Stocks are moving higher on Wednesday on the back of a tame CPI inflation report as tech names like CoreWeave and Super Micro Computer are leading the markets higher. Kelly Evans and Brian Sullivan are joined on-set by DCLA Managing Partner, Sarat Sethi, for the full hour to lay out his take on the state of the markets. Meanwhile, today’s Power Insider segment is focusing on Bloom Energy as Evercore’s Nick Amicucci explains why he has an outperform rating on the stock. Later, CNBC’s Alex Sherman joins the show to report on the headlines that Bob Iger and Josh Kushner are planning to buy the Los Angeles Lakers from Mark Walter for over $12 billion. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

CPI Inflation Reaction, Sarat Sethi Weighs In, Record-Breaking Lakers Sale 8/12/26

Power Lunch

Stocks now back to being less than 1% from new record highs. Welcome to Power Lunch, everybody. With Kelly, I am Brian and a special guest host, our friend, Surat Seti, managing partner, Doug DeCelaine. Join us for the entire hour with real-world ideas just for you also happening. Inflation easing and a wave of strong tech earnings, reigniting demand for chips and memory, and what energy-producing stocks could produce you.

Some investing energy of their own. The head of Evercourse Power and Utility Research is here. And we have some key voices to help navigate all of this. Lizanne Saunders, the chief investment strategist at Schwab, and Torsten Slock, the chief economist at Apollo. They will both be joining us coming up. But first, Sarat, before we dive into all of that, so much, I mean, we haven't talked to you about the NVIDIA deal this week. AI financing, Iran, the latest there of, you know, whatever's going to happen, energy, inflation.

So taking all of that in, what do you think is most important for investors to focus on? Well, I think the AI trade keeps on continuing. And you're seeing kind of now NVIDIA going into really using the credit markets, borrowing, and more and more as to kind of supporting their key customers. And we saw earnings, you know, strong earnings last night, too. So that trade is still going on. What's interesting is when that trade happens, certain sectors kind of fall off.

So we need kind of all the sectors or most of the ones to start moving together. But we just haven't seen that at one point. One moves and the other one moves the other way. Yeah.

CPI Inflation Reaction, Sarat Sethi Weighs In, Record-Breaking Lakers Sale 8/12/26

Read the full transcript

The candid version is on a podcast,
not the earnings call.

CPI Inflation Reaction, Sarat Sethi Weighs In, Record-Breaking Lakers Sale 8/12/26

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.