CNBC Business News Update - Market Open: Stocks Higher, Tariffs May Come In Two Stages, 1 Million Dollar March Madness Bracket Winner 3/25/25

Episode Date: March 25, 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 in the green out of the gate this morning building on yesterday's gains the Dow up 78 points. It's being led higher by shares of Chevron which are up 1 percent. The S&P 500 index up eight points. The NASDAQ is up 15 points. NVIDIA in the red this morning already down 1 percent. The Trump administration looking at a two-step approach to implementing tariffs. This is according to the Financial Times.

The FT says that the White House is looking at launching investigations into trading partners while implementing seldom used emergency powers to apply immediate tariffs in the interim. The report says that those powers could fall under the International Emergency Economic Powers Act, or Section 338 of the Tariff Act of 1930, to hit trading partners with tariffs of up to 50 percent. Again, all of this is kind of in play in motion. We're waiting to see what happens before the day that President Trump himself has set as

D-Day for tariffs, and that would be next Wednesday. CNBC's Becky Quick. India reportedly considering a tariff cut on U.S. goods it imports to try to head off tariffs on its exports to America. Boeing wants to withdraw its guilty plea in the long-running criminal case that blamed the company for deceiving regulators before two deadly crashes of 737 Max jets. This is according to the Wall Street Journal. The crashes occurred outside of the U.S.

and they killed nearly 350 people. If we think that the Justice Department is the same Justice Department as you got with Biden, I think that's, it would wise to think that. Yeah, no, it's definitely a very different Justice Department, without a doubt. Well, that means that. Yeah, no, it's definitely a very different Justice Department without a doubt. Well that means that if I were Boeing, I'd roll the dice. Justice might say, you know what, they've done a lot of good, let's let them out of

it. CNBC Mad Money host Jim Cramer with CNBC's David Faber. The 23andMe bankruptcy filing fueling new privacy fears for people who gave their DNA to the company and whose data breach assisted in its fall. For the first time in nearly 10 years, a Berkshire Hathaway employee claimed Warren Buffett's million dollar grand prize for his company's NCAA bracket contest. An anonymous staffer at Berkshire subsidiary Flight Safety International won by correctly

calling 31 of 32 games. The Oracle of Omaha, Warren Buffett, who's 94 now, was finally able to give out the big prize after relaxing the rules multiple times since the company game started in 2016. Jessica Edinger, CNBC. April 8th, join the CNBC Changemakers Summit featuring powerful women transforming and redefining leadership in the world of business. Request an invite at CNBCevents.com slash Changemakers.