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Closing Bell

Closing Bell: Navigating the Geopolitical Uncertainty 3/12/26

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 12 March 2026

⏱️ 46 minutes

🧾️ Download transcript

Summary

Solus’ Dan Greenhaus and CIBC’s Chris Harvey tell us what the recent developments out of Iran and the big moves in oil could mean for the market in the days and weeks ahead. Plus, Wilfred Frost caught up with U.S. Treasury Secretary Scott Bessent on the strait of Hormuz, the war in Iran and much more. He brings us some of the highlights. And, Morgan Stanley’s Chris Toomey is one of the country’s top financial advisors tells us how he is advising his clients right now.

Transcript

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0:00.0

All right, guys, thanks so much.

0:01.8

Welcome to Closing Bell.

0:02.8

Scott Wobbner live from Post 9 here at the New York Stock Exchange.

0:05.9

This maker breakout begins with yet another dicey day on Wall Street.

0:09.1

Oil prices rising, stocks falling once again.

0:12.3

There's a scorecard with 60 to go, crude, most important.

0:16.3

Look at Brent.

0:17.2

It has settled above $100 a barrel for the very first time since August of 2022.

0:23.6

Not surprisingly, as crude has moved up, stocks have moved down.

0:27.6

Let's show the majors once again, just so we can underscore what's happening here.

0:31.6

We're down almost 700 on the Dow, almost 1.5%.

0:35.6

NASDAQ down about one and two thirds.

0:38.1

Banks, the private equity and credit names have been weaker.

0:42.0

If oil's up, the airlines, the cruise ships, they're all lower.

0:46.0

That's been the story really since this whole conflict started in the Middle East.

0:51.9

We can cycle through some of those.

0:53.4

You get a look at what the

0:54.2

airlines are doing. Jet fuel prices are up. Maybe demand is down over the big picture. Certainly

1:00.2

in certain parts of the world, flights aren't going and the stocks are falling. Carnival's down

1:04.6

7%. Tech, we showed you the NASDAQ, mostly lower. Mega caps have been mostly in the red

1:10.3

today too. I did notice at least

1:12.3

earlier that Microsoft was green. It is no longer. But we'll watch all of that, obviously,

...

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