CNBC Business News Update - Market Open: Stocks Higher, Amazon Is On Its Longest Winning Streak In 3 Years, AirBNB's Big Changes 5/14/25

Episode Date: May 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 by CNBC's Jessica Ettinger.

I'm Jessica Edinger CNBC Wall streets in the green after yesterday's mixed day for stocks. The Dow up 74 points out of the gate led higher by shares of Nvidia which are up 3 percent. The S&P 500 index up 13 points. The Nasdaq popping 101 points a half percent. Apple trying for its fifth straight winning day today while Amazon's on its best rally in about three years as it tries for six straight wins. The S&P 500 index now positive for the year, clawing itself back to write about where it started back on January 2nd, the first trading day of 2025. Monday's massive stock rally actually might not have been so much stock buying that was not investors going fundamentally

long the market was actually a lot of short covering and I just saw a report shows on rematch oh I guess that this program posting a report from Goldman's prime broking business saying that we have seen hedge funds capitulate we've seen the second biggest short covering panic on record during Monday's melt up. So that was short covering. In large part, it wasn't outright buying. CNBC's Juliana Tidalbaum in London. United Health shares were bouncing up 2% this morning after yesterday's nearly 18% plunge. That's when the CEO announced he was stepping

down for personal reasons. Airbnb making some big changes. Airbnb launching a complete redesign of its app. CEO Brian Chesky unveiled a completely new service. Experiences inside the app. It's an effort for Airbnb to become a place for people not just to book places to rent, but for people to book local tours, chefs, prepared meals, services, spas, anything that they're doing when they're on vacation or

frankly in their hometown. CNBC's Andrew Ross Sorkin. American Eagle Outfitters shares are tumbling this after withdrawing full year guidance. The retailer also revealing it's writing off $75 million in inventory. American Eagle says it's making the moves as it deals with slow sales, steep discounting, and an uncertain economy. CNBC's Sylvana Hanau. Egg prices are lower but still near record highs. The CPI report showed April prices for a dozen grade A eggs dropped to an average This CPI report showed April prices for a dozen grade A eggs dropped to an average of $5.12. That's down more than 12 percent, though.

It was the first price drop for eggs since October. The NFL releasing the schedule for its 2526 season tonight. Amazon's two-day pet day sale ends tonight. Facebook parent Metta CEO Mark Zuckerberg, 41 years old today. He's the world's second richest man, depending on the day and the stock price. Neck and neck with Amazon founder Jeff Bezos, both behind Elon Musk. Jessica Ettinger, CNBC. You come to my show and you learn how to do stocks.

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