Power Lunch

Apple’s iPhone 15 goes on sale today at stores in the U.S. and Canada. And as usual, big crowds are forming—especially In New York, where Tim Cook showed up. We’ll get a live report.Plus, the next step in the migration to streaming: live sports. Warner Brothers Discovery’s “Max” just announced the pricing for its new tier. Will customers now have to pay to watch “March Madness”? 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.

After nearly 150 days on strike, Hollywood writers are close to a labor deal with studios. Plus, Rupert Murdoch is stepping down as Chairman of Fox & News Corp. We’ll discuss what it all means for the landscape.Plus, how can you pick up a 3% mortgage right now while rates are actually closer to 7.5%? We’ll talk to the head of a company with an interesting plan to let you buy both a house and its existing interest rate. 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 stayed put on Wednesday, but forecast it will raise interest rates one more time this year. The fed funds rate remained unchanged in a targeted range between 5.25%-5.5% Wednesday, taking it to the highest level since 2006. We’ll discuss what it all means for markets, the economy 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.

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 summer of labor’s discontent continues. Auto workers are striking at some plants after failing to reach a deal. But fast food workers in California are about to get a big raise. We’ll look at the potential fallout. Plus, rumors are swirling around Disney and which of its television networks it might sell. To whom? And for how much? We’ll try to make sense of it all for you. 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 hours away from a looming auto worker strike. If the UAW doesn’t reach a deal with the big 3 auto makers by midnight, we could see workers walk out. We’ll check in on the bargaining table.Plus, another Las Vegas casino has been hit by a cyberattack. Caesar’s says it paid a ransom to hackers, while MGM says it’s still trying to get back up and running. We’ll get the latest details from Sin City. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We’re following 2 big stories today: CPI & AI. August’s data showed inflation up 3.7% year-over-year. That was hotter than July, but can be blamed on gas prices. Are we really past the inflation threat? We’ll discuss.Plus, Elon Musk, Mark Zuckerberg and Bill gates are meeting with senators in Washington to discuss the future of AI regulation. We’ll ask what they’re saying, and why it’s occurring behind closed doors. 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.

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.

All across the country: downtowns, office spaces and shopping centers are at risk of becoming ground zero for a new economic hazard: the “urban doom loop.” That’s the growing likelihood that a commercial real estate apocalypse could spiral out across the entire economy. We’ll speak to the professor who coined the phrase. Plus, it’s not just commercial real estate that’s in a precarious position. Higher rates are creating around all of housing, and Ron Insana says the fed is to blame. He’ll join us to explain. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

China’s government has reportedly banned its agencies from using iPhones. What would further bands in the country mean for Apple? We’ll explore.Plus, Hilton is teaming up with Tesla to install EV charging stations at thousands of its hotels. We’ll bring you the key details on the partnership. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We have some key economic data coming out today, alongside commentary from the Fed via the Beige Book. We’ll discuss these barometers for the broader economy. Plus, the attack on tech giants continues. The EU is cracking down on the sector’s core business, while the FTC is targeting Amazon and DOJ is going after google. We’ll discuss the regulatory threat. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Markets no longer seem obsessed about the possibility of recession. Goldman Sachs cuts its recession probability to 15% and consumer staples stocks continue to sell off.Plus, Wegovy helps make Novo Nordisk the most valuable company in Europe, passing LVMH.And Taylor Swift and Beyonce sell out shows, but what about the circus, and motocross and monster trucks? 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 187,000 jobs in August. Not a lot, but not too many either. While the unemployment rate moved higher, but not too high. Markets seem to be betting that this won’t force the Fed into another interest rate hike. Is that the case, or overly ambitious? 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.

The tech rally rolls on, as today’s key earnings reports seemed to satisfy the markets. Will tomorrow jobs report be enough to keep it going as well? We’ll discuss.Plus, move over ‘Barbenheimer!’ Taylor Swift’s concert movie is set to debut the same day as “The Exorcist: Believer.” Will the ‘Exor-Swift’ be another jolt to the box office? 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.

Markets are experiencing a late-summer rally, especially for tech stocks. The Nasdaq is on pace for its 7th positive day in the past 8 sessions. We’ll explain what’s driving the move higher. Plus, the self-driving push has hit a speed bump. Cruise had to cut back its autonomous ride-share program, while regulators are inquiring about Tesla’s autopilot program. We’ll discuss the impact for autonomous driving overall. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

President Biden is set to speak about Medicare drug prices. While the FDIC plans to force banks to protect themselves in case of failure.And the SEC just lost a key court battle, potentially clearing the way for an official Bitcoin ETF. We’ll tell you 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.

Commerce Secretary Gina Raimondo is visiting China, just as the nation’s real estate market takes another hit. This is the third trip to China by a Biden cabinet member this summer. Is anything actually getting done? We’ll discuss. Plus, hedge fund Tiger Global is defending itself from what it’s calling “misinformation attacks” by a disgruntled former employee. We’ll dig into the allegations, but also look at what might be an even bigger issue: its recent performance. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Fed Chair Jerome Powell says inflation is still too high, and the Fed is ready to raise rates even more if needed. We’ll dig into the whole story. Plus, Oppenheimer is bullish on Nike, while Morgan Stanley is skeptical about Abercrombie & Fitch. We’ll get the read on retail from both firms. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Investors looking for insights into Fed Chair Jerome Powell’s process are being well “fed” this week, with the Jackson Hole summit now underway. We’ll tell you all you need to know.Plus, Nvidia’s earnings blew well past expectations, briefly sending the stock to record highs as it dominates the AI chip race. Can it keep up this momentum? 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.

It’s the day Wall Street has been waiting for: Nvidia earnings are here. The stock has already tripled so far this year. Can anything the company says help push the shares even higher? We’ll discuss. Plus, mortgage demand has dropped to a 28-year low, as rates jump above 7% -- their highest level in 2 decades. But are the high rates crippling homes sales, or is it just a lack of inventory? 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.

Retail earnings reports are still rolling in. While tech earnings are telling us about the impact of AI. Are corporate profits, and the economy, strong enough to send stocks higher? We’ll discuss.Plus, we’ll ask the CEO of Masonite if the company is seeing a slowdown, as fewer people move out of their homes amid soaring mortgage rates. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The biggest econ event of the summer is upon us: the Fed’s summit in Jackson Hole, WY. We’ll tell you what to expect, as yields continue to soar – including the 10-year yield at its highest level in 16 years.Plus, we’ll speak to the CEO of Brinker International. What are Chili’s & Maggiano’s seeing on the inflation front? And how is consumer spending holding up in this environment? We’ll ask. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Soaring bond yields, and falling stocks. That’s the setup for the markets right now. How worried should investors be about rising rates and the impact on tech stocks in particular? We’ll explore.Plus, Instacart is reportedly planning to go public, possibly as soon as next month. While ARM Holdings is also in the pipeline. Is the IPO market finally starting to defrost? 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.

Walmart says consumers are hunting for bargains as inflation squeezes their wallets. But how about the high-end consumer? We’ll talk to the heads of Equinox & Christie’s about that.Plus, a California insurer is making a big move in the pharmacy space. We’ll explore what it means for both stocks and drug prices. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Target is slashing its full-year forecast, as the retail giant fails to hold onto an increasingly “thrifty” consumer. We’ll discuss the fallout for both the company and retail sector. Plus, Hertz and GM are standing firm on the future of EV car rentals. The CEOs of both companies will join us to discuss that and the auto industry at-large. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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.