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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

A Market Rally, What Washington Needs to Do About Coronavirus, and the Housing Market Hit

Stocks rallying after central banks around the world injected liquidity into the financial systems, is this the boost markets need to stabilize? We discuss. A former IMF official lays out his plans to boost the economy. And homebuilding stocks fall as rates go lower, but that’s not the only risk to the housing. Coronavirus has already impacted the market…we get a read across the country.

Mar 13, 202047 min

Liquidity concerns, airlines get crushed, and no pandemic playbook.

The Fed announcing a bond buying program as the scramble for cash intensifies and liquidity concerns throw global bond markets into turmoil. We look at the Fed’s big move and the impact it could have on the markets. Plus, airline stocks getting crushed following the President’s European travel ban. We speak to a guest who says the pandemic could serve as a liquidity stress test for the sector. And a growing list of sports leagues suspending games or banning fans. We look at just how big the fina...

Mar 12, 202058 min

Stimulus Proposals, Bank Executives at the White House, and Oil Patch Bankruptcy Worries.

More confusion and mixed messages from Washington on whether Coronavirus relief is coming. We look at the various proposals being floated and what kind of difference they would actually make. Plus, bank executives are being called to the White House but what does the administration hope to get out of the meeting? And with oil sharply lower, worries about bankruptcies in the oil patch continue. We check in with one guest who says he has some idea of how this might play out across the industry....

Mar 11, 202052 min

A Wild Ride on Wall Street, Why Investors Could be in for Months of Pain, and Four Cancelled Conventions Could Spell Disaster for Illinois

The Dow swinging 1100 points throughout the session after President Trump said he was prepared to announce ‘dramatic’ actions to stimulate the economy, but it’s come to light there’s not quite a solid plan in place yet. What’s actually on the table in Washington. A top strategist says investors could be in for a months-long negative market event, and it could change how pension funds invest for the long-term. And Chicago is home to the biggest convention center in the western hemisphere, but cor...

Mar 10, 202047 min

A Historic Day on Wall Street, Oil Prices Plunge, and Record Lows for Yields.

Turmoil on Wall Street with the Dow down more than 2000 points at the low and market-wide circuit breakers being triggered to stem some of the selling. From the NYSE to the CME and the NASDAQ, we follow all the biggest moves. Plus, as an oil price war breaks out between Saudi Arabia and Russia, we’ll look at where oil goes from here, the impact on energy producers, and the geopolitical ramifications. And a former Fed board member on what bullets the Central Bank still has left....

Mar 09, 20201 hr

A Wild Week on Wall Street, Getting to the Front of the Supply Chain Line, And Did the Fed Get it Right?

Another sell-off on Wall Street, with the 10-year touching fresh lows. What it means for the markets and why this is not a repeat of the financial crisis. The drastic steps some retailers are taking to get to the front of the supply chain line now that factories in China are back up and running. And a top market strategist says the Fed doesn’t stop floods, nor does it cure diseases, but it did the right thing this week. He explains why.

Mar 06, 202047 min

Another Market Sell-off, another record low for the 10-year, Southwest Airlines’ CEO on Coronavirus, and panic buying at the grocer.

Wall Street once again in sell-off mode. This as the 10 year hits a new record low. From financials to energy, we look at all the major moves and whether there are some good opportunities right now. Southwest Airlines expects the coronavirus outbreak will cost it up to $300 million this quarter. CEO Gary Kelly joins us with more on the fallout and how the carrier is mitigating risk. Plus, as people stockpile products, grocery store shelves nationwide are getting more and more empty. We talk to t...

Mar 05, 202055 min

Stocks rally, Airlines Grounded, Rushing to Refi, and Bloomberg bets on Biden.

Stocks rallying…we look under the hood of this rally to see what’s driving it and if it can last as yields continue to fall. The historic drop in rates has homeowners rushing to refi. We’ll tell you how low rates could go and how high that might push home prices. Airline CEOs get summoned to the White House to address the Coronavirus crisis but what exactly does the administration hope to accomplish with this meeting? Plus, Mike Bloomberg suspends his presidential bid and bets on Biden to defeat...

Mar 04, 202047 min

The Fed Makes a Surprise Rate Cut, An Historic Low for US Bonds, and Regeneron CEO on the Hunt for a COVID-19 Treatment.

The Fed surprising investors with a half-point rate cut for the first time since the financial crisis. President Trump says it’s too little, too late...one economist tells us why he thinks it’s too much, too soon. The yield on the US 10-Year note falls below 1%, we’ll discuss the impact on mortgage-backed securities. And the Founder and CEO of Regeneron joins for an exclusive interview to shed light on the company’s quest to find a treatment for COVID-19.

Mar 03, 202047 min

A Market Rally, One Commodity to Stay Bullish On, Coronavirus Supply Chain Disruption

Markets staging a major rally after the worst week for stocks since the financial crisis on stimulus hopes…we’ll tell you how to play it. Goldman Sachs’ Jeff Currie says there could be more pain ahead in the oil patch and reveals the one commodity he’s staying bullish on. And executives from two companies with China-dependent supply chains tell us how they’re handling operations amidst the coronavirus outbreak.

Mar 02, 202047 min

Another Wild Day on Wall Street, Company Concerns, 3M Gears Up, and Protecting Your 401(K)

The Major Indices are having their worst week since the financial crisis. From investment opportunities right now to protecting your 401(K), our panel of experts weighs in on all angles of this sell-off. Plus, a look at what companies should be doing now to prepare for a wider coronavirus outbreak. And we’re live at 3M where production of face masks is ramping up.

Feb 28, 202055 min

Special Episode | Squawk Pod: Warren Buffett & Berkshire 2.0; Market Sell-Off

Squawk Pod is a daily, guided curation of the top moments and takeaways from CNBC’s flagship morning show, “Squawk Box,” anchored by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Each day, the podcast includes news making interviews, perspective and analysis from iconic guest hosts, and slices of debate and discussion—from the heated to the hilarious— all wrapped with exclusive context and color from Senior Producer Katie Kramer. Listen in to today’s episode and subscribe to the podcast today....

Feb 28, 202042 min

A Whipsaw market, a crude collapse and shipping at a standstill.

Massive volatility gripping stocks today as the coronavirus spreads to new places. We debate what’s ahead for this whipsaw market and if now is the time to get in. Plus…one well known economist makes his case for the why the Federal Reserve should cut rates now. And the impact the volatility we’re seeing could have on the IPO market.

Feb 27, 202054 min

Special Episode | Squawk Pod: Warren Buffett on Banks, Boards, & Scandal; Coronavirus Fears Hit Wall Street

Squawk Pod is a daily, guided curation of the top moments and takeaways from CNBC’s flagship morning show, “Squawk Box,” anchored by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Each day, the podcast includes news making interviews, perspective and analysis from iconic guest hosts, and slices of debate and discussion—from the heated to the hilarious— all wrapped with exclusive context and color from Senior Producer Katie Kramer. Listen in to today’s episode and subscribe to the podcast today....

Feb 27, 202034 min

Bulls & Bears Battle, an Economic Pandemic, Central Bank Conundrum, and Pain at the Ports.

A whipsaw day in the markets as the coronavirus spreads to new places. We look at whether investors should be changing their strategy. Plus…one prominent economist says the coronavirus outbreak is rapidly becoming an economic pandemic and it couldn’t come at a worse time. She tells us why. Then…from handing out cash to relying on central banks to step in, we look at the response around the world in the race to stop an economic contagion. And…we’re live at the Port of Long Beach with what the sit...

Feb 26, 202045 min

Special Episode | Squawk Pod: Warren Buffett & Bitcoin; Virgin Galactic Chairman; Disney’s New CEO

Squawk Pod is a daily, guided curation of the top moments and takeaways from CNBC’s flagship morning show, “Squawk Box,” anchored by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Each day, the podcast includes news making interviews, perspective and analysis from iconic guest hosts, and slices of debate and discussion—from the heated to the hilarious— all wrapped with exclusive context and color from Senior Producer Katie Kramer. Listen in to today’s episode and subscribe to the podcast today....

Feb 26, 202038 min

Special Episode | Squawk Pod: Warren Buffett & Charlie Munger; Pain at the Ports; Resisting the Dip

Squawk Pod is a daily, guided curation of the top moments and takeaways from CNBC’s flagship morning show, “Squawk Box,” anchored by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Each day, the podcast includes news making interviews, perspective and analysis from iconic guest hosts, and slices of debate and discussion—from the heated to the hilarious— all wrapped with exclusive context and color from Senior Producer Katie Kramer. Listen in to today’s episode and subscribe to the podcast today....

Feb 25, 202033 min

The market sell-off continues, Larry Kudlow live, and are banks ready for the refi rush?

After an early morning head fake, stocks are back to selling off. We have team coverage from all angles. Plus, National Economic Council Director Larry Kudlow joins us with his take on the markets, coronavirus fears, falling rates and more. And as rates continue to fall, refinance applications have jumped 160%. The big question is, can banks handle the volume? We take a look.

Feb 25, 202050 min

Dow drops 1000+ points on coronavirus fears, oil is in bear market territory, retail takes it on the chin.

Dow plunges 1000+ points as coronavirus fears spread around the world…just how much pain could be ahead. Crude oil prices fall 5% as travel, transportation and manufacturing all get hit by virus… why oil will continue to react the worst. Retailers falling, with names like Tapestry and Nike getting hit the hardest thanks to China exposure…a top analyst reveals where he’s finding opportunities.

Feb 24, 202055 min

Special Episode | Squawk Pod: Ask Warren Buffett

Squawk Pod is a daily, guided curation of the top moments and takeaways from CNBC’s flagship morning show, “Squawk Box,” anchored by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Each day, the podcast includes news making interviews, perspective and analysis from iconic guest hosts, and slices of debate and discussion—from the heated to the hilarious— all wrapped with exclusive context and color from Senior Producer Katie Kramer. Listen in to today’s episode and subscribe to the podcast today....

Feb 24, 20201 hr 2 min

The biggest bank takeover since the crisis, the 2020 political ad problem and the fight for housing in California

Morgan Stanley is buying E*Trade in a $13 billion deal, the largest since the financial crisis… why Morgan wants it and what it means for retail investors. 2016 was the year of political ads on social media, but in 2020, the ads are moving to streaming services…which presents a big problem for regulators. We discuss. And you know NIMBY, meet YIMBY…the movement gaining steam in California as more people are priced out of the housing market.

Feb 20, 202045 min

A potential earnings warning, Bloomberg’s first debate, and Bed Bath & Beyond cluttered?

If you take the big tech companies out of it, earnings growth is at zero. So is this market too top-heavy? We debate. Mike Bloomberg makes his much anticipated debut at tonight’s presidential debate. His campaign co-chair joins us with what we should expect. And Bed Bath & Beyond’s new CEO says decluttering the store could be key to more sales. Is he right? That’s ahead in Rapid Fire.

Feb 19, 202044 min

Apple warns about the coronavirus, the blue-collar jobs problem, Bloomberg leans left and Soros takes on Zuckerberg

Apple is the latest company to warn about the coronavirus’ impact on its bottom line, saying it doesn’t expect to meet its March quarter revenue guidance…how much more pain is ahead. Former Office Depot CEO Steve Odland has a jobs warning. Michael Bloomberg unveils his left-leaning plan to regulate Wall Street. And drama plays out in the pages of the Financial Times between Mark Zuckerberg and George Soros.

Feb 18, 202045 min

A divided investor, a terrible investment, and Facebook’s flops.

As the Dow inches closer to the 30 thousand milestone, investors are pouring into bonds at record levels. We’ll tell you why. Plus, a terrible investment. That’s what T. Rowe Price is saying now about its involvement with WeWork. A look at what’s next, and whether there are more shoes to drop. And is Facebook really the world’s greatest copycat? Or the worst? We debate.

Feb 14, 202045 min

Market Risks, Tesla’s Stock Offering, Mapping the Outbreak, and Bloomberg’s Meme-mentum.

Dow 30k? We’re within shooting distance of that major marker but Berkshire’s Charlie Munger has a major warning for this market. We’ll tell you what it is. Tesla taps the market. We’ll tell you why shares are higher on news that Tesla will issue more stock. Mapping an outbreak…meet the CEO and Doctor whose company provides the technology to do just that. She joins us with a look at how it works and the agencies relying on it in the coronavirus outbreak. Plus, Mike Bloomberg is turning to Interne...

Feb 13, 202045 min

Market rally, Coronavirus retail fallout, and a beyond belief drop.

The Dow, the S&P and the NASDAQ all set new record intraday highs today. We’ll look at the catalyst behind the rally and whether anything can bring it down. Plus, retail is one of the sectors most exposed to supply chain disruptions from the Coronavirus. We’ll rank who’s most vulnerable, who could see some impact, and who’s best positioned to withstand the fallout. And Bed Bath & Beyond sinking after warning on same-store sales. The CEO calls it short-term pain but could this company be ...

Feb 12, 202045 min

Full ‘stream’ ahead, Coronavirus retail impact, and a resilient economy?

Fed Chair Jerome Powel says the economy is resilient but he warns of risks from the coronavirus. We take a closer look at his testimony on the hill and the President’s response to what he said. Plus, the fallout from the Coronavirus is showing up in several retailers’ quarterly results. The names and how much it’s costing them. And, if you think American’s appetite for more apps and services to stream content has peaked, new data suggests otherwise. We have the details.

Feb 11, 202043 min

Coronavirus industry impact, L Brands nearing a deal, one indispensable stock, and who’s right on the Coronavirus…bonds or stocks?

Travel and tech, retail and restaurants, autos and airlines….we look at how industries are trying to minimize the impact of the Coronavirus. We’re getting warning signs from the bond market…is the stock market underestimating the coronavirus impact? Plus, L Brands’ wings may soon get clipped but the stock’s taking flight. We have the latest on the company’s Victoria’s Secret brand nearing a sale. And, there’s one stock that has become critical to the markets. We’ll tell you the name and what mak...

Feb 10, 202045 min

The Labor Secretary weighs in on jobs, Anatomy of the Tesla rally, and the quest for a Coronavirus test.

Another blowout jobs report…Labor Secretary Eugene Scalia joins us for more on who’s hiring, who’s firing and why wage growth overall is still anaemic. Plus, Biotech company Illumina is playing a key role in understanding, and managing, the Coronavirus. The company’s Chief Medical Officer joins us with what they’re doing and where things stand. And, a look at the anatomy of the Tesla rally and why that rally may not last.

Feb 07, 202044 min
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