CNBC Business News Update - Market Midday: Stocks Flat, EU Representatives To DC To Talk Trade, Earnings Season Begins Tomorrow 7/14/25

Episode Date: July 14, 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. Mixed this afternoon the Dow slipped back into the red down 10 points being led lower by shares of Chevron down two and a quarter percent. The S&P 500 index is down a point the NASDAQ up 37 points and video slipped again it's back in the red by one tenth of one percent markets just kind of hovering around the flat line. Companies who shares have hit fresh record highs today include Hilton, Royal Caribbean Cruises, BlackRock, Transdime, Raytheon, and Coach Parent Tapestry. Some investors are selling some of their winners right now. Seasonality usually does occur August, September, and it's frankly because of people doing exactly

what I'm doing, saying, listen, we've come a long way in a short period of time. It's August. I want to put my feet up and not worry about things so much. I'm still going to be plenty invested, okay? The market goes down. I'm going to feel it, but I'm going to have the dry powder with which to pounce. Labanthal's Jim Labanthal on CNBC. President Trump threatening the European Union and Mexico with new tariffs.

Just heard a little bit more from the president on this. He was asked essentially how firm his threats are. All of these latest threats now set to take effect on August 1st. The deals are already made. The letters are the deals. The deals are made. There are no deals to make. They would like to do a different kind of a deal. And we're always open to talk. We are open to talk, including to Europe.

So the deals are made in the president's mind. But if he gets to hear something that he likes better between now and August 1st, he is open to changing his mind. It might sound contradictory, but he's just looking for the best deal he can make. He went on to say that the Europeans are coming over to Washington. We have no further details on that, but it does suggest negotiations are ongoing. CNBC's Megan Casella. Earnings season begins tomorrow. Results are coming from big name banks. I think it's going to be a good quarter for the banking industry. We're looking for 7% earnings per share growth. There's revenue growth in the industry, which there hadn't been in a while. We think that credit costs are going to continue to be really well behaved.

KBW CEO Tom Michaud on CNBC. Earnings coming tomorrow from Citi Group, JP Morgan Chase and Wells Fargo. Oil prices hit a three week high. AAA says the national average for a gallon of regular sitting at $3.15, 2 cents higher than a month ago. Warner Brothers Superman winning the weekend box office.

It is now the third biggest box office opening weekend of the year. Number one is still a Minecraft movie. Number two is Lilo and Stitch. Tonight Major League Baseball celebrates the home run hitters with the home run Derby ahead of tomorrow night's All-star game.

Jessica Edinger, CNBC. The president's latest, I swear he's watching. Squawk Box, 6 a.m. Eastern and streaming on CNBC+.