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Closing Bell

Closing Bell: Market Churns on Tariff Twists 03/06/25

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 6 March 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

We break down what’s at stake for your money with our all-star panel including Sofi’s Liz Young Thomas, NewEdge’s Cameron Dawson and our own Kristina Partsinevelos, Seema Mody and Steve Liesman. Plus, Apollo Global Management’s Brian Fuertado reveals where he is seeking safety amid the market uncertainty. And, we drill down on some big moves in the energy space.

Transcript

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0:00.0

All right, thanks very much. Welcome to the closing bell. I'm Scott Wobner live from Post 9 here at the New York Stock Exchange.

0:06.4

Today this make or break hour begins with tariff, twists and turns, and a market caught smack in the middle yet again.

0:12.3

It has led to a level of uncertainty on Wall Street, not felt in a while, and it has continued to play out here in real time.

0:20.0

Let's take a look now at the major averages at the very moment,

0:23.1

another day of volatility stocks have been whipping around.

0:26.9

That's the current picture now.

0:28.3

The big news today was the S&P 500,

0:30.9

breaking below its 200 day moving average

0:33.0

towards the end of halftime earlier today.

0:36.1

The VIX on the rise, above 25. We're watching that closely,

0:40.7

too. That's a spike of some 17%. We're watching the NASDAQ today as well, which is under more

0:45.7

pressure, not only from the mega caps, but to the high momentum names which continue to unwind.

0:51.5

We'll watch all of that very closely over this final stretch as well.

0:55.5

It does take us to our talk of the tape, the road ahead for stocks and your money.

0:59.4

Let's bring in our experts, Liz Young Thomas, SOFI's head of investment strategy.

1:03.9

Cameron Dawson, chief investment strategist at New Edge Wealth, both here at Post 9.

1:09.3

Christina Parts of Nevelos watching the sell off in chips. That's

1:12.3

dramatic. Sima Modi is all over the momentum names, which we already told you, are under more pressure

1:17.5

again. Steve Leesman looking at what all of this says about the current state of the U.S. economy. Liz,

1:24.2

I'll just go to you first. Your feelings and thoughts as you watch this market

1:28.1

being pushed and pulled all over the place. I mean, it's chaos right now, right? We're in a

1:33.4

chaotic environment. The market is obviously not calming down even with the recent announcement,

...

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