Power Lunch CNBC

May’s surprising pace of job growth and wage rise added to the conviction that the Fed will stay on hold with interest rates through this summer -- and possibly beyond. We’ll discuss. Plus, Keith Gill, better known as “Roaring Kitty,” hosted his first livestream since the meme stock craze that took place three years ago. We’ll bring you the key highlights of what he said.

The FTC and DOJ are set to open antitrust investigations into Microsoft, OpenAI and Nvidia, examining the companies’ influence on AI, a source familiar confirmed to CNBC. We’ll get the key details.
Plus, shares of Boot Barn are up 65% this year thanks in part to a boost to western culture from Beyoncé’s new country-inspired album. We’ll talk to the CEO about that 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.

Trump-era tax cuts are set to expire next year, creating a $4 trillion dollar question with huge implications for the economy. We’ll discuss what it means for the 2024 presidential race.
Plus, Elon Musk is responding to reports that Tesla bought AI chips from Nvidia, but he ordered them to be shipped to two of his other companies instead. We’ll get the latest details.

The Dow is lower today after weak U.S. manufacturing data raised concerns about the strength of the economy. Banks, industrials and other shares dependent on economic growth led the pullback.
But Wall Street is coming off a strong month, with all three major averages notching their sixth positive month in seven. Is today’s action just a blip? We’ll ask our experts.

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.