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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

Bonds Back to 2008, Disas-Truss, and Trains, Phones & Filters 10/20/22

Bond yields are rising again, with the 10-year note back to 2008 levels. The markets aren’t minding it, but can rates & stocks keep rising together? We’ll debate. Plus, for the second time in just 2 months, the UK is looking for a new Prime Minister. And the policies of the next PM could have a big impact on U.S. & global markets. We’ll explore what’s at stake. And, investors are getting a lot of earnings reports to digest. We’ll get you ready for CSX, Snap Inc and Verizon ahead of resul...

Oct 20, 202245 min

Bond Yields Bounce, The Plan for Energy Prices, The River Runs Dry 10/19/2

Mortgage rates could continue to rise above 7%, as bond yields spike again. We’ll hear from an expert who says the Fed needs to slow down the pace of rate hikes. Plus, crude oil continues to climb, even as the White House keeps selling our emergency reserves. Are we on a collision course with OPEC? We’ll debate. And, severe drought has the Mississippi River receding to record low levels. We’ll speak to the ACBL CEO about why this could turn into another supply chain & energy crisis.

Oct 19, 202252 min

Trust the rally?, Bill Gates live, and “Gas & Groceries” 10/18/22

Stocks are higher once again today, with the Dow now up 1,800 points from last Thursday’s CPI-low. But can the rally be trusted? We’ll debate. Plus, billionaire philanthropist & investor Bill Gates will join us to talk about his climate change ambitions, and the clean energy firms he’s investing in right now. And, with the Midterms fast approaching, does it all really come down to “gas and groceries”? We’ll preview what to expect as money & politics get set to collide in November.

Oct 18, 202245 min

All about the Banks, Peak Yields?, and “Textbook Bottom” Buys 10/17/22

Banks have been the big driver for earnings season so far, holding up better than expected. The big names are getting the most attention, but we’ll drill down on some smaller ones that could be good bets right now. Plus, Treasury yields are lower today after hitting decade-highs last week. Are we past the peak? The ‘Bond King of Texas’ says ‘yes,’ and he’ll join us in studio to explain why. And, could the bottom already be in for stocks? Remove bonds, and we’re seeing all the ‘textbook signs’ ac...

Oct 17, 202245 min

Playing the Volatility, UK U-Turn, and Consumer Concerns 10/14/22

Stocks are turning lower today, unable to build on yesterday’s massive CPI-fueled turnaround. If there’s more volatility ahead, how can you play it? We’ll ask the experts. Plus, more chaos in the UK, as the new Prime Minister just fired her head of Treasury and reversed course on much of her big tax cut plan. We’ll examine the global fallout. And, the latest retail sales data shows inflation is starting to take a toll. Will rising prices eat into holiday spending, playing “Grinch” for the retail...

Oct 14, 202244 min

Wild day for stocks, another year of hikes?, and Best of the Banks 10/13/22

Stocks are shrugging off the hotter-than-expected CPI data, with the Dow making an 1,100-point swing from the morning lows. We’ll try to make sense of what’s happening on Wall Street today. Plus, while stocks might be higher, inflation is too, posting another 8.2% jump year-over-year in September. So what should the Fed do? We’ll explore. And, earnings season is about to kick off, starting with the Financials. We’ll get you ready with a ‘Big Banks’ edition of Earnings Exchange.

Oct 13, 202244 min

Inflation Anxiety, Time to Buy Tech?, and Yearning for Earnings 10/12/22

Inflation doesn’t seem to be going anywhere…yet. And while all signs point to more Fed tightening, the Bank of England is still easing. We’ll examine the fallout. Plus, the Nasdaq is once again underperforming, now trading near 2-year lows. What will it take to finally turn it around? We’ll explore. And, earnings season is set to kick off, with big banks on deck. Our trader will give some advice on how to trade the results.

Oct 12, 202245 min

From Main St. to Wall St., Crude Reality, and the CPI-YAY Trade 10/11/22

Stocks are making a big midday turn higher, even shrugging off comments from the Fed’s Loretta Mester that ‘more restrictive’ policy is needed. We’ll track everything from the macro to Main Street, and see how it’s impacting markets & your money. Plus, lots of geopolitical events are impacting the energy market, from Russian attacks on infrastructure to Iranian oil workers going on strike. We’ll explore what it all means for energy prices & inflation. And, if inflation is indeed starting...

Oct 11, 202245 min

The Risk-Off Trade, Stick with Tech?, and M&A Mania 10/10/22

The ‘risk-off’ trade is alive and well, as the market trades cautiously ahead of a key inflation reading and earnings. So what does that mean for your money? Our expert says remove all ‘shiny objects’ from your portfolio and turn to dividend stocks. He’ll explain why. Plus, the Nasdaq is lagging once again, as Semiconductor stocks sell off. Should investors still stick with Tech here? We’ll debate. And, we’ll explain why you could soon see a surge in Energy M&A deals, and what it says about ...

Oct 10, 202245 min

Labor Pains, Health of the Consumer, and ‘Stagflation’ Situation 10/7/22

The job market’s still going strong, likely keeping the Fed firmly on its hawkish path. And stocks are lower as a result. But is the market overeating? We’ll debate. Plus, the consumer is also still strong, according to new data from Mastercard. We’ll speak with the analyst behind the report about trends he’s seeing and how they might influence the Fed’s strategy. And, we have a special Jobs Edition of ‘3 Buys And A Bail’ -- including one name Gina Sanchez says will do well no matter what state ...

Oct 07, 202245 min

Finding Opportunity, Back to Work?, and Rising Rates & Real Estate 10/6/22

Stocks are falling for the second day in a row following a strong start to the week. So is now time to get back into the market? We’ll debate. Plus, we’re less than 24 hours away from the big September jobs report. We’ll turn to Recruiter.com for clues on what to expect. And, real estate mogul Don Peebles joins us live with how soaring rates are playing out in residential and commercial real estate.

Oct 06, 202245 min

Bears are back, Musk’s Master Plan, and Spirits, Slim Jims & Spices 10/5/22

After 2 days of market gains, the bears are back in charge! And one expert says they’ll fight to keep control. She’ll give us the 4 names she’s buying right now, and the catalyst she thinks will end the bull-bear battle. Plus, Elon Musk’s Twitter deal is back on. The question now becomes: what will he do with it? We’ll explore. And, we’ll bring you the action, story & trade in Constellation Brands, Conagra & McCormick ahead of results in ‘Earnings Exchange.’

Oct 05, 202244 min

Twitter Deal Back On? 10/4/22

Elon Musk has reportedly proposed to buy Twitter for the original $54.20 a share-price. With the stock halted for news we get the latest reporting, why Musk has decided the deal is back on, and what it means for the social media giant’s and Musk’s futures. Plus, why investors should get optimistic about risk assets now and the names to buy for the long-term.

Oct 04, 202244 min

‘Fall’ speed ahead?, Crude Reality and State of the Economy 10/3/22

Stocks are surging right out of the October gate. Is there more to come now that September is behind us? We’ll hear from an expert who sees another 15% gain for the S&P before year-end. Plus, it’s OPEC vs. the White House, as crude prices surge on news the group could make a big production cut. We’ll dissect what to expect at this week’s meeting. And, we’ll get a look at the American economy from one of its most popular restaurants. The CEO of P.F. Chang’s joins us to talk inflation, supply ...

Oct 03, 202244 min

‘So long, September!’, Sandberg Says Goodbye, and Putting Up with the Pain 9/30/22

Good news for investors: September is over! The Dow is set to close its worst month since March 2020, and worst September in 20 years. But given we had more inflation data and yet stocks are up today, is that a good sign going forward? We’ll debate. Plus, today is Sheryl Sandberg’s last day as an employee of Facebook. We’ll look at the company, and the stock, without her in the fold. And, Jerome Powell warned there’d be more pain as the Fed raises rates, and he’s been right. So we’ve got 3 ‘buys...

Sep 30, 202247 min

“The Inflation Wildfire” 9/29/22

Markets are down big today, as global risks and runaway inflation spook investors. What’s the risk of European contagion spreading here? We’ll explore. Plus, jobless claims fell to their lowest levels in 5 months. But another inflation reading – one loved by the Fed – is still red-hot. Does that mean bigger hikes ahead? We’ll debate. And, how is all of this impacting corporate earnings? We’ll find out when Nike & Micron report after the bell. We’ll have the action, the story and the trade in...

Sep 29, 202245 min

Britain’s Bond Buying, Pipeline Problems, and Tracking Hurricane Ian 9/28/22

Stocks are bouncing back today, after falling to their lowest levels since late 2020. Is the U.S. looking more attractive compared to the financial chaos in Europe? We’ll break down the Bank of England’s surprising moves to recue its bond market. Plus, Europe’s energy crisis may get worse, as someone apparently blew up parts of Russia’s big Nord Stream pipeline. The EU is claiming it was caused by ‘sabotage.’ But by who? We’ll debate. And, as Hurricane Ian makes landfall in Florida, we’ll talk t...

Sep 28, 202245 min

Buy the dips?, State of Debt (Pt. 2), and Payroll, Poultry & Parking 9/27/22

Stocks continue to slide, giving back their early gains of the day. So what are investors to do here? Our expert says you buy in, because dips driven by the Fed are always worth buying. He’ll tell us why. Plus, high-grade investment bond yields are now at 13-year highs. So why aren’t we seeing more demand? We’ll get a check on the health of the corporate debt market. And, we’ll give you the action, the story and the trade in Cal-Maine Foods, Paychex and Thor ahead of results on deck in ‘Earnings...

Sep 27, 202244 min

State of Stocks, State of Energy & State of Debt 9/26/22

Stocks under pressure once again as yields, and the dollar, continue to rise. So how do you play it? We have three names well-positioned for gains right now. Plus, as oil hits the lowest level since January 6th, the CEO of America’s largest energy exporting ports joins us with his view on the state of energy, the economy, the supply chain and more. And, with credit card balances hitting all-time highs, and credit card rates at the highest level in more than two decades, we look at the state of c...

Sep 26, 202244 minEp. 7

Markets In Turmoil 9/23/22

Markets are set to close out a down week with another big drop. The Dow has dropped below 30,000, and falling below the June lows too. We’ll tell you all you need to know. Plus, it’s not just stocks falling today. Oil is dropping too, now below $80 per barrel for the first time since January. Is $60 the next stop? We’ll debate. And, we’ll give you some advice on how to survive higher rates in our latest edition of ‘3 Buys And A Bail.’

Sep 23, 202244 min

Fed Fallout, Tech Wreck, and all eyes on FedEx 9/22/22

Wall Street is reacting to another big rate hike from the Fed. It’s going to hit every aspect of the economy, from debt, to housing and the markets. We’ve got all the angles covered for you. Plus, Tech stocks are taking the brunt of rising rates, with the Nasdaq down 10% in just one month. But does that mean it’s time to buy? We’ll debate. And, FedEx shocked the business world with its dire revenue warning. But now the company officially reports. Will it change the game? We’ll explore.

Sep 22, 202245 min

Decision Day 9/21/22

It’s decision day for the Fed. In just an hour’s time, we’ll find out if they will raise interest rates another half, ¾ or even a full 1%. And more importantly, we’ll find out what they expect to have to do in the future to keep fighting inflation. We’ll have every angle covered ahead of that decision, including what it means for the economy, housing and stocks.

Sep 21, 202245 min

Raise and hold?, the “real” economy, and Beyond Belief 9/20/22

We’re just 24 hours away from the latest Fed decision, and rates are rocking. 11-year highs for the 10-year yield; and 15-year highs for the 2-year yield. And that’s going to be a huge hidden ‘tax’ on tens of millions of Americans. We’ll explain why. Plus, FedEx just warned of a serious economic pullback. But a lot of other companies disagree. Who’s right? We’ll debate. And, Beyond Meat shares have been ‘beyond’ bad. Shares have wiped out 85% of their value this year, and now the COO is involved...

Sep 20, 202246 min

Minerd on the markets, The Rate Debate, and Looking for Opportunity 9/19/22

The two biggest stories of the day: rates & markets. Guggenheim’s Scott Minerd is the perfect person to talk about both, and he joins us all hour! Plus, will the Fed go for a full point rate hike this week? Or will it be less this time and more down the road? We’ll debate. And, in good times & bad, there’s always opportunity somewhere. We’ll try to help you find it.

Sep 19, 202244 min

Freight Pain, and a Volatility Survival Guide 9/16/22

FedEx just shocked Wall Street with a big time warning. The stock is now on pace for it’s worst day ever. Is this a bad sign for the economy, or just a company problem? We’ll debate. Plus, as stocks get set to close out their 4th negative week in 5, our trader has 3 names to buy, and one name to avoid in a special “3 Buys & A Bail: Volatility Survival Edition.”

Sep 16, 202245 min

Strike averted, ‘Fed’ up with inflation, and the end of ‘a la carte’? 9/15/22

The rail industry is back on track, agreeing on a tentative labor deal to avoid a strike. Now oil & natural gas prices are falling sharply as the risk premium comes out. We’ll bring you the energy impact. Plus, we’re a week away from the next Fed meeting, and markets seem split on what they want vs. what the economy needs. We’ll debate who’s right, who’s going to win, and what it means for your money. And, cable TV is the new ‘cable TV’ as streaming services fight to get even bigger to offer...

Sep 15, 202245 min

Seek safety?, a market bright spot, and big banks’ balancing act 9/14/22

Stocks are coming off of their 7th-biggest point drop in history. But some say bargains are now abound. We’ll talk to the pro’s about what they’re buying now. Plus, there are still some bright spots in the market, including Cheniere Energy. We’ll speak to the CEO as it extends its winning streak. And, rising rates are usually good for banks. But inflation, not so much. Our analyst explains why the smaller lenders are the place to be right now.

Sep 14, 202245 min

Stocks sell off as inflation remains hot 9/13/22

Today’s hotter-than-expected CPI data helping snap a 4-day winning streak for stocks. Inflation showing no signs of slowing down, as many prices we pay are actually continuing to rise – from housing, to food & more. We’ll look at how inflation is hitting every area of the economy, and what it means for you & your portfolio.

Sep 13, 202247 min

Why not both?, Uber CEO on the record, and Inflation “Claus” & Effect 9/12/22

Stocks are higher for a fourth straight day, bucking the historical September trend. So what do you buy here: Growth or Value? We’ll hear from an expert who says you can buy both right now. Plus, Uber is on the upswing, with shares up nearly 60% since July 1. We’ll hear from the CEO live on everything from food delivery to self-driving and more. And, there are new signs inflation may be slowing in some areas. We’ll explain how inflation could change in a big way by the time the holiday season ro...

Sep 12, 202245 min

Hard Landing?, California Crisis, and Ready for Recovery 9/9/22

Stocks are higher today and on pace to close out a strong week, despite even more hawkish Fed speak. But can the Fed actually get inflation under control without crushing the housing market? We’ll debate. Plus, California is on the brink of an energy crisis, facing shortages and flipping its stance on nuclear. We’ll dig into where the state went wrong. And, we’ll give you a brand new “3 Buys & A Bail”, focused on each kind of economic recovery we might see ahead.

Sep 09, 202245 min
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