CNBC Business News Update - Market Midday: Stocks Mixed, Some Stocks Rocked By Martial Law In South Korea, Giving Tuesday 12/3/24

Episode Date: December 3, 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 Edinger, CNBC. Mixed markets this afternoon on Wall Street as martial law and political chaos in South Korea rock some stocks today. The Dow down 147 points, led lower by shares of Honeywell, down more than 2%. The S&P 500 index down nine points. The Nasdaq still has its head above water. It's up five points. Companies whose shares have hit fresh all-time highs today include Walmart, Costco, and Apple. It is giving Tuesday nonprofits ask for your support. Your inbox may be full of emails now with charities asking for money, but average Americans are actually pulling back. The Wells Fargo survey finds 29 percent of

Americans report they've given less to charity this year compared to the year before, and 51 percent of Americans feel they don't have enough money to give to charity at all. With economic pressure from the rising cost of living, fewer people are giving. CNBC's Sharon Epperson. Meantime, it's also Travel Tuesday today, branded so by travel website Hopper, and the Airline Association has jumped on. They're trying to get consumers to spend money on plane tickets today. Typically, we see a slump in travel bookings in the week after Thanksgiving. This was naturally happening even before we branded it Travel Tuesday. Providers were already dropping prices in this week after Thanksgiving.

What we've done at Hopper is brand it and sweeten the deal with additional discounts. Hopper economist Haley Berg on CNBC. Dollar General and Dollar Tree not reaping the benefits of consumers looking for bargains. Sales have not been lifted. Shoppers say stores are messy. Some products are questionable. They'd rather shop online, but the dollar stores don't have a big e-commerce presence. So who's winning? Walmart and walmart.com. U.S. steel shares tumbling after President-elect Donald Trump said he would block the purchase of the steelmaker by Japan's Nippon Steel. Union workers have said they'd rather have a Japanese owner than lose their jobs. The Trump team vows

that taxpayer money can be used to prop up U.S. steel. President-elect Donald Trump reiterated his pledge to block Nippon Steel's planned purchase of the company. In a true social post, Trump says he is totally against the once great and powerful U.S. deal being bought by a foreign company. He added he will make U.S. deal strong and great again through tax incentives and through tariffs. CNBC's Frank Holland. Jaguar vehicle fans divided as the automaker reveals the Type 00 concept vehicle, the first under a new brand identity. Jaguar's been struggling for years. The new vehicle is boxy, a minimal sports car, big wheels, all electric.

The prototypes will not be sold to consumers. You can see it at CNBC.com. McDonald's doesn't want the public talking about E. coli. It's bringing back the McRib sandwich today at participating restaurants for a limited time. Jessica Ettinger, CNBC.