Power Lunch

Markets are experiencing a late-summer rally, especially for tech stocks. The Nasdaq is on pace for its 7th positive day in the past 8 sessions. We’ll explain what’s driving the move higher. Plus, the self-driving push has hit a speed bump. Cruise had to cut back its autonomous ride-share program, while regulators are inquiring about Tesla’s autopilot program. We’ll discuss the impact for autonomous driving overall. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

President Biden is set to speak about Medicare drug prices. While the FDIC plans to force banks to protect themselves in case of failure.And the SEC just lost a key court battle, potentially clearing the way for an official Bitcoin ETF. We’ll tell you 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.

Commerce Secretary Gina Raimondo is visiting China, just as the nation’s real estate market takes another hit. This is the third trip to China by a Biden cabinet member this summer. Is anything actually getting done? We’ll discuss. Plus, hedge fund Tiger Global is defending itself from what it’s calling “misinformation attacks” by a disgruntled former employee. We’ll dig into the allegations, but also look at what might be an even bigger issue: its recent performance. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Fed Chair Jerome Powell says inflation is still too high, and the Fed is ready to raise rates even more if needed. We’ll dig into the whole story. Plus, Oppenheimer is bullish on Nike, while Morgan Stanley is skeptical about Abercrombie & Fitch. We’ll get the read on retail from both firms. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Investors looking for insights into Fed Chair Jerome Powell’s process are being well “fed” this week, with the Jackson Hole summit now underway. We’ll tell you all you need to know.Plus, Nvidia’s earnings blew well past expectations, briefly sending the stock to record highs as it dominates the AI chip race. Can it keep up this momentum? We’ll debate. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

It’s the day Wall Street has been waiting for: Nvidia earnings are here. The stock has already tripled so far this year. Can anything the company says help push the shares even higher? We’ll discuss. Plus, mortgage demand has dropped to a 28-year low, as rates jump above 7% -- their highest level in 2 decades. But are the high rates crippling homes sales, or is it just a lack of inventory? 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.

Retail earnings reports are still rolling in. While tech earnings are telling us about the impact of AI. Are corporate profits, and the economy, strong enough to send stocks higher? We’ll discuss.Plus, we’ll ask the CEO of Masonite if the company is seeing a slowdown, as fewer people move out of their homes amid soaring mortgage rates. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The biggest econ event of the summer is upon us: the Fed’s summit in Jackson Hole, WY. We’ll tell you what to expect, as yields continue to soar – including the 10-year yield at its highest level in 16 years.Plus, we’ll speak to the CEO of Brinker International. What are Chili’s & Maggiano’s seeing on the inflation front? And how is consumer spending holding up in this environment? We’ll ask. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Soaring bond yields, and falling stocks. That’s the setup for the markets right now. How worried should investors be about rising rates and the impact on tech stocks in particular? We’ll explore.Plus, Instacart is reportedly planning to go public, possibly as soon as next month. While ARM Holdings is also in the pipeline. Is the IPO market finally starting to defrost? We’ll discuss. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Walmart says consumers are hunting for bargains as inflation squeezes their wallets. But how about the high-end consumer? We’ll talk to the heads of Equinox & Christie’s about that.Plus, a California insurer is making a big move in the pharmacy space. We’ll explore what it means for both stocks and drug prices. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.