CNBC Business News Update - Market Midday: Stocks Mixed, S&P 500 Index Hit New High Before Pulling Back, President Trump Cancels Meeting With Democrats 9/23/25

Episode Date: September 23, 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. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

I'm Jessica Ettinger, CNBC. We've got a mixed picture on Wall Street this afternoon. The major averages all opened at record highs today, but the Dow has lost its earlier gains. It is still in the green, up 25 points this afternoon. United Health shares leading it higher. They're up 3%. The S&P 500 index touched a fresh record high this morning. It is now down 11 points. The NASDAQ down 67 points. NVIDIA shares are down almost 2% this afternoon. The market has gone farther and faster than most expected. You know, some of the wild parts of the market are as wild as they were in 2021. You know, if you just look at the alternative power, the robotics and automation, the crypto, the quantum, like all that stuff is fully frothed out.

CNBC's Mike Santoli. President Trump in New York City for the U.N. General Assembly, he spoke this morning. He has canceled a meeting with top Democrats as the government's poised to run out of money and shut down a week from tonight. Gold with yet another all-time high today, $3,824 an ounce as some investors are a little nervous. There is this underlying skittishness that is there. You don't see it in the S&P at the moment, but I do think when it comes to things like gold, I think that's where you see some of that. express itself. T.D. Cowans, Lisa Thomas on CNPC. Grocery prices are rising. The latest CPI Consumer Price Index numbers show grocery prices hit their highest in three years last month.

They're 29% higher than before COVID. As the immigration crackdown continues, supplies of produce are being impacted now as the cost of labor there increases. Amazon facing off against the Federal Trade Commission over what the FTC calls a deceptive practice, making it hard for Amazon Prime members to easily cancel their subscriptions as civil trial is beginning. Disney says Jimmy Kimmel Live will be back on the air tonight after a brief suspension over comments related to the slain conservative commentator Charlie Kirk. Disney CEO Bob Eiger was a mentor to Candles, co-CEO Kevin Meyer. You know, half is going to be angry no matter what you do.

So I think Bob just has to do what he thinks is right for the company. He is a steward of shareholders, value it. He is. Former Disney executive Kevin Meyer. on CNBC. Spirit Airlines flying under bankruptcy protection. It's set to lay off about a third of its flight attendance as it cuts flights. The Nike Skims Joint Venture will launch on Friday, retail dives saying it includes seven collections of athleisure wear to be sold on both the Nike and Skim's websites and in some select retail stores. McDonald's with its BTS happy meals and restaurants

today, a collab with the popular Korean K-pop band. Jessica Eddinger, CNBC. CNBC is the network for ambitious people.