CNBC Business News Update - Market Open: Stocks Slide Ahead Of Fed Announcement, Labor Costs Rise Less Than Expected, GE Vernova Powers Ahead 12-20-2025

Episode Date: December 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 Shack now, CNBC. Stocks are little changed in early trading as investors wait for the latest rate decision and policy statement from the Federal Reserve. That will happen at 2 p.m. Eastern Time, followed 30 minutes later by Fed Chairman Jerome Powell's news conference. Investors expect the Fed to cut benchmark rates by a quarter point. The Dow down 55 points had 47,49. The S&P 500 down 7.5 points are a tenth of 1 percent, and the NASDAQ sliding 3 tenths of a percent or 71 points. U.S. labor costs rose 8 tenths of a percent during the third quarter, slightly less than expected. Labor costs were up three and a half percent in the 12 months through September. Pet Products retailer Chewy reported better than expected profit for the third

quarter, although it issued a tepid outlook for the current quarter. Nonetheless, Chewy shares are up nearly 7 percent this morning. GE Vernova is up more than 10 percent after the energy and power delivery company boosted its long-term financial outlook and shares of Cracker Barrel are sliding about 4% after the restaurant chain's quarterly sales missed Wall Street forecasts. Peter Shack now, CNBC. You come to my show and you learn how to do stops.

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