CNBC Business News Update - Markets Midday: Investors Brace For Fed Announcement, Nvidia Denies Its Chips Are Being Smuggled, Dropbox Shares Fall After CFO Resigns 12-10-2025

Episode Date: December 10, 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. Stocks remain mixed as the Federal Reserve's latest interest rate decision draws closer. The Dow is up by 231 points at 47,791. The S&P, only a little bit above break-even, six points higher than NASDAQ, down two-tenths of a percent or 44 points. When the announcement comes out at 2 p.m. Eastern time, investors expect the Fed to have cut interest rates a quarter point. But policymakers may not be able to provide as much clarity on. their forward outlook as they usually do. Due to the government shutdown, that disrupted data collection,

Diana Peterson is chief economist at the conference board. Right now, we're in the dark when it comes to data, and we don't even know when some of the data are going to be coming out. And so it's very difficult to get a handle on where the economy is right now and where it's going. And so I think lots of people are just hedging their bets and saying, well, worst-case scenario, we get another inflationary story next year because there's so much dissension on the Fed.

Chipmaker NVIDIA is denying a report earlier this week that a Chinese AI startup known as Deepseek was using smuggled NVIDIA chips to develop its new artificial intelligence model. NVIDIA says that it has not seen any substantial evidence that this is in fact happening. NVIDIA shares are down 1.5% today. Shares of file storage company Dropbox are down 4%.

Chief Financial Officer Timothy Regan is stepping down after five years on the job. 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, any time, anywhere. Start streaming. Go to CNBC.com slash plus now.