CNBC Business News Update - Market Open: Stocks Mixed, Gold At Record High, Coffee Prices Jump To Highest Since May, Apple Product Event Today 9/9/25

Episode Date: September 9, 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, mixed with the Dow and the Red by two points. Sherwin-Williams shares leading it lower. They're down almost 2% this morning. The S&P 500 index up five points. The NASDAQ up 30 points, building on the record high it opened with. NVIDIA shares up about a half percent out of the gate this morning. Investors are waiting for a fresh read on inflation, and there are whispers on Wall Street that the August 9th, numbers might not be so terrible. We get data tomorrow and on Thursday. Investors also on hold for a possible interest rate cut by the Fed next week. Gold closed at a record high again yesterday. Some investors are trying to diversify and hedge against what they see as possible trouble for

the economy. What the market is saying is that, look, the Fed is going to come in. It's going to provide that additional support to the economy, and you should see this continued economic growth, which should lean to continued earnings gains and therefore keep pushing up the market. So that's what the market is pricing in. But you can see, as you've pointed out, gold is at a record high. So there's a much, much bigger risk scenario out there after that labor market report with more and more people starting to say, could we be looking at potential recession for next year? Principal assets, Seema Shah on CNBC.

Coffee just hit its highest since last May as tariffs and bad weather impact that commodity. Meantime, the CEO of Starbucks, Brian Nichols, been on the job for one full year now. He's trying to turn that company around. He spoke with CNBC's Kate Rogers. Right now, Nichols says the consumer is giving mixed signals, but is responding positively to the company's changes. We're seeing a lot of different signals from the consumer. And I think you're hearing that as other people talk about what's going on. You know, there are a lot of signals where they're hanging there just fine.

And then you see other places where there is some trepidation about potentially what could happen in the future. And as for pricing, Nicol says he likes the company's value proposition right now. Starbucks CEO Brian Nicol on CNBC with Kate Rogers. Prices at the pump have been climbing. AAA says the national average for a gallon of regular up five cents now over a month ago. Sitting at about $3.20 a gallon today. Apple's biggest event of the year is today. A new super thin iPhone is expected, but not much with AI yet. This is definitely. The opposite of a super cycle, you know, one of those years where some hardware change really excites everybody. The design looks different. There's something like 5G. Remember 5G was introduced

in 2020 and we just saw sales jump dramatically. This year, you know, the big thing might be a thinner, lighter weight, air version of the iPhone, which I think will appeal to some people, but because of its performance capabilities isn't going to like draw everybody out around the world in a super excited level. The Wall Street Journal's Tim Higgins on CNBC. Fox Corporation shares were higher on news that Lachlan Murdoch will take control of the business and his less conservative leaning siblings will have no oversight and will make no changes in it. Ticket reseller Stubbhub, getting ready to issue shares to the public for the first time. Stubbubb said in a filing that the stock will price in a range of $22 to $25 a share.

Con Agra's Slim Jim, teaming up with Buffalo Wild Wings. They're going to sell chicken sticks and various flavors in stores. Dried meat sticks are a growing snack category, according to Food Dive. I'm Jessica Eddinger, CNBC. Celebrating 30 years of Squatbox and streaming on CNBC Plus.