A Long Winter Just Weeks Away from Summer? This University Will Have Students Back on Campus and the Supply Chain Moves Back to China.

Stocks selling off as Fed Chair Jay Powell delivers downbeat commentary earlier in the day, adding him to the list of heavyweights, including Warren Buffett and Sam Zell, to warn about the economy. So, should investors be ready for a long winter as we head into summer? We discuss.   And, companies shifted supply chains from China to other parts of the world like India and Vietnam due to the US trade war…now it’s shifting back to China as those countries grapple with COVID-19. We have an insider’s look at the shifting supply chains.    Plus the President of Kelly’s alma mater, Washington and Lee University, joins with how they’re readying to get students back on campus in the fall.  Learn more about your ad choices. Visit megaphone.fm/adchoices

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"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. "The Exchange" has all that plus "Rapid Fire," our innovative, reporter driven roundtable – which is a discussion of some of the day's most interesting, unusual and at times controversial topics. This series gives today's modern investor the day's top stories, the must reads & a whole lot more.