Power Lunch CNBC

Forget the “Magnificent 7” – right now, it’s all about the ‘Big 3’: Apple, Microsoft and Nvidia. They represent nearly $10 trillion market value combined, nearly 25% of the entire S&P 500. But which of these 3 stocks is best positioned to reach $4 trillion and beyond? We’ve got 3 market bulls standing by to make their case. Plus, Bryson DeChambeau pulled off a dramatic victory at this weekend’s U.S. Open. He’ll join us to talk about his win, the current state of golf and more.

CNBC’s Tyler Mathisen and Kelly Evans take you through the heart of the business day bringing you the latest developments and instant analysis on the stocks and stories driving the day’s agenda. “Power Lunch” delves into the economy, markets, politics, real estate, media, technology and more. The show sits at the intersection of power and money. “Power Lunch” gives viewers a full plate of CNBC’s award-winning business news coverage, plus a healthy dose of personality from the show’s anchors and the network’s top-notch roster of reporters and digital journalists.

CNBC’s Tyler Mathisen and Kelly Evans take you through the heart of the business day bringing you the latest developments and instant analysis on the stocks and stories driving the day’s agenda. “Power Lunch” delves into the economy, markets, politics, real estate, media, technology and more. The show sits at the intersection of power and money. “Power Lunch” gives viewers a full plate of CNBC’s award-winning business news coverage, plus a healthy dose of personality from the show’s anchors and the network’s top-notch roster of reporters and digital journalists.

The Federal Reserve kept its key interest rate unchanged, and signaled that just one interest rate cut is expected before the end of the year.
With markets hoping for a more accommodative central bank, FOMC policymakers took two rate reductions off the table from the three indicated in March.
We’ll break down exactly what that means for markets and your money, right up until Fed Chair Powell’s press conference.

The Fed’s latest decision on interest rates is now less than a day away. And when the year began, many experts were expecting several rate cuts this year. And now we may not even get one.
One criticism of the FOMC: it’s made up of only economists. So we put together our own “Mock Fed” consisting of market experts, former Fed officials and a real estate mogul.
We’ll reveal what THEY think should happen with monetary policy right now.

Apple’s annual Worldwide Developer’s Conference keynote just wrapped up. The company had a lot of news, the biggest of which was its push into AI, called ‘Apple Intelligence.’
It also announced that users can tap into OpenAI’s ChatGPT when using Siri, but only if a user wants to. We’ll bring you the key highlights from the event.
Plus, you can’t talk about AI without addressing demand for chips. Nvidia began trading on a split-adjusted basis today, while rival AMD is one of today’s worst performers.