Power Lunch

Stocks are moving between gains and losses as investors weigh rising yields and a report of the U.S. and Iran potentially reaching a deal to reopen the Strait of Hormuz.
Kelly Evans and Brian Sullivan open the show by discussing the impact the conflict in the Middle East is having on U.S. markets with Rochefort Asset Management Founder and Co-CEO, Kyle Bass. He emphasized the importance of shutting down the IRGC’s ability to access capital as the global sanctions have become a key issue complicating the relations between the U.S. and China.
Harris Oakmark’s David Herro then joins the anchors on set to break down his best stock picks for investors given the recent rise in treasury yields and the possibility of another interest rate hike at October’s Federal Reserve meeting.
Oracle shares are falling after the company reportedly sent a “force majeure” notice to the developer of its data center project in New Mexico. D.A. Davidson Head of Technology Research, Gil Lauria, weighs in on what long-term impact this might have on shares and the rest of the AI data center sector.

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The Nasdaq is retreating from Tuesday’s record levels, and the other major averages are falling as the 10-year yield rises to a 19-year high.
Brian Sullivan and Kelly Evans are joined on-set by Goldman Sachs’ Brook Dane to recap Meta’s recent run as shares are on pace for their best month in 13 years following the launch of the company’s new AI agent.
CNBC’s Jon Fortt joins the sow with a “First On” interview with Qualcomm CEO, Cristiano Amon, to discuss the launch of his company’s latest Snapdragon chipset.
Meanwhile, the anchors sit down for an exclusive interview with Former OpenAI employee, Zack Kass, to hear his take on the state of AI safety and his outlook for the industry as both OpenAI and Anthropic gear up for their potential IPOs.

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Stocks are moving mostly higher with the Nasdaq Composite rising to a new all-time intraday high on Tuesday.
Kelly Evans and Brian Sullivan are joined on-set by Citi’s Head of U.S. Equity Trading Strategy, Stuart Kaiser, for an extended conversation on the state of the markets and his outlook for global treasury yields and energy prices.
CNBC’s Kate Rooney breaks in with the latest headlines on OpenAI’s new AI agent models with updated capabilities and lower costs.
Michael Bucella, Neoclassic Capital Founder, also joins the program to recap Bitcoin’s recent runup following Washington’s recent vote on the crypto Clarity Act.

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Stocks are rising to start the trading week as technology leads the markets higher with oil prices and treasury yields falling slightly.
Brian Sullivan and Contessa Brewer are joined on set by Fundstrat’s Tom Lee to discuss whether the major averages are poised for a rally, and Freedom Capital’s Jay Woods also joins the conversation to give the technical perspective.
Morgan Stanley’s Head of Power and Utilities Research, Stephen Byrd, sits down with the anchors to weigh in on the outlook for global power demand as diesel prices hit a new nationwide record high.
CNBC’s Leslie Josephs calls into the show with her latest reporting on the flight disruptions at Newark, Laguardia, and other major east coast airports following an air traffic control malfunction.

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Stocks are little changed on Friday as the major averages close out a volatile week on Wall Street.
Kelly Evans and Brian Sullivan speak with GasBuddy Head of Petroleum Analysis, Patrick De Haan, about the rising price of diesel fuel and when consumers can expect the recent surge to rise above the historic inflation-adjusted record.
Interactive Brokers’ Steve Sosnick also joins the anchors on set to lay out his “wall of worry” for the markets and provide his latest forecast for stocks and bonds through the end of the year.
Meanwhile, Forgent CEO, Gary Niederpruem, joins the show for an exclusive interview to discuss the state of the AI data center buildout and whether the recent backlash from the public over potential safety concerns is justified.


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