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Closing Bell

Closing Bell Overtime: Fed Chair Powell On The Hill; CrowdStrike CEO On Rising Cyber Threat From Iran 6/24/25

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 24 June 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

As Chair Powell testifies on Capitol Hill, BNY's Vince Reinhart offers insight into what it means for the Fed path and investor expectations. Victoria Greene of G Squared breaks down the market positioning. FedEx and AeroVironment earnings. Former Pentagon official Roger Zakheim weighs in on the state of ceasefire efforts in the Middle East while Crowdstrike CEO George Kurtz joins to talk the rising cyber threats coming from Iran. More on the wild moves in the energy market with Again Capital’s John Kilduff.

Transcript

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0:00.0

Well, that's under regulation. Tweedy Brown ringing the closing belt, the New York Stock Exchange, Goldman Sachs Asset Management doing the honors at the NASDAQ.

0:10.6

Stocks rallying today. After the president broker is ceasefire between Israel and Iran, the S&P is now just 1%. 1% from all-time highs.

0:20.7

Oil, the big mover of the day, to the downside, falling more than 5%

0:24.2

now lower by more than 12% over the past two days. Investors no longer betting on the possibility

0:28.8

of a potential supply shop due to mid-Mitties tensions. The S&P tech sector, though, hitting an all-time

0:34.7

high for the first time since December 2024. It's now

0:37.9

outperforming the S&P for the year. Chipstock's outperforming with nearly all the components

0:43.0

of the sector ETF higher on the day, AMD, Broadcom, Marvell, and Micron, which reports here

0:48.5

tomorrow leading the charge. Gold hitting a two-week low, posting its worst day in a month. The

0:54.1

gold ETF, GDX, lower

0:55.8

for the fifth session in the past six. And some names hitting all-time highs. Netflix, J.P. Morgan,

1:02.4

G.E. Vernova, Microsoft, and Seagate. Well, that's the scorecard on Wall Street. Welcome to

1:07.4

Closing Bell overtime. I'm Morgan Brennan. John Fort is off. Well, coming up this hour,

1:12.2

we will get earnings from FedEx and Dronmaker, defense contractor, Aero Virenment. Plus, markets seem to

1:18.9

think Iran is not a military threat, but what about a cyber threat? We're going to talk to Crowdstrike

1:25.2

CEO George Kurtz. That sector is seeing big gains this

1:28.2

year. Crowdstrike is up 42% since the start of the year. But let's dive into markets.

1:33.6

Stocks are finishing the day higher as investors hope a ceasefire between Iran and Israel will hold.

1:38.6

As we mentioned, the S&P is now less than 1% from its all-time high that it hit back in mid-February.

1:44.2

The down S&P posting their best days since late May,

1:47.8

10 of the 11 sectors in the S&P ending higher energy, the only loser.

1:52.8

The markets have now recovered all their losses since the beginning of the conflict

...

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