CNBC Business News Update - Market Midday: Stocks Higher, S&P 500 Index And Nasdaq Hit Fresh Intraday Record Highs, Alphabet Is 4th US Company To Cross 3 Trillion Dollar Mark 9/15/25

Episode Date: September 15, 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, a record-setting day on Wall Street today. The Dow back in the green, up four points. It's been going back and forth. It's being led higher now by Amazon shares, which are up more than 2% this afternoon. The S&P 500 index up 32 points. The NASDAQ up 207 points. That's almost 1%. Both the S&P and the NASDAQ have hit fresh all-time intraday highs today.

NVIDIA shares in the red but down just about a tenth of a percent off their earlier lows this afternoon. Retail sales numbers coming tomorrow. Fed decision on interest rates on Wednesday, investors want to see a cut. Alphabet has become the fourth U.S. company to cross the $3 trillion mark behind NVIDIA, Microsoft, and Apple. They had a very clear clearing event with the antitrust ruling just several weeks ago. that lifted sentiment dramatically. That brought a lot of people in from on the sidelines. Vertus investments Joe Taranova on CNBC. President Trump posting about trade talks with China in Europe hinting a deal may move Chinese own TikTok into U.S. hands. Here's CNBC's Carl Kintanilla. A deal was also reached on a certain company that young people in our country very much wanted to save.

They'll be very happy. We'll be speaking to President Xi on Friday. Meantime, the Treasury Secretary on the tape a few moments ago discussing a potential deal on TikTok. I think the framework is for it to switch to U.S. controlled ownership. But again, I'm not going to get ahead of the leader's call on Friday. We have a framework. They'll have to confirm the deal. That's Treasury Secretary Scott Besson there. He does say China has not yet agreed to any deal.

Tesla shares up about 5 percent today as England. Lon Musk buys about a billion dollars worth of Tesla shares. It is unusual for Elon to buy shares. Elon buying two and a half million shares on Friday, totaling around $1 billion. It was his first purchase of Tesla stock since 2020 is being taken by the market as a big sign of confidence in Tesla's future. CNBC's Robert Frank.

Coffee hit its highest since April as bad weather and tariffs hurt the commodity. Coffee prices up nearly 4% in Big U.S. cities in the new CPI report from last month. The highest monthly gain in 14 years, as Americans just pay more for their cup of Joe. Brazil is the top source for coffee coming into the U.S. It's one of the most heavily tariffed countries. KPMG's Diane Swank told CNN, coffee prices will easily beat records as the full effects of the tariffs work their way onto store shelves. Underwater car trade-ins are at a four-year high. More than a quarter of all car trade-ins toward the purchase of a new car

had negative equity in the second quarter of 2025, according to Edmonds. Negative equity on a car loan is when somebody owes more on the car than what the vehicle's worth. Drivers trading in upside-down cars have to pay the balance owed in cash or roll that balance into their new loans, which digs Americans farther into. to debt. Jessica Eddinger, CNBC. September 16th, CNBC Game Plan, exploring the business of sports,

music, and entertainment. Register now at CNBC Events.com slash game plan.