The Exchange

A court hearing ended without a judge ruling on Lisa Cook’s request to temporarily bar Pres. Trump from firing her. We’ll look at the next steps in her legal battle. Plus, retail earnings season rolls on, but a lot of companies are warning about the tariff impact ahead of the holiday season. And AI is climbing the corporate ladder, no longer just coming for entry-level jobs.

Robert Primus, a member of the Surface Transportation Board, shares his insights on the regulatory landscape surrounding the proposed Norfolk Southern and Union Pacific merger. He discusses the implications of Trump's administration's move to close a shipping loophole and its impact on consumer prices. Primus also reveals his plans to challenge his recent termination while emphasizing the need for independence in federal boards. With a focus on the chip industry, they explore Nvidia's market positioning amidst evolving AI dynamics.

Aaron Levy, co-founder and CEO of Box, joins to discuss the evolving landscape of AI and data management in enterprise settings. He dives into how government investments are reshaping innovation in the tech sector, particularly in defense. Levy highlights the challenges of legacy data systems and the role AI plays in enhancing productivity for small businesses. Additionally, the conversation touches on the implications of increasing nationalism in venture capital and the importance of secure data access amidst rising market dynamics.

In this discussion, Steve Leisman, a CNBC reporter focused on the legal ramifications of President Trump's move to dismiss Federal Reserve Governor Lisa Cook, shares insights on the implications for the Fed's independence. Joining him is Rebecca Kelly Slaughter, an FTC Commissioner who has faced similar threats, detailing her own legal struggles. Together, they explore the fallout of potential presidential overreach, the economic uncertainties affecting consumer confidence, and what these developments mean for market stability.

What the options market is saying about Nvidia’s post-earnings move. President Trump saying the government could take stakes in more companies. Plus, just how much AI could create in market value over the long-term, according to Morgan Stanley. 

Fed Chair Powell paving the way for a September rate cut, sparking a rally on Wall Street and helping to boost tech after some rough sledding. We dig into what to expect from the Fed after the next meeting and how to position. Plus, BofA’s Savita Subramanian changing course on one segment of consumer stocks after being bullish for two years

Former Fed Governor Larry Lindsey weighs in on the chance of a September cut. We look at where traders are buying the recent weakness in momentum stocks. Plus, it’s a bird, it’s a plane…no, it’s a burrito!

Barclays not expecting a September rate cut. Their strategist tells us how to play a potential Powell hawkish surprise at Jackson Hole. Target has a new CEO, but the same issues. Plus today’s AI spending may look like the Internet boom of the ‘90’s, but there’s a key difference this time around. 

In this discussion, Christina Parsinevila, a Nasdaq reporter with a keen eye on investment trends, dives into the recent dynamics of chip stocks and the Federal Reserve's potential decisions. She highlights the challenges faced by Intel amidst political influences and inflation concerns. The conversation shifts to Viking Therapeutics’ disappointing weight-loss drug trials, drawing interesting comparisons to competitors like Eli Lilly and Novo Nordisk. Parsinevila also explores the current landscape of mega-cap tech stocks and undervalued opportunities in the market.

Chip stocks under pressure following weak guidance from equipment maker Applied Materials. Intel the notable exception on a report that the U.S. government is looking to take a stake in the chipmakers. Our trader tells us which semi stocks he’s buying. Plus, United Health sharply higher after Berkshire Hathaway revealed a stake of five million shares, worth about $1.6 billion. We dive into that move and more.