CNBC Business News Update - Market Midday: Stocks Higher, Record Highs For S&P 500 Index And Nasdaq, Senate Vote-A-Rama In Progress 6/30/25

Episode Date: June 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 Evinger, CNBC. Wall Street in the green this afternoon. Fresh record highs for the S&P 500 index and the Nasdaq. The Dow is up 175 points, four-tenths of one percent being led higher by shares of Goldman Sachs, up almost two and a half percent. The S&P 500 index up 17. The Nasdaq up 64 points. Nvidia has turned higher this afternoon. It's up a tenth of a percent. Companies whose shares have hit fresh all-time highs today include Facebook Parent Meta, Netflix,

Booking.com Parent Booking Holdings, Royal Caribbean Cruises, Capital One, Goldman Sachs, JP Morgan, Oracle CrowdStrike, and Robin Hood. The Senate Voterama is on for President Trump's big, beautiful spending bill. They're voting on dozens of amendments to the Trump mega bill before final passage vote will come. And look, most of these amendments, they're offered by Democrats. They're likely going to fail.

But some amendments are being offered by Republicans. One from Senator Rick Scott and other fiscal hawks would actually reduce the cost of the bill by further cuts to Medicaid. Now, that could appease fiscal hawks, but it also might lead to other senators like your Susan Collins, your Jim Justices to oppose the bill. So there's a delicate balance there. CNBC's Emily Wilkins. The White House?

Talking about temporary passes for immigrants who work in certain industries. The administration shifting immigration enforcement president Trump appearing on Fox, referencing ice going to American farms and taking away people who've been working there for 15 and 20 years. Home Depot buying GMS for about $4.3 billion. This will help Home Depot chase more home building professionals. Apple's Formula One racing movie F1 with Brad Pitt won the weekend box office giving Apple Original Films its first summer blockbuster hit in theaters. It's an amazing weekend for us to have this kind of success on a

movie that is not a sequel and it's it's a tough business and the fact that we got this one open in a big way it's Brad Pitt's biggest opening ever. Mercedes built the car for us. Sony created a separate camera, a smaller camera for us than what we used in Top Gun. Also, Apple took their iPhone camera, enhanced it and put it in two cars in every single race on the real races. So the authenticity and the speed that we captured is amazing.

That's producer Jerry Bruckheimer on CNBC. Jessica Edinger, CNBC. CNBC is the network for ambitious people.