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

Is Canada getting a little too cozy with China?

January 16, 2026 • 38 mins
Chuck Zodda and Mike Armstrong discuss the search for the next Fed chair gets a little messier with the ongoing investigation into Powell and the Fed. Mortgages at 6% pose critical test for frozen housing market. China and Canada announce tariff relief after a high-stakes meeting between Xi and Canada. Paul LaMonica (Barron's) joins the show to explain why IMAX is succeeding while theaters are dying.
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Why markets keep failing to broaden out beyond big tech

January 16, 2026 • 38 mins
Chuck Zodda and Mike Armstrong discuss markets continuing to fail to broaden out beyond big tech. Taiwan pledges $250B in US spending in exchange for lower tariffs. Trump moves to have tech giants pay for surging power costs. Verizon outage tied to software update. What happens to society if the current system breaks down?
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Why the stock market doesn't care about the world being a dumpster fire

January 15, 2026 • 38 mins
Chuck Zodda and Mike Armstrong discuss the world being a dumpster fire and the stock market doesn't care. Michael Santoli (CNBC) joins the show to chat about how markets have performed since the start of the year, if market broadening out will be different this time, and how the Mag 7 gets out of its funk. Verizon customers experience an hours-long widespread outage. Despite Trump's claims, grocery price are rising. 
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Did TSMC's results show the AI boom still has room to run?

January 15, 2026 • 38 mins
Chuck Zodda and Mike Armstrong discuss TSMC's blockbuster spending plans and results and if it shows that the AI boom will continue. Goldman's stock traders beat their own Wall Street record. BlackRock total assets hit record $14T as ETFs surge. Why have the vibes on megabanks changed? 7 signs you need a financial advisor in 2026.
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Bigger tax refunds are coming in 2026. What does that mean for the economy?

January 14, 2026 • 38 mins
Chuck Zodda and Marc Fandetti discuss bigger tax refunds coming in 2026. What could this mean for the economy? Netflix weighs amending its Warner Bros. bid to make it all cash. More drivers have a $1,000 or more car loan payment. What can buyers expect in 2026? Is Delta on the right path even if investors don't see it? Pimco says rally sweeping emerging markets could last years.
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Why you should be more concerned about the labor market than inflation

January 14, 2026 • 38 mins
Chuck Zodda and Marc Fandetti discuss wholesale inflation coming in softer than expected. Why you should care more about the labor market than inflation. Trump wants to run the economy hot. Will he succeed? Bank of America's profit climbs as consumer spending rises. Why are bank stocks dropping despite solid earnings? US mortgage rates slide to one of the lowest levels since 2022. The Trump administration takes aim at home-builder ...
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Cutting government spending is the only real solution to the affordability crisis

January 13, 2026 • 38 mins
Mike Armstrong and Marc Fandetti discuss how the latest inflation report will impact future rate cuts. Trump unveils barrage of proposals to address affordability. Bill Ackman pitches prepayment penalties as way to cut mortgage rates. Why won't the government use the simple tool to solve affordability. 
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Trump allies fear blowback from Powell investigation

January 13, 2026 • 38 mins
Mike Armstrong and Marc Fandetti discuss the December CPI report that shows prices rose less than expected. Trump allies and officials fear blowback from Powell probe. Will Jerome Powell remain at the Fed after his term as Chair concludes? JPMorgan investment-banking fees drop on underwriting miss. Boston has given out 64 free liquor licenses. How does this change the city?
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Why a 10% credit card interest rate cap a bad idea

January 12, 2026 • 38 mins
Chuck Zodda and Mike Armstrong discuss Trump calling for a 10% cap on credit card interest rates. The dream of Florida retirement is fading for the middle-class. Retiring early is looking more difficult. What is the FIRE movement? The great millennial career crisis. Walmart teams up with Google Gemini on shopping tool.
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Is Central Bank independence a good or bad thing?

January 12, 2026 • 38 mins
Chuck Zodda and Mike Armstrong discuss Jerome Powell under investigation over renovations. Is Central Bank independence a good or bad thing? Americans are right to be worried about the labor market. Why do we care so much about jobs data? Magnificent 7's stock market dominance shows signs of cracking. GOP lawmakers back stock trading crackdown.
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Why does Trump want Fannie and Freddie to buy $200B of mortgage debt?

January 9, 2026 • 38 mins
Mike Armstrong and Paul Lane discuss Trump telling Fannie and Freddie to buy $200B of mortgage debt. Why would he do that? GM takes $6B hit tied to EVs as demand sinks. Meta unveils sweeping nuclear-power plan to fuel its AI ambitions. Tech titans divided over whether to pay billionaire tax or flee California. Paul LaMonica (Barron's) joins the show to chat about Wealthfront's IPO.
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Productivity is booming. AI may not be the reason.

January 9, 2026 • 38 mins
Mike Armstrong and Paul Lane discuss US payrolls rising 50,000 in December, less than expected. Unemployment falls to 4.4%. The productivity boom has arrived. AI may not be the reason. The stock market rally isn't just about tech anymore. What happens if the Supreme Court rules against Trump on tariffs? Trump is getting a new Fed. He may not be happy with what it does.
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Why does the US want Venezuela's oil?

January 8, 2026 • 38 mins
Mike Armstrong and Marc Fandetti discuss consumers loving cheap gas, but the oil patch will pay the price. The US pumps more crude than anyone else. Why does it want Venezuela's? Warner Brothers board rebuffs Paramount's latest buyout offer. The return of the IPO could spell trouble for private equity. Ford enters the race to offer eyes-off driving tech. New campaign in Massachusetts seeks to end pet discrimination in rentals.
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What recent jobs data is telling us about the economy

January 8, 2026 • 38 mins
Mike Armstrong and Marc Fandetti discuss the recent jobs data releases and how it impacts the broader economy. New data points to a 'slow' job market in Massachusetts. Why Trump's proposal to ban corporations from buying single-family houses and why it won't solve anything. Trump says he will not permit dividends and stock buybacks for defense companies. Goldman sees consumer stocks gaining amid AI valuation worries.
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Will stocks crash in 2026?

January 7, 2026 • 38 mins
Paul Lane and Marc Fandetti wonder if stocks will crash in 2026. Ted Rossman (Bankrate) joins the show 2026 interest rate forecasts. Emerging markets haven't had the run recently that many expected. OpenAI says AI will free households from chores and boost hidden productivity.
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AI fatigue sets in for S&P 500 investors

January 7, 2026 • 37 mins
Paul Lane and Marc Fandetti discuss the ADP report that shows private payrolls gained 41,000 jobs in December and US JOLTS coming in well short of expectations. AI fatigue leaves investors focused on the S&P 500's other 493 stocks. Todd Lutsky joins the show for his weekly segment, Ask Todd. This week, Todd explains how procrastinators can plan for long term care at the last minute.
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Ask Todd: Long term care planning for procrastinators

January 7, 2026 • 15 mins
This week, Todd Lutsky explains how procrastinators can catch up on their long term care planning despite getting a late start. Todd also takes a question for a listener about selling property in an irrevocable trust.
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How will the Fed handle the six big challenges ahead in 2026?

January 6, 2026 • 38 mins
Mike Armstrong and Paul Lane discuss the Fed's six big challenges in 2026. Matt Gagnon (CEO Maine Policy Institute & Morning Show Host WGAN Portland) joins the show to chat about the impact of the increases to minimum wage. How are some older job seekers breaking through the bruising labor market? Hiring in the age of AI means proving you need a human. A mystery trader made $400,000 betting on Maduro's downfall.
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Two simple ways to fix America's housing problem

January 6, 2026 • 38 mins
Mike Armstrong and Paul Lane discuss Venezuela bracing for economic collapse from the US blockade. Two simple ways to fix housing in America. Nvidia details new AI chips and autonomous car project with Mercedes. Mike is excited for the next generation of self-driving cars.  GM and Toyota hint at tough year ahead for US auto sales. Tesla is swapping its EV crown for even more promises.
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Markets need to answer these big questions in 2026

January 5, 2026 • 38 mins
Chuck Zodda and Mike Armstrong discuss some major questions that need to be answered in 2026. Is the US losing its battle to break up Big Tech? US auto sales are poised to slip as middle-class buyers retreat. Seven numbers shaping retirement in 2026. Zillow's CEO is ready for another slow year in the US housing market. How has NYC's surge toll pricing fixed traffic?
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