CNBC Business News Update - Market Open: Stocks Higher, Nvidia & Walmart Each Report Strong Quarterly Results, US Added More Jobs Than Expected In September 11/20/25

Episode Date: November 20, 2025

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I'm Jessica Eddinger, CNBC Wall Street, breathing a sigh of relief this morning. Investors liked NVIDIA's strong quarterly results out after the closing bell last night. The Dow up 588 points, 1.5%. Walmart shares leading it higher. They're up almost 5% this morning. The S&P 500 index up 108 points. That's more than 1.5%. The NASDAQ up 478 points.

That's more than 2%. Shares of NVIDIA up 4%. Here's NVIDIA's CEO Jensen Wong on the earnings call last night. The transition to accelerated computing is foundational and necessary, essential in a post-Mores law era. The transition to generative AI is transformational and necessary, supercharging existing applications and business models. and the transition to agentic and physical AI will be revolutionary, giving rise to new applications, companies, products, and services. The September jobs report delayed in the government shutdown came in with the U.S. adding a better

than expected 119,000 jobs. The unemployment rate did go up to 4.4%. CNBC Senior Economics Reporter Steve Leesman takes a look at where the jobs were added in Private sector did well up 97,000, but a big chunk of that was health care up 57,000. Another chunk of that, we've been here before, leisure mortality up 47,000. Construction did do well, 19,000 of manufacturing was down 6,000. Walmart with strong quarterly results, it's been attracting anybody looking for value. Consumers across all income levels. The retailer is upping its full year forecast for sales and earnings for the second time. Now expecting revenue.

news to grow up between 4.8 and 5.1%. Now, U.S. comparable store sales grew 4 and half percent. That's bettering analyst's 4 percent estimate. Also, the 45th straight quarter of growth. That's CNBC's Courtney Reagan. Verizon cutting 13,000 jobs in a restructuring. Bath and Body Works shares plunging 10 percent on disappointing quarterly results. The American soap and lotion retailer sells $18 body washes and $19 candles. Companies preparing for employees to be out as early data show. A harsh flu season ahead. The New York Times says the virus circulating right now is spreading faster and earlier than usual.

Universal's Wicked for Good opens tomorrow the sequel to last year's Wicked. It's setting up for a record-breaking blockbuster weekend. Universal's a sister company to CNBC. No Powerball winner last night. So Saturday Night's Jackpot is now well more than a half billion dollars at $629. million dollars jessica eddinger cnbc join the club with jim's best deal of the year at cnbc.com slash club black friday terms and restrictions apply