Power Lunch

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.

Investors received some important economic headlines today. ADP data came in above expectations, while manufacturing activity contracted. There’s also a big jobs report is on deck tomorrow. While Fed officials like Patrick Harker are indicating a rate “skip” could be in the cards.Because of all that, we wanted to perform some “Econ Recon” across key industries to get a better sense of the economy.We’ll explore retail, real estate, supply chains with the CEO of Prologis, and restaurants with famed chef & restaurateur Wolfgang Puck. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Fed is releasing its beige book today. We’ll wrap up the most important insights for you.Plus, what if companies are the ones keeping prices high for their own benefit? We’ll explore the concept of “Greedflation.”And, more companies are being sucked into social debates at the center of American discourse. Are the days when corporations could appeal to all gone? 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.

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

Artificial Intelligence is what everyone is talking about right now – from boardrooms to living rooms across the country and world.What everyone wants to know: is Microsoft or Google winning the AI race? Is ChatGPT going to replace my job? And does AI pose a real threat to humanity?We’ll discuss all of those topics and much, much more – including the industries already being disrupted, potentially changing life as we know it. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Nvidia is soaring after its AI-driven results, dragging any potential AI beneficiary up along with it. We’ll dig into the numbers, and also ask if AI is being overhyped.Plus, mortgage rates are now above 7%. And now hardly anyone is willing to move and give up their low interest rate. We’ll talk about what that’s doing to the housing market. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Federal Reserve officials were divided at their last meeting over where to go with interest rates, with some members seeing the need for more increases while others expected a slowdown in growth to remove the need to tighten further, according to the latest minutes. We’ll explore where the FOMC goes from here, and what it means for markets & the economy.Plus, champagne sales were booming coming out of the pandemic. But will the slowing economy and environment factors burst the champagne market’s bubble? We’ll ask the CEO of Moët & Chandon. 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 creating a worrying picture of the consumer. But former Fed Chair Ben Bernanke says a soft landing is still possible. We’ll explore.Plus, CNBC is gathering business leaders at its CEO Council Summit. We’ll talk to the CEO of Crocs about all of the issues Wall Street is talking about right now. 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.

President Biden has a busy weekend on deck. Today he’s in Japan meeting with G-7 leaders on Russia, China & more. While halfway across the world, negotiations on the debt ceiling are reportedly stalled ahead of a fast-approaching deadline. We’ll discuss. Plus, retail has a shrink problem. Theft is hitting the bottom line big time, and it’s not kids shoplifting – it’s organized crime. We’ll explore the issue. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Everyone’s talking about AI right now: its impact on society, markets and the world. And 7 stocks are driving all of the market’s gains, with most of them knee-deep in the AI boom. We’ll discuss.Plus, retail results are coming in. We’ve heard from Walmart and Target so far. But which stock is the better buy here? We’ll ask our analysts to duke it out in an old-fashioned “bull fight.” Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this hour, we’ll break down the key parts of Elon Musk’s exclusive interview on CNBC. The Tesla CEO saying there could be a reckoning for U.S. companies doing business in China, and calling work from home a four-letter word we can’t say on TV!And also saying he’ll keep saying whatever he wants on Twitter, even if it costs him money. We’ll break it all down for you. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Senate hearings are underway on Capitol Hill to discuss exactly what went wrong with Silicon Valley Bank, and what could go wrong with AI too.And the FTC is flexing its muscle yet again, suing to block the major pharma merger between Amgen and Horizon Therapeutics. We’ve got it all covered for you.Plus, we’ve got a big interview coming up on CNBC: David Faber is sitting down with Elon Musk after Tesla’s annual shareholder meeting. We’ll get you ready for that as well. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Peter Merrigan, Taurus Investment Holdings CEO, discusses commercial real estate demand and outlook. Ari Wald, Oppenheimer managing director, joins to discuss three stocks: Alphabet, Dupont De Nemours and Charles Schwab. Bryan Fairbanks, Trex CEO, discusses construction demand, inventory and recession fears. NYU’s Suzy Welch and Conference Board CEO Steve Odland, discusses the corporate agenda and M&A activity returning to the market. Plus, CNBC’s Robert Frank reports on how trouble on Wall Street and the economy is causing a supply glut in the Hampton’s summer rental market. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

You’ve seen the warnings from Hollywood movies before: artificial intelligence will destroy society as we know it. But now, even Wall Street is joining in.One firm is out with a terrifying note, warning there’s a ’50-50 chance’ that AI will wipe out all of humanity. The analyst behind the call will join us to explain his frightening thesis.Plus, Elon Musk is stepping down as CEO of Twitter. While Tesla is raising prices of some of its EVs here in the U.S., but recalling some vehicles in China. We’ll break it all down for you. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

PacWest is down more than 20% today, after reporting a 9.5% drop in deposits in the last week. We’ll explore the latest leg lower for banks, which is weighing on markets today.Plus, we’ll talk to Houston Rockets owner Tilman Fertitta about what he’s seeing on the economy, and the consumer. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Google is holding its big AI event today, with lots of news breaking throughout the day. We’ll bring you there, and ask whether the company can catch up after a slow start in the chatbot race.Plus, the Covid-19 emergency is set to end tomorrow, as far as the government is concerned. We’ll talk about what that means, along with many other health topics, with Dr. Scott Gottlieb. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

As the U.S. gets closer to the debt ceiling deadline and a potential default, President Biden is set to meet with Congressional leaders to discuss options. We’ll look at the potential economic damage and market impact.Plus, PayPal is plunging after earnings, issuing weak guidance. Rival Affirm also reports today. We’ll dig into the potential problems at hand for the payments space. 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 expected to propose new rules to make airlines pay customers for delays and cancellations, if the airline is to blame. But how will this affect the carriers? And it sounds great for passengers, but will the costs just be passed onto them anyway? We’ll explore. Plus, Peloton shares have been a disaster for years now. But one analyst just gave it an upgrade. Is the stock really investable now? 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.

Whether it’s the Federal Reserve’s mission to hike rates until inflation is curbed, or the growing likelihood of a total federal shutdown – it might be time to accept the reality that Washington’s shadow is cast over Wall Street…and maybe for good. Former New Orleans Mayor Marc Morial joins us to weigh in.Plus, as rates continue to climb, are millennials losing hope in the housing market? A new report from BofA shows they expect to pay even more for homes down the line, with no end in sight. We’ll speak to the analyst behind the report. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We’re watching everything going on in the regional bank crisis. PacWest and Western Alliance are getting crushed.PacWest says it’s weighing a possible sale, while Western Alliance claims it’s not. We’ll cover all of the angle for you.Plus, Apple is set to report earnings after the bell. We’ll get you set for one of the biggest reports on Wall Street. 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 on the road in Washington, as we count down to the Federal Reserve’s latest interest rate decision. Our all-star panel breaks down everything at stake, while Sen. Elizabeth Warren joins Kelly and Tyler to discuss the economy, the banking crisis & more. We’ll cover all the angles for you 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.

Regional bank stocks are getting crushed again, dragging down the broader averages with them. The rescue of First Republic not stopping the slide. We’ll tell you all you need to know.Plus, Ashton Kutcher’s venture capital fund just raised $240 million to invest in AI. He’ll join us to talk about that, the Hollywood Writers’ strike and more. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

JPMorgan is buying First Republic, as CEO Jamie Dimon declares this part of the banking crisis over. But a big bank is now getting even bigger. Is that a good thing? We’ll debate.Plus, new mortgage fees are going into effect today. Some buyers will pay more, and it’s quickly becoming a controversial issue. We’ll separate emotion from the facts. And, Norwegian Cruise Line is higher on strong results, and reporting strong demand and pricing for this year and next. Is the stock finally a buy? We’ll ask our trader. 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 again following yesterday’s monster gains, as the busiest week of earnings season wraps up. We’re digging into all of the big reports, from oil, to tech, to social media and more. Plus, don’t forget about next week’s Fed meeting! We’ll get you set for a big week to come, and tell you all you need to know to be ready. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The 2023 CNBC stock draft is officially here! 10 teams of athletes, celebrities and investors competing for stock-picking supremacy. Actor Ryan Reynolds and his partner Mark Douglas, the MNTN Goats will try to defend their title. WWE Superstar Charlotte Flair, TV host Tom Bergeron and NFL stars Ndamukong Suh, DK Metcalf and CJ Mosley are among the competitors this year. Each team picks two investments from a predetermined list. We’ll track each stock's performance from the day of the draft until the Friday before the Super Bowl in February, and the team with the highest average appreciation wins. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

UK regulators are suing to block Microsoft’s takeover of Activision, which would likely kill the deal. We’ll discuss the impact for both companies, and the increase of governments standing in the way of mergers. Plus, just when you thought it was safe, the bank crisis is getting ugly again. First Republic is the latest victim, slumping below $5 per share as it attempts to get help from other banks. Can it be saved? 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.

Earnings season is in full swing, with big reports out before the bell, and even bigger reports coming out after the bell. We’ll dig into the companies that already reported, and get you set for what’s still to come.Plus, President Biden has officially announced his 2024 re-election campaign. We’ll dig into the economic angles of a 2nd Biden term, from taxes to the latest on the debt ceiling. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We’ve got a big week on deck for markets. A third of the S&P 500, and half of the Dow 30 are set to report earnings -- including Microsoft, Meta & Amazon. Will this earnings parade finally shake up an uninspired market? We’ll debate. Plus, Bud Light partnered with a transgender influencer, and it seems to have backfired for the brand in a major way. We’ll examine the always-sticky situation when companies wade into controversial social issues. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

AI is the hottest segment of technology right now. We’ll explore how different AI tools get so smart in the first place, plus AI’s impact on culture, music and even the economy.Plus, we’re less than a week away from the 2023 CNBC Stock Draft. Can the MNTN Goats, led by Ryan Reynolds, repeat as champions? We’ll draw this year’s draft order live. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks and bond yields alike are sliding today amid more signs of weakness in the economy. We’ll tell you one stock’s warning you may not have heard about, and could be a telling sign for where we go from here.Plus, SpaceX launched its Starship rocket for the first time today, but it blew up mid-flight – and on live television. Is just getting it off the ground a success, or is this a setback for the space race? 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.

Disney’s battle with the state of Florida took a new turn today, as the stock sinks amid reports of thousands of job cuts. Can the company really win this fight? We’ll explore. Plus, we’re wrapping up our real estate road trip in San Francisco. We’ll examine how mortgage rates are affecting one of the priciest markets in the country. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Netflix reports results tonight, following its live streaming debacle over the weekend. But a new problem has emerged for content creators: a Hollywood writers strike. How serious is the threat, and how can streamers work around it? We’ll explore. Plus, Southwest planes are back in the air after yet another computer meltdown. How did this happen again? And can it be prevented from happening again in the future? We’ll discuss with an insider. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Google CEO Sundar Pichai warns society is not yet ready for AI. Netflix tries to stream a live reunion show for “Love is Blind” and fails. And a Washington-area realtor updates us on the state of the housing market. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Earnings season just kicked off with a bang. UnitedHealth is dragging on the Dow after results, while JPMorgan is jumping higher. We’ll dig into all of the numbers on the big banks that reported, and get the big picture from a regional bank CEO as well. Plus, NJ Governor Phil Murphy joins on the state of the Garden State’s economy, taxes, the exodus of wealth from the state and more. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

New White House regulations are under fire, as auto companies are unhappy with new emissions rules. And a new business lobbying group is forming to push back on what it calls “future-killing” tax policies. We’ll break it all down. Plus, we’re seeing big changes to the employment picture. The “Great Resignation” is all but over, and working from home could soon be a relic, too. We’ll explain why. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Fallout from the U.S. banking crisis is likely to tilt the economy into a mild recession later this year, according to the Fed minutes released today. That comes after CPI data cooled in March.Are markets and the Fed now on a collision course? And what could that mean for you and your money? We’ll explore all of the angles for you. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.