CNBC Business News Update - Market Open: Stocks Down, Treasury Yields Up, Fed Meets on Rates • 9/15/26

Episode Date: September 15, 2026

CNBC Business News Update with Jessica Ettinger - Markets & Business News With Expert Analysis From Top Business Names. Visit CNBC.com For More. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

CNBC Business News Update Market Open. I'm Jessica Eddinger, Wall Street and the red out of the gate. Bond yields are rising. The yield on the 10-year Treasury touching a 19-year high today. The Dow, down 287 points. That's a half percent. Leading the Dow lower this morning, Procter & Gamble shares down almost 1.5%. Johnson and Johnson down 1%.

Nike down 1%. The S&P 500 indexed down 15 points. the NASDAQ down 67 points. A lot of the chip makers this morning are in the green, Intel Qualcomm, and Cerebrus, each up 2% this morning. The yield on the benchmark 10-year Treasury note hit its highest since 2007, reaching 5.041 percent. Bond yields and prices typically move in opposite directions. Global yields are rising. What's behind the Treasury moves? CNBC's Rick Santelli got that question from CNBC's Joe Kernan. Why are global yields rising inflationary expectations around the globe? I think it's debt and deficits and I think it's the explosion of AI issuance. And I do think there is a

portion of that that is the U.S. economy doing pretty well. I'd say maybe a third of what we see on U.S. yields, maybe a little more is based on growth. The Fed started its two-day meeting on interest rates this morning and increases widely expected to try to tamp down inflation. We'll get the announcement tomorrow afternoon. A new CNBC survey finds that investors believe there will be at least two interest rate hikes over the next year. Here's CNBC's Ben Bulos. The rise in yields has further increased bets on the Federal Reserve hiking interest rate. CME's Fed Watch tool now seeing a near 93% probability of a 25 basis points hike. The effects of that, not just on U.S. treasuries, but it has rippled through to other global bond yields as well, pushing up borrowing

costs, and there's the concern that at some point that then starts to filter through to the economy starts being felt by consumers in terms of loans, credit cards, mortgages, and so on. Mortgage rates are already pushing higher. Today, would-be-home buyers are facing a nearly 7.2% interest rate for a 30-year fixed home loan. That's according to Mortgage News Daily. Some of the software stocks have been struggling today. Here's CNBC's Dominic Chu. The software stocks are reversing some of the gains from yesterday. Remember, they were up big.

Cyber stocks like CrowdStrike, Fortinet, Palo Alto Network's service now. Other cloud type providers are all kind of moving to the downside here. But again, after big gains yesterday. Crowdstrike, by the way, was the S&P and NASDAQ's top performer yesterday on those AI safety concerns. So we're giving some of that back on the software trade after a banner day yesterday. The U.S. has said for the first time that the Space Force has deployed weapons in orbit. The Air Force Secretary telling the Air and Space Cyber Conference, the U.S. has on-orbit space control weapons. You can get that full story at CNBC.com and the CNBC app on your phone.

Pain at the pump continues today. The national average for a gallon of regular up to $4.33, according to AAA. Diesel at a record high of $6.27 a gallon. Saudi Arabia racing to fix and restart a key pipeline that was attacked and shut down. It was being used as a bypass to get oil out while the Strait of Hormuz is too dangerous for tankers in the U.S. around war. Kraft Hines expanding the flavors for its Philadelphia cream cheese. It's working to revive longtime food brands. Apple, the winningest company at the Emmy Awards last night.

Its television series, Widows Bay, took home the most trophy. with 14 wins, including Best Comedy Series and Best Actor. Jessica Eddinger, CNBC.