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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

Buying the dip, running out of luck?, and the fight for 15%

A wild weekend of trading led to a crypto crash. We’ll look at who could be buying the dip here, and whether or not you should get in too. Plus, we’ve seen a bunch of other speculative blowups this year, from SPACs to FOMO stocks. Can the broader averages avoid a similar fate? We’ll explore. And, the White House is proposing a 15% global minimum corporate tax rate to put a halt to the race for the lowest figure. We’ll give you the key details.

May 24, 202145 min

Pandemic productivity boom, red hot housing and slash, substitute, swipe

There’s a pandemic productivity boom underway, with the U.S. doing more with fewer workers than ever before. We’ll look at what that could mean for markets, jobs, inflation – and the Federal Reserve, too. Plus, the housing market continues to be red hot. We’ll speak with the CEO of Realogy about trends they’re seeing, and its surging stock price. And, in today’s Rapid Fire: a 20% price cut for Tesla; another change for the Dow?; and the White House ‘swipes right’ to get people vaccinated.

May 21, 202145 min

A complicated relationship, Got milk?, and chopping the lumber

The complicated relationship between the Fed & markets is getting more fragile as the words “tapering” and “transitory” draw contention. We’ll debate what’s happening in the real economy and explain what investors actually want from the Federal Reserve. Plus, Oatly’s debut through a traditional IPO is off to a decent start. Are direct listings and SPACs falling out of favor? We’ll explore. And, lumber prices are cracking after their climb to record highs. We’ll speak to one executive about h...

May 20, 202145 min

Diamonds in the rough, crypto crash and chips fall into place

A 5-star tech fund manager has three names to buy on the dip – and none of them are big cap tech! He’ll join to explain why. Plus, Bitcoin sinks after China cracks down on cryptos, stocks sell off and Coinbase has technical problems. We’ve got it all covered. And, we’ll explain why the “chips” are falling into place for the semiconductor industry, and bring you the latest developments out of Washington.

May 19, 202145 min

The consumer comeback, teenage trading and crypto confusion

Macy’s just reported a monster quarter, but the stock isn’t responding in kind. CEO Jeff Gennette joins to discuss that and the comeback of the consumer. Plus, Fidelity wants to give teens access to no-fee brokerage accounts. We’ll speak to the company about this new push, and what it means for the next generation of traders. And, there’s an unexpected beneficiary of the crypto craze: Ethan Allen. We’ll explain why investors are confusing its ticker symbol with one of the hottest names in crypto...

May 18, 202144 min

Massive Media Merger, Twitter’s Subscription Service and Cannabis Consolidation

AT&T spinning off WarnerMedia to form a new company with Discovery. We'll get a look at the massive media merger and the companies that could be ripe for the next deal. And Twitter goes blue, Tim Cook takes the stand and millennials hate home ownership. That's in today's Rapid Fire. Plus, cannabis company Columbia Care posted record profits as marijuana use soared in 2020...the CEO weighs in on its retail revamp, industry consolidation and legalization.

May 17, 202145 min

Reading the reopening trade, digital nomads and a prescription for success?

Reopening stocks are taking off after the CDC changed its guidance on masks for vaccinated people. Is the lockdown trade dead? We’ll debate. Plus, if you can work from anywhere, you can probably make big bucks. We’ll look at the cities paying folks a bundle to move there. And, investors are liking GoodRx’s acquisition announcement which sent the stock higher. But could Amazon now be taking aim? We’ll discuss with the CO-CEO.

May 14, 202144 min

New day, new outlook?, show me the (digital) money and small names, big gains?

Despite another inflation gauge coming in hot, markets seem unphased today. So what’s changed? We’ll ask the experts. Plus, crypto player Coinbase is set to release its first earnings report since going public. We’ll tell you what to watch, and what it means for the sector. And, a 5-star small cap fund manager joins to explain why small names could soon equal big gains, including five names you should buy right now.

May 13, 202144 min

Tech selloff takes hold, pump pain and summer of love (stocks)

The tech selloff takes hold again today after making a stellar comeback in yesterday’s session. We’ll dig into the wreckage. Plus, the Colonial Pipeline shutdown is already causing pain at the pump. We’ll give you the latest timeline on when oil may flow again. And, as the nation continues to reopen and consumers get together again, will this be a summer of love for dating stocks? We’ll explore in Rapid Fire.

May 12, 202144 min

Stocks sell off, Coinbase optimism and Colonial Pipeline hack hits gas supplies

Stocks starting the day with a sell-off, but the Nasdaq reversing course and briefly turning positive...a technician breaks down the key levels to watch. And Oppenheimer is bullish on Coinbase. The analyst behind the call joins with why he sees nearly 50% upside from here. Plus, the latest on the Colonial Pipeline hack and how much pain customers could be facing at the gas pumps.

May 11, 202144 min

The hunt for workers, not-so-energetic and stay-at-home habits

A pandemic-induced worker shortage is in full swing, with the NFIB reporting a record 44% of small businesses can’t fill positions. Is this a short-term surge, or long-term problem? We’ll examine the impact on businesses, investors, inflation and the Fed. Plus, one of the largest pipelines in the U.S. was forced to close down after a cyber attack. We’ll bring you the latest details. And, are stay-at-home trends here to stay? We’ll speak with the CEO of one company that’s banking on them sticking...

May 10, 202144 min

Goodbye tapering?, battle of the behemoths and what’s old is new again?

Today’s jobs report miss was the largest since 1998, sparking new concerns over the recovery. How did economists get it so wrong? And does this help ease any Fed tapering fears? We’ll debate. Plus, Walmart takes aim at rival Amazon with a big move into health care. We’ll look at the brewing battle between these behemoths. And, in today’s Rapid Fire: Elon Musk’s crypto warning, the return of travel and what’s old is new again as shares of GoPro & Groupon surge on earnings.

May 07, 202145 min

Spending (too much?) plan, offices & opportunities and the cardboard boom

An independent report found that President Biden’s “American Families Plan” could cost $700 billion more than the White House estimates. Could the costs of the plan actually outweigh the benefits? We’ll ask Chief Economic Adviser to the Vice President Mike Pyle. Plus, layoffs are down, sales jobs are hot, Zoom is “so 2020” and workers want to get paid. We’ll give you the latest labor market trends ahead of tomorrow’s jobs report. And, demand for cardboard is so high that International Paper want...

May 06, 202145 min

“Transitory” debate, the future of work and Hayward makes a splash

Mentions of ‘inflation’ were up 800% on earnings calls in the first quarter, just as Janet Yellen mentioned the potential for higher rates. What does her-about face mean for markets, and will investors buy it? We’ll ask our experts. Plus, as restrictions lift and employees head back to the office, we’ll talk to the CEO of Upwork about the future of work in America. And, shares of Hayward are soaring today as demand for pools continues. We’ll speak with the CEO about its blowout first quarter res...

May 05, 202145 min

Tech wrecked, Pfizer’s big beat and costs & Clubhouse

Treasury Secretary Janet Yellen spooked the market after saying interest rates may need to rise at some point. And her comments come as the Nasdaq sinks for a third straight day. We’ll tell you how to react, and protect your money too. Plus, Pfizer is reportedly seeking emergency approval for use of its Covid-19 vaccine in adolescents ages 12 to 15. We’ll speak with the CEO. And, in today’s Rapid Fire: inflation hits the cereal aisle, Robots suffer from the chip shortage and Clubhouse downloads ...

May 04, 202144 min

Calm before the storm?, pandemic plays and “self-driving money”

There’s been plenty of drama with individual stocks, but overall markets have been enjoying a pretty low-drama rally. Can the calm last into the summer months, or are we headed for some choppy trading ahead? We’ll ask our markets experts. Plus, shares of many pandemic “darlings” have been struggling as investors turn to reopening stocks. Will Clorox join them in the red? We’ll debate. And, we’ll speak with the CEO of online platform Wealthfront about its newest investment offerings, and the best...

May 03, 202145 min

Following inflation, the auto tech puzzle and ‘primed’ for domination

With costs going up all across the economy, companies are being forced to either raise prices or shrink their profits. We’ll tell you which parts of the market are safe, and which also have the most pricing power right now. Plus, one expert says EVs are just one part of the auto tech revolution that will impact every aspect of our lives. He’ll join to explain why. And, in today’s Rapid Fire: Apple vs. the EU, the SEC probes VW and Amazon appears ‘primed’ to dominate pretty much everything it tou...

Apr 30, 202144 min

Don’t rule out tapering?, fixing the chip shortage and full bloom(in)

The Wall St. consensus says the Fed won’t taper this year, but one top strategist says “yes they will.” He’ll join us to explain why. Plus, some experts say the government should step in to help the U.S. regain its former dominance of the chip industry. We’ll debate that move. And, Bloomin’ Brands hits a fresh intraday high on the back of a big earnings beat and strong U.S. comparable sales. We’ll speak with the CEO about the restaurant recovery.

Apr 29, 202143 min

The inflation situation, Biden’s big speech and “better than a lottery ticket”

The Fed says it’s transitory; CEOs say it’s an issue; and investors are caught right in the middle. Inflation will be the key issue to watch at today’s Federal Reserve news conference. We’ll discuss why. Plus, President Biden is expected to unveil yet another $2 trillion plan this evening, and taxes will be front of mind. We’ll give you the details. And, what do Ellen DeGeneres, Mark Cuban, Dogecoin and the lottery all have in common? We’ll tell you in today’s ‘Rapid Fire’.

Apr 28, 202142 min

The Fed’s inflation gamble, Stifel’s strong quarter and back in business

As prices on everyday goods continue to rise, can companies pass the costs along to consumers? One Wall Street strategist says yes, and that consumers will happily pay up. He’ll join us to explain why. Plus, Stifel just reported record quarterly revenue, as its stock hovers near all-time highs. We’ll speak with the CEO about what’s behind the gains. And, new data from Yelp shows more than 500,000 new businesses have opened since the pandemic began. We’ll explore where activity is thriving.

Apr 27, 202142 min

Keeping your cool, Silicon Valley surge and Tesla charges forward

Between the ‘Reddit Rebellion’ and crypto craze, many investors feel like everyone around them is getting rich quickly these days. We’ll explain how and why you should keep your cool, and show you how not to lose money when the fear of missing out takes over. Plus, demand is soaring for shares of hot private companies across Silicon Valley -- and supply isn’t keeping up. We’ll explain why. And, the busiest week of earnings season kicks off with Tesla reporting tonight. Can it live up to Wall Str...

Apr 26, 202145 min

Tax hike winner, crypto gets crushed and pay between paychecks?

Investors seem spooked by the potential of a capital gains tax hike. We’ll look at what could realistically happen, and one area that could be a big beneficiary. Plus, $200 billion has been wiped out of the market as Bitcoin plunges below $50,000. Is this the beginning of the end of the crypto craze? We’ll debate. And, what if you could access money from your paycheck in between your actual pay days? One company is helping employers do just that, and we’ll explain how.

Apr 23, 202144 min

Can Intel deliver?, Chipotle’s hot quarter and red-hot rentals

Intel is set to report earnings after the bell. Can it justify its recent rally with a new CEO, an ambitious turnaround plan and more competition than ever? We’ll discuss. Plus, Chipotle reported a huge jump in sales last quarter as its doors opened and its online app dominated. We’ll speak with CEO Brian Niccol. And, in today’s Rapid Fire: Goldman’s bold EV call, an under-the-radar stay-at-home stock, and the red-hot summer rental market.

Apr 22, 202144 min

No dips to buy?, developing the vaccine and a big ransomware target

‘Buying the dip’ is something we’re often told from Wall Street strategists. But what if there aren’t any dips to buy? We’ll discuss. Plus, we’ll speak with one of the key researchers behind the Pfizer vaccine about the breakthrough technology and why she’s not concerned about variants. And, as Apple announced its new product lineup, a key supplier was suffering a multibillion dollar ransomware attack aimed at stealing Apple’s blueprints. We’ll explain.

Apr 21, 202145 min

Apple’s big event, risk & opportunity and “J’s” to the rescue?

Apple is kicking off its first product event of the year, with potential new gadgets from Airtags to updated iPads expected to debut. We’ll give you the details as they break. Plus, legendary investor Bill Miller joins to tell us what he believes are the biggest risks to the market right now, and why he’s a big believer in Bitcoin too. And, if you’re looking to hedge against market risks right now, we’ll explain why you should look no further than the letter “J.”

Apr 20, 202145 min

Bitcoin’s wild ride, the inflation situation and a “social audio” show

Bitcoin is struggling to rebound from its worst day since February. We’ll explain why and where the selling is coming from. Plus, many see inflation as a transitory issue that could fade as stimulus money dries up. But former NEC Director Larry Lindsey disagrees, and he’ll join us to explain why. And, Facebook is looking to cash in on the popularity of “audio-only” apps like Clubhouse by launching its own suite of digital audio products. We’ll give you the key details.

Apr 19, 202145 min

The highs keep coming, more runway ahead?, and a nationwide scheme

The markets are already at all-time highs, but one Federal Reserve Governor says the economic recovery is just getting started. Can the record rally keep going? We’ll debate. Plus, one Wall St. analyst is betting that Covid-19’s aftermath could prove to be a positive for the airline industry. He’ll join us to explain why. And, we’ll give you the dirty details of a nationwide scheme that cost taxpayers billions of dollars in our latest CNBC Special Investigation.

Apr 16, 202144 min

Special Episode: TechCheck – Capping off our Inaugural Week: an Exclusive with Airbnb CEO Brian Chesky, Jason Calacanis Weighs in on the Week in Debuts, The Reopening of Universal Studios Hollywood and so much more.

We’re capping off our inaugural week packed with powerhouse guests and the top stories in tech with an exclusive interview with Airbnb CEO Brian Chesky. He discusses the future of work and his travel expectations post-Covid with our Deirdre Bosa. Plus, big time tech investor Jason Calacanis joins us to weigh in on the week of market debuts, Coinbase’s implications for crypto and Robinhood’s fight in Massachusetts. We’ve also got new product news coming up next week from Apple-we’re digging into ...

Apr 16, 202144 min

Follow the money, copper the new oil?, and an electric battle

As the third wave of stimulus checks hits bank accounts, we’ll give you an exclusive look at how many Americas spent the latest round of cash. Plus, Jeffrey Currie of Goldman Sachs says copper will become the new oil as we move into a more eco-friendly world. He’ll join us to explain why. And, Mercedes-Benz is going after Tesla, saying its new EV sedan will beat out the Model S. We’ll show you the new car and speak with the company’s U.S. CEO.

Apr 15, 202145 min

Special Episode: TechCheck – The Coinbase Hangover, Bezos Speaks on the Amazon Union Vote, the AppLovin’ IPO, Where in the World is Jack Ma? And much more.

Lots to cover in tech today. We’ve got a packed show. We hit the biggest news of the day in tech with Kanyi Maqubela of Kindred Ventures. He gives us his take on Bezos’ comments to shareholders on the Alabama union vote defeat and the record-breaking Coinbase market debut yesterday. On the Coinbase front, the OG investor in the crypto platform Garry Tan joins on why he got in early and his initial belief in the company. Plus, we’ve got AppLovin CEO Adam Foroughi ahead of the IPO shaping up to be...

Apr 15, 202144 min
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