Nightly Business Report

We have special coverage of the Federal Reserve’s decision on interest rates, live from Washington, D.C, featuring the fallout for stocks, bonds, the economy, and the consumer, as well as the view from Congress with Rep. Brad Sherman (D-CA) and Sen. John Kennedy (R-LA). Plus, we’re joined by one strategist on how to position your portfolio for any policy scenario ahead of a potential government shutdown.

Just over 24 hours until the Fed’s decision on interest rates. We look ahead to tomorrow’s meeting and the fallout for stocks and bonds. Plus, mortgage rates remain near multi-year highs, but that’s a silver lining for the nation’s largest home-loan service. The CEO will join us with his read on the health of housing. And in the spirit of Halloween, we’re looking at the scariest hypothetical bear cases in tech.

We have fresh signs that the economy is slowing, and hedge fund manager Kyle Bass says things are about to slow a lot more from here. He’ll join us with the biggest risks and opportunities he sees in the market right now. Plus, XPO shares are soaring on the back of earnings. The CEO is here with his read on the freight market. And the CEO of Spirit Halloween joins us ahead of the big day with his take on the consumer, commercial real estate, and the trends he’s seeing this year.

Our panel debates the latest economic data, and whether it suggests the consumer is not as strong as investors think. Plus, a rare and exclusive interview with Vanguard CEO Tim Buckley on how he’s approaching the market, as the world’s second-largest asset manager. And how are homebuilders navigating this new high-interest-rate environment? We get the read on housing from the CEO of Tri Pointe Homes, fresh off their results.

The latest data show the economy remains resilient – and so does the consumer. What does it all mean for the market and the Fed? We speak with one economist about her forecast. Plus, our market guest says the recent pullback in tech provides a good entry point, but there’s one way to play it. He’ll tell us how, and what else he’s buying outside of tech right now. And Empire State Realty Trust’s CEO joins us fresh off earnings with what’s driving the stock higher, and his read on the New York City commercial real estate market.

Three months after a bold call, our market guest rejoins us to take a “quarter-victory lap” and look ahead to the next opportunity. Plus, we’ll speak with the CEO of one travel company that’s benefitting from one key consumer trend that they expect to withstand an economic slowdown. And while homebuilders have been buying down mortgage rates to make homes more affordable, the calls for the government to step in are getting louder. Our strategist tells us how that approach would work and how likely it is to actually happen.

Pershing Square’s Bill Ackman covered his bet against bonds, but our market guest is not buying into that move. Plus, JPMorgan Chase CEO Jamie Dimon says central banks have been “100% dead wrong” on economic forecasts and it doesn’t matter if the Fed hikes again. Is he right? We’ll ask former Fed vice chair Randy Quarles. And Microsoft, Alphabet, and Visa are on deck with results. Our trader says one of them has a lot of problems… but good ones. He’ll explain in Earnings Exchange.

A big drop in bond yields after the 10-year started the day back above 5%, but the recent climb led our portfolio manger to say bonds can achieve equity-like returns over the next 18 months. She’ll tell us where she’s seeing opportunities now. Plus, one economist is sounding the alarm that government spending could overwhelm the Fed’s inflation fight. And the co-CEO of Morgan Stanley’s real estate arm is here to break down her strategy in the face of higher yields – and what she’s seeing for opportunities overseas.

Kelly discusses trouble brewing in the banking system.

The yield on the 10-year note hit 5% for the first time in 16 years, a five-star fund manager gives us his duration timeline. Why consumer is even stronger than you may think, and the hidden tax break for homeowners. Plus, Philly Fed President Patrick Harker has a very specific reason for keeping rates where they are. 

Kelly explains why the Fed has obligations beyond its "dual mandate.”

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.

The House divided. Jim Jordan comes up short in his second vote to secure the Speaker gavel. A top Republican strategist tells us how this should really be resolved. Plus, President Biden visits Israel. He’s pledging an "unprecedented" support package for the country...even as Congress remains leaderless. And have you seen what's happening with bond yields?  It's a major headache for banks – and the CEO of Hancock Whitney says that the historic move in yields is pressuring both consumer and commercial loan demand. He joins us to discuss.

Better than expected economic data is pushing yields back toward their recent highs. We’ll ask our strategist how he’s adjusting his portfolio. Plus, homebuilder sentiment sliding to 10-month lows, but our analyst is staying positive ahead of next week’s earnings and tells us why. And salaries could be higher for longer – keeping the Fed in that mode as well. 

Is inflation blinding investors to a potential fiscal crisis? We have two heavyweights on the controversial topic. Plus, bitcoin crossing above $30,000 for the first time in months. We’ll ask former CFTC Chairman Tim Massan about the path forward for regulation. And the second half of big bank earnings are on deck tomorrow. We have the action the story and the trade on two big names, plus Johnson & Johnson and Lockheed Martin.

Stocks are struggling, and gold is rallying as investors seek safety. Plus, oil climbing as the U.S. tightens sanctions against Russia. And mortgage rates are near 23-year highs, leading one former Obama official to suggest the government step in and curb the run in rates.

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.

We’re breaking down the geopolitical fallout from the Israel-Hamas war ahead of President Biden’s speech. Plus, could the 10-year yield be headed to 4% as the “earnings recession” is about to end? We’ll debate. And what are the consequences of a House of Representatives with no Speaker? AEI’s James Pethokoukis joins us to dig into that.

Stocks stage a reversal this hour as Israel’s conflict with Hamas enters its third day. We’ll look at what the unrest means for the region and for energy prices. Plus, activist investor Nelson Peltz is reigniting his proxy fight with Disney. And one analyst says investors should “close their eyes and buy” some utility stocks. She’ll join us with her top picks.