CFRA downgrading Tesla from hold to sell. The analyst saying that the stock's valuation has become detached from fundamentals. Joining me now is the author of that note, CFRA analyst Garrett Nelson.Garrett, it is great to see you. So, you go to a sell on Tesla. Garrett, you are betting against Elon Musk.Walk us through why. Sure. Thanks for having me.You know, this really follows a growing disconnect between the performance of the stock uh since it bottomed in April. The Tesla shares are up more than 85% co ...

Monetary Policy Outlook - The market initially reacted positively to the 25 basis points (0.25%) rate cut and the signal of two more cuts expected later in the year [1] - Economic projections of higher inflation and higher growth are inconsistent with the rate cuts [1] - The Fed is projected to miss its inflation target for seven consecutive years [2] Forward Guidance & Internal Disagreement - There is a large dispersion in interest rate expectations among Fed members, indicating a lack of clear forward guidance [2] - Despite only one dissenting vote, underlying issues suggest a lack of consensus and potential confusion within the Fed [2]

Now you a couple of months ago made some waves by suggesting that JPAL should step down already on your show as head of the central bank. Exactly. We talked about it. Um you faced a lot of skepticism uh on that um from various quarters and now you're saying even if he doesn't step down, there are certain changes he should be making now to put the Fed on better footing going into the leadership change. What what changes should he be making? So let's talk about discussion of July. At the time I was worried th ...

Company Performance & Leadership - Open Door's CFO is departing, with Christy Schwarz named as interim CFO, who previously served in the same role in 2022 [1] - Open Door's Q2 earnings showed positive EV (likely EBITDA), with revenues slightly higher than expected, but Q3 was projected to be worse than analysts anticipated [4] Market Dynamics & Meme Stock Phenomenon - Open Door has experienced a significant stock price increase, transitioning from below $1 to nearly $10 per share, driven by retail investor interest and meme stock dynamics [1][2] - The stock's movement is largely based on expected improvements in housing market fundamentals rather than actual positive changes [5][6] - Retail investor activity, including high-net-worth individuals, significantly influences market flows, with Goldman Sachs' basket of retail-owned stocks up over 13% in 10 days [8][15][16] - Weekly options play a crucial role in driving stock movements, with aggressive buying of near-the-money call options amplifying positive catalysts [17][18] Strategic & Operational Focus - The return of co-founders and Shopify's former COO to leadership roles was influenced by the increase in stock price and retail investor interest [5][9] - Open Door has addressed retail shareholder demands, including the resignation of the old CEO, the return of a co-founder to the board, and the termination of insider selling programs [10][11] - Open Door needs to demonstrate consistent quarterly improvements and address key spreads related to home buying/selling, agent commissions, and potential mortgage financing [12]

President Trump touting progress following his call with Chinese President Xiinping, saying on Truth Social that the leaders discussed trade, fentanyl, the need to bring the war between Russia and Ukraine to an end, and the approval of the Tik Tok deal. He went on to say the two will meet at the Apex Summit in South Korea, and that he'll go to China in the early part of next year. Joining me now to discuss, Ian Bremer, Eurasia Group founder and president.Ian, it's always good to talk to you and get your per ...

President Trump touting progress following his call with Chinese President Xiinping, saying on Truth Social that the leaders discussed trade, fentanyl, the need to bring the war between Russia and Ukraine to an end, and the approval of the Tik Tok deal. >> No one was expecting any breakthroughs on any of this. I mean, you couldn't have a more different dynamic.There's now a shift. I think it'll be more stable, be more predictable. In the pre-liberation day runup, it wasn't.People were expecting that there w ...

Market Trends & Investment Opportunities - The market responded positively to seemingly productive talks between President Trump and China's President Xi Jinping, with major indexes closing higher and at record levels [2] - A Goldman Sachs basket of stocks most owned by retail traders is up over 13% in the past 10 days, marking its first-ever 10-day winning streak, indicating a broader trend beyond just one company [10] - The Fed's September rate cut and five straight weeks of mortgage rate declines are providing some relief to buyers, but affordability remains a significant challenge [36] Open Door Analysis - Open Door's CFO is departing, with Christy Schwarz named as interim CFO, effective at the end of the month [3] - Open Door's stock experienced a surge, going from below $1 to nearly $10 a share, driven by expectations of a turnaround in the housing market and retail investor interest [4] - Open Door's second-quarter earnings showed positive EBITDA, but the third quarter is expected to be worse than analysts anticipated [6][7] - The return of co-founders and Shopify's former COO to Open Door is attributed to the increased stock price and retail investor interest [7][11] - Open Door needs to improve its spreads in home buying/selling, agent capture, and potentially mortgage financing to convince the broader market [15] Meme Stock & Retail Investor Impact - Retail investors actively involved in Open Door are often accredited investors with significant capital, influencing market movements [18][19] - Weekly options play a crucial role in driving stock movements, with aggressive buying of near and out-of-the-money call options reinforcing upward trends [20][21] - Transparency and open communication with shareholders have been key to winning over retail investors in the Open Door situation [12][13][14] Housing Market Dynamics - The housing market is highly sensitive to interest rate changes, with purchase applications picking up when rates decline [37] - A "lethal combination" of high home prices relative to income, elevated interest rates, rising maintenance costs, rising insurance, and rising taxes is holding back buyers [40][41] - Sellers are facing challenges due to a mismatch of expectations and reality, with some pulling their listings due to not seeing the rapid price increases they were accustomed to [43][44] US-China Relations - The US and China are engaging in serious negotiations, with potential for a more stable and predictable relationship compared to the pre-"Liberation Day" period [23][25] - Potential agreements include the Tik Tok deal and restrictions on precursor chemicals for fentanyl export from China, which could lead to tariff reductions [27][28] - China is building an alternative global order, suggesting countries cannot trust the US and should work more with China [29] Global Political Landscape - While many leaders do not want to fight with the US, many lack trust in the US president, leading them to hedge away from the US long term [32] - The G7 is not united in its support for the rule of law, multilateralism, and the UN, potentially allowing China to gain more influence [35]

ing bell on Wall Street here on this Friday afternoon. IBM ringing the bell on the floor of the New York Stock Exchange, White Fiber, with the uh the bell pushing the button, let's say, uh up in Times Square at the NASDAQ market site. It's market domination overtime, giving you full coverage of all the moves to get you up to speed on the action from today's trade.Let's take a look at the markets record highs once again. Yahoo Finances Anz Fereet standing by to break it all down for us. Anz.Yeah, Miles. Anot ...

All right, newly installed Fed Governor Steven Myron is saying he favored a bigger rate cut at the recent FOMC meeting. Here with the latest on this story is our Fed correspondent Jennifer Shawnberger. Jen, good afternoon.miles. New Federal Reserve Governor Steven Myron said he favored a jumbosized rate cut at the central bank's policy meeting earlier this week because he doesn't see any inflation from tariffs and he favors a policy rate that does not restrict the economy nor spur it. Myron telling CNBC in ...

US stocks are trading near record highs after the Federal Reserve lowered interest rates by 25 basis points on Wednesday. Queens' College Cambridge president Mohamed El-Erian, IBM's Vice Chair Gary Cohn, Former Federal Reserve Bank of Cleveland CEO and president Loretta Mester and Senator Elizabeth Warren (MA-D), EY Parthenon chief economist Gregory Daco and J.P. Morgan's Asset Management global market strategist Merra Pandit weigh in on Fed rate cuts and the impact on markets. To watch more expert insights ...