Morning Call

Former President Donald Trump is widely expected to announce his 2024 presidential bid at an event in Mar-a-Lago this evening despite a number of his handpicked candidates losing key races in last week’s midterm elections. American Enterprise Institute’s James Pethokoukis gives his thoughts. Plus, FTX says it’s been in contact with the SEC, the U.S. Attorney’s office, and dozens of federal, state, and international regulators over the past few days. CoinDesk’s Sam Reynolds explains the latest. And, Walmart and Home Depot are kicking off a week of retail earnings. Refinitiv’s Jharonne Martis discusses the state of the consumer. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

President Biden and China's Xi Jinping are holding their first face-to-face meeting since Biden took office back in 2021 ahead of this week's G20 Summit in Bali. Eurasia Group's Anna Ashton gives the latest. Plus, sources say that FTX CEO Sam Bankman-Fried secretly transferred $10 billion in customer funds to his trading company, Alameda Research. CoinDesk's Lawrence Lewitinn explains what this means for the crypto ecosystem. And, a warning from the International Monetary Fund reports that the global economic outlook is even gloomier than projected. Global X's Jon Maier and Pivotal Advisors' Tiffany McGhee discuss 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.

Stocks are getting a big boost on the back of the October CPI report showing a smaller than expected increase in consumer prices. Bank of America’s Aditya Bhave explains what this means for the economy going forward. Plus, reports say FTX is looking for more than $9 billion in rescue funds from rivals such as OKX and current investors like Sequoia Capital. TechCrunch’s Jackie Melinek gives the latest on the story. And, it’s been a rough ride for commercial real estate, with rising interest rates having an impact on demand. Marcus & Millichap’s Hessam Nadji weighs in on the sector. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Binance is walking away from its plans to acquire FTX just a day after Binance CEO Chapeng Zhao reached a deal that would rescue the crypto exchange from liquidity crisis. CoinDesk’s Tracy Wang explains the latest updates. Plus, the fight for control of Congress rolls on, with contests in Arizona, Nevada, and Georgia all remaining too close to call. Invesco’s Andy Blocker discuss key takeaways from the midterms. And, the next major focal point for investors is likely today’s October CPI print. Fernwood Investment Management’s Cate Faddis and Gilman Hill Asset Management’s Jenny Harrington weigh in on its impact on the markets. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Democrats flipped a key Senate seat in Pennsylvania, helping to fend off expectations of a “red wave” by Republicans. Fordham Global Insight’s Tina Fordham dives into the midterm results. Plus, with the Republicans expected to win back control of the house and the Senate still hanging in the balance, there could be some changes coming to the United States’ role in the global energy landscape. RBC Capital Markets’ Helima Croft lays out the case. And, shares of Disney are falling after missing on the top and bottom lines in Q4. Citigroup’s Jason Bazinet discuss the future of the company. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Americans are preparing to head to the polls to cast their ballots for the midterm elections in what’s expected to be a close contest. Raymond James’ Ed Mills explains what investors need to watch. Plus, several big tech companies have announced layoffs or hiring freezes in recent weeks. Fast Company’s Stephanie Mehta breaks down the implications on the sector. And, word on Wall Street is that the Fed will not be curbing its efforts to tame inflation any time soon. Zor Capital’s Joseph Fahmy and Howard Capital Management’s Vance Howard discuss what this means for the markets. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The results are in from the latest NBC News midterm poll for the final check on the pulse of the voter before tomorrow’s midterm elections. Stifel’s Brian Gardner gives his thoughts on what’s to come. Plus, the Nasdaq is coming off its worst week since January, with software and services down nearly 9% last week. Baird’s Rob Oliver discusses what this means for the sector. And, ahead of another busy week of earnings, Goldman Sachs has cut its S&P 500 earnings estimate, citing margin headwinds. Principal Asset Management’s Seema Shah and Matrix Asset Advisors’ David Katz preview the trading week ahead. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The October jobs report is out today, just two days after the Federal Reserve boosted interest rates by 75 basis points for the fourth time in a row. Wells Fargo’s Sarah House explains what to expect. Plus, with earnings out from Expedia and Booking Holdings, what is the state of the travel industry? AB Bernstein’s Richard Clarke weighs in. And, Starbucks topped estimates as consumers continue to pay higher prices. Bank of America’s Sara Senatore gives the latest on the restaurant space. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Netflix launches its ad-tier today as the streaming wars continue. Big Technology’s Alex Kantrowitz explains what this means for the company. Plus, investors are still digesting the Federal Reserve’s fourth straight 75 basis point rate hike and Fed Chairman Jay Powell’s promise to keep his foot on the gas. Federated Investors’ Linda Bakhshian discusses the implications on the markets. And, what’s in store for the trading day ahead? Hennessy Funds’ Josh Wein and CFRA’s Sam Stovall weigh in. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The countdown to today’s Federal Reserve policy decision is on, as investors price in a more than 85% chance the Fed raises the benchmark rate by 75 basis points for the fourth time in a row. TD Securities’ Priya Misra and NatWest Markets’ Michelle Girard break down what to expect. Plus, according to reports out this morning, Credit Suisse is garnering the attention of one controversial shareholder who would like to boost their stake in the bank. Financial Times’ Owen Walker gives the latest. And, China tech stocks are popping on unconfirmed news that the country will start easing COVID-19 restrictions. Clockwork Group’s Marko Papic discusses if this rally has any staying power. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.