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Closing Bell

Closing Bell: The Final Tariff Countdown 4/2/25

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 2 April 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

Will today’s tariff announcement clear the way for stocks to move higher or only underscore why they’ve been falling? We discuss with The Wharton School’s Professor Jeremy Siegel, Solus’ Dan Greenahus and Fundstrat’s Tom Lee.

Transcript

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0:00.0

Thanks so much. Welcome to Closing Bell. I'm Scott Wapner, live from Post 9 here at the New York Stock Exchange.

0:05.0

This make-a-break hour begins with the countdown to more Trump tariffs. One hour away now from that event in the Rose Garden.

0:13.0

We will go live to the White House in just a moment for the very latest there. In the meantime, we'll show you the scorecard here with 60 to go and regulation.

0:20.0

We did start red today.

0:21.6

We turned midday.

0:23.6

We're still hanging green for the moment.

0:25.6

The ADP employment report was stronger than expected.

0:28.6

Yields moved up after sliding recently.

0:31.6

Tesla is a big mover today.

0:33.6

On a political report that the president is telling his inner circle now that Elon Musk will be leaving soon.

0:39.3

Interesting news, the stock has basically been around that level now, up 5% for most of the day here since that report hit.

0:46.3

All of it takes us to our talk of the tape.

0:48.5

Will today's tariff announcement clear the way for stocks to move higher or only underscore why they've been falling recently

0:54.4

to begin with.

0:55.5

Let's first go to Megan Casella at the White House, who has the very latest for us.

0:59.3

Megan?

1:00.3

Scott, this is what we've been waiting for.

1:02.0

Less than an hour now until that Rose Garden ceremony, where we'll finally hear from

1:05.3

the president who has made his decision now on just how he wants to proceed on the reciprocal

1:09.7

tariffs. The Rose Garden is all set up, about 150 seats there for steel workers, auto workers,

1:14.9

manufacturers who will be in attendance for that.

1:16.9

I'm told the president now is just focused on finalizing his speech.

...

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