CNBC Business News Update - Market Open: Stocks Higher, S&P 500 Index and Nasdaq Build On Record Highs, Gold Tops $4000.00 For The First Time 10/7/25

Episode Date: October 7, 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. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

I'm Jessica Eddinger, CNBC. Wall Street is higher out of the gate this morning. The S&P 500 index in the NASDAQ, each building on record highs. It's the Dow that's up triple digits, up 110 points, being led higher by shares of IBM, which are soaring. They're up almost 3%. The S&P 500 index up 11 points. The NASDAQ up 41 points. InVIDIA shares up 8 tenths of 1% this morning. It's all about AI. And it's all about tech, tech related, the build out, the infrastructure, utilities. And I think that's going to lead us actually into the end of the decade. We could have a bare market at some point. But I think this whole AI trend with tech is going to stay the leadership. It's going to stay growth. People are talking about, is this a bubble? I think it's the early stages of a bubble. Sanctuary Welts, Marianne Bartels on CNBC. Investors are waiting for news on whether any progress is being made. on ending the government shutdown. The shutdown meant no September jobs report data. And an analysis by investment giant Carlisle is showing that report would have been pretty bad. Employment growth would have stalled even more dramatically in September than hiring stalled back in August. What was most interesting about our monthly data in September was that payroll employment growth implied from the data was only 17,000. So very low. Typically, when you see jobs growth that low, particularly the deceleration observed over the course of 2025, entering the year,

payroll employment growth was about $200,000 a month. You would think it was an economy on the cusp of recession or having already succumbed to recession. Carlisle Research Head Jason Thomas on CNBC. Gold topped $4,000 an ounce for the first time ever today. Investors use gold as a hedge against volatility and as a safe haven in uncertain times. Gold. It's up 50% year-to-date. Can Griffin making some comments about how investors are looking at gold, he thinks, and have more faith in that than they do the U.S. dollar at this point. CNBC's Becky Quick. The White House announced that the government's taken a stake in Minerals Explorer Trilogy Metals. Its shares popped 250% in early trading today. Major retailers kickstarting the holiday shopping season. Amazon Prime started its holiday sale today with a

its prime big deal days ending tomorrow night. The sale includes a discounted prime membership offer. Target and Coles of each already started their sales. Walmart starts its sale tonight. On this national Taco Tuesday, Yum Brands owned Taco Bell has $1 soft chicken tacos for customers using the app. Jessica Eddinger, CNBC. Celebrating 30 years of Squatbox and streaming on CNBC Plus.