Kevin Warsh Testifies, IBM’s Warning, and the Incredible Shrinking AI Model 7/14/26
About this episode
Kevin Warsh discusses inflation during his testimony, while IBM faces a significant drop in shares after disappointing earnings, and a new AI model is introduced.
Fed chair Kevin Warsh says inflation is a choice in his first Monetary Policy Report testimony on Capitol Hill. IBM shares have their worst day since October 1987 after the company pre-announces disappointing Q2 earnings, with CEO Arvind Krishna saying “this quarter we faltered.” Plus, CNBC’s exclusive look at the AI model small enough to run directly on an iPhone.
More episodes of The Exchange
- No TAM Troubles, The Debt Debate, and a Defense Deficit 7/21/26
- Big Tech on Deck, Congress’ Midterm To-Do List, and Cyclospora Outbreak 7/20/26
- China’s New AI Model, Tap-to-Pay Troubles, and Underdog Plays the Field 7/17/26
- Nibbling at Nvidia, Building Backlash, and Korea’s Volatility Curb 7/16/26
- The Exchange 7/15/26
- Oil Climbs on Hormuz Tensions, Apple’s OpenAI Lawsuit, and Earnings Season Eve 7/13/26
Explore listener stats, chart rankings, contacts and more on the The Exchange podcast page.