Morning Call

As the Federal Reserve kicks off its two-day policy meeting today, investors are overwhelmingly expecting a third 75 basis point interest rate hike. Apex Financial’s Lee Baker gives his thoughts. Plus, tech and growth shares have been taking the biggest hit in recent days, with the Nasdaq down more than 2% this month. Evercore’s Mark Mahaney dives into the tech trade. And, China is keeping its benchmark lending rates unchanged today, even as the Fed and other central banks are tightening their policies. The China Beige Book’s Shehzad Qazi explains what this means for the rest of the world. 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 pricing in an 80% chance that the Fed will hike rates by 75 basis points for a third straight time. Bleakley Advisory Group’s Peter Boockvar explains what to expect from tomorrow’s meeting. Plus, amid the tech sell-off, are there any investment opportunities left in the sector? Neuberger Berman’s Daniel Flax weighs in. And, world leaders are gathering for the Queen’s funeral in Westminster Abbey. CNBC’s Steve Sedgwick and Tania Bryer give the latest. 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 FedEx are tumbling after the company missed forecasts and pulled its guidance for the fiscal year. Deutsche Bank’s Amit Mehrotra gives his thoughts on the company’s outlook. Plus, the real estate sector is off more than 22% from its most recent 52-week high back in December. Piper Sandler’s Alexander Goldfarb breaks down which names have been hit the hardest. And, the new iPhone 14 hits stores today, just days after the hotter-than-expected August CPI print. Big Technology’s Alex Kantrowitz weighs in on the consumer backdrop. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Russian President Vladimir Putin and Chinese President Xi Jinping are set to meet later today at a regional summit in Uzbekistan. Atlantic Council CEO President breaks down what to expect. Plus, negotiators have less than 19 hours before rail workers could strike for the first time since 1992. CNBC reporter Ylan Mui gives the latest. And, yesterday’s chopping trading session saw the major averages climb out of the red. Main Street Asset Management CIO Erin Gibbs explains her thoughts 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.

The six largest U.S. tech companies lost more than $500 billion in market value yesterday. Arete Research Co-Founder Richard Kramer discusses what this means for the sector outlook. Plus, ahead of the long awaited Ethereum Network upgrade, Ether is seeing its worst day since late August. CNBC tech reporter Mackenzie Sigalos and JMP Securities analyst Devin Ryan explain what’s to come. And, following a hotter-than-expected than expected CPI report, markets are experiencing a major sell-off. Hodges Capital Management CIO Craig Hodges and FAIRLEAD Strategies Founder Katie Stockton make sense of the 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.

Twitter shareholders are reportedly voting in favor of Elon Musk’s $44 billion takeover bid today. Former SEC commissioner Sarah Unger discusses what’s to come. Plus, economists are expecting price gains to slow to 8% year-on-year in the August CPI report out this morning. Former Federal Reserve Vice Chairman Roger Ferguson gives his thoughts. And, traders are pricing in a 92% chance that the Fed will hike rates by 75 basis points for a third straight meeting next week. Potomac Wealth Advisors President Mark Avallone and Truist Advisory Services Co-CIO Keith Lerner kick off the trading day. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The tech-heavy Nasdaq is up 4%, breaking its 3-week losing streak. But is this enough to call it a rebound? Laffer Tengler Investments CEO Nancy Tengler weighs in. Plus, oil prices are falling, with global demand overshadowed by COVID restrictions in China and the prospect of more rate hikes in the U.S. and Europe. Warwick Investment Group CEO Kate Richard explains what this means for the energy outlook. And, futures are pointing to a higher open ahead of tomorrow’s August CPI report. Medley Global Advisors Managing Director Ben Emons and Horizon Investments Head of Portfolio Management Zach Hill 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.

Today, a nation mourns the loss of Queen Elizabeth II. London School of Economics professor Luftey Siddiqi discusses what her passing means for the U.K. economy. Plus, September, a month notorious for being bad for equities, is looking to close out a week with gains across the board. RBC Capital Markets strategist Amy Wu Silverman explains her investment strategy. And, the NFL is undergoing several changes this season, from the expansion of sports betting to more ways to watch the game. WashU at St. Louis' Patrick Rishe previews the season 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 been nearly three years since the launch of Disney+, and to mark the occasion, Disney is calling today “Disney Plus Day.” Axios Media Reporter Sara Fischer explains the expected releases today. Plus, with more companies requiring workers to return to the office, what does that mean for commercial real estate? CBRE’s Spencer Levy weighs in. Also being discussed on Wall Street are Apple’s new product upgrades. Tigress Financial Partners CIO Ivan Feinseth breaks down how the stock is trading. And, markets are putting a stop to their most recent slide on Wednesday. Lux Capital Partner Deena Shakir, Chantico Global CEO Gina Sanchez, and Sarian Strategic Partners CEO Greg Sarian talk broader markets. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Apple is set to announce a new iPhone at the company’s first in-person product launch today. Cowen Managing Director Krish Sankar and Big Technology Founder Alex Kantrowitz break down what to expect. Plus, Vladimir Putin says Germany and Western sanctions are to blame for the shutdown of the Nord Stream 1 Pipeline. Oxford Economics Senior Economist Daniel Kral gives the latest. And, two areas of the market getting hit hard in recent days are tech and high-yield bonds. New Street Advisors Group’s Delano Saporu, RBC Global Asset Management’s Andrzej Skiba, and Bleakley Financial Group’s Peter Boockvar explain why. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.