Morning Call

Oil prices are edging up today on the expectation that OPEC+ may agree to a massive production cut. Rystad Energy’s Jorge Leon gives the latest. Plus, where are the best places to invest in the market right now? Market Rebellion’s Jon Najarian weighs in. And, stocks are indicating a higher open after yesterday’s broad based rally. Baird’s Ross Mayfield and Gilman Hill Asset Management’s Jenny Harrington break down 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 dollar is holding near the flat line today after coming off its best quarter since 2016. Kyriba’s Wolfgang Koester discusses the strong dollar’s impact on multinational companies. Plus, Liz Truss is planning to cut taxes for the UK’s highest earners following backlash from members of parliament. Moody’s Analytics’ Mark Zandi gives the latest. And, recent data from Goldman Sachs suggests a stock market sell-off into 2023 is likely inevitable at this point. Miller Tabak’s Matt Maley, LPL Financial’s Quincy Krosby, and KKM Financial’s Jeff Kilburg preview the new quarter of trading. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

UK Prime Minister Liz Truss is expected to meet with the head of Britain’s fiscal watchdog after failing to quell the panic over the future of the economy. Former Bank of England member Martin Weale gives his thoughts. Plus, Nike shares are plunging after describing its overflowing inventory during yesterday’s first quarter earnings call. SW Retail Advisors’ Stacey Widlitz explains the state of retail. And, stocks are set to limp to the finish line after what has been another tough week for investors. Palumbo Wealth Management’s Phil Palumbo and Evans May Wealth’s Lizzie Evans discuss how to position your portfolio. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks surged on Wednesday after the benchmark 10-year Treasury note saw its steepest one-day drop since 2009. JPMorgan’s Jason Hunter explains what this means for fixed income. Plus, oil prices are pulling back today after gaining more than $3 a barrel in yesterday’s session. TD Securities’ Bart Melek discusses the impact of the dollar index on oil. And, with stocks putting a stop to their most recent skid, what’s in store for the trading day ahead? Blanke Schein Wealth Management’s Robert Schein and Decatur Capital’s Degas Wright 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.

Stocks are gearing up for another potentially rough trading day. Market Rebellion’s Jon Najarian discusses where options action is taking shape. Plus, Federal Reserve officials are striking hawkish tones, with many calling for more rate hikes. UBS’ Mark Haefele explains the outlook. And, is a global recession inevitable at this point? Horizon Investments’ Scott Ladner 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.

Home prices in July are expected to have slowed, with the surge in mortgage rates forcing the housing market to cool significantly. Cortland’s Brad Dillman explains the outlook. Plus, the British pound is rebounding after hitting a fresh, all-time low against the dollar. High Frequency Economics’ Rubeela Farooqi discusses the impact on a potential global recession. And, markets are looking to bounce back after a rough batch of trading sessions. Van Lanschot Kempen’s Anneka Treon and Aureus Asset Management’s Kari Firestone preview 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.

It’s a busy week on deck for lawmakers in Washington, with Senate democrats set to move forward on a short-term funding bill extending current funding levels until mid-December and avoiding a government shutdown. Stifel’s Brian Gardner gives the latest. Plus, the tech sector is coming off its worst two-week stretch since the beginning of the pandemic. Clockwise Capital’s James Cakmak discusses tech’s rough ride. And, brent crude has fallen below $85 a barrel early this morning due to a surging U.S. dollar and continued global recession fears. Kpler’s Viktor Katona explains the impact. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

House Republicans are set to lay out their agenda if the party is able to retake control of Congress, with just about a month and a half until the midterm elections. American Enterprise Institute’s Jimmy Pethokoukis breaks down the latest. Plus, a pending deal between Investindustrial and Eataly is in the works, with the private equity firm planning on purchasing a 52% stake in the restaurant company. Investindustrial Chairman Andrea Bonomi explains the investment. And, markets are lower across the board. Tandem Wealth’s Chuck Self and Pivotal Advisors’ Tiffany McGhee discuss how to play it. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

In the wake of Vladimir Putin’s decision to initiate Russia’s first military mobilization since WWII, G7 foreign ministers have announced that they will pursue more sanctions against Moscow. Oliver Wyman’s Daniel Tannenbaum gives the latest. Plus, after 99 straight days of falling prices, the nationwide average for gasoline ticked up by a penny yesterday to $3.68 a gallon. OPIS’ Denton Cinquegrana discusses the implications. And, following the Fed’s third straight 75 basis point rate hike, is there more pain to come for the economy? Former Morgan Stanley Asia Chairman Stephen Roach 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.

Investors are gearing up for Fed Chairman Jay Powell and the Federal Reserve’s latest policy decision today. Wells Fargo’s Sarah House and TD Securities’ Priya Misra break down what to expect. Plus, in a rare national address, Russian president Vladimir Putin has announced a partial mobilization of his country’s military this morning. RBC Capital Markets’ Helima Croft gives the latest. And, September is living up to its reputation of underwhelming returns, with all three indices down more than 2% this month. Piper Sandler’s Craig Johnson and Rose Advisors’ Patrick Fruzzetti discuss 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.