CNBC Business News Update - Market Midday: Stocks Mixed, FAA Warns Airlines on Saudi Airspace, Oil Higher • 10/12/26

Episode Date: October 12, 2026

CNBC Business News Update with Jessica Ettinger - Markets & Business News With Expert Analysis From Top Business Names. Visit CNBC.com For More. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

CNBC Business News Update. I'm Jessica Eddinger. Wall Street is mixed this afternoon on this Columbus Day. The bond market is closed. Canada's stock market is closed for Canadian Thanksgiving today. Earning season unofficially starts tomorrow. We're going to get quarterly results from some of the big banks. The Dow's in the green this afternoon up 246 points. Salesforce shares leading that higher. They're up 1.8%. The S&P 500 index is up six points. The NASA. stacks in the red down 41 points chipmakers in the red this afternoon. Watching airline shares now, the FAA warning U.S. Airlines safety risks after attacks at the airport in Riyadh, the capital of Saudi Arabia. Delta says it's now delaying the launch of new service to Saudi Arabia until next March. Airline shares lower this afternoon. JetBlue is leading the way down. Those shares are dropping almost 4%. Here's CNBC's Dan Murphy in Abu Dhabi strike on King Khalid International Airport killing at least 12 people including an American and injuring more than 300 it was the deadliest attack on the kingdom in a decade

then on Sunday the same airport being hit again and another person was killed the hooties are now telling airlines and travelers to stay away from Saudi airports and airspace altogether which is putting civilian and commercial air travel the lifeblood of these economies in the crosshairs. President Trump saying over the weekend that the U.S. may join Saudi Arabia in its retaliation against the Iran-backed Houthi militants who've been attacking airports there. Oil is higher this afternoon. U.S. crude up more than 2 percent, just under $94 a barrel now.

The world's benchmark Brent crude oil just below $107 a barrel. Ukraine this afternoon saying Russia has violated. a so-called energy ceasefire that was announced by President Trump over the weekend. Well, to be fair, the U.S. is in a much better situation than most, right? That's why everyone is coming to the U.S. as a supplier of last resort, because we've got record diesel exports. We have in recent months here. We're exporting a lot of gasoline.

We are helping Europe out in getting then the jet fuel that they need. And so the U.S. is much more self-sufficient than everywhere else in the world here. That's Kepler's Matt Smith on CNBC. American Express is expanding its Centurion Lounge Network, adding two new lounges at Newark Airport in the New York area and at London Heathrow. Lounge is in Philadelphia and Houston will get upgrades. The NBA could introduce smart ball technology as soon as next year using chips embedded in the basketballs to produce data for the game and even help refs know who last touched the ball. The NBA is also looking at the use of wearable technology during games, but no deal yet with players. The new NBA season starts next week.

Number one at the weekend box office was Paramount's horror film Other Mommy Paramount. Part of Paramount Skydance just completed its merger with Warner Brothers Discovery, forming the new company Skydance. Jessica Eddinger, CNBC. From gas prices to housing prices, from government spending to consumer spending, from the AI boom to the data center backlash. How will this election hit your pocketbook and your portfolio? Continuing coverage.

The Economy Election, CNBC.