4.8 • 118 Ratings
🗓️ 30 April 2025
⏱️ 43 minutes
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0:00.0 | All right, guys, thanks so much. Welcome to closing bill. I'm Scott Wobber, live from Post 9 here at the New York Stock Exchange today. |
0:06.5 | This maker breakout begins with the next 100 days for President Trump. Whether the stock market can stage a major comeback, the economy weakening, the trade war, far from finished. |
0:15.9 | We'll ask our experts over this final stretch what might be in store for investors in the weeks, if not months ahead? |
0:21.7 | In the meantime, your scorecard was 60 to go. Looks like this. The first negative GDP print in years |
0:26.7 | sending the major averages into the red today. We are off the lows, though. PCE was hotter, |
0:32.0 | ADP was weaker, stagnation fears seem to be increasing today. We are watching the NASDAQ very closely as well, given what's to come in overtime tonight, |
0:40.6 | META and Microsoft vote reporting. |
0:42.6 | We will walk you up to those highly anticipated earnings reports. |
0:46.5 | You can bet on that with our experts. |
0:49.4 | It does take, there's the stocks today, it does take us to our talk of the tape. |
0:52.9 | Where exactly is this economy and stock market going? |
0:56.1 | Let's welcome our panel. Steve Leesman, CNBC's senior economics correspondent, Stephanie Link, with Hightower and a CNBC contributor, Dan Greenhouse of Solace Alternative Asset Management. |
1:06.4 | It's good to have everybody with us. Steph, you looked into the data today and didn't come out as gloomy as some |
1:11.8 | others. No, the headline number was disappointing, negative point three, but if you do look |
1:16.8 | underneath the surface, business equipment investment rose 22%. Consumption rose 1.8%. And yes, |
1:24.5 | it's down from 4% last quarter. I get it. However, it is actually better than what people were thinking, like 1, 1.2%. |
1:31.3 | And then, of course, you look at final sales to private domestic purchases. That was up 3%. |
1:38.3 | That strips away a lot of the noise, trade and inventory and government spending. So you get true demand, and that demand was 3%. |
1:47.0 | So it is a better than expected number, and that's why we actually rallied from the lows, |
1:52.0 | not out of the woods. I understand GDP is actually backward-looking, |
1:55.0 | but the other data points today that I was excited about, |
1:58.0 | personal income and personal spending. |
... |
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