The Exchange

New jobs data revisions painting an uglier labor market picture than previously thought, which could have the Fed on pause. What that means for both the economy and the tech rally ahead of tomorrow’s key jobs report.  But, will lower rates provide a tailwind for tech? Our stock pickers say yes, despite the ongoing outperformance. We have the names to buy now. Plus, the technical tale of two mega cap names—one poised to break out and the other facing steep resistance.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Tech stocks have had a major run this year. But with Loretta Mester echoing James Bullard’s comments in support of more rate hikes, the Nasdaq is underperforming today. So is it time to take profits? We’ll debate. Plus, private payrolls and ISM Services data both came in weaker-than-expected, just ahead of the all-important jobs report.  Is Barry Sternlicht’s “serious recession” prediction close to coming true? We’ll discuss. And, one area of services not seeing prices softening is travel. But one analyst sees signs of slowing demand. He’ll join us to make his case, and provide his key names to watch. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Higher rates. Tighter lending. Huge deposit outflows. Will the Fed need to hike rates much further to fight inflation, or will a potential credit crunch do the trick? We’ll discuss. Plus, sentiment is at record bearish levels, according to Bank of America. But one of our strategists says pessimism is clouding investors’ vision. He’ll explain why he’s putting money to work overseas. And, Apple CEO Tim Cook will meet with lawmakers to talk China, Google is coming for employees’ staplers, and Jamie Dimon says AI is “critical” to JPMorgan’s success. We’ll tackle it all in ‘TechCheck.’ Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Black Knight’s Andy Walden, VP of enterprise research, and CNBC’s Diana Olick, discuss affordability constraints weighing on market demand for housing, the weakening inventory for available homes, and buyers willing to return to the market as mortgage rates fall. CNBC’s Sharon Epperson discusses companies introducing financial literacy assistance programs for their employees, the power of financial literacy, and making financial education more accessible and available. Steven Wieting, chief investment strategist at Citi Global Wealth Management Investments, and Peter Boockvar, CIO at Bleakley Financial Group, discuss market expectations for Fed policy, gauging recession concerns, and dislocations in the market for banks. Mark Mahaney, head of Internet Research at Evercore ISI, discusses the tech trade winners, the strength of companies with regular product offerings, and cloud computing brands undergoing an optimization period. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

A key inflation gauge shows prices are cooling. But are they cooling enough for the Fed to hit the brakes on interest rates? We’ll debate.Plus, Citi apparently isn’t worried about a downturn, giving the U.S. a double-upgrade today. Are U.S. equities the place to be? We’ll ask our strategist.And, we’ll look at big changes happening in Hollywood & the movie landscape, and see who’s best-positioned to benefit moving forward. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Inflation overseas is falling sharply. The Nasdaq is up 20% from its lows. And oil is popping 6% this week. Is the market giving us the “all clear” signal, or not? We’ll debate. Plus, we’ll read the tea leaves in the options market, as trading activity picks up in the VIX and high-yield areas. And, health care is one of the worst-performing sectors so far this year, and our investor says the upside in big pharma is capped. He’ll tell us where else to find safety instead. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly explains why rosy data doesn’t mean we’ve avoided a looming economic downturn. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

It’s Day 2 for bank regulators on Capitol Hill. The biggest revelation so far? $100 billion was about to leave Silicon Valley Bank in a single day.The digital age is changing the game for bank runs, and how to prepare for them. We’ll look at how regulators plan to address that.Plus, our market expert insists the inflation downtrend is about to resume. We’ll ask what makes him so sure, and how he’s positioning as a result.And, investors have been piling into treasurys this year. So has the trade become too crowded? One of our guests says “yes,” and will tell us what he’s buying instead. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Bank regulators are in the crosshairs of lawmakers who want answers on Capitol Hill today. How could Silicon Valley and Signature Bank fail so fast? And could it happen again? We’ll bring you the latest developments, and get reaction from one expert who was a financial regulator during a previous crisis. Plus, Morgan Stanley is hailing Block’s Cash App as the place where Millennials & Gen Z do all of their banking. The analyst behind that call joins us to make his case. And, we’ll explain why the dollar losing its special reserve status would actually be a good thing. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

More bank backstops came to light over the weekend, as U.S. officials reportedly considered expanding an emergency bank lending program.  First Citizens Bank also swooped in to acquire SVB’s branches & deposits. And the flow of deposits out of regionals and into larger institutions has started to slow, too. Goldman’s Chief Political Economist joins us to discuss all of it. Plus, one strategist says he’s seeing strength in one part of the banking sector, along with European stocks and quality U.S. names. He’ll tell us which ones. And, the 2-day hearing on SVB’s collapse kicks off tomorrow. We’ll talk to House Financial Services Committee Member Jim Himes about which moves he’d like to see on the FDIC insurance front. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.