CNBC Business News Update - Market Open: Stocks Mixed, Oil Lower, Long Airport Security Lines Continue 3/10/26

Episode Date: March 10, 2026

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. Defense Secretary Pete Hegzeth said today will be the most intense day of strikes against Iran. The Dow falling 32 points. Salesforce shares leading it lower. They're down 2%. The S&P 500 index down 5. The NASDAQ up 20 points this morning. You know, it used to be the two stocks that retail always bought during times of uncertainty were Microsoft.

and Apple. Now the two stocks that people start with, they start with Invidia and then go to Tesla. So I think that they're very surprising to me. That's CBOE's JJ Kinnahan on CNBC. This morning, Nvidia shares are down three-tenths of a percent. Tesla is in the green up 1.3 percent. Oil prices are down, but prices at the pump are still going up. AAA says the national average for a gallon of regular went up again overnight, another four cents a gallon to $3.00. $0.54 cents. Gas at the pump has gone from, you know, $270 up to $3.50. If we stay up at $350, you're going to see some economic impact, and I think people are going to respond. 22V research has Jordi Visser on CNBC. Consumer spending ahead of the surge in gasoline prices was healthy in a new CNBC National Retail Federation Retail Monitor. Ahead of the surge in oil prices. We're spending it a decent clip according to the CNBC NRF retail monitor for February. It's unclear.

oil prices will take away from that discretionary spending, but the monitor, which is powered by real credit card spending data that we get from Affinity Solutions shows total retail up 0.3%. That's a tick better than last month. The NRF saying in its commentary, quote, despite harsh winter weather, consumer spending grew once again in February supported by continued wage gains and overall low unemployment levels. Of course, March is going to be more challenging. That's CNBC Senior Economics Reporter Steve Leesman. Airline shares briefly bounced higher in early trading, but they're all lower at the open. The big three are down by double digits so far this year. That's United, Delta, and American. American Airlines lost

a third of its value so far this year. Meantime airline passengers are enduring longer and longer waits to get through security at some airports around the U.S. TSA workers are unpaid with the Department of Homeland Security unfunded. Many of the workers just are not showing up. I don't think security is going to be sacrificed. Unfortunately, what will be sacrificed will be traveler convenience. So the lines that maybe took 10 minutes, 15 minutes, will now take an hour, an hour and a half because TSA can't compromise the security there at that checkpoint. As the shutdown continues to drag on, unfortunately, you're likely going to see continued lines,

particularly as we get into the heart of spring break here in March. Former acting Homeland Security Secretary and the first Trump administration, Chad Wolf on CNBC. Oracle will report quarterly results after the closing bell today. The tech giant recently became a part owner of TikTok. McDonald's debuts its new Crocs Happy Meals today in a collaboration with the plastic shoemaker. Jessica Eddinger, CNBC. Get your ticket to CNBC Pro Live. Redefine financial success with strategies from some of CNBC's top wealth advisors. Develop a blueprint for wealth with exclusive access to the pros. Get your ticket now at CNBCEvents.com slash wealth for women.