meta_pixel
Tapesearch Logo
Log in
Closing Bell

Closing Bell Overtime: Pavlov Markets, Big Earnings & the Geopolitics of Business 10/21/25

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 21 October 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

When the bell rings, investors buy — Steve Sosnick of Interactive Brokers explains why markets still behave like Pavlov’s dog. With major earnings rolling in, Mark Mahaney of Evercore ISI breaks down Netflix results, and Bill Browder of Hermitage Capital discusses if markets are mispricing geopolitical risk. Alan Trefler, CEO of Pega Systems, shares insights from the software front, and Seth Goldstein of Morningstar Research looks ahead to Tesla earnings and what they’ll reveal about the state of innovation and risk-taking in today’s market.

Transcript

Click on a timestamp to play from that location

0:00.0

That bell marks the end of regulation.

0:02.0

HB Fuller in the closing belt for New York Stock Exchange, ACI worldwide, doing the honors at the

0:07.4

NASDAQ and the Dow trading above 47,000 couldn't close there for the first time.

0:13.4

Small gain for the S&P 500, small, well actually, I don't know, S&P, yeah, maybe small game.

0:19.6

Unchanged, basically.

0:20.6

Small loss for the NASDA.

0:21.6

Yeah, right on the nose there.

0:23.6

Earning's a big driver of today's action.

0:25.6

General Motors hitting a record high, having its best day in five years.

0:29.6

Similar story for 3M following its results, setting back to levels seen in August of 2021.

0:36.6

Coke contributing to the Dow's gains, while the other major averages, yeah, basically flat.

0:42.3

Consumer discretionary and industrials were the leading sectors, utilities, and materials were the worst performing and big losses today for gold, silver, and platinum.

0:51.3

But of course, the precious metals trade overall has been hot.

0:54.8

Well, that's a scorecard on Wall Street. Welcome to Closing Bell overtime. I'm Morgan Brennan,

0:58.8

along with John Fort. We are waiting for several earnings reports this hour. The biggest

1:03.2

Netflix that's coming as the company is reportedly interested in buying all or part of Warner Brothers

1:09.0

Discovery. Other names we're watching in overtime include Texas Instruments, Mattel, and Western Alliance.

1:14.6

That's one of the regional banks that fell sharply last week.

1:17.6

And it looks like Netflix and Texas Instruments are already out.

1:19.6

We're going through those results right now.

1:21.6

But we will turn our attention to that big report that is due out tomorrow as well, Tesla. We've got two analysts,

1:29.0

one who rates the stock a buy, one who calls it overvalued. But we begin with the markets.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.