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Closing Bell

Closing Bell Overtime: Commerce Secretary Lutnick On Trade Negotiations; Axon CEO On Strong Earnings 5/8/25

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 8 May 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

Malcolm Ethridge of Capital Area Planning joins to break down the market action and a wave of earnings across tech, fintech, and consumer names. Coinbase CFO Alesia Haas about the company’s outlook and regulatory landscape. Howard Lutnick, U.S. Commerce Secretary, joins to discuss global trade policy—including chip exports and the UK deal framework—while Jill Carey Hall, BofA’s Head of U.S. Small/Mid Cap Strategy, weighs in on broader market conditions. Axon CEO Rick Smith rounds out the hour with a conversation on tariffs, AI, and growth.

Transcript

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0:00.0

That's the end of regulation. Bonco Bredesco ringing the closing ballot the New York Stock Exchange.

0:08.4

Quartz C Acquisition Corporation doing the honors of the NASDAQ. Well, stocks closing in the green again.

0:14.3

As the president announces a trade deal framework with the U.K. and signals optimism around China ahead of high-level talks with Beijing this weekend.

0:22.6

That is the scorecard on Wall Street, but the action is just getting started.

0:25.6

Welcome to Closing Bell Overtime. I'm Morgan Brennan. John Ford is off today.

0:29.6

We've got a big show coming your way this hour, really big, including a first on CNBC interview

0:34.6

with Commerce Secretary Howard Lutnik following today's

0:37.9

Oval Office trade announcement.

0:40.4

Plus, a number of key earnings are crossing this hour, including Coinbase, Expedia, Affirm,

0:45.5

Pinterest, and Lyft.

0:47.2

We will bring you the numbers and an exclusive interview with the CFO of Coinbase ahead

0:52.8

of her call with Wall Street. But let's get straight

0:55.8

to today's market action. Joining us now as Capital Area Planning Group managing partner Malcolm

1:00.4

Etheridge and CNBC Senior Markets Commentator Mike Santoli. Great to have you both here on another

1:05.6

update for the major averages. Malcolm, I will start with you. Trade talk optimism abounds here. Is this what is

1:13.9

driving the market? And if so, does this rebound have legs? Yeah, so I think it shows just how

1:19.3

much of an appetite there is out there for some sort of positive news on trade investors will

1:24.0

take whatever we can get. This announcement obviously is not the biggie that we've all

1:29.0

been waiting for. Everything revolves around China and when we will reach in accord with China.

1:35.2

But I guess because it shows that other countries are willing to come to the table, they are

1:39.7

willing to come to Pennsylvania Avenue to have this conference directly with this president.

1:44.5

The market is seeing that is optimism.

...

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