Closing Bell Overtime: The Jackson 5: Wells Fargo on the Fed; America's Biotech Boom 8/21/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 21 August 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Wells Fargo Senior Economist Sarah House leads "The Jackson 5" analysis of key economic indicators ahead of the Fed symposium. Wedbush's Matt Bryson explains his Nvidia price target hike this week ahead of earnings. Brooke May from Evans May Wealth charts the market's next move. Plus, an exclusive look inside one of America's largest biologic drug manufacturing plants as Fujifilm's North Carolina facility prepares to produce drugs for Johnson & Johnson and Regeneron. Tom Rogers, former NBC Cable President and Versant Board senior advisor, breaks down the streaming wars as ESPN launches its new standalone app.

Transcript

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0:00.0	Well, that's the end of regulation.
0:03.0	Cummins ringing the closing bell.
0:04.0	The New York Stock Exchange, ESPN, doing the honors at the NASDAQ,
0:07.0	stops ending the day in the red.
0:10.0	But off the lows, the S&P 500 down for the fifth straight day.
0:13.0	It's the longest daily losing streak since January for that index.
0:17.0	It's the worst three-day stretch for the NASDAQ, too, since April.
0:20.0	Most of the losses in the Dow were caused by the drop in Walmart.
0:25.1	Energy and materials were the outperforming sectors today.
0:28.2	Staples discretionary in utilities lagged.
0:30.8	Oil rallying for a second straight day on continued signs of strong demand and uncertainty about Russia-Ukraine peace talks.
0:37.3	And in a reversal from
0:38.6	yesterday's big gains, Bitcoin and Ether falling today, either now off by more than 7% over the
0:45.0	past week. Treasury's weaker across the curve with yields up ahead of Powell at Jackson Hole tomorrow.
0:51.0	This following some huckish Fed speak from the Cleveland and Kansas City Fed Chiefs
0:55.6	earlier today. That is the scorecard on Wall Street. Welcome to closing bell overtime. I'm Morgan
1:00.6	Brennan. John Ford is off today. The Jackson 5. It's a maker break moment for the markets tomorrow.
1:06.8	As Fed Chair Powell gets set to deliver his Jackson Hole speech, will he steer away from teeing up a September cut, or will he use the opportunity to ensure
1:14.9	investors that the Fed and the market are on the same page?
1:19.1	Plus, Powell may be the event of the week, but NVIDIA will dominate next week.
1:24.5	It has earnings on deck.
1:26.2	The stock has had five price target hikes in eight days.
	...

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