CNBC Business News Update - Market Close: Stocks End Mixed, Waller Sees Rate Cut Soon, Supreme Court Weighs In On Tariff Case

Episode Date: June 20, 2025

From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored by CNBC's Jill Schneider.

I'm Jill Schneider, CNBC. The Dow made a last-minute push after being lower much of the day and ended the day higher, adding 35 points. The S&P 500 started off the trading session higher after Federal Reserve Governor Christopher Waller told CNBC the central bank could cut rates as soon as next month, but then it turned around ending the day 13 points lower than as backdrop 98 European and Iranian officials are holding talks in Geneva in a bid to de escalate the Iran Israel conflict that has raged since the end of last week. President Trump has said he'll make a decision on U. S. Military

entry into the hostilities within two weeks. CFRA research chief investment strategist Sam Stovall says investors are keeping a close eye on global events. While we did hear from the president that he would look to get involved with the Iran conflict, that it's something that he'll make a decision about in the coming weeks. So again, a pause that causes investors to feel a little bit more optimistic that calmer decisions will be made. Health care and materials were the laggards this week. Financials and tech led. Coinbase and Circle continued their rally. Coinbase added 26 percent this week. Circle up 81 percent. Kroger, the top performer in the S&P today thanks to strong earnings. The grocer, hiking, same store sales

guidance. Accenture was the worst performer in the S&P. thanks to strong earnings, the grocer hiking same store sales guidance. Accenture was the worst performer in the S&P. The tech consultancy lowered despite a beat and raise thanks to a 6% drop in new bookings. The AI race intensifying as meta looks to poach top talent from other companies. CNBC confirming reports that Mark Zuckerberg is now gearing up to hire the CEO of AI startup Superintelligence as well as the former CEO of GitHub. Meanwhile, Sam Altman earlier this week saying Meta was offering massive signing bonuses for OpenAI employees to join the company. DA Davidson's head of tech research, Gil Luria, says Zuckerberg always plays to win.

He's going to rebuild the team and they're going to come back. Let's not forget his capex spend on on data centers is almost doubling this year from 37 billion last year to nearly 70 billion this year. He intends to win and it's it's hard to bet against it. Door Dash finished the day fractionally

lower but hit its highest level in five and a half years that stock up 100% over the last year. Jill Schneider, CNBC.