CNBC Business News Update - Market Open: Stocks Lower, Ten Year Treasury Above 4.5% Making Bonds Attractive, Walmart With Price Increase Warning 5/15/25

Episode Date: May 15, 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 by CNBC's Jessica Ettinger.

I'm Jessica Edinger CNBC Wall Street is pulling back out of the gate today the Dow down 177 points almost a half percent. United Health shares tanking 16 percent today dragging that Dow lower the S&P 500 index down 22 points three tenths of a percent. The NASDAQ down 121 points. That's more than one half of one percent. Nvidia shares are down more than one percent this morning. Bond yields are going up making bonds more attractive for investors as they move money out of riskier assets like stocks. The yield on the 10-year Treasury crossing that four and a half percent mark it's a significant level. Market technologists are saying recent highs may have been a bear market rebound. They're calling for fresh lows for stocks. Here's

CNBC's Joe Kernan with a market strategist. Some people that are pretty smart are saying we go to new lows. Steve Cohen just yesterday saying that. Is it petering out here, this rebound? I think we're close. We've obviously seen a very massive relief rally and it's been broad based and yet within the next week or so we are expecting

signs of short term upside exhaustion. So the areas that have exhibited upside leadership during the relief rally should now flip very quickly to exhibiting downside leadership. So we are in that camp where we could see a new low relative to the April low. Fair lead strategies, Katie Stockton on CNBC

with Squawk Box anchor Joe Kernan. Walmart's CFO says price increase likely coming later this month from the Trump tariffs, which they say are still too high. Here's CNBC's Carl Quintanilla with Joe Kernan and David Faber. CFO tells CNBC the tariffs are still too high. And as a result, price hikes could begin later this month. Jim told Courtney Reagan, these tariffs, the magnitude is more than any retailer can absorb

more than any supplier can absorb. They have a very conservative management team. If they're complaining, can you imagine what the other guys are looking like? I mean, they're going to be able to hold the line better than anyone, with the possible exception of Costco. Fact is, is that if anyone can hold the prices down, it's going to be Walmart. Absolutely true. Hopefully down more than everybody else.

Absolutely true. Dick's Sporting Goods Buying Foot Locker. Plans to run it as a separate company, Dickix would corner the Nike market in the U.S. T.D. Cowan is downgrading Dix, calling it a strategic mistake. Coinbase, a company newly being added to the S&P 500, now says hackers bribed its staff, stole customer data and are demanding 20 million dollars ransom. The second golf major of the year is on today. Round one of the PGA Championship in Charlotte, North Carolina.

Jessica Edinger, CNBC. You come to my show and you learn how to do stocks. Mad Money, weeknight 6 Eastern, CNBC.