Welcome to closing bell. I'm Scott Wapner live from Post Night here at the New York Stock Exchange.

This make-or-break hour begins with breaking news. A presidential pivot sending stock surging just about 90 minutes ago.

That is when President Trump posted on Truth Social that he was authorizing a 90-day pause on reciprocal tariffs,

and a baseline reduction down to 10% across the board to everyone but China. Those tariffs are being

increased to 125%. But it's the news of that stay that has turned this market in a very big way.

Bonds very much of the story, the 10-year yields surging over the past couple of days, unnerving many

people. A strong treasury auction, 1 p.m. today, taking a little bit of the edge off of that.

We, of course, are watching that so closely.

So many stocks are up.

Many tech names, including Apple, absolutely surging midday, and that is where they remain currently.

Altimeters, Brad Gersner, will be with me exclusively in just a moment

to break all of this down, plus a big lineup to follow. Ed Yardini, Muhammad El Arian, and Pimco's

rich Clareda. It does take us to our talk of the tape. The pivot and what it means now.

Let's first bring in our Aiman Javvers at the White House with the very

latest. Amen, they said this was the plan all along. Scott, that's right. There was really no

notice for this. It was very quiet afternoon at the White House until all of a sudden it wasn't.

We're trying to get a little bit more of a TikTok in terms of the president's decision-making.

We saw Scott Besson, the Treasury Secretary, come out sort of impromptu to talk to reporters

here at the White House.

He said that he had a conversation with the president back on Sunday about strategy.

Here's what the president, what Scott Besson said.

He said, I had a conversation with the president on Sunday.

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