Closing Bell: Bitcoin Surges on U.S. Uncertainty 5/8/25
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 8 May 2025
⏱️ 43 minutes
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| 0:00.0 | Welcome to closing bell and Scott Wobner live for post night here at the New York Stock Exchange. |
| 0:03.6 | This make-a-break hour begins with rising stocks as a trade agreement with the UK gets announced, |
| 0:08.8 | called by some a small win. Nonetheless, though, enough to send the major averages higher this hour. |
| 0:14.9 | Here's how things look. With 60 to go in regulation, we are, as I said, in the green across the board, nicely so as well. We'll have more |
| 0:21.9 | from the White House in just a moment on the comments by President Trump today that added a leg |
| 0:26.3 | to the jump in the market. Alphabet, worth watching. It's bouncing back today following one of its |
| 0:31.0 | worst days in years on concerns about its search business. There's the stock, two and two-thirds |
| 0:35.6 | percent. Most of the other mega caps are all |
| 0:37.7 | slow higher today. Tesla, a better than 4 percent worth watching, and we will certainly do |
| 0:42.9 | that. It does take us to our talk of the tape. How far can this bounce back go? Let's first go |
| 0:48.2 | to the White House and our own Aman Jabbers. He was in the Oval Office earlier today. |
| 0:53.3 | Amen? Yes, Scott. The president said it's a good time to Office earlier today. Amen. |
| 0:59.2 | Yes, Scott. The president said it's a good time to buy stocks today. The comment came in the context of his discussion about the tax bill coming up. They say is going to stimulate economic |
| 1:04.3 | activity. They say there are a lot more trade deals waiting behind this one. The president |
| 1:08.3 | expressing some optimism about the negotiations that |
| 1:12.0 | are going to happen in Switzerland with the Chinese delegation and Treasury Secretary Scott Besant |
| 1:16.8 | over the weekend. Here's what he said, though, on the stock market. Take a listen. |
| 1:21.0 | I believe it's the biggest bill of its kind. I'll let you know we have to get a vote, |
| 1:24.5 | but we have a lot of support for that bill bill and if that happens on top of all of these trade deals that we're doing |
| 1:33.6 | this country will hit a point that you better go out and buy stock now let me |
| 1:40.0 | tell you this this country will will be like a rocket chip that goes straight up. |
| 1:45.0 | Scott, the president there saying, you better go out and buy stock now. |
... |
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