CNBC Business News Update Market Close: Stocks Higher, Commerce Secretary Says At Least One Trade Deal Is Done, Consumer Confidence Lowest In 5 Years 4/29/25
Apr 29, 2025
The U.S. stock market is riding a wave of optimism with a promising trade deal in sight, despite mixed earnings reports from major companies like Starbucks. Meanwhile, consumer confidence has hit a five-year low, raising concerns about economic shifts impacting American workers. Insights from Coca-Cola's CEO shed light on business performance, while significant financial events loom on the horizon. Tune in for expert analysis on how these trends could affect your wallet!
AI Snips
Chapters
Transcript
Episode notes
Market Shows Strong Momentum
- The Dow and S&P 500 are experiencing their longest winning streaks in months, reflecting strong market momentum.
- Key stocks like Honeywell and Netflix have hit fresh all-time highs, boosting investor confidence.
Trade Deal Insider Reveal
- Commerce Secretary Howard Lutnick revealed a trade deal is done but awaits approval from a foreign prime minister and parliament.
- He declined to disclose the country, keeping the info closely guarded for now.
Amazon Hides Tariff Surcharges
- Amazon will not separately disclose tariff-related price increases to consumers at checkout.
- In contrast, some e-tailers like Chinese Taimou and Sheehan are listing surcharge details for transparency.