CNBC Business News Update - Market Close: Stocks Higher, S&P 500 Index Closes Above 6600 For The First Time, Tesla Shares Erase Losses For The Year 9/15/25

Episode Date: September 15, 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. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

I'm Jessica Eddinger, CNBC. Wall Street opens Tuesday morning. After a winning day for stocks on Monday and fresh all-time highs for the S&P 500 index, the NASDAQ, the S&P 500 closed above 6,600 for the very first time. The Dow was up 49 points Monday, led higher by shares of Amazon. They were up 1.4%. The S&P 500 index added 30 points, a half percent, the NASDAQ, up. 207 points Monday. That was just about 1%. NVIDIA shares just about flat on Monday. Investors cheered some positive words from President Trump after meetings with Chinese trade negotiators and investors are looking for a Fed interest rate cut on Wednesday. Investors are clearly very focused on the idea that interest rates are going down, that the Fed is going to cut at least at the short end of the curve. That's absolutely the number one focus. I will say the China news and the trade news is important because, well, it may not show progress. It shows detente, right?

It just shows things maybe they're not going forward very quickly, but they're not going backwards either. And that is, the market just doesn't want to revisit Liberation Day. MCC Global Enterprises CEO, Michelle Caruso Cabrera on CNBC, and investors are watching the news about a U.S.-China TikTok deal. Reps from both the U.S. and China meeting in Madrid this weekend to lock in a trade deal. Treasury Secretary Bessett saying both parties got to a framework deal to transfer ownership of TikTok to the United States. President Donald Trump and Chinese President Xi Jinping expected to finalize a deal in a phone call on Friday.

CNBC's Brian Sullivan. The head of the nonpartisan Congressional Budget Office tells CNBC the Trump tariffs are fueling inflation. Inflation since January has come in lower than what Wall Street expected, but higher than what we expected. And it's probably the tariffs, right? The economy has been weakening over the course of the year. And you'd expect that to lower inflation, but the tariffs have probably been pushing up inflation. CBO director Phillips Swagel on CNBC. Tesla's shares erased their loss for the year, rising 85% from their April low today up 3% on news that Elon Musk bought about a billion dollars worth of Tesla shares. It is unusual for Elon to buy shares. It is unusual for Elon to buy shares.

Elon buying two and a half million shares on Friday, totaling around $1 billion. It was his first purchase of Tesla stock since 2020 as being taken by the market as a big sign of confidence in Tesla's future. CNBC's Robert Frank. Coffee hit its highest since April. Bad weather and tariffs are hurting the commodity coffee prices up nearly 4% in big U.S. cities in the new CPI report. The highest monthly gain in 14 years. Brazil is the top source. for coffee coming into the U.S. and it's one of the most heavily tariffed countries.

KPMG's Diane Swank told CNN that coffee prices will easily exceed records as the full effects of the tariffs work their way onto store shelves. On Tuesday's watch list, the Fed begins a two-day meeting on interest rates. We get retail sales numbers for August. Earnings are coming from Dave and Busters, and we find out how the home builders are feeling about their business. Jessica Eddinger's CNBC President's latest

I swear he's watching Squawk box 6 a.m. Eastern and streaming on CNBC Plus