CNBC Business News Update - Market Open: Stocks Higher, Nvidia Becomes First Ever $4 Trillion Company, DataDog Is In The S&P 500 Index Today 7/9/25

Episode Date: July 9, 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.

I'm Jessica Edinger CNBC a record setting day on Wall Street already this morning. Nvidia becoming the first four trillion dollar company ever. The Nasdaq hitting a fresh record high. Let's start with the Dow. It's up 200 points almost a half percent. Boeing shares leading that higher up two and a half percent. The S&P 500 index up 36 points a half percent and look at the Nasdaq up 191 points almost 1%. Nvidia shares are up more than 2% this morning. We got the Nvidia record market cap. Oh there you go. Alright, hey, who is the leader of Nice and Sky on Earth? Jensen Long! I know that there's a tennery, especially in New York City, about rich people and how they

conduct themselves. This man's made more millionaires than anyone in America, and he just is so grateful that people made money with Nvidia. CNBC's Jim Cramer and Carl Quintanilla. Datadog now a member of the S&P 500 index, as of today, replacing Juniper Networks, here's the CEO. Whenever you stream video online or you pay something with a credit card, on the back end, what you have is hundreds or thousands of systems and applications

that work together to make that happen. And what we do is we make sure that those systems actually work, that they're fast, they're reliable, and also that they are secure. Data Dog CEO Olivier Pomal on CNBC. The minutes from the last Fed meeting will be out this afternoon, investors combing through those to try to gauge how close the group might be to cutting interest rates. Investors are also digesting those 50 percent tariffs announced on copper imports, which

sent copper prices soaring. The metal posted its highest single-day gain yesterday since 1989. Americans could pay more for new construction homes, appliances, electronic devices, batteries and LED lights. More people applied for mortgages to buy homes last week than the week before as mortgage rates ticked down to their lowest in three months. The average 6.77 percent for a 30-year fixed home loan. Homebuyer demand also being fueled by more homes on the market to choose from. Starbucks China attracting bids that value the coffee chain at up to $10 billion, according to three people familiar with the deal process who spoke with CNBC. Shares of Ray-Ban maker Esselor Luxotica are higher.

Facebook parent Meta reported Lee's buying a piece of the company after making its Meta Ray-Ban smart glasses. Meta has reportedly acquired a near 3% stake in the eyewear maker Esselor Luxotica. Now according to Bloomberg, the minority stake is worth around 3 billion euros, and the social media giant may look to increase its holding in the future. CNBC's Steve Sedgwick in London.

Willie May's personal collection going up for auction in September. The items include his Presidential Medal of Freedom, his 1954 World Series ring, when he played for the Giants, the New York Giants, and his baseball Hall of Fame induction ring and lots more. Hunt Auctions in San Francisco will handle the sale. Proceeds to be donated to the Say Hey Foundation.

Samsung's Galaxy Unpacked event is on today in New York, showing off new phones. Jessica Edinger, CNBC. Which American states are driving business? Last year, Virginia took the honors. Which state will be the top state for business this year? America's top states for business, the full list revealed Thursday

and streaming on CNBC+.