All right, your first guest today says that if we get lower rates, again, big if, it could bring new buyers into housing and some housing related stock. For more, let's bring in Charlie Brinsko, he is vice chairman of Aerial Investments. Charlie, it's great to have you on.I mean, you just heard Steve's comments. Listen, what the Fed does and what the bond market does can ultimately be different things as we are kind of finding out. The Fed cut last year, bond yields rose.What do you think would happen to ac ...

CarMax is higher. Uh the earnings, revenue beat, comp sales were good. Jenny, that's you.Yeah. So, it's interesting. So, it's still down about 10%.This is in our growth portfolio. I think it's a fantastic buy here. And the reason I mentioned the down 10% is because it hasn't run so much this year.So, where you stand is retail sales came in at plus 9%, gross profit was up 13%. And what's what's I think the most compelling part is that as tariffs do kick in and cars get more expensive, new cars get more expen ...

Front and center this hour, stocks searching for direction following the Fed meeting and that uncertainty over Iran. We'll trade all of it with the investment committee. Joining me for the hour today, Josh Brown, Stephanie Link, Jenny Harrington, Jason Snipe, our senior economics correspondent, Steve Leeman is with us as well as we check the markets here.We are mixed across the board. So, we're thinking about the Middle East. We're apparently two weeks away from any kind of decision there according to the p ...

Core Insights - Annaly Capital Management, Inc. (NLY) is significantly impacted by mortgage rates, which have recently declined, with the average rate on a 30-year fixed-rate mortgage at 6.81% as of June 18, 2025, down from 6.87% a year ago [1] Group 1: Mortgage Rates and Demand - Lower mortgage rates are expected to improve housing affordability challenges, leading to increased loan demand [2] - The decline in mortgage rates is anticipated to enhance purchase originations and refinancing activities, which will likely improve NLY's book value as spreads in the Agency market tighten [3] Group 2: Financial Performance - Annaly's net interest income (NII) rose to $219.9 million in Q1 2025, a significant recovery from a negative NII of $6.45 million in the same quarter the previous year, aided by the Federal Reserve's interest rate cuts of 100 basis points in 2024 [4] - The upward trend in NII is expected to ease earnings pressure for Annaly, thereby supporting the company's overall performance [4] Group 3: Competitive Landscape - AGNC Investment's NII also reflects the influence of mortgage rates, with a reported NII of $159 million compared to a negative NII of $30 million in the prior-year quarter, indicating a potential reduction in operational challenges [5] - Arbor Realty Trust (ABR) experienced a 27.2% year-over-year decline in NII to $75.4 million in Q1 2025, but is expected to benefit from lower mortgage rates, which may ease earnings pressure [6] Group 4: Stock Performance and Valuation - NLY shares have increased by 9.6% over the past year, outperforming the industry growth of 4.5% [7] - Annaly's forward price-to-tangible book (P/TB) ratio stands at 0.98X, slightly above the industry average of 0.96X [10] Group 5: Earnings Estimates - The Zacks Consensus Estimate for NLY's 2025 earnings indicates a year-over-year increase of 6.3%, with a further growth expectation of 1.4% for 2026, reflecting upward revisions in estimates over the past 60 days [12]

Core Insights - Home Depot Inc. is experiencing strength in smaller-scale DIY and maintenance projects, but a revival in big-ticket remodel and renovation spending is necessary for sustained top-line growth [1][3] - Big-ticket sales grew only 0.3% in Q1 fiscal 2025, contributing to a 0.3% decline in overall comparable sales, with U.S. comps up just 0.2% [2][9] - The company anticipates continued pressure on big-ticket renovations due to no major improvement expected in interest rates or housing turnover in 2025 [3] Company Strategy - Home Depot is positioning itself to capture future spending surges through financing options for professionals and streamlined lending tools for consumers [4] - The company is maintaining high in-stock rates for building materials to fulfill large orders promptly when market conditions improve [4] Market Context - Competitors like Lowe's and Walmart are also facing challenges in big-ticket categories, with cautious consumer behavior impacting discretionary purchases [6][7][8] - A recovery in big-ticket demand is critical for both Home Depot and its competitors, as it can significantly influence overall revenues and growth strategies [7][8] Financial Performance - Home Depot's shares have declined 10.8% year-to-date, compared to a 13.9% decline in the industry [11] - The forward price-to-earnings ratio for Home Depot is 22.31X, higher than the industry's 19.68X, indicating a premium valuation [12] - The Zacks Consensus Estimate for fiscal 2025 earnings implies a year-over-year decline of 1.3%, while fiscal 2026 estimates indicate a growth of 9.2% [14]

a lot of investors very uncertain about the direction of rate cuts into the end of the year. Currently, the market is pricing in around two, but you had Atlanta Fed President Raphael Bostic saying maybe one this year. Do you think given where we stand in the economy today that the Fed has room to cut.I think um I think the Fed right now uh should not cut monetary should not cut interest rates and it's in a very difficult position to try to balance these things. There's a great deal of uncertainty and there' ...

Money supply and interest rates generally have an inverse relationship. Learn more about the link between them. https://t.co/UcZevKDEmN ...

LOWER AT 3.5%, 76 $.06 AS POSSIBLY DIPLOMACY COULD RULE THE DAY. POWELL'S BIGGEST CRITIC. PRES.TRUMP: WE HAVE A STUPID PERSON AT THE FED. HE IS A POLITICAL GUY WHO'S NOT A SMART PERSON. WHAT I WILL DO, HE GETS OUT AND ABOUT NINE MONTHS.HE GETS TERMINATED. MAYBE I SHOULD GO TO THE FIT. MY ALLOWED TO APPOINT MYSELF AT THE FED.I WOULD DO A MUCH BETTER JOB. WE SHOULD BE TWO POINTS LOWER. LISA: PRESIDENT DONALD TRUMP CONTINUING HIS CRITICISM OF THE FED CHAIR, WRITING ON TRUTH SOCIAL "TOO LATE JEROME POWELL IS CO ...

I'm pleased to uh bring in uh Fed Governor Christopher Waller. Uh he is um joining us this morning from Washington. Good morning, Governor Waller. Good morning, Steve.Thanks for having me on. Uh thank thanks for joining us. Um I just want to begin um big debate and you can see it in the outlook for rates at the at at uh from the uh summer of economic projections.Where do you stand in this debate right now over how much concern we all should have over coming potential inflation from tariffs. Steve, you know, ...

guest for us right now as well. >> Yeah. Andrew, I'm pleased to bring in Fed Governor Christopher Waller.He is joining us this morning from Washington. Good morning, Governor Waller. >> Good morning Steve.Thanks for having me on. >> Thanks for joining us. I just want to begin big debate, and you can see it in the outlook for rates at the from the some of economic projections.Where do you stand in this debate right now over how much concern we all should have over coming potential inflation from tariffs. >> ...