CNBC Business News Update - Market Midday: Stocks Lower, Nvidia Shares Hit All Time High, Pepsico Out With Better Than Expected Results 10/9/25

Episode Date: October 9, 2025

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I'm Jessica Eddinger, CNVC. We've got Wall Street in the red this afternoon. It's day nine of the government shutdown, but the S&P 500 index and the NASDAQ touched record highs earlier today before slipping lower. The Dow is down 127 points. Boeing shares leading it lower. They're down 3%. The S&P 500 index is down 15 points. The NASDAQ down 47 points. Shares of Nvidia up to two and a half percent this afternoon touching a record high. Other companies who shares have hit new all-time highs today include L3 Harris, Northrop Grumman, Monster Beverage, and Johnson and Johnson. J.P. Morgan's CEO, Jamie Diamond, out with a warning for investors. He spoke with the BBC. You don't see a crash coming. You don't see a correction coming?

I am far more worried about that than others. So if you said, now I'm talking about probabilities, I would give it a higher probability than I think is probably priced in the market and by others. So if the market's pricing in 10%, I would say it's more like 30. And I'm not saying that one third chance of a correction. Yeah, and I'm not saying next year. Because the timing of these things is almost impossible.

So it could be what, six months? Could be a year. Could be six months, could be two years. J.P. Morgan, CEO, Jamie Diamond. Delta Airlines out with better than expected quarterly results today as the airline caters to premium flyers. When you take a look at Delta's results in the third. quarter, they clearly, perhaps the best run airline right now. In terms of their profitability

guys, they have knocked it out of the park in the third quarter, especially on the corporate revenue side. That is huge. Those are business travelers, and they are often paying premium prices, and that speaks to the strength of the demand that Delta is seeing right now. That's CNBC's Phil LeBoe. Meantime Delta CEO, Ed Bastian, told CNBC that when it comes to airfares. The focus is on higher-end flyers. So there are fewer economy seats now, and that can mean ticket prices can be elevated. It's supply and demand. That's where a lot of the supply adjustments have gone in to try to balance out some of that. There were way too many seats in the marketplace earlier this year, chasing low-end consumers, and now I think that's getting a better

balance. But I don't think the work is done yet. PepsiCo, out with strong quarterly results today as international markets fueled sales growth there. Tesla facing a government investigation into nearly three million Tesla vehicles over full service driving traffic violations. Jessica Eddinger, CNBC. You come to my show and you learn how to do stocks. Mad Money, Weeknight, Sixeastern, CNBC.