Closing Bell Overtimes: Fast Casual Fallout & AI Eating Software? Plus Centerview Partners Co-President On Dealmaking 8/13/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 13 August 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Kristina Partsinevelos sets the day’s market theme before Rick Santelli covers bond market reaction. Paul Hickey of Bespoke Investment discusses weakening breadth, while Ben Reitzes of Melius Research examines the software slump and the role AI is playing. Earnings spotlight includes Cisco, plus Kate Rogers on the fast casual sector’s troubles with Danilo Gargiulo of Bernstein analyzing Cava’s crash and where to find value in the restaurant sector. Centerview Partners co-president Tony Kim weighs in on a bullish environment for IPOs and dealmaking – and if it can continue.

Transcript

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0:00.0	Well, that's the end of regulation. Stand Tech bringing the closing belt in the New York Stock Exchange,
0:05.1	commerce.com doing the honors of the NASDAQ and stocks and bonds rallying today.
0:09.9	As investors continue to price in a September Fed cut, the S&P, the NASDAQ and the NASDAQ 100,
0:15.3	hitting all-time highs, but it was the Russell 2000 that led today's gains.
0:20.2	Healthcare and materials and discretionary leading,
0:22.6	staples and communication services, sectors lagging.
0:25.3	Treasuries rallying as well today ahead of the next key inflation report,
0:29.9	tomorrow's producer price index.
0:31.5	We've got more on that ahead.
0:33.0	And another big day for crypto, especially Ethereum,
0:35.3	ether jumping more than 4%, just shot at just $200
0:37.8	shy of its November 2021 all-time high. Inflows into ether ETFs are up to $1.5 billion
0:45.6	so far this week. That's compared to just $244 million for Bitcoin ETFs. WTI and Brent ending
0:51.6	the day in the red after oil prices hit the highest level since early June.
0:55.0	The move lower came after U.S. crude supply unexpectedly rose.
0:59.0	And that's the scorecard on Wall Street, but winter stay late.
1:02.0	Welcome to Cozumbell overtime. I'm John Ford alongside Morgan Brennan.
1:05.0	On the earnings front today, we're awaiting numbers from Cisco.
1:08.0	That stocks up 20% this year outperforming the NASDAQ.
1:12.3	And shares of Kava are getting crushed today. It's not the first restaurant stock to get hit
1:16.2	hard following earnings. So what does it tell us about the consumer and their appetites?
1:21.3	Plus bullish going public and soaring in its debut continuing a recent trend of outsized first
	...

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