CNBC Business News Update - Market Close: Stocks Mixed, Nasdaq Closes At Record High, Disney Has High Hopes for Pixar's "Inside Out 2" 6/14/24

Episode Date: June 14, 2024

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 and reported by CNBC's Jessica Ettinger.

I'm Jessica Edinger, CNBC. Wall Street opens Monday morning after a mixed week for the major averages. It was also a mixed day on Friday for stocks with the Dow in the red, closing down 57 points, but off its earlier lows. The S&P 500 index was down two points. The Nasdaq was in the green, up 21 points. The S&P 500 index just two points away from a record high. The Nasdaq notched a new record on Friday. Companies whose shares hit all-time highs on Friday include Nvidia and Netflix. It was a winning week for the S&P and the Nasdaq but it may be because of just

a handful of names. It's the only conversation anyone's having about this market. You have this real kind of fixation on one part of the market not others.'s having about this market. You have this real kind of fixation on one part of the market, not others. Most stocks aren't working. You'd expect to be at all-time highs and have people be really giddy, and they're not. CNBC's Mike Santoli, and here's a take on the concern that just a few companies' shares are popping while most others are not. These giants are doing yeoman's work. This can't continue. You can't have three stocks be the whole market for a lifetime. It just doesn't work. But you have to be worried that the whole market's just five stocks. CNBC Mad Money host Jim Cramer with CNBC's Carl Quintanilla.

Boeing with yet more issues to deal with. People continue to say, where is the bottom here? The latest is that you have got the investigation into why some counterfeit titanium made it into Boeing planes, Airbus planes, at Spirit Aerosystems, their main supplier. That's just one of those headlines people look at and say, what next? Boeing CEO is on Capitol Hill next week. He'll be testifying on Tuesday. CNBC's Phil LeBeau. Perception and reality in fast food. The big chains don't want you to think they're expensive and not a good value anymore. On TikTok, some consumers have made complaints about the serving sizes at Chipotle.

CEO Brian Nicol recently telling our Jim Cramer that the company has not changed its serving sizes. And when it comes to value, Chipotle's perception is actually holding up. According to new data from TD Cowan's Andrew Charles, who wrote, Chipotle's value perceptions are outperforming the fast casual peer group at a widening clip. And then at McDonald's, value perception is now slightly trailing its peer average at Taco Bell, Burger King, Wendy's and others. The value perceptions for both McDonald's and Chipotle are close to one another, Chipotle ranking a little higher. CNBC's Kate Rogers.

Disney with high hopes for Pixar's Inside Out 2. That's new in theaters this weekend, aiming for a $100 million opening. Riley's a teenager now. Warner Brothers Discovery's hoping for lots of sign-ups this weekend for Max, the streaming service. Season 2 of the Game of Thrones prequel series premieres Sunday night. House of the Dragon has already been renewed for Season 3. On Monday's watch list, earnings are coming from homebuilder Lenar. We get a read on manufacturing in the New York area.

NFL Commissioner Roger Goodell set to take the stand in the Sunday ticket package trial. The league accused of inflating prices by restricting competition. Jessica Ettinger, CNBC. The Olympic Games are coming. But first, the best American athletes have to make Team USA. The U.S. Olympic Team Trials on NBC and Peacock.