CNBC Business News Update - Market Open: Stocks Higher, Proctor & Gamble Facing Slowing Sales, Spirit Airlines May Find A Path To Stay In Business 1/22/26

Episode Date: January 22, 2026

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I'm Jessica Ettinger. CNBC, Wall Street in the green this morning. Investors' fears have been eased over Greenland. Also, some strong economic growth in the final read for the third quarter of last year. Up 4.4%, the fastest growth in two years in the GDP gross domestic product. The Dow up 422.8 tenths of a percent. Shares of Proctor and Gamble are leading the Dow higher. they're up almost 3%.

The S&P 500 index up 43 points. The NASDAQ up 20012 points. Shears of NVIDIA up more than 1%. Robin Hood's Stephanie Guild tells CNBC it may be time to take some profits. You know, when you have these times where you have big pops in, whatever the name might be

and maybe it's been on a tear for a while, then it is probably a good time to take some profits, but not sell it completely. if your conviction still lies there. You just want to take advantage of the volatility that I think is going to be more elevated this year. Meantime at the World Economic Forum in Davos, Switzerland, the CEO of the biggest bank in the U.S., J.P. Morgan,

criticized President Trump on immigration. It's a rare critique. Here's CNBC's Becky Quick. On a panel here yesterday, J.P. Morgan CEO, Jamie Diamond, weighed in on President Trump's immigration policy. I don't like what I'm seeing, you know, with, you know, five grown men beating up little women. Okay, so I think we should calm down a little bit on the internal anger about immigration.

CNBC's David Faber and Mad Money host Jim Kramer with this take on Diamond's criticism of President Trump. They say they try to talk to CEOs who won't criticize the president at all. Try to go deep record and keep saying, but isn't there an absurdity to it? Isn't there something about when you look at Greenland that it would? was an overreach, Cuba about to go. David, no one will go. No one will say it to me.

No one will say, you know what, Jim, it is an interesting time. They don't even give you interesting time. I think that's important to point out. Is that surprising to you that there's an unwillingness in the part of executives to be critical at all, even on background? Fear. Just fear. Fear, yeah. The number of people who applied for unemployment benefits last week stayed low at 200,000.

$225,000 is the pre-pandemic weekly average. Earlier this month, the government reported that hiring remained sluggish in December, capping a year of weak employment gains that have frustrated job seekers, even though layoffs, cuts, and unemployment remained low. Spirit Airlines struggling to stay in business. It's working on a deal, though, with an investment firm Castle Lake, as it looks for a path forward. Procter & Gamble mentioned earlier shares had been leading the Dow out.

out with better than expected quarterly results. But the company is facing baby feminine and family care segment declines in demand. These are bounty paper towels, puffs, tissues, and sharmine toilet paper. Many consumers trading down for cheaper brands. Warner Brothers Sinners leads the Academy Awards nominations with 16, the most for any movie of all time. They were announced this morning. Jessica Eddinger, CNBC.

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