CNBC Business News Update - Market Midday: Stocks Lower, Nvidia Turns Higher, Cyber Monday Shopping Is On 12-1-25

Episode Date: December 1, 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 and reported 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. Wall Street with a rough start for this new month of December. Major averages all in the red. The Dow down 216 points. It's off. It's earlier low. Merck shares leading it lower. They're down almost 2% this afternoon.

The S&P 500 index down 16. The NASDAQ's down 57 points. Invidia shares have turned higher after opening lower. They're up one and a half. half percent this afternoon. Bitcoin down 6 percent on pace for its worst day since last March. It's been hovering around 83,000. On this Cyber Monday, shoppers are looking for discounts on tech items and buying a lot online. Early numbers show Black Friday sales were strong. 40 percent of Americans are almost 74 million are expected to shop today, according to the National

Retail Federation, making it the second most popular. day to shop behind Black Friday of the five-day stretch, which is often called Cyber Week, between Thanksgiving and today. Adobe specs that today will be the biggest online shopping day of the year with $14.2 billion spent. That would be up 6.3% over last year's Cyber Monday. CNBC's Courtney Reagan. CNN parent Warner Brothers Discovery is for sale, David Ellison's Paramount Skydance, Disney, and Comcast, the CNBC parent. may all be interested, but Paramount may be President Trump's choice as the new owner of CNN's parent company. You don't want to feel like an administration is rooting for one over another.

It's been pretty open. I mean, Trump has pretty much said he thinks the Ellison's are good people. He likes them. He likes what they're doing with CBS and CBS News so far installing Barry Weiss there and a conservative ombudsman. The, you know, the reality of the situation is not wrong. The Ellison family does seem to have the upper hand here. You have people like Elizabeth Warren openly calling out Paramount. They just agreed to distribute a rush hour movie on behalf of the president because he asked them to. Pucks Matt Bellany on CNBC with CNBC's Becky Quick. Tariffs and cremation are hurting the headstone business.

The burial markers market is especially hurt by the Trump tariffs on granite, which is mostly imported for gravestones. There's a deep dive into the story at CNBC.com. Crispy Cream has Charlie Brown Donuts in stores today. The Powerball Jackpot. Almost three quarters of a billion dollars tonight at $740 million. Jessica Eddinger, CNBC. This December, CNBC opens its doors for an exclusive in-person experience at the iconic NASDAQ market site in New York City.

Fast Money Live, Trading the Holidays. December 11th. Get your tickets now. Now at CNBC Events.com slash fast money.