CNBC Business News Update - Market Open: Stocks Gain, Hurricane Oil Worries, iPhone 18 Pro Demand Softens • 10/9/26

Episode Date: October 9, 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. I'm Jessica Eddinger, Wall Street with some gains out of the gate on this Friday morning. Bond yields have eased a little bit. The yield on the 10-year note holding around 5 and a quarter percent this morning. The Dow is up 60 points. Amazon shares leading it higher. They're up almost 2%. The S&P 500 index up 29 points.

The NASDAQAG gaining 177 points. Chipmaker names are mixed in Vidias in the green by about 810. of a percent. Most important thing for the markets, revenue growth and earnings growth. And so far, you know, the last four quarters have been remarkably good, even getting better. So let's see how that goes. Diversification key here. Oppenheimer's John Stolzfuss on CNBC. Oil is holding U.S. crude oil above $90s a barrel, the global benchmark Brent, above $102 a barrel on fresh strikes in the Middle least with a Saudi-led coalition now vowing a firm response to new attacks by Iran-backed Houthis. Delta Airlines shares down 4% in early trading.

The airline cut its full year, 2026 forecast as jet fuel costs soar. The CEO says demand from flyers for plane tickets, though, is really strong, even with higher prices. Apple shares falling on a NECA Asia report saying the company was cutting component orders for its iPhone 18 Pro. following weaker than expected demand. Apple, the biggest drag on the Dow this morning, down 2%. Hurricane Issa EAS in the Gulf is now a category three major storm power for oil and gas facilities on the Mississippi and Alabama coastlines could be impacted. Here's more from Accuweather's Bernie Reno on CNBC. You can see all the oil rigs here.

It's going to clip the eastern ones. To me, as an eyeball here, 15, 20 percent, has. having direct impact. When you look at the refineries as well, I don't think we're going to see much impact from East Sayers with those. So that's certainly good news. Mining Company Freeport, MacMoran, its shares higher as gold prices were on pace for their first positive week in three. Major League Baseball proposing a shorter regular season, cutting eight games, bringing the season down to 154. It's also pushing for a salary cap. Major League Baseball Players Association responding, saying in a statement, players will weigh in on these proposals, and we will respond at the bargaining table.

Investors are watching Chipotle and Starbucks shares again today. Here's CNBC's Andrew Ross Sorkin with Joe Kernan. Shares at Chipotle heating up after the Financial Times reported that Starbucks has explored an acquisition of that burrito chain. Of course, Starbucks's CEO Brian Nickel led Chipotle before moving to the coffee giant. to Starbucks spokesperson, though, telling CNBC it doesn't comment on rumors or speculation. I think it's if you believe that Brian is a great operator and he was a great operator at Chipotle, and I think he's fixed Starbucks. You know where he cut his teeth.

But by the way, he left Taco Bell. Yeah, but he left Chipotle. And then, by the way, the management of it wasn't so great. Meantime Starbucks teasing today its holiday menu, which will be out in four weeks. New drinks include a tiramisu velvet latte. Returning drinks include the peppermint mocha, sugar cookie latte, and gingerbread chai. Jessica Ettinger, CNBC. From gas prices to housing prices, from government spending to consumer spending, from the AI boom to the data center backlash.

How will this election hit your pocketbook and your portfolio? Continuing coverage. The economy election, CNBC.