Market Midday: Stocks Higher, PepsiCo CEO on Q1 Results, Schwab Enters the Crypto Trade

I'm Jill Schneider, CNBC. We're back in the green on Wall Street in midday trading.

The Dow is up 84 points, the S&P 500 higher by 20, about a third of percent, and the NASDAQ

up 100, about 4 tenths of a percent. Both the S&P 500 and the NASDAQ reached new record

highs earlier today. President Trump says the leaders of Israel and Lebanon have agreed

to attend a ceasefire after officials from those two countries met in Washington today.

The temporary truce set to start at 5 p.m. Eastern. PepsiCo shares higher today after

the company beat expectations for its Q1 report. Price cuts helping North American food

volume grow for the first time in more than two years. PepsiCo Chairman and CEO Ramon

LaGuarda spoke with CNBC about inflation concerns.

If there's some surgical pricing decisions that we need to make globally because of inflation,

we will make them, but we have seven or eight months before we do that. And so we will

take our time. We will make sure that we play offense. We continue to grow these business.

Shares of Charles Schwab slightly lower after the company reported first quarter results this

morning. The company also announcing plans to launch Bitcoin and Ethereum trading to compete

with the likes of Robin Hood. Charles Schwab CEO Rick Worcester spoke with CNBC about the

new initiative.

Well, we rolled it out to employees to test it and pilot it. And our employees are loving

the experience and actively trading on our on Schwab.com today with with crypto. And we'll

launch it out. We'll launch it to clients in the coming weeks. Couldn't be more excited

about that.

Some big movers today. Abbott Labs is trading at lows not seen since November 2023.

Garmin has pulled back, but was trading earlier today at all time highs dating back to its

IPO in 2000 and advanced micro devices. Up 7% also trading at all time high levels since

its IPO, which was in 1972. The world's biggest chocolate maker is taking a hit due to

higher cocoa prices. Swiss company Barry Calibault slashed its operating profit forecast today.

The company also cites industry over capacity and potential supply disruption linked to the

Iran War. Jill Schneider CNBC CNBC is the network for ambitious people ambitious. It's got

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