CNBC Business News Update - Market Open: Stocks Open Lower, JPMorgan CEO Sounds Note of Caution, Energy Secretary Not Worried About Falling Oil Prices 4-11-25

Episode Date: April 11, 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. Stocks opening lower on this final day of what has been a volatile week on Wall Street. Tariff fears remain at the forefront of investors' minds. Shares of JPMorgan Chase rose more than 2 percent after the bank's first quarter revenue topped Wall Street estimates. But while CEO Jamie Dimon touted his company's solid results, he also struck a note of caution, saying the economy is facing quote, considerable turbulence. Morgan Stanley rose more than 3% after it's better than expected first quarter earnings

results. U.S. Energy Secretary Chris Wright says he's not worried about falling oil prices and their impact on America's shale oil industry, stressing that the coming years would be a time of energy abundance. oil industry, stressing that the coming years would be a time of energy abundance, right telling CNBC the U.S. shale industry is going to, quote, survive and thrive. Oil prices have come under pressure amid lower global demand, mounting uncertainty over tariffs, and greater supply on the market. Jill Schneider, CNBC. CNBC's Spotlight delivers the best videos of the day. Write to your inbox. Top stories, key highlights,

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