CNBC Business News Update Market Open: Stocks Higher, Oil Popped Higher On Iran Strike Fears, Netflix CEO Tells CNBC Why Netflix Will Win The War To Buy WBD 2/18/26
Feb 18, 2026
Morning market movers and early gains for major indexes, with NVIDIA leading the charge. AI's surprise disruptions across software, wealth management and trucking. Oil jumps on heightened Iran strike concerns and political signals. Homebuilding picks up while mortgage applications dip. Netflix argues for clarity in its pursuit of Warner Bros. Discovery amid competing public offers.
AI Snips
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AI Upends Traditional Industry Expectations
- AI is reshaping unexpected industries, causing investors to reassess sectors like software, wealth management, and trucking.
- Marta Norton says this AI disruption theme has surprised many investors and shifted where they look for opportunity.
Geopolitical Risk Lifts Oil Prices
- Oil prices rose on comments that military strikes against Iran are on the table after diplomatic talks faltered.
- Market sensitivity to geopolitical risk remains a key driver for energy volatility, impacting stocks at the open.
Housing Activity Shows Resilience
- Mortgage applications fell week-over-week but stayed above last year's levels while average 30-year rates eased to just above 6%.
- Home builders increased starts and permits in December, signaling improved construction activity despite higher rates earlier.