CNBC Business News Update - Market Midday: Stocks Mixed, Job Openings In July The Lowest In 5 Years, Alphabet Shares Higher After Google Avoids Breakup In Antitrust Case 9/3/25

Episode Date: September 3, 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 mixed markets this afternoon. The Dow's in the red, down 153 points. Boeing shares leading it lower now. They're down a little more than 2%. The S&P 500 index is in the green up 21. The NASDAQ up 187 points. That's 8 tenths of a percent. NVIDIA shares are back in the green.

They're up two-tenths of a percent this afternoon. Gold, often a safe haven for investors who are worried about riskier investments. Gold hit a new intraday high today of $3,618 an ounce. Job openings in the U.S. in July, the lowest in five years in the new Joltz report on job opportunities and labor turnover. Here's CNBC's Sarah Eisen with Solis Alternative Assets, Dan Greenhouse, on CNBC. Job openings fall to $7.2 million in July. So it's more evidence that we're in the cooling direction. Six, seven million is perfectly in line with what the economy was doing pre-COVID. It has meaningfully slowed down.

We know that there have been job losses among Hispanic-oriented industries like leisure and hospitality. And a couple of companies, Wingstop, raw stores, a couple of others have noted to slow down in that portion of the economy. So there are things going on under the hood that you have to pay attention to. Watch those Google shares popping higher today. The company avoided a harsh antitrust penalty. investors celebrating what they see as minimal consequences from an historic defeat last year in the landmark antitrust case that could have forced Alphabet to sell off the Google Chrome browser. A lot of takes on what this means after being found guilty of monopolistic behavior.

Well, look, I have to appreciate the judge. He does a very, very good job. He says, okay, I made my decision. And then suddenly there's anthropic, deep seat, Microsoft, Open AI, and perplexity. And they didn't really exist. He had to be flexible because the case was brought before these companies meant anything. While he was looking at it, he thought they were monopolist. And then this stuff all comes out. So why break up alphabet? That would be ridiculous given the fact that alphabet is no longer going to do as well. CNBC Mad Money host Jim Kramer with CNBC's Carl

Kintanilla. Macy's shares higher after better than expected quarterly results. Total comparable sales, so whole business all in, grew 1.9%. That's the best performance in 12 quarters. Now, the Macy's business itself, those comps grew 1.2%. Bloomingdale's up 5.7, Blue Mercury up 1.2%. I spoke briefly with CEO Tony Spring, who said, tariffs are real, but we have tailwinds. The newer assortment, less redundancy on our assortment, and now a business that's growing across all three nameplates in our portfolio.

Remember, they're going through closing stores. CNBC's Courtney Reagan. Holiday spending expected to drop this year in a new projection from consulting firm PWC. A 5% drop highlights the struggle Americans are facing, paying their current bills and trying to handle rising inflation. Starbucks will offer protein cold foams and lattes in cafes using protein-boasted 2% milk starting Monday the 29th of September. Today, McDonald's has its BTS happy meals, tiny tan meals,

each with little characters resembling the members of super hot South Korean boy band BTS. Tonight's Powerball Jackpot $1.3 billion. Jessica Edringer, CNBC. Football season is back.

Exclusive NFL team valuations. September 4th, CNBC.