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Closing Bell

Closing Bell 5/20/25

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 20 May 2025

⏱️ 43 minutes

🧾️ Download transcript

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

Click on a timestamp to play from that location

0:00.0

Welcome to Closing Bell. I'm Mike Santoli in today for Scott Wapner. Well, on the seventh day,

0:07.5

stocks rested. A six-day win streak for the S&P 500 is on track to end at this point. So far, it is more of a

0:14.5

modest dip than a sharp pullback. You see the S&P 500 down to about three quarters of 1%.

0:19.6

Most of that downside happening in the last half hour.

0:22.6

The scorecard, here it is, with 60 minutes to go in regulation.

0:25.6

The big cap index is pretty much all lower as markets digest a powerful six-week rally running into this week.

0:31.6

The small cap brussel 2000, a rare bit of outperforming today.

0:35.6

It actually was in the green until just a little while ago. It's a little bit of outperformance today. It actually was in the green until just a little

0:37.7

while ago. It's a little bit of a turnabout. Treasury yields, they are mostly steady hovering

0:42.2

just below Monday's highs, which were also multi-month highs, as bond traders focus on the federal

0:47.4

budget making process in the absence of major macro releases today. The biggest upside contributor

0:53.4

to the NASDAQ and the S&P 500, yeah,

0:56.0

it still is Tesla, even with the stock up just about three quarters of 1% it was up 2 to 3%

1:00.6

earlier. It is sitting at about a three month high as well. That takes us to our talk of the

1:06.9

tape. Tesla CEO Elon Musk going on the record with our own David Faber, talking everything

1:11.6

from Doge to driverless cars. We have full team coverage standing by with reaction. Tesla analyst

1:17.3

Dan Ives is here at Post 9. We're also joined by Tesla shareholder, Brent Talkington. But let's first

1:22.6

start with Phil LeBow on more of what Elon Musk said, Phil. What struck you most?

1:29.8

A little more detail regarding what's going to be happening when it comes to the Robotaxy

1:34.2

Network and then eventually the rollout that leads ultimately to the Cybercab. But remember,

1:39.6

Cybercab, that doesn't really start until production next year. And we're a ways off from seeing that become reality.

1:46.0

But with regard to the Robotaxi network, Elon Musk confirmed that there will be the launch of that network in Austin next month in a geo-fenced service area.

...

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