CNBC Business News Update - Market Close: Stocks Higher, Winning September & 3rd Quarter In The Books, Consumer Confidence Tanked Again 9/30/25

Episode Date: September 30, 2025

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I'm Jessica Eddinger. CNBC, Wall Street opens Wednesday morning with a winning September and third quarter in the books for stocks. September is usually the worst month for the stock market. But the Dow was up 81 points, led higher by shares of Merck, which were up almost 7% on Tuesday. The S&P 500 index up 27. The NASDAQ was up 68 points. September is usually the worst month, followed by October, following through. And then we proceed into, a Santa Claus rally. We've been waiting with some cash on the sidelines for that to happen. Maybe the shoe two drop will be what the Federal Reserve actually does in October. We're prepared for that. We're positioned for it. But yeah, we haven't seen it in September. So now it's all about October. That's Blake Shine Welts, Robert Shine on CNBC.

InVIDIA shares were up more than 2.5% Tuesday hitting a new record high. The AI chipmaker at a valuation of $4.5 trillion. dollars, a level never achieved ever before by any company. Gold briefly hit a new intraday all-time high of $3,899 an ounce. Shining again during the month of September. And so far the year, I mean, it's just been a steady climb up. It's tracking for its best year since 1979. CNBC's Sarah Eisen, Consumer Confidence tanked again in September in the conference board's data. These are September confidence numbers. And boy, they're disappointing. If we look at the headline well below expectations at 94.2,

the weakest since April of this year. CNBC's Rick Santelli, EV tax credits expired at the end of September, but for would-be buyers still eyeing electric vehicles that are sitting on dealer lots, the automakers have a workaround that gets you the discount. Their credit divisions have made down payments on those EVs. The dealers can then turn around and, lease those vehicles with the discount. So while it's not technically giving you the EV tax credit, you'll get the benefit of it if you're one of those people leasing an EV. And again, this applies only to current inventory. CNBC's Phil LeBoe, CNBC's sister company NBC, premiering a new reality competition TV show with a business twist. It's like Shark Tank meets

the apprentice meets Project Runway. So it's like a gamified shark tank. It's really fun. This is for people at home who watch commercials and be like, I can do a better spot from that. The first episode is Duncan. We have Sonic. We have Marshalls. Captain Morgan's a big one. Southwest.

If you love those types of business reality shows, you'll like this. On brand. And tonight's show host, Jimmy Fallon on CNBC. McDonald's bringing back the Monopoly game, as Morning Bruce says, presumably without the fraud. The promotion comes back Monday. It's going to be digital. to prevent the cheating that spawned an HBO documentary about employees and relatives getting the major prizes. Back in the years it originally ran from 1989 through 2001, this time players will be required to scan game pieces into the Mickey D's app.

On Wednesday's watch list, while streets starting the fourth quarter of the year and October trading, Jessica Eddinger, CNBC. Celebrating 30 years of Squatbox and streaming on CNBC Plus. Thank you.