Closing Bell Overtime: The Return of Tech Leadership?; Former U.S. Ambassador to China On Global Risks 6/16/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 16 June 2025

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Despite mounting global tensions—from the Middle East to G7 trade diplomacy—the market grinds higher. Tony Roth of Wilmington Trust and Tim Urbanowicz of Innovator ETFs break down the resilience. Tech reclaims the spotlight in June. Tony Wang, Portfolio Manager at T. Rowe Price, weighs in on top picks. Former U.S. Ambassador to China Nicholas Burns joins to frame U.S.–China dynamics, G7 strategy, and Middle East risk and Jefferies’ David Zervos previews a key Fed meeting this week.

Transcript

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0:00.0	That bell marks the end of regulation.
0:01.8	TK ringing the closing bell at the New York Stock Exchange.
0:04.3	Marine money doing the honors at the NASDAQ and stocks are higher across the board.
0:08.4	Markets rebounding from Friday's losses on hopes the conflict between Israel and Iran won't boil over further.
0:14.4	That cleared the way for big tech to resume its leadership.
0:17.7	Meta jumping as it'll put ads on WhatsApp, AMD soaring on a Piper Sandler
0:22.0	upgrade on bullish expectations for the GPU business. We talked to Lisa Sue about Thursday.
0:27.1	Invita and Broadcom also gaining oil moving the other way after spiking last week, energy
0:32.3	one of the worst performing sectors today. Defense names also pulling back after a recent rally, Lockheed Martin, North
0:38.8	of Grumman, and L3 Harris, all lower, and we're seeing weakness in consumer staples.
0:43.2	All these names hitting 52-week lows today, Brown Foreman, Campbell's, Conagra, Kraft
0:49.1	Hines. You see Brown Forman, their lowest since 2013, a 13-year low for Campbell's Soup and U.S. Steel higher.
0:56.4	As President Trump approves the company's partnership with Nippon Steel, the U.S. government will get a so-called golden share in the company with some unspecified but significant oversight.
1:06.3	That's a scorecard on Wall Street.
1:07.7	Welcome to close about overtime.
1:09.0	We're winners. Stay late.
1:10.0	I'm John Ford.
1:16.4	Morgan Brennan is off today. Ahead trade deals in focus at the G7 as world leaders meet.
1:22.4	Can we expect any progress? And the tech trade seems to be back this month. Will it last? Also,
1:27.8	is Fed policy actually in a good place or are labor issues ahead? Well, let's start, though, with the Middle East.
1:29.4	As we mentioned, stocks jumped today on hopes the Iran-Israel conflict won't further escalate.
1:34.6	Let's get to NBC's Matt Bradley in Tel Aviv with the latest.
	...

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