CNBC Business News Update - Market Open: Stocks Higher, Oil Price Spike Eases, Natural Gas Prices Pop After Israeli Attack 6/16/25

Episode Date: June 16, 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 Ettinger, CNBC. Wall Street recovering some this morning after Friday's stock sell-off as oil falls today. Investors are betting the Israel-Iran conflict will remain somewhat limited. The Dow is up 264 points out of the gate, being led higher by shares of Goldman Sachs. The Dow is up a half percent already. The S&P 500 index up 43 points, three quarters percent. And the Nasdaq up 176 points this morning. That's almost 1%. Nvidia shares are up one and a half percent. The surge in the price of oil has started to ease,

even with continuing Israel-Iran attacks. Pretty measured response, all things considered, to the bump higher in oil prices, probably because we were coming from relatively depressed levels. Even though we had further exchanges of hostilities over the weekend, nothing the market feels compelled to reprice. Now, we could certainly find an excuse to back off here. That's CNBC's Mike Santoli. Israel has attacked Iran's biggest natural gas field.

Natural gas prices are spiking while oil prices aren't. Oil really is flat to even down. Natural gas is up. OPEC not responding yet. The key thing to watch, the Strait of Hormuz, the shipping channel, it is still very, very busy. Ships everywhere, that is critical to watch. And of course, U.S. production. We are at a record high, just under 13.5 million barrels per day. That's CNBC's Brian Sullivan. The group of seven countries

representing the world's top economies are meeting in the Canadian Rockies today. President Trump is in Calgary, Alberta, as new U.S. trade tariffs are a source of deep tension. The Air India, Boeing crash and military escalations have all darkened the mood today at the Paris Air Show. CNBC's Phil LeBeau is there and spoke with the U.S. Transportation Secretary on site. If there was any whiff of, hey, there's a systemic problem with Boeing or GE, you would know about it.

Is there any reason for you at this point to question or worry about Boeing Dreamliners or GE engines? So we sent an NTSB team, FAA team over to provide assistance to the Indians. And again, data is pulled from the engines in the airplane as the flight departs. If there was an indication that there was anything wrong with the dream line of the 787, we would actually take significant action. We don't have that, so we're gonna wait

for the data to come in, and we'll see what happened on that flight. That's U.S. Transportation Secretary Sean Duffy on CNBC with our Phil LeBeau. Meantime, the CEO of Lockheed Martin says more fighter jets could be ordered in a world with a number of conflicts happening. We are in probably the beginning of a three to five year surge in defense spending, especially

here in Europe. The first couple of years there was a lot of dialogue and understanding the issue and understanding the demand for deterrence capability. Now we're starting to see those budgets come into play in the European countries as well as some increases back in the US domestically. So I think for the next three to five years budgets are going to be pretty substantial. Lockheed Martin CEO Frank St. John on CNBC. Universal's How to Train Your Dragon Sword to a record 8484 million opening over the weekend. It's one of the top 10 starts of all time for a live action remake of an animated movie. Universal is a sister company to CNBC.

Jessica Ettinger, CNBC. The club is really about empowerment. What I like about Jim is he makes it easy for someone like me to understand how to invest my money properly. Boo-yah, Jim! Get invested! Join the club today. Go to cmdc.com slash joinjim.