CNBC Business News Update - Market Open: Stocks Mixed, Nvidia Shares Lower Ahead of Earnings Later Today, Kohl's Shares Up On Strong Results 8/27/25

Episode Date: August 27, 2025

I'm Jessica Eddinger, CNBC. Wall Street is mixed out of the gate this morning. The Dow is in the green. It's up 81. Points being led higher by shares of Salesforce. Those are up 1.4%. The S&P 500 index is in the red down two points. The NASDAQ also lower, down 55 points. That's a quarter percent. InVIDIA shares are down 1.4% this morning. InVIDIA reports quarterly results after the closing bell this afternoon. Yeah, S&P 500, pretty much holding new record highs. So you see we're hanging at this up 10% level on a year-to-day basis for the S&P 500. Obviously waiting for Nvidia after the close. It's 8% of the S&P 500. So it can swing the index almost no matter what happens. CNBC's Mike Santoli. Coal shares are higher on better than expected quarterly results after a Bloomberg report yesterday that said the retailer was having trouble paying some of its bills. The Fed has responded to President Trump's attempt to remove a Fed board governor, Lisa Cook, saying that the White House needs cause to fire her. Kroger is firing nearly a

thousand people in a cost-cutting move, it says, after its planned merger with Albertsons was rejected as anti-competitive. Abercrombie and Fitch sales growth slowed in the last quarter, but sales at Super Hot Hollister surged nearly 20%. Lego had record revenue for the first half of this year, boosted by brick, flowers, and cars. OpenAI is being sued by the parents of a teenager who committed suicide, the parents claim, with instruction from the chatbot. OpenAI is rolling out changes to Chad GPT after a lawsuit links the chatbot to a teen suicide. Now, the company says it is working with experts to improve responses in sensitive cases. Parents of a 16-year-old teen are suing, claiming Chad GPT guided him towards suicide methods.

OpenAI did not mention the case directly in its blog post. CNBC's Sylvanaha now. American businesses are now paying more for goods coming into the U.S. from India. As of today, that could get passed on to U.S. consumers. The U.S. is India's single largest export partner. U.S. tariffs will now be 50% on Indian products, including garments, jewelry, furniture, and chemicals stemming from American anger over India's purchases. of Russian oil. It could weigh on American companies who've tried to diversify out of China

and into India and could also push India towards stronger trading relationships with other countries. CNBC's Wilfred Frost. Cracker barrel going back to its old logo with an old man in a chair leaning on a barrel after President Trump and many on social media pushed back against the new modern logo design unveiled about 10 days ago. Companies have jumped on the Taylor Swift Travis Kelsey engagement. Buffalo Wild Wings immediately offered to cater their wedding. Panera Bread posted a photo of a loaf of bread and wrote she said yeast. DoorDash offering 13 off all orders with the Code 13 through tomorrow at midnight Pacific 13 is well known as Taylor Swift's lucky number. Powerball jackpot tonight, $815 million, the seventh largest in the history of that game. Jessica Eddinger, CNBC. CNBC is the network for ambitious people.