CNBC Business News Update - Market Open: Stocks Higher, US-China Trade Talks On In London, Broadway Theater Marks Record Setting Season 6/9/25

Episode Date: June 9, 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 higher out of the gate this morning. Trade talks are on in London between the U.S. and China. The Dow is up seven points. The S&P 500 index up six. The NASDAQ up 46 points. That's a quarter percent. Nvidia shares are popping up one and a half percent out of the gate. The S&P 500 index is only about three percent away from its record high. China's exports just had their sharpest drop in more than

five years. That was the pandemic. CNBC's Julianna Tittlebaum is in London with more on trade talks. All eyes are on London with U.S. and Chinese officials coming together to resume those trade talks after the trade breakthrough that we had in Geneva. Since that trade breakthrough, relations have deteriorated with both sides accusing the other of breaking that agreement. This time around, Howard Lutnick, the U.S. Commerce Secretary, will also be joining the discussions. Lutnick has oversight over export controls for the U.S. administration, and this is where the focus is expected to be. The US wants to see more rare earth metals

exported from China, and China wants to see more chips, advanced semiconductor technologies exported from the US. Investors are not only watching trade talks with China, they're waiting for the latest on inflation that's coming on Wednesday. We've had pretty good inflation data in the US over the last couple of months.

It really hasn't shown much, if any, real impact from the tariffs. But going forward, we think the inflation data is going to start to pick up. If I look at Morgan Stanley's forecast in the U.S., we have the inflation data kind of continuing to steadily rise over the summer into the third quarter. I think this inflation report and really the next couple are gonna be really important. Morgan Stanley's Andrew Sheets on CNBC. Warner Brothers Discovery splitting into two public companies

next year. One will hold the movie studio and the streaming business like HBO Max. The other will hold its networks, including CNN, TNT Sports and Discovery. Robinhood shares were lower. It failed to be admitted into the S&P 500 index. The company hit a string of record high closes

last week on those hopes. Watch Tesla shares this week. The CEO, Elon Musk, appears to be backing off the feud with President Trump. Elon Musk, he appears to have deleted some of his more inflammatory posts about President Trump on social platform X over the weekend. And that was, of course, following last week's

very public feud with the commander in chief. And among the posts that are no longer available are once tying Trump to Jeffrey Epstein and calls for Trump to be impeached and replaced by Vice President J.D. Vance. And the president telling NBC News he assumes his relationship with Musk is over. CNBC's Sylvanna Hanau. Apple's annual worldwide developers conference is on today.

In a normal year, Apple would use that to announce new hardware and software, but investors aren't expecting much this year. Lowe's is expanding. USA Today says the home improvement chain plans to open as many as 15 new stores starting next year every year. This year, new locations have already opened in Texas and Arizona. Las Vegas Casino is doing something that has customers' attention. They're charging fees that hotels everywhere now charge. But for years, casinos made it super easy and frictionless for people to come and gamble. Now, many casinos on the Vegas Strip are charging parking fees, resort fees, early check-in fees, and more.

Broadway Theatre marked a record-setting season last night with the Tony Awards. Best New Musical was Maybe Happy Ending, and Best Revival was Sunset Boulevard. Jessica Ettinger, CNBC.