That bell marks the end of regulation, MVOR, ringing the closing bell at the New York Stock Exchange.

GCL Global Holdings doing the honors at the NASDAQ and the S&P 500 slurting with record closing levels,

but it looks like we probably ended up a little lower as stocks finish out a strong week of gains,

and meta closes higher for a stunning 20th session in a row.

That's a scorecard on Wall Street, but winners stay late.

Welcome to closing bell overtime. I'm John Fort with Morgan Brennan.

Well, coming up on today's show, the next catalyst for your money.

David Zervos from Jeffries and Lori Calvesina from RBC will break down what's likely to move

the markets in the coming weeks as

stocks do sit near these record highs. Plus, the CEO of Twilio will join us exclusively as that

stock takes a leg lower following last night's results. And we're tracking the moves of some of the

country's biggest money managers all hour long as 13F reports get released. Let's get a market panel today with Jeffrey's chief market strategist and CNBC contributor,

David Zervos and RBC Capital Markets head of U.S. Equity Strategy, Lori Calvesina,

happy Friday to both of you.

David, I know you're inclined to think this Trump presidency is going to be very good for the economy

and by extension markets. We've got to read on what Jay Powell would or wouldn't say about the Trump administration's

early days and impacts on the economy. What's your sense of how the Fed is navigating with the

administration so far? My sense is very carefully is the way that Jay approached anything with the word Trump in it

when he was questioned for two days up on the hill in the House and Senate.

The same way he approached the press conference at the last FOMC meeting.

He's holding his cards close to his chest. He's not telling you how he thinks about tariffs or fiscal or DREG or immigration.

He's waiting to see how those policies progress. And then I think when we see the actual policies get implemented, he will inform

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