CNBC Business News Update - Market Open: Stocks Higher, Wholesale Inflation Higher Than Expected, Dutch Bros Shares Surge 2/13/25

Episode Date: February 13, 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 Ettinger, CNBC, Wall Street higher even with inflation at the wholesale level coming at hotter than expected in January. And despite the second concerning inflation report in a row yesterday, we found out consumer inflation up for a fourth straight month. But bond yields are ticking lower, helping to push stocks higher. The Dow up 46 points, being led higher by shares of Cisco which are soaring up 6 percent. The S&P 500 index up 13. The Nasdaq is up 111 points. That's a half percent. Nvidia shares this morning up more than one percent. Fewer people applied for unemployment benefits last week than expected and the number is well below the pre-pandemic weekly average of 225,000 people every week applying for benefits. 213,000 that follows a slightly revised 220,000

and the best way to look at this is we haven't been over 250,000 since the first week in October of last year. CNBC's Rick Santelli. Coffee chain Dutch Bros shares surging more than 20% on super strong quarterly results and profit. Ticker symbol BROS. How is it not going to be one of these day trader favorites when the symbol is bros? go. But even at this, with all this earnings momentum, I don't know, 100 times forward earnings. Chipotle never traded there. But Fast Casual happens to be, and Edna Davis Research has a piece on this, one of the strongest micro themes in the market. CNBC's Mike Santoli. Stock trading app Robinhood shares popped up more than 10 percent after stronger than expected revenue in the last quarter. MGM Resorts shares also higher on strong quarterly results. Reddit shares were lower on disappointing user numbers in the last quarter.

Tractor Maker Deer out with strong quarterly results, but it's warning of weakness in the farm sector and shares dropped. Honda and Nissan ended their merger talks, but they say they will continue to collaborate. The duels at Daytona are tonight ahead of Sunday's Daytona 500, and it's Galentine's Day. Jessica Ettinger, CNBC. Team values continuing to soar. The countdown is on.

CNBC Sport official NBA team valuations revealed Friday in Squawk Box.