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Artwork for The Exchange

The Exchange

CNBC
Federal Reserve
NVIDIA
Artificial Intelligence
Openai
Oil
Bitcoin
Oil Prices
Iran
Housing Market
China
Apple
Consumer Spending
Labor Market
Meta
Microsoft
Semiconductors
Amazon
Inflation
Cryptocurrency
Tesla

"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.

PublishesDailyEpisodes1779Founded15 years ago
Number of ListenersCategories
InvestingBusinessNews

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Artwork for The Exchange

Latest Episodes

Fed Chair Kevin Warsh striking a hawkish tone in his first speech at Jackson Hole, saying there’s more work to do on inflation and former Boston Fed President Eric Rosengren agrees. Peterson Institute’s Adam Posen calls the Treasury’s increased bond ... more

The AI trade roaring back on the heels of Nvidia’s blowout earnings and strong guidance. Connecticut Governor Ned Lamont on the state’s suit against Kalshi, the impact of Canadian tariffs, and how to lower energy costs for New Englanders. Plus, Anthr... more

The key metrics to watch in Nvidia’s earnings—and why a guidance hike could be on the way. As oil prices continue to fluctuate amid Middle East tensions, RBC’s Helima Croft is concerned about a different commodity ahead of cooling temperatures. Plus... more

A former Disney executive’s warning for media M&A as Paramount’s takeover of WBD sits in limbo. Technician Katie Stockton returns to discuss Bitcoin’s recent rally after calling the bounce last week. Plus, sports superagent Drew Rosenhaus on his clie... more

Key Facts

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Recent Guests

Mitch Daniels
Former OMB director, former governor of Indiana, current interim president of Purdue University
Purdue University / Former U.S. OMB
Episode: Bessent’s Bond Battle, Go Broad Not Bearish, and Stripe’s Strategy 8/20/26
Dan Primack
Business editor at Axios
Axios
Episode: Bessent’s Bond Battle, Go Broad Not Bearish, and Stripe’s Strategy 8/20/26
Matt McLennan
Head of global value team at First Eagle Investments
First Eagle Investments
Episode: Bessent’s Bond Battle, Go Broad Not Bearish, and Stripe’s Strategy 8/20/26
Sanjay Marotra
Micron CEO (as referenced in interview context)
Micron Technology
Episode: Bessent’s Bond Battle, Go Broad Not Bearish, and Stripe’s Strategy 8/20/26
Gina Hinojosa
Democratic candidate for Texas governor; state representative
Texas politics
Episode: The Exchange 8/19/26
Annika Kim-Constantino
CNBC correspondent
CNBC
Episode: The Exchange 8/19/26
Michael Yee
Global head of biotech equity research
UBS
Episode: The Exchange 8/19/26
Keith Lansford
Host of Schwab Market Update
Charles Schwab
Episode: The Exchange 8/19/26
Rick Santelli
Bond watcher, CME expert
CNBC/Chicago Mercantile Exchange
Episode: Global Bond Rout, Meta’s Landmark Trial, and Anthropic’s Revenue Surge 8/18/26

Host

Kelly Evans
Host of The Exchange

Reviews

4.1 out of 5 stars from 492 ratings
  • Kelly as Host—absolutely the optimal choice.👌

    She commands the format, elevates the discussion, and makes the show/podcast an addiction for those interested in markets. She radiates ambition in doing this while being a super busy parent.

    Apple Podcasts
    5
    Mrbuttons704
    United States9 months ago
  • 好用

    练习听力必备app!

    Apple Podcasts
    5
    Chen Aden
    Chinaa year ago
  • Chose the interview partners more wisely

    I honestly like CNBC, but bringing Lutnick on air and not challenging his answers, which obviously cringe anybody with a mediocre intellect earned you a one star rating.

    Apple Podcasts
    1
    nickhjj
    South Koreaa year ago
  • Love KE AX SL

    I love Kelly . She is level headed . Steve L is annoying . The reason the tariff calculation has never been used is because the US is the only country being REEMED and so it’s never had to be applied . The tariffs are justified and I believe they are great and we can stop being abused by other countries . He never talks about the imbalance he just casts shadows bc he is biased and tries to hide it . Kelly asks logical questions and makes useful points. Steve L should just zip it .

    Apple Podcasts
    4
    RieVa123
    United Statesa year ago
  • Leave the liberal bias at the door

    Kelly needs to cool her liberal bias. It’s very off putting and often inspires me to turn off the show

    Apple Podcasts
    2
    PAC NW Mike
    United Statesa year ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Some listeners feel interruptions can derail guests and slow down insights.
Guest diversity and financial insight are praised, with occasional critiques about bias or balance.
Audience notes strong coverage of AI, memory chips, and macro context as differentiators.
Host keeps the pace fast and asks sharp questions, making complex topics actionable.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Talking Points

Recent interactions between the hosts and their guests.

Retail Ramp-Up, Chinese Tech Catalysts, and a Bitcoin breakout? 8/17/26
Q: What is the current posture of China toward AI innovation and how might it affect global AI leadership?
China is continuing to push AI development with policy support and domestic self-reliance, emphasizing cloud-based AI revenue and domestic enterprise adoption, which could create a competitive alternative to U.S. AI leadership especially in cloud services and enterprise AI deployments.
Global Bond Rout, Meta’s Landmark Trial, and Anthropic’s Revenue Surge 8/18/26
Q: What is the potential impact of Meta's trial on its business model?
Nilay Patel suggests the case could force a reevaluation of data practices and could influence how platforms balance engagement with regulatory risk, potentially affecting advertising revenue and user trust.
Global Bond Rout, Meta’s Landmark Trial, and Anthropic’s Revenue Surge 8/18/26
Q: How big of a deal is this global bond rout and what could trigger a further move?
Experts emphasize that while it is significant, the situation is not yet catastrophic; the key is watching central bank policy, debt accumulation, and the liquidity conditions that could trigger volatility.
S&P 500 Milestone, Zuckerberg’s AI Manifesto, Anthropic’s Power Deal 8/13/26
Q: What is the overall concern Roger McNamee raises about Zuckerberg's manifesto?
He argues that the manifesto is a PR play to present Meta as an AI leader while potentially undermining broader open-source AI initiatives, and he urges investors to question whether the moves truly benefit shareholders or simply shift power.
Memory’s Next Move, Google’s Fork in the Road, Countdown to July Jobs Report 8/6/26
Q: How does the current memory margin cycle affect stock valuations for Sandisk and similar names?
Analysts expect margins to normalize rather than stay at peak levels, which could lead to lower earnings power than investors previously anticipated, prompting price target adjustments and a cautious stance on further upside.

Audience Metrics

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Frequently Asked Questions About The Exchange

What is The Exchange about and what kind of topics does it cover?

A brisk, market-focused program that blends live macroeconomics with tech and AI stock discussions. Episodes routinely tackle how AI spending, memory chips, and cloud infrastructure shape big-name equities, alongside Fed policy, inflation signals, and geopolitical risks. Notable is the panel's habit of stitching together macro context, company-level earnings, and regulatory debates into a cohesive market narrative, often with high-profile tech and finance guests. The format tends to mix immediate market color with deeper dives into AI governance, capital allocation, and the evolving AI-enabled economy, making it valuable for listeners who want practical takeaways on where technology and policy intersect with markets.

Where can I find podcast stats for The Exchange?

Rephonic provides a wide range of podcast stats for The Exchange. We scanned the web and collated all of the information that we could find in our comprehensive podcast database. See how many people listen to The Exchange and access YouTube viewership numbers, download stats, audience demographics, chart rankings, ratings, reviews and more.

How many listeners does The Exchange get?

Rephonic provides a full set of podcast information for four million podcasts, including the number of listeners. View further listenership figures for The Exchange, including podcast download numbers and subscriber numbers, so you can make better decisions about which podcasts to sponsor or be a guest on. You will need to upgrade your account to access this premium data.

What are the audience demographics for The Exchange?

Rephonic provides comprehensive predictive audience data for The Exchange, including gender skew, age, country, political leaning, income, professions, education level, and interests. You can access these listener demographics by upgrading your account.

How many subscribers and views does The Exchange have?

To see how many followers or subscribers The Exchange has on Spotify and other platforms such as Castbox and Podcast Addict, simply upgrade your account. You'll also find viewership figures for their YouTube channel if they have one.

Which podcasts are similar to The Exchange?

These podcasts share a similar audience with The Exchange:

1. Power Lunch
2. CNBC's "Fast Money"
3. Closing Bell
4. Morning Call
5. Halftime Report

How many episodes of The Exchange are there?

The Exchange launched 15 years ago and published 1779 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

How do I contact The Exchange?

Our systems regularly scour the web to find email addresses and social media links for this podcast. We scanned the web and collated all of the contact information that we could find in our podcast database. But in the unlikely event that you can't find what you're looking for, our concierge service lets you request our research team to source better contacts for you.

Where can I see ratings and reviews for The Exchange?

Rephonic pulls ratings and reviews for The Exchange from multiple sources, including Spotify, Apple Podcasts, Castbox, and Podcast Addict.

View all the reviews in one place instead of visiting each platform individually and use this information to decide if a show is worth pitching or not.

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Rephonic provides full transcripts for episodes of The Exchange. Search within each transcript for your keywords, whether they be topics, brands or people, and figure out if it's worth pitching as a guest or sponsor. You can even set-up alerts to get notified when your keywords are mentioned.

What guests have appeared on The Exchange?

Recent guests on The Exchange include:

1. Mitch Daniels
2. Dan Primack
3. Matt McLennan
4. Sanjay Marotra
5. Gina Hinojosa
6. Annika Kim-Constantino
7. Michael Yee
8. Keith Lansford

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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