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Closing Bell

Closing Bell: The Resilient Rally 10/28/25

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 28 October 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

Stocks hit new records yet again. We discuss the road ahead for the rally with our all star panel – Trivariate’s Adam Parker, New York Life’s Lauren Goodwin and Merrill and Bank of America Private Bank’s Chris Hyzy. Plus, Wells Fargo’s Mike Mayo just upped his price target on one of his favorite names. He tells us which one and why. And, Oz Pearlman – the Wall Street Mentalist – brings his talents back to Post Nine and reads the minds of Scott Wapner and Brandon Gomez.

Transcript

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0:00.0

All right. Thanks so much. Welcome to closing bell. I'm Scott Wobner live from Post 9 here at the New York Stock Exchange. This make-a-breakout begins with AI optimism, lifting stocks and even more record highs.

0:10.7

Take a look at the scorecard here with 60 to go in regulation. We have had a nice build throughout the day in what really has been a tech-driven rally.

0:18.6

Apple topping four trillion and market cap finally coming earlier today.

0:23.8

Invidia, higher as well. By now you know that story. CEO Jensen Wong making news today during

0:28.9

his keynote in D.C. will have all of the details and the very latest coming up. That stock at the

0:35.0

highs of the day. And how about Microsoft also topping four trillion in

0:38.6

market cap today after solidifying its relationship with open AI that company transitioning

0:44.0

into a traditional for-profit enterprise the street liking that too and of course we are awaiting

0:50.3

those mega cap earnings they begin in about 24 hours. Tomorrow is going to be big. Those are

0:55.2

the three companies on the plate. We'll talk about all of that, which takes us to our talk at the

0:59.9

tape. This amazingly resilient rally hitting new records yet again today. For how long it can last,

1:06.8

we welcome in our all-star panel, CNBC contributor, Trivariate Research is Adam Parker, New York

1:12.2

Life's Lauren Goodwin, Merrill, and Bank of America, Private Banks, Chris Heisey.

1:17.0

It is great to have everybody with us.

1:19.5

The story seems to me, Adam, that we tried to close above 6,800, and we finally got there like a day

1:25.9

ago.

1:27.1

And now we're, we could close above 6,900 today.

1:31.3

Trying to figure out why Nvidia and Microsoft invest in every company except for Trivariant.

1:36.6

We hooked that up. Can we get a little, a couple billion extra on the valuation?

1:41.3

Got to sell it harder, man. Yeah, what's going on here?

1:50.3

Look, I did this risk dinner last week with a bunch of people whose jobs it is to manage and position for risk.

1:54.1

And I couldn't get anyone to come with a near-term negative view.

...

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