Opening Bid Unfiltered

And just like that, stocks are in a good mood again, even as the Trump trade war very much rages on and earnings from Apple (AAPL), Microsoft (MSFT), and Meta (META) could be mixed at best. The S&P 500 (^GSPC) has now notched its best six-day run since March 2022, posting a 7.81% gain. Interestingly, the latest gain means the index is now out of technical correction territory yet again. It now stands just 9.49% beneath its record high in mid-February and 1.94% below pre-"Liberation Day" levels. Investors appear to be overlooking a lot of evidence that the global economy is increasingly struggling. New data out of China on Wednesday suggests exports out of China have plunged. Demand for things like Coca-Cola (KO) soda and Tide detergent is getting worse, CEOs tell Yahoo Finance. Starbucks' (SBUX) latest earnings results show a brand dealing with economic pressures in its key US market. So how should investors play the confusing backdrop? Yahoo Finance executive editor Brian Sozzi talks to Ritholtz Wealth Management chief market strategist Callie Cox. Cox serves up doses of sharp perspective on the markets and explains the best possible game-plan for investors. 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 http://finance.yahoo.com/videos/series/opening-bid/. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Langston Sessoms Learn more about your ad choices. Visit megaphone.fm/adchoices

There are many days to celebrate various things nowadays, from the invention of the hot dog to pets. You can add one more to the list that is near and dear to the Yahoo Finance team: National Investing Day. Charles Schwab (SCHW) coined the term for May 1, which coincides with the 50th anniversary of the SEC eliminating fixed commission rates. This event marked a significant catalyst for the investing industry as it democratized trading for retail investors. Yahoo Finance Executive Editor Brian Sozzi welcomes Charles Schwab CEO Rick Wurster to the Opening Bid mic. Wurster assumed the role of CEO in January of this year after several years of advancement within the brokerage. Like his predecessor, Wurster has developed a close relationship with investing pioneer Chuck Schwab. Wurster shares why it’s important for more people to become informed about investing and what he has learned from Schwab. He also shares his latest insights on the broader stock market following a volatile April that initially undermined investor confidence but then left them hopeful as the Trump administration slightly eased tariff rhetoric. 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 http://finance.yahoo.com/videos/series/opening-bid/. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Langston Sessoms Learn more about your ad choices. Visit megaphone.fm/adchoices

The bond market has been enduring its fair share of unknowns post President Trump’s Liberation Day. Some pros say the bond market is in a mini-crisis, while others aren’t willing to go that far yet. What happens in the bond market is important as it’s the lifeblood for how consumers buy and save – among other financial system considerations. Yahoo Finance Executive Editor Brian Sozzi chats with Doubleline Deputy CIO Jeff Sherman to see how his teams have been navigating the heightened bond market volatility of the past month. Interestingly, Sherman reveals Doubleline has been fairly measured during the bout of uncertainty in markets at the hands of the Trump administration’s trade war. But that doesn’t mean Doubleline isn’t taking some actions with an eye toward helping clients profit. Sherman warns that the bond market convulsions may not be done, as the Trump administration continues its trade war and looks to pass a new tax plan by July 4. 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 http://finance.yahoo.com/videos/series/opening-bid/. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Langston Sessoms Learn more about your ad choices. Visit megaphone.fm/adchoices

Much to the surprise of many investing pros, the market is back in rally mode. While the Trump administration is showing a touch more openness to back off some tariffs, the situation remains highly uncertain. Tariffs continue to be in place, too. Should investors be buying into the renewed strength in stocks? Yahoo Finance Executive Editor Brian Sozzi chats on the Opening Bid podcast with former Bridgewater Associates chief investment officer Rebecca Patterson. Patterson has sat in one of the most pressure-packed seats in investing during periods of extreme stress, as is currently the case. The two explore her investing playbook for volatile times and discuss what strategies could work and why. 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 http://finance.yahoo.com/videos/series/opening-bid/. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Langston Sessoms Learn more about your ad choices. Visit megaphone.fm/adchoices

One of the biggest debates in the business world right now is how major manufacturers will respond to fresh tariffs from the Trump administration. If you’re Apple (AAPL) CEO Tim Cook, can you uproot decades of supply chain work in China and build iPhone manufacturing sites in the US to beat tariffs? Or does it make more sense to absorb the Trump tariffs on China while also passing some of the pain on to consumers? Apple isn’t alone in this dilemma—automakers such as General Motors (GM) and Ford (FORD) have large plants in Mexico and Canada, also targeted by the Trump administration’s tariffs. Yahoo Finance Executive Editor Brian Sozzi speaks at length with former Siemens (SIEGY) and Alcoa (AA) CEO Klaus Kleinfeld. Kleinfeld—author of the new book Leading to Thrive—is no stranger to interacting with policymakers and world leaders. He was still CEO of Alcoa in 2017 when he was among the executives summoned to the White House to meet with then-first-time President Trump. He also joined other CEOs in exiting Trump’s special councils. Kleinfeld weighs in on the industrial and economic impact of Trump’s tariff actions, warning they will prove far from just a US headwind.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 http://finance.yahoo.com/videos/series/opening-bid/.Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Langston Sessoms Learn more about your ad choices. Visit megaphone.fm/adchoices

The fight for restaurant relevance. Within the past year, the sit-down dining industry has seen its fair share of troubles. Hooters filed for bankruptcy earlier this year. Red Lobster managed to emerge from bankruptcy in September 2024. At the heart of the bankruptcies were changing demographics, shifts in how people work and poor decisions on food quality and experience. No sit-down restaurant encompasses this more than TGI Fridays. The company filed for bankruptcy in November 2024 following years of missteps. The company closed dozens of locations as part of the bankruptcy process. What has emerged is a much smaller franchisee led chain that is hoping to find some form of relevance again after a storied history with cocktails and potato skins. Yahoo Finance executive editor Brian Sozzi sits down on the Opening Bid podcast with the person responsible for that turnaround, TGI Fridays CEO Ray Blanchette. Blanchette started as a manager trainee in 1989, rising the ranks to hold the CEO role for six years. Blanchette left in 2023. Can he save TGI Fridays? The clock is ticking.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 http://finance.yahoo.com/videos/series/opening-bid/.Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Langston Sessoms Learn more about your ad choices. Visit megaphone.fm/adchoices

There isn’t much Pat Gelsinger hasn’t done in the tech industry. He created cutting edge technology decades ago at Intel (INTC). Then went off to VMWare to reinvest the tech player. He then returned to Intel several years ago to revive the chip giant. But Gelsinger’s tenure at Intel was rocking as the company fell behind rivals like Nvidia (NVDA) and AMD (AMD)with AI chips. The company also made a big decision to start making its own chips, which came at a material cost to the bottom line. With results and the stock price under pressure, Gelsinger and Intel parted ways in December 2024. Yahoo Finance executive editor Brian Sozzi talks with Gelsinger now that he has had some to reflect on his Intel tenure. Gelsinger has emerged as an investor in startups, taking his experience at Intel and seeking to help the next generation of tech leaders. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market’s tariff-driven convulsions have upended the financial security of many seeking to build their wealth. That includes everyone from those nearing retirement to those in retirement to the wealthy. In effect, investors feel trapped amid the daily market-moving headlines. Financial advisers are also being tested to a degree not seen in years. Popular investing ideas such as Nvidia (NVDA) and Apple (AAPL) have come under pressure on tariff fears. The bond market is sending worrying signals on the economy. Yahoo Finance Executive Editor Brian Sozzi talks with the co-heads of Bank of America’s Merrill Wealth Management unit Lindsay Hans and Eric Schimpf. They are on the frontlines of the big changes in wealth happening right now. The pair shares what they are hearing from clients and their financial advisers, and what strategies are being employed to ride out the uncertainty.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 http://finance.yahoo.com/videos/series/opening-bid/.Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Langston Sessoms Learn more about your ad choices. Visit megaphone.fm/adchoices

So much for the mini relief rally in one of the world’s most popular stocks. Shares of Nvidia fell as much as 5% in early trading on Wednesday as the company said it would take a $5.5 billion charge as the Trump administration barred it from selling its H20 AI chip in China. The news comes a day after Nvidia tossed the Trump administration a big bone in committing to spend $500 billion over four years to manufacture AI supercomputers in the US. Nvidia’s whopping charge and the subsequent negative reaction in the stock should remind investors of at least two things. One, the US and China remain far apart in a trade deal – and in the meantime, escalations along the lines of the Nvidia chip news should be expected. US Treasury Secretary Scott Bessent suggested a deal with China hasn't yet taken form in an exclusive interview with Yahoo Finance on Tuesday. Talks between the two haven’t commenced, Bessent suggested. And two as it pertains to Nvidia, in this environment investors should assume bad news isn’t baked into the stock price. The fact Nvidia’s stock price is being hit on news pros say had been expected says a lot about ongoing market uncertainty amid the trade war.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 http://finance.yahoo.com/videos/series/opening-bid/.Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Langston Sessoms Learn more about your ad choices. Visit megaphone.fm/adchoices

While a lot of attention has been focused on the volatile stock market, investing pros say it’s time to shift more focus to the bond market. Indeed the market is undergoing its own major convulsions amid Trump tariff concerns, which is rattling many investors around the world. Of note is that as stock prices have sold off, bond prices have sold off too. That despite Treasurys often being viewed as a place of safety during stock market turbulence. The moves in the bond market are sending signals that the US may have trouble paying its future debts and could fall into a recession soon. Yahoo Finance Executive Editor Brian Sozzi sits down with bond market expert and founder of The Bear Traps Report Lawrence McDonald to get his thoughts on the high-stakes situation. McDonald says a Lehman Brothers-like moment may be coming to markets. He adds there are other ways to invest in Nvidia (NVDA) besides investing in Nvidia, suggesting metals stocks or the hard assets themselves. Learn more about your ad choices. Visit megaphone.fm/adchoices