Closing Bell Overtime: Advertisers Pay Big for Super Bowl & Intuitive Machines CEO 02/07/25

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 7 February 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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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	Well, that's the standard regulation. Millrose property is ringing the closing bell at the New York Stock Exchange suit up doing the honors at the NASDAQ.
0:06.6	New inflation, terra fears fueling a selloff. Inflation data, I should say, a selloff for the week. That's a scorecard on Wall Street for the actions just getting started.
0:15.7	Welcome to closing bell overtime. I'm Morgan Brennan. John Ford is off today. Well, the Dow falling for a second straight day,
0:21.1	the S&P 500 and the NASDAB, both snapping three-week winning streaks after a higher than
0:26.6	expected jump in wage growth, weak consumer confidence data, and President Trump promising reciprocal
0:31.9	tariffs on some countries as soon as next week. Coming up, former Council of Economic Advisors Chairman Jason Furman
0:39.2	on the potential economic fallout from more tariffs. Plus, Palantir is up roughly 40% this
0:46.6	week. Palantir co-founder, Joe Lonsdale, weighs in on the stock's amazing run and where he is
0:52.4	putting money to work through his venture fund.
0:55.3	But let's bring in Unlimited CEO, Bob Elliott and G-squared private wealth founder, Victoria
1:00.0	Green. It's great to have you both here. We had a down day for the major averages, and we had
1:04.9	everything but the NASDAQ 100 finishing the week lower, Bob. We really saw this particularly
1:10.6	today on the heels of the data we got
1:12.9	this morning and the bond market reacting. It really seems like treasuries are in the driver's
1:17.7	seat here. Yeah, I think we've got a combination of challenging environment for stocks.
1:22.3	We've got the uncertainty related to tariffs. We started the week with tariffs and we've
1:26.0	ended the week with tariffs. And that uncertainty is the sort of thing that rattles the stock market. On top of that,
1:32.3	not just the tariff inflationary pressures, but we're also seeing underlying inflationary
1:37.4	pressures that are not quite yet resolved. A lot of concerns, both from consumers
1:41.6	and from what we see in the wage data, that inflation is not beat the way
1:47.2	maybe the Fed thinks it is.
1:48.7	Victoria, I want to get your thought on the market here because there's been a lot of talk
	...

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