The Exchange 7/1/25
Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
Jul 01, 2025•44 min
The Exchange
"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.
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Episodes
New Market Highs & Robinhood’s Crypto Push 6/30/25
Both the Nasdaq and the S&P 500 hitting new record highs on the final trading day of the first half. We discuss the rally with one strategist who called it months ago. Plus, Robinhood hitting a new all-time high after announcing a slew of new crypto products. CEO Vlad Tenev tell us all about the company’s push into the space, and what’s ahead.
Jun 30, 2025•44 min
Record Highs & Trump’s Mega Bill 6/27/25
The AI trade helping to push both the S&P 500 and the Nasdaq to record highs. Our trader sees more room for tech to run and reveals the ‘dead money’ stock he’s buying now. Plus, President Trump walking back that July 4th deadline for the passage of his “One Big, Beautiful Bill” after it hits more snags in the Senate.
Jun 27, 2025•44 min
The Future of the Fed, Tax Bill Headwinds, and Regional Bank Ripples 6/26/25
Mohamed El-Erian says it’s getting harder to believe the Fed is apolitical. President Trump’s mega bill hits a snag in the Senate. Plus, what Zohran Mamdani’s NYC primary win means for regional banks.
Jun 26, 2025•44 min
Beware the Rally, Nvidia Hits a Record High, and the Mamdani Movers 6/25/25
Have stocks run too far too fast since the April tariff sell-off? How much further could Nvidia run after hitting a fresh intraday high? And what does Zohran Mamdani’s Democratic primary upset mean for NYC real estate?
Jun 25, 2025•44 min
The Case Against Cuts, Middle East Policy Repercussions, and the Weight-Loss Break-Up 6/24/25
Fed Chair Jay Powell standing pat on interest rates during his House testimony today. What the Israel-Iran conflict means for Trump’s mega bill. Plus, Hims’ compounding conflicts.
Jun 24, 2025•44 min
The Exchange 6/23/25
Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
Jun 23, 2025•55 min
Hot on Housing, (Mr.) Beast Mode, and Rick Perry Talks Iran 6/20/25
The housing names one value investor says present big opportunities. Netflix is in (Mr.) Beast mode, according to Wells Fargo. Plus, Former Energy Secretary Rick Perry weighs in on the Israel-Iran conflict.
Jun 20, 2025•44 min
Countdown to Fed Decision, Sen. Warren on Fed, Iran & More, and AI’s Talent Battle 6/18/25
Ahead of the Federal Reserve’s decision on interest rates, we look at what’s at stake and what to expect from today’s projections. Plus, Senator Warren joins us live from Capitol Hill to address President Trump’s criticism of Fed Chair Powell and the conflict in the Middle East. And OpenAI’s Sam Altman is accusing Meta of poaching its staff with 9-figure signing bonuses.
Jun 18, 2025•40 min
DC Drama, The Fed Decision, the Deflationary Effects of Tariffs 6/17/25
The Senate’s version of the budget bill sparking swift criticism from some GOP House members putting President Trump’s July 4th deadline in jeopardy. Why the Fed will stay behind the curve when it comes to rates. Plus, are tariffs actually deflationary?
Jun 17, 2025•44 min
Israel-Iran Latest, Oil Pares Gains, G7 Summit Kicks Off 6/16/25
Stocks are bouncing back from Friday’s drop amid reports of de-escalation. Oil prices paring their gains as well, but the threat of a price spike could have major implications for this week’s Fed meeting. And President Trump is in Canada for the G7 Summit. We’ll speak with PIMCO’s Head of Public Policy, Libby Cantrill, about what to expect and what it means for the GOP spending bill on Capitol Hill.
Jun 16, 2025•44 min
The Exchange 6/13/25
Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
Jun 13, 2025•44 min
The Exchange 6/12/25
Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
Jun 12, 2025•44 min
Trade Talks, Semis Surge and Tesla’s Turnaround 6/11/25
The US and China reaching an agreement on trade after two days of talks, but will they stick? Semis have their best 44-day period in more than 20 years. Plus, Tesla shares climb after a robotaxi announcement—and an apology.
Jun 11, 2025•44 min
The Exchange 6/10/25
Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
Jun 10, 2025•44 min
The Exchange 6/9/25
Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
Jun 09, 2025•44 min
Philly Fed President Exclusive, Trump-Musk Feud Latest, Apple WWDC Countdown 6/6/25
President Trump is calling on Fed Chair Powell to slash rates by a full point. We have Philadelphia Fed President Harker’s reaction and exit interview before he retires. The feud between Elon Musk and President Trump is making investors wonder what’s next for Tesla shares, on pace for their worst week in nearly two years. And Apple’s worldwide developers conference is set to kick off on Monday. We look ahead to what to expect in CEO Tim Cook’s keynote address.
Jun 06, 2025•44 min
The Exchange 6/5/25
Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
Jun 05, 2025•46 min
The Exchange 6/4/25
Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
Jun 04, 2025•44 min
Alphabet’s Hidden Gem, Stifel CEO on State of the Economy, Musk vs. Trump White House 6/3/25
Truist sees one exciting area of Alphabet’s business that’s getting zero attention or credit. He’ll tell us what it is, and why he sees the stock climbing 20% from here. Plus, Stifel’s CEO is cautious heading into the second half of the year but expects a lighter regulatory touch to boost the market. And Elon Musk is not pulling punches in his latest post about President Trump’s spending bill. We have the headlines from the White House.
Jun 03, 2025•44 min
China Trade Tensions, Unhealthy Returns?, Alaska Pipe(line) Dream 6/2/25
Renewed trade tensions are pressuring stocks, with China accusing the U.S. of violating their agreements in Geneva. We have the latest from the White House and the potential impact on President Trump’s tax and spending bill. Plus, health care sat out the May rally, posting its worst month since December. We look at where investors can find opportunities in the space. And Brian Sullivan is in Alaska for a closer look at the Trump Administration’s LNG pipeline there.
Jun 02, 2025•44 min
US-China Trade Latest, Dimon’s Dire Warning, Musk’s Last Day 5/30/25
The White House and Beijing are trading salvos in the trade war over broken agreements and threats over semiconductor exports. Plus, JPMorgan Chase CEO Jamie Dimon has a dire warning for the bond market that all investors need to hear. And with Elon Musk wrapping up his time as a special government employee, we ask Wedbush’s Dan Ives about what it means for Tesla’s future.
May 30, 2025•42 min
Tariffs Blocked, Underscoring Nvidia’s Bull Case, and Come Fly the Blue Sky 5/29/25
A federal court has blocked some of Trump’s tariffs, including the ‘reciprocal’ levies, we tell you what’s next and what it means for the markets. The key word mentioned 27 times on Nvidia’s earnings call that experts say underscore the bull case of the chip giant. Plus, United and Jetblue team up.
May 29, 2025•44 min
Nvidia’s Second-Half Hopes, International Opportunities, and the “Nasty” TACO Trade 5/28/25
Nvidia’s Q2 results after the bell could be messy, but Raymond James sees hope in the second half. Why it’s not too late to get into the international trade. Plus, CNBC’s Megan Cassella gets President Trump’s response to Wall Street’s newest trade acronym: TACO (Trump Always Chickens Out).
May 28, 2025•43 min
Stocks Rally on Tariff Delay, but Budget Battle Looms 5/27/25
Stocks surge after President Trump delays EU tariffs until July, but Citi warns the GOP’s reconciliation bill could have big implications for stock valuations. Plus, could Trump’s trade war actually be deflationary?
May 27, 2025•44 min
The Exchange 5/23/25
Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
May 23, 2025•44 min
The Exchange 5/22/25
Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.
May 22, 2025•44 min
Spending Bill Hurdle & Retailers Under Pressure 05/21/25
President Trump’s “Big, Beautiful Bill” just hit a major hurdle. The Chair of the Freedom Caucus now saying he doesn’t see the bill happening this week. We discuss. Plus, Target just cut their full-year sales outlook on weak consumer sentiment. We dive into what’s got that name, and others, under pressure.
May 21, 2025•44 min
Wall Street vs. Main Street, Google's Search Problem & Live at Tesla HQ 5/20/25
Retail investors have been far more optimistic about tariffs than professional investors...did they get it right? Google I/O kicks off as questions over the future of search remain. Plus, CNBC is live at Tesla HQ as Elon Musk takes Transportation Secretary Sean Duffy for a ride.
May 20, 2025•50 min
Stocks Start Slow, Budget Bill Battle, White House vs. Walmart 5/19/25
Investors squarely focused on the bond market after Moody’s downgraded the U.S. credit rating. We’ll look at what it means for your money and the outlook for stocks. Plus, the House Budget Committee advanced President Trump’s tax bill late Sunday, but infighting among the GOP continues to be an obstacle for legislation. And the White House is blasting Walmart over tariffs, but one analyst says she expects all retailers will have no choice but to raise prices, and that’ll benefit one group the mo...
May 19, 2025•44 min
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