CNBC Business News Update - Market Midday: Stocks Mixed, Fed Meeting Minutes Coming At 2p ET, Jeep Unveils The "Recon" EV 11/19/25

Episode Date: November 19, 2025

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I'm Jessica Eddinger. CNBC markets have turned mixed this afternoon. After a morning in the green, the Dow now on pace for its fifth losing day in a row. The Dow is down 103 points. Shears of Salesforce leading it lower this afternoon. They're down 2.5%. The S&P 500 index still in the green up 14 points. The NASDAQ also higher up 108 points.

Ahead of NVIDIA's quarterly results. Coming after the closing bell this afternoon, NVIDIA shares are higher up 2%. Bitcoin back below 90,000. Target, cutting its profit outlook. Shoppers are looking for deals. They're going to Target stores less often. They're talking about investing more in the stores and cells.

I think that the stores have been underinvested it. And if you make the stores look fresh, even if it costs $5 billion rather than $4 billion, it is worth it. The new CEO, to be fair, has yet to take over. That's not so February. This quarter is not his. I think he should come in when he becomes the CEO and very quickly say, look, our stores, the ones that are run down, maybe we should close them.

Not every store should be invested in. We've learned that. We've learned that from Macy's. CNBC Mad Money host Jim Kramer with CNBC's David Faber. Lowe's shares were higher on better than expected quarterly results after Home Depot diso. appointed with its results. Millions of Americans will go without health insurance when the Affordable Care Act subsidies expire. President Trump today stating he will make no moves to change that.

Health care is unaffordable for the American people and you can't fix it. You can't fix a blown motor by putting more subsidies or more money into it. At some point, you've got to rebuild it or you've got to replace it. And what President Trump is saying is this isn't working, quit giving subsidies to profitable insurance companies. Let's give it to the American people. allow them to make a decision to actually have a plan that works for them and reward them for being healthy. Oklahoma Senator Mark Wayne Mullen on CNBC. Ford recalling nearly a quarter million Ford Broncos. The instrument panels on some of the vehicles are failing for warning lights and

vehicle speed. DoorDash shares were higher on an upgrade by Jeffries. The delivery service has grown faster than investors expected, they say, although the stock is down 20 percent this year. Ticket scalping is about to become illegal, but not in the U.S. It's the U.K. that's set to ban above face value ticket sales. Jeep has revealed its new Wrangler-inspired recon. It's an all-electric SUV. Jeep understands the market that we're in right now, where electric vehicles, they're not in favor, relatively speaking to where they were, let's say, a year or two ago.

If you want to take this on a trail, you can do that. You want to drive through up to 24 inches of water. you can do that even though it's an electric vehicle. So the point that Jeep is trying to make is that if you want to be electric and you want to have off-road experiences, you can have it with the recon. This, by the way, goes on sale early next year. It's going to start at about $65,000. CNBC's Phil LeBoe. I'm Jessica Eddinger. CNBC. Join the club with Jim's best deal of the year at CNBC.com slash club like Friday. Terms and restrictions apply.