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The Exchange

CNBC
The Exchange
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  • The Exchange

    The Federal Reserve: a Renovation Report, an Inflation Tracker, and a Tale of Espionage 9/30/26

    30/09/2026 | 44 mins.
    Fresh this hour, the Federal Reserve’s independent watchdog finding no evidence of criminal wrongdoing or of administrative misconduct in its building renovations. The Fed’s favorite inflation gauge cools more than expected in August. Plus, how Chinese spies used love and betrayal to target the institution.


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  • The Exchange

    Inside Man: How Chinese Spies Used Lies, Romance and Betrayal to Target the Federal Reserve

    30/09/2026 | 21 mins.
    One week after a friendly summit between Chinese President Xi Jinping and U.S. President Donald Trump, CNBC details an aggressive plot by China to infiltrate one of the United States’ most important institutions: the Federal Reserve. This explosive documentary delves into the incredible saga of a Chinese spy's effort to obtain secrets from the inner confines of the US top bank. It's a tale of sex, money, deceit and betrayal that put some of the country’s vital economic and financial secrets at risk. With exclusive access to new documents, audio, photos and text messages, CNBC's Senior Washington Correspondent Eamon Javers uncovers the story of former Fed economist John Rogers and a Chinese spy posing as an economics student who he befriended in 2013. “Inside Man” is a spy story at the heart of the competition for global economic dominance, posing the question of whether Rogers was a spy himself or an unwitting dupe.

    Watch the full documentary, read the article and explore excerpts from Rogers’ text message history here: cnbc.com/insideman

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  • The Exchange

    OpenAI’s Dev Day and A Shift for College Sports? 9/29/26

    29/09/2026 | 46 mins.
    All the news from OpenAI’s Developer Day as Sam Altman takes the stage. Plus, the Senate advances a bill that could re-shape the lucrative name, image, and likeness (NIL) deals for student athletes.

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  • The Exchange

    Nvidia’s Security Push, Consumer Conundrum, and the Diesel Divide 9/28/26

    28/09/2026 | 43 mins.
    Nvidia launches an AI security platform to contain AI agents. Bank of America says the consumer spending is still growing, but buyers are getting choosier. Plus, why a diesel export ban could push gas prices even higher.


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  • The Exchange

    Rate Hike Regret, Iran Negotiations, and Mortgage Mayhem 9/25/26

    25/09/2026 | 43 mins.
    The so-called “Bond King of Texas” says the Fed made a mistake hiking rates. Stocks pop and oil prices sink on reports U.S.-Iran talks have entered the technical stage, but Helima Croft, who served as a commodities analyst at CIA, says seemingly nothing has truly shifted in negotiations. Plus, are mortgage rates above 7% the new normal?

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About The Exchange
"The Exchange" on CNBC is a one-stop shop for the day's top business stories, along with breaking news and the must-see market movers heading into the back half of the trading day. This newsroom-based program also features lots of original reporting, in-depth conversations and showcases CNBC's award-winning investigative work.
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