Morning Call

Wall Street is fighting for gains ahead of the final full trading week of the year, packed with earnings and economic data that could shape how stocks end 2025. Plus, a key theme in the final stretch: a rotation out of tech and into old-guard sectors like transports and financials. And later, President Trump narrows his picks for the next Fed chair as prediction market odds surge for one contender. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

“Worldwide Exchange” delivers essential, actionable information and analysis for anyone who wants to be part of the global business conversation. CNBC Anchor Frank Holland takes listeners through top business stories with global significance. Features conversations with key leaders, analysis of business and investor trends, and impact across international markets. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Markets react to the Fed's 25 basis point cut while Oracle's disappointing earnings trigger a tech selloff. Experts discuss the implications of Oracle’s $523 billion backlog and financing concerns, alongside the tech sector's weak performance. The U.S. seizure of a Venezuelan tanker sends oil markets into a spin, and Australia's social media restrictions could reshape youth behavior. Overall, there's a mix of optimism and caution as investors eye upcoming earnings and economic data.

It’s decision day for the Fed. A rate cut is expected, but Powell’s tone will set the outlook. Plus, stocks are muted ahead of the call. And later, Trump ramps up pressure on Powell, even questioning the legality of his appointment. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Investors are on edge ahead of an all-but-certain interest rate cut from the Fed, with futures steady after the market’s first down day in five. Plus, a big bump for Nvidia as the White House greenlights chip sales to China — but is the demand even there? And later, first it was Meta, then X… now Google finds itself in EU regulators’ crosshairs. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Juliana Tatelbaum, a CNBC correspondent based in London, provides early insights into European market trends and sector performance amid investor caution. Ray Dalio, founder of Bridgewater Associates, delves into the risks of market bubbles across asset classes, highlighting the stresses in private equity. He shares his perspective on the potential future trajectory of the markets. The discussion also touches on the implications of current economic policies and anticipated earnings growth.

Wall Street aims to close out a winning week as big banks turn bullish. Plus, the delayed September PCE report — the final inflation check before the Fed decides. And later, Warner Bros. eyes a suitor, and Meta benefits from a shift in spending. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Caron, Chief Investment Officer at Morgan Stanley, shares insights on Fed policies and labor-market trends. Scott Mushkin, CEO of R5 Capital, dives into consumer behavior and retail earnings with a cautious outlook for 2026. Lee Baker, president of Clara's Financial Advisors, discusses investment opportunities linked to data centers and AI infrastructure. They all weigh in on NVIDIA's strategic push to access China's AI market and the implications of current vaccine policies.

Wall Street shakes off its holiday hangover as risk-on appetite returns. Plus, American Eagle jumps on earnings, fueling optimism in retail. And later, all eyes on Salesforce results — with one key number that could set the tone for Big Tech in 2025. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

A crypto crisis is spilling into Wall Street, pressuring risk sentiment as futures dip after a five-day win streak. Plus, an Apple Intelligence shake-up as the iPhone maker hires a Microsoft–Google veteran to energize its A.I. efforts. And later, the new rate risk hitting stocks and the central bank driving the move. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.