CNBC Business News Update - Market Close: Stocks Mixed, Dow and S&P 500 Index Turned Higher On Government Re-Opening Hope, Consumer Sentiment Lowest ever 11/7/25

Episode Date: November 7, 2025

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I'm Jessica Eddinger. CNBC Wall Street opens Monday morning after a losing week for stocks and the worst week since April for the tech-heavy NASDAQ. Markets turned mixed late on Friday on hope for an end to the record long government shutdown. Here's what happened. The Dow finished higher, up 74 points. The S&P 500 index finished up, eight points. The NASDAQ in the red, down 49 points.

InVIDIA shares were 4. flat on Friday. The Dow and the S&P 500 index each down more than 1% for the week. The NASDAQ for this past week gave up 3%. We'll see what next week brings. Consumer cyclical stocks really trade in that in a bad way while AI has driven everything in the market. And so it puts the market in kind of a vulnerable spot. 314 research has Warren Pies on CNBC. Here's Paulson Perspectives author Jim Paulson on CNBC. Pressure is ramping up here. The challenger layoffs have exploded here of late, though the job market looks like it's ground to kind of a halt. And then you got confidence cracking big time on Main Street. And you're really ramping up pressure on food stamps and heating needs

down the road. And also the big one might just be airlines. Consumer sentiment hit its lowest ever in the new University of Michigan data. have been dealing with steadily rising inflation since April. Headline number 50.3, the weakest since, well, the all-time low, which was 50, and 50 came in at June of 22. That is the low. If you go back to the 70s, that's still the low. So very close. 52.3 on current conditions, another huge miss.

You're now going back to, once again, I don't have a number this low, and I go back to the late 70s. That's CNBC's Rick Santelli. Here's J.P. Morgan's David Kelly on CNBC. The economy is not in recession right now, but it is slowing down. What's going on in the backdrop here is we're seeing a decline in the number of available workers. We've seen a huge turnaround immigration. And if you look at that National Federation of Independent Business Survey there, businesses cannot find, they're having a very hard time finding workers at all,

but they really can't find the workers with their skills they need to do the job. So it's a low demand, low supply labor. market and it's indicative of an economy that's just, you know, the battery is just running down here. The FAA ordered airlines to cancel 10% of their flights to give air traffic controllers a break. While they've been working and unpaid in the government shutdown, Friday, 4% of flights in the U.S., about 1,200 were canceled. This ranch hits up in terms of cancellations, 6% Tuesday, 8% Thursday. If this government shutdown is still going on, there will be 10% of the flights into the top 40 markets that will be canceled. Can the airlines handle this? Yeah, but it ain't easy

and it's not a good situation. We can handle this 4% by reducing frequencies, but next it becomes a lot harder. You're going to be really digging into some more heavily traveled areas. And on that, as you get to 10%, let's face it, it's 10%'s a big number. The CEO of American Airlines. That's CNBC's Phil LeBoe. On Monday's watch list, we get earnings from Instacart Tyson Foods and Occidental Petroleum. Berkshire Hathaway CEO Warren Buffett publishes his annual Thanksgiving letter to shareholders. I'm Jessica Eddinger, CNBC. CNBC has the most affluent audience in television, but money itself doesn't have any meaning. It's how you make it and what you do with it that gives it purpose.