CNBC Business News Update - Market Open: Stocks Higher, President Trump Posts "Serious Talks" Are Happening With Iran, US Crude Oil Tops $101 Per Barrel 3/30/26

Episode Date: March 30, 2026

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I'm Jessica Eddinger, CNBC. The Iran War in its fifth week now, Wall Street bouncing this morning higher after Friday's ugly sell-off. President Trump posted today that serious talks are happening to end the conflict with Iran. The Dow and the NASDAQ each opened in correction territory this morning, down 10% from their recent all-time highs. The S&P 500 Index is coming off its worst losing streak in four years. But we've got the Dow up 400. 18 points, almost 1%. Salesforce shares leading it higher. They're up almost 2%.

The S&P 500 index up 55 points. That's 8 tenths of a percent. The NASDAQ up 166 points, 8 tenths of a percent. Checking shares of Invidia, they're in the green this morning, up seven tenths of 1%. The S&P 500 index fund is down five weeks in a row. You would think that usually historically, if that's happened, you have a real snapback rally. It's actually more mixed. That's CNBC's Mike Santoli. President Trump posted a threat on social media today if there's no deal with Iran to immediately reopen the strait of Hormuz.

U.S. crude oil holding above $101 a barrel. President Trump said the U.S. was negotiating with a new and more reasonable Iranian regime to end the war. But Mr. Trump also said without a deal, the U.S. would destroy Iran's electricity plants, oil infrastructure, and desalination facilities, U.S. futures did tick a little bit higher after that post, so we continued to watch them. Iran's parliament began reviewing a possible exit from the Nuclear Non-Proliferation Treaty of Foreign Ministry. Spokesman said Iran still would not seek nuclear weapons. Well, meantime is up about 2% this morning. That's CNBC's Melissa Lee.

Here's Fed Watch Advisors founder Ben Emmons on CNBC. It's certainly a volatile period. I mean, this is a major energy shock. I think Marcus braids for more volatility. this week until we get a true resolution, which again is very fluid at this moment. Gas prices went up over the weekend by another penny. AAA says the national average for a gallon of regular is now $3.99, up more than $1 a gallon since the start of the war.

Wholesale food distributor, Cisco shears were lower. It agreed to buy Jetro Restaurant Depot for a total package worth $29 billion. dollars. Avis Shears were pulling back after surging last week as rental car companies benefited from long TSA lines at airports, people who missed their flights rushed to rent rental cars to try to drive where they needed to be. Nearly one in three car buyers are underwater on their trade-ins when they buy a new car. And that unwelcome, unpaid part of the old loan then gets rolled into the new car loan. The average amount still owed on trade-ins, reached more than $7,000 in the last quarter. Edmonds says this is an all-time high. Among new car purchases involving negative equity, 40% are now financed with 84-month loans. That's seven years. The average monthly payment for buyers who rolled negative equity into a new loan reached $916. Amazon MGM's Project Hail Mary was number one at the weekend box office for the second week in a row it cost about $200 million to make and has brought in about $300 million so far worldwide.

Jessica Eddinger, CNBC. April 15th, financial experts, investors, and policymakers gather in D.C. for conversations on America's economy. CNBC's Invest in America Forum. Request an invite at CNBC Events.com slash invest.