CNBC Business News Update - Market Open: Stocks Higher, Investors Optimistic About Trade Deals, New Framework Of A Deal With Japan Announced 7/23/25

Episode Date: July 23, 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 trade optimism on Wall Street stocks are higher. President Trump announcing a trade deal with Japan following agreements with the Philippines and Indonesia. Frameworks have been announced. The Dow up 246 points out of the gate and video shares leading it higher. They're up one and a half percent. The S and P 500 index up 23 points, the Nasdaq up 50 points. President Trump also hinted a trade deal with the EU is close. We have Europe coming in tomorrow and the next day.

We have some other ones coming in. We're doing things that have never been done in this country before. Our country is becoming very rich again, and that's the way it should be. They're not taking advantage of us. Investors like that there's some trade clarity. There's hope now. Okay here's the framework we can live with 15 percent right 15 percent's the new zero right it's not 30 it's not 50 everybody's excited about 15 which is just such a baseline update you think a year ago we'd be freaking out about 15 percent and here we are celebrating. Oh my goodness, it's just 15 percent. G Squared's Victoria Green on CNBC.

But when it comes to the announced trade deal with Japan, a group representing GM, Ford and Chrysler parent Stellantis is worried the new deal with Japan will cut tariffs on auto imports from that country down to 15 percent while leaving tariffs on vehicles from Canada and Mexico at 25 percent. That's where a lot of the American automakers build their cars. Silver hit another 14-year high, $39.83 an ounce. Texas Instruments shares were struggling after a disappointing forecast. The key chipmaker for car makers and factory equipment fell short of estimates.

Tesla reports quarterly results this afternoon after the closing bell on Wall Street. It's a messy story in many respects. What is the one name within the Mag-7 that we are avoiding at this moment in time? I mean, it's a black box as far as Q2 results. That's CFRA's Angelo Zeno on CNBC. Also reporting after the closing bell today. Google parent alphabet wild swings in shares of open door, which is a home flipping company and retailer Coles. The frenzy is highlighting some reignited meme stock mania. New names joining the fray today. GoPro and Krispy Kreme. Egg producer CalMain says its average number of laying hens in the last quarter is up, so eggs shouldn't be in such short supply like they were.

The Mississippi-based company acknowledged future bird flu outbreaks cannot be predicted. The Tesla Diner and Drive-In is open in West Hollywood, owned by billionaire Elon Musk. Fans lined up and waited for hours for Tesla burgers. They cost $13.50. Another comfort food. It's open 24 hours a day and has 80 EV charging stations. Travel to Europe could cost more late next year. The European Commission has proposed a new fee of 20 euros, up from 7, for visa-exempt travelers. That'll cost you about $23, up from about about $8 to go visit Europe.

Jessica Edinger, CNBC.