Power Lunch

Fitch is putting banks on notice – even the likes of JPMorgan. But Moody’s already downgraded multiple names in the space. In Fitch too late to the game? We’ll explore.Plus, the newest retail sales data shows the consumer is holding strong. But for how much longer will that be the case? We’ll discuss. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

China contagion is a concern today, as the country’s real estate sector sells off following a big warning from Country Garden. How bad could the ripple effect turn out to be globally? We’ll explore.Plus, someone once said “there’s no such thing as bad publicity.” But that person was not Goldman Sachs CEO David Solomon. After a series of unflattering articles, many are asking: how much longer can he keep his job? We’ll discuss. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The deal making environment is heating up, and now stock exchanges are reportedly battling it out over new listings. We’ll debate whether it’s market euphoria or simple enthusiasm. Plus, corporate diversity initiatives are under legal scrutiny. Two experts in the field weigh in on Corporate America’s options. And driverless taxis are getting the green light to expand in San Francisco, but not everyone’s ready to take their foot off the brake. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Self-driving vehicle firms Waymo & Cruise are looking to expand their operations in San Francisco. California’s utility commission is voting on the measure. If it passes, it could open doors for autonomous vehicle across the state. We’ll track the story.Plus – our back-to-school series continues. Today we’re looking at retail. Will we see a slowdown in consumer spending this year, especially as high inflation persists and student loan balances remain a concern for some shoppers? We’ll discuss. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We got some huge headlines in the media sector today. ESPN is diving head first into sports betting, inking a deal with Penn Entertainment. And that comes ahead of much-anticipated earnings from Disney. We’ll discuss.Plus, it’s back-to-school season again. And this fall, students, parents and teachers are facing a wave of issues, from inflation to AI. We’ll take a deep dive into each of them this week. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are shrugging off yesterday’s rally, after a big downgrade of multiple U.S. banks at Moody’s. We’re also seeing lots of earnings-related moves. We’ll break it all down for you.Plus, inflation is a concern for all sectors right now, and that includes concerts and live events. Ticket prices, travel and accommodations are all expensive. We’ll speak to the CEO of Vivid Seats about it. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Consumer credit card debt has hit a new record high. But with rates on the rise and inflated prices remaining high, could this be a catalyst for problems in the economy? We’ll discuss.Plus, Zoom – the company that basically facilitated the work from home” trend – has officially called workers back to the office. Is this the end of an era for remote work? We’ll explore. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Even though today’s jobs number came in just short of estimates, the markets are saying it’s enough to keep the economy out of recession – and the Fed on the sidelines. We’ll discuss. Plus, the other bit of news boosting stocks today: strong earnings from tech titan Amazon – especially for its cloud business. We’ll recap the results. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The market is continuing to react negatively to Fitch’s downgrade of our credit rating. Jamie Dimon told us it doesn’t matter, but stocks seem to be saying it does. We’ll explore.Plus, Apple & Amazon are set to report earnings today. We’ll discuss the key things to watch from each of these potentially market-moving reports. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

On today’s show we have an exclusive discussion with JPMorgan CEO Jamie Dimon. He’s in Montana on a tour of bank branches there. We’ll talk to him about the economy, the Fed, the state of banks, and of course, the downgrade of the United States’ debt by Fitch. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The busiest week of earnings season is in full swing, and it’s Wall Street’s chance to see how companies are faring. The results are pouring in, and we’ll dig into which names have reported and those yet to come.Plus, the U.S. is seeing a new Covid surge, with cases up by more than 10% compared to last week. Hospitalizations are on the rise as well. With an updated vaccine on the way, will enough people actually take it? We’ll explore. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The only thing hotter than the weather in July has been the stock market. The Dow has only had 4 down days this month. Can the red hot summer rally continue into August and beyond? We’ll explore. Plus, trucking company Yellow has shut down operations and filed for bankruptcy. With a key player out of the game, are shipping costs going to rise? We’ll look at the inflationary pressure this could cause. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

There’s a massive biotech buyout underway, with Biogen paying over $6 billion to bulk up its rare disease portfolio. We’ll explore the “arms race” brewing in big pharma.Plus, we have more ‘power players’ joining the show. Valley Bank’s CEO gives us a read on rising rates and new bank rules, while the Union Square Hospitality Group CEO gives us insight into the consumer. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Companies are facing more and more regulatory scrutiny lately. And it’s not just one industry – and nor is the pressure coming from just one source. We’ll explore.Plus, we’ll speak to 2 power players who can shine a light on the consumer: the CEOs of Crocs and Travel + Leisure Co. both join us live. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Federal Reserve approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their highest level in more than 22 years.In a move that markets had completely priced in, the FOMC raised its funds rate by a quarter percentage point to a target range of 5.25%-5.5%. The midpoint of that target range would be the highest level for the benchmark rate since early 2001. We’ll discuss what it means for markets, the economy & your money. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Two distinct leadership styles are emerging across boardrooms: companies run by seasoned ‘operators,’ and those run by more risky ‘revolutionaries.’ But which is better for shareholders? We’ll explore.Plus, TikTok is launching an in-app shop as it pushes into e-commerce. But could it face similar issues to other platforms that sell “Made In China” products? We’ll ask a retail insider. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

It’s a big week on deck for the markets. 12 Dow components and 152 S&P 500 companies are set to report earnings. While the latest Fed decision on interest rates is expected on Wednesday. We’ll help you digest it all. Plus, FTC Chair Lina Khan is making ripples this year. She’s got some big antitrust suits under her belt, and is also working to get stricter guidelines in place for mega-mergers, too. We’ll speak to former DOJ insider about it. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

CNBC’s Tyler Mathisen and Kelly Evans take you through the heart of the business day bringing you the latest developments and instant analysis on the stocks and stories driving the day’s agenda. “Power Lunch” delves into the economy, markets, politics, real estate, media, technology and more. The show sits at the intersection of power and money. “Power Lunch” gives viewers a full plate of CNBC’s award-winning business news coverage, plus a healthy dose of personality from the show’s anchors and the network’s top-notch roster of reporters and digital journalists. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

It’s a big day for earnings results, with lots of big names reporting and moving the markets. Tesla, Netflix and Johnson & Johnson are just a few of the names we’ll dig into.Plus, 2023 is turning out to be the summer of strikes. Hollywood actors & writers, Canadian dock workers and the Teamsters are all on strike, or threatening to. We’ll explore how big a disruption this could pose to an already fragile economy. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Money and politics are colliding in 2 key stories today. First, a potential move to ban stock ownership by lawmakers and their staffs is forthcoming. Second, the FTC is proposing new guidelines for mega-mergers. We’ll bring you all of the details on both.Plus, shares of AT&T are bouncing back today as the company responds to reports about lead-sheathed phone lines. We’ll get a medical doctor’s explanation of just how serious the health risks of this issue are. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Congress is now holding hearings on how to regulate AI. We’ll tell you all about the 26 year old billionaire they’re listening to today.And, Microsoft shares are jumping as the company makes more AI-related announcements – including how much its going to charge for AI in office.Plus, as the economy seems to be slowing, we’ll look at the state of the online advertising business. We’ll also reveal the under-the-radar name one analyst thinks can be a winner. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are higher once again today, with the Dow heading for its 6th straight day of gains. The perfect scenario seems to be playing out, with inflation subsiding. But is it enough to keep the Fed on the sidelines? We’ll explore.Plus, we’ll discuss some bad signs for Hollywood. The strike rages on, while a crucial stretch for the box office just started off with disappointing numbers for ‘Mission Impossible.’ Can Tinseltown count on ‘Barbie’ to save the day? We’ll discuss. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are higher once again, as big banks kick off earnings season with good results. Can earnings, inflation and the Fed all continue to give the markets what they need to keep moving higher? We’ll discuss. Plus, Hollywood actors are joining writers on the picket line. The strike already threatening the fall season. And it all comes at a very vulnerable time for traditional TV and film. We’ll discuss. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Disney just gave CEO Bob Iger more time on the job, extending his contract through 2026. And one of his key moves could be taking ESPN direct-to-consumers. We’ll explore what it all means for the stock and the company.Plus, we’re just 2 months from the kickoff of football season. NFL Commissioner Roger Goodell will join us to discuss the future of streaming, sports betting, TV rights and much more. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are rallying today, after today’s CPI report backed up hopes that inflation is slowing. Will the latest Fed beige book provide more support for the idea of a “Goldilocks economy?” We’ll explore. Plus, Chinese hackers breached the email accounts of government officials. Microsoft and the government have been scrambling to assess the damage. We’ll bring you all the details. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

A judge just shot down the FTC’s attempt to block the Microsoft-Activision merger. But the UK’s regulator is still holding things up. We’ll explore what it means for both Microsoft and the fate of future deals.Plus, 3M has been one of the biggest drags on the Dow so far this year, as it faces litigation and potentially huge costs. But is the bad news already priced into shares? We’ll ask an analyst who just upgraded the stock. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Nasdaq is on pace for its 4th straight down day. Can tech stocks continue their first half rally as the Fed keeps tightening, and slowing the economy as a result? We’ll discuss. Plus, Janet Yellen just wrapped up her trip to China, which she called productive. Is the prospect of more talks enough reason to be optimistic about the U.S.-China relationship? We’ll explore. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The economy added 209,000 jobs created in June, slightly less than expected. Is that number just right to calm the markets’ fear about inflation and rate hikes? We’ll explore. Plus, Treasury Secretary Janet Yellen is expressing complaints about China’s treatment of U.S. companies. We’ll discuss that, plus what China’s new export rules could mean for chip makers. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are lower across the board today, with the Dow down more than 500 points at the session low. This morning’s jobs numbers came in too hot, leading investors to believe the Fed is going to get back to hiking rates.We’ll break down the data, and what it all means for you and your money. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

CNBC’s Tyler Mathisen and Kelly Evans take you through the heart of the business day bringing you the latest developments and instant analysis on the stocks and stories driving the day’s agenda. “Power Lunch” delves into the economy, markets, politics, real estate, media, technology and more. The show sits at the intersection of power and money. “Power Lunch” gives viewers a full plate of CNBC’s award-winning business news coverage, plus a healthy dose of personality from the show’s anchors and the network’s top-notch roster of reporters and digital journalists. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Supreme Court just struck down President Biden’s plan to cancel $430 billion dollars of student loan debt. We’ll look at what this means for the economy.Plus, Apple’s market cap now tops $3 trillion, as the shares soar to a new all-time high. But the question investors have – can it go even higher from here? We’ll explore. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The debate over Tesla’s full self-driving claims is heating up again. Elon Musk thinks it’s the future of the company, and the reason the stock is valued the way it is. We’ll talk to the 2 men whose car ride is at the center of the debate.Plus, the Supreme Court just voted to outlaw Affirmative Action. Colleges can no longer use race as a factor in determining admissions. We’ll look at the fallout for both higher education and corporate America. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

President Biden gave a major speech on the economy today, laying out “Bidenomics” as he tries to convince Americans to let him handle the economy for 4 more years. We’ll break down what it means for your money and the markets. Plus, Tesla shares have more than doubled this year, and analysts are starting to say it’s gone too far, too fast. We’ll talk to Toni Sacconaghi, whose price target is more than $100 per share below Tesla’s current price. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Another day, another downgrade for Alphabet shares. Is the AI hype meeting the market reality? We’ll discuss that and other tech topics.Plus, Treasury Secretary Janet Yellen is reportedly heading to China for a high-level meeting next month. We’ll talk to a former Treasury official about what she’ll try to accomplish. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Alphabet shares are falling today after a downgrade at UBS. The stock – and many others – have made big gains this year on hopes for the future of AI.We’ll talk to the analyst behind the call, who says the transition to AI search will definitely have some growing pains.Plus, we’ve got new developments in the battle over weight loss drugs, including promise for Eli Lilly and a setback for Pfizer. We’ll tell you all you need to know. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

CNBC’S Seema Mody reports on Biden’s meeting with big tech CEOs. Danielle Shay, Simpler Trading VP of options, discusses big tech, opportunities in India, and more. CNBC’s Phil LeBeau reports on Ford’s plan to cut more jobs and his discussion with Fisker CEO Henrik Fisker. Plus, Boston University’s Arun Upneja and WSJ’s Allison Pohlediscuss the rise of high-risk tourism and more. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Indias Prime Minister Narendra Mody continues his U.S. visit, meeting with President Biden as well as big name tech CEOs. Amazon unveils its plan to catch up with Google and Microsoft in the AI race. Plus which companies are poised to getting a bigger chunk of the huge revenue around sports. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

China’s central bank cuts rates to boost the struggling economy, following visits to the country by Bill Gates and Secretary Antony Blinken.Plus, how retailers are dealing with shrink and frequent returns from online orders.And a hotel CEO gives his view of the economy, based on customers’ seafood choices. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Business and politics are set collide in China. Bill Gates is meeting with Xi Jinping, ahead of Secretary of State Blinken’s visit to Beijing.While many U.S. business still need China, the U.S. government seems to be increasingly worried. We’ll explore.Plus, the S&P 500 and Nasdaq hit new highs today dating back to April 2022. Now that more than just 7 stocks are participating, can the rally continue? We’ll discuss. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Microsoft Co-Founder Bill Gates is going to China, reportedly to meet with President Xi. That comes as China’s latest economic numbers show a slowing, not a strong post-Covid recovery. We’ll explore.Plus, today’s red-hot IPO is Mediterranean restaurant chain Cava, soaring in its public debut. We’ll look at the investor appetite for restaurant stocks overall right now. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

“Power Lunch” is back in Washington, as we count down to the Federal Reserve’s latest interest rate decision.We’ll bring you the decision live, and ask our all-star panel to react to all the angles right up to Fed Chair Jerome Powell’s press conference. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We’re just 24 hours from the latest Fed decision on interest rates, and many market watchers think there’s cause for a pause.Today’s CPI data also showed the slowest growth in 2 years. We’ll discuss what it all means for the Fed and markets.Plus, Reddit users are shutting down parts of the site to protest new fees, as the company gears up for a potential IPO. We’ll discuss. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks continue to creep higher little by little, especially in tech. But there’s something about this tech-driven rally that’s different than previous times. Could it be what finally slows the upswing? We’ll explore. Plus, New York Yankees legend Derek Jeter is getting into the clothing game. We’ll talk to him about his new sportswear line, Major League Baseball rule changes and much, much more. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Small cap stocks are now coming along with what had been a big cap rally. Does this broader participation mean the party on Wall Street can last? We’ll explore.And, just in time for grilling season: soaring beef prices. We’ll explain why it’s happening, and what it means for both inflation and the restaurant stocks.Plus, we have a power player joining for the entire hour – Tim Seymour is in studio to weigh in on these stories and much more. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Smoke from Canada wildfires is still blanketing New York City and the Northeast. We’ll look at the impact it’s starting to have on businesses that rely on customers being outside.Plus, Google says it will start cracking down on office attendance. We’ll cover that and more developments in the battle over returning to offices. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The S&P 500 is near 10-month highs, but next week’s Fed meeting is looming over the markets. Will the FOMC pause, or press on?We’ll get the take of a former Fed official, and break down what it all means for the markets and economy.Plus, reaction to the PGA Tour-LIV Golf merger was swift, and sometimes angry. But if fans and sponsors eventually look past the Saudi money, could it soon come for other U.S. sports teams? We’ll explore. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

AI is everywhere right now. Apple is breathing new life into VR and the metaverse. And there’s a renewed crackdown on crypto. Which is a fad, and which is the future? We’ll debate.Plus, we’ll get a view on the consumer and the economy from the CEO of Boot Barn. Will people keep buying boots and hats if the economy enters a recession? We’ll explore. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Apple’s big WWDC event is underway. We’ll get live reports from Cupertino throughout the show as any news develops.Plus, America is having a heated debate about a controversial topic: tipping. Are we paying for service, or subsidizing workers’ salaries? We’ll debate. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are jumping today, as you add a new debt ceiling deal to a much better than expected jobs report.The economy added 339,000 jobs in May, the 29th straight month of positive job growth. While the unemployment rate rose to 3.7%.Wages rose too, though not as fast as expected. We’ll dig into what the strong labor market means for the Fed & stocks. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.