CNBC Business News Update

Markets Midday: Stocks Slump As Iran Launches Missiles At UAE, Ebay Shares Jump On Buyout Offer, Fedex And UPS Shares Slide On New Challenge By Amazon 5/4/2026

CNBC's Peter Schacknow reports on major market movements, including stock slumps due to geopolitical events in the UAE, eBay's potential sale, and competitive pressures on shipping companies from Amazon.

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