Closing Bell Overtime: CEA Chair On Tariffs Deadline, Jobs Data; Tim Cook Visits White House, Announces New Investment Plan 8/6/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 6 August 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

White House Council of Economic Advisors Chairman Stephen Miran weighs in ahead of the midnight deadline for tariffs ramping up. In Seattle, Jon sits down with Amazon’s VP of AI & Compute, David Brown, to discuss the company’s ambitions in artificial intelligence. Plus, Apple’s $100 billion investment analyzed with Patrick Moorhead and Steve Kovach.

Transcript

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0:00.0	Well, that's the end of regulation. Planet Fitness, bringing the closing belt in the New York Stock Exchange.
0:07.2	LeBang International doing the honors of the NASDAQ. Stocks modestly higher today as Apple lifted the Dow and the NASDAQ.
0:14.5	The market moving higher, or the market move higher, I should say, coming despite the president raising tariffs on India to 50%.
0:20.4	The Russell 2000 was the underperformer today.
0:23.6	The loan index that closed in the red.
0:26.0	Consumer discretionary, staples, tech, those are your S&P sector leaders.
0:29.9	Healthcare and energy were the laggards.
0:31.5	McDonald's, Amazon, Tesla, those were led within discretionary.
0:36.2	McDonald's jumping on the back of strong earnings,
0:38.2	oil falling for the fifth straight session,
0:40.3	and hitting a five-week low,
0:41.9	crude extending its losses in late trading,
0:44.0	as the White House says,
0:45.3	Russia has expressed interest in meeting with President Trump.
0:48.4	And a bullish day for both Bitcoin and Ether,
0:51.6	with Ether climbing nearly 3%.
0:54.1	That is the scorecard on Wall Street.
0:56.0	Welcome to Closing Bell Overtime.
0:57.0	I'm Morgan Brennan.
0:59.0	And I'm John Ford in Seattle at AWS, Amazon Web Services
1:04.0	Headquarters, talking to executives about their AI and cloud plans coming up.
1:09.0	I'm going to be joined by David Brown.
	...

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