CNBC Business News Update - Market Midday: Stocks Higher, Nasdaq and S&P 500 Index Touch Record Highs, President Trump Says Progress Made On TikTok Deal 9/19/25

Episode Date: September 19, 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 Eddinger, CNBC, Wall Street, with a record-setting day to day. Major averages all in the green this afternoon, the S&P 500 index, and the NASDAQ, touching new record highs. The Dow is up 28 points, and Jen shares leading it higher this afternoon. They're up almost 3%. The S&P 500 index up 9 points. The NASDAQ is up 72 points. Invidia shares are up 1 tenth of 1%. this afternoon. President Trump and China's President Xi spoke on the phone today for several hours.

President Trump posting on Truth Social that the U.S. and China have approved a deal to put TikTok under U.S. control with American investors. But the Chinese readout of the call doesn't seem to say that. There has been progress, but more work remains, according to the White House. Just in the West Wing having a conversation with a White House official on what does the president's statement on truth social mean in terms of whether there is a concrete, deal on TikTok or is not a concrete deal on TikTok, and it's still a little bit fuzzy here. What this White House official told me is that this indicates that there was significant progress, but any TikTok deal will be announced by the president.

I pushed the official to say, you know, when is that announcement coming? Is that within the hour, within the day, within the week? No guidance given. It does seem as if there's more work to be done here. does not read to me like a full deal is ready to be announced just now. CNBC's Aiman Javers. Walmart's online marketplace has boomed, and with that growth came identity theft and fake products.

A CNBC investigation found that Walmart made its seller and product vetting more lax to try to compete with Amazon, and that invited some trouble. Amazon got a lot stricter, it banned a lot of sellers, and made it a lot harder to sell name brand goods. And so these sellers were looking for a new place to go, And Walmart, eager to expand, kind of made it easier for them to get in the door. It does come with a lot of risks. A lot of the products that we found in this investigation are health and beauty products, things

that go on our face, counterfeit supplements. We spoke with a customer who purchased counterfeit brain supplements from Walmart. And if someone's injured from that, that can open up a lot of liability. CNBC's Gabrielle von Rouge, the whole investigation is at CNBC.com. Nordstrom opening as many as a dozen new stores between today and the end of October in Colorado, Florida, Georgia, Idaho, Massachusetts, New York, and Texas, according to USA today. Starbucks bringing back Apple crisp beverages in mid-October. Apple's iPhone 17 is on sale today, as we mentioned.

And new in theaters, Sony's a big, bold, beautiful journey, and Universal's Hymn, Universal's a sister company to CNBC. Jessica Ettinger, CNBC. CNBC is the network for ambitious people.