CNBC Business News Update - Market Open: Stocks Higher, Micron Shares Pop On Strong Results, Mortgage Refinance Pop & Drop 9/24/25

Episode Date: September 24, 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's in the green out of the gate this morning. The major averages heading toward intraday record highs again. Micron shares were higher on strong quarterly earnings. The Dow is up 114 points, up a quarter percent being led higher by shares of United Health. They're up 1.7 percent this morning. The S&P 500 index up 10 points. The NASDAQ is up 10 points. The NASDAQ is. is up 38 points. Invitya shares are in the green, up three-tenths of one percent. The mini refinance boom is over in real estate. Homeowners jumped to grab the lowest mortgage rate in three years, and then it just disappeared. Last week was really volatile. Early in the week, before the Federal Reserve cut its rates, mortgage rates fell to the lowest level in three years. But in the days after the Fed cut rates, they shot right back up. So borrowers had been looking really for any type of savings, on the monthly payment. And that's why you saw so many people go from the fixed rate because say you had high sixes or even 7% on your 30 year and then you go into an arm, which is well

into the 5% range, $1,000 a month. That is considerable savings. But when you see those rates start to pack up again, even just 25 basis points, you'll lose the math on the savings. CNBC's Diana Oleg. Today, the average rate on a 30-year home loan back up to almost 6.4% according to Mortgage News Daily. Disney raising prices for the Disney Plus streaming service for the fourth year in a row and more. Disney announcing its raising prices on its streaming platform once again. Starting next month, the ad-supported version of Disney Plus will increase by two bucks to $11.99 per month. But the ad-free premium version will rise by $3 to $1899. This marks the fourth-rate year Disney has raised prices.

The company says that Disney Plus, Hulu, and ESPN Plus, the entire bundle will also see price hikes. CNBC's Frank Holland. Ford offering lower interest rates on the F-150 pickup truck to borrowers with riskier credit histories. The Wall Street Journal says the deal's available until the end of the month, which is next Tuesday. Buyers with weaker credit scores will get the lower rate to finance that people with higher credit scores usually get. Ford wants a strong close to the third quarter for its best-selling pickup trucks. Nicolob Ultra, America's new best-selling beer, taking the top spot away, from Modelo, according to Circona data reported by CNN. Mick Ultra is made by Anheuser-Busch, which says the non-alcoholic version of the beer is

driving sales. The Mega Millions jackpot inching closer to a half billion dollars, Friday night's drawing will be worth $474 million. Mega-millions. Tickets are more expensive, more than twice the price of its rival Powerball. Mega tickets are $5 a piece. The Ryder Cup Celebrity U.S. versus Europe match is on today. Jessica Eddinger, CNBC.

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