CNBC Business News Update - Market Open: Stocks Higher, Investors Hope Iran War Is Near An End, Oil Plunges, SpaceX Rises 6% 6/15/26

Episode Date: June 15, 2026

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I'm Jessica Ettinger. CNBC, Wall Street is higher out of the gate on a possible U.S. deal with Iran that might lead to the end of the war. The Dow is up 542 points, 1%. The S&P 500 index up 110 points. That's 1.5%. Look at the NASDAQ, up 605 points. That's more than 2%. chipmaker shares soaring today. Micron up 7% Qualcomm up 6%. Invidia's up 2%. Amd. up almost 8%. President Trump unable to sign a peace deal with Iran over the weekend with Israel and Hezbollah exchanging attacks, but he says it should be signed Friday. Vice President J.D. Vance telling CNBC he expects the Strait of Hormuz to be open toll-free, as it always was. And the vice president says that after Iran signs, this framework deal, it will have 60 days to make a choice whether to end the war. That's fundamentally the choice the Iranians have to make. Do they want access to the world economy? If so, they're going to have to give up the long-term nuclear ambition. If they don't want access to the world economy and they don't give up that ambition, they're never going to have the resources to rebuild it from where it is today. So it's a big win for the American people.

And I think the Iranians fundamentally have a good choice here in front of them, whether to be a normal country or whether to be a country that continues to be to pursue a nuclear weapon, which they now have no capacity to do. And here's a note on this from CNBC's Brian Sullivan. The president of Iran Peshashkian is the one that we're negotiating with. But there's another guy named G, Mohammed Ghalibov, Kali, sometimes spelled the G, sometimes the Q. He reports to the Ayatollah Khomeini's son, who's alive but injured but getting better. they may have different ideas. That's why you've seen contradictory headlines. My sources in the Middle East are very, very good.

And there are multiple people in Iran that may want to take control. Let's hope this holds. The price of U.S. crude oil has plunged down below $80 a barrel today to its lowest since March 10th. This can help airlines and cruise lines. Watch those shares today. SpaceX shares up another 6% out of the gate this morning, building on Friday's 19% gain after issuing. to the public for the first time.

I think in the short term, the business is very dependent on what happens to Starlink. And the metrics haven't been looking that great so far this year. The revenue per user fell quite dramatically in the first quarter. And now we're looking to the second quarter results coming up in the next month or so. That is going to be an interesting one because SpaceX has actually been raising the prices for Starlink in the last couple of months. That suggests that revenue is falling a little bit short of expectation. So it's going to be really interesting to see how that comes out.

TMF associates Tim Ferrar on CNBC. SpaceX shares are being fast-tracked into the NASDAQ 100, tracked by the Q's, the QQQQ-Q-Q-I index fund. It should be added within about 15 business days after its initial public offering last Friday. So SpaceX in the NASDAQ sometime around July 1st. Fox buying streaming device maker Roku in a 12th, $22 billion deal. Universal's Disclosure Day won the weekend box office. The Hollywood reporter says it's

Steven Spielberg's top grossing opening weekend domestically for an original feature beating ET, Jurassic Park, and Raiders of the Lost Ark. Jessica Eddinger, CNBC.