Closing Bell Overtime: CEA Chairman On Trade; Lizz Ann Sonders On Market Volatility 04/29/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 29 April 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

A loaded earnings day meets fresh tariff commentary and broader macro uncertainty. Paul Hickey of Bespoke helps break down the market action. Key earnings include Visa, Starbucks, Booking Holdings, Caesars, Seagate, First Solar, and Snap. Stephen Miran, Chairman of the Council of Economic Advisers, weighs in on the evolving trade backdrop and the latest deal talks. Guggenheim’s Gregory Francfort breaks down Starbucks, and Stifel’s Mark Kelley offers insight into Snap's results and ad spend trends. Charles Schwab’s Liz Ann Sonders joins to lay out the macro setup and the setup during the busiest week of earnings. Plus, Super Micro slides on weak preliminary results.

Transcript

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0:00.0	That's the standard regulation.
0:02.0	Blend Labs ringing the closing bell at the New York Stock Exchange.
0:04.6	Leonardo DRS doing the honors at the NASDAQ.
0:07.4	Stocks gaining steam throughout this session with the Dow and S&P 500 closing hire for the sixth day in a row as investors key in on hopeful comments around trade and as volatility retreats.
0:18.7	That is the scorecard on Wall Street, but the action is just getting started.
0:21.8	Welcome to Closing Bell overtime.
0:23.1	I'm Morgan Brennan, along with John Ford.
0:24.9	Well, guess what?
0:25.4	We got a big show coming your way today,
0:27.2	including earnings results in just moments from Starbucks,
0:29.9	Visa, booking holdings, SNAP, Sea Gate, and more.
0:32.6	Plus, Council of Economic Advisors Chair,
0:35.3	Stephen Myron will join us exclusively to talk about the latest on tariffs and trade, the economy, markets, as President Trump marks 100 days in office.
0:45.6	And Charles Schwab's Lizanne Saunders will weigh in on whether the market has more upside ahead or if a retest of the lows could be in the cards.
0:53.3	Well, let's get straight to today's market action.
0:55.6	Joining us now as Bespoke Investment Group co-founder, Paul Hickey.
0:58.3	Paul, it's great to have you on.
1:00.0	A lot of green on the screen again.
1:01.6	We just mentioned six straight days of gains for the S&P and the Dow.
1:04.8	NASDAX actually higher for the month of April, brings me back to a note you published at bespoke yesterday, which is really the
1:11.4	fact that stocks have been, and the S&P in particular, are less than 1% from the flatline now for
1:16.3	April, a comeback kid.
	...

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