CNBC Business News Update - Market Open: Stocks Open Higher, McDonald's Beats Estimates, Snap Shares Tumble 8/6/25

Episode Date: August 6, 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 Jill Schneider

I'm Jill Schneider, CNBC. Stock's opening higher across the board on this Wednesday, as investors analyze the latest batch of corporate earnings. The Dow is up 25 points, the S&P 500, up 13, the NASDAQ higher by 75. Among the winners, McDonald's jumping 3% after the fast food giant beat the street's estimates on the top and bottom lines for the second quarter. Same store sales also marked the chain's largest gain in almost. two years. Arista networks rallied 11% on a stronger than expected report. On the flip side,

Snap shares tumbled 18% after revenue came in slightly below expectations, while AMD fell about 6% after posting adjusted earnings per share that missed estimates. Uber met earnings expectations and beat estimates for revenues. The ride-hailing company also okayed a $20 billion share repurchase program. Disney dipped about a percent after posting mixed quarterly results for its fiscal third quarter. The media and entertainment giant beat on earnings but came in below expectations for revenue. Minneapolis Fed President Neil Cash Carey says the data he sees indicates the economy is slowing. Housing services inflation is gently declining. Non-housing services inflation is coming down. Wage growth is coming down. We've seen the jobs number and consumer

spending is cooling. All of that suggests the real underlying economy is slowing. I've got confidence that is happening. The part that I don't have confidence yet is what are the ultimate effects of tariffs going to be on inflation? And what I'm realizing is we may not know the answer to that for quarters or a year or more. He spoke with CNBC in Aspen. Jill Schneider, CNBC.