Show Notes
October 28, 2026; 2pm: CNBC panelists and Fed Chair Kevin Warsh break down the FOMC’s decision to hold rates at 3.75% to 4%, citing elevated inflation, resilient growth, and the need to accumulate more information. The key takeaway: politics did not factor into the hold, while AI-driven investment, oil prices, financial conditions, and inflation credibility remain central to the Fed’s next move.
More from Power Lunch
October 30, 2026; 2pm: Power Lunch breaks down a sharp tech and AI-stock sell-off, with Intel plunging, the Nasdaq 100 falling more than 3%, and investors rotating into energy, health care, consumer staples and other defensive sectors. Guests weigh whether the decline is panic, forced selling or a buying opportunity as oil, private credit and marine insurance risks add to market uncertainty.
Brian Sullivan and Kelly Evans speak with U.S. Energy Secretary, Chris Wright, as the Department of Energy continues to expand America’s nuclear power capacity amid rising energy prices. Landsberg Bennett Private Wealth Management’s Michael Landsberg joins the anchors on set to lay out his top stock picks for investing during a volatile market environment given the Vix’s recent 20% spike. Nucor CEO, Leon Topalian, also speaks with the anchors in an exclusive interview breaking down his company’s most recent quarterly earnings report.
Stocks are higher across the board as semiconductor makers rally after Anthropic’s IPO filing revived enthusiasm for the artificial intelligence trade. Kelly Evans and Brian Sullivan are joined on-set by Yardeni Research President, Ed Yardeni, and Oppenheimer Head of Technical Analysis, Ari Wald, to give their investing strategies ahead of a busy slate of tech earnings and the Fed’s interest rate decision on Wednesday afternoon. CNBC’s Leslie Picker reports on the latest from Anthropic’s S-1 filing and Yorkville Ives & Co’s Dan Ives joins the anchors on set to break down some of the latest tech headlines from Meta, Microsoft, and Alphabet. Later, Monica Guerra, Morgan Stanley Wealth Management Head of Policy, provides her investing playbook with just over a week to go until the midterm elections as Democrats look to take back both chambers of Congress from Republicans.
The markets are falling to end the trading week as defensive stocks within consumer staples, utilities, and healthcare sectors are all lower.
Stocks are tumbling on renewed concerns around spending by artificial intelligence companies, while oil prices jump as geopolitical tensions rise.