Closing Bell Overtime: Palantir Pops, Ford Falls, and Markets Weigh Tech and Tariff Risks 5/5/25

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 5 May 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Kevin Gordon, Charles Schwab Senior Investment Strategist kicks off the show, tracking the S&P 500 ‘s first down day in the last 10 session. Morgan breaks down Palantir’s quarterly numbers, plus a bull-and-bear debate on the stock with Dan Ives, Wedbush Global Head of Technology Research, and Brent Thill, Jefferies Analyst. Michael Kantrowitz, Piper Sandler Chief Investment Strategist, joins on the macro and Fed outlook, while Arjun Murti, Partner at Veriten, weighs in on the energy sector and falling oil prices. Plus, Hollywood gets caught in the crosshairs of U.S.–China trade tensions—our Julia Boorstin reports on the growing tariff risks for the entertainment industry.

Transcript

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0:00.0	That bell marks the end of regulation.
0:02.0	Constellation Brands ringing the closing ball with the New York Stock Exchange,
0:06.0	American Woodmark Corporation doing the honors at the NASDAQ and down S&P 500,
0:10.0	snapping nine-day win streaks with small losses, even as Treasury Secretary Scott Vescent
0:16.0	signals trade deals could be coming soon.
0:19.0	That's the scorecard on Wall Street, but winner stay late. Welcome to closing bell overtime. I'm John Ford with Morgan Brennan.
0:24.1	We've got a big hour of earnings on the way, including results from the S&P 500's biggest
0:28.5	winner of this year, Palantir, along with Ford, Mattel, Clorox, and more.
0:33.7	Plus, U.S. oil prices falling out of bed, settling at their lowest level since 2021 after OPEC Plus agreed to a jump in production.
0:43.1	We're going to talk to ConocoPhillips board member Arjun Murti about what's behind OPEC's decision and how much lower prices could go.
0:51.5	As we await earnings, though, let's get straight to today's market action.
0:54.6	Joining us now is Charles Schwab, senior investment strategist, Kevin Gordon, and CNBC senior
0:58.8	markets commentator Mike Sandt, totally guys. Good afternoon. Kevin, US-China relations, I think,
1:04.7	hanging over this market still. I have to imagine also over U.S. deals with other countries,
1:10.6	as the U.S. sort of wants to isolate
1:12.6	China.
1:14.0	Stocks effectively took a breather today after a strong jobs report, big tech earnings.
1:19.2	Fed days Wednesday.
1:20.8	What matters now for investors?
1:22.1	Well, I think a lot of the, in addition to earnings and the guidance or maybe lack thereof
1:27.4	that companies are giving, it really is this gap, I think, in addition to earnings and the guidance or maybe lack thereof that companies are giving,
1:28.7	it really is this gap, I think, between the soft data and the hard data, how big that gap is,
	...

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