CNBC Business News Update - Market Open: Stocks Mixed, Gold At All Time High, Investors Cheer Court Ruling On Alphabet 9/3/25

Episode Date: September 3, 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 Evinger, CNBC. Markets are mixed out of the gate this morning on Wall Street. The Dow down 27 points. Boeing shares leading it lower, they're down one and a half percent. The S&P 500 index up 25 points. NASDAQ up 153 points, three quarters of a percent. Shares of NVIDIA are down about a half percent this morning. We did stumble into September yesterday since May, since we came up off that

April low. You really haven't had anything much more than a 3% pullback. So you've kind of held that line at yesterday's lows in the S&P. You were down 2% from the record high. So kind of nothing much to report there. CNBC's Mike Santoli Gold, often a safe haven for investors worried about riskier investments. It hit a new intraday all-time high today of $3,618 an ounce. Fewer people applied for mortgages to buy homes last week. would-be buyers pullback. Watch those Google shares popping higher today. The company avoided a harsh antitrust penalty. Investors celebrating what they see as minimal consequences from an historic defeat last year in the landmark antitrust case that could have forced Alphabet to

sell off the Google Chrome browser. A lot of takes on what this means after being found guilty of monopolistic behavior. Well, look, I have to appreciate the judge. He does a very, very good job, says, okay, I made my decision. And then suddenly there's anthropic, deep seat, Microsoft, Open AI, and perplexity. And they didn't really exist. He had to be flexible because the case was brought before these companies met anything. While he was looking at it, he thought they were monopolist. And then this stuff all comes out. So why break up Alphabet? That would be ridiculous given the fact that Alphabet is no longer going to do as well. host Jim Kramer with CNBC's Carl Kintanilla. Macy's shares higher after better than expected

quarterly results. Total comparable sales, so whole business all in grew 1.9%. That's the best performance in 12 quarters. Now, the Macy's business itself, those comps grew 1.2%. Bloomingdale's up 5.7, Blue Mercury, up 1.2%. I spoke briefly with CEO Tony Spring, who said, tariffs are real, but we have tailwinds. The newer assortment, less redundancy, on our assortment. And now a business that's growing across all three nameplates in our portfolio. Remember, they're going through closing stores. CNBC's Courtney Reagan. Disney paying a $10 million civil penalty for collecting the data of children. While watching its content on YouTube, the data were used to target ads at those children. Variety says the Federal Trade

Commission has assurances that Disney will now comply with the Children's Online Privacy Protection Act. Holiday spending expected to drop this year in a new projection from consulting firm PWC. A 5% drop highlights the struggle Americans are facing paying their current bills and trying to handle rising inflation. Starbucks will offer protein cold foams and lattes in cafes using protein boosted 2% milk starting Monday the 29th of September. Today, McDonald's has its BTS happy meals, tiny tan meals, each with little characters, resembling the members of super hot South Korean boy band BTS. Tonight's

Powerball Jackpot $1.3 billion. Jessica Edringer, CNBC. Football season is back. Exclusive NFL team valuations. September 4th, CNBC.