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Closing Bell

Closing Bell: When Will the Uncertainty End? 3/31/25

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 31 March 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

Is Wednesday’s expected tariff announcement just the thing to end all the market uncertainty? We get the latest with our own Megan Cassella and discuss Strategas’ Chris Verrone. Plus, we break down what is next for the Fed with Richmond Fed President Tom Barkin. And we drill down on a big move in the energy space as we wrap up the quarter.

Transcript

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0:00.0

All right, guys, thanks so much. Welcome to closing bell. Scott Wobner live from Post 9 here at the New York Stock Exchange.

0:05.5

This make-a-break hour begins with yet another day of uncertainty in the markets, tariffs looming,

0:10.9

investors assessing where the U.S. economy is heading from here.

0:14.7

On that note, we will have an exclusive interview with Richmond Fed President Tom Barkin in just a few moments right here at the New York Stock Exchange.

0:23.4

Let's show you the scorecard with 60 to go in regulation.

0:26.2

Different picture than it was earlier in the session.

0:28.7

We've actually come back a lot from this morning's retest of the March lows.

0:32.7

You can see S&P and Dow positive now.

0:35.0

Walmart leading the staples higher,

0:36.8

Nvidia pacing for its low, its close of the year.

0:39.7

As tech continues, it's selling.

0:42.1

We'll watch that closely, of course, over this final stretch,

0:45.3

which takes us to our talk of the tape when all of this market

0:48.4

uncertainty might end, and whether Wednesday's

0:51.6

expected tariff announcement is the thing to do it.

0:54.6

Let's start there with the very latest from the White House, our own Megan Kisela.

0:58.3

What is the very latest, Megan?

1:00.6

Hey, Scott, so just in the last hour or two, we got just a few more details on what to expect on those reciprocal tariffs this week.

1:06.6

White House Press Secretary Caroline Levitt told reporters that the full cabinet will be here

1:11.2

in the Rose Garden for an event on Wednesday and that the president will be announcing the

1:15.7

rollback of unfair trade practices. That to me suggests the focus will be on how other countries

1:21.5

have responded to the tariff threat, maybe less of a focus on new tariffs will have to see.

...

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