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Closing Bell

Closing Bell: Meta, Tesla Under Pressure & Fed Falling Behind the Curve? 5/6/25

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 6 May 2025

⏱️ 33 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, welcome to closing bell. I'm Scott Watner live from Post 9 right here at the New York Stock Exchange.

0:04.9

This maker breakout begins with stocks on edge today. A Fed decision, less than 24 hours away now.

0:10.6

No progress at all either on trade talks with China. We'll get to all of that. But here's how the majors look with 60 to go in regulation.

0:17.1

A defensive day really from the jump today. Utilities are the best performing space.

0:21.6

That kind of says it all.

0:22.6

The VIX pushing 25 yields are steady.

0:25.6

The tenure, though, has been backing up lately, and that is something to keep an eye on, too,

0:29.6

plays into the Fed decision and the meeting, obviously.

0:32.6

We'll get to all of that in a bit.

0:33.6

We'll also ask the Wall Street Journal's Nick Timoros, what Chair Powell might say tomorrow about the Fed's policy path and the current economic environment. Can't wait for that.

0:42.7

It does take us to our talk of the tape today that road ahead for stocks, given the big comeback

0:47.0

and the very big issues still hanging over this market. One of those, of course, being a trade

0:52.2

deal with China, did get some insights into that today,

0:55.8

both from the Treasury Secretary and the President himself.

0:58.9

For that, we go to Amon Jabbers in Washington.

1:01.2

Amen.

1:02.2

Hey there, Scott, that's right, in an Oval Office session where he notably shifted his tone on trade.

1:07.6

President Trump confirmed what Treasury Secretary Besson had said earlier in the day.

1:11.6

There have not been negotiations with the Chinese on trade yet, although he suggested that the

1:16.0

Chinese want to have such conversations. Now, in his appearance alongside the new Canadian

1:21.1

Prime Minister Mark Carney, the president minimized the importance of reaching trade deals

1:26.1

at all. Since the president put in a 90-day

...

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