Power Lunch

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.

President Biden joined auto workers on the picket lines in Michigan today, with former President Trump expected to hold a rally there tomorrow. We’ll assess the political and economic impact of the strikes. Plus, it’s Day 2 of our Power House Road Trip. And we’re heading to a hot under-the-radar market: Dayton, Ohio. With interest rates surging near 8%, how is it playing out with buyers and sellers? We’ll find out.

Hollywood writers have reached a tentative deal with studios to end their strike after nearly 150 days. But nothing is set in stone. We’ll look at what it means for the actors strike, and broader labor strife across the country as well. Plus, we’re kicking off the latest edition of our Power House Road Trip! We’ll hit 5 cities over 5 days, with a glimpse into the housing market. Are prices still through the roof? And how far does a $1 million budget go these days? We’ll find out.

Apple’s iPhone 15 goes on sale today at stores in the U.S. and Canada. And as usual, big crowds are forming—especially In New York, where Tim Cook showed up. We’ll get a live report. Plus, the next step in the migration to streaming: live sports. Warner Brothers Discovery’s “Max” just announced the pricing for its new tier. Will customers now have to pay to watch “March Madness”? We’ll discuss.

After nearly 150 days on strike, Hollywood writers are close to a labor deal with studios. Plus, Rupert Murdoch is stepping down as Chairman of Fox & News Corp. We’ll discuss what it all means for the landscape. Plus, how can you pick up a 3% mortgage right now while rates are actually closer to 7.5%? We’ll talk to the head of a company with an interesting plan to let you buy both a house and its existing interest rate.

The Federal Reserve stayed put on Wednesday, but forecast it will raise interest rates one more time this year. The fed funds rate remained unchanged in a targeted range between 5.25%-5.5% Wednesday, taking it to the highest level since 2006. We’ll discuss what it all means for markets, the economy and your money.

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.

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.

The summer of labor’s discontent continues. Auto workers are striking at some plants after failing to reach a deal. But fast food workers in California are about to get a big raise. We’ll look at the potential fallout. Plus, rumors are swirling around Disney and which of its television networks it might sell. To whom? And for how much? We’ll try to make sense of it all for you.

We’re just hours away from a looming auto worker strike. If the UAW doesn’t reach a deal with the big 3 auto makers by midnight, we could see workers walk out. We’ll check in on the bargaining table. Plus, another Las Vegas casino has been hit by a cyberattack. Caesar’s says it paid a ransom to hackers, while MGM says it’s still trying to get back up and running. We’ll get the latest details from Sin City.

We’re following 2 big stories today: CPI & AI. August’s data showed inflation up 3.7% year-over-year. That was hotter than July, but can be blamed on gas prices. Are we really past the inflation threat? We’ll discuss. Plus, Elon Musk, Mark Zuckerberg and Bill gates are meeting with senators in Washington to discuss the future of AI regulation. We’ll ask what they’re saying, and why it’s occurring behind closed doors.

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.

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.

All across the country: downtowns, office spaces and shopping centers are at risk of becoming ground zero for a new economic hazard: the “urban doom loop.” That’s the growing likelihood that a commercial real estate apocalypse could spiral out across the entire economy. We’ll speak to the professor who coined the phrase. Plus, it’s not just commercial real estate that’s in a precarious position. Higher rates are creating around all of housing, and Ron Insana says the fed is to blame. He’ll join us to explain.

China’s government has reportedly banned its agencies from using iPhones. What would further bands in the country mean for Apple? We’ll explore. Plus, Hilton is teaming up with Tesla to install EV charging stations at thousands of its hotels. We’ll bring you the key details on the partnership.

We have some key economic data coming out today, alongside commentary from the Fed via the Beige Book. We’ll discuss these barometers for the broader economy. Plus, the attack on tech giants continues. The EU is cracking down on the sector’s core business, while the FTC is targeting Amazon and DOJ is going after google. We’ll discuss the regulatory threat.

Markets no longer seem obsessed about the possibility of recession. Goldman Sachs cuts its recession probability to 15% and consumer staples stocks continue to sell off. Plus, Wegovy helps make Novo Nordisk the most valuable company in Europe, passing LVMH. And Taylor Swift and Beyonce sell out shows, but what about the circus, and motocross and monster trucks?

The economy added 187,000 jobs in August. Not a lot, but not too many either. While the unemployment rate moved higher, but not too high. Markets seem to be betting that this won’t force the Fed into another interest rate hike. Is that the case, or overly ambitious? We’ll debate.

The tech rally rolls on, as today’s key earnings reports seemed to satisfy the markets. Will tomorrow jobs report be enough to keep it going as well? We’ll discuss. Plus, move over ‘Barbenheimer!’ Taylor Swift’s concert movie is set to debut the same day as “The Exorcist: Believer.” Will the ‘Exor-Swift’ be another jolt to the box office? We’ll explore.

Markets are experiencing a late-summer rally, especially for tech stocks. The Nasdaq is on pace for its 7th positive day in the past 8 sessions. We’ll explain what’s driving the move higher. Plus, the self-driving push has hit a speed bump. Cruise had to cut back its autonomous ride-share program, while regulators are inquiring about Tesla’s autopilot program. We’ll discuss the impact for autonomous driving overall.

President Biden is set to speak about Medicare drug prices. While the FDIC plans to force banks to protect themselves in case of failure. And the SEC just lost a key court battle, potentially clearing the way for an official Bitcoin ETF. We’ll tell you what it all means for you and your money.

Commerce Secretary Gina Raimondo is visiting China, just as the nation’s real estate market takes another hit. This is the third trip to China by a Biden cabinet member this summer. Is anything actually getting done? We’ll discuss. Plus, hedge fund Tiger Global is defending itself from what it’s calling “misinformation attacks” by a disgruntled former employee. We’ll dig into the allegations, but also look at what might be an even bigger issue: its recent performance.

Fed Chair Jerome Powell says inflation is still too high, and the Fed is ready to raise rates even more if needed. We’ll dig into the whole story. Plus, Oppenheimer is bullish on Nike, while Morgan Stanley is skeptical about Abercrombie & Fitch. We’ll get the read on retail from both firms.

Investors looking for insights into Fed Chair Jerome Powell’s process are being well “fed” this week, with the Jackson Hole summit now underway. We’ll tell you all you need to know. Plus, Nvidia’s earnings blew well past expectations, briefly sending the stock to record highs as it dominates the AI chip race. Can it keep up this momentum? We’ll debate.

It’s the day Wall Street has been waiting for: Nvidia earnings are here. The stock has already tripled so far this year. Can anything the company says help push the shares even higher? We’ll discuss. Plus, mortgage demand has dropped to a 28-year low, as rates jump above 7% -- their highest level in 2 decades. But are the high rates crippling homes sales, or is it just a lack of inventory? We’ll explore.

Retail earnings reports are still rolling in. While tech earnings are telling us about the impact of AI. Are corporate profits, and the economy, strong enough to send stocks higher? We’ll discuss. Plus, we’ll ask the CEO of Masonite if the company is seeing a slowdown, as fewer people move out of their homes amid soaring mortgage rates.

The biggest econ event of the summer is upon us: the Fed’s summit in Jackson Hole, WY. We’ll tell you what to expect, as yields continue to soar – including the 10-year yield at its highest level in 16 years. Plus, we’ll speak to the CEO of Brinker International. What are Chili’s & Maggiano’s seeing on the inflation front? And how is consumer spending holding up in this environment? We’ll ask.

Soaring bond yields, and falling stocks. That’s the setup for the markets right now. How worried should investors be about rising rates and the impact on tech stocks in particular? We’ll explore. Plus, Instacart is reportedly planning to go public, possibly as soon as next month. While ARM Holdings is also in the pipeline. Is the IPO market finally starting to defrost? We’ll discuss.

Walmart says consumers are hunting for bargains as inflation squeezes their wallets. But how about the high-end consumer? We’ll talk to the heads of Equinox & Christie’s about that. Plus, a California insurer is making a big move in the pharmacy space. We’ll explore what it means for both stocks and drug prices.

Target is slashing its full-year forecast, as the retail giant fails to hold onto an increasingly “thrifty” consumer. We’ll discuss the fallout for both the company and retail sector. Plus, Hertz and GM are standing firm on the future of EV car rentals. The CEOs of both companies will join us to discuss that and the auto industry at-large.

Fitch is putting banks on notice – even the likes of JPMorgan. But Moody’s already downgraded multiple names in the space. In Fitch too late to the game? We’ll explore. Plus, the newest retail sales data shows the consumer is holding strong. But for how much longer will that be the case? We’ll discuss.

China contagion is a concern today, as the country’s real estate sector sells off following a big warning from Country Garden. How bad could the ripple effect turn out to be globally? We’ll explore. Plus, someone once said “there’s no such thing as bad publicity.” But that person was not Goldman Sachs CEO David Solomon. After a series of unflattering articles, many are asking: how much longer can he keep his job? We’ll discuss.

The deal making environment is heating up, and now stock exchanges are reportedly battling it out over new listings. We’ll debate whether it’s market euphoria or simple enthusiasm. Plus, corporate diversity initiatives are under legal scrutiny. Two experts in the field weigh in on Corporate America’s options. And driverless taxis are getting the green light to expand in San Francisco, but not everyone’s ready to take their foot off the brake.

Self-driving vehicle firms Waymo & Cruise are looking to expand their operations in San Francisco. California’s utility commission is voting on the measure. If it passes, it could open doors for autonomous vehicle across the state. We’ll track the story. Plus – our back-to-school series continues. Today we’re looking at retail. Will we see a slowdown in consumer spending this year, especially as high inflation persists and student loan balances remain a concern for some shoppers? We’ll discuss.

We got some huge headlines in the media sector today. ESPN is diving head first into sports betting, inking a deal with Penn Entertainment. And that comes ahead of much-anticipated earnings from Disney. We’ll discuss. Plus, it’s back-to-school season again. And this fall, students, parents and teachers are facing a wave of issues, from inflation to AI. We’ll take a deep dive into each of them this week.

Stocks are shrugging off yesterday’s rally, after a big downgrade of multiple U.S. banks at Moody’s. We’re also seeing lots of earnings-related moves. We’ll break it all down for you. Plus, inflation is a concern for all sectors right now, and that includes concerts and live events. Ticket prices, travel and accommodations are all expensive. We’ll speak to the CEO of Vivid Seats about it.

Consumer credit card debt has hit a new record high. But with rates on the rise and inflated prices remaining high, could this be a catalyst for problems in the economy? We’ll discuss. Plus, Zoom – the company that basically facilitated the work from home” trend – has officially called workers back to the office. Is this the end of an era for remote work? We’ll explore.

Even though today’s jobs number came in just short of estimates, the markets are saying it’s enough to keep the economy out of recession – and the Fed on the sidelines. We’ll discuss. Plus, the other bit of news boosting stocks today: strong earnings from tech titan Amazon – especially for its cloud business. We’ll recap the results.

The market is continuing to react negatively to Fitch’s downgrade of our credit rating. Jamie Dimon told us it doesn’t matter, but stocks seem to be saying it does. We’ll explore. Plus, Apple & Amazon are set to report earnings today. We’ll discuss the key things to watch from each of these potentially market-moving reports.

On today’s show we have an exclusive discussion with JPMorgan CEO Jamie Dimon. He’s in Montana on a tour of bank branches there. We’ll talk to him about the economy, the Fed, the state of banks, and of course, the downgrade of the United States’ debt by Fitch.

The busiest week of earnings season is in full swing, and it’s Wall Street’s chance to see how companies are faring. The results are pouring in, and we’ll dig into which names have reported and those yet to come. Plus, the U.S. is seeing a new Covid surge, with cases up by more than 10% compared to last week. Hospitalizations are on the rise as well. With an updated vaccine on the way, will enough people actually take it? We’ll explore.

The only thing hotter than the weather in July has been the stock market. The Dow has only had 4 down days this month. Can the red hot summer rally continue into August and beyond? We’ll explore. Plus, trucking company Yellow has shut down operations and filed for bankruptcy. With a key player out of the game, are shipping costs going to rise? We’ll look at the inflationary pressure this could cause.

There’s a massive biotech buyout underway, with Biogen paying over $6 billion to bulk up its rare disease portfolio. We’ll explore the “arms race” brewing in big pharma. Plus, we have more ‘power players’ joining the show. Valley Bank’s CEO gives us a read on rising rates and new bank rules, while the Union Square Hospitality Group CEO gives us insight into the consumer.

Companies are facing more and more regulatory scrutiny lately. And it’s not just one industry – and nor is the pressure coming from just one source. We’ll explore. Plus, we’ll speak to 2 power players who can shine a light on the consumer: the CEOs of Crocs and Travel + Leisure Co. both join us live.

The Federal Reserve approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their highest level in more than 22 years. In a move that markets had completely priced in, the FOMC raised its funds rate by a quarter percentage point to a target range of 5.25%-5.5%. The midpoint of that target range would be the highest level for the benchmark rate since early 2001. We’ll discuss what it means for markets, the economy & your money.

Two distinct leadership styles are emerging across boardrooms: companies run by seasoned ‘operators,’ and those run by more risky ‘revolutionaries.’ But which is better for shareholders? We’ll explore. Plus, TikTok is launching an in-app shop as it pushes into e-commerce. But could it face similar issues to other platforms that sell “Made In China” products? We’ll ask a retail insider.

It’s a big week on deck for the markets. 12 Dow components and 152 S&P 500 companies are set to report earnings. While the latest Fed decision on interest rates is expected on Wednesday. We’ll help you digest it all. Plus, FTC Chair Lina Khan is making ripples this year. She’s got some big antitrust suits under her belt, and is also working to get stricter guidelines in place for mega-mergers, too. We’ll speak to former DOJ insider about it.

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.

It’s a big day for earnings results, with lots of big names reporting and moving the markets. Tesla, Netflix and Johnson & Johnson are just a few of the names we’ll dig into. Plus, 2023 is turning out to be the summer of strikes. Hollywood actors & writers, Canadian dock workers and the Teamsters are all on strike, or threatening to. We’ll explore how big a disruption this could pose to an already fragile economy.

Money and politics are colliding in 2 key stories today. First, a potential move to ban stock ownership by lawmakers and their staffs is forthcoming. Second, the FTC is proposing new guidelines for mega-mergers. We’ll bring you all of the details on both. Plus, shares of AT&T are bouncing back today as the company responds to reports about lead-sheathed phone lines. We’ll get a medical doctor’s explanation of just how serious the health risks of this issue are.

Congress is now holding hearings on how to regulate AI. We’ll tell you all about the 26 year old billionaire they’re listening to today. And, Microsoft shares are jumping as the company makes more AI-related announcements – including how much its going to charge for AI in office. Plus, as the economy seems to be slowing, we’ll look at the state of the online advertising business. We’ll also reveal the under-the-radar name one analyst thinks can be a winner.

Stocks are higher once again today, with the Dow heading for its 6th straight day of gains. The perfect scenario seems to be playing out, with inflation subsiding. But is it enough to keep the Fed on the sidelines? We’ll explore. Plus, we’ll discuss some bad signs for Hollywood. The strike rages on, while a crucial stretch for the box office just started off with disappointing numbers for ‘Mission Impossible.’ Can Tinseltown count on ‘Barbie’ to save the day? We’ll discuss.

Stocks are higher once again, as big banks kick off earnings season with good results. Can earnings, inflation and the Fed all continue to give the markets what they need to keep moving higher? We’ll discuss. Plus, Hollywood actors are joining writers on the picket line. The strike already threatening the fall season. And it all comes at a very vulnerable time for traditional TV and film. We’ll discuss.

Disney just gave CEO Bob Iger more time on the job, extending his contract through 2026. And one of his key moves could be taking ESPN direct-to-consumers. We’ll explore what it all means for the stock and the company. Plus, we’re just 2 months from the kickoff of football season. NFL Commissioner Roger Goodell will join us to discuss the future of streaming, sports betting, TV rights and much more.

Stocks are rallying today, after today’s CPI report backed up hopes that inflation is slowing. Will the latest Fed beige book provide more support for the idea of a “Goldilocks economy?” We’ll explore. Plus, Chinese hackers breached the email accounts of government officials. Microsoft and the government have been scrambling to assess the damage. We’ll bring you all the details.

A judge just shot down the FTC’s attempt to block the Microsoft-Activision merger. But the UK’s regulator is still holding things up. We’ll explore what it means for both Microsoft and the fate of future deals. Plus, 3M has been one of the biggest drags on the Dow so far this year, as it faces litigation and potentially huge costs. But is the bad news already priced into shares? We’ll ask an analyst who just upgraded the stock.

The Nasdaq is on pace for its 4th straight down day. Can tech stocks continue their first half rally as the Fed keeps tightening, and slowing the economy as a result? We’ll discuss. Plus, Janet Yellen just wrapped up her trip to China, which she called productive. Is the prospect of more talks enough reason to be optimistic about the U.S.-China relationship? We’ll explore.

The economy added 209,000 jobs created in June, slightly less than expected. Is that number just right to calm the markets’ fear about inflation and rate hikes? We’ll explore. Plus, Treasury Secretary Janet Yellen is expressing complaints about China’s treatment of U.S. companies. We’ll discuss that, plus what China’s new export rules could mean for chip makers.

Stocks are lower across the board today, with the Dow down more than 500 points at the session low. This morning’s jobs numbers came in too hot, leading investors to believe the Fed is going to get back to hiking rates. We’ll break down the data, and what it all means for you and your money.

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.

The Supreme Court just struck down President Biden’s plan to cancel $430 billion dollars of student loan debt. We’ll look at what this means for the economy. Plus, Apple’s market cap now tops $3 trillion, as the shares soar to a new all-time high. But the question investors have – can it go even higher from here? We’ll explore.

The debate over Tesla’s full self-driving claims is heating up again. Elon Musk thinks it’s the future of the company, and the reason the stock is valued the way it is. We’ll talk to the 2 men whose car ride is at the center of the debate. Plus, the Supreme Court just voted to outlaw Affirmative Action. Colleges can no longer use race as a factor in determining admissions. We’ll look at the fallout for both higher education and corporate America.

President Biden gave a major speech on the economy today, laying out “Bidenomics” as he tries to convince Americans to let him handle the economy for 4 more years. We’ll break down what it means for your money and the markets. Plus, Tesla shares have more than doubled this year, and analysts are starting to say it’s gone too far, too fast. We’ll talk to Toni Sacconaghi, whose price target is more than $100 per share below Tesla’s current price.

Another day, another downgrade for Alphabet shares. Is the AI hype meeting the market reality? We’ll discuss that and other tech topics. Plus, Treasury Secretary Janet Yellen is reportedly heading to China for a high-level meeting next month. We’ll talk to a former Treasury official about what she’ll try to accomplish.

Alphabet shares are falling today after a downgrade at UBS. The stock – and many others – have made big gains this year on hopes for the future of AI. We’ll talk to the analyst behind the call, who says the transition to AI search will definitely have some growing pains. Plus, we’ve got new developments in the battle over weight loss drugs, including promise for Eli Lilly and a setback for Pfizer. We’ll tell you all you need to know.

CNBC’S Seema Mody reports on Biden’s meeting with big tech CEOs. Danielle Shay, Simpler Trading VP of options, discusses big tech, opportunities in India, and more. CNBC’s Phil LeBeau reports on Ford’s plan to cut more jobs and his discussion with Fisker CEO Henrik Fisker. Plus, Boston University’s Arun Upneja and WSJ’s Allison Pohlediscuss the rise of high-risk tourism and more.

Indias Prime Minister Narendra Mody continues his U.S. visit, meeting with President Biden as well as big name tech CEOs. Amazon unveils its plan to catch up with Google and Microsoft in the AI race. Plus which companies are poised to getting a bigger chunk of the huge revenue around sports.

Mike Bailey, FBB Capital Partners, discusses what’s next for tech and the reason for the markets being down for the third straight day in a row. CNBC’s Steve Liesman reports on the latest remarks from Atlanta and Chicago Fed presidents. Plus, CNBC’s Emily Wilkins reports on the GOP’s fight against ESG investing.

China’s central bank cuts rates to boost the struggling economy, following visits to the country by Bill Gates and Secretary Antony Blinken. Plus, how retailers are dealing with shrink and frequent returns from online orders. And a hotel CEO gives his view of the economy, based on customers’ seafood choices.

Business and politics are set collide in China. Bill Gates is meeting with Xi Jinping, ahead of Secretary of State Blinken’s visit to Beijing. While many U.S. business still need China, the U.S. government seems to be increasingly worried. We’ll explore. Plus, the S&P 500 and Nasdaq hit new highs today dating back to April 2022. Now that more than just 7 stocks are participating, can the rally continue? We’ll discuss.

Microsoft Co-Founder Bill Gates is going to China, reportedly to meet with President Xi. That comes as China’s latest economic numbers show a slowing, not a strong post-Covid recovery. We’ll explore. Plus, today’s red-hot IPO is Mediterranean restaurant chain Cava, soaring in its public debut. We’ll look at the investor appetite for restaurant stocks overall right now.

“Power Lunch” is back in Washington, as we count down to the Federal Reserve’s latest interest rate decision. We’ll bring you the decision live, and ask our all-star panel to react to all the angles right up to Fed Chair Jerome Powell’s press conference.

We’re just 24 hours from the latest Fed decision on interest rates, and many market watchers think there’s cause for a pause. Today’s CPI data also showed the slowest growth in 2 years. We’ll discuss what it all means for the Fed and markets. Plus, Reddit users are shutting down parts of the site to protest new fees, as the company gears up for a potential IPO. We’ll discuss.

Stocks continue to creep higher little by little, especially in tech. But there’s something about this tech-driven rally that’s different than previous times. Could it be what finally slows the upswing? We’ll explore. Plus, New York Yankees legend Derek Jeter is getting into the clothing game. We’ll talk to him about his new sportswear line, Major League Baseball rule changes and much, much more.

Small cap stocks are now coming along with what had been a big cap rally. Does this broader participation mean the party on Wall Street can last? We’ll explore. And, just in time for grilling season: soaring beef prices. We’ll explain why it’s happening, and what it means for both inflation and the restaurant stocks. Plus, we have a power player joining for the entire hour – Tim Seymour is in studio to weigh in on these stories and much more.

Smoke from Canada wildfires is still blanketing New York City and the Northeast. We’ll look at the impact it’s starting to have on businesses that rely on customers being outside. Plus, Google says it will start cracking down on office attendance. We’ll cover that and more developments in the battle over returning to offices.

The S&P 500 is near 10-month highs, but next week’s Fed meeting is looming over the markets. Will the FOMC pause, or press on? We’ll get the take of a former Fed official, and break down what it all means for the markets and economy. Plus, reaction to the PGA Tour-LIV Golf merger was swift, and sometimes angry. But if fans and sponsors eventually look past the Saudi money, could it soon come for other U.S. sports teams? We’ll explore.

AI is everywhere right now. Apple is breathing new life into VR and the metaverse. And there’s a renewed crackdown on crypto. Which is a fad, and which is the future? We’ll debate. Plus, we’ll get a view on the consumer and the economy from the CEO of Boot Barn. Will people keep buying boots and hats if the economy enters a recession? We’ll explore.

Apple’s big WWDC event is underway. We’ll get live reports from Cupertino throughout the show as any news develops. Plus, America is having a heated debate about a controversial topic: tipping. Are we paying for service, or subsidizing workers’ salaries? We’ll debate.

Stocks are jumping today, as you add a new debt ceiling deal to a much better than expected jobs report. The economy added 339,000 jobs in May, the 29th straight month of positive job growth. While the unemployment rate rose to 3.7%. Wages rose too, though not as fast as expected. We’ll dig into what the strong labor market means for the Fed & stocks.

Investors received some important economic headlines today. ADP data came in above expectations, while manufacturing activity contracted. There’s also a big jobs report is on deck tomorrow. While Fed officials like Patrick Harker are indicating a rate “skip” could be in the cards. Because of all that, we wanted to perform some “Econ Recon” across key industries to get a better sense of the economy. We’ll explore retail, real estate, supply chains with the CEO of Prologis, and restaurants with famed chef & restaurateur Wolfgang Puck.

The Fed is releasing its beige book today. We’ll wrap up the most important insights for you. Plus, what if companies are the ones keeping prices high for their own benefit? We’ll explore the concept of “Greedflation.” And, more companies are being sucked into social debates at the center of American discourse. Are the days when corporations could appeal to all gone? We’ll debate.

Mike Mayo, Wells Fargo Securities senior banking analyst, discusses Goldman Sachs as the bank is reported to have another round of layoffs and the upside for investing in banks. Dennis Unkovic, partner at Meyer, Unkovic and Scott, discusses business leaders visiting China, China-U.S. relations and investing in the Chinese market. David Wagner, Aptus Capital portfolio manager, discusses three stocks: Nvidia, Apple and Visa. Hugh Johnson Economics’ Hugh Johnson and The Wall Street Journal’s Greg Zuckerman, discuss the ‘zen market’ and what’s keeping the market calm. Plus, David Motemaden, Evercore ISI managing director, discuss the health of the insurance sector as natural disasters impact premiums.

Artificial Intelligence is what everyone is talking about right now – from boardrooms to living rooms across the country and world. What everyone wants to know: is Microsoft or Google winning the AI race? Is ChatGPT going to replace my job? And does AI pose a real threat to humanity? We’ll discuss all of those topics and much, much more – including the industries already being disrupted, potentially changing life as we know it.

Nvidia is soaring after its AI-driven results, dragging any potential AI beneficiary up along with it. We’ll dig into the numbers, and also ask if AI is being overhyped. Plus, mortgage rates are now above 7%. And now hardly anyone is willing to move and give up their low interest rate. We’ll talk about what that’s doing to the housing market.

Federal Reserve officials were divided at their last meeting over where to go with interest rates, with some members seeing the need for more increases while others expected a slowdown in growth to remove the need to tighten further, according to the latest minutes. We’ll explore where the FOMC goes from here, and what it means for markets & the economy. Plus, champagne sales were booming coming out of the pandemic. But will the slowing economy and environment factors burst the champagne market’s bubble? We’ll ask the CEO of Moët & Chandon.

Retail earnings reports are creating a worrying picture of the consumer. But former Fed Chair Ben Bernanke says a soft landing is still possible. We’ll explore. Plus, CNBC is gathering business leaders at its CEO Council Summit. We’ll talk to the CEO of Crocs about all of the issues Wall Street is talking about right now.

Stifel’s Brian Gardner and Maya MacGuineas, The Committee for a Responsible Federal Budget, discusses the debt ceiling fight and its impact on the U.S. financial system. Yardeni Research’s Ed Yardeni and Hightower’s Stephanie Link, discuss the A.I. rally and how the technology will impact the future. Plus, Eva Ados, ER Shares chief operations officer, joins to discuss three stocks: Chevron, Nike and DraftKings.

President Biden has a busy weekend on deck. Today he’s in Japan meeting with G-7 leaders on Russia, China & more. While halfway across the world, negotiations on the debt ceiling are reportedly stalled ahead of a fast-approaching deadline. We’ll discuss. Plus, retail has a shrink problem. Theft is hitting the bottom line big time, and it’s not kids shoplifting – it’s organized crime. We’ll explore the issue.

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.”

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.

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.

CNBC’sTyler 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.

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.

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.

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.

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.

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.

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.