The biggest bank takeover since the crisis, the 2020 political ad problem and the fight for housing in California

Morgan Stanley is buying E*Trade in a $13 billion deal, the largest since the financial crisis… why Morgan wants it and what it means for retail investors. 2016 was the year of political ads on social media, but in 2020, the ads are moving to streaming services…which presents a big problem for regulators. We discuss. And you know NIMBY, meet YIMBY…the movement gaining steam in California as more people are priced out of the housing market. Learn more about your ad choices. Visit megaphone.fm/adchoices

Om Podcasten

"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.