The Daily Drawdown

By Podkey

Daily summary of the market, as told by CNBC.

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· Business

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FAQs about The Daily Drawdown:

How many episodes does The Daily Drawdown have?

The podcast currently has 66 episodes available.

The Daily Drawdown episodes:

June 04, 2026 Semis, IPOs, and AI Bills
One earnings miss hit like a stress test for the whole market. At the same time, AI demand is still huge, but the bill is getting real, and capital is getting crowded fast.
• Broadcom resets the tape
• Why semis are the market's weak point
• Rotation out of narrow tech
• AI demand is strong, but the economics are tightening
• Model routing changes the power balance
• AI capex keeps spreading beyond chips
• SpaceX and the crowded IPO market
• IPO mechanics are changing
• Private credit shows the other side of liquidity
• Crypto, power, and regulation
• Two smaller signals worth watching
Sources:
• Squawk on the Street — 10AM Hour: Cracks in the Tech Trade? Bitcoin Concerns, SpaceX “Significantly Overvalued”: https://www.cnbc.com/
• Worldwide Exchange — Morning Call 6/4/26: https://www.cnbc.com/
• Squawk on the Street — CNBC Investing Club: Cramer’s Morning Take on CrowdStrike 6/4/26: https://www.cnbc.com/
• Squawk on the Street — 9AM Hour: Broadcom Tumbles and Drags Down the AI trade, Dow Rallies, SpaceX IPO Roadshow 6/4/26: https://www.cnbc.com/
• Closing Bell — Closing Bell: Dow Rallies to Fresh Record 6/4/26: https://www.cnbc.com/
• CNBC's "Fast Money" — A Market Rotation Underway… And Reaction to LuluLemon’s Latest Results 6/4/26: https://www.cnbc.com/
• Halftime Report — Managing a Portfolio Full of Winners 6/4/26: https://www.cnbc.com/
• Squawk on the Street — 11AM Hour: Vista Equity Partners CEO Robert Smith, Honeywell Aerospace CEO Ahead of Spinoff & Medtronic CEO on Earnings 6/3/26: https://www.cnbc.com/
• Squawk Pod — Cheating in Chess with Ben Mezrich, Taxing AI with Andrew Yang 6/4/26: https://www.cnbc.com/
• Power Lunch — The Dow rallies while the Nasdaq lags as investors rotate out of tech into more defensive sectors 6/4/26: https://www.cnbc.com/
• Squawk on the Street — 11AM Hour: Broadcom Shares Tumble, Tanger CEO on the Consumer & SpaceX Roadshow Kicks off Today 6/4/26: https://www.cnbc.com/
• The Exchange — The Exchange 6/4/26: https://www.cnbc.com/
• Closing Bell — Closing Bell Overtime: Chip Rally Takes a Breather But Markets Stage Midday Turnaround 6/4/26: https://www.cnbc.com/
...more
8min
June 03, 2026 AI Buildout and Market Strain
This market still wants one thing above all else: more compute. That demand is lifting chips, power, cybersecurity, and mega financing, while also pushing valuations, liquidity, and market structure into much riskier territory.
• AI infrastructure race
• Power bottlenecks and beneficiaries
• Semis: strong fundamentals, stretched tape
• Tokens, spending discipline, and ROI
• Cybersecurity remains a direct winner
• SpaceX IPO and supply risk
• Euphoria, oil, and liquidity stress
• Market structure risks to watch
Sources:
• Power Lunch — Stocks falter on Wednesday as oil prices and treasury yields tick higher 6/3/26: https://www.cnbc.com/
• The Exchange — The Exchange 6/3/26: https://www.cnbc.com/
• Squawk Pod — Doing the Math in DC: Senators Thom Tillis & Elizabeth Warren 6/3/26: https://www.cnbc.com/
• Squawk on the Street — 9AM Hour: SpaceX IPO Details, "Greed" and the Markets, Private Credit Stocks Slide 6/3/26: https://www.cnbc.com/
• CNBC's "Fast Money" — A Sign Of Market Euphoria?... And Opportunity In Metals 6/3/26: https://www.cnbc.com/
• Squawk on the Street — 10AM Hour: Exclusive: Israel Prime Minister Benjamin Netanyahu 6/3/26: https://www.cnbc.com/
• Squawk on the Street — CNBC Investing Club: Cramer’s Morning Take on Palo Alto 6/3/26: https://www.cnbc.com/
• Halftime Report — The Parabolic Tech Mania Continues: Your Next Move 6/3/26: https://www.cnbc.com/
• Worldwide Exchange — Morning Call 6/3/26: https://www.cnbc.com/
• Closing Bell — Bitcoin Slides and Investors Watch the Next Big IPO 6/3/26: https://www.cnbc.com/
• Closing Bell — Goldman’s John Waldron on the Market 6/3/26: https://www.cnbc.com/
...more
9min
June 03, 2026AI Buildout, SpaceX, Oil
The market still wants more AI, more power, more chips, and more leverage. The problem is that all of it now comes with a much bigger price tag and a much thinner margin for error.
SpaceX IPO shockwave
The real AI trade
Power bottlenecks and who benefits
Semis and token spending reality check
Security, liquidity, and leverage
Oil, inflation, and sentiment risk
Watch list

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8min
June 02, 2026 Capital, Power, and AI
This week’s biggest message is simple: AI is no longer a software story. It’s a capital markets story, an energy story, and increasingly a supply chain story.
• Alphabet's $80 billion raise
• AI capex becomes the moat
• The real bottleneck is physical
• Power risk moves to center stage
• Who benefits right now
• Cybersecurity gets pulled higher
• Microsoft expands the stack
• Market internals are getting less healthy
• Bitcoin and speculative risk appetite
• What to watch next
Sources:
• Squawk on the Street — 9AM Hour: AI Trade: Alphabet's $80B Capital Raise, Huang's "Trillion-Dollar" Comment Boosts Marvell, HPE Surges 6/2/26: https://www.cnbc.com/
• Closing Bell — AI, Cybersecurity and Capital Flows Shape the Market 6/2/26: https://www.cnbc.com/
• Closing Bell — Closing Bell: Can Anything Derail this Record Rally? 6/2/26: https://www.cnbc.com/
• Halftime Report — How to Trade the Market Momentum 6/2/26: https://www.cnbc.com/
• Squawk on the Street — CNBC Investing Club: Cramer’s Morning Take on Marvell Technology 6/2/26: https://www.cnbc.com/
• Worldwide Exchange — Morning Call 6/2/26: https://www.cnbc.com/
• Squawk Pod — Tariffs with the USTR & Prediction Markets with the CFTC 6/2/26: https://www.cnbc.com/
• Squawk on the Street — 11AM Hour: HPE CEO on Earnings, Generac CEO on Power Deal & IHG CEO on Travel Demand 6/2/26: https://www.cnbc.com/
• Power Lunch — Major averages move higher as the S&P 500 is on pace for its longest weekly winning streak since 1985 6/2/26: https://www.cnbc.com/
• The Exchange — The Exchange 6/2/26: https://www.cnbc.com/
• CNBC's "Fast Money" — Bitcoin & Crypto Trade Crumbles… And Opportunity In Commercial Real Estate 6/2/26: https://www.cnbc.com/
• Squawk on the Street — 10AM Hour: Nvidia CEO Picks Next Trillion Dollar Company, Robinhood CEO, Early Anthropic Investor on IPO 6/2/26: https://www.cnbc.com/
...more
8min
June 01, 2026 AI Capital and Market Strain
The signal right now is simple: money is pouring into AI faster than infrastructure, regulation, and market breadth can keep up. That gap is creating the biggest opportunities and the clearest fault lines.
• Berkshire shifts capital
• NVIDIA expands the AI battleground
• Edge AI changes the software math
• Data centers get bigger and more expensive
• AI companies need public-market fuel
• AI demand is real, but valuation risk is rising
• Market breadth is the weak spot
• HPE and memory show the bottlenecks
• Housing and oil: two macro pressure points
• Two smaller stories worth tracking
Sources:
• CNBC's "Fast Money" — Berkshire’s Signals A Housing Market Bottom… And A Market Rally Expiration 6/1/26: https://www.cnbc.com/
• Worldwide Exchange — Morning Call 6/1/26: https://www.cnbc.com/
• Squawk on the Street — 9AM Hour: Nvidia Jumps Into the PC Market, Softbank's Masa Son on $80B+ AI Investment, Faber at Stargate's Data Center 6/1/26: https://www.cnbc.com/
• Squawk Pod — Rich Kleiman, the Knicks, & Barry Diller’s Bid for MGM 6/1/26: https://www.cnbc.com/
• Halftime Report — Gauging Market Momentum into June 6/1/26: https://www.cnbc.com/
• Squawk on the Street — CNBC Investing Club: Cramer’s Morning Take on Nvidia 6/1/26: https://www.cnbc.com/
• Squawk on the Street — 11AM Hour: Kalshi CEO on Prediction Markets, Former Defense Secretary Mark Esper & Revolution Medicines CEO on Pancreatic Cancer Drug Breakthrough 6/1/26: https://www.cnbc.com/
• Closing Bell — Closing Bell: New Month, New Records? 6/1/26: https://www.cnbc.com/
• Closing Bell — Closing Bell Overtime: AI, Markets and the Next Big Winners 6/1/26: https://www.cnbc.com/
• The Exchange — The Exchange 6/1/26: https://www.cnbc.com/
• Power Lunch — Exclusive Interview with OpenAI CEO Sam Altman from the company’s Stargate campus. 6/1/26: https://www.cnbc.com/
• Squawk on the Street — 10AM Hour: Taylor Morrison CEO on Sale to Berkshire, Related Digital, Hilton & Bristol Myer Squibb CEOs 6/1/26: https://www.cnbc.com/
...more
8min
June 01, 2026AI Buildout and Market Risk
A few storylines are starting to connect. Berkshire is making long-duration bets, NVIDIA is pushing AI off the cloud and onto devices, and the money required to keep this whole buildout going is getting bigger, more public, and harder to ignore. At the same time, the market backdrop is getting less forgiving. Leadership is narrow, credit is flashing some caution, and geopolitics just reminded oil traders how fast risk premiums can reprice.
Berkshire shifts
NVIDIA expands the battlefield
The AI capital stack gets enormous
Who benefits and where the bottlenecks are
Market momentum versus warning signs
Oil and macro sensitivity
What to watch now

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...more
8min
May 30, 2026 Enterprise Demand, AI Risk
The market’s telling a more mature story now. Money is moving away from the loosest AI trade and toward companies showing real enterprise demand, while a few crowded winners are starting to look priced for perfection.
• Enterprise tech rotation
• Semiconductor valuation risk
• AI integration pressure
• Portfolio discipline
• Robinhood's AI push
• ASCO biotech deal watch
• 529 plan expansion
Source:
• CNBC's "Fast Money" — Dell’s Massive Month, and Countdown to ASCO 5/29/26: https://www.cnbc.com/
...more
6min
May 30, 2026Enterprise Rotation and Valuation Risk
The tone in tech is shifting. Investors are starting to reward revenue that already exists, not just AI stories that might show up later. That matters for what to own, what to trim, and where the valuation risk is getting harder to ignore.
Enterprise tech rotation
Semiconductor valuation risk
AI integration pressure
Portfolio discipline
Robinhood AI trading
ASCO biotech M&A
529 plan expansion

This podcast was created with Podkey. Make your own at https://podkey.fm
...more
7min
May 29, 2026 AI Bottlenecks and Market Breadth
The AI trade just got bigger, narrower, and more complicated at the same time. Dell's numbers lit up the tape, but the real story is what could choke the next leg higher: memory, power, permitting, and the cost of inference.
• Dell's blowout and what it signals
• The bottleneck moves from GPUs to memory
• Inference costs and token economics
• Anthropic's financing arms race
• A narrow rally with crowded leadership
• Small caps and rotation under the hood
• Oil, inflation, and the Fed complication
• AI capex meets real-world limits
• Other signals worth keeping on the board
Sources:
• Closing Bell — Closing Bell 5/29/26: https://www.cnbc.com/
• Squawk on the Street — CNBC Investing Club: Cramer’s Morning Take on Costco 5/29/26: https://www.cnbc.com/
• Worldwide Exchange — Morning Call 5/29/26: https://www.cnbc.com/
• Closing Bell — Closing Bell Overtime: The Rally Keeps Climbing As Stocks Post Strong End to May 5/29/26: https://www.cnbc.com/
• Squawk on the Street — 9AM Hour: Dell Soars on Blowout Quarter, Bulls Rule in May, Bearish Month for Oil 5/29/26: https://www.cnbc.com/
• Squawk Pod — AI Taxes, Dell Shares, & A Rocket Explosion 5/29/26: https://www.cnbc.com/
• Squawk on the Street — 11AM Hour: FCC Chairman Brendan Carr on Battle with Disney, Erin Brockovich on Data Center Concerns & Premier Cancer Treatment Conference Kicks Off 5/29/26: https://www.cnbc.com/
• Power Lunch — Power Lunch 5/29/26: https://www.cnbc.com/
• Squawk on the Street — 10AM Hour: Dell Shares Surge, MongoDB CEO, Lead Anthropic Investor 5/29/26: https://www.cnbc.com/
• Halftime Report — The Parabolic Tech Mania Continues 5/29/26: https://www.cnbc.com/
• The Exchange — “Dude, You’re Getting a Dell,” A Hiccup for the Space Race & A Dot-Com Moment without the Bubble 5/29/26: https://www.cnbc.com/
...more
8min
May 28, 2026 Inflation, AI, and Fragile Risk
Markets are trading a lot of hope at once: a possible Iran de-escalation, an AI capex boom, and the idea that inflation can stay sticky without breaking the rally. The problem is most of those assumptions still need proof.
• US-Iran ceasefire and oil
• Core PCE and the Fed split
• Consumer strain and credit stress
• Semiconductor rally and AI pricing pressure
• Snowflake, platform winners, and valuation
• Private markets, IPO supply, and SpaceX
• Trading behavior and portfolio posture
• Enterprise AI security and monetization
Sources:
• Squawk on the Street — 10AM Hour: Potential U.S.-Iran Deal, CEO of Chip Designer Synopsys, Rail Deal Trouble?: https://www.cnbc.com/
• Squawk on the Street — 11AM Hour: LA Mayoral Candidate Spencer Pratt, Former CFTC Chair Timothy Massad & Waymo's Next Generation of Vehicles 5/28/26: https://www.cnbc.com/
• CNBC's "Fast Money" — Meta’s Social Subscriptions… And Building A Cash Buffer Amid Market Irony 5/27/26: https://www.cnbc.com/
• CNBC's "Fast Money" — Software Stocks Surge and a Controversial Call From a Former Trump Advisor 5/28/26: https://www.cnbc.com/
• The Exchange — Semis Outperforming Mag 7, Warsh’s First Move, SpaceX IPO Impact on Markets 5/28/26: https://www.cnbc.com/
• Closing Bell — Closing Bell: Should You Buy into this Record Rally? 5/28/26: https://www.cnbc.com/
• Closing Bell — Closing Bell Overtime: 5/28/26: https://www.cnbc.com/
• Squawk on the Street — CNBC Investing Club: Cramer’s Morning Take on Salesforce 5/28/26: https://www.cnbc.com/
• Halftime Report — Brad Gerstner on the Market, Tech and the Flood of Mega IPOs 5/28/26: https://www.cnbc.com/
• Worldwide Exchange — Morning Call 5/28/26: https://www.cnbc.com/
• Power Lunch — Power Lunch 5/28/26: https://www.cnbc.com/
• Squawk Pod — Knicks Fan Gary Vee: I Want to Match Up with the Spurs 5/28/26: https://www.cnbc.com/
• Squawk on the Street — 9AM Hour: Salesforce Falls, Snowflake Soars, Fertitta Buys Caesars in $5.7B All-Cash Deal 5/28/26: https://www.cnbc.com/
...more
8min

FAQs about The Daily Drawdown:

How many episodes does The Daily Drawdown have?

The podcast currently has 66 episodes available.