4.8 • 118 Ratings
🗓️ 8 April 2025
⏱️ 45 minutes
🔗️ Recording | iTunes | RSS
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0:00.0 | Welcome to closing bell. I'm Scott Wobner, live from Post 9 right here at the New York Stock Exchange. |
0:04.0 | This maker break hour begins with these jittery markets, which are once again moving on every headline about the president's trade war. |
0:10.6 | Let's show you the scorecard here with 60 to go in regulation. Once again, that doesn't really tell the story because we had a very strong bounce to start the day right up until midday. And that is when |
0:22.5 | news hit the tariffs on China will go into effect at midnight tonight at 104%. Stocks began reversing. |
0:30.6 | There is your intraday of the Dow to give you a good picture. We did dip negative when we've been |
0:34.6 | volatile ever since. And who knows where we're going to end up? |
0:42.3 | We'll follow every tick, of course. Names with heavy exposure to China turning red on that news and largely staying there, a few of them in front of you hear, Apple, Nike, Las Vegas, Sands, |
0:47.5 | to mention a few. Yields remain an important story as well. They continue to move higher today |
0:52.0 | for the most part. The two-year, though, the yields lower. |
0:55.3 | We'll watch that. Keep an eye on it. All that plus a new and very public battle brewing between |
1:02.7 | Elon Musk and Peter Navarro. That erupted on social media today. So we'll talk about that in a bit as well. |
1:07.9 | We begin with our talk of the tape. What investors should do now following |
1:11.5 | this historic market route. First, let's get the very latest from the White House. Our very own |
1:16.3 | Aiman Javers has been chasing headlines doing his own reporting today. And some of these things |
1:21.5 | have moved the market. It's been quite a day again. Yeah, it really has, Scott. What I can tell you |
1:27.4 | is that the White House is saying now that those tariffs on China are going |
1:31.3 | into effect tonight at midnight, as you point out. |
1:34.3 | Now, we haven't seen the paperwork on this yet, and a White House official just told me they |
1:39.3 | have no indication that the President is going to sign that additional 50% tariff on China in public on camera |
1:46.3 | in any way that we can see even on social media. So we may just simply have to watch the |
1:51.3 | Federal Register to see if that additional 50% retaliation on China that he talked about is signed |
1:57.8 | at some point between now and midnight. I'm told it hasn't been yet. They expect it |
... |
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