Power Lunch

Everyone’s talking about AI right now: its impact on society, markets and the world. And 7 stocks are driving all of the market’s gains, with most of them knee-deep in the AI boom. We’ll discuss.Plus, retail results are coming in. We’ve heard from Walmart and Target so far. But which stock is the better buy here? We’ll ask our analysts to duke it out in an old-fashioned “bull fight.” Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this hour, we’ll break down the key parts of Elon Musk’s exclusive interview on CNBC. The Tesla CEO saying there could be a reckoning for U.S. companies doing business in China, and calling work from home a four-letter word we can’t say on TV!And also saying he’ll keep saying whatever he wants on Twitter, even if it costs him money. We’ll break it all down for you. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Senate hearings are underway on Capitol Hill to discuss exactly what went wrong with Silicon Valley Bank, and what could go wrong with AI too.And the FTC is flexing its muscle yet again, suing to block the major pharma merger between Amgen and Horizon Therapeutics. We’ve got it all covered for you.Plus, we’ve got a big interview coming up on CNBC: David Faber is sitting down with Elon Musk after Tesla’s annual shareholder meeting. We’ll get you ready for that as well. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Peter Merrigan, Taurus Investment Holdings CEO, discusses commercial real estate demand and outlook. Ari Wald, Oppenheimer managing director, joins to discuss three stocks: Alphabet, Dupont De Nemours and Charles Schwab. Bryan Fairbanks, Trex CEO, discusses construction demand, inventory and recession fears. NYU’s Suzy Welch and Conference Board CEO Steve Odland, discusses the corporate agenda and M&A activity returning to the market. Plus, CNBC’s Robert Frank reports on how trouble on Wall Street and the economy is causing a supply glut in the Hampton’s summer rental market.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

You’ve seen the warnings from Hollywood movies before: artificial intelligence will destroy society as we know it. But now, even Wall Street is joining in.One firm is out with a terrifying note, warning there’s a ’50-50 chance’ that AI will wipe out all of humanity. The analyst behind the call will join us to explain his frightening thesis.Plus, Elon Musk is stepping down as CEO of Twitter. While Tesla is raising prices of some of its EVs here in the U.S., but recalling some vehicles in China. We’ll break it all down for you. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

PacWest is down more than 20% today, after reporting a 9.5% drop in deposits in the last week. We’ll explore the latest leg lower for banks, which is weighing on markets today.Plus, we’ll talk to Houston Rockets owner Tilman Fertitta about what he’s seeing on the economy, and the consumer. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Google is holding its big AI event today, with lots of news breaking throughout the day. We’ll bring you there, and ask whether the company can catch up after a slow start in the chatbot race.Plus, the Covid-19 emergency is set to end tomorrow, as far as the government is concerned. We’ll talk about what that means, along with many other health topics, with Dr. Scott Gottlieb. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

As the U.S. gets closer to the debt ceiling deadline and a potential default, President Biden is set to meet with Congressional leaders to discuss options. We’ll look at the potential economic damage and market impact.Plus, PayPal is plunging after earnings, issuing weak guidance. Rival Affirm also reports today. We’ll dig into the potential problems at hand for the payments space. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

President Biden is expected to propose new rules to make airlines pay customers for delays and cancellations, if the airline is to blame. But how will this affect the carriers? And it sounds great for passengers, but will the costs just be passed onto them anyway? We’ll explore. Plus, Peloton shares have been a disaster for years now. But one analyst just gave it an upgrade. Is the stock really investable now? We’ll debate. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Whether it’s the Federal Reserve’s mission to hike rates until inflation is curbed, or the growing likelihood of a total federal shutdown – it might be time to accept the reality that Washington’s shadow is cast over Wall Street…and maybe for good. Former New Orleans Mayor Marc Morial joins us to weigh in.Plus, as rates continue to climb, are millennials losing hope in the housing market? A new report from BofA shows they expect to pay even more for homes down the line, with no end in sight. We’ll speak to the analyst behind the report. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.