The Exchange

CNBC

"The Exchange" on CNBC is a one-stop shop for the day's top business stories, along with breaking news and the must-see market movers heading into the back half of the trading day. This newsroom-based program also features lots of original reporting, in-depth conversations and showcases CNBC's award-winning investigative work. "The Exchange" has all that plus "Rapid Fire," our innovative, reporter driven roundtable – which is a discussion of some of the day's most interesting, unusual and at times controversial topics. This series gives today's modern investor the day's top stories, the must reads & a whole lot more. read less

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The Exchange 9/13/24

The Exchange 9/13/24

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.

Episodes

The Exchange 9/13/24

The Exchange 9/13/24

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.

Mester on the Fed, Markets & Rates, Disney Cuts Prices 9/12/24

Mester on the Fed, Markets & Rates, Disney Cuts Prices 9/12/24

If the Fed is expected to do a series of cuts, and the risks to the labor market are to the downside, then why not start with a half-point cut? Former Cleveland Fed President Loretta Mester joins Kelly in-studio to discuss. Plus, one of our guests says markets aren’t moving on rates right now, and joins us with how to position. And Disney is cutting prices as Warner Bros Discovery locks in a new distribution deal. We’ll look at the latest in the streaming wars.

Data Disappointment, Banks’ Mixed Messages, Stalled Trade 9/11/24

Data Disappointment, Banks’ Mixed Messages, Stalled Trade 9/11/24

The latest read on inflation is dashing hopes for a half-point rate cut next week, but one of our guests says the size of the first cut doesn’t matter and the time to deploy cash is now. Plus, subprime is the new prime, if you believe the latest commentary from some of the banks. And there’s one group of consumer stocks that may remain stuck in neutral, even in a soft-landing situation. We look at the trades you may want to avoid.

Oracle’s Big Plans, Candidates’ Big Night, and Powell’s Big Decision 9/10/24

Oracle’s Big Plans, Candidates’ Big Night, and Powell’s Big Decision 9/10/24

Oracle hitting a record high after an earnings beat and high-profile partnership announcements…how the tech stalwart might’ve just become a new AI darling. Harris and Trump set to square off on the debate stage tonight. We dig into the similarities and differences in the candidates’ policies. Plus, not just the markets split on whether the Fed will cut by 25 or 50 basis points next week, according to Evercore’s Krishna Guha. He tells us why Jay Powell’s rate decision could come down to the 11th hour.

Apple Unveils iPhone 16 and To Buy the Dip or Not to Buy the Dip? 9/9/24

Apple Unveils iPhone 16 and To Buy the Dip or Not to Buy the Dip? 9/9/24

We’ve got live updates from Apple’s “Glowtime” event in Cupertino. The tech giant unveiling its latest iPhone model, but will it be enough to convince customers to upgrade? And can Apple play catch-up in the AI race?Plus, Bank of America says not to buy the tech dip, but UBS sees it as an opportunity—the strategists make their cases.

The Exchange 9/6/24

The Exchange 9/6/24

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.

October Optimism, NFL’s Most Valuable Team 9/5/24

October Optimism, NFL’s Most Valuable Team 9/5/24

Stocks are lower after the economy showed more signs of a labor slowdown ahead of tomorrow’s jobs report, but our market guest is staying optimistic for a 4th-quarter rally. Plus, US Steel remains under pressure on reports that the Biden administration will block its deal with Nippon Steel. And CNBC is unveiling its Official 2024 NFL Team Valuations today. We’ll tell you which team tops the list and which franchises are falling behind.

Semiconductor Sell-off, Bond Market Bullishness, Off-Price On Fire 9/4/24

Semiconductor Sell-off, Bond Market Bullishness, Off-Price On Fire 9/4/24

Most of the chipmakers are under pressure again today, but one value investor says it’s time to buy and joins us with the names he’s bullish on. Plus, the yield curve is disinverting for the first time since the August sell-off, but a different part of the bond market is flashing a bullish signal for stocks. And Bernstein is naming an unloved off-price retailer as its top pick in the space. The analyst joins us to make her case.

September Swoon Ahead?, Intel in Trouble?, Housing Affordability Crisis 9/3/24

September Swoon Ahead?, Intel in Trouble?, Housing Affordability Crisis 9/3/24

A new batch of economic data is raising fresh concerns about the health of the economy. We’ll look at how to protect your portfolio from a potential September swoon. Plus, Intel is launching its latest AI PC chip, but it may be too little too late to turn things around, according to our market guest. And housing affordability is front and center in this election. We’ll check in with one company that still offers a 2% mortgage even as rates remain stubbornly high.

Warning Sign for the Fed?, Powering AI Demand, Gen-Z Love Story 8/30/24

Warning Sign for the Fed?, Powering AI Demand, Gen-Z Love Story 8/30/24

The soft-landing narrative is getting stronger with the Fed’s preferred inflation gauge coming in as expected. It could be smooth sailing for investors from here, but our market guest has one major concern. Plus, we’ll check in with one company that’s leveraging AI to keep the lights on, literally. And Abercrombie & Fitch is getting some love on Wall Street today, thanks in part to its inroads with Gen Z.

Catalysts & Concerns, The Next Best Buy, A REIT to Read Retail 8/29/24

Catalysts & Concerns, The Next Best Buy, A REIT to Read Retail 8/29/24

The Dow is hitting a record high on the back of Nvidia’s solid report, so what’s the next catalyst or concern for the market? We’ll debate. Plus, Citi’s analyst double-upgraded Best Buy from a sell rating to buy ahead of its blockbuster report. He’ll join us with where else he’s seeing opportunity in retail. And Tanger is uniquely positioned to monitor foot traffic with its 40 shopping centers across the country. The CEO joins us with the trends they’re seeing.

Nvidia Earnings Countdown, AI & Box CEO, Earnings Exchange: AFRM, CRWD, DG 8/28/24

Nvidia Earnings Countdown, AI & Box CEO, Earnings Exchange: AFRM, CRWD, DG 8/28/24

Nvidia is set to report after the bell today. We’ll look at why it’s so important to the market and what Wall Street will be watching for in the results. Plus, Box shares are having their best day in 3 years on an earnings beat and guidance hike. Founder & CEO Aaron Levie joins us exclusively to discuss the results and future of AI regulation. And it’s not just Nvidia. Affirm, Crowdstrike, and Dollar General are on deck to report, and we’ll look at how to position ahead of the print in Earnings Exchange.

How Fast & How Far?, $40M Turnaround, Earnings Exchange: BOX, S, JWN 8/27/24

How Fast & How Far?, $40M Turnaround, Earnings Exchange: BOX, S, JWN 8/27/24

How fast and how far will the Fed go with interest rate cuts? Fed Chair Powell didn’t say, but he did signal a September start. One economist says he wishes Powell hadn’t boxed himself in and joins us to explain. Plus, billionaire investor Greg Flynn is putting $40M into the San Francisco office-property market, saying now is the right time to get in. And we’ll look ahead to Box, SentinelOne, and Nordstrom’s reports in Earnings Exchange.

Buy the Tech Dip?, Consumer Seeking Value, Bullish Fresh Pick 8/26/24

Buy the Tech Dip?, Consumer Seeking Value, Bullish Fresh Pick 8/26/24

Fed Chair Powell delivered what the market wanted, but will Nvidia keep up its end of the bargain when it reports earnings this week? We’ll debate the high-flying AI tech stock. Plus, the consumer continues to seek value, and new data from Mizuho suggests an under-the-radar food name is poised to outperform. And one fitness stock is trading at a 15-month high as Baird names it its new bullish, fresh pick.

“Time Has Come”, AI 2.0 Trade, 3 Buys & a Bail: Turnaround Edition 8/23/24

“Time Has Come”, AI 2.0 Trade, 3 Buys & a Bail: Turnaround Edition 8/23/24

Fed Chair Powell is signaling that the Fed will cut rates next month, and while he stopped short of saying by how much, one of our guests is confident it’ll be by 50 basis points. Plus, Our strategist is bullish on what he calls AI 2.0 companies and brings us the names he says are in a sweet spot. And hopes of a turnaround helped Peloton rally toward its best day ever yesterday. Today, we’re looking at the turnaround trade in 3 Buys and a Bail.

Underappreciated Small-Cap Trade, Consumers & Value, Peloton Turnaround Plan 8/22/24

Underappreciated Small-Cap Trade, Consumers & Value, Peloton Turnaround Plan 8/22/24

Our market guest is shifting gears to small-cap tech to find opportunity and joins us with the names she is watching. Plus, retailers are trying to offer consumers more value deals, but one in particular is doing it better, according to Bank of America. And Peloton is surging after posting its first sales increase in nine quarters, but will it be enough to turn things around?

Dow 47,000 in Sight?, China & The Election, Historic Payrolls Revision 8/21/24

Dow 47,000 in Sight?, China & The Election, Historic Payrolls Revision 8/21/24

The Dow could top 47,000 in the next 12-18 months, according to our strategist. He’s bullish in the long-term, but has three dividend darlings to weather the near-term volatility in the market. Plus, VP Harris’ running mate Gov. Walz is speaking tonight at the DNC. We’ll get a live report ahead of those remarks and look at one key area that the Democrats’ economic agenda doesn’t address. And payroll growth is being revised lower by the Labor Dept. We’ll tell you what it means for the economy, and why it could matter to the Fed.

Hunting for Value, Stocks vs. Bonds, Housing Affordability 8/20/24

Hunting for Value, Stocks vs. Bonds, Housing Affordability 8/20/24

Our market guest says the bulk of stocks are trading at reasonable or attractive valuations and joins us with the names to buy. Plus, our technician says the moves in stocks and bonds are becoming increasingly correlated, signaling one group is due for a pullback. And the so-called “conscience of capitalism” John Hope Bryant joins us to make the case for the 40-year mortgage as a way of making home ownership more accessible.

Shifting Fed Narrative, DNC Kicks Off, Strong Foundation for Homebuilders? 8/19/24

Shifting Fed Narrative, DNC Kicks Off, Strong Foundation for Homebuilders? 8/19/24

Three central bankers spoke out over the weekend, with all seemingly in favor of a September rate cut. Our strategist still sees three cuts this year and joins us with his read on the economy. Plus, the Democratic National Convention kicks off in Chicago today, and we have a live report from Chicago with what’s at stake and what a Harris presidency means for your money. And UBS sees the foundations for a homebuilder rally forming, despite the recent negative data. Their analyst will join us with the name he sees rallying 16% from here.

Overlooked Market Risks, Harris’ Economic Plan, Classic Car Craze 8/16/24

Overlooked Market Risks, Harris’ Economic Plan, Classic Car Craze 8/16/24

Stocks are on pace for their best week of the year, but one portfolio manager says investors are ignoring two very significant market risks. Plus, Vice President Harris is laying out her economic policies ahead of next week’s DNC. And Robert Frank is in Monterey, California, with a look at the $30B classic car market and the $400M test it faces this week.