CNBC Business News Update - Market Midday: Stocks Mixed, Sportsbooks Expect Record Superbowl Betting, Amazon Reports After Bell 2/6/25

Episode Date: February 6, 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 Edinger, CNBC. Wall Street is now mixed this afternoon. The Dow down 134 points, a third of a percent, giving back yesterday's gains at the moment. It's being led lower by shares of Honeywell, which are tanking 5.5%. Salesforce down 4% this afternoon. The S&P 500 index up 10. The Nasdaq is up 19. A quick check of NVIDIA shares. They're higher by 2.5%. Companies whose shares have hit fresh all-time highs today include Walmart, Cisco, JPMorgan Chase, Netflix, Hilton Marriott, Ralph Lauren, Costco, and Olive Garden parent Darden Restaurants. American sportsbooks say it should be a record-breaking year for betting on the Super Bowl. New Orleans is bustling. America's sportsbooks are betting that the wagering this year will set another record. The American Gaming Association estimates 1.39 billion dollars will be bet legally on Sunday's game. Really, sportsbooks are facing an intense

field of competition for gambling dollars. You have CalShee and Crypto.com offering those prediction market trades. There are sweepstakes style gambling and fantasy sports. Around New Orleans, FanDuel has big advertising up blanketing the building. Caesars, of course, has named the Superdome all for one of the best opportunities for customer acquisition all year long. Right now, the Kansas City Chiefs, one and a half point favorites. That's CNBC's Contessa Brewer in New Orleans this afternoon. More people than expected applied for unemployment benefits last week.

Initial claims, 219,000. It's remained very, very tame. The last time we were back above 250,000, kind of that psychological area, well, that was in October of 23. This has really, really been an unbelievable long run under 250,000. CNBC's Rick Santelli, we get the government's big January jobs report tomorrow morning. The unemployment rate is sitting now at 4.1 percent. Amazon poised to pass Walmart in revenue for the first time. The e-commerce giant reports quarterly results today after the closing bell. Amazon makes a big chunk of its revenue from its

cloud division, Amazon Web Services. Google scrapping its diversity targets following President Trump's executive order, even as high tech has struggled to try to diversify its workforce. This follows similar moves by Amazon and Meta. Over the past decades, the tech giants repeatedly shared their diversity goals and transparency around the gender and racial breakdown of their employee base. Progress to diversify, though, has stalled. A report issued by the Equal Employment Opportunity Commission last year found that the high-tech workforce was less than 23% female in 2022. That number effectively unchanged over the prior two decades, and that the high-tech workforce is far less racially and ethnically diverse than the total U.S. workforce. CNBC's

Julia Borsten. Super Bowl tickets for Chiefs Eagles in New Orleans this Sunday are being found on resale websites for less than last year's resale tickets at this same time. This week you could get into the game for under $4,000. It's the NBA trade deadline today and it's round one of the Waste Management Phoenix Open in Scottsdale, Arizona. Jessica Ettinger, CNBC. The Investing Club. We're not about trading. We're about investing. Get invested. Join the club today. Go to cndc.com slash gymsclub.