CNBC Business News Update - Market Close: Stocks Higher, Mortgage Rates Fall To Lowest In Nearly A Year, Investors Wait For August Jobs Report Friday Morning 9/4/25

Episode Date: September 4, 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 Friday morning after a winning Thursday for stocks. The major average is all in the green for the week now. The Dow popped 350 points on Thursday, 3 quarters percent. Amazon shares leading the way higher. They were up more than 4%. The S&P 500 index was up 53 points. The NASDAQ up 209 points, just about 1%. Invidia shares finished the day up more. more than a half percent. A new read on job growth out Friday morning with the Labor Department's August employment report and the new ADP report on private sector only job growth. Only 54,000 jobs were added. It was weak. And put this together with other new data showing a slowing labor market. Facebook was a real eye-opener for me, really a weak, weak report. Spoke of an economy that's really at stall speed right now. There was no higher. going on, no growth, very limited consumer spending. And then the Challenger report layoffs up 39 percent, adding pharmaceuticals and finance to the sectors that we're seeing layoffs.

So I ended up with more concern about the economy. That's CNBC senior economics reporter Steve Leesman. The August jobs report will be out at 8.30 Eastern Friday morning. Mortgage rates are at their lowest in nearly a year since last October of According to Mortgage News Daily, the average rate right now on a 30-year home loan, which loosely follows the rate on 10-year treasuries. Well, it fell on Thursday to below 6.5% at 6.45%. And depending on the big August jobs report out Friday morning, mortgage rates could go even lower heading into the weekend. As we continue to slide, the lowest yield close in the tenure since the end of April. So this is very important. We had a pretty big move after today's week ADP. If tomorrow's jobs report confirms the weakness, we could see a significant follow-through, and it would make many happy 10-year note yields lowering interest rates for the housing market.

CNBC's Rick Santelli. As the NFL season begins, CNBC is out with its NFL team valuations list. Coming in at the top, once again, the Dallas Cowboys worth $12.5 billion. That's nearly $2 billion more. than the next most valuable team. Rounding out the top five, you've got the L.A. ramps, the New York Giants, the Las Vegas Raiders, and the New England Patriots. The media rights and the value of this intellectual property, in my opinion, has not come close to being tapped out.

You look at the NFL's deal with ESPN. ESPN doesn't even have the cash load to pay for the rights anymore as they try to transition to streaming. so they're giving the NFL 10% of the network. I think the NFL is far from being tapped out. It's by far the most profitable league. It's printing money and no other league is. CNBC's Michael Ozanian and Becky Quick.

Amazon with its first customer for its satellite-based Wi-Fi service called Kuiper. It competes with SpaceX and its Starlink service. Amazon's first customer is JetBlue. It will offer Wi-Fi on its planes using the Kuiper service. service. On Friday's watch list, it's a jobs Friday, as we mentioned. The August employment report will be out at 8.30 Eastern. The NFL with an international game Friday night, Chargers and Chiefs in Sao Paulo, Brazil. New in theaters, Warner Brothers horror film The Conjuring Last Rights. Jessica Ettinger, CNBC. CNBC is the network for ambitious people.