# The Exchange "The Exchange" on CNBC is a one-stop shop for the day's top business stories, along with breaking news and the must-see market movers heading into the back half of the trading day. This newsroom-based program also features lots of original reporting, in-depth conversations and showcases CNBC's award-winning investigative work. Page: Feed: --- ## [Global Bond Rout, Meta’s Landmark Trial, and Anthropic’s Revenue Surge 8/18/26](https://www.cnbc.com) _2026-08-18 · CNBC_ Yields around the world hitting multi-decade highs as bond vigilantes go to work. The Verge’s Nilay Patel says Meta’s federal child-harm trial is the social media platform’s “Microsoft moment.” Plus, Anthropic pulls back the curtain on its financials as it prepares to go public. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal… [Listen](https://dts.podtrac.com/redirect.mp3/cnbc.simplecastaudio.com/6238655f-ae42-419d-a14c-edccbf577d8e/episodes/e981e6ab-35ae-4326-af48-157e82ec3e5e/audio/128/default.mp3?aid=rss_feed&awCollectionId=6238655f-ae42-419d-a14c-edccbf577d8e&awEpisodeId=e981e6ab-35ae-4326-af48-157e82ec3e5e&feed=tc4zxWgX) ## [Retail Ramp-Up, Chinese Tech Catalysts, and a Bitcoin breakout? 8/17/26](https://www.cnbc.com) _2026-08-17 · CNBC_ The retailer Morgan Stanley says could go from laggard to leader in the second half. After the 2020 clamp down, can China woo tech investors back? Plus, the bullish set-up for Bitcoin. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising. [Listen](https://dts.podtrac.com/redirect.mp3/cnbc.simplecastaudio.com/6238655f-ae42-419d-a14c-edccbf577d8e/episodes/57124910-cf24-4b72-839a-0dbaba1bab29/audio/128/default.mp3?aid=rss_feed&awCollectionId=6238655f-ae42-419d-a14c-edccbf577d8e&awEpisodeId=57124910-cf24-4b72-839a-0dbaba1bab29&feed=tc4zxWgX) ## [Bubble Beacons, Prediction Friction, and a Data Center Disconnect 8/14/26](https://www.cnbc.com) _2026-08-14 · CNBC_ Semis are in a bubble, according to Citi’s indicator. Former Assistant AG Jonathan Kanter on prediction markets’ legal hurdles. Plus, the disconnect between investors and developers when it comes to data center moratoriums. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising. [Listen](https://dts.podtrac.com/redirect.mp3/cnbc.simplecastaudio.com/6238655f-ae42-419d-a14c-edccbf577d8e/episodes/9c0914ff-15b8-455f-b7c6-808ee8d227a6/audio/128/default.mp3?aid=rss_feed&awCollectionId=6238655f-ae42-419d-a14c-edccbf577d8e&awEpisodeId=9c0914ff-15b8-455f-b7c6-808ee8d227a6&feed=tc4zxWgX) ## [S&P 500 Milestone, Zuckerberg’s AI Manifesto, Anthropic’s Power Deal 8/13/26](https://www.cnbc.com) _2026-08-13 · CNBC_ The benchmark index crossing 7,800 for the first time ever as new inflation data comes in softer than expected. Plus, early Facebook investor Roger McNamee calls Meta CEO Mark Zuckerberg’s AI manifesto a piece of science fiction. And Anthropic is inking a deal with ERock to power their AI infrastructure. We speak exclusively with ERock’s CEO about the agreement. Hosted by Simplecast, an AdsWizz… [Listen](https://dts.podtrac.com/redirect.mp3/cnbc.simplecastaudio.com/6238655f-ae42-419d-a14c-edccbf577d8e/episodes/3b66187a-e551-4d10-9ddc-b0f05e33d116/audio/128/default.mp3?aid=rss_feed&awCollectionId=6238655f-ae42-419d-a14c-edccbf577d8e&awEpisodeId=3b66187a-e551-4d10-9ddc-b0f05e33d116&feed=tc4zxWgX) ## [The Exchange 8/12/26](https://www.cnbc.com) _2026-08-12 · CNBC_ Listen to the day's top stories, the must reads & a whole lot more for today's modern investor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising. [Listen](https://dts.podtrac.com/redirect.mp3/cnbc.simplecastaudio.com/6238655f-ae42-419d-a14c-edccbf577d8e/episodes/ad94d5bc-0b9f-423e-89a9-5f622504cdb6/audio/128/default.mp3?aid=rss_feed&awCollectionId=6238655f-ae42-419d-a14c-edccbf577d8e&awEpisodeId=ad94d5bc-0b9f-423e-89a9-5f622504cdb6&feed=tc4zxWgX) ## [Compute an Asset Class?, Two Wars Becoming One?, and Existing Home Sales Slump 8/11/26](https://www.cnbc.com) _2026-08-11 · CNBC_ Nvidia just lined up $500 billion in funding from some of the biggest financiers in the world. Does this mean compute is now its own asset class? Plus, analysts warn the Iran war could merge with the Russia-Ukraine war. Could the US end up pulling out of the Middle East altogether? And existing home sales dropped in July. Are buyers starting to get the upper hand? Hosted by Simplecast, an AdsWizz… [Listen](https://dts.podtrac.com/redirect.mp3/cnbc.simplecastaudio.com/6238655f-ae42-419d-a14c-edccbf577d8e/episodes/a12cea6b-17f0-4437-bcec-1985f4cc76e6/audio/128/default.mp3?aid=rss_feed&awCollectionId=6238655f-ae42-419d-a14c-edccbf577d8e&awEpisodeId=a12cea6b-17f0-4437-bcec-1985f4cc76e6&feed=tc4zxWgX) ## [Take a Three-Quarter Point Hike, Food Safety Changes, and Grab the Chips 8/10/26](https://www.cnbc.com) _2026-08-10 · CNBC_ Sticky inflation has Bank of America predicting 75 basis points of Fed hikes this year. Acting FDA Commissioner Kyle Diamantas on a rule change for ingredients and the ongoing foodborne illness outbreaks. Plus, the name trader Jeff Kilburg is buying on the dip. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for… [Listen](https://dts.podtrac.com/redirect.mp3/cnbc.simplecastaudio.com/6238655f-ae42-419d-a14c-edccbf577d8e/episodes/7dc91916-a7e7-4b96-bc6f-c322d5bbda13/audio/128/default.mp3?aid=rss_feed&awCollectionId=6238655f-ae42-419d-a14c-edccbf577d8e&awEpisodeId=7dc91916-a7e7-4b96-bc6f-c322d5bbda13&feed=tc4zxWgX) ## [Weak Jobs Report, AI Model Fears, and the Data Center Economy 8/7/26](https://www.cnbc.com) _2026-08-07 · CNBC_ Does July’s weak jobs report change the Fed’s rate path? OpenAI is pausing the rollout of its upcoming model due to “cyber capabilities.” Plus, the data center economy and the three sectors our market guest is bullish on because if it. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising. [Listen](https://dts.podtrac.com/redirect.mp3/cnbc.simplecastaudio.com/6238655f-ae42-419d-a14c-edccbf577d8e/episodes/695052f0-eef9-4a4f-8463-9af78e61086d/audio/128/default.mp3?aid=rss_feed&awCollectionId=6238655f-ae42-419d-a14c-edccbf577d8e&awEpisodeId=695052f0-eef9-4a4f-8463-9af78e61086d&feed=tc4zxWgX) ## [Memory’s Next Move, Google’s Fork in the Road, Countdown to July Jobs Report 8/6/26](https://www.cnbc.com) _2026-08-06 · CNBC_ Sandisk and Western Digital drop following results. We look at how position within the memory trade. Plus, Alphabet has to make a tough decision between AI talent and cloud computing dominance. And we’re counting down to tomorrow’s jobs report with a look at hiring and the labor market. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of… [Listen](https://dts.podtrac.com/redirect.mp3/cnbc.simplecastaudio.com/6238655f-ae42-419d-a14c-edccbf577d8e/episodes/9a3a462e-b72e-4ca9-83dd-461d55c6cba3/audio/128/default.mp3?aid=rss_feed&awCollectionId=6238655f-ae42-419d-a14c-edccbf577d8e&awEpisodeId=9a3a462e-b72e-4ca9-83dd-461d55c6cba3&feed=tc4zxWgX) ## [Meet Claude, an AI assistant (Sponsored)](https://crawlproof.com/a/lpc19w4VJSZo) _2026-08-06 · **Sponsored**_ Chat with Claude at claude.ai — a conversational AI assistant. ## [SpaceX Sinks, AI’s Bad Behavior, 3 Rate Hikes this year? 8/5/26](https://www.cnbc.com) _2026-08-05 · CNBC_ One of Wall Street’s first SpaceX bears joins us on the heels of the company’s debut quarterly results. Anthropic’s Mythos makes headlines for its bad behavior. And two prominent voices in the business world see a path toward 3 rate hikes this year. Hosted by Simplecast, an AdsWizz company. 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