Morning Call

Newly appointed Treasury Chief Jeremy Hunt has announced a reversal in the UK’s tax cuts in an effort to stabilize the economy. ING Bank’s Carsten Brzeski gives the latest. Plus, the 30-Year Fixed Mortgage is now hovering around 7%, jumping to its highest level in roughly 20 years. Digital Risk’s Jeff Taylor breaks down the housing sector. And, investors are awaiting final reports from financials, including Goldman Sachs, State Street, and Truist Financial. JMP Securities’ Devin Ryan previews 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.

Energy Aspects’ Amrita Sen lays out the possible responses the Biden Administration may have to OPEC+ cutting oil production, including a big release from the SPR. Plus, Brian Gardner of KBW discusses whether it will be a “Red Wave” in Congress and the statehouses in November. And, Sunaina Sinha Haldea of Raymond James says companies that are resilient to higher inflation are good opportunities for investors, such as healthcare services and insurance. 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 a busy day on Wall Street, with JPMorgan, Citi, Morgan Stanley, and Wells Fargo all expected to report Q3 earnings before the bell today. Argus Research’s Stephen Biggar breaks down what to expect. Plus, China President Xi Jinping is poised to cement a third five-year term this Sunday, making him the country’s most powerful leader since Mao. China Beige Book’s Shehzad Qazi explains the impact. And, investors continue to keep one eye on the situation in the UK as they also turn their attention to earnings season. Palisade Capital Management’s Dan Veru and Aureus Asset Management’s Kari Firestone 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.

Investors are bracing for the latest read on inflation with the September CPI report. Former Atlanta Fed President Dennis Lockhart discusses what to expect. Plus, the Biden administration has been scrambling to prevent curbs on semiconductor manufacturing from further disrupting the supply chain. MSA Capital’s Ben Harburg breaks down which names could be hit the hardest. And, Wall Street is still grappling with the UK policy crisis and what it could mean for markets state-side. CalSTRS’ Christopher Ailman and Citi Global Wealth Investments’ Steven Wieting give their thoughts. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Meta’s annual Connect Developer Conference unveiled several new virtual reality tools, including the Quest Pro headset, which will begin shipping to buyers this month. Journey’s Cathy Hackl recaps the event. Plus, tech continues to feel the pressure from rising rates, restrictions on China chip manufacturers, and comments from JPMorgan CEO Jamie Dimon. Loup’s Gene Munster discusses the outlook for the sector. And, the Bank of England is exploring the possibility of extending its emergency bond buying program beyond this Friday’s deadline. Northman Trader’s Sven Henrich and Fairlead Strategies’ Katie Stockton break down what this means for the global economy. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

In a CNBC exclusive, our Julianna Tatelbaum sits down with JPMorgan Chase CEO Jamie Dimon to discuss the future of the global enconomy. Dimon warns that the U.S. economy is likely to fall into a recession due to several factors, including inflation, the effects of quantitative tightening by the Federal Reserve, and the War in Ukraine. Bleakley Advisory Group’s Peter Boockvar and Hennessy Funds’ Josh Wein discuss what this means for the markets today. 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 China-based semiconductor makers are getting hit hard in overseas trading on the back of the announcement by the Biden administration of new export rules on chips. Longview Global’s Dewardric McNeal gives the latest. Plus, stocks in the energy sector are surging on the heels of OPEC+’s decision to cut production by 2 million barrels a day. CFRA’s Stewart Glickman explains where to invest. And, the major averages are posting their first positive week in the past four. Principal Asset Management’s Kamal Bhatia, JPMorgan’s Jason Hunter, and Pivotal Advisors’ Tiffany McGhee discuss 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 September jobs report is out today, with investors waiting to see how the numbers will impact the Fed’s view of inflation. Adecco’s Amy Glaser gives her thoughts on the employment landscape. Plus, the benchmark 10 Year yield is coming off a wild few days of trading. TD Securities’ Priya Misra breaks down what this means for markets. And, stocks look to close out yet another volatile week. Pitcairn’s H.F. “Rick” Pitcairn and Veritas Financial Group’s Greg Branch discuss how to invest. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Investors, traders, and consumers are still digesting yesterday’s decision by OPEC and its allies to slash output by 2 million barrels per day. Husseini Energy’s Sadad Al-Husseini breaks down the outlook for energy. Plus, Target kicks off its early holiday bargains today in an effort to remove excess inventory. Former Target Vice Chairman Gerald Stoch weighs in on what this means for retail. And, will stocks continue yesterday’s slump, or can they bounce back to gains made earlier this week? Chantico Global’s Gina Sanchez and Oppenheimer Asset Management’s John Stoltzfus give their take. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

OPEC+ is set to hold its first in-person session in roughly two years, where the group is expected to dramatically slash product amid a dramatic pullback in crude prices in recent months. RBC Capital Markets’ Helima Croft brings the latest from Vienna. Plus, shares of Twitter are surging after Elon Musk’s surprise decision to reverse course and revive his deal to buy Twitter. The Wall Street Journal’s Tim Higgins explains what to expect. And, can stocks maintain their winning streak following a two-day rally? New Street Advisors Group’s Delano Saporu, Bryn Mawr Trust’s Jeff Mills, and Infracap’s Jay Hatfield 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.