CNBC Business News Update - Market Midday: Stocks Higher, Investors Shake Off Government Shutdown, Negative Jobs Number From ADP 10/1/25

Episode Date: October 1, 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. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

I'm Jessica Ettinger. CNBC, Wall Street, shaking off the government shutdown today to start October and fourth quarter trading mixed. The Dow has gone negative again. It was in the green. It's down 25 points. Walmart shares leading it lower. They're down 1.8% this afternoon. While Amgen is up 5.5%. Merck is up 5.5% as well. Nike up 5%. The S&P 500 index still. in the green up four, the NASDAQ is up 38 points. NVIDIA shares are unchanged. Companies who shares have hit fresh all-time highs today include NVIDIA, Monster Beverage, ABV, McKesson, Northrop Grumman, KLA, Lamb Research, Micron, and Well Tower. The government shutdown, if you look over history, markets, they've actually done pretty well through a lot of the shutdowns.

There have been a few here and there that have been bumpy, but on average, returning somewhere between 2 and 3 percent in the three months following a shutdown. So even this isn't necessarily something to be that concerned about. So far's Liz Thomas on CNBC. Two big economic reports will likely be delayed because of the government shutdown. That's the Labor Department's September jobs report. That's supposed to be out Friday morning along with the next inflation report. But we did get some jobs data on Wednesday.

Private sector employment lost 32,000 jobs in September and the new ADP employment report. That's the biggest drop. Since March of 2023, according to ADP, we're in negative territory when it comes to the jobs reporting. You saw what happened to the bond market, a big rally there, as well as in the Fed funds where now there's a lot more confidence in an October cut and a December cut as well. CNBC senior economics reporter Steve Leesman. Ford says electric vehicle sales zoomed up 30% in the third quarter as Americans ran out to buy EVs before that federal tax credit expired, which happened yesterday at the end of September. CNBC's Phil LeBoe here with the

General Motors quarterly sales numbers. The big surge, it happened with EVs. Not a surprise here. This is the expectation for all automakers. They basically doubled in Q3 of this year versus Q3 of last year, up 107% for electric vehicles. What about internal combustion engine vehicles? up just 2.6% in the third quarter, year over year. Peloton shares fell on a revamped lineup with upgraded hardware and the price increase announcement. Peloton is raising prices on both equipment and subscriptions. The bike goes to $1,700. Monthly subscription goes to $50 a month.

Five U.S. states are suing real estate apps, Zillow and Redfin, accusing the two of antitrust violations in online rental housing. The suit says the two. two companies schemed together to reduce competition. The lawsuit follows a similar one filed by the Federal Trade Commission this week. On Thursday's watch list, no weekly jobless claims number because of the government shut down, but we get Tesla vehicle deliveries for the third quarter. Jessica Eddinger, CNBC. CNBC is the network for ambitious people.