Let's bring in Solless Alternative Asset Management's Dan Greenhouse. Now, good to see you. To cut or not to cut, that is the question.What's the answer. I listen, my personal view is uh well, listen, as a general view, I think people agree if not for tariffs, they might have cut at the last meeting and probably would be cutting at the next meeting. There's no probably the Fed chair himself said it.Yeah. Well, listen, I I don't think he's articulated as clearly perhaps as he did yesterday and today, but I t ...

Joining me now, Goldman's co-head of public tech investing, Sun Cho. It's good to see you. Welcome back.You as well. What a day to have you. Um, no China, no problem.I mean, is that's is that what the market is saying here. Look, I think it's you have to take a little bit of a broader picture of what's been going on with the AI trade, right. And it singularly has to do with the perception around AI capex, right.Just a couple of months ago when all of these stocks were under lows, there was this perception t ...

So this year, as CNBC searches for our top state for business, Scott Con is visiting what could be the biggest data center yet. It's being backed by META, and it's going to require a lot of electricity to run it. Scott is at the construction site in Richland Parish, Louisiana with a very special guest.Scott, hey, Brian. Yeah, 10 billion dollars they're pumping into this. It is a big deal.This will be the largest data center uh in the Western Hemisphere at least. And we're about to talk to someone who was in ...

Welcome back to Power Lunch. Some new data out this morning. Pretty gloomy picture of the housing market as new home sales fell nearly 14% in May.High mortgage rates and affordability are continuing to challenge buyers. And that was the biggest monthly drop in almost three years. Let's get some more insight on what's going on here with power broker Ryan Sirant, the founder and CEO of Sirand.And uh Ryan, I I can't res. So I mean we've we got all the developments in New York City in particular today, right. I ...

the Fed announcing a proposal that was well telegraphed, well expected that does ease some capital requirements for the biggest banks uh in this country. It's responsible for uh the rise that you see there in the big banks over the last uh few weeks really and and today as well. So the details in the proposal effectively reduce capital uh tier one capital requirements by 1.4% uh for the biggest banks.uh they say that would release capital of about $13 billion for those purposes. At their deposiitories uh in ...

Uh here to go out on that limb is Shri Kumar, the president of Shrikumar Global Strategy. Shri, it's great to have you back. Good to be back, Kelly.And yes, I am going out on a limb and on a record day to be talking about a 10% correction coming by the end of the year. But the various macro factors that I'm looking at seems to suggest that there is no way this situation can continue. What are they.We are looking at truths in a sense in three different areas. One is the Iran um and Israel war. The second is ...

Let's bring in the aforementioned Paul Sanki of Sanki Research. Paul, thanks for joining us, especially on pretty short notice. You know, I kind of threw cold water on that reporting initially.It looks like that's sort of the correct way, but BP is this is out there. What's your take on all of this. Well, Brian, to to use the soccer term or football term, I think Bernard Looney got a yellow card and then a red card in fact, but the strategy was definitely a huge error in 2020.And of course they then had the ...

Paul, sit there for just one second. We've got some breaking news coming out on Fed capital requirements. We'll come back to this in just a second.Let's bring in Leslie Picker. Leslie, what's the latest. Hey, Kelly.Yes, the Fed announcing a proposal that was well telegraphed, well expected that does ease some capital requirements for the biggest banks uh in this country. It's responsible for uh the rise that you see there in the big banks over the last uh few weeks really and and today as well. So the detai ...

what we're seeing from the consumer really isn't surprising. You know, for the last few months or so, uh the consumer really has faced a lot of uncertainty and in a whole variety of ways, whether it's economic uncertainty or uncertainty with tariffs or global conflict. I mean, we all know the list and when consumers feel a little bit uncertain, um you know, they they tend to pull back on their spending a little bit and and so we we see that.I mean, it's one of the reasons why food at home consumption remain ...

Bess Freedman, Brown Harris Stevens CEO, joins 'The Exchange' to discuss housing in New York City and the mayoral race. ...