Closing Bell Overtime: Trump Ramps Up Powell Pressure; Apple’s AI Moment 1/12/26
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 12 January 2026
⏱️ 43 minutes
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| 0:00.0 | And that is the end of regulation, riskified, ringing the closing belt, the New York Stock Exchange, BlackRock, doing the honors at the NASDAQ. |
| 0:09.8 | And happy Monday, everybody. It was a huge turnaround for the markets and your money today. Now, you look at the final numbers and you say, what's the big deal? |
| 0:18.4 | The down and up being up just shy of 100 points. Not a big gain, but consider |
| 0:23.1 | the index was down about 500 points at the lows of the day. The other major averages also higher, |
| 0:29.4 | the NASDAQ higher, by about one quarter percent. Oh, the NASDAQ 100, by the way, |
| 0:34.4 | adding Walmart to that index, Walmart shifting its listing to the NASDAQ. |
| 0:40.4 | Consumer Staples, your market leaders today. |
| 0:42.7 | Tech materials also higher. |
| 0:44.6 | And despite some concern about gold and silver falling to begin the year, not the case today. |
| 0:50.7 | They both popped. |
| 0:51.8 | Gold hitting another record and now over 4,600 per ounce. |
| 0:56.3 | That is the first time ever. Silver, not to be outdone, now above $85. |
| 1:01.5 | One year ago, silver sat at just $30 an ounce. If you own silver, you've minted gold. |
| 1:08.7 | A rough day for the financials. President Trump is surprising a lot of |
| 1:12.3 | investors and maybe no doubt a bunch of credit card executives by threatening to throw a cap on |
| 1:18.3 | credit card interest rates. That cap would be just 10% well below what the current highest rate is. |
| 1:25.0 | It is one that could impact many of those points and those perk programs |
| 1:28.8 | that you may love. MX shares that about 4%. We'll get much more on that and more all throughout |
| 1:34.7 | the hour. Welcome to closing bell overtime, everybody. That is your scorecard on Wall Street. |
| 1:39.9 | I am Brian Sullivan and the big story today, a criminal investigation into the Federal Reserve |
| 1:45.2 | and its chair, Jerome Powell. |
| 1:47.6 | Is this about building an office renovation or the end of Fed independence? |
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