Closing Bell Closing Bell Overtime: Microsoft’s New Commercial CEO & USA Rare Earth CEO On Potential Government Stake 10/2/25
Oct 2, 2025
Judson Althoff, Microsoft's new commercial CEO, dives into how AI is shaping the tech landscape, emphasizing the rise of Copilot and enterprise solutions. Jeremy Siegel, finance expert from Wharton, shares insights on market trends and the potential impact of the government shutdown on GDP. Meanwhile, Barbara Humpton, CEO of USA Rare Earth, discusses vital acquisitions for securing domestic supply chains of rare earth materials and her proactive engagement with the U.S. government to ensure sustainability in this critical industry.
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Trend Holds Despite Shutdown Worries
- Jeremy Siegel says the market trend remains intact despite the government shutdown and other headwinds.
- He expects two Fed cuts by year-end, with one likely on Oct 29 and a final one in December.
Tariffs Cause A One-Time Price Bump
- Tariff increases act like a one-time tax on imports that raises prices but shouldn't trigger a recession.
- Siegel expects capital spending and AI-driven earnings to offset any consumer slowdown.
Rely More On Private Data Sources
- Use private-sector data to supplement missing government statistics during a data blackout.
- Encourage more private data providers so markets and analysts rely less on sporadic government reports.