CNBC Business News Update - Market Open: Stocks Begin Week Higher, AI Stocks Climb, Government Shutdown Looms 9/29/25

Episode Date: September 29, 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 Jill Schneider 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 Jill Schneider, CNBC. Stocks opening higher to begin the week as Wall Street tries to regain momentum after losing some ground last week. The Dow up 100 points, the S&P 500 up 25, the NASDAQ higher by 130. AI-related stocks, including Oracle and NVIDIA rose after skepticism around the artificial intelligence trade put pressure on the broader market. Some traders questioning whether there's enough energy to power an infrastructure plan between NVIDIA and Open AI. Joe Teague, a rational equity armor fund, weighed in on that. I think it's potentially that this AI boom could lift all areas. I'm really going to focus in on the tech sector, though.

I think that's going to be the best winner over this period. Also very interested, though, you think maybe safety, you would think utilities, though. I think utilities have potential for the upside, too. We are going to need to power all these data centers, so that's maybe an area of overweight for me also. Shares of electronic arts jumped more than 5 percent after the video game company, announced it's going to be taken private in a $55 billion deal. Cannabis stocks climbing, the group surged after President Trump posted a video on truth social touting the benefits of cannabinoids for seniors. Shares of Danish pharmaceutical company Novo Nordisk sliding more than

3% after Morgan Stanley downgraded the stock to underweight. The bank cited rising competition in the weight loss drug space. The federal government will shut down Wednesday unless Congress can agree on a stopgap funding bill. Trump is expected to meet with the top four congressional leaders today. After abruptly canceling a meeting with the Democratic leadership last week, the president has warned of mass firings of federal workers if a deal can't be reached. Jill Schneider, CNBC. Get exclusive reporting and data on high net worth investors, family offices, and alternative

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