Closing Bell Overtime: Interactive Brokers’ Thomas Peterffy on earnings, surging customer activity and margin loans; Consumer activity clues with alternative data 10/16/25

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 16 October 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

HSBC’s Jose Rasco breaks down today’s market action. Interactive Brokers Chairman Thomas Petterfy discusses his company’s latest quarter and why consumers are at record-high levels of margin loans on his platform. Bank of America senior economist Stephen Juneau talks consumer insights from his latest credit card data as government data continues to be in a blackout during the shutdown. Our Alex Sherman on what Apple’s Eddie Cue told him about the tech giant’s live sports strategy. Plus, OutcomesAI founder Kuldeep Singh Rajput discusses anxiety around AI’s impact on the labor market—and what jobs will stick around.

Transcript

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0:00.0	About bell marks the end of regulation front office sports bringing the closing bell
0:03.8	with the New York Stock Exchange.
0:05.0	Aptara Motors doing the honors at the NASDAQ.
0:08.0	And stock sliding through most of the session.
0:10.2	All the major averages down more than half a percent.
0:14.9	The Russell down more than 2 percent.
0:18.4	And a big move in bonds.
0:19.5	The 10-year yield falling to the lowest level since April.
0:22.4	That was the last time trade tensions flared up and hurt the markets. Much more on this from
0:27.0	Rick Santelli in just a minute. We're also watching big declines in regional banks. Zions
0:32.2	and Western Alliance both down on concerns about certain borrowers. The KRE Regional Bank Index having its worst day since,
0:39.9	yep, April again, and Oracle with a big intraday move higher holding an analyst day at its
0:45.7	AI World Event, comments about AI infrastructure growth, boosting that stock once again.
0:50.8	That's a score caught on Wall Street. Welcome to Closven Belt, Over time. Where win winner stay late. I'm John Ford. Morgan Brennan is off today. Well, shares of Nestle on a sugar
0:59.1	high jumping nearly 10% today, the company announcing it'll cut 16,000 jobs. And the LinkedIn
1:05.3	post CEO mentioned automation. Does that mean AI is killing jobs or something else? Well, we'll ask an AI
1:11.8	founder where this new technology will create jobs versus kill them. And we're waiting for
1:16.6	earnings. Railroad operator CSX set to report. So is interactive brokers. And once results
1:22.1	cross, we will break them down with Interactive Brokers Chairman Thomas Hedrophy. But we begin
1:26.8	with the big move in yields.
1:28.1	Rick Santelli, joining us now from Chicago.
1:30.7	Rick.
	...

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