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Closing Bell

Focus on Netflix Earnings, Trump vs. Powell, and Market Response 4/17/25

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 17 April 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

Malcolm Ethridge of Capital Area Planning Group and Barbara Doran of BD8 Capital Partners break down the shortened-week’s market action. Mark Mahaney of Evercore ISI offers a Wall Street rapid reaction perspective on Netflix, followed by broader entertainment industry insights from Ben Silverman, Propagate Content Chairman and former NBC Entertainment Co-Chairman. Former acting White House Chief of Staff Mick Mulvaney talks the President’s relationship with Fed Chair Jerome Powell. Huntington Bancshares CEO Stephen Steinour joins to discuss earnings, the consumer, and more. Mizuho’s Jared Holz breaks down major moves in the health care sector.

Transcript

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0:00.0

That's the end of regulation. Reed Alliance, bringing the closing belt, the New York Stock Exchange

0:03.7

class over holdings doing the honors at the NASDAQ. A mixed session to close out this shortened

0:08.3

trading week. The S&P 500 outperforming while the Dow gets dragged down by United Health.

0:14.9

It looks like the S&P finished fractionally higher. That is the scorecard on Wall Street,

0:18.9

but the action is just getting started. Welcome to Cl bell overtime. I'm Morgan Brennan. John Ford is off today. We're just moments away from

0:26.1

Netflix results, a key test for big tech as earning season gets into full swing. We've got a great

0:32.7

lineup of experts to help break down all the numbers and also ahead.

0:41.4

Former Acting White House Chief of Staff Mick Mulvaney will join us to talk about the dramatic day of heated rhetoric from President Trump toward Fed Chair Powell.

0:46.5

But as we await Netflix results, let's get to the market that just was.

0:52.1

And joining me now is Barbara Duran, BD8 Capital Partners founder and CEO and Malcolm Etheridge, managing partner at Capital Area Planning Group and a CNBC contributor.

1:00.9

Great to have you both here.

1:02.4

As I mentioned, a mix end to the session here.

1:05.2

The S&P, it looks like as we settle out, maybe 52, 82.

1:08.1

The NASDAG basically at the flat line here but the Dow dramatically lower

1:13.1

largely because of United Health. Barb, I'm going to go to you first here because we have

1:18.0

we had tax day this week and we know that tends to bring in some good seasonality.

1:23.7

We also know there's a lot of macro uncertainty and earning season is really just getting

1:28.5

underway here. So what do you think of this market? Well, it's interesting. It's always a question

1:33.8

of how much is being discounted in the market because we're a couple months into this correction.

1:38.2

And I think it's unknowable. I think the worst is probably behind us because of the draconian

1:43.5

tariffs that were out a couple weeks ago,

1:45.9

and we know that that's being worked on. In fact, there were some positive, you know, tweets about

...

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