Closing Bell Overtime: Title: Global Mining Giant BHP on Global Economy; Jim Grant Previews Jackson Hole 8/20/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 20 August 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Navigate today's market landscape with Kristina Partsinevelos setting the market theme while Rick Santelli breaks down critical bond market movements. Scott Wren from Wells Fargo Investment Institute and Brent Schutte from Northwestern Mutual share their global market outlook. BHP CEO Mike Henry discusses earnings, tariffs impact on the global economy and more. Legendary bond observer Jim Grant weighs in on the bond market ahead of Jackson Hole. Plus, CFRA's Arun Sundaram previews Walmart's upcoming earnings.

Transcript

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0:00.0	Well, that's standard regulation. NYSE, Texas. We're going to closing about the New York Stock Exchange. Link Home Holdings doing the honors at the NASDAQ. And stocks finishing mixed today with Dow, with the Dow, the only index posting gains, albeit barely. The NASDAQ once again the laggard, but closing off the lows as the rotation out of high flying tech names
0:20.9	continues. The composites now down four of the past five sessions. The S&P closing lower for the
0:25.7	fourth straight day as well, though largely range bound as tech lost some steam, some of the
0:30.5	safe haven sectors outperformed, staples, health care, real estate, helping to lead those gains.
0:36.3	Oil moving higher today as well after both
0:38.2	the EIA and API reported a surprise drop in U.S. crude inventories, also in gasoline inventories
0:44.6	today. Brent also seeing a move of more than 1% higher. That helped energy stocks, too.
0:50.3	Our reversal in the crypto space today, Bitcoin and Ether, both moving higher with Ether jumping more than 3%.
0:55.8	It is still down more than 8% in the past week, though.
0:59.5	That is the scorecard on Wall Street.
1:01.3	Welcome to closing bell overtime.
1:02.6	I'm Morgan Brennan.
1:03.6	John Ford is off today.
1:05.3	Well, the Fed and the bond market.
1:06.9	We're going to talk to Wall Street legend Jim Grant about what this Friday's Jackson
1:11.6	Whole speech by Fed Chair Powell means for the markets and for rates and why there are plenty
1:17.2	of reasons to raise rates right now.
1:20.7	Plus, a commodities check with the CEO of BHP.
1:24.9	This is the world's largest miner.
1:26.4	We're going to dig into its latest earnings, the outlook for copper.
1:30.2	His visit just earlier this week with President Trump on the future of American production of copper.
1:36.3	And is targets fall, Walmart's gain?
	...

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