Morning Call

With mortgage rates poised to come down from their record highs, the housing sector could see some relief next year. Brown Harris Stevens CEO Bess Freedman explains. Plus, OpenAI is reportedly eyeing a fresh round of funding, valuing the company at or above $100 billion. MSA Capital’s Ben Harburg discusses. And, will this year’s stock winners continue their rally in 2024? GLJ Research’s Gordon Johnson weighs in. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The final week of the holiday shopping season kicks off today with New Year's celebrations right around the corner. R5 Capital's Scott Mushkin lays out his retail wrap-up. Plus, travel conditions over the holiday weekend were relatively strong compared with last year's Southwest meltdown. Falcon Group's David Banmiller explains. And, it's not just tech getting in on the AI craze; manufacturing is also jumping on the bandwagon. Xometry CEO Randy Altschuler discusses. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Nike shares are sinking after missing revenue estimates for the second straight quarter and slashing full-year guidance. Jane Hali & Associates' Jessica Ramirez explains. Plus, it's been a busy week for the tech sector. Laffer Tengler Investments' Nancy Tengler gives her take on the key headlines. And, one part of tech getting a boost from the AI boom is data centers. Equinix CEO Charles Meyers discusses how his business is capitalizing on the trend. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The need for defense and critical infrastructure is becoming increasingly prevalent as the U.S. and its allies face international and domestic security threats. Parsons CEO Carey Smith lays out what her company is seeing. Plus, Nike reports earnings today as the stock far outpaces the broader retail sector. YCG Funds' Brian Yacktman tees up the report. And, what's the playbook for banks in 2024? KBW's Christopher McGratty gives his top stock picks. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

FedEx shares are under pressure after the company lowered full-year revenue guidance. BofA Securities' Ken Hoexter explains. Plus, the U.S. and its allies are reportedly considering a strategy shift around attacks in the Red Sea. FreightWaves CEO Craig Fuller discusses the outlook. And, are the markets poised for a Santa Claus rally? 2/13 Strategic Partners' Greg Sarian and Yardeni Research's Ed Yardeni weigh in. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Global shipping giant Maersk is re-routing all ships heading for the Red Sea due to the "highly escalated security situation." Edge Worldwide Logistics CEO Philip Edge discusses the impact on his company. Plus, FedEx reports earnings after the close today. NorthStar Asset Management's Nimrit Kang tees up the results. And, what's the outlook for travel stocks in 2024? Raymond James' William Crow weighs in. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

A big part of the market narrative continues to be mega-cap tech, but will the sector rally in 2024? Cleo Capital's Sarah Kunst weighs in. Plus, a number of hotspots around the world have the potential to extend into the new year. Fordham Global Foresight's Tina Fordham explains. And, we are just one month away from the kickoff of the first primary contest for the presidential election. American Enterprise Institute's James Pethokoukis discusses. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

A market leadership reversal could be underway with the utilities sector outpeforming this week and communication services lagging. Mizuho's Anthony Crowdell and The Benchmark Company's Matthew Harrigan lay out what's ahead. Plus, Mastercard is out with its latest SpendingPulse report showing a 7.5% increase in online sales during November. Mastercard's Steve Sadove explains. And, markets are on track to close out a seventh straight week of gains. Silvercrest Asset Management's Robert Teeter, 248 Ventures' Lindsey Bell, and Pivotal Advisors' Tiffany McGhee discuss. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We're less than two weeks away from Christmas and the end of what's set to be a record holiday shopping season. Amazon's Adam Baker describes what he's seeing on the ground. Plus, the Federal Reserve is sending signals around what could be the start of a central bank pivot. Wall Street Journal's Nick Timiraos explains. And, shares of Adobe are under pressure on a lighter-than-expected forecast. Oppenheimer's Brian Schwartz discusses the report. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The latest Federal Reserve monetary policy decision is out this afternoon. Morgan Stanley's Seth Carpenter gives his expectations. Plus, oil prices are falling again after dropping to six-month lows yesterday. Bank of America's Francisco Blanch explains. And, what signals is the freight industry sending about the broader economy? RXO CEO Drew Wilkerson weighs in. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.