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Closing Bell

Closing Bell Overtime: Cleveland-Cliffs CEO on Earnings, Tariffs; Intuit CEO on Tax Season; Previewing the Most Important Earnings Report This Year 02/25/25

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 25 February 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

Vital Knowledge’s Adam Crisafulli breaks down the market action. We dive into key earnings from Caesars, Intuit, Workday, and First Solar. Plus, Cleveland-Cliffs CEO Lourenco Goncalves on tariffs and the Nippon/US Steel deal while Intuit COE Sasan Goodarzi talks tax season and AI. Melius Research’s Ben Reitzes on what to expect from Nvidia as DeepSeek's progress rattles AI investors. Wedbush’s Nick Setyan joins to analyze Cava’s results.

Transcript

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0:00.0

Well, that bell marks the end of regulation.

0:05.0

Yields for you ringing the closing bell at the New York Stock Exchange.

0:08.0

Arraeus Greenway Holdings doing the honors at the NASDAQ and the momentum pullback picking up steam as tech gets hit again.

0:16.0

Bitcoin falls below 90,000 and names like App Lovin, Palantir, and Tesla underperform with Tesla dropping

0:23.2

below a billion dollars in market cap, at least for the moment. That's the scorecard on Wall Street,

0:28.3

but winners stay late. Welcome to closing bell overtime. I'm John Ford. Morgan Brennan is off today.

0:33.2

A wave of earnings results hitting the tape this hour, including Kava, Intuit, Instacarp,

0:39.2

Workday, and Lucid.

0:40.5

We're going to bring you all the numbers and an exclusive interview with Intuit CEO,

0:44.9

Sasan Gaddaerzi, before he talks to analysts on the earnings call.

0:48.7

Plus, in defense of tariffs, we're going to talk to Cleveland Cliff's CEO Lorenzo Gonsolvis,

0:55.3

fresh off earnings,

1:00.9

about why he says Trump trade policy will benefit his company more than others. And we're just 24 hours away from the main event of earnings season in video's results. We're going to preview

1:05.7

the report that could set the tone for the whole market. As we await earnings, let's bring in vital knowledge founder, Adam Chris Fooley.

1:13.5

Adam, good to see you.

1:15.4

So it looks like the reaction to the data is what's bringing the macro data is bringing the market down here.

1:23.4

And it's in contrast a bit to what we saw post-election day.

1:26.9

Look at a chart.

1:27.5

It's almost like an M looks like to me.

1:30.6

But where is reality?

1:32.0

Is it just that we're in a show-me stage right now for the hopes that got ignited with Trump's election?

1:39.4

Yeah, definitely.

...

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