Nightly Business Report

Kelly explains why the only way to reignite the value/reopening trade might be for the Fed to "taper" its own taper talk.

Stocks staging a broad sell-off, but what’s to blame: Fed taper talk, disappointing economic data or the Delta variant? We discuss. In today’s Rapid Fire, a look at IPO woes…Wish CEO’s dismal outlook, Roblox’s reopening wreck, The Honest Company’s rough week and BeachBody’s big investor. Plus, if Congress doesn’t extend the debt ceiling limit, there could be fallout that one investor says would make the Financial Crisis of 2008 look like a “three-minute, G-rated movie trailer.’ He joins us to discuss the potential generations-long impact on the muni market.

Last week saw consumer sentiment plunge, and now New York area manufacturing is slumping too. Is the Fed about to make a major policy mistake by tapering asset purchases too soon? We’ll debate. Plus, China is seizing on an opening in Afghanistan as the U.S.-backed government collapses. How big a setback will this be on the world stage? We’ll discuss. And, the crypto market tops $2 trillion again amid Bitcoin’s remarkable rally. We’ll talk about the turnaround, and what the crypto bulls are now saying about Ethereum, too.

Kelly highlights the destabilization unfolding in Afghanistan right now, and the fallout and geopolitical risks for investors.

Kelly sounds off about expectations that core inflation next year will "only" be 2.5%.

The ‘reopening’ stocks aren’t working right now, and neither are ‘stay-at-home’ names. So how is the market still at all-time highs? We’ll discuss. Plus, a family sold everything and put their money into Bitcoin when it was at $900. We’ll highlight the extreme lengths they take to keep the fortune they’ve accumulated safe. And, in today’s Rapid Fire: Disney’s big beat, Apple’s privacy problems and why “Free Guy” could serve as a barometer for the future of the box office.

Some states ended extended unemployment benefits this year, while others didn’t. What’s happened to the workforce since then? We have new data. Plus, we’ll speak with the man who’s helping bring Bitcoin to El Salvador, and also working to make cryptos real currency by making payments both easier & cheaper. And, the author of a new book called “The Debt Trap” joins to discuss how America’s student debt crisis came to be, and potential solutions to solve it.

We’ll speak exclusively with Dallas Fed President Robert Kaplan about today’s soft CPI report, and whether it’s changed his mind about tapering. Plus, it’s not just home buying that’s hot right now. There are now bidding wars for RENTALS! We’ll bring you the sky-high numbers. And, shares of secondhand e-commerce platform ThredUp are lower despite a relatively positive Q2. We’ll discuss earnings & the road ahead with the CEO.

The Infrastructure bill has finally passed through the Senate. Who stands to benefit from $1 trillion in spending? We’ve got some stock picks. Plus, a foam shortage is tying up production of furniture and other household products. We’ll talk to the CEO of Huntsman in our ‘Out of $tock’ series. And, in today’s Rapid Fire: Domino’s gets saucy, Google proposes a work-from-home pay cut, and why the ‘buy now, pay later’ trend could create a credit conundrum.

There’s a digital currency caught in the middle of Congress’ attempt to move the Infrastructure bill forward. We’ll explain why. Plus, we’ll speak with former hedge fund manager John Arnold about his battle against firms like Fidelity when it comes to charity. And, we’ll reveal the newest way that you can make money in the housing market, even when you’re not actually selling your house.

The U.S. added nearly 1 million jobs in July, as the unemployment rate drops to 5.4%. Is the labor market stronger than we thought? We’ll explore. Plus, companies have extra cash on hand, and they’re putting it to use. We’ll tell you one sector where buybacks should keep rolling. And, Idaho is running a $900 million surplus, so that means its taxpayers are getting a refund. We’ll talk to the state’s governor all about it.

On the eve of tomorrow’s jobs report, we’ll take a look at current employment trends amid the ongoing worker shortage with Recruiter.com CEO Evan Sohn. Plus, with mask and vaccine mandates on the rise, could we all be going back to ordering takeout soon? We’ll ask the CEO of Papa John’s. And, in today’s Rapid Fire: semiconductors surge, Uber’s surprise profit and Yelp adds new filters to keep you up-to-date on Covid requirements.

Stocks are falling today on a disappointing jobs number, but Robinhood is soaring on the return of ‘meme mania.’ We’ll bring you all the market angles today. Plus -- is refusing to get the Covid vaccines the new smoking? We’ll speak with former HHS Secretary Kathleen Sebelius about how insurers should handle unvaccinated folks. And, we’ll speak with the founders of two different businesses who are evolving with the “new normal” as the delta variant rises and the pandemic continues.

Another trillion dollars is about to be pumped into the economy via the new bipartisan infrastructure bill. But what is all of this government spending doing to the national debt? We’ll ask the Director of the National Economic Council. Plus, China-backed hackers reportedly compromised 5 major telecom companies. We’ll talk to a cyber expert who’s calling it the “holy grail” of espionage. And, mask mandates are making a comeback, with vaccine mandates on the rise too. We’ll speak with a company trying to make this “new normal” easier for workers.

China’s crackdown is costing its own companies $1 trillion in market cap. But now it wants to work with the SEC on IPOs. Does that mean there’s more value than expected in Chinese-listed companies right now? We’ll explore. Plus, the labor shortage is hurting most industries, but it’s coming at a critical time for cyber security. Is the U.S. vulnerable to attacks? We’ll debate. And, Bridgestone CEO Paolo Ferrari joins to discuss his company’s path forward, and how it’s attempting to innovate its way out of a rubber shortage.

Legendary investor Howard Marks of Oaktree Capital joins us with his take on the economy, markets and inflation. Does we agree with Scott Minerd’s bold call that a big market correction is coming? We’ll ask him that, too. Plus, Chevron is having a stellar year as the energy sector outperforms. We’ll speak exclusively with its CEO about earnings, ESG and more. And, should China be considered a separate asset class from the rest of the world? We’ll look at what’s at stake as regulators crack down.

Shares of Robinhood begin trading on the Nasdaq after pricing on the low end of its IPO range. We’ll cover all the details, including questions about its future, its ongoing legal battles, payment for order flow & much more. Plus, Kimco Realty -- one of the nation’s biggest mall operators -- just reported a bounce back in occupancy rate & hiked its 2021 outlook. We’ll speak with the CEO. And, the CEO of Molson Coors joins to discuss its big sales growth this quarter, the pulse of the consumer and where inflation is starting to creep in its business.

We’re just an hour away from the latest Fed rate decision, and it’s all about the two ‘T’s’: Transitory & Tapering. We’ll bring you full Fed coverage from every angle, and lay out everything in detail from timing to yields, and Chair Jerome Powell’s future. Plus, we’ll speak exclusively with the CEO of Pfizer about the company’s big profits, future sales forecast and what to expect from the next wave of Covid. And, we’ll take a hard look at what to expect from two of the best-performing tech stocks this year: Facebook & PayPal.

Kelly explains why the rising costs of college, health care and other expenses today could have a huge impact on the number of available workers to fill the labor force in years to come.

Just as earnings season was set to change the market narrative, the CDC is expected to recommend more mask wearing as the Delta variant spreads. Is this a blip on the economic radar, or something much more drastic? We’ll ask our market experts what it means for you and your investments. Plus, just because you don’t own a Chinese ETF doesn’t mean the crackdown there won’t impact your money. We’ll explain what’s at risk right now. And, in today’s Rapid Fire: China’s crackdown leaves ETFs exposed, Elon Musk takes aim at Apple and BofA forecasts a late summer surge in lumber prices.