Closing Bell: AI Investments, Warren Buffett's Investing Legacy 5/5/25
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 5 May 2025
⏱️ 42 minutes
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| 0:00.0 | Welcome to closing bell. Scott Wobner, live from Post 9, right here at the New York Stock Exchange. |
| 0:04.0 | This make-or-break hour begins with a winning streak for stock, nine days and counting. |
| 0:08.5 | A little bit in jeopardy as we do begin this final stretch. |
| 0:11.3 | Here's where things stand with 60 to go in regulation. |
| 0:14.5 | We're fairly muted today, more down sectors than up. |
| 0:17.3 | We are coming off the worst levels of the day by far, though. Investors continue to weigh the |
| 0:21.8 | impact of the trade war following the bulk of mega cap earnings last week, Microsoft and Meta and |
| 0:27.4 | Alphabet. You see there, they're all green today. Apple, though, not so much. It remains in the red |
| 0:33.4 | down by almost two and a half percent, 200 bucks even that's what we'll call it we'll |
| 0:37.7 | track it over this last stretch interest rates they're ticking up today too that could be keeping |
| 0:42.6 | a little bit of a lid on the market as well a very big story today is crude oil sinking to its lowest |
| 0:49.5 | level of the year on opex plan to increase production there is, $57. It's been right around that level |
| 0:56.9 | for the day, and we'll follow that too. It does take us to our talk of the tape, the rebound, |
| 1:02.3 | and where things are heading from here. A lot obviously depends on trade deals. And on that note, |
| 1:08.3 | we start out in Beverly Hills today with our own Sarah Eisen, |
| 1:11.2 | who interviewed the Treasury Secretary earlier and made some headlines. Hi, Sarah. |
| 1:17.4 | Hi, Scott. Good to see you. Treasury Secretary Scott Besson is here at the Milken Conference |
| 1:22.4 | with all the heavyweights in global finance and the bank chiefs to deliver a message reinforcing growth and |
| 1:31.1 | investment in President Trump's economic agenda. And also, Scott, trying to redirect the |
| 1:36.1 | conversation. So it's not just all about trade, but it's also about the tax deal, which he's |
| 1:41.3 | knee-deep in negotiations with Congress and is trying to pass by |
| 1:44.6 | July 4th and deregulation. Of course, I asked him for an update on trade, and he sounded pretty |
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