Closing Bell Overtime: Return of the Meme ETF; NHL Commissioner on Start of Season, Business of Hockey 10/9/25

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 9 October 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Market concentration and big-cap dominance take center stage as Charlie Bobrinskoy (Ariel Investments) and Courtney Garcia (Payne Capital Management) weigh the risks of narrow leadership. Dave Mazza (Roundhill Investments) joins to explain why the Meme ETF is making a comeback amid renewed retail trading buzz and what it says about the state of the rally. NHL Commissioner Gary Bettman sits down to discuss the business of hockey and the league’s momentum. Plus, Robert Frank on why even luxury buyers Ferrari’s worst day ever and a look at Levi Strauss earnings and Delta’s latest results.

Transcript

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0:00.0	Well, that's the end of regulation. Ameriprise Financial ringing the closing bell at the New York Stock Exchange.
0:04.0	Grassroots grocery doing the honors at the NASDAQ. Stocks lower. Across the board.
0:09.0	Staples, the only S&P sector finishing in the green.
0:13.1	Cyclicals, energy, industrials, materials, those were the worst performing sectors in the S&P.
0:18.0	In a big reversal of a recent trend, gold and silver both following, but both
0:22.3	are still up 50% this year. And the metal stocks are lower today. If it's got mining or silver in
0:29.7	its name, it is in the red. Another group having a tough day and a tough week, the home builders
0:35.3	facing pressure from the administration to build more.
0:38.2	The home construction ETF on pace for its worst week of the year.
0:42.3	Now that's the scorecard on Wall Street, but winner stay late. Welcome to closing bell.
0:46.9	Over time, I am John Fort in San Francisco, along with Morgan Brennan back in CNBC headquarters.
0:54.0	Stock's pulling back today, but having a strong year, setting some new records.
0:57.5	In fact, things are so good.
0:59.4	A few people are wondering if there's too much froth in the economy.
1:03.3	And into this market, Roundhill is relaunching its meme ETF.
1:07.8	We're going to talk to the company's CEO.
1:09.6	And hockey.
1:10.5	A new NHL season is underway. We're going to talk to the company's CEO and hockey. A new NHL season is underway.
1:12.8	We're going to be joined by Commissioner Gary Bettman on set.
1:16.9	Streaming has added several bidders for sports rights. It's been a boon for football, but what about hockey?
1:23.6	First, major average is taking a bit of a breather today. The NASDAQ and the S&P 500, both pulling back from all-time highs that were hit much earlier in the session. Christina Parts-Nevilis is at the NASDAQ with more. As a Canadian, I want to say, what about hockey? But let's talk about markets, taking a breather after hitting, like you said, record highs just yesterday. big tech mostly lower despite Oracle closing up 3% and video closing 2% higher in a possible green light to ship chips to the UAE,
1:48.0	United Arab Emirates, Chinese tech, ETF specifically K-Web moved
	...

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