Sticky inflation has Bank of America predicting 75 basis points of Fed hikes this year. Acting FDA Commissioner Kyle Diamantas on a rule change for ingredients and the ongoing foodborne illness outbreaks. Plus, the name trader Jeff Kilburg is buying on the dip.<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Take a Three-Quarter Point Hike, Food Safety Changes, and Grab the Chips 8/10/26

The Exchange

You're listening to The Exchange. Here's today's show.

Last week, they're back in the driver's seat. Elon Musk says AI agent traffic will vastly outnumber human usage of the Internet. The CEO of Checkpoint joins us exclusively to weigh in on that. Plus, the acting head of the FDA joins us on the heels of a new proposal that would tighten oversight of what goes into our food. As Taylor Farms recalls products from Walmart and Kroger as the salmonella outbreak grows, we'll ask the commissioner about all of that coming up.

But let's begin with the question hanging over these markets. Was the surprise drop in payrolls we got last Friday enough to take Fed rate hikes off the table this year? The market is still pricing in a hike in September. We're joined by senior economics reporter Steve Leisman. I guess, Steve, they still feel like we need a little bit here, as long as it's not, you know, a lot more than that. But what is your take on having a weekend to digest now? I think it takes it off the table for the week because for a couple of days tomorrow we get CPI.

That's going to be more important. I had a very different take on the job market and the data from Friday than most other people, from what I can read. A lot of these, the press talked about this idea of, oh, my God, minus 23,000. We're losing jobs. That was not my concern at all. When I look at that number, I think of it well within the range of what may be normal. And that's the problem.

Take a Three-Quarter Point Hike, Food Safety Changes, and Grab the Chips 8/10/26

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Take a Three-Quarter Point Hike, Food Safety Changes, and Grab the Chips 8/10/26

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.