Closing Bell: Time to Stay Defensive? 04/29/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 29 April 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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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	Cal, thanks so much. Welcome to closing bell.
0:02.5	Scott Wobner live from Post 9 here at the New York Stock Exchange today.
0:05.7	This maker breakout begins with the latest on the trade war, the administration marking 100 days in office.
0:11.6	Investors hoping better days are ahead for stocks, which do look like this with 60 to go in regulation.
0:17.5	We did have a jump just short of 2 p.m. That's when Commerce Secretary Howard
0:21.8	Lutnik said right here on CNBC that he has made a trade deal. Wouldn't say with whom or when it
0:27.3	would be announced. But nonetheless, you can see the move in the market. He also said President
0:33.1	Trump isn't focused on the stock market. But if he was, and if he is, he'd see that it's a pretty good day.
0:39.7	Stock's also digesting the adjustments made to those auto tariffs. We'll have the latest there.
0:44.2	In just a few, we're also looking ahead to mega cap earnings in the coming days.
0:47.8	Microsoft and Meta, Apple, Amazon, all reporting and all are green except the Amazon's hugging the flat line today.
0:53.2	It does take us to our
0:54.6	talk of the tape. Hardly the stretch most investors were anticipating when President Trump took office
0:59.7	back in January. The trade war derailing a good start to the year for stocks. The question now,
1:05.8	can the markets get their mojo back? We'll ask Black Rocks Rick Reader that question in just a few when he joins us
1:11.9	live. We do begin, though, at the White House. Our own Megan Casilla has the very latest. Hi, Megan.
1:17.9	Hey, Scott, so just in the last few minutes here on the South Lawn, we saw the president depart
1:21.5	from Michigan, where he's having a speech tonight to mark that 100 days, as you said. And he says a big focus of his speech will be on the
1:27.6	economy. It also comes just ahead of that executive order he's set to sign on the auto tariff
1:32.6	relief. And he spoke to reporters a little bit on those auto tariff, that relief measure. He
1:37.2	emphasized this would be short-term help for the companies during a transition period as they
1:41.5	tried to move some manufacturing back to the U.S. He emphasized though it's just for two years when they got that rebate relief that he didn't
	...

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