The Financial Exchange Show
A talk radio show that provides comprehensive analysis on the economy and the latest breaking business news, while also providing insight on the markets and its impact on your personal finances.
Episodes
July 26, 2024 • 35 mins
Chuck Zodda and Mike Armstrong wonder if customers are fed up with Chipotle's lack of consistency. Is now the best time for would be car buyers to start shopping? Can Apple stage an iPhone comeback in China? Does OpenAI's upcoming search engine have a shot at competing with Google? Paul LaMonica joins the show to chat about CrowdStrike and how the company can rebound from the recent outage.
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July 26, 2024 • 38 mins
Chuck Zodda and Mike Armstrong discuss if the Fed's key inflation gauge coming in line with expectations could force the Fed to signal September rate cuts. Why are wealthier people slowing down their splurge spending? Did CrowdStrike slap their customers in the face by offering a $10 apology for the outage? Why you need to plan to spend your nest egg instead of just hoarding it.
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July 25, 2024 • 35 mins
Chuck Zodda and Mike Armstrong discuss Ford falling its most in four years as warranty costs erode profit. Jeff Ostrowski from Bankrate joins the show to chat about their recent homeownership survey. An increase in uninsured drivers is pushing up costs for everyone else. Airlines are finally cutting ticket prices as flight numbers rise. Massachusetts gave how much money to the movie 'Don't Look Up'?
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July 25, 2024 • 38 mins
Chuck Zodda and Mike Armstrong discuss yesterday's massive tech sell off that caused the worst day on markets since 2022. Are small cap stocks the new darlings for investors? The US economy grew at a 2.*% pace in the second quarter, much more than expected. Emotional investing is bad investing. The Fed may be two meetings away from a major mistake.
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July 24, 2024 • 15 mins
Todd Lutsky explains what tools are available for those who failed to plan before needing to go on Medicaid. Todd also explains the benefits of long-term care insurance and how flexible irrevocable trusts are.
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July 24, 2024 • 36 mins
Chuck Zodda and Marc Fandetti explain to the 3 in 5 Americans who believe the country is in a recession why that isn't the case. What are the competing opinions on future rate cuts by the Fed? Is the hottest job market in a generation already over? Your cup of coffee is already expensive, and it is about to get even more expensive.
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July 24, 2024 • 37 mins
Chuck Zodda and Marc Fandetti discuss the earnings results from Google and Tesla and why markets are reeling in their wake. Has Google misjudged the growth of AI? Is Tesla missing the boat on AI? Todd Lutsky joins the show for his week'y segment, Ask Todd, where he explains how to get on medicaid at the last minute.
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July 23, 2024 • 35 mins
Mike Armstrong and Marc Fandetti explain why the CrowdStrike outage is another sharp warning for banks. Google talks to acquire cybersecurity startup Wiz fall apart. GM lifts earnings outlook as US market carries load. Elon Musk has his mojo back. Can you send some mojo to Tesla? Alexa is in millions of households, and Amazon is losing billions. The 401(k) rollover mistake that costs retirement savers billions.
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July 23, 2024 • 38 mins
Mike Armstrong and Marc Fandetti discuss how recent politically events have been moving markets. Investors remember 'stocks can go down too' in return to hedging. June home sales slump, pointing to a buyer's market as supply increases. Why is the deficit so big? Depends on who you ask. America's 60-year-olds are staring at financial peril. McDonald's will extend the $5 meal deal at most US restaurants.
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July 22, 2024 • 32 mins
Chuck Zodda and Mike Armstrong want to know why so many Americans are choosing not to have babies. American borrowers are on shaky ground, how long can this last? How can you avoid the 'Social Security Torpedo"? EVs are cheaper than ever. Can car buyers be won over? Airbnb hosts want guests to come to them directly.
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July 22, 2024 • 38 mins
Chuck Zodda and Mike Armstrong discuss if markets could unwind the ‘Trump trade’ after Biden drops out of presidential race. Investors count on earnings to calm $900 billion US tech rout. A stock-market rotation of historic proportions is taking shape. Flight cancellations caused by tech outage continued over the weekend. Ble screens everywhere are the latest tech woe for Microsoft. Why are job seekers losing confidence? Massachuse...
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July 19, 2024 • 35 mins
Chuck Zodda and Mike Armstrong discuss Netflix's earnings report and how the company continues to dominate the streaming space. The Fed prepares for September cut as Powell shifts focus to jobs. Banks are offering bigger cash bonuses. But you will need to know much more before changing banks. $15 minimum wage for tipped workers headed to ballot. No taxes on tips? A Trump idea gains ground. Paul LaMonica joins the show to chat about...
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July 19, 2024 • 38 mins
Chuck Zodda and Mike Armstrong breakdown the major IT outage that has grounded flights and hit banks and businesses across the world. Get ready to pay more for less-reliable electricity. The magic number to afford a home in Boston? $217,000 in annual income. Heirs finally get an answer from the IRS about money in inherited retirement accounts. Broken windmill blade off Nantucket causing big concern for clean energy advocates.
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July 18, 2024 • 35 mins
Mike Armstrong and Marc Fandetti discuss how the conversation surrounding inflation is being expressed of the RNC. JD Vance blames China for the degredation of the US's middle class. Social Security just announced a change for millions of beneficiaries. Car repossesions surge across the country. Bud Light loses more ground, slipping to No. 3 in America. American towns are saying no to new megamansions.
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July 18, 2024 • 38 mins
Mike Armstrong and Marc Fandetti discuss what went so wrong for tech companies on markets yesterday. TSMC beats estimates on surging chip demand, but politics might get in the way. Should Fed's critics be championing a July cut? Mike can't help but express his love for Domino's. Where do economists think we are headed? Is revenge travel running out of steam?
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July 17, 2024 • 32 mins
Chuck Zodda and Paul Lane explain why portfolio diversification is necessary. Top Fed official suggests the Fed is closer, but not yet ready, to cut rates. Biden's rent control plan will make the housing crisis worse. Real Estate meltdown strains even the safest office bonds. It's the summer of the quiet vacation. Don't tell the boss. NBA Board backs TV rights deals, but steps remain.
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July 17, 2024 • 15 mins
On this week's edition of Ask Todd, Todd Lutsky shares how he prepares his clients for Medicaid planning and what the right age is to begin planning. Can you plan too early?
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July 17, 2024 • 37 mins
Chuck Zodda and Paul Lane discuss why the S&P 500 dropped over 1% and why global chipmakers are to blame. The US floats tougher trade curbs in chip crackdown on China. Fresh tariffs could see interest rates stay higher for longer. Todd Lutsky joins the show to share his expertise on Medicaid planning.
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July 16, 2024 • 35 mins
Mike Armstrong and Paul Lane discuss drivers opting for a more intrusive option to ease car-insurance costs. 60% US tariffs would cripple China, but at what costs to the US? Why is the oil industry booming? Musk's Robotaxi plan shows he understands car but not people. Will the housing market tell the Fed how much to cut? The futue of children's television isn't television.
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July 16, 2024 • 38 mins
Mike Armstrong and Paul Lane discuss Jerome Powell signaling a rate cut is coming soon but doesn't commit to when. Retail sales come in better than expected in June. Big banks are getting help from Wall Street comeback. How is Wall Street continuing to absorb American's borrowing binge? Can you save too much for retirement? Using your retirement account as an ATM just got a lot easier.
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