CNBC Business News Update - Market Open: Stocks Higher, Investors Optimistic On China Trade Deal, Busiest Week Of Earnings Season Starts 10/27/25

Episode Date: October 27, 2025

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I'm Jessica Eddinger, CNBC, Wall Street with gains out of the gate on China trade deal optimism. The Dow up 215 points, about a half a percent. The S&P 500 index up 58 points, 8 tenths of a percent. And the NASDAQ up 330 points, almost one and a half percent. China's grip on rare earth minerals could ease. Yesterday on Meet the Press, the Treasury Secretary said he expects a delay on Bay. Beijing's rare earth export curbs. Take a listen. I'm also anticipating that we will get some kind of a deferral on the rare earth export controls that the Chinese had discussed.

Okay. Again, this will all be, you know, we, the, my counterpart, the vice premier and I have set the framework and it will be up to the two leaders to discuss the final terms. There's soybeans. There's fentanyl. There's TikTok. Lots to get done here. That's CNBC's Carl Kintanilla on CNBC. Treasury Secretary Bessent also set a deal to keep TikTok available in the U.S. could be finished this week. A tamer than expected. Inflation report rallied the stock markets last Friday, but inflation is still heading in the wrong direction. Beef prices are soaring. Inflation in the U.S. steadily rising since January, now sitting at 3 percent as Americans try to handle higher. prices. The rising inflation is being taken by some as meaning the Fed will cut interest rates this week with an announcement on Wednesday. One investor tells CNBC that rate cuts could send stocks

even higher. With the Fed cutting rates up ahead here by probably 50 basis points between now and year end, and I don't think those rate cuts are actually necessary. I think that just stimulates the economy more, but really the stock market more. And if that's the case, then I think we could get a melt-up. Yardini researches Ed Yardini on CNBC. It is the busiest week of earning season. More than 170 companies

will report results including most of the magnificent seven tech names. Google Parent Alphabet, Microsoft and Facebook Parent Meta report on Wednesday. Amazon and Apple announced their results on Thursday. About one

and every eight Americans is getting snap benefits of some sort food assistance from the government used to be called food stamps. Benefits will end Friday if the government shutdown doesn't end. Investors are watching and say retailers will feel that. The totality of that, without a doubt, is a negative. What we've already seen, and we would expect that we see some more of this, is the places like Walmart and Target. But I think the hope is that, again, going back to trade frameworks, that that is temporary, because as you move into 2026 and beyond that we're in somewhat of a more normalized environment.

Columbia thread needles Nicholas Jean-Vier on CNBC. Hurricane Melissa forecast to grow into a rare Category 5 storm ahead of an historic landfall on Jamaica. The World Series will have a winner by the end of the week. The Toronto Blue Jays and Los Angeles Dodgers play game three tonight in L.A. The series is tied. No mega-million's winner over the weekend. And tomorrow night's jackpot is $714 million, the ninth largest in the history of that game.

Jessica Eddinger, CNBC. This December, CNBC opens its doors for an exclusive in-person experience at the iconic NASDAQ market site in New York City. Fast Money Live, trading the holidays. December 11th. Get your tickets now at CNBC Events.com slash fast money.