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Closing Bell

Closing Bell Overtime: Home Depot CFO, Sequoia’s Shaun Maguire From Reagan National Economic Forum 5/30/25

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 30 May 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

Markets navigate fresh trade headlines and tech disruption: Unlimited’s Bob Elliott and G Squared Capital’s Victoria Greene weigh in on market sentiment and positioning. Our Kate Rooney reports on whether the Trump agenda could chill Silicon Valley’s startup pipeline through its attacks on higher education. Shaun Maguire of Sequoia Capital joins exclusively from the Reagan National Economic Forum to discuss venture capital and the tech ecosystem, including his firm’s exposure to Musk-led companies like SpaceX, xAI, and The Boring Company. Home Depot CFO Richard McPhail speaks exclusively on how tariffs are impacting retail and housing, and Tim Sloan of Fortress gives a read on the real estate market.

Transcript

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0:00.0

On that bell marks the end of regulation.

0:02.0

Tech NYC, we're going to close in the bell for New York Stock Exchange, Bridge 2 Technologies doing the honors at the NASDAQ,

0:08.0

and it was a mixed day on Wall Street with the Dow leading after falling more than 300 points in earlier trading on escalating China trade tensions.

0:16.0

Retail and focus again, shares of Alta soaring on an earnings beat. Costco also rallying on strong sales,

0:22.5

then on the flip side, gap sinking on tariff concerns. Well, the chip stocks lagged today on

0:27.2

reports the U.S. might be planning wider China tech sanctions. Invita giving up all its

0:32.5

earnings gains down more than 3%. Lam Research Intel arm lagging 2. Tesla was in the spotlight as Elon Musk steps away from his formal role as a special government employee. The stock ending the day lower, though. And Z-Skel, the NASDAQ leader, hitting a three-year high after topping earnings estimates. That is the score caught on Wall Street, but winner stay late. Welcome to closing bell overtime. I'm John Ford with Morgan Brennan, who's live

0:55.8

at the Reagan National Economic Forum in California.

0:58.9

Morgan, hey, what's ahead?

1:02.1

Hey, John, we have so much ahead.

1:04.4

I'm right here in Simi Valley, California.

1:06.6

I'm at the Reagan Library.

1:08.4

Ahead, we've got a lineup of guests,

1:10.5

including Shaw McGuire of Sequoia Capital.

1:12.9

He's a big investor in Elon Musk's companies and many others.

1:15.6

I'm going to speak with the Home Depot, CFO, about the consumer tariffs spending.

1:20.4

And we're going to get the outlook for real estate with Tim Sloan, Fortress Investment, Vice Chairman as well.

1:25.3

But earlier today, I did speak with J.P. Morgan, CEO, and

1:28.6

chairman Jamie Diamond, this was a 30-minute plus discussion. Diamond giving some very candid

1:33.3

answers spanning a multitude of topics. But here's what he said about China. He was just there

1:38.6

last week. I would engage with China. You know, I just got back from China last week. They're not scared

1:46.1

folks. There's no notion they're going to come bow to America. I don't. I wouldn't count on that.

...

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