular platforms Thinkorswim and tastytrade. With decades of trading experience under his belt, Sosnoff shares how one should think through trading a potential volatility boom around the presidential election in November.A sense of calm had come over the markets in recent months amid a view former President Donald Trump would win four more years in the White House. Oil stocks have caught a bid. Bitcoin has taken off. Love him or hate him, markets see Trump as friendlier to markets than current President Joe Biden. But the trading landscape may be poised to change once more as President Biden stunned the world by saying he won’t seek re-election. So what’s a novice or experienced trader to do amidst such election season uncertainty? Is the Trump Trade safe? How do you play a potential President Kamala Harris? Sozzi and Sosnoff dive in!Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens.Find this episode's transcripts and more episodes of Opening Bid at https://finance.yahoo.com/videos/series/opening-bid/.Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.00:00-Tom Sosnoff joins Opening Bid8:00-What investors should be thinking ahead of next Fed meeting12:00-Chic volatility15:00-Will the Trump trade unwind?17:00-Sosnoff: don't play the political game with your investments18:00-Heightened volatility for the next 3 months20:00-Best options playYahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Alexander Frangeskides and Rachael Lewis-Krisky.Tom Sosnoff is an entrepreneur, options trader, co-founder of Thinkorswim, and founder and CEO of tastytrade. Learn more about your ad choices. Visit megaphone.fm/adchoices

Going uncovered in the run-up to the presidential election is the view each candidate has on the hard-charging world of artificial intelligence. The next president will have a major task on their hands with respect to governing the technology and ensuring it doesn’t put US society at risk. On the one hand we have former President Donald Trump, who acknowledges that AI is scary but is seen as more friendlier on the AI regulatory front. As for President Joe Biden, Silicon Valley insiders are fretting that Biden will crack down on AI so much that it impedes the development of startups. Yahoo Finance Executive Editor Brian Sozzi chats with Sizzle AI founder Jerome Pesenti. Pesenti is also the former VP of Meta’s AI business for almost five years. The duo discuss Pesenti’s many years breaking ground in the AI space, what Meta is (and isn’t doing) doing on the AI front and how his new firm is looking to upend the education experience. Pesenti is optimistic on the potential for AI in society, but stops short of saying there won’t be downside risks.Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens.Find this episode's transcripts and more episodes of Opening Bid at https://finance.yahoo.com/videos/series/opening-bid/.Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.00:00-Jerome Pesenti joins Opening Bid02:00-AI is not as new as you think05:00-People are tired of chatbots09:30-Tesla bot is BS18:30-Sizzle AI aims to aid in education; never replace a classroomYahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Alexander Frangeskides and Rachael Lewis-Krisky.Jerome Pesenti is the Founder of Sizzle AI and previously worked at Meta as a VP of AI. Learn more about your ad choices. Visit megaphone.fm/adchoices

Former President Trump was fired up as usual as he addressed the Republican National Convention. From shouting out his famous friends at the event such as Hulk Hogan and Dana White to hinting at the return of trade wars, Trump gave a lot for investors to think about. The chief thing those involved in the markets should be thinking about as the RNC concludes: will Trump 2.0 truly be as friendly to stocks and wealth as is the current consensus. Yahoo Finance Executive Editor Brian Sozzi and Washington correspondent Ben Werschul serve up the hot takeaways for investors from Trump’s big night.Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens.Find this episode's transcripts and more episodes of Opening Bid at https://finance.yahoo.com/videos/series/opening-bid/.Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.00:00-Ben Werschul joins Opening Bid00:30-Trump holds the top 3 records for longest acceptance speeches01:00-Takeaways from Trump's RNC speech03:00-Trump being Trump may not make the market great again05:00-And don't forget Hulk HoganYahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Alexander Frangeskides and Rachael Lewis-Krisky.Ben Werschkul is Washington correspondent for Yahoo Finance covering economic policy and the intersection of financial issues and the nation's capital. Learn more about your ad choices. Visit megaphone.fm/adchoices

Not many details are known about what the economic agenda of a second Trump presidency would look like relative to his first go around. Trump has promised lower taxes on corporations and households. He plans to deport illegal immigrants, which could have an economic impact. And he believes ramping up drilling of energy in the United States will help ease the inflationary burden being felt by many consumers. But those are broad strokes, and investors and business leaders are on the hunt for the finer details. After all, those finer details will prove important to both parties if Trump wins re-election. So we went to a long-time Trump insider to take the veil off a Trump 2.0 economic agenda. Yahoo Finance Executive Editor Brian Sozzi sits down with well-known economist and author Stephen Moore. Moore is a senior visiting fellow in economics at The Heritage Foundation. He is a long-time economic advisor to former President Trump and the author of the book: Trumponomics: Inside the America First Plan to Revive our Economy. The pair go inside what the economic agenda of a second Trump presidency would look like and how investors should prepare.Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens.Find this episode's transcripts and more episodes of Opening Bid at https://finance.yahoo.com/videos/series/opening-bid/.Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.00:00-Brian Sozzi sets the stage on Opening Bid03:49-Stephen Moore live from the Republican National Convention05:28-Trumponomics08:45-Project 2025 plans for the Fed10:00-3 Takeaways from chat with Stephen MooreYahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Alexander Frangeskides and Rachael Lewis-Krisky.Stephen Moore is an American conservative writer and economics, having previously served as an economics adviser to Trump. He is currently a senior visiting fellow in economics at The Heritage Foundation. Learn more about your ad choices. Visit megaphone.fm/adchoices

The United States has been rocked amid an assassination attempt on former President Donald Trump at a Pennsylvania campaign rally. Trump narrowly missed more severe injury thanks to his own swift action and efforts by the Secret Service. The President and his supporters will now turn their attention to the Republican National Convention and then the ultimate prize, winning the White House for four more years come November. Indeed the eye-opening turn of events in the presidential election race have direct implications for investors who up until now, have largely been ignoring the political rhetoric and pushing stocks to fresh highs. However if Trump – who had been leading President Joe Biden in most polls – receives a boost in popularity, talk of a Republican sweep in November will take center stage up and down Wall Street. How would a Republican sweep impact the markets and the economy? Is talk like this too premature and Biden could surprise investors with a win? And in doing so, push through an agenda of higher taxes for the wealthy among other items? Yahoo Finance Executive Editor Brian Sozzi orchestrates an engaging roundtable on the new path forward for investors in the wake of this stunning moment in American history. He is joined by Brian Gardner, Chief Washington Policy Strategist at Stifel, Terry Gardner, C.J. Lawrence Partner & Portfolio Strategist, and Yahoo Finance Washington Correspondent Ben Werschul.Find this episode's transcripts and more episodes of Opening Bid at https://finance.yahoo.com/videos/series/opening-bid/.Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.00:00-Brian Gardner, Terry Gardner, and Ben Werschul join Opening Bid00:40-Why isn't the market reacting after an assassination attempt?03:30-What do investors think of a second Trump presidency?9:25-Should investors prepare for a republican sweep?Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Alexander Frangeskides and Rachael Lewis-Krisky. Learn more about your ad choices. Visit megaphone.fm/adchoices

Many political veterans think President Biden’s chance at a second term are slim to none amid concerns about his age and handling of the country. But these same political veterans are far from enthralled with another White House stint for former President Donald Trump. However the election turns out will have major implications for investors and the wealthy names that play in the markets, such as Tesla billionaire Elon Musk. Unicorn startups also have a lot of a skin in the game come this presidential election. Yahoo Finance Executive Editor Editor Brian Sozzi goes in-depth with Tusk Venture Partners Co-Founder & CEO Bradley Tusk, an early investor in Uber and the former campaign manager for Michael Bloomberg’s 2009 mayoral race. Sozzi and Tusk chat about the likelihood of another Biden presidency, the outlook for the wealth of billionaire Elon Musk if Trump should win and if super hot tech stocks are still a good buy. Whether Musk crushes Uber is also a hot topic.Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens.Find this episode's transcripts and more episodes of Opening Bid at https://finance.yahoo.com/videos/series/opening-bid/.Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.00:00-Bradley Tusk joins Opening Bid4:00-Biden should step down12:00-There have been few successful tech IPOs13:30-"No" to a Trump presidency17:00-Robotaxis!Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Alexander Frangeskides and Rachael Lewis-Krisky.Bradley Tusk is the CEO & Co-Founder Tusk Venture Partners Learn more about your ad choices. Visit megaphone.fm/adchoices