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Closing Bell

Closing Bell Overtime: Google Monopoly Ruling: Chrome Survives, Competition Opens Up 9/2/25

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 2 September 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

Breaking news as federal judge rules Google will not be required to divest Chrome in online search monopoly case, but must share information with competitors to remedy search dominance. Apple and others can continue receiving Google payments for preloading products. This comes after a down day in the markets but stocks closed off the worst levels. Victoria Greene from G Squared Private Wealth and Kevin Mahn, President & CIO of Hennion & Walsh Asset Management analyze market implications. Fordham Law's Matt Gold weighs in on the impact of an appeals court ruling against a significant chunk of Trump tariffs. Paul Abrahimzadeh from 1789 Capital shares VC market perspective on bullish indicators, IPO rebound including Klarna, and valuations and what the Google ruling means for the VC and tech market.

Transcript

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0:00.0

That bell marks the end of regulation pro shares winning the closing bell for New York Stock Exchange,

0:05.0

Lumentum, doing the honors at the NASDAQ, and it's a down day on Wall Street.

0:08.0

After a court rules, the President's tariffs are not legal.

0:11.0

All three indices hit their lowest level since August 21, before rebounding slightly.

0:17.0

The NASDAQ saw the biggest declines, the NASDAQ 100, breaking below its 50-day moving average for the first time since April when the tariffs were announced.

0:24.8

Sectors, real estate, tech, and industrials lag, staples and energy, the only ones in the green.

0:29.4

Treasury is under pressure today, with yields up across the curve, the yield on the 30-year bond briefly crossing the 5% level.

0:36.3

Some bullish moves in commodities. Gold hitting a new

0:39.3

record high near 3,600, now up more than 36% this year. Crude crossing back above $65 a barrel

0:47.2

up more than 2.5%. Bitcoin also in the green reclaiming the $110,000 level after dropping to

0:53.8

July lows over the weekend.

0:56.2

That's the score caught on Wall Street, but winners stay late.

0:58.7

Welcome to closing bell overtime. I'm John Ford.

1:00.7

Morgan Brennan is off today.

1:02.2

As tariff turmoil pressure stocks, we will be joined by someone who told us last month a judge would strike them down.

1:07.8

So how does he think it plays out from here?

1:10.4

Plus, Klarna, among several

1:12.3

companies preparing to go public, as Anthropic raises $13 billion in private investment,

1:17.6

what's all that telling us about the state of the IPO market and venture capital? And on the

1:22.2

earnings front, we're expecting results from Z-Scalor in just a few minutes. That stock is up about

1:27.2

50% this year. Now let's get to the market, says stocks close well off their lows, but tech, once again, the worst performer. Invidia leading the way lower. Christina Parts of Nevilleous. Thanks, John. Well, the NASDAG posted its first back-to-back decline of at least 1% since the April Liberation Day sell-off with

1:44.7

big tech, like you mentioned, really the big drag for markets for several reasons.

...

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