CNBC Business News Update - Market Close: Stocks Higher, Amazon Spending On AI For Federal Government, Car Loan Payments At New Record High 11/24/25

Episode Date: November 24, 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 and reported by CNBC's Jessica Ettinger. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

I'm Jessica Eddinger. CNBC, Wall Street with gains to start this holiday shortened week. The financial markets will be closed Thursday. There's a half day of trading on Friday. Monday saw a reawakening of the AI trade. The Dow up 202 points, almost a half percent. Merck leading that index higher, up 2.7%. The S&P 500 index, up 102 points.

That was 1.5%. The NASDAQ was up 598 points on Monday. That was more than 2.5%. Shares of Nvidia up more than 2%. Companies who shares at fresh all-time highs on Monday include Google Parent Alphabet, plus Monster Beverage, Ralph Lauren, Ross, Dress for Less, Travelers, Cardinal Health, and Eli Lilly. But the green for stocks doesn't mean the economy is easy. Some believe it's very uncertain.

Uncertainty is the word I would use. When you have policy that's driving in an inflationary direction at a time when the deficit is as large as it is and growing and the tariffs distorting so much that's going on in our economy, it's hard to say I'm comfortable. I'm not of the view that we're about to go over a cliff, but a shock could come and we're not well poised to handle a shot. That's former Treasury Secretary Jack Liu on CNBC. investors did get another indication that the Fed, seeing the job market weakening, may cut interest rates at its December meeting. Yeah, Mary Daly telling the Wall Street Journal that she does back a December rate cut largely because of her concern about the labor market. CNBC senior economics reporter Steve Leesman on the San Francisco Fed President's sentiment. Amazon spending up to $50 billion on AI infrastructure for the U.S. government to support federal.

agencies. Americans are paying 30% more for a car since 2018. This is according to Cox automotive and loan payments have hit another record high. Auto loan monthly payments. According to TransUnion, the average monthly new vehicle auto loan payment is more than $750. A couple of things have been driving auto prices and auto payments higher. First of all, automakers are focusing on higher trim levels. I know everybody says, well, What about the base price? You know how few people order a base model? It just doesn't happen.

And the automakers realize that people want the technology and the features that they've become used to. CNBC's Phil LeBoe. On Tuesday's watch list, earnings are coming from some big retailers like Best Buy, Dick's Sporting Goods, Burlington stores, Abercrombie and Fitch, and Coles. We also hear from J.M. Smucker and Workday. ADP will release an estimated jobs report. We get the latest on home prices from S&PK Schiller. The latest on consumer confidence will be out. And we also get some backward-looking inflation data at the wholesale level.

We're going to get the September PPI, the producer price index. Jessica Eddinger, CNBC. Join the club with Jim's best deal of the year at CNBC.com slash club Black Friday. Terms and restrictions apply.