CNBC Business News Update - Market Open: Stocks Higher, Investors Hope For An Interest Rate Cut This Week, Musk Buys A Billion Dollars Of Tesla Shares 9/15/25

Episode Date: September 15, 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, setting up for a morning in the green to start this final week of summer trading the Dow up 60 points out of the gate being led higher by shares of Apple, which are up more than 1%. The S&P 500 index up 24 points. The NASDAX up 113 points. A half percent, Nvidia shares, though, are in the red. They're down 1.5% this morning. The Fed begins a two-day meeting on interest rates tomorrow with a decision on Wednesday. Investors are betting on an interest rate cut and the beginning of what they hope will be a rate-cutting cycle of several cuts. The Senate expected to vote tonight to add new President Trump's pick Stephen Myron to fill a vacancy on the FOMC, the Federal Open Market Committee. And it's expected Myron would vote to lower interest rates this week. there is, though, a debate about Fed independence. And he's going to keep his job.

And he'll keep his job at the White House, at least in pretty early. Go on a leave. It was supposed to be a four-month position. It seems so problematic. I mean, this goes to a true. You're working for the White House, right? You're working for the White House. You're on the Fed.

CNBC's Squackbox team, Andrew Ross Sork and Becky Quick and Joe Kernan. President Trump posting about trade talks with China in Europe, hinting on a deal that may move Chinese-owned TikTok into U.S. Here's CNBC's Carl Kintanilla. A deal was also reached on a certain company that young people in our country very much wanted to save. They'll be very happy. We'll be speaking to President Xi on Friday. Meantime, the Treasury Secretary on the tape a few moments ago discussing a potential deal on TikTok.

I think the framework is for it to switch to U.S. controlled ownership. But again, I'm not going to get ahead of the leader's call on Friday. we have a framework. They'll have to confirm the deal. That's Treasury Secretary Scott. Besant there saying China has not yet agreed to a deal. Tesla shares hire today. CEO Elon Musk disclosed his first stock purchase since 2020, 2.57 million shares worth about a billion dollars. Tesla remains down slightly for 2025. It has served 25%. Over the past three months, The company is also seeking shareholder approval for a new musk pay package worth up to $975 billion

tied to some ambitious milestones. CNBC's Joe Kernan. Manufacturing going in the wrong direction in the new Empire State numbers. It's a measure of manufacturing in New York State, a negative number for September. Coffee hit its highest since April on bad weather and tariffs. Coffee prices were up nearly 4% in big U.S. in the new CPI report the highest monthly gain in 14 years. Brazil is the top source for coffee coming into the U.S.

It's one of the most heavily tariffed countries by President Trump. KPMG's Diane Swank told CNN the coffee prices will easily exceed records as the full effects of the tariffs work their way on two store shelves. Sony's Demon Slayer movie took the weekend box office. Jessica Eddinger, CNBC. September 16th, CNBC Game Plan. Exploring the business of sports, music, and entertainment. Register now at CnBCEvents.com slash game plan.