Nuveen's Brian Nick: Think about where you get income from your portfolio

Nuveen chief investment strategist Brian Nick said he expects the Federal Reserve to cut rates three times, but said the third cut 'won't be necessary,' and is more like 'mid-cycle insurance' to keep the economy humming along. Still, while he sees no threat of imminent recession, Nick suggested that investors get defensive, worry more about their asset allocation than about tactically deploying money, and spend the next few years thinking about how to squeeze income -- rather than total return -- from their portfolio. Also on the show, Collective Wisdom from HighTower Advisors centers around the use of technology in advisory relationships, Chuck talks about how to overcome the financial hoarding tendencies of the 'greatest generation,' and Adam Levin of CyberScout talks about how Amazon Prime days were prime days for scammers, and how consumers should protect themselves from similar frauds.