Nightly Business Report

Kelly talks to Natalliance Head of International Fixed Income, Andrew Brenner. They cover the main issues markets could face as the Fed begins to taper bond purchases, and discuss how much Wall Street has changed in recent years--in ways that could complicate the Fed's efforts. Andy also talks about whether he thinks Wall Street is still a good career for young people, and which industries look more promising over the next decade.

Pres. Biden announcing he plans to release 50 million barrels of crude from the Strategic Petroleum Reserves, the Deputy Secretary of Energy joins us to discuss the plan and Goldman’s Jeff Currie tells us why he still sees oil going to $85/barrel. Nordstrom and Gap both report after the bell, what to watch for in the earnings report and whether these beleaguered brands can right the respective ships. And oil was a hot topic today, but there’s an under-the-radar energy stock one Evercore analyst says you ‘must’ own. He joins us with that name.

Austria implementing a lockdown amid rising covid cases spooking overseas markets and reopening stocks, including the airlines and Boeing, here at home. This as the WSJ reports the company is slowing down 787 Dreamliner manufacturing…but one trader is sticking by the stock. He tells us why. Policymakers learned a lot from the Great Recession, but Neil Irwin, Senior Economics Correspondent at the New York Times, says they’re misguided in applying them to the economic fallout from the pandemic. Plus, Cowen naming their topic retail picks ahead of the key holiday season—why department stores, sporting goods and yoga pants should be in your stocking this year.

Kohl’s reported a huge increase in sales thanks to strong hair and makeup revenues, CEO Michelle Gass weighs in. Portillo’s posts its first earnings report, and while shares initially took a tumble, commentary about the supply chain and pricing power on the earnings call recouped much of those losses. Portillo’s Chief Executive Michael Osanloo tells us what’s most important to the restaurant’s bottom line. And, Nike launches Nikeland on Roblox—marketing stunt or effective way to capture customers’ attention early? We’ll discuss.

The return of shopping malls, demand for homes and the need to drill all need one thing in common: land. So is it better to bet on the location rather than on the business itself? We’ll explore. Plus, in today’s Earnings Exchange: we’ll give you the action, the story & the trade in Nvidia, Cisco & Bath & Body Works. And, after a post-earnings plummet and a 70% drop from its all-time high, is there finally a buying opportunity in Peloton? We’ll debate.

Today’s key word is inflation: companies are seeing it, consumers are experiencing it and Fed officials are calling for action to curve it. But the futures market says they won’t act anytime soon. Should you position for a long winter of high prices ahead? We’ll debate. Plus, the headline numbers may look good, but are retail sales actually falling? We’ll do some back of the envelope math to see what the data is telling us. And, in today’s Earnings Exchange: we’ll give you the action, the story & the trade in Target, TJX Companies and Lowe’s with results on deck.

The President is set to sign one of the biggest infrastructure bills in history today. We’ll speak with the CEOs of Blink Charging & Siemens USA about the money, the plans and the impact. Plus, we’ll speak with a 5-star tech fund manager who saw gains of 88% last year. He’ll tell us what he’s buying now amid rising rates. And, in today’s Earnings Exchange: we’ll give you the action, the story & the trade in Walmart, Home Depot and Lucid results on deck.

Kelly questions whether the Fed can realistically afford to raise interest rates in this environment.

Wells Fargo’s message to investors following the latest inflation data: stick a fork in the tech trade! We’ll speak with the strategist behind the call on where to invest now. Plus, shares of cannabis company Green Thumb Industries are jumping after doubling profits. We’ll speak with the CEO. And, in today’s Earnings Exchange: from pre-profit to American staple, we’ll preview WeWork, Nvidia & Walmart results on deck.

Hot inflation numbers are turning up the pressure on the Fed, and raising questions about the speed of its taper. We’ll look at just how far behind the curve they might be. Plus, it’s no secret that auto prices have been soaring. We’ll ask the CEO of CarGurus if there are any signs it’s improving. And, in today’s Earnings Exchange: we’ll give you the action, the story and the trade in Lordstown Motors, Blink Charging & Warby Parker.

Kelly explains why the establishment’s dismissiveness of NFTs today mirrors early criticism of Picasso’s work decades ago.

Prices are jumping, inflation expectations are surging and the White House is playing defense. What does it all mean for socks and your portfolio? We’ve got your Inflation Nation plays. Plus, Rivian’s blockbuster debut could end up being the biggest IPO of the year. Can the capital help it reach scale and justify its price? We’ll explore. And, in today’s Earnings Exchange: we’ll give you the action, the story and the trade in Disney, Beyond Meat and SoFi Technologies on deck tonight.

Kelly explains why lawmakers’ "net zero" goals could mean big trouble for Exxon and other oil giants.

From cost pressures to supply chain woes, we’ll speak with a money manager who has three picks for your portfolio amid rising risks. Plus, commodities are suddenly out of favor, flat in the past month. Could this be the perfect buying opportunity? Goldman Sachs says “yes.” And, in today’s Earnings Exchange: we’ll give you the action, the story and the trade in Coinbase, Poshmark & Doordash on deck tonight.

Kelly explains why driverless cars are here to stay, despite the risks involved.

Investors are driving stocks – and crypto currencies – to all-time highs, while bond yields go the other way. We’ll speak with a strategist who says there will be one big winner in the search for yield, and he’ll reveal it for us. Plus, Elon Musk will sell 10% of his Tesla shares after a Twitter poll voted in favor of it. We’ll look at what else could be driving his decision making, and what it means for the company. And, in today’s Earnings Exchange: we’ll give you the action, the story and the trade in PayPal, AMC and Virgin Galactic ahead of earnings tonight.

Today’s trading seems to be all about the end of the pandemic, with Dr. Scott Gottlieb predicting the it could be over here in the U.S. by January. Reopening stocks are flying high, as pandemic trades get crushed. Is this the first day of the next chapter for markets? We’ll debate. Plus, Cinemark is forecasting a bounce back for the box office, but will movie-going ever return to pre-pandemic levels? We’ll ask the CEO. And, soaring energy prices have shares of U.S. natural gas giant EQT soaring 60% this year. But will new rules rain on its parade? We’ll ask CEO Toby Rice.

Economist David Rosenberg says inflation has finally peaked, and price pressure will start to ease soon. He’ll join us to explain why this is nothing like the 1970s, and how to position your portfolio too. Plus, the CEO of Choice Hotel joins us to discuss its earnings beat, and will also reveal a surprise winner of the work-from-home trend too. And, in today’s Earnings Exchange: we’ll bring you the action, the story and the trade in Uber, Shake Shack & Peloton results on deck tonight.

Kelly remarks on Tesla’s electric run past $1,000 per share.

We’re just an hour away from the Federal Reserve’s latest policy decision, and it’s sure to be a historic one. It’s widely expected to announce tapering of its asset purchases as the pandemic winds down. But the key question here is whether or not it has to move up the timeline for hiking interest rates as inflation continues to spike. We’ll cover it all, and bring you the latest details as they unfold.