Nightly Business Report

‘Be greedy when others are fearful, and fearful when other are greedy.’ It’s an old market trope, but are we in this cycle? The bears may be coming out on Wall Street lately, but we’ll speak with one strategist who says now is definitely the time to be greedy. Plus, some Wall Street heavyweights are weighing in on the merits of investing in China. Is it a threat or opportunity for investors? We’ll debate. And, speaking of greed, greed is out and doing good is in when it comes to the next wave of IPOs. But will that strategy pay off? We’ll explore.

As the Dow and S&P slide today, Morgan Stanley is taking U.S. equities to underweight. They’ll join us to explain the bold call. Plus, President Biden’s tax plan includes more than 80 hikes and changes, but only three raise the most money. We’ll break them down for you. And, the 2021 NFL season kicks off this week, and a number of betting names to could benefit in a big way. We’ve got your stocks to watch.

August’s disappointing jobs report exposed a clash between slowing jobs growth and rising wages. But another clash is brewing as well, between the confidence of consumers and CEOs. Does one explain the other? We’ll ask Conference Board CEO Steve Odland. Plus, in the aftermath of Hurricane Ida, are insurance premiums about to spike? We’ll explore the storm’s full impact, and what happens if these weather events become increasingly ‘normal.’ And, activist investing firm Engine No. 1 is reportedly revving up to take on another big oil producer. We’ll explain the high-profile fight that could be shaping up.

Kelly explains why the shift toward electric power isn’t as clean as you might expect.

New data shows prospective employees either getting more interested in returning to work, or never coming back at all. We’ll explore what it means for both workers and employers ahead tomorrow’s crucial jobs report. Plus, ChargePoint shares are surging on a strong quarter, but are still well off their 52-week high. So why is the CEO so bullish? We’ll ask him. And, in a consumer-focused edition of Rapid Fire: how inflation and supply chain issues are weighing on earnings across nearly every sector today.

September kicks off with yet another economic data miss, with investors on edge ahead of Friday’s big jobs report. Is Fed tapering still on, or not? We’ve got some strategies and names for you that pay, and are Fed-proof too. Plus, if hiring is slowing, then why are so many big companies going on hiring sprees? From Walmart to Fidelity, we’ll tally up the thousands of new job openings nationwide. And, in today’s tech-themed Rapid Fire: Apple wants to takeover your life, is TikTok killing Facebook?, and what Cathie Wood means by “transparency.”

Kelly explains why those who bought into 2020’s red-hot housing market may have bought in at a good time after all.

The delta variant put a huge dent in America’s reopening plans, and consumer confidence is sinking sharply as a result. We’ll recap today’s difficult data, and tell you how to position your portfolio ahead of Friday’s crucial labor report. Plus, the supply chain was already broken -- and then Hurricane Ida hit. We’ll speak to a company trying to regroup on the front lines. And, in today’s very meta Rapid Fire: video games, app stores and Zoom calls.

Kelly explains why it’s a matter of when, not if, renewable energy overtakes oil & gas.

Rescue & cleanup efforts are underway as Hurricane Ida slams Louisiana. We’ll bring you the latest details, including impacts for energy, oil & beyond. Plus, markets are rallying yet again today, reaching new highs for the S&P 500 and Nasdaq. But with September a historically weak month, where do markets go from here? We’ll debate. And, the travel rebound is hitting a roadblock, as airlines begin cutting capacity. Did recovery stocks get ahead of themselves? We’ll ask the experts.

Fed Chair Jay Powell’s taper commentary from Jackson Hole sending markets higher, Morgan Stanley’s chief U.S. Economist weighs in. With just four days away from the deadline for the U.S. to withdraw from Afghanistan, we discuss the geopolitical risks to the region and the role China could soon be playing in the country. Plus, despite Peloton shares falling today after the company cut bike prices for the second time, Loop Capital says selling the stock now is like selling Apple after it cut the price of iPods.

From global turmoil to a Fed on the verge of tapering to rising rates and inflation. A look at how all these factors are playing out in your investments.

Can the star-studded gathering of tech CEOs at the White House today help solve the ransomware scourge around the globe? We’ll discuss. Plus, Delta is now charging workers $200 per month if they haven’t been vaccinated. We’ll explore the rising cost of being unvaccinated in our country. And, in today’s Rapid Fire: a sector-by-sector stock showdown, including a faceoff in retail, the IPOs to watch and the best bank to buy right now.

Kelly explains why her Amazon Prime account was one subscription too many.

Amid new highs for the S&P 500 and Nasdaq, it might be tough to find an attractive entry point to buy in. We’ll speak to one market watcher who sees a potential opportunity ahead -- a big taper tantrum coming for the market. Plus, Tim Cook just finished a decade as CEO of Apple. We’ll look back at the highs and lows in his first ten years at the helm. And, in today’s Rapid Fire: the return-to-office debate, gyms & casinos on the road to recovery and why we’re still buying home office items and binging Netflix.

The FDA has finally approved Pfizer’s Covid-19 vaccine, and fresh vax mandates are already pouring in. How might this shape the path of the pandemic? We’ll explore. Plus, a California judge just ruled that Prop 22 is unconstitutional -- a big blow for rideshare firms like Uber. But we’ll talk to an analyst who says the stock is still a top pick. And, in today’s retail-themed Rapid Fire: high hopes for Gap earnings, why Peloton looks out of shape, and how to play the ‘ugly shoe’ trend.

Kelly explains how consumer spending isn’t missing from the official data, it’s simply not there.

It’s been an emotional ride for investors as they try to decipher if the Fed’s potential September taper is the right move. We’ll look at how you can best position yourself. Plus, China just passed one of the strictest data privacy laws in the world. We’ll explore what it means for stocks and U.S. companies operating there. And, in today’s Rapid Fire: with the rise of the delta variant, should investors start thinking about *never* returning to the office plans? We’ll dig into that.

New credit card spending data shows even more of a consumer slowdown than we previously thought. But one portfolio manager says the consumer has never been healthier. He’ll give us his top reopening play. Plus, we’ll speak exclusively with the litigation firm that’s bankrolling “landmark” legal action against crypto exchange Binance following its May 19th outage. And, could the delta variant and rise of new mask and vaccine mandates bring the restaurant recovery to a halt? We’ll ask the CEO of P.F. Chang’s.

Another round of weak economic data was released today, as housing starts disappoint Wall Street. But one fund manager is continuing to bet on both housing & the consumer. We’ll ask him if he fears the Fed’s taper. Plus, Robinhood releases its first results as a public company after the bell tonight. Can it live up to the ‘meme mania’ hype? We’ll discuss. And, in today’s Rapid Fire: Cathie Woods goes on offense, the crypto craze hits emerging markets and a controversy in China.