Closing Bell Overtime: SCOTUS Delivers Tariff Ruling 2/20/26
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 20 February 2026
⏱️ 43 minutes
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| 0:00.0 | The bell is bringing an end to the trading day at the NYSC, She-T-O, ringing the bell, |
| 0:05.4 | and at the NASDAQ, iron horse acquisition, doing the honor. |
| 0:08.9 | Welcome to closing bell overtime, live from Studio B at the NASDAQ market site. |
| 0:12.9 | I'm Mike Santoli. |
| 0:14.1 | Melissa Lee is off today. |
| 0:16.1 | Stocks closing higher as the Supreme Court strikes down the president's tariffs, |
| 0:20.0 | but President Trump announces |
| 0:21.7 | a new 10% global tariff in response. The Dow up more than 200 points on the day, the S&P 500, |
| 0:28.0 | up about two-thirds of a percent, the NASDAQ, up nearly 1%. All the major averages higher for the |
| 0:34.1 | week as well. Our team is covering every angle of the tariff decision. |
| 0:38.7 | Amon Jabbers was at the president's press conference. |
| 0:41.2 | Emily Wilkins is on Capitol Hill talking to lawmakers. |
| 0:44.0 | Steve Leesman tracking the economic impact. |
| 0:46.5 | But let's start with Christina Parks and Nevelas on today's market action. |
| 0:51.6 | That's somewhat of a choppy end to the week. |
| 0:53.3 | The Supreme Court, like you mentioned, struck down |
| 0:54.9 | most of Trump's tariffs, so the president fired back with potentially a new 10% global levy |
| 0:59.5 | under a different law. I bring that up because Amazon, for example, closed 2.5% higher. |
| 1:04.6 | Wed Bush estimates roughly 70% of its consumer goods actually come from China, so it has a lot |
| 1:10.0 | riding on tariff relief. Ad giants also closed higher. Julia just spoke about that, but snap up nearly 3%. Pinterest jumping 5%. Reddit, almost 3% of tariff relief, is expected to boost ad spend from direct-to-consumer brands. App Loving is the name I want to bring up because it was a big mover |
| 1:27.5 | on the NASDAQ. Oh, well, big. It was granted. It was up almost 2% closing a little bit lower than |
| 1:32.3 | two on reports. It's building a next-gen generation social networking platform. And then we got to |
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