CNBC Business News Update - Market Open: Stocks Mixed, Investors Anticipate Fed Cut Next Week, Tariffs Could Be Hurting The Labor Market 9/12/25

Episode Date: September 12, 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 down 64 points. Boeing shares leading it lower. They're down 1 and a half percent. The S&P 500 index down one point. The NASDAX in the green up 22 points. InVIDIA shares are up about a quarter percent this morning. Investors will get a new read on consumer sentiment from the University of Michigan later on this morning. Legendary investor, Abby Joseph Cohen, now a professor at the Columbia Business School told CNBC, investors need to be aware of an economic slowdown happening. Things have slowed down. We see it in the jobs numbers. We see it in the consumption data as well. And the other place we see it that many people are not talking about is business investment. We basically see that investment in equipment, investment in other categories related to AI had slowed. And the former National Economic Council, advisor in the first Trump administration told CNBC that tariffs may be behind that job market weakness. They're being charged tariffs overnight. Companies are being forced to figure out how to

deal with that conundrum. They can't deal with the input cost. They can't deal with the sales costs. Companies are figuring out that they can be dramatically more efficient and run with less human capital. So we're seeing companies cut down on the amount of employees. Look at the data for Q2. They sold more product with less cost, and that cost wasn't cost. The cost was labor. You see it in unemployment rates. You see it in the jobs numbers.

Look, when you squeeze the tube one place, it's got to come out somewhere else. The job market's weak. Well, the job market's weak because to make the equation work, companies are getting smaller. IBM co-vice chair, Gary Cohn on CNBC. Stock watchers have their eyes on Paramount Skydance, the newly formed companies, preparing a bid to take over Warner Brothers Discovery. This would combine HBO Max and Paramount Plus for streaming and the newsrooms of CNN and CBS.

The CEO of United Airlines says he expects Spirit Airlines to go out of business. It is still flying now in bankruptcy protection. United CEO Scott Kirby said at a meeting that the discount model will fail simply because of math. Adobe Shears were higher on better than expected quarterly results. The weight loss drug boom? resizing clothing racks around the U.S. with the most significant changes now seen in the amount of plus-sized clothing that's showing up in the resale market.

Retail experts tell CNBC fewer extended sizes are on-store racks now. Wigobi and Zepbound are still only used by a small percentage of the U.S. population. Pre-orders begin today for Apple's new iPhone 17, new in theaters, Lions Gates the Long Walk. Focus features Downton Abbey Grand finale and Bleaker Street's Spinal Tap 2 The End continues.

Jessica Edinger, CNBC. Celebrating 30 years of Squat Fox and streaming on CNBC Plus.