CNBC Business News Update - Market Open: Stocks Rebound On End Of Shutdown Hopes, Health Insurer Stocks Fall, Visa and Mastercard Settle With Merchants 11/10/2025

Episode Date: November 10, 2025

The latest in business, financial, and market news and how it impacts your money, reported by CNBC's Peter Schacknow 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 Peter Shacknow's CNBC. Stocks have opened higher as Congress makes progress toward ending the longest government shutdown in history. The Dow jumping 231 points at 47,219, the S&P 500 of 1% or 68 points, and the NASDAQ rebounding by 1.6%, or 374 points. That follows a sell-off last week, stemming both from the shutdown and concern over inflated stock market valuations. But Ed Yardinney, president of Yardinney Research, likes the fact that there's still some worry baked into investor psychology. It looks like we cleaned out some of the bulls last week. But I think this is kind of a buy-in-the-dip market, particularly in AI. There's a lot of nervousness about AI, but that's a good thing.

In the late 1990s, nobody saw the tech wreck really coming. Nobody was really worried about a bubble in the market that I can recall. not the way it is today where everybody seems to be worrying about it. Shares of health insurers are down in early trading after a post by President Trump on Truth Social, in which he said federal funds subsidizing Obamacare plans should be redirected to individuals buying coverage. United Health Care is down 2%. Centine is down nearly 8%. Molina Healthcare is sliding 4%. Tyson Foods is an early winter this morning, up more than 2% after the beef and poultry producer issued a stronger than expected annual revenue forecast.

Visa and MasterCard have announced a revised settlement with merchants who had claimed the companies were charging merchants too much to accept their credit cards. A judge had rejected an earlier $30 billion settlement. The new agreement still needs court approval. Peter Shack now, CNBC. Start streaming. Go to CNBC.com slash plus.