CNBC Business News Update - Market Open: Stocks Lower, Government Shutdown Is On, ADP Negative Private Sector Job Growth In September 10/1/25

Episode Date: October 1, 2025

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I'm Jessica Eddinger, CNBC. The government has shut down for the first time since President Trump's first term when the government stopped operating for 35 days. Wall Street in the red this morning, but just modestly, the Dow is down 28 points. Walmart shares leading it lower. They're down 2% out of the gate this morning. The S&P 500 index down 14. The NASDAQ down 59 points. InVIDIA shares are down. 8 tenths of 1%. With the shutdown, health care seems to be a central issue. Democrats wouldn't commit to voting to passing a bill to temporarily keep the government open unless Republicans agree to extend Affordable Care Tax Act subsidies and reverse the cuts to Medicaid that are in the big, beautiful bill. Prediction markets see the shutdown lasting as long as two weeks, but airports

are open today. Mail is being delivered. Two big economic reports. reports will likely be delayed. The Labor Department's September jobs report, which was supposed to be out this Friday, and the next inflation report. So far for the year on this first day of fourth quarter and October trading, the Dow is up 9 percent, year to date. The S&P 500 index up 13 percent. The NASDAQ is up 17 percent. Historically, we've had 20 shutdowns. When we look at during the actual shutdowns, the S&P has been flat. Doesn't mean there's not variation. doesn't mean there's not volatility, but it tends to be short-term. So from our portfolio standpoint, we don't want to make any real drastic changes based on this.

I think at the end of the day, in two weeks, earning season starts again, and that will be the north star of the market as it has been all year. Truists, Keith Lerner on CNBC. We did get some jobs data this morning. Private sector employment lost 32,000 jobs in September in the new ADP employment report. That's the biggest drop since March of 2023. Here is a take from CNBC Med Money host Jim Kramer and Carl Kintanilla. The shutdown tariffs, the ICE deportations.

Is it a wonder that ADP goes negative? No, not at all. I was just thinking about ConAgris reported today. The tariffs had a pretty big chunk to their inflation number. In the inflation number for food, we've had like 20 years with inflation in the last five years. Everyone is hurting from so many different things that it doesn't surprise me that people are circumspective. hiring. ADP says small business lost 40K. I know. Leisure down 19. First negative print on construction ADP since 20, 21. FIFA World Cup tickets went on sale today. And other than the host

nations, U.S. Canada and Mexico, nobody has any idea where or when they'll be playing. Fans had to enter a lottery to be allowed to buy tickets today. Emails are going out to those selected. Walmart will get synthetic dyes out of its food brands. Those brands include market side, better goods, and great value. The retailer has set a full implementation deadline of January 2027. It also pledged to eliminate 30 other ingredients, including certain preservatives, artificial sweeteners, and fat substitutes. Walmart says that 90% of its store brand food items are already free of artificial colors. CNBC's Becky Quick. Carnival-owned Holland America Cruise Line will have its first float ever this year in the Macy's Thanksgiving Day Parade.

It's marking 80 years of sailing to Alaska since before it was a state. Wendy's added Wendy's Tendies to menus nationwide, chicken tenders with a catchy name and a variety of dipping sauces. Crox Shoes denounced its next collaboration for the plastic clogs. This time it's with M&Ms. Jessica Eddinger, CNBC. CNBC is the network for ambitious people.