CNBC Business News Update - Market Open: Stocks Higher, Amazon Shares Tank 9%, TrumpRx Is Live 2/6/26

Episode Date: February 6, 2026

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, a rebound on Wall Street after three days of selling with a fresh all-time high for the Dow this morning. Up 754 points being led higher by shares of NVIDIA up four and a half percent. Going the other way, Amazon shares are tanking 9%. The S&P 500 index up 61 points. The NASDAQ up 128 points. We've had seven days of selling, so there's always a lot of fears. Okay, is there more to go?

But typically, I think these kind of selloffs, which are a big overreaction, in my view, I think these typically are buying opportunities. You saw that with Deep Seek last January, where you had Invidia down 17% in one day. And of course, what's happened since then is stock rebounded. And the same with, I think, the tariff uncertainty in April. This is not 08. I think this will prove to be quite a buying opportunity. So these stocks are on a sale.

BD8 Capitals Barbara Duran on CNBC. crypto has gotten hammered. Bitcoin falling to 60,000 before trying to rebound a little this morning, back to 65,000, basically. Bitcoin was cut in half from last fall's highs. The Trump bump from the election was wiped out. Watch Amazon shares today after mixed quarterly results. It reported last night after the closing bell. Amazon shares are down 9% out of the gate this morning. It missed profit estimates, even with faster than expected growth in its cloud computing. business, AWS. Here's a take today from CNBC's David Faber, Carl Kintania, and CNBC Med Money host Jim Kramer on the cash issue at Amazon, considering it plans to do a lot of spending on AI. Look, I think the problem is this. The cash flow is not there. So then you go back to the old days where they had to borrow a lot of money to do what they wanted. They filed for a mixed shelf this morning. Yeah. And I just don't know how much they're going to totally borrow. I mean, right, you've got to believe. Right. You have to believe. But I have to believe.

They have to believe that they're going to spend a width. That said, most quarters, if Amazon put a number like that up at its most important unit, you'd see the stock up dramatically. Oh, it would be incredible. But to your point, Jim, there's not going to burn any free cash flow in 2026. Because they increased capbacks by over 50 billion above what had been anticipated. Gold was ticking higher, silvered down another 3% this morning as profit taking takes hold. Talks between the U.S. and Iran were set for today.

oil prices were pulling back on the hope the U.S. won't disrupt oil supply with a military attack. Trump RX live today, a website the White House says, will help American patients use their own money to buy prescription drugs directly from drug makers. Researchers who study drug pricing already say that some Americans will overpay for their medicines if they use this new site, so it's important to compare. No jobs report today, delayed because of the government shut down. from earlier this week. It's set now for next Wednesday. Tonight, the opening ceremony for the 2026 Winter Olympics in Italy. CNBC parent-versant is carrying NBC sports-produced Olympic coverage on its networks, including USA Network and CNBC.

I'm Jessica Eddinger, CNBC. Tuesday, February 10th, join CNBC's first ever digital finance forum, unlocking opportunities in the new blockchain economy. Request your invite at cnbcevents.com slash digital finance.