CNBC Business News Update - Markets Midday: Dow Hits Record, Other Averages Slide, Oracle Pressures Tech Sector, Disney invests In OpenAI 12-11-2025

Episode Date: December 11, 2025

The latest in business, financial, and markets 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. It's a thoroughly mixed stock market today in the follow-up to yesterday's Fed-fueled stock rally. The Dow Jones Industrial average is jumping 561 points to 48,619 and reaching a record high in today's trading. But the S&P 500, a quarter percent lower of 17 points, and the NASDAQ sliding 22 points, or 9 tenths of 1%. Much of the pressure that is on the stock market comes from Oracle, which is down 14% and is the worst performer in the S&P 500. Oracle's quarterly revenue missed estimates and sparked concerns about the software company's ability

to fulfill its more than $300 billion contract backlog. Walt Disney shares are up more than 1% after the company announced a deal to invest a billion dollars in OpenAI and license its copyrighted characters for use in OpenAI's SORA Video Software. Here's Disney CEO Bob Iger. This is a great opportunity for the, company to enable consumers to engage with our characters on what is probably the most modern of technology and media platforms today. But it also is significant because OpenAI is both

respecting and valuing our creativity, both our characters, but also those that have created those characters. Among other stocks on the move, Visa is jumping almost 5%. The credit card network operator was labeled a favorite name for 26 by analysts at Truist. Workers at Starbucks have expanded their month-long strike to 34 more cities, bringing the total to 130 cities and more

than 180 stores. The Workers' Union wants better staffing levels and improved pay. The coffee chain says very few locations have been disrupted by the walkout. Peter Shack now, CNBC. Introducing CNBC Plus, the new streaming platform from the number

one source in business news. Watch live. or on demand. Access any market, anytime, anywhere. Start streaming. Go to cnbc.com slash plus now.