CNBC Business News Update - Market Close: Stocks Higher, Winning Week In The Books, Amazon Sellers Raising Prices 4/25/25

Episode Date: April 25, 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 Monday morning after a winning Friday for stocks and a winning week as well. The Dow up 20 points, led higher by shares of Nvidia, which were up 4.3% on Friday. The S&P 500 index up 40 points, three quarters of a percent. The NASDAQ was up 216 points, one and a quarter percent. Tesla shares on Friday popped nine percent, their best week since last year, but they're down 30 percent since the start of this year. Some disappointing consumer sentiment numbers have some economists worried, consumers feeling even more rotten about the economy, the steepest three-month percentage decline since the recession in 1990.

Consumers are telling us that there are warning signs in the economy on multiple dimensions. Consumers are worried about business conditions. They're worried about their personal finances, unemployment, inflation, basically all of the above. Consumers are worried that their own incomes are not going to grow that fast over the next year. And that could be one reason why they're not gonna be able to sustain the high levels of spending that we saw. The University of Michigan's Joanne Shu on CNBC. Meantime, people are trying to figure out what to buy now

before tariffs hit and what to delay. Car buyers jumped in early to try to buy cars before tariffs hit, but traffic at dealerships has slowed. And the Fed's Beige Book report found many consumers are just delaying some spending, especially travel. Amazon sellers are raising prices on hundreds of top selling items as they confront higher import costs because of the Trump tariffs. Smart Scout data show Chinese sellers are raising prices, while many U.S.-based sellers are still looking

for new suppliers in countries like Vietnam, Mexico, and India. President Trump has said talks with China over tariffs are on, China has said no, they aren't. CNBC's Mad Money host Jim Cramer just had this take. I think that there are talks, but I don't think they're at the level that matters, and I think we should just continue to think

that there is gonna be a day that comes where everything is a lot more expensive. The spring home selling season, very slow. In March, existing home sales dropped to their slowest pace since the great financial crisis in 2009. If mortgage rates could just head down towards 6%, 100% confident that we could get sales to grow this year, we are working from the lowest bar ever and especially purchase application data. Last time it was this low was the 19 nineties. That's housing wires. Logan Motoshami on

CNBC. The average rate on a 30 year fixed home loan just under 7% according to mortgage News Daily Slate Auto unveiling a low cost small electric pickup truck convertible into an SUV. Slate is backed in part by Amazon founder Jeff Bezos. Prices start around $20,000 after federal EV incentives although those may be going away in the Trump administration. New in theaters Screen Gems horror film Until Dawn and Amazon MGM's The Accountant 2. On the coming week's watch list, busy earnings week ahead, Mag 7 names will report. Microsoft, Meta, Amazon and Apple.

We'll get a full week of employment data ahead of next Friday's April employment report from the labor department. We get the latest on pending home sales and consumer confidence in the coming week and it's Derby week ahead in Louisville. And that leads into next Saturday's Kentucky Derby. Jessica Edinger CNBC. Introducing CNBC Plus. Start streaming. Go to CNBC.com slash plus now.