CNBC Business News Update - Market Close: Stocks Higher, Dow Hit New Intraday High, FDA Questions Novo Nordisk TV Ad Claims About Weight Loss Pill 2/9/26

Episode Date: February 9, 2026

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I'm Jessica Eddinger. CNVC. Wall Street opens Tuesday morning after the AI trade made a little comeback. InVidium Microsoft meta all higher. Even beaten up software stocks found some buyers on Monday. The Dow set a fresh record high intraday. It was up 20 points led higher by shares of Microsoft, which were up 3%. The S&P 500 indexed up 32 points. The NASDAQ finished up 207 points. That was almost 1%. shares of Nvidia were up more than 2% on Monday. Companies who shares at fresh all-time highs Monday include Walmart, Caterpillar, Corning, Honeywell, Cisco, Charles Schwab, Delta Airlines, and Exxon. Well, listen, I mean, you see it in the price performance that the rallies broadening out. Since earnings season began, it's not tech, obviously, it's energy, it's consumer staples. I think there's question about how sustainable some of this is. Solace investment stand greenhouse on C&BC. The FDA says Novo Nordus, TV ad for its Wigobi obesity pill includes false or misleading claims. Phrases in the commercial like Live Lighter and Away Forward imply greater weight loss than other treatments on the market.

And there's no evidence to support that. This is from a Bloomberg report. If the Super Bowl showed anything, it shows America is a gambling nation. Caesars said it had two of the highest bets ever on just the simple coin toss for yesterday. By the way, it landed on heads, and the payout, that's low for that kind of bet. Somebody in Iowa bet $100K on tails. Somebody in Nevada made a $253,000 bet on heads. 103 odds.

I mean, who bets more than a quarter million dollars on the chance to win $7,600? And then you lose? Right. CNBC's Contessa Brewer, her full report at CNBC. Instagram and Facebook parent Meta in court over allegations that its platforms and apps are dangerous products. Similar to the big tobacco lawsuit, the state of New Mexico says Mehta's Instagram and other apps are magnets for child sexual predators. Here's that state's attorney general Raul Torres on CNBC. What we are really alleging is that meta has created a dangerous product.

One of the shocking revelations that, you know, was unsealed just on the eve of trial is that one of their own researchers determined that nearly half a million cases of child sexual exploitation were occurring on their platforms every day. And what it goes to is this understanding by meta executives, including Mr. Zuckerberg, that they have created a space for predators to target and exploit children, and then they lied about it. and they are responsible for deceptive conduct and creating a dangerous product. Many of New Mexico's allegations against META came from an undercover operation conducted by the AG's office. They created a fake social media profile modeled after a 13-year-old girl. Torres previously told CNBC the dummy social media profile was simply inundated with images and targeted solicitations, which quite frankly he said were shocking. Meta denies the allegations.

retailers are hoping you're out there spending this week on candy cards and flowers for this Saturday's Valentine's Day consumer spending for the day of love forecast to hit a record $29.1 billion, according to the National Retail Federation and Prosper Insights and Analytics. On Tuesday's watch list, earnings are coming from Coca-Cola, Marriott, Mattel, and Ford. And we get the latest on retail sales. Jessica Eddinger, CNBC. It's got America written all over it. CNBC, live ambitiously.