CNBC Business News Update - Market Close: Stocks Higher, President Trump Announces Secondary Sanctions On Russia, New Inflation Data Tuesday 7/14/25

Episode Date: July 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 modest gains for stocks. Traders hoping for lower tariffs before President Trump's August 1st deadline. The Dow was up 88 points Monday. Two-tenths of a percent. Boeing shares let it higher. Boeing was up one and a half percent. The S&P 500 index up eight points, the NASDAQ up 54. Nvidia shares were down one half of 1%. Companies who shares hit fresh record highs Monday include Hilton, Royal Caribbean, Black Rock, Transdime, Raytheon and Palantir. Some investors are selling some of their winners right now. Seasonality usually does occur August September, and it's frankly

because of people doing exactly what I'm doing, saying, listen, we've come a long way in a short period of time. It's August. I want to put my feet up and not worry about things so much. I'm still going to be plenty invested. Okay. The market goes down. I'm going to feel it, but I'm going to have the dry powder with which to pounce. Labanthals, Jim Labanthal on CNBC. President Trump announced more tariffs and secondary sanctions on Russia. With all of these latest tariff threats set to take effect on August 1st,

are they actually going to go into effect then or are they simply still a negotiating tactic? The letters are the deals. The deals are made. There are no deals that are made. They would like to do a different kind of a deal, and we're always open to talk. We are open to talk including to Europe But if the president hears something that he likes between now and August 1st

He's still listening and open to striking some sort of a different deal The other piece of news from the president on tariffs today was those secondary sanctions against Russia This is the idea that it would be a tariff of about 100% on any country that it would be a tariff of about 100% on any country continuing to do business with Russia, unless Vladimir Putin agrees to some sort of a ceasefire deal within the next 50 days. That would be September 1st. CNBC's Megan Casella. We also get the latest on inflation coming Tuesday morning. The CPI, the Consumer Price Index Board, June.

Here's former Commerce Secretary Carlos Gutierrez's take on CNBC. CARLOS GUTIERREZ, Former Commerce Secretary, CNBC, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York,

New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York,rope. He's been able to use tariffs, threatened with tariffs, and the U.S. economy has held still. As time goes by and these tariffs begin to show up in the economy, what happens if

inflation is up? I'm sure that will temper him. Doesn't mean he'll walk away from them. Earnings season also begins Tuesday morning. Quarterly results coming from big banks. I think it's going to be a good quarter for the banking industry. We're looking for 7% earnings per share growth. There's revenue growth in the industry, which there hadn't been in a while. We think that credit costs are going to continue to be really well behaved. KBW CEO Thomas Michaud on CNBC. Bitcoin topped $123,000 Monday, fresh record high before it pulled back.

Starbucks says it's requiring some remote workers to return to Seattle headquarters at least four days a week. On Tuesday's watch list, the earnings come from JP Morgan Chase, Citigroup and Wells Fargo, plus Albertsons and JB Hunt Transport. We get the latest on inflation with the CPI report and baseball's all-star game is in Atlanta Tuesday night. Jessica Ehringer CNBC.