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Closing Bell

Closing Bell Overtime: 3/28/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 28 March 2025

⏱️ 46 minutes

🧾️ Download transcript

Summary

From the open to the close, “Closing Bell” and “Closing Bell: Overtime” have you covered. From what’s driving market moves to how investors are reacting, Scott Wapner, Jon Fortt, Morgan Brennan and Michael Santoli guide listeners through each trading session and bring to you some of the biggest names in business.

Transcript

Click on a timestamp to play from that location

0:00.0

That's the end of regulation. Riverdance 30 ringing the closing bell at the New York Stock Exchange.

0:08.4

Amber International doing the honors at the NASDAQ. Hard truths from hard data today.

0:14.4

As a hotter inflation print coupled with weak consumer sentiment sent markets tumbling.

0:19.3

The S&P finishing down about 2%. Pushing the major averages

0:22.3

deep into the red for the week to reverse those gains. That's the scorecard on Wall Street,

0:26.8

but the action is just getting started. Welcome to closing bell overtime. I'm Morgan Brennan.

0:31.3

John Ford is off today. We've got a big show coming your way. Former Fed economist Claudia

0:35.6

Somm will join us with her reaction to today's

0:37.6

potentially concerning inflation print and how it could impact the Fed's next moves. Plus

0:44.5

T-Rope Price Tech portfolio manager Tony Wong breaks down the pain today in tech and what

0:49.8

Corweaves IPO says about demand for AI stocks, so that stock basically finishing flat today.

0:56.3

And why one technician says we might be near an intermediate term low in the market and why

1:01.5

he's sticking with a bullish year-end forecast.

1:03.8

We're going to be checking into the technicals here.

1:05.8

But we begin with this market sell-off more broadly as the rebound attempt this week has failed.

1:10.4

Let's bring in Unlimited CEO and CIO Elliott, and Richard Bernstein Advisors, CEO,

1:15.3

Richard Bernstein.

1:16.0

It's great to have you both here on what is another down day and down week for the major

1:21.0

averages.

1:21.6

Bob, I'm going to kick this off with you because one of the conversations we've been having

1:24.7

is the idea that so-called smart money

1:28.2

or hedge funds and institutional investors are really selling here, de-risking ahead of the tariff

...

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