CNBC Business News Update

Markets rally with big tech and industrial movers after reports of talks with Iran. U.S. crude slips below $90 as hopes grow for reopened shipping lanes. Gasoline prices surge toward highs, stirring political concern. Farmers press Washington for relief amid rising fertilizer and input costs. Airlines and mortgage rates react to the oil pullback.

Eamon Javers, Washington correspondent covering on-the-ground political developments. He reports on President Trump saying talks with Iran were productive. Stocks rally amid the news. Discussion also covers a five-day bombing delay and disputed Iranian statements, and the market impact of falling oil and rising gasoline concerns.

Austin Goolsbee, economist and Chicago Fed president, offers concise takes on inflation and monetary policy. Mike Santoli and David Faber, market correspondents, break down stock rallies, NVIDIA-led tech strength, tumbling oil, sector reactions, and the president's pause on strikes with related social posts and international responses.

Markets slipped with notable drops in major indexes and weakness in big tech names. The Nasdaq briefly entered correction territory while Exxon and Chevron hit record highs. A Fed official discussed how war timelines could shape consumer behavior. Airline bookings and travel demand showed resilience despite broader strain. Mortgage rates popped above 6.5%, and the week ahead will watch conflict, oil, and consumer sentiment.

Markets slip with major averages down and the S&P facing its longest weekly losing streak in a year. Oil climbs toward $97 as energy names rally to record highs. Fed warnings surface about economic risks from prolonged conflict. Airline bookings stay strong as consumer travel spending holds up. Legal trouble hits Supermicro over alleged chip smuggling to China.

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.