CNBC Business News Update - Market Close: Stocks Higher, Investors Cheer Possible Tariff Flip On Electronics And Autos, Morgan Stanley Warning For Investors 4/14/25

Episode Date: April 14, 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 Edinger CNBC. Wall Street opens Tuesday morning after a wobbly Monday for stocks but a winning day in the end after President Trump hinted he may flip-flop on some auto tariffs in the White House with a temporary at least carve out on tariffs for some electronics and that helped Apple shares. The Dow up 312 points three quarters of a percent led higher by shares of Amgen, which were up almost three percent. The S&P 500 index added 42 points, the Nasdaq up 107 points, and video shares were in the red on Monday.

President Trump says he may do a flip-flop on some auto tariffs, speaking at the White House. I'm looking at something to help some of the car companies where they're switching to parts that were made in Canada, Mexico and other places. And they need a little bit of time because they're gonna make them here, but they need a little bit of time. So I'm talking about things like that.

Automaker shares popped on this. Ford shares were up 4%, GM up 3%, Jeep maker Stellantis up nearly 2%. Apple shares were up 2% Monday on what investors believe are a carve out for tariffs on electronics from the White House, at least temporarily. CEO Tim Cook working to make that all happen. Remember going into the Trump administration, Cook had made that $1 million donation to the inauguration. He also showed up at the inauguration with all those other big tech CEOs also gone guys. No more chatter about building iPhones in the USA for

now at least. So right now this is great news. Just 20% instead of 145% in China. Again, at least 80 to 90% of iPhones are still made in China. That is still going to be a problem. CNBC's Steve Kovac, but a major Wall Street firm out with caution for investors. Morgan Stanley today says, quote, investors should prepare to be fooled many more times. They allude to the consistent inconsistencies. The worst may be over, but even if it is, they suggest we're not out of the woods just yet.

CNBC's Scott Wapner. U.S. businesses meantime have sued to block the Trump tariffs. Saying trade deficits are not an emergency and never have been, the White House is using an emergency provision as its source of power to put tariffs on. Unemployment fears for Americans

have hit their worst level since COVID. As tariffs fuel fears of higher inflation, the new consumer survey from the New York Fed shows almost half of those asked believe the unemployment rate will be higher a year from now. This could reflect just a general decline in sentiment, or it could actually reflect people's experience in the job market finding or in this case, not finding jobs. So we just want to watch that. It's something to be careful about.

Consumer sentiment is way down, but the CNBC NRF retail monitor came back modestly from two months of decline. So remember, there's how people feel and what they do, and sometimes those two can be disconnected. CNBC senior economics reporter Steve Leesman. Harvard rejecting the Trump DEI demands, risking $9 billion in federal funding, the university sitting on a $60 billion endowment. On Tuesday's watch list, earnings from Bank of America,

Citigroup and United Airlines to name a few. EU trade countermeasures against the US going into effect and its tax deadline day. Jessica Ettinger CNBC. The White House doesn't seem to understand what it's trying to do and the not really reciprocal towers we've got who do tremendous damage to the U.S. economy. Mad Money, weeknight 6 Eastern CNBC.