CNBC Midday Market Update: Stocks, Netflix Shakeup, Apple Preorders, and Election Impact

A CNBC business news update covering midday U.S. market moves, notable stock highs, and analyst commentary on Fed policy and the bull market, followed by corporate news on Netflix and Apple, plus a preview of upcoming earnings and economic data.

■ Market & analyst view
- Midday indices lower; chipmakers mostly red; all-time highs include Williams-Sonoma, Mastercard, Visa, McKesson, MetLife
- Warren Pies discusses late-cycle Fed, S&P 8,000 target, tech leadership

■ Corporate news
- Netflix: Peter Rice as chief content officer; 6% layoffs; reported churn doubled; stock down ~40% yearly
- Apple: foldable iPhone "Duo" pre-orders from $1,999; high-end over $3,000; launch-day stock and January orders

■ Upcoming & election watch
- Earnings: Netflix, United Airlines, General Motors, others; housing data and consumer sentiment
- Election impact on gas/housing prices, spending, AI boom, data center backlash, pocketbook and portfolio

Useful for those tracking quick market action, corporate developments, and upcoming catalysts. It provides a concise overview of the topics covered for informing further viewing or research.