Closing Bell Overtime: Stocks Seesaw, Nike earnings & Affirm’s CEO 3/20/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 20 March 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Stocks on a rollercoaster ride, giving back big early session gains as investors remain cautious about the economy. Nike shares higher in after hours trading after beating wall street’s earnings estimates. Oppenheimer’s Brian Nagel discusses whether Nike’s turnaround is finally in full force. Fedex shares however under pressure after missing profit expectations and lowering its full year forecast. Evercore ISI’s Jonathan Chappell weighs in on whether now is the time to buy the stock. And Affirm CEO Max Levchin reacts to rival Klarna taking over its buy now, pay later partnership with Walmart and if he is starting to worry about the state of consumer spending.

Transcript

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0:00.0	That bell marks the end of regulation. 100 black men of New York bringing the closing bell
0:03.8	to New York Stock Exchange. Marwin Holdings doing the honors at the NASDAQ. It was a choppy session
0:08.9	of trading following Wednesday's post-fed rally. The Dow and S&P, though, still on pace for games
0:15.5	this week. That's a scorecard on Wall Street, but winners stay late. Welcome to closing bell
0:19.1	overtime. I'm John Ford back with Morgan Brennan. Yes, it's good to be back. It's one of the most important
0:23.8	afternoons of March earnings season. We've got the results coming this hour from Dow component
0:28.5	Nike along with FedEx, Micron, and Lanar. We're going to bring you all the numbers and expert
0:33.6	analysis as soon as those reports cross. Also this hour, an exclusive interview with
0:37.9	a firm CEO Max Levchen after a wild week of ups and downs for his company's stock following
0:43.4	news of Walmart's decision to partner with a firm rival and upcoming IPO, Clarna.
0:49.3	Plus, we will talk about why a reported executive shakeup at Apple is such a big deal.
0:54.5	And what it could mean for shareholders?
0:56.6	Well, the earnings are already rolling in.
0:58.6	Micron is out.
0:59.7	We are going through it.
1:00.7	But before we get to those earnings, let's talk market action with vital knowledge.
1:05.1	Founder Adam Christofouli and Wealth Enhancement Group, senior vice president, Nicole Webb.
1:10.6	Welcome, guys. Nicole, the Fed's tone was a relief to markets but it
1:14.9	seems that gets you only so far how confident are you that this economy is
1:19.5	decelerating but not shifting into reverse yeah we don't see data that supports
1:25.9	that we are headed in this trajectory of recession.
1:29.0	What we are communicating to clients right now, John, is that there is a cap on these rallies
	...

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