The Financial Exchange with Barry Armstrong breaks business news first in New England. The longest running business news host in Boston, Barry reports on the latest business developments throughout the country in New England with heavy hitting interviews from CEO’s, analysts and prominent business media professionals.
You need to understand this fact about interest rates
Which Big Tech company is best positioned to win the AI arms race?
Chuck Zodda and Mike Armstrong discuss the unbelievably bad October jobs report that saw only 12,000 jobs added, well below expectations. What supports the idea that the Fed will cut at their next meeting? Amazon shares rise on robust demand and a surge in infrastructure spending. How would you rank to top five tech companies in their pursuit of AI domination? When the price of your burrito clashes with your 'reference price'.
What will the next President do with this remarkable economy?
Chuck Zodda and Mike Armstrong discuss the next president inheriting a remarkable economy. Starbucks CEO pledges to fundamentally change strategy as sales fall for third straight quarter. Todd Lutsky stops by to share some insight on estate planning. The little sins we commit at work and the bosses who are cracking down.
Is big tech done carrying markets on their backs?
Chuck Zodda and Mike Armstrong discuss PCE inflation slipping to 2.1% annual rise, and moves closer to the Fed's target. Microsoft shares slip as forecast sparks concern about AI and cloud revenue. Meta reports record revenue, but slower digital advertising growth. Apple and Amazon take the spotlight in mixed week for big tech earnings.
Ask Todd: The current state of federal estate taxes
Todd Lutsky shares his insight on the current federal estate taxes and exemptions. Todd also takes calls from listeners about their estate planning needs.
What powered Google's revenue jump?
Chuck Zodda and Marc Fandetti discuss Google's earnings report that showed big growth in cloud sectors but unremarkable results in advertising. AMD shares fall as forecast fails to impress despite strong AI growth. Jobs report on eve of election will be among the most distorted in years. Mortgage rates rise to highest level since July. Was the government right to intervene in airline refunds?
Why is the US economy growing less than expected?
Chuck Zodda and Marc Fandetti share their reaction to the release of the GDP report that came in less than expected. Super Micro shares plunge 35% as auditor resigns after raising concerns months earlier. Selloff puts treasuries on path for worst month in two years. Todd Lutsky joins the show to discuss the current state of federal estate taxes.
Will companies win the return-to-office fight?
Mike Armstrong and Marc Fandetti discuss the possibilities of a soft landing. Dan Griggs, President - OceanFirst Bank, joins the show to share his insights into the current economic landscape. Bosses are calling workers back to the office. Good news for landlords. Starbucks threatens to fire staff who don't come back to the office. McDonald's execs seek to rebuild trust after E. Coli threatens sales rebound. People are moving out of New England. How can we stem the tide?
Job openings fall to lowest level in three years
Mike Armstrong and Marc Fandetti discuss the JOLTS report that showed job openings dropping to the lowest level in over three years. What are unemployment rates in swing states? Wages have outpaced inflation. But not for everyone. Bond market responds oddly to the Fed's move. Deficit threat drives bond yields higher. Ford's 3rd-quarter profit falls as EV losses persist.
Why are economists warning of new inflation hazards?
Chuck Zodda and Mike Armstrong discuss economists warning of new inflation hazards after the election. the porterhouse at Weis points to inflation's demise. Owning a vacation home in hurrican zones is worrisome. Some owners are selling. Why it's so hard to fina a job in this strong labor market.