CNBC Business News Update - Market Midday: Stocks Mixed, Consumer Sentiment Drops, Countdown To A Possible Government Shutdown 9/26/25

Episode Date: September 26, 2025

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I'm Jessica Eddinger. CNBC, Wall Street is mixed this afternoon for stocks after inflation data showed inflation's holding steady. Dow is up 156 points this afternoon. It's being led higher by shares of Boeing. The S&P 500 index still in the green, up seven points. It's the NASDAQ that is lower, down 45 points now. InVIDIA shares are down 1% this afternoon. The PCE Personal Consumption Expenditures report came in with inflation sitting at 2.9%.

That is the Fed's favorite measure of inflation. And because it wasn't higher, some investors are worried the Fed may not cut interest rates at its next meeting. It's definitely stubborn. We're seeing inflation persisting at this hovering around 3%. Is that the new target, I think arguably yes. Even the Fed's officials at their latest meeting with their projections think that we'll hit 3% for 2025. amount and that it won't hit their 2% target until 2028. And that is seven years of the Fed not reaching its 2% target. So one must argue their new target might be 3%. And that means rates

maybe are where they should be. AEIR's Lydia Mashmer Newman on CNBC. Boeing is higher this morning, as we said, as the Federal Aviation Administration is set to ease restrictions on plane certification? If they once again have the authority to certify their own aircraft before they are delivered, it makes it much easier as they are planning to raise production levels. And that's crucial because if you have to wait for the approval of the FAA on every single aircraft that is delivered, it just becomes more cumbersome. This is an indication that the FAA is comfortable. with what they're seeing on a consistent basis from Boeing. CNBC's Phil LeBoe.

President Trump announced a load of new tariffs on kitchen cabinets, heavy trucks, and a 100% tariff on branded, patented drugs, unless the drug maker builds U.S. manufacturing plants. Here's a take from CNBC's Carl Kintania and David Faber. Kitchen cabinets are bathroom vanities, some of the stock action that's happening in response. We got Wayfair, I think, RH, William Sonoma, down three to four percent. I think a lot of investors trying to sort of, and companies trying to

understand, you know, the pharmaceutical. It's 100, 100 percent, but that's branded. And obviously most pharma is generic. And also we shouldn't forget the journal reporting on this possibility of new tariffs related to semiconductors that gets fairly complex. President Trump signed an executive order saving TikTok from the law passed by Congress to ban it. TikTok would come under U.S. ownership. China has been conspicuously silent, though. Some believe China has not approved the deal. Netflix getting the rights to some important major league baseball games. It will stream the MLB's opening day game between the Yankees and the Giants next year as part of a new three-year baseball deal.

The Athletic says it'll be the first exclusive baseball streaming for Netflix, which will also show the home run derby during the All-Star break, and Netflix will share a handful of special regular season games. with NBC and Peacock like the Field of Dreams game in Iowa. The Nike Skims Collaboration Collection has launched today. The Ryder Cup U.S. versus Europe golf tournament is on. Jessica Eddinger, CNBC. The president's latest, I swear, is watching. Squawk Box, 6 a.m. Eastern and streaming on CNBC Plus.