CNBC Business News Update - Market Close: Stocks Higher, Major Averages Close At Fresh All Time Highs On Confidence The Fed Will Cut Rates, Inflation At Highest Since January 9/11/25

Episode Date: September 11, 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 opening Friday morning after the major averages all hit fresh all-time highs on Thursday. On confidence, the Fed will cut interest rates next week. Traders just shaking off the highest inflation since January and the worst jobless claims number in four years. The Dow closed above 46,000 for the very first time. It was up 617 points, 1.3%, led higher by shares of 3M, which were up on, almost 4%. The S&P 500 index added 55 points, 8 tenths of a percent. The NASDAQ added 157 points. That was almost three quarters of a percent. Invidia shares were in the red by almost one-tenth of one percent on Thursday. The reason the markets at a new high is because earnings are at a new high. You know, now that the Fed is signaling that they're ready to cut rates, they're going to cut rates, and I think you're going to get a pretty traditional broadening out of the market. Yardini researches Ed Yardinney on CNBC. Warner Brothers Discovery shares soared up more than 25% Thursday on a report that Paramount Skydance is preparing a nearly all-cash takeover bid for the owner of CNN and HBO.

Paramount Skydance owns CBS. Warner far larger than Paramount. The idea bringing together the two studios, some would say, is that an antitrust problem. Of course, you did have Disney allowed to buy Fox not that long ago. enormous cost synergies, not to mention the scale that would be brought by putting together the two streaming services in HBO Max and Paramount Plus. CNBC's David Faber. Inflation hit its hottest pace on an annual basis since January last month.

As Americans' wallets continue to be pinched and President Trump's tariffs are starting to make their way into what people have to buy. The August CPI Consumer Price Index report is out. Where did prices shoot up? with inflation overall at almost 3%. Price increases in several areas. Here's CNBC Senior Economics Reporter Steve Leesman. 2.9% versus 27 in July.

Auto repairs up 2.4% used cars up 1%. And airline fares up 5.9%. That's almost a 6% increase in airfares last month. Airlines raised their prices to try to make up for fewer people flying. And Delta Airlines' shares fell through. Thursday, the company is saying, just that. You have fewer people flying, so airlines try to squeeze more out of those who do. It still didn't really help. For Delta, what they're seeing is that the main cabin revenue is still negative. They were negative in the second quarter. They have said they expect that over time that the main cabin would be improving.

But clearly that is not the case. That is the lower end consumer continuing to show pressure. CNBC's Phil LeBoe. Meantime, another sign the job market is getting, weaker. 263,000. Is that what I'm seeing on initial jobless claims? I didn't see that, Rick. 263,000. You'll find a higher number.

You're back to October of 21. CNBC's Rick Santelli. Alphabet meta, OpenAI, XAI, and SNAP are facing a federal trade commission investigation over AI chatbot safety for kids, as chatbots are now seen by some children as their companions. and some chatbots have parents claim helped teens commit suicide. On Friday's watch list, we get the latest on consumer sentiment from the University of Michigan. Pre-orders begin for Apple's new iPhone 17, new in theaters, Lions Gates, the Long Walk, focus features Downton Abbey Grand Finale, and Bleaker Street's spinal tap to the end continues.

I'm Jessica Eddinger, CNBC. Celebrating 30 years of Squatbox and streaming on CNBC Plus. Thank you.