CNBC Business News Update - Market Open: Stocks Mixed, Government Shutdown Deal Reached, Weak Jobs Data 11/11/25

Episode Date: November 11, 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. 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 Jessica Eddinger, CNBC. Mixed markets out of the gate this morning. Tech shares are under pressure. Let's start with the Dow. It is in the green up 75 points. The S&P 500 index lower, down 12. The NASDAQ down 103 points this morning. On this Veterans Day banks and the post office are closed. Vets rang the opening bells this morning after Wall Street observed a moment of silence. The Senate passed a bill to end the government shutdown. It heads to the House. Part of it will be for the rest of the fiscal year. Part of it's only until January 30th, but now it goes to the House. Passage there seems very likely, even though House Democrats are whipping against the measure, fiscal hawks in the Republican conference are already calling it a total win. We're expecting to see that vote tomorrow afternoon. But now the race is really on to see if those health care tax credits can be reauthorized before they expire at the end of the year. Senator Gene she was a key part of brokering that deal to end the shutdown in the Senate. She told NBC that the 40-plus

day shutdown has put the health care debate front and center. And if Republicans don't find a path forward, they will pay for it in the midterms. CNBC's Emily Wilkins in Washington. Tariffs could be cut for Switzerland. Both countries are working on a deal. And President Trump hinted at cutting tariffs for Americans bringing goods in from India. Soft Bank has sold its entire stake in NVIDIA for $5.8 billion. SoftBank has cashed out of NVIDIA shares in the past, too. They need the money in part to pay for the commitments that they have made, SoftBank, to Open AI. They're now committed to some, I think it's $22 billion. Now, they've been able to successfully syndicate, I think it's as much as 10 because it was

originally over a $40 billion commitment they have already put some of the money in. Obviously, Open AI has an unquenchable need for capital. CNBC's David Faber and Carl Keentineo with CNBC Mad Money host Jim Kramer in there. A week jobs report from ADP, the four-week moving average of private sector job creation based on its payroll numbers, down 11,000. CNBC has been compiling alternative data while the government data has been stalled in the shutdown. More jobs being slashed at Paramount Skydance as it expects a billion dollars more in post-merger savings. The company owns the Skydance and Paramount Movie Studios now, plus CBS News and TV and cable properties. San Francisco-based Sonder Hotel guests told to get out of their hotel rooms in less than 24 hours,

as the short-term rentals company said it plans to file for bankruptcy. Marriott ending a licensing deal with Sonder, which allowed its rooms to be booked through the Marriott-Bon-voy website. Guests are saying Marriott's not helping. Sonder has properties in 40 major cities worldwide. The mega millions jackpot tonight, pushing a billion dollars at $900 million. Tickets are now $5 a piece. Jessica Eddinger, CNBC. CNBC is the network for ambitious people.