CNBC Business News Update - Market Open: Stocks Lower, Dow Falls From Record, Disney Shares Drop 8% On Mixed Quarterly Results 11/13/25

Episode Date: November 13, 2025

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I'm Jessica Eddinger, CNBC. Wall Street's in the red this morning. The Dow falling from a record high that it opened with. It's down 45 points being led lower by shares of Disney. Out with disappointing quarterly results this morning, Disney shares plunging 8%. The S&P 500 index down 33. The NASDAQ down 215 points. That's almost 1% as some investors rotate out of tech names and video shares. down 2.5% now. The longest government shutdown in history is over with President Trump signing into law, a short-term funding bill last night, although a partial shutdown is possible again at the end of January. Two House Republicans voting to reopen the government. You saw six Democrats that crossed the aisle to join them. And then, of course, as you're seeing there, Donald Trump signing that bill last night. And the government's already telling furloughed employees to come back to work today. all of them will be getting the paychecks that they have missed in back pay over the next few days. CNBC's Emily Wilkins in Washington, 40 million Americans seeing increased health care premiums in the Affordable Care Act starting in January, but the deal does ensure funding for food stamps. Disney shares, as I mentioned, down 8% on mixed quarterly results. The film and TV business are dragging, and the CFO decided to highlight parks and the cruise line, which

might be a little stronger, although Disney's stock is sitting at about where it was 10 years ago. You want to look at a 10-year chart? Should we? It's essentially where we were in 2015. Hugh Johnson, though, was on Squawk this morning and talked about, I think the word again, was a choiceful consumer. Take a listen. Bookings for the first quarter are up 3%. So we feel good that we've got continued momentum there. Number two, per caps, so the amount spending per head at Walt Disney World was up 5% for the quarter. So, again, people are spending. And then number three, cruise ships, despite the fact that we've added a lot of capacity in cruise ships,

we're selling out at the same rate that we had been previously. So that added capacity is filling up quickly. So overall experiences, our consumer is operating in a very healthy way. That's Disney, Chief Financial Officer Hugh Johnston with CNBC's Carl Kintanilla. The White House says labor and inflation data for October will likely never be released because of the shutdown. That'll leave the Fed flying blind to have its next meeting on interest rates next month. Airlines trying to get back to normal as the FAA ordered no more than 6% cancellations as of today. Starbucks Red Cup Day is on as the chain hands out red collectable reusable cups.

While a number of stores across the nation are experiencing the Red Cup rebellion, workers are outside Manning Picket Lines. It's a one-day strike. Jessica Eddinger, CNBC. My name is Josh Brown. The best stocks in the market is very simple. These are stocks with good fundamentals in the process of rise and higher. Join pro for exclusive access to Josh Brown's best stocks in the market at CNBC.com slash best stocks.