CNBC Business News Update - Market Open: Stocks Higher, Nvidia Invests In Intel, Novo Nordisk Weight Loss Pill Shows Strong Results 9/18/25

Episode Date: September 18, 2025

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I'm Jessica Eddinger, CNBC. Wall Street's mixed in morning trading. Investors are jumping back into tech shares this morning after the Fed rate cut yesterday. The Dow in the green up 16 points being led higher by shares of Invidia. The S&P 500 index is up 20 points and the NASDAQ up 137 points a half percent. Invidia shares are up almost 2% this morning. The Fed cut a quarter percentage point yesterday and sees two more cuts this year and one for next year. Some investors are cautious about this. The Fed came out with a dot plot that did surprise everyone suggesting three cuts while the market's pricing in two and a half. And here's the rub is that their outlook on the economy was that it's much weaker than they were previously telegraphing. That was the surprise in terms of

the commentary. And that sets up sort of a good news, bad news. Good news. We could get two more cuts. bad news, the economy could go much weaker and we could see that reflect in earnings. Chantico Global's Gina Sanchez on CNBC. Fewer people than expected applied for unemployment benefits last week as investors watch the labor market that seems to be rolling over. Intel shares are soaring. InVIDIA will invest $5 billion in the chip maker to co-develop data center and PC chips. Here's more from CNBC's Carl Kintania and Mad Money host, Jim Kramer. In a release this morning, NVIDIA's Jensen Wong, said, quote,

this historic collaboration tightly couples NVIDIA's AI and accelerated computing stack with Intel's CPUs and the vast X86 ecosystem. This will be one of the best days price action-wise Intel's ever had. This is a remarkable thing for both. It takes off Intel, any possibility that it's going to be an existential crisis. It needed a lot of money. It had the government. It had SoftBank. now it has Nvidia. I'm not worried at all about Intel National Treasure.

Olive Garden parent Darden restaurants out with mixed quarterly results, but it raised its outlook for full year revenue growth. Novo Nordisk shares popping after a trial for a new Wagovi pill showed what the drug maker calls significant weight reduction. The race for a weight loss pill is on and generally pills have shown less efficacy than injections. But Novo says its daily pill had about the same efficacy as a weekly injection. Spirit Airlines cutting more flights heading into the holidays and preparing its workers for more cuts as it operates under bankruptcy protection.

Amazon, trying again this year to get you to start holiday shopping in October in about three weeks. Its prime big deal days event sale set for October 7th and 8th, Target will compete. Finalists for induction into the National Toy Hall of Fame this year include Battleship, Connect Force, Spirograph and Trivial Pursuit, along with Scooters and Slime. Jessica Eddinger, CNBC.

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