Closing Bell Overtime: Amazon's Sports Investments, The State of the Auto Industry 5/9/25

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 9 May 2025

⏱️ 43 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	It is the end of regulation on a Friday. Intercontinental Exchange, the New York Stock Exchange's parent company, ringing the closing bell at the NYSE.
0:08.1	Wagner College School of Nursing doing the honors at the NASDAQ.
0:12.0	Major averages in wait and sea mode for most of the day.
0:15.7	The S&P 500 finishing right near the flat line on a one day basis and even for the week down about
0:21.5	one half of one percent key trade talks between the u.s and china this weekend the most sectors
0:27.2	finishing the day in the green just barely that's the scorecard on wall street but the action
0:33.0	just getting started welcome to closing bell overtime of mike'm Mike Santoli Morgan and John are off today.
0:38.8	Coming up this hour, Tesla finishing up the week on a high note, closing out its third week of gains in a row as hope builds around the benefits of trade deals.
0:47.5	Former Ford CEO Mark Fields will join us to discuss what's really driving that rally.
0:51.8	Plus a rare interview with Amazon's head of Prime Video,
0:55.2	Mike Hopkins, as President Trump threatens tariffs this week on foreign-made films.
1:00.3	Let's now get straight to the market action. Joining us now is CFRA Research Chief Investment
1:04.8	Strategist Sam Stolval and Ariel Investments Vice Chairman Charlie Babrenzko. Guys, good to see you both.
1:10.6	Thanks a lot for joining me here. Sam, good to see you both. Thanks a lot for
1:11.2	joining me here. Sam, it's an interesting spot. The market finds itself in a little bit of a
1:16.2	crossroads, right? We had a near bear market or a severe correction. About a month ago,
1:20.7	we start rallying. We kind of regain more than half of it. Now, some bear market rallies can be
1:25.6	this strong, but maybe not all of them. So how are you
1:28.4	thinking about the environment and what the market has told us this week? Well, you brought up a good
1:33.2	point, Mike. Good to see you again. First off. Basically, about two out of every three bear markets
1:39.0	since World War II did have a very strong bear rally and actually got within 2% of the 200-day moving average,
1:47.5	as we are right now. Some even went above the 200-day moving average, only to then turn around
	...

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