Podcasts about evercore isi

Micron (MU) is entering a new strategic partnership with Anthropic as Needham raises its price target on the AI memory stock. Credo Technology (CRDO) gets a new bull in Evercore ISI after it initiated an outperform rating. AbbVie (ABBV) aims to acquire Apogee Therapeutics (APGE) for $10.9 billion. Diane King Hall highlights the top moving stocks into Monday's trading session. ======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Mark Gibbens expects a 2.5% to 3% increase in economic data like GDP before the year's end, pointing to easing geopolitical tensions and the AI trade offering a lift for the U.S. Sticking with AI, he likes AMD Inc. (AMD) and sees it holding a strong edge in the chipmaking space even as Nvidia (NVDA) maintains leadership. He also expects Credo Technology (CRDO) to gain traction as the company gets an outperform rating from Evercore ISI. Mark then points to Goldman Sachs (GS) as a beneficiary from the booming IPO market with debuts like SpaceX (SPCX) and Cerebras (CBRS). ======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Diane King Hall talks all about tech as analysts raise expectations for stocks across the sector. SanDisk (SNDK) gets a major price target hike from Citigroup on continued AI driven storage demand. CrowdStrike (CRWD) also saw bullish price target increases from multiple Wall Street firms, while AMD Inc. (AMD) received another boost from Evercore ISI as the AI trade stays strong.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Diane King Hall breaks down this morning's biggest stock movers as markets seek to continue a record run. Klarna (KLAR) shares jump after earnings, offering a bright spot for fintech. Intel (INTC) drops on a report that it's losing market share to AMD Inc. (AMD) and Arm Holdings (ARM). Diane then turns to the Mag 7 in Apple (APPL) after Evercore ISI raised its price target.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

A torn Meniscus – that is what they say… now what? The beginning of UBI as a response from the AI boom? Black in packaging – byproduct of war Markets – – Up up and away! – New inflation data is in… – The Circular Economy – Great chart…. – Some inflation facts PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - Torn Meniscus - that is what they say... now what? - The beginning of UBI as a response from the AI boom? - Black in packaging - byproduct of war - Insights into consumer confidence reports Markets - Up up and away! - New inflation data is in... - The Circular Economy - Great chart.... - Some inflation facts - From the TACO trade to the NACHO trade The new CTP for Salesforce is open for entries! From TACO to NACHO - Not A Chance Hormuz Opens - - New phrase being used in the oil pits and trading floors Life Support - President Trump tells reporters that ceasefire with Iran is on "massive life support"; says Iran's peace proposal was a "piece of garbage" Going to CHYNA - President Donald Trump has invited executives from some of the biggest U.S. companies — including Tesla CEO Elon Musk, Apple CEO Tim Cook, BlackRock's CEO Larry Fink and Boeing CEO Kelly Ortberg — to join his trip to China this week, according to a White House official. - Also expected to join Trump's delegation for meetings with Chinese President Xi Jinping are Blackstone's Stephen Schwarzman, Cargill's Brian Sikes, Citigroup's Jane Fraser, Coherent's Jim Anderson, GE Aerospace's H. Lawrence Culp Jr., Goldman Sachs's David Solomon, Illumina's Jacob Thaysen, Mastercard's Michael Miebach, Meta Platforms executive Dina Powell McCormick, Micron Technology's Sanjay Mehrotra, Qualcomm's Cristiano Amon and Visa's Ryan McInerney, the official said, speaking on condition of anonymity because the list has not been announced. - Jensen Huang supposedly not invited Inflation Report Today - Total CPI increased 0.6% month-over-month in April, as expected, following a 0.9% increase in March. That left total CPI up 3.8% year-over-year versus 3.3% in March. - Core CPI, which excludes food and energy, jumped 0.4% month-over-month (Briefing.com consensus: 0.4%) following a 0.2% increase in March. That left core - CPI up 2.8% year-over-year versus 2.6% in March. ----Key Factors - The food index was up 0.5% month-over-month and up 3.2% year-over-year. - The energy index was up 3.8% month-over-month and up 17.9% year-over-year. - The shelter index was up 0.6% month-over-month and up 3.3% year-over-year. - The used cars and trucks index was flat month-over-month and down 2.7% year-over-year. - The apparel index was up 0.6% month-over-month and up 4.2% year-over-year. - The services index was up 0.6% month-over-month and up 3.4% year-over-year (services less rent of shelter was up 3.5% year-over-year). - The all items index less food, shelter, and energy was up 0.2% month-over-month and up 2.3% year-over-year. Consumer Confidence - Surging gas prices due to the Iran war sent consumer sentiment to a new low in the early part of May, according to a University of Michigan survey Friday. “Taken together, consumers continue to feel buffeted by cost pressures, led by soaring prices at the pump,” the survey's director, Joanne Hsu, said. - The latest University of Michigan Consumer Sentiment preliminary reading for May came in at 48.2, below the 50.5 consensus estimate and below the prior 49.8 final reading for April. ---Note: Conference board's consumer confidence reading was actually better than last month so there is a discrepancy in reports. - Conference Board measure as highly important because it is widely followed and often tied closely to labor-market perceptions, while the Michigan survey is also closely watched for inflation-sensitive consumer attitudes. Thwarted! - Google's Threat Intelligence Group said hackers are using AI models such as OpenClaw to uncover and exploit zero-day software vulnerabilities. - GTIG said it has “high confidence” that it recorded hackers using an AI model to find and exploit a zero-day vulnerability, or a software flaw unknown to developers, creating a way to bypass two-factor authentication. -The group said in a report that it had uncovered and likely thwarted an AI-developed attack. - Anthropic delayed its Mythos model rollout due to cybersecurity concerns, but current models are being used by hackers. - How are we going to stop the hackers from using powerful AI models to hack? Circular Economy - Great Graphic Circular Always Money to be made... - US derivatives exchange CME Group Inc. and index provider Silicon Data are teaming up to create a futures market for computing power. - The futures will help traders, financial firms, AI builders and cloud providers manage volatility and price swings, according to a statement. - CME CEO Terry Duffy said compute is "the new oil of the 21st century" and creating a futures market can help make the costs more transparent. ----- One more way to pump this as now there is ways to further inflate costs through a leveraged futures market Private Credit Transparency? - Faster mark-to-market plans - Apollo Global Management Inc. has been stepping up efforts to provide liquidity and price transparency in the private-credit market, where assets don't typically change hands. - Last week, the firm said more than $830 billion of its credit assets will be priced daily by the end of September. " - Others in the industry are not so happy about this. - Most say that this is little more that lipstick on a pig No Problem - Congress is looking to suspend the federal gas tax for a few months - Trump backing - $0.18 per gallon tax in a effort to reduce gas prices that are now approx $4.40 average per gallon higher than before the war - War not changed, Iran still stringing us along. - Under/Over how long it will take until next Ceasefire bombings start? - Will a sprinkle of warfare prior to China visit be in the cards as a show of strength? AI Jobs - Kevin Hassett says that AI isn't costing anybody their jobs rights now - EVEN THOUGH TECH CONTINUES LAYOFFS - Why bother even listening to these guys? - Major deep discussion on this on TDI Podcast this week -- WORTH THE LISTEN Asian Markets - Continuing to brush off any worries about oil prices, escalation or valuations that are in the stratosphere - Korea - as we discussed this would be the case is up a staggering 78% last year and already up 81% this year - Market cap has increased $2.7 trillion over the past year - The massive wealth increase has been heavily concentrated. Tech giants Samsung Electronics and SK Hynix accounted for the vast majority of the gains, with individual rallies of up to 382% over the year. Strange - The retail trades added nearly 22,000 jobs in April, accounting for almost one-fifth of total job growth. - In March, retailers posted their largest number of monthly job openings since 2023. - Retailers are more confident after seeing consumers keep their wallets open in the face of an uncertain economy and higher gas prices. - Nearly 15.5 million employees now hold retail industry jobs, the most since July 2024. - What is strange is the UMich confidence hit another all-time low last Friday for the latest prelim reading for the month ANALlysts - The earnings upgrades for tech are not just incremental - Examples: -  Seagate Tech target raised to $1000 from $750 at Evercore ISI, cites HAMR-driven multi-year HDD growth, pricing power, and strong AI/data center demand backdrop - AMD - Goldman Sachs upgraded to Buy and raised its price target dramatically (e.g., to $450 from $240). Other firms like Bernstein (to $525), Barclays, KeyBanc, TD Cowen, and Baird also hiked targets significantly (many by $200+) - Several other names upgrades with big ranges of price increases UBI Starting...? - South Korea should consider institutional ways to redistribute potential excess tax revenue generated by the AI infrastructure boom to help ease inequalities that could deepen in an AI-driven era, a top presidential policy aide said. - President Kim proposed the principle, tentatively named a “national dividend,” underlining that gains from AI infrastructure should be understood as the product of South Korea's collectively built industrial foundation. - In his Facebook post on Monday, Kim explained that "the central question of the AI era is not simply about growth rates, but about how to socially stabilize excess profits." Black ink - Calbee to switch its brightly colored packaging to black and white because war has disrupted supply of certain raw materials used in ink - Calbee, whose potato chip brands in particular are known for brightly colored bag designs, said 14 of its products would switch to monochrome branding by the end of May. - Printing ink requires naphtha, an oil derivative for which Japan relies on imports from the Middle East for about 40% of its consumption. Black Ink Printing HantaVirus - Tristan da Cunha, home to only around 200 people, is halfway between South Africa and South America. It is the world's remotest inhabited island, more than 2,400 km and a six-day boat ride from St Helena, its nearest inhabited neighbor. - It usually relies on a medical team of two people for its health needs, and is normally only accessible by boat as it has no airstrip. - A British man was dropped from the death ship was there and has the symptoms - so "out of an abundance of caution...." - "The arrival of paratroopers, medical personnel and medical supplies from the sky has hopefully reassured the people of Tristan da Cunha," said Brigadier Ed Cartwright, Officer Commanding 16 Air Assault Brigade. - Does this give comfort that paratroopers dropping in with hazmat suits?     Love the Show? Then how about a Donation? Announcing the THE CLOSEST TO THE PIN for SALESFORCE (CRM)   Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!     FED AND CRYPTO LIMERICKS   See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

What if Wall Street's real secret isn't a trading algorithm, but a giant network of relationships powered by genuine human connection?In this episode of Thrive LouD, Lou Diamond sits down with Glenn Schorr , Evercore's Senior Managing Director and host of "Evercore's Flow of Funds," to unpack the rapid-fire world of financial research analysis and how trust and humanity win in a high-stakes, data-driven industry.Discover how Glenn Schorr pivoted into the financial services arena, why relationships are the bedrock of serious market insight, and how AI and technology are reshaping the work of top analysts without replacing their essential human touch. Plus, hear behind-the-scenes stories from his podcast, strategies for staying ahead in an industry where information moves faster than ever, and the happy accident that makes creating content so rewarding.Whether you're intrigued by the human side of finance or curious about how top analysts navigate today's hyper-connected landscape, this episode delivers both insight and inspiration.Timestamped Overview00:00 Introduction to Glenn Schorr and episode kickoff01:05 Glenn Schorr shares his unique start in financial research02:45 Evolution of his career and choosing financial services03:53 The day-to-day reality and complexity of being a research analyst05:45 How tech, data, and AI are transforming the industry09:42 The irreplaceable power of relationships in financial services12:47 Inside "Flow of Funds"—Glenn Schorr 's approach to content and audio15:08 Asking the right questions and extracting deep industry insights17:34 Surprising moments and memorable guests from his show20:29 The fulfilling (and unexpected) rewards of creating content23:27 Where to connect with Glenn Schorr and find his work24:12 Fun Street—movies, food, music, and card counting confessions29:51 Lou Diamond's wrap-up and final thoughtsApplicable current disclosures regarding the companies discussed in this video are available at the offices of Evercore ISI: 55 East 52nd Street, New York, NY 10055, and at the following site: [evercoreisi.mediasterling.com/disclosure⁠](http://evercoreisi.mediasterling.com/disclosure⁠)

PCE and inflation trends – single day concern Earnings Season – Goldman, JPM Eco Reports of historic proportion Feds looking at Private Credit holdings at banks PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - Walking back - Waffling and Extensions --- Blockade - not really - Market Immunity - Jesus.ai - Reading Retreats (The New Silent Disco?) Markets - PCE and inflation trends - single day concern - PPI revised - Earnings Season - Goldman, JPM - Historic Eco Report - Feds looking at Private Credit holdings at banks CONGRATS RORY! - back-to-Back Masters Champ - Over $250M in tour winnings Market Update - Great week for markets as Operation obliteration is postponed - - Weekend concerns and opening in the RED Monday as we get clarification - Markets somewhat immune? Looking past? - FWIW: Not much is moving thought the Straight....But who cares! ----- Markets made back all of the losses from the War! Nothing to worry about... Historic! - As of this month, we have officially hit a new historical floor. - The preliminary University of Michigan Consumer Sentiment reading for April 2026 came in at 47.6, which is the lowest recorded value in the survey's 70-plus-year history. Consumer Sentiment Fed Looking - The Federal Reserve is asking major US banks for details about their exposure to private credit due to a surge in redemptions and a rise in troubled loans in the industry. - The Fed's queries are intended to assess the level of stress in the private credit industry and the potential for it to spill over to the wider financial system. - The Treasury Department is also questioning the insurance industry about exposures to private credit, as part of a broader regulatory push to get a handle on the scale of the strains in the $1.8 trillion private credit industry. ECO - PPI - PPI: Rose 0.5% month-over-month in March, well below the 1.2% consensus expectation -  Follows a downwardly revised 0.5% increase in February (from 0.7%) Core PPI (excluding food and energy): - Increased 0.1% in March, below the 0.4% consensus expectation - Follows a downwardly revised 0.3% increase in February (from 0.5%) --- Market talk: -- -  Final demand services were unchanged, giving markets room to look through the energy-driven spike as likely temporary Meanwhile... - Dow Inc. and Exxon Mobil Corp. are among the companies boosting prices for plastics as the sector grapples with supply shocks from the US-Israeli war on Iran. - The company said Monday that it will raise prices for North American buyers of polyethylene resins — common plastics found in packaging, films and containers — through at least May, according to a document viewed by Bloomberg. - That increase includes a 30-cent-per-pound boost for April and plans for another 20-cent-per-pound hike next month, according to the notice. Blockade - President Donald Trump said the US will begin a full naval blockade of the Strait of Hormuz and threatened to retaliate in the event of Iranian resistance. -The US and Iran failed to reach a deal in direct talks in Pakistan due to differences over the nuclear issue, according to Trump. --- At first, it was a FULL blockade - then another walk-back (or is this just politics vs reality?) - The blockade will be enforced impartially against vessels of all nations entering or departing Iranian ports and coastal areas, according to US Central Command. Goldman Earnings - Reports Q1 (Mar) earnings of $17.55 per share, $1.08 better than the FactSet Consensus of $16.47; revenues rose 14.4% year/year to $17.23 bln vs the $16.99 bln FactSet Consensus. - Net revenues in Fixed Income, Currency and Commodities were $4.01 billion, 10% lower than the first quarter of 2025, reflecting lower net revenues in FICC intermediation, due to significantly lower net revenues in interest rate products and mortgages and lower net revenues in credit products, partially offset by significantly higher net revenues in commodities and currencies. - Provisions for the first quarter of 2025 primarily reflected net provisions related to the credit card portfolio, which was transferred to held for sale in the fourth quarter of 2025. --- Goldman is cleaning up and selling off some of the credit card portfolio (Apple Card) ---- We discussed that analysts had been raising guidance for companies into the print. GS rallied 16% since March - so maybe just sell-the-news event Stocks: Earnings - Goldman Sachs downgraded Best Buy to a sell, and the stock dropped about 4% on the news. --- Goldman's view is that while Best Buy should get a short?term boost in the first quarter—helped by people pulling forward PC purchases and getting bigger tax refunds—that strength may not last. --------According to the analysts, once higher memory costs start working their way into laptop and computer prices, sales could come under pressure after Q1. Blackrock Call - Asset management giant BlackRock has raised its outlook for U.S. stocks, reasoning that contained impacts from the Iran war and strong corporate earnings will create a favorable backdrop. - With earnings season just getting underway, S&P 500 companies are expected to post a collective 12.6% profit increase for the first quarter. - But do we care what Blackrock says? Long only shop with $14T in ETFs Stocks: Monday/Tuesday -----Cruise line stocks were under pressure as higher energy costs and renewed concerns about demand came back into focus. Carnival dropped about 4%, Norwegian Cruise Line was down roughly 3%, and Royal Caribbean slid more than 2%. -----Airlines moved lower for similar reasons. Rising jet fuel prices and softer demand expectations weighed on the group, with United Airlines falling more than 2.5%, while Southwest and Delta both declined around 2%. --Tuesday - Follow through getting us at/above pre-war levels Stocks: Mattress Consolidation: - Leggett & Platt jumped about 9% after announcing it will be acquired by Somnigroup International, a bedding manufacturer. The deal is an all-stock transaction valued at roughly $2.5 billion, and it's expected to close by the end of 2026. ----Mattress Monopoly Now? Adding to  - Tempur Sealy, Mattress Firm, Dreams Stocks - Upgrades - Toll Brothers, Pultegroup — Shares of both stocks rose more than 1% after Evercore ISI upgraded the two homebuilders to outperform. - - The investment firm said it's time to buy the dip in the companies, believing the bad news is already priced in and that both Toll Brothers and Pultegroup could manage macroeconomic headwinds better than some of their peers. Pope Leo - WEAK on crime and terrible for Foreign Policy say President Trump -- Is the Pope involved in criminal /  police issues ? Jesus Update - Aside from the Jesus imagery with Trump as Jesus this weekend (Trust social post - then deleted) - At $1.99 per minute, the tech company Just Like Me is taking that concept to talk to Jesus to a new level. -----Users of the platform can join video calls with an avatar of Jesus generated by artificial intelligence. ------- Like other religious AI tools on the market, it offers words of prayer and encouragement in various languages. ----------With the occasional glitch, it remembers previous conversations and speaks through not-quite-synced lips. Reading Retreats - What it is: Paid reading retreats where people travel to quiet, upscale settings to read their own books—mostly in silence—alongside strangers. - The price: Typically $1,000+ for a long weekend, often selling out months in advance. - Why it works: People are burned out by screens and distractions and are paying for structure, silence, and protected time to focus. - Social without pressure: It offers light community—being alone together—without forced conversation or networking. - Cultural tailwinds: Fueled by BookTok, wellness travel, and nostalgia for slower, analog experiences, turning reading into a premium lifestyle activity. Of Interest - Delta Air Lines said Wednesday it will “meaningfully reduce” its capacity growth plans in the near term. AFTER BULLISH COMMENTS DAYS EARLIER - Delta joined United and JetBlue in hiking its checked bag fees this week as jet fuel costs surge. PRICE WILL NEVER COME DOWN - Delta said its fuel bill will be $2 billion higher this quarter because of the spike in costs. - The carrier also reported first-quarter earnings that beat analysts' expectations. BY THE WAY>>>>> JAYNA - AKA China - China's factory?gate prices rose 0.5%, the first increase in more than three years. -  Consumer prices increased 1% year over year in March, falling short of economists' expectations. - Gasoline prices jumped 11.1% from the prior month, even as Beijing tried to limit fuel price increases. - Economists warn the spike in input costs could lead to “bad inflation,” putting added pressure on manufacturers that are already operating with thin margins. Health Breakthrough - Revolution Medicines said its pancreatic cancer drug daraxonrasib succeeded in a Phase 3 trial. - RevMed said its drug almost doubled the typical length of survival and slashed the risk of death by 60% versus chemotherapy. - The company said it will soon seek FDA approval using a Commissioner's National Priority Voucher, which grants a quicker review. - It is a small?molecule oral oncology drug, taken as a daily pill, not chemotherapy or immunotherapy. - Stock up nicely on the news... China PPI - China's factory-gate prices rose for the first time in more than three years while consumer inflation moderated in March, amid a surge in oil prices as the Iran war upended global energy markets. - The producer price index grew 0.5% from a year earlier, the first growth since September 2022, ending the longest deflationary streak in decades. For the first quarter, the PPI fell 0.6% year on year. China PPI and CPI Intel - Intel's stock had a ninth straight winning day on Monday, up 58% over that stretch. - Shares of the semiconductor company are soaring after a series of announcements and major partnerships with Google and Elon Musk. - CPUs are seeing a resurgence as agentic artificial intelligence continues to gain traction.   Love the Show? Then how about a Donation? THE CLOSEST TO THE PIN for NETGEAR Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!     FED AND CRYPTO LIMERICKS   See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

Today: David Faber, Michael Santoli, and Sara Eisen - live from Versant's D.C. Bureau - kicked off the show with a deep-dive on the IMF's downgrade of global GDP estimates before Evercore ISI's Vice Chairman weighed in, and the team discussed a deluge of new numbers out of the big banks.   Plus: 2 big interviews you don't want to miss with Sara in the nation's capital... FCC Chairman Brendan Carr in addition to NEC Director Kevin Hassett. Hear a read on where regulation could be headed in wide-ranging interviews with both policymakers.    Elsewhere in the hour: the CEO of IONQ joined the team with a fresh read on the state of play for quantum - as shares surge on a new Department of Defense contract.   Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Our Seema Mody breaks down strength in Oracle and the broader software space. Julian Emanuel of Evercore ISI joins explains what the latest developments mean for markets and how investors should be thinking about positioning. Helima Croft of RBC Capital Markets explains whether the U.S. is more insulated than other regions and what the next move in crude could be. In financials Jason Goldberg of Barclays analyzes Goldman's earnings and what it could signal for the broader banking sector. Benchmark's Cody Acree weighs whether Intel's recent run marks a real turnaround even amid ongoing geopolitical noise. Mizuho's Jared Holz breaks down trends in pharma dealmaking. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jonathan Chappell with Evercore ISI explains why his firm has an In Line rating and $390 price target for FedEx (FDX). This, as the company announced a new same-day delivery initiative to keep up with Amazon (AMZN). However, a report from the Wall Street Journal says USPS will add a 8% fuel surcharge on packages. Jonathan talks about ways the business can navigate the volatile energy environment without adding significant margin pressure. ======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

WAR IS COMPLETE! Oil Screaming higher Euro Nat Gas up 60% An update on JCD PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter INTERACTIVE BROKERS Warm-Up - The CTP for Caterpillar - We have a winner! - A tech earnings BLOWOUT - A seminal moment with AI and Employment trends - An update on JCD - from JSD - A Limerick for JCD Markets - WAR FOOTING - Buyers are still there... - Oil Screaming higher (Sunday night wow!) - Euro Nat Gas up 60% - Anyone wondering why markets keep going up? John Dvorak Jr. - Guest  - UPDATE ON JCD JSD: - Tell us what you are doing these days... - What was it like growing up around constant tech commentary and skepticism? - How did that environment shape the way you look at innovation and hype? - Where do you most disagree with your father's views on technology today? - Is AI making people smarter—or more dependent? - How should younger professionals think about job security when automation is accelerating? War and Oil - Iran's Revolutionary Guard says it has closed the Strait of Hormuz, per a Reuters report. - About a third of the world's seaborne oil exports passed through the Strait in 2025. - Threatening to BURN any ship that attempts to go through - The Strait of Hormuz is a critical, narrow chokepoint about 90–104 miles (145–167 km) long and 21–60 miles (33–95 km) wide. At its narrowest, it is only 21 miles (33 km) across, with shipping lanes in each direction restricted to just two miles wide to accommodate massive oil tanker traffic, representing about one-fifth of global oil consumption - Meanwhile - lots of production halts - Oil screamed to $115 on Sunday night before cooler heads prevailed AND SPR talk hit the tape. - MISSION ACCOMPLISHED? Just in... - President Trump says "I have ordered the United States Development Finance Corporation to provide, at a very reasonable price, political risk insurance and guarantees for the financial security of all maritime trade, especially energy, traveling through the Gulf. This will be available to all shipping lines. If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible" - BUT, who would even want to take the chance of moving through that area - even if there is insurance? Meanwhile LNG -Daily charter rates for LNG tankers in the Atlantic Basin have surged to over $200,000 per day. - Rates are roughly double levels seen less than a day earlier. - The spike followed Qatar's shutdown of LNG production as the conflict with Iran spread across the region. - The new offer levels are at least three times higher than the most recent assessed LNG tanker rate of $61,500, according to Spark Commodities earlier Monday. - Despite the elevated asking prices, no transactions have yet been confirmed at these levels. You thought that was BAD? - Europe in bad shape with Nat Gas after Qatar halted production (accounts for 20% of global LNG supply) Euro Nat Gas Amazon Data Loss - HEY WHAT ABOUT THIS? - Amazon Web Services said late Monday two of its data centers in the United Arab Emirates and a facility in Bahrain were damaged by drone strikes, taking the facilities offline. - “In the UAE, two of our facilities were directly struck, while in Bahrain, a drone strike in close proximity to one of our facilities caused physical impacts to our infrastructure,” AWS said. “These strikes have caused structural damage, disrupted power delivery to our infrastructure, and in some cases required fire suppression activities that resulted in additional water damage.” - This is an interesting twist on cyber-warfare - WHAT IF? - JSD: How does this impact AI and the world tech flow? Why do/did markets keep climbing? - Global debt climbed to a record $348 trillion at the end of 2025, after nearly $29 trillion was added over the year in the fastest yearly build-up since the pandemic surge - The increase was driven primarily by governments, which accounted for more than $10 trillion of the rise, with the United States, China and the euro area responsible for roughly three-quarters of the jump - Also, margin debt up 30% in 2025 - so there is that... - No wonder there is resilience in these markets... Berkshire News - Earnings from operations totaled $10.2 billion in Q4. That's down more than 29% from $14.56 billion in the year-earlier period. - Insurance underwriting profits dropped 54% to $1.56 billion from $3.41 billion a year prior. Insurance investment income slid nearly 25% from to $3.1 billion from $4.088 billion. - This was the final quarter under Warren Buffett as CEO, who announced he was stepping down at the annual shareholders meeting last May. - Full year overall earnings, meanwhile, fell to $66.97 billion from $89 billion a year prior. - NO Buybacks, bit they still have more that $350B is cash INTERACTIVE BROKERS Check this out and find out more at: http://www.interactivebrokers.com/ Irritating - UBS' top equity strategist dialed back his view on U.S. stocks, citing mounting risks from a weakening dollar, stretched valuations and policy turbulence in Washington. - Andrew Garthwaite, head of global equity strategy at the investment bank, downgraded American equities to “benchmark” in a fully invested global equity portfolio, arguing that the factors that powered years of outperformance are starting to fade. - Market weight - no risk for this guy on the call. Can't lose as will just perform with the benchmark - DUMB Dell Earnings BLOWOUT (Follow up) - Dell reported adjusted earnings of $3.89 per share, exceeding the $3.53 per share expected by analysts surveyed by LSEG. - The company posted $33.38 billion in revenue for the quarter, topping a forecast of $31.73 billion. - Stock up 22% on the news and followed through on Monday - Dell cut quote time to less that a week (prices expire) - Dell expects revenue for its artificial intelligence servers to hit $50 billion in 2027, more than double the year prior. - Much different story from HP that was complaining about input pricing.... Obviously Dell is much smarter at pass-though management of pricing. Jack on the Attack - Financial technology firm Block (XYZ), run by Jack Dorsey began slashing more than 40% of its workforce (4k people) on Thursday, saying in a letter to shareholders that AI tools "have changed what it means to build and run a company." - The AI layoffs came as the Square payment system and Cash App operator matched fourth-quarter earnings estimates, yet Block shares surged after hours. - Evercore ISI analyst Adam Frisch called the layoffs "the seminal moment to date in the AI narrative and how it could transform companies as we know it going forward." - SOOOOOO - AI is responsible for job cuts? ---- SOOOOOO - AI can replace humans and as productivity is enhanced? Duolingo - Duolingo forecast first-quarter and 2026 bookings below expectations on Thursday as it shifts strategy toward faster user growth, a move it said will weigh on bookings growth and profitability this year, sending the company's shares down more 23% after hours last week. - The company plans to roll out more AI-driven speaking tools to free users, reducing friction that previously nudged learners toward paid plans - Poster child of how AI can kill your business? - However, earnings/financials looked pretty good and there is a strategy there that may be beneficial   Love the Show? Then how about a Donation? THE CLOSEST TO THE PIN for CATERPILLAR Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!     FED AND CRYPTO LIMERICKS There is a tech pundit whose name be John, Whose sharp takes went late into dawn. He hit pause for some care, But with grit (and repair), Soon he'll be back oh so steady and strong. See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

Julian Emanuel of Evercore ISI explains how policy headlines are shaping investor positioning and risk appetite. Dan Yergin joins to assess what comes next for oil and LNG as global supply and geopolitics remain in focus. Credit stress remains a major concern. Jeffrey Kivitz of Canyon Partners discusses risks building beneath the surface and how institutional investors are navigating tighter financial conditions. Paul Hickey of Bespoke looks to history to frame what could come next for markets while Sheila Kahyaoglu of Jefferies explores opportunities and risks in the defense sector. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Investors react to latest Fed minutes. Omar Aguilar, CEO of Schwab Asset Management, and David Bahnsen, CIO of The Bahnsen Group, break down what the policy signals mean for equities, positioning and the path forward. DoorDash, Carvana, and Booking Holdings report numbers. Mark Mahaney, Senior Managing Director at Evercore ISI, analyzes those results plus the latest on Meta. Tyler Radke, Co-Head of U.S. Software Equity Research at Citi, on if software has finally found a bottom. MLS Commissioner Don Garber on expectations for growth ahead of the new season—and what the World Cup impact could be. Plus, a look ahead to Walmart's earnings as Corey Tarlowe of Jefferies outlines expectations. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Markets head into a critical earnings stretch. Julian Emanuel of Evercore ISI lays out why the setup may still be favorable for tech as the sector faces its next major test. Michael Ha of Baird on trading health care as insurers post their worst day in years. Seth Goldstein of Morningstar on the Tesla setup ahead of earnings. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Evercore ISI says Cisco (CSCO) is trading at a discount. The firm upgraded the legacy tech company a couple weeks ahead of earnings. Charles Schwab's Rachel Dashiell takes investors through the 90-day and one-year charts to show key levels for investors to keep in mind. ======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – / schwabnetwork Follow us on Facebook – / schwabnetwork Follow us on LinkedIn - / schwab-network About Schwab Network - https://schwabnetwork.com/about

Cisco (CSCO) has a new bull in Evercore ISI after the firm upgraded the stock and boosted its price target. Diane King Hall talks about the tailwinds it sees for the legacy tech company. Applovin (APP) shares rallied after Needham upgraded the stock and posted a price target pointing to significant upside. Diane then explains why Phillip Securities is turning up the volume on its Netflix (NFLX) analysis. ======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – / schwabnetwork Follow us on Facebook – / schwabnetwork Follow us on LinkedIn - / schwab-network About Schwab Network - https://schwabnetwork.com/about

Eamon Javers reports on President Trump's moves and their market implications. Geopolitical deep dive with Evercore ISI vice chairman Krishna Guha, who warns that a potential U.S. seizure of Greenland would represent a geopolitical earthquake for Europe. Earnings from Netflix, Interactive Brokers and United Airlines. Interactive Brokers founder and chairman Thomas Peterffy gives his view of his clients and markets. Morningstar analyst Matthew Dolgin with immediate reaction to Netflix earnings. Wells Fargo Investment Institute head of global market strategy Paul Christopher argues for focusing on “trendlines over headlines,” pointing to rising global bond yields and fiscal concerns abroad as more durable drivers than daily political noise. Steve Liesman on escalating Federal Reserve drama, as Fed Chair Jay Powell prepares to appear at a Supreme Court hearing viewed inside the Fed as an existential test of central bank independence—alongside growing speculation around potential successors and what that uncertainty could mean for markets. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

IBM Corp. (IBM) got a price target hike from Evercore ISI as it and other stock attempt to push back tariff pressure. Charles Schwab's Ben Watson turns to the company's short and long-term chart to explain where bullish momentum can retake control of shares. ======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Commerce Secretary Howard Lutnick discusses the new trade deal between the U.S. and Taiwan. Evercore ISI's Head of Internet Research Mark Mahaney breaks down what it could mean for the hyperscalers.  And what is the impact of the Department of Justice's investigation into Fed Chair Jerome Powell?  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

SoftBank is fronting $4 billion to buy DigitalBridge (DBRG). George Tsilis talks about why the firm is making a 10-digit offer for the digital infrastructure company. Amazon (AMZN) started Monday's session lower even after Evercore ISI labeled the Mag 7 company as a top pick for 2026. George later turns to the housing market and explains why JPMorgan cut its price target for the stock. ======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

The Federal Reserve cut interest rates Wednesday for the third time in a row, but left big questions about any additional rate cuts in the future. The Federal Open Market Committee voted to cut its benchmark rate by a quarter percentage point to between 3.5 and 3.75 percent. Krishna Guha, vice chairman of investment banking firm Evercore ISI, joins Amna Nawaz to discuss the impact. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

Are markets starting to rotate out of tech? Jim Paulsen of Paulsen Perspectives weighs in as investors reassess the rally. On Capitol Hill, Emily Wilkins tracks the latest on the government shutdown. Mark Mahaney of Evercore ISI breaks down gig economy earnings and investor takeaways. Dana Telsey dives into retail and consumer trends. Plus, Kathy Boyle of Andreessen Horowitz joins to discuss the cooling AI trade and OpenAI's leadership drama. Also featuring travel disruptions with Phil LeBeau and a look at next week's catalysts with Adam Crisafulli of Vital Knowledge. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Emily Kircher-Morris welcomes Sumit and Viraj Dhanda, a father-son duo who are working to update and rethink norms around communication, intelligence, and inclusion. Viraj is a nonspeaking autistic student who was diagnosed with autism and apraxia as a young child. Viraj and his father, Sumit, talk about their journey navigating the challenges and misconceptions surrounding non-verbal communication, the impact of apraxia, and the importance of presuming competence. Viraj shares his personal experiences through a communication tool, and tells the story of when he and his father discovered his unique condition. TAKEAWAYS Many non-speakers have apraxia of speech. Potential can be missed when you fail to presume competence in non-speaking people. Typing can be a transformative communication tool for non-speakers. Misconceptions about non-verbal communication can be damaging. Advocacy and persistence can lead to breakthroughs in education. Parents should explore all communication options for their children. Non-speaking people can and do have rich, complex thoughts. Education systems should rethink expectations for non-speakers. Emerging technologies offer hope for non-speaking people. Viraj and Sumit Dhanda are a father-son duo reshaping the conversation around communication, intelligence, and inclusion. Viraj, a nonspeaking autistic student admitted to MIT's Class of 2029, was diagnosed with autism and apraxia in early childhood. Through typing, he broke through profound communication barriers and revealed extraordinary strengths in mathematics, writing, and critical thinking. His poetry and essays offer rare insight into the inner world of nonspeaking autistics and have been featured by The Boston Globe, CBS Evening News, and NPR's Here & Now. Sumit, a finance professional and former executive at Bank of America Merrill Lynch, Citadel Securities, and Evercore ISI, now dedicates much of his time to advocacy and storytelling alongside his son. With a PhD in Electrical Engineering from Stanford and graduate degrees from Dartmouth and BITS Pilani, Sumit brings a unique lens to the conversation. Together, they are co-authoring a memoir that weaves their two perspectives into one powerful narrative—challenging assumptions and expanding what we understand about neurodiversity and human potential. BACKGROUND READING Twitter/X, Instagram, Facebook, LinkedIn If you'd like members of your organization, school district, or company to know more about the subjects discussed on our podcast, Emily Kircher-Morris provides keynote addresses, workshops, and training sessions worldwide, in-person or virtually. You can choose from a list of established presentations, or work with Emily to develop a custom talk to fit your unique situation. To learn more, visit our website. The Neurodiversity Podcast is on Facebook, Instagram, BlueSky, and you're invited to join our Facebook Group.

When the bell rings, investors buy — Steve Sosnick of Interactive Brokers explains why markets still behave like Pavlov's dog. With major earnings rolling in, Mark Mahaney of Evercore ISI breaks down Netflix results, and Bill Browder of Hermitage Capital discusses if markets are mispricing geopolitical risk. Alan Trefler, CEO of Pega Systems, shares insights from the software front, and Seth Goldstein of Morningstar Research looks ahead to Tesla earnings and what they'll reveal about the state of innovation and risk-taking in today's market. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Markets showed green arrows to start Friday's session, though Levi Strauss (LEVI) is being left out of the rally following its earnings and updated guidance. Diane King Hall explains why investors are trimming exposure to the clothing retailer. There are bright spots for tech, with Evercore ISI raising its price target on Oracle (ORCL), while B. Riley boosted its target for Applied Materials (AMAT).======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Samsara (IOT) offers tech for automation industries, and George Tsilis notes the company is a rising player in the software space. It's also been around for decades but becoming a name catching analyst attention through an Evercore ISI upgrade. George talks about the A.I. tailwinds that support Samara, though it faces financial headwinds ahead.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Does this record rally have any more room to run? We discuss with Truist Wealth's Keith Lerner and Empower Investments' Marta Norton. Plus,  Evercore ISI's Mark Mahaney says he sees 20% upside ahead for Netflix. He explains why. And, Former Dallas Fed President Rich Fisher reacts to Chair Powell's speech today.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We are back with the latest Going Public with Evercore's Glenn Schorr.On this episode of Going Public, we unpack the rollercoaster of the past few months in private markets for alternative asset managers. Private markets is much more than private equity — and this episode dives into nuances of specific strategies and what it means for alternative asset managers' businesses.We discussed:Will the exit environment for private equity improve?Are animal spirits back in markets — and what does it mean for exits?Why and how private markets is more than private equity and private real estate.Why the wealth channel has been a contributor to alternative asset manager growth.How are banks responding to the expanding reach of private credit?Why private real estate could be a compelling category going forward, with 90%+ of real estate being privately owned.Making private markets more public — with expert analysisAlt Goes Mainstream has partnered with an expert who has seen the evolution of alternative asset managers from their early days.Glenn Schorr is a Senior MD and Senior Research Analyst at Evercore ISI, where he covers brokers, banks, asset managers, and trust banks as an analyst. He has covered financials since 2000 and started coverage of alternative asset managers when the first firms went public.He's consistently come up as one of the most thoughtful and well-respected analysts in the space. He balances deep research with a creative flair (just read one of the titles of his research reports and you can see his love of the game). He's been named to Institutional Investor's All-America Research Team for his coverage, most recently ranking #2 and runner up in 2023, #1 and #2 in 2022. Prior to Evercore, Glenn was a Senior MD at Nomura, serving as the lead financials analyst. Listen in as Glenn shares market stories, the evolution of alternative asset managers as businesses, the biggest and most exciting trends in private markets based on what the industry's largest players are doing, and we go “around the horn” for his analysis on the publicly traded firms. Show Notes00:00 Introduction and Countdown00:15 Introduction to Alt Goes Mainstream00:48 Meet Glenn Schorr: Wall Street Analyst02:08 Market Trends and Earnings Season02:15 Impact of Tariffs and Market Activity03:20 M&A and IPO Activity03:35 Private Equity and Market Dynamics04:34 Optimism in the Market06:11 Fundraising and Stock Prices06:52 Private Credit and Infrastructure08:31 Scale and Diversification10:19 Perpetual Capital and Investor Mindset13:51 Mega Trends and Long-Term Investments15:50 Real Estate and Market Cycles17:14 Long-Term View on Asset Managers20:04 Fee Structures and Performance24:15 Wealth Channel and Operational Challenges26:17 Institutional vs. Retail Investors28:41 Public vs. Private Markets31:01 Ceiling on Capital Raising31:42 Stewardship and Capacity Management33:03 Private Credit Market33:27 Direct Lending Market33:43 Competitive Banking Landscape33:55 Current State of Direct Lending34:22 Private Credit Market Expansion34:52 Investment Grade Private Credit36:19 Banks vs. Private Credit37:39 Banks' Adaptation Strategies38:53 Private Credit Market Size41:01 Insurance and Private Markets41:44 Apollo's Insurance Strategy43:45 Insurance Balance Sheet Power44:32 Insurance and Wealth Channels44:54 Private Wealth Return Hurdles46:47 Product Innovation in Private Markets47:00 Alternative Asset Managers' Strategies49:43 Wealth Channel Product Choices50:39 Approval Process for Wealth Platforms52:29 Third-Party Evaluators in Private Markets53:28 Convergence of RIAs and Investment Consultants54:15 Distribution Strategies for Asset Managers55:39 Servicing and Education in Private Markets56:16 Segmenting the Wealth Channel56:43 Morgan Stanley's Advisor Strategies57:45 Notable Developments in Private Markets59:19 Optimism in Financial Markets01:00:39 Concluding Thoughts and Future OutlookEditing and post-production work for this episode was provided by The Podcast Consultant.Company Coverage and DisclosuresEvercore ISIGlenn Schorr| Ticker | Company | AAMI | Acadian Asset Management | APO | Apollo Global Management, Inc. | BAC | Bank of America Corporation |   | Glenn Schorr holds a long position in equity securities of Bank of America Corporation.| BK | Bank of New York Mellon Corp. |   | Bank of New York Mellon Corp. is a client of Evercore LLC, and Evercore LLC has provided investment banking services to Bank of New York Mellon Corp. in the last 12 months. |   | Evercore ISI or an affiliate has received compensation from Bank of New York Mellon Corp. for investment banking services in the last 12 months. |   | Glenn Schorr holds a long position in equity securities of Bank of New York Mellon Corp.| BLK | BlackRock, Inc. |   | BlackRock, Inc. is a client of Evercore LLC, and Evercore LLC has provided investment banking services to  BlackRock, Inc. in the last 12 months. |   | Evercore ISI or an affiliate expects to receive or intends to seek compensation for investment banking services from BlackRock, Inc. within the next three months. |   | Glenn Schorr holds a long position in equity securities of Blackrock Inc.| BX | Blackstone, Inc. |   | Blackstone, Inc. is a client of Evercore LLC, and Evercore LLC has provided investment banking services to Blackstone, Inc. in the last 12 months. |   | Evercore ISI or an affiliate expects to receive or intends to seek compensation for investment banking services from  Blackstone, Inc. within the next three months. |   | An employee, employee's immediate family member, director or consultant of Evercore ISI or one of its affiliates (but not the covering research analyst or a member of the covering research analyst's household)is an officer, director or advisory board member of Blackstone, Inc.. |   | Evercore ISI or an affiliate has received compensation from Blackstone, Inc. for investment banking services in the last 12 months. |   | Analyst has a financial interest in a private equity fund managed by Blackstone, Inc.. |   | Glenn Schorr holds a long position in equity securities of Blackstone, Inc. |   | A member of Benjamin Rubin's household holds a long position in equity securities of Blackstone, Inc. | OWL | Blue Owl Capital, Inc | C | ...

Should you continue to lean into this record-setting rally? Morgan Stanley's Sherry Paul, JP Morgan's Meera Pandit and HSBC's Max Kettner give their takes. Plus, Evercore ISI's Julian Emanuel tells us how he is navigating the AI space right now. And, we break down YouTube's big bet on the NFL.

Evercore ISI added Target (TGT) to its "tactical outperform" list after the retail giant's stock has been beaten down over the last year. As Jenny Horne notes, the firm also moved Lowe's (LOW) to its "tactical underperform" list. She explains why Evercore made the adjustments ahead of both companies' earnings. On the A.I. front, Jenny weighs in on reports of Meta Platforms' (META) fourth A.I. division restructure in the last six months. It comes as the social media conglomerate closes in on a $2 trillion market cap.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

This episode of Fill the Gap features Rich Ross, CMT, Senior Managing Director and Head of Technical Analysis at Evercore ISI. We discuss Rich's career path from Nasdaq market maker to award-winning technician, highlighting his philosophy of making complex concepts simple and practical for investors.Rich Ross, CMT emphasizes that markets operate on probabilities, not certainties. His process focuses on price action, candlesticks, moving averages, and relative strength, with a trend-following bias but flexibility for tactical opportunities. He notes today's markets are increasingly influenced by passive flows, quants, and algos, making adaptability essential.Fill the Gap, hosted by David Lundgren, CMT, CFA and Tyler Wood, CMT brings veteran market analysts and money managers onto a monthly podcast. For complete show notes of every episode, visit: https://cmtassociation.org/development/podcasts/ Give us a shout:@dlundgren3333 or https://www.linkedin.com/in/david-lundgren-cmt-cfa-63b73b/@_TBone_Pickens or https://www.linkedin.com/in/tyler-wood-cmt-b8b0902/@CMTAssociation orhttps://www.linkedin.com/company/cmtassociationCMT Association is the global credentialing authority committed to advancing the discipline of technical analysis in the financial services industry. We serve members in over 137 countries. Our mission is to elevate investors mastery and skill in mitigating market risk and maximizing return in capital markets through a rigorous credentialing process, professional ethics, and continuous education. CMT Association formed in the late 1960s with headquarters in lower Manhattan, NY and Mumbai, India.Learn more at: www.cmtassociation.org

Tech investors anxiously awaiting results from Apple and Amazon in Overtime. We discuss what to watch with an all-star panel including Requisite Capital's Bryn Talkington, Odyssey Capital's Jason Snipe. Big Technology's Alex Kantrowitz and Mark Mahaney from Evercore ISI. Plus, JP Morgan Private Bank's Abby Yoder maps out where she sees the rally headed. And, Andrew Ross Sorkin joins Mike Santoli to discuss Figma's market debut. 

JPMorgan became Nike's (NKE) newest bull. Sam Vadas talks about the "multi-year recovery" the firm sees and how it signals a shift in retailer views after weathering tariff uncertainty. Texas Instruments (TXN) also got an upgrade from Wolfe Research, believing the company is "well positioned" to benefit from a cyclical recovery. Not all tech got favorability Monday morning, with Sam explaining Evercore ISI's downgrade on Cisco (CSCO).======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Netflix earnings with on-the-spot insight from Evercore ISI's Mark Mahaney, plus a look ahead to the company's ad future with DoubleVerify CEO Mark Zagorski. Vital Knowledge's Adam Crisafulli and Unlimited CEO Bob Elliott weigh in on the broader market tone. Interactive Brokers founder Thomas Peterffy on his company's momentum and the retail participant in the current rally. 

Evercore ISI issued a new Street-high price target of $315 for IBM Corp. (IBM) on expectations of strong EPS outlook fueled by its A.I. and quantum computing prospects. Marley Kayden notes the company's prior earnings report as strong overall but warns against some concerns in current macroeconomic conditions. Despite that, Marley says its latest developments surrounding IBM put it "back in the conversation."======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Krishna Guha of Evercore ISI and Bob Elliott of Unlimited assess the market landscape amid rising geopolitical risk. Helima Croft of RBC Capital Markets and our Pippa Stevens discuss oil's spike. Atlantic Council CEO Fred Kempe weighs in on U.S.–Iran implications and potential offramps. Plus: Ivy Zelman of Zelman & Associates on housing stocks—and what's next for builders.

Evercore ISI's Julian Emanuel joins to lay out what's driving markets. As U.S.–China trade talks resume in London, Michael Froman, former U.S. Trade Rep and now with the Council on Foreign Relations, weighs in on what's at stake. Our Eunice Yoon explores China's EV market on the ground. Plus, Apple's WWDC with CNBC's Steve Kovach and Maxim Group's Tom Forte. Robinhood CEO Vlad Tenev details his White House visit and the progress of Trump accounts. Aon CEO Greg Case on the company's investor day, promise of AI and global volatility. 

Signet Jewelers (SIG) rallied 10% after posting an earnings beat. Diane King Hall talks about the numbers catching investor interest and discusses ways the company is battling tariff uncertainty. Pinterest (PINS) saw some gains after the social media company got an upgrade from JPMorgan. Block (XYZ) got its own upgrade from Evercore ISI.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

HP Enterprise (HPE) received an upgrade from Evercore ISI. Ben Watson looks at the chart patterns forming over short & long-term durations. Evercore ISI raised its price target on HPE to $22 from $17, which Ben demonstrates has been a significant range for shares over the last year.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Uber Technologies (UBER) hit a new all-time high after JPMorgan boosted its price target on the ride-share company. HP Enterprise (HPE) got bullish momentum from Evercore ISI with an upgrade to outperform from in line. However, MongoDB (MDB) faced pressure after a downgrade from Loop Capital. Diane King Hall takes a deeper dive into the stories driving this morning's market movers. ======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

MRKT Matrix - Monday, May 12th Dow surges more than 1,100 points after China and U.S. agree to temporary tariff cuts (CNBC) Treasury Secretary Bessent says he's likely to meet with China again in ‘next few weeks' to work on bigger agreement (CNBC) Expect China to help Trump on fentanyl, TikTok and midterm elections, says Evercore ISI strategist (CNBC) Traders See Fed Cutting Rates Just Twice in 2025 on Cooling Trade War (Bloomberg) Trump Wants Medicare to Pay Less Than Foreign Countries for Drugs  (Bloomberg) Rest of Year Isn't Looking Good for Retail-Property Market (WSJ) Apple Considers Raising iPhone Prices, Without Blaming Tariffs (WSJ) Perplexity AI wrapping talks to raise $500 million at $14 billion valuation (CNBC) SoftBank Stargate Venture With OpenAI Hits Snags on Tariff Fears (⁠Bloomberg⁠) --- Subscribe to our newsletter: ⁠https://riskreversalmedia.beehiiv.com/subscribe⁠ MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs

On a pivotal day for Wall Street, Julian Emanuel of Evercore ISI joins to break down what he's buying as the market rallies on trade talk optimism with China. Marko Papic, Chief Strategist at BCA Research, weighs in the geopolitical environment, followed by NEC Director Kevin Hassett on how negotiations are going with China and other countries, as well as budget talks and President Trump's executive order on pharma.Steve Sosnick, Chief Strategist at Interactive Brokers, analyzes the afternoon rally. 

Pope Francis, the Argentine Jesuit and Roman Catholic pontiff, has died at age 88. Joe Kernen, Becky Quick, and Andrew Ross Sorkin reflect on his impact on the business community, and Andrew recalls his interview with the Pope just before the Covid-19 pandemic. President Donald Trump intensified his criticism of Federal Reserve Chairman Jerome Powell, calling him a “major loser” and warning of a potential economic slowdown if interest rates are not lowered immediately. Krishna Guha, Evercore ISI vice chairman, weighs in on the possibility of Powell's removal, the independence of the central bank, and the potential market implications. Then, CNBC's Steve Liesman and Chicago Fed President Austan Goolsbee discuss the state of the economy, the Fed's inflation strategy, and the impact of the Trump administration's tariff policy on the economy. Krishna Guha - 16:58Austan Goolsbee - 27:12 In this episode:Austan Goolsbee, @Austan_GoolsbeeSteve Liesman, @steveliesmanBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY

MRKT Matrix - Monday, April 21st Dow drops 950 points as Trump again attacks Powell and sows investor doubt (CNBC) Trump ramps up attacks on Powell, demands ‘loser' Fed chair lower rates ‘NOW' (CNBC) Expect a ‘severe' market reaction if Trump tries to fire Powell, says Evercore ISI's Krishna Guha (CNBC) First Shockwaves of Trump's Tariffs Are About to Hit the World Economy (Bloomberg) The U.S. will ‘absolutely' have a recession in 2025 if high tariffs stay, Apollo's Slok says (CNBC) China vows retaliation against countries that follow U.S. calls to isolate Beijing (CNBC) Tesla Bull Ives Warns of ‘Code Red' If Musk Sticks With DOGE (Bloomberg) Huawei readies new AI chip for mass shipment as China seeks Nvidia alternatives, sources say (Reuters) --- Subscribe to our newsletter: https://riskreversalmedia.beehiiv.com/subscribe MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs

Malcolm Ethridge of Capital Area Planning Group and Barbara Doran of BD8 Capital Partners break down the shortened-week's market action. Mark Mahaney of Evercore ISI offers a Wall Street rapid reaction perspective on Netflix, followed by broader entertainment industry insights from Ben Silverman, Propagate Content Chairman and former NBC Entertainment Co-Chairman. Former acting White House Chief of Staff Mick Mulvaney talks the President's relationship with Fed Chair Jerome Powell. Huntington Bancshares CEO Stephen Steinour joins to discuss earnings, the consumer, and more. Mizuho's Jared Holz breaks down major moves in the health care sector. 

Adam Crisafulli of Vital Knowledge and Jeffrey Kleintop of Charles Schwab break down the market action today as investors brace for a key week of earnings and macro headlines. Results from United Airlines, Interactive Brokers, and JB Hunt are in focus. Interactive Brokers Founder and Chairman Thomas Peterffy joins to discuss his company's quarter and how retail clients are positioned after the last two weeks of high volatility. Mohamed El-Erian of Allianz offers perspective on the market backdrop and policy landscape. Later, Julian Emanuel of Evercore ISI outlines stock positioning into earnings, while Charles Dallara weighs in on the evolving tariff outlook. The show wraps with Conor Cunningham of Melius Research breaking down United's performance and outlook.

The major averages posted their best weeks in over a year, despite some major down days, after Wednesday's historic rally. Bob Elliott of Unlimited and Charlie Bobrinskoy of Ariel Investments discuss the day's equity action and investor positioning. Our Leslie Picker reports on developments in the banking sector. Krishna Guha of Evercore ISI joins to break down the Fed outlook, recession odds, and how tariffs and recent data are factoring into macro policy expectations. Angelo Zino of CFRA shares his view on Apple—and why he just raised his odds that the company gets a tariffs exemption. Bill Perkins of Skylar Capital weighs in on the latest moves in the energy complex. Our Diana Olick explains how China's involvement in U.S. mortgage-backed securities could ripple through housing markets. 

In this episode, Evercore ISI's Marc Harris, Sarah Bianchi, Krishna Guha and Julian Emanuel discuss the evolving tariff landscape and its potential impact across markets, trade flows, and sectors.Marc Harris – Senior Managing Director, Director of ResearchSarah Bianchi – Senior Managing Director Krishna Guha – Senior Managing Director, Vice Chairman of EquitiesJulian Emanuel – Senior Managing Director© Evercore Inc. 2025 All rights reserved.The material contained herein is intended as a general market and/or economic commentary and is not intended to constitute financial, legal, tax, accounting or investment advice. The information contained in this podcast does not constitute an offer to buy or sell securities from any Evercore entity to the listener and should not be relied upon to evaluate any potential transaction. The information contained in this recording was obtained from publicly available sources, has not been independently verified by Evercore, may not be current, and Evercore has no obligation to provide any updates or changes. This podcast is not a product of Evercore Investment Research and the information contained in this podcast is not financial research. The views and opinions expressed in this podcast are not necessarily those of Evercore and may differ from the views and opinions of other departments or divisions of Evercore and its affiliates. In addition, the receipt of this podcast by any listener is not to be taken to constitute such person a client of any Evercore entity. Neither Evercore nor any of its affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed.

Dan Nathan welcomes Mark Mahaney, Senior Managing Director and Head of Internet Research at Evercore ISI, back to the RiskReversal Podcast. They discuss major shifts in the stock market, comparing today's landscape with the dot-com bubble of 2000. Key topics include recent significant corrections in major tech stocks like Meta, Netflix, and Google, and the long-term investment opportunities these dislocations might present. Mark shares his investment strategy focusing on high-quality companies, the evolving internet landscape, and regulatory impacts on tech giants. The conversation also touches on the future of tech investments, the role of capital expenditures, and Uber's potential in the autonomous vehicle market. — FOLLOW US YouTube: @RiskReversalMedia Instagram: @riskreversalmedia Twitter: @RiskReversal LinkedIn: RiskReversal Media

But trucking and rail stocks aren't all good deals. Jonathan Chappell from Evercore ISI explains. Jack and Jackson talk inflation, the stock market, and mechanical bull pricing. Learn more about your ad choices. Visit megaphone.fm/adchoices