Stocks Finish Higher to Close Out One Of Wildest Weeks Ever On Wall Street 04/11/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 11 April 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

The major averages posted their best weeks in over a year, despite some major down days, after Wednesday’s historic rally. Bob Elliott of Unlimited and Charlie Bobrinskoy of Ariel Investments discuss the day’s equity action and investor positioning. Our Leslie Picker reports on developments in the banking sector. Krishna Guha of Evercore ISI joins to break down the Fed outlook, recession odds, and how tariffs and recent data are factoring into macro policy expectations. Angelo Zino of CFRA shares his view on Apple—and why he just raised his odds that the company gets a tariffs exemption. Bill Perkins of Skylar Capital weighs in on the latest moves in the energy complex. Our Diana Olick explains how China’s involvement in U.S. mortgage-backed securities could ripple through housing markets.

Transcript

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0:00.0	That's the end of regulation. YPF, ringing the closing bell at the New York Stock Exchange,
0:06.1	stack doing the honors at the NASDAQ. Happy Friday. A higher close to finish out this wild week
0:12.6	as equities contend with the latest trade headlines and big moves for bonds and the dollar.
0:17.5	That is the scorecard on Wall Street, but the action's just getting started.
0:21.1	Welcome to closing bell overtime. I'm Morgan Brennan. John Fort is off today.
0:25.4	Well, coming up this hour, Evercore ISI, Vice Chairman Krishna Guha on the odds of a recession
0:30.0	and the dislocations we've seen in the dollar and the bond market, why it's so unusual.
0:35.4	Plus, the energy sector getting some relief today, but still
0:38.6	trading near its lowest level since 2022 as oil fell. We're going to talk to a noted energy trader
0:45.0	Bill Perkins about those moves. And one firm says the odds of an Apple tariff exemption are rising.
0:51.6	The analyst behind that call will join us to make his case. But let's get
0:54.9	straight to the market action with the major averages all logging big gains for the day, for the
1:00.1	week, largely thanks to Wednesday's historic rally after the tariff pause enacted by President
1:06.2	Trump on that day. But joining me now is Unlimited Fund CEO and CIO Bob Elliott and Ariel
1:10.4	Investments
1:10.9	Vice Chairman Charlie Brinzcoe, along with CNBC's Leslie Picker watching the moves that we saw
1:16.5	today for the banks. It's great to have you all here. Bob, I'm going to start with you because
1:22.1	there's been a lot of focus on technicals here in this market. Is this, is this an S&P that is trying to find a bottom here? And if it is,
1:31.8	do you buy the dips? Yeah, I think the market right now is getting a little bit of relief on the
1:37.3	hope that this set of tariff policies are going to eventually and quickly be reversed. If you
1:44.1	look at surveys of
1:45.6	investors right now, the expectation, 80% of them expect this tariff policies to be wiped clean
	...

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