AI Trade Cooldown; Andreessen Horowtiz’s Katherine Boyle on Private Markets; Lessons from Gig Earnings 11/7/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 7 November 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Are markets starting to rotate out of tech? Jim Paulsen of Paulsen Perspectives weighs in as investors reassess the rally. On Capitol Hill, Emily Wilkins tracks the latest on the government shutdown. Mark Mahaney of Evercore ISI breaks down gig economy earnings and investor takeaways. Dana Telsey dives into retail and consumer trends. Plus, Kathy Boyle of Andreessen Horowitz joins to discuss the cooling AI trade and OpenAI’s leadership drama. Also featuring travel disruptions with Phil LeBeau and a look at next week’s catalysts with Adam Crisafulli of Vital Knowledge.

Transcript

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0:00.0	Well, that's the end of regulation.
0:09.0	World leaders in data and AI ringing the closing about the New York Stock Exchange.
0:12.0	Apex Treasury doing the honors at the NASDAQ.
0:15.0	A big intraday turnaround for stocks.
0:18.0	That's on news of a possible end to the government shutdown or at least
0:21.9	movement in that direction. Coming as the University of Michigan report showed growing fears about
0:27.0	the consumer. The doubt basically flat. The S&P 500, similar story. The NASDAQ about a quarter of a
0:33.6	percent lower. The Russell 2000, that closed higher up about half a percent. We had losses
0:38.8	on the week, though. The NASDAQ, the hardest hit, having its worst week since the tariff
0:42.9	turmoil back in April. Tech, communication services, consumer discretionary. Those are the
0:47.3	worst sectors, both for the day and the week. Tesla, Nike, Chipotle, leading the consumer
0:52.4	names lower. Chipotle today hitting its lowest level in more than two and a half years.
0:57.0	Bitcoin, ether gold, all higher today, but ether's still down 11% on the week.
1:02.8	That's the scorecard on Wall Street, but winner stay late.
1:05.2	Welcome to closing about overtime.
1:06.3	I'm John Ford alongside Morgan Brennan.
1:08.4	Ahead, text tumultuous week as the AI spend narrative
1:12.2	remains under scrutiny is the foundation
1:14.8	of this market rally starting to crack.
1:17.3	Plus, consumer sentiment hitting the lowest level
1:19.4	in more than three years and just off its worst level ever.
1:23.3	Could it mean, what could it mean for the retailers
	...

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