CNBC Business News Update - Market Open: Stocks Higher, Major Averages Building On Record Highs, No September Jobs Report Amid Government Shutdown 10/3/25

Episode Date: October 3, 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 Eddinger, CNBC. Wall Street is higher with no September jobs report this morning because of the government shutdown. Major averages building on the record highs they opened with the Dow, the S&P 500 index and the NASDAQ, opened at those fresh highs after investors shrugged off. The government shut down yesterday, and it's day three of that shutdown today. The Dow up 184 points IBM shares leading at higher. They're up one and a half. percent. The S&P 500 index up 20 points, the NASDAQ up 61 points, and video shares are up about a half percent out of the gate this morning. In the absence of big data where there's often a focal point of volatility and movement around the macro story, what we get is, you know, the path to lease resistance is just what the trend has been. And the trend has been essentially a slow grind higher. The rally has definitely taken a little bit of a downshift, but it's not stopped. Santoli, no September employment report today, delayed because of the government shut down. Some U.S. farmers were on the verge of bankruptcy with China buying no U.S. soybeans this year because of the Trump trade war. President Trump reportedly considering an aid package for U.S. farmers. Wall Street Journal says the package could be $10 to $14 billion. The administration

is reportedly thinking about using some tariff revenue to fund the aid, which could start in the coming months, but discussions are still ongoing. No final decisions. The U.S. agricultural sector finds itself in the middle of the tariff dispute with China as Beijing holds off on buying soybeans. President Trump's expected to push China's President Xi to buy U.S. soybeans when they meet in the coming, last we heard, I think it was months, but they're meeting with lower-level people all the time. CNBC's Joe Kernan. Watch shares of Boeing today. Bloomberg is reporting the company's 777X wide body jet appears to be delayed again. This time pushing back its commercial fly date to early 2027 instead of next year. Now, the report says

this latest delay could cost the company between $2.5 billion and $4 billion. The jet is already six years behind schedule. CNBC's Sylvanahan now. Parents of a college student killed in a Tesla crash filing suit today, alleging she was trapped inside the car when it burst into flames because of a design flaw that made it nearly impossible to open the door. They also alleged that Tesla knew about the flaw for years and didn't fix it. Tesla has yet to comment on this lawsuit. Taylor Swift's new album, The Life of a Showgirl, is out. Jessica Eddinger, C&B.C. The pop superstar announcing a brand new album literally everything she touches people won't know about this swift effect a new era cnbc premiere episode saturday 10 eastern