Power Lunch

President Biden is set to deliver the State of the Union address tonight, and corporations are expected to be a target. We'll discuss what the President's proposed tax increases would mean for business and the stock market. Plus we'll talk to the CEO of Rivian, as he unveils its latest vehicle – which could be a make-or-break moment for the company. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

CNBC’s Tyler Mathisen and Kelly Evans take you through the heart of the business day bringing you the latest developments and instant analysis on the stocks and stories driving the day’s agenda. “Power Lunch” delves into the economy, markets, politics, real estate, media, technology and more. The show sits at the intersection of power and money. “Power Lunch” gives viewers a full plate of CNBC’s award-winning business news coverage, plus a healthy dose of personality from the show’s anchors and the network’s top-notch roster of reporters and digital journalists.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

: Shares of Apple are falling once again – this time on concerns about sales in China. The stock is down 11% this year, compared to a 6% gain for the Nasdaq 100. Plus, Disney shares are reversing course after Bob Iger said he’s extremely confident that the company’s streaming offerings will be profitable by the end of this year. And Target shares are soaring after results beat on both the top and bottom lines, but there are still some areas of concern. We’ll discuss all that, coming up.   Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The European Union just slapped Apple with a nearly $2 billion fine. The commission said the tech giant has abusive rules for other music streaming providers. Shares are down 3% today, but it seems investors might be more concerned about Apple's perceived slow start to the AI race. We’ll have more on that. Plus, Macy’s stock is rallying 15% as Arkhouse Management and Brigade Capital raise their offer for the company to $24/share from $21/share. The retailer confirmed it received the offer and said its board will review it. We’ll discuss what happens next and why one analyst is downgrading the stock today.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Elon Musk is suing Sam Altman and OpenAI. Musk says they breached a contract and got away from their mission to use AI for the good of humanity. Walter Isaacson, who knows Musk as well as anyone, will join us to discuss. Plus another big day of declines for New York Community Bank as the company flags new problems with its internal controls. We'll look at what this latest event means for banks and the markets more broadly.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Today is February 29, the rarest day on the calendar and we are marking what is known as Rare Disease Day. It's a day to bring attention to disorders affecting relatively few people, but there are still thousands of these diseases out there impacting millions of families. We'll talk to the head of the National Organization for Rare Disorders about the scope of the problem, plus the CEO of a company working in this area about the process for getting treatments approved. We'll also take a look at some of the stocks involved in this space as possible opportunities to invest in the companies working to treat, or even cure these diseases.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Coming up, Apple is parking its car project to focus more on AI ambitions. But will AI features be enough to get people to upgrade their iPhones? Plus, we continue to look inside the economic ecosystem of health care. We’ll go over the sometimes risky, but often profitable, world of biotech stocks.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Coming up, a battle between Exxon and Chevron over an oil project off the coast of South America. It could derail Chevron's $53 billion buyout of Hess. And there's one complicating factor: Venezuela's government. We'll explain. Plus, religion, politics, and even sex.  All topics many people would rather talk about than talk about money. Why is it so hard to discuss our personal finances? We'll dig into that. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

CNBC’s Tyler Mathisen and Kelly Evans take you through the heart of the business day bringing you the latest developments and instant analysis on the stocks and stories driving the day’s agenda. “Power Lunch” delves into the economy, markets, politics, real estate, media, technology and more. The show sits at the intersection of power and money. “Power Lunch” gives viewers a full plate of CNBC’s award-winning business news coverage, plus a healthy dose of personality from the show’s anchors and the network’s top-notch roster of reporters and digital journalists.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

CNBC’s Tyler Mathisen and Kelly Evans take you through the heart of the business day bringing you the latest developments and instant analysis on the stocks and stories driving the day’s agenda. “Power Lunch” delves into the economy, markets, politics, real estate, media, technology and more. The show sits at the intersection of power and money. “Power Lunch” gives viewers a full plate of CNBC’s award-winning business news coverage, plus a healthy dose of personality from the show’s anchors and the network’s top-notch roster of reporters and digital journalists. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.