CNBC Business News Update - Market Open: Stocks Higher, Amazon Web Services Outage Hits Many Apps And Websites, L'Oreal Is Buying Kering's Beauty Unit 10/20/25

Episode Date: October 20, 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. 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 Ettinger, CNBC. Wall Street and the green. Out of the gate, the Dow, up 224 points, just about a half percent. The S&P 500 index is up 43 points, a little more than a half percent, and the NASDAQ popping 186 points, 8 tenths of a percent. Investors shaking off any worries that more banks where lenders will report any bad loans. meantime President Trump calling for Ukraine to be carved up with portions handed to Russia to end that war. Millions of Americans' alarms didn't go off this morning if they used Amazon Echo Smart Speakers as their alarm clocks. A huge internet outage at Amazon Web Services left lots of apps and websites not working today. Amazon says that the underlying issue that caused an AWS outage overnight has been fully mitigated, but it does say that some users may be throttled as they work toward a full resolution. CNBC's Becky Quick. L'Oréal is buying Kearing's beauty unit for nearly $5 billion.

Kearing is the parent of Gucci. The company will instead focus on its core fashion businesses, which include Botega Veneta and Balenciaga. Watch Boeing Shears today. It's being allowed by the FAA to build more planes. The company winning approval from regulators to increase production of its best-selling 737 max check. Now, the FAA capped Boeing's output close to two years ago following the blowout of that

door plug, you'll remember, on that Alaska Airlines flight as it left Portland, Oregon. Now, at that time, federal regulators ordered Boeing not to build more than 38 737 maxes per month. That was the limit. Now the limit has been raised to 42. The FAA is saying it will still oversee Boeing's manufacturing, while Boeing said it would work with its suppliers to bump up production. CNBC's Andrew Ross Sorkin. Oil prices fail again today on worries of slower demand amid an economic slowdown.

One investor says she's not putting any money into oil industry stocks right now. When you have an administration that wants oil prices lower and they have been going lower, it's going to be hard for this sector to do well, to outperform. So they're cheap. There are a lot of well-run companies. I just think they're going to be stuck in the mud for a bit. High Towers, Stephanie Link on CNBC. Meantime, U.S. crude, hovering around $57 a barrel prices at the pump creeping toward a four-year low.

AAA says the national average for a gallon of regular is now $3.3. If it goes to a flat $3, it would be the lowest in four years. Game 7 in the baseball playoffs tonight, Mariners and Blue Jays will battle in Toronto to face the L.A. Dodgers in the World Series. Less than two weeks till Halloween and horror film won the weekend box office, Universal and Blumhouse's Black Phone 2. Universal's a sister company to CNBC. Jessica Ettinger, CNBC. Celebrating 30 years of Squatbox and streaming on CNBC Plus.