CNBC Business News Update - Market Midday: Stocks Lower, Bridgewater's Ray Dalio Recommends Gold For Investors, Gold Hits New Record High Above $4k Per Ounce 10/7/25

Episode Date: October 7, 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 turnaround on Wall Street today from opening in the green to the major averages all lower this afternoon after some comments about the markets and the economy by a top investor, and they're not good. The Dow is in the red. It's down 169 points now, led lower by shares of Salesforce down 3% this afternoon. The S&P 500 index now down 34 points. That's a half percent. stack falling 178 points. That's three quarters of a percent. Invita shares now flat after having been higher earlier. Bridgewater Associates founder Ray Dalio said investors should allocate as much as 15 percent of their portfolios to gold. The precious metal hit an all-time high today above $4,000 an ounce. He says gold is one asset that does very well when the typical parts of the portfolio go down. Jessica Eddinger, CNBC.

investors are waiting for news on whether any progress is being made on ending the government shutdown. CNBC's Emily Wilkins is in Washington. President Trump said he was open yesterday to making a deal with Democrats, but Trump did come back, caveat his comments with a post on truth social, saying that he was happy to work with the Democrats, but first, they must allow our government to reopen. Now, Trump is not the only Republican who actually seems interested in an extension. Last night, Congresswoman Marjorie Taylor Green tweeted that while she is not a fan of the Affordable Care Act, something needs to be done about those expiring subsidies.

She posted that when the tax credits expire this year, my own adult children's insurance premiums for 2026 are going to double, along with all the wonderful families and hardworking people in my district. The shutdown meant no September jobs report data, and an analysis by investment giant Carlisle is showing that report would have been pretty bad. Employment growth would have stalled even more dramatically in September than hiring stalled back in August. What was most interesting about our monthly data in September was that payroll employment growth implied from the data was only 17,000. So very low. Typically, when you see jobs growth that low, particularly the deceleration observed over the course of 2025, entering the year payroll employment growth was about 200,000 a month. You would think it was an economy

on the cusp of recession or having already succumbed to recession. Carlisle Research Head, Jason Thomas on CNBC. Gold topped $4,000 an ounce for the first time ever today. Investors use gold as a hedge against volatility and as a safe haven in uncertain times. Gold is up 50% year to date. Ken Griffin making some comments about how investors are looking at gold, he thinks, and have more faith in that than they do the U.S. dollar at the state. point. CNBC's Becky Quick. The White House announced that the government's taken a stake in

Minerals Explorer Trilogy Metals. Its shares popped 250% in early trading today. Major retailers kickstarting the holiday shopping season. Amazon Prime started its holiday sale today with its prime big deal days. Ending tomorrow night. The sale includes a discounted prime membership offer. Target and coals of each already started their sales. Walmart starts its sale tonight. On this National Taco Tuesday, Yum Brands-owned Taco Bell has $1 soft chicken tacos for customers using the app. Jessica Ettinger, CNBC. Celebrating 30 years of Squatbox and streaming on CNBC Plus.