CNBC Business News Update - Market Midday: Stocks Lower, Threatened Brazil Tariffs Rattle Investors, Orange Juice Futures Spike 7/11/25

Episode Date: July 11, 2025

Brazil is facing new Trump tariffs...and your cup of joe could get a lot more expensive...the US gets most of its coffee from Brazil: Andrew :16 TD Cowan's Andrew Charles on CNBC And President Trump's Brazil tariff threat pushed Orange Juice futures up - they hit their highest since early june....making breakfast a more costly meal.The average price of a 64-ounce container of orange juice rose 8.5% to $4.48 compared with last year, based on 2025 data through June from DataSembly.

I'm Jessica Edinger CNBC. Wall Street's in the red this afternoon. Investors rattled by President Trump's new threat of a large tariff increase on Ally. Canada, the Dow down 340 points, three quarters of a percent. Nike shares are leading that lower. They're down two and a half percent this afternoon. The S&P 500 index down 23 points, that's four tenths of a percent, and the Nasdaq is down 16 points. Nvidia shares are off their earlier highs but still up more than 1% this afternoon. Companies whose shares have hit fresh all-time highs today include CoachParent, Tapestry, GE, Vernova, Transdimeime and Nvidia. Bitcoin flying to new highs as institutional investors push money into Bitcoin exchange traded funds.

Crypto prices, they are soaring beyond that. Records that yesterday, fresh records on Bitcoin. Look at that level, 118.450. Ether up 7%. It has had a great week this week. CNBC's Melissa Lee. Investors scratching their heads on new tariffs threatened on Canadian goods. 35% on imports from Canada, which by the way,

the second largest US trading partner and the largest buyer of American goods last year. Now an administration official did tell me that the exemptions currently in place for USMCA compliant goods likely will remain as will the lower 10% tariff for energy imports that would soften this a little bit, but still a significant escalation from the 25% level where it is now, I was told that decision is not final.

CNBC's Megan Casella, Brazil facing new Trump tariffs, and your cup of Joe could get more expensive. The U.S. gets most of its coffee from Brazil. Brazil has risen in importance as a coffee exported to the United States. It's the largest in coffee shops. You're gonna really find other ways and look for other markets to really help import from. But because Brazil is such a large piece of this, it's gonna be hard to really circumvent the issue in its entirety if it would be fully implemented. That's TD Cowan's Andrew Charles on CNBC and President Trump's Brazil tariff threat

pushed orange juice futures up, hitting their highest since early June, making breakfast a more costly meal. The average price of a 64 ounce container of orange juice rose 8.5% to $4.48 compared with last year. This is based on new data through June from Data Assembly. IMAX heading for its best year ever as more moviegoers want to see films on the big screens and Hollywood is starting to rebound. New in theaters tonight, Warner Bros. Superman.

It's 7-11 day on this July 11th. Free Slurpees at 7-11. Jessica E on this July 11th. Free Slurpees at 7-Eleven. Jessica Edinger, CNBC. Breaking earnings news. JP Morgan Chase, Citigroup, Bank of America, Goldman Sachs. Market reaction, expert analysis, strategies for your portfolio. All next week on CNBC and streaming on CNBC Plus.