A decade of 3% gains, Elon Musk's $1M giveaways, and the view from the ground in China 10/21/24

IBM Vice Chair and former NEC Director during President Trump’s first term, Gary Cohn, weighs in on this afternoon’s Fed decision and who could potentially be the next Fed chair. Then the CEO of IHG Hotels and Resorts. His outlook for the travel sector and the impact of immigration raids on the labor force. Plus, the CEO of Ralph Lauren, following the company’s investor day. Laying out some new financial targets. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

“Money Movers” provides investors with real-time analysis of the stories and the people attracting the attention of the markets each day. Capturing the energy of day’s early trading, the program includes the breaking news and numbers driving stocks and sectors, helping investors make critical decisions. “Money Movers” anchors speak with the CEOs, government decision-makers and newsmakers who play a relevant role in how money is moving. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

New this hour: China’s trade negotiator says the countries have reached a framework trade agreement on TikTok. Then Tesla shares jump as Elon Musk reveals he purchased one billion dollars worth of stock. Plus, a number of unknowns still remain ahead of this week's Fed decision. Including the number of voters. A look ahead to the confirmation vote of Stephen Miran plus new details about the accusations of mortgage fraud against Lisa Cook. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

RH just the latest company to warn about the impact of tariffs on its earnings. Its CEO adding this is probably the worst housing market in 50 years. Then what could a potential bid from Paramount Skydance for Warner Brothers Discovery mean for the media landscape? And Novo Nordisk prepares for the launch of an oral version of its blockbuster weight loss drug. A look at the competition with Eli Lilly. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

New this hour: The Senate says it will vote on Stephen Miran’s nomination to be Fed Governor on Monday. Then former Fed Vice Chair Alan Blinder joins the show to break down his new op-ed arguing “The Assault on The Fed’s Independence Should Concern Everyone.” Plus, the power struggle between OpenAI and Nvidia. How OpenAI is looking to empower smaller rivals.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Sequia Partner and Klarna board member Andrew Reed joins the show ahead of the fintech company’s public debut at the NYSE. With a more than 20% stake, Sequioa is the largest shareholder. Then Tapestry announcing a new growth strategy and a $3 billion buyback. We sit down with the CEO. Plus, with Oracle shares jumping more than 40% after earnings, we look at how much the stock surge is adding to Oracle co-founder Larry Ellison’s wealth. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The CEO of AT&T says he doesn’t expect an iPhone super cycle following the release of the iPhone 17. Plus his thoughts on the company’s recent $23B deal with Echostar. Then the White House responds to the revised payroll data, saying the large change in numbers is why new leadership is needed. And the CEO of Barclays, live from the company’s financial services conference. His outlook for the economy and rate cuts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Breaking this hour: The Supreme Court allows President Trump to remove democratic FTC member Rebecca Slaughter pending further review.  Then new numbers detail Tesla’s falling market shares as a percent of EV sales in the United States. Plus NFL super-agent Drew Rosenhaus, on the shift to streaming and ratings from week 1 of the season. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

An unprecedent pay package for Tesla’s Elon Musk doesn’t come without some high performance benchmarks. How should shareholders be thinking about the potential compensation package? Plus, Lululemon shares plummet after an increasingly competitive environment and tariff headwinds dented outlook. The Street’s top retail analyst, JPMorgan’s Matt Boss lays out what to do with the stock. And then CEO of Nuclear company Oklo joins the show. After announcing plans to invest nearly $1.7B in a new nuclear waste recycling facility. Shares are up more than 1000% in the past year. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The CEO of Hewlett Packard Enterprise joins the show after a beat and raise in the most recent quarter. He breaks down how AI demand is impacting the business. Then the CEO of Abercrombie, on the company’s recently announced partnership with the NFL. How tariffs and consumer spending are impacting sales. Plus Apple CEO Tim Cook arrives at the White House, ahead of a rose garden event with other tech executives. A look at big tech’s relationship with Washington. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.