Podcasts about fomc

Kevin Green kicks off Friday's premarket coverage with his eyes on the AI cycle seeing shifts from infrastructure investments to real-world use cases and solutions. He discusses September seasonality trends and what investors need to know. KG says we may be back to “bad news is good news” on labor data as investors await the FOMC decision. Later, KG provides his takeaways from Marvell (MRVL) and Dell (DELL) earnings.======== 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

On today's podcast: 1) A leading candidate to replace Jay Powell as Fed Chair sees a quarter point rate cut in September. Federal Reserve Governor Christopher Waller called for lower interest rates, saying he would support a reduction in September. Waller anticipates additional cuts over the next three to six months, with the pace driven by incoming data. Waller said the chances of an undesirable weakening in the labor market have increased, and proper risk management means the FOMC should be cutting the policy rate now.2) President Trump's bid to fire Fed Governor Lisa Cook is headed for a showdown in court. Federal Housing Finance Agency Director Bill Pulte sent a new criminal referral against Federal Reserve Governor Lisa Cook over allegations of mortgage fraud. Cook is seeking to block President Trump's move to fire her, filing a lawsuit that labels the president's bid to oust her as “illegal” and casting it as a bid to seize control of the Fed.3) Robert F. Kennedy Jr. names his top deputy to replace the fired head of the CDC. The Trump administration is tapping Jim O'Neill as the acting director of the Centers for Disease Control and Prevention. The move follows the firing of Susan Monarez, who was ousted after a confrontation with Health and Human Services Secretary Robert F. Kennedy Jr. over vaccine policy. Kennedy said in a message to CDC staff that he and President Trump are aligned on a vision for the CDC to strengthen the public health infrastructure by returning to its core mission.See omnystudio.com/listener for privacy information.

Stephanie Pomboy returned this morning for her biweekly macro session on Thoughtful Money.We discussed her views on Fed rate cuts, inflation, credit spreads, the weakening consumer, recession risk, the housing market, her outlook for the US dollar…even the Taylor Swift/Travis Kelce engagement.Stephanie is eagerly awaiting next month's FOMC decision, as she thinks it has potential to be the event that punctures the market's current blind optimism — if the Fed starts cutting its policy rate but bond yields don't come down as hoped.What does she expect to happen if they don't?Find out by watching this video.And follow Stephanie at https://macromavens.com/Or on X at @spomboyLOCK IN THE EARLY BIRD PRICE DISCOUNT FOR THE THOUGHTFUL MONEY FALL CONFERENCE AT https://thoughtfulmoney.com/conference#federalreserve #inflation #marketcorrection 0:01 - Fed drama: Powell's Jackson Hole speech, staffing changes, and structural debates2:30 - Importance of Fed actions for financial markets and market mispricing8:15 - Potential triggers for bond yield declines: short squeeze or safety trade14:49 - Fed intervention risks: QE or operation twist amid economic slowdown20:05 - Investment strategy: Gold and energy as hedges against dollar debasement 9:03 - Inflation outlook: Disinflation expected due to consumer distress36:04 - Corporate margin squeeze and potential job losses41:41 - Why credit spreads remain tight despite economic risks48:30 - Housing market distress: High cancellations, cash-outs, and oversupply55:00 - Boomer aging and housing market headwinds58:13 - Thoughtful Money Fall Conference teaser, October 18th58:59 - Dollar outlook: Short-term strength, long-term decline vs. gold1:01:04 - Taylor Swift engagement's negligible economic impact1:03:30 - Where to follow Stephanie Pomboy's work_____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2025 Thoughtful Money LLC. All rights reserved.

Send us a textIn this emergency episode of The Skinny on Wall Street, Kristen and Jen dive into the breaking news that President Trump has moved to fire Federal Reserve Governor Lisa Cook over accusations of mortgage fraud. Using this moment as a springboard, they break down the fundamentals of how the Fed works, why its independence is so important, and how politics intersects with monetary policy.The discussion covers the structure of the Federal Reserve System, the difference between Governors and Presidents, and how the powerful Federal Open Market Committee (FOMC) sets interest rates. Kristen and Jen also explain the Fed funds rate, the dot plot, and the toolkit the central bank uses to manage short-term and long-term rates.Finally, they unpack the risks of political interference in the Fed, why central bank credibility rests as much on perception as on reality, and what this unprecedented move could mean for the future of U.S. monetary policy. Equal parts explainer and commentary, this episode is a must-listen for anyone trying to make sense of the headlines, and the institution at the heart of America's financial system.00:00 – Intro & why we're doing an emergency Fed episode 02:15 – What is the Federal Reserve? 06:10 – Governors vs. Presidents: who does what? 11:45 – How the FOMC is structured and how voting works 16:30 – Fed appointments: who nominates and who confirms 21:15 – Why central bank independence matters 27:50 – The Fed's dual mandate explained 32:40 – How the Fed funds rate is set (and why it's a range) 40:20 – Tools in the Fed's toolkit: reserves, repos, and QE/QT 48:30 – Short-term vs. long-term rates and the yield curve 55:00 – Politics, perception, and the risks of interference 1:02:15 – Lisa Cook, Trump, and the “for cause” firing question 1:12:00 – The dot plot: what it is and why it matters 1:19:30 – Closing thoughts: independence, expectations, and the Fed's futureFor a 14 day FREE Trial of Macabacus, click HERE For 20% off Deleteme, use the code TWSS or click the link HERE! Our Investment Banking and Private Equity Foundations course is LIVEnow with our M&A course included! Shop our LIBRARY of Self Paced Online Courses HEREJoin the Fixed Income Sales and Trading waitlist HERE Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Charles Schwab's Mike Townsend don't see headlines around Fed independence leaving anytime soon. He sees President Trump's "unprecedented" move to fire Fed governor Lisa Cook only adding controversy around the FOMC, as Congress needs to weigh on who will fill an already empty seat. Mike talks about how both situations can affect the Fed's rate cutting cycle, including expectations for September. Another complication comes in the form of a pending government shutdown as the divide between Democrats and Republicans widen.======== 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

Peter Andersen argues that the Fed needs to ignore "enormous" pressure to cut interest rates. He explains that more economic data has to hit the wire before the FOMC issues a green light to cut. On A.I., Peter calls the technology a "double-edged sword" which offers upsides to efficiency, but adds that it will also be used by "bad actors." However, Peter notes it will help cybersecurity companies like Palo Alto Networks (PANW).======== 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

Federal Reserve Chair Jerome Powell struck a dovish surprise at the annual get together of central bankers in Jackson Hole, Wyoming last week. Has this effectively guaranteed a September rate cut from the FOMC? And what do fears over Fed independence mean for the US dollar?Our analysts also dissect the latest encouraging business activity PMI figures out of the Euro Area, and break down the implications of last week's worrisome UK inflation figures for both the pound and Bank of England interest rates.We'd like to hear from you! Provide us with feedback so we can improve the podcast: https://linktr.ee/fxtalk Liked this show? Please leave us a review here – even one sentence helps!

Suddenly, the Federal Reserve is filled with more drama and curveballs than a World Series tiebreaker.The betting markets are abuzz debating who President Trump will replace current Chair Jerome Powell with. A surprise resignation from Fed governor and FOMC voting member Adriana Kugler has added Trump loyalist Stephen Mirran into the Inner Circle. And another FOMC voting member, governor Lisa Cook is now in the crosshairs due to a purported mortgage fraud scandal, and is at risk of being replaced.On top of all that, Jerome Powell gave a significant indication in his speech at Jackson Hole last week that rate cuts are indeed coming ahead, likely starting next month -- due to rising concerns at the Fed that the economy, labor force and housing market are weaker than it previously appreciated.To make sense of all this for us and the likely implications, we're fortunate to welcome back to the program Danielle DiMartino Booth, CEO & Chief Strategist for QI Research LLC and author of the book "Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America"Subscribe to Danielle on Substack at http://dimartinobooth.substack.com/LOCK IN THE EARLY BIRD PRICE DISCOUNT FOR THE THOUGHTFUL MONEY FALL CONFERENCE AT https://thoughtfulmoney.com/conference#federalreserve #recession #interestrates _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2025 Thoughtful Money LLC. All rights reserved.

Andreas Steno and Mikkel Rosenvold of Steno Research are back to break down the fallout from Fed Chair Jerome Powell's Jackson Hole press conference, Trump's attacks on Fed Governor Lisa Cook, and the growing political pressure on the FOMC. They also dive into U.S. equity flows, crypto volatility, China's stock rally, and why investors may be underestimating America's rebound.

Ed Yardeni was "surprised" by Wall Street's reaction to Fed chair Jerome Powell's Jackson Hole speech on Friday. He points out inflation and jobs prints ahead between now and September's FOMC meeting that can reverse course on Powell's dovish commentary. That said, Ed believes the economy remains in good shape which will set the course for a continuing market melt-up.======== 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

Jay Powell vs. Ronald McDonald? The FOMC yesterday published the minutes of its July meeting which showed a majority of officials believe inflation is the country's greatest threat. So, it was a huge shock when the world's biggest fast-food joint reported - ON THE SAME DAY - it was doing the opposite. Even the FOMC "majority" isn't as solid as it is made to appear, as the minutes also contained one observation that really does align with these real economy facts. Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here here: monetary-metals.com/snider----------------------------------------------------------------------------------------------------------FOMC Minutes for July 2025https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20250730.pdfFox Business McDonald's to slash combo meal prices to win back budget-conscious shoppershttps://www.foxbusiness.com/lifestyle/mcdonalds-slash-combo-meal-prices-win-back-budget-conscious-shoppersCNN McDonald's is cutting prices of its combo meals to convince customers it's affordable againhttps://www.cnn.com/2025/08/20/food/mcdonalds-combo-lower-pricesBloomberg Fed Chair Contender Bullard Backs 100 Basis Points of 2025 Cutshttps://www.bloomberg.com/news/articles/2025-08-21/fed-chair-contender-bullard-backs-100-basis-points-of-2025-cutsBloomberg US Stocks Extend Slide as Walmart Misses, Jobless Claims Risehttps://www.bloomberg.com/news/articles/2025-08-21/us-equity-futures-fall-as-walmart-misses-jobless-claims-risehttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Eric Criscuolo, Market Strategist for the NYSE, breaks down a week dominated by anticipation for Fed Chair Powell's Jackson Hole speech. He highlights muted market action early in the week, followed by a sharp rotation out of mega-cap tech, AI, and crypto-related equities into lagging sectors. He notes that FOMC minutes showed broad support for holding rates steady, though market odds of a September cut remain elevated after controversial jobs data. Retail earnings, including Walmart, underscored ongoing consumer pressures but failed to shift the broader narrative. Looking ahead, Powell's speech, July PCE inflation data, and Nvidia's earnings will be the key catalysts driving markets into September.

Markets rallied on Fed chair Jerome Powell's commentary at Jackson Hole, especially when he indicated potential changes in how the FOMC looks at its policy stance after indicating downside employment risks. Nicole Petallides, Sam Vadas and George Tsilis discuss what Powell's words mean for Wall Street and the moves seen in stocks and bonds.======== 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

Charles Schwab's Cooper Howard joins public consensus that Jerome Powell's Jackson Hole speech "opened the door" to a September rate cut. The main question moving forward is how the FOMC will tackle its dual mandate. With the Fed's focus inching toward labor, Cooper believes the U.S. will see 50bps worth of interest rate cuts for the remainder of 2025. That said, with economic uncertainty persisting, he argues that can change quickly depending on how upcoming inflation and labor prints come in.======== 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

Pooja Tanna from Perpetua Investment Managers: As Jackson Hole gets underway, will the side-room discussions be dominated by central bank independence? And looking ahead to the next FOMC and MPC rate decisions – are we likely to see a cut, a hold, or a hike? Keith McLachlan from Element Investment Managers on Spur's strong results and the key lessons as they surpassed the once-favoured Famous Brands. Simon shares his thoughts on car insurance – it's hugely important, but how can we bring the costs down?

The European Union is inching toward a trade deal with the United States with a 15% price tag on tariffs. Kevin Hincks talks about the bright spot it offers in the one of the most intensive ongoing discussions. Meanwhile, China is pinning pressure on Nvidia (NVDA) on reports that it is restricting sales of its H20 A.I. chip. Kevin later turns to Jackson Hole as the symposium starts to get underway. He talks about why investors are getting "jittery" around the meeting and the FOMC's interest rate cycle.======== 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

June 2025 saw the highest M2 levels ever, something Rebecca Walser considers an economic alarm. She gives an extensive explanation into rising debt and stock valuations creeping higher as major headwinds for the Fed's interest rate cutting cycle. As the Trump administration pressures the FOMC to cut rates, Rebecca sees accelerated cuts backfiring against consumers. ======== 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

Joe Mazzola of Charles Schwab talks about the "broadening out of weakness" seen in Thursday's trading session. It comes ahead of Fed chair Jerome Powell's highly anticipated speech at Jackson Hole. As the FOMC balances inflation and jobs prints, Joe doesn't see Powell giving many hints toward an immediate direction of action during his speech. Michelle Gibley says it's not just Jerome Powell and Jackson Hole investors should pay attention to. The Bank of Japan will capture attention of international investors, as she explains how rate changes, or lack thereof, affect inflation abroad.======== 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

U.S. tech stocks are under pressure for a second consecutive day as investors question the staying power of the A.I.-fuelled rally seen across the sector this year. Ahead of the Federal Reserve symposium at Jackson Hole, President Trump demands the resignation of Fed governor Lisa Cook over accusations of mortgage fraud. New data from FOMC minutes show members' division over the Fed's inflation and employment market forecast.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Yesterday we had the pleasure of hosting Dr. Michael Crow, President of Arizona State University. On Monday, we spent the day in Phoenix with Dr. Crow and his team, learning how ASU has been rethinking and reshaping the traditional university model to better reflect today's fast-paced, high-tech world. The changes we saw are significant. Michael and his team are bringing innovation and disruption to a space long associated with tradition and stability. We loved the day and were delighted to have Dr. Crow join us for COBT.Before joining ASU as President in 2002, Dr. Crow served as Executive Vice Provost at Columbia University. His book Designing the New American University (2015) outlines the philosophical ideas he shared with us. At Veriten, we think of ourselves as an energy “knowledge platform,” so it was inspiring to talk with Dr. Crow about how to redesign the world's “knowledge machines”— our universities. As you'll hear in the discussion, ASU today is the nation's largest university, with nearly 180,000 students enrolled across itheir in-person and virtual platforms.Our conversation covered a wide range of issues, opportunities, and new ideas shaping higher education. Since 2002, Dr. Crow and his team have worked to transform ASU's culture and philosophical approach, putting student learning and advancement back at the center of everything. We discuss how technology adoption has played a role, how Arizona shaped the outcome, how ASU expanded beyond state borders, and how the university's unique approach to funding has enabled growth. Most importantly, you'll hear how ASU embraces a customer-centric, partnership-driven mindset that is pushing both direction and outcomes. Many institutions talk about changing the world—at ASU, they are attempting to do so at scale. Through new teaching technologies and methods, they are exporting their approach to other universities as well. In a time when elite institutions are often criticized for stagnation, Dr. Crow's vision is a refreshing reminder of the art of the possible.Turning to markets: Mike Bradley began by noting that the 10-year bond yield (4.3%) remains in a very narrow trading range. Even with last week's hotter-than-expected PPI report, markets still overwhelmingly expect the Fed to cut rates by 25 basis points at the September 17th FOMC meeting. He also highlighted that markets will be laser-focused on Chairman Powell's Jackson Hole speech this Friday, a venue often used for key policy announcements on inflation and employment—so expect some volatility later this week and into next. On equities, Mike noted that the S&P 500 hit another all-time high last week but is pulling back this week on a modest (2–3%) decline in the Tech sector. NVIDIA and a few large retailers are the last S&P names left to report Q2 results; after that, markets will likely be more driven by global events than earnings. On crude oil, WTI continues to drift lower (~$62.50/bbl) amid hopes of a Russia–Ukraine peace deal. Finally, Mike highlighted the all-stock merger between Black Hills Corp and Northwestern Energy Group, creating a $15+ billion regulated electric and natural gas utility. We hope you find today's discussion as insightful and engaging as we did. Our best to you all!

S&P Futures are trading lower this morning as tech shares remain weak. Yesterday we saw a rotation out of tech and into cyclical and value-oriented stocks. In the pre-market EL, TGT & LZB are lower after earnings releases, FUTU and Keys are higher. This afternoon the Fed will be releasing the meeting minutes from July Fed meeting and traders will be closely examining the minutes to see if any FOMC members, beyond Governor Bowman and Governor Waller, indicated support for a potential rate cut in upcoming meetings. Hertz announced that it will sell used vehicle online through Amazon. Tomorrow morning earnings results are due out from WMT, BILI & YMM.

Walmart (WMT) reports earnings before the opening bell Thursday morning, and Sam Vadas says everyone will be reading through the company's growth story. She believes the Fed will use Walmart's shopping trends as a way to measure inflation impacts, and its outlook to determine consumer confidence. Sam also urges investors to look for tariff impacts after President Trump previously suggested Walmart and similar companies "eat" tariffs. StocksToTrade's Tim Bohen says he "loves" the company's stock and why he's leaning favorably into it ahead of earnings.======== 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

Ben Emons discusses dissent within the Fed ahead of the latest FOMC minutes release. He believes there's room to cut rates and thinks the market might be more volatile into the September decision. He thinks they should cut rates by 50 bps then to “give the economy the necessary boost.” He says it's possible Fed Chair Jerome Powell will shock markets with his speech this week. Ben also discusses the AI trade and how tech is supporting the market.======== 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

Target (TGT) sold off after showing blemishes in the retail space, something Kevin Hincks is watching closely to see how it can affect upcoming earnings for Walmart (WMT). There's also a slew of other information set to hit the markets, from the FOMC July meeting minutes, to commentary from Jackson Hole as officials begin to arrive for the symposium. Kevin gives his take on the U.S. buying into companies like Intel (INTC) and what it means for investor confidence.======== 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

Charles Schwab's Kevin Gordon calls the markets' recent price action a rotational trade over a correctional one. He explains that a lot of money moving out of tech stocks Wednesday shifted over to industries that haven't experienced as significant upside action. Ahead of the FOMC's September meeting, Kevin believes the institution is setting the ground for a steadier rate cut, as long as inflation shows continued stickiness.======== 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

Dustin Reid and Andrew Wells weigh the FOMC July minutes. Dustin calls them “a little stale” because of the major shift in sentiment from the jobs data. He says that if “they had the data already” they probably would have cut rates in July and is “pretty constructive” on a cut in September. Andrew lists the criteria he thinks the Fed will be using to make their rate decision but says predicting their move will be difficult.======== 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

Immediately following the release of the FOMC meeting minutes from July, David Stryzewski talks about the Fed's current position as one between a "rock and a hard place." He says Fed members have to weigh whether to cut rates faster and risk higher inflation, or cut slower and risk hits to the labor and housing markets. David still expects 100bps in interest rate cuts by the end of 2025. On stock insights, he sees Tesla's (TSLA) expected A.I. and robotics technology to be industry "game changers." However, current valuations will challenge stock growth.======== 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

Danielle DiMartino Booth gives investors a big picture perspective on the FOMC ahead of the Jackson Hole Symposium. She's hoping Wednesday's FOMC meeting minutes from July will add color behind the double dissent to leaving interest rates unchanged. At Jackson Hole, Danielle sees Jerome Powell tempered expectations for a 50bps cut in September and instead move toward commentary for 25bps. As for the Fed's future, she talks about the nomination process and how frontrunners can gain traction in the Senate's voting process.======== 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

European bourses opened lower but have clambered back to the unchanged mark; US futures remain on the backfoot.DXY is flat, GBP digests hot UK CPI, NZD lags after the RBNZ delivered a dovish 25bps cut.RBNZ lowered the OCR by 25bps as expected, cut its OCR forecasts across the projection horizon and voted on the options of either a 25bps or 50bps reduction.USTs underperform into 20yr auction, Bunds bid on German Producer Prices, Gilts initially lagged on CPI but now firmer.Looking ahead, highlights include FOMC Minutes, Speakers including Fed's Bostic, Waller and reported Fed Chair candidate Zervos, Supply from the US, Earnings from Target.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Cenário Local – Economia e PolíticaO Ibovespa encerrou o dia em leve alta de 0,17% aos 134.666 apesar da escalada na tensão entre os EUA e o Brasil com comentários sobre o risco que os bancos correm em respeitar as sanções impostas ou o STF. Os bancos se recuperaram levemente frente as quedas de hoje com Banco do Brasil subindo 0,30% e Itaú +0,06%. O dólar futuro fechou em leve queda de 0,37% aos 5.495. No calendário econômico....No calendário econômico nenhum indicador relevanteDestaques corporativosAZZA3 fechou o dia em queda após o Itaú BBA reduzir as projeções de resultados para 2025 e 2026. Petrobras fechou em leve alta acompanhando as cotações do petróleo.

In this episode of Blockchain DXB, George sits down with Matthew Carstens, Director of Product Experience at amana, to dive into Bitcoin, crypto adoption, user experience, and how amana is reshaping investing in the MENA region with a mobile-first, zero-commission approach.

As Charles Schwab's Joe Mazzola points out, markets may be down, but market breadth is not. The Mag 7 and Palantir (PLTR) were major culprits behind the red session. However, Joe considers the pullback a healthy one, noting high valuations appearing across stocks. Many investors are also waiting to hear what the FOMC and Fed chair Jerome Powell have to say at Jackson Hole. Joe examines how recent inflation and jobs data could impact Powell's tone in his upcoming speech. ======== 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

Kevin Hincks believes Monday's meeting between President Trump, Ukraine president Volodymyr Zelenskyy, and other European leaders was more productive than many expected. He says the amount of time dedicated to talks offer a bright spot for those hoping geopolitical tensions temper. Now many investors will turn their attention to Jerome Powell and the Fed at Jackson Hole, says Kevin Hincks. He later looks into the earnings behind premarket rallies in Palo Alto Networks (PANW) and Home Depot (HD).======== 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

After dissenting at the last FOMC meeting, Fed Governor Michelle Bowman speaks with Bloomberg’s Michael McKee in Teton Village, Wyoming. She discusses her role as Vice Chair for Supervision and her regulatory responsibilities. Bowman says the Fed will address debanking and reputational risk within the banking system if more cases arise.See omnystudio.com/listener for privacy information.

Welcome to the first segment on the show of This Week in Options Trading with Eric O'Rourke and Brian Terry! We'll be going live every Monday at 12pm ET to share option strategies, market setups, and answer community questions in real time.

Charles Schwab's Collin Martin sets the foundation for what he's expecting to see from Jerome Powell and the Fed at Jackson Hole. He talks about the potential for the FOMC to update its expectations on the dual mandate and setting a framework for the rest of the year. Liz Ann Sonders turns to the inflation front and what investors should pay attention to as markets continue to digest last week's CPI and PPI data. On last week's market performance, Liz Ann points out rotations leading to a "mixed bag" on what was ultimately a winning week.======== 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

President Trump will meet with Ukrainian president Volodymyr Zelenskyy and other European leaders to discuss the war in Ukraine, something Kevin Hincks expects to moves markets to start the trading week. Also on the docket: Jackson Hole and what will likely be Fed chair Jerome Powell's final speech at the summit. On the earnings front, retail companies will dominate investor interest during a week that also has a new retail sales report. Kevin sees Walmart's (WMT) earnings as an economic barometer.======== 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

James Demmert believes this week's earnings will serve as a barometer for economic health. Companies like Walmart (WMT) and Target (TGT) will highlight whether Americans are willing to buy amid continuing uncertainty. Additionally, James mentions Toll Brothers (TOL) as an indicator to the housing market, the results of which will be watched closely by the Fed. He later talks about Ukrainian president Volodymyr Zelenskyy and other European leaders' visit to D.C. and its impact on international stocks.======== 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

Is the U.S. already in a recession? Former Federal Reserve insider Danielle DiMartino Booth says net job destruction began in Q2 2024, meaning the economy has been contracting for over a year despite what the Fed is telling you. In this Ask the Expert episode, Danielle joins Craig Hemke to reveal the truth about the labor market, the 24 downward payroll revisions in the last 30 months, and the real headcount data that points to ongoing economic weakness. She discusses the political pressure on Jerome Powell, the growing calls for a 50 basis point rate cut in September 2025, and why dissent at the FOMC is at historic highs. Danielle also warns about the dangers of increased Fed–Treasury cooperation, the risk of hyperinflation, potential threats to the U.S. dollar, and the possibility of market turmoil if retirees are forced to liquidate stocks. Most importantly for investors, she shares why these conditions are bullish for gold in a time of economic and political uncertainty.

RenMac discusses the latest in economic data, including how prices are flattering retail sales; the leap to get the FOMC to support a 50bp move; market leadership from small caps to Asia and the improvement in consumer discretionary relative to staples; and why the government's stake in Intel is part of a more muscular industrial policy approach to strategic sectors.

S&P Futures are positive this morning. There are a number of important economic data points due out in the pre market including Retail Sales and Import-Export prices. China's economic data overnight came in weaker than expected. The Trump Putin summit is scheduled to begin at 3:30 pm ET today. UNH is seeing strong gains this morning as Berkshire Hathaway announced a stake. Their 13F also disclosed new positions in DHI, NUE, & ALLE. There was chatter overnight that the Trump Administration is consider a stake in INTC. Next week the Fed will be releasing the Fed Minutes from the recent FOMC meeting and Fed Chair Jerome Powell will be speaking at the Jackson Hole event on Friday. AMAT released positive earning last night, but their guidance was weak. Next week's earnings are expected from, HD, WMT, TGT, TGX, WSM, EL M & ROST.

I'm excited to share something I've negotiated for you guys: you can now get a Glint Card for FREE (normally $10) just by registering with my code ‘SNIDER' or filling out the form on the page I've linked below.All the details and more about Glint are at https://partner.glintpay.com/eurodollar/. Don't miss out!Oil tumbled today nearing its multi-year low as a massive supply glut hangs over the marketplace. But it's not supply where the glut is coming from. Meanwhile, rates also tumble as everyone - even the media - is getting ready for a September fifty out of the FOMC. In fact, these and the rest of the evidence are all the same thing, different sides of the same crude coin. Eurodollar University's Money & Macro AnalysisBloomberg Global Oil Markets Face Record Supply Glut Next Year, IEA Sayshttps://www.bloomberg.com/news/articles/2025-08-13/global-oil-markets-face-record-supply-glut-next-year-iea-saysIEA August 2025https://www.iea.org/reports/oil-market-report-august-2025Bloomberg Bets on Outsize Fed Cut Gain Steam as CPI Data Backs Doveshttps://www.bloomberg.com/news/articles/2025-08-12/bets-on-outsize-fed-cut-gain-steam-as-inflation-data-backs-dovesBloomberg CPI Report Boosts Market Bets on Larger September Fed Rate Cuthttps://www.bloomberg.com/news/articles/2025-08-13/bets-on-outsize-fed-cut-gain-steam-as-cpi-data-backs-dovesBloomberg Bessent Urges Fed to Lower Rates by 150 Basis Points or Morehttps://www.bloomberg.com/news/articles/2025-08-13/bessent-says-rates-should-likely-be-150-175-basis-points-lowerhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUThis video was sponsored by Glint. Graphic representations of value are for illustrative purposes only. The Glint Debit card is issued by Sutton Bank, Member FDIC. The sale, purchase and storage of precious metals are offered by Glint, and not Sutton Bank. Your investment in precious metals through Glint is:-Not insured by the FDIC.-Not a deposit or other obligation of, or guaranteed by, Sutton Bank.-Subject to investment risks, including the possible risk of loss of the principal amount invested.All investments involve risk, including possible loss of principal. The value of precious metals is affected by many economic factors, including but not limited to the current market price, demand, perceived scarcity, and quality of the precious metal.  Precious metals can increase or decrease in value. Past performance is not a guarantee of future results. As such, investing in precious metals may not be suitable for everyone.Glint Pay Inc. is a U.S. based authorized Card Program Manager, not a bank. Banking services are provided by our partner Sutton Bank, Member FDIC. Glint Pay Inc. employs effective Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and fraud prevention systems and controls to mitigate and combat risks.

Chris Whalen, chairman of Whalen Global Advisors and author of The Institutional Risk Analyst blog, returns to the show. He argues the Fed is unlikely to cut rates in September despite market expectations, with only a one-in-three chance due to FOMC dynamics and persistent inflation. He expects radical Fed reforms under Trump's nominee Steve Mirren, including potentially moving the Fed out of Washington to restore independence. Whalen is bullish on gold as the world returns to sound money, sees housing prices weakening with a major reset possible in 2028, and highlights SoFi as outperforming Bitcoin threefold. He warns the biggest market risk comes from crypto platform implosions while remaining optimistic about Trump's policies despite concerns about subject matter expertise in new appointments.Sponsor: Monetary Metals. https://monetary-metals.com/julia Links:    Twitter/X: https://twitter.com/rcwhalen    Website: https://www.rcwhalen.com/    The Institutional Risk Analyst: https://www.theinstitutionalriskanalyst.com/   Inflated book (2nd edition): https://www.barnesandnoble.com/w/inflated-r-christopher-whalen/1146303673Timestamps:0:00 Welcome Chris Whalen 1:42 Big picture outlook - Fed rate cuts unlikely despite expectations3:22 FOMC dynamics - need majority for rate cuts, only one in three chance for September5:09 Fed changes ahead - Steve Mirren and radical reforms coming7:17 Fed independence and getting out of Washington politics8:39 Fiscal reality - Fed is the tail, Treasury is the dog9:57 Gold thesis - back to sound money as world's reserve asset11:40 Gold allocation - still early innings, most portfolios under 5%14:13 Jobs data skepticism - government shouldn't be gathering this data16:13 CPI and inflation - too much liquidity still in the system18:10 Markets still have room to run - buying opportunities ahead20:18 NYC mayoral race - Cuomo path to victory over Mamdani22:34 Wealth divide creating socialist candidates - inflation driving pain24:05 Fed in a corner - can't squeeze economy like Volcker did26:19 GSE outlook - Fannie/Freddie IPO coming in Q431:31 Housing market - prices weakening but reset coming in 202834:19 Investment opportunities - SoFi outperforming Bitcoin by 3x36:15 Biggest risks - crypto platforms about to implode

The RUT has rallied more than 4% over the last two trading session, which Charles Schwab's Joe Mazzola attributes to expectations of higher-than-expected rate cuts. With investors pricing in a September cut, Joe talks about the possibilities for the Fed's future rate cutting cycle. Joe adds that recent inflation and jobs data will signal Fed chair Jerome Powell to act. He urges investors to pay attention to Thursday's PPI report.======== 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

Stocks continue to rocket past any economic concerns and tap new all-time highs. Kevin Hincks notes Tuesday's CPI as being weaker under the surface, though investors didn't seem to care. He adds that the FOMC will start considering the possibility of a 50bps rate cut in September. On stock movers, Kevin talks about Cava Group (CAVA) and its 20% sell-off. With growth trending down, he says its no surprise the growth company took such a hit.======== 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

I'm excited to share something I've negotiated for you guys: you can now get a Glint Card for FREE (normally $10) just by registering with my code ‘SNIDER' or filling out the form on the page I've linked below.All the details and more about Glint are at https://partner.glintpay.com/eurodollar/. Don't miss out!Everything continues to point directly toward much lower rates, including what is setting up to be a repeat of last summer. As Steve and I said a few days ago in the wake of the unambiguously bad jobs report, watch the market and the Fed speakers this week. It's been only two days and they're doing just what we thought they would, putting the FOMC back on the road swaps paved for a fifty in September. Eurodollar University's Money & Macro AnalysisReuters Exclusive: Fed's Daly says time is nearing for rate cuts, may need more than twohttps://www.reuters.com/business/feds-daly-says-time-is-nearing-rate-cuts-may-need-more-than-two-2025-08-04/Dow Jones Kashkari leans toward rate cut as concerns about an economic slowdown grow at the Fedhttps://www.morningstar.com/news/marketwatch/20250806162/kashkari-leans-toward-rate-cut-as-concerns-about-an-economic-slowdown-grow-at-the-fedBloomberg Fed's Kashkari Says Rate Cut May Be Appropriate in Near Termhttps://www.bloomberg.com/news/articles/2025-08-06/fed-s-kashkari-says-rate-cut-may-be-appropriate-in-near-termBloomberg Bets on Fed Rate Cuts Are Sweeping Through US Bond Markethttps://www.bloomberg.com/news/articles/2025-08-05/bets-on-fed-rate-cuts-are-sweeping-through-the-us-bond-marketBloomberg Trump Says He Will Decide on Fed Governor Before End of the Weekhttps://www.bloomberg.com/news/articles/2025-08-05/trump-says-he-will-decide-on-fed-governor-before-end-of-the-weekhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUThis video was sponsored by Glint. Graphic representations of value are for illustrative purposes only. The Glint Debit card is issued by Sutton Bank, Member FDIC. The sale, purchase and storage of precious metals are offered by Glint, and not Sutton Bank. Your investment in precious metals through Glint is:-Not insured by the FDIC.-Not a deposit or other obligation of, or guaranteed by, Sutton Bank.-Subject to investment risks, including the possible risk of loss of the principal amount invested.All investments involve risk, including possible loss of principal. The value of precious metals is affected by many economic factors, including but not limited to the current market price, demand, perceived scarcity, and quality of the precious metal.  Precious metals can increase or decrease in value. Past performance is not a guarantee of future results. As such, investing in precious metals may not be suitable for everyone.Glint Pay Inc. is a U.S. based authorized Card Program Manager, not a bank. Banking services are provided by our partner Sutton Bank, Member FDIC. Glint Pay Inc. employs effective Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and fraud prevention systems and controls to mitigate and combat risks.

There's a dichotomy between the pace of job growth and the unemployment rate. Our Chief U.S. Economist Michael Gapen and Global Head of Macro Strategy Matthew Hornbach analyze how the Fed might address this paradox.Read more insights from Morgan Stanley.----- Transcript -----Matthew Hornbach: Welcome to Thoughts on the Market. I'm Matthew Hornbach, Global Head of Macro Strategy.Michael Gapen: And I'm Michael Gapen, Morgan Stanley's Chief U.S. Economist.Matthew Hornbach: Today – a look back at last week's meeting of the Federal Open Market Committee or FOMC, and the path for rates from here.It's Tuesday, August 5th at 10am in New York.Mike, last week the Fed met for the fifth time this year. The committee didn't provide a summary of their economic projections, but they did update their official policy statement. And of course, Chair Powell spoke at the press conference. How would you characterize the tone of both?Michael Gapen: Yeah, at first the statement I thought took on a slightly dovish tone for two reasons. One, unexpected; the other expected. So, the committee did revise down their assessment of growth and economic activity. They had previously described the economy as growing at a quote, ‘solid pace,' and now they said, you know, the incoming data suggests that growth and economic activity moderated.So that's true. That's actually our view as well. We think the data points to that. The second reason the statement looked a little dovish, and this was expected is the Fed received two dissents. So, Governors Bowman and Waller both dissented in favor of a 25 basis point rate cut at the July meeting.But then the press conference started. And I would characterize that as Powell having at least some renewed concerns around persistence of inflation. So, he did recognize or acknowledge that the June inflation data showed a tariff impulse. But I'd say the more hawkish overtones really came in his description of the labor market, which I know were going to get into.And we've been kind of wondering and, you know, asking implicitly – is the Fed ever going to take a stand on what constitutes a healthy and/or weak labor market? And Powell, I think put down a lot of markers in the direction; that said, it's not so much about employment growth, it's about a low unemployment rate. And he kept describing the labor market as solid, and in healthy condition, and at full employment. So, the combination of that suggests it's a higher bar, in our mind, for the Fed to cut in September.Matthew Hornbach: And on the labor market, if we could dig a little bit deeper on that point. It did seem to me certainly that Powell was channeling your views on the labor market.Michael Gapen: Well, I wish I had that power but thank you.Matthew Hornbach: Well. I'd like to now channel your views – and of course his views – to our listeners. Can you just go a little bit deeper into this dichotomy that you've been highlighting between the pace of job growth and the unemployment rate itself?Michael Gapen: Yeah. Our thesis and what we've laid out coming into the year, and we think the data supports, is the idea that immigration controls have really slowed growth in the labor force. And what that means is the break-even rate of employment has come down.So even as economic growth has slowed and demand for labor has slowed, and therefore employment growth has slowed – the unemployment rate has stayed low, and there's some paradox in that. Normally when employment growth weakens, we think the economy's rolling over; the Fed should be easing.But in an environment of a very slow growing labor force, the two can coincide. And there's tension in that, we recognize. But our view is – the more the administration pushes in the direction of restraining immigration, the more likely it is you'll see the combination of low employment growth, but a low unemployment rate. And our view is that still means the labor market is tight.Matthew Hornbach: Indeed, indeed. Just one last question from me. How are you thinking about the Fed's policy path from here? In particular, how are you looking at the remaining data that could get the Fed to cut rates in September?Michael Gapen: Yeah, I think that there's no magic sauce here, if you will; or secret sauce. Powell, you know, essentially is laying out a case where it's more likely than not inflation will be deviating from the 2 percent target as tariffs get passed through to consumer prices. And the flag that he planted on the labor market suggests maybe they're leaning in the direction of thinking the unemployment rates is likely to stay low.So, we just need more revelations on this front. And the gap between the July and the September FOMC meetings is the longest on the Fed's calendar. So, they will see two inflation reports and two labor market reports. And again, it just to provide context and color, right? What I think Powell was doing was positioning his view against the two dissents that he received. So where, for example, Governor Waller laid out a case where weaker employment growth could justify cuts, Powell was reflecting the view of the rest of the committee that said, ‘Well, it's not really employment growth, it's about that unemployment rate.'So, when these data arrive, we'll be kind of weighing both of those components. What does employment growth look like going forward? How weak is it? And what's happening to that unemployment rate?So, if the Fed's doing its job, this shouldn't be magic. If the labor market's obviously rolling over, you'll get cuts later this year. If not, we think our view will play out and the Fed will be on the sideline through, you know, early 2026 before it moves to rate cuts then.So Matt, what I'd like to do is kind of turn from the economics over to the rates views. How did the rates market respond to the meeting, to the statement, to the press conference? How are you thinking about the market pricing of the policy path into your end?Matthew Hornbach: So initially when the statement was released, as you noted, it had a dovish flavor to it. And so, we had a small repricing in the interest rate market, putting a little bit of a higher probability, on the idea that the Fed would lower rates in September. But then as Chair Powell began the press conference and started to articulate his views around both inflation and the labor market we saw the market take out some probability that the Fed would lower rates in September.And where it ended up at the end of that particular day was putting about a 50 percent probability on a rate cut and as a result of 50 percent probability of no rate cut; leaving the data to really dictate where the pricing of that meeting would go from there.That to me speaks to this data dependence of the Fed, as you've discussed. And I think that in the coming weeks we get more of this data that you talked about, both on the inflation side of the mandate and on the labor market side of the mandate. And ultimately, if they end up, going in September, I would've expected the market to have priced most of that in, ahead of the meeting. And if they end up not cutting rates in September, then naturally the market will have moved in that direction ahead of time.And again, I think what ends up happening in September will be critical for how the market ends up pricing the evolution of policy in November and December. But to me, what I think is more interesting is your view on 2026. And in that regard, the market is still some distance away from your view, that the Fed goes about 175 basis points in 2026.Michael Gapen: Yeah, I mean, we're still thinking the lagged effects of tariffs and immigration will slow the economy enough to get more Fed cuts than the market's thinking. But, you know, we'll see if that happens. And maybe that's a topic we can turn back to in upcoming Thoughts on the Market.But what I'd like to do is ask you this. I've been reading some of your recent work on term premiums. And in my view, had this really interesting analysis about how the market prices Fed policy and how U.S. Treasury yields then adjust and move.You highlighted that Treasury yields built in a term premium after April 2nd. What's happening with that term premium today?Matthew Hornbach: Yeah. The April 2nd Liberation Day event catalyzed an expansion of term premia in the Treasury market. And ultimately what that means is that Treasury yields went up relative to what people were thinking about the path of Fed policy, And of course, the risks that they were thinking about in the month of April were risks related to trade policy. Those risks have diminished somewhat, I would argue in the subsequent months as the administration has been announcing deals with some of our trading partners. And then the market's focus turned to supply and what was going to happen with U.S. Treasury supply. And then, of course, the reaction of investors to that coming supply.And I would say, given what the Treasury announced last week, which was – it had no intention of raising supply, in the next several quarters. In our view is that the U.S. Treasury will not have to raise supply until the early part of 2027. So way off in the distance. So, investors are becoming more comfortable taking on duration risk in their portfolios because some of that uncertainty that opened up after April 2nd has been put away.Michael Gapen: Yeah, I can see how the substantial tariff revenue we're bringing in could affect that story. So, for example, I think if you annualize the run rates on tariffs, you'll get something over $300 billion in a 12-month period. And that certainly will have an impact on Treasury supply.Matthew Hornbach: Indeed. And so, as we make our way through the month of August, we'll get an update to those tariff revenues. And also, towards the end of August, we will have the economic symposium in Jackson Hole, where Chair Powell will give us his updated thoughts on what is the outlook for the economy and for monetary policy. And Mike, I look forward to catching up with you after that.Thanks for taking the time to talk today.Michael Gapen: Great speaking with you Matt.Matthew Hornbach: And thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.