Closing Bell Overtime: Apple’s Bad Week; Retail In Foocus; the Nuclear Comeback 5/23/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 23 May 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Apple’s rough stretch continued as new political and regulatory headlines piled on. Eamon Javers reports on President Trump’s comments targeting Apple, while The Verge’s Nilay Patel and Evercore’s Amit Daryanani unpack what it all means for the investors. Jose Rasco of HSBC breaks down this week’s market action. Our Pippa Stevens reports on renewed interest in nuclear stocks after a White House executive order. Venture capitalist Bradley Tusk shared insights on Apple’s government battles and the state of IPOs. Joe Feldman of Telsey Group on what this week’s retail earnings mean for the consumer and clues on next week’s key reports.

Transcript

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0:00.0	That bell marks the end of regulation.
0:02.3	U-Haul holding company.
0:04.3	Bringing the closing bell at the New York Stock Exchange,
0:06.1	the Chilean finance minister doing the honors at the NASDAQ.
0:09.8	Stocks closing in the red, but off the worst levels,
0:12.3	the Dow and S&P, lower for the fourth straight day.
0:15.2	For the week, the major indices all down about 2%.
0:19.2	Treasuries were the story in the last few days. The 10-year yield ending below
0:23.4	the 4.5% mark, the level that sparked a sell-off earlier this week. Apple in the spotlight on
0:29.4	the president's newest tariff threat. Stock falling below $3 trillion in market cap down 7% this week.
0:35.8	More on that ahead. And a retail earnings wreck for Decker's and
0:39.7	Ross stores. Ross withdrawing its guidance. Decker's not giving any. This week's IPOs, though,
0:45.3	moving higher. Mountain up about 2%. Hinge Health up more than six. And U.S. steel soaring into the
0:51.6	close. The president posting on truth social that the company had
0:54.7	agreed to form a, quote, planned partnership that U.S. Steel would remain in the U.S.
1:01.3	That's the scorecard on Wall Street, but winter stay late.
1:04.0	Welcome to closing bell overtime.
1:05.1	I'm John Ford.
1:06.1	Morgan Brennan is off today.
1:07.8	Now let's begin with the latest tariff turmoil.
1:10.8	President Trump threatening a 50%
1:12.6	tariff on the European Union, 25% on iPhones, insisting Apple can make them in the U.S.
	...

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