Market on Close is Schwab Network’s signature end-of-day show—live from Wall Street and Chicago—where market intel meets real-time momentum. With Sam Vadas at the NYSE and Marley Kayden anchoring from Chicago HQ, we connect the dots between traders, catalysts, and tomorrow’s opening bell.&nbsp;

Market On Close

"Once you get to space, everything is limitless," says Stephen Sopko. He points to the tentative merger between xAI and SpaceX as one that offers a wealth of possibilities, from powering data centers in space to building satellites which will offer wireless global coverage. Two headwinds Stephen sees for Elon Musk's ambitions: the timeline and international questions he'll have to answer.

SpaceX & xAI Merger's 'Limitless' Potential in Combining AI, Energy & Space Tech

On a day where Bitcoin hit 52-week lows, Rebecca Liao makes the case that Kevin Warsh's presidential nomination for Fed Chair will be beneficial for cryptocurrencies. She argues the Clarity Act will not be enough for digital assets and believes Warsh's leadership will offer the next leg higher for the blockchain. Rebecca later discusses other bullish catalysts for Bitcoin, from bank adoption to leadership changes beyond government.

The FOMC's Crypto Correlation: What Warsh Means for Bitcoin

Wedbush's Scott Devitt is constructive when it comes to Uber Technologies' (UBER) short-term potential. It's Uber's long road toward uncertainty where he's not confident. Scott points to autonomous driving technology and rising competition in the industry from Alphabet's (GOOGL) Waymo and Tesla (TSLA) as major headwinds. Tom White offers an example options trade for Uber.

Wedbush: UBER Earnings Need to Show TSLA, Waymo Robotaxi Resilience

Meghan Joyce calls Palantir's (PLTR) latest earnings an "inflection point" for the company. While the AI software giant's international sales remain weak, its 137% year-over-year commercial revenue growth is a metric Meghan believes can't be ignored. As for Christopher Davis, he agrees with positivity backing the growth outlook but remains cautious on Palantir under future presidential administrations.

'This Inflection Point is Real:' Headwinds & Tailwinds in PLTR Earnings

Earnings so far "hit it out of the park," says Market Rebellion's Pete Najarian. He points to companies like SanDisk (SNDK) and Western Digital (WDC) showing promise for memory chip stocks and believes they have more room to run. When it comes to the metal trade, he expects the same even after silver and gold's recent downturn. Pete's big factors behind his bull case include silver's tie to AI and EVs, along with options momentum reaccelerating for ETFs like SLV and GLD.

Pete Najarian: Memory Chips, Silver & Gold Surges to Continue

The Street is finally realizing that Palantir (PLTR) is an AI stock, argues Brian Mulberry as the stock pops after earnings. “The market is really looking at software that AI can take over,” he explains, meaning traders need to filter names in the sector carefully. He wants to play “in the middle” between software and memory. His picks now include Emcor (EME), Amphenol (APH), and Lam Research (LRCX). Brian also shares his opinions on the Mag 7 stocks.

‘Play in the Middle’ of the AI Trade as it Disrupts Software Sector: EME, APH, LRCX

Anthony Georgiades, recently appointed to the Board of Directors at Pineapple Financial, joins Diane King Hall to discuss the tokenization trends within the real estate sector. He provides background on the digital asset transformation underway and why mortgages are another asset class ready for blockchain technology. Anthony discusses the hurdles to bringing these products on-chain but makes the argument why it could be a growth opportunity for investors.

Tokenization Takes on Mortgages & Real Estate

David Kaplan checks in at the NYSE desk and provides a check-up on healthcare giant Merck (MRK). The company reported a slight beat in its 4Q earnings figures, and Kaplan says its Keytruda product pipeline will be important as it starts to face generic competitors. He notes headwinds in the vaccine business and weakness in China due to regulations impacting its ability to market pharmaceutical products. Kaplan discusses the M&amp;A activity in the biopharma space and how Keytruda combination therapies will be something to monitor.

MRK Headwinds: Rise of Keytruda Generics, China Weakness, Regulatory Outlook

Palantir (PLTR) more than doubled its commercial revenue growth year-over-year and saw 70% total revenue growth during that same period. It helped push the company's earnings well-above the Street's expectations. Marley Kayden, Sam Vadas, and Kevin Green break down the numbers as they hit the wire and explain what it means for the software giant's outlook.

EARNINGS ALERT: PLTR

David Fetherstonhaugh believe high-bandwidth memory is the real powerhouse driving the AI super cycle. Companies like SK Hynix and Micron (MU), along with their supply constraints, have become a critical focus behind the tech trade for that very reason. David makes the distinction between demand-driven and user-driven cycles to storage chips and how each play a part in memory chip stocks' substantial rallies.

Supply, Demand & AI Super Cycle: Powerhouses Behind Storage Chip Surges

Alphabet (GOOGL) "can be displaced entirely" if advertising revenue slows down quickly, says Kim Forrest. She explains her case for the "existential crisis" AI brings to it and other Big Tech firms. Cory Johnson adds onto Kim's case by offering clarity to the murkiness of Alphabet's earnings ahead of this week's report. That said, Cory is impressed with the amount of money Mag 7 companies are saving for AI infrastructure. He talks about the path ahead for Meta Platforms (META) and Microsoft (MSFT) after their reports.

Mag 7's 'Commitment' to Data Centers & GOOGL 'Existential Crisis'

With Palantir's (PLTR) valuation being one of the biggest points of contention around the stock, Scott Kessler offers a full perspective for the company into earnings. He puts stock fundamentals against Palantir's projected growth to determine how much more room shares have to run with an already-expensive entry point.

PLTR Earnings Preview: Weighing Fundamentals to Future Growth

Larry Donald calls Jensen Huang “slippery as a Mississippi eel” as he tries to keep Nvidia (NVDA) stock high. He looks at the commodities trade, including memory for AI, and says a run up in prices can eventually create a bear market. He’s “oversold” right now and believes we are 2-3 years into an “8-year” bear market for the dollar. The amount of capital leaving the U.S. is making the White House nervous, he believes. Larry argues that inflation will return in 2026.

Bear Market Potential Driven by Commodities, Inflation Bump

Sean O’Hara describes a “momentum fizzle” in tech and looks to quality instead. He thinks the AI trade is too focused on the Mag 7 and investors should broaden out, looking at which companies the AI capex is going to. “Do you want to bet on the spend side…or the receiver side?” On the broad market, he tells investors to watch the U.S. dollar. He thinks Kevin Warsh will “remake the Fed” and help get their balance sheet “back in line.” Sean shares international and small cap opportunities in his firm’s ETFs.

AI Investing: Are You on the Spend Side or the Receiver Side?

This week's tech earnings feature names like Palantir (PLTR), Alphabet (GOOGL) and Amazon (AMZN) among many others. Steven Dickens stops by the Morning Movers NYSE desk to underline his focal points for these companies as they adapt to ongoing AI adoption. They try to answer the question: Do markets want aggressive A.I. capex spend? Steven says GPUs being built now are going online "right away" and demand is here now.

AI Demand Picture: What GOOGL, AMZN Earnings Mean This Week

Kenneth Suh joins Diane King Hall to discuss Walt Disney (DIS) earnings figures. Suh points to the growth in its streaming area, noting increased viewership in Avatar and Zootopia ahead of their sequel releases in theaters. He notes the looming Netflix (NFLX) &amp; Warner Bros. Discovery (WBD) deal as something to pay attention to, but believes Disney's sports partnership with the NFL strengthens its position. Suh comments on a report that Josh D'Amaro could be the successor to Bob Iger.

Disney Deep Dive: NFL/ESPN, Zootopia/Avatar & Iger's Successor

Meta Platforms (META) shares surged higher on the heels of its 4Q earnings report. As George Tsilis explains, the company's planned capital expenditures and AI expansion strategy sent a jolt into the stock. In the latest edition of Tech Corner, George re-visits the parent company of Facebook and Instagram to explain its focus shift from social media to generative AI.

Tech Corner: META's Big AI Spend

SEI Investments Company (SEIC) is leveraging momentum from record-breaking quarterly earnings driven by a strategic shift toward aggressive, outcome-oriented growth. While CEO Ryan Hicke anticipates some near-term margin pressure from client onboarding costs, the firm remains optimistic about long-term tailwinds in the outsourcing and alternative investment sectors.

SEIC Powers Ahead: Strong Earnings and Strategic Shifts in Private Markets

Austin Lyons takes investors through the first half of Mag 7 earnings. In his assessment of Microsoft (MSFT), he still sees tech strength and value in its enterprise powerhouse, though he believes Meta Platforms (META) has more room to run with AI integration. As for Apple (AAPL), Austin says the big question ahead will be how the company uses AI. Tesla (TSLA) is another firm expected to undergo big changes, though Austin remains concerned as to when robotaxi and Optimus will impact top line growth.

Mag 7 Earnings Recap: MSFT Tech Juggernaut, META 'AI Play' & TSLA Evolution

After Microsoft (MSFT), Meta Platforms (META), Tesla (TSLA), and Apple (AAPL) all reported earnings this week, Ali Mogharabi takes investors through the gauntlet of reports and weighs the outlook in the Mag 7. He believes Microsoft demonstrated risks when it comes to the software space while Meta Platforms bolstered its internal AI through advertising. However, he worries Meta's ecosystem isn't diversified enough.

MSFT v. META Earnings: Weighing the Good, Bad & Ugly in AI

SanDisk (SNDK) smashed expectations in earnings after EPS nearly doubled previous quarter expectations. Guidance for the current quarter more than tripled Wall Street estimates. Marley Kayden runs through the gauntlet of analyst upgrades and price target hikes after a report one analyst called "shocking." Dan Deming believes the report signals a "blow off top" in SanDisk shares and offers an example options trade for the stock.

SNDK Stuns Markets in Earnings & Guidance Over 'Unprecedented Demand'

Dr. Alan Baratz, CEO of D-Wave Quantum (QBTS), joins Opening Bell with a slew of updates on the company's growth picture. He shares details of new deals, including a 2-year $10M agreement with a Fortune 100 company. Baratz says his company has ongoing discussions with airlines, chemical manufacturers and even wireless companies all exploring quantum computing technology. He adds their partnership with Anduril and the company's defense exposure. Baratz explains the varied application uses for quantum and how D-Wave adopts to a broadening customer base.

D-Wave Quantum CEO on Latest Growth & Adoption Trends

Carley Garner says crude oil's "down on the mat" following a "tough" 2025. But Carley does flag a rebound in the U.S. dollar could impact crude oil. She explains the historical correlation between the dollar and oil. Carley underlines the significance of the $65 level for crude oil and $95 for the dollar over the past 20 years. She adds that a new Fed Chair could also affect the dollar-crude oil correlation.

Crude Oil's 'Tough' 2025, Impact of Weaker Dollar

Neil Chatterjee joins Diane King Hall to discuss the hot button topic impacting Americans: higher energy bills tied to the surge in A.I. demand. Neil says it could be the biggest drain on the energy grid since "the advent of air conditioning." He says many consumers tie energy increases just to gasoline, but are now gaining more awareness of the tie to electricity. Neil stresses the importance of government officials ensuring a reliability of the power grid moving forward. On nuclear power, he's bearish saying "we can't yet bank on it," adding the answers are more in solar solutions.

How A.I. Reshapes Energy Consumption

Apple (AAPL) posted yet another earnings beat while muscling significant numbers for iPhone sales and revenue from China. However, its services segment came in-line. Marley Kayden, Sam Vadas, and George Tsilis take investors through the extensive report and explain how it all plays into the Mag 7 firm's strength in tech as it finds its footing in the AI trade.

EARNINGS ALERT: AAPL

From a fundamental standpoint, Steven Dickens remains "long-term bullish" on the AI trade even after Microsoft's (MSFT) stark sell-off Thursday. He talks about his discussions with tech and energy executives to offer insight into 2026's "buildout phase." Steven likes small and mid-sized software companies setting the foundation for strong earnings growth that supply AI demand "here and now." He taps IBM Corp. (IBM), Broadcom (AVGO), and Alphabet (GOOGL) as Big Tech firms to watch.

AI Demand 'Here and Now:' Steven Dickens' Infrastructure Buildout Bull Case

Mark Thumser, CFO of MUFG Americas, discusses how the bank is financing data centers to boost the AI revolution. He introduces MUFG Americas, calling it a “structured solutions house,” and explaining the kind of banking that it does. He believes AI is going to be the biggest industrial transformation in the world’s history and is “playing the long game.” Mark also talks about his outlook for U.S. economic risks and why he anticipates 3-4 rate cuts this year.

MUFG Americas CFO on Financing Billions for the AI Revolution

Tesla (TSLA) is putting it automobile business in the backseat. CEO Elon Musk doubled down on robotaxi and robotics in Wednesday's earnings call. Hatem Dhiab calls Musk's decision a "hard reset" which changes the direction of the company that adds short and mid-term pressure for the Mag 7 giant. From full self-driving to Tesla's investment in xAI, Hatem highlights the road ahead for the firm's autonomous and robotics future.

Tesla's 'Hard Reset:' Explaining Gear Shift from EV to AI & xAI Investment

Tesla (TSLA) beat earnings and showed dedication in ramping up robotaxi and robotics. However, it will pull back on EVs by discontinuing its S and X models. Steve Westly believes the Mag 7 company is driving down a dark road, pointing to steeping competition in the U.S. and abroad. He poses the question to Tesla: "how do you keep that huge P/E ratio up" with headwinds ahead? CFRA's Garrett Nelson adds the conversation by explaining how the "disconnect" in share price to earnings growth can come back to bite shareholders.

TSLA EV Slowdown, Full Speed on AI: Earnings Highlight 'Critical' 2026 Ahead

Apple's (AAPL) "bar is high because Tim Cook put it up there" for earnings, says Marley Kayden. She explains how Apple is setting the stage for its report after the close on Thursday for a widely-expected beat. While the company's iPhone ecosystem remains a hot topic, Marley adds that the AI focus stays strong with Apple expected to integrate Alphabet's (GOOGL) Google Gemini next month. Joe Tigay offers an example options trade for the Mag 7 stock.

iPhone Sales, Siri & Google Gemini: AAPL Earnings Preview & Options Trade

Don’t miss the go-to resource for pre-market action from the floorof the New York Stock Exchange. Join Diane King Hall for breaking economic news, expert analysis, technical insights, and real-timetrading strategies.

Morning Movers

“Opening Bell with Nicole Petallides" is Schwab Network’s flagship new morning show—broadcast live from the floor of the New York Stock Exchange—and built from the ground up to serve the active trader, the tactical investor, and the market-curious viewer who wants more than just headlines.

Opening Bell With Nicole Petallides

Sam Vadas takes traders beyond the headlines with a sharp focus on the macro drivers, sector rotations, and global forces shaping the day’s market action. From breaking down U.S. and international economic data to analyzing sector performance and cross-asset moves, Morning Trade Live delivers the context traders need to understand the “why” behind early trading activity.

Morning Trade Live

After the dust settles from the opening bell, Trading 360 with Marley Kayden features Wall Street’s best traders, analysts and technicians to break down sectors and stocks moving markets. Trading 360 focuses on disruptive companies and new technologies driving market headlines while providing investors a 360-degree actionable approach to trading.

Trading 360

Host Diane King Hall teams up with veteran traders Tom White and Kevin Hincks to break down live market moves and deliver actionable trade ideas in real time. From options strategies and volatility plays to earnings reactions, they bring in market specialists, analysts, and guests to give active traders the setups and strategies they can use right now.

Fast Market

The future of trading is here on Next Gen Investing. Alex Coffey and Jenny Horne take viewers through the markets from a unique perspective to help new investors pursue their financial goals. Next Gen Investing will explore various trading strategies while highlighting trending names and under the radar stocks in the market, while walking investors through real-time example trades.

Next Gen Investing

The Watch List with Nicole Petallides offers investors a midday look at the most relevant stocks, sectors and commodities. Petallides hosts a panel of experts ranging from industry-leading CEOs, analysts and Wall Street influencers to discuss pressing topics moving the market in real-time. The Watch List provides viewers with a midpoint status update for the end of the trading day and beyond.

The Watch List

Market Overtime takes a break from the day-to-day news cycle and explores global financial trends with veteran investors and leading market minds. The show is a conversation looking at what is driving headlines globally, and what these trends mean for markets, the economy, and your financial future. Tune in to Market Overtime to get a new perspective on investing.

Market Overtime

Ever wonder what&nbsp;really&nbsp;makes a trader tick? Watch as a renowned neuroscientist takes you inside the minds of some of the most brilliant traders so you can discover ways you might apply their thinking to your own strategies. Presented by our broker-dealer affiliate, Charles Schwab &amp; Co., Inc., member SIPC, a subsidiary of The Charles Schwab Corporation,&nbsp;Inside the Mind of a Trader&nbsp;uses a mixture of questions and experiments to explore the mindset of three seasoned traders.Episodes premiere weekly starting Tuesday, September 3, 2024.

Inside the Mind of a Trader

Instead of sitting on the sidelines, take control of your financial future by watching Your First Trade. Host Ben Watson, Sr. Manager, Education Coach&nbsp;takes you on an educational journey where you can discover fundamental trading concepts and how to navigate the thinkorswim platform from Charles Schwab &amp; Co., Inc, member FINRA/SIPC, a subsidiary of The Charles Schwab Corporation. Your First Trade program content is presented by Charles Schwab &amp; Co., Inc. a broker/dealer, for educational purposes only.

Your First Trade

     

The Wrap is a nightly recap show, delivering the day’s top market headlines and most insightful interviews from Schwab Network's daily market coverage. Airing daily at 7pm ET, it highlights key takeaways from the trading session, expert analysis, and actionable ideas from the network’s best conversations—giving investors a concise, informative look at what moved the markets and what to watch next.

The Wrap

Schwab's Chief Investment Strategist, Liz Ann Sonders, brings her market insights and economic analysis to Schwab Coaching! Liz Ann Sonders and host Joe Mazzola will discuss her Market Commentary column and update you on the latest economic data and indicators that could impact the investing landscape. Join us and don't hesitate to ask your questions during this live, interactive segment.

Liz Ann Live

Join Schwab’s panel of experts on&nbsp;December&nbsp;11th for 2026 Market Outlook — your guide to the forces shaping stocks, global markets, inflation, rates, and more.&nbsp;Hear from experts on where the markets may be heading, spot opportunities, and see what could drive your portfolio next year.Tune in on&nbsp;Thursday,&nbsp;December&nbsp;11th&nbsp;at 7pm Eastern on Schwab Network.

Schwab 2026 Outlook

Schwab’s panel of experts discussed the forces shaping stocks, global markets, inflation, rates, and more to prepare traders for 2026. Hear from experts on where the markets may be heading, spot opportunities, and see what could drive your portfolio next year.