CNBC Overtime

Wall Street's highly anticipated rate cut from the Federal Reserve could come next week. But how aggressively should the Federal Reserve cut? For Bob Elliott, CIO at Unlimited Funds, they shouldn't go far. "The types of cuts that are being priced in, particularly through the end of the year, are relatively aggressive," said Elliott. For Warren Pies, ERP, co-founder of 3Fourteen Research, it doesn't matter whether it is a 25 or 50 basis points cut, he is waiting for the Federal Reserve to signal if there will be a hundred basis points in total cuts this year. "I don't know if that's the right thing or the wrong thing for the economy," said Pies. "I just try to get in the right wavelength of the Fed and adjust portfolios accordingly."

Stocks rallied again ahead of next week’s Fed decision. The Nasdaq and S&P 500 notched five positive days in a row.? “Over the next 12 months, I think investors should be pretty confident. When the Fed has cut rates in a soft landing or no landing, the win ratio for markets higher 6 months, 12 months later, is almost 100%,” says Thomas (Tom) Lee of Fundstrat Global Advisors.

I speak with Klaviyo CEO Andrew Bialecki about the new frontier in digital marketing, the next level of personalization, and his entrepreneurial journey.

Could we see a boom in mortgage loans and refinancings after next week's highly anticipated rate cut from the Federal Reserve? Mat Ishbia, United Wholesale Mortgage CEO and Phoenix Suns owner, said the "refi boom" is happening right now.

Adobe shares fell after the company posted Q3 results despite beating on both lines. CEO Shantanu Narayen joined CNBC Overtime exclusively to discuss the quarter and outlook. #earnings #AI

Tech had another strong session today and small caps saw big gains.? Jill Hall, CFA of BofA Securities and Omar Aguilar, Ph.D. of Schwab Asset Management joined CNBC Overtime to discuss the markets and Fed expectations.

The iconic Transamerica Pyramid building in San Francisco is reopening after a $1 billion investment from the real estate developer firm SHVO and their partners.? CEO and Founder Michael Shvo joined CNBC Overtime to discuss the office building's renovation and the broader commercial real estate landscape. "I think right now, in the next 24 months, is an unbelievable opportunity to buy office buildings...this is the time to buy the assets when everybody's still worried but there's still light at the end of the tunnel," said Shvo.

This morning's August inflation report is proof that inflation is not coming down as quickly as the market has been expecting, said Apollo Global Management, Inc. Management's chief Economist Torsten Slok. "We think they will have time to lower interest rates," said Slok, "and that is why a 25 basis point cut next week is more than enough."

Shares of ServiceNow hit a fresh all-time high today after the company announced the latest release of its Now Platform which will feature AI agents for customer service management and IT service management.? CEO and Chairman Bill McDermott joined CNBC Overtime to discuss the rollout and adoption he’s seeing from customers. "What's quite amazing is the advanced reasoning these [AI] agents have...we're putting AI to work for people with one platform, one data model, one architecture, so on an end to end basis, you can run your business a lot better," said McDermott.?

An up and down session for the major averages. Tech outperformed after a big pop for Oracle. The Dow saw pressure dragged by the big banks. “We still think the underline bull market trend is intact,” said Truist’s Keith Lerner, CFA, CMT, “but it’s going to be a sloppier period, everyone knows it’s a seasonally weak period.” “The bond market’s reflecting the soft landing trajectory that both growth and inflation have been on," added Vital Knowledge's Adam Crisafulli.