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Closing Bell

Closing Bell Overtime: Government Shutdown Looms; Wheaton Precious Metals CEO on Surge in Prices 9/29/25

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 29 September 2025

⏱️ 53 minutes

🧾️ Download transcript

Summary

Mike Santoli weighs in on fresh AI bubble chatter as Victoria Greene of G Squared Private Wealth and Northwestern Mutual’s Brent Schutte size up the broader markets. Our Emily Wilkins breaks down the final 32 hours before a potential government shutdown. Wheaton Precious Metals CEO Randy Smallwood discusses the surge in metals, Plus, Morningstar’s David Swartz previews Nike earnings and what investors should watch next.

Transcript

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0:00.0

That bell marks the end of regulation. Yala Group bringing the closing bell with the New York Stock Exchange,

0:08.3

catalyst pharmaceuticals doing the honors at the NASDAQ, and a late-day turnaround for the Dow

0:12.8

means all three major averages, closing higher, small loss for the Russell 2000.

0:17.8

Tech with a bit of a comeback today, one of the top sectors on the S&P 500 chips among the

0:23.2

bigger gainers, Micron, Nvidia, and AMD among those. And Chinese Internet stocks also

0:29.4

had a good day. Alibaba, a big gainer, as several analysts raised their targets on the stock

0:34.9

following bullish comments from the company about AI spending.

0:38.6

Energy is the worst performing sector as oil falls more than 3%.

0:42.3

The market's worrying about production increases, but also oil had risen to a nearly two-month high.

0:48.2

And the 10-year yield sliding, the bond market squarely focused on Friday's jobs report if we get Friday's jobs report.

0:56.9

That's a scorecard on Wall Street.

0:58.6

Winner stay late.

0:59.3

Welcome to close about overtime.

1:00.7

I'm John Ford.

1:01.6

Morgan Brennan is off today and shares of electronic arts are soaring.

1:05.9

The company's going to go private for $55 billion.

1:08.2

We're taking a closer look at one of the buyers, Saudi Arabia's

1:12.2

public investment fund, which is making a big move into video games. And we'll be talking to

1:17.3

the CEO of Wheaton precious metals, as gold, silver, and platinum have all been soaring

1:22.4

recently. Now let's start with the market, says the NASDAQ's rising for the second straight

1:26.9

day, even as whispers about an AI bubble grow louder.

1:30.3

It's bringing in senior markets commentator Mike Santoli, who I believe is caught his breath from the end of the last hour.

...

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