meta_pixel
Tapesearch Logo
Closing Bell

Closing Bell Overtime: Rough First Quarter Comes to A Close; Debating the True Tariff Impact 3/31/25

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 31 March 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

Scott Wren, Wells Fargo Investment Institute Senior Global Market Strategist, and Victoria Greene, G Squared Private Wealth CIO, discuss the latest market trends. Joseph LaVorgna, SMBC Nikko Securities America Chief Economist and Former Trump Economic Advisor, and Mark Zandi, Moody’s Analytics Chief Economist debate the true impact of tariffs. Neuberger Berman Portfolio Manager John San Marco talks the impact of tariffs on consumers, while Veriten Partner Arjun Murti talks energy and macro policy. Mizuho Healthcare Strategist Jared Holz provides insight on vaccines. Plus, NASA Astronauts Butch Wilmore and Suni Williams on returning to Earth after their odyssey in outer space.

Transcript

Click on a timestamp to play from that location

0:00.0

That bell marks the end of regulation, Rainbow Push Coalition and Citizenship Education Fund,

0:08.0

ringing the closing bell for New York Stock Exchange, stealth gas doing the honors at the NASDAQ.

0:12.0

Stock's making a striking comeback as we closed the books on the first quarter, which was marked by steep declines for the major averages,

0:19.0

including a double-digit percentage drop for the

0:21.3

NASDA, driven by weakness in Tesla, InVIDIA, and other mega-cap names. That is the scorecard on

0:27.4

Wall Street, but winners stay late. Welcome to closing bell overtime. I'm John Ford with Morgan

0:31.4

Brennan. Well, coming up on today's show, The Great Tariff Debate, former Trump economist Joe

0:37.1

Livornia and Moody's Analytics chief economist Mark Zandi

0:40.3

will join us with opposing views on how tariffs could impact the broader economy.

0:45.0

Plus, will the first quarter winners keep on winning this year?

0:48.5

Well, we'll talk about the opportunities in the energy sector,

0:51.6

the top performer in Q1, up about 9%.

0:55.0

And biotech stocks getting burned today, sitting out the comeback after the FDA's vaccine chief resigned.

1:01.0

A top analyst weighs in on how much more pain could be ahead.

1:05.0

Now let's get straight to today's market action and this major comeback off the lows to finish out the first quarter with the Dow swinging more than 900 points in this session.

1:15.0

Joining us now, Scott Wren, Wells Fargo Investment Institute, senior global market strategist,

1:19.1

and Victoria Green, G-square Private Wealth founding partner and CIO.

1:22.9

She is also a CNBC contributor.

1:25.2

Guys, welcome.

1:26.3

Scott, Q1 was rough, but many were predicting volatility to start the year.

1:32.4

So do you stick to the U.S.-centric playbook here, or did new cracks form in the thesis?

1:39.2

Well, John, I think for us, you know, we still want to be U.S. over international, at least for now.

...

Transcript will be available on the free plan in 1 days. Upgrade to see the full transcript now.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.