CNBC Business News Update - Market Open: Stocks Mixed, BNY Mellon beats expectations, NY Fed president expresses concerns

Episode Date: April 16, 2026

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 Jill Schneider. 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 Jill Schneider, CNBC. Stocks are mixed in early trading. The Dow up 193 points. The S&P 500 up 11 and the NASDAQ down three. That after the S&P 500 and NASDAQ composite rose to fresh records during Wednesday session. BNY Mellon is out with first quarter results with better than expected earnings and revenue. CEO Robin Vince tells CNBC the bank saw its best sales quarter in its history. So when we look at all of that together, what's driving it?

It's about flows. We've repositioned the company, reimagined over the past three years, deliberately for these types of environments. Among some of the early movers, PepsiCo, the snack and beverage giant, posted first quarter results that beat analyst expectations. PPG industries rose 6% after the paint and coating manufacturing company announced a global price increase of up to 20% across its portfolio. And space tech firm Voyager Technologies jumped 7% after NASA chose it for its seventh private. astronaut mission to the International Space Station. That's expected to launch no earlier than 2028. New York Fed President John Williams is expressing concern about the Iran war's impact on the economy,

saying it's already shown signs of hiking prices and slowing growth. In a speech delivered to bankers in his home district today, Williams noted the conflict has, quote, intensified the uncertainty around national and local conditions. Jill Schneider, CNBC. Get the essential postmarket edge, after hours action and opportunities. Big earnings. All due in the next few minutes. 4 p.m. Eastern, CNBC.