CNBC Business News Update - Market Open: Stocks Higher, Minnesota CEOs Send Letter To White House, Gold Tops $5100 An Ounce 1/26/26

Episode Date: January 26, 2026

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I'm Jessica Eddinger, CNBC. Wall Street is higher out of the gate with the Dow up 221 points this morning, led higher by shares of Cisco, which are up 2%. The S&P 500 index up 26 points, the NASDAQ, up 46 points this morning. Invidia shares are up about a half a percent. Corweave shares were jumping more than 10 percent as Invidia invests $2 billion into that company to expand AI data. center capacity. Airlines today working to get back up to speed after the severe winter weather swept the nation, but it'll take a while. Yesterday was the largest cancellation day since March of 2020 when COVID hit. So it was a massive disruption in aviation. Today we're already over 4,000 cancellations, almost 10,000 delays in the airspace. That's clearing our runways,

putting sand in their runways, but then we have staffing issues, right? Just like everyone has trouble getting to work, whether they're going to the office, a lot of our airport workers are having trouble getting in as well. So we're navigating that and we're hoping by midweek, we're going to be back to normal. Transportation Secretary Sean Duffy on CNBC. The CEOs of major Minnesota-based companies pushing back against the Trump White House and its ICE officers in their state after a second U.S. citizen was shot and killed. The level of the level. was signed by executives from Target 3M Cargill. United Health Best Buy. The Minnesota Vikings, the Mayo Clinic, General Mills, Blue Cross and Blue Shield of Minnesota, Hormel, Medtronic,

U.S. Bank Corp, and Excel Energy, and that's just to name a few. Here's a take from CNBC's David Faber and Carl Keentania. The CEOs are, quote, calling for an immediate de-escalation attentions and for state, local and federal officials to work together and find real solutions. It's actually a pretty robust list of companies there. It's interesting, guys. We ended up having a conversation on Thursday about the reluctance of corporate America to speak. It's not even publicly, it's even privately. There is a fear amongst executives to criticize this administration in any real way. And so you have to take this letter in that light, I think. Another day, another record high for gold, topping 5,000, 100.

$100 an ounce today. Natural gas hitting a new three-year high today is Americans face higher heating costs in the severe winter weather. The IRS opened tax filing season today. Facebook parent meta at trial today in a lawsuit on child safety. It was an extremely soft weekend at movie theaters, likely because of the weather. But Amazon MGM's mercy with Chris Pratt dethroned Disney's Avatar Fire and Ice at number one at the box office. Avatar had been number one for five straight weeks. Grammy Week beginning in Los Angeles ahead of this coming Sunday's awards. Jessica Eddinger, CNBC.

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