Closing Bell: Market Choppiness, DOGE & Trump on Interest Rates & Tariffs 02/13/25
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 13 February 2025
⏱️ 27 minutes
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| 0:00.0 | All right, welcome to closing bell. I'm Scott Wapner here at the New York Stock Exchange. |
| 0:02.8 | That, of course, the president. That was tape playback of President Trump announcing reciprocal tariffs on U.S. trading partners. |
| 0:09.6 | They charge us a tax or tariff, and we charge them. That's what the president had to say. |
| 0:13.8 | Could be additional ones as well, said President Trump, importantly. |
| 0:18.1 | And the reason why the market is probably acting the way it is |
| 0:21.3 | and is actually higher now than it was when all of this began is because these tariffs, |
| 0:26.1 | these reciprocal tariffs, will not go into effect right away. |
| 0:30.1 | There will be a study, Howard Lutnik, the proposed Commerce Secretary, saying that that |
| 0:35.0 | study should be done by April the 1st. So we're watching all of that. |
| 0:40.3 | Amon Javers was in the room at the White House. He joins us now. Frankly, Amen, at times, |
| 0:46.9 | it felt like you had a chair pulled up to the Resolute Desk because I heard numerous questions |
| 0:51.8 | from you, obviously about terrorists, but a number of other topics |
| 0:56.8 | as well. What can you tell us? Yeah, look, the president for an hour there took our questions |
| 1:02.1 | and just a small group of reporters gathered around the desk. We were standing, not in shares, |
| 1:06.7 | but yeah, I mean, he, top of the head, no notes notes any topic we wanted to fire a question at him |
| 1:12.5 | uh... he was happy to take them a couple of interesting nuggets to me one is i asked him about |
| 1:17.3 | elon musk in his role in this government because there's this question of conflict of interest |
| 1:20.8 | with elin musk |
| 1:22.1 | elin walked across the street from the white house today to go over to blair house |
| 1:26.0 | where prime minister narendra modi of ind India is staying in advance of his meeting here this afternoon. |
| 1:30.3 | Musk had a meeting with Modi earlier CEO to head of state and I asked the president when Elon Musk, given his role here now, has a meeting with Narendra Modi, is he having that meeting as the CEO of Tesla or is he having that meeting as a representative |
| 1:45.1 | of the American government? And that gets to this conflict of interest question about what |
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