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Closing Bell

Closing Bell: Tariff-Fueled Swings Here to Stay? 3/5/25

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 5 March 2025

⏱️ 42 minutes

🧾️ Download transcript

Summary

Where are stocks likely to go from here? We discuss with Trivariate’s Adam Parker and Fundstrat’s Tom Lee. Plus, Sycamore Tree’s Mark Okada tells us how he is navigating all the market volatility and economic uncertainty. And, Richard Saperstein from Treasury Partners makes the case for two sectors that have been beaten down this week.

Transcript

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0:00.0

Welcome to closing bell. I'm Scott Wobner, live from Post 9 here at the New York Stock Exchange.

0:03.8

This is making a break hour begins with a nice bounce for stocks, clearly being driven still by tariff headlines.

0:09.7

It's made for more volatility yet again today. Let's show you the scorecard here with 60 to go in regulation.

0:15.0

The major averages started moving a little bit higher midday on a headline that President Trump spoke to Canada's Prime Minister

0:21.7

Trudeau today that raised hopes of some sort of compromise, perhaps in this trade dispute.

0:27.6

Another report suggesting tariffs on autos might be pushed, which sent shares of General Motors

0:32.5

and for it higher.

0:33.7

And there's your look there, and that is where they remain.

0:36.2

We have seen some buying as well today in the banks, some tech, and even in the momentum names,

0:41.5

AI like Palantir.

0:43.4

Those names have been unsettled lately for sure, so maybe some stabilizing activity today.

0:48.7

It does take us to our talk of the tape, where stocks are likely to go from here.

0:52.3

Let's bring in our experts.

0:53.3

Adam Parker, he's the founder and CEO of Trivariate Research. Tom Lee is the managing partner and head of research for

0:59.3

FundStrat. Both are CNBC contributors. We're lucky to have you both together today. Welcome,

1:04.0

guys. All right, Adam, just give me your assessment as you watch what is an increasingly

1:08.9

headline-driven market.

1:13.9

Yeah, I mean, look, as you know, we think it's going to be choppy.

1:19.4

I'm still optimistic that on the other side of this, we could get back toward, you know,

1:25.7

revenue growth and, you know, beneficiaries on the AI front with productivity and margins.

1:28.1

So the call we've had is choppy here in the first few months. Then once the management teams understand what the policy backdrop is,

1:33.8

they can deploy productively capital. So choppy first half, and then we probably get a resumption

...

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