CNBC Business News Update - Market Midday: Stocks Mixed, Airlines Cancel Flights Ahead Of Severe Winter Storm, Silver Tops $100 An Ounce 1/23/26

Episode Date: January 23, 2026

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I'm Jessica Eddinger, CNBC. Wall Street's mixed this afternoon as a good chunk of America braces for severe winter weather. The Dow down 229 points, about a half a percent. It's being led lower this afternoon by shares of Goldman Sachs, which are down more than 3%. The S&P 500 index is up 10 points. Now the NASDAQ up 121 points. shares of Nvidia are in the green this afternoon. They're up 1 and 3 quarters percent. Silver, topping $100 an ounce for the very first time, a new intraday all-time high. Companies whose shares have hit fresh all-time highs include Carvana, Exxon, Valero, Gilead Sciences, Lockheed, Martin, Northrop, Grumman, and Micron, to name a few. Airlines, with about 1,000 flights and counting,

canceled, heading into severe weather across much of the U.S. this weekend. Change and cancellation fees have been waived at Delta United American Jet Blue and Southwest to and from about 40 airports. States of emergencies have been declared ahead of the severe storm in Texas, Arkansas, Georgia, Kentucky, Tennessee, North and South Carolina, Virginia, and New York, and parts of Alabama and Louisiana, states of preparedness in Maryland and Delaware. Natural gas prices were actually pulling back a little bit today, but Americans are bracing for higher heating bills because all this week, natural gas soared. When you have a trigger like a big storm that is going to lift demand and potentially,

we expect it's going to disrupt supply as well because it freezes the wells. It freezes. We think more than 10% of U.S. natural gas production. Okay, I was going to ask you, about 10% you think of natural gas could be too frozen to use. I mean, the equipment? Well, the gas itself. That's Goldman Sachs, Samantha Dart on CNBC with CNBC's Brian Sullivan. Consumers feeling a little better about their finances and the future in the new University of Michigan, January numbers, the best since last summer.

56.4 is our headline. We're expecting 54 a big beat. This would be the best level since August of last year. CNBC's Rick Santelli. The Fed meets next week on interest rates. Wall Street's betting. Rates will probably be left right where they are. Former Richmond Fed President Jeffrey Lacker tells CNBC inflation's going up and the Fed may want to get investors prepared for a possible rate hike. I know markets are looking for cuts and they think that's kind of the order of

the day, but they'd be well served to prepare markets for the possibility that if inflation doesn't subside or if it rises, they are going to be inclined to look at interest rate increases. The Fed's interest rate decision will come next Wednesday afternoon. New in theaters this weekend, Amazon MGM, with a thriller, Mercy. Jessica Eddinger, CNBC. I always wanted to teach money management, and that's why we created this club. This is really a great way to learn. Go to CNBC.com slash join Jim.

Thank you.