CNBC Business News Update Market Midday: Stocks Mixed, US-China Trade Talks Start In London, China's Exports Dropped The Most In 5 Years 6/9/25
Jun 9, 2025
Markets are showing mixed signals as trade talks between the U.S. and China kick off. Wall Street fluctuates, with the Dow dropping while the S&P 500 and Nasdaq rise. Concerns are brewing over a significant drop in China's exports, the worst in five years. Major business updates reveal Warner Brothers Discovery's split and Robin Hood's stock struggles post-S&P 500 exclusion. Plus, Tesla's stock maneuvers and Lowe's growth strategies are making headlines, alongside buzz from Broadway's Tony Awards!
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Insight on US-China Trade Talks
- U.S. and China resumed trade talks in London after tensions rose post-Geneva breakthrough.
- The U.S. focuses on export controls; China wants increased semiconductor tech exports.
Rising Inflation Forecasted
- Recent U.S. inflation data improved but tariffs showed little impact so far.
- Morgan Stanley forecasts inflation to rise steadily across summer and into Q3.
Warner Discovery Splits
- Warner Brothers Discovery will split into two public companies next year.
- One will handle the movie studio and streaming; the other will handle networks like CNN and Discovery.