Closing Bell

Markets respond to oil flows and geopolitical risks around the Strait of Hormuz. Nvidia’s big product and demand roadmap sparks debate about AI infrastructure and memory stocks. Analysts parse tech spending discipline, semiconductor supply dynamics, and potential upgrades. Washington watchers discuss Fed leadership scenarios and timing implications for policy decisions.

Holly Mazzocca, portfolio manager at Bartlett known for tactical portfolio construction, discusses defensive positioning, labor-market risks, and navigating geopolitical shocks. She talks about peak uncertainty, how oil and tech moves shape allocations, and practical steps for protecting portfolios during market swings.

Leon Panetta, former Defense Secretary and CIA Director, on military options, Strait of Hormuz risks, and paths to ceasefire. Amon Javers, Washington reporter, on DOJ subpoenas, Fed legal fights, and political fallout. They discuss market pressure from Washington, oil and energy risks, and what rising geopolitical tension means for investors.

Pippa Stevens, energy markets reporter tracking oil spikes and retail crude ETF flows. Steve Leisman, economics correspondent analyzing Fed testimony and legal fallout. Janine Pirro, D.C. prosecutor defending grand jury subpoenas in the Powell probe. Eamon Javers, investigative reporter on the federal subpoena ruling. They discuss oil-driven market swings, Fed legal battle and courtroom rulings, and retail trading dynamics.

Lauren Williams, CSIS deputy director who explains Iran-linked cyber threats and corporate risk, and Christina Partsinevelis, CNBC on-air reporter covering movers and earnings. They discuss cyberattacks tied to regional conflict, stocks hitting fresh 2026 lows, oil and energy winners, earnings movers like Adobe and Ulta, and how markets and yields are reacting to geopolitical shocks.

Pippa Stevens, an energy and commodities reporter tracking oil market moves and SPR activity, and Eamon Javers, a Washington correspondent covering U.S. policy and Iran, discuss spikes in oil, Strait of Hormuz tensions, SPR release limits, market positioning amid geopolitical unknowns, and how advisors are adjusting portfolios and private credit exposure.

Lizanne Saunders, Chief Investment Strategist at the Schwab Center for Financial Research, discusses rapid market rotations and who’s driving them. She covers short-term retail and institutional flows. She also talks about shifting focus back to fundamentals and how portfolio construction adjusts amid volatility.

Leslie Picker, a CNBC financial services reporter, and Stephanie Link, an investment pro focused on banks and software. They discuss JPMorgan’s pullback from private credit, shifts in financials and bank opportunities, software’s investability amid AI disruption, and which software segments stay mission-critical. Short, timely market moves and major corporate developments pop up throughout the conversation.

They dig into crude price swings tied to Strait of Hormuz reports and how naval escorts, insurance and mines affect supply. Experts weigh scenarios that could push oil higher or pull it back. Corporate earnings for a major cloud and AI infrastructure player reveal capex and financing moves. Rising geopolitical tension with Iran and its market implications are also unpacked.

Pippa Stevens, CNBC energy reporter tracking oil moves and Strait of Hormuz developments. Adam Parker, TriVari founder and market strategist offering macro and earnings perspective. They discuss sudden oil-driven market whipsaws. They debate whether the recent stock rebound is durable, how software and private credit stack up, and what higher oil could mean for U.S. markets.