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Closing Bell

Closing Bell: Coinbase Joining the S&P 500, The Bull Case for Super Micro 5/13/25

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 13 May 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

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0:00.0

All right, guys, thanks so much. Welcome to closing bell. I'm Scott Wobner, live from Post 9 here at the New York Stock Exchange. This make or break out begins with new records within reach. How quickly things have changed in this market over the past handful of days. We'll ask our experts now over this final stretch how far stocks can really rally. In the meantime, your scorecard looks like that with 60 to go in regulation.

0:21.6

NASDAQ is leading the way yet again. It is a big day for shares of NVIDIA. And coming up,

0:27.6

we'll tell you what has that name on the move by some 6% today. We're on Amazon Watch 2 this hour.

0:33.6

That stock on its longest winning streak since December. Kate Rooney will join us and tell us more about that stock's recent run.

0:41.3

And Tesla shares up 10% on the week, which is only two days old at this point. We'll watch those two up another 5.5% today.

0:49.4

It takes us to our talk of the tape, whether new highs are possible and much sooner than many had expected.

0:55.9

Let's ask Dan Greenhouse. He is soulless alternative asset management's chief strategist with me here

1:00.8

at post nine. The rebound in this market has been incredible, as bespoke points out, just a short

1:08.5

time ago. The last time the S&P erased a 15% year-to-date decline in

1:14.9

under six weeks was 1982. It says a lot about what we've done here. I think it says more about

1:22.7

the drop than it does the rebound because there is a symmetry here, as a lot of market

1:28.0

practitioners know. Oftentimes the speed or the rapidity with which you experience

1:34.4

declines says something about how fast you come back, thinking out loud because I

1:39.2

wasn't aware of that stats. Something like the Thai Bot Crisis in 97 comes to mind. The devaluation, 2011 took a little longer,

1:47.8

not the devaluation, the downgrade. So I think there is something to be said for how fast we've

1:52.4

come back. But at the same time, just to repeat, that sell-off was 20% basically top to bottom

1:59.6

on worst-case outcomes that were really unlikely to come to

2:03.2

pass and since then have proven unlikely to come to pass. And so in conjunction with a pretty

2:07.9

strong first quarter earning season, I don't know why you wouldn't have recouped most of,

2:11.6

if not all, of that decline. Yeah, but I mean, you know, last Thursday or Friday, I don't know

2:16.5

if you had many takers on 5,900 on the S&P by Tuesday.

2:20.8

No, that's fair.

...

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