4.8 • 118 Ratings
🗓️ 1 April 2025
⏱️ 43 minutes
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0:00.0 | Thanks so much. Welcome to closing bell. Scott Wobner live for the Post 9 here at the New York Stock Exchange. |
0:04.9 | This make a break hour begins with tariff anxiety. It's gripping the markets lately. Investors wondering when the uncertainty will end. |
0:12.1 | And if tomorrow brings a so-called clearing event leading to an April rebound, Alaska experts over this final stretch, take a look at the scorecard with 60 to go in regulation today. Mostly calm day on Wall Street, though some selling dows down about 200. Sectors are split. Discretionary has been leading today, and Tesla is a big reason why. That's not getting a nice bounce. Health care has been a drag along with financials, which are modestly weaker. |
0:39.3 | They both are as sectors today. |
0:41.3 | It does take us to our talk of the tape. |
0:43.3 | What tomorrow will bring for these markets, which are craving some degree of certainty. |
0:47.3 | For that, we begin with Megan Casella at the White House with the very latest. |
0:52.3 | Megan? |
0:53.3 | Hey, Scott, so we are slowly learning some details about what's on the table, at least, for tomorrow. |
0:58.3 | And one new detail that I can bring you now is I was just told by a White House official |
1:01.7 | that one thing that's under discussion is revoking that de minimis exemption, |
1:05.9 | that trade loophole against China. |
1:08.1 | That's one thing that's under active discussion. |
1:10.2 | Now, remember, this is a loophole that allows small packages under one thing that's under active discussion. Now remember, this |
1:10.8 | is a loophole that allows small packages under $800 to come in duty-free and without close |
1:16.5 | exemption inspection. I should say, this is something Trump tried to do earlier in the term. |
1:21.2 | It's been on a temporary pause. Now I can tell you it is something they are considering |
1:25.0 | announcing tomorrow. But as with all, L Scott, I'm told that it's fluid just over 24 hours now until that Rose Garden event. |
1:32.3 | And I am told that meetings are ongoing with White House officials. They are still deciding |
1:36.3 | exactly what direction to go in. The piece of concrete information we do have is that all tariffs |
1:41.3 | being announced tomorrow are expected to be effective immediately. |
1:45.0 | So no long lead time for companies to get adjusted. The White House says they've been teasing these for so long that other countries should already be ready for this and know at least somewhat what's coming. |
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