4.8 • 118 Ratings
🗓️ 6 August 2025
⏱️ 43 minutes
🧾️ Download 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 Wapner, live from Post 9, here at the New York Stock Exchange. This maker breakout begins with Apple's big breakout and whether today's move is in fact the beginning of an even larger jump in the months ahead. We'll ask our experts today, including star analyst Dan Ives. He'll join me in just a bit. In the meantime, Apple Search today is helping the overall market. Let's show |
0:21.7 | you the scorecard here with 60 to go in regulation. Green for the majors. Internally, though, |
0:26.2 | the action's been pretty evenly split between advancing and declining stocks. Let's talk about |
0:32.2 | some individual movers. Disney shares are lowing, lower following the earnings report. So too for |
0:37.4 | AMD. Target, Walmart, |
0:39.6 | and Costco shares are rising in what's a pretty good discretionary tape today, which does take |
0:44.6 | us to our talk of the tape. The road ahead for Apple. CEO Tim Cook heading to the White House this |
0:49.8 | afternoon in just a little bit. We'll begin there with Megan Casella. What should we be looking |
0:55.1 | out for today, Megan? Hey, Scott. So a lot for these two men to talk about when we expect them |
1:00.4 | in the Oval office later this afternoon. We do expect Tim Cook could be arriving potentially this |
1:04.6 | hour. That meeting in the Oval is set to begin at 4.30 p.m. according to the official |
1:09.2 | White House schedule. And it comes as Apple |
1:11.6 | is making those fresh investment commitments today. So if you top line details, it's an extra |
1:15.9 | $100 billion coming from Apple now, bringing their total investment commitment over the next |
1:20.7 | four years to $600 billion. Apple says part of this will be a new American manufacturing |
1:25.4 | program program to bring more Apple |
1:27.7 | manufacturing and more of its supply chain to the U.S. |
1:31.1 | And Scott, one thing we know about this president and this administration, especially |
1:34.9 | this term, is that investment commitments like this one are one of the things that most |
1:39.4 | quickly gets the president's attention. |
1:41.2 | This is exactly what he wants to see from companies as well as from |
1:44.6 | foreign countries. And so this is a big turnaround for Apple, which after as recently as May, |
... |
Transcript will be available on the free plan in 7 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.