CNBC Business News Update - Market Midday: Stocks Higher, Fed Interest Rate Decision Looms, Strong Economy In 2nd Quarter 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 remains mixed this afternoon. Investors waiting for a Fed decision on interest rates. It's expected to hold them steady. The Dow, down 10 points. Nike shares leading at lower, down 2%. The S&P 500 index up 10 points. The Nasdaq's up 81 points, three-tenths of 1%. Nvidia shares are up 2% this afternoon. Companies whose shares have hit fresh all-time highs today include AutoZone and O'Reilly Auto Parts, Ralph Lauren, Goldman Sachs, Morgan Stanley, American Electric Power, and Well Tower.

The U.S. economy grew at a 3% rate in Q2. That was a better than expected pace even as President Trump's tariffs hit. Meantime the president posting products coming into the US from India will carry a 25% tariff. Procter and Gamble, which makes Charmin, Pampers and Tide and more consumer products, is raising prices. P&G said on its earnings call, it's taking a billion dollar profit hit because of tariffs. So it's raising prices next month on about a quarter of the items it makes.

Other companies raising prices because of tariffs include Walmart, Best Buy, and Nike. More jobs than expected were created in June in the ADP private payrolls report. Beat on the ADP private payrolls report. Beat on the ADP number here, 104,000 versus 64,000 estimate. The good sector doing what it's been doing about plus 31,000. Service sector 74,000.

Small business back in the game here, plus 12,000 had been down the prior two months. CNBC senior economics reporter Steve Leesman. We get the government's big June employment report on Friday morning. Starbucks trying to boost sales with new protein drinks and other beverages and better customer service. It's coming off another quarter of disappointing results. Same store sales have dropped six quarters in a row now,

but one investor's optimistic. There's no denying that the numbers are still tough here, but what what suggests that it's ahead of schedule you have a CEO who's very good at testing things. He's accelerating the rollout of this new operating model. I think that suggests that what

they've seen in testers is very positive, so they're pushing very aggressively with that. We do expect it to drive substantial improvement next year. Morgan Stanleys Brian Harbor on CNBC. Netflix says Adam Sandler's Happy Gilmore 2 now holds the title of biggest US opening weekend of all time for any Netflix movie. Jessica Ettinger CNBC. Is trade uncertainty impacting the economy and the labor market? Employment numbers and analysis. Squawk Box, Friday 830 Eastern and