All right, Kel, thanks so much. Welcome to closing bell. I'm Scott Wobner live from Post 9 here at the New York Stock Exchange. This make-o breakout begins with this tariff-induced sell-off in stocks today. We'll show you the majors here with 60 to go in regulation. There's the picture. About 1% declines across the board. The slide started getting worse midday when President Trump announced tariff levels on South Korea and Japan. It only intensified within the past 30 minutes or so with even more tariffs announced elsewhere,

though we have come off the worst levels, and that's important to note.

It is a reminder, though, the risks that still surround this record-setting rally will discuss.

Tesla shares, they're sharply lower today after Elon Musk says he'll form a new political party.

President Trump not reacting too kindly to that, which is why we're debating where all of that goes

with Kovac and Kantowitz.

That's coming up in just a bit as well.

It does take us to our talk of the tape.

Our stocks prime for a second half surge or a disappointing six months ahead.

Let's ask Trivariate founder and CEO Adam Parker,

New Edge Wealth's Cameron Dawson, and Payne Capital Management's Courtney Garcia. Adam in court

are CNBC contributors. Welcome one, welcome all. All right. So we're reminded today, well,

the tariff stuff's still out there. I mean, the market's not reacting all that terribly, is it?

No, not really.

I mean, if you go through the details, I don't even know if anybody understands the difference

who was announced today or was there previously, and if it will actually be implemented,

and which companies it actually impacts, it doesn't appear to be the ones that are down the most. So I think this is a little

bit of selling as we got to highs and kind of recalibrating before July earnings season. But I don't

think this is the sign of a new regime at all. Well, that's the thing about Cam, this market.

It doesn't seem to believe the worst of the tariff story anymore. Yeah, because we had the

worst announcement in April 2nd.

We've moved past that and people said, at least it's not that.

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