Did EVs miss their moment to become the standard?
The Financial Exchange Show
by The Financial Exchange Network
4h ago
Chuck Zodda and Marc Fandetti discuss Biden's tariffs on EVs coming from China. Carmakers are back to betting on hybrids as EV sales stall. How to lend family money without wrecking your relationship. Why are new college grads going to have a difficult time landing their dream job even in a hot labor market? Paul LaMonica joins the show to chat about Robinhood becoming much more than just an online trading platform ..read more
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US Consumers are not happy with the direction of the economy
The Financial Exchange Show
by The Financial Exchange Network
4h ago
Chuck Zodda and Marc Fandetti discuss the recent University of Michigan sentiment poll which showed a drop well below expectations. The S&P 500 is tracking back towards its all-time high. Why higher Fed rates are not totally off the table. Bumble predicts the future of online dating is AI. Why has oil been climbing over the past couple of days? Why is the Dow Jones a terrible index? How are some homebuyers beating high mortgage rates ..read more
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Current state of housing w/Mike Simonsen
The Financial Exchange Show
by The Financial Exchange Network
1d ago
Chuck Zodda and Mike Armstrong explain why we actually need to build more luxury homes. Mike Simonsen joins the show to share how the housing market is shaping up around the country. The great wealth transfer has started, but millennials and Gen Z may not inherit as much as they anticipate. Tim Cook can't run Apple forever. Who's next? Disney, Hulu, and Max streaming bundle will soon become available. Southwest's preboarding line is out of control ..read more
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Why is Corporate America on a spending spree?
The Financial Exchange Show
by The Financial Exchange Network
1d ago
Chuck Zodda and Mike Armstrong discuss the weekly jobless claims that jumped to its highest level since last August. Corporate America is on a spending spree, buying back shares. Arm slides as tepid outlook fuels concerns over AI slowdown. Billions in chips grants are expected to fuel industry growth. Lenders are seeing a bottom for consumers ..read more
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Will Gen X get left behind on Social Security?
The Financial Exchange Show
by The Financial Exchange Network
2d ago
Chuck Zodda and Marc Fandetti disucss why Gen X is going to get screwed the most by the current mess that is Social Security. The US 30-year rate mortgage dropped for the first time since March. Uber drops on the market despite rising revenue. Will the alliance between Uber and Instacart be able to challenge Doordash? Corey Adams, Regional Manager for Robert Half, joins the show to share some ideas about education vs skills based hiring ..read more
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What is phantom debt and why are Americans falling for it?
The Financial Exchange Show
by The Financial Exchange Network
2d ago
Chuck Zodda and Marc Fandetti take a look at how booming corporate profits are shielding the economy. Walmart is the next test for traders worried about consumer spending. Wall Street can't track Americans 'phantom debt'. Pandemic-era winners have lost $1.5 trillion in market value. Mnuchin is changing his tune about the strength of the US dollar. Massachusetts is seeking ways to retain young workers that are fleeing the state.  ..read more
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Disney may not have a fairy tale ending
The Financial Exchange Show
by The Financial Exchange Network
3d ago
Mike Armstrong and Marc Fandetti react to Disney's less than impressive earnings report that sent the stock tumbling. Apple unveils its latest edition of the iPad. Apple is developing AI chips for data centers in hopes of gaining an edge in the arms race. At $2M per minute, Treasuries mint cash like never before. There are signs that the US consumer is still spending, but it appears to be on experiences. New York is set to charge drivers $15 to enter Lower Manhattan ..read more
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Social Security gets extended but could still run out of money in 2035
The Financial Exchange Show
by The Financial Exchange Network
3d ago
Mike Armstrong and Marc Fandetti discuss how the Fed is shifting expectations on interest rate cuts for the second half of the year. Social Security gets some good news as expectations are the administration has enough funds to cover till 2035. Massachusetts eyes a mansion tax to fund affordable housing. The Fed's reluctance to cut rates is making it harder for emerging markets ..read more
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The simple solution to reduce the cost of housing
The Financial Exchange Show
by The Financial Exchange Network
4d ago
Chuck Zodda and Mike Armstrong explain why weak currency and deflation are the rocket fuel behind China's shock 2.0. Reclassifying marijuana could unlock billions in tax savings for cannabis companies. Want to reduce the cost of housing? Build more of it. Capital-gains tax hits more home sellers. Consumers fed up with food costs are ditching big brands ..read more
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Should we embrace the recent economic slowdown?
The Financial Exchange Show
by The Financial Exchange Network
4d ago
Chuck Zodda and Mike Armstrong react to Warren Buffett's comments about AI from the annual Berkshire Hathaway meeting. Are we finally experiencing the long awaited economic slowdown? Is the Fed right to bide its time on rate moves? Could the Fed do a better job explaining the moves they make? The 401(k) match change could have 'unintended consequences' at tax time. Equinox launches a $40,000 per year membership to help you live longer ..read more
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