Closing Bell Overtime: S&P 500 Longest Winning Streak Since 2004; Wrapping A Strong Week 5/2/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 2 May 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Unlimited CEO Bob Elliott and The Kobeissi Letter Editor-In-Chief Adam Kobeissi break down the market week, focusing on how tech and macro crosscurrents are shaping sentiment. Melius Research’s Ben Reitzes on Apple, Nvidia, and if cracks forming in the AI trade. Apollo’s Torsten Slok lays out the macro setup heading into the next jobs report and Fed decisions. Defense also gets a spotlight with Aerovironment CEO Wahid Nawabi on the impact of a major budget deal. GoDaddy CEO Aman Bhutani on the company’s latest results and why the stock is falling. Mercer’s Olaolu Aganga offers a CIO-level view of market dynamics—and three worries her clients are flagging.

Transcript

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0:00.0	That bell marks the end of regulation.
0:02.0	Carnival Corporation ringing the closing bell at the New York Stock Exchange.
0:05.0	Fat Pipe doing the honors at the NASDAQ.
0:08.0	Happy Friday.
0:09.0	Solid jobs data and hopeful headlines on trade with China, sending stocks higher to end the week.
0:13.0	S&P 500 closing in the green for the ninth session in a row.
0:17.0	That marks the longest win streak in more than 20 years.
0:20.0	That's a scorecard on Wall Street, but winners stay late.
0:22.6	Welcome to closing bell overtime.
0:23.6	I'm John Ford with Morgan Brennan.
0:25.6	We have got a big Friday show coming your way.
0:27.6	Apollo's Tourston Slough will join us with his first reaction to the jobs number and the latest trade headlines.
0:33.6	How it could all impact next week's Fed decision.
0:36.6	Plus, we'll talk to noted technology analyst Ben writes this about the big moves for the
0:41.3	Mac 7 this week as Apple pulls back while other mega caps locked in solid games.
0:46.3	And we will head out to Omaha, head of Berkshire Hathaway's annual meeting as that stock hits
0:51.3	record highs today.
0:52.3	But let's get straight to today's market action.
0:54.9	So joining us now as Unlimited CEO and CIO, Bob Elliott, and Kobasey letter editor-in-chief
1:00.0	Adam Kobase.
1:00.8	Great to have you both here on what is a green day for the major averages and a green week
1:04.8	for the major averages, second week in a row that the S&P is seeing gains.
	...

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