Closing Bell: Can the Rebound Continue? 3/24/25

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 24 March 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

How much can stocks keep rebounding if daily tariff twists and turns keep coming? We discuss with Solus’ Dan Greenhaus, Stephanie Aliaga of JPMorgan Asset Management and Neuberger Berman’s Shannon Saccocia. Plus, top analyst Mike Mayo is forecasting 20% upside in one bank stock. He tells us which one and why. And, Allianz’ Mohamed El-Erian tells us where he sees stocks headed from here.

Transcript

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0:00.0	Welcome to closing bell. I'm Scott Wapner live from Post 9 here at the New York Stock Exchange.
0:04.0	This maker breakout begins with stocks bouncing to begin this week. The scorecard looks like this with 60 to go in regulation.
0:10.4	It is a strong day for the NASDAQ and the Russell, really all the way around. But those are the indices leading the way.
0:16.7	Discretionary stocks far outpacing other sectors today. And that is thanks to a sharp jump in shares of Tesla.
0:23.5	Tech, one of the better groups overall, in fact, is meta, Nvidia, and some of the other chip stocks rise today.
0:29.2	We'll have more on that in just a moment.
0:31.4	It does take us to our talk of the tape.
0:33.3	How much stocks can keep rebounding if those daily tariff twists and turns keep coming. Let's begin
0:39.2	with Amon Javvers at the White House with the very latest on that. Always developing story.
0:44.1	Amon, what is the latest? Well, Scott, we got a couple more twists and turns just in the past
0:48.2	couple of moments. President Trump just hosting an event with some Hyundai executives announcing
0:53.1	a major investment in Louisiana,
0:55.0	brought some reporters into the room for that event.
0:58.0	I had the chance to ask him a couple questions about these tariffs that he's been talking about today.
1:02.0	I asked the president about this idea of tariffs on Venezuelan countries or countries that do business with Venezuela.
1:09.0	He's tweeted earlier today that he wants to put 25% tariffs on any country that do business with Venezuela. He's tweeted earlier today that he wants to put
1:11.6	25% tariffs on any country that does business with Venezuela. I asked the president if those 25%
1:18.1	tariffs are on top of existing tariffs on those countries. He said, yes, they are. I said,
1:22.9	does that mean you're contemplating 45% tariffs on China next week? He said, yes, those tariffs would be on top for any country that's doing business with Venezuela.
1:32.9	As we know, China buys a lot of oil from Venezuela.
1:35.2	So if this goes into effect next week, it could be a significant disruption for people who are importing from China.
1:41.0	I also asked the president about this idea of reciprocal tariffs next week on April
	...

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