CNBC Business News Update - Market Close: Stocks Higher, Dow, S&P 500 Index, And Nasdaq Each Close At All Time Highs, Investors Brace For Inflation Data Wed And Thurs 9/9/25

Episode Date: September 9, 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.

I'm Jessica Eddinger, CNBC. Wall Street opens Wednesday morning after not only a winning day for stocks, but a record-setting day for stocks. The Dow, the S&P 500 index and the NASDAQ, each closing at new record highs Tuesday afternoon. Investors shaking off the incredible revised job creation number in the U.S. and some worries about inflation. The Dow up 196 points, 4 tenths of a percent, United Health shares leading it higher. were up 8.5%. The S&P 500 index was up 17 points. The NASDAQ up 80 points and invidia shares were up almost 1.5%. On Tuesday, companies who shares hit fresh all-time highs include Morgan Stanley, Goldman Sachs, and Ticketmaster Parent Live Nation. BlackRock CEO Rick Reeder, whose name is on the list as a possible chairman of the Federal Reserve. He's a believer lowering interest rates. We are seeing something in the country today. that we haven't seen with this intensity in an extended period of time, low incomes having a really hard time.

And by the way, it's half the country that's having a hard time. If you think about today, if you're being burdened by tariffs, and largely it's goods, so the goods are where lower income, middle income, suffer from when you have goods inflation, to say, gosh, we're going to charge you a higher rate to borrow too. It doesn't feel like that is equilibrium. I think we can get that rate down. Black Rock's Rick Reeder on CNBC, the U.S. economy may be,

in worse shape than first thought, though, with about a million fewer jobs created than the data had previously shown. It was the biggest government revision lower in job creation in the U.S. in more than 20 years. 911,000 less than previously reported. From April of 24 through March of 2025, this is the annual benchmark revisions. We were not creating as many jobs as we thought. It's suggesting much weaker payroll growth. I know that some fed officials I think this is part of a broader story of weakness in the job market that should cause the Federal Reserve to cut. CNBC senior economics reporter Steve Leesman, meantime reaction to that from the CEO of the nation's biggest bank. J.P. Morgan Chase's Jamie Diamond on CNBC.

That's a big revision. So the economy's weakening. You know, whether that is on the way to recession or just weakening, I don't know. Apple announced new products, including a new watch, earpods, and a thinner and lighter iPhone. 17 air. Typically want the most powerful phone with the best camera and the best battery life. Is the iPhone air that? It's not. Maybe you wait for the next generation. The next generation might be a fold.

But when it comes to the air, it doesn't have the specs as everything else does. Next year is the big event. It's going to be the fold according to all the rumors. And the iPhone air will kind of settle in into an in-between region and eventually maybe even fade out of the product lineup altogether. Big technologies, Alex Cantra, on CNBC. Coffee hit its highest since last May as tariffs and bad weather impact that commodity. Important inflation reports this week expected to show prices are still rising on Wednesday's

watch list. We get the latest on wholesale inflation Wednesday morning with the PPI, the producer price index. Consumer inflation data will be out Thursday morning. Earnings are coming Wednesday from Chui. Klarna begins trading on the New York Stock Exchange. It's the pay-in-for or buy-now-pay-later company. Jessica Eddinger, CNBC. Celebrating 30 years of Squatbox and streaming on CNBC Plus.