CNBC Business News Update - Market Open: Stocks Higher, S&P 500 Index Hits Fresh High, Consumer Inflation On Annual Basis Highest Since January 9/11/25

Episode Date: September 11, 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 Eddinger, CNBC. Wall Street's higher this morning on rising inflation and a weakening job market. Investors are betting this will not derail the Fed interest rate cut they're counting on for next week as the economy slows. The S&P 500 index and the NASDAQ each opened at new record highs this morning. The Dow is popping 214 points. Caterpillar shares leading at higher. They're up a little more than 1%. The S&P 500 index up 9%. The NASDAQ is up 49 points this morning, and Videa shares are up 3 tenths of 1%. Markets reacting to the hottest pace of consumer inflation

on an annual basis since January, as Americans' wallets have been increasingly pinched. Here's CNBC Senior Economics Reporter Steve Leesman with the CPI Consumer Price Index numbers. Up 0.4% versus an estimate of 0.3% year-over-year headline 2.9%. right in line. Ex-food and energy, 3.1% right in line. Food was up 0.5%. So some pressure there. Here's CNBC MedMoney host Jim Kramer now, who says there's a chance that producer price increases weren't as bad. And that may at some point trickle down to the consumer, which could ease inflation.

There are some things that shelter went the wrong way. These are intractable things that a lot of people feel. It reminds me, well, this is the high inflation number, everyone's scared of. But the PPI was good. So maybe in the channel, you're going to have some good things. Food at home, grocery prices had their biggest increase in August in several years. And on top of this, more people are losing their jobs. The highest rate of jobless claims in nearly four years. 263,000?

Is that what I'm seeing on initial jobless claims? 263,000. That is the news. 260,000, where is that going to comp to? It equals where we were in June of 23 to find a higher number. You're back to October of 21. CNBC's Rick Santelli. The yield on the 10-year Treasury fell to 4%.

Mortgage rates loosely follow that rate on the 10-year. We could see mortgages take another leg lower by this afternoon, making it slightly easier for would-be buyers. This, of course, means that people with savings in high-yield accounts may be earning less on that money. Kroger's shares were higher on mixed quarterly results. Chewy shares pop. on an analyst upgrade, even after worse than expected quarterly results.

Foreign investment in the U.S. could be impacted by the Trump immigration crackdown, but the White House maintains that foreign investment is welcome as long as it creates jobs for Americans. South Korea's president is warning. Last week's immigration rate at a Hyundai Battery Plan in Georgia, in which more than 300 Korean nationals were detained, could have a, quote, significant impact on future direct investment into the U.S. And this as a chartered plan carrying those workers is reportedly set to depart Georgia for South Korea as soon as today. CNBC's Silvana Hanow.

Chairs of UPS and FedEx were falling as Bank of America downgraded the two shipping companies because President Trump ended the de minimis shipping tariff exemption. Package volume has slowed dramatically. Jessica Eddinger, CNBC. Celebrating 30 years of Squatbox and streaming on CNBC Plus.