CNBC Business News Update - Market Open: Stocks Mixed After Fed-Fueled Rally, Jobless Claims Jump, Oracle Shares Slide 12-11-2025

Episode Date: December 11, 2025

The latest in business, financial, and markets news and how it impacts your money, reported by CNBC's Peter Schacknow 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 Peter Shack now, CNBC. A mixed open for stocks following yesterday's Fed-fueled rally. The Dow is up 240 points at 48,297, but the S&P 500 is 24 points lower or a third of 1% and the NASDAQ sliding three-quarters of a percent or 172 points. The major averages jumped yesterday after the Fed delivered the expected quarter point rate cut. Kelsey Barrow, fixed income portfolio manager at JPMorgan Asset Management, explains why the market shrugged off potentially hawkish comments from Fed Chair Jerome Powell and a divided Fed that saw three dissents to yesterday's vote. Markets were prepared for something much more hawkish with much more division. And we ended up seeing, I think, a committee that, sure, there's division, but I think in general is still fairly well coordinated. They want to get policy to neutral, and they don't know exactly where neutral is. But they all generally think policy should be in a certain place, and it's about fine-tuning from here.

In a fresh report on the labor market, the government reported $236,000 first-time claims for jobless benefits last week, a jump of $44,000 from the prior week and more than economists had expected. Among stocks on the move this morning, Oracle is slumping 13 and a half percent after quarterly revenue came in below street forecasts, even though bottom-line earnings beat expectations. Coca-Cola CEO James Quincy will step down from his role in. And March, after being in that role since 2017, he'll be succeeded by Coke Chief Operating Officer Henrique Braun. Peter Shack now, CNBC. Week nights.

Let's just own not trade Apple and Nvidia and get loan the real economy stocks from the end of the year, barring something crazy coming out of the White House. Bad Money, Weeknight Six Eastern, and streaming on CNBC Plus.