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Closing Bell

Closing Bell: What Will Drive Stocks? 7/1/25

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 1 July 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

What will drive the market for the remainder of the year? We discuss with Trivarite’s Adam Parker, Schwab’s Kevin Gordon and Robinhood’s Stephanie Guild. Plus, we break down the latest in the ongoing drama between President Trump and Elon Musk – and what it could mean for Tesla’s stock. And, Abby Yoder from JP Morgan Private Bank breaks out her playbook for the second half.

Transcript

Click on a timestamp to play from that location

0:00.0

All right, guys, thanks so much. Welcome to closing bell.

0:02.0

Scott Wobner, live from Post 9 here at the New York Stock Exchange.

0:05.0

This mega break out begins with how best to position your portfolio as the second half gets underway.

0:10.0

We'll ask our experts over this final stretch that very question.

0:13.0

In the meantime, we'll show you the scorecard with 60 to go in regulation today.

0:16.0

The majors are mixed, as you probably know by now, the Dow, the strongest of the three, as many of the recent

0:21.0

laggards get a leg up today and just the opposite for those stocks that have led the S&P to these

0:26.3

new highs. Invity is down, Apple's up. Tesla, it's a big loser today. Elon Musk and the president

0:32.7

are sparring once again over the administration's tax bill. We'll have more reporting on that.

0:37.4

Coming up in just a few, the automakers are hired today, and the administration's tax bill. We'll have more reporting on that coming up in just a few.

0:38.9

The automakers are hired today. And the casinos are too, after some good Macau numbers.

0:43.7

We'll watch all of that over this final stretch. And it does take us to our talk of the tape.

0:48.3

What will drive stocks for the remainder of the year? We will begin that conversation with Emily Wilkins on Capitol Hill as the Senate

0:55.7

does pass the big tax bill. M? Hey, Scott. Well, yeah, the Senate did pass that bill very

1:02.6

narrowly, 51 to 50 with J.D. Vance coming in for that tie-breaking vote, but they have moved ahead

1:08.4

on that $3.3 trillion dollar package, which of course now goes to

1:13.2

the House, where opposition to it is growing, and tiebreakers, of course, do not exist.

1:19.4

So House members, they're still actually digesting the bill at this point.

1:23.3

There were a number of changes, especially just in the last 12 hours.

1:27.2

So a couple things in and out of the bill.

1:29.5

What is in is a couple different pieces on the clean energy tax credits.

1:35.4

That would be a longer timeline for them, as well as about $50 billion for rural hospitals,

...

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