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Closing Bell

Closing Bell: Time for Tim Cook to Depart? 7/10/25

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 10 July 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

Longtime analyst Walter Piecyk making a stunning call that Tim Cook needs to go. We discuss with our Steve Kovach and Wedbush’s Dan Ives. Plus, we get a shareholder’s take with Malcolm Ethridge from Capital Area Planning Group. And, Former Fed Vice Chair Richard Clarida maps out his forecast for the fed.

Transcript

Click on a timestamp to play from that location

0:00.0

All right, Kelly, thanks. Welcome to closing bell. I'm Scott Wobner live from Post 9. Right here at the New York Stock Exchange. This make-a-break hour begins with suddenly streaking Apple. That stock's up seven of the past eight days, even as one well-known analyst now says Tim Cook needs to go. We'll discuss and debate that with Dan Ives and Steve Kovac in just a moment. We'll show you the scorecard here with 60 to go in regulation.

0:23.4

Speaking of Apple, the tech sector hitting another record high today.

0:26.9

It's like a broken record hitting those records, but it is what it is.

0:30.7

Several chip names like AMD continue to move higher, the SMH, at a 52-week high.

0:36.3

Elsewhere, several banks are higher ahead of their earnings next week.

0:39.7

We'll watch all of those over this final stretch. How about the airlines? They're ripping.

0:43.6

They have been all day long. After Delta gave strong guidance, that stock, along with United

0:48.8

and American Airlines having one of their best days in a very long time. It does take us to our

0:54.0

talk of the tape.

0:54.8

That stunning call about Tim Cook. Longtime analyst Walter Pichick made it on this very network

1:01.2

last night, and it's been the talk of the town ever since. Let's bring in our resident expert

1:05.8

reporter Steve Kovac, along with star analyst Dan Ives of Wedbush, who is here with me at Post 9.

1:14.1

Steve Kovac, you've been critical.

1:16.3

You've been critical of Apple.

1:18.0

You've been critical of their missteps in AI.

1:20.8

You haven't and wouldn't, of course, in your role call for Tim Cook to be ousted.

1:25.4

However, what do you think about Walter Pichick doing just that?

1:30.2

This is not some far-off blogger from who knows where. This man's been on the street for a long time

1:38.5

and has covered this area for a very long time. Yeah, and he's also giving an argument for Cook to leave on a very long and

1:47.7

old argument, which is Apple needs a product guy versus the operator. And look, I've been covering

1:54.1

this company for so long, Scott, and I've heard this the entire time throughout Tim Cook's

1:59.6

tenure, that he is to focus on operations.

...

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