CNBC Business News Update - Market Open: Stocks Rally, Investors Believe Tariffs ARE Negotiable, Some Republicans Frustrated 4/8/25

Episode Date: April 8, 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 Eddinger CNBC Wall Street rallies this morning out of the bell after three days of turmoil in the markets. Violent swings for stocks on conflicting tariff headlines. But today it's all green. The Dow up 1093 points. That's almost 3% being led higher by shares of United Health up 6.5%. The S&P 500 index up 145 points, that's almost 3%. The Nasdaq up 488 points, more than 3%.

Nvidia shares soaring, they're up 5.5% this morning. We think there's gonna be more volatility to come, but we would not be an advocate for going to cash. We think that investors should have a balanced portfolio, a diversified portfolio, and that's really served them well throughout this regions. Alan McKnight on CNBC investors like that President Trump says he's open to negotiations over tariffs. But the president also said no pause will be taking place, keeping the level of

global market uncertainty high. Even Republicans are frustrated. Here's Kentucky Republican Senator Rand Paul with CNBC's Joe Kernan this morning. How did the Republican Party get here, Senator? Uh, how did we all get here? I mean, the whole debate is so fundamentally backwards and upside down, it's based on a fallacy. And the fallacy is this,

that somehow when you trade with someone, there's a loser and someone's taking advantage of you and China's ripping you off or Japan's ripping you off. It's absolutely a fallacy. Every trade that occurs in the marketplace is mutually beneficial. If you have a free society and I trade with you, if you want to sell me your coat and I give you $200 for it, we both agree to it and we're both happy with the trade. Kentucky GOP Senator Rand Paul on CNBC. Meantime China says it'll fight to the end over tariffs created by President Trump and Treasury Secretary Scott Besson says China's escalation is a big mistake and that country is playing with a losing hand.

Watch gun manufacturer stocks today. The Trump administration working to roll back an array of gun control measures. Boeing reached a settlement with the families of two Ethiopian crash victims, according to the Seattle Times. times. Two almost brand new Boeing 737 Max jets crashed in 2018 and 2019, killing nearly 350. Johnsonville recalling more than 20,000 pounds of cheddar flavored bratwurst after customers reported finding hard plastic inside. The brats were sold in 10 states, according to USA Today. Apple shares plunged nearly 20% in the past three days. The company's worst three day

performance in 24 years. That's according to Goldman Sachs. Stock was was down 15% off its highs even before you know kind of Trump's tariff announcement last week. So slowing innovation, specially around the product side of things and then kind of just AI

intelligence Apple intelligence has just been a dud. That's Wed Bush's Joe Kalina on CNBC. Apple shares today up 3% Kentucky's famous Buffalo Trace Distillery temporarily closed because of deadly flooding. Mega millions cost you more for a ticket today. Now $5 to play up from two bucks. The game made changes to promise bigger jackpots and more winners. Powerball, though, up from $2. The game made changes to promise bigger jackpots and more winners. Powerball though, is still $2. And it's Ben and Jerry's free cone day today.

A big annual thank you to its customers at stores nationwide. Jessica Edinger, CNBC. The White House doesn't seem to understand what it's trying to do and the not really reciprocal towers we've got, who do tremendous damage to the U.S. economy. Mad Money, weeknight 6 Eastern, CNBC.