CNBC Business News Update - Market Open: Stocks Mixed, Investors Trying To Shake Off Bad Bank Loan Fears, Amex With Strong Quarterly Results 10/17/25

Episode Date: October 17, 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 and reported 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. Wall Street mixed out of the gate this morning. Investors trying to shake off fears about some bad loans by regional banks, which are coming to the surface. The Dow is in the green up 104 points. American Express leading the Dow higher this morning. It reported strong quarterly results today. Shares of Amex up 3.7 percent. But the S&P 500 index is down 10. points, the NASDAQ down 83 points, and shares of NVIDIA are down about a half percent this morning. Sour loans at Zion's Bank Corp and Western Alliance stirring concern about credit quality in the economy, but investors are breathing a little sigh of relief about that today. Here's a take from CNBC's Sarah Eisen. You know, whenever you have credit worries with the stock market at a record high, maybe, you know, that's not a great thing. And interestingly, a few analysts jumped in this morning, Baird said buy Sions overreaction. We'll see if these are one-offs or not, but generally the report part from the banks, including we got Truist this morning. Huntington is

credit quality is pretty good. Gold hit a fresh intraday all-time high today, $4,392 an ounce. Goldman Sachs sees gold hitting 4,900 next year. The main reason is that the drivers of this huge rally in gold is sticky inflows, both from private investors. with long investment horizons and central banks. We're really seeing significant client interest from real money with long investment horizons, asset managers, pension funds, sovereign wealth funds. Goldman Sachs Dan Stevin on CNBC,

and here comes Silver, also hitting a fresh intraday all-time high today at almost $54. Investors also watching the Trump trade war with China. Treasury Secretary Scott Besant plans to meet with his Chinese counterpart today. chairs of big weight loss drug makers are lower. Eli Lilly and Novo Nordus.

Both shares are down after President Trump suggested that the price of obesity drugs could be, quote, unquote, much lower. Now, Novo Nordus is the maker of obesity drugs like Ozympic and Wigobi. Eli Lilly manufactures, competitors like Maunjaro and Zepbound. Dr. Mehmet Oz, the administrator for the Centers of Medicaid and Medicare services, said that the price of obesity drugs had not yet been negotiated. Dominic Chu. Cleveland cliffs permanently closing its iron ore plant in Stilton, Ohio, early next year, which has been idled since the summer. It's got 500 workers. Small businesses are being crushed by Trump's tariffs. And economists say it's a warning for the economy. CNBC interviewed nearly a dozen small business owners. Many say they've had to freeze hiring, pull back growth plans, and even

take on new loans or cut salaries to keep their businesses afloat. Read the whole piece. At at CNBC.com. U.S. crude oil back at its lowest since last May, $56 a barrel. That'll be good for drivers as prices at the pump are poised to drop. As the U.S. Grand Prix is taking Austin, Texas this weekend, Formula One and Apple announced a five-year deal that will bring all F-1 races to Apple TV streaming in the U.S. Jessica Eddinger, CNBC. CNBC is the network for ambitious people.