Closing Bell Overtime: Market Insights: Palantir Bull vs. Bear Debate; Booz Allen Hamilton CEO Tariffs and Trump 2.0 on Musk & DOGE 2/3/25
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 3 February 2025
⏱️ 43 minutes
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| 0:00.0 | Well, that bell marks the end of regulation. |
| 0:03.0 | Easterly government properties ringing the closing bell for New York Stock Exchange. |
| 0:06.0 | Lifeway Foods doing the honors at the NASDAG and a bit of a comeback to the major averages. |
| 0:10.0 | This is fast-moving tariff developments led to a roller coaster session. |
| 0:15.0 | The Dow rallying back from a 660 point loss to be about 120 points down and around half of the S&P sectors finished |
| 0:23.6 | in the green, but tech and small caps remained under pressure with the NASDAQ and the Russell |
| 0:29.2 | both down more than 1%. That is the score caught on Wall Street, but winners stay late. |
| 0:33.6 | Open to closing bell overtime. I'm John Ford with Morgan Brennan. |
| 0:36.6 | We're going to be all over the market volatility ends the tariff impact throughout this hour, |
| 0:41.3 | including a closer look at the potential fallout for tech stocks, industrials, and the Chinese economy. |
| 0:46.3 | Plus, a massive week of earnings reports gets underway this hour with numbers from the S&P 500's biggest winner of 2024. That's Palantir, along with |
| 0:55.6 | NXP semiconductor, Clorox, and more. And the CEO of government contractor Booz Allen Hamilton |
| 1:01.1 | will join us to break down Elon Musk's efforts to cut spending and how that could impact |
| 1:07.8 | companies that work closely with Washington. Well, let's get started with today's market action with the Cabacy letter founder and editor-in-chief, |
| 1:14.8 | Adam Cabacy, and RBC Capital Markets head of equity strategy. |
| 1:19.0 | Lori Calvesina, guys, good afternoon. |
| 1:21.1 | Adam, what's the signal in this tariff noise? |
| 1:24.3 | What do investors know now that they didn't know a week ago? |
| 1:28.4 | Look, I think, you know, right at the market open, we published a note for our subscribers |
| 1:32.9 | basically saying, you know, we got to see how all this noise kind of shakes out. And our hunch |
| 1:39.0 | was that a lot of these tariff threats are really threats and posturing that ultimately are going |
| 1:44.0 | to lead to buying |
... |
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