CNBC Business News Update - Market Open: Stocks Lower, Investors Wait for Jobs And Inflation Data, Hims & Hers Shares Tank 2/9/26

Episode Date: February 9, 2026

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I'm Jessica Eddinger, CNBC. Wall Street starts this new week of trading in the red. The Dow retreating from its high on Friday, but still above 50,000, at least right out of the gate. It's down 100 points being led lower by shares of Amazon, which are down almost 3%. The S&P 500 index down 12. The NASDAQ is down 90 points. Shares of Nvidia in the green, they're up 8 tenths of 1% this morning. The Dow opened today at 50,115.

You've had this move from tech to cyclicals to a lot of the old economy names, and it is very retro. My line last week was we're selling 21st century companies to buy 19th century businesses, railroads and agriculture and oil and things like that. Now, the Dow is the most retro of the major indexes, as we know, is from the 19th century. The biggest upside contributor to the Dow year to date, that's Caterpillar. It has added about 985 points to the Dow. Obviously, that's in a vacuum. Obviously, all the rest of the stocks have to hold up to get to 50,000. Salesforce and Microsoft together have deducted 1,000 points.

So there's your old economy over new economy type of move. CNBC's Mike Santoli. Investors on hold for some very important data coming this week. The January jobs report will be out Wednesday morning. The latest on inflation with the CPI comes out Friday morning, but it's the jobs numbers that a lot of investors are waiting for. The jobs report is going to be interesting because, again, we did get kind of these three data points that pointed to weakness in the labor market. We at least need to get a little bit more color, you know, kind of what's going on in terms of how weak exactly is the jobs market. RBC's Lori Calvacena on CNBC.

President Donald Trump says it's his economy now in an interview with NBC Nightly News that aired during the Super Bowl. Bull yesterday. The 47th president said the country's already experiencing the Trump economy. Hems and hers shares were tanking this morning. It's facing the Department of Justice referral from the FDA over a copycat compounded version of Novo Nordisk's weight loss drug, semi-glutide in pill form, which Hems and hers has now pulled. Former FDA Commissioner, Dr. Scott Gottlieb, explains. The problem with taking peptides orally is they get broken. down to the stomach by the stomach acid. So you have to encapsulate them in some way that you

get some absorption of the drug. And Novo had this special technology. They had acquired it from a company called Emisphere in, I think, 2020 for $1.8 billion, that allowed about 2% of the drug to get absorbed. And so that technology is patented. So what Hems and Hers said is that they had a different technology using a liposomal formulation. We don't know exactly what that was. That allowed the drug to also be absorbed. Now, if that's true, then this is an unapproved new drug because it's using a new technology to try to get the oral absorption. Seattle Seahawks celebrating with the Super Bowl victory over the New England Patriots last night. The victory parade through the streets of Seattle is set for Wednesday.

Today is National Pizza Day. You'll find some deals and discounts at various chains. Disney's Send Help was number one for the second weekend in a row at the box office. Jessica Eddinger, CNBC. Level up your social games. Scan the code, shop the tag. Tuesday's 9 Eastern, CNBC.