CNBC Business News Update - Market Open: Stocks Lower, Starbucks To Close Stores Amid Restructuring, ByteDance Deal With US Could Be Signed Today 9/25/25

Episode Date: September 25, 2025

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I'm Jessica Eddinger, CNBC. Wall Street's in the red this morning out of the gate. The Dow is down 168 points, 4 tenths of a percent. InVIDIA shares are leading it lower. They're down almost 2% this morning. The S&P 500 index is down 52 points, 8 tenths of a percent. The NASDAQ giving back 264 points more than 1% this morning. Oracle and Nvidia lower. After investors bought up tech shares, Early in the week, Rothschild out with a note on Oracle, giving it a sell rating, saying the market is materially overestimating Oracle's contracted cloud revenues. It sees a 40% stock drop for Oracle ahead. There's two economies. And we got that symbolist piece yesterday, just talked about, that most of the growth since

ChachyPT, it was in this one area. Oh, yeah. The rest of the economy is all for us. And the Goetja has a chart out today. Without tech spending, the U.S. would have been close. close to or in recession earlier this year? I think that's a very important piece, and I think that that should be in everybody's mind so that you can understand why when you get a print of GDP, you don't know how much of this, this growth is very good, is this incredible wave of building.

Right. CNBC Mad Money host Jim Kramer with CNBC's Carl Keentania. Durable goods for August came in up 2.9 percent, the first positive gain since last May. This is a measure of things made to last a long time like washing machines and airplanes. Intel shares were higher earlier on a Bloomberg report that Intel has approached Apple about investing in the chipmaker. The number of people who applied for unemployment benefits last week came in light. 218,000 below expectations, despite fears the labor market is weakening. Starbucks is closing stores and firing workers. It's a $1 billion restructuring. About 100 stores could be closed and about 900 people could lose their jobs.

Starbucks is filing in 8K. The filing says the company assessed its existing store portfolio with respect to both whether its coffee houses had a viable path to offering the physical environment that they feel is consistent with the brand and a clear path to financial performance. It's going to close those coffee houses that do not meet the criteria. 900 layoffs, they did lay off about 1,100 employees, many of them in corporate headquarters earlier this year. So definitely focusing on the stores that are working under this new Back to Starbucks plan.

at CNBC's Kate Rogers. The U.S. set to sign a deal with banned Chinese-owned video clip app TikTok's parent company today. President Trump has expected to sign a deal today. It would facilitate the sale, of course, of the dominant app here in many ways, among certainly a certain demographic. 20% roughly would be owned by ByteDance, which is the parent company. Wow. Bite Dance is going to be very interesting, I think, in the future. Will it go public in Hong Kong?

what will its plan be? You know, some of the investors in Bightens, who've been in there for quite some time, Jim, sort of just sitting around and waiting. This has been one key transaction. It's going to take a little longer for it to close. And again, we're still waiting to hear some of the other names. We've reported on a few.

I don't know. That's President Trump has said Michael Dell. He's also mentioned the Murdox. So we'll see. CNBC's David Faber. I'm Jessica Erringer, CNBC. The president's latest, I swear, is watching. Squawk box.

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