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Closing Bell

Closing Bell Overtime: Fed Minutes Rattle Markets, Consumer Earnings Roll & Walmart Looms 2/18/26

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 18 February 2026

⏱️ 44 minutes

🧾️ Download transcript

Summary

Investors react to latest Fed minutes. Omar Aguilar, CEO of Schwab Asset Management, and David Bahnsen, CIO of The Bahnsen Group, break down what the policy signals mean for equities, positioning and the path forward. DoorDash, Carvana, and Booking Holdings report numbers. Mark Mahaney, Senior Managing Director at Evercore ISI, analyzes those results plus the latest on Meta. Tyler Radke, Co-Head of U.S. Software Equity Research at Citi, on if software has finally found a bottom. MLS Commissioner Don Garber on expectations for growth ahead of the new season—and what the World Cup impact could be. Plus, a look ahead to Walmart’s earnings as Corey Tarlowe of Jefferies outlines expectations.

Transcript

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0:00.0

The bell's bringing an end to the trading day at the NYC, Duke Energy, and at the NASDAQ,

0:07.0

Aurora, doing the honors. Welcome to closing bell overtime live from Studio B at the NASDAQ market site.

0:13.0

I'm Mike Santoli. Melissa Lee is off today.

0:16.0

Stocks moving higher today, the Dow adding about 100 points, the S&P 500 up half a percent, the NASDAQ

0:22.5

up three quarters of a percent.

0:24.7

But the market did lose some steam this afternoon, coinciding with the release of the Fed

0:28.4

minutes, which showed a slightly more hawkish Fed, more on the market ahead.

0:32.9

Our reporters are all over today's action, including a big jump for oil, plus the after hour's earnings

0:38.4

we're waiting for booking, Doordash, and Carvana. But let's start with Steve Kovac and the move

0:44.0

in tech, which was a standout today, Steve. Yeah, that's right. I got an all tech edition

0:47.9

of our movers for you this afternoon, Mike. So let's start with Nvidia and META. They announced,

0:52.6

of course, an extended partnership yesterday that played off in trading today for Meta to buy millions more Nvidia AI chips over the next several years.

1:02.0

But like so many of these AI deals that we've been seeing lately, very few details beyond the press release.

1:07.0

So it's unclear how solid it is and how much actually meta plans to buy. Still,

1:11.9

shares of Nvidia were up 1% today and meta up slightly less than 1%. Now let's go over to Palo Alto

1:17.8

networks. Those shares fell over 6% today after its earnings report last night showed weaker than

1:23.6

expected guidance. But of course, this company is also caught up in that big software sell-off,

1:28.4

which CEO Nikesh Aurora discussed on the conference call and said it was confusing,

1:32.7

given that AI actually requires more cybersecurity. It's not going to be a replacement.

1:38.1

And then let's stick around with software here because Palantir was up 2% today on an upgrade

1:42.9

from analysts over at Mizzouho.

1:44.9

They said Pallantir's AI business is actually accelerating so the recent pullback in the stock

...

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