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
Feb 2, 2026 • 44min
The AI Daisy Chain, Memory is the New Metals, and a Short Shutdown? 2/2/26
Bradley Tusk, founder and CEO of Tusk Ventures and political strategist, weighs in on the economic and political ripple effects of AI investment. He questions near-term AI revenue prospects and the political hurdles for data centers. Conversation also covers Oracle’s big AI raise, Nvidia’s pause with OpenAI, and a shift of speculative money into memory stocks.
Jan 30, 2026 • 47min
Warsh Wins, Wall Street's Wary, and Sen. Warren's Warning 1/30/26
Senator Elizabeth Warren, Massachusetts lawmaker focused on banking oversight, warns about Fed independence and opposes deregulation. Larry Lindsey, former NEC director and Fed governor, offers pragmatic Fed leadership and monetary strategy views. They debate Warsh's likely stance, Fed balance sheet versus rate policy, and how markets and regulation could shift.
Jan 29, 2026 • 44min
Meta's Major Momentum, Tesla's Major Pivot, and Microsoft's Major Problem 1/29/26
Meta shares are surging, but will its big capex spending plans pay off? Tesla trades its Model X and S vehicles for humanoid robots. Plus, can Microsoft play catchup in the AI race? Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Jan 28, 2026 • 40min
Dollar Destruction, Another Powell Pause, and Tech on Deck 1/28/26
Why there could be more pain ahead for the dollar. Economist Claudia Sahm says the Fed is in wait-and-see mode as both downside employment risk and inflation cool. Plus, will this earnings season separate the wheat from the chaff when it comes to the Mag 7? Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Jan 27, 2026 • 40min
The Health of Health Insurers, 'Dumb Money' Durability, and Altman's Tech Job Warning 1/27/26
Julia Coronado, founder of Macro Policy Perspectives and former Fed-focused economist, offers concise macro and rate outlooks. Discussion covers pressure on health insurers from a new Medicare Advantage proposal. Conversation also explores how meme trading reshaped retail flows since GameStop. They examine signs from OpenAI's hiring pause and wider implications for tech labor.
Jan 26, 2026 • 44min
Metals on the Move, Tech on Deck and Another Government Shutdown? 1/26/26
Gold and silver hit record highs, yet again, as the dollar hits a four-month low. The Mag 7 name Clockwise Capital says is the best-positioned to pivot on spending. Plus, how the recent events in Minneapolis could result in a government shutdown. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Jan 23, 2026 • 44min
OpenAI's Make or Break Year, Intel Interrupted, and Blizzard Bracing 1/23/26
Matt Miskin, Co-Chief Investment Strategist at Manulife/John Hancock, shares his take on positioning for quality value and industrials. He warns against FOMO in metals. The conversation also covers AI cash burn vs. hyperscaler competition and Intel’s recent momentum hit.
Jan 22, 2026 • 43min
Memory Momentum, Tech Trade Fade, and Lowe's' "Influencer" Era 1/22/26
Memory chips are in a super-cycle while the Mag 7 slows down. Will the AI race hit a wall or keep competitors cutthroat? Plus, Lowes's' new strategy to win over Gen Z shoppers. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Jan 21, 2026 • 43min
No Force for Greenland, The First Fed Fight, and the Housing Investor Ban 1/21/26
President Trump reiterates his pursuit for Greenland, but rules out using military force. Justice Kavanaugh advocates for Fed independence as the justices question the legality of Fed Governor Lisa Cook's firing. Plus, what the new housing investor ban means for real estate prices. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Jan 20, 2026 • 51min
Slumping Stocks and Surging Yields, the Greenland Case, and Trump's Tariff Threats 1/20/26
Stocks tumble as trade war fears reignite, could that be a buying opportunity? Does America still have bargaining power when it comes to Greenland? Plus, how Europe could respond to Trump's tariff threats Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
