Power Lunch
@PowerLunch
Your midday look at the top business stories with @SullyCNBC and @KellyCNBC. Weekdays at 2p ET on CNBC.
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Is the rally about to pop like the dot-com bubble?
Citi’s @stuartlkaiser weighs in as the S&P 500 nears record highs — even as market breadth weakens. $SPY
NEWS ALERT: OpenAI unveils new, cheaper Sol and Luna models as AI price competition intensifies. @Kr00ney has the details.
⚡️New Power Insider is out now⚡️
Where is oil headed? Even Wall Street doesn’t know.
@SullyCNBC breaks down the uncertainty around Iran and oil — plus why analysts agree on $CVX, and how a potential diesel export ban could backfire.
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Kalshi is seeking approval from the Commodity Futures Trading Commission to allow some traders to use leverage on its prediction markets.
Trump is expected to pressure Ukrainian President Volodymyr Zelenskyy to agree to an energy truce with Russia in a meeting today.
Could a "face ripper" rally be coming soon?
@fundstrat's Tom Lee and Freedom Capital Markets' @JayWoods3 explain why investors should be bullish. $SPY
Can energy companies meet AI's power demand?
@MorganStanley's Stephen Byrd explains how the AI boom will impact utilities. $CIFR $HUT $WULF
“My greatest concern right now is what I’m calling a pandemic of fear,” says @PeterDiamandis, pushing back on AI extinction concerns. "Fear is a terrible place to face the future from."
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Volkswagen is ejected from the Euro Stoxx 50 index, replaced by Finland’s Nokia as it rides the AI boom.
Bitcoin surpassed $85,000 early this morning, hitting its highest level since late January. $BTC
Treasury Secretary Scott Bessent said his meeting with Chinese Vice Premier He Lifeng was “successful” ahead of the Sept. 24 Trump-Xi summit.
"The market is clearly voting today and saying this was a good decision."
@apolloglobal's Torsten Slok explains why he thinks the Fed's rate hike yesterday was the right move.
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“I’ve got nothing for you,” Fed Chair Kevin Warsh says when asked about President Trump’s calls for lower interest rates.
BREAKING: The Fed announced it's raising interest rates 0.25%.
Tune into CNBC for more.
Walmart just suffered its worst week since 2022. Is the sell-off a buying opportunity? Evercore ISI’s Greg Melich weighs in. $WMT
Ken Griffin told clients Citadel has shed more than 80% of the risk tied to the portfolio it acquired from Leopold Aschenbrenner’s Situational Awareness.
Conflicting reports are swirling over just how many ships are making it through the Strait of Hormuz. @Vortexa’s David Wech separates the signal from the noise.
⚡️New Power Insider is out now⚡️
Is Europe facing an energy crisis?
@SullyCNBC breaks down why natural gas supplies are under pressure — plus a new pipeline that could help lower California gas prices.
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A new report found New York’s office market is home more tech workers than San Francisco’s for the first time in 13 years of the analysis.
Private equity firm Arctos has agreed to buy 10% of the Atlanta Falcons in a deal with an enterprise value of $10.6 billion. @MikeOzanian has the details:
