CNBC Business News Update - Market Open: Stocks Mixed, Fed Interest Rate Announcement At 2pm ET, ADP Says More Jobs Created In June 7/30/25

Episode Date: July 30, 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. Mixed markets on Wall Street this morning. Investors waiting for an interest rate decision by the Fed. 2 p.m. Eastern. Many believe the Fed will just hold rates steady. There could be commentary talking about a possible future rate cut, though. The Dow is down three points. The S&P 500 index up seven points. The Nasdaq up 52 points this morning. Nvidia shares are up 1%. President Trump posting that products coming into the U.S. from India will carry a 25% tariff. Many companies have just moved manufacturing to India,

including Apple. CNBC Med Money host Jim Cramer noting three big name companies have reported quarterly results that show the U.S. consumer is getting weaker because of tariffs which are driving up prices. UPS, Stanley, Black and Decker, Whirlpool, they form a trio of well-known household companies that tell me this economy might be substantially softer than we think, at least in part when it it comes to consumer and some heavily tariff businesses. These companies are experiencing the true worries we had about the tariffs while they were being slapped on earlier this year.

It's entirely possible that the negative effects are one time only and will go away as we get more trade deals. Right now we're in the thick of it. You know what? It just doesn't feel good. And honestly, it's hard to dismiss them as one off when even fintech giant PayPal revealed slower growth in payments, blaming tariff fears. CNBC's Jim Cramer. Others, though, say prices have not gone up.

So the academics have predicted that prices would go up as a result of these tariffs, but they kind of haven't. And so we're all waiting for the shoe to drop, but maybe it's not gonna drop. That's real estate developer, Richard Lefrak on CNBC. Procter and Gamble, which makes Charmin, Pampers, and Tide and more consumer products is raising prices. P&G said on its earnings call, it's taking a billion dollar profit hit because of tariffs.

So it's raising prices next month on about a quarter of the items it makes. Other companies raising prices because of tariffs include Walmart, Best Buy and Nike. Economic growth came in higher in the second quarter. The first read on second quarter GDP, gross domestic product, came in at a strong 3 percent, the biggest increase since the third quarter of last year. More jobs than expected were created in June in the ADP private payrolls report. Beat on the ADP number here, 104,000 versus 64,000 estimate. The good sector doing what it's been doing about plus 31,000. Service sector 74,000.

Small business back in the game here, plus 12,000 had been down the prior two months. CNBC senior economics reporter Steve Leesman, we get the government's big June employment report on Friday morning. Starbucks trying to boost sales with new protein drinks and other beverages and better customer service. It's coming off another quarter of disappointing results.

Same store sales have dropped six quarters in a row now, but one investor's optimistic. There's no denying that the numbers are still tough here, but what suggests that it's ahead of schedule, you have a CEO who's very good at testing things, he's accelerating the rollout of this new operating model. I think that suggests that what they've seen in test scores is very positive.

So they're pushing very aggressively with that. We do expect it to drive substantial improvement next year. Morgan Stanley's Brian Harbor on CNBC. Netflix says Adam Sandler's Happy Gilmore 2 now holds the title of biggest U.S. opening weekend of all time for any Netflix movie. Jessica Edingerer CNBC.