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Dodd-Frank Reform, EU Uncertainty, OPEC Output Plans | Free Lunch

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On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney highlights the latest uncertainty out of the European Union after Italy’s failure to form a new government, as well as recent volatility in oil prices thanks to moves from OPEC and U.S. exporters. Later, Ryan is joined by Dave Bartosiak to discuss Dodd-Frank reform.

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Investors returned from the Memorial Day holiday to the news that Italy’s two anti-establishment parties—the progressive 5 Star and far-right The League—had stalled in their efforts to form a new government. This will likely trigger a revote and create more uncertainty about the country’s future in the European Union.

Meanwhile, new reports suggested that the U.S. is on track to export a record amount of oil to Asia in the coming months, snagging more market share from Russia and OPEC. This comes on the back of news that Russia and OPEC might be forced to increase production to counteract a huge decline in Venezuelan output.

On the first half of today’s Free Lunch, Ryan touches on both of these stories, so be sure to tune in and catch up with what you need to know this morning!

Later in the episode, Ryan speaks to Zacks Strategist Dave Bartosiak about Wall Street regulation and the first major rollback of Dodd-Frank rules which sought to keep control of America’s financial institutions. Dodd-Frank was enacted in response to the Great Recession, but many felt the law went too far. Now, some aspects of the bill are being overturned, giving more leeway to all but the largest banks in the country.

The new “deregulation” will have the most impact on companies operating between unique thresholds in terms of assets, including American Express (AXP - Free Report) , PNC (PNC - Free Report) , and BB&T (BBT - Free Report) .

Interested in hearing about both sides of the Dodd-Frank argument? Check out Ryan and Dave’s chat!

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