Morning Call

U.S. lawmakers are kicking off two days of hearings on Capitol Hill today to investigate the collapses of Silicon Valley Bank and Signature Bank. Former Deputy Treasury Secretary Sarah Bloom Raskin weighs in on what to expect. Plus, BlackRock says markets are wrong about the Federal Reserve's rate hiking campaign as the central bank remains firm in its fight against inflation. Horizon Investments' Zachary Hill gives his take. And, DoubleLine Capital CEO Jeffrey Gundlach says a recession is imminent as turmoil in the banking sector rolls on. Payne Capital Management's Courtney Garcia discusses what she's seeing. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

First Citizens Bank will buy a large chunk of Silicon Valley Bank as concern over the global banking crisis continues to weigh on Wall Street. Rathbone Investment Management's Ed Smith and JMP Securities' Devin Ryan explain the outlook. Plus, the tech sector has been among the major winners so far this year, with the Nasdaq up 13%. Sanlam Investments' Hannah Gooch-Peters discusses the recent performance. And, investors are gearing up for the latest read on PCE, the Fed's preferred gauge of inflation. Palumbo Wealth Management's Phil Palumbo and Rose Advisors at Hightower's Patrick Fruzzetti break down what this means for the markets. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Oil prices are falling today following yesterday's losses and amid continued selling in the equity markets. RBC Capital Markets' Helima Croft explains the latest moves. Plus, ahead of the spring housing market, what are the best stocks in the sector to buy? UBS' John Lovallo gives his picks. And, investors are facing yet another bumpy ride for the markets this week, with fresh comments from Janet Yellen on the banking crisis injecting new volatility. Investopedia's Caleb Silver discusses what he's seeing among retail investors. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Fed is projecting just one more interest rate increase this year, but Jay Powell says recent failures in the banking sector could cause ripple effects. The New York Times' Jeanna Smialek explains the road ahead. Plus, the CEO of TikTok is heading to Capitol Hill today, where he'll face a grilling over user safety and data security. Vox's Sara Morrison discusses what to expect. And, what is the current state of the housing market ahead of the spring selling season? Beazer Homes CEO Allan Merrill 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 Fed is preparing to release its latest policy decision today, with a majority of interest rate traders betting on a quarter point hike despite the ongoing turmoil in the financial sector. NatWest Markets' Michelle Girard explains her expectations. Plus, lumber prices are well off peak-pandemic territory, but with housing supply short of demand, could we be in store for some more price pain? Sherwood Lumber CEO Kyle Little weighs in. And, top of mind for Wall Street is the Fed's balancing act between its fight against inflation and its response to the global banking crisis. The Glenview Trust Company's Bill Stone and CIC Wealth's Malcolm Ethridge discuss the impact on the markets.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Federal Reserve kicks off its two-day policy meeting today, with a decision due out at 2:00 PM ET tomorrow. RBC Capital Markets’ Tom Porcelli lays out what to expect. Plus, housing affordability is an especially critical factor now given the ongoing wild ride in mortgage rates amid the Fed’s rate hiking campaign and fresh stresses in the global banking system. Freedom Mortgage CEO Stanley Middleman breaks down the spring housing market. And, new research shows there were record flows in money market funds last week as investors look for a safe haven from market volatility. Principal Asset Management’s Seema Shah and Matrix Asset Advisors’ David Katz give their investing theses. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

UBS says it will buy embattled investment bank Credit Suisse for more than $3 billion and assume more than $5 billion in losses. Financial Times’ Arash Massoudi explains the latest. Plus, regulators are looking to shore up investor confidence in regional banks across the United States. Argus Research’s Stephen Biggar and Piper Sandler’s Stephen Scouten discuss the latest developments. And, ahead of what has historically been the busiest time for housing, what does the demand picture look like? Housing Wire’s Logan Mohtashami weighs in. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

It's been a wild week for Wall Street, with attention front and center on the global banking crisis. Vanity Fair's Bethany McLean explains how we got where we are today. Plus, mega-cap tech is outperforming the broader markets, as AMD, Meta, and Alphabet lead with strong gains. Hargreaves Lansdown's Sophie-Lund Yates looks for opportunity in the sector. And, a new report from Just Capital shows sizable progress in corporations pulling back the curtain on the diversity of their workforces. Just Capital's Alison Omens breaks down the key takeaways. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

First Republic Bank is weighing options to shore up liquidity as more regional banks feel the pressures of the SVB collapse. Old National Bank CEO Jim Ryan explains how his team is moving forward. Plus, FedEx is out with earnings today after the bell, with cost-cutting a key focus for investors. BofA Securities' Ken Hoexter discusses what to expect. And, the crisis at Credit Suisse is adding to volatility in the broader markets. Howard Capital Management's Vance Howard and RBC Capital Markets' Amy Wu Silverman weigh in on the situation. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The DOJ and SEC have opened separate investigations into Silicon Valley Bank's downfall, with the probe looking into whether SVB executives sold any stock prior to the collapse. Former SEC Counsel Member Jacob Frenkel and Former Assistant Treasury Secretary Chris Campbell explain the situation. Plus, famed investor Carl Icahn says he isn't liking some of the prices in tech stocks. Arete Research's Richard Kramer gives his thoughts. And, the crypto market has been on a tear this week as Bitcoin surges to a 9-month high. Kaiko's Clara Medalie weighs in on the sector's outlook. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.