CNBC Business News Update - Market Open: Stocks Mixed Ahead Of Inflation Data Tomorrow, Bitcoin Back Above 120K, Chipmakers May Pay Portion Of Profits To US Government 8/11/25

Episode Date: August 11, 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 Eddinger. CNBC, Wall Street on hold for key inflation data coming tomorrow. And the major averages are mixed this morning. The Dow is down 18 points. Apple shares leading it lower. They're down a little more than 1% this morning. The S&P 500 index up for the NASDAX, up 16. Invidia shares are in the green by about a third of a percent. Bitcoin popped back up above 120,000. That's a big increase for Bitcoin prices. They were trading just around $114,000 as recently as the beginning of this month, August 1st. Bitcoin prices, remember, 123 and change is the record high that we saw back in mid-July. We're at 121 right now.

That's CNBC's Dominic Chu. Earning season slows a bit this week after a fast and furious load of reports. This week we hear from Cisco Systems, fast casual restaurant chain Cava, and tractor maker deer. By Friday, we're going to get the latest. retail sales report plus a fresh read on consumer confidence. NVIDIA and AMD paying 15% of their revenue from chip sales to China to the U.S. government. According to reports in the New York Times and the Financial Times.

What this means for government involvement in American business. So the president wants a piece of it? I don't know. Why shouldn't the country get some of it? It is a new way. The Greigip piece in the journal, which I thought was, you know, he's writing really interesting things. and just talking about we are moving closer to China than China moving closer to us.

It's state-run capitalism. At what point are we going to get to the point where the government is seen as a better allocator of capital than the March? That's already happening. That's what the Chips Act was, right? Well, the Chipped Act was with carrots. These are with sticks. Right.

And he's telling American business where they should invest, who they should have as a CEO, and where to send the check for a cut of the profits. A little aggressive. That's CNBC's Carl Kintania, with Jim. Faber and Mad Money host Jim Kramer. The tariff pause between the U.S. and China expected to expire tomorrow, but Commerce Secretary Howard Lutnik has suggested the deadline could be pushed. Paramount buying the rights to UFC for $7.7 billion for seven years. It's the first major move after its merger with Skydance. UFC fights will be free on Paramount Plus and select events

will be on CBS. As Tesla car sales slump in Europe, Tesla is looking for growth as a power company. Tesla has launched a bid to supply electricity to businesses and households in the United Kingdom.

Elon Musk's company formally submitted a request for an electricity license to regulate to off gem last month. If approved, Tesla could enter the UK energy market as soon as next year.

And for more on that story, head online to CNBC. at CNBC's Steve Sedgwick in London. Warner Brothers owned New Lines Weapons won the weekend box office with a $42 million take. It's a big win for the horror genre as Summer Ween continues to take hold. Disney's Freakier Friday beat expectations to come in second. It was the top August opening ever for a PG-rated movie. Yahoo-owned AOL will end dial-up internet service. Company deciding to ditch the service, which was massively popular back in the 90s and early 2000s. AOL is now part of Yahoo. It said the dial-ups last day will be September 30th. That's CNBC's Andrew Ross Sorkin. Jessica Eddinger, CNBC.

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