CNBC Business News Update - Market Open: Stocks Mixed, S&P 500 Index Hits Intraday Record, GM Results Show Tariff Related Margin Hit 7/22/25

Episode Date: July 22, 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 Edinger CNBC Wall Street is mixed this morning. The S&P 500 index in the NASDAQ each just about record highs. The Dow's in the green up 59 points being led higher by shares of Merck. They're up one and a half percent. The S&P 500 index up three points. The NASDAQ pulling back down 26 points. Nvidia shares are down one.5% this morning. We're watching shares of Google parent alphabet today.

It's on pace for a 10th straight day of gains. But out of the gate, Google was slightly lower. General Motors beat earnings estimates for the last quarter. It's trying to handle the Trump tariffs to try to keep its vehicles competitively priced. GM makes some of its models outside of the U.S. When it comes to General Motors, when it comes to Ford, North America is the profit driver. And because you have a 25 percent tariff on vehicles built in Canada and in Mexico, a certain amount can be offset because of USMCA, but not all of it.

And that's where you see the impact on margin. They have to eat it. 6.1% margin in North America versus 10.9% last year. They're clearly eating it. I mean, that's the story right there. CNBC's Phil LeBeau. Coca-Cola earnings beat estimates. Strong demand in Europe offset weakness elsewhere,

including in North America, where soda sales dropped. Now the company says it will offer a version of Coca-Cola made with cane sugar. President Trump said last week he had spoken with a company about using real cane sugar instead of high fructose corn syrup in its drinks. Coke will still make soda with that corn syrup. Well, I just think that Coca-Cola was actually good. They have a problem, tariff problem. Was it perfect?

No. They have a problem. Look, everyone, they have a problem with aluminum, tariff problem. CNBC Mad Money host Jim Cramer. Meantime, Costco beginning the switch to Coca-Cola products in its U.S. food courts this month. While Canadian locations will still offer Pepsi. This is according to USA Today. Costco plans to open four new locations

in the U.S. next month. Starbucks says pumpkin spice lattes will be back in stores five weeks from today, signaling for some the start of fall. YouTube says it's deleted thousands of propaganda channels linked to Russia, China and other countries messaging the US population. It's a quarterly clean out, but new channels pop up again. McDonald's with a new value

meal item today. The Daily Double Cheeseburger goes on that menu. It's only been available in limited locations, but the sandwich will be available nationwide for the rest of the year. And it's Pizza Hut, $2 Tuesday today, personal pan pizzas, two bucks each, a limit of four per person through the app or in the store. Jessica Edinger, CNBC. Wednesday, August 6th. Join CNBC's virtual small business playbook event, Real World Insights on navigating volatility and seizing opportunity.

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