Episodes

2d ago

This week we’re bringing you an episode of our sister podcast What’s News Sunday, a weekly show tackling the big questions about the biggest stories in the news. In this week’s special episode, Lingling Wei, WSJ’s Chief China Correspondent, focuses on how China has been making major inroads on the technology front from artificial intelligence to autonomous driving, complicating its relationship with the U.S. She is joined by Peter Landers, WSJ’s Asia Business Editor, and Victor Wang, a Silicon Valley venture capitalist to address audience questions related to this dynamic tech race. Learn more about your ad choices. Visit megaphone.fm/adchoices

6d ago

In this week's episode of WSJ’s Take On the Week, co-host Telis Demos and guest host Hannah Erin Lang discuss the Federal Reserve's recent rate cut and whether further easing is expected in 2026. They get into the upcoming CPI report, which is expected to show stubborn inflation, and how that could pressure consumer stocks like Nike and General Mills. The hosts also look at the busy slate of global central bank decisions from the EU, the U.K., and Japan — highlighting how a potential rate hike from the Bank of Japan could impact the U.S. dollar. They also discuss whether the latest jobs report reveals the growing impact of artificial intelligence on the labor market? After the break, Telis is joined by Ajay Rajadhyaksha, global chairman of research at Barclays, to explore the relationship between AI and the economy. Rajadhyaksha explains why he doesn’t see AI causing net job losses yet, but rather a slowdown in new hiring and wage pressure. He argues that the huge amount of AI spending is keeping the economy growing right now. However, he warns that if the AI investment falters, there could be consequences for the U.S. economy. Finally, Ajay offers his take on why investors should look to markets like Japan and Korea for AI opportunities. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading Tens of Thousands of White-Collar Jobs Are Disappearing as AI Starts to Bite How the U.S. Economy Became Hooked on AI Spending More Big Companies Bet They Can Still Grow Without Hiring The AI Data-Center Boom Is a Job-Creation Bust For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Follow Gunjan Banerji here and Telis Demos here . Learn more about your ad choices. Visit megaphone.fm/adchoices

Dec 7

In this week’s episode of WSJ’s Take On the Week, co-host Telis Demos is joined by WSJ markets reporter Hannah Erin Lang to discuss the return of investor optimism as the S&P 500 approaches all-time highs ahead of the FOMC’s upcoming meeting. They also analyze the next test for the AI trade: earnings from Oracle and Adobe this week. Plus, the U.S. dollar is sliding as the Federal Reserve prepares to cut rates while Japan signals hikes. The hosts discuss how this could drive capital abroad. After the break, Telis sits with Nate Wuerffel, head of market structure and product head for the global collateral platform at BNY, to discuss the Fed’s other big decision: How large a balance sheet should it maintain? Wuerffel, a former New York Fed official, explains the mechanics of quantitative tightening and the risks of "scarce” reserves. They explore how liquidity in the "plumbing" of the financial system affects everyday consumers through higher mortgage costs and discuss the importance of a liquid Treasury market in preventing crises like 2023’s Silicon Valley Bank failure. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading The Fed’s Tool for Calming Short-Term Funding Markets Is Being Tested Fed’s Williams Expects Central Bank to Return to Asset Purchases Soon The Fed’s $6.6 Trillion Test: When to End Its Portfolio Runoff A Little Dual Easing Soon Could Help the Fed Avoid Major Easing Later The Repo Market: What It Is, and Why Everyone Is Talking About It Again For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Follow Gunjan Banerji here and Telis Demos here . Learn more about your ad choices. Visit megaphone.fm/adchoices

Nov 23

In this week's episode of WSJ’s Take On the Week, co-host Telis Demos and guest host Hannah Erin Lang discuss the volatility of the AI trade and how Nvidia's earnings report at least somewhat helped restore investors’ faith. They analyze new signals from retailers, including those who recently reported earnings, such as Target and Walmart, about the K-shaped U.S. consumer economy and the uneven spending patterns heading into the crucial Black Friday and holiday season. The hosts also note that the recent market choppiness, which saw gold and bitcoin fall, highlights the impact of the AI trade on the broader market. Upcoming earnings from companies like Dell Technologies, which has talked about AI as a driver, and consumer-staples companies and retailers, including J.M. Smucker, Kohl's and Abercrombie & Fitch, will provide further reads on both AI and the health of the consumer. After the break, Telis talks with Luca Paolini, chief strategist at Pictet Asset Management, to discuss why U.S. investors should diversify their investment portfolios outside of their home market. They explore Pictet’s theory of the “great convergence,” where non-U.S. economies like Germany, Japan and Latin American markets are expected to close the growth gap with the U.S. Paolini makes the case for why the dollar's strength is fading, a key part of the dollar debasement trade, and why the outperformance of the MSCI World Index excluding the U.S. highlights the need for a long-term diversification strategy. He also outlines specific investment opportunities in alternative assets and foreign markets. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. As we look ahead to 2026, what major economic, markets or finance question is top of mind for you? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading Here’s Why Stocks Gave Up Their Gains It’s a Scary World, but Investing Abroad Has New Attractions Delayed Data Show Strong Hiring, but Offer Little Clarity for Fed Nvidia’s Strong Results Show AI Fears Are Premature The Crypto Trades That Amplified Gains Are Now Turbocharging Losses For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Follow Gunjan Banerji here and Telis Demos here . Learn more about your ad choices. Visit megaphone.fm/adchoices

Nov 16

In this week's episode of WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos discuss the lingering economic impact of the U.S. government shutdown and why a lack of crucial inflation and jobs data is making the outlook murky for the Federal Reserve. Next, Nvidia is set to report its third-quarter earnings this week. And Morgan Stanley estimates that only half of the roughly $3 trillion in global data center spending through 2028 could be funded by projected cash flows. So how are tech companies going to fund the rest? Then after the break, Telis is joined by Guy LeBas, chief fixed income strategist at wealth management and investment banking firm Janney Montgomery Scott, to explore how the AI revolution will be financed. Oracle, Meta and Google parent Alphabet have made bond offerings valued in the tens of billions. LeBas explains that the trillions needed to help fund data centers will force tech hyperscalers to issue massive new debt, potentially increasing the size of the corporate bond market by 20% a year. And he talks about whether the AI bubble could find its way into the bond market. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. As we look ahead to 2026, what major economic, markets or finance question is top of mind for you? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading Who Will Pay for the AI Revolution? Retirees Is the Flurry of Circular AI Deals a Win-Win—or Sign of a Bubble? Meta Finishes Jumbo Bond Sale; Yield Climbs While Stock Slides BlackRock Among Biggest Investors in Meta’s Giant Data-Center Debt Deal AI Borrowing Floods Debt Markets Big Tech Is Spending More Than Ever on AI and It’s Still Not Enough Oracle's $18 Billion Bond Sale Meets Strong Investor Demand For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Follow Gunjan Banerji here and Telis Demos here . Learn more about your ad choices. Visit megaphone.fm/adchoices

Nov 9

In this week's episode of WSJ’s Take On the Week, co-host Telis Demos and guest host Miriam Gottfried discuss the Supreme Court case challenging President Trump's reciprocal tariffs and how that’s playing out in the markets. Next, they look at affordability as the winning message from recent elections, such as Zohran Mamdani’s successful campaign to be the next mayor of New York City. Plus, they explore the recent drama in the private credit market after executives at Blackstone downplayed the “cockroach” fears sparked by JPMorgan Chase CEO Jamie Dimon. After the break, Miriam is joined by Michael Nathanson and Robert Fishman, senior media analysts at MoffettNathanson, to break down the potential Paramount Skydance and Warner Discovery merger. First, the analysts explain why global scale is a necessity for traditional media companies to compete with Disney, and big tech giants like Netflix, Amazon and Google’s YouTube. Later, the analysts discuss whether a merger will follow historical examples and fail to generate value for shareholders or whether this time truly is different. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading Warner Discovery Moving Fast on Split or Sale, CEO Says Supreme Court Appears Skeptical of Trump’s Tariffs Wall Street Couldn’t Stop Mayor Mamdani. Now It Has to Work With Him. Private-Credit Earnings Ease Investor Concern Over Asset Class’s Health For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Follow Gunjan Banerji here and Telis Demos here . Learn more about your ad choices. Visit megaphone.fm/adchoices

Nov 2

In this week's episode of WSJ’s Take On the Week, guest host Miriam Gottfried speaks with Eric Resnick, CEO of private equity investment manager KSL Capital Partners, about the resilience of the travel and leisure sector. He explains why he sees leisure travel demand as a powerful anchor that allows the sector to defy pressures typically seen during an economic downturn. We dive into the outlook for corporate travel, the challenges facing new hotel construction, the rising experiential economy and what investors should be watching for as lodging companies like Marriott and Airbnb release their earnings this upcoming week. Correction: Hilton Grand Vacations released their earnings on Oct. 30. An earlier version of this podcast incorrectly said it was releasing its earnings this upcoming week. (Corrected on Nov. 3) This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Follow Gunjan Banerji here and Telis Demos here . Learn more about your ad choices. Visit megaphone.fm/adchoices

Oct 26

In this week's episode of WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos discuss market speculation, from the recent sputtering in the gold rally to what to expect from this week's Federal Reserve meeting. Next, Apple is reporting earnings this week, but the company saw a bump after a research report was released saying the company saw strong sales with its latest iPhone. Later, Robinhood has come a long way since the meme stock mania, entering the S&P 500 company earlier this year and knocking on the door of being the largest publicly traded brokerage company. Christian Bolu, a senior analyst at Autonomous Research, joins Telis to dig into how Robinhood has transformed, how it stacks up to its competitors, such as Interactive Brokers, Charles Schwab, Polymarket and even sports betting company FanDuel, and how much more runway the platform has to grow. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading Gold Price Suffers Worst Day in More Than a Decade; Silver, Platinum Drop Apple Stock Hits New Record on Report of Strong iPhone Sales FanDuel Places Opening Bet on Promising but Precarious Prediction Markets NHL Deal With Kalshi, Polymarket Adds to Pressure on Sports-Betting Companies NYSE Owner to Invest Up to $2 Billion in Polymarket Not Your Daddy’s Broker: How Robinhood Stacks Up Against Charles Schwab Robinhood Stock Gets a Prediction Market Boost Robinhood Markets to Join the S&P 500 Index For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Follow Gunjan Banerji here and Telis Demos here . Learn more about your ad choices. Visit megaphone.fm/adchoices

Oct 19

In this week's episode of WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos dig into the latest big bank earnings and what they signal about the health of the U.S. consumer. Next, they explore the disconnect between potential economic warning signs and the market’s speculative fever, where the “buy the dip” mentality continues to drive stocks to new records. Finally, they look ahead to the upcoming earnings from Coca-Cola, Keurig Dr Pepper, Colgate-Palmolive, Ford and GM. Then, after the break, Rob Arnott, founder of investment firm Research Affiliates, joins Gunjan to chat about the stock market bubble. Arnott explains his case for why the market is "priced for perfection," and later, he breaks down how government stimulus and the rise of index funds are fueling the rally. And where can investors find opportunities in a frothy market? Arnott has an answer. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading Big Banks Cash In on Well-Heeled Borrowers The Nation’s Biggest Banks Are Saying the Economy Is Still Strong Trump’s Threat on Higher China Tariffs Wipes Out Stocks’ Weekly Gains U.S., China Aim for a Delicate Balancing Act on Trade An Unlikely Investing Hack: Why You Can Sleep Soundly and Earn More For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Follow Gunjan Banerji here and Telis Demos here . Learn more about your ad choices. Visit megaphone.fm/adchoices

Oct 12

In this week's episode of WSJ’s Take On the Week, co-hosts Telis Demos is joined by Miriam Gottfried to tackle gold’s continued rally. They discuss the debate over whether its surge is a bet against the U.S. dollar or simply "catastrophe insurance" against a faltering AI-led stock market. Plus, with the U.S. government shutdown delaying key economic reports, investors are turning to Bank of America, Carlyle Group and likely this week’s bank earnings for clues on the economy's health. After the break, Telis is joined by Chris Whalen, chairman of Whalen Global Advisors, and they get into this week’s coming earnings from JPMorgan Chase, Citigroup, Wells Fargo, Goldman Sachs and more. Whalen explains why real trouble is brewing for banks in commercial real estate and private equity. And he shares what indicators he is looking out for in their earnings this coming week. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading: Gold Prices Top $4,000 for First Time Gold Screams ‘Debasement Trade.’ Bonds Say Otherwise. Stocks Fall After Report Raises Concerns About AI Profitability A New Wall Street Trade Is Powering Gold and Hitting Currencies The Unofficial Jobs Numbers Are In and It’s Rough Out There Big Banks Are Spinning Market Chaos Into Gold Credit-Card Users Are Cautious Now. Rate Cuts Could Open the Floodgates. Want to Know Where the Economy Is Headed? Look at These Banks For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Follow Gunjan Banerji here and Telis Demos here . Learn more about your ad choices. Visit megaphone.fm/adchoices

Oct 9

In both economics and politics, there is a widespread view that central banks should be free of political pressure, with cautionary tales around the world of what happens when politicians meddle: out of control inflation, spiraling debt crises and economic collapse. And with the U.S. Federal Reserve's independence now under attack by President Trump, WSJ chief economics correspondent Nick Timiraos joins business and finance editor Alex Frangos , markets reporter Chelsey Dulaney and senior markets columnist James Mackintosh for our roundtable podcast exploring the impact on today’s investors, markets and the economy. Plus, Nick details the fallout from President Trump’s attempt to remove Fed Governor Lisa Cook and unpacks the historical context of what has shaped our idea of Fed independence, including the Great Depression, World War II and the high inflation of the 1970s. And they discuss how politics can impact the Fed’s goal of regulating the economy and keeping inflation under control. Further Reading Fed Minutes Reveal Divide Over Outlook for Cuts The Supreme Court Just Became the Last Line of Defense for Fed Independence Supreme Court Allows Lisa Cook to Keep Her Job for Now Fed Independence Reaches Its Moment of Truth as Supreme Court Weighs Cook’s Fate Powell’s Last Stand: Balancing a Tricky Economy and Intense Political Pressure Trump Says He Is Removing Fed Governor Lisa Cook Appeals Court Rejects Trump Request to Remove Fed Governor Lisa Cook Why the Market Doesn’t Care Much About Trump Firing the Fed’s Cook Further Podcasts The Federal Reserve Under Siege Extreme Inflation From A to Z: Argentina Extreme Inflation From A to Z: Turkey Extreme Inflation From A to Z: Zimbabwe For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on the Street Column and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Send us an email to let us know what you think of the roundtable format: takeontheweek@wsj.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Oct 5

In this week's episode of WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos explore how the Federal Reserve’s independence, a government shutdown and volatility around tariffs are driving gold to hit record highs. Then, does videogame maker Electronic Arts’ $55 billion buyout signal a long-awaited M&A boom? Plus, they discuss the “debasement trade” and how concerns over the U.S. dollar are also fueling a rally in bitcoin ETFs issued by firms like BlackRock. Then after the break, Gunjan sits down with Neene Jenkins, head of municipal research at JPMorgan Asset Management, to dive into municipal bonds, which are used to fund infrastructure, highways, sewer systems and school districts. Is higher education issuing more debt because of federal challenges? Later, they discuss the sector's resilience to government shutdowns, and Jenkins answers a key question: How likely is a recession? This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading Municipal Bonds May Not Remain This Cheap For Long Are Muni Bonds Still a Darling on Wall Street? It Depends Who You Ask A Mystery in the High-Yield Muni Market: What Are the Riskiest Bonds Worth? ETFs Are Flush With New Money. Why Billions More Are Flowing Their Way. A Once Unstoppable Luxury Housing Market Is Starting to Crack Electronic Arts Goes Private for $55 Billion in Largest LBO Ever For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Follow Gunjan Banerji here and Telis Demos here . Learn more about your ad choices. Visit megaphone.fm/adchoices

Oct 2

Artificial intelligence spending is hitting epic levels as Big Tech companies shell out for massive data centers to power new chatbots and other AI services. But will the spending--expected to amount to trillions of dollars in the coming years--pay off for investors? This week on our columnists roundtable, business and finance editor Alex Frangos , markets reporter Chelsey Dulaney and senior markets columnist James Mackintosh are joined by Heard on the Street tech columnist Dan Gallagher to discuss the promise of AI. They discuss the major investment deals announced by Nvidia, OpenAI, Oracle, Microsoft and Alphabet and dig into the use of debt to finance growth , including by companies like CoreWeave, which has emerged as a key player in the data-center buildout. Plus, they separate fact from fiction when it comes to comparisons between AI and the dot-com bubble . And, finally, our panel answers a question from our previous about the tax implications of buying gold . Further Reading Spending on AI Is at Epic Levels. Will It Ever Pay Off? Debt Is Fueling the Next Wave of the AI Boom What the Dot-Com Bust Can Tell Us About Today’s AI Boom CoreWeave, Meta Enter $14.2 Billion AI Cloud Infrastructure Deal Nvidia to Invest Up to $100 Billion in OpenAI Nvidia Has a Problem: Too Much Money Oracle Is the New Nvidia, for Better or Worse For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on the Street Column and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Sep 28

In this week's episode of WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos kick things off by talking about perpetual futures or “perps,” which are offering turbocharged bets on bitcoin. Next, with the September jobs report out this week, they break down what investors should be looking out for beyond the headline number. Later in the show, Telis is joined by John Murphy, a managing director of strategic advisory at Haig Partners, for a deep dive into what the end of the EV tax subsidy this week could mean for the auto industry. Then, Murphy makes the case for why the best strategy for Ford, Stellantis and GM may be to focus on their truck businesses. Later, Telis asks: Does the end of the EV credit mean a renaissance for the internal combustion engine? This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading Why Ford’s Made-in-America Strategy Hurts It in Trump’s Trade War Ford's Big EV Dilemma Auto Industry Takes $12 Billion Hit From Trade War Detroit Rediscovers Its Love for Giant Gas Guzzlers Get Rich or Get Wiped Out: Bitcoin’s Hottest New Trade Detroit Rediscovers Its Love for Giant Gas Guzzlers For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Follow Gunjan Banerji here and Telis Demos here . Learn more about your ad choices. Visit megaphone.fm/adchoices

Sep 25

Gold prices are up more than 40% this year, on track for their best year since 1979 —when a global energy crisis fueled an inflationary shock that thrashed the world economy. And while it's a very different economy today, with stocks hitting record highs on the S&P 500 and Nasdaq, gold serves as a form of insurance for a diversified investor, particularly when facing risks such as inflation, government debt, war, and questions about the Federal Reserve’s independence under President Trump. This week on our columnists roundtable, editor Alex Frangos and markets reporter Chelsey Dulaney are joined by senior markets columnist James Mackintosh and chief economics commentator Greg Ip to discuss what’s driving a new rush to gold, how the yellow metal compares to Bitcoin as an inflation hedge and whether it's worth buying in, through the SPDR Gold Trust ETF or by picking up gold bars at Costco. Further Reading Why You Should Own (Some) Gold Gold Hasn’t Rallied This Much Since 1979 The Costco Shoppers Putting $2,000 Gold Bars in Their Carts Gold Miners Eschew Hedging to Lap Up Sky-High Prices A Historic Gold Rush Is Under Way, From Wall Street to Main Street For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on the Street Column and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Sep 21

In this week's episode of WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos talk to billionaire investor Cliff Asness, the co-founder and chief investment officer of AQR Capital Management. AQR is a global investment management firm known for quantitative investing, an approach that builds strategies based on data and research. Asness discusses one of the market's biggest trends: the explosion in popular ETFs designed to protect investors from downturns. But do they actually work? Later, Asness shares why he thinks trading on Robinhood can feel more like betting on FanDuel, why the stock market has become less rational due to social media, and whether Palantir and Tesla are on the meme stock spectrum. Then, he weighs in on companies reporting earnings every six months, market froth and the bind facing the Federal Reserve. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading Funds Promising Shelter From Wild Swings Are Booming. But Do They Deliver? Traders Are Snapping Up Bullish Bets on Tesla In This Frothy Market, It’s Boom Times for Brokers Like Robinhood A New Generation of ‘Buy the Dip’ Investors Is Propping Up the Market For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Follow Gunjan Banerji here and Telis Demos here . Learn more about your ad choices. Visit megaphone.fm/adchoices

Sep 18

The Trump family’s latest venture—a so-called “crypto treasury” stock—could generate their biggest payday through the WLFI token from World Liberty Financial, while being a potential minefield for investors. The offering follows the success of Michael Saylor's MicroStrategy, now renamed as Strategy, a “bitcoin treasury company” that accumulates bitcoin by using debt and new stock issues to keep on buying more. Listen in on a conversation between some of The Wall Street Journal's sharpest financial minds in the debut episode of Ticker Shock as our team unpacks the trade. Ticker Shock provides insights to help finance-curious listeners connect the dots between what's happening in policy, markets and the economy to their financial lives and investments. This week, business and finance editor Alex Frangos and markets reporter Chelsey Dulaney are joined by Streetwise columnist James Mackintosh and Markets A.M. newsletter writer and investing columnist Spencer Jakab to discuss the “ infinite money glitch .” They also talk about how these sorts of tokens compare to meme stocks such as GameStop and AMC. Further Reading Trump Family Amasses $5 Billion Fortune After Crypto Launch The Trumps’ New Crypto Money Maker: Deals With Themselves Trump Brothers-Backed Bitcoin Mining Company Surges After Nasdaq Listing The Recipe Behind the Trump Family’s Crypto Riches: PancakeSwap The Hottest Business Strategy This Summer Is Buying Crypto The Man Making Billions From the Wildest Bitcoin Bet For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on the Street Column and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Sep 17

Listen in on conversations of The Wall Street Journal's sharpest financial minds. Featuring the Journal’s award-winning columnists and writers Alex Frangos , Chelsey Dulaney and James Mackintosh , the podcast provides insights to help finance-curious listeners connect the dots between what's happening in policy, markets and the economy to their financial lives and investments. Learn more about your ad choices. Visit megaphone.fm/adchoices

Sep 14

In this week's episode of WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos talk about Oracle's shocking more than 40% stock surge after the technology company said it won several billion-dollar contracts in its latest quarter, and what it signals about the future of the AI investment boom. Next, they explore the Federal Reserve's tricky position as it weighs a weakening jobs report against persistent inflation. Lastly, the hosts ponder how U.S. tariffs are complicating the economic outlook. Then after the break, Telis is joined by Adoniro Cestari Neto, the head of trade and working capital solutions at investment bank and financial services company Citigroup, for an inside look at the impact of U.S. tariffs. Cestari explains how global companies are adapting their supply chains through "efficiency" to avoid passing costs to consumers. Later, Telis gets an answer to the central question: when it comes to tariffs, who really pays the price? This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Sep 7

In this week's episode of WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos talk about the bond market, the post-Labor Day volatility it experienced due to concerns over the Federal Reserve’s independence, investors piling into gold, and the U.S.’s potential loss of its tariff income stream after a decision by a Court of Appeals. Later in the show, Telis is joined by Dana M. Peterson, chief economist and leader of the Economy, Strategy & Finance Center at the Conference Board. They begin with the research group’s August consumer confidence index and whether its results mean we’re in "vibecession.” Then Peterson defends the importance of survey-based data and why revisions are necessary. And Telis asks: Could private data replace government data? This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading Consumer-Confidence Survey Slips in August Government Data Is Under Fire, but It Makes the World Go ‘Round Consumer-Confidence Survey Improved in July Trump Advisers Consider Changes to How Government Collects Jobs Data Trump’s BLS Firing Tests Wall Street’s Reliance on Government Data For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Follow Gunjan Banerji here and Telis Demos here . Learn more about your ad choices. Visit megaphone.fm/adchoices

Aug 24

In this week's episode of WSJ’s Take On the Week, co-host Gunjan Banerji and guest co-host Miriam Gottfried dive into the big questions around the AI trade after last week's stumble. Could Nvidia’s earnings this week shift things back? Meanwhile, Gunjan points out a shift under the market’s surface: a rotation into blue chips as tech takes a back seat. Plus, earnings from Target and Walmart offer mixed signals on retail. Later, Miriam and Adrienne Yih, senior retail analyst at Barclays, are set to dive into the impact of tariffs on companies such as American Eagle Outfitters, Gap and Abercrombie & Fitch. Then, Yih tells Miriam why this back-to-school season is important for apparel retailers. Our last take: Which retailer has the most pricing power right now? This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading Retail Sales Rose 0.5% in July Ulta Beauty, Target to End Partnership Tapestry Shares Fall as Kate Spade Brand, Tariffs Weigh on Profitability Target Shares Tumble After Retailer Names a Lifer to Steer Its Turnaround Walmart Wins Over More Shoppers as Tariffs Push Prices Higher For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Follow Gunjan Banerji here and Telis Demos here . Learn more about your ad choices. Visit megaphone.fm/adchoices

Aug 17

In this week's episode of WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos dissect the latest consumer price index data and how its results have U.S. markets asking: “Will the Federal Reserve cut rates in September?” Next, Gunjan explains how a new generation of investors are “buying the dip” when markets decline. Plus, home-improvement retailers Home Depot and Lowe’s have earnings out this week. Then after the break, Gunjan sits down with Neil Dutta, head of economic research at Renaissance Macro Research, to discuss housing. First, they dive into the state of the housing market and why Dutta believes it is in a recession. Later, Gunjan asks the important question: “Can the housing market be in a recession without the entire economy falling into a recession?” This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading A New Generation of ‘Buy the Dip’ Investors Is Propping Up the Market Home Prices Hit Record High in June, Dragging Down Sales Pending Home Sales Fell Unexpectedly in June Housing Starts Gain but Still Lag From Last Year For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Follow Gunjan Banerji here and Telis Demos here . Learn more about your ad choices. Visit megaphone.fm/adchoices

Aug 10

In this week's episode of WSJ’s Take On the Week, co-host Telis Demos and guest co-host Miriam Gottfried analyze the implications of a weak jobs report and the removal of Erika McEntarfer, the top official from the U.S. Department of Labor’s Bureau of Labor Statistics, examining how investors are grappling with the prospect of less-reliable economic data in the future. The discussion also covers this week's key CPI, PPI and business inventory reports. Plus, Telis offers a stablecoin primer before crypto firm Circle Internet’s upcoming earnings announcement. The episode continues with Telis and Dan Dolev, a senior financial-technology analyst at investment firm Mizuho Americas, exploring the burgeoning world of stablecoins. Dolev offers insights into Circle's revenue streams, whether stablecoins can disrupt Visa and Mastercard’s payment network, and their broader implications for international money transfers. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading U.S. Hiring Slowed Sharply Over the Summer Real Strains Inside the BLS Made It Vulnerable to Trump’s Accusations June CPI Report: Inflation Accelerates to 2.7% Trump’s BLS Firing Tests Wall Street’s Reliance on Government Data Figma Had a Dazzling IPO. It Could Have Been $3 Billion Better. For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Aug 3

In this week's episode of WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos dive into how, for the first time, brokerages have taken out more than $1 trillion dollars in margin debt to buy stocks and other securities. Next, they chat about Robinhood’s blowout earnings as another sign of market exuberance, and why investors are eagerly awaiting software and data analytics company Palantir's earnings this week. Then after the break, Sébastien Page, head of global multi-asset and chief investment officer at T. Rowe Price, joins our hosts to chat about why he thinks AI stocks have strong financial and economic positions, and why he believes stocks will still deliver an equity risk premium. Plus, Page shares what he thinks investors could learn from sports psychology. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading Five Signs of a Market Bubble Investors Are Tracking With Hectic Trading in Krispy Kreme and OpenDoor, Stocks Head for a Meme Reversion Fed Holds Rates Steady, but Two Officials Back a Cut For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Jul 27

In this week's episode of WSJ’s Take On the Week, hosts Gunjan Banerji and Telis Demos start the show by digging into the meme-stock mania surrounding OpenDoor, Krispy Kreme and Kohl’s, and how the factors driving this are different from 2021. Then they get into President Trump’s latest trade deal with Japan and how it’s showing up in auto-sector trades. Plus, some economic talk ahead of the Federal Reserve’s meeting this week to discuss interest rates, and the release of the latest jobs report. Later in the show, Imran Khan, founder and chief investment officer of Proem Asset Management, joins Gunjan to talk about the AI trade surrounding companies like Nvidia, Meta and Alphabet. Plus, Khan chats about how AI enthusiasm is driving market speculation, herd thinking in markets, and the value of private-market investments like OpenAI. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com . Further Reading: Kohl’s and Opendoor Headline a New Class of Meme Stocks With Hectic Trading in Krispy Kreme and OpenDoor, Stocks Head for a Meme Reversion Trump’s New Trade Standard Takes Shape With 15% Tariff Deal How Nvidia Became the World’s First $4 Trillion Company For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jul 19

In this week's episode of WSJ’s Take On the Week, hosts Gunjan Banerji and Telis Demos are joined by Austan Goolsbee, president of the Federal Reserve Bank of Chicago and voting member of the 2025 FOMC Committee, to discuss the economy, inflation, tariffs, escalating trade wars and the Federal Reserve's approach to monetary policy. Goolsbee explains how the economic conditions and the Fed’s dual mandate of stable prices and maximum employment plays into his decision making on cutting interest rates. Plus, he discusses the potential for AI to drive long-term productivity gains but cautions against the risk of an "exuberance bubble" similar to the dot-com era. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com. To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading Latest Tariff Threats Could Delay Rate Cuts, Chicago Fed’s Goolsbee Says For more coverage of the markets and your investments, head to WSJ.com, WSJ’s Heard on The Street Column, and WSJ’s Live Markets blog. Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Jul 13

After a couple years in a slump, the market for initial public offerings has been stronger this year. In this week's episode of WSJ’s Take On the Week, host Telis Demos is joined by Arnaud Blanchard, global co-head of equity capital markets at Morgan Stanley, to discuss how recent IPO deals from companies like Chime and Voyager Technologies are giving the market a bump, where IPOs are expected to go in the second half of 2025 and if there is any chance of the market returning to its 2021 highs. Blanchard also shares what companies and sectors he thinks investors should pay the most attention to and whether he sees new offerings like “tokenized stocks” from brokerage upstart Robinhood as a threat to the IPO market. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading Wall Street Hangs On to Hopes for a Boom in Deals Private Equity’s IPO Exit Doors Expected to Open Wide in Second Half Chime Financial Is the Latest IPO to Soar in Debut Voyager Technologies Rises in Debut, Signaling Improving IPO Market For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Jul 2

With mounting pressure from President Trump and investors to lower interest rates, all eyes are on the Federal Reserve’s upcoming decision later this month. In this bonus episode of WSJ’s Take On the Week, co-host Gunjan Banerji is joined by Tom Barkin, president and CEO of the Federal Reserve Bank of Richmond, to discuss the future of monetary policy, inflation and tariffs, and why he’s in no rush to cut interest rates. Plus, Barkin shares why he likens the current economic environment to “driving through fog,” the connection between consumer sentiment and spending, and how AI could reshape the job market. Finally, Barkin gives his take on whether investors should be expecting a recession any time soon. This interview was recorded on June 26. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading Trump Considers Naming Next Fed Chair Early in Bid to Undermine Powell For more coverage of the markets and your investments, head to WSJ.com, WSJ’s Heard on The Street Column, and WSJ’s Live Markets blog. Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Jun 29

In this episode of WSJ's Take On the Week, we jump straight into a topic on many minds: the GOP's One Big Beautiful Bill. Co-hosts Gunjan Banerji and Telis Demos are joined by Michael McLean, public policy senior analyst at Barclays, to unpack what some investors are paying attention to when it comes to the GOP’s One Big Beautiful Bill. McLean explains the differing viewpoints between Washington and Wall Street and the role of a rising U.S. deficit. Plus, the hosts share and answer listener questions about tax policy asked at WSJ’s Future of Everything conference in May. The conversation also explores what economic growth the tax and budget bill can bring and why investors and government officials alike are watching to see how this tax bill addresses concerns with Medicare, Medicaid and Social Security. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com. To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com . Further Reading Trump’s ‘Big, Beautiful Bill’ Gets Slimmed Down in Senate The Tax Bill Would Deliver a Big Win for Private Schools—and Investors The Path to Record Deficits For more coverage of the markets and your investments, head to WSJ.com , W SJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jun 22

On this special episode of WSJ’s Take On the Week, co-host Telis Demos and guest co-host Miriam Gottfried explain why the private market has its eyes on your 401(k) retirement savings account. To offer insight into what that means for retirement savers, we’ll be joined by two separate guests. The first is Holly Verdeyen, partner and U.S. defined contribution leader at Mercer, a human resources consultant and asset manager. Verdeyen shares why and how the addition of private investment assets to a retirement portfolio can affect long-term savers and what differentiates private assets from public assets like stocks and bonds. Later on the show, we’re joined by WSJ’s retirement and personal finance reporter, Anne Tergesen, to further explore which investors are best suited for investing in private assets, and what a first-of-its-kind private credit ETF between asset managers State Street and Apollo means for investors. Tergesen lays out the additional fees and restrictions that come from putting money into private assets that investors should be aware of. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com. To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Jun 18

With companies like Target blaming DEI backlash for lower sales while competitors like Costco are seeing boosts in foot traffic, how can a company’s DEI commitments affect investors with a socially conscious approach to investing? In this special bonus episode of WSJ’s Take On the Week, guest host Miriam Gottfried is joined by Rachel Robasciotti, founder and Co-CEO of investment firm Adasina Social Capital. Adasina runs an exchange-traded fund dedicated to it called “social justice investing” that holds Nvidia, Visa, Mastercard and Eli Lily, among many other companies. Robasciotti says the companies in the fund must check the box on more than 80 metrics the firm has assembled related to racial, gender, economic and climate justice. Robasciotti shares her views on the financial advantages of social conscious investing and how Adasina measures a company’s social impact to provide investors’ portfolios with more transparency. Plus, she shares the importance of DEI principles in light of the Trump administration's policy changes to DEI. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com . Further Reading Dive Deeper Into ESG Investing Don’t Call It ESG, Call It Resilience Boycotting Target: A WSJ Podcast Series Target’s Sales Dented by DEI Boycott For more coverage of the markets and your investments, head to WSJ.com, WSJ’s Heard on The Street Column, and WSJ’s Live Markets blog. Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Jun 15

On WSJ’s Take On the Week, co-hosts Telis Demos and Gunjan Banerji start the show by explaining how financial trading platform Robinhood’s stock may tell investors what they need to know about the markets right now. They discuss how company’s CEO, Vlad Tenev, recently visited the White House to discuss “ MAGA Accounts ,” President Trump’s proposal for a new tax-preferred savings account for children. Plus, with the Federal Reserve’s next interest-rate decision coming this week, the hosts share how tariffs may play a role in the question of when to cut rates. Later on the show, Meghan Swiber, senior U.S. rates strategist at Bank of America's investment banking arm BofA Securities, shares the latest happenings with the world’s largest bond market, the U.S. Treasury. Long-term Treasury bond yields have risen in recent months, raising concerns that U.S. or international investors are backing away from assets that are usually considered risk-free. She explains what’s going on, and how investors should think about volatility in what usually feels like a placid part of the market. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com. To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com . Further Reading ‘MAGA Accounts’: What to Know About the $1,000 Child Savings Pitch in the Tax Bill The Case for Rate Cuts Is Growing For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Jun 8

On WSJ’s Take On the Week, co-hosts Telis Demos and Gunjan Banerji start the show by looking at why rare earth magnets remain at the center of trade talks with China. Why are business leaders like Elon Musk and Jamie Dimon critical of President Trump’s tax and spending bill, and what does it mean for bonds and the deficit? Plus, we take a look at inflation ahead of this week’s CPI report. Later on the show, Mark Zandi, chief economist of Moody’s Analytics, gives his take on all the policy balls in the air and how where they land will affect the economy. He shares which economic barometers he’s keeping an eye on – from employment rates and immigration to inflation and consumer sentiment – and which give him confidence in a resilient U.S. economy. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com . Further Reading Automakers Race to Find Workaround to China’s Stranglehold on Rare-Earth Magnets Why the U.S. Economy Will Muddle Through Trump’s Tariffs. Probably. U.S. Economy Shows Remarkable Resilience in Face of Trade Turmoil What the U.S.-China Tariff Rollback Means for the American Economy Trump Downplays Economic Concerns as He Looks to Cut Trade Deals For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Jun 1

On WSJ’s Take On the Week, co-hosts Telis Demos and Gunjan Banerji start the show by diving into the latest tariff updates. What does the ruling from the U.S. Court of International Trade mean for investors? Plus, the co-hosts look ahead to the upcoming jobs report for insight on economic uncertainties, including what indicators may point toward a recession. Later on the show, David Kelly, J.P. Morgan Asset Management’s chief global strategist and head of the firm’s global market insights strategy team, explains why international markets are outperforming the U.S. and what the ongoing trade tensions mean for investors’ portfolios. He shares insights on the weakening U.S. dollar, the importance of global investment diversification, and which regions investors should keep in mind. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading Tariff Ruling Is a Setback for Trump but Doesn’t End Trade War How the Reversal of the ‘American Exceptionalism’ Trade Is Rippling Around the Globe As Markets Swooned, Pros Sold—and Individuals Pounced For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

May 18

On WSJ’s Take On the Week, co-host Telis Demos and guest co-host Miriam Gottfried start the show off by diving into President Trump’s latest trade deals. They then get into the president’s push to cut drug prices and how pharmaceutical stocks reacted to the news. Telis and Miriam also talk about the slew of housing data and home-improvement stock earnings, including Home Depot and Lowe’s, expected this week and what it could tell us about the state of the housing market amid the spring home-buying season. Later on the show, Jim Egan, Morgan Stanley U.S. housing strategist, joins Telis and Miriam to talk about what it will take to unlock the housing market. They get into mortgage rates, home equity and what it all means for buyers, sellers and investors. One bit of housekeeping: We’ll be on vacation next week and will be back with a new episode on June 1. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com . Further Reading The Spring Home Sales Season Is Shaping Up to Be a Dud For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

May 11

On WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos talk about the most recent Federal Reserve meeting and Chair Jerome Powell’s wait-and-see approach. They then get into Wall Street’s latest obsession: following shipping data for indications on how the economy is faring. The co-hosts also get into what to expect from Walmart’s earnings later this week and Warren Buffett’s remarks at the recent Berkshire Hathaway annual meeting. Later on the show, Harvard economist and former IMF chief economist Ken Rogoff joins to talk about why he thinks the purchasing power of the U.S. dollar is in decline and his new book “Our Dollar, Your Problem.” The co-hosts and Rogoff also dive into what the dollar’s waning supremacy means for consumers and investors and what it has to do with the “American exceptionalism” trade. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading To read more from our hosts, catch up on Wall Street Is Watching This Shipping Data to Gauge Tariff Impact and Car Insurance Rates Were Ready to Drop. Then Tariffs Came Along . What the Weak Dollar Means for the Global Economy For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

May 7

In this special bonus episode of WSJ’s Take On the Week, co-host Telis Demos is joined by social-media content creator and economic commentator Kyla Scanlon, who has helped transform how younger generations, specifically Gen Z, are engaging with news about the economy and finance. Through platforms like TikTok, Instagram and Substack, Scanlon has cultivated a dedicated audience of more than half a million people by simplifying complex economic data with creativity and humor. Recognized for coining the term “vibecession,” to highlight the disconnect between economic data and consumers, Scanlon has garnered attention from White House advisers and the Federal Reserve. In this episode, we’ll explore how economic trends like meme stocks (think GameStop and AMC) and cryptocurrencies are changing things for younger investors. Plus, we chat about best practices to consider when using social media for financial advice and how to avoid the “bad actors” that are spreading misinformation or scamming people. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at t akeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading The 27-Year-Old Economic Adviser for Gen Z For more coverage of the markets and your investments, head to WSJ.com, WSJ’s Heard on The Street Column, and WSJ’s Live Markets blog. Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

May 4

Will the Federal Reserve cut interest rates this year? How is Fed Chair Jerome Powell and central bankers thinking about recent volatility in financial markets? Rob Kaplan, vice chairman at Goldman Sachs and former president and CEO of the Federal Reserve Bank of Dallas, joins WSJ’s Take On the Week. Co-hosts Gunjan Banerji and Telis Demos and Kaplan discuss the central bank’s tough task ahead to lower inflation. They also dive into President Trump’s recent remarks about Powell and the Fed independence debate. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading To read more from co-host Telis Demos, catch up on Inflation Fear Is Making Some People Spend More—and Others Less . Why Trump Decided Not to Try to Fire Jerome Powell For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Apr 27

On WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos start the show by discussing the divergence between consumer sentiment and hard economic data, and whether we’ll see any sign of market softening in the forthcoming jobs and GDP reports. Then, all that glitters IS gold. The co-hosts talk about gold’s recent all-time highs. They also dig into whether the Magnificent Seven trade may be on the downswing. Later on the show, Markus Hansen, portfolio manager and senior research analyst of Vontobel Asset Management, joins the podcast to talk about whether the current moment of economic uncertainty is the time for household food and beverage brands, like Coca-Cola and Mondelez, the company behind Oreo, to shine. They also talk about Warren Buffett’s legendary investment philosophy and his company Berkshire Hathaway’s stake in Coca-Cola. They also dive into diversifying into international investments, and how the technology and luxury sectors are faring. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at t akeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading To read more from our hosts, catch up on Huge Stock Swings Are the New Normal for Frazzled Investors and How Long Will Big U.S. Banks Continue to Lead the World Consumer Staples Gain on Rush to Safety After Tariffs Spark Market Rout For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Apr 13

On WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos talk about the markets' reaction to the latest developments in President Trump’s tariffs policies. They talk about the “buy the dip” trade and weigh in on “the stock market isn’t the economy” debate. The hosts also discuss what’s going on with Treasurys. Later on the show, Kris Kraus, a managing director and portfolio manager at one of the world’s largest bond managers, Pimco, joins the podcast to give us a pulse check on the health of consumers, including their debt, from mortgages to auto loans. He shares what we should—and shouldn’t—be worried about as tariffs start to hit our pocketbooks and portfolios. Kraus also talks about what he’ll be looking out for in upcoming earnings from credit card companies, like American Express and Capital One, for clues on where consumers are headed. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channe l or the video page of WSJ.com Further Reading To read more from co-host Gunjan Banerji, catch up on When Does a Market Dive Hit the Rest of the Economy? and Market Rout Shatters Long-Held Beliefs on Investing Live Q&A: What’s Happening With the Markets?—Our Reporters Answered Your Questions Trump U-Turn Halts the ‘Sell Everything American’ Trade, but the Fallout Remains For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Apr 11

In this special bonus episode of WSJ’s Take On the Week, we dive into the most pressing questions for investors about tariffs and markets following the news of President Trump’s 90-day pause on some of his largest import taxes. Co-host Telis Demos is joined by two friends of the show, WSJ reporter Miriam Gottfried and investing columnist Spencer Jakab. They get into which sectors are most exposed to tariffs, how consumer-facing companies such as Restoration Hardware and car-parts sellers have been affected, the political calculus behind the tariffs, and what the repeated policy shifts mean for the dollar as the world’s reserve currency. Further Reading Live Q&A: What’s Happening With the Markets?—Our Reporters Answered Your Questions Trump U-Turn Halts the ‘Sell Everything American’ Trade, but the Fallout Remains ​​ Democrats Seek Trading Probes After Trump’s Tariff U-Turn Trades Before Trump Tariff Post Draw Scrutiny Sign up for the WSJ's free Markets A.M. newsletter written by Spencer Jakab. Learn more about your ad choices. Visit megaphone.fm/adchoices

Apr 5

EARLY DROP!!! We know tariffs and markets are on your mind so we're dropping this episode ahead of time to give you even more time to plot out how to take on your week! On WSJ’s Take On the Week, co-host Telis Demos and guest co-host Miriam Gottfried get right into President Trump’s unveiling of his latest tariff policies. Then, they discuss the upcoming first quarter earnings results season. They talk about why they’re curious regarding what Delta Air Lines and used-car retailer CarMax have to say when the companies report earnings later this coming week. Later on the show, Telis and Miriam dive deeper into corporate earnings season with Christine Short, head of research of Wall Street Horizon, which is part of the financial services company TMX Group. They talk about what Trump’s trade war means for automotive companies, including General Motors and Ford, and what forward-looking guidance from companies like Dollar Tree, Southwest Airlines, Walmart and others could offer as a clue into how the corporate world is dealing with tariffs. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com . Further Reading To read more from our co-hosts, catch up on Wall Street Facing Toughest Test in Years and Banks Don’t Pay Tariffs, but Tariffs Will Cost Them . What to Know About Trump’s Latest Tariffs A Market-Rattling Attempt to Make the American Economy Trump Always Wanted For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Learn more about your ad choices. Visit megaphone.fm/adchoices

Mar 30

On WSJ’s Take On the Week, co-host Telis Demos and guest co-host Miriam Gottfried dive into the impending 25 percent tariffs that are set to be placed on global automotive imports to the U.S. Then, we explore what the bond market tells us and what a decrease in the U.S. Treasury yields means for investors. Plus, is the IPO market buzzing? Provider of specialized cloud-computing services, CoreWeave, is the latest company to debut for trading. With companies like StubHub, eToro, and Klarna also announcing public offerings, does this mean more deals are on the horizon? Later on the show, Telis and Miriam discuss what we can expect from the forthcoming jobs report and how it will offer a big clue to where the economy is heading with Aditya Bhave, a senior U.S. economist for Bank of America's investment banking arm BofA Securities. Bhave shares his take on why concerns of stagflation may be "overstated" and why there’s no margin for error on the Federal Reserve’s inflation mandate. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading Corporate America’s Euphoria Over Trump’s ‘Golden Age’ Is Giving Way to Distress Trump Considers More Limited Tariff Plans For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Mar 23

On WSJ’s Take On the Week, co-host Telis Demos and guest co-host Miriam Gottfried dive into a smorgasbord of forthcoming macroeconomic data that will illustrate how the economy is faring since President Trump’s inauguration. Then, Telis shares what investment bank Jefferies’s forthcoming fiscal-quarter report could tell us about the state of mergers and acquisitions on Wall Street. And it’s baseball season, folks! The co-hosts talk about the latest deal between the San Francisco Giants and private-equity firm Sixth Street. Later on the show, Telis and Miriam discuss whether middle-market businesses, which include a huge swath of the American workforce, are holding strong as the threat of tariffs continues and chatter about economic uncertainty intensifies with Michael Smith. He’s the co-head of credit at Ares Management, an alternative investment manager that lends to more than 500 midmarket companies. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com . Further Reading To read more from co-host Telis Demos, catch up on Tariffs Are a Risk for Midsize Businesses, and Their Lenders . To read more from guest co-host Miriam Gottfried, catch up on An Insurer Taps Its Financial-Adviser Network to Sell Private-Market Funds . Google Strikes $32 Billion Deal for Cybersecurity Startup Wiz America’s Pastime Is Being Completely Transformed—by Japan MLB Plots a New TV Model After Striking Out With ESPN For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Mar 16

The Federal Reserve is often a key player in the markets. Now with investors uncertain about the economic outlook and the general policy volatility of the Trump administration, people are closely watching whether the Fed and Chair Jerome Powell might ride to the economic rescue in the near future. In a special interview-only episode, WSJ’s Take On the Week co-host Telis Demos talks with Ed Al-Hussainy, global interest rate strategist at asset manager Columbia Threadneedle Investments, about what we can expect from the upcoming Federal Reserve meeting, how policies in Washington are intersecting with the central bank’s mission, and what investors should do in midst of uncertainty. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com . Further Reading To read more from co-host Telis Demos, catch up on Consumers Keep Bailing Out the Economy. Now They Might Be Maxed Out. Wall Street Fears Trump Will Wreck the Soft Landing For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Mar 9

The Consumer Confidence Index had its biggest drop in more than three years in February. We're at a crossroads moment in the economy. Uncertainty is back, according to financial experts and consumers alike. In a special interview-only episode, WSJ’s Take On the Week co-host Telis Demos talks with Seth Carpenter, Morgan Stanley's chief global economist, about where we are in the fight against inflation and what that means for the stock market, the Federal Reserve, and more. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com . Further Reading The Two-Headed Monster Stalking the Economy Has a Name: Stagflation How Uncertainty From Trump’s Tariffs Is Rippling Through the Economy For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Mar 2

On WSJ’s Take On the Week, co-host Telis Demos talks with reporter Miriam Gottfried about what is driving a slide in 10-year Treasury yields. Then they get into the upcoming jobs report and whether any DOGE-related shakeups in the federal workforce could be reflected in the data. They also discuss the flurry of tariff-related developments ahead of a deadline this week for proposed taxes on imports from Canada and Mexico. Later on the show, Telis dives into what President Trump’s tariff agenda could mean for the economy and markets with Chad Bown, a senior fellow at the Peterson Institute for International Economics and former chief economist for the U.S. Department of State in the Biden-Harris administration. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading To read more from co-host Telis Demos, catch up on PayPal Needs Help From Its Oldest Friends—Consumers . The Economy Is Still Fine. Americans Are Still Gloomy For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Feb 23

On WSJ’s Take On the Week, co-host Telis Demos talks with reporter Peter Rudegeair about this coming week's latest inflation gauge, the personal-consumption-expenditures price index, or PCE, and what’s going on with the price of eggs . Then they dive into what to expect from the slew of forthcoming housing data and what that could signal about mortgage rates. They also discuss Nvidia, Vistra and Constellation Energy earnings. Later on the show, Telis and Peter are joined by Chris Hansen, founder and portfolio manager of the hedge fund Valiant Capital Management, to talk about AI-related stocks beyond the tech companies investing in AI, including Amazon, Microsoft and Meta, and chipmakers such as Nvidia. They discuss the power companies that provide the extra electricity that fuels data centers needed to support AI and how power companies may also be long-term winners in the AI race. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com . Further Reading and Listening To read more on energy stocks from guest co-host Peter Rudegeair, catch up on Tech-Loving Hedge Funds Have a Crush on Utility Stocks . Listen to Bold Names: Salesforce CEO Marc Benioff and the AI ‘Fantasy Land’ . For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Feb 16

On WSJ’s Take On the Week, co-host Telis Demos talks with Aaron Back, WSJ’s Heard on the Street column editor, about the latest inflation report and what it could mean for the Federal Reserve. They also discuss upcoming earnings from Chinese tech company Alibaba and retail behemoth Walmart. Later on the show, Telis talks about all things retail with Dana Telsey, CEO and founder of Telsey Advisory Group, a brokerage firm focused on the consumer sector. They chat about what’s behind Walmart’s winning retail strategy—from its inroads with higher-end customers, affordable luxury offerings like the viral “Wirkin” bag, and its e-commerce play. They also get into what’s going on with the luxury market, including with high-end juggernaut Hermès, Louis Vuitton parent company LVMH, Chanel, Burberry, and others. Before they sign off, Telis asks Dana: What’s up with Target? This is WSJ’s Take On the Week where co-hosts Gunjan Banerji , lead writer for Live Markets, and Telis Demos , Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com . Further Reading Walmart Is Retail King Again. Can It Keep the Crown? Customers Are Quitting Luxury Brands as Price Hikes Go Too Far To read more from our co-host Telis Demos, catch up on Why Tariffs Will Make Car Insurance Even More Expensive For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Feb 9

On WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos talk about the whiplash surrounding tariffs, including what could be next for the U.S. and China . They also get into the latest in the crypto world, from Coinbase’s upcoming earnings to the forthcoming confirmation hearing for Securities and Exchange Commission nominee Paul Atkins. Before turning to this week’s interview, they get into Robinhood’s back-peddling on launching Super Bowl betting contracts after regulators’ pushback. Later in the show, Gunjan and Telis dive into one of the hottest stocks out there: MicroStrategy, now renamed as Strategy. The software company, which describes itself as a bitcoin treasury, has become a bitcoin buying machine . Since it started purch asing bitcoin in 2020, Strategy’s stock has skyrocketed with an ardent following not unlike the fandom surrounding cult stocks like Palantir and Nvidia. But some are skeptical of the company’s bitcoin strategy and valuation. Jon Weil, columnist for WSJ’s Heard on the Street, joins Telis and Gunjan to explain. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com . Further Reading To read more from co-host Telis Demos, catch up on Wall Street Is Booming, but Banks Are in a Lending Rut. For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Feb 2

On WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos start off the show with the latest on the surprise dark horse in AI, DeepSeek, and what the development means for companies like Microsoft and Meta. Then they get into the latest Federal Reserve interest-rate decision and news on the consumer spending front. Later on the show, the co-hosts dive into the world of sports investing—from the publicly traded Atlanta Braves, and Knicks’ and Rangers’ parent company Madison Square Garden Sports, to private equity’s new role in the NFL—with Chris Marangi, co-chief investment officer of value at Gabelli Funds. They also talk about the rise in popularity of sports betting apps, like DraftKings and FanDuel, and how media deals are reshaping the sports industry. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading To read more from our hosts, catch up on The Day DeepSeek Turned Tech and Wall Street Upside Down and Amex Has a First-Class Problem: Can Consumer Spending Really Keep Up? For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard On The Street Column , and WSJ’s Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Jan 26

On WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos discuss Wall Street’s reaction to President Donald Trump’s inauguration and his slew of executive orders. They talk about the president’s and his wife Melania Trump’s meme coins and the Stargate venture , an AI infrastructure plan led by ChatGPT maker OpenAI and global tech investor SoftBank Group. Later on the show, Gunjan and Telis tackle what might be the biggest question for investors right now: Is the Federal Reserve done cutting interest rates? They’re joined by Sonal Desai, chief investment officer of Franklin Templeton Fixed Income, to dive into what may be the new normal for interest rates, what she will be looking out for when Jerome Powell speaks at the upcoming Federal Reserve meeting, and Treasury secretary pick Scott Bessent’s stance on tariffs. They also talk about what’s happening in the bond market. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com . Further Reading To read more from co-host Telis Demos, catch up on Are the L.A. Wildfires One Catastrophe or Two? It Matters to Insurers . For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on the Street column and WSJ’s Live Markets blog . Learn more about your ad choices. Visit megaphone.fm/adchoices

Jan 19

On WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos discuss the latest news on the L.A. fires and their impact on the insurance market. Then, they get into Donald Trump’s presidential inauguration and Wall Street’s reaction to the new administration. A who’s who of big tech like Tesla’s Elon Musk, Meta’s Mark Zuckerberg and even TikTok CEO Shou Chew will reportedly be in attendance. Gunjan and Telis also dig into bank earnings following surging profits for some of the largest banks , like Goldman Sachs and JPMorgan Chase. Telis shares what to look out for ahead of regional banks, including Fifth Third and Keycorp, and credit card companies, such as Capital One, reporting earnings this week. Later on, Meg Tahyar, head of the Financial Institutions Group at the law firm Davis Polk, joins the co-hosts to talk about what to expect when it comes to banking regulation in a second Trump administration, how it might differ from his first term, and what regulations may mean for banks, crypto and more. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com . To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com . Further Reading To read more from our hosts on topics discussed in this episode, read There Is a Safety Valve for Private Home Insurance in California and Prediction-Markets Venue Kalshi Appoints Donald Trump Jr. as Adviser . For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard on the Street column and WSJ’s Live Markets blog . Learn more about your ad choices. Visit megaphone.fm/adchoices

Jan 12

On WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos dive into what almost everyone on Wall Street is fixated on right now: rising bond yields. Then they explore what Disney’s potential merger with FuboTV means for streaming services and how sports and other live events are driving those deals. Telis also gears up for the Super Bowl. Well, his super bowl — bank earnings. JPMorgan, Bank of America, Wells Fargo and others report later this week. Later on, Peter Orszag, CEO of the asset manager and investment bank Lazard, joins the co-hosts to talk about what to expect when it comes to M&A dealmaking in 2025. Peter, who also served as the director of the Office of Management and Budget in the Obama administration, also talks about prospective tariffs, how the dealmaking landscape may change in a second Trump administration, and about the proposed Elon Musk and Vivek Ramaswamy-led advisory council, Department of Government Efficiency, or DOGE. This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com. Further Reading For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard On The Street Column , and WSJ’s Live Markets blog . Learn more about your ad choices. Visit megaphone.fm/adchoices

Jan 5

AI was a big stock market theme in 2024. We’ve talked about it, and heard it many times. But it was far from the only thing that happened in stocks last year. We saw record-breaking growth from power companies like Vistra . Cult stocks like Palantir and MicroStrategy also had a moment. And of course, Nvidia, a company that needs no introduction, had a blockbuster year. But where there are winners, there are also losers. The announcement of Walgreens ’ potential sale highlighted the challenges within the retail pharmacy sector. Shares of the biotech company Moderna also slumped partly due to waning demand for its Covid-19 vaccine and booster. And discount chain Dollar Tree took a hit this year as its shoppers showed signs of belt-tightening. For our first episode of 2025, we’re joined by global editor of WSJ’s Heard on the Street column, Spencer Jakab, and deputy editor of WSJ’s Heard on the Street, Aaron Back, to reveal more of the market’s winners and losers in 2024 and examine what their wins or losses could mean for investors and the economy in the year ahead. Further Reading Walgreens Is in Talks to Sell Itself to Private-Equity Firm Sycamore Partners Tech-Loving Hedge Funds Have a Crush on Utility Stocks For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard On The Street Column , and WSJ’s Live Markets blog . Learn more about your ad choices. Visit megaphone.fm/adchoices

Dec 22, 2024

Jan Hatzius, chief economist and head of global investment research at Goldman Sachs, joins co-hosts Gunjan Banerji and Telis Demos for the show’s last episode of 2024. They talk about Jan’s 2025 economic outlook, the role tariffs could play in the second Trump Administration, and the Federal Reserve’s latest interest-rate decision . They even get into the holiday spirit and chat about gift-giving. A note to listeners: WSJ’s Take On the Week is going to take a break for the holidays and will return on Jan. 5. Happy Holidays! Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the hosts at telis.demos@wsj.com and gunjan.banerji@wsj.com . Further Reading For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard On The Street Column , and WSJ’s Live Markets blog . Learn more about your ad choices. Visit megaphone.fm/adchoices

Dec 15, 2024

Welcome to WSJ’s Take On the Week. Co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Gunjan and Telis start off by discussing the upcoming Federal Reserve interest rate decision, and tackling what’s been going in the market for risky derivatives, where activity is on track to hit an all-time high this year. Later on, the co-hosts are joined by Robinhood CEO Vlad Tenev. Before the trading platform Robinhood became a one-stop app offering a slew of financial products, from credit cards to retirement accounts, it was at the center of the 2021 GameStop and meme stock frenzy. Gunjan, Telis and Vlad discuss Robinhood’s transformation and the rise and future of retail investing. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the hosts at telis.demos@wsj.com and gunjan.banerji@wsj.com . Further Reading Robinhood Wants to Grow Up The Thrill Factor Is Back for Retail Investors Robinhood Sets Sights on New Bounty: The Rising Rich For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard On The Street Column , and WSJ’s Live Markets blog . Learn more about your ad choices. Visit megaphone.fm/adchoices

Dec 8, 2024

Welcome to WSJ’s Take On the Week. Co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. This week, Telis and Gunjan debrief on BlackRock ’s $12 billion acquisition of private credit manager HPS. Then they tackle the “i word” – inflation – and the upcoming consumer-price index report. They also chat about bitcoin cresting over $100,000 in the wake of an expected crypto-friendly Washington under a Trump presidency. Later on in the show, Telis gets into what’s driving people to restaurants at projected record levels, even though the cost of food and dining out have been high. He’s joined by Aman Narang, CEO and co-founder of Toast , a technology company that sells software and hardware to restaurants for digital payments, online apps, takeout and delivery, kitchen management and more. They talk about how the restaurant industry has fared since the pandemic and how technology like Toast’s has brought the sector further into the 21st century. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the hosts at telis.demos@wsj.com and gunjan.banerji@wsj.com. Further Reading For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard On The Street Column , and WSJ’s Live Markets blog . Learn more about your ad choices. Visit megaphone.fm/adchoices

Dec 1, 2024

Welcome to WSJ’s Take On the Week. Co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. This week, Telis and Gunjan skip debriefing about the headlines and jump straight into a special interview with Coinbase’s chief legal officer, Paul Grewal, to talk all things crypto, which has captivated both Main Street and Wall Street since the U.S. elections. They talk about what the crypto exchange is looking for when it comes to potential legislation and regulations under another Trump administration. They also get into what’s going on with stablecoins, tokens and cryptoassets, like bitcoin, dogecoin and dogwifhat. Later they discuss the SEC and what the industry could look like in the years to come. Further Reading The Crypto World Is Preparing for a Renaissance Under Trump Is Trump Really So Great for Bitcoin? For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard On The Street Column and WSJ’s Live Markets blog . Learn more about your ad choices. Visit megaphone.fm/adchoices

Nov 24, 2024

Welcome to WSJ’s Take On the Week. Co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy, and finance—the big trades, key players and business news ahead. This week, Telis and Gunjan debrief on how chip maker Nvidia crossed the $100 billion mark in its annual sales, as well as how consumer spending is faring in the wake of retail earnings, like Target’s . And we check in on the lead up to the Fed’s preferred inflation measure, the personal-consumption expenditures price index. Later on in the show, they get into the holiday spirit and talk about New York’s iconic Rockefeller Center ahead of its annual Christmas tree lighting ceremony and they dig into its recent $3.5 billion refinancing deal . Deputy Chief Economist Rebecca Rockey from commercial real estate firm Cushman & Wakefield joins us to talk about the transaction and what it means for the commercial real estate market at large, and even for everyday investors. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email takeontheweek@wsj.com or the hosts at telis.demos@wsj.com and gunjan.banerji@wsj.com . Further Reading For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard On The Street Column , and WSJ’s Live Markets blog . Learn more about your ad choices. Visit megaphone.fm/adchoices

Nov 17, 2024

Welcome to WSJ’s Take On the Week. Co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy, and finance—the big trades, key players and business news ahead. This week, Telis and Gunjan dig into the latest on the Trump trade, the crypto rally and what upcoming retail earnings reports from Target and Walmart could signal about American consumers. Later, Dominic Rizzo, portfolio manager of T. Rowe Price’s Global Technology Equity Strategy, joins the show to talk about artificial intelligence investment and tech stocks, including companies such as AMD and Synopsys and those in the Magnificent Seven like Alphabet, Meta and Microsoft. And of course the sector’s shining star, Nvidia. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email takeontheweek@wsj.com or the hosts at telis.demos@wsj.com and gunjan.banerji@wsj.com . Further Reading Nvidia Will Dominate Big Tech’s Earnings Season Again From AI to Hardware Costs: Enterprise Tech Leaders Prepare for Trump 2.0 For more coverage of the markets and your investments, head to WSJ.com , WSJ’s Heard On The Street Column , and WSJ’s Live Markets blog . Learn more about your ad choices. Visit megaphone.fm/adchoices

Nov 10, 2024

WSJ's Take On the Week brings you the insights and analysis you need to get a leg up on the world of money and investing. Weekly, we cut through the noise and dive into markets, the economy and finance. Join The Wall Street Journal's Telis Demos and Gunjan Banerji in conversation with the people closest to the hot topics in markets to get incisive analysis on the big trades, key players in finance and business news ahead. The show returns November 17. Learn more about your ad choices. Visit megaphone.fm/adchoices

Apr 14, 2024

We’re going on hiatus. A message for our listeners from WSJ’s Take On the Week producer Jess Jupiter. For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Apr 7, 2024

This week, we're expecting earnings reports from three of the biggest U.S. banks: JPMorgan Chase, Citigroup, and Wells Fargo. Josh Brown and Michael Batnick from Ritholtz Wealth Management join us to discuss what these reports could tell us about the finances of consumers and businesses — how much we’re spending, how much we’re saving and whether we’ve been taking risks. Then, we're drilling into oil. A report from the International Energy Agency is expected Friday and will play a role in letting investors know whether the double digit increase we saw in oil prices in Q1 and the 30% increase we saw in gasoline prices will continue. We're speaking with WSJ reporter, David Uberti, about what rising gasoline prices tells us and why the report could move oil prices, stock prices and more. Plus, we're previewing the upcoming CPI report with WSJ reporter Anna Hirtenstein to find out why this week’s data could change the conversation about inflation . How can we better help you take on the week? We’d like to hear from you. Send us an email to takeontheweek@wsj.com. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Further Reading Why Gasoline Prices Are Rising Faster Than Usual This Year Inflation Victory Is Proving Elusive, Challenging Central Banks and Markets For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Mar 31, 2024

The latest earnings season is coming to a close and we are looking forward to the next quarter to learn where profits are headed. What have investors learned about U.S. companies and the economy and which sectors should they be paying close attention to? Gabriela Santos, managing director and chief market strategist for the Americas on the Global Market Insights Strategy Team at J.P. Morgan Asset Management, joins the conversation to share her big takeaways from the latest earnings season. Then, we're shifting gears to jobs as we prepare for the monthly employment report expected on Friday. LinkedIn's chief economist, Karin Kimbrough, shares what’s happening with jobs and the growing importance of AI for U.S. employers and job-seekers. Plus, we’re talking savings, or lack thereof. A new report from Santander Bank expected this Tuesday shows that most middle-income Americans are missing out on high interest rates from their savings account. We hear from Tim Wennes, president and CEO of Santander U.S. about why he believes people aren’t switching to high-interest savings accounts and what banks, like Santander, can do about it. How can we better help you take on the week? We’d like to hear from you. Send us an email to takeontheweek@wsj.com. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Mar 27, 2024

Affirm CEO Max Levchin is one of the original co-founders of PayPal, and now he leads one of the biggest players in the buy now, pay later business. Levchin wants to build a company that changes how shoppers pay for big-ticket items and the way people take on debt. But critics argue the company is a danger to consumers because it allows them to make some purchases with no interest payments, thereby encouraging excessive spending. For this bonus episode of WSJ’s Take On the Week, Levchin talks about Affirm’s future and competing with the credit-card industry. How can we better help you take on the week? Send us an email to takeontheweek@wsj.com . Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Listen to WSJ’s Take On the Week: https://on.wsj.com/3r5DbS7 Learn more about your ad choices. Visit megaphone.fm/adchoices

Mar 24, 2024

This week, we’re taking a look at corporate greed. A recent survey from Navigator Research found that most Americans think greed is a “major cause” of inflation. But is that true? Deepak Puri, chief investment officer of Deutsche Bank Private Bank in the Americas, joins us to dig into this week’s Corporate Profits report from the U.S. Bureau of Economic Analysis to get some answers. Then we’re turning to jobless claims. It’s been four years since the Covid-19 pandemic led to business shutdowns across the country and a subsequent record 3.28 million unemployment filings. Valerie Wilson, director of the Economic Policy Institute on Race, Ethnicity, and the Economy, gives us her take on the state of the labor market. Plus, WSJ media reporter Alexandra Bruell discusses Buzzfeed ’s upcoming earnings report and how the company is faring since embracing AI last year. How can we better help you take on the week? We’d like to hear from you. Send us an email to takeontheweek@wsj.com . Listening on Google Podcasts? Here's our guide for switching to a different podcast player. For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Mar 17, 2024

This week, the Federal Open Market Committee (FOMC) is expected to release another interest rate decision. Will the Federal Reserve's statements move the markets and disrupt the bullish momentum in the stock market? Torsten Slok, partner and chief economist at Apollo Global Management, joins us to share what specific phrases from the FOMC may indicate when rate cuts will come and gives us a hot take of his own about what the Fed’s decision will be. Then, we're turning our attention to FedEx's earnings report expected on Thursday. The company has marketed new technologies in their business strategies, such as providing integral data from packaged delivery services that may excite investors. WSJ reporter Esther Fung and Heard of the Street editor Spencer Jakab join to explain how companies leaning into ‘tech’ branding can affect their stocks and what they’re looking to hear on this week’s earnings call. Finally, we're turning up the volume on music royalties becoming asset-backed securities. WSJ’s Los Angeles bureau chief Sarah Krouse joins to share why musicians like Bruce Springsteen are getting big deals from investors and what it means for markets. How can we better help you take on the week? We’d like to hear from you. Send us an email to takeontheweek@wsj.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mar 10, 2024

Are U.S. CEOs feeling confident? The Business Roundtable CEO Economic Outlook Index measures the health of the U.S. economy from the perspective of U.S. chief executives. We discuss why this survey matters for investors and the markets with Joe Brusuelas, principal and chief economist for assurance and tax consulting firm RSM US. We continue the conversation on CEOs’ outlook with Everette Taylor, CEO of global crowdfunding platform Kickstarter. Taylor shares his view on CEO confidence and his expectations for the future. Also, is supercore inflation back? We talk with WSJ’s Justin Lahart about what Tuesday’s CPI inflation report could mean for investors and the markets. How can we better help you take on the week? Send us an email to takeontheweek@wsj.com . Further Reading What is Supercore Inflation? Forget Core CPI, Market Pros Are Searching for Supercore Inflation Kickstarter's Biggest Winners and Biggest Losers A Turbulent Year May Lie Ahead—CEOs at Davos Are Optimistic For more coverage of the markets and your investments, head to WSJ.com . Correction: The CEO Economic Outlook Index is produced by Business Roundtable. An earlier version of this podcast incorrectly referenced a different report, the Conference Board’s CEO Confidence Survey. In addition, the Business Roundtable report was released ahead of schedule, after the interviews in this episode were conducted but before the episode aired. An earlier version said the report would be released on March 13. (Corrected on March 12) Learn more about your ad choices. Visit megaphone.fm/adchoices

Mar 3, 2024

This week, we’re expecting the JOLTS and nonfarm payrolls reports. With inflation still holding above the Fed’s target and some weakness in the latest durable goods and retail sales reports, February’s nonfarm payrolls report will carry some extra weight. Charles Schwab’s chief investment strategist, Liz Ann Sonders and their chief fixed income strategist, Kathy Jones, join us for a discussion about how the market is anticipating these reports, especially the jobs report– which will be the week's marquee data point. We’ll also be looking to see what these reports tell us about the state of the consumer. Then, ahead of Target and Costco’s earnings results, WSJ reporter Sarah Nassauer joins to talk about how those reports may show us how shoppers are balancing wants and needs. And with Super Tuesday fast approaching we’ll hear from Sam Stovall, chief investment strategist at CFRA Research, about how this election can move the markets and what the likely presidential rematch between Donald Trump and Joe Biden means for investors. Further Reading Hotter-Than-Expected Inflation Clouds Rate-Cut Outlook Nasdaq Approaches Its Record High U.S. Shoppers Cut Back in January For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Feb 25, 2024

This week, we’re looking ahead to Paramount Global’s earnings report. The company that includes TV, movies, and streaming, has been taking it on the chin from investors. Its stock has lost more than 50% of its value in the past year, so Wednesday’s report could be pivotal. Recently much of the talk about Paramount has been as an acquisition target — for media executive Byron Allen to Skydance Media CEO David Ellison. Michael Morris, senior managing director at Guggenheim Securities, joins us to share what this week’s earnings report from Paramount could tell us about what’s coming next — for streaming, for entertainment and for media conglomerates on Wall Street. Then, we turn our attention to the upcoming personal consumption expenditures report, or PCE. The report is slated to be released on Thursday and with stocks looking priced for perfection these days, we’ll unpack what investors need to know to be ready. WSJ market reporters Gunjan Banerji and Sam Goldfarb join for a roundtable discussion on what the report means for the markets. Lastly, we’re celebrating the extra day this month with Mark Maurer, reporter for WSJ’s CFO Journal publication. Mark shares how chief financial officers at some of the largest companies, like Chipotle , Walmart , and Delta Airlines , are getting investors ready for leap day. Further Reading Skydance Backers Explore All-Cash Deal to Gain Control of Paramount For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Feb 18, 2024

Chipmaker Nvidia is having a strong start to the year. The company is currently the best performing stock in the S&P 500 for 2024 and the third-largest company in the U.S., with a value of about $1.8 trillion. But how are investors feeling about Nvidia’s success? Ahead of the company’s earnings report later this week, we’re speaking with Cathie Wood, CEO and chief investment officer of ARK Invest, who recently went from a buyer to a seller of Nvidia stock. Cathie shares insight into that decision and what she’s most looking forward to from this week’s report. You can hear an extended conversation with Cathie Wood - plus other exclusive content - on WSJ SPECIAL ACCESS. Available on Spotify and Apple Podcast . Then, we’re turning our attention to Thursday’s existing home sales report from the National Association of Realtors. Few markets have been as impacted by inflation as the housing market. With mortgage rates touching the highest level in 23 years in October, we bring on WSJ housing reporter, Nicole Friedman, to discuss what that means for potential homebuyers and sellers. Lastly, we keep Nicole around to discuss inflation and how it’s shifted homeowners to focusing less on selling and more on renovating their homes. We’ll also be looking out for signs that prices are rising again in the earnings reports we’re expecting this week from Walmart and Home Depot . (Correction: Nvidia is the third-largest company in the U.S. An earlier version of this podcast incorrectly said it was the fourth-largest. (Corrected on Feb. 20) Learn more about your ad choices. Visit megaphone.fm/adchoices

Feb 15, 2024

BlackRock’s Rick Rieder leads the $10 trillion asset manager’s global asset allocation team and he’s excited about a return to normalcy in 2024. He’s expecting strong economic growth and he’s hoping the Fed will speed up its interest rate cuts this year. Plus, he explains why he likes bitcoin and what his big worry is right now. Learn more about your ad choices. Visit megaphone.fm/adchoices

Feb 11, 2024

Why will DoorDash’s earnings report deliver a better check-up for the U.S. economy than Marriott, Coca-Cola and Kraft-Heinz this week? Because the affordable luxury of food delivery is a great barometer for how much Americans are still willing to spend. Jason Helfstein, Oppenheimer and Company’s managing director and head of Internet research, tells us why he’s giving the stock a buy rating and how he thinks the latest changes to minimum wage laws will affect stockholders. And it’s still all about inflation. WSJ markets reporter Eric Wallerstein joins us to break down why this week’s CPI inflation report could really move markets. Plus, Valentine’s Day is on the way, which for many means gifts. We look at which sector might see a boost from the holiday of love. Further Reading As CFOs Prepare for an Unpredictable 2024, Here’s What Tops Their Checklists Investors Are Almost Always Wrong About the Fed Why Inflation Is Rising Again: Breaking Down the December CPI Report 11 Valentine’s Day Gifts to Warm Her Heart (and Everything Else) For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Feb 4, 2024

This week, multinational food, snack, and beverage company, PepsiCo is set to release their fourth quarter financial results. The soda maker has made headlines recently after their products were removed from European supermarket chain, Carrefour. The split follows a recent announcement by PepsiCo's chief financial officer, Hugh Johnston, that the company is expecting to slow price hikes this year. Jeremy Goldberg, portfolio manager at Professional Advisory Services, joins us to share what these moves will mean for investors. Then, we're turning our attention to CVS Health Corp’s earnings this week. The retail pharmacy chain recently announced plans to close dozens of pharmacies inside Target stores as pharmacies struggle to grow retail profits. WSJ reporter Anna Matthews joins to share what this means for the company's future and what it says about the state of drugstores. We wrap up the show with a 'happy birthday' to Meta, which will be celebrating the 20th anniversary of Facebook later this week. Sal Rodriguez, WSJ's social media reporter, joins us to discuss what the tech giant may be looking forward to next. Further Reading PepsiCo, Grocery Giant Bicker Over Who Dumped Whom CVS Is Closing Pharmacies Inside Some Target Stores Learn more about your ad choices. Visit megaphone.fm/adchoices

Jan 28, 2024

This week, the Federal Reserve's rate-setting committee is expected to release a decision on interest rates. When will the central bank finally begin lowering rates? Former St. Louis Fed President James Bullard joins us to share his thoughts on the decision and what he thinks the Fed needs to prioritize next. Plus, ready or not, tax season is here. Tax filing season starts January 29 and we want to understand what this means for you and your investments. WSJ reporter, Laura Saunders, joins us to share what investors should be paying most attention to as they prepare their filings. Plus, we’re gearing up to enter Apple’s virtual world. The technology company is set to release their mixed-reality headset, Vision Pro, at the end of the week. The company also faces added pressures from Microsoft as the company briefly overtook Apple as the largest U.S. company by market value. Could virtual reality be what keeps Apple on top? Further Reading Stocks Fall on Rate-Cut Pessimism Fed Posts Largest-Ever Annual Operating Loss How Much Is the Standard Deduction and Should I Take It on My Tax Return? How You Can Grab a 0% Tax Rate For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Jan 24, 2024

As we look ahead to what this year will hold for the markets, one question looming is the results of November's presidential election. While nothing is certain, it’s very likely that President Biden will be the Democratic nominee for president. So what can investors and everyday Americans who are thinking about their bank accounts, jobs and families expect from the rest of 2024 and the next four years if Biden is re-elected? To find out, we’re talking to Jared Bernstein, chair of the Council of Economic Advisors, an agency within the White House that gives the president advice on economic policy. Bernstein previously served as Biden’s chief economist during his first two years as vice president, from 2009 to 2011. In this bonus episode, we'll talk with Bernstein about jobs, the national debt, inflation, China and the trade war, and whether the U.S. economy needs more stimulus or some serious budget cuts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jan 21, 2024

What are business owners' biggest worries and how are they feeling about the economy? This week, the National Association for Business Economics, or NABE, is expected to release its first survey of the year. We spoke with Constance Hunter – a senior adviser at MacroPolicy Perspectives and a past president of NABE – about how investors should be thinking about this data and what it could mean for the economy and financial markets in 2024. And, in our roundtable with WSJ reporters Sharon Terlep and George Downs we discuss Boeing's recent issues with its 737 Max jet and its upcoming earnings call. Further Reading Consumers Start 2024 on Strong Footing After a Jolly Holiday Boeing’s Pile of Problems Gets Bigger as a Crucial Buyer Hesitates Can Boeing Repair the $12 Billion Hole in Its Reputation? Inflation Is Down, but It Wasn't 'Transitory' For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Jan 14, 2024

Zillow co-founder Spencer Rascoff joins us this week to talk about housing and the state of tech and investing in private markets. Although mortgage rates have fallen from their peak in 2023, there may not be enough inventory to bring in potential homebuyers. Rascoff tells us about what he sees as potential obstacles and successes for the housing market. And, as an entrepreneur and a venture capital investor who has co-founded some of the most well-known companies in the U.S., including Hotwire.com, Rascoff also tells us how he’s reading the markets as we get into 2024. Plus, the World Economic Forum begins this week. The annual meeting, held in Davos, Switzerland, brings together cultural, policy and business leaders "to shape global, regional and industry agendas." From AI to unexpected economic optimism, WSJ deputy editor in chief Charles Forelle will discuss what he’ll be looking for from the conference. Further Reading Investors’ Hope for 2024: A Return to Long-Lost Normalcy The Hidden Force Pushing Mortgage Rates Down Facing Housing Shortages, Cities Try Cramming More Units on Lots Misinformation Seen as Top Global Risk in Year of Pivotal Elections For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Jan 7, 2024

Investors are bullish on big companies, but what about the small ones that drive almost half of U.S. economic activity? Arlan Hamilton leads a venture capital firm that invests in these small firms and has a front-row seat. Her fund, Backstage Capital, has invested in hundreds of small companies that are hoping to become large ones and she’ll tell us what she sees happening right now and what’s on the horizon. Plus, is banking back? Bank stocks soared at the end of 2023, with a couple even outperforming the S&P 500. It shows investors have put the banking crisis that sunk the market in March behind them. But is the coast all clear? And how did we get here? We’ll find out from WSJ banking reporter Rachel Ensign as the three largest banks in the country — JPMorgan Chase, Bank of America and Wells Fargo — are all scheduled to report their earnings on Friday. Further Reading WSJ Reports: Small Business The Coming Deluge for Small Business U.S. Small-Business Sentiment Kept Sliding in September How the Fed's Fight Against Inflation Could Hit Small Business First Republic Crashed and Burned. This Bank Wants to Copy Its Business. How the 2023 Bank Crisis Can Still Be Felt in 2024 Best Banks and Credit Unions for 2024 Learn more about your ad choices. Visit megaphone.fm/adchoices

Dec 31, 2023

The new year is upon us, and this week we’re telling you what you need to know to make sense of the markets as we head into 2024. It’s our final episode of 2023, and what a year it was: a long-forecast recession never materialized, the U.S. economy saw solid growth, and the stock market delivered spectacular returns – all while rising interest rates put the squeeze on borrowers and the housing market. So what should we expect for 2024? David Kelly, chief global strategist and head of the Global Market Insights Strategy team for J.P. Morgan Asset Management, joins us to share his outlook and explain what you should be on the lookout for next year. Then, we're taking on questions from our listeners about the economy, mortgage rates and what’s next for the Federal Reserve. Further Reading: U.S. Inflation Expected to Keep Slowing Will the Fed Cut Interest Rates in 2024? | Market Takes How the Fed Will Shift Its Focus in 2024 If You’re Worried About the Economy, Here’s What You Can Do The Math for Buying a Home No Longer Works. These Charts Show You Why. For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Dec 20, 2023

The financial markets seem convinced that interest rates are poised to come down next year. But officials at the Federal Reserve aren’t committing to rate cuts yet. Chicago Fed President Austan Goolsbee, who was on the Fed’s rate-setting committee this year, joins WSJ’s Take On the Week to discuss why “all things are on the table” when it comes to interest rates, including potential rate hikes, and why he thinks there is still a risk of recession. Plus: what’s keeping him up at night, and why he says it may be time for the Fed to shift its focus from inflation to the slowing U.S. labor market. Further Reading Fed Official Says Central Bank Isn’t ‘Really Talking About Rate Cuts’ Chicago Fed’s Goolsbee Says Fed May Need to Shift Its Focus to Jobs Fed Begins Pivot Toward Lowering Rates as Inflation Declines For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Dec 17, 2023

This week, we’re getting data from the Federal Reserve's favored measure of inflation , the personal consumption expenditures report, or PCE. While surprisingly strong consumer spending has helped boost the economy this past year, several reports show that consumers’ spending may be getting maxed out by high grocery prices and rising costs for medical care and transportation. Nela Richardson, chief economist at ADP, joins to share what rising jobless claims and strong consumer spending means for the economy. Plus, Carmax and FedEx are expected to release their earnings report this week. While the two companies may seem disconnected, they now share a common competitor: Amazon . The e-commerce giant has recently announced plans to begin selling cars online , and just weeks before, officially became the largest delivery company in the U.S. WSJ’s Amazon reporter Dana Mattioli joins to share what Amazon’s business moves mean for companies like Carmax and FedEx. Further Reading Inflation Edges Lower, but Still Too High for the Fed How Inflation Can Keep Falling Hyundai to Be First Automaker to Sell New Cars on Amazon The Biggest Delivery Business in the U.S. Is No Longer UPS or FedEx For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Dec 10, 2023

This week, we’re getting the fourth-quarter earnings from Photoshop creator, Adobe . The company’s announcement in October of new AI tools and services led to a five-percent jump in its stock, solidifying the investor excitement still surrounding AI technology. Dan Gallagher, a technology columnist for WSJ’s Heard on the Street, joins to explain how these new services will affect Adobe’s business and what investors should be looking for in its latest earnings report. Then, we’re turning our attention to the Federal Reserve. We’ll be getting another interest rate decision from the Federal Reserve this week and while investors will be looking to see if those rates finally begin to come down, we’re examining a few of the other levers the Federal Reserve pulls to move the markets. Mark Cabana, head of US Rates Strategy at BofA Securities, joins us to share what are those other levers and how they determine the direction of the markets, the economy and the cost to borrow money. Don’t worry, we still left room for dessert. Darden Restaurants, the parent company of Olive Garden, is also expected to report earnings this week. The restaurant sector has seen a slower decline than other sectors when it comes to consumer spending. WSJ reporter Heather Haddon joins us to share why that is and how Gen-Z is influencing restaurants’ marketing strategy. We want to know what you’ve been wondering about the economy, companies, stocks, bonds, or markets in general. Send us a note or a voice-memo recording to takeontheweek@wsj.com or leave a voicemail at (212) 416-3489. Further Reading A New Way to​ Tell Deepfakes From Real Photos: Can It Work? Adobe May Be Tech’s Biggest AI Bet Yet Fed’s Interest Rate Hikes Are Probably Over, but Officials Are Reluctant to Say So Investors See Interest-Rate Cuts Coming Soon, Recession or Not For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Dec 3, 2023

This week, we’re turning our attention to the jobs report. The Labor Department is expected to release their monthly jobs report this Friday. The report is arriving at a crucial time as recession concerns still loom for many investors and consumers. According to last month’s consumer confidence index, released by T he Conference Board , a business research organization that oversees the monthly confidence survey, around two-thirds of consumers said a recession was “somewhat” or “very likely” in the next 12 months. We're chatting with Dana Peterson, chief economist at The Conference Board, about why consumers and investors are a bit unnerved right now and what that tells us about the economy and markets. To take the conversation even further, we’re then talking to Heather Boushey, a member of the White House’s Council of Economic Advisors. Heather joins us to share how the Biden administration is handling low confidence levels and slowing job gains. Plus, we get a temperature check on the status of Covid-19 vaccine makers, Moderna and Pfizer. Both companies have had significant stock losses since their highs in 2021. How does that affect the overall health of the pharmaceutical and drug sectors and how do drugs that aid weight loss, like Ozempic, factor into all of this? Jared Hopkins, a WSJ reporter covering healthcare and pharmaceuticals, joins us to explain. Further Reading Investors See Interest-Rate Cuts Coming Soon, Recession or Not For more coverage of the markets and your investments, head to WSJ.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Nov 26, 2023

About 95% of companies in the S&P 500 have reported third-quarter earnings. So this week, we’re having a roundtable conversation to discuss what we learned from the latest quarter and what the earnings reports tell us about where the market is and where it’s heading. WSJ’s Heard on the Street editor Spencer Jakab and reporter Justin Lahart join us to explore those ideas and more. Then, we’re turning our attention to Dubai where the 28th annual United Nations Conference of the Parties, or COP 28, is kicking off this Thursday. The conference is all about governments coming together to agree on policies to address climate change. WSJ climate finance reporter Amrith Ramkumar explains why this year's conference is welcoming oil giants like Exxon Mobil and Chevron, and why you could see some big market moves for the next two weeks. We want to know what you’ve been wondering about the economy, companies, stocks, bonds, or markets in general. Send us a note or a voice-memo recording to takeontheweek@wsj.com or leave a voicemail at (212) 416-3489. Further Reading Breaking Down the Best Earnings Quarter in a Year Big Oil Producer Lines Up African Carbon Deals Ahead of Climate Talks Nations Keep Upping Fossil-Fuel Production Despite Climate Pledge For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Nov 19, 2023

This week is Black Friday, which means it’s the unofficial kickoff of the holiday shopping season. The big question many economists want to know is will consumer spending be strong? WSJ retail reporter Sarah Nassauer joins us as we look ahead to earnings reports this week from retailers, like Best Buy and Dick’s Sporting Goods , to find out if the holiday spirit is enough to boost sales. Then, we’re turning our attention to artificial intelligence. Nvidia, the technology company known for designing and manufacturing computer graphic chips, is expected to report earnings this week. After the AI boom helped fuel gains for the company, investors are looking to see what recent U.S. restrictions limiting exports to China will mean for the company and its stock. Brenda Vingiello, the chief investment officer of Silicon Valley-based Sand Hill Global Advisors, joins us to explain what investors should be looking for in Nvidia’s earnings report. Lastly, we’re queuing up for holiday travel. With a record number of consumers expected to travel in the next six months, we’re checking in with WSJ’s travel reporter, Jacob Passy, to find out if this sky-high travel is reaching a descent anytime soon. Further Reading Five Economic Signs You’re Smart to Procrastinate on Holiday Shopping This Year Nvidia’s $5 Billion of China Orders in Limbo After Latest U.S. Curbs For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Nov 12, 2023

This week, we're grabbing our toolboxes and heading to Home Depot. The home improvement retailer is expected to report earnings on Tuesday. Jinjoo Lee, who covers big retailers for The Wall Street Journal’s Heard on the Street column, joins guest host Telis Demos to talk about how the housing market, consumer spending and supply chains all play an integral role in Home Depot’s success. We’re also turning our attention to two upcoming reports on inflation to take a deeper look at what they mean for corporate profits. Nick Colas, co-founder of market analysis services company DataTrek Research, joins us to talk about how the potential of slowing inflation can affect a company's spending and earnings. Plus, we’ve also got expected earnings from Target and Walmart this week. We'll examine what their different stock journeys tell us about the American consumer. Further Reading U.S. Home Prices Rose to Record in August How Slowing Inflation Can Hit Corporate Profits For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Nov 8, 2023

Mohamed El-Erian is one of the world’s most respected economists and he has growing concerns about a recession in 2024. El-Erian previously served as the chief executive and chief investment officer at financial services company Pimco, and now is the chief economic advisor at Pimco’s parent company, Allianz, one of the world’s largest insurance and financial services firms. He is also the president of Queens’ College at the University of Cambridge. In this special episode of WSJ's Take On the Week, El-Erian discusses the policy mistakes he says the Federal Reserve has made and why he's hopeful about potential solutions that could keep the economy robust and resilient. Further Reading The Improbably Strong Economy Fed Takes Heart in a Supply-Side Boom The Economy Was Supposed to Slow by Now. Instead It’s Revving Up. For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Nov 5, 2023

This week, we’re turning our attention to breakfast cereals and snacks. Kellogg, the company responsible for cereals like Frosted Flakes and snacks like Pringles, in early October split into two companies: WK Kellogg and Kellanova. WK Kellogg maintained the company’s cereal products, while Kellanova kept snacks. Snacks have been big business for companies, but with changes to eating habits brought on by obesity drugs like Ozempic and Mounjaro, these companies may face some struggles ahead. WK Kellogg and Kellanova are expected to report earnings this week, so we’re speaking with Pamela Kaufman, a Morgan Stanley equity analyst who covers the packaged goods industry, to find out if the separation of the snacks and cereal businesses will prove to be a winning combination and what reduced appetites may mean for investors. Then, we’re queuing up for Disney’s earnings report. Merriment has gotten significantly more expensive with costs for admission to places like Disney’s theme parks rising faster than prices for food and gasoline. What will this week’s earnings from Disney tell us about the cost of having fun? Robbie Whelan, who covers Disney for WSJ, joins us to discuss how Disney’s higher-than-ever amusement park prices and declining television business will affect the company’s bottom line. Lastly, we’re looking at China’s upcoming consumer and producer price index reports to learn how a slowed economy in China impacts investors here in the states. Further Reading America Is Binging on Snacks, and Food Companies Are Eating It Up The Ozempic Craze Could Put These Companies on a Crash Diet Ozempic: How the Diabetes Drug Works and Why It’s Such a Big Deal for Weight Loss It’s Getting Too Expensive to Have Fun Disney Raises Prices at Its Theme Parks Disney Sheds New Light on ESPN’s Financial Challenges For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Oct 29, 2023

This week, we’re opening up our digital wallets and examining the current state of crypto. Wall Street hasn’t been talking much about crypto this year, and that silence has been golden for digital assets. The price of bitcoin has jumped by more than 100% year to date. Cryptocurrency exchange platform, Coinbase , is expected to report earnings this week so we’re chatting with Jeff Dorman, the chief investment officer of Arca, a crypto-focused asset manager, to find out why he thinks crypto will still come out on top despite bankruptcies , money laundering risks , and alleged fraud . It’s also Fed week. Members of the Fed’s rate-setting committee have been hard at work in recent weeks, making the case that moves in financial markets have done some of the Fed’s work for them, by tightening financial conditions. WSJ reporters Gunjan Banerji and Harriet Torry join us for a roundtable discussion on whether we should be expecting one final rate hike before the year’s end and how that could affect the market and investment portfolios. We wrap up with Starbucks. The popular coffee chain is also reporting earnings this week and we’ll be looking to see what their new CEO Laxman Narasihmhan has to share with investors about the health of retail, food service and U.S. consumers. Further Reading U.S. Targets Crypto Mixers Over Money Laundering Risks Crypto Lender Genesis Prepares to Liquidate Without Deal With Parent Company Sam Bankman-Fried to Take the Stand in Fraud Trial The Fed Is Putting Too Much Faith in Markets For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Oct 22, 2023

This week, we're looking ahead to the GDP data for the third quarter of 2023 to find out how much the American economy grew from July to September. Thanks to higher than expected numbers from the latest retail sales and jobs reports, economists have lowered the probability of a recession occurring next year to below 50 percent, the lowest it's been since summer 2022. With recession worries now taking a back seat, attention has shifted to the economy’s surprising growth and why it just might be too good to be true. KPMG chief economist Diane Swonk joins us to talk about that and what investors need to look for in this week’s GDP report. Then, we're talking Visa ahead of its expected earnings. WSJ reporter Angel Au-Yeung is here to explore how changes in the credit card fees charged to merchants could change how Visa and Mastercard do business, and what you pay at the store. We wrap things up getting Meta in Mark Zuckerberg’s metaverse to see what the company’s expected earnings report this week could tell us about Meta’s social media platform Threads and whether it’s giving Elon Musk’s X (formerly Twitter) a run for its money. Further Reading A Recession Is No Longer the Consensus Resilient U.S. Economy Defies Expectations Visa, Mastercard Prepare to Raise Credit-Card Fees For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Oct 15, 2023

This week, we’re looking at what the Federal Reserve is watching as it plots the course of interest rate hikes. In their most recent meeting, last month, minutes revealed that a majority of Fed members say one more rate hike would be appropriate. We’re two weeks away from the next Fed meeting, and investors are paying close attention as the decisions made will play a significant role on consumer spending and banks’ deposits . Mary Daly, the president of the San Francisco Federal Reserve , joins us with her take on where the economy stands, and what people are telling her about their personal economic outlooks. With stalled progress in slowing inflation revealed in September’s consumer-price index report, the road to two percent may take longer than investors would like. Plus, we’re looking ahead to earnings reports coming this week from Goldman Sachs , Netflix , and Johnson & Johnson . Michael Farr, CEO of investment advisory firm Farr, Miller, & Washington, tells us why those are the companies he’ll have his eye on this week and what their earnings reports can tell investors about how consumers are spending their money. Further Reading Fed Minutes Show Officials Divided on Future Rate Rise How Banks’ Deposit Pressures Could Get Worse, in Three Charts Why Consumers Are Mad About Inflation Even Though It Has Fallen This Inflation Report Won’t Let the Fed Declare Victory For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Oct 8, 2023

This week, we have banking and the recent rise in government bond yields in focus. Mary Daly, president of the San Francisco Federal Reserve, tells us that the run-up in bond yields means the need for another interest rate hike is “diminished.” But with the September jobs report showing job growth remaining stronger than expected , and the Fed seemingly committed to keep interest rates high , what could that mean for three of the biggest banks, JPMorgan Chase , Wells Fargo and Citigroup , who are set to report earnings this week? And what could it mean for how they handle our money? Then, we’re flying into Delta’s earnings report, also expected this week, with analyst Sheila Kahyaoglu, who covers the stock for the investment bank Jefferies . How is Delta navigating through the rough skies of high fuel and maintenance costs and the recent controversial changes to its Skymiles program, and what does that say about the state of travel and consumer spending? Plus, we’re looking ahead to this week’s release of the new Taylor Swift “Eras Tour” concert movie. The movie industry has problems. Could the record-breaking artist ’s film – and a deal to distribute Beyonce’s Renaissance concert movie too – help solve them, and provide AMC shareholders with a blockbuster profit? Further Reading It’s a Good Time to Buy Bonds. Just Know What You’re Getting Into. Fed Holds Rates Steady but Pencils In One More Hike This Year Costlier Fuel and Labor Cut Into Corporate Profit Taylor Swift Concert Film Brings ‘Eras Tour’ to Movie Theaters Will Taylor Swift’s ‘Eras Tour’ Become the First $1 Billion Tour? For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Oct 1, 2023

It’s a new month and quarter, and this week, we’re talking about three big pieces of economic news that could impact your money: the September jobs report, the turnover or JOLTS report, and the return of student loan payments. Last month, we saw job gains easing and unemployment ticking higher. Now, as student loan payments resume , economist Danielle DiMartino Booth makes the case that we’re heading for recession . We’re also previewing earnings from Constellation Brands , the company that made Modelo the top selling beer in America, besting Bud Light . Aaron Back , deputy editor for WSJ’s Heard on the Street , explains why that makes Constellation a stock to watch. Plus, ahead of Ford’s monthly sales report, we’re looking at a surprising sticking point in the UAW strike against the Big Three Detroit automakers: stock buybacks and CEO pay . Further Reading The Big Employer Still Adding Jobs and Boosting Pay: The Government The Job-Market Boom Is Over. Here’s Why and What It Means. Job Market Cools but Is Far From Freezing Unions Flex Power When Workers Are in Short Supply UAW Goes on Strike Against GM, Ford and Stellantis For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Sep 24, 2023

This week, we have our eye on the sneaker giant Nike . The company behind the Lebron 21, Air Force 1 and Air Jordans is expected to report its first quarter earnings, and it comes at a pivotal time. Nike stock is down around 20% year to date, as it faces a glut of inventory and a rash of thefts . Ahead of the holiday shopping season, Barclays analyst Adrienne Yih explains why she thinks it’s time to Just Do It and bet on Nike stock going higher. We’re also adjusting our collars as we gear up for Paris Fashion Week. What does the semiannual designer presentation tell us about how luxury brands are doing in the market? WSJ reporter Nick Kostov will let us know. And with the release of the new movie “Dumb Money” about the GameStop saga, we’re going to talk meme stocks with WSJ’s Gunjan Banerji . Further Reading How Nike Sneakers Get Stolen at Every Turn Nike Broke Up With Retailers. Now It’s Trying to Win Them Back. It’s Not Your Imagination—Shopping in Person Is Getting Worse Americans Are Buying Less Bling The World’s Richest Person Auditions His Five Children to Run LVMH, the Luxury Empire For more coverage of the markets and your investments, head to WSJ.com . Learn more about your ad choices. Visit megaphone.fm/adchoices

Sep 17, 2023

This week, the Federal Reserve is gathering to make its latest interest rate decision. The central bank is widely expected to hold rates steady, but the FOMC September meeting will give us a lot of clues about the future of the economy and the direction of the stock market. Former Fed official Vincent Reinhart, now chief economist at Dreyfus and Mellon, talks about how a new approach from the central bank could affect our money. We’ve also got our eyes on FedEx . The shipping giant is expected to report earnings this week, and WSJ reporter Esther Fung is here to explain its recent struggles , how it is competing with UPS and what this means for shareholders. And we’re talking about ESG. It’s one of the most talked-about terms in investing, but what do those letters actually mean? Take a listen to get a better grip on the markets for the week of September 17. Further Reading An Important Shift in Fed Officials’ Rate Stance Is Under Way Pushing Inflation to Fed Target Will Run Into Tight Labor Market, Researcher Says FedEx Quarterly Sales Fall 10% as Shipping Struggles Continue Looking for an Alternative to ESG Investing? Here’s One Possibility Learn more about your ad choices. Visit megaphone.fm/adchoices

Sep 10, 2023

The market’s next move will be determined by what happens with inflation , and this week, we’re looking ahead to the latest Consumer Price Index inflation report. One of the biggest drivers of inflation right now is housing costs . Chief economist at Zillow , Skylar Olsen, helps break down how the housing and rental markets are contributing to high inflation. Plus, WSJ’s Deputy Editor in Chief Charles Forelle joins to discuss Charles Schwab’s recent financial troubles and what those could mean for retail investors. Learn more about your ad choices. Visit megaphone.fm/adchoices

Sep 5, 2023

WSJ’s Take On the Week is a new weekly podcast that looks ahead at the events on the economic and business calendar to explain what they mean for your money and investments. With straightforward analysis and insight from guests who know what matters, this show provides you with what you need to know to take on the week. Episode 1 will be available September 10. Learn more about your ad choices. Visit megaphone.fm/adchoices