Closing Bell Overtime: Former Defense Secretary Mark Esper On Middle East; Curious Move In Oil Markets 6/23/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 23 June 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

As tensions rise in the Middle East, former Defense Secretary Mark Esper and Council on Foreign Relations President Richard Haass assess the responses and global ramifications. Payne’s Courtney Garcia and Mike Santoli weigh the market's reaction, while Arjun Murti of Veriten breaks down curious reaction in the energy markets. Tim Seymour analyzes moves in the dollar, gold, and global positioning. Plus, our Phil LeBeau reports on Tesla’s strong stock move today after the weekend’s rollout of its Robotaxi in Austin, TX.

Transcript

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0:00.0	That bell marks the end of regulation.
0:02.0	The International Swaps and Derivatives Association,
0:04.0	we're going to close in bell at the New York Stock Exchange.
0:06.0	SSNC Alps Advisors and Leidenberg Fulman Index during the honors at the NASDAQ
0:11.0	and quite a volatile day for the markets with the latest geopolitical developments.
0:15.0	The S&P and NASDAQ closing at session highs, oil the big story, plunging today.
0:20.0	Price has head jumped more than 4%
0:21.7	overnight as the u.s bombed iran nuclear sites the energy sector was the worst performer with
0:27.7	that drop apa halberton s lb and liberty energy where you biggest lagerds yields moving lower
0:34.2	today as another fed governor floats the idea of a July rate cut today,
0:38.6	this time Michelle Bowman. That move sending home builders higher. Some of your biggest movers today
0:44.1	circle continuing its rally now up 75% in the week. This is the stock's 12th day of trading since
0:50.3	going public and opening at 69 bucks. It's now about 250. Tesla leading the S&P following
0:56.1	its Robotaxi event this weekend. We'll have more on that ahead. And the cyber stocks all
1:00.8	higher on concerns that Iran might potentially retaliate with cyber attacks against the U.S.
1:06.4	Well, that's the scorecard on Wall Street. Welcome to closing bell overtime. I'm Morgan Brennan,
1:10.6	along with John Fort.
1:11.8	And as Iran retaliates for Saturday's U.S. attack on those nuclear facilities,
1:16.3	we have a great lineup of guests to talk about it, including former Defense Secretary Mark Esper.
1:22.0	Plus, a look at where negotiations with Iran could go from here with State Department veteran at Richard Haas.
1:27.2	And we will get insight into why oil tumbled 7% today.
1:31.3	But we begin with the very latest on Iran. Let's get to Megan Kasella in Washington.
	...

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