Nike shares get crushed on weaker-than-expected sales outlook amid revenue struggles in China. The Mag 7 rallying for a second day after a rough first quarter, but Benchmark is bullish on name in particular. Plus, with gold on pace for its first positive week in five, Tim Seymour says the rally will continue if one particular condition is met.<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Nike's Nosedive, Tech's Turnaround, and Gold's Gains 4/1/26

The Exchange

# Full Transcript

**Podcast:** The Exchange

## Participants

- **Dominic Chiu** (CNBC)
- **Carol Schleif** (BMO Private Wealth)
- **Carter Braxton Worth** (Worth Charting)
- **Stacey Whitlitz** (SW Retail Advisors)
- **Jan Niffin (J. Rogers Niffin)** (WorldWide CEO)
- **Yee Fu Lee** (Benchmark (StoneX))
- **Tim Seymour** (Seymour Asset Management)

## Transcript

What made you confident that you could do something that hadn't been done before? I have no fear of failure. Trailblazing women changing the game. One of my favorite pieces of advice, think about what your boss's boss needs. Leadership can look in many, many different forms. It really does come down to just trusting yourself. Life is short and you just gotta think big to accomplish big things. Julia Boorstin hosts CNBC Changemakers and Power Players. New episodes every Tuesday wherever you get your podcasts.

You're listening to The Exchange. Here's today's show. All right, see you at three for sure, Scott. Welcome to The Exchange. I'm Dominic Chiu for Kelly Evans today. Stocks are extending their gains at this hour as optimism around an end to the Iran war is growing. Tech and small cap stocks are leading the gains so far. The NASDAQ, the tech heavier one, is getting closer to 2% higher. And the Russell 2000 small cap is up about 1.5%. Within that technology trade, another update for the MAG7,

with Google as the standout in that group. Semiconductor is also higher and so are pockets of the memory trade, with SanDisk and Seagate seeing some bigger gains today. Yields are on the move with the 10-year benchmark note yield dropping below 4.3% and hitting a new two-week low earlier today. Now just slightly back above that level as you can see there. And oil prices lower with U.S. benchmark West Texas Intermediate dropping back to $100 per barrel.

Brent is down to $101 per barrel. That brings us to the latest on Iran and the president. Addressing the nation later on tonight, Eamon Javers is live in Washington, D.C. with what exactly we can expect from President Trump in this primetime address. Eamon. Hey there, Don. President Trump is back at the White House now after spending part of his morning this morning listening to oral arguments at the Supreme Court. And we're watching for any indication of what he might say now in his address to the nation tonight.

He repeated threats, or his repeated threats rather, to remove the United States from NATO have certainly gotten widespread attention in Europe. The president of Finland, Alexander Stubb, posted a short time ago on social media, spoke with at-real Donald Trump. Constructive discussion and exchange of ideas on NATO, Ukraine, and Iran. Problems are there to be solved pragmatically, he says. The president, for his part, also posted on social media today, saying that the government of Iran asked the United States of America for a ceasefire.

He said the U.S. will only consider that after the Strait of Hormuz has been reopened. But the Ass...

Nike's Nosedive, Tech's Turnaround, and Gold's Gains 4/1/26

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

Nike's Nosedive, Tech's Turnaround, and Gold's Gains 4/1/26

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.