Closing Bell: 5/2/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 2 May 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

From the open to the close, “Closing Bell” and “Closing Bell: Overtime” have you covered. From what’s driving market moves to how investors are reacting, Scott Wapner, Jon Fortt, Morgan Brennan and Michael Santoli guide listeners through each trading session and bring to you some of the biggest names in business.

Transcript

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0:00.0	All right, guys, thanks so much. Welcome to closing bell on this Friday. I'm Scott Wobner,
0:05.5	live and Post 9 here at the New York Stock Exchange. This maker breakout begins with a rally back in
0:10.3	stocks, which is being extended today on that better than expected jobs report and hopes of a
0:15.0	breakthrough in the trade war with China. We'll ask our experts what it all means in just a bit,
0:20.2	including the Wharton Schools.
0:22.0	Jeremy Siegel is back with us today.
0:24.3	In the meantime, we'll show you where things stand with 60 to go in regulation, the S&P,
0:28.8	tracking for its ninth straight day of gains.
0:31.3	That's the longest streak since 2004.
0:33.9	Pretty broad base, too, which points to the strength that we are continuing to see.
0:38.9	Most of the mega caps, they are higher after reporting earnings this week, with the exception of
0:43.9	that one at the bottom of your screen. It is Apple caught right in this tariff storm. We'll follow
0:49.0	that movement into the close. We will also ask the star analyst, Eric Woodring, of Morgan
0:53.7	Stanley, for his big takeaway
0:55.2	this week in that name. It does take us to our talk of the tape. The big rebound for this stock
1:00.6	market, how far it might be able to go. Trade headlines matter a lot, of course, and we did get more
1:06.3	midday. Let's go to Washington where our Megan K Casella is standing by with the very latest.
1:11.3	Hi, Megan.
1:12.6	Hey, Scott, everybody is hungry for any signs of progress on the trade front.
1:17.1	And the Wall Street Journal is reporting now that there could be something of a breakthrough
1:20.8	when it comes to China.
1:22.3	So the journal reported around midday, around noon today that a top Chinese security official
	...

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