Power Lunch

Tyler Mathisen is live at the 2024 Uncharted Summit in the Hamptons. In this hour we’ll speak to some of the market professionals, investors and business leaders gathered at the event to talk about stocks, VC funding and the future of AI. Plus, Nvidia is lower for a second-straight day. Yesterday the stock hit an all-time intraday high. And at current levels, it’s just short of a 10% correction in just over 24 hours. We’ll discuss what that means for the broader market. 

Amid Nvidia’s record run, the stock market concentration has piled into just a handful of big tech names and some leveraged ETFs…but not much else. We’ll discuss the ramifications.Plus, sales of electric vehicles have begun slowing down, but used EV sales are actually charging up. We’ll dig into why that is with Erin Keating of Cox Automotive.

Boeing’s CEO is testifying before congress, with many expecting the aerospace executive to face a thrashing from lawmakers. We’ll bring you the key details.Plus, Canaccord Genuity is bullish on E.L.F. Beauty, seeing 30% upside in the shares. And that’s despite signs of a weakening consumer. We’ll speak to the analyst behind the call.

Forget the “Magnificent 7” – right now, it’s all about the ‘Big 3’: Apple, Microsoft and Nvidia. They represent nearly $10 trillion market value combined, nearly 25% of the entire S&P 500. But which of these 3 stocks is best positioned to reach $4 trillion and beyond? We’ve got 3 market bulls standing by to make their case. Plus, Bryson DeChambeau pulled off a dramatic victory at this weekend’s U.S. Open. He’ll join us to talk about his win, the current state of golf and more. 

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 Federal Reserve kept its key interest rate unchanged, and signaled that just one interest rate cut is expected before the end of the year.With markets hoping for a more accommodative central bank, FOMC policymakers took two rate reductions off the table from the three indicated in March. We’ll break down exactly what that means for markets and your money, right up until Fed Chair Powell’s press conference.

The Fed’s latest decision on interest rates is now less than a day away. And when the year began, many experts were expecting several rate cuts this year. And now we may not even get one.One criticism of the FOMC: it’s made up of only economists. So we put together our own “Mock Fed” consisting of market experts, former Fed officials and a real estate mogul. We’ll reveal what THEY think should happen with monetary policy right now.

Apple’s annual Worldwide Developer’s Conference keynote just wrapped up. The company had a lot of news, the biggest of which was its push into AI, called ‘Apple Intelligence.’It also announced that users can tap into OpenAI’s ChatGPT when using Siri, but only if a user wants to. We’ll bring you the key highlights from the event.Plus, you can’t talk about AI without addressing demand for chips. Nvidia began trading on a split-adjusted basis today, while rival AMD is one of today’s worst performers.

May’s surprising pace of job growth and wage rise added to the conviction that the Fed will stay on hold with interest rates through this summer -- and possibly beyond. We’ll discuss. Plus, Keith Gill, better known as “Roaring Kitty,” hosted his first livestream since the meme stock craze that took place three years ago. We’ll bring you the key highlights of what he said. 

The FTC and DOJ are set to open antitrust investigations into Microsoft, OpenAI and Nvidia, examining the companies’ influence on AI, a source familiar confirmed to CNBC. We’ll get the key details.Plus, shares of Boot Barn are up 65% this year thanks in part to a boost to western culture from Beyoncé’s new country-inspired album. We’ll talk to the CEO about that and more.

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.

Trump-era tax cuts are set to expire next year, creating a $4 trillion dollar question with huge implications for the economy. We’ll discuss what it means for the 2024 presidential race.Plus, Elon Musk is responding to reports that Tesla bought AI chips from Nvidia, but he ordered them to be shipped to two of his other companies instead. We’ll get the latest details.

The Dow is lower today after weak U.S. manufacturing data raised concerns about the strength of the economy. Banks, industrials and other shares dependent on economic growth led the pullback.But Wall Street is coming off a strong month, with all three major averages notching their sixth positive month in seven. Is today’s action just a blip? We’ll ask our experts. 

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.