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Closing Bell

Is CoreWeave The New Meme Stock? & How To Trade U.S. Trade Stalemate 6/4/25

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 4 June 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

Bond yields fall after softer ADP employment data, setting the stage for Friday’s jobs report. Our Rick Santelli breaks down the move, with Mike Santoli offering his take on what it means for markets. Adam Crisafulli of Vital Knowledge weighs in on jobs, the Fed, and the rate outlook. Earnings from Five Below, PVH, and MongoDB take center stage. Marko Papic of BCA Research discusses the implications of an expected Trump-Xi call on U.S.-China trade. Jim Paulsen joins to discuss the wave of strategists lifting their S&P 500 targets. Brent Thill of Jefferies and Gil Luria of DA Davidson go head-to-head in a CoreWeave valuation debate.

Transcript

Click on a timestamp to play from that location

0:00.0

That bell marks the end of regulation.

0:02.4

Oshkosh, bringing the closing bell

0:03.9

for New York Stock Exchange, Waystar, doing the honors

0:06.5

at the NASDAQ and stocks trading in a tight range today,

0:09.5

ending the day with the gains, S&P,

0:12.1

up nearly 20% from the April 8th lows.

0:15.4

Energy and utilities, where your laggards,

0:17.1

communication services, and real estate leave.

0:20.0

Bond yields, moving lower today on the back of some weak economic data.

0:23.5

The 10-year hitting its lowest level since May 9th. More on that ahead. That moves implications for lower mortgage rates,

0:30.0

sending the home builders higher. Meanwhile, dollar trees seeing steep losses as tariffs loon. That company saying earnings per share could see a pullback of as much as 50%

0:39.0

in the current quarter from those levies. Tesla lower following weak sales data in China and Germany

0:44.5

and some big moves among the chips on semi, the top performer in the S&P rallying big for a second day,

0:50.5

NXP, Marvell and Taiwan semi are other winners. And some stocks hitting all-time highs, Netflix, Visa, AXon Enterprises, Seagate, and Broadcom.

1:00.2

That is the scorecard on Wall Street.

1:02.3

Welcome to Closing Belt overtime where winners stay late.

1:04.6

I'm John Ford.

1:05.7

Morgan Brennan is off today.

1:07.3

Coming up, we are expecting earnings from MongoDB.

1:10.0

A couple retailers also reporting PVH and Five Below. Five Below has been are expecting earnings from MongoDB. A couple retailers also reporting,

1:11.7

PVH and Five Below. Five Below has been a proxy for China Tariff. So watch what that company has to say,

1:17.1

and we're going to bring you those reports as soon as we get them. Let's start, though,

...

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