CNBC Business News Update - Market Midday: Stocks Higher, Nivida Results Come After The Closing Bell, Companies React To Swift-Kelce Engagement 8/27/25

Episode Date: August 27, 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 at Inger, CNBC, Wall Street. In the green this afternoon, the Dow is up 109 points. Sales Force shares leading it higher. The S&P 500 index is up 13 points. The NASDAQ is up 41 points. InVIDIA shares are in the green by 2 tenths of 1%. Companies whose shares have hit fresh all-time highs today include Ticketmaster Parent Live Nation, Goldman Sachs, Morgan Stanley, and Seagate. Investors sure have. their eyes on NVIDIA. The company reports quarterly results after the closing bell. Yeah, S&P 500, pretty much holding near record highs. So you see we're hanging at this up 10% level on a year-to-day basis for the S&P 500. Obviously waiting for NVIDIA after the close. It's 8% of the S&P 500. So it can swing the index almost no matter what happens. CNBC's Mike Santoli. Coal shares are higher on better than expected quarterly results after a Bloomberg report yesterday that said the retailer was having trouble paying some of its bills. The Fed has responded to President Trump's attempt to remove a Fed board governor, Lisa Cook,

saying that the White House needs cause to fire her. Kroger is firing nearly a thousand people in a cost-cutting move, it says, after its planned merger with Albertsons was rejected as anti-competitive. Abercrombie and Fitch sales growth slowed in the last quarter, but sales at Super Hot Hollister surged nearly 20%. Lego had record revenue for the first half of this year, boosted by brick, flowers, and cars. Open AI is being sued by the parents of a teenager who committed suicide, the parents' claim, with instruction from the chatbot. OpenAI is rolling out changes to chat GPT after a lawsuit links the chatbot to a teen suicide.

Now, the company says it is working with experts to improve responses in sensitive cases, parents of a 16-year-old, are suing, claiming Chad GPT guided him towards suicide methods. OpenAI did not mention the case directly in its blog post. CNBC's Sylvanaha now. American businesses are now paying more for goods coming into the U.S. from India. As of today, that could get passed on to U.S. consumers. The U.S. is India's single largest export partner. U.S. tariffs will now be 50% on Indian products, including garments, jewelry,

furniture, and chemicals stemming from American anger over India's personal. purchases of Russian oil. It could weigh on American companies who've tried to diversify out of China and into India and could also push India towards stronger trading relationships with other countries. CNBC's Wilfred Frost. Cracker barrel going back to its old logo with an old man in a chair leaning on a barrel after President Trump and many on social media pushed back against the new modern logo design unveiled about 10 days ago. Companies have jumped on the Taylor Swift, Travis Kelsey engagement, Buffalo Wild Wings. Immediately offered to cater their wedding.

Panera Bread posted a photo of a loaf of bread and wrote she said yeast. DoorDash offering 13% off all orders with the Code 13 through tomorrow at midnight Pacific 13 is well known as Taylor Swift's lucky number. Powerball jackpot tonight, $815 million, the seventh largest in the history of that game. Jessica Eddinger, CNBC. CNBC is the network for ambitious people.