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Closing Bell

Closing Bell: 6/4/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 4 June 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

All right, guys, thanks so much. Welcome to closing bell. I'm Scott Walker, live from Post 9 here at the New York Stock Exchange.

0:06.5

This make or breakout begins with drama in D.C. and stocks taking a very watchful eye today.

0:12.0

The future of the tariffs, the tax bill, even the war in Ukraine, all in focus and keeping a bit of a lid on the majors today.

0:18.6

Let's show you the scorecard with 60 to go in regulation, a fairly

0:21.7

mixed picture. The S&P trying to claw close to a new all-time high. Energy, a decliner today.

0:28.1

It's the weakest of the sectors in terms of single stock stories today. Crowdstrike is certainly

0:33.6

one, giving back some of its recent gains after its guidance failed to wow the street.

0:38.9

Wells Fargo is green today after the Fed removed an asset cap after some seven years.

0:44.2

It's barely green, though, and that's worth taking note of.

0:47.1

It does take us to our talk of the tape where this market might be heading after a May to

0:50.7

remember and some new economic data today pointing to a slowing economy.

0:55.7

It's been another busy day in D.C., as we said.

0:58.3

We'll begin there, Emily Wilkins, and that big brawl brewing over the GOP's tax bill.

1:04.1

Emily, what is the latest this hour?

1:07.5

Hey, Scott. Well, yeah, Republican leaders, they are really scrambling to keep their narrow majorities in line.

1:12.6

After Elon Musk threatened to oust members who support the Trump mega bill, he actually just tweeted again, call your sender, call your congressman to kill the bill.

1:21.6

Now, Speaker Mike Johnson told reporters today that Musk's assessment of the bill is flat wrong, but he added that he

1:29.3

thought that he and Musk were actually on the same page just on Monday after they chatted.

1:34.2

Listen to what he had to say.

1:36.5

Elon and I left on a great note.

1:37.9

We were texting one another, you know, happy texts, you know, Monday.

1:41.6

And then yesterday, you know, 24 hours later, he does a 180 and he comes out

...

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