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Closing Bell

Closing Bell: The Impact of Tariffs 3/4/25

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 4 March 2025

⏱️ 47 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

All right, guys, thanks so much. Welcome to closing bell. I'm Scott Wobner live from Post 9 here at the New York Stock Exchange.

0:05.5

This Baker-Bake hour begins with a new trade war, what it means for this market, which is volatile this afternoon, and making, as Brian and Kelly, we're just saying some very interesting moves here as the final stretch begins.

0:16.2

We'll show you the scorecard with 60 to go in regulation. We're weak for much of the day, but now stocks are well off their worst levels, led by a turn in tech, which has seen some buying today.

0:26.6

Invidia getting a nice bounce.

0:28.6

Some of the chip names are as well, and some of the other mega caps are green.

0:33.6

That's an interesting move, and we'll follow it over this final stretch.

0:36.6

In just a moment, in fact, we'll ask Schwab's Liz and Saunders, the chief investment strategist

0:41.5

there where we are likely heading from here.

0:44.3

Lots of stocks we are watching today from retailers to airlines to cruises.

0:48.7

They are mostly weaker on continued fears of a consumer slowdown.

0:52.7

Target, the latest company, to talk about uncertainty and

0:55.3

higher prices. Banks, they're noticeably weaker as well. It's been a tough week thus far for those

1:00.4

stocks right in front of you. Bank of America, Wells Fargo, JPMorgan, among the losers. Private equity

1:05.3

names, not very much better. We'll watch those too. It does take us to our talk of the tape,

1:09.9

the road ahead for this increasingly unsettled market.

1:12.9

So let's welcome in Lizanne Saunders and get her perspective as she joins us once again here on closing

1:18.1

belts. Good to see you. Good to see you too, Scott. Thanks for having me.

1:21.6

Yeah. So what are you thinking about this market right now?

1:24.3

So I think the turnaround today probably had a lot to do with just technical levels being

1:30.1

hit. On an intraday basis at the lows, you had the NASDAQ and correction territory. You had

1:35.7

tech and communication services down in the, you know, negative 12, negative 13 percent territory.

1:41.3

And I think that that was probably a trigger to kick in some bottom fishing.

...

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