CNBC Business News Update - Market Close: Stocks Mixed, Dow Closes Above 48,000 For The First Time, Disney Reports Results On Thursday 11/12/25

Episode Date: November 12, 2025

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I'm Jessica Eddinger, CNVC. Wall Street opens Thursday morning after a record-setting Wednesday. The Dow hitting a fresh all-time high, thanks to investors pushing up banks and health care stocks. The Dow was up 326 points, more than a half percent. Shares of United Health. Let it higher, they were up three and a half percent on Wednesday. The S&P 500 index up four points. The NASDAQ fell 61 points.

The Dow closed above $48,000 for the first time. Dow 48K. Yes. Close above that for the first time ever. And it's reflective of this market tone that's taken shape the last couple of days, which is from tech and Mag 7 into older economy, especially financials and health care. That's CNBC's Mike Santoli and Scott Wapner, shares of Facebook, parent, meta, Tesla, Amazon, all down. Investors left some of the big tech names. The White House says October jobs and inflation.

data not coming out because of the government shutdown. White House press secretary, she confirmed what a lot of people have been suspecting for a while now, which is that that October jobs report and CPI number are likely now not ever going to come out. Some of that data will just be a black hole in the history books as people go back and look at this period of time. CNBC's Aiman Javers. Anthropic says it will spend $50 billion in the U.S., starting with new data centers in Texas and New York. AMD shares were higher Wednesday on strong growth projections. The CEO calls the market for AI chips insatiable.

We're seeing that growth because there is true productivity coming at the other end of it. AMC CEO Lisa Sue on CNBC. Disney reports quarterly results Thursday. Investors are waiting for more on the streaming business. To me, it's going to be an incredibly revealing quarter because the first time Disney is all in on streaming. We've got the regular Disney stuff, Disney Plus Hulu, and then we finally have ESPN going direct to consumers. So I'd say the profit and revenue will be less revealing than those new subscriber numbers for ESPN. New York Times columnist James Stewart on CNBC.

Flight cancellations eased a little bit on Wednesday, hitting the lowest rate in almost a week, with an end to the government shutdown in sight. McDonald's bringing back the McRib sandwich, but not nationwide. according to USA today, only in select cities like Atlanta, Chicago, Cleveland, Dallas, L.A., Miami, Seattle, and St. Louis. On Thursday's watch list, we do get earnings from Disney. Also, applied materials will report. We also get the latest on global oil supplies. Jessica Eddinger, CNBC. This December, CNBC opens its doors for an exclusive in-person experience at the iconic NASDAQ market side in New York City. Fast Money Live, Trading the Holiday. December 11th. Get your tickets now at CNBC Events.com slash fast money.