CNBC Business News Update Market Open: Stocks Higher, US-China Trade Talks On In London, Broadway Theater Marks Record Setting Season 6/9/25
Jun 9, 2025
Wall Street is buzzing as U.S.-China trade talks resume in London, stirring investor optimism amidst inflation worries. The discussion highlights critical issues like rare earth metals and semiconductor exports. In the entertainment sector, Warner Brothers Discovery's split and Robinhood's struggles post-S&P 500 exclusion take center stage. Elon Musk's reduced tensions with Trump and Apple’s conference insights also make waves. Plus, Broadway celebrates a record-setting Tony Awards season, showcasing the vibrant intersection of business and entertainment.
AI Snips
Chapters
Transcript
Episode notes
US-China Trade Talks Resumed
- U.S. and China resumed trade talks in London after a breakdown following a Geneva agreement.
- Both sides accuse each other of breaking that agreement, focusing on export controls and rare earth metals versus semiconductor tech.
Inflation Expected To Rise
- Recent US inflation data has been relatively stable despite tariffs.
- However, forecasts predict inflation will rise steadily through summer into the third quarter, making upcoming reports crucial.
Warner Brothers Discovery Split
- Warner Brothers Discovery will split into two public companies next year.
- One will hold movies and streaming, the other networks like CNN and TNT Sports.