CNBC Business News Update - Market Open: Stocks Mixed, Bitcoin Hits 3 Month Low Of 86k, Home Depot With Solid Results 2/25/25

Episode Date: February 25, 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 Ebinger CNBC. We've got mixed markets out of the gate. Investors focused on geopolitics. President Trump has said tariffs on Canada and Mexico are set to move forward next week. The Dow is in the green. It's up 190 points, almost a half percent led higher by shares of Home Depot, up more than 2 percent this morning. The S&P 500 index up 3 points. The Nasdaq's still in the red, down 66 points. Nvidia shares also lower, down a half percent. Bitcoin has fallen to $86,000, a three-month low. Some investors worried about a billion and a half dollar hack of a different cryptocurrency, Ether, in the crypto platform Babybit, but it rattled investors.

Home Depot earnings beat Wall Street estimates, and it had its best sales comp in months. But investors are still cautious as the real estate market remains slow. OK, so you had a nice, you know, a solid, if you will, earnings beat. Sales did top expectations. This is the first time we've seen a positive compound home depot in a long while. Where my concern, one of the key reasons I'm not recommending home depot now,

despite how much frankly I love this company, so I think it's extraordinarily well-recovered. But my concern is housing. We have this stagnant U.S. housing market. I don't see that unstagnated until we get interest rates significantly lower. Oppenheimer's Brian Nagel on CNBC. Hims and Hers shares soared on the sale of those compounded, un-FDA approved versions

of diabetes and weight loss drugs. But the company shares are going the other way. Since brand name drugs like Ozempic and Wigovia are no longer in short supply, Hymz and Hers says it may have to stop selling the copies. Electric vehicle owners are more satisfied with their cars. The satisfaction that EV owners have in their vehicles actually increased. It was an improvement. Look at this. 94% plan to buy another EV when it comes time for their next vehicle, and just 12% would consider going

back to buying an internal combustion engine vehicle. This is not a surprise. Once you plug in, you have no desire to go back to pumping gas. You're done going to the gas station. CNBC's Phil LeBeau. Apple shareholders expected to reject an attempt to pressure the company to scrap diversity programs. The proposal was drafted by the National Center for Public Policy Research, a conservative think tank. Apple's shareholder meeting is today. Costco also continues to stand by diversity while companies like McDonald's and Walmart

have gotten rid of their programs. 80-year-old crafts retailer, Joanne. Closing all of its stores according to the New York Times. Joanne has been in bankruptcy twice and has 500 stores in the US. Meantime bankrupt retailer Party City says all of its stores will be closed by this Friday. Jessica Edinger CNBC. Get invested. Join the club. The CNBC Investing Club is for everybody. I joined to achieve financial freedom and retirement. Join the club.

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