CNBC Business News Update - Market Midday: Stocks Mixed, Job Openings At Lowest Since January 2021, Consumer Confidence At Its Highest Since Last January 10/29/24

Episode Date: October 29, 2024

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 Ettinger, CNBC. Stocks are mixed this afternoon on Wall Street. The Dow is back in the red, down 52 points, being led lower by Home Depot shares, which are down a little more than 1%. The S&P 500 index is up 11 points. The Nasdaq up 100 points this afternoon. Companies whose shares have hit fresh all-time highs today include Booking Holdings, Royal Caribbean, JP Morgan, and Texas Roadhouse, the restaurant chain. Bitcoin at its highest since June at more than $71,000. The U.S. had 7.4 million job openings last month in the Jolt's report on job opportunity and labor turnover. That's actually the lowest since January of 2021. As the job market settles back to normal,

consumer confidence popped and is in a good spot right now. Comes in much, much better than expected at 108.7, 108.7. That ends up being the best level since January of this year. It's the second best level of the year. CNBC's Rick Santelli. McDonald's out with a tough quarter. It did reverse same-store sales declines in the U.S. with some promotions and discounts, but the Golden Arches is facing new E. coli headlines. A 15-year-old girl in

Colorado battling kidney failure from eating a quarter pounder earlier this month. The E. coli outbreak that sickened at least 75 people in 13 states, killing one, seems to be contained. Onions were isolated as the source. CNBC's Kate Rogers was on today's earnings call with the CEO. CEO Chris Kempchinski addressing the issue right at the top of the call with analysts. It's the first time we've heard from him since this E. coli outbreak last week, telling analysts that the situation appears to be contained. Adding the Colorado Department of Agriculture confirmed Sunday they did not detect E. coli from McDonald's beef patties, which supports its own investigation that rules the beef out as the source. Kempchinski adding that he is confident that they can return quarter pounders to menus, which they are set to do this week. Meantime,

a crisis management expert tells CNBC McDonald's has done all the right things. I mean, in a crisis situation, all people care about is hazard. When you find out that the company has isolated the problem, when you find out that they have pulled the product, that they know exactly what it is, I think that there's a very good chance that sales rebound very, very quickly. Because if you look at McDonald's history, they really have had a shockingly small number of cases like this. Dezenhall Resources Principal Eric Dezenhall on CNBC. World Series game four tonight in New York. The Dodgers lead over the Yankees is three games to none. The Dodgers could sweep tonight. Jessica Ettinger, CNBC. Earnings season. When the CEOs have a big

announcement, they come here first. A wild hour of earnings. Earnings season. Special coverage all this month on CNBC.