Closing Bell Overtime: Tariff Turmoil & Market Sell-Off: Breaking Down the Impact 3/4/25

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 4 March 2025

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Jon and Morgan lead a packed hour, covering today's roller-coaster ride in the market from every angle. We talk tariff concerns with BCA Research’s Marko Papic and former Walmart US CEO Bill Simon analyzinf the geopolitical and retail implications. Bespoke’s Paul Hickey and JPMorgan’s Phil Camporeale assess broader market moves. Earnings coverage includes Ross Stores, Nordstrom, CrowdStrike, and Flutter, plus Cantor Fitzgerald’s Eric Johnston on the macro picture and Joel Fishbein on cybersecurity giant CrowdStrike.

Transcript

Click on a timestamp to play from that location

0:00.0	That's the end of regulation and bridge, ringing the closing belt, the New York Stock Exchange,
0:03.4	and HCAI doing the honors at the NASDAQ.
0:06.9	What a session.
0:07.8	A stomach-churning day for investors as a tariff tantrum initially sparked a sell off before a big intraday comeback.
0:14.0	And then just the last few moments, a sharp pullback here into the close.
0:18.6	The Dow closing lower by about 700 points. That's the scorecard on Wall Street, but the action is just getting started. Welcome to closing bell overtime. I'm Morgan Brennan with John Port. Yeah, we'll be all over this volatility throughout the hour with market experts, including bespoke's Paul Hickey, J.P. Morgan's Phil Camporelli, Marco Pappage from BCA Research, and Eric Johnson from
0:39.5	Canter Fitzgerald. And retailers, including Best Buy and Target, getting hit hard today as
0:44.0	tariff fears show up in earnings commentary. We will talk to former Walmart U.S. CEO Bill Simon
0:50.1	about the fallout. And we are awaiting more earnings results this hour from CrowdStrike,
0:55.0	raw stores, box, air environment, and Flutter. We're going to bring you those when they cross.
0:59.7	Let's get straight to this roller coaster market action, though, with bespoke investment group,
1:04.2	co-founder Paul Hickey and JPMorgan Asset Management Portfolio Manager, Phil Camp Reallie.
1:09.1	Great to have you both here on what is another down day for the major
1:12.7	averages. Phil, I'm going to start with you because it is just every headline it would seem we're getting
1:18.6	around trade tariffs and discussions coming out of Washington and maybe investor expectations around
1:24.6	possible discussions out of Washington are moving the market right now.
1:27.6	Does that continue for a while here?
1:29.0	Yeah, and very fast, Morgan. So it's really hard to trade these headlines to keep up with the headlines.
1:33.5	We came into the year with about a 10% overweight to equity. We were pretty bullish.
1:37.7	We were bullish on the U.S. What this policy does is just raise uncertainty around the growth and earnings outlook.
1:43.7	So what does that mean?
1:44.7	You take your equity overweight down.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.