The Financial Exchange weekdays from 10AM - Noon on 14 stations across New England.
The Financial Exchange is the only daily business and financial show in Boston and New England. Mike and Chuck tackle the top stories in the business and financial sector each day, while you updated on the trends in the US markets and the global economy. Plus, they'll talk to the biggest names in the industry for expert analysis.
More Info: financialexchangeshow.com
Diesel and Heating Oil Prices Enter Dangerous Territory
Jobs Report Gives the Fed No Reason to Cut Rates
The August jobs report came in stronger than expected, keeping the labor market on solid footing and raising more questions about whether the Fed can justify leaving rates unchanged.
Chuck Zodda and Mike Armstrong discuss why 162,000 jobs added in August reinforces the view that the labor market is not the problem facing the economy, and why the Fed’s next decision may come down to whether inflation remains too high. They also break down President Trump’s call for lower interest rates, why stronger growth does not automatically mean lower Treasury yields, diesel prices hitting a new all time high, and why the sandwich generation is facing rising pressure from aging parents, children, and long term care costs.
Chuck Zodda and Mike Armstrong discuss why 162,000 jobs added in August reinforces the view that the labor market is not the problem facing the economy, and why the Fed’s next decision may come down to whether inflation remains too high. They also break down President Trump’s call for lower interest rates, why stronger growth does not automatically mean lower Treasury yields, diesel prices hitting a new all time high, and why the sandwich generation is facing rising pressure from aging parents, children, and long term care costs.
Diesel Prices Near Record Highs as Energy Risks Build
Diesel prices are just cents away from an all time high, raising fresh concerns about shipping costs, home heating oil, and inflation heading into the fall.
Chuck Zodda and Mike Armstrong discuss why diesel inventories are especially tight on the East Coast, what could help ease the refined fuel shortage, and why Venezuela’s oil industry is unlikely to provide a quick fix for gas prices. They also cover the courts’ struggle to rein in Big Tech, rising 401k millionaire balances, the hidden costs of saving too much for retirement, joyful spending, and why AI generated restaurant photos are creating another backlash against the technology.
Chuck Zodda and Mike Armstrong discuss why diesel inventories are especially tight on the East Coast, what could help ease the refined fuel shortage, and why Venezuela’s oil industry is unlikely to provide a quick fix for gas prices. They also cover the courts’ struggle to rein in Big Tech, rising 401k millionaire balances, the hidden costs of saving too much for retirement, joyful spending, and why AI generated restaurant photos are creating another backlash against the technology.
Bonds Take Center Stage as Inflation Pressure Builds
After months of market attention on war and AI, bond yields are now driving the conversation as investors weigh inflation, deficits, demand for Treasuries, and the Fed’s next move.
Chuck Zodda and Mike Armstrong discuss why bond yields are rising, why the explanation is more complicated than simply blaming the deficit, and how a changing rate environment could affect balanced portfolios. They also cover why future job reports may look underwhelming, how flat labor supply could keep wage and inflation pressure elevated, why renters investing instead of buying homes need discipline, and how financial scams are becoming harder to prevent as AI makes them more convincing.
Chuck Zodda and Mike Armstrong discuss why bond yields are rising, why the explanation is more complicated than simply blaming the deficit, and how a changing rate environment could affect balanced portfolios. They also cover why future job reports may look underwhelming, how flat labor supply could keep wage and inflation pressure elevated, why renters investing instead of buying homes need discipline, and how financial scams are becoming harder to prevent as AI makes them more convincing.
Diesel Prices Could Be the Next Big Inflation Problem
Diesel prices are nearing record highs, and the pressure could soon show up across shipping, farming, retail, and the broader inflation picture.
Chuck Zodda and Marc Fandetti discuss why President Trump’s push for more U.S. refineries faces major practical and economic hurdles, why diesel supplies are becoming especially tight, and how higher diesel costs could affect everything from the fall harvest to holiday retail shipments. They also cover Uber’s latest job cuts, Broadcom earnings, whether AI is showing up in labor market data, Reagan’s Social Security reforms, and why social media may be making it harder to solve big political problems.
Chuck Zodda and Marc Fandetti discuss why President Trump’s push for more U.S. refineries faces major practical and economic hurdles, why diesel supplies are becoming especially tight, and how higher diesel costs could affect everything from the fall harvest to holiday retail shipments. They also cover Uber’s latest job cuts, Broadcom earnings, whether AI is showing up in labor market data, Reagan’s Social Security reforms, and why social media may be making it harder to solve big political problems.
Rising Bond Yields Put Borrowers and the Fed Under Pressure
Global bond yields are climbing again, and the impact is showing up in mortgages, government borrowing costs, stock valuations, and the Fed’s next policy decision.
Chuck Zodda and Marc Fandetti discuss why rising long term rates matter for everyday borrowers, how higher Treasury yields can affect mortgages and asset prices, and why wars in the Middle East and Ukraine are complicating the Fed’s inflation fight. They also break down the case for and against a September rate hike, what upcoming CPI and jobs data could mean for Kevin Warsh, and Todd Lutsky’s explanation of how IRA beneficiary designations fit into an estate plan.
Chuck Zodda and Marc Fandetti discuss why rising long term rates matter for everyday borrowers, how higher Treasury yields can affect mortgages and asset prices, and why wars in the Middle East and Ukraine are complicating the Fed’s inflation fight. They also break down the case for and against a September rate hike, what upcoming CPI and jobs data could mean for Kevin Warsh, and Todd Lutsky’s explanation of how IRA beneficiary designations fit into an estate plan.
Apple’s New CEO Takes Over at a Critical Moment
Apple begins a new chapter as John Ternus takes over from Tim Cook, raising questions about the company’s AI strategy, supply chain power, and future direction.
Mike Armstrong and Marc Fandetti discuss the market selloff, rising oil prices, higher mortgage rates, and what the latest JOLTS report says about the labor market ahead of the Fed’s September meeting. They also break down Apple’s leadership change, why the company may be at an important crossroads, whether the Fed needs to hike rates to protect its credibility, and why retirement relocation decisions often come down to more than taxes. Plus, they cover Chinese cars, protectionism, sports betting, and the growing line between investing and gambling.
Mike Armstrong and Marc Fandetti discuss the market selloff, rising oil prices, higher mortgage rates, and what the latest JOLTS report says about the labor market ahead of the Fed’s September meeting. They also break down Apple’s leadership change, why the company may be at an important crossroads, whether the Fed needs to hike rates to protect its credibility, and why retirement relocation decisions often come down to more than taxes. Plus, they cover Chinese cars, protectionism, sports betting, and the growing line between investing and gambling.
Bond Yields, Jobs Data, and AI’s Big Money Question
Global bond yields are rising, stocks are under pressure, and the latest jobs data is giving the Fed more to consider ahead of its September meeting.
Mike Armstrong and Marc Fandetti discuss why long term rates are moving higher around the world, what a new rate regime could mean for borrowers, stocks, and governments, and why the JOLTS report keeps the labor market picture mostly steady. They also break down the biggest unanswered question in AI, whether the massive CapEx boom can eventually produce enough revenue, and why private market investments tied to companies like SpaceX are drawing more scrutiny from regulators.
Mike Armstrong and Marc Fandetti discuss why long term rates are moving higher around the world, what a new rate regime could mean for borrowers, stocks, and governments, and why the JOLTS report keeps the labor market picture mostly steady. They also break down the biggest unanswered question in AI, whether the massive CapEx boom can eventually produce enough revenue, and why private market investments tied to companies like SpaceX are drawing more scrutiny from regulators.
Congress Finally Starts Talking About Saving Social Security
Social Security’s trust fund is projected to run short in 2032, and Congress is only now beginning to talk about what a fix might look like.
Chuck Zodda and Mike Armstrong discuss why Social Security reform is getting harder the longer lawmakers wait, the three main levers available to address the shortfall, and why any solution is likely to create political and generational conflict. They also cover Apple’s leadership change, what John Ternus may mean for the company’s AI strategy, rising diesel prices, retirement housing choices, the economic fallout from a powerful El Niño, and why financial scams remain a major risk for consumers.
Chuck Zodda and Mike Armstrong discuss why Social Security reform is getting harder the longer lawmakers wait, the three main levers available to address the shortfall, and why any solution is likely to create political and generational conflict. They also cover Apple’s leadership change, what John Ternus may mean for the company’s AI strategy, rising diesel prices, retirement housing choices, the economic fallout from a powerful El Niño, and why financial scams remain a major risk for consumers.
Markets Brace for a Fed Showdown in September
Kevin Warsh’s Jackson Hole speech reassured markets for a moment, but investors are already questioning whether the Fed will follow through with action at its September meeting.
Chuck Zodda and Mike Armstrong discuss why bond markets are still testing Warsh, whether the Fed may hike rates on September 16, and how upcoming jobs and inflation reports could shape the decision. They also cover Todd Lutsky’s explanation of last minute Medicaid eligibility, why investors may need to be on alert heading into September, the strength of corporate profits, and the sudden unraveling of Wall Street’s momentum trade.
Chuck Zodda and Mike Armstrong discuss why bond markets are still testing Warsh, whether the Fed may hike rates on September 16, and how upcoming jobs and inflation reports could shape the decision. They also cover Todd Lutsky’s explanation of last minute Medicaid eligibility, why investors may need to be on alert heading into September, the strength of corporate profits, and the sudden unraveling of Wall Street’s momentum trade.