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Closing Bell

Closing Bell: Stocks Waver Ahead of China Talks 5/9/25

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 9 May 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

From the open to the close, “Closing Bell” and “Closing Bell: Overtime” have you covered. From what’s driving market moves to how investors are reacting, Scott Wapner, Jon Fortt, Morgan Brennan and Michael Santoli guide listeners through each trading session and bring to you some of the biggest names in business.

Transcript

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0:00.0

And welcome to closing bell. I'm Melissa Lee. And today for Scott Wapner, we are live from Post 9 at the New York Stock Exchange.

0:05.4

This maker break hour begins with unsteady stocks. Investors looking for direction as we await those much-anticipated trade talks this weekend between U.S. and Chinese officials.

0:14.3

The president hinting more trade deals are coming while floating a cut to U.S. tariffs on Chinese imports.

0:19.7

Here's how things are looking with 60 minutes to go into the trading session.

0:22.6

We are up red just fairly on the Dow Jones Industrial Average.

0:26.6

We're pretty much flat here across the board on the SEP as well as the NASDAQ.

0:30.6

Energy stocks, though, proving to be a bright spot today's session.

0:33.6

That group is the top performing sector today.

0:35.6

Crypto continuing its run. We'll have more on that

0:38.1

later this hour in shares of Tesla. They are higher. Once again, that stock heading for its third

0:43.1

straight weekly gain. That takes us to the talk of the tape and what this weekend's trade

0:48.2

talks will mean for the market and for your money. Amon Javvers is at the White House with more on what

0:52.6

we can expect out of Switzerland this weekend. Amen. Melissa, everybody's watching those trade talks in

0:57.7

Geneva as Treasury Secretary Scott Bessent arrives in Switzerland for those talks

1:02.5

with the Chinese side and the president got a lot of attention earlier today

1:05.9

when he threw out on social media the idea of dialing back the tariffs from

1:10.0

145% all the way back

1:12.0

to 80% that he said that seems like a good idea to me. He said it's up to Scott Beebe by which

1:17.4

he meant the Treasury Secretary. Of course, ultimately in the end, it is going to be up to

1:21.2

the president. And that's why I think folks were really focused on what Caroline Levitt,

1:26.4

the White House press secretary,

1:28.3

said here just a couple of hours ago when she was asked about that comment.

...

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