Power Lunch

Stocks fell again on Friday, with Wall Street on track for a weekly decline, as traders weighed the latest moves in semiconductors along with the latest quarterly reports.

Contessa Brewer and Frank Holland are joined by Interactive Brokers’ Steve Sosnick and Albion Financial’s Jason Ware to break down the latest retail trading trends amid the recent semiconductor slide on Wall Street.

Brian Sullivan phones in on the CNBC news line to report on the latest global energy headlines as several U.S. companies announce multi-billion-dollar investments in restoring Iraqi oil fields to reduce the reliance on Iranian infrastructure.

Meanwhile, Phoenix Mayor Kate Gallego sits down with the anchors to discuss Taiwan Semiconductor’s plans to spend an additional $100 billion to expand its operations in Arizona.

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Stocks fell on Thursday as the sell-off in semiconductors has the major averages on pace for a losing week on Wall Street.

Brian Sullivan & Kelly Evans are joined by Morgan Stanley Senior Internet Analyst, Brian Nowak, to preview some of the key tech earnings reports expected out over the next week and to give his take on which companies are leading in hyperscaler capex spending.

Later in the program, S&P Global Vice Chairman, Dan Yergin, and RBC Capital Markets Head of Commodities, Helima Croft, discuss the state of the global energy markets with the anchors amid rising tensions in the Middle East.

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The markets rose on Wednesday, with major technology stocks advancing, as traders digested more data showing inflation is cooling.

Brian Sullivan & Kelly Evans are joined on set by One Point BFG Wealth Partners’ Peter Boockvar and Piper Sandler’s Craig Johnson to break down their outlooks for the markets as Steve Liesman joins in to provide the highlights from the latest Fed beige book report.

BlackBerry CEO, John Giamatteo, also joins the anchors on set later in the show to recap his company’s nearly 200% year-to-date gain and what he is focusing on going forward.

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The markets are trading mostly higher on Tuesday after June inflation data came in lighter than expected.

Kelly Evans and Brian Sullivan are joined on set by Yardeni Research’s Ed Yardeni to react to the latest CPI numbers and Fed Chairman Kevin Warsh’s appearance on Capitol Hill. 

Meanwhile, IBM investor Jeff Kilburg breaks down what’s driving IBM’s massive drop this afternoon and whether there is still opportunity for investors to buy in. 

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Stocks fell on Monday after President Donald Trump announced he was reinstating what he called “a blockade on Iranian shipping” through the Strait of Hormuz.

Brian Sullivan and Kelly Evans react to the monthly statement from the U.S. Treasury with Seaport Research Partners’ Jonathan Golub and are later joined by Rapidan Energy Group’s Bob McNally to give his take on the global energy markets.

Later on, four-star tech fund manager, Denny Fish, joins the show to lay out his tech investing strategy as SK Hynix and the rest of the semiconductor space sell-off amid the broader market rotation out of mega-cap tech stocks.

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