CNBC Business News Update - Market Open: Stocks Lower, Home Depot Disappoints, Bitcoin Drops Below 90k 11/18/25

Episode Date: November 18, 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 and reported by CNBC's Jessica Ettinger. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

I'm Jessica Ettinger, CNBC. Wall Street in the red in late morning trading. The Dow down 563 points, about 1 and a quarter percent. Microsoft shares leading the Dow lower now. Those are down 3.5%. The S&P 500 index down 73 points, 1%. The NASDAQ falling 348 points. That's 1.5%. Shares of Nvidia are down almost 3%. Wall Street appears to be taking some risk off the table ahead of earnings reports from well-known companies like NVIDIA. The AI chipmaker reports results after the closing bell. That happens tomorrow. I guess, you know, the market is sort of in a pause here ahead of NVIDIA. We've gone up nearly 2,000 points from the Liberation Day lows. We've had the longest sustained run over the 50-day moving average for a long period of time. But the Fed really flipped hawkish. Like all of a sudden, it's not a given in December.

The market was had pretty high expectations of a December cut. That's dynamic funds Noah Blackstein on CNBC. Payroll company ADP out with some disappointing data on job creation in the U.S. The company's been releasing some of its data since the government was shut down and no labor department numbers were coming out. But the Bureau of Labor Statistics will release the government's September jobs report the day after tomorrow on Thursday. Here's CNBC senior economics reporter Steve Leesman with today's ADP numbers. ADP come out with this new preliminary report. It gives us the change, the average change over the past four weeks. Minus 2,500, say, for a month's period of time, that'll be minus 10,000.

Clearly, Thursday is the most important data point for six weeks that we've had. But there's preliminary numbers we have from ADP suggesting that there has been weakness. Home Depot blaming the lack of hurricanes that hit the U.S. As part of the reason for disappointing quarterly results, as we mentioned, it's leading the Dow lower. The chain cut its earnings outlook, too, as home improvement demand falls. Bitcoin dipping below 90,000 today is lowest since last April, losing nearly a third of its value from its October high. The pullback is meaningful. You know, Bitcoin down 28%, Ether down 40%.

So, you know, it is notable. and it's not surprising to see it ultimately carry over to other asset classes. Fair leads Katie Stockton on CNBC. The Social Security Cost of Living Adjustment for next year is 2.8%. That means checks will go up 2.8%. But many seniors will never see that. The standard Medicare Part B monthly premium going up by 9.7% on January 1st. And since the premiums are typically deducted from Social Security checks,

millions of older Americans are going to start. the year, struggling before considering increases in food, rent, or energy. I'm Jessica Ettinger, CNBC. You come to my show and you learn how to do stops. Mad Money, Weeknight, Six Eastern, CNBC.