CNBC Business News Update - Market Open: Stocks Higher, Nvidia Higher, Dell Gives $6B To Trump Accounts For Kids 12/2/25

Episode Date: December 2, 2025

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I'm Jessica Ettinger, CNBC. Wall Street's still in the green, but the major averages are all off there earlier highs. The Dow is up 79 points. Boeing shares leading it higher. Boeing shares are popping almost 8% in late morning trading. The S&P 500 index up four points. The NASDAQ up 63 points. Invidia has lost its juice this morning. It's still in the green up four tenths of one percent.

Bitcoin bouncing up to 80s. 7,000. And that seems to be going right along with the markets. Rebounding by just about 2%. Following its worst day since March, it's still below that 90,000 valuation keeping out on Bitcoin prices. And by the way, crypto-related stocks like Coinbase, like Robin Hood, strategy, bullish, also kind of steadying, finding some footing here. CNBC's Dominic Chu. Today is giving Tuesday. Nonprofits are hoping you'll donate. It's also travel Tuesday when airlines and hotels try to entice you with what they call. discounts on travel. CNBC Select says there are some good deals out there this morning,

but they can have limited availability. They get scooped up fast and you need to read the fine print for blackout dates and other restrictions. Dell Computers founder Michael Dell donating more than $6 billion to fund the so-called Trump accounts for 25 million U.S. kids. It's about $250 per child, a savings and investment account. They can grow over time. Maltimeters, Brad Gersner tells CNBC about the donation and his work with Invest America. I mean, this is one of the largest gifts in the history of the country. I think the largest to children. Right.

Largest to children. And by the way, Joe, it's not going to a charity that will then distribute some of the money to children. A hundred percent of this is going directly into the private accounts of these children would have been impossible but for the passage of the Invest America Act. That's Brad Gersner with CNBC's Joe Kernan. Costco suing the Trump administration seeking tariff refunds for the price the chain is paid to bring in goods from other countries since President Trump imposed tariffs last April. Costco's suit in the U.S. Court of International Trade notes that it might not be able to get the refunds later, even if the Supreme Court upholds lower court rulings that the tariffs are illegal. Signette Jewelers shares were lower this morning. The parent of Kay and Zales and more is.

out with disappointing outlook, is out with a disappointing outlook for this current quarter for jewelry sales. Warner Brothers Discovery, the parent of CNN, it put itself up for sale. Cheers ticked higher on reports. Warner Brothers Discovery is getting a second round of bids, including a mostly cash offer from Netflix. The Trump administration taking a stake in X-Light, a startup that wants to develop free electron lasers viewed as key to making faster computing chips. It would be a $150 million investment. Domino's putting pizzas on sale through December 7th, half off all regular menu priced pizzas, but you have to order online. Jessica Ettinger, CNBC. CNBC is the network for ambitious people.