Stocks are falling, as Jerome Powell suggested he’s open to a 50bps hike if inflation warrants it. This as markets come off their best week since late 2020. But a key strategist says the Fed has played its cards “perfectly” here, and the market loves a credible central bank. We’ll explore. Plus, Warren Buffett is buying another insurance conglomerate, and Berkshire shares are hitting all-time highs. Is the Buffett way back? We’ll debate. And, a rift is growing between Disney CEO Bob Chapek and his predecessor Bob Iger. We’ll tell you how it started and where things might go from here.

The hawkish headlines just keep coming from the Fed, and yet stocks continue to grind higher. Fed Governor Christopher Waller told CNBC that “inflation is raging” and the central bank needs to get more aggressive. Is he right? We’ll debate. Plus, the Dow and S&P are having the best weeks since November 2020. But we’ll hear from someone who says you might want to sell this rally. And, CNBC’s Next Generation 50 index is having its best week of the year. Our trader picks 2 names with room to run, and 2 more that are past their prime.