The Financial Exchange Show

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

June 24, 2024 36 mins
Mike Armstrong and Paul Lane discuss why millionaires are leaving Massachusetts and where they are going. Target aims to expand its online market place with Shopify partnership. What does retirement look like when you are using real estate as your primary income source? Investing in sports has arrived. CDK hackers want millions in ransom to end car dealership outage.
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Mike Armstrong and Paul Lane preview this week's all important PCE release. How did we go from six anticapted rate cuts to only one potential cut? How long can high rates last? Could it be forever? Apple hit by first charges under new European tech law. Holiday travel is booming. Why are airlines doing so badly? China and the EU agree to talks in bid to head off trade war.
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Paul Lane and Marc Fandetti discuss the recent economic survey from Monmouth University that showed Americans are focused on high prices and that is shading their economic outlook. The IRS extends freeze of Pandemic-era tax credit amid widespread fraud. Fast-Food customers are shifting to casual-dining chains. Paul LaMonica joins the show to chat about how impactful recent movie releases have been for movie theater chains.
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Paul Lane and Marc Fandetti explain why Nvidia's success is the stock markets problem. SoftBank founder laments selling Nvidia back in 2019. Home prices hit record high in May as sales stall. At Target, store workers become AI conduits. China has spent at least $230B to build its EV industry. Europe has a new economic engine: American Tourists. Hackers auction off stolen Lending Tree consumers' data.
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Chuck Zodda and Marc Fandetti discuss how impactful the summer heatwave is on our wallets. Where are home prices far outpacing paychecks? Why are Americans not buying more EVs? Months after telling advertisers to 'go F themselves', Elon Musk pitches advertisers to return to the platform. Did McDonald's ignite the food price war with the return of the $5 value meal?
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Chuck Zodda and Marc Fandetti discuss how Nvidia rose to be the most valuable publically traded company, and if their rise means we are in a bubble. The Bank of England declines to cut rates despite easing inflation. Boeing's CEO apologizes to MAX crash families and claims companies culture is far from perfect. Has the recent rally in treasuries erased losses from earlier this year? The US debt is on pace to surpass $56T in the nex...
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Mike Armstrong and Marc Fandetti wonder why so many people are confused by what a recession actually is. Central Banks expect to snap up more gold this year amid dollar pessimism. EV startup Fisker files for bankruptcy. What is a zombie mortgage? Socal Media influencers aren't getting rich, they're barely getting by.
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Mike Armstrong and Marc Fandetti react to the May retail sales report that came in weaker than expected. Does the Fed need to cut rates sooner rather than later? Boeing CEO calls culture 'far from perfect' as a new whistleblower surfaces. '529' plans are getting a lot more flexible and useful this year. McDonald's to end AI drive-thru test with IBM.
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Chuck Zodda and Mike Armstrong discuss how much money is at stake if corporate taxes get lowered and where the US sits among developed nations on taxing corporations. Why didn't China's stimulus kick start the housing market? Should the DOJ prosecute Boeing over fatal crashes? How to manage retirement savings during a high interest rate cycle. Will Biden reopen the US gas stockpile? Why is congress unable to solve the Social Securi...
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Chuck Zodda and Mike Armstrong discuss why the Fed can take time taming inflation. Why are big bond rally is promising help for home buyers. Why condos are seeing a big spike in insurance costs. What did Wells Fargo do to cost itself over $10M per month? Pixar strikes big at the box office with 'Inside Out 2.'
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June 14, 2024 36 mins
Chuck Zodda and Mike Armstrong discuss how expensive it is to insure EVs. Boeing investigates quality issue on undelivered 787s. Is recession worse than inflation? Hurricane season begins with a deluge in Florida. Are insurers ready? Can crypto stave off a US debt crisis? Paul LaMonica joins the show to chat about Nvidia's stock split and the potential for extending the rally.
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Chuck Zodda and Mike Armstrong react to the University of Michigan consumer sentiment survey that came in much lower than expected. Why the stock market has risen even with no rate cuts. Elon Musk's pay victory removes cloud at Tesla, but fresh legal fight looms. Don't just set it and forget it when it comes to your money goals.
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On the second hour of today's show, Chuck and Mike discuss the latest news out of Tesla regarding CEO Elon Musk's pay package on the verge of being approved by shareholders. Plus, Jeff Ostrowski of Bankrate joins the guys to recap their latest survey about how the hidden costs of homeownership have risen 26% since 2020. An update on the peculiar minimum-wage law is faring in California and impacting its fast-food restaurants. And o...
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Chuck Zodda and Mike Armstrong react to the Fed's comments about a possible lone rate cut coming this year. PPI data shows wholesale prices unexpectedly dropping in May. US jobless claims rise to highest level in 9 months. Bond market splits from Fed again by betting on 2024 rate cuts. The era of higher savings and bond rates is still going. How can you take advantage? Market volatility is making a comeback?
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Todd Lutsky, Cushing & Dolan, explains what factors go in to making a decision on creating an irrevocable trust. What are the downsides of using an irrevocable trust? How do you know if you need one trust or two? How to plan for estate taxes and a possible nursing home stay?
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Chuck Zodda and Paul Lane explain why Gen Z is in for a rude awakening as they enter the labor force. European carmakers are concerned about the new tariffs against China. US home-purchase applications rise for the first time in five weeks. Will oil levels be able to keep up with peak demand? Biden and Trump both want to extend tax cuts for Americans. Can the country afford it? 
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Chuck Zodda and Paul Lane react to the May CPI report that showed inflation slowing down over the month. Will the Fed make a rate cut decision at this week's meeting? How are markets pricing in future rate cuts? Todd Lutsky stops by for his weekly segment, Ask Todd, where he shares his expertise on estate planning.
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Mike Armstrong and Paul Lane wonder what happened to the supposed retail apocalypse. Pimco warns of more regional bank failures on property pain. The stock market rally has been all about large caps. As banking moves online, branch design takes cues from Starbucks. The postal service's $40B overhaul is off to a rough start.
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Mike Armstrong and Paul Lane preview this week's Fed meeting. Why the Fed is in no rush to cut rates as economy holds up. Fed's higher-for-longer stance hits firms that expected cuts. Apple partners with OpenAI to rolls out new artificial intelligence system. Elon Musk says he will ban Apple devices if OpenAI is integrated into OS. 401(k) confusion abounds. Workers think they're saving, but they aren't really.
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Chuck Zodda and Mike Armstrong take a look at homes for sale are piling up, just not where buyers are. Toyota lost over $15B in market value last week after being caught falsifying tests. Annuities are soaring in popularity. They're not all as safe as they seem. Apple is under pressure to deliver on AI at Monday's WWDC event. How much is your smart phone spying on you?
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