Closing Bell: Tariffs, Trade Wars & Stocks 01/31/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 31 January 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

We break down all of the latest developments from DC and what it could mean for your money with Washington Correspondent Megan Cassella and CNBC’s Senior Economics Reporter Steve Liesman. The Wharton School’s Jeremy Siegel tells us what he’s forecasting for stocks in the weeks ahead. Plus, star Apple analyst Erik Woodring from Morgan Stanley joins with his first reaction to that company’s quarterly report. And, noted value investor Scott Black reveals his top picks.

Transcript

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0:00.0	All right, welcome to closing bell. I'm Scott Wobner, live from Post 9 here at the New York Stock Exchange.
0:05.7	This make-a-break hour begins with this late-day weakness in the market.
0:08.8	The White House says tariffs are coming this weekend on Mexico, Canada, and China.
0:13.3	Take a look at the majors with 60 to go in regulation.
0:16.2	NASDAQ now red. The Dow down about two-thirds of 1%.
0:19.7	S&P is negative as well.
0:21.7	All of this really happening within the last hour after those headlines hit, the market
0:25.9	got progressively weaker.
0:28.1	We'll see where things head over the final 60.
0:30.1	We'll ask the Wharton schools, Jeremy Siegel, what all of this means now for stocks.
0:35.2	The other big story we're watching as well.
0:36.9	Invidia CEO, Jensen Wong, at the White House today with that stock really on the defensive,
0:42.7	the worst week in many months on fears over new AI competition.
0:46.4	We'll have the very latest there in just a bit as well.
0:49.5	Meantime Apple shares will there in focus today following that earnings report.
0:53.7	The stock initially positive, not so much anymore, giving it all back.
0:58.4	Star Apple analyst Eric Woodring of Morgan Stanley here in just a view for his first reaction
1:03.7	to that important quarter and what the stock is doing.
1:07.4	It does take us to our talk of the tape, tariffs, trade wars, and stocks. Let's bring in our
1:12.5	Megan Kisela. She is following the latest developments from D.C. Our senior economics reporter,
1:17.7	Steve Leesman, with us as well. Megan, first to you. What do we know? Scott, as of last night,
1:24.2	we still thought there was room for negotiations with Canada and Mexico, and especially with China on these tariffs taking effect.
	...

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