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Closing Bell

Closing Bell Overtime: Rocket Lab CEO On Stock Surge; BlackRock Co-Founder On M&A Pickup 6/30/25

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 30 June 2025

⏱️ 50 minutes

🧾️ Download transcript

Summary

Two major narratives unfold — one on Wall Street, the other in Washington. We kick things off with market insight from Richard Bernstein of Richard Bernstein Advisors and Citi’s Scott Chronert. Stifel’s Brian Gardner breaks down the latest from D.C.. Evercore Chairman Emeritus and BlackRock Co-Founder Ralph Schlosstein weighs in on global M&A and the policy landscape. Plus, Morgan digs deep on the Army’s autonomous push. Rocket Lab CEO Peter Beck on space demand and the stock’s huge run.

Transcript

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0:00.0

Well, that's the end of regulation.

0:04.4

Neri, the Association for Investor Relations, ringing the closing bell at the New York Stock Exchange,

0:09.5

as well as doing the honors at the NASDAQ.

0:11.8

Well, stocks ending the day with the S&P and NASDAQ closing at record highs again.

0:16.9

That's as financials and communication services led the gains two days in a row now of record closes.

0:23.5

The Dow is still about 2% from its last all-time high.

0:27.1

For the month, the Dow rallied more than 4%.

0:29.6

The S&P 5% and the NASDAQ more than 6%.

0:33.0

Today is also the end of the quarter with the S&P posting its best quarter since December of

0:38.1

2023. It's also the end of the first half and Treasury has posted their best first half stretch

0:42.7

in five years. In terms of today, Oracle jumping after saying that it signed multiple large cloud

0:48.5

services agreements. Robin Hood hitting an all-time high as it announces an array of new

0:53.1

crypto-related offerings. Meta also hitting an all-time high as it announces an array of new crypto-related offerings.

0:54.4

Meta also hitting an all-time high as investors continue to be bullish on its AI ambitions

0:59.2

and all of those hires we've been hearing about.

1:01.3

Hewlett Packard and Juniper Networks both rallying after the DOJ settled its lawsuit challenging

1:06.6

Hewlett's $15 billion, $14 billion acquisition of Juniper. Clean energy stocks, though, like

1:12.8

N-phase energy falling after the latest version of the mega bill will phase out tax credits

1:17.7

for the large-scale wind and solar projects that we've seen earlier than in previous drafts.

1:24.7

And financials, higher today after all 22 banks tested past the Fed's annual

1:30.1

stress test. The financials, ETF, the XLF, hitting an all-time high in today's trading

1:35.7

session. That is the scorecard on Wall Street. We just went through quite a lot, didn't we?

...

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