CNBC Business News Update - Market Open: Stocks Fall, Oil and Yields Higher, Qantas Touts NYC-Sydney Flight • 9/23/26

Episode Date: September 23, 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. The Dow down 137 points being led lower by shares of McDonald's, which are down 3%. Its investor day is today. The S&P 500 index down 17. The NASDAX down 100 points. Here's CNBC's Mike Santoli.

This morning, you see the index futures wobbled a little bit as Treasury yields took a little bit of a tick higher. Oil came off if it's overnight lows. Iran today saying President Trump's threats are a sign of strategic desperation after the president's speech at the UN General Assembly yesterday, noting that he could call for total annihilation of Iran. Iran is floating some conditions now for the reopening of the Strait of Hormuz as the Trump administration takes a look at whether a diesel export ban is feasible, according to Treasury Secretary Bessent, to bring diesel prices at the pump down with mid-true. elections looming. Europe is closely watching the price of diesel in the U.S. and the idea of an export ban. Europe buys a lot of U.S. diesel fuel. Here's CNBC's Benbulos in London. Diesel at the pump for Americans, it's up at $6.52 a gallon of diesel today. And Donald Trump has now said he would back a ban on foreign exports of diesel as the war he and Israel started

against Iran continues to push those fuel prices higher ahead of the midterm elections. This days after Interior Secretary Doug Bergam said an export ban wouldn't actually lower prices, and as diesel prices continue to notch records. AAA today says national average for a gallon of regular gas sitting at $4.47. The Trump Xi Summit this week puts AI safety talks on the table, but neither side really wants to back down. Anthropic, in fact, released a new AI model yesterday. Meantime, the message being sent by Beijing to the Chinese people, is that President Xi will press President Trump to stay out of the Taiwan independence issue.

The official People's Daily has said that the two should consider that Taiwan independence is a common enemy. It says of both the U.S. and China, the expectations that President Xi is going to press President Trump to potentially weaken language around Taiwan, an island that Beijing claims as its own, and also building on President Xi's very direct, if you remember, back in May, a warning to President Trump that crossing China's red line on Taiwan could lead to a conflict. That's CNBC's Eunice Yun in Beijing. Meta Connect is on today the biggest event of the year for the parent of Facebook and Instagram, CEO Mark Zuckerberg, speaking there tonight. Netta's new AI agent that will do things for you. Muse is the number one free downloaded app on the Apple App Store.

that's in focus. Bankruptcy for Bright Line, but the passenger rail line along the east coast of Florida is still running. Here's CNBC's Morgan Brennan. Florida Private Passenger Railroad Bright Line is reportedly in the final stages

of restructuring some of its debts via a Chapter 11 bankruptcy filing that could come as soon as this week. The filing would exclude Brightline's operating unit, which would allow it to keep running trains. Qantas will start selling tickets next year for its New York to see. Sydney non-stop flight. The Australian airline is planning to use new Airbus A-350-1-000 UL-R jets.

That's ultra-long range. These jets have an extra fuel tank for the marathon flights. Jessica Ettinger, CNBC.