From the Desk of Kelly Evans: Soaring rates and the next inflation problem 5/9/22
Kelly ponders what comes next for the economy.
May 09, 2022•4 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
Stocks extend losses, banking on Financials, and Earnings Exchange 5/9/22
There’s been no letup from the market selling pressure, as the Nasdaq falls to its lowest intraday level since November 2020. Are the markets stuck in this cycle until Fed Chair Powell gets more aggressive? We’ll debate, and tell you where to find value right now. Plus, Financials are falling despite rising rates. So what’s the disconnect? We’ll explore, and tell you whether or not you can still bank on this trade. And, we’ll preview three big names getting ready to report in Earnings Exchange, ...
May 09, 2022•45 min
Markets in turmoil, checking the charts, and more jobs, more wages? 5/6/22
It’s been a roller coaster day for the averages, as the markets close out another volatile week of trading. We’ll cover a bunch of stock picks from every corner of the market, and debate where things go from here. Plus, we’ll take a hard look at the charts to determine whether we’ve gotten the “all clear,” or if the bottom is yet to come. And, we’ll check out the employment picture after another strong jobs report, and explore whether or not Fed Chair Powell needs to put bigger rate hikes back o...
May 06, 2022•44 min
From the Desk of Kelly Evans: What are we even rooting for anymore? 5/6/22
Kelly explains why it’s getting increasingly difficult to react to economic data in this market environment.
May 06, 2022•4 min
Tracking the market selloff 5/5/22
The averages are selling off in a big way, on pace for their worst day of 2022 and wiping out yesterday’s huge Fed-fueled relief rally. A 75 basis point rate hike might be off the table, but inflation certainly is not. We’ll cover all the angles, and tell you the best ways to make money right now as we try to make sense of this market, and whether or not the Fed is making a historic mistake.
May 05, 2022•57 min
From the Desk of Kelly Evans: Everyone's confused about inflation (#teamfullpointhike) 5/5/22
Kelly explains why investors are concerned the Fed may not have been hawkish enough at the May FOMC meeting.
May 05, 2022•5 min
Countdown to the Fed, go for Growth?, and ‘where in the world’ 5/4/22
We’re just one hour away from the Fed’s decision on interest rates, with a half-point hike expected to come. But how hawkish will the statement be? And what will Chair Powell say? We’ll cover all the market angles for you. Plus, as the Fed ramps up tightening and rates surge, it seems like the worst time to buy into Growth stocks. But we’ll ask an expert why he believes they’re starting to look attractive, and which headwinds he sees abating. And, it’s not just the U.S. -- central banks are rais...
May 04, 2022•39 min
Fed, up!, Risky business?, and chips, cars & coffee 5/3/22
A half-point hike is what most are expecting from the Fed tomorrow, but one expert says don’t rule out a 75 bps hike down the road. She’ll join us to explain what else she sees ahead, and where you can find opportunities in the market in the meantime. Plus, as mortgage rates rise, riskier loans are making a comeback. How might this affect the market and economy moving forward? We’ll explore. And, we’ll bring you the story, the action and the trade in AMD, Lyft and Starbucks ahead of results on d...
May 03, 2022•44 min
Opportunity in volatility, buying the tech wreck, and countdown to the Fed 5/2/22
It’s a new month, and investors are hoping a new start to a new market too. We’ll speak with an expert who insists we’re near the end of this selloff, and will explain why. Plus, we’ll highlight the “6 Pillars of Tech,” from software to 5G wireless. We’ll look at the ‘least bad’ names amid the wreckage and tell you how to trade them here. And, we’re just 48 hours away from a historic Fed decision. Everyone is expecting a half point hike, but David Zervos will explain why the Fed can’t afford to ...
May 02, 2022•42 min
50 points for sure?, Cathie Wood live, and 3 Buys & A Bail 4/29/22
Stocks are lower, with the S&P 500 on track to cap off its worst month since the pandemic first hit. And it comes amid another red-hot inflation reading. If you were hoping the Fed’s hawkishness was peaking, you might have to wait. We’ll explore what it means for markets and your portfolio right now. Plus, Ark Invest’s Cathie Wood joins us live to discuss some of the largest holdings in her Ark Innovation Fund, on the heels of beefing up her stake in beaten-down Teladoc. And, we’ll bring you...
Apr 29, 2022•44 min
A bold recession call, and big tech on deck 4/28/22
Stocks are in the green again today, despite a surprise drop in GDP. But it’s not last quarter that people are really worried about. We’ll check in with a seasoned economist who says there’s no way the Fed can pull off a soft landing here, and that the coming downturn will be worse than he thought, too. Plus, with how should investors trade big tech names ahead of Q1 results? We’ll give you the story, the action and the trade in Amazon, Intel and Robinhood in Earnings Exchange.
Apr 28, 2022•39 min
No alternative?, chip wreck, and Earnings Exchange 4/27/22
Not only are stocks higher today, but the Dow is rising despite a huge drop in Boeing shares post-earnings. But the S&P 500 is still down 6% in the past week. Are U.S. stocks no longer the best game in town? We’ll explore. Plus, looming China Covid lockdowns mean the chip shortage could get worse before it gets better. We’ll tell you who’s most exposed. And, earnings have been all the difference in this market. We’ll look at Meta, Pinterest and Teladoc ahead of results after the closing bell...
Apr 27, 2022•45 min
Another ugly day, how many hikes?, and Earnings Exchange 4/26/22
Stocks are selling off once again today. Yesterday they turned positive in afternoon trading, but today looks like a different story. We’ve got all the angles covered. Plus, while some experts are calling for a recession, others are saying the Fed isn’t tightening enough. We’ll explain why new economic data has some calling for even more hawkishness. And, the Nasdaq is down nearly 3% with a host of big tech earnings on deck. We’ll highlight Alphabet and Microsoft ahead of results in Earnings Exc...
Apr 26, 2022•47 min
Driving the action, Fast Fed, and the busiest week of earnings season 4/25/22
Stocks and yields are dropping in tandem today, while oil falls as Covid spreads in China. We’ll look at the early fallout, and the ripple effect from the surging U.S. dollar. Plus, all of this is happening amid the fastest Fed tightening cycle in 40 years. Will it be forced to back off those plans, or is this action actually helping achieve its goals? We’ll explore. And, the busiest week of earnings season is now underway. We’ll take a look at General Electric, 3M and Whirlpool ahead of results...
Apr 25, 2022•45 min
Fed fallout, gaining altitude, and big tech on deck 4/22/22
Stocks are selling off sharply as yields rise, a day after Fed Chair Jerome Powell signaled a 50 basis point rate hike is on the table. We’ll cover all the angles. Plus, not every sector is down today. Airlines have been a key outperformer, and one analyst says there’s still more upside to come. He’ll join us to explain why. And, with big tech earnings on deck next week, we’ll look at three names to buy and one name to bail on in the space ahead of upcoming results.
Apr 22, 2022•44 min
Rate hike hint?, a streaming sea change, and camera, consumers & crude 4/21/22
We’re moments away from hearing Fed Chair Jerome Powell speak live at the IMF roundtable. Will he solidify the case for a 50 basis point rate hike in May? We’ll bring you in as he speaks. Plus, a day after Netflix plunged on major streaming changes, there’s word that CNN+ is shutting down less than a month after launching. We’ll have the latest details. And, we’ll bring you the story, the action and the trade in Snap Inc., American Express and Schlumberger ahead of results on deck in Earnings Ex...
Apr 21, 2022•50 min
What’s next for Netflix?, oil spillover and cars, planes & metal 4/20/22
If you thought the action in Netflix looked bad last night, it’s even worse today – now down 37%, and dropping below $100B market cap. Is it too late for the streaming pioneer to turn things around? We’ll talk to the analyst who called this one right -- Needham’s Laura Martin. Plus, is what’s bad for Netflix good for other parts of the market? We’ll speak with an expert who says this makes him even more bullish on energy now. And, we’ll give you the story, the action and the trade in Tesla, Unit...
Apr 20, 2022•44 min
From the Desk of Kelly Evans: What's going on with commodities? 5/19/22
Kelly explains what commodity prices are signaling about the economy right now.
Apr 19, 2022•5 min
Fed up with inflation, unmasked, and the defense trade 4/19/22
Stocks are on the rise, despite yields surging higher once again. Is the market rally just a head fake? We’ll debate. Plus, it’s a big win for the airline industry now that mask wearing is optional on flights. But is there more turbulence ahead? We’ll explore. And, the CEO of Lockheed Martin joins us to talk earnings, supply chain and the company’s talks with the Pentagon about sending weapons to Ukraine.
Apr 19, 2022•44 min
Go for growth?, rising rates and off the grid 4/18/22
The 10-Year Treasury Yield just hit 2.88%, the highest level we’ve seen since 2018. That means mortgage rates aren’t done going higher, either. And as for stocks? We’ll speak with an expert who says you should dump growth and go for dividend payers right now. Plus, we’ll tell you three Tech stocks to buy and one to avoid in a “rising rates” edition of 3 Buys & A Bail. And, we’ll take a look at the missing link in the clean energy revolution: the power grid. We’ll give you some under-the-rada...
Apr 18, 2022•45 min
Recession protection, making money in mortgages and 3 Bails & A Buy 4/13/22
More than half of Americans believe we’re heading into a recession. And if history is any guide, they’ll likely be proven right. But that history doesn’t include inflation spikes like the one we’re seeing now. We’ve got stock picks for whichever type of market you want to bet on. Plus, as rates rise and the mortgage market slows, we’ll speak with the CEO of Rocket about how his company can make money in this environment. And, our trader is worried about earnings season, seeing potential destruct...
Apr 13, 2022•45 min
Inflation peaking?, the box office battle, and Banking, Bedding & Boarding 04/12/22
Inflation just hit a new 40-year high, and the market seems to think the worst of it might be behind us. But is that sentiment premature? And will it change anything when it comes to the Fed’s tightening plan? We’ll discuss. Plus, we’ll speak with the CEO of Paramount Pictures about the box office, streaming wars and if there’s more room to run in the stock. And, we’ll bring you the action, the story and the trade in a big bank, a beaten-down retailer and an airline all set to report in Earnings...
Apr 12, 2022•45 min
Not so fast?, Musk’s next move, and a new hot spot? 4/11/22
Yields are spiking around the globe, and that continues to be a huge headwind for Tech. The Nasdaq is now down 1,000 points in the past week. But is talk of a recession premature? We’ll speak with an analyst who says even the downturn in the transport stocks isn’t as bad as you might think. Plus, Elon Musk’s Twitter saga has taken a new turn, as he won’t take a seat on the board after all. So where do we go from here? We’ll explore. And, as China’s Covid lockdowns grow, will American companies l...
Apr 11, 2022•44 min
Too far, too fast?, rates & real estate, and 3 Buys & A Bail 4/7/22
As rates continue to shoot higher, we’ll hear from one economist who says the Fed won’t be able to follow through on its tightening plans. Plus, we’ll do a deep dive on how rising rates are impacting real estate. Could we be at a turning pointing from residential to office strength? We’ll ask Don Peebles. And, earnings season kicks off next week, led by the big banks. But which is a buy, and which is a bail? We’ll ask our trader Gina Sanchez.
Apr 08, 2022•50 min
The Fed’s toolbox, “nailed” it, and Apple swings for the fences 4/7/22
The market is still feeling a bit nervous as the Fed gets more aggressive on tightening, and now there’s a new wrinkle they’ll need to digest too. We’ll discuss. Plus, Home Depot & Lowe’s are both down more than 20% this year as rising rates spoil the reno boom. We’ll speak with the analyst that called this home improvement downturn last year. And, today is opening day for Major League Baseball, which also marks the debut of MLB games exclusive to Apple. Will it be a home run, or a strikeout...
Apr 07, 2022•44 min
From the Desk of Kelly Evans: The bond rout deepens 4/7/22
Kelly helps make sense of carnage in the bond market.
Apr 07, 2022•4 min
An Ugly Market Session, What the Fed said, and Trading Teen Trends 4/6/22
The market is flashing plenty of warnings signals, so what’s the right playbook now? We take a look. Plus, as the market braces for an aggressive Fed, we look ahead to the latest fed minutes and what they may tell us about the balance sheet and rate hikes. And taking the pulse of teenagers in America. We look at what they’re buying, eating and sharing-and how to trade the trends.
Apr 06, 2022•44 min
“Much too high”, board already?, and 3 Buys & A Bail 04/05/22
Some hawkish words from a usually dovish Fed Governor, with Lael Brainard saying inflation is much too high, and the Fed may have to get even more aggressive. We’ll look at the fallout as rates rise. Plus, Elon Musk is joining the Board of Twitter, just a day after disclosing his stake in the company. We’ll speak with an analyst who’s downgrading the stock despite it soaring 30% in 2 days. And, we’ll get a trader’s take on 4 major stocks – 3 to buy here, and one to avoid -- just as earnings seas...
Apr 05, 2022•45 min
From the Desk of Kelly Evans: The market's "mushy middle"
Kelly explains why this trading environment is unlike anything we’ve seen in the 21st century.
Apr 05, 2022•6 min
Twitter’s biggest shareholder, “playing with fire” and Financials & The Fed 4/4/22
Elon Musk has become Twitter’s biggest shareholder, disclosing a 9% stake worth nearly $3 billion. We’ll speak with one analyst who says the upcoming midterm elections make now the perfect time for Musk to buy in. Plus, Cathie Wood says the Fed is playing with fire, calling it a mistake to raise rates as yield curves invert. Larry Lindsey joins to argue against that logic. And, are these the best or the worst of times for financial stocks? And should you bet on traditional banks or fintech stock...
Apr 04, 2022•44 min
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