The Exchange

More pain for regional banks with PacWest down more than 50% after saying it’s considering “all options,” including a possible sale.Royal Caribbean’s CEO joins Kelly on the heels of reporting better-than-expected results, and raising full-year earnings guidance.And we go on the ground at Apple HQ in Cupertino, California, with a lookahead to the tech giants earnings after the bell. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Exchange goes on the road to Washington, D.C. ahead of the Federal Reserve’s interest rate decision.Sen. John Kennedy joins Kelly and Tyler to discuss the economy, the banking industry, and the debt ceiling deadline.David Wessel from the Brookings Institute says the big question is what the Fed will signal about June.And Dan Clifton from Strategas has a closer look at the policy implications of the recent bank failures and a potential default. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

First Republic became the third bank to fail since March, but will it be the last?Charlie Munger is warning about cracks in commercial real estate – we’ll look ahead to three big names ahead of their results this week.And tech investor Brad Gerstner had some harsh words for Alphabet CEO Sundar Pichai earlier on CNBC.We’ll break down why he thinks Alphabet is falling behind in the AI race.Plus, and Exchange Exclusive interview with SoFi CEO Anthony Noto on the heels of their record financial results. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Four of the five mega cap tech companies have reported, we take a look at the company one strategist says has shown the lowest quality earnings. Plus, the “Dean of Valuation,” NYU’s Aswath Damodaran’s on how the lack of risk capital is impacting tech’s performance. The FDIC releases its finding regarding the Signature Bank Collapse. And the one corner of the health care market Mizuho’s Jared Holz expects to be a booming, multi-billion dollar business. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Don’t miss the new details on First Republic’s desperate pitch to save the bank. Plus, how should you invest in a slowdown if the economy is like a car speeding down a cul-de-sac? And if the UK is closed for business, we’ll look at what it means for Microsoft’s deal to buy Activision. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

First Republic hemorrhaged deposits in the first quarter, and one guest says it’s now a battle of survival.Does that mean hopes for a Fed cut this year are premature? David Zervos from Jefferies will weigh in.Plus, Alphabet and Microsoft earnings are on deck. Will last quarter’s cost cuts be enough to fund their investments in AI? Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Is Bed Bath & Beyond’s bankruptcy a sign of trouble in the retail industry, or simply a case of mismanagement?Plus, the one key data point flashing a signal only see during – or right before – a recession.And with LVMH topping $500M in market cap, is it time to take profits or is a bigger luxury spending boom on the way? Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Is the Fed being too laissez-faire about stress in the banking system? Former Dallas Fed President Richard Fisher says it still has to slay the “inflation dragon” and at least one economist agrees, saying that’s exactly why the Fed will hike rates in less than 2 weeks.Meantime, as the credit crunch hits Main Street, he hear from one small business owner who’s feeling the effects as he tries to expand.And XPrize Founder Peter Diamandis joins Kelly to discuss his latest $11M competition, and the impact AI will have on it, as well as the broader tech landscape. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.