Closing Bell Closing Bell Overtime: Dollar’s Big Drop; Nike Earnings & A New NYC Wind Farm Project 6/26/25
Jun 26, 2025
Mike Santoli, CNBC's Senior Markets Commentator, dives into the latest market trends influenced by the Fed and geopolitical tensions. Diana Olick breaks down the U.S. housing market, highlighting a slight uptick in pending home sales despite affordability challenges. They also discuss Nike's earnings report, revealing cautious optimism as the brand pivots its strategy, and touch on the emerging NYC wind farm project that promises sustainability. The conversation wraps up with insights on defense stocks and the impact of a weakening dollar.
AI Snips
Chapters
Transcript
Episode notes
Earnings Outlook and Dollar Impact
- Earnings expectations for Q2 are surprisingly low, setting a low bar to beat. Tech mega caps gain from a weaker dollar as 60% of revenues come from outside the U.S.
Market Prices In Dovish Fed
- Market moves reflect expectations for a dovish Fed chair in 10 months. Falling 2-year yields and a weaker dollar signal anticipation of multiple rate cuts.
Market Cautious but Optimistic
- The market is chipping away at the "wall of worry" with easing tariffs and subdued geopolitics. There is $7 trillion on the sidelines ready to invest given solid growth and lower yields.