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Closing Bell

Closing Bell Overtime: Stocks rally, Tariff Fallout & The DOJ is getting this wrong 2/10/25

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 10 February 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

Investors shrugging off more tariff threats from President Trump. The S&P 500 and Nasdaq higher for a 4th straight day while the Dow snapped a 2-day losing streak. Morgan Stanley Chief Global Economist Seth Carpenter discusses whether tariffs on all imported steel and aluminum as well as reciprocal tariffs could threaten the U.S. economy. PIMCO’s Head of Emerging Markets reveals where he sees opportunities around the globe because of the ongoing trade war. The CEO of Juniper Networks defends his company’s merger with HPE and says the Justice Department is getting it wrong by trying to block the deal. And the incoming CEO of Nokia reveals how he plans to increase competition in the networking space and take on companies like Juniper & HPE.

Transcript

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0:00.0

That bell marks the end of regulation. J.P. Morgan reeling the closing bell with the New York Stock Exchange.

0:06.1

Pro shares doing the honors at the NASDAQ. And stocks are in the green across the board with tech stocks leading the way higher as investors shrug off the threat of new tariffs.

0:15.7

That is the scorecard on Wall Street. But winners stay late. Welcome to closing bell overtime. I'm John Ford with

0:21.6

Morgan Brennan. Well, the S&P 500 and NASDAQ are higher for the fourth straight day, while the Dow

0:26.4

snapping a two-day losing streak. The energy and tech sectors are the big winners today. Now,

0:31.3

investors turn their attention to after the bell earnings from Lattice, Semi, Astero Labs, Vertix,

0:37.0

and Cody. We will have instant analysis of Astero Labs, Vertix, and Cody.

0:38.1

We will have instant analysis of all of those numbers.

0:41.1

Plus, President Trump is expected to announce steel and aluminum import tariffs later today.

0:46.6

We're going to discuss the potential impact on the economy with Morgan Stanley,

0:49.4

chief global economist Seth Carpenter.

0:52.7

But now investors are waiting to hear from President Trump.

0:56.2

And the CEO of Juniper Networks is here exclusively to fight back against the Justice

1:01.1

Department's lawsuit to block his company's proposed merger with Hewlett Packard Enterprise.

1:08.1

Let's bring in Scott Wren of Wells Fargo Investing Institute and Dan Suzuki of Richard

1:13.5

Bernstein. Guys, welcome.

1:17.0

Hey John, how are you? Well, Dan, the S&P is back near all-time highs. So at this point,

1:25.3

investors perhaps wondering what to do. What does diversification look like in this market?

1:31.2

Yeah, well, obviously, John, everyone is watching your show is very aware that the market is historically expensive

1:38.0

and historically concentrated in those expensive investments. So really today, diversification is quite simple.

1:43.9

It's owning anything

1:45.2

but the U.S. mega caps. And so I think that's what's critical right now is, you know, you're

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