Power Lunch

The Dow hit 40,000 for the first time in today’s trading. Which means it took just over 7 years to double from the first time it hit 20,000.The S&P 500 and Nasdaq both reached record highs today as well. But while big round numbers are nice, and get attention, what do they really mean? We’ll explore. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The market just received the cooler data it was waiting for, as CPI dropped slightly in April to its lowest reading since 2021. We’ll discuss what it means for stocks and the Fed’s next move.Plus, the White House’s EV tariffs were meant to protect America’s auto industry. But in doing so, it may have hurt progress toward an all-electric vehicle market. We’ll explore. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

America’s chess match with China continues, as the White House raises tariffs on $18 billion worth of Chinese imports. We’ll discuss the global impact.Plus, “Meme Mania” is roaring back to life on the back of tweets from ‘Roaring Kitty.’ But some retail traders think it could play out differently this time. We’ll explore. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We’re watching big tech closely today. OpenAI, which is backed by Microsoft, just unveiled a new flagship model. And it may team up with Apple to put ChatGPT on the iPhone. We’ll bring you the latest details. Plus, Meme Mania is back – at least for today. “Roaring Kitty” tweeted for the first time in 3 years, and that sent shares of GameStop, AMC and Blackberry all higher. We’ll discuss what it means for markets. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are losing some steam, but the Dow is holding onto gains, which would make it an 8-day winning streak. What could derail this rally?Could it be the Fed? We’ll hear from 2 Fed presidents, Neel Kashkari and Austan Goolsbee, about when the central bank’s  first rate cut could come.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Apple’s new ad is drawing criticism that the company is “crushing” everything. And at Google, profits are high, but worker morale is low. We’ll dig into that.Plus, many companies are making big moves after reporting their earnings. We’ll cover 3 key reports in a deluxe edition of 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.

Regulators are reportedly investigating Tesla’s self-driving claims, including whether it committed securities fraud or wire fraud during that criminal investigation. We’ll bring you the latest details.Plus, Morningstar’s Outstanding Portfolio Manager of the Year, JPMorgan’s Clare Hart, joins us to discuss her 20-year run as the head of the one of Wall Street’s most under-appreciated funds. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We’ve got lots of huge stories in the tech space today. Apple is making headlines. Washington is targeting tech platforms. And Stanley Druckenmiller has some strong words on AI. We’ll tell you all you that you need to know.Plus, we’ll do a deep dive into the future of the advertising industry – including why Amazon’s approach to retail media could redefine the ad space as we know it. MNTN CEO Mark Douglas will join us to discuss. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This hour we’ll break down what we heard from Warren Buffett at the Berkshire Hathaway annual shareholder meeting over the weekend.Plus, we have a pair of power players on the menu: Citadel’s Ken Griffin, and the Head of Volkswagen’s Americas Group. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are rallying to end the week, as the jobs number came in short and the unemployment rate rose, leading some to believe the Fed could start cutting rates soon . Markets seem to be going with “bad news is good news.” We’ll discuss what it all means for you and your money.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.