Closing Bell: Tariff-Fueled Market Fallout 3/3/25
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 3 March 2025
⏱️ 60 minutes
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| 0:00.0 | Welcome to closing bell. I'm Scott Wapner, live from Post 9, here at the New York Stock Exchange. |
| 0:03.9 | This maker break hour begins with this sell-off. |
| 0:06.1 | Tariffs on Mexico and Canada is set to take effect tomorrow morning. |
| 0:10.0 | The president just talking about that. |
| 0:11.6 | We'll have more on that in just a moment, but there's your picture here as stocks remain unsettled this afternoon. |
| 0:16.7 | NVIDIA, Tesla, some of the big momentum names are also continuing their drops. |
| 0:21.5 | We're going to ask our experts where all of this is likely heading. |
| 0:24.9 | In the meantime, as we show you the scorecard here with 60 to go in regulation, |
| 0:28.6 | we did begin to weaken midday. |
| 0:30.7 | We've stayed red throughout the afternoon. |
| 0:33.0 | And as those guys were just talking about, we are at the lows of the session. |
| 0:37.0 | Yields, they're falling too. Another read on the lows of the session yields they're falling to another |
| 0:38.6 | read on the economy today is this time the i sm manufacturing report it came in worse than expected |
| 0:44.5 | in the atlanta fed cutting their own real-time read on first quarter growth even lower than they had |
| 0:49.9 | a week ago we're on top of all that it does take us to our talk of the tape, whether stocks are |
| 0:54.6 | careening now towards a bigger correction. First, though, let's get to that news just moments ago. |
| 1:00.2 | The president at the White House addressing those tariffs that are expected to take place tomorrow |
| 1:04.9 | morning. Amon Javras has the very latest for us. What did the president specifically say, |
| 1:09.7 | Amon? Scott, the president is in the |
| 1:11.6 | Roosevelt room right now where he's participating in an announcement of a major chips investment, |
| 1:16.2 | but he's also taking questions from reporters. He was asked about those tariffs set for tomorrow |
| 1:21.8 | on Canada and Mexico. The president said those 25% tariffs will go into effect tomorrow. So to the extent there had been any |
... |
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