CNBC Business News Update - Market Close: Stocks Higher, S&P 500 Index On 3 Day Winning Streak, Investors Wait for Inflation Data Out Wednesday Morning 6/10/25

Episode Date: June 10, 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 Wednesday morning after a winning Tuesday. The Dow up 105 points, led higher by shares of Nike, which were up more than 3%. The S&P 500 index with its third straight winning day, comfortably above 6,000, it was up 32 points, a half percent. The Nasdaq up 123 points. That was a half percent. Nvidia shares were up almost one percent on Tuesday. Companies whose shares hit fresh all-time highs Tuesday include Casey's General Store, Johnson Controls, Raytheon, IBM, and Visa. As we sit less than two percent from the record highs from back in February, that it just twitched higher on this headline from Commerce Secretary

Lutnick saying China talks went well. To me, that just shows the market is almost over eager to try to price in further de-escalation. That's CNBC's Mike Santoli. Disney shares were higher because it agreed to pay Comcast more than $400 million for the part of Hulu that it doesn't already own. Investors are waiting for news out of the U.S.-China trade talks in London. And investors are getting set for the latest on inflation with the CPI, the Consumer Price Index data for May coming out Wednesday morning. Here's the bear traps report founder Larry McDonald on CNBC. The probability that one of the next two CPI reports actually has some of the tariff pain

in it, in other words toward higher prices, I think it's pretty high. Apple's Worldwide Developers Conference was ho-hum on artificial intelligence, but software got its biggest facelift in more than a decade, and this investor is still bullish. Apple's MO is never to be first into the fight. Apple's MO is to. is never to be first into the fight. Apple's M.O. is to watch what everybody else does, let them spend all their money and then come in and redefine the customer experience. I think they're making moves that are consistent with that expectation, just like they did with the iPhone, just like they did with the tablet,

just like they did with services. Fitzgerald Group's Keith Fitzgerald on CNBC. Boeing had a good month of orders in May as the company continues to try to turn itself around. The most orders for a month since last summer, a total of 300 planes were ordered last month. That includes 150 as part of the big announcement with President Trump. A couple of weeks ago in the Middle East, those were to Qatar Airways. They also logged 146 orders for the 737 MAX.

Speaking of the MAX, production last month has been increasing. Total deliveries for the month were 45, but more importantly, the deliveries of the MAX up to 32 for the month of May. And they actually hit a build rate of 38 at the very end of the month. That's CNBC's Phil LeBeau. The cow trade is a winner says UBS's Michael Lasser on CNBC. That's Costco, O'Reilly Auto Parts and Walmart. These three retailers have a lot in common in that they're sustainable growers taking market share and generating improving returns. We have affectionately referred to them as cow and they are going to continue to outperform in good and not so good economic times.

Luckin coffee planning to open a cafe in New York City. The Chinese coffee company is expanding and analysts estimate that Luckin and another Chinese coffee chain, Cotty, will be cheaper than Starbucks in the U.S. On Wednesday's watch list, it's all about inflation as we told you with the May CPI report and we get earnings from Chewy and Oracle. Jessica Edinger, CNBC. The club is really about empowerment.

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