

The Exchange
CNBC
"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.
Episodes
Mentioned books

May 10, 2021 • 44min
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 around. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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May 7, 2021 • 45min
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.
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May 6, 2021 • 45min
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 wants to spin off its paper business to focus solely on packaging. We’ll speak with the CEO.
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May 5, 2021 • 45min
“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 results.
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May 4, 2021 • 44min
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 drop dramatically.
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May 3, 2021 • 45min
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 ways for young investors to play the market. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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Apr 30, 2021 • 44min
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 touches. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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Apr 29, 2021 • 43min
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.
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Apr 28, 2021 • 42min
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’.
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Apr 27, 2021 • 42min
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. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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