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Closing Bell

Closing Bell Overtime: AI Trade at Risk? 9/25/25

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 25 September 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

As a government shutdown looms, Barbara Doran of BD8 Capital and Kevin Gordon of Schwab weigh in on markets against stronger-than-expected economic data. Emily Wilkins reports on whether mass federal firings are really possible, while Eamon Javers digs into the latest TikTok deal developments. On the corporate front, Melissa Repko breaks down Costco earnings, TD Cowen analyst Andrew Charles joins on Starbucks job cuts, and Okta CEO Todd McKinnon shares his outlook. Sara Malik of Nuveen debates whether the AI trade is showing shades of the dot-com bubble, and Mike Ozanian details the Patriots’ stake sale to private equity firm Sixth Street.

Transcript

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0:00.0

The bell marks the end of regulation.

0:03.0

Tetra technology is ringing the closing belt in the New York Stock Exchange.

0:06.0

Try hard holdings, through the honors at the Natdak and stocks are lower.

0:10.0

Once again, the major averages down for the third straight day.

0:13.0

Shares of Apple gaining, though, heating their highest levels of the year.

0:16.0

Apples within just a few bucks of the all-time high from last Christmas.

0:20.0

Healthcare, consumer discretionary, and materials leading the way lower, energy, the one sector

0:24.8

in the green, and bond yields mostly higher, following GDP, coming in better than consensus,

0:29.6

also fewer than expected jobless claims in the latest week. Gold's flat, but the retreat continuing

0:35.4

in crypto, ether now down 15% in a week.

0:39.3

Well, that's the scorecard on Wall Street. Welcome to Closing Bell Overtime. I'm Morgan Brennan,

0:43.4

along with John Ford. Coming up on overtime, we will get results from Costco. This is always a key

0:48.3

consumer company to watch. We'll bring you those numbers as soon as they are released.

0:52.6

And we'll also hear from the CEO of Octa as the company hosts its annual Octane conference.

0:57.9

And Starbucks to cut more jobs, close more locations.

1:01.3

Is this just a necessary part of the turnaround effort?

1:04.3

Or are bigger problems percolating?

1:07.0

Well, let's start with that third straight-down day for the major averages,

1:10.5

some of the hottest parts of the market leading the cool down.

1:13.3

Christina Parts and Nevelis here with the details.

1:15.1

Christina.

1:15.6

Well, like you said, stocks did close in the red for the fourth straight day with every sector finishing lower except energy, which continues really bucking the broader trend.

...

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