CNBC Business News Update - Market Close: Stocks Mixed, Fed Holds Interest Rates Steady, Microsoft And Meta Beat Earnings Expectations 7/30/25

Episode Date: July 30, 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 Thursday morning after the Fed held interest rates steady and President Trump slapped a 50% tariff on copper imports, which can make many products more expensive, including newly built homes. The Dow fell 171 points, three tenths of a percent. 3M shares let it lower. They were down more than 3%. The S&P 500 index down seven points. The NASDAQ was in the green. It was up 31 points. Fresh record high. Nvidia shares were up more than 2% on Thursday. This is a market that's kind of overbought and that's not a terrible thing. That's not a fatal thing. It's just how much more buying can go on. That's just how much more buyin

partners Jim Labanthal on interest rates steady and said there's no way to kn cut at its next meeting. of employment and inflati time of the September me no decisions about septem do that in advance. We'll

to consideration and all we get as we make our dec We have made no decisions about September. We don't do that in advance. We'll be taking that information into consideration and all the other information we get as we make our decision at the September meeting. After the closing bell, a number of earnings reports Microsoft out with better than expected quarterly results. Shares were higher in after hours trading. Facebook parent Metta shares higher

in after hours trading as well, strong quarterly results. It added daily active users and it's pushing hard into artificial intelligence. The company's spending on AI could be the big headline. Zuckerberg writing about his new focus on personal super intelligence, driving the investment of hundreds of billions of dollars into compute and quote, the most elite and talent dense team in the industry. Now this comes on the heels of the company investing $14 billion into scale AI CNBC's Julia Borsten Robin Hood shares up in after hours trading on

better than expected quarterly results. Qualcomm with better than expected revenue and earnings, but shares fell after hours on disappointing demand. Ford shares were down in after hours trading on the tariff impact of $800 million in the quarter. Hershey shares were higher on strong quarterly results, but your candy fix will cost more. We will see some increase in prices going forward. That's Hershey CEO Michelle Buck.

She talked about tariffs on CNBC. The biggest place we're feeling the tariff impact is cocoa. We cannot grow cocoa in the U.S. And I was pleased to hear Secretary Lutnick specifically call out cocoa. So I'm optimistic about what might be to come relative to cocoa and a potential exemption. As we look at cocoa inflation and rising prices, certainly over the long term, we are committed to covering cocoa inflation

with pricing and with productivity, aggressive productivity initiative. On Thursday's watch list, we get the latest on inflation with the PCE report. Earnings are coming from Amazon and to Apple. We find out how many people applied for unemployment benefits last week. It's miracle treat day at

Dairy Queen. A dollar or more from each blizzard sold at DQ goes to the Children's Miracle Network hospitals. The first NFL preseason game Thursday night in Canton, Ohio, the Hall of Fame game. Jessica Edinger, CNBC. Is trade uncertainty impacting the economy and the labor market? Employment numbers and analysis. Squawk Box, Friday Jessica Edinger, CNBC.