CNBC Business News Update - Market Midday: Stocks Mixed, Trump Threatens New Tariffs In Greenland Purchase, New Car Prices Hit All Time High 1/16/26

Episode Date: January 16, 2026

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 and reported 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 Eddinger, CNBC. Wall Street mixed this afternoon. Investors are weighing President Trump's threat to tariff countries that don't go along with his effort to buy Greenland. The Dow is down 26 points. Sales Force shares leading that lower this afternoon. They're down 2%. The S&P 500 index in the green up six points. The NASDAQ up 22 points. InVIDIA shares are higher. They're up a half a percent. Companies who share share. hit fresh all-time highs today include Goldman Sachs and Morgan Stanley, Johnson & Johnson Caterpillar, Lockheed Martin, Northrop Grumman, Raytheon, and Micron. Investors trying to keep their focus on earnings and not geopolitics. Earnings have come in pretty well, if you will. I mean, the consumer stays resilient. Companies in general are remaining resilient. That's BMO's Carol Schleif on CNBC. Canada's Prime Minister and China's President have made some deals. The Canadian Prime Minister announced a meaningful thaw in relations with China that marks a break from the U.S. Canada is going to import 49,000 Chinese EVs at a 6% tariff rates by the likes of Neo, BYD, other Chinese

EV makers. So Carney's four-day trip comes after a very tense time with U.S. under President Trump. Mark Carney had set a goal to double Canada's exports to other countries. over the next decade in order to try to wien off the reliance on the U.S. CNBC's Eunice Yuni Un in Beijing. Precious metals like gold and silver are near record highs. M.K.S. Pamps, Nikki Shields tells CNBC medals may have some pullbacks in their prices, but overall long term, they are going up. You know, copper, platinum, palladium, silver, it's a critical metal.

A lot of those stockpiles are sitting in the U.S., which is unavailable for the rest of of the world. So essentially, these critical metals have been, have been tightened. They're all used in the energy transition into the AI economy. It's a supply-sart story, right? So you've underinvested in these critical medals for the past 10 years, and you just can't build a mine overnight. Investors want scarcity, and they want assets with utility, so that, you know, copper fitsable, silver, fissable, platinum, fidsable, it's just ramping up. Would be car buyers may be out looking at new vehicles over the long Martin Luther King holiday weekend, but wow, look at those prices. Sticker shock, the average price paid is for a new vehicle right now. This is according to Cox

Automotive, $50,326. That is an all-time high. The average monthly payment, according to Edmonds, right now, is $781. You really want to be surprised? Look at the percentage of auto loans that include a monthly payment of at least $1,000, if not more. more. One out of every five auto loans, according to Edmonds, has a monthly payment of at least $1,000. And for the Trump administration, they've heard the complaints, wait a second, it's too expensive to buy a new vehicle. Heck, use vehicle prices are close to a record high as well. And so this is the beginning of their efforts today to say, look, we need to make vehicles more affordable. The big question is, what does the Trump administration want from the

auto industry? Are they looking to mandate a certain number of vehicles are sold? at a certain price point. CNBC's Phil LeBoe. On the coming weeks watch list after the holiday Monday business and world leaders are in Davos, Switzerland for the World Economic Forum next week. Netflix will start off

some big tech earnings on Tuesday. Jessica Eddinger, CNBC. Breaking earnings news. Market reaction this week on CNBC and streaming on CNBC Plus.