Closing Bell Overtime: Microsoft’s New Commercial CEO & USA Rare Earth CEO On Potential Government Stake 10/2/25
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 2 October 2025
⏱️ 43 minutes
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| 0:00.0 | Well, that's standard regulation. Phoenix Energy ringing the closing bell at the New York Stock Exchange, K-Tech Solutions, during the honors at the NASDAQ, record closes for the Dow, the S&P, and today the NASDAQ. |
| 0:11.1 | Stock's moving higher today as investors shook off concerns about the government shutdown. Materials and technology were the sector leaders, energy and consumer discretionary lagged, gold falling slightly after closing |
| 0:21.2 | at record highs and yesterday's trading, copper on the move today as well, touching the highest |
| 0:25.2 | level since July and oil hitting a four-month low, falling another 2%. Bitcoin crossing $120,000 |
| 0:32.5 | for the first time since mid-August. Ether also higher, hitting its highest level since late September. |
| 0:38.3 | Plus the dollar, that's in focus. |
| 0:40.3 | Again today, as the government shutdown continues, it closed the day slightly higher, ending a four-day slide. |
| 0:46.3 | That is the scorecard on Wall Street. |
| 0:48.3 | Welcome to Closing Bell Overtime. |
| 0:50.3 | I'm Morgan Brennan. John Ford is off today. |
| 0:52.3 | Well, government shutdown worries about a stretched |
| 0:55.1 | AI trade and a job slowdown are not enough to stop this market as we hit all-time highs. Can it |
| 1:01.0 | last? We're going to ask Jeremy Siegel. Plus, as the government continues to take stakes in |
| 1:06.2 | companies, Wall Street is trying to gauge who could be next. One name on the list, USA Rare Earth. |
| 1:11.9 | We're going to talk to the brand new CEO with that stock up 52% in a month. |
| 1:17.5 | It's up double digits again today. |
| 1:19.1 | But first, let's get to Christina Parts Nevelas for what you look at today's big market themes. |
| 1:23.3 | Christina. |
| 1:23.8 | It seems like the catalyst driving tech again today is sustained AI spending enthusiasm. |
| 1:28.0 | I say that because Microsoft provided more details about its $19 billion deal with Neel Cloud |
| 1:32.2 | company Nebius. |
| 1:33.8 | That's why you saw shares of Nebius close at least 6% higher today. |
... |
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