Show Notes
October 29, 2026; 2pm: Power Lunch breaks down Alphabet’s AI-driven sell-off, market rotation, EQT’s Range Resources deal, Crocs’ earnings surge and Ice Cube’s plan to take Big3 public. The key takeaway: investors are questioning AI monetization and capex, but guests point to pockets of strength in energy, consumer stocks, small caps and sports media.
More from Power Lunch
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.
Tech stocks are leading the markets higher as the latest developments surrounding SpaceX and Tesla lead investors to move back into technology. Brian Sullivan and Kelly Evans are joined on set by Schwab Center for Financial Research Head of Macro & Strategy, Kevin Gordon, who gives a broader look at the state of the markets following SpaceX’s strong quarterly results as Tesla gears up to report after-the-bell. LightShed TMT Analyst, Walter Piecyk, joins the show to discuss why he believes SpaceX’s StarLink business can pose a problem to legacy telecommunication companies like Verizon and AT&T. Later on, Terry Duffy, CME Group CEO, chats with the anchors about his company’s latest earnings report and his forecast for global bond yields amid the political unrest happening across Europe and beyond.