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Closing Bell

Closing Bell: The Road to Record Highs 6/6/25

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 6 June 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

Strategas’ Chris Verrone, NB Private Wealth’s Shannon Saccocia and Invesco’s Brian Levitt break down their forecasts for stocks amid the trade uncertainty. Plus, Professor Jeremy Siegel tells us why he favors a “cautionary cut.” And, Robinhood hit fresh all-time highs. We tell you what’s driving that stock higher.

Transcript

Click on a timestamp to play from that location

0:00.0

All right, guys, thanks so much. Welcome to Closingville. I'm Scott Watner live in Post

0:05.2

Night here at the New York Stock Exchange. And this make-a-breakout begins with the road ahead for stocks

0:09.3

after a better-than-expected jobs report suggests the economy still chugging along. We're going to ask

0:14.8

our experts this hour, including the Wharton Schools Jeremy Siegel. If new highs and beyond now

0:20.0

are the next stop, in fact, for stocks.

0:21.6

Here's a scorecard with 60 to go in regulation on this Friday.

0:24.6

A big day for the majors.

0:25.6

Pretty broad sector sort as well.

0:28.6

We're better than 1% across the board.

0:30.6

Tech's doing well today.

0:31.6

Apple's higher ahead of its Worldwide Developers Conference on Monday.

0:34.6

As you know by now, we'll be there live. Shares

0:37.8

are down nearly 20% year to date, so there's a lot riding on that. We discussed that coming

0:42.8

up. Shares of Lulu Lemon, they're cratering today following that company's lackluster guide,

0:48.2

near 20% in the red. Docu sign, not much better. Take a look at that one. It's sinking, too,

0:54.1

after its own earnings.

0:55.4

It's down near 19%.

0:57.4

Tesla's not down today.

0:59.3

It's bouncing a bit following yesterday's big sell-off in the midst of that Trump-Musk falling out.

1:04.8

And that's where we'll begin today at the White House, our very own Aymann Jabriss following that. And then we've just learned about the next

1:11.2

step in the U.S.-China trade war as well within the last hour, Amin. What can you tell us?

1:16.3

Scott, we now know the date and time of that next meeting between the U.S. and Chinese side.

...

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