CNBC Business News Update - Market Open: Stocks Higher, Morgan Stanley And Bank Of America With Strong Results, Consumers Say They Plan to Spend Less For The Holidays 10/15/25

Episode Date: October 15, 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 and the Green, even with a new threat aimed at China from President Trump to boycott cooking oil from China, as that country hasn't bought any U.S. soybeans this year. And American farmers are asking the White House for a bailout. The Dow up 280 points. Nike shares leading it this morning up 2.5%. The S&P 500 index is up 46 points. stack up 167 points this morning. The major averages are all up at least a half percent now. Shares of Nvidia are up 1%. The market was doing so well yesterday until the soybean incident, it does kind of feel like K-Nutney at this point. I really think that if we're going to take every true social post and decide that that should

determine what we do with stocks, we're going to end up missing the big picture, which is that the banking industry is leading this rally. including some spectacular performance from Morgan Stanley today. Fantastic from Bank of America. These are the defining elements, not soybean. At CNBC MedMoney host Jim Kramer, Bank of America and Morgan Stanley, as he mentioned, each with strong quarterly results out today. No September inflation report this morning,

although the Bureau of Labor Statistics brought back workers during the shutdown to get it ready for release a week from Friday. That'll be nine days late, but it's still. ahead of the following weeks. Fed meeting on interest rates and that group wants that data. Inflation's been going in the wrong direction all year. The Fed's target is 2%. Headline inflation is now sitting at 2.9% for August. Gold hit another record high this morning as investors look to put money in what's considered a safe haven. Consumers expect higher prices on holiday things in a new Deloitte survey and they also say they're planning to spend at least 10%

less on holiday items this year compared to last year. What people say they're going to do and what they actually do is very different. And the second question of, are prices going to be up to that degree? Absolutely. And not only will prices be up, but the items that we tend to focus on during the holiday season, like toys, will see a disproportionate amount of pricing. That's UBS's Michael Lasser on CNBC. Jeep Parents Delantis announced a $13 billion investment

in the U.S., including a handful of new vehicles to be made at plants in Michigan, Illinois, Indiana, and Ohio with thousands of new jobs. But it's not clear how many of those investments in jobs are new or have been previously announced. Open AI's chat GPT will soon allow erotica for adults. It's a major policy shift for the chatbot. Luxury company LVMH shares were higher after showing some growth for the first time this year. It's the parent of Louis Vuitton, Tiff and. Stephanie, Christian Dior, and Sephora. Jessica Eddinger, CNBC.

Weeknights. This is a very challenging moment for discipline investors who are trying to invest long term. I wish all stocks just coexist at once without the speculative stocks knocking everything else down.

Mad money, weeknight six Eastern and streaming on CNBC Plus.