CNBC Business News Update - Market Close: Stocks Higher, Dow, S&P 500 Index, And Nasdaq All Close Friday At Record Highs, Lines To Buy Apple's iPhone 17 9/19/25

Episode Date: September 19, 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 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 opens Monday morning with the major averages all at new record highs, coming off a winning week for stocks. The Dow on Friday, up 172 points, led higher by shares of Amgen, which were up 3.5%. The S&P 500 index was up 32. The NASDAQ added 160 points, 3 quarters percent. Invidia shares were higher Friday, up 2 tenths of 1%. investors are waiting for the latest on inflation coming in the PCE report on personal consumption expenditures next Friday. President Trump and China's President Xi held a high-stakes call over whether TikTok will come under U.S. control. The Chinese video app sits on the phones of half the U.S. adult population. It was banned by Congress as a national security risk. President Trump has been extending the deadline to ban it. A statement from President Trump on his social media platform, The President Trump said, I just completed a very productive call with President Xi of China.

We made progress on many very important issues, including the approval of the TikTok deal. We will be speaking again by phone. Appreciate the TikTok approval. Interesting there. None of these statements actually say there is a deal for TikTok. And we haven't seen any paperwork on that from here at the White House in terms of what the particulars are. So they also caution, you know, don't jump to the conclusion that this means there's no deal. means there's no deal. CNBC's

Amon Javvers in Washington. A take on this from Hayman Capitals, Kyle Bass on CNBC. The fact that this deal is not fully announced yet tells me that there's still a pretty significant hurdle here. I mean, it's the greatest tell of all. It's worth at least $50 billion, if not more.

And if she is willing to just let it go dark, as opposed to receiving $50 billion, again, it's the biggest poker tell of all time as to what the intent and what the rationale for China's ownership of the algorithm originally was and currently still is. Walmart's online marketplace has boomed and grown and with the growth came identity theft

and fake products. A CNBC investigation found that Walmart made its seller and product vetting more lax to try to compete with Amazon and that invited some trouble. Amazon got a lot stricter. It banned a lot of sellers and made it a lot harder to sell name brand goods. And so these sellers were looking for a new place to go and Walmart eager to expand kind of made it easier for them to get in the door. It does come with a lot of risks. A lot of the products that we found in this investigation are health and beauty products, things that go on our face, counterfeit supplements. We spoke with a customer who purchased counterfeit brain supplements from Walmart. And if someone's injured from that, that can open up a lot of liability. CNBC's Gabrielle

phone rouge. The whole investigation is at CNBC.com. Apple shares up about 3% Friday, the iPhone 17, available to purchase and lines at Apple. stores around the world. This is a really good sign here and around the world. That demand seems to be stronger than it was last year. We saw that in the pre-order data. CNBC's Steve Kovac at the Apple store in New York City on 5th Avenue. Taylor Swift's new life of a showgirl album out October 3rd and it's moving at least one stock. Taylor Swift affects the economy once again, shares of AMC up 5% on Swift's announcement of a release party for her new single. only in theaters from October 3rd to October 5th.

And it's not just the single. There's a secret movie that you get to go and see. CNBC's Contessa Brewer. On Monday's watch list, it'll be the first day of fall trading. The Google AdTech Antitrust Remedies Trial begins in Washington. The House and Senate break for recess, Rosh Hashanah begins at sunset. Jessica Ettinger, CNBC. CNBC is the network for ambitious people.