Closing Bell Closing Bell 10/3/25
Oct 3, 2025
Dan Greenhouse, founder of Solus Alternative Asset Management, shares his insights on AI-related investing, emphasizing the importance of focusing on fundamentals over noise from political events. Emily Wilkins, a CNBC reporter, provides live updates on a crucial government funding vote, discussing its implications for federal employees and economic data. They also tackle the risks of an AI investment bubble and the impact of recent trends in private credit, creating a lively discussion around what truly matters for investors today.
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Episode notes
Market Ignores Short-Term Political Risk
- The market shrugged off the government shutdown and weak jobs, continuing to hit records.
- Scott Wapner and Emily Wilkins note investors are treating D.C. risk as a medium-term nonfactor.
Fundamentals Still Drive Investing
- Dan Greenhouse emphasizes fundamentals: inflation, the Fed, and earnings matter more than political noise.
- He believes earnings and the consumer remain resilient despite headline risks.
Unclear Where AI CapEx Cycle Stands
- Panelists debate whether AI-led capex is nearing an end or still early, with mixed views on evidence of cracks.
- No clear proof of broad pullback yet, so timing of any reset remains unknown.