CNBC Business News Update - Market Close: Stocks Higher, S&P 500 Index And Nasdaq Close At Record Highs, Netflix Raises Full Year Outlook 7/17/25

Episode Date: July 17, 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 Friday morning after a winning Thursday for stocks strong retail sales for last month. Solid earnings reports from names like PepsiCo, the S&P 500 index and the NASDAQ closed at new record highs. The Dow was up 229 points a half percent led higher by shares of travelers up almost 4%. Disney shares up almost 2%. The S&P 500 index up 33 points, that was a half percent. The Nasdaq up 153 points, three quarters of a percent. Companies whose shares hit fresh all-time highs on Thursday include Nvidia, Caterpillar,

Microsoft, Royal Caribbean Cruises, Coach Parent, Tapestry, Emerson Electric, Broadcom, Oracle, and Palantir. Netflix reported better than expected quarterly results after the closing bell on Thursday. Shares were flat just after the report in After Hours Trading. Morgan Stanley is bullish. I think it's generally true that consumers turn on Netflix to figure out what to watch. They don't do that with other services yet. Advertising.

Not a huge part of the business today, but the expectation that Netflix has set is that business will roughly double in 2025 versus 2024. Morgan Stanley's Benjamin Swinburne on CNBC. As President Trump calls for Fed Chair Jay Powell to lower interest rates, Massachusetts Senator Elizabeth Warren joins CNBC to talk about that. The Fed chair is different from all of the cabinet officials. All the cabinet officials can say as they have, I will do whatever the president of the United States wants me to do. The Fed chair sits in a different box and he is supposed to be independent

and make those decisions. I disagree with him often in this case about how he's made those decisions, but the independence itself, it's a value to the United States. It's a value to our markets. If Donald Trump destroys that, then he brings down those markets. He burns something of value to the United States. Archer Daniels' Midland shares were lower after President Trump said Coca-Cola will be made with cane sugar instead of what ADM supplies, which is high fructose corn syrup. Coke executives told NBC they didn't commit to that change. Sugar futures meantime soared on Thursday over at PepsiCo CNBC's Jim Kramer asked that CEO if Pepsi would replace corn syrup with sugar.

If the consumer was the president and he drank PepsiCo and he called you and he said listen I really want cane sugar, would you do it? There is obviously an opportunity for a sugar cane. I think some consumers like it. Jim, sugar is more expensive in the U.S. than in many parts of the world. So I think there is a conversation with the government probably on how do we make sugar more affordable in the U.S.? PepsiCo CEO Ramon LaGuarda and mad money host Jim Kramer. Pepsi meantime reported

strong quarterly results even as demand in the US has fallen for its beverages and snacks. It is benefiting from the weaker US dollar overseas. Pepsi plans to release naked Doritos and naked Cheetos without artificial colors to see if sales hold up. The number of people

who applied for unemployment benefits last week came in at the lowest since mid-April. Retail sales rebounded for a strong June after a weaker May. On Friday's watch list earnings from 3M, American Express and Charles Schwab. New in theaters A24's, Eddington, Paramount's Smurfs, and Sony's I Know What You Did Last Summer sequel. Jessica Edinger, CNBC. Breaking earnings news. This week on CNBC and streaming on CNBC+.