Closing Bell: Trump, Xi and Musk Front and Center 6/5/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 5 June 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A triangle of tremendous intrigue today surrounding the White House. We discuss all the latest – and what could be at stake for the market with Bryn Talkington, Alex Kantrowitz and Courtney Garcia. Plus, we get you set up for Broadcom results in Overtime with star analyst Stacy Rasgon. And, Brown Forman’s stock on the rocks today – we tell you why.

Transcript

Click on a timestamp to play from that location

0:00.0	Guys, thanks very much. Welcome to closing bell. I'm Scott Wapner, live from Post 9 here at the New York Stock Exchange.
0:05.3	This make or break garr begins with two major stories today. The big brewing brawl between President Trump and his one-time presidential pal, Elon Musk, a war of words between the two today, and it's getting very, very interesting.
0:19.4	Tesla shares under some big pressure this afternoon,
0:22.1	caught up in all of that.
0:23.6	Look at that.
0:24.1	Lows of the day down 13%.
0:25.8	We have shareholder Bryn-Talkington joining us momentarily
0:28.7	on what all of this now means for that stock,
0:31.9	and all of that unfolding
0:33.6	and perhaps even overshadowing that call
0:36.3	between President Trump and China's President Xi.
0:39.3	The lead on any other market day for certain, given where the trade war currently stands.
0:44.8	Stock's not sure really what to make of either event.
0:47.5	There's the majors now with 60 to go in regulation, a mixed day largely, certainly from a sector standpoint.
0:53.5	Individually, we're watching shares of
0:55.1	Broadcom today. The company reporting earnings in overtime in just about an hour or so.
1:00.0	Top analyst, Stacey Raskon, joining us in just a bit with his outlook and all you need to know.
1:05.7	And how about shares of circle surging today in its trading debut right here at the New York Stock Exchange?
1:11.1	The stable coin issuer halted earlier for volatility. It is only up 170% as we speak.
1:18.5	And we'll track that and talk more about that coming up too. All of it takes us to our talk of
1:22.8	the tape, Trump, she and Musk. The triangle of tremendous intrigue today.
1:27.6	We start with our own Aymn Jabbers at the White House on the heavyweight spat between two
	...

Transcript will be available on the free plan in 17 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.