CNBC Business News Update - Market Midday: Stocks Mixed, Ford To Invest $2 Billion In EV Pickup Truck Plant, AOL Ends Dial-Up Internet 8/11/25

Episode Date: August 11, 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 Eddinger, CNBC. Wall Street is mixed this afternoon. The Dow is down 46 points being led lower by shares of Caterpillar, which are down almost 2%. The S&P 500 index, now back in the green, up 12 points. The NASDAQ is up 81 points now, 4 tenths of 1%. Invidia shares this afternoon up 3 tenths of 1%. Bitcoin popped back up to 120.3%. thousand. Ford announced a $2 billion investment in a Louisville assembly plant aimed at making affordable electric vehicles. Ford says one of its first products out of that plant will be a pickup truck. That's all electric for about $30,000. Invitya and AMD paying 15% of their revenue from chip sales to China to the U.S. government. According to reports in the New York Times and the Financial Times, what this means for government involvement in American business. So the president wants a piece of it. I don't know. Why shouldn't the country get some of it? It is a new way. The Greigip piece in the journal, which I thought was, you know, he's writing really interesting things. And just talking about we are moving closer to China than China moving closer to us.

It's state-run capitalism. I mean, at what point are we going to get to the point where the government is seen as a better allocator of capital than the... That's already happening. That's what the Chips Act was, right? Well, the Chipped Act was with carrots. These are with sticks, and he's telling American business where they should invest, who they should have as a CEO, and where to send the check for a cut of the profits. A little aggressive. That's CNBC's Carl Kintanaia with Jim Faber and Mad Money host Jim Kramer.

The tariff pause between the U.S. and China expected to expire tomorrow, but Commerce Secretary Howard Lutnik has suggested the deadline could be pushed. Paramount buying the rights to UFC for $7.7 billion for seven. years. It's the first major move after its merger with Skydance. UFC fights will be free on Paramount Plus and select events will be on CBS. As Tesla car sales slump in Europe, Tesla's looking for growth as a power company. Tesla has launched a bid to supply electricity to businesses and households in the United Kingdom. Elon Musk's company formally submitted a request for electricity license to regulator off-GEM last month. If approved,

Tesla could enter the UK energy market as soon as next year. And for more on that story, head online to cnbc.com. At CNBC's Steve Sedgwick in London, Warner Brothers owned new lines weapons, won the weekend

box office with a $42 million take. It's a big win for the horror genre as Summerween continues to take hold. Disney's Freakier Friday Friday beat expectations to come in second. It was the top August opening ever for a PG-rated movie. Yahoo-owned AOL will end Dial-Up Internet Service.

Company deciding to ditch the service, which was massively popular back in the 90s and early 2000s. AOL is now part of Yahoo. It said that dial-ups last day will be September 30th. That's CNBC's Andrew Ross Sorkin. Jessica Eddinger, CNBC. CNBC is the network for ambitious people.