4.8 • 118 Ratings
🗓️ 7 August 2025
⏱️ 46 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | All right, guys, thanks so much. Welcome to closing bell. I'm Scott Wobner live from Post 9 here at the New York Stock Exchange. This maker-baker begins with another choppy day for the major averages. We'll show you the scorecard here with 60 to go in regulation. We really have been sliding deeper into the red as the day has progressed. We're kind of hanging out there. Been in a bit of a range, too. Geopolitical |
0:22.1 | concerns as well today as more tariff talk is all being blamed for the skittishness within the |
0:27.8 | markets. The sector picture largely mixed today in terms of individual names making news and making |
0:33.3 | moves, Apple higher yet again, Nvidia hitting another new high, and several other chip names |
0:38.7 | are nicely higher, even as President Trump threatens 100% tariffs on the chip space. |
0:44.6 | Eli Lilly shares having their worst day in some 25 years after a disappointing late-stage |
0:50.3 | study on its obesity pill, Fortinet slammed after its earnings and its outlook. |
0:55.3 | We'll watch shares over this final stretch. It takes us to our talk of the tape. What gets stocks humming |
1:00.5 | again? Let's ask Wharton School Professor of Finance, Jeremy Siegel. He's also chief economist |
1:05.7 | for Wisdom Tree. Welcome back. It's nice to see you as always. Good to see you, Scott. You still like this market? |
1:13.6 | Yeah, I still like it. I think there were some disappointments today. I actually think the Bloomberg report that maybe Waller is the top candidate rather than Warsh. He is not seen as a dovish for Fed chair, and I think that |
1:32.8 | that kind of discouraged the market me a little bit. Continuing claims, boy, did take a jump. |
1:38.7 | Really, we have the situation. They're not firing, but they're not hiring. And so, |
1:43.9 | you know, how do you deal with that situation? |
1:47.0 | And then, of course, we've had a couple of tepid treasury options today, the 30-year, 10-year, |
1:52.3 | wasn't great yesterday. And after this big run, I mean, it wouldn't be, you know, surprising to see |
1:58.9 | with those news items some sort of a back down here. |
2:03.7 | Is it the pause that refreshes? Do you think it's one of those dips that's going to be bought? |
2:08.9 | Yeah, I think it is. I mean, because the earnings are really coming in so well. And the guidance |
2:15.7 | is coming in really well, you know, given the upcoming tariffs. |
2:20.9 | I mean, they're beginning to be able to specify how, you know, how much the tariffs will cost |
2:25.9 | and that quantifiable amount, I think, is doable for most firms, to say the least., we, you know, Trump announced new tariffs, |
... |
Transcript will be available on the free plan in 8 days. Upgrade to see the full transcript now.
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.
Copyright © Tapesearch 2025.