Closing Bell Overtime: Apple Notches First Record Close of 2025; AWS Outage & Busy Week of Earnings 10/20/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 20 October 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Apple recorded its first record close of the year — Steve Kovach breaks down what’s behind the surge, and Mike Santoli explains its broader market impact. Scott Wren of Wells Fargo weighs in on whether Apple’s record is a bullish signal or a warning sign. Mackenzie Sigalos reports on the AWS outage and its ripple effects, while David George of Baird discusses what regional bank earnings are revealing plus reaction to Zions results. John Leer of Morning Consult assesses the “data desert” facing economists, and Barton Crockett of Rosenblatt previews what’s next for Apple and Netflix. Finally, Guy Adami of Fast Money looks ahead to key signals from gold, volatility, and earnings.

Transcript

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0:00.0	The last standard regulations, Samsara and First Student Reaming the closing bell at the New York Stock Exchange,
0:07.4	the Institute of International Finance, doing the honors at the NASDAQ.
0:11.3	Markets jumping today.
0:12.6	All the major averages finishing up more than 1%.
0:15.6	The Russell, the big outperformer, small caps 2,000, Russell 2000.
0:19.1	That's up nearly 2%.
0:20.2	Hopes for a revolution to resolution to the government shutdown following comments
0:25.9	from NEC director Kevin Hassett on Squawk Box. Apple also kicking the rally into higher gear,
0:31.8	loop capital, upgrading the stock to buy from hold. The stock hitting an all-time high today.
0:36.0	It's the first time we've seen Apple shares
0:37.9	hit a record in 2025. The semi-conductor ETF, the SMH, also hitting a fresh all-time high
0:43.8	on semi-KLA, AMD. Those are the biggest gainers. Only three of the funds, 25 components lower
0:49.0	today. Gold jumping today after a pause in its rally on Friday.
0:54.8	And I just mentioned Apple's first record close of the year.
0:57.4	Well, this is the 49th record close for gold.
1:00.9	The only SMP 500 sector is not rallying today are those traditional safety names, utilities, staples,
1:07.3	and the yield on the 10-year note just below 4% today.
1:11.6	Well, that's the score card on Wall Street, but when you stay late.
1:13.6	Welcome to closing down overtime. I'm John Ford alongside Morgan Brennan.
1:16.6	And coming up, we're going to have much more on Apple's rally, but we're also waiting for results from Zion's Bank Corp.
1:22.6	Stock's been at the center of the regional bank drama, and we're going to see what it says about any potential bad debt on its books. And we are getting ready for the next big earnings.
1:32.9	Netflix reporting right here in overtime tomorrow. That stock having its best day since April.
	...

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