Power Lunch

The Dow and S&P 500 each hit record highs in earlier trading. But we’ll hear from a market expert who thinks a correction back to 5,000 on the S&P is on the horizon.Plus, we’re keeping an eye on Apple. Some troubling signs are emerging about demand for the line of new iPhone 16s. We’ll tell you all you need to know. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The S&P 500 rose to a fresh record-high on Tuesday and largely shook off a weak consumer confidence reading thanks to a sharp rise in Nvidia. Consumer confidence suffered its biggest one-month decline in more than three years, hitting 98.7 for September. Economists polled by Dow Jones expected a reading of 104. We’ll tell you all you need to know. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Shares of Intel climbed 2.4% after Bloomberg News reported that Apollo Global Management proposed to make a multibillion-dollar investment in the struggling chipmaker. We’ll discuss the details.Plus, shares of Meta Platforms are soaring to all-time highs, with at least 2 analysts making very bullish calls on the stock ahead of the company’s big event next week. We’ll trade it in Three Stock Lunch.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are mixed today, but higher for the week following the Fed’s decision to cut rates by a half-percentage point. But today’s big story: Apple’s iPhone 16 going on sale amid some concerns about demand. We’ll track that for you. Plus, shares of Nike are higher after the company announced a change in leadership. We’ll discuss the challenges facing the incoming CEO.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are surging as traders digest the Fed’s decision to lower interest rates by a half percentage point. The Dow and S&P 500 both advanced to new intraday highs, while the Nasdaq surged nearly 3%. Traders also got further validation that the Fed was engineering a “soft landing” for the economy as weekly jobless claims fell by 12,000 to 219,000, which was far below estimates. We’ll cover the market action from all angles. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are little changed after the Fed lowered interest rates by a half-percent, making investors optimistic about a “soft landing” for the economy. The FOMC lowered its overnight lending rate to a range of 4.75%-5% from 5.25%-5.5%. We’ll break down what that means for both markets and your money, right up until Fed Chair Jerome Powell’s press conference. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We’re just 24 hours away from the next Fed decision on interest rates. And the odds are still split on whether it will be a 25 or 50 bps cut. We’ll discuss that and much more with our guest host for the hour, WaFd CEO Brent Beardall.Plus, were finishing off our Powerhouse Blueprint series, and today we’re heading to the garage. We’ll check on car prices, and also one of the biggest reasons why car ownership is so expensive right now: auto insurance coverage. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The markets are counting down to Wednesday, when we’ll get the answer to the question that’s been on everyone’s mind: 25 or 50? We’ll break down all the rate cut scenarios in play for the Federal Reserve this week.Plus, rising prices for food and groceries continue to be a thorn in the side of consumers. We’ll dive into the economics of it all in the latest edition of our Powerhouse Blueprint. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

As stocks look to wrap up a strong week, Boeing shares are taking another leg lower as its union workers walk off the job. As a result, Moody’s is putting Boeing on a review for a downgrade. We’ll bring you the latest details Plus, smartphone prices are down 9% year-over-year according to the latest CPI. And smartphone pushback from parents is leading to an increase in demand for so-called “dumb tech.” We’ll dive into all of that.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

McDonald’s just announced it’s extending its $5 value meal into December for most of its U.S. markets. Will this keep the fast food value wars raging into the new year? We’ll discuss.Plus, it’s day 2 of our Powerhouse Blueprint series, highlighting inflation throughout all the parts of your home. Today we’ll highlight home furnishings, and the cooling of the DIY boom. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.