Nightly Business Report

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.

First Republic became the third bank to fail since March, but will it be the last?Charlie Munger is warning about cracks in commercial real estate – we’ll look ahead to three big names ahead of their results this week.And tech investor Brad Gerstner had some harsh words for Alphabet CEO Sundar Pichai earlier on CNBC.We’ll break down why he thinks Alphabet is falling behind in the AI race.Plus, and Exchange Exclusive interview with SoFi CEO Anthony Noto on the heels of their record financial results.

Four of the five mega cap tech companies have reported, we take a look at the company one strategist says has shown the lowest quality earnings. Plus, the “Dean of Valuation,” NYU’s Aswath Damodaran’s on how the lack of risk capital is impacting tech’s performance. The FDIC releases its finding regarding the Signature Bank Collapse. And the one corner of the health care market Mizuho’s Jared Holz expects to be a booming, multi-billion dollar business.

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.

Don’t miss the new details on First Republic’s desperate pitch to save the bank. Plus, how should you invest in a slowdown if the economy is like a car speeding down a cul-de-sac? And if the UK is closed for business, we’ll look at what it means for Microsoft’s deal to buy Activision.

First Republic hemorrhaged deposits in the first quarter, and one guest says it’s now a battle of survival.Does that mean hopes for a Fed cut this year are premature? David Zervos from Jefferies will weigh in.Plus, Alphabet and Microsoft earnings are on deck. Will last quarter’s cost cuts be enough to fund their investments in AI?

Is Bed Bath & Beyond’s bankruptcy a sign of trouble in the retail industry, or simply a case of mismanagement?Plus, the one key data point flashing a signal only see during – or right before – a recession.And with LVMH topping $500M in market cap, is it time to take profits or is a bigger luxury spending boom on the way?

Is the Fed being too laissez-faire about stress in the banking system? Former Dallas Fed President Richard Fisher says it still has to slay the “inflation dragon” and at least one economist agrees, saying that’s exactly why the Fed will hike rates in less than 2 weeks.Meantime, as the credit crunch hits Main Street, he hear from one small business owner who’s feeling the effects as he tries to expand.And XPrize Founder Peter Diamandis joins Kelly to discuss his latest $11M competition, and the impact AI will have on it, as well as the broader tech landscape.

Stocks are back in the red as a key economic indicator unexpectedly drops to a near three year low. It’s one of several data points that has our guest worried. She tells us which signals truly matter right now, and whether we should officially start the countdown to the recession. As for the consumer right now, American Express still sees resiliency, Ally Financial sees rising delinquencies, and one in five Americans are buying groceries with installment loans. We’ll discuss which names are still in the sweet spot, and for how long.Plus, the airlines are supposed to be one of the main pockets of strength right now but Alaska Airlines posting a bigger than expected loss. The CEO joins us for a CNBC exclusive.   

Western Alliance is growing deposits – is that a bullish sign for the rest of the regionals? We look at the fallout for the financials post-SVB. Tesla earnings are out after the bell today, and there’s one key metric that Wall Street’s watching. And Nvidia shares have nearly doubled to start the year -- can it keep up the momentum? We speak with one analyst who sees it rallying another 20% from here thanks to AI.

Investors are the most pessimistic they’ve been in in over a decade, but one advisor sees opportunities overseas.It’s a tale of two quarters for Bank of America and Goldman Sachs on day 2 of the big bank earnings reports.Plus, a deep dive into the future of AI regulation in America with VC Sam Lessin and a lookahead to Netflix and United reporting results after the bell.

Earnings season is off to a surprisingly good start. In fact, too strong says one of our guests. He’s bracing for earnings to drop 30 percent. He tells us why he so concerned, and the one sector he is bullish on right now.Plus, a lack of listings helping homebuilders to a near record share of the housing market. So if they have the edge, can you own them for the long run? We debate. And, Google’s CEO says AI will impact every product and every company. We talk to two CEOs who will have a front row seat to those changes.

Investors initially cheering PNC’s earnings report, but after digesting results, the street noting some weakness. What that could signal about the health of the regional banks. Booking Holding shares up 30% so far this year as the travel trade roars back, but one analyst is seeing headwinds. Plus, we dig into the week’s data dump for further indication about what the next Fed meeting could bring, and if the US is indeed on the road to recession.

Producer prices are cooling sharply, while jobless claims are rising. We’ll explain why the economic slowdown could be closer than you think. Plus, the recent bank collapses are touching off concerns about systemic risk in the financial sector. But what if it doesn’t stop there? We’ll dig into some warnings signs. And, Bitcoin has surged back about $30,000 this year. But one key factor is missing in that climb. We’ll reveal what that is, and why it has one analyst very concerned about a crunch.

San Francisco Fed President Mary Daly says “we don’t expect to continue to raise rates every meeting.” Her remarks follow this morning’s cooler-than-expected CPI print, which boosted stock prices. CNBC received exclusive reaction to the CPI print and more from legendary investor Warren Buffett. We’ll break down his best comments, including the ones you may have missed.Plus, our Buffett “watcher” will reveal which of the Oracle’s stock picks he likes best, and where he sees the most opportunity next.

Markets are anxiously awaiting tomorrow’s CPI report. But should it even matter that much? One of our big investors says “no” – and if anything, it could lead to a big mistake by the Fed.Plus, Wall Street is remaining positive on the big banks ahead of earnings on deck, while Main Street is worried about the potential crunch. We’ll look deeper into the dichotomy. And, when you hear the words “dividend payer,” do you think safety play? Well, you might want to think again. We’ll look at the dividend stocks you’ll want to avoid in this market.

After the decent March jobs report, Wall Street is now ratcheting up the likelihood of another Fed hike in a few weeks. But our economists say “not so fast!” They’ll explain why more hikes would be a “big mistake” for the Fed, and where they think rates should go next. Plus, we’ll dig into the biggest pain points – as well as some unexpected bright spots – for the upcoming earnings season as low expectations take hold. And, China just wrapped up 3 days of military exercises around Taiwan. We’ve got the latest details, and the U.S. response.

New jobs data revisions painting an uglier labor market picture than previously thought, which could have the Fed on pause. What that means for both the economy and the tech rally ahead of tomorrow’s key jobs report.  But, will lower rates provide a tailwind for tech? Our stock pickers say yes, despite the ongoing outperformance. We have the names to buy now. Plus, the technical tale of two mega cap names—one poised to break out and the other facing steep resistance. 

Tech stocks have had a major run this year. But with Loretta Mester echoing James Bullard’s comments in support of more rate hikes, the Nasdaq is underperforming today. So is it time to take profits? We’ll debate. Plus, private payrolls and ISM Services data both came in weaker-than-expected, just ahead of the all-important jobs report.  Is Barry Sternlicht’s “serious recession” prediction close to coming true? We’ll discuss. And, one area of services not seeing prices softening is travel. But one analyst sees signs of slowing demand. He’ll join us to make his case, and provide his key names to watch.

Higher rates. Tighter lending. Huge deposit outflows. Will the Fed need to hike rates much further to fight inflation, or will a potential credit crunch do the trick? We’ll discuss. Plus, sentiment is at record bearish levels, according to Bank of America. But one of our strategists says pessimism is clouding investors’ vision. He’ll explain why he’s putting money to work overseas. And, Apple CEO Tim Cook will meet with lawmakers to talk China, Google is coming for employees’ staplers, and Jamie Dimon says AI is “critical” to JPMorgan’s success. We’ll tackle it all in ‘TechCheck.’