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Closing Bell

Closing Bell Overtime: Markets Brace for Trump Address, SpaceX IPO Buzz Builds and Nike’s Turnaround Gets Tested 4/1/26

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 1 April 2026

⏱️ 44 minutes

🧾️ Download transcript

Summary

Bob Diamond, CEO of Atlas Merchant Capital and former Barclays CEO, joins to assess market conditions, policy risk and where investors should be focusing now. The show also explores growing buzz around a potential SpaceX IPO and what a deal of that size could mean for markets and investor demand. Nike remains under pressure. Williams Trading analyst Sam Poser explains why he is sticking with a Buy rating even after lowering his price target and why the turnaround may take longer than expected. On the 50th anniversary of Apple’s founding, we look at the next stage of the company’s evolution. Sebastien Page, CIO of T. Rowe Price, outlines the broader investment landscape and how portfolios should be positioned. Christopher Verrone of Strategas walks through the technical setup and key levels investors should watch. Our Angelica Peebles reports on the FDA approval of Eli Lilly’s daily GLP-1 pill and what it could mean for the weight loss drug market and healthcare stocks. The episode closes with a look ahead at the next catalysts for markets.

Transcript

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0:00.0

The bell is bringing an end to the training day at the NYSC Blue Water Acquisition ringing the bell at the NASAC, gig capital 8, doing the honors.

0:12.2

Welcome to closing bell overtime. We're left from Studio B at the NASDAQ market site. I'm Melissa Lee along with Mike Santoli.

0:17.7

Sox adding to yesterday's gains, a Dow up more than 200 points. The SNP 500 up nearly 1%. The NASAC's gains, a doubt, up more than 200 points. The S&P 500 up nearly

0:22.0

1%. The NASDA up more than a percent, much more in the market straight ahead. On our radar at the

0:27.3

close, Nike having its worst day in nearly two years. So why are so many analysts still believing

0:32.4

in a turnaround? We'll ask one who is. Plus, we'll look at the charts to see where some

0:36.9

big names you may own could be headed next. And Apple turns Plus, we'll look at the charts to see where some big names you may own could be headed next.

0:39.7

And Apple turns 50.

0:40.9

We'll look at the crucial next phase for that company.

0:44.6

So, you know, a little bit of mild follow-through to the upside, Melissa.

0:47.9

It wasn't quite as emphatic as yesterday's rally off the lows.

0:52.2

It was definitely driven by Mega Cap Tech.

1:11.8

A little bit of the safety, let's just make sure we're involved in case this rally continues. Also, closed like almost half percent off the intraday high. So still, I wouldn't say, an all clear out there, but it's more about don't be too negative in case we manage to have things calm down. Oil's still hovering in the high 90s on WTO. I mean, I was going to say, again, we're having this move higher in the markets, albeit

1:15.9

sort of a tepid move because the volume was just not there, not surprising, given us a short

1:20.7

trading week. But we didn't have that sort of confirmation by the other asset classes, particularly

1:27.3

oil. I mean, Brent stills at 100, to your point.

1:30.3

For sure. We're in this tricky spot where a lot of folks coming into the week said, well, we

1:34.3

haven't quite seen this complete surrender and competition as well. If you don't get that,

1:38.6

you can certainly have the market put in a low and have a rally, but usually the rally itself

1:43.0

is not going to have as much fuel to go on.

1:45.0

It hasn't been pulled back far enough to snap as far ahead. So we'll see. Obviously, we can be some kind of trading range for a little while here. Sixty-five hundred as a floor might make a lot of sense for the near term. Let's get more on today's biggest movers with Christina Parts and Elvost. Christina. Well, reshoring and infrastructure spending did lift heavy hitters like Caterpillar, while GE

2:03.4

Vernova, Ver on continued AI data center power needs all up over 2.5%. Energy, you guys spoke about it, fell still in the high 90s. Oil price, that's because of oil prices, I should say, and that's because energy dropped. And you have every single S&P energy name closing in the red with Diamondback, the worst in the NASDAQ 100.

...

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