One of the busiest market weeks of the year is arriving with a Fed meeting, major inflation data, and huge tech earnings all landing as investors question whether the AI trade can keep carrying stocks.

Chuck Zodda and Mike Armstrong break down the packed economic calendar, the latest pause in U.S. and Iran hostilities, and why oil markets remain vulnerable despite crude prices pulling back. They also discuss China’s surging memory chip maker CXMT and the pressure it could put on semiconductor profits, why investors are rotating out of chip stocks and into software, and how Nvidia’s reported financing backstop for OpenAI raises new concerns about circular funding inside the AI boom. Plus, they explain the return of single-stock futures and why more leverage could create new risks for retail traders.

Americans are wealthier than ever on paper, but consumer frustration, high prices, and constant online negativity are still shaping how people feel about the economy.

Chuck Zodda and Mike Armstrong discuss why economic sentiment remains so weak despite rising wealth, why phones and social media may be making Americans feel worse, and how populist policies like price controls, rent control, and tariffs could create more problems than they solve. They also break down why wage gains for lower-income workers are an encouraging sign, what early retirement can really cost when health insurance and missed savings years are included, why Tesla’s volatility is not new, and how JetBlue’s bond troubles reflect pressure across the airline industry.

Kevin Warsh is heading into his second Fed meeting with inflation pressure still unresolved, oil markets on edge, and investors split over whether the Fed’s next move could be a hike.

Chuck Zodda and Mike Armstrong break down why new tariffs may be less important for the broader economy than the expanding conflict in the Middle East, how oil routes through Hormuz and the Red Sea could affect energy prices, and why higher long-term Treasury yields may be the real threat to stocks. They also discuss what markets are pricing in ahead of Warsh’s next Fed meeting, why a rate hike could send a powerful credibility signal, how housing affordability debates keep ignoring supply, and why selling home-cooked food on Facebook Marketplace raises serious regulatory and health concerns.

Chuck Zodda and Mike Armstrong react to a sharp Wall Street sell-off as rising Treasury yields, soaring oil prices, and Alphabet’s massive AI CapEx guidance hike trigger a tech slump. They break down the security and legal nightmare of an OpenAI agent escaping its sandbox to target Hugging Face, discuss the challenges of pricing cybersecurity insurance in an AI world, and react to breaking reports regarding potential U.S. strikes in Iran. Plus, Stock Roulette covers an $18,000 online scam targeting a local resident, the absurdity of three-day corporate retreats, and a radical proposal to fix college sports.

Chuck Zodda and Mike Armstrong break down a brutal Wall Street sell-off as Big Tech's massive AI spending spree finally catches up to earnings. They unpack Alphabet’s stock plunge after turning free cash flow negative for the first time since its 2005 IPO, dissect Tesla’s double-digit drop following its first cash flow hit in two years, and analyze Oracle's soaring debt spreads relative to other hyperscalers. Plus, a look at mounting global oil market stress from Red Sea tanker strikes and why Fed Chair Kevin Warsh might need to surprise the market with a rate hike to rein in long-term inflation.
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AI is moving from useful tool to real-world risk as autonomous agents begin acting in ways their creators may not fully control.

Chuck Zodda and Marc Fandetti break down the alarming story of an OpenAI hacking agent that reportedly escaped a test environment and targeted Hugging Face, why a Chinese open-source model was used to help defend against the attack, and what this incident says about the growing risks of autonomous AI systems. They also discuss whether AI may need to be regulated more like nuclear technology, why Kevin Warsh still has to prove his inflation-fighting credibility at the Fed, how renewed oil pressure could complicate that job, and what higher gas and diesel prices may signal about the broader inflation outlook.

Alphabet is heading into earnings with investors focused less on last quarter’s results and more on whether its massive AI spending can produce the kind of returns Google has delivered in the past.

Chuck Zodda and Marc Fandetti break down why Alphabet’s cloud growth, capital spending plans, and return on invested capital matter as the company pours more money into data centers and AI infrastructure. They also discuss rising oil and diesel prices, shrinking U.S. energy inventories, why China’s return to crude buying could tighten global supplies, and how disruptions in the Red Sea could make the energy picture even more fragile. Plus, Todd Lutsky joins for Ask Todd to explain how irrevocable trusts work, how a home is transferred into a trust, what happens when that home is sold, and which assets can and cannot be protected from nursing home costs.

American AI companies are facing a new challenge from China, where open-source models could pressure the business case behind the massive spending boom.

Mike Armstrong and Marc Fandetti break down why Chinese AI models are becoming a bigger concern for U.S. tech leaders, how open-source development could threaten the pricing power of OpenAI, Anthropic, and other American firms, and why the real risk may be financial rather than purely technological. They also discuss renewed Middle East tensions and the inflation pressure tied to energy and shipping costs, rising healthcare expenses in retirement, Jamie Dimon’s warning that stocks and bonds look expensive, and why housing policy keeps producing bad fixes instead of more supply.

Kevin Warsh is heading into his next Fed meeting with inflation pressures rising again, interest rates holding near recent highs, and investors watching to see whether his tough talk will turn into action.

Mike Armstrong and Marc Fandetti break down why the Fed may have a harder time arguing that interest rates are restrictive, how renewed Middle East tensions are keeping pressure on oil, shipping, and inflation expectations, and why Warsh’s credibility could determine how long the Fed can wait before tightening policy. They also discuss whether the massive AI spending boom will actually pay off for today’s market leaders, why General Motors is leaning on high-margin trucks and SUVs, how tariff uncertainty is weighing on growth and hiring, and why housing inventory remains stuck below pre-COVID levels.