Morning Call

Big cracks within the cryptocurrency market, from the meltdown of the Terra stablecoin to the collapse of FTX, have pushed some investors to ditch the space outright. TechCrunch’s Jacquelyn Melinek explains the outlook. Plus, demand for housing continues to slow due to rising interest rates and fears of a recession in 2023. Cortland’s Brad Dillman weighs in on the sector. And, stocks are gearing up for the second to last trading of the month and year. Miller Tabak’s Matt Maley, Tiger 21’s Michael Sonnenfedlt, and Horizon Investments’ Scott Ladner break down what to expect. 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 been a rough year for the markets, with the Nasdaq down nearly 34% and mega-cap tech stocks seeing major losses across the board. Evercore ISI's Mark Mahaney breaks down the tech trade. Plus, there's been a lot of optimism among investors over China and the reopening of the world's second largest economy as the government works to scrap its long-held Zero Covid policy. MSA Capital's Ben Harburg discusses the latest. And, it's not just big corporation that have been tightening their belts due to fears of inflation and a potential recession - it's also small businesses. Small Business Roundtable's John Stanford explains the outlook. 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 been a crazy ride for oil prices this year, which spiked in February when Russia invaded Ukraine, and again in June. CIBC Private Wealth's Rebecca Bain dives into the energy complex. Plus, as investors look to the employment landscape for insight on the state of the economy, companies weigh whether to hire or fire in 2023. ZipRecruiter's Julia Pollak breaks down her key predictions for jobs next year. And, what's on the agenda for Congress in the coming weeks? Raymond James' Ed Mills weighs in. Hosted by Simplecast, an AdsWizz company. See https://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. Anchored by Brian Sullivan, the program will prepare CNBC’s worldwide audience with a smart take on overnight U.S. news and live international market action. Hosted by Simplecast, an AdsWizz company. See https://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. Anchored by Brian Sullivan, the program will prepare CNBC’s worldwide audience with a smart take on overnight U.S. news and liveinternational market action. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

FedEx delivered bad news to investors, reporting lower earnings and sales from a year earlier and warning of a continued weaker demand. Bank of America Securities’ Ken Hoexter explains what this means for the company. Plus, stocks are pointing to a higher open as investors gear up for the final trading days of the year. Coastal Bridge Advisors’ Jim Pratt-Heaney dives into his investment thesis. And, what’s the latest for shares of Nike, FedEx, and Tesla? Fairlead Strategies’ Katie Stockton weighs in. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Markets are bracing for another rocky trading session, with recession risks continuing to weigh on investor sentiment. Palumbo Wealth Management’s Phil Palumbo discusses Wall Street’s hopes for a year-end Santa rally. Plus, authorities in China are scrambling to add hospital beds and build screening clinics as a new wave of Covid cases sweeps through the country. The Wall Street Journal’s Jonathan Cheng gives the latest. And, it’s another busy day for traders, with a slew of economic data and earnings reports on deck. Gilman Hill Asset Management’s Jenny Harrington and Oppenheimer Asset Management’s John Stoltzfus weigh in on what to expect. Hosted by Simplecast, an AdsWizz company. See https://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. Anchored by Brian Sullivan, the program will prepare CNBC’s worldwide audience with a smart take on overnight U.S. news and live international market action. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The decline in the tech sector continues with outsized moves in the Nasdaq and Nasdaq 100 bringing everyone from Apple to Microsoft down yesterday. Cleo Capital’s Sarah Kunst gives her outlook for these beaten-down stocks. Plus, treasuries are remaining relatively flat following the Fed’s rate hike decision. TD Securities’ Priya Misra dives into market sentiment for bond investors. And, stock futures are looking to extend yesterday’s sell-off, with all the major averages in the red. Piper Sandler’s Craig Johnson and Crossmark Global Investments weigh in on the trading day ahead. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Shares of Tesla have lost nearly half of their value in just the last 90 days and have closed below $500 billion for the first time in more than two years. Roth Capital's Craig Irwin explains the outlook for the company. Plus, we're just 10 days from Christmas as investors gear up for another read on retail. Oppenheimer & Co.'s Brian Nagel breaks down what to watch. And, China's economy is taking a big hit from its failed Zero-COVID policies. ICBC Standard Bank's Jinny Yan gives her insight. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.