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Closing Bell

Closing Bell Overtime: "Blackrock-Backed Self Driving Startup on New Platform for Autonomy; Toll Brothers Earnings Tea Leaves" 8/19/25

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 19 August 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

Markets correspondent Kristina Partsinevelos kicks off today's show with key market themes, followed by Rick Santelli on bond market movements from the CME. Charles Bobrinsky, Vice Chairman and Head of Investment Group at Ariel Investments, and Tim Urbanowicz from Innovator ETFs break down the latest market action. We preview Target earnings with Zihahn Ma from Bernstein. In a major autonomous vehicle development, Applied Intuition Co-Founder & CEO Qasar Younis joins us to discuss the company's new self-driving system launch and expansion into passenger vehicles. Plus, Angelica Peebles covers Viking Therapeutics, and Alan Ratner from Zelman & Associates analyzes Toll Brothers earnings and the broader housing market outlook.

Transcript

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0:00.0

That's the standard regulation. Action Against Hunger ringing the closing bell at the New York Stock Exchange.

0:07.2

Clover helped doing the honors at the NASDAQ. Well, stocks moving lower today as tech and some of this year's biggest winners underperform.

0:15.6

The NASDAQ falling more than 1%. The Dow did hit an all-time high before turning negative. Tech and communication services

0:22.7

were your sector laggards, real estate and consumer staples outperformed. Commodities lower today

0:27.9

with silver seeing declines of 2%. Gold off marginally, really stabilizing here, though. Another down day

0:33.7

for Bitcoin and Ether. Ether falling more than 4% while Bitcoin saw declines of nearly 3%. Ether's now down more than 7% in a week. But remember, it had a huge run-up before that. On the back of that sell-off, though, crypto stock seeing big moves lower. Coinbase, E. Toro, Robin Hood, bullish and strategy all down more than 5%. Well, that is the scorecard on Wall Street. Welcome to Closing Bell

0:54.5

Overtime. I'm Morgan Brennan. John Ford is off today. Well, the equal-weighted S&P index is

0:59.8

outperforming the MAG 7 heavy S&P ETF over the past week. So is the long-awaited great

1:06.7

rotation finally starting to happen? We're going to discuss that. Plus, the retail earnings

1:12.3

roll on with targets set to report tomorrow. Can the lagging retailers deliver or will it be

1:17.7

troubles that continue? We've got your setup. And we're awaiting earnings from Toll Brothers.

1:23.9

The options market pricing in a more than 9% move in either direction on the back of those results.

1:28.4

We'll break them down once we get them. But we do kick it off today with today's biggest market

1:33.2

theme, and that is this year's high flyers suddenly becoming the laggards. Christina Parts and Eveless is at the NASDAQ

1:38.5

with more. Hi, Christina. Hi, well, Tuesday's sell-off. Today's sell-off really delivered a textbook

1:43.1

lesson. Market rotations catch investors off guard, and high flyers eventually face gravity.

1:48.9

Or as Mike Sentoli just said, a nasty little riptide.

1:52.2

Let's start with the laggarts. Palantir led the route shedding over.

1:54.9

Looking about 9% today for its fifth straight losing day, falling more than 10% from record highs.

2:00.5

Despite the pain, though,

2:01.8

big a picture, it's still up 110% year to date. Meta posted its worst two-day drop since April,

2:07.9

with S3 partners research showing meta has the biggest jump in short interest of any U.S. stock this

...

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