Welcome to Closing Bell. I'm Scott Wapner live from Post 9 here at the New York Stock Exchange.

This make or break moment begins with what else. The big bounce back in stocks. It does continue today.

There is the scorecard with 60 to go in regulation, the Dowback positive for the year.

We're off the best levels, but nonetheless, we are clawing a lot back from Tuesday's big loss.

And that sell-off. Once again, it is the Russell that is the standout today. That index up more than 10% on the year. We will have more on that

remarkable move coming up in just a bit. And how about meta shares today? We'll tell you what's

behind that big jump in the stock of nearly 6%. We do begin, as always, with our

talk of the tape, the president's tariff turnaround, and whether it means it is once again time

for stocks to surge. Let's ask Ed Yardinney. He is the president of Yardinney Research, and he is

with us, as you see, at post nine. I mean, nice to see you. It's a noise versus

reality market. It continues to be. You're smiling because, I mean, we've seen this movie

so many times before. We try and fall for it. And then here we are. What's your view?

Well, my view is that the economy has been remarkably resilient through thick and thin.

It's been hit by all sorts of shocks, really since the beginning of the decade.

Last year we had the tariffs, and we had remarkably strong second, third, and now probably fourth quarter real GDP numbers.

And as a result of the resilience of the economy, guess what?

Earnings are extremely resilient.

So I think we've got earnings-led melt-up in the stock market.

Earnings are melting up, so the market's melting up.

I mean, I think you lay out the reason why people say ignore all of the noise.

And bluster is not policy.

Correct.

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