CNBC Business News Update - Market Midday: Stocks Mixed, Boeing Plane Deliveries Best In 18 Months, Amazon & Walmart Start Big Sales 7/8/25

Episode Date: July 8, 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.

I'm Jessica Edinger, CNBC. Wall Street is mixed this afternoon. Some investors betting President Trump's tariffs will end up lower than what has been announced so far. The deadline pushed to August 1st. The Dow is down 123 points this afternoon, a third of a percent, led lower by shares of JP Morgan, down almost 4% now. The S&P 500 index is up one point. The Nasdaq up 22 points. Nvidia shares are up three quarters of a percent this afternoon. Companies whose shares have hit fresh all-time highs today include Booking.com, Parent Booking

Holdings, Coach Parent, Tapestry, McKesson, Uber, and Oracle. The tariff situation isn't great and there's still a lot of ambiguity. We know that supply chains are going to be messed up from that, but we don't know how. We don't know how inflation is going to be impacted yet. That's assuming a really wonderful scenario. So my apprehension on the bull market is that people are expecting more than they're going to get. And when people's expectations become misaligned with what really happens, they behave badly.

Gilman Hills, Jenny Harrington on CNBC. Watch Tesla shares today. They are in the green up 1 percent. After falling about 7 percent yesterday when CEO Elon Musk announced he'd create a third political party in the U.S. He's disappointed with President Trump's spending bill, which is now law, that raises the U.S. deficit. In order to be a successful third party, typically what you need is a new issue, something that the other two parties aren't talking about. You can claim as your own.

You can make inroads into new parts of the electorate that people care about. So he may have some market research that points him in a new direction. The things that he has advocated for are generally traditional Republican talking points, things like fiscal conservatism, cutting government spending. When he started off with Doge, he raised expectations to a huge degree that he was going to cut $2 trillion in spending, and he walked away achieving just a fraction of that. Durham University politics professor David Anderson on CNBC. Big retailers holding the big sales.

Amazon and Walmart started theirs today. Now, Amazon's Prime Day event goes on for four days. That's the first time we've seen that ever, double what's normal in around 20 countries. But Target, of course, also holding its circle. There's Walmart deals, events from Costco, BJ's wholesale, Best Buy Kohl's, and many others that fall either before, during, or after Prime Day. But still, eMarketer predicts Amazon's going to claim 75% of all U.S. e-commerce sales during the event this year.

CNBC's Courtney Reagan. A Delta flight made an emergency landing yesterday in Fort Myers, Florida, because of a possible battery fire inside the cabin. It was in a backpack. The flight attendants handled it. The FAA is investigating AMC theaters selling movie tickets at half price on Tuesdays and Wednesdays this summer, starting today for members of the AMC Stubbs Rewards Program. Jessica Ettinger CNBC. President's latest, I swear he's watching.

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