CNBC Business News Update

Barbara Duran, BD8 Capital representative with market commentary and investment perspective. She frames recent selling as a buying opportunity. Conversation covers a broad market rally and the Dow’s record high. They also discuss Amazon’s cash flow and capex concerns and a heated White House social media controversy.

Markets attempting a midday rebound with major indexes and NVIDIA in focus. A sharp sell-off touches crypto and a startling drop in Amazon shares after a weak quarter. New White House pricing site sparks conversation alongside oil updates, jobs timing, and Olympic coverage notes.

A fast rundown of a broad market sell-off and the S&P 500 slipping into negative territory for the year. Big tech and major indexes suffer sharp declines while Amazon’s after-hours shock fuels profit-taking. Bitcoin tumbles near $64,000, wiping out post-election gains. Reports of weak jobs data, record layoffs, and rising searches for cash advances signal consumer and labor stress.

Carl Quintanilla, CNBC journalist and market co-anchor known for business reporting. He discusses the sharp drop in December job openings and rising layoffs. Short takes on intraday market movers, big tech earnings and AI spending. Also notes consumer strain seen in cash-advance searches.

Markets opened lower as stocks slumped and Bitcoin dipped below $70,000. Reports highlight weakening jobs data, rising layoffs and record job cuts. Tech sector focus on Alphabet's heavy AI spending and its impact. Rising searches for cash advances signal consumer strain.

Market movers and major index shifts set the scene. Chip stocks take a beating with steep drops for NVIDIA and AMD. Big tech earnings and AI spending spur mixed reactions for Alphabet. Investors debate AI-driven disruption in software and sentiment-driven sell-offs. Crypto retreats while oil and gold climb amid geopolitical tension. Labor data and upcoming corporate reports round out the headlines.

Steve Liesman, senior economics reporter tracking jobs and labor trends. David Ricks, CEO of Eli Lilly, on pricing and growth for diabetes and weight-loss drugs. They discuss midday market drops, AI-driven selloffs in software, chip demand and ADP job data. Conversation also covers pricing moves and strong results from Lilly.

David Ricks, CEO of Eli Lilly, on pricing and rising demand for diabetes and weight-loss drugs. Mark Short, former Pence chief of staff, on geopolitics and gold’s market impact. Steve Liesman, senior economics reporter, on ADP job data, manufacturing and sector shifts. Multiple short takes on markets, jobs and commodities in rapid-fire analysis.

Markets pulled back with major index moves and a big name weighing on returns. Chipotle traffic and same-store sales trends drew attention. A retail titan hit trillion-dollar status. Novo Nordisk announced U.S. price cuts and a revenue warning. French authorities probed X over alleged algorithm and data issues. PepsiCo plans sizable price cuts on major snack brands.

Andrew Ross Sorkin, financial journalist and CNBC contributor, and Paul Hickey, market commentator on metals, join the update. They cover the Dow hitting a morning record then pulling back, big tech movers like NVIDIA, and volatile moves in gold and silver. Discussion also touches on Musk’s plan to combine space-tech assets and SpaceX’s satellite/data center ambitions.