CNBC Business News Update - Market Open: Stocks Higher, Major Indexes On Pace For A Losing Week, PCE Inflation For August At 2.9% 9/26/25

Episode Date: September 26, 2025

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Jessica Eddinger, CNBC. Markets have turned mixed in late morning trading now on Wall Street. The Dow is up 181 points. Boeing shares leading the way. They're up 3.5%. The S&P 500 index up 16. It's the NASDAQ that has spun around and gone red. It's down 10 points.

The major averages are on pace for a losing week. Invidia shares are in the red. They're down almost 8 tenths of 1%. percent this morning. The PCE report out today on inflation. Personal consumption expenditures came in with inflation holding at 2.9 percent. It's definitely stubborn. We're seeing inflation persisting at this hovering around 3 percent. Is that the new target, I think arguably yes. Even the fed officials at their latest meeting with their projections think that we'll hit 3 percent for 2025 amount and that it won't hit their 2 percent target until 2028. And that is seven

years of the Fed not reaching its 2% target. So one must argue their new target might be 3% and that means rates maybe are where they should be. AEIR's Lydia Mashburn-Newman on CNBC. Boeing is higher this morning, as we said, as the Federal Aviation Administration is set to ease restrictions on plane certification. If they once again have the authority to certify their own aircraft before they are delivered, it makes it. much easier as they are planning to raise production levels, and that's crucial, because if you have to wait for the approval of the FAA on every single aircraft that has delivered, it just becomes more cumbersome. This is an indication that the FAA is comfortable with what they're

seeing on a consistent basis from Boeing. CNBC's Phil LeBoe. President Trump announced a load of new tariffs on kitchen cabinets, heavy trucks, and a 100% tariff on branded drugs unless the drug maker builds U.S. manufacturing plants. Here's a take from CNBC's Carl Kintania and David Faber. Kitchen cabinets, bathroom vanities, some of the stock action that's happening in response. We got Wayfair, I think, R.H. William Sonoma, down 3 to 4%. I think a lot of investors trying to sort of, and companies, trying to understand, you know, the pharmaceutical.

It's 100%, but that's branded, and obviously most pharma is generic. And also we shouldn't forget the journal reporting on this possibility of new tariffs related to semiconductors that gets fairly complex. President Trump signed an executive order saving TikTok from the law passed by Congress to ban it. TikTok would come under U.S. ownership. China has been conspicuously silent, though. Some believe China has not approved the deal. Netflix getting the rights to some important major league baseball games. It will stream the MLB's opening day game between the Yankees and the Giants next year

as part of a new three-year baseball deal. The Athletic says it'll be the first exclusive baseball streaming for Netflix, which will also show the home run derby during the All-Star break, and Netflix will share a handful of special regular season games with NBC and Peacock, like the Field of Dreams game in Iowa. The Nike skims. collaboration collection has launched today. The Ryder Cup

U.S. v. Europe golf tournament is on. Jessica Eddinger, CNBC. President's latest, I swear, is watching. Squack Box, 6 a.m. Eastern and streaming on CNBC Plus.