CNBC Business News Update - Market Open: Stocks Extend Yesterday's Selloff, Oracle Struggles, Walmart CEO To Retire 11/14/25

Episode Date: November 14, 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 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 extending yesterday's selloff for stocks. The Dow plunging 506 points this morning more than 1%. Nike shares leading the Dow lower. They're down almost 3%. The S&P 500 index down 35 points. That's a half percent. The NASDAQ, down 95 points, 4 tenths of 1%. Envidia shares are in the green by, two-tenths of 1% this morning. Investors keep talking about a bubble. I'm going to say to be a little bit maybe controversial, not a bubble. And I say not a bubble because I think this is a very real tech cycle. I think back to the PC cycle, the 80s, the internet cycle, the 90s, the mobile cycle of the 2000s, cloud 2010s, and now AI. And this will be a very, very real market. It will create a lot of value. I think there will be a productivity payback long term. So I don't think a bubble, but I do think moments of overvaluation, moments of misallocation to capital, sure. General Atlantic's Bill Ford at CNBC's Delivering Alpha Conference.

Bitcoin taking another leg lower today, hitting 94,400, the lowest level since last May. Tech names have been struggling, including Oracle, which is set to log its worst week of the year as Wall Street loses confidence in that company's AI buildout plans. The stock is on pace for its worst quarter since 2002. Walmart shares are under pressure today. CEO Doug McMillan announcing he will retire in January. He's young. He's been in the top job, though, for more than a decade.

He has been in charge for more than 12 years. During that time, Doug McMillan has more than quadrupled Walmart's market cap. He's also set the company up for continued growth. He's been seen as somebody who is not only a stalwart leader, but also a visionary leader for a retailer in particular. adding a lot of digital capacity, changing things in the stores. He, you know, raised the salaries for people and refurbished the stores at a time when it was not popular on Wall Street. There was a big revolt when he first announced that. He's only 59. I am told that this was his choice that he wants to step down at this point. I believe it because I can't imagine anybody wanting to chase him out of there. CNBC's Becky Quick. Doritos and Cheetos naked versions in stores in December, parent company Pepsi. is launching them without artificial colors. But PepsiCo says the original bright orange Cheetos and Doritos will still stay on store shelves as a choice.

The Mega Millions jackpot tonight, $965 million, nearly a billion. No winner since last June. Jessica Eddinger, CNBC. We're celebrating our 30th anniversary. I think the investing market is all times. tailwind, except it can't possibly be. Celebrating 30 years of Squackbox and streaming on CNBC Plus.