The Exchange

Navigating Rising Rates and the Trump-Xi Summit 9/24/26

Long-term yields above 5% present a good deal of “shock value” to the markets, but are likely over-rated as a driver of the economy, according to CIO Group’s Steven Wieti

Yields Jump, A High-Stakes Visit, and Lefrak’s Real Estate Warning 9/23/26

Yields, and rate hike expectations, climb on strong manufacturing data. With President Trump pushing back on creating a global entity for AI oversight, will a visit from

Inspiring the AI Trade, Peloton Product Launch, and Muni Bonds to the Rescue? 9/22/26

Meta’s Muse is a hit with Main Street, but is the next phase of AI enough to keep the trade alive on Wall Street? Peloton launches a new suite of products. Plus, how muni

AI Stocks Rally, Meta’s Muse Moment, Nike’s Swoon 9/21/26

The Nasdaq is climbing 2% as semiconductors and tech stocks rally. Meta having its third-best month on record amid investor optimism about its Muse personal agent app. An

Nvidia Too Cheap to Ignore?, AI Safety Debate, Apple’s iPhone Launch 9/18/26

Our market guest’s favorite big AI name used to be Microsoft but now says Nvidia is too cheap to ignore. Plus, the AI safety debate is heating up in Washington and across

A Post-Rate-Hike World, a C-Suite Warning, and a Former Treasury Secretary 9/17/26

Stocks higher, yields lower as markets digest the first Fed rate hike in three years. The CEO of Sentinelone says AI labs are engaging in “self-serving marketing.” Plus,

Countdown to the Fed Decision 9/16/26

Ahead of the Fed’s decision on interest rates, Kelly Evans and Brian Sullivan sit down with lawmakers, former Fed Presidents, and investing heavyweights from Washington D

Yields Surge, The Fed vs. Oil, and a Predictions Pop 9/15/26

The yield on 10-year notes hitting the highest level since 2007 ahead of the Fed decision. Jefferies’ David Zervos expects a more dovish Warsh and says the market is wron

“Pace the Frontier,” The Case for a Cut, and Healing Healthcare 9/14/26

After Anthropic’s Dario Amodei calls to “pace the frontier” on AI, one of the researchers who discovered OpenAI’s hack of a German website says slowing U.S. model develop

Hikes on the Horizon, Diesel Distress and Remembering September 11 9/11/26

JPMorgan’s Michael Feroli raising his rate hike forecast to two this year after inflation comes in slightly hotter than expected. What record high diesel prices mean for

Bond Bonanza, Driving Oil Action, A GOP Guarantee? 9/10/26

Yields continue higher, and on the heels of a strong 30-year bond auction, Rick Santelli says it’s “war, not Warsh” moving rates. Real Macro’s Jeff Currie on the “toxic”

Crude’s “Crash Diet,” Tariff Tiff, and Hold off on a Hike? 9/8/26

West Texas crude reapproaching $100 a barrel, and while Middle East tensions are ramping, Rapidan’s Bob McNally says China is also playing a big role in driving up prices

Jobs Jolt, Hugging Face’s First Investor, and Where the Pricing Power Is 9/4/26

With markets pricing in a rate hike in September after a strong August jobs report, Steve Liesman and KPMG’s Diane Swonk weigh in on whether Chair Warsh’s ‘forward silenc

Nvidia Buys Hugging Face, AI Outages, and Data Center Dissent 9/3/26

Nvidia will buy open-source AI platform Hugging Face for nearly $13B. BofA’s Vivek Arya says that will extend Nvidia’s sphere of influence well beyond Silicon.  Meanwhile

The Great Data Center Debate, Apple’s New Era, and Not Swooning in September 9/2/26

As West Virginia says ‘yes’ to data centers, Governor Patrick Morrissey is focused on clean water and keeping energy costs low. Steve Jobs biographer Walter Isaacson want

Hike vs. Cut, FTC Chair on Amazon Lawsuit, and Why Electricians Love Data Centers 9/1/26

Investor Barry Knapp makes the case for a Fed rate cut with global yields back on the rise. FTC Andrew Ferguson on the agency’s new lawsuit against Amazon. Plus, an offic

Renewed Iran Tensions, Colorado’s Data Center Fight, and the Summer Software Surge 8/31/26

The US striking Iran for the first time in a month as the G20 kicks off and Secretary Bessent says the administration can keep the pressure on without China’s help. Color

Warsh at Jackson Hole, Retail Roundup, and Treasury Trouble? 8/28/26

Fed Chair Kevin Warsh striking a hawkish tone in his first speech at Jackson Hole, saying there’s more work to do on inflation and former Boston Fed President Eric Roseng

Nvidia’s Record Quarter, Connecticut Sues Kalshi, and So Long, SaaSpocalypse? 8/27/26

The AI trade roaring back on the heels of Nvidia’s blowout earnings and strong guidance. Connecticut Governor Ned Lamont on the state’s suit against Kalshi, the impact of

Nvidia Earnings, A Winter Warning, and China’s Government Hack 8/26/26

The key metrics to watch in Nvidia’s earnings—and why a guidance hike could be on the way. As oil prices continue to fluctuate amid Middle East tensions, RBC’s Helima Cro