CNBC Business News Update - Market Midday: Stocks Higher But Off The Highs, Trump Open To Tariff Negotiations, Mega Millions Ticket Price Increase 4/8/25

Episode Date: April 8, 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 is rallying today after three sessions of turmoil for the markets, violent swings for stocks, conflicting tariff headlines. But this afternoon the Dow is up 963 points. It is off its earlier highs, but it's up two and a half percent being led higher by shares of UnitedHealth. The S&P 500 index up 121 points, that's a little more than 2%. The Nasdaq up 390 points, that's 2.5%. Nvidia shares are up 4.5% this afternoon. Definitely off the highs, we're up about 3.7, 3.8%.

Any rally faces a pretty high burden of proof, we'll see where it goes. CNBC's Mike Santoli. Investors like that President Trump says he is open to negotiations over tariffs. China saying it will fight to the end over tariffs, no negotiations. Even Republicans are frustrated. Here's Kentucky Republican Senator Rand Paul with CNBC's Joe Kernan this morning. How did the Republican Party get here, Senator? How did we all get here?

I mean, the whole debate is so fundamentally backwards and upside down, it's based on a fallacy. And the fallacy is this, that somehow, when you trade with someone, there's a loser and someone's taking advantage of you and China's ripping you off or Japan's ripping you off. It's absolutely a fallacy. Every trade that occurs in the marketplace is mutually beneficial. If you have a free society and I trade with you, if you want to sell me your coat and I give you $200 for it, we both agree to

it and we're both happy with the trade. Kentucky GOP Senator Rand Paul on CNBC. Boeing reached a settlement with the families of two Ethiopian crash victims according to the Seattle Times. Two almost brand new Boeing 737 Max jets crashed in 2018 and 2019, killing nearly 350 Johnsonville, recalling more than 20,000 pounds of

cheddar flavored bratwurst after customers reported finding hard plastic inside. The brats were sold in 10 states, according to USA Today. Apple shares plunged nearly 20% in the past three days. The company's worst three-day performance in 24 years. That's according to Goldman Sachs. Stock was down 15% off its highs, even before you know, kind of Trump's tariff announcement last week. So slowing innovation,

specially around the product side of things, and then kind of just like AI intelligence. Apple intelligence has just been a dud. That's Wed Bush's Joe Kalina on CNBC. Apple shares today up 3% Kentucky's famous Buffalo Trace distillery, temporarily closed because of deadly flooding. Mega Millions cost you more for a ticket today. Now $5 to play up from $2.

The game made changes to promise bigger jackpots and more winners. Powerball, though, is still $2. And it's Ben and Jerry's free cone day today. A big annual thank you to its customers at stores nationwide. Jessica Ettinger, CNBC. The White House doesn't seem to understand what it's trying to do and the not really reciprocal towers we've got, who do tremendous damage to the U.S. economy.