CNBC Business News Update - Market Open: Stocks Fall To Start December, Markets Still Higher Year To Date, Investors Expect A Fed Interest Rate Cut Next Week 12/1/25

Episode Date: December 1, 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 starts December trading in the red. The Dow down 256 points out of the gate Caterpillar shares leading the Dow lower. They're down more than 1% this morning. The S&P 500 index down 35 points. And the NASDAQ is down 158 points. All the major averages down about a half percent. Shares of Nvidia this morning down a quarter percent.

And this comes, of course, after. a very strong finish to November. We had an exactly 5% rally from the low week ago Friday. You had Black Friday trading that also coincided with the end of the market month. CNBC's Mike Santoli, investors may be taking some profits ahead of what seasonally is usually a decent month for stocks when people root for a Santa Claus rally at the end of December into January. And since it is December 1st, let's check market performance year to date. The Dow is up 12%.

the S&P 500 index is up 16%. And the NASDAQ is up 21%. Wall Street has been swinging over whether the Fed will cut interest rates later on this month. Everyone's predicting. One expert issued a warning about that today on CNBC. Almost absurd than in the last month, the probability of a December cut has gone from 90% to 30%. It's going back up to 86 or 87. 90.

Is it 90 this morning? It's crazy. I mean, this should not have. happened. The whole point of forward guidance is predictability and stability. So there is something wrong that has to be addressed. The rest of the world looks at this and say, wait a minute, the Fed is at the core of the system and there's so much volatility in what they expect that they're going to do in a few weeks. What's going on here? Allianz's Mohamed Al-Alerian on CNBC. Bitcoin falling 6% on pace for its worst day since last March. It's hovering around 86,000. On this Cyber Monday,

shoppers are looking for discounts on tech items. They're buying online. And it was a good Black Friday for sales. 40% of Americans are almost 74 million are expected to shop today, according to the National Retail Federation, making it the second most popular day to shop behind Black Friday of the five-day stretch, which is often called Cyber Week, between Thanksgiving and today. Adobe specs that today will be the biggest online shopping day of the year with $14.2 billion spent. That would be up 6.3% over last year's Cyber Monday. CNBC's Courtney Reagan. Intel shares are higher on an analyst forecast that it's working on a major deal with Apple.

Airbus shares were under pressure on reports of a new quality issue on dozens of A320 aircraft. Disney's Zoo 2, Zootopia 2, notched the second biggest Thanksgiving launch of all time in theaters. Jessica Eddinger, CNBC. This December, CNBC opens its top. for an exclusive in-person experience at the iconic NASDAQ market site in New York City. Fast Money Live, trading the holidays. December 11th. Get your tickets now at CNBC Events.com slash fast money.