CNBC Business News Update - Market Open: Stocks Higher, Some Investors Are Just On Hold, Boeing Lower On Reported China Block 4/15/25

Episode Date: April 15, 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 Edinger CNBC Wall Street slightly in the green out of the gate this morning. The Dow up 37 points. Nvidia shares leading at higher. They're up almost 2%. The S&P 500 index up 16. The NASDAQ up 71 points. Some investors though are just on hold. I've taken some risks down in my personal portfolio and I'm waiting. I

think we're gonna have volatility for quite a while. I would not even hazard a guess as to what any stock will do over the next few months, simply because we're in the type of market where, which doesn't happen that often, but it does happen, where there's only one variable that matters. And right now the variable that matters is the President of the United States and I can't handicap that right now. Former Newberger and Berman portfolio manager, Steve Eisman on CNBC.

He's the host of the new Eisman Playbook podcast, EU trade countermeasures against the US in effect today. While the US government's now working on tariffs for imported prescription drugs. Johnson & Johnson's quarterly results beat estimates and the CFO talked about the new tariffs with CNBC. 90 percent of prescription drugs today in the U.S. are generic, right? The other thing that might be is precursor materials. So those chemicals such as hydrochloric acid, magnesium, that helps synthesize the therapeutics that we make.

Us and our peers are more into the high science, the bispecific antibodies, the CAR T therapies. That's where we kind of, I'd say, have a differentiation. And not only is it good for our business, but it provides America, I think, with a competitive advantage in terms of leading the world in life sciences. Johnson & Johnson CFO Joe Woke on CNBC. Boeing shares are lower on a

Bloomberg report saying the government's ordered China's airlines to take no more deliveries of Boeing jets. City Group and Bank of America each out with strong quarterly results today. Luxury, bellwether LVMH shares are lower. It's the parent of Louis Vuitton, Tiffany, Sephora, many designer brands had a tough quarter with a drop in sales. Hermes is now the world's most valuable luxury brand after the LVMH stock drop.

Apple regained its worth after President Trump put at least a temporary exemption on tariffs for iPhone sales. Apple's back in the $3 trillion market cap club. American Airlines offering free in-flight Wi-Fi for members of its Advantage loyalty program in January. It's already free on Delta and JetBlue. United Airlines did a deal with Elon Musk's

SpaceX Starlink satellite Wi-Fi service. It plans to make Wi-Fi free for its frequent flyer members. Travelers to London finding their American dollars buying less, the US dollar is 6% weaker today than it was at the start of the year. The pound sterling at its highest against the dollar actually since last October amid the tariff turmoil. It is tax deadline day today.

Jessica Ettinger, CNBC.