CNBC Business News Update - Market Open: Stocks Mixed, Intel Shares Jump On SoftBank Investment, Home Depot Shares Pop Even With Disappointing Results 8/19/25

Episode Date: August 19, 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 is mixed out of the gate this morning. The Dow is popping up 168 points. Three-tenths of a percent led higher by shares of Home Depot, which are up more than 4 percent this morning. The S&P 500 index down five points. The NASDAQ down 110 points a half percent. Envidia shares are down almost 1 percent this morning. Intel, which has been struggling trying to make better chips for higher-end uses, its shares jumped onward that SoftBank will make a roughly $2 billion investment in the company. And the Trump administration's reportedly been considering making a government investment in the chipmaker. Here's Commerce Secretary Howard Lutnik on that with CNBC's David Faber. Mr. Secretary, how do you view then the chipsack funds that have yet to be

committed but have been promised? And the idea that that might be then converted to an equity stake. Is that how we should view it, that ultimately that's what you're talking to Intel about right now? Yes. Yes. I mean, America should get the benefit of the bargain. I mean, that is exactly Donald Trump's perspective, which is why are we giving a company worth a hundred billion dollars this kind of money? What are in it for the American taxpayer? And the answer Donald Trump has is we should get an equity stake for our money. Commerce Secretary Howard Lutnik on CNBC. Home Depot out with disappointing quarterly results for the second straight quarter. Consumers have been pulling back some of their spending, but they've held their outlook steady for the year.

Home Depot has been sideways for four years. Sideway sales, sideways earnings, basically sideways in the stock. It's not that far off. It's late 2021 high. But it shows you that Home Depot effectively saying we're controlling what we can control. It's maintained its valuation, even though it really doesn't buy back stock the way it used to. So it's kind of a steady and weight, and we're going to be well positioned once rates cooperate, maybe once we kind of unleash some of the pent-up, you know, demand for housing and renovation.

That's the way that they're playing it. The street seems mostly receptive. CNBC's Mike Santoli. The insurance industry watching as the eastern seaboard is bracing for the outer band effects of Hurricane Aaron. With North Carolina's Outer Banks Hatteras Island already evacuated, the dangerous rip currents have shore towns from the Carolinas up north to Cape Cod, keeping swimmers out of the water and warning people during a big summer vacation week. Best Buy, launching a third-party marketplace, allowing outside businesses to sell under that

Best Buy.com banner. It's taking a page out of the Amazon and Walmart Playbooks, which now have robust online advertising businesses that go along with those marketplaces. The FTC is suing a ticket seller. It says used bots and multiple fake ticket master. accounts to buy up Taylor Swift and Bruce Springsteen tickets only to resell them at highly inflated prices. Baltimore-based Key Investment Group is accused of buying nearly 400,000 tickets for various shows for nearly $57 million than reselling most of the tickets, raking in $7 million in profit over a 13-month period. This is according to deadline. Trader Joe's will have mini canvas tote bags again this fall. USA Today says the bags that went viral this past spring

as a must have will cost $2.99. KFC has potato wedges back on menus today after five years. Jessica Eddinger, CNBC. CNBC is the network for ambitious people.