CNBC Business News Update - Market Close: Stocks Mixed, Dow Hits Fresh Intraday Record High, Investors Brace For Jackson Hole Meeting And Earnings From Retailers Next Week 8/15/25

Episode Date: August 15, 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 record-setting day on Wall Street with the Dow hitting a new high on Friday intraday before it pulled back. It did close in the green on Friday. Retail sales for last month came in below expectations. Looks like consumers are still spending, but they don't like it. They're seeing inflation go up. Consumer sentiment tanked. On Friday, the Dow was up 34 points. Let hire. by shares of United Health. They were up 12%. We'll tell you why in a moment. The S&P 500 index was down 18 points, pulling back from a record high. The NASDAQ, down 87 points on Friday, 4 tenths of a percent. InVIDIA shares fell Friday, down 8 tenths of 1%. The major averages all in the green for the week, though. On deck in the coming week, quarterly results from the big retail chains. These are companies hoping that consumers just spend without looking at rising prices. Those earnings that we're going to get from Walmart, Target, Home Depot, and many others. Prices are higher, but the consumer is spending nonetheless. Online sales grew more than

the total retail sales number in July, likely juiced by Amazon's prime day sale and those other competing retail events. J.P. Morgan says higher costs from tariffs are being passed on to consumers and prices. Actual credit card spending data from the CNBC NRF Retail Monitor showed higher prices, but also higher spending in July than the prior month. is holding up. CNBC's Courtney Reagan. Now, consumers really don't like rising inflation. He keeps going up, and University of Michigan consumer sentiment keeps going down.

Our last final month read was 61-7, 58.6. That's the weakest since May. Now, if we look at expectations what lies ahead, 57.2, that would be the weakest also since May. CNBC is Rick Santelli. Higher inflation means the Fed may not be cutting interest rate. at its next meeting next month, voting member of the Fed, Austin Goolsby on CNBC. In the last CPI and now PPI, we put in a note of unease, I'd say, the inflation kicking up. I feel like we still need another one at least to figure out if we're still on the golden path.

United Health shares popped just about 12% Friday, their best performance in five years. Courtesy of Warren Buffett. In a regulatory filing, Berkshire Hathaway disclosing, it's bought 5 million shares in that company as of June 30th. Total value, $1.6 billion. So maybe it's gotten so bad from the stock standpoint that it finally looks so good to somebody like Warren Buffett. It's an extraordinary move for this stock as a result of Buffett and Berkshire. CNBC's Scott Wapner. Noodles and companies been struggling.

The CEO is stepping down. USA Today says it's closing about 30 locations. Coffee had its biggest weekly gain of the year, which could impact prices at the consumer level. On the coming week's watch list, we do get earnings from big-name retailers like Walmart, Home Depot, and Macy's. We get new data on home sales and the home building business and top economists and Wall Streeters meet in Jackson Hole. Jessica Eddinger, CNBC. September 16th, CNBC teams up with two-time NBA champion Kevin Durand. and boardroom for game plan exploring the business of sports, music, and entertainment.

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