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    Business

    The Exchange

    “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.

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    Latest Episodes:
    Running of the Bulls, In-Home Data Centers, and Citadel's Ken Griffin 5/5/26 May 05, 2026
    Show notes

    With the Nasdaq and the Russell at fresh highs, Carson Group's Ryan Detrick says there may still be several years left of the bull market. One company is teaming up with Nvidia to build mini data centers that can be attached to residential homes. Plus, an exclusive interview with Citadel founder and CEO Ken Griffin.


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    Risks to the Rally, Scoring Berkshire's Abel, and Wyndham's Win 5/4/26 May 04, 2026
    Show notes

    Strong earnings pushing stocks to record highs despite high oil prices, can the rally keep running? Scoring Greg Abel's first time at the helm of Berkshire's Annual Meeting. Plus, the case for Wyndham Hotels & Resorts as a stealth AI beneficiary.


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    Memory’s Moat, Tech’s Role in Recent Highs, and Shrugging Of $100 Oil 5/1/26 May 01, 2026
    Show notes

    Western Digital CEO Irving Tan on the global memory supply crunch and “a lot more opportunity” to expand pricing. Tech has been the key driver of the market’s huge April rally. Is it needed to make new highs from here? Plus, three scenarios on why high oil prices have not had a bigger impact on markets.



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    Apple's AI Problem, "Save the Shire," and Caterpillar Crushes 4/30/26 Apr 30, 2026
    Show notes

    The iPhone is booming, but can Apple fix its AI problem? Oppenheimer's "one AI to rule them all." Plus, how AI could touch off a new cycle for an old industrial.


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    Fed Decision, Memory Momentum, and Mag 7 on Deck 4/29/26 Apr 29, 2026
    Show notes

    As Jay Powell's time as Fed Chair comes to an end, our experts discuss whether he should stay on as a governor and what successor Kevin Warsh's first moves will be. Memory stocks surge after Seagate's blowout results. Plus, Alphabet and Microsoft hit all-time highs ahead of their after-the-bell reports.


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    OpenAI's Viability, UAE to Exit OPEC, and Climbing Consumer Costs 4/28/26 Apr 28, 2026
    Show notes

    Renewed concerns over OpenAI's massive spending following a Wall Street Journal report, but journalist and author Sebastian Mallaby raised that issue back in January. He lays out the four problems he sees facing the company. OPEC set to lose one of its members after nearly 60 years. Plus, with gas prices hitting 2022 levels, a look at where else costs could climb as the Iran war continues.


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    Big Tech on Deck, Musk vs. OpenAI, and Cardiac Drug Breakthroughs 4/27/26 Apr 27, 2026
    Show notes

    With five of the Mag 7 reporting this week, we discuss whether investors should temper their capex expectations. The trial between Elon Musk and Sam Altman kicks off. Plus, the potential next frontier in preventing heart attacks.


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    DOJ Drops Powell Probe, Big Tech on Deck, and Intel's Gain, AMD's...Gain? 4/24/26 Apr 24, 2026
    Show notes

    The Department of Justice is dropping its criminal probe of Fed Chair Jerome Powell, leaving the door open for a Kevin Warsh confirmation. Jeff Kilburg breaks down how to trade the Mag 7 ahead of earnings next week. Plus, D.A. Davidson upgrades AMD after Intel's blowout results.


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    Debunking Oil Myths, the New Gamestop?, and Saving Spirit 4/23/26 Apr 23, 2026
    Show notes

    The IEA chief warned the world is facing the biggest energy crisis in history, so why aren't oil prices spiking? The meme stock that tanked nearly 50% after soaring 700% in one month. Plus, why Barclays says the Trump administration's potential $500 million bailout plan for Spirit Airlines could be a "moral hazard."


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    Tech Still Cheap, SpaceX's $60B Deal, and Google's Enterprise Fight 4/22/26 Apr 22, 2026
    Show notes

    Tech stocks surging in April, but Barclays says the sector still looks historically cheap. SpaceX strikes a deal for the right to buy AI startup Cursor. Plus, Google unveils new in-house chips and AI tools amid growing competition for corporate customers.


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