CNBC Business News Update - Market Open: Stocks Higher, Nasdaq Extends Record Run, Airports Recover • 9/22/26

Episode Date: September 22, 2026

CNBC Business News Update with Jessica Ettinger - Markets & Business News With Expert Analysis From Top Business Names. Visit CNBC.com For More. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

CNBC Business News Update Market Open. I'm Jessica Ettinger. Wall Street's higher out of the gate this morning. The NASDAQ is coming off a fresh record high closed from yesterday, building on that. The yield on the 10-year treasury below 5% this morning. The U.S. crude oil price below $94 a barrel now. The Dow up 115 points being led higher by shares of drug maker Amgen. They're up 2.5%.

The S&P 500 index adding 50%. points. The NASDAQ up 107 points, four-tenths of one percent. I mean, mania is back. Yeah, you know, I believe the AI trades a bubble. Obviously, Muse has reinvigorated meta platforms. The way I

describe it is meta has taken the role that Google had at the beginning of the year and lost, where it's a big publicly trade company with billions of users. So if it has a good enough AI product, it can distribute that very effectively. Jones Trading's Mike O'Rourke

on CNBC. Reports say Iran is offering to reopen the strategically vital strait of Hormuz within seven days if the U.S. eases military pressure and lifts its blockade on Iranian ports. The report by Reuters and others raises hope of a renewed U.S.-Iran diplomacy and, as Washington intensifies economic pressure on Tehran and Iran-backed Houthis threatened shipping around the Babel-Mand-Deb, another key oil chokepoint. U.S. drivers dealing with prices at the pump, though, that are holding with the national average at $4.48 a gallon for regular, according to AAA. Diesel is up again today, hitting a fresh record high, $6.53 a gallon. Flights in the Northeast trying to return to normal schedules today, here's CNBC's Morgan Brennan. Transportation Secretary Sean Duffy says damage telecom lines have been repaired and that all airports in the Northeast are resuming normal operations.

This, after a failed circuit and damaged backup connection, your Philadelphia, forced airports across the region to cancel more than 800 flights yesterday and more than 600 at Newark Airport alone. Jeffrey's noting that the groundstop may bring renewed attention to the $12.5 billion FAA modernization program that was awarded back in 2025 to P.E. backed Peraton. One of the airlines most impacted, according to Jeffries, is United Airlines. McDonald's holding its investor day today in Chicago as the chain has been. been struggling. It's facing high beef prices and some sharp competition from Burger King and Shake Shack. Paramount Skydance shares were higher in early trading after it settled an antitrust lawsuit with a group of U.S. states led by California. They sued to block the Paramount merger with Warner Brothers Discovery. The merger combines two big movie studios along with HBO Max as well as CBS News and CNN.

Here's CNBC's Andrew Ross Sorkin with Becky Quick. Attorney General Rob Banta led that charge to try and stop the merger. As part of the settlement, Banta said that the combined studio will release 30 films theatrically in its first two years and 32 in the following three years. And it agreed to keep both the Paramount and the Warner Brothers production lots in Los Angeles. By the way, most of those things are things that Ellison had said he was going to do anyway. This is not a win for Banta. Well, you're going to have to do what you said you were going to do, basically.

I guess it binds them to these things. Cal She asking the CFTC to allow margin trading on the prediction market platform. That lets users buy with borrowed money. The Commodity Futures Trading Commission is the federal regulator for event contracts. Google fined nearly a half billion dollars for breaching the European Union's strict privacy rules because it mishandled users' location data. Fall arrives tonight. Jessica Eddinger, CNBC.