CNBC Business News Update - Market Open: Stocks Surge On Inflation Data, Fed Rate Cut May Be A Slam Dunk, Intel and P&G Rally After Earnings

Episode Date: October 24, 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 starting off the day higher after a cooler than expected reading for the September Consumer Price Index, the Dow adding 241 points at 46,981, the S&P 500, 3 quarters of a percent higher, or about 50 points, and the NASDAQ composite going up by 1 percent or 235 points. Consumer prices rose 3 tenths of a percent last month, slightly less than economists had been predicting. The core rate figured without food and energy rose two-tenths of a percent also less than expected. David's chief economist for developed markets at Nomura says a rate cut at next week's Fed meeting is even more of a slam dunk than

it was before. That's great news for the Fed in terms of their ability to cut in October, which didn't really seem that much in doubt. You've had some people on the Fed who are on the more hawkish side of things who have since September pushed back on what seemed like a dove-a shift. And of course, we haven't gotten very much data since then, of course, but what little data we do have does appear to make it seem like inflation fears were a little bit too high given what we're getting in so far. Shares of Intel are up nearly 6% this morning after the chipmaker posted better than expected earnings, helped by aggressive cost-cutting measures. Another stock on the rise consumer products giant Proctor and gamble up more than 3% after posting upbeat quarterly results. PNG's

Beauty Products Division saw particularly strong results. crude oil a little change today but up about four and a half dollars per barrel this week following the announcement of new sanctions on russian oil producers peter shack now cnbc start streaming go to cnbc.com slash plus