Closing Bell Overtime: Musk vs. Trump; CEOs of MongoDB, Rubrik 6/5/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 5 June 2025

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Trump and Elon Musk’s bromance is over. The two sent scathing attacks from their respective social media sites against each other—and Tesla shares tanked. We have you covered with reporting from our Eamon Javers, plus analysis from shareholder Brenda Vingiello, WSJ’s Tesla reporter Tim Higgins and analyst Craig Irwin from Roth Capital. Earnings from Lululemon and Broadcom. Plus, interviews with the CEOs of MongoDB and Rubrik as investors continue to look for clues on tariffs impact.

Transcript

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0:00.0	That's the end of regulation circle, ringing the New York Stock Exchange closing bell from their headquarters.
0:05.0	And yes, they did ring the opening bell as well. Nasdaq Global Retail Executive Forum doing the honors at the NASDAQ.
0:11.4	Well, stocks closing in the red, but off the lows, it was another seesaw day.
0:15.8	Tesla, the big name in focus today, after having its worst day since March.
0:19.9	This after, Elon Musk's public spat with
0:22.9	the president that continues to unfold. We'll have more on that ahead. PVH falling as it cuts
0:28.4	full year EPS guidance largely due to tariff related pressures. Those shares down 18%.
0:33.2	On the flip side, though, five below jumping on an earnings beat and raising full year guidance.
0:38.0	Plus, MongoDB jumping after reporting better than expected earnings and raising its 2026
0:42.6	outlook. We'll be speaking with the CEO straight ahead.
0:45.6	That is a scorecard on Wall Street, but welcome to closing bell overtime where winters stay
0:50.5	late. I'm John Ford, along with Morgan Brennan. We got a big lineup of earnings this afternoon.
0:55.0	Broadcom, a trillion-dollar market cap company still reporting moments from now. We'll also hear from
0:59.4	Lulu Lemon, DocuSign, and Rubrik. After those results, but before the company's conference call,
1:05.7	we will talk to Rubrik's CEO and founder Biffel Sinha. But let's begin today with that escalating war of words between President Trump and Elon Musk.
1:14.7	Our Amen Javvers is at the White House with the latest. Amen.
1:18.5	John, I don't even know where to begin with this, right?
1:20.7	I mean, this has been an afternoon like no other at the White House.
1:24.0	A battle of the words between two billionaires with enormous egos, with
1:29.4	enormous amounts of money at stake, with enormous political influence at stake.
1:34.4	The president responding to Elon Musk's criticism of his big spending bill, Elon Musk had
1:39.3	called it a disaster and said, has been urging people to kill the bill that the president
	...

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