Closing Bell Overtime: Stocks Rally, Post Best Day Since Early February 3/23/26

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 23 March 2026

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Barry Knapp of Ironsides Macroeconomics argues the Fed may be making a policy mistake by treating an energy shock as inflationary rather than demand destructive. Helen Amos of BMO Capital Markets examines why commodities are breaking down and whether a rebound is ahead. From CERAWeek our Brian Sullivan interviews Venture Global CEO Michael Sabel on the future of LNG and global energy supply.Scott Chronert of Citi assesses the broader market outlook and what investors should watch next. Zscaler CEO Jay Chaudhry discusses cybersecurity, geopolitical risk and the recent software selloff from the RSA Conference.

Transcript

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0:00.0	The bell's bringing in to the trading day at the NYC Jacobs, ringing the closing bell, the CEO peering with Matt Jim Pramer on Mad Money tonight, and at the NASAC Cooper Company is doing the honors.
0:11.5	Welcome to closing bell overtime. We're live from Studio B at the NASAC market site. I'm Melissa Lee along with Mike Santoli.
0:17.0	Sox soaring today as President Trump signals progress on a deal with Iran. The Dow gaining 600 points,
0:22.3	the SP 500, Nazak, up more than 1% each. And the best performer today is the Russell. And it comes
0:28.4	as oil makes a big move lower down about 10%. Gold falling 3% today, down 15% in March since the war
0:35.8	started. So why hasn't it been a safe haven't
0:38.2	asset this time? We're going to discuss that ahead. And we're talking to CEOs of
0:42.2	companies affected by the war in Iran, LNG giant venture global on energy prices,
0:47.0	and Z-scaler on potential cyber warfare. Our markets team is all over the big action today in
0:52.1	stocks, oil and bonds. We begin with Aiman Javvers because news coming out of the White House really driving the action today in particular.
0:59.1	Amen.
0:59.8	Yeah, Melissa, we saw this this afternoon, too.
1:01.7	President Trump saying at a roundtable event in Memphis that negotiations with the Iranians began over the weekend.
1:07.7	And he's optimistic about a positive outcome to the war. Here's what he said.
1:13.1	We are now having really good discussions. They started last night, a little bit, the night
1:21.4	before that. And I think they're, you know, I think they're very good. They want to, they want peace. They've
1:30.1	agreed. They will not have a nuclear weapon, you know, et cetera, et cetera. But we'll see. You have to
1:34.8	get it done. But I would say there's a very good chance. Now that comes after the president
1:39.4	suspended his own deadline for the bombing of Iranian power plants offering a five-day
1:44.0	extension to that deadline. And after he told reporters today that he's considering a ended his own deadline for the bombing of Iranian power plants offering a five-day extension
1:44.6	to that deadline.
1:46.1	And after he told reporters today that he's considering a post-war power sharing agreement
	...

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