CNBC Business News Update - Market Close: Stocks Higher, Investors Brace For Nvidia Earnings Wednesday After The Closing Bell, Boeing Shares Higher On Korean Air Jet Order 8/26/25

Episode Date: August 26, 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. Stocks are coming off a winning Tuesday. The Dow up 135 points, led higher by shares of Boeing, up three and a half percent. The S&P 500 index was up 26 points. The NASDAQ added 94 points. That was almost a half percent. InVIDIA shares were up a little more than 1 percent ahead of reporting quarterly results after the closing bell on Wednesday afternoon.

Companies who shares hit fresh all-time highs Tuesday, Synchrony Financial General Dynamics, Raytheon RTCS, Seagate, Analog Devices, Autonation, and Penske Automotive Group. Coles shares plunged 6% Tuesday on a Bloomberg report. The retailer may be having money trouble. Coles is asking at least some vendors for more time to settle its invoices, which is something we do see retailers do from time to time when it comes to a cash management strategy in a way potentially to conserve cash. CNBC's Courtney Reagan, Boeing popped 3% after South Korea's president met with President Trump at the White House. A big deal from Korean air ordering more than 100 planes from Boeing.

Not a huge surprise here that a deal was announced. That was expected. There are more than 103 ordered or 103 total, including 5737 max 10s, book value, just over $36 billion. CNBC's Phil LeBoe. Investors are watching as President Trump says he's fired Fed Governor Lisa Cook. She's accused of mortgage fraud, but she says she'll sue to. keep her job. The president has been pressuring the Fed to lower interest rates. He does get to a point loyal replacements for anybody who leaves the committee. More questions and answers about the

independence of the Fed, the power of the president, over the central bank, and of course the more important outlook for monetary policy when it comes to markets. The president saying he fired Cook for, quote, allegedly making false statements on one or more mortgage agreements. Cook responded quote, President Trump reported to fire me for cause when no cause exists under the law and he has no authority to do so. I will not resign. Questions include is Cook actually fired now? Does the president actually have this authority? What will Fed Chair Powell do in responsibly, allow her into the building or cut off for email or whatever? How and when will the courts weigh in here? How much controls the president have over the Fed?

CNBC senior economics reporter Steve Leesman. Consumer confidence still in the doldrums this that came in lower than last month after revisions. Intel, now 10% owned by the U.S. government in an unprecedented move. And Commerce Secretary Howard Lutnik told CNBC, the Trump administration is eyeing defense contractors next. Oh, there's a monstrous discussion about defense. I mean, Lockheed Martin makes 97% of their revenue from the U.S. government. They are basically an arm of the U.S. government. Apple announced a launch event for Tuesday, September 9th for a new iPhone 17 possibly to come out. Google's pixel phones have integrated AI and investors fear that Apple's products are now way behind. On Wednesday's watch list, we do get earnings from Nvidia after the bell. Plus Abercrombie

and Fitch, J.M. Smucker, Crowdstrike, Five Below Snowflake Urban Outfitters and Coles. Jessica Eddinger, CNBC. CNBC is the network for ambitious people.