Opening Bid Unfiltered

Ask most stock pickers on Wall Street and they will likely agree that the financials are some of the best bets for 2025. The Trump administration is likely to ease regulations on capital requirements for the banks, freeing up more funds for dividends and buybacks. Deal-making could return in force amid the de-regulation backdrop, lifting the lucrative investment banking industry. And markets may stay solid, allowing banks to cash in on trading activity across bonds and stocks. Morgan Stanley CEO Ted Pick says he sees a host of tailwinds for the banking giant this year, but acknowledges there could be a few bumps along the way. He talks on the Opening Bid podcast with Yahoo Finance executive editor Brian Sozzi at the World Economic Forum.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.00:00-Ted Pick on Opening Bid00:50-How AI impacts the business of relationships02:00-Secret sauce for making deals06:30-Deregulation and margers under Trump07:45-Investor insights10:00-Let's talk generational wealthYahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Rachael Lewis-Krisky.Ted Pick is Chairman and Chief Executive Officer of Morgan Stanley. Before becoming CEO in January 2024 and Chairman in January 2025, Mr. Pick served as Morgan Stanley’s Co-President, Co-Head of Firm Strategy and Head of the Institutional Securities Group, overseeing Investment Banking, Equities, Fixed Income, Global Capital Markets and Research. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bridgewater Associates founder Ray Dalio has been warning about government debt levels and their implications for years. He is doubling down on his concerns in a new episode of the Opening Bid podcast with Yahoo Finance executive editor Brian Sozzi. Dalio thinks global economic growth is at risk unless leaders such as US President Donald Trump get a handle on bloated debt levels. He chats with Sozzi from the World Economic Forum in Davos, Switzerland.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.00:00-Ray Dalio on Opening Bid00:50-Upcoming book: "How Countries Go Broke"05:50-Trump tax cuts10:30-Insights for investors16:20-Interest rate changes18:45-Crypto and alternative currencies22:40-Leadership lessons from Ray DalioYahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Rachael Lewis-Krisky.Raymond Dalio is an American investor and hedge fund manager who founded Bridgewater Associates in 1975. He has served as the firm's CEO, CIO, and Chairman, and has been credited with shaping the firm's culture and innovative approaches to investing. His new book "How Countries Go Broke: Principles for Navigating the Big Debt Cycle, Where We Are Headed, and What We Should Do" is set to come out in September, 2025. Learn more about your ad choices. Visit megaphone.fm/adchoices

NYU professor and economist Nouriel Roubini is known as “Dr. Doom” for a reason—he has never been tepid in keeping it real on the economy, technology, crypto, and markets. When it comes to AI and humanoid robots, his tune was equally critical as he shares concerns with Yahoo Finance Executive Editor Brian Sozzi on the Opening Bid from the World Economic Forum in Davos, Switzerland. "I think people here at Davos emphasize the benefits in terms of cost-cutting, more revenue, more profitability, but cost-cutting means what? Eliminating jobs."Roubini goes on to explain the way that these technological innovations are impacting politics under a state of massive wealth inequality. "But AI makes it worse because these technologies are capital intensive, high-skill bias, and labor saving. So if you own the machine or the capital that owns the machine, you're going to do well. You'll be rich," he says. "If you're a low-skilled or medium-skilled, white-collar, blue-collar, increasingly your job and income is going to be threatened by AI and there are not going to be enough jobs in the future."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.00:00-Nouriel Roubini on Opening Bid00:50-The threat of AI & robotics on jobs07:00-Tech innovation can also lead to progress09:00-Blue collar to big tech with Trump13:00-Trump economic outlook18:20-Fed and rate hikes21:00-Future of cryptoYahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Rachael Lewis-Krisky.Nouriel Roubini is a senior economic advisor to Hudson Bay Capital and Professor Emeritus at NYU's Stern School of Business. He is also the CEO of Roubini Macro Associates, LLC. From 1998 to 2000, he served as senior economist at the White House Council of Economic Advisers and the senior advisor for international affairs at the U.S. Treasury. Learn more about your ad choices. Visit megaphone.fm/adchoices

The IPO market was mixed at best in 2024 despite strong showings by Reddit (RDDT), Viking (VIK), and Rubrik (RBRK). IPOs raised about $123 billion last year compared to a peak of $594 billion in 2021, according to Dealogic data. A total of 150 companies went public last year, per a Renaissance Capital study. With optimism on the regulatory front from the Trump administration, dealmakers expect the IPO market to kick back into high gear this year.Nasdaq CEO Adena Friedman explained the outlook for IPOs in 2025 is all about growth opportunities, she told Yahoo Finance Executive Editor Brian Sozzi on the Opening Bid podcast from the World Economic Forum. Specifically, with expectant changes to regulation: "I think regulation is another thing that just keeps companies from wanting to tap the public markets because they know that being a public company is a very different existence. Our hope is that in the new administration, they're going to focus on the challenges and what I'll call the tax of being a public company."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.00:00-Adena Friedman on Opening Bid00:46-How the new administration will impact IPOs 01:40-Reflecting on 202405:30-Sectors to watch08:00-President Trump's meme coin10:58-Future of tech and AI15:30-Market guidance16:10-DEI in financeYahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Rachael Lewis-Krisky.Adena Friedman has been the Chief Executive Officer of Nasdaq since Jan. 1, 2017, and was appointed Chair of the Board of Directors on Jan. 1, 2023. Learn more about your ad choices. Visit megaphone.fm/adchoices

Skybridge Capital founder Anthony Scaramucci famously spent a short stint as President Trump’s communication director in his first term. He has since gone on to become a fierce critic of the returning president, which was apparent in a new episode of the Opening Bid podcast with Yahoo Finance executive editor Brian Sozzi. Scaramucci thinks markets are too optimistic on a Trump presidency given the many inevitable twists and turns. From crypto to mass deportation to TikTok he covers is all with Sozzi from the World Economic Forum in Davos, Switzerland.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.00:00-Anthony Scaramucci on Opening Bid00:45-Trump meme coin? WTF02:40-"I'm moving up the enemies list"05:20-Crypto outlook09:15-Billionaires front row at inauguration15:40-Just big talk? What's next for TikTok & China18:30-Wall Street outlook on Trump21:00-HOT TAKEYahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Rachael Lewis-Krisky.Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT. He is best known for his short tenure as the White House Communications Director under President Trump. Learn more about your ad choices. Visit megaphone.fm/adchoices

The venture capital industry has no shortage of ideas right now in the AI space. Companies specializing in everything from mobility to software to chip design are trying to cash in on the AI boom, and VCs are aiming to be there to grow entrepreneurs and drive returns for their investors. Yahoo Finance Yahoo Finance Executive Editor Brian Sozzi chats with one of the more fascinating people in the VC industry Jon McNeill of DVx Ventures. For one, while McNeill is putting to work in AI upstarts, he also has toes in the public company world by sitting on the boards of General Motors (GM) and Lululemon (LULU). What’s more, he has spent the past decade trying to change how people get from point A to point B. He is the former COO of Lyft (LYFT) and also worked very closely with Tesla (TSLA) CEO Elon Musk as president in charge of revenue. What did McNeill learn from the billionaire Musk? How will the future of mobility shake out? And what AI upstarts have caught McNeill's attention? This episode of Opening Bid has a little bit of everything!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.00:00-Jon McNeill on Opening Bid00:48-The state of raising funds in 202504:40-Future of climate investment07:30-Looking at Tesla, as Musk heads to Washington15:20-Insights from the board of Lululemon19:02-Technology out of China21:00-HOT TAKEYahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Rachael Lewis-Krisky.Jon McNeill currently serves as the CEO and Co-Founder of DVx Ventures. Previously, Jon served as President at Tesla, where revenue grew from $2B to $20B in just 30 months. Following Tesla, Jon joined Lyft as COO, where he played a pivotal role in doubling revenues and helping to take the company public. Learn more about your ad choices. Visit megaphone.fm/adchoices

How do you know as an investor that you are witnessing a borderline bubble in a stock? When a company (or companies) that has made no money ever is trading like it makes lots of money today will make even more money in the future. Welcome to the vibe continuing to surround quantum computing stocks such as D-Wave Quantum and Rigetti Computing. Both of these stocks have been on mind-blowing runs the past three months in part because of enthusiasm on AI and a super hyped new quantum chip from Google called Willow. The quantum space has also seen considerable investor interest on the Yahoo Finance platform, with the community consuming everything they could on the companies and the sector. So have investors become too optimistic on quantum computing stocks? Yahoo Finance executive editor Brian Sozzi goes right to the source, talking at length with Rigetti Computing CEO Subodh Kulkarni. Rigetti’s stock has exploded 553% in the past six months, bringing it to an eye-watering $2 billion market cap. Interestingly, Rigetti has never turned a profit and has told investors it won’t be making profits anytime soon. In fact, it may have to raise more capital to fund its ambitions in quantum chips. Sozzi serves up a classic investor guide to one of the market’s hottest stocks out of the gate in 2025.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.00:00-Subodh Kulkarni on Opening Bid00:27-Stocks ups and downs01:49-Investor interest05:11-You're not making money...07:00-In the chip-weeds11:43-Government & regulation in tech16:09-NVIDIA & Meta have it out for quantum21:44-HOT TAKEYahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Rachael Lewis-Krisky.Subodh Kulkarni has served as President and Chief Executive Officer at Rigetti since December 2022. Kulkarni is a seasoned public company CEO with thirty-plus years of experience in the semiconductor industry and a track record of success in scaling and commercializing cutting-edge technologies. Learn more about your ad choices. Visit megaphone.fm/adchoices

One thing has generally held true about the stock market the past two years: it has gone up and to the right. The reasons why are plentiful. For starters, corporate profits continue to impress Wall Street amid solid US economic growth, pricing power and stock buybacks. Two, investors have poured massive money into big-cap tech names such as Nvidia and Alphabet – which has only served to lift sentiment in many corners of the market. And lastly, interest rates have started to finally come down and in turn, drive up returns on investment. But can the feel good vibes persist as returning President Donald Trump aims to shake up the world order with tariffs and deportations, among many controversial ideas floated. Yahoo Finance executive editor Brian Sozzi sits down with BlackRock chief investment and portfolio strategist, Americas Gargi Chaudhuri to get her latest market-moving insights. Chaudhuri thinks markets can continue to grind higher along with the economy, but there will be bumps along the way in part due to unpredictable politics. Some of those bumps are currently being felt as investors grapple with rising yields, percolating energy prices and dialed back rate cut expectations.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.00:00-Gargi Chaudhuri on Opening Bid04:50-Why a little pullback is healthy08:45-What in the world is "GARP"14:00-Nobody's ruling out rate cuts20:30-Where does gold and Bitcoin fit into your portfolio?Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Rachael Lewis-Krisky.Gargi Chaudhuri is Chief Investment and Portfolio Strategist, Americas at BlackRock. Based in New York, she heads the Investment and Portfolio Solutions (IPS) team for the Americas focusing on investment research, portfolio construction and market insights. Learn more about your ad choices. Visit megaphone.fm/adchoices

Can science prevail against this more turbulent backdrop of the Trump administration? Yahoo Finance executive editor Brian Sozzi talks at length with Novartis CEO Vas Narasimhan. Narasimhan has led the drug giant since 2018, doing deals that have expanded the company’s pipeline in areas like heart disease and cancer. Still, Narasimhan is feeling pressure to bring the investments to the bottom line to jumpstart a stock price that has lagged in the past year.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.00:00-Vas Narasimhan on Opening Bid00:37-What's next for Novartis?05:24-Inside the life of a CEO08:46-Healthcare bets for one, five, and ten years13:47-AI's role and impact on healthcare16:51-Looking at rising vaccine distrustYahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Rachael Lewis-Krisky.Vas Narasimhan is the Chief Executive Officer of Novartis, serving in the role since 2018. Learn more about your ad choices. Visit megaphone.fm/adchoices

Surprise surprise, an Nvidia stock price beating right after a closely watched CES keynote from CEO and founder Jensen Huang. Huang sure delivered the sizzle, promising big things in robotics and AI. All of this was reinforced in a Yahoo Finance interview with Huang led by tech editor Dan Howley. Yet, investors left yearning for more – and Nvidia’s stock notched their worst day since Sept. 3 on Jan. 7. Such is the case with Nvidia where expectations of greatness are a constant. Yahoo Finance executive editor Brian Sozzi chats with widely followed tech analyst Dan Ives at Wedbush. Ives was in the room at CES to watch Huang give his keynote and hype new chips and new technology, such as the use synthetic data to train machines. Did Nvidia’s stock deserve to get routed? Do Huang’s comments on delayed quantum computing usage warrant the steep pullback in quantum stocks like Rigetti Computing? Ives offers up his usual no filter views on Nvidia and the wider tech landscape.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 Rachael Lewis-Krisky.Dan Ives is Wedbush Securities Managing Director, Senior Equity Analyst Learn more about your ad choices. Visit megaphone.fm/adchoices