CNBC Business News Update - Market Midday: Stocks Higher, Apple To Boost U.S. Investment, Super Micro Shares Sink

Episode Date: August 6, 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 Jill Schneider.

I'm Jill Schneider, CNBC. Stocks climbing in midday trading, the Dow being led higher by Apple, shares up nearly 6%. After a White House official confirmed to CNBC that the iPhone maker is going to boost its investment in domestic manufacturing by $100 billion. That brings its total U.S. investment to $600 billion over the next four years. The Dow is up 131 points, the S&P 500 up 45, the NASDAQ higher. by 203. Shares of super microcomputer tanking today down more than 21 percent after the company posted weaker than expected fiscal fourth quarter results, dented in part by President Trump's

tariffs. AMD stocked down 6.5 percent after the chipmaker's earnings fell short of expectations and raised concerns about the timing of a restart in China shipments. Meanwhile, President Trump says he has no intentions of backing down on his demands that AMD make its chips in the United States. Here's AMD CEO, Lisa Sue. We're very supportive of manufacturing in the United States. I think it's good for us to have resiliency across the supply chain. You know, we have a very strong supply chain. It's really a global supply chain. We are actively moving some of our chips to the United States in Arizona. So, you know, TSM in Arizona is coming up nicely. We're one of the first companies to use it. You know, that being said, you know, it's a global supply chain.

And it will take time to move all of that to the U.S. And, you know, we continue to make sure that we're an active dialogue with the administration as we're going through this. JLL posted second quarter results that beat estimates and the company raised its full year outlook. But the company did report weakness in its industrial sector as trade uncertainty weighed on sentiment. CEO Christian Ulbrick says that's a direct result of tariffs. You need some planning certainty. And the amount of disruption and noise and drama. we have seen on politics and geopolitics over the last six months at least is obviously

weighing on that. And so I think companies have to learn and will learn, but they just have to move on and look through that. This is probably the new normal that we have that amount of drama around us. Jill Schneider, CNBC. The CNBC Sport universe is growing. We're covering the intersection of sports and business unlike anyone else in the game. For all of our latest stories, videos and more, go to CNBC.com slash sport.