Closing Bell: Stocks Jump on Hopes for Trade Fight De-Escalation 4/22/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 22 April 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Strategas’ Chris Verrone tells us how he is navigating today’s jump. Plus, Tesla shareholders Gene Munster and Bryn Talkington weigh in on that name ahead of its earnings report. And, Treasury Partners’ Richard Saperstein tells us where he is seeing pockets of opportunity right now.

Transcript

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0:00.0	Welcome to closing bell. I'm Scott Wobner, live from Post 9 here at the New York Stock Exchange.
0:04.2	This make a breakout begins with more trade twists and turns, a still volatile stock market today.
0:09.4	The picture with 60 to go in regulation looks like that.
0:12.9	Was an already good bounce. It got even bigger around midday today when reported comments from the Treasury Secretary about the trade war with China sent stock shooting even higher.
0:23.3	You could see the move.
0:24.8	A little bit of a pullback after that lasted about an hour
0:28.0	until a report from our very own Aymn Jabbers
0:30.4	moved the market yet again
0:32.2	and took a little bit of steam out of this rally.
0:34.7	He's gonna join us momentarily from the White House with the very latest
0:38.6	in what is still a fast-turning story because the market, as you see, is moving back towards
0:44.7	the highs. The Dow's good for a little more than a thousand points right now, two and two-thirds
0:49.0	percent. Then there's the other big story after the bell tonight. It is Tesla. Those earnings
0:54.0	in overtime,
0:54.9	always a highly anticipated release, this time even more so, given the stock's big decline this year,
1:00.5	and Elon Musk's elevated role in the political arena, Philibault will have the latest for us in just a moment as well.
1:07.3	We do begin, though, in Washington with ourman Javvers on the North Lawn today.
1:11.4	Amon, you moved the market earlier. Now we're coming back a little bit. What is the very
1:16.9	latest from your perspective on the North Lawn?
1:19.7	Well, Scott, what we heard is White House Press Secretary Caroline Levitt sending an encouraging
1:23.5	signal about trade negotiations with China during her briefing this afternoon. She said
1:28.3	President Trump wants to get to a deal.
	...

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