CNBC Business News Update

Markets opened lower as a spike in oil and geopolitical risk rattled investors. Discussion covers supply snarls in the Strait of Hormuz and government moves to curb fuel prices. Rising pump prices and the $4 state thresholds get attention. Also covered: airlines’ booking strength and a sharp drop in Supermicro shares after chip-smuggling charges.

Diana Olick, CNBC real estate reporter covering housing data, and Mike Santoli, market commentator and columnist, unpack market moves. They discuss war-related headlines driving stock and oil swings. They cover crude topping $100, gold pullbacks, rising pump prices, and a steep drop in new home sales. Short takes on upcoming earnings and sports tie-ins wrap things up.

Diana Olick, CNBC real estate reporter known for housing market coverage, breaks down a sharp 17.5% plunge in January new home sales. She explores causes beyond mortgage rates and what the sudden drop could mean for builders and buyers. Short, clear takes on shifting housing demand and market signals.

Dan Murphy, CNBC correspondent reporting from the UAE on Middle East energy infrastructure. He describes recent strikes on regional energy sites and how they pushed Brent and U.S. crude prices higher. The show also covers the Dow slipping to a yearly low and rising pump prices across states. Short, timely market and oil-impact coverage from on-the-ground reporting.

Markets fell as the Fed held rates, with the Dow closing at its yearly low and big movers like McDonald’s and NVIDIA noted. Discussion covers Powell’s take on tariffs and an oil shock. Rising gas prices and a sharp Producer Price Index jump get attention. Also explored: tariffs pushing costs to consumers and shifting global wealth trends for women.

Markets slid midday as investors tracked a hotter-than-expected wholesale inflation report and rising crude and gasoline prices. A sharp jump in producer prices and big vegetable cost spikes raised consumer price concerns. Discussion touched on tariffs feeding into retail costs and the slowdown in mortgage refinances as rates climb. Brief notes on upcoming earnings, jobless claims and March Madness rounds out the update.

Rick Santelli, CNBC market correspondent known for crisp PPI analysis, and Jim Cramer, outspoken market commentator from Mad Money, weigh in. They discuss a hotter-than-expected producer price index and surging food costs. They cover how oil jumped after a regional attack and how market sentiment shifted at the open. They also touch on Fed rate-cut pressure and notable retail and corporate moves.

Markets drift higher while energy names climb and several companies hit record highs. Crude jumps after a tanker strike near Hormuz and analysts flag key price levels to watch. Gasoline spikes to the highest in over two years, with concerns about consumer pain and inflationary pressure. Diesel and jet fuel highs are raising costs across industries as travel demand and fares shift.

Ed Bastian, Delta Air Lines CEO, on rising jet fuel costs amid strong travel demand. Gary Cohn, former National Economic Council director, on inflation squeezing consumer wallets. They discuss market movers, record highs for energy names, oil and gasoline price shocks, and how these trends shape spending and corporate revenue.

Kevin Hassett, White House economic adviser, offers a brisk take on U.S. economic resilience. Seth Carpenter, Morgan Stanley chief U.S. economist, breaks down how $100 oil pressures inflation and growth. Ed Bastian, Delta Air Lines CEO, explains rising jet fuel costs, strong travel demand, and why fares are increasing.